Spend Matters

DECEMBER 11, 2024

Tariff management is a strategic subset of direct materials management and sourcing that involves navigating and optimizing the complex costs and regulatory implications of importing materials and goods across borders. Tariffs essentially taxes imposed on imports and exports directly impact product cost structures.

Supply Chain Optimization 110

Supply Chain Optimization Management Supply chain resilience Supply Chain Efficiency 110

ProcurePort

SEPTEMBER 20, 2022

In other cases, demand far outweighs supply, making it hard for buyers to negotiate. Such circumstances make it important for procurement teams […]. First, suppliers can eliminate competition by applying a loss-leadership strategy that drives other companies out of business. •

Buyers 246

Buyers Negotiation Purchasing Strategy 246

Procurement Tactics

MARCH 16, 2023

Seasonal Changes Throughout the year, egg prices fluctuate according to seasons, supply, and demand. As a result egg demand is high which causes a price hike. Consumer Demand The rise of fad diets greatly plays a big impact on egg prices. Therefore, making exportation and importation even tighter. When is the egg season?

Price 229

Price Export Consumer demands Demand 229

Procurement Tactics

MAY 23, 2023

The bullwhip effect is a phenomenon that occurs in supply chain management where small fluctuations in demand can result in large variations in supply chain activities, such as inventory levels, production schedules, and transportation. This overestimation of demand and overproduction of goods can cause a misalignment in the supply chain.

supply chain software solutions 212

supply chain software solutions Supply chain Supply Inventory 212

Skill Dynamics

JULY 17, 2024

Struggling to anticipate customer demands? It’s impossible to know entirely how demand will pan out. However, demand forecasting is key to gaining some sense of control over your business during this turmoil. One such challenge is demand volatility.

supply chain budgeting 96

supply chain budgeting Demand Supply Chain Efficiency Supply Chain Optimization 96

Procurement Leaders

DECEMBER 2, 2024

What’s not said is often more important than what is.” In the presentation, Tom and Naoki-san spent a significant amount of time sharing the progress they had made on procurement’s transformation – a programme structured around the seven ‘Ps’: people; processes; platforms; partnerships; planet; performance; and, most importantly, purpose.

Innovation 130

Innovation Procurement Suppliers Import 130

SCMDOJO

OCTOBER 30, 2024

As businesses strive to enhance efficiency, resilience, and sustainability, the demand for skilled supply chain professionals has never been higher. MTSS platforms facilitate hands-on projects where learners can apply statistical methods to identify trends, forecast demand, and optimize inventory levels.

supply chain budgeting 97

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 97

Procurement Tactics

MARCH 22, 2023

Demand Pressure The renewing of China’s steel and construction industry after its strict Covid lockdown doubles the demand for iron ore as China is already the biggest iron ore importer since 2018, accounting for almost 70% of iron ore imports globally. Here are the top drivers of iron ore prices in the market: 1.

Price 194

Price Export Demand Supply Chain Efficiency 194

Procurement Tactics

JUNE 8, 2023

We will tell you the importance and some of the most common methods used in inventory management. Thus, ensuring that you can always fulfill the demands of your customers. This helps companies ensure they always have enough stock to meet customer demands and warns them if they are running low. Why is it Important?

Inventory 187

Inventory Management Real-time Visibility Inventory control 187

SCMDOJO

NOVEMBER 20, 2024

Demand Forecasting: We perceive that advancing forecasting methods is essential. They improve demand prediction accuracy, helplessly align production, and procure 14 forecasting methods that can be applied to a business for growth and future improvements. It balanced inventory levels to meet demand without excess or shortages.

