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). al has highlighted the below factors and their causal relationships that influence CPI. A CPI of 0.83

supply chain budgeting 52

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

SCMDOJO

AUGUST 21, 2023

Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supply chain!” In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. Discover the Top 10 TikTokers reshaping how you view supply chains.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 98

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. In some categories it makes sense to conduct a competitive sourcing event, for example an online auction using eSourcing software.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Efficiency Sourcing 52

Procurement Tactics

JULY 23, 2023

His ideas greatly influenced the development of Kaizen. For example, in a customer service department, all employees should have identical workstations equipped with the same tools, such as computers, phones, and relevant software. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2.

Agile and Lean Supply Chain 196

Agile and Lean Supply Chain Supply Chain Efficiency Procurement team Quality 196

Procurement Software

FEBRUARY 14, 2023

If you’re more of an audio person, we also ran a recent episode of the podcast covering some of these, which you can access here: What are the top 10 criteria to consider when buying procurement software? Or, more specifically, what type of cost model does the procurement software provider use for their pricing?

supply chain software solutions 72

supply chain software solutions Procurement Price Sourcing 72

Jaggaer

OCTOBER 24, 2024

Building Stronger Relationship s : Effective Approaches to Multi-Tier Supplier Collaboration A chain is only as strong as its weakest link—but what if you can’t evaluate the entire chain? Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

Supply Chain Trend

AUGUST 13, 2020

Preview In his 2019 Foresight article, Niels van Hove examined eight technological hurdles that must be overcome to enable autonomous or ‘lights out’ supply-chain planning. He reasoned that to support such planning we need to implement a third wave of integrated supply-chain planning software. Key Points.

supply chain software solutions 147

supply chain software solutions Supply Chain Optimization supply chain budgeting Supply chain 147

Procurement Templates

JUNE 18, 2023

They may use various monetary and fiscal policies, such as adjusting interest rates, implementing open market operations, or controlling government spending, to influence inflation levels. This can help in negotiating better prices and mitigating the impact of inflation from a particular supplier.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Procurement Software

APRIL 23, 2024

Spend analytics software would be the first tech investment I’d make in a greenfield Head of Procurement role. To do this quickly and efficiently, spend analytics software is your best friend. This usually justifies the business case to invest in spend analytics software to categorise this quickly and more easily.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Supply Chain Efficiency supply chain budgeting 52

SCMDOJO

APRIL 3, 2022

Procurement specialists can use eAuctions to engage and negotiate with more vendors utilizing an organized approach which thus eliminates any need for cumbersome one-on-one meetings. Digital bidding, or eAuctions, are a more efficient way of negotiating with vendors in the international market.

Supply Chain Efficiency 141

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 141

Procurement Software

JANUARY 26, 2025

Increasing inflationary cost pressures, more supply chain disruptions, and the imperative for more transparency to satisfy Corporate Social Resposibilty (CSR) directives, or recent legislation in countries like Germany and Norway. Once we have this, CPOs or Heads of Procurement can wield more influence in strategic decision-making.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Category management Agile and Lean Supply Chain 52

Supply Chain Game Changer

FEBRUARY 9, 2022

Subscribe to Supply Chain Game Changer. There is a lot of project management software on the market. One of the most popular project management software is Asana , and in addition to this program, there is Trello, Basecamp, and Rocketlane. Criteria for comparing project planning software. Subscribe Here!

Project management 80

Project management supply chain software solutions Management supply chain budgeting 80

Procurement Zen

JUNE 11, 2019

Throughout the years I have learned a lot of negotiation tactics. So negotiations. fear from taking influence (especially in business negotiations). The purpose of negotiations is gaining influence over your counterpart. But you must accept that influence is important. A good negotiator sets anchors.

