ivalua

SEPTEMBER 3, 2015

Historically, if you asked sourcing leaders to name the one competency they felt they needed their procurement and sourcing teams to master in order to achieve ongoing sourcing and supplier management success, most would likely have said negotiation skills. It requires the building of trust and the development of shared goals.

Collaboration 100

Collaboration Sourcing Suppliers Management 100

SCMDOJO

DECEMBER 14, 2023

In the global world of businesses, companies often seek help from sourcing agencies to figure out how to get the things they need. But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s explore this world of sourcing agencies and understand what they do.

Sourcing 104

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

Procurement Tactics

AUGUST 15, 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. . For this article, we will show you steps on how to create a successful supply chain plan. ENROLL NOW.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply Chain Optimization Supply chain Supply 130

ivalua

JULY 27, 2015

attempt to make a point about the relative value of strategic sourcing, I failed to realize that thought leadership is apparently the exclusive domain of pundits. Going forwards, customer-of-choice behaviors like sharing demand plans, collaborating on cost savings and jointly developing intellectual property are deepening their roots.”.

Leadership 149

Leadership Suppliers Strategic sourcing Strategic sourcing 149

The Good Spending

APRIL 2, 2023

Where's the procurement planning when you need one? Once, we wrote about demand management in this blog. It's a good enough topic, which misses one crucial element - demand management mastery comes after sophisticated planning. In some companies (and I'm quoting my own experience), procurement planning barely exists.

Procurement 98

Procurement Demand Planning Budget Category management 98

Skill Dynamics

JANUARY 9, 2025

Capability 1: Demand Forecasting and Planning Accurate demand forecasting allows a business to optimize inventory levels, reduce costs, and improve its overall customer satisfaction. It means theres always the correct amount of stock available to meet customer demands, without the risk of overstocking.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Supply chain 52

Jaggaer

APRIL 9, 2025

Supply chain processes include procurement from source to pay, together with inbound logistics, production, quality control, outbound logistics and post-sales service. If any link in the chain becomes broken, disjointed, or inefficient, the business becomes less likely to keep up with customer demand.

Agile and Lean Supply Chain 52

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

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? What is Inventory Forecasting?

Inventory 170

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

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

SCMDOJO

APRIL 29, 2024

From sourcing raw materials, manufacturing, and storage, to transportation and distribution, SCM ensures efficiency and cost-effectiveness throughout the entire journey. A well-managed supply chain enables businesses to respond swiftly to market demands, mitigate risks, and seize growth opportunities.

Supply chain management 98

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

Supply Chain Game Changer

MAY 31, 2022

Like my toilet paper example, families stockpiled baby formula leading to short term spiked demand, followed by a lack of demand leading to production cuts, followed by a rebound in demand for which production capacity has not been restored. This is a recurring story across many commodities. Trade Policy.

Supply chain 123

Supply chain Supply Real-time Visibility Demand 123

Jaggaer

OCTOBER 24, 2024

Here are key strategies to take you there: Utilizing technology platforms : Next-generation source-to-pay (S2P) platforms should offer integrated—not isolated or siloed—supplier management capabilities to make supplier information available across all business functions.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

ivalua

AUGUST 18, 2015

Let’s examine three ways that better collaboration with supply partners creates value for a manufacturer from product design through demand planning. If you work in strategic sourcing and supplier management, supplier collaboration enables you to achieve (or beat!) Innovating.

Collaboration 100

Collaboration Suppliers Bill of materials Supply Chain Efficiency 100

Arkestro

DECEMBER 26, 2024

By automating routine work, procurement professionals can focus on high-impact tasks like strategic sourcing and relationship building with key suppliers. Its estimated that 87% of organizations are now using e-procurement technology, and 75% of organizations plan to implement e-procurement tools within the next four years.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

ivalua

JULY 27, 2015

attempt to make a point about the relative value of strategic sourcing, I failed to realize that thought leadership is apparently the exclusive domain of pundits. Going forwards, customer-of-choice behaviors like sharing demand plans, collaborating on cost savings and jointly developing intellectual property are deepening their roots.”.

Leadership 100

Leadership Suppliers Strategic sourcing Strategic sourcing 100

SCMDOJO

JUNE 21, 2023

It involves outsourcing the entire supply chain function to a third-party provider who manages everything from sourcing raw materials to delivering finished products to customers. According to a paper by Len Prokopets and Ramin Tabibzadeh from Archstone Consulting , initial sourcing transactions can yield a 5% savings.

Supply Chain Optimization 105

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

Finale Inventory

SEPTEMBER 19, 2024

Demand forecasting is key to the success of ecommerce businesses. By accurately predicting customer demand, online retailers can optimize their inventory management, streamline their supply chain, and enhance overall business performance. Forecast: An estimate of future demand based on historical data and other relevant factors.

Demand 52

Demand Supply Chain Optimization Inventory Agile and Lean Supply Chain 52

SCMDOJO

MARCH 19, 2024

Improved Customer Satisfaction A structured department is better equipped to handle customer demands. This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. Procurement Procurement involves sourcing and acquiring the materials or products needed for production.

Supply Chain Optimization 98

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

Procurement Heads

MARCH 27, 2023

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.

Sustainability 246

Sustainability Agile and Lean Supply Chain Influencing Contract 246

Spend Matters

AUGUST 15, 2024

Bad Practice 3: Replacing over-reliance on legacy tech vendors with a resilient approach Supply chain managers recognize dual sourcing for critical materials and parts as an essential resiliency practice.

supply chain software solutions 120

supply chain software solutions Agile and Lean Supply Chain Supply Chain Efficiency Supply chain 120

World of Procurement blog

MAY 8, 2024

It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. What is Procurement?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Planergy

DECEMBER 8, 2022

Demand Forecasting Methods: Choosing The Right Type For Your Business. Financial Planning & Analysis (FP&A) Forecasting Strategy & Planning. Types of Demand Forecasting Models. The Different Types of Demand Forecasting Methods. How to Choose the Right Type of Demand Forecasting for Your Business.

