Spend Matters

NOVEMBER 2, 2023

We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. So, Rasa gathered good connections he made in product development, software development and SaaS to create a solution to address this market gap that caused them so many headaches.

supply chain software solutions 111

supply chain software solutions Category management Procurement Data 111

Supply Chain Game Changer

DECEMBER 9, 2020

The list is long: Inventory management is handled through your ERP Your product development team works through the PML Sales and marketing are housed in the CRM And it feels like half the company is still managing product data in spreadsheets. The data those programs all track is connected, too. Pros and Cons of ERPs.

Inventory 98

Inventory supply chain software solutions Management Supply Chain Optimization 98

Let's Talk Supply Chain

JANUARY 9, 2023

19.56] A closer look at TraceGains’ configurable solutions for product development, which support customers in creating new formulas and finished goods. 28.01] Collaboration, the importance of bringing buyers and sellers together with co-manufacturing, and an example of what can go wrong when good collaboration is lacking.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Food and Beverage Supply Chain supply chain software solutions Supply Chain Efficiency 52

The Good Spending

JUNE 15, 2022

New Tasks The first-time buyer seeks a wide variety of information to explore alternative purchasing solutions to their organizational task. Modified Rebuy A buyer wants to replace or amend a product used in the organization. The competition is limited, as this scenario usually applies to modifications of an existing product.

supply chain budgeting 52

supply chain budgeting Buyers Agile and Lean Supply Chain Supply Chain Optimization 52

World of Procurement blog

OCTOBER 13, 2020

Relating to the involvement of buyers in CAPEX management it can depend on the degree of procurement culture in an organization. It could be even worse as buyers may not be invited to get involved at all in CAPEX management. Early-buyer-involvement in the process is helpful for the organization and the supplier(s).

Management 52

Management Procurement Buyers Negotiation 52

Jaggaer

OCTOBER 24, 2024

Your goal might be to transition from purely traditional buyer-supplier business arrangements, fine-tune strong supplier relationships that yield average results, or something in between. Getting strategic about supplier collaboration positions you to succeed today and overcome tomorrow’s unexpected challenges.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Agile and Lean Supply Chain 52

Supply Chain Opz

JANUARY 19, 2015

Rather than developing a prototype in-house and then sharing it with suppliers, with the supplier then responding with some great ideas for modification, why not involve them much earlier than that? Such supplier relationships, however, do not develop by themselves.

Strategic sourcing 56

Strategic sourcing Strategic sourcing Sourcing Product development 56

Supply Chain Collaborator

OCTOBER 9, 2015

Gathering this type of intelligence should begin long before the demo occurs according to Sherry Brown, Product Development Director who often presents for Ultra. Her thoughts on the superior demo include: Learn and match prospective buyers’ terminology.

supply chain software solutions 60

supply chain software solutions Logistics Product development Buyers 60

Arkestro

OCTOBER 3, 2024

Rather than making up a strategic or critical component of the final product’s performance (the car itself), these materials are often sourced by plant operations and buyers on a case-by-case basis as needed. They include safety equipment, office supplies, cleaning, IT, rental cars, and others.

Procurement 52

Procurement Procurement team Supply Chain Efficiency supply chain budgeting 52

The Thomas Blog

MAY 7, 2024

This data can inform product development, marketing strategies, and overall business decisions. Common Challenges in Managing Product Qualified Leads Managing PQLs comes with its own set of challenges. Use personalized emails, messages, and content to engage them at different stages of their buyer journey.

Buyers 52

Buyers Data Purchasing Strategy 52

IBM Supply Chain Blog

APRIL 25, 2024

Benefits : Reduced processing times Reduced errors Increased adaptability Improving product development processes BPR plays a crucial role in optimizing product development processes, from ideation to market launch.

Supply Chain Efficiency 57

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting supply chain software solutions 57

Jaggaer

JULY 4, 2024

In short, the cost of carbon needs to be integrated into buying decisions, and this has an additional positive aspect in that, as we will see, procurement must be more closely involved in new product development to create low carbon, environment-friendly products. It forms part of the “European Green Deal”.

Strategic sourcing 59

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 59

SPLC (Sustainable Purchasing Leadership Council)

AUGUST 24, 2017

I read articles, books, and attended seminars, and realized my multi-faceted experience (manufacturing, product development, purchasing, supply chain, sales & marketing) was a good foundation for helping with the sustainability transformation. The Big Picture.

Supply Chain Efficiency 40

Supply Chain Efficiency Sustainability Buyers Purchasing 40

SCMDOJO

DECEMBER 14, 2023

Innovation and Product Development: Reduced lead times can facilitate faster innovation and time-to-market for new products. Businesses can stay ahead of the competition by bringing new and improved products to market more quickly. This visibility enables the vendor to actively manage the buyer’s inventory levels.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization Real-time Visibility 98

IBM Supply Chain Blog

DECEMBER 18, 2023

It may also reduce the threat of competitors if the unique product is widely viewed as such, fostering significant brand loyalty. However, organizations remain vulnerable if a competitor offers a cheaper alternative for price-sensitive buyers.

Business strategy 67

Business strategy Strategy Leadership Price 67

IBM Supply Chain Blog

MARCH 29, 2024

Retention is best achieved by overcoming barriers to switching, maximizing the value of products and services, meeting customer expectations and solving customers’ pain points. It is achieved through a mix of customer service , marketing, customer success and product development.

