World of Procurement blog

APRIL 23, 2024

Understanding Material Procurement Material procurement involves several key stages, including the identification of needs, supplier research and selection, value analysis, financing, negotiation, purchase, and inventory control.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

World of Procurement blog

APRIL 23, 2024

Understanding Material Procurement Material procurement involves several key stages, including the identification of needs, supplier research and selection, value analysis, financing, negotiation, purchase, and inventory control.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

Supply Chain Opz

SEPTEMBER 15, 2013

The simplest yet effective method is called "Value Analysis". Theoretical Background No matter how complex your business environment is, there will always be the way to reduce the manufacturing costs. Due to material shortages during World War II, companies needed to find the alternative materials on a regular basis.

supply chain budgeting 83

supply chain budgeting Supply Chain Optimization Supply chain Supply 83

Supply Chain Game Changer

NOVEMBER 22, 2018

Value Analysis (VA) can be used to reduce costs and retain quality. Deming and Bill Smith respectively were reintroduced to US businesses. Lean inventory management uses the concepts of TQM and Six Sigma to eliminate. The result is usually a reduction of costs and improvement in quality.

Agile and Lean Supply Chain 68

Agile and Lean Supply Chain Inventory Management supply chain budgeting 68

Supply Chain Game Changer

NOVEMBER 24, 2018

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Purchasing 62

Purchasing Procurement Purchase orders Supply Chain Optimization 62

IBM Supply Chain Blog

DECEMBER 7, 2023

Customer lifetime value analysis : OLAP helps businesses identify high-value customers and develop strategies to retain them. Enhanced customer understanding benefits Customer segmentation and targeting : OLAP allows businesses to segment customers based on various characteristics, enabling targeted marketing campaigns.

Data 57

Data Strategic planning Value analysis Cost optimization 57

Procurement Heads

MAY 3, 2023

That comes down to effectively what is the core skill in procurement, it is about understanding what makes up the final delivered cost, understanding that value analysis is not price it is cost. It comes back to the real basics and knowledge is power.

Real-time Visibility 130

Real-time Visibility Negotiation Price Procurement 130