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Import Price supply chain budgeting 
SCMDOJO
MARCH 24, 2025
Introduction Gardner, (1954) and Huntzinger, (2007) define Purchase price variance (PPV) as a metric used to measure the effectiveness of cost-saving efforts by calculating the difference between the planned cost (standard pricing) allocated for purchasing activities and the actual cost incurred.
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Procurement Templates
NOVEMBER 21, 2024
Negotiation Skills Actionable Steps: Prepare Thoroughly: Research suppliers’ market position and pricing strategies before negotiations. Use Data-Driven Arguments: Leverage cost breakdowns and benchmarks to negotiate better terms. SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g.,
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From Rigid To Resilient: Why Enterprises Need Modular Commerce Now
Staying Ahead of UFLPA Enforcement: Best Practices for Retail Supply Chains
SCMDOJO
JANUARY 29, 2025
Supply chain reports offer a comprehensive view of your entire supply chain operation. What are Supply Chain Reports? Moreover, i dentifying and mitigating potential risks associated with supplier performance, such as disruptions to the supply chain or quality issues.
Procurement Tactics
JUNE 5, 2023
First Name Email Download 51 Prompts → Or receive our famous weekly newsletter Global Supply Chain — Everything About Supply Chain Global supply chain has become a popular way for businesses to source unique materials and products from other countries as they are unavailable domestically.
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. What is Supply Chain Forecasting?
SCMDOJO
APRIL 3, 2025
Global trade is complex, and supply chains are intertwined and interconnected. Supply chain leaders must adapt and use smart strategies to remain competitive. This article explains how to understand US tariffs and lessen their impact on supply chains. Can you increase prices for customers?
Procurement Templates
DECEMBER 11, 2024
Create Contingency Plans: Develop risk management protocols for supply disruptions and emergencies. Financial Objectives Budget Management: Monitor and manage procurement budgets to ensure spending stays within approved limits. Your team may be the most important asset for your own personal development.
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Procurement Tactics
JUNE 30, 2023
Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts → Or receive our famous weekly newsletter 9 Best US Lumber Suppliers — Industry Outlook, Considerations, Pricing, and Reviews The US based Forest Economic Advisors, LLC (FEA) predicted a 16% US housing drop in 2023. Here are four key considerations: 1.
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Procurement Tactics
JUNE 7, 2023
Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts → Or receive our famous weekly newsletter Purchase Price Variance — Everything You Should Know Purchase price variance is an important factor for budget preparation, but why? Price Purchase Variance: What is it?
130 
Procurement Tactics
MARCH 16, 2023
Additionally, we will talk about the importance and how you can implement strategic procurement. It aims to ensure that the goods and services that the business needs are delivered on time and purchased within the budget. Why is it important? In this article, we will discuss what strategic procurement is.
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Supply Chain Game Changer
AUGUST 21, 2022
Subscribe to Supply Chain Game Changer. Supply Chain’s Moment of Truth Has Arrived! A solid supply chain and logistics strategy is essential for large companies. Logistics plays a critical role in a company’s supply chain. Another important aspect of logistics is time.
Procurement Tactics
JULY 4, 2023
The model is also used to compare the actual cost of production to the estimated cost and to identify areas where costs can be reduced. It is a powerful tool that helps procurement and supply chain professionals to evaluate and negotiate pricing with suppliers effectively and favorably and achieve cost savings.
209 
SCMDOJO
JUNE 7, 2023
The supply chain industry has been evolving rapidly since the pandemic outbreak. As a result, the industry is growing, changing, and becoming more demanding, increasing the importance of language skills more than ever. Let’s learn how language is an important skill in supply chain and operations management.
Procurement Tactics
MAY 30, 2023
In this article, we will discuss what procurement managers do and their importance in procurement. Once you are done reading this article, you will know the importance of a procurement manager. Why Are They Important? This is a crucial responsibility as it helps the organization to reduce costs and increase profitability.
