SCMDOJO

MARCH 24, 2025

Introduction Gardner, (1954) and Huntzinger, (2007) define Purchase price variance (PPV) as a metric used to measure the effectiveness of cost-saving efforts by calculating the difference between the planned cost (standard pricing) allocated for purchasing activities and the actual cost incurred.

Price 69

Price Purchasing supply chain budgeting Raw materials 69

Procurement Tactics

JUNE 28, 2023

The way a Futures Contract works is that the seller should sell or the buyer should purchase the underlying commodity at the agreed price, at the contract’s expiration date, regardless of its current price at the time of the expiration 2. Here are some tools and software available for commodity trading: 1.

Raw materials 178

Raw materials Supply Chain Efficiency Price Market analysis 178

Procurement Insights

JANUARY 3, 2025

Technology Adoption in Early Stages : Adoption of procurement software was growing but not yet widespread, with many organizations relying on manual or semi-automated processes. This evolution reflects broader changes in business priorities, technological advancements, and the increasing complexity of global supply chains.

Agile and Lean Supply Chain 52

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

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. Spend Analytics – Strategic sourcing starts with an analysis of product categories and spending patterns within the company.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Efficiency Sourcing 52

SCMDOJO

APRIL 26, 2023

Category Management Software What is Category Management in Procurement? Using category management software is ideal as it creates visibility and efficient management. Market analysis, competitive forces, and external factors. Market forces determine supply risks. Sustainable/ethical procurement.

Category management 108

Category management Management Supplier relationship management supply chain software solutions 108

Supply Chain Game Changer

SEPTEMBER 29, 2022

Subscribe to Supply Chain Game Changer. Step 3: Perform market analysis on potential customers who might visit your website and bet. This will be especially important if you’re hiring a programmer or software developer. Target Market Analysis. Subscribe Here! Email Address.

supply chain software solutions 18

supply chain software solutions Market analysis Import Supply Chain Optimization 18

Skill Dynamics

JULY 19, 2024

As modern supply chains become larger and more intricate, strong procurement strategies are needed to minimize any risk and maximize growth and efficiency. This might seem straightforward, but a thorough assessment can uncover areas where you can consolidate purchases, standardize specifications or negotiate better terms.

Procurement strategies 90

Procurement strategies Strategy Procurement supply chain budgeting 90