Logistics Viewpoints

FEBRUARY 20, 2024

This article describes how to incorporate simulation techniques into optimization, build a stochastic optimization model, and end up with a more resilient supply chain model. Another strategy is to dedicate resources and build the best algorithm for demand forecasting. It can be used to solve a wide variety of supply chain problems.

Sourcing Strategies 228

Sourcing Strategies Supply Chain Design Software Modeling Inventory Reduction 228

Precoro

AUGUST 14, 2023

More and more companies are acknowledging the importance of centralizing and optimizing their procurement operations. One of the ways to accomplish this is to establish a procurement team to streamline ordering by centralizing purchases and improving supplier relations. What are the duties of a procurement manager?

Negotiating Skills 98

Negotiating Skills Purchasing Skills Buyer Training Procurement Solutions 98

SCMDOJO

APRIL 20, 2023

If you’re eyeing a role as a Procurement Manager (or are looking to hire one), you’re in the right place! As a procurement Manager, you’ll play a crucial role in overseeing the purchasing and procurement process for a company or organization, making sure they get the best bang for their buck.

Negotiating Skills 98

Negotiating Skills Optimal Sourcing Procurement Analytics Manufacturing Procurement 98

Supply Chain Game Changer

JANUARY 18, 2022

For many years the predominant priority in sourcing has been finding the lowest cost possible. What is the appropriate sourcing strategy going forward? Should you keep work in low cost geographies, establish sources in multiple geographies, or on-shore work into high cost domestic countries? Geographic Sourcing History.

Manufacturing Procurement 93

Manufacturing Procurement Sourcing Strategies Cost Reduction Strategies Optimal Sourcing 93

Supply Chain Game Changer

OCTOBER 28, 2021

Featuring Our 12 Best Procurement Articles! Dirty little secrets article and permission to publish here provided by Sam Jenks. Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. Subscribe Here!

Optimal Sourcing 89

Optimal Sourcing Procurement Supply Chain Planning Software Modeling Software 89

Supply Chain Game Changer

JANUARY 21, 2021

Featuring Our 12 Best Procurement Articles! Procurement drowning in data article and permission to publish here provided by Sam Jenks at kodiakrating.com. Meanwhile, 60% of procurement teams have no tools or rely primarily on improvised systems for Supplier Management. Is Procurement drowning in data?

Optimal Sourcing 85

Optimal Sourcing Procurement Data Supply Chain Planning Software 85

Logistics Bureau

FEBRUARY 15, 2021

The best way to understand the difference between procurement and purchasing in a business is to consider the process involved in buying a car, says Logistics Bureau’s procurement specialist, Trent Morris. Procurement First, Purchasing Follows. The first part, where you are doing research into the industry, that’s procurement.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Purchasing Skills Negotiate Pricing 98

Precoro

MARCH 31, 2023

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

EC Sourcing Group

DECEMBER 1, 2021

Demystifying Transportation Sourcing. 9/2/2021 – Guest Blog Post from Kumar Kannan of Procural. If you are like me, transportation sourcing is a mind boggling and complex field. This article is about creating value in transportation sourcing. This article is about creating value in transportation sourcing.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Sourcing 52

Supply Chain Game Changer

OCTOBER 29, 2020

Freight sourcing team article and permission to publish here provided by Katharine Barrios at xeneta.com. Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. These are the must-haves for any effective freight sourcing team. Email Address.

Sourcing Strategies 75

Sourcing Strategies Negotiating Skills Optimal Sourcing Negotiate Pricing 75

EC Sourcing Group

SEPTEMBER 2, 2021

Demystifying Transportation Sourcing. 9/2/2021 – Guest Blog Post from Kumar Kannan of Procural. If you are like me, transportation sourcing is a mind boggling and complex field. This article is about creating value in transportation sourcing. This article is about creating value in transportation sourcing.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Sourcing 52

Precoro

AUGUST 26, 2021

Or procurement? Although quite similar, procurement and purchasing are two distinctive processes , and understanding the difference between them can help facilitate your organization’s success. Scroll down to find: Procurement and purchasing: side-by-side comparison table ; Procurement and purchasing defined. Purchasing?

Pricing Training 98

Pricing Training Procurement Solutions Procurement Analytics Purchasing Training 98

Exiger Perspectives

MAY 15, 2024

Article | Key Takeways Gartner Event Encourages a ‘Rethink’ of Global Supply Chains Article | Key Takeways May 15, 2024 The annual Gartner Supply Chain Symposium/Xpo is always a great meeting of minds, and this year’s theme, “Rethink Supply Chain,” is an important one.

