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

GlobalTranz

JULY 28, 2021

That means identifying areas of waste, overlap and large volumes and enabling continuous improvement through the use of transportation metrics to track performance. Leveraging data for continuous improvement makes transportation optimization more synonymous with managed transportation.

Optimal Sourcing 317

Optimal Sourcing Optimization Software Network Optimization Supply Chain Optimization 317

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

Jaggaer

OCTOBER 22, 2019

Our recently published report, “ Digital Transformation in Procurement: How Close Are We? ”, which is based on a global survey with responses from 391 CPOs and other senior procurement decision makers, showed that most progress had been made with the automation of supplier management, procure-to-pay and spend management processes.

Optimal Sourcing 60

Optimal Sourcing Manufacturing Procurement Predictive Analytics Software Supply Chain Network Software 60

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

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. Document processes and provide training to employees to ensure compliance and proficiency.

Optimal Sourcing 52

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

The Logistics & Supply Chain Management Society

FEBRUARY 16, 2023

Suppliers are often overlooked in continuous improvement efforts, but along with buyers, they are on the front lines. Procurement leaders say that when tackling a disruption, relationships with suppliers are what really make the difference. Look to your supplier relationships as step one in reducing risk and vulnerability.

Supply Chain Planning Software 130

Supply Chain Planning Software Predictive Analytics Software Manufacturing Procurement Price Reduction 130

SCMDOJO

JUNE 6, 2023

Many professionals rely on MS Excel as the go-to software for supply chain and procurement tasks but creating detailed dashboards can be time-consuming and exhausting. This customizable Excel tool provides a clear definition and measurement of KPIs, helping you keep your targets SMART and drive continuous improvement.

Supply Chain Planning Software 89

Supply Chain Planning Software Supply Chain Software Optimization Software Material Savings 89

SCMDOJO

APRIL 11, 2023

If you’re a supply chain management professional, you’re probably aware of how important it is to continuously improve your skills and knowledge in this field. It covers the basics of procurement, including procurement strategies, contract management, and supplier selection. Fresh, easy to digest format.

Supply Chain Design Software 113

Supply Chain Design Software Course Supply Chain Planning Software Supply Chain Software 113

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

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

Logility

OCTOBER 27, 2021

Businesses can set specific goals to encourage suppliers to be more sustainable or take an indirect approach through training and education. Traceability solutions can help improve sustainability throughout the apparel supply chain. Commit to continual improvement. You can rely on the group for that.

Apparel 130

Apparel Sustainability Supply Chain Strategy Supply Chain Software 130

SCMDOJO

DECEMBER 14, 2023

Limited Scope: Offers a more focused and individualized approach to the procurement process. Diverse Expertise: Leverages collective knowledge and resources for a more comprehensive and streamlined procurement process. Streamlining Logistics: Coordinating the logistics of procuring goods internationally involves a multitude of tasks.

Purchasing Skills 73

Purchasing Skills Optimal Sourcing Negotiating Skills Sourcing Strategies 73

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

Precoro

DECEMBER 11, 2023

As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased. Strategic sourcing involves the meticulous evaluation of suppliers and the overall procurement process to extract maximum value from both. Create a purchasing process.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Procurement Academy

MARCH 3, 2021

Corporate training plays a crucial role in equipping your company’s employees with valuable resources and relevant educational material. The purpose is to deliver better results and improve your business operations. Research highlights that traditional corporate training can negatively impact employees’ retention.

Buyer Training 105

Buyer Training Price Mitigation Strategies Training Resource Reduction 105

GlobalTranz

SEPTEMBER 23, 2021

The forthcoming infrastructure bill may contain funds to help assist shipper needs, such as grants to increase the number of driver training facilities and kickbacks to carriers that implement added safety measures. A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season.

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

Supply Chain View from the Field

SEPTEMBER 24, 2015

Next, the Process dimension assesses the extent to which continuous improvement in diversity objectives are pursued. This involves establishing on-going efforts to align training of suppliers with new sourcing requirements. The next big thing was Safety –that was our mantra.

Optimal Sourcing 60

Optimal Sourcing Procurement Purchasing Training Metrics 60

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. Cross-training: Train employees to handle multiple tasks or stages of production.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

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. At 30,000 feet, answer these questions to drive improved adoption: • Have we trained everyone? 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

GlobalTranz

JULY 12, 2016

A Director of Operations, Warehouse Director or Manager, or even the Director of Supply Chain or Logistics, are always in the pursuit of continuous improvement as well as warehouse cost savings in both time and money. Invest in training/re-certification. Cross-train all employees. Use flextime. Move your time clocks.

Material Savings 120

Material Savings Cost Reduction Strategies Waste Reduction Optimal Sourcing 120

Proxima

AUGUST 24, 2023

The tech space is continually improving and growing, and the options for sustainable procurement professionals can be overwhelming, making it difficult to know where to start. Unless there is a significant push for improved carbon literacy training and development, it will be difficult to shift the dial on retaining talent.

Benchmarking 52

Benchmarking Supply Chain Planning Software Cost Reduction Strategies Optimal Sourcing 52

Proxima

AUGUST 24, 2023

The tech space is continually improving and growing, and the options for sustainable procurement professionals can be overwhelming, making it difficult to know where to start. Unless there is a significant push for improved carbon literacy training and development, it will be difficult to shift the dial on retaining talent.

