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.

Supply Chain Optimization 98

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

Procurement Tactics

MAY 30, 2023

Their primary responsibilities include negotiating with suppliers to obtain favorable terms and prices, ensuring the quality and timely delivery of goods and services, and managing the procurement process from start to finish. This ensures that the organization gets value for its money and avoids the risks of poor-quality products.

Management 178

Management supply chain budgeting Procurement Negotiation 178

Spend Matters

MARCH 25, 2025

Finance departments focus on spend visibility, payment optimization and cost control. Legal teams emphasize regulatory compliance, contract enforcement and risk mitigation. When procurement functions implement technologies without meaningful engagement, their initiative risks failing to gain traction or delivering tangible value.

Stakeholder engagement 70

Stakeholder engagement Management Procurement Influencing 70

Procurement Insights

JANUARY 3, 2025

20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management. Analytics and insights from procurement data were minimal.

Agile and Lean Supply Chain 52

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

SCMDOJO

JANUARY 17, 2024

Managing the supply chain involves the delicate art of aligning your product supply precisely with customer demand. That is to say, there isn’t one single career in supply chain management. That is to say, there isn’t one single career in supply chain management. Planners do exactly that.

Supply chain management 98

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 98

Procurement Tactics

JUNE 28, 2023

It enables managers and businesses to minimize costs, prevent and mitigate risks, and essentially identify issues and problems early on in the procurement process. This allows for the identification and implementation of measures to mitigate any delays or obstacles in the supply chain by organizations.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Procurement Templates

MARCH 3, 2024

Risk Assessment : Identifying potential risks associated with procurement activities is essential for effective planning and mitigation. Risks may include budget constraints, supply chain disruptions, quality issues, legal compliance, etc.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

ivalua

OCTOBER 8, 2021

During the pandemic, Procurement flexed its muscle, helping to mitigate supply chain disruptions and enable new channels for engaging with customers and fulfilling orders. But in response to supply chain disruptions over the past year and a half, many store managers had to go rogue. Optimize New Spend .

Procurement 130

Procurement Supply Chain Optimization Procurement team Purchasing 130

SCMDOJO

DECEMBER 14, 2023

Task-Specific Services: Primarily involved in tasks like supplier identification, negotiation, and quality control. Comprehensive Services: Offers a broader range of services, including market research, logistics coordination, and risk mitigation. When do you need the Sourcing Agency? Hire the Expert Now or Start a Chat!

Sourcing 104

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

Jaggaer

FEBRUARY 5, 2025

Secondly come eProcurement, Supply Chain Collaboration, Invoicing, and Payments. Optimizing source-to-paythrough digital transformation streamlines every stage of your procurement strategy, improving visibility, efficiency, and collaboration. Digitalization also fosters greater agility in supplier management.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

Procurement Insights

DECEMBER 6, 2024

ProPurchaser ** ProPurchaser** operates in the procurement intelligence and cost management sector, providing tools and data to assist supply chain professionals in negotiations. Unison Marketplace**: Formerly known as FedBid, this platform optimizes procurement processes for government buyers, enhancing sourcing efficiency.

Supply Chain Efficiency 52

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

Procurement Templates

APRIL 15, 2024

In procurement, they might be more inclined to adopt innovative solutions or new suppliers that offer unique products or services. Risk-taking: High openness can also lead to a greater willingness to take calculated risks. This might mean trying out new vendors or negotiating non-traditional contracts to achieve better results.

Influencing 130

Influencing Negotiation Risk Innovation 130

SCMDOJO

DECEMBER 11, 2023

Access to data on supplier performance, market trends, and cost analyses enables leaders to optimize procurement strategies for improved efficiency and effectiveness. Through detailed analysis of procurement processes, expenditures, and supplier negotiations, organizations can identify opportunities for cost reduction.

