SCMDOJO

FEBRUARY 16, 2025

The Role of Agentic AI in Supply Chains Supply chains are dynamic and complex, requiring continuous decision-making across multiple functions, from procurement and inventory management to logistics and demand forecasting. Analyzes supplier performance, market trends, and contract terms.

Supply Chain Efficiency 72

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 72

Supply Chain Brain

JULY 7, 2023

Inventory levels in the logistics industry , which recorded a score of 42.9 during June 2023, are contracting at the second-fastest rate in LMI history.

Contract 98

Contract Logistics Inventory 98

Supply Chain Game Changer

JANUARY 22, 2021

Featuring Our 10 Best Inventory Management Articles! Small business inventory management tips article and permission to publish here provided by Simcha Michael. Many overwhelming strategies, processes and techniques will come your way if you have to learn and perform inventory management. Subscribe to Supply Chain Game Changer.

Inventory 98

Inventory Management Real-time Visibility supply chain software solutions 98

Procurement Tactics

JUNE 22, 2023

It is also used as a reference for invoicing, inventory management, and other financial and logistical aspects of the procurement process. When making a PO, it is vital to create it carefully, as it becomes a legal contract between the buyer and the seller once the latter accepts it.

Purchase orders 200

Purchase orders Purchasing supply chain software solutions Buyers 200

Supply Chain Brain

JULY 19, 2022

The pandemic and resulting congestion in the supply chain have retailers reconsidering their traditional approach to sourcing and inventory management, says Larry Parker, department chair of transportation and logistics management, supply chain management, reverse logistics and government contracting at the Dr. Wallace E.

Inventory 97

Inventory Strategy Supply chain management Supply chain management 97

Spend Matters

NOVEMBER 14, 2024

They were often given access to resources (manpower, inventory, raw materials, etc.) Just over 90% of Leaders indicated that they capture or monitor the financial benefits that are delivered above and beyond contracted spend for their critical and strategic suppliers. when others were not.

Suppliers 114

Suppliers Raw materials Collaboration Management 114

All Things Supply Chain

MARCH 16, 2022

With the advent of COVID-19 pandemic, supply chains and demand have been massively disrupted and are causing inventory issues, unclear delivery reliability, and a significant risk in single-source supplier circumstances.…

Strategic sourcing 264

Strategic sourcing Strategic sourcing Sourcing Inventory 264

Procurement Tactics

SEPTEMBER 8, 2022

Usually, operation purchasing managers work to enhance contract management, delivery management, and managing any feedback. Thus, requires a system to support real-time inventory reporting, purchasing, and electronic document transmission. Its most important role in the business is to coordinate with other processes and cut costs.

Procurement 226

Procurement Purchase orders Purchasing Strategic sourcing 226

SCMDOJO

OCTOBER 30, 2024

For instance, a student struggling with inventory management concepts can receive supplementary materials, interactive simulations, and one-on-one tutoring sessions tailored to their needs. Conversely, a student who quickly grasps procurement strategies can be challenged with advanced case studies and leadership projects.

supply chain budgeting 97

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 97

ivalua

FEBRUARY 25, 2021

Additionally, a purpose-built solution will enable you to measure and monitor buyer adherence to compliance purchasing, ensuring your team is taking advantage of preferred items and reaping the rewards of the contracts you have in place. Efficient warehouse management. It seems that the era of best-in-class supply chain solutions has arrived.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Spend Matters

NOVEMBER 19, 2024

Risk mitigation requires immediate action and tactical interventions e.g., temporary increase in inventory holding, contracting lanes out of unaffected ports in North America, securing supply at spot prices or optimizing production to extend availability of critical feedstocks.

Risk 111

Risk Strategy Agile and Lean Supply Chain Supply Chain Optimization 111

SCMDOJO

DECEMBER 29, 2024

Moreover, this course offers a comprehensive overview of production and operations management concepts that covers: Process Improvement Quality Control Inventory Management. However, another fantastic thing about this course is that it is FREE. Head over to the course to be a pro at production and operations management.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain KPIs Supply Chain Efficiency Category management 98

Let's Talk Supply Chain

FEBRUARY 27, 2025

Heightened focus on demand forecasting and inventory management. Hear are some strategies to consider: Supplier Negotiations: Regularly ‍review and renegotiate contracts ‍with suppliers to secure better pricing terms. shifts in pricing strategies to maintain profitability.

