How to Read and Understand Loan Terms and Conditions
IT Supply Chain
JUNE 23, 2023
By Ian Benson (pictured) Content Writer The post How to Read and Understand Loan Terms and Conditions appeared first on IT Supply Chain.
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Procurement & Suppliers: Paying Attention to Terms & Conditions to Keep Supplier Relations Postitive
GlobalTranz
NOVEMBER 28, 2016
If your business receives or issues purchase orders or invoices for products or services on a regular basis, you may have encountered a situation where both the Buyer, i.e. a procurement professional in your supply chain and Seller, or the more often known as the supplier, have issued forms with different terms for the same transaction.
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Procurement and Suppliers on the Same Page: How to Craft an Effective Terms & Conditions Sales Document
GlobalTranz
NOVEMBER 29, 2016
In part two, Chuck focuses on how to draft your terms and conditions. Writing your terms of use can be a monumental task for anyone. Consider your use of websites, how often have you read the terms of use? For a website operator that wants to be legally protected, however, terms of use on their website are vital.
Online Payments Terms & Conditions
PINC
MARCH 18, 2020
Online Payments Terms & Conditions. The Online Payment Terms constitute a contract between you and PINC Solutions. You may either accept or decline the Terms as indicated at the bottom of this page, but to make payment using the Services you must accept the Terms by clicking “I Accept”. MasterCard.
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Five Best Practices for Balancing Costs, Risks, and Sustainability
Advertiser: GEP
In the face of volatile macroeconomic conditions and other complex challenges, supply chain and procurement pros must strike a tough balance between seemingly contradictory demands: boosting performance and sustaining and extending business operations, all while meeting customers’ needs.
An Easy Guide to Purchase Order Terms and Conditions
Unleashed
JANUARY 25, 2021
Because a purchase order is a binding document (once accepted), businesses issuing a purchase order are contractually obligated to accept the items from a supplier who meets all the PO terms. Before creating your purchase order terms and conditions, seek legal advice from lawyers. Terms and conditions. Net amount.
Understanding the Terms & Conditions of Service on an Ocean Bill of Lading
Promptus LLC
JULY 2, 2023
Every Bill of Lading contains Terms & Conditions which in a nutshell define the […] The post Understanding the Terms & Conditions of Service on an Ocean Bill of Lading appeared first on Promptus LLC. It identifies the parties on both ends of a shipment and describes the goods and routing instructions.
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The World Economic Forum Warns of Polycrises
Logistics Viewpoints
FEBRUARY 13, 2023
Global risk’” is defined as the possibility of the occurrence of an event or condition which, if it occurs, would negatively impact a significant proportion of global GDP, population or natural resources. It is not listed as a top risk in the short term – two years from now.
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The Courage to Jump
Supply Chain Shaman
SEPTEMBER 30, 2022
I first encountered the term “digital transformation” in 2011. The term is a spin-off of the “Big Data” work from the open source innovation of the last decade. The terms digitization and digital transformation are often used interchangeably even though they are separate and distinct. Final Thoughts.
How to Package and Price Embedded Analytics
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Just by embedding analytics, application owners can charge 24% more for their product. How much value could you add? This framework explains how application enhancements can extend your product offerings. Brought to you by Logi Analytics.
How to write Wholesale Terms and Conditions (Template Included)
EMERGE App
MARCH 29, 2020
Start things off right by using this standard wholesale terms and conditions form. Download wholesale terms and conditions template. Step-by-Step Guide on how to write a Wholesale Terms and Conditions Agreement. I have broken down the entire wholesale terms and conditions contract into subcategories.
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Dynamic Fulfillment 101: The Cost-Based Approach and The Three Keys to Optimizing Your Total Cost-to-Serve
ToolsGroup
OCTOBER 10, 2023
Last week, we reviewed the challenges facing the retail industry and standard tech stacks in regard to expanding networks and the increasing fulfillment complexity – from proliferating fulfillment centers and rapidly shifting market conditions to built-in OMS logic designed for a different economic age. What do we mean by expected revenue ?
The Approach to Effective Freight Procurement
The Logistics & Supply Chain Management Society
OCTOBER 15, 2023
This document outlines the shipper’s shipping requirements, expectations, evaluation criteria, timeline and contract terms. Detention / Demurrage Charges (What is agreed terms and agreed costs if exceed agreed condition?) Contracting / Award Pricing Terms and Agreement Service Level Agreement (SLAs) (E.g.,
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ToolsGroup Announces Significant Enhancements To SO99+ in 2023
ToolsGroup
JULY 6, 2023
This has a tremendous impact on bottom lines – and not just in terms of costs and customer satisfaction for expedited orders. The system can automatically adjust inventory and replenishment based on supply conditions, mitigating the risks caused by supply and demand uncertainty.
