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?

supply chain budgeting 192

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

Let's Talk Supply Chain

FEBRUARY 27, 2025

Technology integration: ‍ The integration of advanced technologies like autonomous vehicles and route optimization software is expected to streamline operations and potentially reduce costs,influencing the direction of trucking rates.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain supply chain software solutions 52

Procurement Tactics

JULY 19, 2023

A recent study conducted by Oracle revealed that a staggering 82% of American consumers express concern over the potential impact of supply chain disruptions, such as delivery delays. This highlights the significant influence of warehouse management, which serves as a vital element within the transport and logistics sector.

Supply Chain Optimization 170

Supply Chain Optimization Supply Chain Efficiency supply chain software solutions Supply chain 170

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 8 US Appliance Parts Suppliers — Top Factors, Choosing Guidelines, Pricing, and Review The US appliance parts industry experiences a period of significant growth and transformation. ” – Sharon S.

Price 183

Price Suppliers Negotiation Quality 183

Procurement Tactics

JULY 4, 2023

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. Importance of Should Cost Model A should-cost model is an essential tool for procurement and supply chain organizations. 2.5% -1.2%

Raw materials 209

Raw materials supply chain software solutions supply chain budgeting Price 209

SCMDOJO

JUNE 27, 2024

In an era where efficiency equates to competitive advantage, the oil industry’s supply chain management plays a pivotal role in determining a company’s profitability and sustainability. What Are the Key Components of an Oil Company’s Supply Chain? How Do Global Market Conditions Affect Oil Supply Chains?

Supply Chain Efficiency 98

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

Supply Chain Game Changer

SEPTEMBER 23, 2020

Subscribe to Supply Chain Game Changer. Freight mode optimization article and permission to publish here provided by Adam Robinson at FreightWaves.com. The ability to unlock freight optimization and gain meaningful insights to monitor, measure and improve supply chain management is more critical than ever.

Supply Chain Optimization 91

Supply Chain Optimization Supply Chain Efficiency Supply chain Supply chain management 91

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

Supply Chain Game Changer

JULY 1, 2021

Subscribe to Supply Chain Game Changer. Packaging optimization article and permission to publish here provided by Mariana Wilona. If there is any stage that can affect the supply chain process, it is the packaging. Here are factors worth your consideration about this critical supply chain management element.

Supply Chain Optimization 95

Supply Chain Optimization supply chain budgeting supply chain software solutions Supply chain management 95

Supply Chain Game Changer

MARCH 14, 2022

Subscribe to Supply Chain Game Changer. Supply Chain Education and Certification – What’s Missing? If you’re looking to start or improve your career in the field of supply chain management courses, you might be wondering where to start. Supply Chain Management Courses.

Supply chain management 115

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 115

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. Importance of Make vs Buy in Supply Chain The Make vs Buy Analysis is critical for optimizing supply chain operations.

Supply Chain Efficiency 98

Supply Chain Efficiency supply chain budgeting Supply chain management Supply chain management 98

Procurement Insights

MARCH 16, 2025

Contextualized Spend Analysis & Cost Optimization AI models use MCP to remember previous spend categories, budget constraints, and organizational purchasing behavior. pricing trends, geopolitical risks) and contextually compare it with internal procurement data. ABM simulates market dynamics and predicts future supply chain risks.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

Procurement Templates

DECEMBER 11, 2024

Personal Objective (Procurement Specialist): Negotiate supplier contracts with at least five key vendors to secure better terms, including price reductions, bulk discounts, and extended payment terms, by the end of Q2. Action: Implement AI-powered supplier scoring models to predict supplier risks before issues arise.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

Supply Chain Opz

NOVEMBER 9, 2014

Companies of all sizes have been capturing the value from Global Supply Chain to increase the economies of scale and scope for years. In this article, we will show you tips from worldwide experts that you can use to streamline your global supply chain operations. However, you may wonder what kind of practices really work.

Agile and Lean Supply Chain 109

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 109

Procurement Insights

JANUARY 3, 2025

Impact of Globalization and Supply Chain Complexity : The complexity of global supply chains highlighted procurement’s role in managing risks, ensuring continuity, and driving efficiencies. CIOs recognized procurements role in optimizing IT spend and driving efficiency.

Agile and Lean Supply Chain 52

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

Supply Chain Game Changer

JANUARY 5, 2021

Subscribe to Supply Chain Game Changer. Purchase Price Variance, or PPV, is a common term in the realm of Purchasing/Procurement and Finance. In my experience proactive, attentive, and detailed Purchase Price Variance (PPV) can make an incredible contribution to the profitability of a company. Subscribe Here!

Price 82

Price Purchasing Supply Chain Optimization supply chain budgeting 82

SCMDOJO

JANUARY 17, 2024

Managing the supply chain involves the delicate art of aligning your product supply precisely with customer demand. That is to say, there isn’t one single career in supply chain management. That is to say, there isn’t one single career in supply chain management. Planners do exactly that.

Supply chain management 98

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 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. Your focus here is to get security of service at a good price. Draw up a portfolio of suppliers incumbents and alternatives.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Efficiency Sourcing 52

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?

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

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 Game Changer

AUGUST 6, 2020

Subscribe to Supply Chain Game Changer. The Digital Supply Chain Road is Full of Potholes, Construction and Accidents! This Digital Twinning of Supply Chains article focuses on transformative ideation of transport & logistics value chains. The physical supply chain is not easily changeable.

Supply Chain Optimization 78

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 78

The Network Effect

OCTOBER 31, 2014

Today I want to talk about some of the processes and management strategies that can be used to help a supply chain on the journey from ‘good’ to ‘great’ To read more about this subject and related themes, I suggest you read the new whitepaper, Supply Chain’s New World Order” , Visibility and Measurement.

