Jaggaer

FEBRUARY 5, 2025

Strategic Sourcing Simplified: Best Practices for Maximizing Value Strategic sourcing goes beyond cost savings its about making informed decisions that drive long-term value. Now well dive into best practices in these critical areas to ensure a more effective and resilient sourcing strategy.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

SCMDOJO

OCTOBER 28, 2024

Procurement professionals can contribute significantly to the S&OP process by providing valuable insights into supply chain dynamics, identifying potential risks, and optimizing sourcing strategies. Discuss bottlenecks in the supply of raw materials or alternate sources to procure balance and level production plans.

Procurement 97

Procurement Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 97

Procurement Tactics

AUGUST 11, 2022

Inventory Holding Cost — The Ultimate Guide of 2022. Inventory holding costs are one of the fees that an organization or business incurs. In this article, we will discuss what inventory holding cost is. Additionally, we will explain the components of inventory carrying costs and how they can be reduced. . Cost of capital.

Inventory 130

Inventory Real-time Visibility Negotiation Risk 130

SCMDOJO

FEBRUARY 15, 2025

These include alternative sourcing strategies, backup transportation routes, and emergency inventory reserves. For example, companies can use project management software to track supplier performance, monitor inventory fluctuations, and automate alerts for potential risks.

Project management 91

Project management Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 91

SCMDOJO

DECEMBER 29, 2024

However, it covers key differences between purchasing and procurement, explores common contract types, and emphasizes the importance of strategic sourcing, supplier relationships, and risk management. However, liquidation involves selling excess or unwanted inventory to convert it into cash.

Supply Chain Efficiency 95

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 95

Supply Chain Dive

MARCH 14, 2024

The company has revamped its procurement strategy to focus on acquiring inventory from distressed and overstocked retailers and brands.

Sourcing 134

Sourcing Procurement strategies Inventory Strategy 134

Supply Chain Dive

MARCH 14, 2024

Falling commodity costs have lifted margins, while leaner inventories have helped improve operations and reduced markdowns.

Sourcing 136

Sourcing Strategy Inventory 136

Strategic Sourceror

AUGUST 3, 2022

But with the COVID-19 lockdowns lifted and life largely back to normal, retailers appear to have overestimated consumer demand, with their inventories far exceeding the once torrid pace of sales. Retailers aim to reduce their inventory that is piling up due to slower sales. In response, their respective inventories have swelled.

Inventory 104

Inventory supply chain budgeting Supply Chain Optimization Consumer demands 104

Spend Matters

FEBRUARY 13, 2025

In his assessment, Utz previously excelled in the operational aspects of procurement, such as transacting business, supporting manufacturing operations and maintaining raw material inventory the day-to-day firefighting of procurement. For the most part, this did not prove a problem.

Influencing 103

Influencing Procurement supply chain budgeting Strategic sourcing 103

Spend Matters

NOVEMBER 19, 2024

He has spent about 20 years in supply chain and procurement, was involved in the sourcing of sustainable cocoa and confection for Unilever’s Ice cream brands and procured premium packaging and chemicals for Unilever’s Beauty and Wellbeing business. Risk mitigation requires strategic thought and conscious choices on sourcing.

Risk 111

Risk Strategy Agile and Lean Supply Chain Supply Chain Optimization 111

Procurement Templates

MARCH 3, 2024

I asked my assistant to help me mock up a strategic sourcing framework and she did a fairly good job but made a few mistakes. By the way, when doing sourcing preparations it doesn’t mean that you can’t work on multiple parts at once and go back and forth before the tender is issued but there is a typical order.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

SCMDOJO

MARCH 19, 2024

This is where the Life Cycle Inventory (LCI) comes into play. In this article, we dive deep into the world of Life Cycle Inventory, exploring its significance, methodology, and applications. What is the Life Cycle Inventory (LCI)? It includes determining the purpose of the study, the system boundaries (i.e.,

Inventory 98

Inventory Sustainability Raw materials Supply Chain Optimization 98

SCMDOJO

AUGUST 4, 2023

Are you tired of dealing with excessive inventory levels that eat up your storage space, tie up your capital, and hinder your company’s growth? If so, then it’s time to consider the numerous benefits of reducing inventory. Inventories are designed to match customer(s) demand. The same applies to inventory reduction.

