Procurement Academy

OCTOBER 19, 2023

Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract. A crucial part of successful procurement strategies is the art and science of negotiation.

Negotiating Skills 52

Negotiating Skills Pricing Training Negotiate Pricing Purchasing Training 52

Synovos

AUGUST 9, 2023

RS Integrated Supply’s Costanza Campi to speak at World Procurement Excellence Summit WARRINGTON, UK / RADNOR, PA 8 AUGUST 2023 – Costanza Campi, Senior Vice President of Global Procurement for RS Integrated Supply, has been selected to present at the upcoming World Procurement Excellence Summit in Cologne, Germany.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Procurement Analytics Eliminating Excel in Purchasing 52

Supply Chain Shaman

OCTOBER 16, 2023

For most companies, building a great S&OP process is a missed opportunity. Clear operating strategy and definition of supply chain excellence across plan, source, make and deliver. Most companies buy decision support technology, but do not redefine work to improve decisions. I write this post as a guide.

S&OP 321

S&OP Supply and Demand Forecasting Supply Chain Design Software 321

Synovos

AUGUST 21, 2023

RS Integrated Supply is committed to making safety the number one priority in everything we do,” said Brandon Coombs, Senior Vice President, Operational Excellence. RS Integrated Supply was introduced by RS Group in 2022 after combining Synovos and IESA, two procurement and supply chain management companies. Interested in our services?

Eliminating Excel in Purchasing 52

Eliminating Excel in Purchasing Manufacturing Procurement Optimal Sourcing Procurement Solutions 52

Supply Chain Shaman

NOVEMBER 11, 2020

Today, supply chain excellence matters more than ever. The discipline, first defined in 1982, includes source, make, deliver, and planning functions. ” Companies know they have a problem with adopting new technologies, but they do not have clear answers on what to do next. The supply chain career is new. Challenges abound.

Supply Chain Design Software 297

Supply Chain Design Software Procurement Solutions Manufacturing Procurement Supply Chain Planning Software 297

Supply Chain Shaman

SEPTEMBER 13, 2023

Solving from a supply side seems to work for many companies I work with. Only 2% of companies are pushing forward in our Supply Chains to Admire analysis. The issues are largely rooted in politics and the lack of clarity on supply chain excellence. Or planned orders to purchase orders?) Should companies care?

Supply and Demand 370

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 370

Supply Chain Shaman

MAY 26, 2023

Like Linus clinging to his blanket, supply chain teams make most of their decisions on Excel spreadsheets. Or a unified data model across source, make, and deliver for planning? Demand latency (the time from purchase by the customer to order visibility by the manufacturer) is weeks and months. The So What And Who Cares?

Optimal Sourcing 337

Optimal Sourcing Modeling Supply and Demand Manufacturing Procurement 337

The Logistics of Logistics

OCTOBER 30, 2023

He is a board member of the Association for Manufacturing Excellence (AME) and a contributor to the Forbes Technology Council , Manufacturing Today, WardsAuto , Supply Chain Brain, Industry Today, Aerospace Manufacturing and Design, ASSEMBLY , and more. Richard previously founded and led Factory Logic, Inc. acquired by SAP).

Optimal Sourcing 241

Optimal Sourcing Inventory Reduction Supply Chain Design Software Manufacturing Procurement 241

NC State SCRC

APRIL 2, 2023

The term “COE” is often a commonly heard term in supply managers’ vernacular, but it’s interesting to note that Centers of Excellence as an organizational entity have been around for more than fifty years – and evolved first in the form of what was called “shared services”.

Sourcing Strategies 52

Sourcing Strategies Resource Reduction Cost Reduction Strategies Inventory Reduction 52

Supply Chain Shaman

NOVEMBER 21, 2022

So, I smile, catch my dinner partner’s eye and ask, “In our prior conversations, you mentioned the lack of clarity on the definition of supply chain excellence in your current deployments and how this is a barrier to implementing supply chain planning properly. Self-driving supply chains are an example. The methodology is simple.

Supply Chain Planning Software 288

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 288

Logistics Viewpoints

DECEMBER 2, 2021

There will be little relief in 2022 unless the factors driving the increased import volumes—a strong economy and the fundamental shift in consumer behavior to purchase more goods and less services—change. Near or re-shoring sourcing strategies will be evaluated to “shorten” supply chains and gain greater control of supply chain performance.

