Remove Eliminating Excel in Purchasing Remove Metrics Remove Procurement Analytics Remove Supply Chain Disruption
article thumbnail

How Manufacturers Can Leverage AI & Analytics For Strategic Decision-Making

Silvon Software

Insights gleaned from robust data analytics enable core business areas to identify opportunities for risk reduction, enhance operational efficiencies, and foster strategic initiatives that drive business growth. For example, using forecasting models to predict quarterly sales and adjust marketing spend accordingly.

article thumbnail

Enhancing Procurement Excellence Through the Power of Negotiation

Procurement Academy

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Driving Sustainable Growth Through Supply Chain Resilience

The Logistics & Supply Chain Management Society

Driving Sustainable Growth Through Supply Chain Resilience. Every industry sector and every business across the board, in APAC and around the globe have been impacted by the Great Supply Chain Disruption over the last two years, causing a blow out of transportation costs and continuous delays at every stage of the channel.

article thumbnail

Raw Material Inventory Management: Manufacturer’s Guide

Unleashed

Raw material inventory management oversees the procurement, handling, and storage of raw materials. It encompasses the processes involved in purchasing, tracking, consuming, and relocating raw materials. Reliance on a few suppliers How you procure and manage your suppliers will impact how they perform.

article thumbnail

Elevating Supply Chain Visibility through Effective Marketing

SCMDOJO

When customers have transparency into product availability, delivery timelines, and order status, they are more likely to complete purchases and continue shopping with a business. Customers face significant frustrations that erode brand trust and sales without supply chain visibility.

article thumbnail

When The Wheels Fall Off

Supply Chain Shaman

If I do an excellent job at safety stock management, my company will have the right levels of inventory. We start in a room surrounded by whiteboards, and we begin mapping the supply chain disruptions month by month. The pending supply chain disruptions will not be that easy to fix. Conclusion.

article thumbnail

5 Trends Changing Supply Chains for the Better in 2024

Logility

Depending on who you ask, the answer can be anything from low costs and efficiency to a delicate balance between profitability and customer service. Enter our list of supply chain trends for 2024. The same holds for the supply chain organization.