Procurement Insights

MARCH 23, 2025

Quantitative Effect: A 2023 GEP report estimates 5-10% quality improvement in procurement-driven categories due to better vendor management. For instance, logistics savings (10% of $75M, prior automotive response) reflect optimized supplier schedules, lifting rates from 85% to 90-95%. Real-time data and AI (e.g.,

Real-time Visibility 52

Real-time Visibility Quality Supply Chain Efficiency Collaboration 52

SCMDOJO

DECEMBER 14, 2023

Comprehensive Services: Offers a broader range of services, including market research, logistics coordination, and risk mitigation. Logistics and Shipment Management: Smooth Transitions Across Borders Coordinating the logistics of shipping goods across borders is a complex task. Hire the Expert Now or Start a Chat!

Sourcing 104

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

SCMDOJO

APRIL 22, 2022

The topic, Application of NFTs in Supply Chain Management, is buzzing in the supply chain & logistics space. Supply chain collaboration is of recent origin where the industry witnessed VMI (Vendor Managed Inventory) & CPFR (Collaborative Planning Forecasting & Replenishment). Challenges .

Supply Chain Efficiency 137

Supply Chain Efficiency Supply chain Real-time Visibility Supply 137

Una

JANUARY 17, 2023

Other delays are caused by a lack of standardization and coordination among agencies, logistical challenges such as transportation and warehousing, as well as issues with documentation and communication. Vendor Management and Mitigating IT Supplier Risk. Smart contracts. Share on Social. Subscribe to our Newsletter.

Supply Chain Efficiency 98

Supply Chain Efficiency Supply Chain Optimization Supply chain Real-time Visibility 98

SCMDOJO

MARCH 19, 2024

These functions include procurement, production planning, inventory management, logistics, and customer service. Demand Planning and Inventory management Inventory management is crucial for ensuring adequate stock levels and minimizing carrying costs. Optimizing logistics processes to minimize costs and reduce lead times.

Supply Chain Optimization 98

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

TYA Suite

OCTOBER 27, 2024

For example, if a vendor consistently delivers late or fails to meet quality standards, the procurement team can use the software to flag these issues and initiate discussions with the vendor to address the problems. Integration with supply chain management systems enables better coordination with suppliers and logistics providers.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

Finale Inventory

JULY 18, 2024

The Significance of Safety Stock in Inventory Management: Maintain safety stock levels to handle unexpected demand fluctuations or supply chain disruptions. The Advantages of Vendor-Managed Inventory: Collaborate with vendors to use vendor-managed inventory systems.

Inventory 98

Inventory Supply Chain Efficiency Management Real-time Visibility 98

Planergy

MARCH 18, 2025

Procurement Items like textbooks, computers, cleaning supplies, and food come from vendors. Delivery and Logistics Transportation is a key component, since goods must be distributed to the right locations, whether its individual schools in a district or specific facilities.

supply chain budgeting 52

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

SCMDOJO

AUGUST 16, 2023

Utilizing Walmart’s Own Trucking System and Cross-Docking Logistics Another critical factor contributing to Walmart’s supply chain success is the utilization of its private trucking system and cross-docking logistics.

Supply Chain Efficiency 98

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

Procurement Tactics

JULY 14, 2022

A procurement service provider can provide e-procurement hosting, management services, vendor management, supplier risk assessment, and writing contracts. . Their services can include managing the whole end-to-end process of the project.

Procurement 130

Procurement Supply Chain Efficiency Negotiation Strategic planning 130

Supply Chain Opz

OCTOBER 29, 2013

As a matter of fact, there are so many practices invented by practitioners like us that have very strong influences over the academic world, for example, Vendor Managed Inventory, Theory of Constraints, SCOR Model, S&OP or CPFR. Then the body of knowledge has been extended and there are many new lean tools (applied research).

Agile and Lean Supply Chain 91

Agile and Lean Supply Chain Supply chain Supply Supply chain management 91

SCMDOJO

OCTOBER 14, 2023

Streamlined Supplier and Vendor Management : Managing supplier and merchant connections are basic in the store network. Risk Management It records and manages all the data and operational history, includes all details about the supplier or vendors and relevant documents, and keeps it immutable.

