Finale Inventory

JUNE 21, 2024

This article aims to provide a comprehensive understanding of raw materials, including their definitions, formulas, types, and importance in the ecommerce industry. Moreover, the sustainability and ethical sourcing of raw materials have become increasingly important in the ecommerce industry.

Raw materials 52

Raw materials Import Supply Chain Efficiency Inventory 52

Finale Inventory

JUNE 21, 2024

This article aims to provide a comprehensive understanding of raw materials, including their definitions, formulas, types, and importance in the ecommerce industry. Moreover, the sustainability and ethical sourcing of raw materials have become increasingly important in the ecommerce industry.

Raw materials 52

Raw materials Import Supply Chain Efficiency Supply Chain Optimization 52

Barkers Procurement

FEBRUARY 10, 2023

It’s about knowing what works and what doesn’t in certain circumstances, whether that’s supplier negotiation or conducting a procurement transformation. Of course, dealing with a consultancy that has experience in different sectors is important, but take care to find one that has specific experience in your sector.

Import 52

Import Procurement supply chain budgeting Category management 52

Jaggaer

JULY 2, 2020

Supplier negotiation skills are essential for anyone working in procurement. It’s become standard for companies to train their employees on negotiation tactics to get better deals from suppliers, but these skills are also useful outside of the buyer -supplier relationship. Supplier negotiation isn’t easy.

Negotiation 71

Negotiation Supplier negotiation Procurement Suppliers 71

SCMDOJO

FEBRUARY 26, 2025

While CPI is normally used within project management and earned value analysis, it has significant application and importance within supply chain contexts, particularly in procurement, logistics and warehousing. indicates cost inefficiency, signaling a need for supplier negotiations or alternative sourcing strategies.

supply chain budgeting 52

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

Una

APRIL 6, 2023

Benefits realization in procurement Without monitoring contract compliance and supplier performance over time, the monetary and other benefits you worked so hard to secure throughout the supplier negotiation can be seriously eroded. What exactly is benefits realization?

Procurement 97

Procurement Supplier relationship management Supplier negotiation Contract 97

Procurement Insights

MARCH 16, 2025

MCP & ABM in AI-Driven Procurement The synergy between MCP and ABM in procurement lies in how contextual learning (MCP) enhances agent-based simulations (ABM) : Enhanced Supplier Negotiations: MCP remembers past supplier performance, pricing, and contract terms.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

ivalua

MARCH 9, 2023

S2P is the end-to-end process that encompasses all the activities between an organization and its suppliers. It starts with identifying the right suppliers for a need, sharing requirements and evaluating supplier offers, selecting the most appropriate supplier, negotiating terms and contracting with them to receive goods and/or services.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

Una

MARCH 6, 2023

How to innovate: Identify your organization’s most pressing non-financial priorities (such as sustainability) and re-work your criteria to attract suppliers that match this need. Negotiate in areas other than pricing If a supplier negotiation has reached an impasse, this doesn’t necessarily mean it is doomed to failure.

Purchasing 98

Purchasing Innovation Agile and Lean Supply Chain Supplier relationship management 98

Positive Purchasing

DECEMBER 5, 2024

Key Topics From the Webinar The importance of data in negotiation planning: understand why facts and data are essential for successful negotiation strategies. The role of technology: how tech tools enhance negotiation planning, streamline processes, and support better outcomes.

Negotiation 52

Negotiation Supplier negotiation Procurement Strategic sourcing 52

Una

NOVEMBER 16, 2022

The centralized procurement team scopes out the project, approaches the market, evaluates suppliers , negotiates a volume discount, and awards the contract to a single supplier. For example, an office manager is tasked with organizing catering for an important event with international partners.

Procurement 98

Procurement Purchasing Procurement team Supplier negotiation 98

Procurement Insights

JANUARY 3, 2025

Focus on Agility and Resilience : Organizations recognized the importance of procurement in responding quickly to disruptions and maintaining operational continuity. Procurement’s role in managing vendor relationships, optimizing IT investments, mitigating risks, and driving innovation has elevated its importance to CIOs.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

The Good Spending

APRIL 2, 2023

Indeed, some colleagues find it simpler to dedicate themselves to tireless supplier negotiations and measure the value creation in savings. We must update our SKU cost estimates accordingly, e.g., adjust the historical prices for inflation or the cost of imported items for new exchange rates.