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It’s Fall Festival Time! Is Your Supply Chain Ready?
DELMIA Quintiq
SEPTEMBER 28, 2023
With high inflation, supply-chain bottlenecks, extreme weather conditions, and possible transport issues, it is a legitimate concern. How the food Industry can optimize its supply chain for festivals Many event planners and teams focused on the supply chain may also wonder about possible food or beverage shortages.
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This Week in Logistics News (March 16 – 22)
Logistics Viewpoints
MARCH 22, 2024
A senior administration official said that the Intel grant was expected to be the largest single grant administered through the CHIPS Act, and once the Commerce Department and Intel agree on final terms, the government expects to start delivering funds by the end of the year. Full electrification of the U.S.
The One Key Shift in Your Supply Chain and Procurement Strategies that can Drive Better Business Continuity and Resilience
Logistics Viewpoints
APRIL 6, 2023
It involves collaborating with suppliers to create long-term relationships that benefit both parties. The purchasing of products at companies can be looked at in terms of two major dimensions: supply risk and impact on production (Figure 1). Traditionally what we typically refer to as indirect goods are mostly in Category 4.
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Creating a Green Marine Supply Chain
Logistics Viewpoints
MAY 6, 2021
Weather conditions. Tidal conditions. This makes it an invaluable platform for vessels, ports and third parties for continuous longer-term operational and environmental improvement. Intelligent marine optimization systems focus on short-term and long-term planning horizons through an interactive planning board.
Prepare Your Supply Chain to Overcome Capacity Challenges
Logistics Viewpoints
JULY 16, 2019
While conditions have certainly improved over the last year, no one knows when the market will shift again. And with the number of factors that could affect capacity in the short-term and long-term, including legislation, the driver shortage, supplier requirements from large […].
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The Warehouse Execution System: A New Competitive Imperative
Logistics Viewpoints
DECEMBER 12, 2023
To truly capitalize on automation and robotics, companies need a solution that matches all resources to volatile demand, strategically balances tasks across labor and robots, and replans work in real time as conditions change. But a warehouse execution system also helps companies take a longer-term, strategic view.
6 Essential Provisions in a Supply Chain Contract!
Supply Chain Game Changer
OCTOBER 12, 2022
It’s also essential to indicate the notice period necessary for early and full-term termination. These notice clauses are necessary for business adjustments or the negotiation of terms. You can express the quantity terms in physical form. How you define your quantity terms will depend on your industry of operation.
5 Trends Changing Supply Chains for the Better in 2024
Logility
JANUARY 26, 2024
The spotlight on traditional, cyclical supply chain planning processes reveals a growing skepticism toward static forecasts and long-term projections. The fusion of General AI and Narrow AI – collectively termed AI+ – is set to revolutionize how knowledge workers engage with inventory management, S&OP, and supply planning.
4 Steps to Skyrocket Your Demand Forecasting Accuracy
Logility
JUNE 2, 2023
Yet, the challenge persists—how do you develop reliable and accurate forecasts in the face of ever-evolving market conditions and life cycles? Step 3: Incorporate Short-Term Forecasts Long-term planning efforts can significantly benefit from incorporating short-term forecasting precision, a practice often referred to as demand sensing.
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The Holy Grail of Modern S&OP: Multi-Horizon Integrated Business Planning
Logility
JUNE 23, 2023
That’s where business groups use these long-term strategies around customer service on a month-to-month basis – rather than every three years as done in the past – to pivot their fulfillment capabilities quickly,” he reflects. Watch our webcast “ 3 Ways to Pivot Faster with Multi-Horizon Integrated Business Planning.“
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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike
ivalua
FEBRUARY 10, 2023
Unchecked inflation can not only damage profitability and hinder growth opportunities but also impact long-term success. This could include negotiating more favorable terms with suppliers or renegotiating existing contracts to ensure that prices remain competitive. Eurozone annual inflation was down 8.5 per cent in the previous month.