Gartner 52

Gartner Resource Reduction Vendor Strategies Cost Reduction Strategies 52

Supply Chain Game Changer

FEBRUARY 11, 2021

What powers Artificial Intelligence article and permission to publish here provided by Edward McGeachie at myseaforth.com. But few people really understand what it is, how it works and more importantly, why it is so important to Procurement. How much SME resource is required? What is Artificial Intelligence or AI?

Procurement 93

Procurement Modeling Software Analytics Software Supply Chain Network Software 93

Logistics Viewpoints

AUGUST 21, 2023

Procurement managers are now asked to address ESG issues in their sourcing and foreign manufacturing operations. Meanwhile, trade compliance managers are tasked with ensuring that the procurement department is following the rules. This article will focus on European Union trade regulations because the EU leads in this area.

Government 193

Government Manufacturing Procurement Supply Chain Design Software Supply Chain Design 193

Supply Chain Shaman

SEPTEMBER 22, 2022

So, if you are attempting to implement a control tower project, please don’t waste your money or resources. Here are some articles to read. For additional reading check out this article.) Procurement/Buyers Workbench. Lights-out Planning. Using better math to build an inventory plan for raw materials is a good idea.

Supply Chain Planning Software 425

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Modeling 425

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

Kodiak Hub

SEPTEMBER 23, 2021

Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. This is an exciting time to be a procurement practitioner, as well as a vendor of ProcureTech solutions. It’s time to air our dirty laundry.

Optimal Sourcing 59

Optimal Sourcing Procurement Supply Chain Planning Software Modeling Software 59

Precoro

MAY 22, 2023

This process, known as IT procurement, requires comprehensive steps with clear objectives and vendor selection criteria to ensure that technology investments align with business goals and yield a return on investment (ROI). This article encompasses the best practices for planning and executing successful IT procurement strategies.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

Supply Chain Game Changer

MARCH 18, 2021

Procurement teams article and permission to publish here provided by Sam Jenks. Procurement is a function that has long been at cross-roads; dare to transform within people, process & technology, or keep doing what has always worked just fine. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

Eliminating Excel in Purchasing 61

Eliminating Excel in Purchasing Optimal Sourcing Procurement Solutions Procurement 61

Freightos

AUGUST 26, 2015

The Experts’ Choice of the Top Online Logistics Resources. So I went straight to the source and asked consultants, trade reporters, Wall Street Journal reporters and others, what their go-to logistics and supply chain sources were. is one of the industry’s most respected logistics sources. wsjlogistics.

Resource Reduction 120

Resource Reduction Resources Logistics Network Optimization Software Logistics 120

SCMDOJO

OCTOBER 27, 2023

Supplier negotiation is the most critical skill in the world of procurement. It requires an in-depth knowledge of procurement processes to be able to bring the supplier on a mutual agreement. The following are common types of negotiation in procurement: 1. The aim is often to secure volume discounts or advantageous terms.

Negotiate Pricing 92

Negotiate Pricing Negotiating Skills Pricing Training Purchasing Training 92

Supply Chain Game Changer

JANUARY 9, 2019

Article and permission to publish here provided by Nikita S at [link]. Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. Check out this list of 25 Procurement and Purchasing questions and answers. The Negotiation Before the Negotiation! It can appear useless.

Procurement Analytics 68

Procurement Analytics Manufacturing Procurement Procurement Solutions Purchasing Skills 68

Supply Chain Game Changer

FEBRUARY 5, 2020

What’s the Difference between Procurement and Purchasing? Why Procurement Transformation Fail article created by, and permission to publish here provided by, Jill Button at [link]. There are many reasons why Procurement Transformations fail, however, the below 3 keep coming up time and time again. Infographic).

Procurement Solutions 70

Procurement Solutions Negotiate Pricing Negotiating Skills Procurement 70

ivalua

JUNE 2, 2016

Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform Global Sourcing”. For those of you who are executives in Supply Chain, Procurement or New Product Introduction/Development, this is a must read. Sustainability. Think of the brand Tom’s shoes. Globalization.

Manufacturing Procurement 100

Manufacturing Procurement Procurement Supply Chain Planning Software Predictive Analytics Software 100

Precoro

MARCH 30, 2022

Strategic Procurement Helps a Business Unleash its Potential. As The Hackett Group discovered, approaching procurement strategically with specific business goals in mind helps achieve a significantly higher ROI. Operational efficiency and cost reduction are among the top procurement priorities for CPOs, according to Deloitte.