Procurement 98

Procurement Demand Planning Budget Category management 98

Jaggaer

FEBRUARY 5, 2025

Board-level/C-Suite sponsorship is especially important. Of course you should also provide training in the system, but it is of greater importance to provide support at the point of need: people learn faster by doing rather than training. So, lets be blunt. you will face many obstacles. Make them feel in control.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

Finale Inventory

FEBRUARY 19, 2024

This blog explores the strategic importance of returns and inventory management, illustrating how strategic returns can drive business success in the dynamic ecommerce environment. As we delve into planning for success in 2024, it becomes clear that an often-overlooked aspect demands our attention: the returns process.

Inventory 105

Inventory Real-time Visibility Management Quality 105

Una

MARCH 30, 2023

This situation demonstrates the importance of driving change from the top – progressive procurement teams will always find themselves swimming against the tide unless they can first convince the C-suite of their potential to bring new types of value to the organization. What should we focus on beyond cost? Great question!

Procurement 104

Procurement Supply Chain Efficiency Procurement team Sustainability 104

Una

APRIL 13, 2023

Like the butcher, your strategic suppliers can offer cost-savings ideas , efficiencies, and will know and understand your needs much better than a transactional supplier. Nurturing the top 20% of your suppliers will help you extract additional value from these relationships.

Suppliers 98

Suppliers Supplier relationship management Agile and Lean Supply Chain Supply Chain Optimization 98

Procurement Templates

APRIL 15, 2024

This can be beneficial in procurement when building relationships with suppliers, negotiating deals, and resolving conflicts. Communication: Good communication skills are often associated with extraversion, which can aid in conveying requirements clearly to suppliers and understanding their offerings effectively.

Influencing 130

Influencing Negotiation Risk Innovation 130

Procurement Templates

MARCH 3, 2024

Stakeholder Engagement : It’s important to involve relevant stakeholders in the assessment process to ensure that their needs and preferences are considered. Prioritisation of Needs : Not all needs may be equally urgent or important. This may include procurement methods, sourcing strategies, contract terms, etc.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

SCMDOJO

DECEMBER 14, 2023

Navigating Complex Negotiations: When the intricacies of supplier negotiations become overwhelming, a sourcing agency can be your strategic ally. Sourcing agencies bring to the table a set of finely honed negotiation skills that can make a substantial difference in the financial aspect of procurement.

Sourcing 104

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

Barkers Procurement

FEBRUARY 20, 2023

In order to make informed purchasing decisions, it is important to have a clear understanding of the organisation’s goals and objectives. In order to effectively align procurement with the organisation’s goals, it is important to have a thorough understanding of the goods and services that are needed. A focus on value.

Procurement 52

Procurement Cost of ownership Supplier negotiation Quantity 52

Una

MARCH 23, 2023

For example, if there are delays in supplier onboarding or if there are issues with supplier performance , this can impact the overall procurement timeline. Stakeholder involvement: Stakeholder involvement is important in the procurement process, but it can also lead to delays.

Sourcing 98

Sourcing Procurement Procurement team Contract 98

Una

NOVEMBER 1, 2022

Investing in procurement technology , team training, and supplier relationship management will have greater rewards than short-term selections based on the lowest price or aggressive supplier negotiations. The Importance of Cross-Functional Collaboration. Looking beyond cost. Ready to get strategic? Related Posts.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

SCMDOJO

MARCH 19, 2024

In today’s fast-paced business landscape, having an efficient supply chain department is more important than ever. Here’s why a structured approach is important: Efficiency A structured department creates a clear division of labor and defines processes for procurement, production, distribution, and returns.

Supply Chain Optimization 98

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

SCMDOJO

APRIL 20, 2023

A procurement manager is deeply involved in identifying the procurement needs of the organization, researching potential suppliers, negotiating contracts, managing relationships with suppliers, and ensuring that procurement needs are met in a timely and cost-effective manner.