Predictive Analytics Software 312

Predictive Analytics Software Predictive Analytics Waste Reduction Cost Reduction Strategies 312

Supply Chain Shaman

MARCH 8, 2016

As an analyst in the supply chain market for 15 years, I have written many articles on best-of-breed technology companies purchased by a larger company. I have followed both of these companies for 15 years and writing this post is bittersweet. The founders remain, and the company is private, and tightly-held.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Network Software Forecasting Software Demand Planning Software 150

Jaggaer

MARCH 30, 2020

Charles is quick to point on that in 1935, the average tenure of a company on the S&P 500 was 90 years. Additionally, 52% of Fortune 500 companies since 2000 have been acquired , gone bankrupt , or ceased to exist. Sourcing with Big Data. We take shortcuts in our sourcing because of the constraints of Excel,” he says.

Big Data 99

Big Data Analytics Software Optimal Sourcing Sourcing Strategies 99

ToolsGroup

FEBRUARY 7, 2022

Love it or hate it, daily necessities need to be purchased. Whichever reasons fuel the motivations of your target market, here are the top trends shaping how they’ll buy – and how you can stay front of mind and ahead of the competition. Data source: eMarketer. eCommerce Purchases and “The New Normal” Retail Categories.

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

Supply Chain Shaman

SEPTEMBER 22, 2021

As Allyson presented her story of working for multiple consumer products companies, with very advanced technologies (demand sensing, advanced automation of forecasting, data lakes and descriptive analytics), she spoke of why at the end of the day, the most important technology that she uses is Excel. ” Her answer was telling.

Optimal Sourcing 217

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 217

SCMDOJO

JULY 28, 2022

The purchasing department purchases different types of goods and services. However, when you buy something, you may not always know all the suppliers that offer a particular product. This means that every time you host a sourcing event, the same suppliers bid on the same products at the same prices. Mailing Address.

Negotiate Pricing 108

Negotiate Pricing Purchasing Skills Procurement Solutions Negotiating Skills 108

Supply Chain Shaman

JANUARY 31, 2022

Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. Source E2open Shipping Index). As companies grappled with growing and achieving global scale, the organizations became larger. We started the conversation with sourcing. Focus on Cost.

Procurement Analytics 217

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 217

BlueYonder

JANUARY 31, 2023

The visibility will include not just the short-term purchase order or ASN-level visibility, but also the tactical kind of forecast collaboration with the suppliers. These companies are also increasingly looking at nearshoring and multi-shoring. At a high level, we discuss three initiatives with these companies to enable resiliency.

Automotive 85

Automotive Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 85

Supply Chain Shaman

SEPTEMBER 27, 2021

The word of the day is visibility, yet this is the nut–that companies implementing many projects, — cannot seem to crack. In our recent survey on analytics, today 74% of companies are attempting to improve supply chain visibility (as shown in Figure 1). The reason? The solution remains elusive. What Is Visibility?

Supply Chain Planning Software 321

Supply Chain Planning Software Sourcing Strategies Manufacturing Procurement Supply Chain Design Software 321

The Logistics of Logistics

JUNE 27, 2022

He led the turnaround of 6 troubled companies and started 2 new businesses. Areas of focus include new market entry, new product development, sales effectiveness, partnerships and alliances, operational excellence, and financial management. Trend #2: Near sourcing and shorter supply chains. About iDev Partners.

Trends 174

Trends Supply Chain Software Supply Chain Scenario Planning 174

Supply Chain Shaman

FEBRUARY 7, 2022

Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. Source E2open Shipping Index). As companies grappled with growing and achieving global scale, the organizations became larger. We started the conversation with sourcing. Focus on Cost.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

Supply Chain Game Changer

OCTOBER 12, 2022

Other than the purchasing power, Covid has also shifted our buying behaviors, turning upside down what used to be typical when purchasing goods. Besides being excellent venues for chit-chats, social media networks will be the primary places to do shopping. Locally-sourced products will become viral.

Eliminating Excel in Purchasing 117

Eliminating Excel in Purchasing Resource Reduction Sourcing Strategies Cost Reduction Strategies 117

Supply Chain Shaman

JUNE 7, 2021

Gartner purchased the firm in 2010.) Driving Improvements in Supply Chain Excellence. He felt strongly that supply chain leaders knew how to drive supply chain excellence and needed a forum– or maybe two or three depending on the business model– to help them network and refine their approaches. I disagreed.

Gartner 197

Gartner Supply Chain Design Software Supply Chain Planning Software Eliminating Excel in Purchasing 197

Jaggaer

MARCH 18, 2020

Charles is quick to point on that in 1935, the average tenure of a company on the S&P 500 was 90 years. Additionally, 52% of Fortune 500 companies since 2000 have been acquired , gone bankrupt , or ceased to exist. Sourcing with Big Data. We take shortcuts in our sourcing because of the constraints of Excel,” he says.

Big Data 59

Big Data Analytics Software Optimal Sourcing Sourcing Strategies 59

Supply Chain Shaman

JULY 25, 2021

Only four percent of companies outperformed their peer groups. While market potential declined, individual company performance declined faster. I strongly believe that we adopted practices in the last two decades that degraded performance and threw companies out of balance. Implementation of Sales Forecasting.

