SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.

Procurement Solutions 108

Procurement Solutions Manufacturing Procurement Procurement Analytics Optimal Sourcing 108

SCMDOJO

DECEMBER 29, 2024

SCMDOJO Academy elevates your procurement and supply chain skills through its extensive course library. SCMDOJO offers a diverse range of courses to cater to various learning needs. Here are 10 of their top-rated courses: 1. The best part about availing this course is that it’s FREE.

Optimal Sourcing 98

Optimal Sourcing Course Negotiating Skills Purchasing Skills 98

Precoro

OCTOBER 6, 2022

With the global market expansion and deepening supply chain complexity, the roles of procurement leaders have evolved from tactical to strategic. Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. How often do purchases happen?

Manufacturing Procurement 80

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 80

Material Handling & Logistics

OCTOBER 30, 2018

With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing. However, it is fundamental to empowering procurement success in the modern age.

Optimal Sourcing 110

Optimal Sourcing Procurement Solutions Procurement Analytics Procurement 110

Precoro

JULY 15, 2024

The chief procurement officer (CPO) is a senior executive responsible for developing and implementing their organization’s procurement policies, procedures, and strategies. Making sure these purchases are of high quality and compliant with relevant laws and regulations also falls under the CPO’s responsibilities.

Negotiating Skills 90

Negotiating Skills Manufacturing Procurement Procurement Analytics Procurement Solutions 90

Unleashed

MARCH 9, 2021

What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Procurement Academy

JULY 19, 2024

Procurement transformation, although innovative and beneficial, often arises alongside a resistance to change, lack of skills and data issues within teams. As modern supply chains become larger and more intricate, strong procurement strategies are needed to minimize any risk and maximize growth and efficiency.

Cost Reduction Strategies 90

Cost Reduction Strategies Price Reduction Inventory Reduction Sourcing Strategies 90

The Logistics & Supply Chain Management Society

FEBRUARY 16, 2023

Procurement, activities such as strategic sourcing, are one of the main processes in the supply chains that can generate a positive impact on companies by giving them a competitive advantage in the market. Strategic sourcing can help supply chain leaders identify potential risk factors and develop procurement mitigation plans.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Sourcing Strategies Optimal Sourcing Purchasing Skills 130

SCMDOJO

SEPTEMBER 18, 2023

Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. So, get ready to elevate your communication skills and gain a deeper understanding of the procurement domain.

Negotiating Skills 105

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 105

Supply Chain Game Changer

APRIL 15, 2020

Digital Procurement article, and permission to publish here, provided by Sam Jenks at kodiakrating.com. Navigating the complexity of the global supply chain as a procurement professional can sometimes feel like taking a walk through the Amazon without a compass, or entering into outer space without an oxygen tank. Don’t Panic!

Procurement Solutions 90

Procurement Solutions Procurement Analytics Procurement Eliminating Excel in Purchasing 90

ivalua

MARCH 30, 2022

A company’s supply chain is a key source of competitive advantage and Supply Chain Management (SCM) is designed to allow a company to monitor its suppliers and utilize the available resources to improve performance. But most sourcing and procurement teams need to pivot and modify the way they handle SCM decisions.

Procurement Solutions 130

Procurement Solutions Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement 130

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Supply chain planning involves interaction with different types of information based on internal and external data sources. This includes internal and external data sources.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 278

GlobalTranz

JANUARY 10, 2017

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. Of course, the human controlling capacity for actual AI is still far from realistic, but the concept of a superior AI did make strides this year. Artificial Intelligence.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Optimal Sourcing Procurement Analytics 120

Supply Chain Game Changer

JANUARY 21, 2020

Procurement language article originally published by, and permission to publish here provided by, Sam Jenks at kodiakrating.com. From one Procurement organization to the next, terminology differs. Procurement is a function, that is undergoing transformation; technologically and ideologically. Subscribe Here! Email Address.

