Procurement Tactics

JUNE 28, 2023

In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. It allows businesses to track and improve their procurement activities and have a transparent outlook of their procurement process. The key elements are typically: 1.

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SCMDOJO

MARCH 19, 2024

In today’s fast-paced business landscape, having an efficient supply chain department is more important than ever. A streamlined supply chain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth.

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SCMDOJO

DECEMBER 14, 2023

In the global world of businesses, companies often seek help from sourcing agencies to figure out how to get the things they need. But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s explore this world of sourcing agencies and understand what they do.

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

Supply Chain Opz

MARCH 6, 2015

As pressure to improve supply chain cost performance increases for many companies, the evaluation and selection of competent suppliers becomes a key concern. In this article, Professor Burcu Keskin from University of Alabama will share 7 trends that procurement and supply chain management professionals should watch.

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Supply Chain Opz

JANUARY 7, 2013

Is Apple Supply Chain Really the No. Surprisingly, IT research firm Gartner ranks Apple Supply Chain as the best supply chain in the world for 4 years in a row. But, is Apples Supply Chain really the number 1? 1) Apples Supply Chain Model. Supply Chain Model of Apple Inc.

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ivalua

NOVEMBER 27, 2019

So what does “good” strategic sourcing look like? The primary difference between Strategic Sourcing and “good” Strategic Sourcing is contextualized flexibility. Procurement must be able to apply the general principals of Strategic Sourcing in a way specific enough to maximize the value of each spend category.

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SCMDOJO

MAY 20, 2024

Modern supply chains are more efficient and faster than ever before. However, the emergence of technology boosted brands’ access to customers in the first place, and thus, a need for more efficient supply chain practices.

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Supply Chain Game Changer

JULY 16, 2020

Subscribe to Supply Chain Game Changer. Digital Supply Chain Overview! Digital Supply Chain evolve article and permission to publish here provided by Megan R. People often position the digital supply chain as essential for helping today’s businesses succeed. Email Address.

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Supply Chain Game Changer

AUGUST 21, 2022

Subscribe to Supply Chain Game Changer. Supply Chain’s Moment of Truth Has Arrived! A solid supply chain and logistics strategy is essential for large companies. Logistics plays a critical role in a company’s supply chain. Subscribe Here! Email Address.

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Procurement Tactics

JULY 2, 2023

A formal contract document that contains the detailed requirement for purchasing and obtaining goods and services, a job order is utilized with a view to ensuring that the desired goods or services are acquired in an orderly and efficient way. What is a Job Order? Effective Planning Effective planning is where everything starts.

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SCMDOJO

JANUARY 19, 2025

We conclude that different types of loans may help e-commerce supply chains. Grown from the concept of the e-commerce supply chain – end-to-end process from product sourcing through delivery, it has become the determining factor in a business advantage. Here, we get another central point, the capital.

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EazyStock

DECEMBER 13, 2020

You already know the biggest supply chain disruption of 2020: the COVID-19 pandemic. With that said, how can you keep your supply chain running as smoothly as possible in the meantime? The best way to safeguard your supply chain will be by building resilience into your operations. But ‘back to normal’?

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Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain supply chain software solutions 98

Supply Chain Game Changer

JANUARY 21, 2020

Subscribe to Supply Chain Game Changer. A “Don’t Touch” Strategy will Dramatically Lean out your Supply Chain! I started thinking about the Costco Supply Chain. And the standard items are invariably great deals, even if the quantities are larger than you will find in other stores.

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Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization Supply chain 84

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. This blog aims to empower procurement professionals by shedding light on how each report contributes to enhanced transparency, accountability, and efficiency within the procurement function.

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Supply Chain Game Changer

AUGUST 10, 2021

Subscribe to Supply Chain Game Changer. The Lumber Supply Chain is Going Against the Grain! I quickly became very familiar with the standard half-sized and full-sized (40″ x 48″) pallets that the company was using at the time, though I was unaware of the Pallet Supply Chain. Subscribe Here!

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Supply Chain Game Changer

AUGUST 6, 2020

Subscribe to Supply Chain Game Changer. The Digital Supply Chain Road is Full of Potholes, Construction and Accidents! This Digital Twinning of Supply Chains article focuses on transformative ideation of transport & logistics value chains. The physical supply chain is not easily changeable.

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TYA Suite

NOVEMBER 15, 2024

This insightful guide explores how blockchain is impacting , contributing to transparency, security, and efficiency across supply chains. By using blockchain in procurement, businesses can improve transparency, trust, and efficiency across their supply chains, ensuring smoother and more reliable operations.

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Procurement Tactics

JUNE 7, 2023

It is a common concept in cost accounting and is used to evaluate the efficiency of a company’s purchasing process. The formula is: PPV = (Actual cost – Standard cost) x Actual quantity An increase in actual costs results in a positive variance, while a decrease in actual costs results in a negative variance.

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Supply Chain Game Changer

OCTOBER 5, 2022

Subscribe to Supply Chain Game Changer. The warehouse needs to know the nature and quantity of goods arriving · Storing inventory : goods are received, arranged and stored · Distributing inventory : goods are picked up by carriers to be taken to the consumer. The layout of these is key to ensuring efficiency and speed.

