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  • requisition

    A requisition, in procurement, is a request for goods or services made by an employee to the person or department in a company that is responsible for purchasing. If the request is approved, that entity will submit a purchase order (PO) to a supplier for the goods or services. In this context, a requisition is also known as a purchase requisition. Continue Reading

  • Boost bottom line with supply chain analytics

    The transformation of supply chain management is happening now. IoT is driving that change, but supply chain analytics is instrumental in taming the massive amounts of data generated by IoT sensors, devices and objects and turning it into insight -- and into a competitive edge. Smart companies recognize this.

    Take The Bouqs Company, a flower retailer delivering straight from farms. The company has created a supply-driven, farm-to-table, eco-friendly model literally built on the capabilities of supply chain analytics. This includes reducing the typical waste of the flower industry by only cutting flowers when a customer places an order.

    In the first part of this three-part supply chain analytics handbook, you'll get more detail on how companies, such as The Bouqs Company, are using supply chain analytics to grow profits and avert costly mistakes. In the second article, you'll learn why and how IoT sensor technology is changing supply chain management forever. And, in the third, you will discover how to navigate the complex supply chain analytics product landscape.

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  • SAP Financial Supply Chain Management (SAP FIN-FSCM)

    SAP Financial Supply Chain Management (SAP FIN-FSCM) is a set of applications meant to support a company's cash-related business processes for more efficient management of working capital, receivables and payments. Continue Reading

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