178 
Procurement Tactics
JULY 20, 2023
Your next DIY project might need any of their items: Holcim Portland Cement priced at $1.2 per bag Costum Holcim Cements for Stucco priced at $2.3 The company had its massive growth rate after the Nazi controlled the country as its products became an important element in numerous construction projects.
193 
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. AI in logistics refers to the use of AI-powered solutions to optimize supply chain management, improve decision-making and enhance customer experience. What is AI?
193 
Procurement Tactics
MAY 16, 2023
Thus, you will know what operational model will work better for your supply chain. A fourth-party logistics , typically known as 4PL, is an operational model where a business outsources its entire supply chain and logistics to a single external provider. 4PL: What is it?
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SCMDOJO
APRIL 29, 2024
Are you interested in understanding how businesses effectively manage their supply chains? Look no further – this guide is here to help you grasp the fundamentals of supply chain management (SCM) and how it can lead to success. It encompasses activities such as procurement, supplier selection, and evaluation.
Procurement Insights
JANUARY 3, 2025
Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.
SCMDOJO
SEPTEMBER 24, 2024
Make vs Buy Analysis is an essential decision-making tool in supply chain management that significantly influences profitability, flexibility, and competitiveness. It helps businesses decide whether to produce goods internally (make) or source them externally (buy), weighing costs, quality, scalability, and capacity.
Supply Chain Game Changer
NOVEMBER 3, 2022
Subscribe to Supply Chain Game Changer. Thoughts on Future Challenges and the Strategic Direction of Supply Chain! Supply chain management is an important aspect of every business because it ensures your business gets the supplies, resources, and materials it needs to fulfill services or deliver products to customers.
Jaggaer
OCTOBER 24, 2024
Supplier Collaboration: Driving Innovation and Competitive Advantage In today’s hyper-connected global economy, where supply chains span continents, and industries are interlinked globally, supplier collaboration serves as the foundation to drive innovation and create a future-ready organization. What is supplier collaboration?
Procurement Tactics
JUNE 28, 2023
In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. Procurement Tracking: Why is it Important? It typically looks for details such as supplier information, item descriptions, quantities, prices, or arrival dates.
Procurement Tactics
JULY 2, 2023
For today’s article, we will explore everything you need to know about Job Orders, including what it is, their importance, and how to utilize them. Budget Control When it comes to maintaining budgetary control throughout the entire procurement process, job orders are crucial. A clear budget 4. What is a Job Order?
SCMDOJO
FEBRUARY 26, 2025
Introduction As global supply chains evolve, ensuring cost efficiency is crucial. One way to assess the cost performance of any function within the supply chain is through Cost Performance Index (CPI). What is the Cost Performance Index (CPI)?
Skill Dynamics
JANUARY 14, 2025
Considering its importance, it makes sense that modern procurement teams have a structured approach to developing essential skills and capabilities. Project Management A plan is only as good as its execution, and project management is what will enable your organization to deliver both on time and within budget.
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Procurement Tactics
JUNE 22, 2023
For today’s article, we will discuss everything you need to know about the blanket purchase order, including what it is, its importance, how to create one, and when to use it. Why using a Purchase Order is important? Payment terms and pricing are typically negotiated for each purchase.
191 
Let's Talk Supply Chain
DECEMBER 16, 2024
Today Tom Burke, Portfolio Product Manager at CargoWise Landside, joins me to talk all about how drayage rating and quoting best practices can improve supply chain management, visibility, and logistics execution. 32.52] How DrayMaster can help truckers to reduce quote turnaround times by up to a huge 95%.
SCMDOJO
MARCH 19, 2024
In today’s fast-paced business landscape, having an efficient supply chain department is more important than ever. A streamlined supply chain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth.
Procurement Tactics
MAY 21, 2023
18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details → Or receive our famous weekly newsletter Acquisition Cost — Everything You Should Know Acquisition cost helps businesses to accurately track the total cost of acquiring an asset. In this article, we will discuss what acquisition cost means.