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SCMDOJO

OCTOBER 27, 2023

Volume or Quantity Negotiation: This negotiation involves discussing the quantity or volume of goods or services to be procured. Delivery and Lead Time Negotiation: Negotiating the timeframes for delivery and lead times to ensure timely supply without disruptions. Set Expectations: Suppliers appreciate transparency.

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Procurement Tactics

JUNE 28, 2023

Commodity Trading is also a vital aspect of the Global Economy; Providing price discovery, risk management, and efficient resource allocation. Furthermore, it provides transparency when it comes to pricing trends as it focuses on the law of supply and demand Different Ways Commodities can be Traded 1.

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SCMDOJO

JANUARY 22, 2025

Receiving: This crucial stage involves the efficient offloading of goods from incoming trucks, conducting thorough inspections to ensure quality and quantity accuracy, and accurately documenting the receipt of inventory. Accuracy and efficiency in order picking are paramount to ensure timely and error-free order fulfillment.

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Logistics Supply Chain Efficiency supply chain budgeting Order Fulfillment 52

Supply Chain Game Changer

JUNE 9, 2020

Subscribe to Supply Chain Game Changer. What is the Digital Supply Chain? This will invariably impact the Supply Chain of the future. And how exactly will it impact Supply Chain? Source: Digital IoT Reporter on Twitter and www.icssindia.in. What does 5G mean for Supply Chain?

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Supply Chain Game Changer

MARCH 9, 2022

Subscribe to Supply Chain Game Changer. Procurement operations are the backbone of every company’s supply chain. Fundamental to procurement is the acquisition of goods and services from a party that’s further up the supply chain. It streamlines the procure-to-pay and source-to-contract processes.

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Strategic Sourceror

FEBRUARY 3, 2023

As any supply chain professional will tell you, managing various day-to-day operations and keeping track of everything going on in the supply chain are among the most difficult parts of the job. The most critical part of running any supply chain is ensuring you are making the best possible decisions quickly.

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Procurement Tactics

JULY 14, 2022

Almost all professionals in supply chain and procurement know that it is part of the huge procurement process. The organization does this to source for the suppliers that best match their requirements to provide their needs. The tendering follows a strict process to promote transparency and fairness among bidders. .

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SCMDOJO

SEPTEMBER 7, 2024

The key to achieving this supply chain utopia lies in understanding the different types of warehouses and their strategic roles. Importance of Warehouses in Supply Chain Management Warehouses play a pivotal role in the efficient functioning of supply chain management. Sounds like a dream, right?

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ivalua

JUNE 10, 2020

The Covid-19 pandemic has exposed the fact that many supply chains remain inadequately prepared for a crisis. Supply chain management and procurement sit poised on the frontlines of managing global supply risks for their brands. Today’s supply chain managers deal with higher financial risks than ever before.

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EazyStock

JULY 17, 2020

Now we’re going to focus on mitigating the risks of supply chain disruption as we move out of lockdown and into a new, but uncertain, future. Global Supply Chain Disruption due to COVID-19. When the COVID-19 pandemic emerged earlier this year, many businesses saw instant disruption to their supply chains.

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Supply Chain Game Changer

MARCH 23, 2021

Subscribe to Supply Chain Game Changer. Is Your Supply Chain A Cost Centre or a Value Creator? Supply Chain responsibilities are vast in any organization. This can be analogous to the work done in Supply Chain. So let’s explore the Supply Chain Workload iceberg!

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Skill Dynamics

JULY 8, 2022

An efficient supply chain management system is a necessity to the majority of organizations. This demand distortion is then passed along and amplified at each stage of the supply chain, with orders to suppliers furthest away from the point of sale far removed from the realistic views of consumer demand.’

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Arkestro

JULY 30, 2024

Resources / Blog / Cars on Demand: Production to Order is Changing the Automotive Industry’s Supply Chain Cars on Demand: Production to Order is Changing the Automotive Industry’s Supply Chain The automotive industry has always been at the forefront of implementing innovative production methods to meet consumer demands efficiently.

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Strategic Sourceror

NOVEMBER 30, 2022

While supply chain disruptions have frustrated both buyers and sellers since 2020, many of the previous bottlenecks have since been dislodged, setting the industry up for what could be a banner year from a sales perspective, despite high inflation. "From a supply-chain standpoint, it's the opposite of last year."

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Arkestro

SEPTEMBER 29, 2023

This approach leverages data science, machine learning, and automation to analyze large quantities of data and make procurement decisions with minimal human intervention. Systems use this data to automate routine procurement tasks and make informed decisions about sourcing, pricing, and supplier relationships.

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EazyStock

MAY 20, 2020

At the same time, companies are dealing with erratic customer behavior and badly disrupted supply chains. Why COVID-19 is Driving Supply Chain Digitalization. In 2019 MHI and Deloitte published their report “Elevating Supply Chain Digital Consciousness”. The Benefits of Supply Chain Digitalization.

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TYA Suite

MAY 14, 2023

The procurement source-to-pay process includes steps including vendor evaluation, contracting, supplier identification, and payment for products provided. The source to pay process (S2P) comprises of all the procurement tasks that involve the vendor and the organization. When is a source-to-pay system used by a company?

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ivalua

AUGUST 21, 2022

First of all, we must identify the suppliers with the highest emissions either by physical quantity or amounts spent. C Supply Chain Leaders” and digital platforms such as “CDP Supply Chain”, for example, are proving helpful in reducing supplier overwhelm and advancing efforts to achieve emission targets (see box on the right).

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