Spend Matters

FEBRUARY 5, 2025

Lets start with a few definitions. And this can look even worse when considering the supplier side of the equation. To kick off this series, we would like to set the stage and position the building blocks that subsequent pieces will explore further. Digital transformation: What does it even mean? Lets explore these aspects.

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Supply Chain Game Changer

OCTOBER 8, 2020

Subscribe to Supply Chain Game Changer. The Digital Supply Chain Road is Full of Potholes, Construction and Accidents! Digital Supply Chain predictions article and permission to publish here provided by Michael Gaughan at land-link.com. Digital Supply Chain Predictions. Subscribe Here!

Supply Chain Efficiency 74

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 74

Supply Chain Game Changer

NOVEMBER 19, 2018

Check out Brand Protection – The Definitive Role of the Supply Chain! The Supply Chain function within your company has many responsibilities. Yet often the Supply Chain is undervalued. As such there can be unrelenting pressure to continue to cut costs. Promoting Supply Chain Value.

Agile and Lean Supply Chain 84

Agile and Lean Supply Chain supply chain budgeting Supply chain Raw materials 84

Supply Chain Opz

JUNE 1, 2014

Professionals in supply chain management use various methods to identify best practices to improve the operations. In order to accelerate the learning, this article has gathered 20+ most sought-after supply chain case studies, analyzed/categorized them by industry and the findings are presented.

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Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Supply chain 95

Procurement Express

DECEMBER 24, 2024

Purchasing is about getting the right stuff at the right time from the right suppliers for a fair price without blowing up your budget or your supplier relationships. Throw in approvals, payment terms, shipping costs, sustainability concerns, and maybe a dash of I know a guy supplier loyalty, and suddenly its chaos.

Purchasing 40

Purchasing Purchase orders supply chain budgeting Budget 40

Procurement Tactics

SEPTEMBER 9, 2022

The Kraljic matrix is used by organizations to help them work smartly with their suppliers. The History and Definition of the Kraljic Matrix. The Kraljic matrix was created by Peter Kraljic and first appeared in the Harvard Business Review in 1983 to devise a means to segment the supplier base. . Download Free Whitepaper ?.

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Una

SEPTEMBER 6, 2022

Perhaps the size of your team has been reduced, your function’s operating budget has been cut, or there is an organization-wide drive to eliminate waste and increase efficiency. Reducing paperwork such as lengthy RFP documentation to a lean canvas (otherwise known as a “plan on a page”). By Hugo Britt | September 6, 2022.

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Agile and Lean Supply Chain supply chain budgeting Procurement Procurement strategies 98

SCMDOJO

APRIL 26, 2023

This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money. Now let us provide you with an apt Category Management definition. In this guide, we’ll explore the key principles of category management and how it can benefit your organization.

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Category management Management Supplier relationship management supply chain software solutions 108

World of Procurement blog

JULY 27, 2021

The definition of Procurement is “the process or act of procuring”. We’d even go so far to say that the modern procurement pro doesn’t focus that much time on the actual buying, as roles have grown to focus on Supply Chain Management, Contract Management and Relationship Management. What is Procurement? How to do Procurement?

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Spend Matters

AUGUST 8, 2023

Continuing our series of analyst observations on procurement tech market movements, this week we are considering the shift in CPO priorities towards supply-related risks. So, in 2022 our analysts pooled their knowledge of solution vendors that address third-party supply chain risk. Fraud prevention (i.e.,

Risk management 98

Risk management Risk Management supply chain budgeting 98

Finale Inventory

JUNE 21, 2024

This article aims to provide a comprehensive understanding of raw materials, including their definitions, formulas, types, and importance in the ecommerce industry. Raw materials play a fundamental role in the supply chain of ecommerce businesses. They indicate how effectively raw materials are being utilized and replenished.

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Raw materials Import Supply Chain Efficiency Inventory 52

Finale Inventory

JUNE 21, 2024

This article aims to provide a comprehensive understanding of raw materials, including their definitions, formulas, types, and importance in the ecommerce industry. Raw materials play a fundamental role in the supply chain of ecommerce businesses. They indicate how effectively raw materials are being utilized and replenished.

