Procurement Tactics

MAY 16, 2023

Furthermore, as the logistics industry continues to grow, 4PL will continue to play an important role in helping businesses to streamline their supply chain and logistics processes. This includes checking for new logistics providers, renegotiating contracts, or implementing new software. The 4PL Process: How Does it Work?

Logistics 211

Logistics supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 211

Barkers Procurement

DECEMBER 16, 2024

2) Prioritise visibility At the heart of managing demand is supply chain visibility. The function must have a clear view of the supply chain through accessible, accurate and reliable supplier data. Without this visibility, its impossible to maintain the resilience and agility needed to handle demand spikes.

Procurement team 52

Procurement team Procurement Agile and Lean Supply Chain Demand 52

SCMDOJO

APRIL 11, 2025

A resilient supply chain is one that can absorb shocks and continue functioning with minimal disruption. An adaptable supply chain can quickly adjust to changes in demand, supply, or other external conditions. In an environment of economic uncertainty, the importance of a robust supply chain cannot be overstated.

Agile and Lean Supply Chain 52

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

Procurement Leaders

JUNE 13, 2022

It is the largest infrastructure project in Europe and the most important economic and social regeneration project in decades. was set up by the UK Government to design and construct the railway and is responsible for procuring and coordinating a supply chain of designers and contractors to deliver billions of pounds worth of contracts.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply chain Supply Contract 130

ivalua

JANUARY 24, 2022

Alex, how important was data during and after the pandemic? Dramatic supply and demand shifts during the pandemic prioritized the need for data accuracy to solve short and long term supply chain challenges. Alex, how did organizations respond to pandemic supply chain issues? Timeliness is also important.

Data 130

Data Real-time Visibility Procurement Supply Chain Efficiency 130

Jaggaer

OCTOBER 24, 2024

Importance of Supplier Collaboration Supplier collaboration is the process of connecting and working together with trusted supplier partners to achieve agreed-upon business goals and initiatives. Collaboration brings visibility and agility for gaining market share.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

The Network Effect

SEPTEMBER 26, 2014

Looking ahead, it is clear that competition will drive the formation of value added networks as well as supply chains differentiated by product and region.

Supply chain 67

Supply chain Supply Chain Visibility Networking Supply 67

Supply Chain Game Changer

OCTOBER 14, 2021

While 2022 might bring some relief from constant record-setting spot prices, supply chain executives need to brace for continued high costs in an inflationary period. Cost-saving initiatives will become paramount, such as investments in TMS platforms, contract negotiation, and strategic load and route planning.

Supply Chain Efficiency 76

Supply Chain Efficiency Supply chain Real-time Visibility Supply 76

ivalua

JANUARY 31, 2022

Disruptions in global supply chains, labor market shortages, strong consumer demand. The Criticality of the Supply Chain (and Suppliers). How can we mitigate technical, logistical, weather-related, and demand-driven supply chain disruptions? What can we expect in 2022?

Procurement 130

Procurement supply chain budgeting Agile and Lean Supply Chain supply chain software solutions 130

Una

OCTOBER 17, 2023

Frank is the Director of Market Strategy at Cleo, where he is focused on helping companies get ahead and stay ahead despite persistent supply chain complexity. These group purchasing organizations often have contracts with a wide range of suppliers, and they offer their member businesses access to these contracts at discounted rates.

supply chain budgeting 81

supply chain budgeting Real-time Visibility Supply Chain Efficiency Supply chain 81

Supply Chain Opz

NOVEMBER 9, 2014

The list is presented in the order the responses were received in: 1) Andreas Wieland , Assistant Professor at Copenhagen Business School Successful supply chain management means that organizations are well-orchestrated in an end-to-end value network. delivery reliability”), but is that really “supply chain thinking”?

Agile and Lean Supply Chain 109

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 109

Supply Chain Game Changer

OCTOBER 28, 2021

Lieferkettengesetz, and others) encouraging large/enterprise businesses to take responsibility for the entirety of their global supplier networks, increase tier-n compliance and combat poor supply chain visibility. Lastly, the budget is your vehicle. You won’t get far in your transformation without increased capital expenditure.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

SCMDOJO

APRIL 29, 2024

In this comprehensive guide, we’ll explore the key components of supply chain management, best practices, and how they can be tailored to specific industries. We’ll also delve into the importance of technology and data analytics in optimizing supply chain operations.

