SCMDOJO

FEBRUARY 13, 2023

This department manages the selection, acquisition, and payment of goods and services needed to run a business. The Purpose of the Procurement Department The procurement department adds value to an organization by obtaining quality goods and services at competitive prices.

Negotiating Skills 87

Negotiating Skills Purchasing Skills Negotiate Pricing Procurement Analytics 87

SCMDOJO

SEPTEMBER 4, 2023

Accordingly, if organizations want to succeed and grow in the long-term, they need to cooperate, organize, and manage their logistics very wisely and mitigate its problems and risks simultaneously. Depending on the organizational need and request there are a set of different types of LSP, ranking from 1PL up to 6PL.

Logistics Network Optimization Software 94

Logistics Network Optimization Software Negotiating Skills 3PL Negotiate Pricing 94

ivalua

FEBRUARY 24, 2021

Recent data from the Hackett Group reveals that AP teams that provide self-service capabilities to suppliers can achieve Superhero status by reducing inquiries by 49% and saving 50% on master data management costs. Here are 6 key steps to follow: 1. Provide self-service capabilities. It’s time to join forces with you Suppliers.

Cost Reduction Strategies 130

Cost Reduction Strategies Resource Reduction Negotiating Skills Optimal Sourcing 130

The Logistics & Supply Chain Management Society

MARCH 14, 2023

The following are some suggestions and insights from this assembled group of experts. What tools we can use to benchmark ocean freight and carriers’ service reliability? Types of Ocean Freight Contract POSSIBLE TOOLS FOR BENCHMARKING RATES Like in any industry, we gather market Intelligence through our own network.

Optimal Sourcing 130

Optimal Sourcing Logistics Network Optimization Software Procurement Logistics 130

SCMDOJO

APRIL 20, 2023

Within this department, the procurement manager plays a key role in overseeing the entire process, from identifying the need for goods or services to negotiating contracts with suppliers. Additionally, procurement managers must stay up-to-date on industry trends and best practices in order to make informed purchasing decisions.

Negotiating Skills 95

Negotiating Skills Optimal Sourcing Procurement Analytics Manufacturing Procurement 95

Logistics Viewpoints

OCTOBER 7, 2022

For those unaware of the term, shrink is an accounting term used to describe when a store has fewer items in stock than in its recorded book inventory. The company created Project Gigaton in 2017 to engage suppliers and other stakeholders up and down the supply chain to reduce carbon emissions.

Logistics Network Optimization Software 185

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Precoro

AUGUST 31, 2023

In business, the term “cost savings” refers to actions aimed at reducing the company’s expenses and increasing the bottomline. Let’s take office cleaning services as an example. Cost savings also allow companies to free up some cash and put funding elsewhere.

Material Savings 105

Material Savings Cost Reduction Strategies Expense Reduction Price Reduction 105

Precoro

SEPTEMBER 2, 2022

Procurement is a process of acquiring goods and services that the company needs for operating. Services procurement includes sourcing services provided by people – consultancy, for instance. No matter your organization's procurement process, you aim to have the highest ROI and predictability in procuring items and services.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Optimal Sourcing 98

Precoro

AUGUST 14, 2023

According to KPMG , a global network of professional firms providing audit, tax, and advisory services, building a dedicated procurement team helps companies achieve substantial cost savings through effective vendor and category management. People can follow different paths to become a purchasing manager. Read on to learn about them.

Negotiating Skills 98

Negotiating Skills Purchasing Skills Buyer Training Procurement Solutions 98

Supply Chain Matters

NOVEMBER 14, 2023

The Supply Chain Matters blog provides our latest news capsule edition follow-up relative to updating our readers to prior industry supply chain management developments that we have shared on this blog. It further follows an announcement from Toyota earlier this month that most of this automaker’s U.S.

Supply Chain Design Software 52

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Precoro

JULY 16, 2023

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 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

SCMDOJO

JULY 28, 2022

The purchasing department purchases different types of goods and services. A database of suppliers offering different types of goods and services means you can invite more suppliers to your event whenever you’re ready to buy something. Geographic service area. Then the Supplier registration form comes in handy.

Negotiate Pricing 108

Negotiate Pricing Purchasing Skills Procurement Solutions Negotiating Skills 108

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2023

Followed by the benefits to reduce logistics cost of expedites, demurrage and detention (58%), increase cash on hand by improving inventory management (23%) and to optimize carrier performance (19%). 4PL’s act as a single point of contact and coordinate for all logistics services, leveraging their expertise and technology platforms.