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Cost Reduction Strategies Price Reduction 52

Supply Chain Game Changer

DECEMBER 10, 2020

Product Sourcing Agent article and permission to publish here provided by Joyce Chen at Epic Sourcing. When starting your importation business, finding the primary resources required is one of the first and most vital steps. Sourcing agents are an effective way of finding the most suitable supplier.

Manufacturing Procurement 53

Manufacturing Procurement Sourcing Strategies Sourcing Negotiating Skills 53

SCMDOJO

MARCH 19, 2024

This article describes a streamlined supply chain department, ultimately leading to increased productivity and profitability. While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc.

Optimal Sourcing 78

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 78

The Logistics & Supply Chain Management Society

AUGUST 19, 2022

Feature Article by Dr. Raymon Krishnan – President at the Logistics and Supply Chain Management Society. This article was originally written and published for DHL in January 2020 and focused on the trade wars and how to leverage opportunities for tariff reductions. This practice is illegal. Product strategies.

Cost Reduction Strategies 245

Cost Reduction Strategies Material Savings Inventory Reduction Vendor Strategies 245

The Logistics & Supply Chain Management Society

APRIL 26, 2022

Source: IDC FutureScape: Worldwide Supply Chain 2022 Predictions — APEJ Implications. Tender documents and responsible source guidance are requiring suppliers to show evidence of their actions to support ESG initiatives, as well as the actions of their suppliers. Companies, both large and small, are changing.

Supply Chain Design Software 264

Supply Chain Design Software Supply Chain Software Supply Chain Planning Software Sustainability 264

Supply Chain Game Changer

MARCH 28, 2020

The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. But there is a profoundly significant Procurement value chain. Procurement is strategic! Now is the time for Procurement to SELL! Could the CPO Be Replaced by the Chief Value Officer? ” Ouch!

Procurement Analytics 71

Procurement Analytics Procurement Solutions Pricing Training Negotiating Skills 71

The Logistics & Supply Chain Management Society

JULY 16, 2023

Resilience and Agility in Supply Chains: Navigating Change in a Dynamic World Feature Article by J eroen Hendriks , Director at Art of Supply Chain Sdn Bhd The global business landscape has become increasingly complex and volatile, posing significant challenges to supply chain management.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Software Sourcing Strategies Resource Reduction 130

Claritum

NOVEMBER 23, 2020

Claritum’s top ten 2021 predictions for Procurement. Medium sized organisations will use procurement automation and buyer portals in the cloud, to address concerns of spend management, remote working and data security. Use of AI Machine Learning, specifically in data analytics, will move mainstream for Procurement.

Predictive Analytics Software 41

Predictive Analytics Software Optimal Sourcing Predictive Analytics Procurement 41

Jaggaer

SEPTEMBER 29, 2020

Or it may be an executive mandate driven by a leadership change or the arrival of an individual who understands the earnings contributions or growth that a well-run procurement organization can deliver to an enterprise. They have had to rethink their sourcing and supply chain strategies, with many inshoring or nearshoring.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Procurement Sourcing Strategies 52

Supply Chain Game Changer

FEBRUARY 16, 2020

IKEA article originally published by, and permission to publish here provided by, Sam Jenks at [link] . Looking back on the training process, our research, strategy, implementation and evaluation methods closely mirrored supplier relationship management and procurement management. Subscribe Here! Email Address. We were well prepared.

Optimal Sourcing 54

Optimal Sourcing Procurement Purchasing Skills Pricing Training 54

Proxima

NOVEMBER 21, 2019

According to recent Procurement Leaders research , 40% of category managers are anticipating risk associated with tariffs. This makes it imperative for global sourcing strategies to include an analysis of tariffs. May be levied for revenue generation or resource protection…or both. How Procurement fits into the equation.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Price Reduction Resource Reduction 52

Claritum

NOVEMBER 16, 2018

Claritum Article - Procurement Blog. Address Procurement Strategy. Focus Procurement on supplier optimisation. Don’t lose Procurement’s focus on costs. Keep Procurement up to date. Procurement is a complex multidisciplinary team activity that crosses all areas of the business. Introduction.

Procurement Solutions 69

Procurement Solutions Procurement Analytics Optimal Sourcing Negotiating Skills 69