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Agile and Lean Supply Chain Influencing Price 
SCMDOJO
DECEMBER 29, 2024
Two prominent online learning platforms, Future Learn Courses and SCMDOJO, offer courses on demand to meet supply chain enthusiasts’ diverse needs. As you know, the supply chain management landscape constantly evolves, necessitating continuous learning and skill development for professionals in this field.
SCMDOJO
MARCH 24, 2025
Introduction Gardner, (1954) and Huntzinger, (2007) define Purchase price variance (PPV) as a metric used to measure the effectiveness of cost-saving efforts by calculating the difference between the planned cost (standard pricing) allocated for purchasing activities and the actual cost incurred.
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From Rigid To Resilient: Why Enterprises Need Modular Commerce Now
Staying Ahead of UFLPA Enforcement: Best Practices for Retail Supply Chains
Procurement Templates
NOVEMBER 21, 2024
Negotiation Skills Actionable Steps: Prepare Thoroughly: Research suppliers’ market position and pricing strategies before negotiations. Audit Supply Chains: Identify and address environmental and social risks in the supply chain. SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g.,
SCMDOJO
JANUARY 29, 2025
Supply chain reports offer a comprehensive view of your entire supply chain operation. What are Supply Chain Reports? Moreover, i dentifying and mitigating potential risks associated with supplier performance, such as disruptions to the supply chain or quality issues.
SCMDOJO
APRIL 3, 2025
Global trade is complex, and supply chains are intertwined and interconnected. Supply chain leaders must adapt and use smart strategies to remain competitive. This article explains how to understand US tariffs and lessen their impact on supply chains. Can you increase prices for customers?
Procurement Tactics
MARCH 27, 2023
18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details → Or receive our famous weekly newsletter Supply Chain Forecasting — Everything You Should Know Supply chain forecasting is about making predictions from both past and present information. What is Supply Chain Forecasting?
Let's Talk Supply Chain
FEBRUARY 27, 2025
Technology integration: The integration of advanced technologies like autonomous vehicles and route optimization software is expected to streamline operations and potentially reduce costs,influencing the direction of trucking rates.
Procurement Templates
DECEMBER 11, 2024
Implement Lean Procurement Practices: Use lean management principles to minimize waste and streamline procurement operations. Create Contingency Plans: Develop risk management protocols for supply disruptions and emergencies.
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Supply Chain Game Changer
MARCH 14, 2022
Subscribe to Supply Chain Game Changer. Supply Chain Education and Certification – What’s Missing? If you’re looking to start or improve your career in the field of supply chain management courses, you might be wondering where to start. Supply Chain Management Courses.
Procurement Insights
JANUARY 3, 2025
Impact of Globalization and Supply Chain Complexity : The complexity of global supply chains highlighted procurement’s role in managing risks, ensuring continuity, and driving efficiencies. CFOs began to see procurement as critical to business continuity and organizational agility.
Supply Chain Opz
NOVEMBER 9, 2014
Companies of all sizes have been capturing the value from Global Supply Chain to increase the economies of scale and scope for years. In this article, we will show you tips from worldwide experts that you can use to streamline your global supply chain operations. However, you may wonder what kind of practices really work.
SCMDOJO
JUNE 27, 2024
In an era where efficiency equates to competitive advantage, the oil industry’s supply chain management plays a pivotal role in determining a company’s profitability and sustainability. What Are the Key Components of an Oil Company’s Supply Chain? How Do Global Market Conditions Affect Oil Supply Chains?
Procurement Heads
MARCH 27, 2023
The ongoing impact of inflation and fluctuations in materials pricing continue to have an impact, and it’s increasingly challenging to negotiate because prices are changing significantly within a short period of time. Sustainability is one of those, and supply chains can influence carbon emissions in a huge way.
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SCMDOJO
SEPTEMBER 24, 2024
Make vs Buy Analysis is an essential decision-making tool in supply chain management that significantly influences profitability, flexibility, and competitiveness. Importance of Make vs Buy in Supply Chain The Make vs Buy Analysis is critical for optimizing supply chain operations.
Supply Chain Game Changer
JUNE 24, 2021
Subscribe to Supply Chain Game Changer. 10 Vital Supply Chain Lessons from the Coronavirus Pandemic! Companies rely on supply chain management to reduce costs and increase their production cycle. These developments, combined with the US-China trade war, found the supply chains experiencing unique hurdles.
