Spend Matters

DECEMBER 23, 2024

We position our solution as right-sized and accessible yet powerful, to meet the growing demand for automation. How customers justify procuretech investment to stakeholders Cost savings and efficiency: Direct savings and operational efficiency metrics resonate strongly with financial stakeholders.

Procurement 120

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supplier consolidation 120

Supply Chain Brain

MAY 6, 2024

Nearly half of consumers surveyed said that they would be unlikely to purchase an item if the delivery time was too slow.

Demand 111

Demand Purchasing 111

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 Tactics

SEPTEMBER 8, 2022

Some referred to it as MRO purchasing which pertains to maintenance, repair, and operations due to its significance to keep the business running. . You may think that this is the same as tactical purchasing. However, it is not true due to the fact that tactical purchasing is focused on short-term transactional activity.

Procurement 226

Procurement Purchase orders Purchasing Strategic sourcing 226

ivalua

MARCH 18, 2021

The Strategic Sourcing modules of Ivalua allow Punch Powertrain buyers to define Purchasing needs collaboratively, consolidate the tendering documents and ease costing by suppliers (cost breakdown files, dialogue with the projects on technical feasibility).

Strategic sourcing 246

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 246

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

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 9, 2023

Supply and Demand The imbalance condition between cocoa’s supply and demand highlights its volatility in the market. The constant demand for cocoa-processed products like chocolates, cocoa powder, and distilled beverages is hard to meet for farmers who are already experiencing production problems.

Price 218

Price Demand Purchasing Supply 218

Supply Chain Dive

JANUARY 4, 2024

A group of legislators called on the American Apparel & Footwear Association to commit to long-term sourcing relationships and increased purchasing prices.

Demand 111

Demand Price Purchasing Sourcing 111

Procurement Tactics

MARCH 21, 2023

This white metal has always been in demand because of its diverse uses and characteristics. Supply and Demand The stability of the silver supply and demand ratio depends on its availability and changes in the market. As a result, the rising demand for solar panels directly impacts silver production and its price.

Price 184

Price Demand Purchasing Sustainability 184

Procurement Tactics

MARCH 14, 2023

Overall, this causes orange juice low supply and high demand in the market. Covid The Covid 19 outbreak bolstered the demand, supply, and orange juice prices as people are scrambling to strengthen their immune systems against the disease. million boxes, quite far from its average produce of 244 million boxes per year.

Price 207

Price Influencing Demand Purchasing 207

Procurement Tactics

APRIL 5, 2023

In doing this, it incorporates the CSR concepts into the company’s procurement processes while ensuring a long-term plan to meet functionality demands. As sustainability is a growing focus in the world, many businesses are integrating it, especially consumers who are demanding to know where the products they purchase come from.

Sustainability 187

Sustainability Procurement Supply Chain Efficiency Procurement strategies 187

SCMDOJO

DECEMBER 29, 2024

Mastering Procurement – Essentials Skills and Competencies Mastering Procurement by Maryna Trepova is the ultimate Procurement and Purchase Management course for Engineers, Entrepreneurs, Managers, and Students. Here are 10 of their top-rated courses: 1. The best part about availing this course is that it’s FREE.

Supply Chain Optimization 98

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

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.

Supply Chain Efficiency 95

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

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. Economic Growth A country’s purchasing power stems from its economic performance. Crude Oil Prices Crude oil market demand and value are the main drivers of natural gas prices.

Price 187

Price Demand Influencing Sourcing 187

Spend Matters

NOVEMBER 11, 2024

The procure-to-pay space continues to evolve as organizations demand more efficient, automated solutions to manage procurement, invoicing and payment processes. This Spend Matters Vendor Analysis provides an overview of Vroozi and its solution for procure-to-pay (P2P).

Procurement 117

Procurement Buyers Collaboration Demand 117

Procurement Tactics

APRIL 17, 2023

In doing this, Companies must integrate CSR concepts into their procurement processes while ensuring a long-term plan to meet demands. As sustainability is a growing focus in many industries around the world, many businesses are integrating it, especially consumers who are demanding to know where the products they purchase come from.

Sustainability 182

Sustainability Suppliers Influencing Purchasing 182

Supply Chain Dive

DECEMBER 4, 2023

The apparel company has been cautious in its own buying while trying to meet the needs of department stores and others who seek agility to meet demand.

Buyers 98

Buyers Purchasing Inventory Demand 98

ivalua

FEBRUARY 25, 2021

According to the panelists, there are some key features and functionality that make best-in-class supply chain solutions a better choice for healthcare organizations: Guided procure-to-pay compliance: The concept of compliant purchasing in healthcare encompases the front-end user experience. Demand planning capabilities.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Procurement Tactics

JUNE 8, 2023

Thus, ensuring that you can always fulfill the demands of your customers. It keeps track of inventory from the time it is purchased until it is sold to customers. This helps companies ensure they always have enough stock to meet customer demands and warns them if they are running low. So, without further ado, let us now start!

