Procurement Tactics

JUNE 8, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Inventory Management — Everything You Should Know Inventory management enables companies to ensure that they always have enough stock to fulfill customer orders. However, what is it?

Inventory 187

Inventory Management Real-time Visibility Inventory control 187

Procurement Tactics

MARCH 27, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Supply Chain Forecasting — Everything You Should Know Supply chain forecasting is about making predictions from both past and present information. Thus, why it is critical to the success of an organization.

supply chain budgeting 192

supply chain budgeting Supply Chain Optimization supply chain software solutions Agile and Lean Supply Chain 192

Procurement Tactics

AUGUST 15, 2022

33 Procurement Interview Questions in 2022. Supply Chain Planning — The Ultimate Guide of 2022. Supply chain planning helps organizations to meet customer demands efficiently. However, to achieve this, you will need to have effective supply chain planning. . What is Supply Chain Planning? Demand planning.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply Chain Optimization Supply chain Supply 130

ivalua

JULY 27, 2015

It’s true that the mental models and naming conventions we have been using to define procurement processes and categorize solutions are limited in definition, business process coverage, and scope. Perhaps it is time for a more comprehensive description. I’m going with Supplier Value Management.

Leadership 149

Leadership Suppliers Strategic sourcing Strategic sourcing 149

Procurement Tactics

JUNE 6, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Inventory Forecasting — Everything You Should Know Inventory forecasting allows you to predict when supply chains and consumer demand are going to change. However, what is it?

Inventory 170

Inventory Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 170

Procurement Heads

APRIL 27, 2023

Andrew’s career started in supply chain and M&A roles in Unipart Group, before moving to Royal Mail where he was part of the procurement leadership team that transformed the function, achieving CIPS Gold accreditation in the process. Collaboration and stakeholder engagement are much-used terms within procurement teams.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply chain Stakeholder engagement 130

Procurement Heads

APRIL 27, 2023

Andrew’s career started in supply chain and M&A roles in Unipart Group, before moving to Royal Mail where he was part of the procurement leadership team that transformed the function, achieving CIPS Gold accreditation in the process. Collaboration and stakeholder engagement are much-used terms within procurement teams.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply chain Stakeholder engagement 130

The Good Spending

SEPTEMBER 2, 2023

Integrated solution as a guarantee of competitive advantage A significant difference in IT procurement is associated with a change in the paradigm of competitive advantage in the conditions of Industry 4.0. A few years ago, companies purchased printers, consumables, and technical support as separate products and services to support printing.

Sourcing 59

Sourcing Procurement Category management Demand Planning 59

Spend Matters

AUGUST 15, 2024

This article explores critical frameworks that procurement and supply chain teams use to implement transformational projects, ensuring long-term benefits beyond immediate crises. The reality is that changing the prevailing mindset and culture around digital procurement and supply chain technology in large enterprises has been far from easy.

supply chain software solutions 115

supply chain software solutions Agile and Lean Supply Chain Supply Chain Efficiency Supply chain 115

SCMDOJO

JULY 13, 2022

National Association of Educational Procurement. Jobsinlogistics.com is the first and largest online logistics job board specializing in career opportunities in logistics, supply chain, distribution, transportation, warehousing, freight forwarding, manufacturing, purchasing, and inventory management. Michael Page. Naukri Gulf.

Supply chain 138

Supply chain Supply Supply chain management Supply chain management 138

Procurement Heads

AUGUST 11, 2022

When did your interest in procurement and supply chain begin? Here I am, 18 years later having led major procurement transformations in three international companies: British American Tobacco, Heineken and Nestle. Soon after, a great opportunity came with Heineken global procurement whose headquarters is in Amsterdam.

supply chain budgeting 130

supply chain budgeting Supply Chain Efficiency Supply chain Leadership 130

Spend Matters

MAY 8, 2023

One consideration is the range of scenarios direct procurement encompasses, which can vary significantly from one customer to the next. prior to P2P execution) and/or downstream activities, new or existing products, procurement and/or supply chain functions, etc. The specific processes and needs involved may include upstream (i.e.,

Spend management 100

Spend management Management Real-time Visibility Collaboration 100

Arkestro

APRIL 23, 2024

Resources / Blog / Embracing AI and Predictive Procurement to Overcome Industry Challenges Embracing AI and Predictive Procurement to Overcome Industry Challenges Today’s procurement teams are faced with a host of challenges: Managing more spend with fewer headcount. Enhancing supplier performance.