Negotiation 52

Negotiation Influencing Price Import 52

Let's Talk Supply Chain

JUNE 4, 2023

In today’s episode of Women in Supply Chain , I’m joined by Juliette Samson – a powerhouse supply chain and IT leader who uses transformational strategies to influence multi-million-dollar revenue growth.

supply chain software solutions 52

supply chain software solutions Supply Chain Optimization Supply chain Supply 52

Procurement Software

MARCH 11, 2022

And therein lies the problem of getting procurement to have a bigger influence on companies’ bottom line. Here are just a few examples of how top procurement software solutions can move the needle and drive better results from your existing procurement team. How can investing in digital procurement lead to a better P&L?

supply chain software solutions 52

supply chain software solutions Procurement Real-time Visibility Raw materials 52

Procurement Software

MARCH 11, 2022

And therein lies the problem of getting procurement to have a bigger influence on companies’ bottom line. Here are just a few examples of how top procurement software solutions can move the needle and drive better results from your existing procurement team. How can investing in digital procurement lead to a better P&L?

supply chain software solutions 52

supply chain software solutions Procurement Real-time Visibility Raw materials 52

SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. Sourcing plays a crucial role in building strong supplier relationships and achieving cost-effectiveness in the supply chain. Stocking: Stocking relates to the physical storage and management of inventory within a supply chain.

Procurement 105

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

Spend Matters

APRIL 4, 2024

To clarify this, Bertrand Maltaverne works through the different influences on a GenAI’s design and the degrees that a GenAI may be implemented. Learn More AI Basics With the explosive expansion of AI, you might have missed out on the chance to learn what an AI actually is, how it works and what it can do.

Procurement 106

Procurement Raw materials Risk management supply chain software solutions 106

Procurement Heads

JANUARY 10, 2023

Lots has changed, lots in the economy, the wider society, and geo-political events as well all impacting the supply chain as well as the pandemic, the list is almost endless. It is very straightforward advice and that is to learn how to get on with people and how to influence them in the right way. It seems like a lifetime ago!

supply chain software solutions 130

supply chain software solutions Supply Chain Efficiency Negotiation Supply chain 130

Let's Talk Supply Chain

OCTOBER 30, 2023

Today I’m joined by forward-thinking tech company Beacon Technologies – a brand that says, when it comes to supply chain, they believe in power to the people! Beacon’s supply chain visibility platform is a central hub for real-time ocean and air freight tracking, supply chain performance analytics and carbon emissions reporting.

Real-time Visibility 52

Real-time Visibility Supply Chain Visibility supply chain software solutions supply chain budgeting 52

Arkestro

JANUARY 18, 2023

But beyond impacting cost, factors like economic uncertainty, supply chain disruption, and changing consumer preferences are transforming procurement in the industry. The Deloitte report points out that supply chain will need to consider different strategies to meet the changes coming.

Raw materials 94

Raw materials Procurement supply chain budgeting Supply Chain Efficiency 94

The Good Spending

AUGUST 23, 2022

You may have negotiated extra physical items or software licenses above the existing need, extended the warranty period beyond the default, or improved the SLA from Bronze to Silver. Cash flow improvement is achieved by negotiating favorable payment terms and using supplier or country of origin trade financing vehicles.

Procurement 98

Procurement supply chain budgeting Supply Chain Optimization Budget 98

ivalua

JULY 21, 2020

Procurement has been uniquely placed on the business front line of this crisis in helping to pivot supply chains from producing make-up to face masks and to finding thousands of items of remote working equipment overnight, or from manufacturing parts for car engines to ventilators. Agreement on the table stakes, non-negotiable .

Procurement team 130

Procurement team Collaboration Procurement supply chain budgeting 130

Shapiro Negotiations Institute

MARCH 6, 2025

When your prospect mentions their supply chain headaches, you can share how a similar company cut their logistics costs by 30%. When a prospect mentions their software migration is “going fine,” that slight hesitation might tell you more than a 20-page requirements doc. Don’t be that guy. Learn more here.

