Procurement Leaders

DECEMBER 9, 2022

We are proactively communicating with top management to provide a heads-up in terms of financial target planning and support for action planning – both in terms of macro updates and raw-material price impacts. Finally, we work extremely closely with suppliers to reduce the impact of inflation.

Collaboration 162

Collaboration Supply Chain Efficiency Raw materials Supplier relationship management 162

Spend Matters

SEPTEMBER 25, 2024

Enterprise IT buyers face unique challenges and complexities due to lack of pricing transparency, increasingly high volumes of contract renewals and generally overwhelmed procurement teams. That can amount to a significant expenditure for mid-size and large companies, underscoring the importance of effective management tools.

Vendor relationships 116

Vendor relationships Buyers Market analysis Cost optimization 116

SCMDOJO

FEBRUARY 21, 2025

Heres how: Diversifying the Supplier Base to Reduce Dependency Risks Implementing Risk Assessment & Contingency Planning Balancing Cost Optimization with Resilience Strengthening Supplier Relationships & Collaboration Leveraging Technology & Data-Driven Procurement What Are the Benefits of Refining Your Procurement Strategy?

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 59

IBM Supply Chain Blog

MAY 12, 2023

However, AWS S3 does come with its own set of challenges, particularly when it comes to S3 pricing. As AWS S3 usage grows, so does the cost; managing AWS S3 pricing can be complex and frustrating, especially when you’re trying to optimize your business.

Price 52

Price Management Real-time Visibility Data 52

SCMDOJO

FEBRUARY 26, 2025

indicates cost inefficiency, signaling a need for supplier negotiations or alternative sourcing strategies. Logistics and Freight Cost Optimization CPI can help measure transportation cost efficiency, ensuring that freight and shipping expenses remain within the planned budget. A CPI of 0.83

supply chain budgeting 52

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

Finale Inventory

AUGUST 4, 2024

In ecommerce, pricing strategies are vital for business success. Two common approaches to pricing are markup and margin. While these terms may seem similar, they have distinct differences that are important for making informed pricing decisions. It involves determining the desired profit margin and applying it to the cost price.

Price 52

Price Strategy Inventory Import 52

Procurement Templates

JUNE 18, 2023

ChatGPT Inflation refers to the general increase in prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. When consumers have more money to spend, they compete for limited goods, driving prices up. What is inflation?

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Procurement Insights

MARCH 16, 2025

Contextualized Spend Analysis & Cost Optimization AI models use MCP to remember previous spend categories, budget constraints, and organizational purchasing behavior. pricing trends, geopolitical risks) and contextually compare it with internal procurement data. compliance violations, cost overruns).

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

Let's Talk Supply Chain

FEBRUARY 12, 2025

Implementing Cost Optimization Strategies: Conducting a thorough cost analysis to identify areas for efficiency improvements and enduring cost reduction initiatives. The potential impacts on supply chains, pricing, and competitiveness raise red flags for stakeholders moving forward.

Raw materials 52

Raw materials Supply Chain Optimization Supply Chain Efficiency Supply chain 52

SCMDOJO

DECEMBER 14, 2023

They engage with suppliers on behalf of the client, discussing pricing, payment terms, delivery schedules, and other critical aspects. Whether it’s hammering out pricing details or establishing beneficial payment terms, their negotiation skills can make a significant impact on your bottom line.

Sourcing 104

Sourcing Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 104

SCMDOJO

FEBRUARY 5, 2025

Targeted Learning: SCMDOJO offers a range of courses and learning paths focusing on specific procurement areas, such as e-auctions, contract negotiation, cost optimization, and supply chain resilience. SCMDOJO Procurement Track Cost The SCMDOJO Procurement Track offers a comprehensive learning experience for a one-time fee of $1447.

Procurement 59

Procurement Real-time Visibility supply chain budgeting Supply Chain Optimization 59

SCMDOJO

AUGUST 28, 2024

Reduced Costs: Optimized warehousing practices minimize storage costs, optimize inventory levels, and streamline picking and packing processes, leading to significant cost savings. This leads to higher customer satisfaction and loyalty.

