Procurement Tactics

MAY 16, 2023

In a 4PL model, the external provider (also known as the lead logistics provider or LLP) manages and coordinates all aspects of the supply chain , including transportation, warehousing, inventory management, and distribution. Sustainable Procurement Course Maintain profitability while moving toward sustainability 4.

Logistics 211

Logistics supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 211

Jaggaer

OCTOBER 24, 2024

Conventional transactional relationships focus on price and delivery terms. This collaborative approach can take various forms, from co-developing new products to jointly managing risks and ensuring sustainability in the supply chain. The aim is not simply to drive down the price, but the total cost.

Collaboration 52

Collaboration Innovation Suppliers supply chain budgeting 52

Procurement Insights

FEBRUARY 18, 2025

EDITOR’S NOTE: I have recently completed a preliminary analysis of Packaging & Container Companies’ challenges to enable greater supplier collaboration and automation around the purchase order process, including PO confirmations, shipment notices, and price/quantity changes.

Purchase orders 52

Purchase orders Collaboration Purchasing Suppliers 52

SCMDOJO

AUGUST 16, 2023

The company has implemented sophisticated barcode scanning and point-of-sale systems to collect real-time data from its stores. By employing these technologies, Walmart gains valuable insights into customer buying behavior, sales trends, and inventory levels.

Supply Chain Efficiency 98

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

SCMDOJO

APRIL 11, 2025

Understanding Supply Chain Risks Economic downturns act as stress tests for supply chains, exposing vulnerabilities that may have gone unnoticed during stable times. Simultaneously, customers often demand lower prices during economic downturns, making it challenging to maintain profitability without operational efficiency.

Agile and Lean Supply Chain 52

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

Jaggaer

OCTOBER 24, 2024

Collaboration across Tier 1, Tier 2, Tier 3, and beyond requires visibility and communication regarding capacity, cost, risk, order quantities, inventory levels, quality , timelines, logistics, and more. Collaboration brings visibility and agility for gaining market share.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

SCMDOJO

AUGUST 28, 2024

Inventory management was rudimentary, often relying on manual processes and paper-based systems. This approach limited visibility and control over stock, leading to inefficiencies and potential stockouts. Sustainability Concerns: Warehousing activities can have an environmental impact.

Real-time Visibility 98

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

Procurement Tactics

JUNE 19, 2023

Artificial intelligence is being used to automate routine and time-consuming work in warehouses such as packing and sorting of goods which helps to improve efficiency, reduce errors and costs. It is also used to improve the accuracy of demand forecasting, inventory management , and transportation planning.

Logistics 193

Logistics supply chain budgeting supply chain software solutions Real-time Visibility 193

Let's Talk Supply Chain

MARCH 24, 2025

Key players in the electronics supply chain are facing unprecedented challenges, including: Volatility in Pricing: Fluctuations in tariffs and trade policies are impacting the cost of components and raw materials. Only time will tell how the melody of this shifting paradigm will ultimately harmonize.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Demand 52

Procurement Tactics

JULY 20, 2023

Sustainable Procurement Maintain high profitability while moving toward sustainability 4. This integration enables businesses to have real-time visibility into order status, inventory levels, and supplier performance, enabling them to make informed decisions and respond quickly to changing market demands.

supply chain software solutions 134

supply chain software solutions Suppliers Management Purchase orders 134

Jaggaer

FEBRUARY 28, 2025

Amid economic uncertainties and geopolitical shifts, procurement leaders face mounting pressure to drive sustained growth. However, simply cutting costs isnt a sustainable strategy CPOs must move beyond tactical price reductions and embrace strategic cost management.

Agile and Lean Supply Chain 52

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

Procurement Insights

JUNE 6, 2024

So, how much supply chain visibility is “too much visibility” in relation to what happens at some unseen point down the chain? What if you negotiate a reasonable price with a supplier to meet your performance target only to discover that they are making razor-thin margins?

e2e 65

e2e Supply Chain Visibility Real-time Visibility Supply chain 65

Procurement Software

MARCH 16, 2025

While full-scale digital transformation certainly takes time, organisations can see rapid improvements in efficiency, collaboration, and data accuracy right from the outset. These small but impactful changes set the stage for sustained cost savings and strategic decision-making.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

Procurement Insights

APRIL 2, 2025

Chevrons procurement and supply chain challenges in 2025oil price volatility, geopolitical disruptions, ESG compliance, talent shortages, technology adoption, and logistics bottlenecksrequire tailored solutions from ProcureTech providers. Risk Mitigation: Real-time supplier risk scoring (e.g.,

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement solutions Supply Chain Efficiency Procurement 52

Let's Talk Supply Chain

MARCH 2, 2025

Key Strategies for Navigating Tariff Turmoil: Utilize Data Analytics: Leverage advanced analytics tools to gain deep visibility into supply chain dynamics and identify potential areas of vulnerability. By incorporating real-time market data and supplier performance metrics , organizations can gain a competitive edge in volatile environments.