Supply Chain Efficiency 21

Supply Chain Efficiency Purchase orders Procurement Bidding 21

ivalua

MARCH 9, 2023

S2P is the end-to-end process that encompasses all the activities between an organization and its suppliers. It starts with identifying the right suppliers for a need, sharing requirements and evaluating supplier offers, selecting the most appropriate supplier, negotiating terms and contracting with them to receive goods and/or services.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

Una

APRIL 13, 2023

Procurement experts often invoke the 80/20 rule (otherwise known as the Pareto Principle), which states that 80% of the value in your supply chain will come from only 20% of your suppliers. These vendors are now a part of your Supplier Relationship Management program.

Suppliers 98

Suppliers Supplier relationship management Agile and Lean Supply Chain Supply Chain Optimization 98

Una

MARCH 6, 2023

Procurement process automation can involve anything from automated supplier discovery, risk monitoring, payment processing, spend analytics , and contract approval. The exciting part is that automation frees up your team for big-picture projects, supplier relationship management, strategic planning, and continuous improvement.

Purchasing 98

Purchasing Innovation Agile and Lean Supply Chain Supplier relationship management 98

Una

NOVEMBER 1, 2022

Procurement professionals are abandoning traditional sourcing practices in favor of more responsive strategies to supply chain management in pursuit of more significant cost savings and organizational efficiencies. Market & supplier intelligence. It also helps procurement teams identify the most significant risk factors.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. Sourcing plays a crucial role in building strong supplier relationships and achieving cost-effectiveness in the supply chain. Stocking: Stocking relates to the physical storage and management of inventory within a supply chain.

Procurement 105

Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 105

Una

JUNE 1, 2023

By strategically managing the acquisition of goods and services, they have the power to optimize costs, enhance operational efficiency , and boost overall profitability. From supplier relationship management and global sourcing to risk assessment and sustainability initiatives, each day brings new hurdles to overcome.

Procurement 98

Procurement supply chain budgeting Sustainability Negotiation 98

Arkestro

OCTOBER 10, 2023

Then we’ll discuss how AI and other innovative technologies are removing current complexities, allowing oil and gas companies to reduce costs, optimize supply chains, and make data-driven decisions. This helps procurement teams make informed decisions and negotiate better contracts, potentially saving significant costs.

Agile and Lean Supply Chain 52

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

IBM Supply Chain Blog

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. This enables an effective and adaptive approach to sourcing that creates value and minimizes risk.

Procurement strategies 65

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 65

Arkestro

NOVEMBER 5, 2024

Keeping Costs Low Amid Market Volatility The top priority for finance executives was cost management and optimization, according to The Hackett Group’s findings. Given that disruption and economic uncertainty haven’t slowed down and don’t show any signs of stopping, managing the risk and working to optimize working capital has been key.

Procurement 52

Procurement supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 52

World of Procurement blog

MAY 8, 2024

Procurement differs from purchasing in a few key ways: Strategic focus : Procurement has a strategic, long-term focus on analyzing spend, reducing costs, managing supplier relationships, and mitigating risk. Value-add : Procurement aims to add value by optimizing processes, consolidating spend, and building supplier relationships.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Finale Inventory

SEPTEMBER 17, 2024

Managing inventory efficiently helps you optimize your stock levels and ensures you don’t run out of popular items or waste money on excess inventory. Understanding Inventory Management The Importance of Inventory Management in Ecommerce Inventory management involves overseeing, controlling, and optimizing your product stock levels.

Inventory 52

Inventory Strategy Real-time Visibility Management 52

Arkestro

MARCH 27, 2024

After years of focusing on cost reduction, the majority of procurement leaders say they plan to spend more and increase workloads in 2024, meaning procurement buyers will have more power to influence change and optimize spend across the entire supply chain. But what does a procurement buyer do, exactly?

Buyers 52

Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

Spend Matters

MARCH 27, 2024

So where and how is this great leveller of procurement effectiveness being used in the real world (the practical) and how is it viewed by the CPOs and heads of procurement and supply chain who are on the front line fighting the daily efficiency battle.