Inventory 98

Inventory Supply Chain Efficiency Supply Chain Optimization Raw materials 98

SCMDOJO

DECEMBER 29, 2024

Moreover, this course offers a comprehensive overview of production and operations management concepts that covers: Process Improvement Quality Control Inventory Management. However, another fantastic thing about this course is that it is FREE. Head over to the course to be a pro at production and operations management.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain KPIs Supply Chain Efficiency Category management 98

ivalua

FEBRUARY 25, 2021

For example, a single-stack approach can lead to low user adoption, because the incumbent sourcing solution, for example, fails to meet the needs of various business units. . These features are extremely valuable, as they help healthcare organizations get to the next level of inventory and purchasing optimization.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

SCMDOJO

OCTOBER 30, 2024

For instance, a student struggling with inventory management concepts can receive supplementary materials, interactive simulations, and one-on-one tutoring sessions tailored to their needs. Conversely, a student who quickly grasps procurement strategies can be challenged with advanced case studies and leadership projects.

supply chain budgeting 97

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 97

IBM Supply Chain Blog

FEBRUARY 28, 2024

Sourcing is getting smarter. To start, many organizations have already pivoted from a tactical to a strategic sourcing mindset—which can make all the difference when it comes to gaining and retaining a competitive advantage. But now, the benefits of strategic sourcing are becoming even more attainable thanks to innovation.

Sourcing 94

Sourcing Strategy Supply Chain Efficiency e2e 94

Supply Chain Dive

FEBRUARY 27, 2024

The move is part of the company’s larger strategy to reclaim its position in off-price and closeout sourcing.

Inventory 132

Inventory Price Sourcing Strategy 132

Supply Chain Dive

JANUARY 14, 2025

Helen of Troy is continuing to pursue diversified sourcing despite uncertainty around U.S. trade policies.

Inventory 117

Inventory Sourcing 117

Supply Chain Dive

DECEMBER 11, 2023

As the discount retailer aims to speed up its supply chain and hold back costs, it has also opened a sourcing office in India.

Supply Chain Optimization 124

Supply Chain Optimization Inventory Supply chain Sourcing 124

Finale Inventory

NOVEMBER 18, 2024

Optimize Inventory Management Effective inventory management plays a crucial role in getting paid faster. Inventory Management Strategies: Real-time Tracking : Implement systems that provide up-to-the-minute visibility into your inventory levels. To help you get there faster, we’ve partnered with Bill360.

Real-time Visibility 59

Real-time Visibility Inventory Buyers Order Fulfillment 59

Let's Talk Supply Chain

FEBRUARY 27, 2025

The impending transformation, outlined in a recent report by Supply and Demand Chain Executive, is set to reshape the vrey foundation of ‍how goods and services are sourced, ‍managed, and delivered. Heightened focus on demand forecasting and inventory management. shifts in pricing strategies to maintain profitability.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain Demand 52

Procurement Tactics

SEPTEMBER 8, 2022

Additionally, it should not be confused with strategic sourcing which is more focused on the long-term approach. Strategic sourcing promotes the timely supply of goods or services that are needed to meet the objectives of an organization. . This course is a perfect fit for ambitious procurement & sourcing professionals.

Procurement 226

Procurement Purchase orders Purchasing Strategic sourcing 226

SCMDOJO

FEBRUARY 16, 2025

The Role of Agentic AI in Supply Chains Supply chains are dynamic and complex, requiring continuous decision-making across multiple functions, from procurement and inventory management to logistics and demand forecasting. Automates restocking processes to maintain optimal inventory levels.

Supply Chain Efficiency 72

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 72

Procurement Tactics

JUNE 8, 2023

This involves taking into account various factors such as demand variability, lead times, transportation costs, inventory holding costs , and other operational costs. If you want to determine the source of your products, you will also need data on manufacturing and raw material costs. Why is it Important?

