SCMDOJO

OCTOBER 23, 2024

In this blog, we will explore and compare the supply chain courses available on both platforms, diving deep into aspects such as focus and specialization, pricing, availability of practical tools, ease of use, and more. Pricing Structure Affordable pricing, with annual access to purchased courses and practical resources through Pro Plan.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Supply chain Supply chain management 52

Procurement Tactics

MARCH 27, 2023

Although it always relates to demand and sales projections, forecasting can also be used to determine product pricing, lead times, labor needs, and more. Demand forecasting can analyze how many products your customers may likely order during a specific week, month, or quarter.

supply chain budgeting 192

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 192

Arkestro

APRIL 23, 2024

Ultimately, margins are tighter, prices are higher, and details matter more than ever before. Geographic Segmentation Geographic segmentation is about analyzing how purchase prices vary across plant locations and geographic areas. In these cases, it’s helpful to perform a looking-back analysis on historical demand forecasts.

Procurement 52

Procurement Procurement team Quality Demand Planning 52

Finale Inventory

JULY 15, 2024

Secondly, effective inventory management involves forecasting and demand planning. By analyzing sales trends and predicting future demand, businesses can ensure they have the right amount of stock on hand at all times. By accurately forecasting demand, you can optimize stock levels and avoid excess inventory or stockouts.

Inventory 52

Inventory Management Order Fulfillment Demand Planning 52

SCMDOJO

APRIL 29, 2024

A well-established sourcing strategy helps businesses secure the best quality materials at the most competitive prices. Demand Planning: Demand planning involves forecasting customer demand based on historical data, market trends, and other relevant factors.

Supply chain management 98

Supply chain management Supply chain management Agile and Lean Supply Chain supply chain budgeting 98

The Good Spending

SEPTEMBER 2, 2023

end-user equipment) where the goods are sourced in batches, and only the price and delivery terms matter. For example, when repeatedly sourcing a product already well-known for its quality and price, the main emphasis is on negotiations, creating competition, and ensuring rhythmic supply.

Sourcing 59

Sourcing Procurement Demand Planning Category management 59

Procurement Tactics

AUGUST 15, 2022

The logical approach for supply chain planning is to look for the result and go back as it often begins with demand planning. . Components of Supply Chain Planning . Demand planning. The chance of producing and stocking sufficient inventory improves when you accurately forecast demand for a product. .

Supply Chain Efficiency 130

Supply Chain Efficiency Supply Chain Optimization Supply chain Supply 130

Supply Chain Brain

MAY 7, 2018

to the complex exercise of pricing. But pricing — given its dependence on a host of ever-changing factors — seems an especially fertile target for the technology. It’s that latter quality that applies to data-heavy disciplines such as pricing. pricing model. “If In its purest form, A.I. Webb sums up the role of A.I.

Price 40

Price Raw materials Supply Chain Optimization Supply chain 40

Supply Chain Game Changer

NOVEMBER 3, 2022

As a result, procurement managers spend a lot of time tracking down vendors, negotiating terms and prices, and working with accounting departments to ensure invoices get paid on time. This systematic approach helps organizations ensure that they’re receiving high-quality materials at a reasonable price from their vendors.

supply chain budgeting 115

supply chain budgeting supply chain software solutions Supply Chain Efficiency Supply chain 115

SCMDOJO

OCTOBER 8, 2024

In today’s complex supply chains, professionals need a broad understanding of everything from procurement to logistics, demand planning, and beyond. The CSCP certification is significantly more expensive compared to other platforms, including SCMDOJO.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Supply 98

SCMDOJO

OCTOBER 8, 2024

In today’s complex supply chains, professionals need a broad understanding of everything from procurement to logistics, demand planning, and beyond. The CSCP certification is significantly more expensive compared to other platforms, including SCMDOJO.

Agile and Lean Supply Chain 97

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Supply 97

SCMDOJO

SEPTEMBER 19, 2024

We have done an in-depth comparison between LinkedIn Learning vs SCMDOJO and CIPS on demand vs SCMDOJO that breaks down features, pricing, and content to help you choose the perfect platform for your learning journey. Coursera shows limited information on the price ranges.