Supply Chain Optimization 52

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

Arkestro

DECEMBER 5, 2024

Organizations can optimize supplier selection, manage inventory levels, and adjust procurement strategies to align with changing market conditions. It allows procurement teams to proactively generate counteroffers, identify concession points, and optimize contract terms.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply Chain Efficiency Supply chain resilience 52

SCMDOJO

FEBRUARY 26, 2025

Inventory Holding Costs vs. Stock Turnover Warehousing and inventory management involve costs related to storage, depreciation, and obsolescence. CPI can help track whether inventory costs are justified by the value generated through stock turnover. al, negotiating better rates , or consolidating shipments.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Raw materials 52

Supply Chain Dive

FEBRUARY 2, 2023

Two national indices reported an overall industry contraction based on soft demand from customers still working through inventory backlogs.

Inventory 107

Inventory Contract Demand 107

ivalua

SEPTEMBER 28, 2020

Why force a supplier to rekey, when you can have pure electronic invoice data linked to real-time delivery data, capture receipt information all integrated into RFID tracking of inventory, all supported by a Government stamp saying its a real invoice, from a real supplier? . Have we received all the items and what items are outstanding?

supply chain budgeting 237

supply chain budgeting Purchase orders Networking Buyers 237

Procurement Express

MARCH 9, 2025

It serves as a legally binding contract between your business and your vendors. Select items from your inventory list or add new items manually. Make sure your inventory and POs talk to each other Your purchase order system should work with your inventory management processes, not against it.

Purchase orders 52

Purchase orders Purchasing Real-time Visibility Vendor relationships 52

Finale Inventory

JULY 25, 2024

Inventory holding costs play a significant role in operating a successful ecommerce business. The expenses associated with holding inventory can greatly impact a company’s profitability. Definition of Inventory Holding Costs Inventory holding costs are the expenses related to owning and managing inventory.

Inventory 52

Inventory Inventory control Quantity Risk 52

Una

FEBRUARY 15, 2023

GPOs have developed some innovative contracting practice s that offer participating organizations considerable savings and volume discounts. GPOs negotiate favorable contract terms and prices on behalf of their membership. thanks to a variety of inventory management software products available today.

Contract 98

Contract Price Inventory Quality 98

Finale Inventory

JULY 17, 2024

In-transit inventory is critical in ecommerce. For businesses, managing in-transit inventory is necessary to ensure the smooth flow of goods, maintain customer satisfaction, and optimize operations. In-transit inventory refers to goods currently in transit between two points.

Inventory 52

Inventory Real-time Visibility Purchase orders Supply Chain Optimization 52

SCMDOJO

MARCH 6, 2022

Are Blanket Purchase Orders Contracts? It’s easy to get mixed up about when a BPO turns into a contract. It’s also (at times) tough to know when it’s a good idea to sign such a contract. BPOs and contracts appear to be comparable at first look. However, not all contracts are purchase orders.

Purchase orders 138

Purchase orders Purchasing Quantity Contract 138

ivalua

FEBRUARY 8, 2023

Flexibility: Another way to reduce risk is to build flexibility into your supply contracts. This way, you’re not locked into long-term contracts with suppliers who may not be able to meet your needs in the event of a disruption. Perhaps 30 days of inventory isn’t enough in times of crisis, and terms should be updated.

Supply chain resilience 242

Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

Finale Inventory

JULY 22, 2024

In the competitive ecommerce environment, managing inventory costs effectively is key to running a successful business. This article presents various strategies to lower inventory costs and enhance operational efficiency. Recognizing the different costs tied to inventory is vital for applying cost reduction strategies.

Inventory 52

Inventory Strategy Agile and Lean Supply Chain Order Fulfillment 52

Supply Chain Brain

APRIL 30, 2023

To be a success today, contract manufacturers must also offer design expertise, technical assistance, inventory management and logistics services.

