Remove Demand Planning Remove Networking Remove Quality
article thumbnail

Here’s a comprehensive list of the top 100 skills that a Procurement Manager should master

Procurement Templates

Conduct Supplier Assessments: Regularly evaluate supplier performance using scorecards focused on quality, delivery, and cost. Risk Management Actionable Steps: Identify Risks: Develop a checklist of potential procurement risks, such as supply chain disruptions or quality issues. SAP, Oracle) Procurement software (e.g.,

article thumbnail

Cross Purposes: Does demand planning belong with merchandising or supply chain?

The Network Effect

Then I proceeded to describe the differences in skill sets, business relationships and aptitudes between a Demand Planner and a Supply Planner. Who does the Demand Planning group report to?”. The goal of the demand planning process is to create a sales forecast that is as accurate and unbiased as possible.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Building Stronger Relationships: Effective Approaches to Multi-Tier Supplier Collaboration

Jaggaer

Collaboration across Tier 1, Tier 2, Tier 3, and beyond requires visibility and communication regarding capacity, cost, risk, order quantities, inventory levels, quality , timelines, logistics, and more. Work collaboratively with suppliers in real time to improve parts and material quality while responding quickly based on demand forecasts.

article thumbnail

How Did AI Hurt Red Lobster But Help ALDI?

Procurement Insights

Kenny’s decision came “in apparent coordination with Thai Union and under the guise of a ‘quality review,’” Red Lobster said. Under Kenny, Red Lobster also cut two of its longtime shrimp suppliers— and competitors to Thai Union — to purchase more shrimp from Thai Union at higher costs, according to Red Lobster’s bankruptcy filing.

article thumbnail

A Demand Plan Sanity Check: Five Best Practices

Supply Chain Action Blog

There is a process that is fast becoming a necessary and key component of both demand planning and sales and operations planning. I have heard it described as “forecastability”and “demand curve analysis”, among other terms, but, here, I will call it a “Demand Plan Sanity Check” or DPSC for short.

article thumbnail

The Big Interview with Lorna Baker

Procurement Heads

I see procurement very much as being a facilitator of relationships between internal businesses and business partners and the market so that we can actualise savings, improve demand planning and help our customers become more informed so that they understand their options and make better decisions.

article thumbnail

The Role of IT in Supply Chain!

Supply Chain Game Changer

This tool allows you to exchange electronic documents like orders, invoices, and shipping notices via an electronic data network (EDN). This systematic approach helps organizations ensure that they’re receiving high-quality materials at a reasonable price from their vendors. Demand Planning. Procurement Management.