Procurement Heads
JANUARY 4, 2023
I joined KPMG in their supply chain practice and spend the next 16 years on consulting assignments in a smaller firm. Yet this is at a time when many suppliers are looking to renegotiate commercial arrangements due to supply disruption or pass on inflationary pricing increases because they’re dealing with higher wages and bills.
Supply Chain Opz
JANUARY 8, 2015
In this guest commentary, John McKeller , senior lecturer for the Wisconsin School of Business Grainger Center for Supply Chain Managemen t at the University of Wisconsin-Madison, explains four key considerations for successfully integrating a firm’s strategy with supply chain management.
Jaggaer
OCTOBER 24, 2024
Building Stronger Relationship s : Effective Approaches to Multi-Tier Supplier Collaboration A chain is only as strong as its weakest link—but what if you can’t evaluate the entire chain? Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain.
Skill Dynamics
DECEMBER 18, 2024
Bribery and kickbacks involve the making of payments to try and influence procurement decisions, often resulting in biased choices that likely prioritize individual personal gain over the interests of the wider organization. All of this leads to a more agile, responsive, and efficient organization.
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Finale Inventory
AUGUST 14, 2024
Hospital supply chain management plays a key role in the efficient operation of healthcare organizations. In an industry where patient care is paramount, having a well-managed supply chain is important for ensuring timely delivery of medical equipment, medications, and other necessary supplies.
Positive Purchasing
DECEMBER 6, 2023
Inevitably, there are some supply chains that are riskier than others. Katharina: It depends on what you mean by “cost less” I think given where the food industry is right now, it’s almost impossible to produce products sustainably at the same cost price as those we consider conventionally produced.
ivalua
DECEMBER 8, 2020
To both confirm the right opportunities and then execute against them, procurement must expand that engagement and its influence to other parts of the business. They configured their eSourcing technology to run high volume forward auctions to optimize the price received on used handsets.
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Jaggaer
JUNE 28, 2024
Procurement and supply chain professionals are emerging as enterprise linchpins. C-suites are increasingly leaning on the function’s expertise and tools to advance key objectives, such as business continuity, responsible business practices, profitable growth, and competitive advantage. Generative AI offers workload relief.
Solvoyo
MARCH 5, 2021
For businesses of all sizes, the digital transformation of supply chain planning became the most important initiative. . Considering this surge in digital transformation and the changing needs of 2021, here are some insights and tips for embarking on Supply Chain Digital Transformation projects.
Positive Purchasing
NOVEMBER 9, 2023
Now, with the need to move beyond price and security of supply to sustainable and ethical sourcing, procurement must become a more strategic and proactive function. I am sure you are comfortable being flexible and agile when buying something different, or sourcing from an alternative more sustainable supplier.
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Supply Chain Game Changer
NOVEMBER 17, 2022
Subscribe to Supply Chain Game Changer. The global network of supply chain connections is influenced by an expanding array of factors, including the ability to conduct business in new markets and the proliferation of technological tools. appeared first on Supply Chain Game Changer™. Subscribe Here!
Jaggaer
JUNE 28, 2024
I was recently delighted to be joined in webinar discussion by Iain Prince, Operational Transformation & Supply Chain Partner at KPMG. From resilience to agility As Iain was quick to point out, there is no shortage of people offering advice on supply chain resilience.
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Arkestro
DECEMBER 5, 2022
These disruptions have exposed the fragility of global supply chains. A shift toward regionalized supply chains and diverse suppliers may be the key to resilience. According to data released by the Bureau of Labor Statistics in mid-September, food prices have jumped 11.4% over the past year. Climate Change.
Shapiro Negotiations Institute
MARCH 6, 2025
A pitch that makes a technical team lean forward in their chairs might make a marketing team check their phones. Your engineer-perfect presentation about system architecture might have your CEO checking flight prices to Cabo. Want to learn more about influence and persuasion training? Knowing when to push and when to pause.
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Arkestro
JANUARY 4, 2023
Among them were supply chain disruptions , inflation, and supply scarcity and shortages. The talent shortage in procurement and supply chain is nothing new: it’s been going on for several years now. The Supply Chain Will Continue to Heal. In 2022, procurement faced challenges on multiple fronts.
