Procurement Tactics

MARCH 16, 2023

It aims to ensure that the goods and services that the business needs are delivered on time and purchased within the budget. Additionally, it involves a careful analysis of supplier selection, payment terms, contract negotiation, and acquisition of goods. Why is it important? What is a procurement strategy?

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

SCMDOJO

SEPTEMBER 26, 2023

Supply Chain Software If you make physical goods for customers, then you have a supply chain to manage. Poorly managed supply chains tend to cause delays and demand shortages, potentially resulting in lost customers. This involves the ordering of materials, assembly, and warehousing of goods.

Supply Chain Efficiency 98

Supply Chain Efficiency Supply Chain Optimization supply chain software solutions supply chain budgeting 98

IBM Supply Chain Blog

JANUARY 25, 2024

For many years, businesses favored just-in-time operations as the most logical approach for managing inventory and minimizing holding costs. However, recent disruptions in the global supply chain, due to the pandemic and geo-specific issues, have caught many off guard. A 40% reduction in inventory costs.

Supply Chain Optimization 73

Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain Inventory 73