Supply Chain Efficiency 105

Supply Chain Efficiency supply chain software solutions Supply chain management Supply chain management 105

SCMDOJO

NOVEMBER 2, 2023

Expertise: Sourcing, Supply Chain Analysis, Logistics & Transportation, Logistics Management Consulting, Freight (Maritime, Land, or Air), Logistics Technology Solutions. Primarily focused on Supply Chain, Warehousing, Logistics, S&OP and Inventory Management.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 59

Skill Dynamics

OCTOBER 19, 2023

This is all done alongside the achievement of cost-effective procurement and robust vendor management. Relying on a single supplier can pose risks if that supplier faces problems such as logistics disruptions or quality issues. The disadvantage of this sourcing strategy is risk concentration.

Supply Chain Optimization 52

Supply Chain Optimization Strategy Procurement Vendor management 52

Supply Chain Game Changer

AUGUST 18, 2022

Overcoming Vendor Management Challenges! Written business agreements and contracts, such as a Vendor Agreement, are vital parts of a business. Given the importance of vendors to the business supply chain, few business owners appreciate the importance of drafting an agreement while employing one. Subscribe Here!

Contract 93

Contract Supply Chain Efficiency Supply Chain Optimization Risk 93

SCMDOJO

JUNE 28, 2024

Through their knowledge of logistics, operations, and strategic planning, women are forging successful careers and making a substantial impact on this sector. Deep knowledge of procurement, sourcing, vendor management, and category management in different categories.

Supply Chain Optimization 93

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 93

Supply Chain Game Changer

NOVEMBER 16, 2021

Paradigms around outsourcing, strategic inventory positioning, single versus dual sourcing , single tier vs. multi-tier vendor management, just in time viability, and the technology that makes these practices work, have all been called in to question. Employee acquisition, development and retention will be of paramount importance.

Supply chain 89

Supply chain Real-time Visibility e2e Supply 89

Jaggaer

DECEMBER 2, 2019

I especially use the solutions for complex logistics: Vendor Managed Inventory, call-off, Kanban, and more. I have a lot of help! To get a grip on all the orders, I use JAGGAER, a globally recognized for procurement optimization. As soon as an order arrives, this is processed immediately and made available.

Procurement 65

Procurement Raw materials supply chain budgeting Supply Chain Optimization 65

Spend Matters

NOVEMBER 2, 2023

Travel and Expense management leveraging SAP Concur is an easy plug in for travel spend management and all spend flowing through expense reporting. unified supplier profiles), UX (improved onboarding process) and integration enhancements on both the buy-side and sell-side to enhance the individual product areas that they belong to.

Networking 114

Networking Spend management Suppliers Supply Chain Optimization 114

Pipefy

JANUARY 11, 2023

At the same time, this collaboration helps procurement teams understand the vendor’s processes and requirements, which establishes alignment and prevents miscommunications, delays, or errors. Previously, businesses relied on personal connections and individuals to establish, nurture, and manage relationships with their vendors.

Vendor relationships 59

Vendor relationships Management Procurement team Vendor management 59

Planergy

NOVEMBER 29, 2022

Simplified Logistics Due to Working with Fewer Companies. Streamlining your supply chain and working with fewer vendors make it much easier to plan, track, and direct your shipping operations. So if you’re looking for a way to simplify your logistics processes, look no further than consolidating your supplier base.

Supplier consolidation 52

Supplier consolidation Suppliers Risk supply chain budgeting 52

Let's Talk Supply Chain

JUNE 4, 2023

She has managed organizations of 100+ personnel with varying roles from business management to technical engineers. Additionally, her deep experience in technology, vendor management and contract negotiations led to significant savings in each of her various global multi-site roles.

supply chain software solutions 52

supply chain software solutions Supply Chain Optimization Supply chain Supply 52

SCMDOJO

MARCH 8, 2024

Vendor Managed Inventory (VMI): VMI is a collaborative approach where suppliers manage inventory levels for their customers. About the Author – Roberto Köster Roberto Köster, with over 15 years of experience in supply chain management, logistics, and warehousing within the manufacturing industry.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency Inventory Strategy 98

Arkestro

OCTOBER 10, 2023

Vendor Management Global inflation, geopolitical issues across Europe and Asia, and a slew of other factors are making vendor management increasingly difficult for today’s oil and gas companies. They span the globe and involve multiple stakeholders, intricate logistics, and myriad interconnected processes.

Agile and Lean Supply Chain 52

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

Supply Chain Opz

JUNE 1, 2014

The key ingredients of Dell''s supply chain are the partnership with suppliers, part modularity, vendor managed inventory program, demand management and mass customization. Cost of inbound logistics is not taken into account. . - Dell is one of the classic supply chain case studies of all time.