Procurement Solutions 87

Procurement Solutions Procurement Purchasing Training South Africa 87

Procurement Academy

FEBRUARY 4, 2025

Modern procurement professionals need to be among some of the most highly skilled workers in any organization, and we want to help you identify exactly what essential procurement skills you need to lead your team as the industry continues to grow and evolve.

Negotiating Skills 59

Negotiating Skills Purchasing Skills Buyer Training Optimal Sourcing 59

ivalua

APRIL 5, 2019

In my last two articles ( here and here ) I’ve been talking about the need for Procurement to think about how we can move beyond our historical transactional role and embrace approaches to help drive competitive advantage and real value for our organisations. I’d suggest that “speed” has both internal and external dimensions.

Procurement Solutions 100

Procurement Solutions Procurement Analytics Optimal Sourcing Procurement 100

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 75

Negotiating Skills Purchasing Skills Buyer Training Procurement Solutions 75

Supply Chain Game Changer

JANUARY 9, 2019

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. Regardless of your position or situation it is highly valuable to understand the type of interview questions, and answers, appropriate for Procurement and Purchasing professionals.

Procurement Analytics 68

Procurement Analytics Manufacturing Procurement Procurement Solutions Purchasing Skills 68

SCMDOJO

FEBRUARY 5, 2025

The world of procurement is constantly evolving, demanding professionals with the right skills and knowledge. Moreover, two popular options often considered are the MCIPS qualification from the Chartered Institute of Procurement & Supply (CIPS) and the Procurement Track offered by SCMDOJO.

Negotiating Skills 59

Negotiating Skills Procurement Solutions Optimal Sourcing Purchasing Skills 59

ModusLink Corporation

NOVEMBER 30, 2021

The introduction of E-Procurement: Price and availability are not the only factors to be considered in a purchasing decision, especially now that a strong supply chain has become an unmissable element for every company in today’s business climate (Namulo, 2017).

Manufacturing Procurement 78

Manufacturing Procurement Procurement Solutions Optimal Sourcing Negotiating Skills 78

Logistics Viewpoints

JUNE 20, 2022

Mr. Bailey has worked most of his career at VF – as an industrial engineer in facilities, in strategic sourcing, running offshore operations, and now as the person in charge of the company’s entire supply chain. VFC’s supply chain sourced over 410 million units of apparel, footwear, and accessories in their last fiscal year.

Agile and Lean Supply Chain 269

Agile and Lean Supply Chain Supply Chain Planning Software Manufacturing Procurement Supply Chain Software 269

ivalua

AUGUST 1, 2022

Leading, high-performing procurement organizations share one common trait–they consistently prioritize a holistic and integrated approach to Supplier Management. Aligning suppliers to overall Procurement and broader business strategy is critical to create sustained long-term value. . or a contractual relationship.

Supplier Management 130

Supplier Management Sourcing Strategies Procurement Solutions Optimal Sourcing 130

Supply Chain Shaman

JUNE 16, 2014

Over the course of the last year, I have written about this extensively. I sometimes wonder if I should create a new class of technologies for the network design tools because they have changed so much.) These tools allow us to look at sell, source, make, and deliver together. They are slow to adapt. I am an old gal. (I

Supply Chain Design Software 286

Supply Chain Design Software Network Design Software Supply Chain Planning Software Supply Chain Network Software 286

Jaggaer

MARCH 23, 2020

This was all very well but unless you had a PhD in statistics or mathematics or an applied mathematics subject like risk management, analytics was not a whole lot of use to you; even if you could make sense of the complex algorithms, it was hard to work out which tools to apply. And that, of course, includes procurement professionals.

Procurement Analytics 78

Procurement Analytics Analytics Software Procurement Solutions Optimal Sourcing 78

ivalua

JUNE 29, 2020

Now, of course the systems of healthcare differ but overall the level and growth is certainly a concern. As is, the healthcare supply chain is complex with multiple players involved such as manufacturers, distributors and group purchasing organizations (GPOs) supporting and interacting with multiple departments and care delivery points.

