Procurement Academy

OCTOBER 19, 2023

A crucial part of successful procurement strategies is the art and science of negotiation. 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.

Negotiating Skills 52

Negotiating Skills Pricing Training Negotiate Pricing Purchasing Training 52

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 95

Negotiating Skills Optimal Sourcing Procurement Analytics Manufacturing Procurement 95

SCMDOJO

MARCH 19, 2024

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. Watch What is Marketing Procurement? on our SCMDOJO YouTube Channel! Why do you need a structured Supply Chain Department?

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

ivalua

MARCH 27, 2023

E-invoicing Mandate | France 2024 March 27, 2023 | | Procurement Strategy by Steve Carter The biggest change to Accounts Payables since the introduction of double entry journals is about to hit finance departments–but are they prepared? Read More : Under Pressure, Will Procurement Take Performance Higher in 2023?

France 130

France Sourcing Strategies Optimal Sourcing Price Reduction 130

Logistics Viewpoints

OCTOBER 10, 2022

in turn, is a boutique procurement consultancy. Professionals from procurement, compliance, logistics, sustainability, information-security and several other internal stakeholder all use the solution for different reasons. Niebur spoke of risk management as a continuous improvement journey that would never end.

Supply Chain Risk Management 223

Supply Chain Risk Management Risk Management Supply Chain Planning Software Supply Chain Software 223

ModusLink Corporation

APRIL 22, 2024

End-to-end management of component procurement, inventory management, and JIT delivery. Continuous improvement initiatives driven by data analytics and feedback mechanisms. Cost Efficiency and Value Optimization: Economies of scale realized through global procurement and resource pooling.

Electronics 78

Electronics 3PL Optimal Sourcing Waste Reduction 78

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 88

Negotiate Pricing Negotiating Skills Pricing Training Purchasing Training 88

Supply Chain Network

MAY 15, 2012

Everyone has bad habits, but for procurement, bad habits can put a major dent it in the ROI of your sourcing tools. That’s because strategic sourcing is complex and challenging – success requires more than fancy software purchases. At 30,000 feet, answer these questions to drive improved adoption: • Have we trained everyone?

Purchasing Skills 97

Purchasing Skills Sourcing Strategies Optimal Sourcing Procurement Solutions 97

ivalua

NOVEMBER 12, 2019

11, 2019 /PRNewswire/ — Ivalua, a global leader in spend management , today announced that it was selected as the winner of both the Innovations in Third Party Management and Innovations in Digitization awards, presented at the Future of Sourcing Awards event in Carlsbad, CA. Ivalua is the Procurement empowerment platform.

Optimal Sourcing 150

Optimal Sourcing Sourcing Strategies Sourcing Procurement 150

SupplyShift

APRIL 13, 2021

SupplyShift takes a look at three ways that supply chain professionals can drive sustainability through procurement practices. This, in light of recent global issues and advancements, is the perfect time for professionals to normalize sustainable procurement practices. What do we mean by “sustainable procurement practices?”

Optimal Sourcing 52

Optimal Sourcing Sustainability Procurement Supply Chain Strategy 52

SupplyShift

APRIL 13, 2021

SupplyShift takes a look at three ways that supply chain professionals can drive sustainability through procurement practices. This, in light of recent global issues and advancements, is the perfect time for professionals to normalize sustainable procurement practices. What do we mean by “sustainable procurement practices?”.

Optimal Sourcing 52

Optimal Sourcing Sustainability Procurement Supply Chain Strategy 52

Logility

APRIL 29, 2021

As global supply chains and procurement scrutiny become more and more complex, risks increase and the range of stakeholders who demand a compliant supply chain has increased from simply regulators to investors, providers, partners, consumers, and the media. Make sure all your data is accurate and timely.

Optimal Sourcing 203

Optimal Sourcing Supply Chain Planning Software Sourcing Strategies Supply Chain Optimization 203

OptiProERP

APRIL 9, 2024

Collaboration between production, procurement, and logistics teams is essential to optimize resource utilization and minimize lead times. Continuous improvement initiatives help enhance product quality and customer satisfaction. Production Planning Upon receiving an order, production planning kicks in.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Inventory Management Software 52

GlobalTranz

NOVEMBER 28, 2016

Editor's Note: Today's blog is by our great friend, Chuck Intrieri where he gives us a fantastic example of how Procurement and Suppliers can enhance Supplier Relations by navigating the "Battle of the Forms.". Battle of the Forms: Will You Win, Lose or Draw? Naturally, a supplier relations conflict exists.