Supply Chain Optimization 80

Supply Chain Optimization supply chain software solutions Supply Chain Efficiency Supply chain 80

Skill Dynamics

JANUARY 14, 2025

Strong negotiation can lead to cost savings, more advantageous counteract terms, and overall a much more optimized procurement chain. It also allows you to develop stronger relationships with your suppliers, allowing your supply chain to become more resilient and perhaps even unlocking some cost efficiencies through your suppliers.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

Procurement Insights

MAY 26, 2024

Thai Union exercised an outsized influence on the Company’s shrimp purchasing,” Red Lobster alleged in its bankruptcy filing. ” Aldi is already known for its low prices (especially with those monthly Aldi Finds ), but the fan-favorite retailer is about to offer us even more ways to save money. That’s right.

Supply Chain Efficiency 89

Supply Chain Efficiency Supply Chain Optimization Supply chain Networking 89

Procurement Templates

APRIL 15, 2024

These traits can influence various aspects of decision-making, including procurement decisions in businesses. Here’s how each of these traits might influence procurement: Openness to Experience: Innovation Preference: Individuals high in openness tend to be more open to new ideas, technologies, and approaches.

Influencing 130

Influencing Negotiation Risk Innovation 130

Procurement Insights

JUNE 3, 2024

Here is what came out of the AI world: A well-aligned pricing strategy in retail is crucial. Retailers must consider various factors, including cost, competition, and customer value, to optimize pricing and achieve business success. 2019 – SOS: How can the supply chain make GOOD food more affordable for the masses?

Supply Chain Optimization 87

Supply Chain Optimization Price Supply chain Strategy 87

Supply Chain Game Changer

AUGUST 30, 2022

Subscribe to Supply Chain Game Changer. The Single Point of Failure in Supply Chain – Semiconductor Fabrication! In fact these models are not just used casually, but they often are designed to inform and make optimal sourcing choices. But price is ALWAYS included. The total weighting will be 100%.

Cost of ownership 103

Cost of ownership Supply Chain Optimization Procurement Price 103

Solvoyo

FEBRUARY 10, 2020

NOAA, the National Oceanic and Atmospheric Administration in the US, reports that the five-day weather forecasts are approximately 90% accurate, 80% for the next seven-days, establishing an acceptable level of accuracy for this crucial external input for supply chain planning, especially short-term demand forecasting.

Influencing 59

Influencing Demand supply chain software solutions Supply Chain Optimization 59

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.

supply chain software solutions 147

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

ivalua

OCTOBER 8, 2021

During the pandemic, Procurement flexed its muscle, helping to mitigate supply chain disruptions and enable new channels for engaging with customers and fulfilling orders. Here are four ways leading Procurement organizations can influence retail recovery in 2021 and beyond: 1. Optimize New Spend . Rethink What’s Normal.

Procurement 130

Procurement Supply Chain Optimization Procurement team Purchasing 130

Finale Inventory

SEPTEMBER 26, 2024

With a perfect storm of factors in play—ranging from shifting consumer habits and economic pressures to supply chain hiccups—this season will be anything but predictable. Beyond that, shopping will start earlier and will be extra sensitive to pricing fluctuations, adding items to carts to track price over time.

Supply Chain Optimization 111

Supply Chain Optimization Real-time Visibility Inventory Supply Chain Efficiency 111

Jaggaer

MARCH 19, 2025

Of course, the political systems in each country influence what can and cannot be done. Procurement today has three overarching objectives: to maximize profitability, minimize risk, and optimize sustainability. The second has become more pronounced in recent years, notably with the Covid pandemic and supply chain disruptions.

Contract management 52

Contract management supply chain budgeting Sustainability Influencing 52

Supply Chain Game Changer

MARCH 9, 2022

Subscribe to Supply Chain Game Changer. Procurement operations are the backbone of every company’s supply chain. Fundamental to procurement is the acquisition of goods and services from a party that’s further up the supply chain. appeared first on Supply Chain Game Changer™.

Procurement 108

Procurement Supply Chain Efficiency Supply Chain Optimization supply chain budgeting 108

Spend Matters

OCTOBER 22, 2024

Autonomous sourcing Autonomous sourcing leverages AI and automation to streamline the entire source-to-pay (S2P) process, optimizing tasks like vendor selection, cost management and risk assessment. With PPO, companies can secure a competitive price whenever they buy.

Procurement 109

Procurement Procurement team Supply Chain Efficiency Sourcing 109

Supply Chain Game Changer

SEPTEMBER 4, 2019

Subscribe to Supply Chain Game Changer. 5 Social Media Tips for Supply Chain Leaders! Article written for Supply Chain Game Changer by, and permission to publish here provided by, Daniela McVicker. Content has never been at the forefront of supply chain companies’ marketing strategies.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supply chain Supply 52

Arkestro

JANUARY 18, 2023

Predictive procurement is the key to securing raw materials at the right price and time. But beyond impacting cost, factors like economic uncertainty, supply chain disruption, and changing consumer preferences are transforming procurement in the industry. But driving prices was even more important than managing this complexity.

Raw materials 94

Raw materials Procurement supply chain budgeting Supply Chain Efficiency 94

SCMDOJO

APRIL 20, 2023

From overseeing purchasing activities, negotiating with vendors, and managing supplier relationships to ensuring compliance with regulations and optimizing procurement strategies, this template will help you understand the core duties and qualifications expected of a Procurement Manager.

Management 116

Management Procurement Contract management Supply Chain Optimization 116