Supply Chain Optimization 211

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency supply chain software solutions 211

Finale Inventory

JANUARY 27, 2025

Without proper upc check procedures, businesses risk inventory tracking errors, rejected shipments, and lost sales opportunities. If even one item has an invalid UPC, it could trigger a cascade of problems – from incorrect inventory counts to purchase order discrepancies.

Inventory 52

Inventory Supply Chain Efficiency supply chain software solutions Data 52

ivalua

NOVEMBER 26, 2020

While organizations continue to utilize low-cost regions like Asia, they are also employing strategies like “Asia plus one” or “China plus one” where they develop secondary sources in another region or another country to provide some insurance against regional or geopolitical disruption. Stalwarts of Business Planning Showing Cracks.

Agile and Lean Supply Chain 264

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Strategy 264

ivalua

FEBRUARY 8, 2023

Digital transformation will lead to the evolution and digitization of key procurement processes, from source-to-pay. This way, if one supplier is impacted by a disruption, you can source goods from another supplier. Perhaps 30 days of inventory isn’t enough in times of crisis, and terms should be updated.

Supply chain resilience 242

Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

Jaggaer

OCTOBER 24, 2024

In the retail sector, collaboration with suppliers can provide retailers with real-time information about inventory levels, enabling them to respond quickly to changes in consumer demand. This not only helps avoid stockouts but also reduces the need for excessive inventory, reducing overage and storage costs.

Collaboration 52

Collaboration Innovation Suppliers supply chain budgeting 52

Procurement Tactics

APRIL 6, 2023

From sustainable sourcing , production, storage, and delivery, it monitors if these processes may cause harm to the environment and society. However, to start with, you must first analyze your supply chain by starting to create an inventory of products and services you purchase, produce, and sell. How can it be improved?

Supply chain analysis 226

Supply chain analysis Sustainability Supply Chain Efficiency Supply Chain Optimization 226

Jaggaer

NOVEMBER 14, 2024

Forward-thinking organizations have transformed the department into an untapped gold mine that creates value for the entire end-to-end manufacturing process—from design and sourcing to production and delivery. An advanced source-to-pay platform is crucial for unleashing procurement’s potential and optimizing supply chain performance.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Chief Procurement Officer Supply Chain Optimization 52

Let's Talk Supply Chain

MARCH 5, 2025

This strategic shift involves leveraging advanced technology to optimize inventory management, enhance‍ order fulfillment processes, ‍and improve product availability. The implementation of ‍advanced data analytics not only‍ enhances inventory forecasting accuracy but also streamlines procurement processes.

Agile and Lean Supply Chain 52

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

Planergy

MARCH 18, 2025

Download Free Copy Supply Chain Disruptions in Schools: Challenges and Solutions Category Inventory Written by Keith Murphy 17 min read Tags Education Risk Management Supply Chain Management Last edited March 18, 2025 Download PDF KEY TAKEAWAYS Efficient school supply chains are critical for maintaining consistent educational services.

supply chain budgeting 52

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

Procurement Tactics

MAY 8, 2023

At its core, it is the integration of all the partners in the supply chain where important and critical information from all sources is gathered and shared with all the trading partners in the supply chain. Reduction of inventory costs precise demand forecasting minimizes stock shortages and enhances comprehension of production requirements.

Supply Chain Efficiency 200

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 200

Let's Talk Supply Chain

MARCH 24, 2025

representing data as nodes and relationships, companies can easily track the flow of products, identify bottlenecks, and optimize their inventory levels in real-time. representing data as nodes and relationships, companies can easily track the flow of products, identify bottlenecks, and optimize their inventory levels in real-time.

Agile and Lean Supply Chain 52

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

IBM Supply Chain Blog

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. And from that group, 71% would pay a premium for it.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

Procurement Insights

NOVEMBER 21, 2023

In my December 2019 post , Sorry, Charlie, there is something wrong with the world’s seafood supply chain I talked about consumer demand for tracking the seafood industry from source to plate. Here is my comment on their post regarding at which point should end-to-end, source-customer visibility begin in the manufacturing process?

e2e 86

e2e Real-time Visibility Sourcing Consumer demands 86