Procurement Tactics

JUNE 26, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Top 10 US Dropshipping Suppliers — Pricing & Reviews The US dropshipping market reached an estimated amount of $15.64 Top 10 US Dropshipping Suppliers Study Procurement Study Negotiations 1.

Price 195

Price Suppliers Negotiation Real-time Visibility 195

SCMDOJO

FEBRUARY 19, 2024

– Operational improvements (reduction of lead time, increase in productivity, and reduction in work-in-process inventory, etc.). Past, Present, and Future of Lean Six Sigma: Snee and Hoerl (2007) recommended many companies have focused on lean or Six Sigma, but rarely on both, as their improvement approach. Hoerl, R.W.,

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain supply chain budgeting Quality Supply Chain Optimization 98

Procurement Insights

MARCH 19, 2023

” In July 2007, I wrote the article “ Public Sector Procurement and the Walmart Effect. ” Besides providing in-depth and compelling industry stats regarding the predatory buying practices of the retail giant, the Vlasic Pickles story perfectly illustrates the consequences of unbalanced power in buyer-supplier relationships.

Buyers 45

Buyers Suppliers Inventory Sourcing 45

SCMDOJO

SEPTEMBER 4, 2023

LSPs generally endow tremendous inventory management and warehousing solutions, conveyance of orders and international logistics. They can save corporate capital on expenses and give customers much speedier services due to their connections and incentives (Li, 2007).

Logistics 98

Logistics Supply Chain Efficiency Supply Chain Optimization Negotiation 98

Procurement Insights

SEPTEMBER 15, 2023

“AI assesses supplier performance data, quality records, and market intelligence to revamp supplier selection and management. The suppliers would then respond within the appointed time with their bid. Also, AI can locate potential risks in the supply chain, such as disruptions due to weather events or geopolitical factors.”

Buyers 75

Buyers supply chain software solutions Bidding Quality 75

EazyStock

MARCH 14, 2023

Rapid cost increases, interest rate hikes and reduced demand require more effective inventory management and forecasting attention. What the last recession taught us An article from McKinsey & Company (2022) analyzed the performance of about 40 publicly traded distribution companies during the 2007-2009 recession.

Strategy 52

Strategy Supply Chain Optimization Inventory supply chain software solutions 52

Procurement Insights

NOVEMBER 17, 2023

The July 20, 2007, Wall Street Journal published an article titled, “A Key Strategy of Japan’s Car Makers Backfires,” which begins: For want of a piston ring costing $1.50, nearly 70 percent of Japan’s auto production has been temporarily paralyzed this week. ” Here we are, 16 years later, from when a missing $1.50

Real-time Visibility 53

Real-time Visibility Inventory Collaboration Supply chain 53