Strategy 58

Strategy Purchasing Buyers Import 58

SupplyShift

NOVEMBER 12, 2021

For instance, in addition to the initiatives mentioned above, we see more and more brands and suppliers using TSC’s THESIS program each year as a way to facilitate buyer-supplier transparency. Similarly, Tara Norton walked us through her experience creating a new product development template and oversight board at Navico.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Sustainability Supply chain 52

SupplyShift

NOVEMBER 12, 2021

For instance, in addition to the initiatives mentioned above, we see more and more brands and suppliers using TSC’s THESIS program each year as a way to facilitate buyer-supplier transparency. Similarly, Tara Norton walked us through her experience creating a new product development template and oversight board at Navico.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Sustainability Supply chain 52

The Procuretech Podcast

APRIL 5, 2022

Both Legal and Procurement alike are seen to Dan as being potential "buyers" in this space. The reality is that most contracts are a muddle of existing, previously agreed to documents and clauses which are usually chopped, changed and adapted for the specific requirements of that specific buyer / supplier relationship.

Contract 52

Contract Contract management Negotiation Buyers 52

Supply Chain Game Changer

NOVEMBER 10, 2018

In this climate, buyers are relying on suppliers more than ever before. And buyers aren’t collaborating with suppliers merely as providers of materials and goods, but as strategic partners that can help create products that are competitive differentiators. To be blunt: they know more than you do.

Collaboration 66

Collaboration Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 66

Procurement Software

MARCH 5, 2024

It promises to assist with improving buyer and supplier collaboration. This enables you to catch potential disruptions earlier in the design process to avoid delays in production. Part Analytics’s enterprise parts catalog, Part IQ, accelerates new product development.

Real-time Visibility 52

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

The Thomas Blog

APRIL 12, 2024

Collaborate on product development, share industry insights, and leverage each other's capabilities, resources, expertise, and networks to create innovative solutions and drive sales opportunity growth. ® is trusted by millions of industrial buyers who have leveraged our content and expertise. About Thomasnet ® Thomasnet.com®

Strategy 52

Strategy Real-time Visibility Networking Buyers 52

Procurement Software

FEBRUARY 20, 2024

The platform offers trusted collaboration between buyers and vendors, based on a fully transparent, real time single source of truth. Alpas Ai Alpas AI is a Berlin-based supplier discovery platform for the procurement and product development departments of mid to large manufacturing companies.

Supply Chain Efficiency 59

Supply Chain Efficiency supply chain software solutions Procurement Real-time Visibility 59

Procurement Software

MAY 23, 2023

Not ignoring the importance of regular, two-way feedback between buyer and supplier is also key. Leveraging Buyers to extract warranty claim payments from suppliers is smart. Teams from Product Development, Operations, Procurement and Design should all work together.

Procurement 52

Procurement supply chain budgeting Agile and Lean Supply Chain Suppliers 52

Procurement Software

FEBRUARY 14, 2023

Important here is also how many of those users will be buyers / approvers vs. just requisitioners or view only access to access reports. This has many advantages, especially that you could influence their future product development as an early customer. What is the right procurement software pricing structure for your business?

supply chain software solutions 72

supply chain software solutions Procurement Price Sourcing 72

Supply Chain Game Changer

APRIL 26, 2020

I didn’t know it at the time but spending that time with planners and buyers around the world was my first foray into supply chain. I am pleased that supply chain stands up with core functions such as sales or product development as an equally important part of our company’s success.

Leadership 52

Leadership supply chain budgeting Supply Chain Optimization supply chain software solutions 52

Empowering CPO

JUNE 27, 2023

Mutual benefits of shared data: Discuss how sharing spend data can help suppliers gain insights into their performance, identify improvement areas, and align their offerings with the buyer’s needs.

Supplier relationship management 52

Supplier relationship management Suppliers Management Negotiation 52

World of Procurement blog

MAY 23, 2024

Involve key suppliers in new product development and innovation initiatives. The combined purchasing power and synergies create strategic advantages that benefit both buyers and suppliers. Recognise excellent performance and discuss areas for improvement. Make adjustments to ensure alignment with business needs.

Supplier consolidation 52

Supplier consolidation Suppliers Supply Chain Efficiency supply chain budgeting 52

Supply Chain Game Changer

NOVEMBER 17, 2018

I didn’t know it at the time but spending that time with planners and buyers around the world was my first foray into supply chain. I am pleased that supply chain stands up with core functions such as sales or product development as an equally important part of our company’s success.

Leadership 40

Leadership Networking supply chain budgeting Supply Chain Optimization 40

Empowering CPO

JUNE 14, 2023

They can also create adversarial relationships between buyers and suppliers, as they often involve tough negotiations and a focus on short-term gains rather than long-term collaboration. This could involve joint product development, shared risk and reward models, or long-term partnerships.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Zycus Cognitive Procurement

JANUARY 31, 2023

Consolidation of Supply Chain: Through better understanding of one another, buyers and suppliers can work together to mutually benefit from improved efficiency in the supply chain. Feedback loops become more effective while production costs and customer satisfaction levels are optimized – all thanks to improved supplier management strategies!

Supplier relationship management 40

Supplier relationship management Suppliers Management Supply Chain Efficiency 40

Supply Chain Game Changer

NOVEMBER 14, 2018

Additionally, including product development, finance, marketing, and other key organizations helps guarantee the success of the program and integration of all activities in the company. Many organizations have developed web-based portals or use other cloud-based services to tie the supplier and buyer together.

Supplier relationship management 44

Supplier relationship management Suppliers Management Agile and Lean Supply Chain 44

Spend Matters

JANUARY 6, 2025

Effectively sourcing a product or component requires understanding the fundamentals driving a category, the competitive dynamics in a given industry and a negotiation strategy based on realistic prices or savings that procurement hopes to attain. The same is true for new product development.

Price 120

Price Raw materials Management Negotiation 120