Demand 52

Demand Data supply chain software solutions Inventory 52

Supply Chain Game Changer

JUNE 11, 2019

SCM encompasses the integrated planning and execution of processes required to optimize the flow of materials, information and financial capital in the areas that broadly include demand planning, sourcing, production, inventory management and storage, transportation — or logistics — and return for excess or defective products.

Agile and Lean Supply Chain 105

Agile and Lean Supply Chain supply chain software solutions Supply Chain Optimization Supply chain 105

SCMDOJO

JANUARY 17, 2024

Managing the supply chain involves the delicate art of aligning your product supply precisely with customer demand. Planning roles include: A supply chain planner analyzes performance and improves processes. A demand planner estimates the future demand for given products. (Do

Supply chain management 98

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

Supply Chain Opz

JULY 7, 2013

Each customer in US or EU might already control the source of raw materials, ask you to provide dedicated production lines, nominate 3pl companies and air/sea carriers. 3) Align Demand Planning Across Supply Chain. But in the reality, only Walmart is actively sharing the demand data to trading partners.

Supply chain management 102

Supply chain management Supply chain management Supply chain Management 102

Supply Chain Game Changer

JULY 28, 2020

toilet paper ) and extraordinary demand for PPE (Personal Protect Equipment) has brought the subject of a Parallel Supply Chain to the forefront. Every source of materials and components, every manufacturing facility, every warehouse and distribution channel, and every logistics mechanism is duplicated. Parallel Supply Chains.

Supply chain 100

Supply chain Strategy Supply Distribution channels 100

ivalua

MAY 21, 2014

The organizations using powerful new sourcing technology and streamlined processes are leaping ahead, quickly leaving their competition behind. Professionals in demand planning, procurement, logistics, fulfillment, sourcing: step up and take ownership of your area. Innovation cycles are short and becoming shorter.

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain supply chain budgeting Supply chain Supply 100

Una

SEPTEMBER 6, 2022

Eliminating waste; for example by reducing lengthy sourcing times. Some of the benefits of leveraging lean procurement include: Reduce time-to-source. Lean sourcing methodologies can compress months-long RFP processes into less than a week by replacing complex RFP processes with one-day design-style workshops. . Get in Touch.

Agile and Lean Supply Chain 98

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

IBM Supply Chain Blog

FEBRUARY 19, 2024

The pandemic and its aftermath highlighted the importance of having a robust supply chain strategy , with many companies facing disruptions due to shortages in raw materials and fluctuations in customer demand. A supply chain control tower can connect many sources of data-driven information and improve end-to-end visibility.

supply chain software solutions 81

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

SCMDOJO

SEPTEMBER 7, 2024

Warehouses serve as storage facilities, allowing businesses to maintain optimal inventory levels, mitigate the impact of fluctuating demand, and respond swiftly to customer needs. They often house smaller quantities of high-demand products strategically located near customer bases for faster delivery.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency Order Fulfillment supply chain budgeting 98

Supply Chain Game Changer

OCTOBER 28, 2020

This tracks with what we’ve often spoken about: professionals in the field are in high demand, and this demand is only increasing. Anecdotally, this is a bit lower in Canada, except for particular functions with very strong starting compensation like Demand Planning. The median compensation in the field was $82,007.

Supply chain 98

Supply chain Supply Leadership Supply chain management 98

Una

AUGUST 2, 2022

Contact our team of Sourcing Advisors to learn more. Una’s team of Sourcing Advisors is here to help. Take B2B services purchasing as an example. Self-service. No procurement process can be considered fully automated without self-service. Need help saving money on the technology solutions your business needs to stay in the game?

Procurement 98

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

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. Practical Guides like Plan for Every Part (PFEP) , Demand Forecasting Methods or Stocktaking Procedure. Lucky for you. Access the full course here!

Agile and Lean Supply Chain 98

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

SCMDOJO

APRIL 4, 2023

By having a bird’s eye view of the entire process, companies can quickly adapt to sudden changes in demand and find new ways to optimize their operations. To accomplish this, supply chain analytics collects, analyzes, and synthesizes data from a wide variety of sources. What are some examples of Supply Chain Analytics?

Supply Chain Analytics 111

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

Let's Talk Supply Chain

DECEMBER 9, 2024

24.58] How organizations can simplify the planning process, to build a plan that works for everyone across departments and priorities. 29.59] The challenges of different internal and external data sources, and how businesses can leverage AI and machine learning to sift through them and produce more accurate demand forecasts.

Supply Chain Efficiency 52

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

Supply Chain Game Changer

NOVEMBER 13, 2018

This includes product design, planning, execution, monitoring and control. Source: [link] ). Source: [link] ). Source: [link] ). Source: [link] ). Source: Nabil Abu el Ata, Rudolf Schmandt (2016), The Tyranny of Uncertainty, Springer, ISBN 978-3662491041 ). Source: [link] ).

Supply chain management 72

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

Supply Chain Game Changer

NOVEMBER 24, 2018

Techopedia defines Logistics as, “Logistics management is a supply chain management component that is used to meet customer demands through the planning, control and implementation of the effective movement and storage of related information , goods and services from origin to destination. ” [link]. ” [link].

Logistics 92

Logistics Distribution channels Supply Chain Efficiency Supply chain management 92