Supplier relationship management 52

Supplier relationship management Data Suppliers Supply chain resilience 52

Procurement Insights

JANUARY 3, 2025

Integration with Sustainability Goals : CFOs began to value procurement’s contributions to corporate social responsibility (CSR) , particularly in sourcing ethically and supporting sustainability initiatives. CFOs valued procurement’s ability to align financial and operational goals using data analytics.

Agile and Lean Supply Chain 52

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

Procurement Insights

APRIL 9, 2025

Enhanced Adaptability to Dynamic Environments Challenge : Traditional equation-based models fail to respond to real-time disruptions (e.g., Example : Agents from a manufacturer and Tier 1/2 suppliers jointly resolve component shortages by redistributing inventory in real time. 3-way invoice matching).

Supply Chain Efficiency 52

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

ivalua

JUNE 1, 2022

Overall, their strategy must move toward data-driven decision-making to provide real-time information visibility. Amrest onboards new vendors at competitively-positioned pricing on a regular and consistent basis. ESG and the sustainable supply chain is also important within the procurement process. .

Real-time Visibility 130

Real-time Visibility Agile and Lean Supply Chain Supply Chain Efficiency Procurement 130

Procurement Insights

APRIL 3, 2025

Emphasizes cross-industry collaboration , with themes like AI, sustainability, and supplier diversity. Global Reach, Real Impact Participants and speakers come from over 50 countries. Startup Acceleration & Visibility Provides a springboard for companies like Cirtuo, DeepStream, Archlet, Kodiak Hub , and ORO Labs.

Innovation 52

Innovation Real-time Visibility Sustainability Collaboration 52

Jaggaer

OCTOBER 24, 2024

In times of pressure and crisis , highly responsive and trustworthy suppliers make agility possible. Following widely-known standards keeps your vendor options open so you’re not locked into sourcing from a small pool of specialty suppliers that can negatively impact time to market.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Let's Talk Supply Chain

FEBRUARY 21, 2025

one major challenge is the increasing competition among e-commerce companies, ‍leading to price wars and diminishing profit margins. From customs regulations to tax requirements, navigating these obstacles can be time-consuming and costly for e-commerce businesses.

Demand 52

Demand Risk Supply Chain Efficiency Real-time Visibility 52

Procurement Heads

FEBRUARY 8, 2023

Currently, wholesale gas and electricity prices have been fixed for firms from October until March 2023, but the help is under review due to the cost. One of the common themes I’m hearing from large organisations is that they are finding a lack of visibility looking ahead for energy spend.

Real-time Visibility 130

Real-time Visibility Price Negotiation Sourcing 130

Finale Inventory

JANUARY 27, 2025

By scanning products during the picking process, warehouse staff can verify selections instantly, maintain accurate inventory counts, and dramatically reduce picking errors. Discrete or Basic Picking Discrete picking involves completing one order at a time from start to finish.

Inventory 52

Inventory Real-time Visibility Management Warehouse operations 52

Finale Inventory

JANUARY 27, 2025

A well-implemented barcode inventory system addresses these challenges by providing real-time visibility into stock levels, streamlining receiving processes, and accelerating checkout procedures. Modern retail scanning solutions have evolved beyond simple price lookups. Invest time in thorough staff training.

Inventory 52

Inventory Real-time Visibility Price Inventory control 52

Finale Inventory

AUGUST 13, 2024

In the ecommerce industry, accurately calculating your wholesale price is vital for the success and profitability of your business. With the help of Finale Inventory, you can streamline this process and ensure that you are setting the right wholesale prices for your products.

Price 52

Price Inventory Real-time Visibility Purchase orders 52

IBM Supply Chain Blog

FEBRUARY 28, 2024

Because organizations with strategic sourcing mindsets look beyond price and cost savings-centered supplier selection initiatives. They consider factors—like supplier performance or sustainability —that support long-term partnerships, advance business needs and increase purchasing power.