Inventory 98

Inventory Supply Chain Optimization Supply Chain Efficiency Real-time Visibility 98

Procurement Tactics

MARCH 27, 2023

We will tell you the importance and the methods used in supply chain forecasting. Supply chain forecasting refers to the process of predicting demand by looking at past and present information to help businesses make decisions about their plan, budget, and stock inventory. Thus, why it is critical to the success of an organization.

supply chain budgeting 192

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

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

Procurement Tactics

MARCH 13, 2023

Supply and Demand The imbalanced equilibrium between coal demand and supply is increasing every year. Conversely, demand for coal is at its highest in winter for heating purposes. Thus, these environment-friendly and cost-effective energy sources threaten coal demand and marketability. Here are the following reasons: 1.

Price 224

Price Demand Sourcing Sustainability 224

Procurement Tactics

MARCH 16, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Strategic Procurement — Everything You Should Know Strategic procurement allows businesses to meet the demand of the current procurement landscape by making sense of the data and automating the procurement process.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

Procurement Tactics

MARCH 20, 2023

Natural gas prices move along with their seasonal demand however it still shows value fluctuation outside their high-demand peak. Crude Oil Prices Crude oil market demand and value are the main drivers of natural gas prices. Conversely, if demand decreases, other products’ demand and prices follow suit.

Price 187

Price Demand Influencing Sourcing 187

Procurement Templates

NOVEMBER 21, 2024

Stay Updated on Regulations: Regularly review trade agreements, import/export rules, and labor laws. SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g., SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g., Resources: Online modules on procurement law (e.g., Coursera, Udemy).

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization supply chain software solutions 130

Procurement Tactics

MARCH 22, 2023

HRC steel is an important structural component in construction, truck frames, pipes and tubes, doors and shelving, and railroad car parts. Supply and Demand The demand for HRC steel is closely tied to economic growth in a country. Supply and Demand The demand for HRC steel is closely tied to economic growth in a country.

Price 174

Price Raw materials Demand Export 174

Procurement Tactics

JUNE 8, 2023

We will discuss its importance and the areas you need to focus on in building a strong network design. This involves taking into account various factors such as demand variability, lead times, transportation costs, inventory holding costs , and other operational costs. Why is it Important? However, what is it?

Supply Chain Optimization 211

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency supply chain software solutions 211

SCMDOJO

DECEMBER 29, 2024

Key takeaways Importance of Procurement Procurement vs. Purchasing Key Functions Departmental Structure Role Descriptions The blog emphasizes the significance of a well-structured procurement department with qualified personnel to achieve organizational objectives. Read In Detail About Procurement Department Here 2. and sustainability.

Supply Chain Efficiency 95

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 95

Procurement Tactics

MARCH 17, 2023

Despite sanctions and banning the import and purchasing from the G7 countries, Urals oil prices maintain their stand in the market. Global Supply and Demand The global supply and demand movement determines crude oil variation prices in the market. Here are the top reasons for its price fluctuations: 1.

Price 166

Price Export Demand Purchasing 166

Spend Matters

DECEMBER 16, 2024

Direct materials management is essential for aligning demand, supply and product objectives throughout the product lifecycle. It ensures that organizations have the right materials sourced from the right suppliers at the right time and for the best cost, making tariff management a natural part of these processes.

Agile and Lean Supply Chain 110

Agile and Lean Supply Chain Management Supply Chain Efficiency Supply Chain Optimization 110

Procurement Tactics

APRIL 5, 2023

Additionally, we will tell you the growing importance of sustainability and the drivers behind why many businesses embrace it. Additionally, you will be able to know how important it is to integrate sustainability into your procurement processes. Sustainability is also an important factor in corporate social responsibility.

Sustainability 187

Sustainability Procurement Supply Chain Efficiency Procurement strategies 187

Procurement Tactics

FEBRUARY 22, 2023

Avocado prices can fluctuate due to a variety of factors, including supply and demand, weather conditions, transportation costs, and trade policies. Supply and demand play a significant role in avocado prices. Conversely, when the supply of avocados is high, and demand remains steady or decreases, prices may fall.

Price 156

Price Export Demand Influencing 156

Procurement Tactics

MAY 8, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter CPFR in Supply Chain — Everything You Should Know CPFR in supply chain allows both businesses and suppliers to fulfill customer demand. We will discuss the importance and the different stages of CPFR.