Strategy 40

Strategy Agile and Lean Supply Chain Negotiation supply chain budgeting 40

World of Procurement blog

APRIL 23, 2024

The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. This process not only influences the direct cost of production but also affects the overall efficiency of the project or organization.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

World of Procurement blog

APRIL 23, 2024

The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. This process not only influences the direct cost of production but also affects the overall efficiency of the project or organization.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

Finale Inventory

AUGUST 14, 2024

Hospital supply chain management plays a key role in the efficient operation of healthcare organizations. In an industry where patient care is paramount, having a well-managed supply chain is important for ensuring timely delivery of medical equipment, medications, and other necessary supplies.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply chain management Supply chain management Supply Chain Efficiency 52

Finale Inventory

JULY 1, 2024

Are you interested in learning about the world of the F&B supply chain? In this article, we will walk you through the basics, key components, role of inventory management, challenges, and technological innovations in the F&B supply chain. One important aspect of the F&B supply chain is inventory management.

Supply Chain Efficiency 40

Supply Chain Efficiency Supply Chain Optimization Inventory supply chain software solutions 40

Jaggaer

JUNE 28, 2024

In the first we looked at what supply chain managers can manage and influence , and what they can’t, and what action they should take. In the second half of our recent webinar Iain Prince, Operational Transformation & Supply Chain Partner at KPMG, asked a series of provocative rhetorical questions.

supply chain software solutions 52

supply chain software solutions Supply Chain Optimization Supply chain management Supply chain management 52

Arkestro

MARCH 27, 2024

After years of focusing on cost reduction, the majority of procurement leaders say they plan to spend more and increase workloads in 2024, meaning procurement buyers will have more power to influence change and optimize spend across the entire supply chain. But what does a procurement buyer do, exactly?

Buyers 52

Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

SCMDOJO

JULY 11, 2023

If you’re considering a career in supply chain management , you may be wondering about the potential salary you can expect. Watch this vlog to understand Why Supply Chain Management is a Great Career Choice. Watch this vlog to understand Why Supply Chain Management is a Great Career Choice.

Supply chain management 40

Supply chain management Supply chain management supply chain software solutions Supply Chain Optimization 40

Arkestro

OCTOBER 5, 2023

Spend Matters Just the facts Arkestro can help oil and gas companies to: Reduce friction with suppliers Speed up negotiations Automate manual tasks to increase efficiency Amplify procurement’s influence to achieve optimal outcomes Get in touch Other oil and gas resources Leveraging Procurement Software for a More Resilient Oil & Gas Supply Chain (..)

Supply Chain Optimization 52

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

World of Procurement blog

APRIL 23, 2024

Procurement analytics is the process of collecting, processing, and analyzing data related to an organization's purchasing activities to improve efficiency, reduce costs, and provide valuable insights into supply chain operations.

Procurement 52

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

World of Procurement blog

APRIL 23, 2024

Procurement analytics is the process of collecting, processing, and analyzing data related to an organization's purchasing activities to improve efficiency, reduce costs, and provide valuable insights into supply chain operations.

Procurement 52

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

Finale Inventory

AUGUST 22, 2024

They form the backbone of your supply chain, ensuring a consistent and uninterrupted flow of goods. Reliable suppliers also minimize the risk of delays, product shortages, and other supply chain disruptions that could negatively impact your business.

Suppliers 52

Suppliers Real-time Visibility Supply Chain Efficiency supply chain software solutions 52

Arkestro

MAY 14, 2024

Some procurement professionals are hesitant to embrace the future, fearing that the learning curve for predictive procurement orchestration (PPO) software is too difficult, time-consuming, or costly. David Schultz, the company’s Chief Supply Chain executive, said the fast results melted away his initial apprehensions.

Data 52

Data supply chain software solutions Procurement Procurement team 52

Arkestro

FEBRUARY 20, 2024

in 2023 , even as organizations continue to grapple with talent shortages, budget cuts, supply chain issues, and global inflation. Predictive procurement is a modern approach to supply chain management that leverages data analytics , machine learning, and game theory to forecast and optimize purchasing activities.

supply chain budgeting 52

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