Supply Chain Planning Software 219

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Optimal Sourcing 219

SCMDOJO

JULY 28, 2022

The purchasing department purchases different types of goods and services. This means that every time you host a sourcing event, the same suppliers bid on the same products at the same prices. Supplier Data Storage: As the organization grows, it becomes essential to have a Supplier data storage solution.

Negotiate Pricing 132

Negotiate Pricing Purchasing Skills Procurement Solutions Negotiating Skills 132

Jaggaer

DECEMBER 13, 2024

What are P2P solutions? Procure-to-pay i s a specific subdivision of the procurement pr ocess. Whereas source-to-contract describe s upstream processes, includ ing sourcing and contract management, procure-to-pay refers to the downstream activities involved in actually acquiring goods and services.

Procurement Solutions 52

Procurement Solutions Optimal Sourcing Procurement Analytics Negotiating Skills 52

Logility

APRIL 21, 2020

In fact, demand forecasts are used throughout the supply chain including supply chain design, purchasing, operations, inventory, and sales and marketing. In large part due to computer processing power, new advances in forecasting and the abundance of new data sources have helped to increase forecast reliability. Price optimization.

Forecasting 157

Forecasting Optimal Sourcing Forecasting Software Modeling 157

EC Sourcing Group

NOVEMBER 17, 2020

The importance of using supply chain management software is notable because of the importance of the supply chain itself. Read on to learn more about types of supply chain management software and how to pick the best type for your company’s needs. . Thus, you’ll see a lot of: eSourcing tools. Automated tools.

Procurement Solutions 52

Procurement Solutions Supply Chain Software Supply Chain Planning Software Forecasting Software 52

Supply Chain Game Changer

OCTOBER 15, 2019

Procurement is a core function in every single company. Whether purchasing goods or services to support the company’s product offering or purchasing goods or services to support the infrastructure and operation of the company, Procurement is key. What Exactly is Procurement? And What is Purchasing?

Procurement Solutions 11

Procurement Solutions Purchasing Skills Negotiating Skills Negotiate Pricing 11

Precoro

JULY 16, 2023

The purchasing department plays a critical role in the success of an organization. Thought-out practices and well-managed workflows within the purchasing department are crucial for making sure that the company has the necessary resources available at the right time and at a reasonable cost.

Pricing Training 73

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 73

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. Remove the noise.

Procurement Solutions 69

Procurement Solutions Procurement Analytics Optimal Sourcing Negotiating Skills 69

SCMDOJO

JULY 16, 2024

We’ll delve into each challenge and explore potential solutions: 1. Companies may purchase vehicles sized for peak periods, resulting in excess capacity during slow times [1]. Solutions: Electrification: Transitioning to electric vehicles (EVs) significantly reduces tailpipe emissions.

Optimal Sourcing 97

Optimal Sourcing Procurement Solutions Supply Chain Design Software Research 97

The Logistics & Supply Chain Management Society

JUNE 30, 2022

As part of LogiSYM Asia Pacific 2022, we had the opportunity to chat with Vittorio Favati, Chief Executive Officer – TVS Supply Chain Solutions GFS. Currently, I am leading the Global Forwarding Solutions (GFS) business of TVS SCS. How has Business and Supply Chain changed over the course of your career?

Supply Chain Design Software 130

Supply Chain Design Software Supply Chain Planning Software Procurement Solutions Supply Chain Software 130

Supply Chain Game Changer

JANUARY 10, 2019

Article provided to Supply Chain Game Changer by Katalin Brennan at Eyvo E-Procurement. We’ve all heard of the need for Procurement to embrace the Digital Transformation for many years. There are few procurement-specific personality surveys available. There are a number of free sources to do this like 123test.

Optimal Sourcing 61

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 61

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

MAY 8, 2019

Hey Procurement! From one Procurement organization to the next, terminology differs. Of course, it’s impossible to expect that every company would work within the exact same framework of understanding and messaging, but the lack of being able to communicate can sometimes be the difference between success and failure.

Procurement Solutions 50

Procurement Solutions Procurement Purchasing Training South Africa 50