Agile and Lean Supply Chain 95

Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Supply chain 95

Finale Inventory

JULY 16, 2024

The Power of Vendor-Managed Inventory Vendor-Managed Inventory (VMI) is a collaborative inventory management approach where suppliers monitor and replenish stock levels on behalf of the retailer. With VMI, the responsibility for inventory management shifts from the retailer to the supplier.

Inventory 52

Inventory Strategy Management Real-time Visibility 52

The Good Spending

AUGUST 16, 2022

Other peers around the company overlap with us in their functions - Technology tends to manage suppliers , Finance owns the demand planning and budgeting, and Sales and Marketing monopolize the end-customer value chain. Shadow procurement, supply chain, and logistics have become standard for many companies.

Supply Chain Efficiency 52

Supply Chain Efficiency Collaboration Supply Chain Optimization supply chain budgeting 52

Finale Inventory

AUGUST 16, 2024

However, JIT requires precise demand forecasting, strong supplier relationships, and efficient logistics. Additional Strategies for Inventory Optimization Implementing an ABC analysis can further refine inventory management. Implementing a vendor-managed inventory (VMI) system can also enhance inventory organization.

Inventory 52

Inventory Strategy Supply Chain Efficiency Order Fulfillment 52

Supply Chain Game Changer

NOVEMBER 7, 2018

And they had no experience or expertise in global procurement, sourcing, or vendor management. The analysis had been completed and the total operating costs, including freight and logistics, had determined that a low-cost geography made the most sense given customer and company requirements. Sure there was some of that.

Supply Chain Efficiency 58

Supply Chain Efficiency Supply Chain Optimization Supply chain Supply 58

Supply Chain Game Changer

NOVEMBER 15, 2018

Vendor Managed Inventory (VMI) programs can help to ensure goods are held as low in the Supply Chain as possible yet be accessible quickly. SupplyChain #Business #SCM #Leadership #Inventory #Logistics. For instance you can work with your suppliers to differentiate the order lead time from the replenishment lead time.

Strategy 48

Strategy Bill of materials Supply Chain Efficiency Inventory 48

Procurement Software

JANUARY 23, 2024

It offers solutions for vendor management, sourcing, and productivity. Gryn GRYN is a sustainability software company that offers a carbon management platform designed for logistics companies and shippers. The software simplifies carbon management and engages stakeholders across the supply chain.

Procurement 52

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

Procurify

AUGUST 23, 2022

These methods can help businesses flourish; consider the Kenco Group , a Chattanooga-based firm recently examined in an Inbound Logistics article. Cutting out waste and increasing efficiency are key goals for companies with lean supply chains. Nothing was in logical order, and far too many packages had to be shipped at an expedite rate.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply chain management Supply chain management Supply Chain Efficiency 59

Supply Chain Game Changer

NOVEMBER 11, 2018

Retailers must be adept and highly efficient at managing freight and logistics. Vendor Management. The Retail Supply Chain has to manage vendors in every dimension. Omnichannel #ECommerce #Retail #SupplyChain #SCM #Distribution #Logistics. Transportation. All modes of transit will be used.

Retail Supply Chain 48

Retail Supply Chain Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 48

SCMDOJO

DECEMBER 14, 2023

Vendor Managed Inventory (VMI): VMI is a collaborative approach to inventory management where the vendor or the supplier, usually the manufacturer, is responsible for replenishing the client’s stock. Each industry and business scenario may require a tailored approach to order sizing.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization Real-time Visibility 98

Supply Chain Game Changer

NOVEMBER 8, 2018

We implemented a new company wide Supply-Demand management process. We focussed on establishing Vendor Managed Inventory programs and improving our Lead Times and Parameter Management. SCM #SupplyChain #Logistics #Distribution #Procurement. © Copyright Mortson Enterprises Inc, 2018. All Rights Reserved.

Price 50

Price Supply chain Raw materials Inventory 50

Supply Chain Game Changer

SEPTEMBER 21, 2021

ABC inventory classification and ordering, minimum order quantities, economic order quantities, drop shipping , order lead times and replenishment lead times, safety stocks, cross docking, and vendor managed inventories are some of the most widely used techniques to effect inventory levels and performance.

Inventory 52

Inventory Agile and Lean Supply Chain Real-time Visibility Supply Chain Optimization 52

Finale Inventory

JULY 1, 2024

Unlike B2C fulfillment, which caters to individual consumers, B2B fulfillment involves handling larger quantities, higher order volumes, and more complex logistics. From inventory management to shipping and delivery, every step in the fulfillment process requires careful attention to detail.

Supply Chain Efficiency 52

Supply Chain Efficiency Inventory Supply Chain Optimization Sustainability 52