The Thomas Blog

AUGUST 24, 2022

A lot of it depends on what type of materials, products, services, or company is needed, but at a high level, the complete industrial buying process actually involves six distinct phases: The buyer defines a need for a product or service. Impact The Industrial Buying Process Before The Sales Funnel. Sounds exhausting?

Buyers 128

Buyers Buying process Suppliers Sourcing 128

SCMDOJO

DECEMBER 11, 2023

Access to data on supplier performance, market trends, and cost analyses enables leaders to optimize procurement strategies for improved efficiency and effectiveness. This fosters stronger collaborations, encourages accountability, and ensures a more reliable and resilient supply chain.

Supply Chain Efficiency 18

Supply Chain Efficiency Purchase orders Procurement Bidding 18

EazyStock

FEBRUARY 11, 2021

Supply chain transparency and digitalization. While there are strategies to reduce price sensitivity, eCommerce businesses also need to have lean and efficient supply chains to keep their cost of sale to a minimum and sustain competitive prices. How is multi-channel shopping complicating supply chains?

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Inventory Supply Chain Efficiency Management Supply Chain Optimization 52

Supply Chain Game Changer

SEPTEMBER 29, 2020

Subscribe to Supply Chain Game Changer. In our experience the best way to systemically, and sustainably, optimize inventory is to take a process based inventory turnover improvement approach. A Process Based Approach. We established an “A” Class Buying team. Subscribe Here! Email Address.

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Inventory Raw materials Supply Chain Optimization Demand 90

Supply Chain Game Changer

JANUARY 30, 2020

Subscribe to Supply Chain Game Changer. “We are a Supply Chain Services Company,” I was told. “If we are truly a Supply Chain Services Company, then why is our Inventory Turnover only at 7?”, I needed to meet with the company leaders in the Supply Chain function quickly.

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

Spend Matters

OCTOBER 4, 2024

Many were centered around AI, for example, in supplier search, Zip AI now surfaces contracted (preferred) suppliers to help users to more quickly identify optimal suppliers (which may not really be optimal, but likely better than having to inadvertently go maverick and waste precious resources in sourcing, qualification, etc.).

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Sustainability Spend management Real-time Visibility Supply Chain Optimization 81

The Thomas Blog

JUNE 22, 2022

Here are a few things to keep in mind if you're a manufacturer looking for more customers: Optimize Your Website To Convert New Customers. Today's buying process begins on the internet. That means (at a minimum) you need a website that's up to date and modern. Finance Managers. There's always someone who holds the purse strings.

Buyers 64

Buyers Real-time Visibility supply chain budgeting Supply Chain Efficiency 64

Supply Chain Game Changer

NOVEMBER 16, 2018

“We are a Supply Chain Services Company,” I was told. “If we are truly a Supply Chain Services Company, then why is our Inventory Turnover only at 7?”, I needed to meet with the company leaders in the Supply Chain function quickly. Work In Process. (Infographic).

Inventory 43

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

Procurement Insights

OCTOBER 26, 2023

In order to streamline the implementation process and justify the licensing and implementation costs, there was a general belief that reducing the number of suppliers to the few who could readily interface with the new centralized system would generate volume discount savings and streamline the buying process.

Change management 69

Change management Management Contract Buyers 69