Supply Chain Efficiency 98

Supply Chain Efficiency Supply Chain Optimization Supply chain Supply chain management 98

Supply Chain Trend

SEPTEMBER 7, 2024

unfavorable deviation from the Annual Operating Plan (AOP), and the full year (F14) is projected to be $7.8M Demand & Supply : F14 demand plan is on target with AOP at 63,897 tons. Executive Summary Financial Performance : EBIT Projections : H1 shows a $5.3M unfavorable. Net Sales Value (NSV) gap is $6.4M

Supply Chain Optimization 60

Supply Chain Optimization Supply Chain Efficiency Price Strategy 60

Finale Inventory

JULY 11, 2024

This detailed data helps retailers not only track inventory but also make informed decisions regarding purchasing, pricing, and marketing strategies. This valuable insight enables retailers to forecast demand, plan promotions effectively, and tailor product offerings to meet customer preferences.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Inventory supply chain budgeting 52

World of Procurement blog

APRIL 23, 2024

Supply Chain Lifecycle The supply chain lifecycle consists of several key phases: Planning : This involves the demand planning, supply planning, and overall business strategy. It involves selecting suppliers, negotiating price, delivery terms, and ensuring the supply of quality goods.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

World of Procurement blog

APRIL 23, 2024

Supply Chain Lifecycle The supply chain lifecycle consists of several key phases: Planning : This involves the demand planning, supply planning, and overall business strategy. It involves selecting suppliers, negotiating price, delivery terms, and ensuring the supply of quality goods.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

Spend Matters

AUGUST 15, 2024

Relying on a single vendor poses significant risks, creating single points of failure and reducing leverage in pricing negotiations for IT contracts and software licenses. This dependency also fosters complacency among legacy tech vendors, hindering innovation and regular updates.

supply chain software solutions 109

supply chain software solutions Agile and Lean Supply Chain Supply Chain Efficiency Supply chain 109

Finale Inventory

AUGUST 20, 2024

This method ensures older stock is used or sold before newer stock, reducing spoilage and minimizing the impact of ingredient price fluctuations. Effective communication and negotiation help ensure timely deliveries, access to quality products, and potentially better pricing.

Inventory 52

Inventory Strategy Management Supply Chain Optimization 52

Finale Inventory

SEPTEMBER 17, 2024

To manage overstock, consider sales promotions, discounts, or product bundling to stimulate demand. Use inventory management software to analyze sales patterns and adjust pricing or marketing strategies for slow-moving items. Aligning inventory management with business goals optimizes operations and meets customer demands effectively.

Inventory 52

Inventory Strategy Real-time Visibility Management 52

ivalua

SEPTEMBER 3, 2015

And as time passed, this critical talent has evolved well beyond the ability to squeeze vendors and suppliers down to the lowest price. In Greg’s last blog post , he discussed three areas where supplier collaboration is creating value for the manufacturer from product design through demand planning: innovating, costing, and planning.

Collaboration 173

Collaboration Sourcing Suppliers Management 173

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

JUNE 21, 2023

Procurement and SCM follow the same trajectory where strategic procurement outsourcing encompasses a wide spectrum of activities, encompassing demand and precision management to eProcurement. Procurement outsourcing helps the company secure aggregate demand for multiple customers at the lowest price.

Supply Chain Optimization 105

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 105

Procurement Heads

MARCH 27, 2023

The ongoing impact of inflation and fluctuations in materials pricing continue to have an impact, and it’s increasingly challenging to negotiate because prices are changing significantly within a short period of time. There’s a lack of certainty over Ukraine and any escalation that’s going to happen.

Sustainability 246

Sustainability Agile and Lean Supply Chain Influencing Contract 246

Finale Inventory

SEPTEMBER 19, 2024

Understanding the Concept of Demand Forecasting Demand forecasting is the process of estimating the future demand for a product or service. By analyzing historical data, market trends, and other relevant factors, businesses can make informed decisions regarding production, pricing, and inventory management.

Demand 52

Demand Supply Chain Optimization Inventory Agile and Lean Supply Chain 52

Supply Chain Action Blog

JULY 8, 2021

After a short stint in manufacturing process engineering in another industry, she got interested in the business side of things and moved into supply chain planning, starting in demand planning. Through her affinity for math and her attention to detail, Amanda earned a couple of promotions and is now a senior demand planner.