Real-time Visibility 98

Real-time Visibility Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 98

Procurement Templates

MARCH 3, 2024

This involves assessing suppliers’ capabilities, pricing, quality standards, and reputation. This involves categorizing expenditures, identifying top suppliers, analyzing price variances, and assessing demand patterns. Prioritisation of Needs : Not all needs may be equally urgent or important.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Skill Dynamics

FEBRUARY 11, 2025

Theyll need to study clauses around areas such as pricing, indemnification, and dispute resolution. For example, negotiatiating effectively can help secure better terms and pricing from your suppliers, leading to stronger overall cost optimization.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply Chain Optimization Supply chain 52

SCMDOJO

SEPTEMBER 24, 2024

Importance of Make vs Buy in Supply Chain The Make vs Buy Analysis is critical for optimizing supply chain operations. Here’s why it matters: Cost Optimization : Internal manufacturing may involve higher upfront investments, but it can reduce long-term production costs.

Supply Chain Efficiency 98

Supply Chain Efficiency supply chain budgeting Supply chain management Supply chain management 98

Arkestro

JANUARY 4, 2023

“Particularly for procurement, there will be increased reliance on tools and services that can create and foster supply chain resilience, cost optimization, and agility,” Mellot added. As procurement teams begin 2023, they must plan for resilience, speed, cost optimization, sustainability, and clarity.

Supply Chain Optimization 104

Supply Chain Optimization Procurement team Agile and Lean Supply Chain Supply Chain Efficiency 104

Jaggaer

OCTOBER 24, 2024

This is often tricky, but here are some broader categories to target: Cost optimization : On the surface, your efforts might not appear to be the cheapest. However, establishing supply continuity, improving the customer experience, and minimizing risk across multiple supplier tiers can pay untold dividends.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

IBM Supply Chain Blog

MAY 1, 2023

In this blog post, we will review the various methods of GCP cloud cost management, what problems they address and how GCP users can best use them. GCP Compute Engine allows customers to purchase and renew resource-based committed-use contracts or commitments in return for heavily discounted prices for VM usage.

Supply Chain Optimization 79

Supply Chain Optimization supply chain budgeting Budget Cost optimization 79

Procurement Tactics

JUNE 7, 2023

Collaborative efforts streamline processes, optimize supply chain operations, and identify cost-saving opportunities, leading to improved efficiency and shared cost optimization. Additionally, GEP SMART provides vendor collaboration dashboards, allowing suppliers to manage their profiles, catalogs, and pricing.

supply chain software solutions 130

supply chain software solutions Collaboration Suppliers Supply Chain Efficiency 130

SCMDOJO

JUNE 6, 2024

Affordable Pricing: The program offers competitive pricing and value compared to traditional university programs or in-person training. Deepen Your Expertise: As you progress, delve into specialized topics like cost optimization, risk management, and supply chain sustainability.

Procurement 105

Procurement Supply Chain Optimization Supply Chain Efficiency Ethics 105

IBM Supply Chain Blog

JUNE 19, 2023

In general, deglobalization will lead to higher costs for businesses in these geographies because it requires them or their suppliers to invest in processing and manufacturing facilities and pay higher wages to local workers.

Risk 77

Risk Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 77

IBM Supply Chain Blog

MARCH 6, 2024

Additionally, without proper monitoring and optimization, ongoing cloud usage costs can escalate rapidly, leading to budget overruns and financial strain. Vendor lock-in Vendor lock-in causes organizations to risk becoming dependent on a single cloud provider’s proprietary services, APIs and pricing models.

Strategy 73

Strategy Data Price Cost optimization 73

IBM Supply Chain Blog

JUNE 11, 2024

Paths beyond VMware The impact of acquisition : A 2023 Forrester study (link resides outside ibm.com) predicts that 20% of VMware clients will move away from VMware stack due concerns around price increases, limited customer support and a mandatory requirement for subscription to software bundles —all of which are a result of the acquisition.

e2e 66

e2e Cost optimization Innovation Real-time Visibility 66

Procurement Insights

JANUARY 3, 2025

Cost Optimization under Pressure : Economic pressures and the need for IT budget optimization highlighted procurements ability to drive savings without compromising quality. There was greater emphasis on total cost of ownership (TCO) rather than just initial price savings.

Agile and Lean Supply Chain 52

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

Supply Chain Game Changer

AUGUST 16, 2022

And this, in the long run, means fewer costs. Optimizing workflows for metal processing companies. For metalworking companies, there are many opportunities in the field of process optimization. Another advantage of waterjet cutting is that no heat is introduced when pre-cutting tapped holes.