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

Supply Chain Shaman

JUNE 14, 2018

Companies state that they want bold change; but within the company, I find swirling inaction. Companies are at a tipping point. I am speaking to companies that are being held hostage to SAP HANA upgrades with 70% cost overruns and 60% time schedule expansion. Let’s take a closer look at sourcing.

Optimal Sourcing 169

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain 169

Kinaxis

AUGUST 24, 2015

It never ceases to surprise me when I hear how many enterprises entrust a mission-critical task to the desktop spreadsheet software Excel®. Consider the Supply Chain Insights report, Research in Review (Nov 2014), that states: “Many companies have five to 30 Enterprise Resource Planning systems and two to three supply chain planning systems.

S&OP 100

S&OP Supply Chain Planning Software Supply Chain Design Software Forecasting Software 100

Logistics Viewpoints

DECEMBER 1, 2022

Source: Descartes Datamyne. Theme 2: Online buying will fuel home delivery growth, challenges and new strategies. In 2023, consumers will be less forgiving and poised to buy from retailers whose delivery performance is commensurate with the rest of the shopping experience. Figure 1: U.S. Somewhat nailed it.

Predictive Analytics Software 199

Predictive Analytics Software Logistics Network Optimization Software Cost Reduction Strategies Resource Reduction 199

Supply Chain Shaman

FEBRUARY 14, 2022

In 2022, I frequently ask companies to draw their river of demand. The process designed to help companies manage constraints outside of lead time took on a life of its own. Orchestration enables companies to effectively manage trade-offs between source, make, deliver and sell.) The process mistakes include: Mistake #1.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Logistics Viewpoints

DECEMBER 12, 2022

Companies implementing supply chain planning (SCP) have traditionally been very big companies or companies with complex supply chains. The Company operates eighteen manufacturing facilities, nine distribution centers located throughout North and Central America. Supply chain planning is not just for the big boys.

Supply Chain Planning Software 201

Supply Chain Planning Software Supply Chain Planning Procurement Solutions Scenario Planning 201

Supply Chain Shaman

MARCH 9, 2020

Before boarding the plane, I watched a traveler pull a diet Coke from the bin and thought about the struggle to source sweetener with the rise of COV-19. As I poured the dog food into the bowl for my pups, I wondered if I was going to have to switch kibble due to the looming issues of sourcing taurine—a health additive in many pet foods.

Supply Chain Design Software 297

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 297

Supply Chain Game Changer

JUNE 17, 2020

Strategic National Stockpiles and Sourcing for the National Interest! These Rare Earth Elements have long ago been abandoned for mining and processing here in the United States and are part of our reliance on Chinese sources of supply. This is not a problem that individual companies will be able to solve on their own.

Manufacturing Procurement 71

Manufacturing Procurement Sourcing Strategies Sourcing Material Savings 71

AIMMS

MARCH 8, 2016

What are these companies doing differently and what trends should retailers look out for? Today’s shopper prefers to buy online and get products delivered at the best possible time and place, resulting in key shifts in the supply chain. Source, make, and deliver reporting to a common leader. A large U.S.

Price Reduction 156

Price Reduction Cost Reduction Strategies Inventory Reduction Sourcing Strategies 156

QAD

NOVEMBER 10, 2022

It has most definitely impacted how people buy products of all types and in all industries. First and foremost, consumers are performing their own research and influencing the ways in which companies change their products to attract new customers. And this behavior does not just stop with the manufacturer or the product sourcing.

Sustainability 98

Sustainability Manufacturing Procurement Purchasing Skills Optimal Sourcing 98

Logistics Viewpoints

MARCH 27, 2023

When it comes to running a company, when things break down executives have traditionally said “we need to improve our forecasting!” Unfortunately, most companies cannot, and will never be able to, consistently rely on highly accurate forecasts. Would better forecasting accuracy be a good thing? Absolutely!

Forecasting 189

Forecasting Forecasting Software Modeling Optimal Sourcing 189

ivalua

OCTOBER 13, 2022

This is not a “side of the desk” or part time role, nor within the skill set or training for the vast majority of purchasing and supply chain managers. Scope 3 emissions are responsible for the vast majority, circa 70-80% of a company’s carbon emissions through the supply chain and will typically be 11 times that of scope 1 emissions.

Purchasing Skills 130

Purchasing Skills Supply Chain Planning Software Price Reduction Waste Reduction 130

SCMDOJO

JULY 3, 2023

Procurement training equips you to excel in the corporate world by teaching you everything from supplier dynamics to negotiating strategies. Choose between a broad overview of procurement and a focused course that focuses on certain topics like strategic sourcing, contract management, or supplier relationship management.

Purchasing Training 78

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 78