SCMDOJO

OCTOBER 30, 2024

For example, a student might work on a project that involves analyzing sales data to predict future product demand, thereby learning how to adjust procurement strategies accordingly. Through these collaborative exercises, learners develop essential soft skills such as communication, negotiation, and conflict resolution.

supply chain budgeting 97

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

Spend Matters

OCTOBER 24, 2024

The engineers write up their specifications and send it to procurement; procurement sends it out, gets the quote back from suppliers and returns it to the engineers. It’s a continuous loop for one part, and there are always questions because suppliers do not always understand the specifications. “So, It’s not one loop, though.

e2e 119

e2e Data interpretation Buyers Data 119

Empowering CPO

JUNE 27, 2023

It provides invaluable insights into spending patterns, supplier performance, and opportunities for cost optimization. At its core, spend analysis empowers businesses to unlock the hidden potential within their procurement data, leading to improved cost savings, supplier management, and overall procurement performance.

Procurement 52

Procurement Real-time Visibility Supply Chain Optimization Procurement strategies 52