Rail Software 244

Rail Software Real-time Visibility Supply Chain Planning Software Predictive Analytics Software 244

SCMDOJO

DECEMBER 14, 2023

It makes the job of getting goods and services easier. Task-Specific Services: Primarily involved in tasks like supplier identification, negotiation, and quality control. Comprehensive Services: Offers a broader range of services, including market research, logistics coordination, and risk mitigation.

Purchasing Skills 73

Purchasing Skills Optimal Sourcing Negotiating Skills Sourcing Strategies 73

EC Sourcing Group

DECEMBER 5, 2022

Contract Compliance and Strategic Sourcing. It’s important to ensure that your vendors meet your company’s standards regarding all contracts and purchase orders. The two must work together to keep the source-to-contract process flow working effectively. . Award the contract. What Are Key Components of Contract Management?

Negotiating Skills 52

Negotiating Skills Sourcing Strategies Purchasing Skills Sourcing 52

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2021

However, there is now a growing appreciation that going green correlates with increased profit as demand for products with sustainable credentials grow and Asian companies get set to move up the value chain. But newer technologies, like blockchain, are becoming an increasingly popular method for verification and helping to speed up processes.

Supply Chain Planning Software 223

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SCMDOJO

OCTOBER 14, 2023

Understanding Supply Chain The production industry uses a variety of procedures to serve its consumers through the market; all these activities can be covered under one umbrella term: supply chain. Supply chain can’t be limited to only the physical products; it is also related to services, although there may be a slight change in steps.

SCM 87

SCM Examples Supply Chain Design Software Supply Chain Network Software 87

ivalua

OCTOBER 4, 2021

This blog post shares key takeaways from the webinar, including research findings and a checklist you can follow to help you to leverage CSR to drive revenue, while making a positive impact for society. To fix the problem, Boohoo increased CSR transparency and ended contracts with 64 non-compliant suppliers.

Optimal Sourcing 130

Optimal Sourcing Study Supply Chain Planning Software Sourcing Strategies 130

Precoro

AUGUST 26, 2021

You’ll mostly hear people use these terms interchangeably, but let’s find out why you shouldn’t. A complex process associated with sourcing and obtaining goods and services. A set of activities directly related to acquiring goods and services. Has long-term goals like gaining competitive advantage for the business.

Pricing Training 98

Pricing Training Procurement Solutions Procurement Analytics Purchasing Training 98

Supply Chain Shaman

JUNE 1, 2022

How We Screwed Up Planning. I work with a group that has a sub-team focused on cost, one on customer service, and one on inventory, but lack alignment on a standard definition of supply chain excellence. Each plan operates on its own island, and procurement and contract manufacturing are isolated.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 195

Precoro

MAY 22, 2023

Strong companies depend on a range of hardware and software solutions to support key business processes like customer service, financial management, and supply chain operations. Information technology procurement focuses on obtaining the IT products and services needed to support business operations. What is IT procurement?

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

Precoro

OCTOBER 6, 2022

It can answer the following questions for business: What are we buying? Are our payment and delivery terms fair? In the beginning, extracted data might be messy and hard to understand, but it's a question for the following step. Is it better to assign the contract to the existing suppliers or select new ones?

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 98

Logistics Viewpoints

MAY 6, 2022

UPS to deploy RFIDs through 100 facilities this year. Empty shipping containers stack up at US port depots. UPS plans to implement its smart package initiative at 100 facilities in 2022, which will involve using RFID tags on packages to speed up throughput. Do other warehouses follow suit and join a union?’

Logistics Network Optimization Software 221

Logistics Network Optimization Software Negotiating Skills Manufacturing Procurement Negotiate Pricing 221

Supply Chain Game Changer

APRIL 11, 2019

These should line up to run like a well-oiled machine. Now that your business has grown, you may outsource your fulfillment to a third-party logistics (3PL) service. You can expand and contract warehouse space as your business needs change. Most e-fulfillment centers have an allowance for shrinkage in their contracts.

Resource Reduction 53

Resource Reduction Resources Material Savings Inventory Management Software 53

Kanban Logistics

OCTOBER 31, 2023

Warehousing operations with a 3PL partner typically follow a shared warehousing model. Instead of the large overhead associated with the DIY and contract warehouse models, you pay only for the space and services you require. Scalability: 3PL providers can scale operations up or down based on customer needs.

