Procurement Zen

JULY 29, 2021

you could do this by having them clarify all the tech details first what material is your product made off? can you provide a Bill of Materials and lead me through it? how does it connect to our machine xyz once they have explained all in very much detail start the commercials negotiations frequently mention that they (not you!)

Influencing 52

Influencing Bill of materials Negotiation Procurement 52

Arkestro

JUNE 29, 2023

Arkestro was able to predict the bill of materials and suggest suppliers and pricing as soon as a contract came in. In the past, they would win a construction design contract and it would take multiple months to organize internally and output the bill of materials for bidding to begin.

Bill of materials 52

Bill of materials Bidding Price Procurement team 52

The Procuretech Podcast

JULY 8, 2020

Preparation for negotiations has long been something that we as procurement professionals know is vitally important, but all too often we're stuck in the weeds with firefighting and process-related administrative work to do what we should be doing. Add to this the difficulties we also face in obtaining the necessary market data.

Suppliers 40

Suppliers Bill of materials supply chain budgeting Negotiation 40

Procurement Software

MARCH 11, 2022

POs for Materials. Raw materials and components parts used in manufacturing are usually inventoried and listed according to a bill of material (BoM). At the same time, they are using a preferred vendor where Procurement has negotiated pricing and conditions. Automated negotiation. Guided buying.

Risk 52

Risk Purchase orders Spend management Purchasing 52

Procurement Software

MARCH 11, 2022

POs for Materials. Raw materials and components parts used in manufacturing are usually inventoried and listed according to a bill of material (BoM). At the same time, they are using a preferred vendor where Procurement has negotiated pricing and conditions. Automated negotiation. Guided buying.

Risk 52

Risk Purchase orders Spend management Purchasing 52

Supply Chain Game Changer

NOVEMBER 12, 2018

Price is obviously a key point of negotiation. Especially when there are literally tens of thousands of skus (and their associated parameters), thousands of bills of material, hundreds of suppliers, frequent engineering changes, and fluctuating customer demand. Supplier Operating Terms.

Inventory 45

Inventory Management Agile and Lean Supply Chain Raw materials 45

Procurement Software

MARCH 5, 2024

Lavenir AI LavenirAI is a conversational AI-powered procurement negotiation training platform. Designed by procurement specialists, for procurement professionals, LavenirAI was developed to raise the bar for procurement negotiation. LavenirAI allows you to train anywhere, any time, so you can stay at the top of your game.

Real-time Visibility 52

Real-time Visibility supply chain software solutions Procurement Supply Chain Efficiency 52

Supply Chain Game Changer

JANUARY 30, 2020

The Lead times had not only not been negotiated at all, but if a supplier gave a lead time range, we took the more conservative number. One clue for me was that there were no material shortages. Yet many bills of material had cycle times of 1-2 weeks.

Inventory 61

Inventory Agile and Lean Supply Chain Supply Chain Optimization Replenishment ordering 61

Procurement Software

OCTOBER 17, 2023

As long as lead times, bills of material and material specifications are maintained for direct materials, then the remainder is likely not a priority. Does Operations fundamentally care about purchasing data though? Also, we haven’t considered indirect procurement spend.

Data 59

Data Procurement supply chain budgeting supply chain software solutions 59

Procurement Zen

AUGUST 3, 2019

So for example, it doesn't really make sense to create a strategy, if next year we are launching a new product and the key commodity that is part of those materials or those bill of materials is no longer required or the demand will be halfed. And of course I do not the exact salary but I have rough understanding.

Strategy 52

Strategy Influencing Demand Suppliers 52

Supply Chain Game Changer

NOVEMBER 16, 2018

The Lead times had not only not been negotiated at all, but if a supplier gave a lead time range, we took the more conservative number. One clue for me was that there were no material shortages. Yet many bills of material had cycle times of 1-2 weeks.

Inventory 43

Inventory Agile and Lean Supply Chain Supply Chain Optimization Replenishment ordering 43

Arkestro

MARCH 28, 2025

A proactive, AI-driven approach to supplier negotiations that unlocks trapped savings, delivers value beyond price, and enhances supplier selection. Join industry experts and an Arkestro customer to explore how predictive procurement accelerates spend transformationboosting savings, improving supplier negotiations, and reducing risk.

Strategy 52

Strategy Bill of materials Supplier negotiation Procurement 52

SCMDOJO

DECEMBER 16, 2024

Materials Requirements Planning (MRP) Materials Replenishment Planning is the knowledge of forecasting, demand planning, scheduling, and inventory management tools and concepts necessary to analyze the optimal placement and velocity of materials required in manufacturing and distribution.

Material management 52

Material management Management Supply Chain Optimization Agile and Lean Supply Chain 52

Jaggaer

JANUARY 23, 2025

Under the current World Trade Organization (WTO) system, countries negotiate tariff reductions between themselves and then apply those reduced tariffs equally to all other WTO members: the system known as Most Favored Nation (MFN). The EU has leverage but its suppliers dont Reciprocity means a return to bilateral trade negotiations.

Export 52

Export Supply Chain Efficiency Raw materials supply chain budgeting 52

Jaggaer

JANUARY 29, 2025

This sounds like an opening gambit for negotiations with powerful blocs like the EU. Under the current World Trade Organization (WTO) system, countries negotiate tariff reductions between themselves and then apply those reduced tariffs equally to all other WTO members: the system known as Most Favored Nation (MFN).

Export 52

Export Price Bill of materials Demand 52