Supply Chain Optimization 92

Supply Chain Optimization Innovation Supply chain Quality 92

IBM Supply Chain Blog

JANUARY 30, 2024

While the pay-per-usage model associated with cloud services is designed to control cloud spend, unexpected costs can crop up due to the difficulty of tracking different CSP pricing structures, overlooked data egress fees and more. Control shadow IT with visibility across multiple clouds.

Strategy 91

Strategy Real-time Visibility Data Risk 91

SCMDOJO

DECEMBER 11, 2023

Item Details and Total Cost: Description, Quantity, and Unit Price: Specifics of the items or services, including descriptions, quantities, and unit prices. Total Cost: The overall cost of the purchase order, calculated based on quantities and unit prices.

Supply Chain Efficiency 21

Supply Chain Efficiency Purchase orders Procurement Bidding 21

Empowering CPO

FEBRUARY 23, 2024

As businesses seek agility, cost optimization, and data-driven decision-making, AI-powered solutions are becoming indispensable for procurement professionals. Market Monitoring: AI continuously monitors market dynamics, pricing fluctuations, and geopolitical events.

Procurement 52

Procurement Ethics Agile and Lean Supply Chain Supply Chain Optimization 52

Empowering CPO

JUNE 26, 2023

Cost Pressures: Healthcare organizations face significant cost pressures due to factors such as rising drug prices, expensive medical equipment, and the need to attract and retain skilled healthcare professionals. These cost pressures necessitate a strategic approach to spending and resource allocation.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Supplier consolidation 52

SCMDOJO

JUNE 6, 2023

Cost Optimization & Spend Analysis Data analytics can help analyze spending patterns throughout a business’s supply chain. Data-driven insights can also help detect opportunities for cost optimization. And by doing so, they can identify potential failures before they even occur.

Supply Chain Optimization 72

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency supply chain software solutions 72

SCMDOJO

JULY 24, 2023

These providers have established networks, infrastructure, and economies of scale that enable them to operate more efficiently and cost-effectively. By leveraging their capabilities, businesses can reduce transportation costs, optimize inventory levels, and minimize warehousing expenses.

Contract 98

Contract Logistics Supply Chain Efficiency Supply Chain Optimization 98

IBM Supply Chain Blog

NOVEMBER 10, 2023

But there’s another option: cloud management platforms and FinOps to better manage costs. In this blog, we’ll look at five simple ways to optimize spend with IBM Turbonomic — a hybrid cloud cost optimization platform and the “Ops” in FinOps — while still leveraging the elasticity of the cloud.

Demand 67

Demand Purchasing Cost optimization Budget 67

IBM Supply Chain Blog

DECEMBER 20, 2023

Evaluate overall costs Bear in mind that cloud service providers offer different pricing models and service levels to help you align cloud IT resources and costs with application needs and business value. Cloud cost-optimization software tools can help monitor workload demands for maximum cost-efficient performance.

Strategy 93

Strategy Real-time Visibility Data e2e 93

IBM Supply Chain Blog

MAY 17, 2024

IaaS customers receive compute, network and storage resources on an on-demand, over the internet, pay-as-you-go pricing basis. There is full commitment from leadership and team focus revolves heavily around cloud cost optimization. Repeatable: Organizations at this stage have begun to make more investments in the cloud.

Real-time Visibility 96

Real-time Visibility Strategy Data Networking 96

IBM Supply Chain Blog

AUGUST 16, 2023

A comprehensive, intelligent cloud strategy done correctly often costs less than on-premises data centers and can unlock significant value for both incumbent organizations and startups alike. Proper financial management requires FinOps—a combination of financial personnel and DevOps.

Real-time Visibility 64

Real-time Visibility Budget Cost optimization Demand 64

Arkestro

OCTOBER 10, 2023

Then we’ll discuss how AI and other innovative technologies are removing current complexities, allowing oil and gas companies to reduce costs, optimize supply chains, and make data-driven decisions. In April 2020, oil prices dropped from $18 a barrel to roughly -$37 a barrel , going negative for the first time ever on record.

Agile and Lean Supply Chain 52

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

Procurify

AUGUST 11, 2022

Recession planning involves cutting costs, optimizing cash flow, inventory management and foolproofing operations. As well as securing incoming cash, you need to restructure pricing. Inflation has already prompted many businesses to increase their fees or prices. So, what can you do to prepare for a recession?

supply chain budgeting 52

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