Warehousing 52

Warehousing 3PL Supply and Demand Logistics Network Optimization Software 52

SCMDOJO

FEBRUARY 21, 2024

Knowing the potential value of a 4PL integrated early into the process is key to saving you more and delivering greater service. The idea of a 4PL is an innovative service that gathers capabilities, resources, and technological advancement to run a business completely. What is 4PL? How Does A 4PL Benefit My Business?

Logistics Network Optimization Software 66

Logistics Network Optimization Software Logistics Supply Chain Planning Software Agile and Lean Supply Chain 66

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

GlobalTranz

APRIL 5, 2016

Although 3PL Logistics Companies or 3PLs were around before the recession, companies realized the short-term savings of outsourcing logistics, transportation, and freight management to 3PLs quickly, and the age of the rise of the logistics provider was born. Consequently, 3PL Logistics Companies must expand their services.

Logistics Network Optimization Software 120

Logistics Network Optimization Software Negotiating Skills 3PL Purchasing Skills 120

Intelligent Audit

NOVEMBER 9, 2022

The shipper, recipient, and carrier have contract terms of a shipment laid out in a bill of lading (BOL). When shortages, damages, or partial non-deliveries occur, the shipper or recipient (consignee) can report a carrier breach of contract through a shipping claim — also known as a freight or carrier claim.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Resource Reduction Procurement Analytics Supply Chain Design Software 52

Precoro

APRIL 24, 2023

Note : We use the terms "supplier onboarding" and "vendor onboarding" interchangeably in this article as they both refer to the same set of procedures. However, it's worth noting that there are differences between the terms "supplier" and "vendor," which we covered in one of our previous articles.

Supply Chain Design Software 52

Supply Chain Design Software Procurement Solutions Supply Chain Network Software Demand Planning Software 52

Supply Chain Game Changer

DECEMBER 2, 2021

As the name suggests, this form of outsourcing involves delegating one or more business processes to a third-party service provider. Commonly outsourced services include accounting, payroll, data recording, customer support, social media marketing , telemarketing, and more. Customer Service. and Mexico firms.

Vendor Strategies 91

Vendor Strategies Supply Chain Design Software Resource Reduction Purchasing Skills 91

Logistics Bureau

FEBRUARY 15, 2021

Procurement First, Purchasing Follows. Sometimes it’s the service capability of the dealership. It could be the after-purchase service or the warranties that you are after. The person who is executing those deals is the purchasing officer and would typically be a more junior resource to the business. Category Management.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Purchasing Skills Negotiate Pricing 98

Precoro

FEBRUARY 27, 2023

Spend analysis is extremely useful for companies looking to optimize their business processes because it highlights issues like unidentified, duplicate, and late payments, unnecessary department spending, supplier price discrepancies, redundancies, unfavorable contract and payment terms, and more. What about any other problems?

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

Proxima

JULY 26, 2023

It also found that the organizations that they led were deploying a mix of strategies to deliver greater resiliency of supply, including adding additional oversight (45%), moving some supply arrangements in their entirety (45%), and setting up new supply arrangements to run alongside existing (44%). using onshore locations.

Vendor Strategies 52

Vendor Strategies Material Savings Resource Reduction Cost Reduction Strategies 52

ivalua

NOVEMBER 27, 2019

That leaves the vast majority of companies and teams in the middle – and each one of them is working hard every day to be as good as they can given their current priorities, challenges and resources. That is hardly optimal given the diversity of products, services and supply partnerships in place at most companies.

Negotiating Skills 147

Negotiating Skills Optimal Sourcing Sourcing Strategies Sourcing 147

GlobalTranz

SEPTEMBER 14, 2017

In the short-term future. In these scenarios, additional training and reinforcement of appropriate human resources (HR) measures and policies can mitigate supply chain risks. Hurricanes, floods, tornadoes, and even astrological events, such as solar flare ups, can impact the ability of supply chain entities to transport goods.

Supply Chain Planning Software 220

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Supply Chain Matters

JULY 13, 2022

Followers of Supply Chain Matters have likely observed the rather large number of private equity investments being made in supply chain focused technology start-ups and promising firms over these prior months. It was literally mind boggling. Changing Financial Climate. According to PitchBook Data Inc., PE firms invested upwards of $50.6

Supply Chain Planning Software 52

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