Sourcing 94

Sourcing Strategy Supply Chain Efficiency e2e 94

IBM Supply Chain Blog

JUNE 30, 2023

For the energy and utilities industry (E&U), time is not on their side. Equipment-heavy and reliant on an aging infrastructure, E&U clients suffer from costly supply chain disruptions as wear, tear and time take their toll. Visibility. However, maintenance inventory optimization is only part of the solution.

e2e 58

e2e Supply Chain Visibility Real-time Visibility supply chain budgeting 58

SCMDOJO

APRIL 29, 2024

By streamlining processes, reducing costs, and improving customer satisfaction, companies can achieve higher profitability and sustainability. A well-established sourcing strategy helps businesses secure the best quality materials at the most competitive prices. It includes activities such as order processing, packaging, and delivery.

Supply chain management 98

Supply chain management Supply chain management Agile and Lean Supply Chain supply chain budgeting 98

Una

OCTOBER 17, 2023

EPISODE 137 Using Visibility to Combat Supply Chain Abstraction with Frank Kenney By Kelly Barner | October 18, 2023 In the race to build global empires of data and digital systems, today’s businesses must not risk forgetting what all of those zeroes and ones mean.

supply chain budgeting 81

supply chain budgeting Real-time Visibility Supply Chain Efficiency Supply chain 81

Finale Inventory

JANUARY 27, 2025

By capturing product information instantly and accurately, barcode scanners create a reliable foundation for tracking merchandise from receipt through shipment, making them indispensable in today's fast-paced commerce environment. Time Efficiency and Operational Speed The impact of barcode scanning on processing speed is remarkable.

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility Inventory Warehouse operations 52

Finale Inventory

JANUARY 27, 2025

As warehouses grow more complex and customer expectations rise, rfid inventory management emerges as a transformative solution that addresses critical operational challenges. Modern businesses require real-time visibility into their stock levels, locations, and movements.

Inventory 52

Inventory Real-time Visibility Management supply chain software solutions 52

Jaggaer

APRIL 3, 2025

The two next-highest ranked trends are also closely related: Deep Real-time Data and Insights Visibility (50%) and Broadening the Scope of Procurement Responsibility. We can add sustainability, ESG and supplier diversity to the growing list of broadened responsibilities. The issue is becoming increasingly urgent.

Procurement 52

Procurement Supply Chain Efficiency Contract Real-time Visibility 52

IBM Supply Chain Blog

SEPTEMBER 15, 2023

Globally, there has been an uptick of landmark regulations forcing companies to address sustainability issues like climate change, and to disclose the work they are doing to address these issues. For the first wave of companies affected, sustainability reports will be required as soon as fiscal year 2024. In parallel, the U.S.

Sustainability 72

Sustainability Real-time Visibility Data Risk 72

Finale Inventory

JANUARY 27, 2025

Introduction Setting up a barcode inventory system marks a significant step forward for growing businesses seeking to modernize their operations. When implemented correctly, barcoding transforms time-consuming manual processes into swift, accurate inventory management workflows. What Is a Barcode and Why Use It?

Inventory 52

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

Procurement Tactics

JUNE 8, 2023

Sustainable Procurement Course Maintain profitability while moving toward sustainability 4. Reduction in processing time Warehouse automation makes processes faster and reduces the time spent on handling tasks. This saves a significant amount of time, especially when dealing with a large number of parcels.

supply chain software solutions 178

supply chain software solutions Order Fulfillment Warehouse operations Inventory 178

Procurement Heads

AUGUST 2, 2023

Additionally, it felt like the right time for a new challenge, as I had spent nearly 24 years with my previous employer. In terms of prices and material availability, the market compared to the last few years is relatively calm. That said there are still challenges today: Pricing volatility does remain around certain commodities.

Supply chain 130

Supply chain Real-time Visibility Sustainability Procurement strategies 130

Finale Inventory

JANUARY 27, 2025

Introduction Modern warehouse operations demand precision, speed, and real-time visibility – qualities that a well-implemented warehouse barcode scanner system delivers with remarkable consistency. This verification step automatically updates the barcode inventory system in real-time, maintaining accurate stock levels.

Real-time Visibility 52

Real-time Visibility Warehouse operations Inventory Data 52