Inventory 98

Inventory Contract Logistics Management 98

Jaggaer

FEBRUARY 20, 2025

The term refers to the entire journeyfrom finding suppliers and negotiating contracts to finalizing agreements and making the final payment for goods. This sequence of tasks is sometimes referred to as source to contract, and they form the upstream elements in S2P. Yet in the case of source to pay, it is wholly justified.

Sourcing 52

Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

Procurement Leaders

DECEMBER 9, 2022

Here, CPO Eric Espinasse describes some of the strategies he has employed to manage the market volatility, from building up inventory to advanced segmentation and closer supplier relationships. The other core challenge we face is the time we have to spend on relationship management vs contract optimisation.

Suppliers 147

Suppliers Bill of materials Raw materials Supplier relationship management 147

TYA Suite

OCTOBER 27, 2024

With automated systems, purchase orders can be generated based on predefined criteria, such as inventory levels or specific triggers, ensuring timely and accurate procurement. Effective contract management ensures that all agreements with suppliers are tracked, monitored, and adhered to.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

The Good Spending

APRIL 2, 2023

To do that, we must establish trustful relations with budget owners, master some inventory and consumption forecasting methods, build and maintain complex SKU and price databases, and much more. We must operate the inventory management plan to estimate the inventories at the beginning of the new budget period.

Procurement 98

Procurement Demand Planning Budget Category management 98

Supply Chain Game Changer

MARCH 16, 2022

Accurate forecasting is essential for ensuring that the correct level of inventory is maintained. Supply Chain Contracts. Another area where mathematics can be used is in the negotiation of supply chain contracts. An example of a mathematical model that could be used in supply chain contracts would be the Newsvendor model.

Supply Chain Optimization 100

Supply Chain Optimization Supply Chain Efficiency Supply chain Supply chain management 100

Procurement Tactics

MAY 16, 2023

In a 4PL model, the external provider (also known as the lead logistics provider or LLP) manages and coordinates all aspects of the supply chain , including transportation, warehousing, inventory management, and distribution. This includes checking for new logistics providers, renegotiating contracts, or implementing new software.

Logistics 211

Logistics supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 211

Jaggaer

FEBRUARY 5, 2025

Furthermore, eSourcing software can help review the contract terms and conditions against a predefined checklist to ensure there are no red flags, like missing clauses, discrepancies, or unfavorable terms. This can occur in terms of delivery timelines, quality standards, pricing agreements, or overall service level expectations.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

Una

APRIL 18, 2023

Mark is an experienced procurement leader with a broad area of focus including sourcing, supply management, contracts management, supplier relationship management, risk management, and inventory management. .” In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Mark Trowbridge.

Risk 133

Risk Supplier relationship management Contract management Supply Chain Efficiency 133

SCMDOJO

SEPTEMBER 7, 2024

Warehouses serve as storage facilities, allowing businesses to maintain optimal inventory levels, mitigate the impact of fluctuating demand, and respond swiftly to customer needs. They typically handle large volumes of inventory and prioritize efficient order fulfillment across a wide geographic area.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency Order Fulfillment supply chain budgeting 98

Supply Chain Game Changer

JULY 15, 2021

The time it takes to complete each element of your supply chain affects your inventory planning and cash flow. Suppose you want to facilitate shorter customer times while following lean business management principles and using just-in-time inventory management. Calculating your total lead time is essential in managing your inventory.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Raw materials Supply Chain Optimization Inventory 98

Procurement Tactics

MAY 30, 2023

Rather, they frequently include aspects of supply chain or inventory management. Certifications Numerous certifications are accessible for procurement managers, but it’s worth noting that not all of them exclusively target procurement. If you are looking for courses that give certification, then look no further.

Management 178

Management supply chain budgeting Procurement Negotiation 178

Procurement Templates

JUNE 18, 2023

Here are some strategies and practices that can be implemented: Long-term contracts: Procurement teams can negotiate long-term contracts with suppliers that include price adjustment mechanisms. Contract management: Effective contract management is vital to monitor and enforce agreed-upon pricing and terms.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130