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Raw materials Import Supply Chain Efficiency Supply Chain Optimization 52

SCMDOJO

FEBRUARY 29, 2024

It is arguably true that supplier performance management is considered a business practice for measuring, analyzing, and managing supplier performance to reduce cost, and risk and also drive continuous improvement. Managing and optimizing a supplier’s performance is as essential as it is difficult.

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Suppliers Management Quality Import 84

Supply Chain Opz

AUGUST 3, 2014

Supply Chain Metrics are one of the most important best practices in supply chain management because " You can''t manage what you can''t measure ". This article will explain to you 7 kind of supply chain metrics that you should pay special attention to. inch +/- 5%). It''s the inventory metric).

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supply chain budgeting Supply chain Inventory control Inventory 63

ivalua

MAY 13, 2020

And procurement and supply chain is suddenly the top priority for organisations – “I’ve never seen a better opportunity in my life to elevate the stature of procurement”, he said. . Ivalua’s mission is “all spend, all suppliers, no compromises”. The opening keynote came from David Khuat-Duy, founder and CEO.

Leadership 26

Leadership supply chain budgeting Supply Chain Optimization Innovation 26

The Good Spending

AUGUST 23, 2022

Therefore, we will give different definitions, not pretend to have found the unilateral value formula. The value creation process includes: quality and customer service, supplier relationship, employee enrichment, community benefit, stockholder reward. Briefly, it is the next step from TCO-based supplier selection.

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Procurement supply chain budgeting Supply Chain Optimization Budget 98

Supply Chain Game Changer

JULY 14, 2021

Subscribe to Supply Chain Game Changer. At the crossroads of sustainability, technology, and the broader supplier base lies smart, sustainable, and scaling supply chain growth; growth that comes with a balance of people, planet, and profitability in mind. CPOs “gave supply chain sustainability a ranking of 7.2

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Sustainability Procurement supply chain budgeting Agile and Lean Supply Chain 98

Supply Chain Game Changer

FEBRUARY 4, 2020

Subscribe to Supply Chain Game Changer. Quantum Leap to the Top 10 Supply Chain Skills of the Future! The phrase “Supply Chain Management” was originally coined by Keith Oliver in 1982 and subsequently gained increasing popularity as its usage was proliferated in books and language.

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supply chain budgeting supply chain software solutions Supply Chain Efficiency Supply chain 67

Finale Inventory

SEPTEMBER 25, 2024

This article will provide a comprehensive definition of lead time, discuss its importance in ecommerce, examine the components that make up lead time, highlight the negative impact of long lead times, and provide strategies to help shorten it. Excess inventory ties up working capital and increases holding costs.

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

Finale Inventory

JULY 22, 2024

This article will cover SKU rationalization, including its definition, benefits, and practical examples in ecommerce. This approach helps businesses align their inventory with customer demand, reduce costs, and enhance overall operational efficiency, leading to improved profitability and customer satisfaction.

Inventory 52

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

Let's Talk Supply Chain

JUNE 5, 2023

Today I’m joined by Logward , an exciting tech brand with a vision of a future where supply chain departments lead the transformation of their industries, instead of simply transporting it. What definitely has changed is the attention and the sense of urgency.” You avoid that by listening properly.”

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supply chain budgeting supply chain software solutions Supply Chain Optimization e2e 59

Finale Inventory

JULY 22, 2024

Anticipation inventory is a key element of supply chain management, where companies strive to balance having sufficient stock to meet customer demand while preventing unnecessary surplus that ties up capital. Supply chain management also plays a significant role. First, accurate sales forecasting is vital.

Inventory 52

Inventory Supply Chain Optimization Supply Chain Efficiency Demand 52

SCMDOJO

JULY 3, 2023

Procurement training equips you to excel in the corporate world by teaching you everything from supplier dynamics to negotiating strategies. Choose between a broad overview of procurement and a focused course that focuses on certain topics like strategic sourcing, contract management, or supplier relationship management.