Supply chain management 98

Supply chain management Supply chain management Agile and Lean Supply Chain supply chain budgeting 98

Zycus Cognitive Procurement

FEBRUARY 14, 2022

The first step to building a resilient supply chain is strengthening your relationships with suppliers. The importance of good relationships with suppliers has never been more important than it is now. This contract needs to ensure there is transparency in the company’s goals and expectations.

Suppliers 52

Suppliers Supply Chain Efficiency Supplier relationship management Vendor relationships 52

Jaggaer

OCTOBER 3, 2024

Next, supplier benchmarking is a really important lever: our customers see significant savings if they continuously review pricing. Cash flow is a further driver of cost, so it is worth analyzing contracts to achieve payment term optimization. We’ve also seen disruptions to supply with shipping being targeted in the Red Sea.

Supply Chain Optimization 52

Supply Chain Optimization Agile and Lean Supply Chain Supply Chain Efficiency Contract 52

Skill Dynamics

OCTOBER 19, 2023

Contract negotiators, on the other hand, have a focus on drafting, reviewing, and negotiating contracts. Their main objective is to ensure that supplier contracts align with the business’s objectives and protect its interests at all times. For instance – improved communication skills or legal contract knowledge.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 52

Supply Chain Game Changer

NOVEMBER 26, 2018

Cost is a very important reason to ensure that you have a robust Freight Management strategy. Supply chain visibility is also incredibly important these days. Too often I have seen companies that fail to grasp the importance of having a strategy. Having a smaller set of preferred suppliers is important.

Strategy 68

Strategy Management Real-time Visibility e2e 68

SCMDOJO

JUNE 14, 2023

Why is 3PL Integration important? Here are some reasons why 3PL integration is essential: Cost savings: By integrating 3PL, businesses can reduce the costs associated with order fulfillment and supply chain management. It also helps Nike to improve its supply chain visibility and agility and reduce its environmental impact.

Supply Chain Efficiency 105

Supply Chain Efficiency Real-time Visibility Supply Chain Optimization Logistics 105

Procurement Software

MAY 9, 2022

Parallel to this, they offer the ability to streamline supplier governance and due diligence activities to cover increasing demands on compliance and supply chain visibility. Studied cases at Kodiak Hub show between 1–3 % loss of brand exposure resulting from a non-compliant supply chain.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Procurement Software

MAY 9, 2022

Parallel to this, they offer the ability to streamline supplier governance and due diligence activities to cover increasing demands on compliance and supply chain visibility. Studied cases at Kodiak Hub show between 1–3 % loss of brand exposure resulting from a non-compliant supply chain.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Procurement Insights

AUGUST 30, 2023

In this test case, the public sector organization realized a year-over-year 23% cost of goods savings for seven consecutive years while simultaneously reducing the number of buyers required to manage the contract to 3 from an original 23. What is important, and within the context of present day realities, what do you think.

Real-time Visibility 52

Real-time Visibility Procurement supply chain software solutions Buyers 52

Procurement Software

MARCH 7, 2023

The key difference is that S2P includes the important stage of strategic sourcing, which is performed before you. Contracts are usually not covered by S2P technology platforms. We’ll cover what’s the difference between S2P and S2C (Source-to-Contract) in an upcoming article. place orders for any goods and services from a vendor.

Sourcing 64

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 64

SCMDOJO

AUGUST 16, 2023

Furthermore, the adoption of cross-docking logistics techniques has enabled Walmart to minimize the need for intermediate storage, leading to reduced handling costs and faster product movement through the supply chain.

Supply Chain Efficiency 98

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 98

Supply Chain Opz

JULY 7, 2014

3) Contract Manufacturing Walmart is best known for EDLP (Everyday Lowest Price) strategy. For some agricultural products, they implement a system called “global direct farm” or a contract farming (manufacturing). So the most important point is that company use the right combination of methods that deliver the best results.'

Supply chain 49

Supply chain Raw materials Supply Supply chain management 49

SupplyShift

APRIL 13, 2021

According to Deloitte’s 2020 Chief Procurement Officer Survey , only 50% of organizations had high visibility into their tier one suppliers, and a staggering 90% reported low or very low visibility beyond tier one. Fortunately, when companies prioritize supply chain visibility, the benefits extend far beyond sustainability itself.