Procurement Heads
JUNE 14, 2023
The breadth of the role dealing with all categories across a £8 billion-a-year spend is exciting and there are very few roles in a company that have so much reach and influence – for example, it allows me to challenge and support Network Rail in becoming more commercial, more sustainable, and more diverse.
SCMDOJO
NOVEMBER 29, 2023
Supplier Issues: Delays in the supply chain, disruptions in the production process, or unexpected increases in lead times can result in excess inventory. Offering products at reduced prices without accurately forecasting demand can lead to overstock.
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The Good Spending
AUGUST 23, 2022
Commodity or CPI index-related prices (e.g., While a 5-7% year-on-year price reduction is perceived as a good result, you may eliminate up to 100% of wasteful demand. Procurement must work closely with the supply chain to optimize depreciation exposure to sell or dispose of slow-moving or obsolete inventories. Moderation.
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Supply Chain Game Changer
SEPTEMBER 30, 2022
Subscribe to Supply Chain Game Changer. Investments, production, set prices and resulting income depend on market forces. They had a different character of production and business structure, which influenced the difference in the level of economic development. The northern region leaned toward the farming way.
Finale Inventory
JULY 21, 2024
Recognizing that these costs are necessary for the overall production process, even though they are not directly traceable to a specific product, allows ecommerce businesses to get a clear view of their operational expenses and make informed decisions regarding pricing and resource allocation.
Supply Chain Game Changer
NOVEMBER 26, 2018
Check out The Digital Supply Chain (SC 4.0) Innovation is a team effort requiring collaboration and buy-in from all levels within an organization, and it’s especially true when it comes to bringing innovation to the supply chain. A Blueprint for Successful Supply Chain Innovation. What You Need to Know!
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Supply Chain Game Changer
NOVEMBER 13, 2018
This can be achieved through reduction in prices of purchased products & services and reduction in their specific consumption. Today’s uncertain and volatile markets make agility and change inevitable as well as essential. What is Strategic Sourcing? Strategic Sourcing does exactly the same by addressing the total cost.
Finale Inventory
JULY 1, 2024
Are you interested in learning about the world of the F&B supply chain? In this article, we will walk you through the basics, key components, role of inventory management, challenges, and technological innovations in the F&B supply chain. One important aspect of the F&B supply chain is inventory management.
Arkestro
MAY 30, 2022
At the same time, digital acceleration and the need for agility have expanded the role of procurement and finance from cost-management functions to broader champions of risk management, strategic decision making, and business agility.”. . We all remember the early days of the pandemic and shortages in critical medical supplies.
ivalua
NOVEMBER 26, 2019
This is where helping organizations innovate, ensuring business agility and even growing revenue comes into play. That frees capacity, increases influence and improves access to insights for better decision making. Global automotive component supplier Meritor is a great example. But it doesn’t by itself give you an edge.
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EazyStock
FEBRUARY 11, 2021
Here are five top challenges experienced by companies: Price sensitivity. Supply chain transparency and digitalization. How does eCommerce price sensitivity affect inventory management? eCommerce can increase price sensitivity. How is multi-channel shopping complicating supply chains?
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Arkestro
JANUARY 9, 2024
As we move into 2024, procurement teams continue to face hurdles like supply chain volatility, geopolitical tensions, budget restrictions, talent shortages, and more. In fact, manufacturing procurement has never been more important, holding the power to influence IT, finance, and C-suite decision-making. Reduce complexity.
Supply Chain Game Changer
FEBRUARY 9, 2022
Subscribe to Supply Chain Game Changer. 7 Reasons to Switch to Agile Project Management! These activities always require a balance between certain elements: purpose, time, price, and quality. ”. The price for Hubstaff jobs starts at $ 5 per user per month. Are prices clear, transparent, and flexible?
Finale Inventory
JULY 23, 2024
By closely monitoring their inventory turnover ratio, companies can make informed decisions about production, purchasing, and pricing strategies. On the other hand, a low turnover ratio may suggest inefficiencies in purchasing, pricing, or demand forecasting. What Does a Low Inventory Turnover Ratio Mean?
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