Procurement 112

Procurement Negotiation Supply Chain Efficiency Supply Chain Optimization 112

Finale Inventory

JUNE 21, 2024

Raw materials play a fundamental role in the supply chain of ecommerce businesses. They are often the primary focus of production planning and inventory management, as any disruptions in the supply chain of direct raw materials can significantly impact the manufacturing process and product availability.

Raw materials 52

Raw materials Import Supply Chain Efficiency Inventory 52

Finale Inventory

JUNE 21, 2024

Raw materials play a fundamental role in the supply chain of ecommerce businesses. They are often the primary focus of production planning and inventory management, as any disruptions in the supply chain of direct raw materials can significantly impact the manufacturing process and product availability.

Raw materials 52

Raw materials Import Supply Chain Efficiency Supply Chain Optimization 52

Empowering CPO

JULY 17, 2023

Procurement no longer resides solely in the realm of back-office functions; rather, it emerges as a strategic enabler capable of delivering cost savings, risk mitigation, innovation, and sustainability. Strategic Sourcing : Identifying optimal suppliers, negotiating contracts, and nurturing long-term relationships.

Procurement 52

Procurement Supply Chain Optimization Supply Chain Efficiency Raw materials 52

Una

OCTOBER 9, 2023

How to Implement a Strategic Sourcing Process A play-by-play manual showing how to implement a strategic sourcing process that aligns with your organization’s goals, optimizes spend, and creates long-term value. At its core, strategic sourcing formalizes the process of finding, assessing, and choosing suppliers.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

TYA Suite

JULY 17, 2024

This strategy outlines the methods and processes for selecting suppliers, negotiating contracts, , and ensuring that procurement activities align with the organization’s overall goals and objectives. Relies on manual processes for sourcing, negotiation, and Focuses on cost reduction through competitive bidding and bulk purchasing.

Procurement strategies 40

Procurement strategies Strategy Supply Chain Efficiency Procurement 40

Una

AUGUST 31, 2023

This constraint can hinder their ability to analyze spend data, discover suppliers, negotiate favorable terms, and find cost savings. Supplier diversity Maintaining a diverse supplier base is important in terms of risk mitigation and ESG. Learn more about how to manage risk using a GPO here.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supplier relationship management 52

Jaggaer

DECEMBER 13, 2024

Automating both , and achieving frictionless integration with ERP systems, contributes to optimized operational efficiency. The CFO ensures business success by safeguarding cash flow, supplying financial and performance information to leadership, and ensuring compliance with applicable laws and regulations. What is Order-to-Cash?

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Buyers Vendor relationships 52

Empowering CPO

JUNE 27, 2023

It provides invaluable insights into spending patterns, supplier performance, and opportunities for cost optimization. Key insights covered in this blog include: The importance of spend analysis in identifying cost-saving opportunities, mitigating risks, and driving strategic decision-making in procurement.

Procurement 52

Procurement Real-time Visibility Supply Chain Optimization Procurement strategies 52

Empowering CPO

JULY 17, 2023

By taking on the complexities of procurement, these services allow businesses to focus on their core competencies, while reaping the benefits of optimized supply chains, cost savings, and improved vendor relationships. Risk management is another key challenge. Enter EmpoweringCPO.

Management 52

Management Procurement Vendor relationships Supply Chain Efficiency 52

Procurement Express

FEBRUARY 15, 2025

This helps you identify cost-saving opportunities, track supplier performance, and ensure purchases align with financial goals. Identify overspending, track budget vs. actuals, and spot opportunities for better pricing or supplier negotiations. Stronger supplier relationships. Compliance and risk mitigation.

Procurement 40

Procurement Real-time Visibility Supplier negotiation Contract 40

Spend Matters

DECEMBER 28, 2023

Inflation, a complex and constrained supply chain, and threats of recession all impacted how procurement processes played out externally. How predictive orchestration has the potential to transform procurement First, let’s dive into the current landscape of procurement, and what’s changed in the past year.

Procurement 64

Procurement Procurement team Supply Chain Efficiency supply chain budgeting 64