Supply Chain Efficiency 200

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 200

SCMDOJO

DECEMBER 29, 2024

Effective Communication for Supply Chain Professionals Effective Communication for Supply Chain Professionals by Alaa Elhawari , showcased by SCMDOJO academy, emphasizes the importance of effective communication within the supply chain, which is FREE. What’s the wait for? Supply Chain KPIs add color to your organization.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain KPIs Supply Chain Efficiency Category management 98

Procurement Tactics

MARCH 7, 2023

Generally, the price of sugar threads along with the production costs and economic activity however, as demand and supply alternatingly increase and decrease other factors arise and contribute to sugar price’s volatility. Changes in Demand Consumer preferences ultimately influence sugar demand.

Price 190

Price Demand Export Influencing 190

Procurement Tactics

MARCH 15, 2023

Global Demand The growing global demand for soybean makes its price high in the market. Major importers such as Japan and the European Union and the increasing Chinese demand push soybean prices upward. Therefore, an increase or decrease in ethanol demand and price can directly affect both corn and soybeans.

Price 161

Price Demand Influencing Import 161

Procurement Tactics

JUNE 19, 2023

In this article, we will explore the role of AI in logistics, discuss its importance, and the best practices for implementing AI in logistics. With the increasing demand for faster and streamlined transportation of goods, companies are leveraging AI to automate processes and optimize their operations. What is AI?

Logistics 193

Logistics supply chain budgeting supply chain software solutions Real-time Visibility 193

Procurement Tactics

MARCH 20, 2023

BRIC Imports The five emerging economies: Brazil, Russia, India, and China can get a hold of Brent prices too. China’s re-opening of trade after its long and hard battle against the Covid lockdown and India’s increasing Brent oil import make the supply and price demand even tighter.

Price 200

Price Export Demand Influencing 200

Una

JANUARY 17, 2023

It is one thing to talk about the importance of preserving the environment, and it is another to take meaningful and measurable action to drive change. Ian is the Founder and CEO of Circular.co, a supply chain platform designed to close the gap between supply and demand for recycled goods like plastics. Ian Arthurs on LinkedIn.

Consumer demands 145

Consumer demands Sustainability Demand Leadership 145

Procurement Templates

DECEMBER 11, 2024

Your team may be the most important asset for your own personal development. Revolutionize Operational Processes Adopt Predictive Procurement: Use AI-driven forecasting tools for demand planning and market trend analysis. Contribute ideas and learn from others.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

Procurement Tactics

NOVEMBER 9, 2022

They may close off markets for Australian exports, disrupt the supply chain for essential goods, and raise the cost of Australian imports. . Although Australian imports could all rise in price which may offset some of the gains for Australian exporters. . billion which is driven by demand. . billion in April 2022. . billion. .

Export 191

Export Price Demand Supply chain 191

Procurement Tactics

NOVEMBER 7, 2022

Thus, an important variable if you are also getting your products from India for your company. . Countercyclical Policies Affecting the Rising External Demand. One of the major reasons for the jump in India’s exports is the rise in demand which had fallen during the full force of restrictions to fight the COVID-19 pandemic. .

Export 163

Export Demand Import Price 163

Procurement Tactics

APRIL 3, 2023

Business sustainability, also known as corporate sustainability , is the management and coordination of environmental, social, and economic demands. Right now, as many people are continuously demanding sustainability in every sector, businesses are seeing both pressure and opportunity in establishing their goals regarding sustainability.

Sustainability 183

Sustainability Procurement Supply Chain Efficiency Procurement strategies 183

Procurement Tactics

MAY 2, 2023

This choice should consider contractual agreements, such as the loss of a significant chunk of business or the inability to handle rising demands. It is best to align this with important internal stakeholders who can help you with practical and technical considerations. Why are the specifications important?

Sustainability 204

Sustainability Procurement strategies Negotiation Ethics 204