Negotiate Pricing 120

Negotiate Pricing Manufacturing Procurement Optimal Sourcing Purchasing Skills 120

ModusLink Corporation

SEPTEMBER 7, 2023

Supply Chain Management: Supply chain management takes on a comprehensive role in overseeing the entire journey of products, from their origin as raw materials or components through the stages of production, sourcing, and ultimately, final distribution to end customers. It involves receiving, tracking, and efficiently storing these products.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Supply Chain Management: Supply chain management takes on a comprehensive role in overseeing the entire journey of products, from their origin as raw materials or components through the stages of production, sourcing, and ultimately, final distribution to end customers. It involves receiving, tracking, and efficiently storing these products.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Supply Chain Management: Supply chain management takes on a comprehensive role in overseeing the entire journey of products, from their origin as raw materials or components through the stages of production, sourcing, and ultimately, final distribution to end customers. It involves receiving, tracking, and efficiently storing these products.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

Elementum

FEBRUARY 7, 2024

Procurement: Automated Procurement Processes AI enhances procurement by automating supplier selection, contract management, and purchase order processing. This not only speeds up procurement cycles but also ensures compliance and optimizes costs through intelligent vendor evaluation and selection.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

EC Sourcing Group

MAY 3, 2023

When we make more environmentally friendly sourcing choices, we can reduce greenhouse gas emissions and minimize our impact on the environment. In our previous blog post, we discussed the benefits of sourcing locally. R educe your carbon footprint and improve sustainability in your supply chain.

Material Savings 52

Material Savings Waste Reduction Resource Reduction Procurement Solutions 52

Synovos

AUGUST 21, 2023

The program recognizes the winners’ commitment to continuous improvement in the prevention of accidents at work while examining health and safety management systems, including practices such as leadership and workforce involvement. “RS Together, the two form the world’s first MRO supply chain services company with true global reach.

Eliminating Excel in Purchasing 52

Eliminating Excel in Purchasing Manufacturing Procurement Optimal Sourcing Procurement Solutions 52

Supply Chain Network

FEBRUARY 10, 2011

So far in this series on Avoiding Procurement Malpractice, we’ve examined spend visibility and analysis as critical elements of best-in-class procurement practices. Continues seamlessly through contract execution. Link processes and technologies, like eSourcing for continuity, visibility and efficiency. Paul Martyn.

Optimal Sourcing 84

Optimal Sourcing Sourcing Strategies Procurement Waste Reduction 84

HICX Solutions

AUGUST 11, 2021

SXM Webinar Series with Art of Procurement. In the first of a three-part Art of Procurement Live Webinar Series ‘Putting the Supplier Experience at the Forefront of Strategic Procurement’ in partnership with HICX, we focus on how to make the business case for Supplier Experience Management (SXM). .

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Procurement Solutions Charlotte 52

Unleashed

APRIL 18, 2024

The JIT model at Dell involves a sophisticated supply chain system where components are procured and assembled only as needed to produce computers with a high degree of customisation. JIT demands meticulous planning, a culture of continuous improvement, and responsiveness to meet the dynamic needs of the food market.

Just-in-Time 52

Just-in-Time Manufacturing Procurement Waste Reduction Inventory Reduction 52

AFFLINK

MAY 11, 2017

In much the same way, any business seeking success in the procurement management environment should address the fundamentals first. Procurement management accountability builds from having processes and quality controls that meet or surpass customer expectations. The late John Wooden focused on fundamentals. Reinforcing Accountability.

Optimal Sourcing 61

Optimal Sourcing Sourcing Strategies Procurement Cost Reduction Strategies 61

SCMDOJO

FEBRUARY 29, 2024

It is arguably true that supplier performance management is considered a business practice for measuring, analyzing, and managing supplier performance to reduce cost, and risk and also drive continuous improvement. They do not relate to any overall company procurement goals and objectives.

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Arena Solutions

MAY 22, 2023

From engineering, quality, and procurement to suppliers and contract manufacturers—everyone must work off the same design to ensure that the right parts get sourced, the proper assembly lines and tooling are in place, and the product meets customer expectations. There are many players involved in the product development process.

