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The Art of Compromise as a Negotiation Strategy in Supply Chain

SCMDOJO

Introduction Negotiation is at the heart of supply chain management. Richard Todd , a negotiation expert describes a successful negotiation as one that requires understanding not just what is needed from a supplier but also what the supplier needs from us.

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Leveraging supply chain disruptions to accelerate digital transformation

Spend Matters

. “Never waste a good crisis” is a phrase worth pondering in the realm of digital transformation for supply chains. Historically, major companies neglected supply chain transformation and digital investments until global disruptions, such as the Covid pandemic, forced a change. 22, at 10:00 AM PST.

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Procurement In My Lifetime: A Timeline Of Understanding (1959 to 2024)

Procurement Insights

Here are the top 3 concerns likely to dominate the agenda for CPOs in 2025: Supply Chain Resilience and Risk Management Sustainability and ESG Compliance Supply Chain Visibility Conclusion: CPOs in 2025 will need to navigate a complex, fast-changing landscape shaped by technology, sustainability, and global uncertainty.

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Maximizing Cost Savings Through Strategic Supplier Collaboration

Jaggaer

From bundling spend to identifying mutual efficiencies, these approaches not only drive down costs but also strengthen supplier relationships, ensuring sustainability and value over time. By building trust and transparency, procurement leaders can work with suppliers to achieve cost savings that are sustainable and equitable.

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How to Repair Damaged Supplier Relationships

Una

Price Disputes: The characters often argue over money, particularly when experiencing job losses and periods of unemployment. Similarly, procurement professionals often face pressure to cut costs, and price negotiations can become heated, potentially souring the supplier relationship. Deliver on your promises and be reliable.

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Pareto Analysis in Procurement: How To Use Spend Analysis To Cut Costs

Planergy

As it often proves reliable when estimating outcomes, this concept is widely used by various industries attempting to maximize their efficiency. Pareto Spend Analysis is an incredibly useful tool for optimizing supply chain management processes, reducing costs, and improving overall efficiency.

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Mastering Operations Strategy: A Guide to Streamlining Business Operations

Pipefy

Any business that wants to excel, or even compete, in the current capricious market must have the ability to make the best, most efficient use of its resources. The market fallout of the COVID-19 pandemic, including the supply chain interruptions and rising inflation rates, however, were a rude awakening for many business leaders.