Management 116

Management Procurement Contract management Supply Chain Optimization 116

Una

JUNE 1, 2023

How to Improve Procurement Efficiency How to Improve the Procurement Process & Increase Cost Savings How to Put Sustainability at the Center of Your Procurement Strategy Become a negotiation guru through procurement One of the most exciting aspects of procurement is the art of negotiation.

Procurement 98

Procurement supply chain budgeting Sustainability Negotiation 98

NLPA (Next Level Purchasing Association)

MARCH 16, 2023

Perspective 1: CEO “As the CEO, I understand the importance of Spend Management in maintaining our organization’s financial health. However, I also recognize that we need to balance cost savings with the need to invest in the future.

Spend management 98

Spend management Management Procurement supply chain budgeting 98

SCMDOJO

JULY 3, 2023

The demand for qualified individuals keeps rising as businesses increasingly understand how important procurement is to their overall strategy. When selecting a programme for procurement training, keep the following important criteria in mind: Evaluate Your Current Goals Analyze your individual requirements and goals.

Cost of ownership 98

Cost of ownership Procurement Category management supply chain software solutions 98

Procurement Insights

DECEMBER 6, 2024

This lecture focuses on best practices in preparing for supplier negotiations, emphasizing the importance of cost transparency and strategic negotiation techniques.

Supply Chain Efficiency 52

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

Spend Matters

MARCH 27, 2024

A great use case for AI Having said that awareness, training and understanding the true nature of AI in procurement is important, David believes it is a business imperative to embrace it. One of the areas his team has begun deployment is incorporating the use of AI autonomous negotiation bots to drive improved working capital.

Procurement 112

Procurement Negotiation Supply Chain Efficiency Supply Chain Optimization 112

SCMDOJO

APRIL 29, 2024

We’ll also delve into the importance of technology and data analytics in optimizing supply chain operations. Sourcing: Sourcing is all about finding reliable suppliers, negotiating contracts, and managing relationships. It encompasses activities such as procurement, supplier selection, and evaluation.

Supply chain management 98

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

Una

SEPTEMBER 22, 2022

Factors to consider when purchasing IT range from supplier reputation and cost to support, reliability, fit-for purpose, and, most importantly, data. Negotiate & Award Contract. Negotiate contract terms that serve both parties and address factors like costs, terms and conditions, key deliverables, break clauses, and KPIs.

Procurement 98

Procurement Real-time Visibility Contract Purchasing 98

Pipefy

FEBRUARY 13, 2023

Procurement is the process businesses use to source and obtain goods/services from external suppliers to achieve strategic objectives and fulfill business needs or purchase requests. Purchasing then commences, including bid evaluations, contract negotiation, and the final sale. This amount of specificity demands acquisition planning.

Real-time Visibility 52

Real-time Visibility e2e Procurement Bidding 52

Skill Dynamics

MARCH 12, 2024

Throughout the course, attendees will learn about the importance of accurate and detailed information to make informed decisions in cost optimization strategies. Typical examples of common cost-saving opportunities include process improvements, supplier negotiations, and efficiency enhancements.

Cost optimization 69

Cost optimization Cost of ownership Procurement Strategy 69

Jaggaer

DECEMBER 13, 2024

Buyers and suppliers negotiate terms and conditions, including payment terms. Of course, there is an advantage for a supplier to negotiate immediate payment, or net zero as some finance departments call it. Likewise, customer intelligence or know your customer is the flip side of supplier intelligence.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Buyers Vendor relationships 52

Una

MARCH 20, 2024

Too many chefs, decision-making bottlenecks, red tape, risk-aversion, and bureaucracy all serve to put the brakes on and slow procurement down, which in turn decreases that all-important efficiency per FTE. Enterprise organizations have volume, which should provide them with hefty purchasing power in a supplier negotiation.

Purchasing 52

Purchasing Procurement team Supplier negotiation Negotiation 52

TYA Suite

NOVEMBER 15, 2024

This introduction to supplier risk management outlines the importance of effectively identifying and managing risks that may arise from suppliers. Supplier risk management is crucial for businesses, as it helps them mitigate potential challenges that can disrupt operations.

Risk management 40

Risk management Risk Suppliers Strategy 40