Procurement 52

Procurement Procurement team Quality Demand Planning 52

SCMDOJO

JUNE 21, 2023

SCaaS offers a solution by enabling hospitals to engage in strategic procurement, ensuring standardized operations throughout the contract duration. Two fundamental questions arise: the definition of procurement outsourcing and the most efficient approach to its implementation.

Supply Chain Optimization 105

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

Supply Chain Game Changer

JULY 21, 2021

Procurement Cost. The cost of procurement includes not just the purchasing cost of inventory that is negotiated with suppliers, but it also includes hidden costs related to transportation, negotiation, duties and more. Inventory Turnover (Cash). Cash to Cash Cycle Time (Cash).

Supply Chain KPIs 98

Supply Chain KPIs supply chain budgeting Supply Chain Efficiency supply chain software solutions 98

SCMDOJO

DECEMBER 14, 2023

Limited Scope: Offers a more focused and individualized approach to the procurement process. Diverse Expertise: Leverages collective knowledge and resources for a more comprehensive and streamlined procurement process. READ MORE ON: “STRATEGIC SOURCING VS. PURCHASING – 7 KEY DIFFERENCES” at our website SCMDOJO!

Sourcing 104

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

World of Procurement blog

MAY 8, 2024

What is Procurement? Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. Purchasing is more transactional and tactical. Scope : Procurement spans the entire process from identifying requirements to contract closure. Purchasing's value-add is more limited.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Insights

MAY 26, 2024

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. Thai Union exercised an outsized influence on the Company’s shrimp purchasing,” Red Lobster alleged in its bankruptcy filing.

Supply Chain Efficiency 89

Supply Chain Efficiency Supply Chain Optimization Supply chain Networking 89

Jaggaer

OCTOBER 24, 2024

Work collaboratively with suppliers in real time to improve parts and material quality while responding quickly based on demand forecasts. Seeing past Tier 1 can be challenging for many companies, even with the most advanced planning platforms.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

Arkestro

JANUARY 4, 2023

In 2022, procurement faced challenges on multiple fronts. Eager to reduce administrative busywork, procurement teams are treating the permacrisis as an opportunity to make long-sought changes along a digital journey. Procurement has had massive challenges and targets over the past year: Managing inflation.

Supply Chain Optimization 104

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

ivalua

JULY 27, 2015

It’s true that the mental models and naming conventions we have been using to define procurement processes and categorize solutions are limited in definition, business process coverage, and scope. Perhaps it is time for a more comprehensive description. I’m going with Supplier Value Management.

Leadership 100

Leadership Suppliers Strategic sourcing Strategic sourcing 100

SCMDOJO

JANUARY 17, 2024

Planning roles include: A supply chain planner analyzes performance and improves processes. A demand planner estimates the future demand for given products. (Do Do check out our Demand Planning Ultimate Guide ) A production planner ensures the required manufacturing output meets the demand.

Supply chain management 98

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

NLPA (Next Level Purchasing Association)

JUNE 23, 2022

Link strategic planning with day-to-day sales and operational activities. It is a multi-step process involving demand planning, supply planning, middle and top management meetings resulting in decision-making and authorization. The 5-step eS&OP planning process includes: Step 1 – Data Gathering.

Demand Planning 52

Demand Planning Demand supply chain budgeting Strategic planning 52

Supply Chain Game Changer

NOVEMBER 13, 2018

Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more. SCM #SupplyChain #Technology #Logistics #Freight #Purchasing #Procurement #Business. Source: [link] ).

Supply chain management 72

Supply chain management Supply chain management Supply Chain Optimization supply chain software solutions 72

NLPA (Next Level Purchasing Association)

MAY 7, 2023

The executive component of S&OP is the eS&OP, where top management, middle managers, and specialists meet to balance supply and demand, align operational and financial planning, connect strategic planning with day-to-day sales and operations, and establish policy, strategy, risk, and budget changes via a disciplined discussion.

supply chain budgeting 52

supply chain budgeting Demand Strategic planning Demand Planning 52

Supply Chain Game Changer

AUGUST 26, 2021

Every single organization I have been a part of has been dependent on Excel spreadsheets for order tracking and expediting – and in some cases – even demand planning. Buyers and expeditors alike tend to place Purchase Orders with suppliers and then check the box as if the task is complete. PO Placement ?