Demand Planning 40

Demand Planning Demand Supply Chain Optimization Agile and Lean Supply Chain 40

EazyStock

NOVEMBER 17, 2022

The extended sales period sees increased pressure on companies to get ahead on their demand planning and ensure they have the necessary inventory. This year, purchasing teams are also facing continued challenges due to global supply chain and logistics pressures, component shortages, and soaring prices for electricity and fuel.

Purchasing 52

Purchasing Supply Chain Optimization Supply Chain Efficiency Real-time Visibility 52

EazyStock

NOVEMBER 17, 2022

The extended Black Week sales period sees increased pressure on companies to get ahead on their demand planning and ensure they have the necessary inventory. The order parameters are automatically adjusted to ensure sufficient inventory levels cover upcoming demand. Successful sales during this period come down to many factors.

Purchasing 52

Purchasing Supply Chain Optimization Supply Chain Efficiency Real-time Visibility 52

EazyStock

NOVEMBER 17, 2022

The extended Black Week sales period sees increased pressure on companies to get ahead on their demand planning and ensure they have the necessary inventory. The order parameters are automatically adjusted to ensure sufficient inventory levels cover upcoming demand. Successful sales during this period come down to many factors.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Real-time Visibility Inventory 52

IBM Supply Chain Blog

SEPTEMBER 7, 2021

Aside from population-based demand changes, retailers also have been tasked with anticipating demand shifts from increased online shopping, decreased brand loyalty, and other shopping trends. Inventory allocation has never been easy, but a less clear picture of demand makes forecasting, planning and allocation increasingly complicated.

Inventory 52

Inventory Demand Supply Chain Efficiency Management 52

Finale Inventory

JUNE 29, 2022

Sometimes, the government will cause a shortage if they impose a price ceiling on a product or another intervention. To fix a surplus, the government will impose a price floor. A price floor implements a minimum price at which a product should be sold. Finale Inventory Demand Planning. Effects of Shortages.

Inventory 52

Inventory supply chain software solutions Demand Price 52

SCMDOJO

MARCH 19, 2024

This includes implementing lean manufacturing principles and utilizing advanced planning software, so businesses can optimize production processes and minimize waste. Demand Planning and Inventory management Inventory management is crucial for ensuring adequate stock levels and minimizing carrying costs. Grab yours now!

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 98

SCMDOJO

AUGUST 16, 2023

By sharing real-time sales data and demand information, CPFR enables accurate forecasting and demand planning, minimizing information distortion, and promoting synchronized inventory replenishment. Suppliers may resist pressure to reduce prices further to maintain their margins.

Supply Chain Efficiency 98

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 98

ivalua

SEPTEMBER 3, 2015

And as time passed, this critical talent has evolved well beyond the ability to squeeze vendors and suppliers down to the lowest price. In Greg’s last blog post , he discussed three areas where supplier collaboration is creating value for the manufacturer from product design through demand planning: innovating, costing, and planning.

Collaboration 100

Collaboration Sourcing Suppliers Management 100

Una

AUGUST 2, 2022

Character recognition enables the AI to extract key data points such as pricing and timelines, then provide analytics based on this data. AI is also getting better at reading unstructured documents including supplier contracts, with one study revealing that AI read a contract in 26 seconds while human lawyers took 92 minutes. Self-service.

Procurement 98

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

World of Procurement blog

MAY 8, 2024

The goal is to find suppliers capable of delivering based on specifications, pricing, quality, capacity, and other factors. Contract Negotiation After selecting the best supplier, the procurement team negotiates final contract terms like pricing, service levels, delivery timelines, warranties, and other legal and commercial conditions.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Finale Inventory

AUGUST 20, 2024

When you buy in larger quantities, suppliers may offer discounts or lower wholesale prices, saving you on both product costs and transportation expenses. Understanding market trends and pricing structures can also give you an edge in negotiations.

Quantity 52

Quantity supply chain budgeting Inventory Supply Chain Efficiency 52

Let's Talk Supply Chain

JULY 20, 2023

The record talent shortage has been a source of frequent delays and price jumps in recent years. For more than a decade, Zarrin has dedicated her career to finding smarter and more sustainable supply chain planning approaches and technology solutions. And that means more opportunities for fresh industry talent, women included.

supply chain software solutions 98

supply chain software solutions Agile and Lean Supply Chain Supply chain Supply 98