Supply Chain Design Software 78

Supply Chain Design Software Manufacturing Procurement Procurement Solutions Modeling Software 78

Supply Chain Shaman

SEPTEMBER 2, 2016

Before I started doing this research, I believed procurement and manufacturing were aligned. While this is the case in 50% of the organizations, there are many organizations with large alignment gaps between finance/operations and procurement/manufacturing. The focus cannot be about only continuous improvement of existing processes.

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Strategy Supply Chain Design Software Supply Chain Software 0

ivalua

DECEMBER 19, 2019

in “ The Forrester Wave™: Source-to-Contract Suites, Q4 2019.” Ivalua is now the only vendor positioned as a Leader in four separate reports — the Gartner Magic Quadrant for Strategic Sourcing Application Suites, Gartner Magic Quadrant for Procure-to-Pay Suites, The Forrester Wave™: eProcurement Platforms, Q4 2019 and this report. “At

Optimal Sourcing 20

Optimal Sourcing Sourcing Strategies Analytics Software Supply Chain Planning Software 20

ivalua

AUGUST 5, 2020

Invoice to Pay sits at the end of a Procurement process that starts with a need, moves through selecting and contracting with a supplier and ends with delivery of goods or services. . At each step of this Procurement process, data is gathered, suppliers are onboarded, and deliveries are accepted.

Procurement Solutions 130

Procurement Solutions Optimal Sourcing Supply Chain Software Supply Chain Network Software 130

GlobalTranz

SEPTEMBER 23, 2021

A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. Leveraging a 3PL to analyze and provide data-driven recommendations helps businesses create continuous improvement of their supply chain in today’s highly competitive market.? . Reducing Reliance on Outdated Systems and Technology.

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

QAD

AUGUST 12, 2021

Let’s cover just three areas where ERP drives greater sustainability: Responsible Sourcing – Manufacturing ERP systems support efforts to identify responsible, sustainable sources of materials. It’s a constant area of focus to eliminate waste throughout an organization and drive continuous improvement.

Waste Reduction 98

Waste Reduction Resource Reduction Material Savings Inventory Reduction 98

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.

Purchasing Skills 73

Purchasing Skills Optimal Sourcing Negotiating Skills Sourcing Strategies 73

Supply Chain Game Changer

JUNE 23, 2021

Featuring Our 12 Best Procurement Articles! While they should have a strong emphasis on increasing sales, they often under-invest in improving procurement performance. While good procurement teams do their best to maintain a good discipline in procurement practice; there is a lot of room for improvement.

Optimal Sourcing 72

Optimal Sourcing Analytics Software Optimization Software Supply Chain Software 72

ivalua

DECEMBER 18, 2019

in “ The Forrester Wave™: Source-to-Contract Suites, Q4 2019.” At Transalta, managing costs and delivering continuous improvements in sustainability are fundamental to who we are, and what we expect from our suppliers,” said Timothy Morrison, Manager, Supply Chain at Transalta. About Ivalua. Follow us at @Ivalua.

Optimal Sourcing 20

Optimal Sourcing Sourcing Strategies Analytics Software Supply Chain Planning Software 20

SCMDOJO

NOVEMBER 17, 2023

We have Courses like S&OP deployment, Supply Chain Digitalization , , and Negotiation in Procurement. Whether it’s purchasing, procurement, transport, technology, facilities, or other specialized areas, understanding your passion will influence the subsequent steps in this rewarding career path.

Supply Chain Planning Software 70

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Negotiating Skills 70

Unleashed

AUGUST 20, 2023

It includes everything from the procurement of raw materials to production, inventory management, and shipping. How to shorten lead times You can take several strategic actions to shorten lead times and improve overall efficiency in delivering products. Here are a few of the most useful ones. Let’s break down the most common ones.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

SYSPRO Smarter ERP

JUNE 6, 2022

This involves: identifying what the critical components are; ensuring that these components can be sourced from multiple suppliers. The Theory of Constraints (TOC), a well-known process improvement methodology, can be applied to analyzing the supply chain. Companies should now focus on risk management when it comes to inventory.

Inventory Reduction 119

Inventory Reduction Optimal Sourcing Inventory Modeling 119