174 
SCMDOJO
JANUARY 19, 2025
We conclude that different types of loans may help e-commerce supply chains. Grown from the concept of the e-commerce supply chain – end-to-end process from product sourcing through delivery, it has become the determining factor in a business advantage. Equipment loans are becoming important. in CAGR by 2030.
Supply Chain Game Changer
JUNE 24, 2021
Subscribe to Supply Chain Game Changer. 10 Vital Supply Chain Lessons from the Coronavirus Pandemic! Companies rely on supply chain management to reduce costs and increase their production cycle. Subscribe Here! Email Address. The global chip shortage is here to stay?
Jaggaer
MARCH 20, 2025
Community colleges, public universities, and private institutions alike must navigate the potential for budget cuts, shifts in federal aid programs, and changing regulatory requirements. Budget Shortfalls First, the good news. Decentralized buying often results in fragmented contracts with inconsistent pricing and terms.
Procurement Leaders
MARCH 6, 2023
Executive teams increasingly recognise the importance of procurement If there’s a silver lining to the polycrisis, it’s that procurement finally has a seat at the table. In the words of CME Group CPO Chuck Hatsis: “Cost is never going to go away in our function. It’s always going to be sexy to save money.
SCMDOJO
JUNE 21, 2023
The Supply Chain as a Service (SCaaS) market has experienced significant growth in recent years, with even greater potential ahead. SCaaS is a technology-driven approach to managing supply chains, offering comprehensive end-to-end solutions for businesses. Let’s delve into this emerging concept.
Supply Chain Game Changer
SEPTEMBER 7, 2022
Subscribe to Supply Chain Game Changer. 5 Ways to Reduce Fleet Management Costs! These businesses are saving money by leasing their vehicles instead of buying them, and they’re also enjoying improved supply chain management due to their increased mobility and flexibility. Effective Fleet Management.
Supply Chain Game Changer
JUNE 8, 2022
Subscribe to Supply Chain Game Changer. Also, check their interest rates and determine which one fits your budget. Why Are VA Loans Important? VA loans are highly important as they help veterans acquire properties without spending a fortune. This, by far, is the most important benefit VA loans can provide.
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SCMDOJO
JUNE 6, 2023
For businesses to succeed, supply chain optimization is essential to succeed. It helps reduce costs, increases efficiency, and can enhance customer satisfaction. Supply chain optimization can achieve this with the help of data analytics. They can understand their supply chain operations with more precision.
Jaggaer
FEBRUARY 5, 2025
The process creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. Strategic sourcing makes sense for suppliers that are of strategic importance to your organization.
Procurement Templates
JUNE 18, 2023
ChatGPT Inflation refers to the general increase in prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. Inflation occurs when there is an imbalance between the supply and demand of money and goods. What is inflation?
130 
Procurement Insights
MARCH 16, 2025
Improved Outcome: Procurement teams get context-aware supplier suggestions , reducing risk and improving supplier relationships. Contextualized Spend Analysis & Cost Optimization AI models use MCP to remember previous spend categories, budget constraints, and organizational purchasing behavior.
Supply Chain Game Changer
SEPTEMBER 22, 2022
Subscribe to Supply Chain Game Changer. Getting the right amount of products at the right price. Without them, it will be more difficult to manage spending, control budgeting, vet your suppliers, and do what you need to do to get the most out of your procurement process. Why is this so important? Subscribe Here!
Jaggaer
OCTOBER 24, 2024
Supplier Collaboration for Agility Your world is characterized by dynamic market conditions, shifting customer demands, new technologies, rapidly changing regulations, and frequent supply chain disruptions. Decision-makers must plan supply chain resilience strategies for a wide range of risk scenarios.
Planergy
FEBRUARY 24, 2025
Sustainable Procurement Increasingly important in modern education, sustainable procurement prioritizes environmentally friendly and socially responsible purchasing decisions. This involves consulting educators, administrators, and department heads to identify specific needs, performance expectations, and budget constraints.
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