Supply Chain Visibility 103

Supply Chain Visibility Real-time Visibility e2e Agile and Lean Supply Chain 103

SCMDOJO

NOVEMBER 17, 2023

We enable them by providing high-quality supply chain on-demand courses, guides, best practices, tools, and mentoring from industry experts. We have Courses like S&OP deployment, Supply Chain Digitalization , , and Negotiation in Procurement.

Agile and Lean Supply Chain 98

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

Supply Chain Game Changer

JULY 31, 2019

Procurement – the effective purchasing of raw materials, back-office goods and professional services – as well as Logistics – the orchestration of the movement of those goods – might not seem to be as important as sales, marketing, R&D or finance at first blush. what sort of 3 rd party logistics solution will you look to leverage?),

Supply Chain Efficiency 72

Supply Chain Efficiency Supply chain Supply chain management Supply chain management 72

IBM Supply Chain Blog

FEBRUARY 19, 2024

Why supply chain management matters Supply chain management involves coordinating and managing all the activities involved in sourcing , procurement, conversion and logistics. Ethical sourcing involves ensuring that the products and services a company procures are produced under fair, safe and environmentally friendly conditions.

supply chain software solutions 81

supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 81

SCMDOJO

AUGUST 16, 2023

The ability to analyze this data enables the retail giant to make informed decisions on product procurement, inventory management, and demand forecasting. One of the key elements of the EDLC policy is the direct procurement of items from suppliers, eliminating intermediaries in the process.

Supply Chain Efficiency 98

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

SCMDOJO

MAY 30, 2024

Supply Chain Department – A Typical Structure Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities The Purpose of the Logistics Department Structure A well-structured logistics department is essential for any organization that deals with product movement and delivery.

Logistics 98

Logistics Supply Chain Optimization Order Fulfillment Inventory 98

Supply Chain Game Changer

NOVEMBER 10, 2018

Sixty-five percent of procurement practitioners say procurement at their company is becoming more collaborative with suppliers, according to The Future of Procurement, Making Collaboration Pay Off, by Oxford Economics. Leadership #SupplyChain #Business #SCM #Procurement #Purchasing.

Collaboration 66

Collaboration Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 66

Supply Chain Game Changer

NOVEMBER 23, 2018

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. The field is becoming more digital, with end-to-end planning and blockchain technologies transforming the way products are coming to market. Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Infographic) .

Supply Chain Efficiency 49

Supply Chain Efficiency Supply chain Supply Logistics 49

Supply Chain Game Changer

MARCH 23, 2021

When a Procurement team is asked to find a new supplier to perform a particular service or supply a specific type of components, parts or materials there are a large number of steps required to bring this result to fruition. New Supplier and Materials Set Up. Customer Order Commitment. Warehouse Order Fulfillment.

Supply Chain Efficiency 64

Supply Chain Efficiency Supply chain Real-time Visibility Supply 64

SCMDOJO

APRIL 4, 2023

Purpose of SCM Analytics Supply chain analytics aims to provide insight and extract value from the large amounts of data associated with the procurement, processing, and distribution of goods. It is an essential element of supply chain management. What are some examples of Supply Chain Analytics?

Supply Chain Analytics 111

Supply Chain Analytics Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 111

Empowering CPO

JUNE 27, 2023

Introduction In the complex world of procurement, where every penny counts, gaining a deep understanding of your organization’s spending habits is crucial to unlocking value and maximizing savings. Why is spend analysis so important in procurement? Imagine trying to navigate a labyrinth without a map or compass.

Procurement 40

Procurement Supply Chain Optimization Supplier consolidation Suppliers 40

Finale Inventory

SEPTEMBER 19, 2024

Key Terminology in Demand Forecasting Before examining the different types of demand forecasting, it’s important to familiarize ourselves with some key terms commonly used in this field. Demand: The quantity of a product or service that customers are willing to purchase at a given price and time.

Demand 52

Demand Supply Chain Optimization Inventory Agile and Lean Supply Chain 52