Inventory 187

Inventory Management Real-time Visibility Inventory control 187

Procurement Templates

NOVEMBER 21, 2024

Analyze Total Cost of Ownership (TCO): Incorporate factors like lifecycle costs, maintenance, and disposal into purchasing decisions. SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g., Master Budgeting: Practice building and managing procurement budgets aligned with organizational goals.

Agile and Lean Supply Chain 130

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

Spend Matters

DECEMBER 11, 2024

Achieving this requires a seamless integration of demand, supply and product requirements that begins in the design phase and continues throughout the whole product lifecycle. Also, businesses operating globally must be able to adapt to sudden trade policy changes.

Supply Chain Optimization 110

Supply Chain Optimization Management Supply chain resilience Supply Chain Efficiency 110

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

Supply Chain Dive

MARCH 7, 2023

The retailer has relied on data and analytics to forecast demand and make decisions around purchasing and pricing.

Inventory 132

Inventory Management Price Purchasing 132

Arkestro

DECEMBER 5, 2024

Arkestro uses predictive models to analyze data, forecast demand, and identify potential disruptions before they occur. Key aspects of how procurement cycles are sped up are: Demand forecasting: This step ensures proactive advance ordering and prevents overstock and shortages that can slow the procurement process.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply Chain Efficiency Supply chain resilience 52

Procurement Insights

APRIL 4, 2025

Paul Nilsen, Purchasing Manager Willis North America (New York, NY) My Response In Part 4 of my Changing Face of Procurement Conference Series titled Winning Strategies for Vendor Engagement, I briefly discuss an M&A case reference involving organizations within the confection or candy industry.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain supply chain software solutions Supply Chain Optimization e2e 59

Procurement Tactics

MAY 22, 2023

Enhance customer fulfillment Customer satisfaction is usually achieved by meeting their expectations, which may include anticipating their needs for purchasing from the supplier, transportation, customs clearance, storage, delivery, equipment, and reverse logistics. Why is it important?

Logistics 207

Logistics supply chain software solutions supply chain budgeting Supply Chain Optimization 207

Spend Matters

OCTOBER 28, 2024

The different approaches to using GenAI in procurement technologies reflect how providers have been responding to the potential of this new technology and the growing customer demand for GenAI features. But, things change fast in AI, and several additional vendors have implemented GenAI since our coverage at the end of 2023.

Procurement 114

Procurement Demand Vendor management Contract 114

Procurement Tactics

MARCH 27, 2023

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. Having too little in stock means running out at unfortunate times when the demand is high, causing your buyers to buy elsewhere.

supply chain budgeting 192

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

Procurement Tactics

MARCH 17, 2023

This furthers the uranium demand and market value as its the major fuel for nuclear fission. The current war between Russia and Ukraine made nuclear-powered countries increase their uranium purchases and re-opened their closed nuclear plants for securing their defense strength. Thus, this also impacts uranium prices in the market.

Price 190

Price Sustainability Demand Leadership 190

Procurement Tactics

MARCH 16, 2023

If the dollar rate strengthens against other currencies this will lead to expensive corn purchasing. This will prompt buyers to find corn alternatives from other countries resulting in low corn demand. Demand Corn is the main energy ingredient for livestock feed and ethanol production. Which variables impact the price of corn?

Price 166

Price Export Demand Buyers 166

SCMDOJO

OCTOBER 23, 2024

Pricing Structure Affordable pricing, with annual access to purchased courses and practical resources through Pro Plan. This learning platform covers every angle of supply chain management, from demand planning and inventory management to supplier relationship management, procurement, and logistics.

Supply Chain Optimization 93

Supply Chain Optimization Supply Chain Efficiency Supply chain Supply chain management 93

Procurement Tactics

APRIL 11, 2023

In doing this, Companies must integrate CSR concepts into their procurement processes while ensuring a long-term plan to meet functionality demands. As sustainability is a growing focus in the world, many businesses are integrating it, especially consumers who are demanding to know where the products they purchase come from.

Sustainability 201

Sustainability Negotiation Procurement Procurement strategies 201

Procurement Tactics

JUNE 30, 2023

With advancements in technology, automation, and the increasing demand for efficient and sustainable solutions, the machine industry continuously innovates to meet these changing needs. The industry’s ability to embrace innovation and adapt to changing market demands will play a crucial role in its future success.

Price 183

Price Suppliers Negotiation Quality 183

Supply Chain Dive

NOVEMBER 1, 2023

The ISM and S&P Global purchasing managers’ indices both showed manufacturers are making adjustments in light of soft demand.

Purchasing 117

Purchasing Demand Management 117

ivalua

FEBRUARY 10, 2023

Inflationary pressures can cause frustration levels among suppliers due to increased costs or reduced demand from customers, particularly when it comes to repeated orders or fixed pricing contracts. This helps ensure your contracts remain favorable and that all stakeholders comply with the negotiated terms.

Price 264

Price Strategy Sourcing Real-time Visibility 264