Supply Chain Efficiency 52

Supply Chain Efficiency Sustainability Supply chain Procurement 52

SupplyShift

APRIL 13, 2021

According to Deloitte’s 2020 Chief Procurement Officer Survey , only 50% of organizations had high visibility into their tier one suppliers, and a staggering 90% reported low or very low visibility beyond tier one. Fortunately, when companies prioritize supply chain visibility, the benefits extend far beyond sustainability itself.

Supply Chain Efficiency 52

Supply Chain Efficiency Sustainability Supply chain Procurement 52

Procurement Software

DECEMBER 5, 2022

The key difference is that S2P includes the important stage of strategic sourcing, which is performed before you. Evaluating non-price factors important to your organisational objectives e.g. quality, lead time, sustainability. Contracts are usually not covered by S2P technology platforms. Price, terms and contract negotiation.

Sourcing 52

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 52

Una

JUNE 5, 2024

Building Resilient Supply Chains To Weather Any Storm What does building a resilient supply chain entail? Explore the importance of constructing an entire ecosystem that can easily flex and pivot. Why Do We Need Supply Chain Visibility?

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Real-time Visibility 52

Solvoyo

MARCH 29, 2020

Here are some observations and examples of support Solvoyo initiated: 1) Digital infrastructure is critically important! 2) Real-time visibility is extremely valuable during times of crisis! If you are a supply chain leader at a CPG company, I am happy to provide a free consultation session to discuss your specific challenges.

e2e 40

e2e Supply Chain Optimization Real-time Visibility Agile and Lean Supply Chain 40

Procurify

JUNE 8, 2022

You’ll also want to secure written agreements from any new vendors or understand if any contracts have changed with current vendors. You may be able to get some suppliers to review their internal processes or re-sign their contract. Creating a manageable supply base with supply base rationalization.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Supply 52

SupplyShift

JUNE 19, 2019

In theory, blockchain technology has the potential to bring new levels of integrity and reliability to globe-spanning supply chains. The ownership of an individual asset or process is verified by the network and visible to all. Contracts are programmed into transactions and are therefore unchangeable and automatically enforced.

Sourcing 40

Sourcing Supply Chain Efficiency Supply Chain Optimization Supply chain 40

SupplyShift

JUNE 19, 2019

In theory, blockchain technology has the potential to bring new levels of integrity and reliability to globe-spanning supply chains. The ownership of an individual asset or process is verified by the network and visible to all. Contracts are programmed into transactions and are therefore unchangeable and automatically enforced.

Sourcing 40

Sourcing Supply Chain Efficiency Supply Chain Optimization Supply chain 40

Supply Chain Brain

JUNE 11, 2018

The idea of a virtual, distributed ledger that can serve as an indelible system of record for any number of business transactions between supply-chain partners — well, it’s irresistible. Who wouldn’t want a means of propagating key contract terms and payments, and making certain that they’re accurate and honored?

Supply Chain Efficiency 40

Supply Chain Efficiency supply chain software solutions Supply Chain Optimization Supply chain 40

Supply Chain Brain

MARCH 12, 2018

At the same time, the coding must take into account specific uses within the freight industry, such as the creation of “smart contracts” and the often-contentious issue of detention and demurrage. “It doesn’t matter whether you’re talking about a shipment of freight or a babysitting service.”

Supply Chain Optimization 40

Supply Chain Optimization Contract Supply chain Data 40

Solvoyo

MARCH 29, 2020

Here are some observations and examples of support Solvoyo initiated: 1) Digital infrastructure is critically important! 2) Real-time visibility is extremely valuable during times of crisis! When this crisis is over, more companies will have to design a resilient and robust supply chain.

e2e 40

e2e Supply Chain Optimization Real-time Visibility Agile and Lean Supply Chain 40

Supply Chain Game Changer

NOVEMBER 19, 2018

After a career as CEO, COO, President and Division Head of leading supply chain, manufacturing support, and after-market service organizations, he helps companies assess what they have, determine what they need, and decide what to do. What challenges facing the world are important to you? Never take “no” as the final answer.

Leadership 42

Leadership supply chain software solutions Bill of materials Real-time Visibility 42

Claritum

JULY 5, 2018

I’ve negotiated some preferred supplier contracts, but they struggle to gain adoption. True supply chain visibility means delivering real time information to upstream customers and downstream suppliers. Why are Dashboards important? I know there’s a problem, but don’t have time to sort it out.

Real-time Visibility 36

Real-time Visibility Management Chief Procurement Officer Supply Chain Efficiency 36