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Supply Chain Game Changer

JULY 30, 2019

Subscribe to Supply Chain Game Changer. But for those who are professionals working in the Supply Chain field there can be very unique distinctions in this terminology. ” That is the definition in a nutshell. Subscribe Here! Email Address. What’s the Difference Between Logistics and Distribution?

Logistics 72

Logistics Management Supply Chain Optimization Supply Chain Efficiency 72

Una

JUNE 8, 2023

What Makes a Supplier Strategic? Explore what makes a supplier strategic, learn why it matters, and how you can get noticed by supplier partners that are critical to your business. What makes a supplier strategic - and why does it matter? Will production or productivity grind to a halt if you suddenly lose that supplier?

Suppliers 52

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

Procurement Heads

SEPTEMBER 6, 2023

The University of Bath was – and I think still is – a real centre of excellence for Procurement and Supply Chain. That’s something that has definitely stayed with me. You’re a strong proponent of diverse and sustainable supply chains. Could you tell us a bit about your career journey so far?

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Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Sustainability 130

The Good Spending

AUGUST 16, 2022

Why is supply chain collaboration essential? Once, I was asked what makes the supply chain important to a company. Shadow procurement, supply chain, and logistics have become standard for many companies. The supply chain is the most collaborative function in the business.

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Positive Purchasing

NOVEMBER 1, 2023

I have a healthy budget, but am struggling to find the right fit – what would you say to me? New or growing tech businesses must decide whether to spend their limited budgets on product, sales and marketing, or on people. Maybe one of these supplier intelligence portals like a Scoutbee or a TealBook or a HICX?

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Supply Chain Game Changer

NOVEMBER 26, 2018

The concept of the “control tower” is increasingly becoming widespread in Supply Chain Management, and Control Tower technologies are a popular topic right within the supply chain community. Every research firm and vendor has their own definition, but all share the common theme of visibility.

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Finale Inventory

JULY 15, 2024

In this article, we will explore the definitions, formulas, and strategies to achieve a strong inventory turnover ratio in the ecommerce industry. Rapid inventory turnover accelerates revenue generation and reduces costs associated with excess inventory.

Inventory 52

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

Pipefy

MAY 22, 2024

For example, for procurement, total cost of ownership is necessary to determine which supplier offers the better long-term value, which, in turn, helps prioritize investments, negotiate better contracts, and select the most cost-effective vendor or supplier.

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Supply Chain Trend

JUNE 29, 2023

In two articles, based on the webinar “XP&A in action: Enhancing FP&A Agility with Supply Chain Planning” , I will discuss the future of xP&A and supply chain planning. Financial professionals are supported by cloud FP&A solutions to collaborate, budget, plan, and forecast.

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Agile and Lean Supply Chain supply chain budgeting Supply chain Supply 60

Empowering CPO

JUNE 22, 2023

Introduction In an increasingly interconnected global economy, supplier diversity has emerged as a key strategy for companies seeking not only to foster social responsibility and inclusivity, but also to drive innovation, competitiveness, and market growth. This can also highlight areas where supplier diversity can be improved.

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Empowering CPO

JUNE 20, 2023

In the realms of procurement and supply chain management, spend analysis is a game changer. It facilitates better supplier management, identifies savings opportunities, ensures compliance with procurement policies, and provides a clear view of spending patterns and trends.

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Real-time Visibility Data Purchase orders Supply Chain Efficiency 52

Procurement Tactics

JUNE 8, 2023

But first, we will tell you the definition and importance of both terms in the field of procurement. The order can be in the form of a written request or through a digital form submitted to a supplier. Also, purchase orders play a crucial role in budget control. CERTIFICATE COURSES Related courses about this subject 1.

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SCMDOJO

JULY 24, 2023

Contract Logistics is a critical aspect of the supply chain that often remains behind the scenes but plays a significant role in ensuring the efficient movement and management of goods. Contract logistics is a specialized service offered by third-party logistics (3PL) providers to manage supply chain operations on behalf of a company.

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Supply Chain Opz

AUGUST 16, 2013

7 Secrets of Internal Supply Chain Integration. Supply chain management is said to be the integration of internal functions which expand across the companys boundary. Then, this article will provide more details about the internal supply chain integration.

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