Benchmarking 52

Benchmarking Supply Chain Planning Software Cost Reduction Strategies Optimal Sourcing 52

Elementum

FEBRUARY 7, 2024

Advances in technology drive the automation and continuous improvement of business workflows. It goes beyond traditional automation by encompassing a wider array of processes and focusing on both the effectiveness and the continual improvement of workflows. What is digital process automation?

Optimal Sourcing 78

Optimal Sourcing Optimization Software Modeling Prescriptive Analytics Software 78

Precoro

AUGUST 31, 2023

For example, to avoid costly equipment repairs in the future, a company might conduct intensive training for the manufacturing staff and prioritize teaching them how to use expensive equipment properly. Cost saving is never an “introduce and let it be” process but one requiring continuous improvements.

Material Savings 105

Material Savings Cost Reduction Strategies Expense Reduction Price Reduction 105

Supply Chain Game Changer

JANUARY 15, 2020

Train staff. Train managers. Train temporary workers. Train drivers. Train vendors. Train everyone on standardized operations. A Responsive Supply Chain is ready to answer demand and always focuses on the need for continuous improvement. supplychainmanagement #procurement #logisticsmanagement.

Supply Chain Planning Software 53

Supply Chain Planning Software Supply Chain Software Vendor Strategies Supply Chain Strategy 53

GlobalTranz

SEPTEMBER 28, 2016

2) Implement Continuous Improvement Projects ( Lean, Process Capability, Six Sigma ) with Key Strategic Suppliers to Drive Cost-Out and Supply Base Capability. . 4) Improve Materials Management Competency in Supply Base. .

Supply Chain Planning Software 120

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning Supply Chain Software 120

Unleashed

DECEMBER 12, 2023

It also acts as a crucial document for coordination among different teams – such as design, procurement, production, and quality control – ensuring everyone is on the same page when it comes to manufacturing. Apply continuous improvement methods Continuous improvement in manufacturing ensures maximum output in relation to your inputs.

Sourcing Strategies 52

Sourcing Strategies Material Savings Inventory Management Software Supply Chain Design Software 52

Unleashed

JANUARY 24, 2022

MRO inventory can account for a sizeable portion of a business’ total procurement spend. Take a comprehensive approach to MRO inventory procurement. Train staff on how and where they can find the MRO inventory they need and the procurement processes of the organisation. Conduct regular audits of equipment and processes.

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

ivalua

DECEMBER 6, 2022

Author: Hubert Verweij , Head of Procurement Transformation, Capgemini Invent Sweden and Finland. Nowadays, Procurement practitioners primarily talk about emerging topics like the reduction of scope 3 emissions, supplier-enabled innovation and supply risk management. Procurement as end-to-end process owner .

Optimal Sourcing 130

Optimal Sourcing Pricing Training Optimization Software Procurement Solutions 130

Supply Chain Game Changer

NOVEMBER 9, 2018

And I could see some focus on continuous improvement. Some facilities would be reporting on continuous improvement activity but it happened occasionally. Other facilities had no continuous improvement activity at all. Training Overview with Learning through Self Practice.

Agile and Lean Supply Chain 55

Agile and Lean Supply Chain Lean Six Sigma Optimal Sourcing 55

GlobalTranz

APRIL 30, 2015

Editor’s Note: We continue our collaborative blog series with Ben Goldwasser of Spendrix, a company who helps shippers determine which carriers operate best in certain regions, and conditions, allowing you to be more thorough. Therefore, when you arrive on-site, it is important to check out your carrier’s training capabilities.

Risk Management 120

Risk Management Buyer Training Logistics Network Optimization Software Cargo 120

The Logistics of Logistics

JULY 7, 2019

Continuous improvement. Employee awareness and training. Update procurement and carrier agreements to include FSMA provisions. Business intelligence & KPIs. Real time monitoring and alerts for non-compliance. Now that we know the basics, what is the first key to cold chain success? Creating the Right Culture.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Logistics Network Optimization Software 100

Supply Chain Opz

JANUARY 22, 2016

Brian Miller, VP of Services at Intesource, a PROACTIS company Managed services is a sourcing approach less common in the procurement industry today, but poised to grow tremendously over the next couple years. Strategic procurement platforms help organizations analyze their data and make it actionable.

Predictive Analytics Software 100

Predictive Analytics Software Supply Chain Network Software Logistics Network Optimization Software Analytics Software 100

Unleashed

APRIL 21, 2024

Purchase order processing Purchase order processing is a component of procurement that ensures that goods or services are acquired efficiently and effectively. This data-driven strategy enables more informed decision-making and can significantly improve workflow management, leading to increased productivity and success.

Inventory Management Software 52

Inventory Management Software Analytics Software Supply Chain Design Software Demand Planning Software 52

HICX Solutions

JULY 13, 2023

At both the Americas Procurement Congress and World Procurement Congress 2023 , we took a deep dive into the world of the supplier portal, dispelling some myths and hearing from Johnson & Johnson and Heineken about their views on this topic. We had no better way to share information than just an email to the suppliers.”

Optimal Sourcing 52

Optimal Sourcing Procurement Sourcing Strategies Optimization Software 52

American Global Logistics

SEPTEMBER 12, 2023

It involves coordinating and integrating various activities, from procurement to production to distribution, to ensure the seamless flow of goods and services. It is crucial to communicate the benefits of innovation, provide training and support to employees, and involve stakeholders in the decision-making process.

Sourcing Strategies 52

Sourcing Strategies Optimal Sourcing Supply Chain Planning Software Supply Chain Software 52