2024 Supply Chain Predictions – Relative Stability and a Migration to the Mean
Logistics Viewpoints
DECEMBER 6, 2023
I believe that conditions are poised for a bit of a return to normal, with the supply chain function retaining its increased level of importance in the eyes of the public and C-level suites. However, the volatility has also coincided with economic instability. Here are some data that support my view.
LTL Industry Trends and Tips for 2022
GlobalTranz
FEBRUARY 18, 2022
While the LTL freight industry market conditions change for a variety of reasons, here are three of the top factors that will be part of the day-to-day reality of LTL freight and some of the strategies that can help shippers navigate rising costs and complexity in the supply chain. Three Factors Shaping the LTL Industry. Accessorial Fees.
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Unlocking Success: Why Strategic Sourcing Is Important for Your Company
Precoro
DECEMBER 11, 2023
Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation. Negotiating contract terms. If requested, any additional terms and conditions can be included.
Validated, Real-Time Visibility for Pharma with Josh Allen
The Logistics of Logistics
NOVEMBER 18, 2022
Josh is CRO at Tive , a leading provider of real-time supply chain visibility insights that help logistics professionals actively manage their in-transit shipments’ location and condition. Chemicals Condition Monitoring. About Josh Allen . About Tive. Key Takeaways: Validated, Real-Time Visibility for Pharma. Port Delays.
What’s Next for The Freight Market with Chris Pickett
The Logistics of Logistics
APRIL 21, 2023
Chris’ passion for understanding US Truckload Freight Market dynamics and predicting the direction of spot and contract rates stems from his work at Coyote over this period where long-term contract commitments were often made based on an expected long-term cost of capacity in the spot market.
Reimagining Logistics: Focusing on What’s Ahead, Not What Happened
Logistics Viewpoints
MAY 26, 2022
This is no longer the case, and for a variety of reasons (environmental and geopolitical to name a couple) prospects for a return to these conditions in the foreseeable future seem unlikely at best. There is no question that every industry now functions in a different environment with different economic conditions.
Baltimore Bridge Collapse: An Opportunity to Reinforce the Importance of Supply Chain Resilience
Logistics Viewpoints
APRIL 10, 2024
A resilient supply chain can maintain its functionality and performance, minimize losses, and adapt to changing conditions. The collapse had several immediate and long-term consequences for the region. The most obvious impact was the disruption of traffic and transportation.
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The Dangers of Single Sourcing in Your Supply Chain
Resilinc
APRIL 17, 2024
This can also allow the company to develop a closer relationship with the supplier and potentially negotiate better terms. While sole sourcing can provide access to specialized expertise, it also leaves the company vulnerable to the supplier’s terms and conditions, with less leverage for negotiation.
Is Demand Sensing Right for your Business?
Logility
FEBRUARY 13, 2020
Because historical data is a flawed predictor of supply chain conditions over a short period of time. Even high-volume consumer packaged products with well-understood seasonality established over decades continue to experience high near-term forecast error rates. Consider adding demand sensing to your planning mix.
NRF 2024: Supply Chain Data
Logistics Viewpoints
JANUARY 23, 2024
Snowflake is a cloud computing–based data cloud company that offers a cloud-based data storage and analytics service, generally termed “data-as-a-service.” As new short-term plans are created, the linkage to the revenue and profitability goals based on the initial IBP plan becomes instantly visible.
Mastering the art of Supplier Negotiation: Tips and Techniques
SCMDOJO
OCTOBER 27, 2023
Contract Negotiation: This negotiation involves discussions and agreements on the terms and conditions of the procurement contract. Contract Negotiation: This negotiation involves discussions and agreements on the terms and conditions of the procurement contract. Do you need to have the procurement on your payment terms?
Mastering Profitable Omni-Channel Logistics, Despite Disruptions
Logistics Viewpoints
FEBRUARY 8, 2022
It’s challenging for logistics providers to keep up, even in perfect supply chain conditions. But, as we know, supply chain conditions were far from perfect in 2020 and 2021. Resources can be strategically re-assigned in real time as conditions change and, over the long term, associates can be coached to achieve continuous improvement.
Looking back at 2021: Lessons for manufacturers and distributors
SYSPRO Smarter ERP
DECEMBER 28, 2021
The evolving crisis and measures taken worldwide to contain the spread of the pandemic accelerated certain long-term and emerging trends. Survey 2021 expressing a healthy return to pre-pandemic trading conditions. 2021 has been a year of transition. Diversification of products and offerings.
What Supply Chain Management Should Anticipate in 2024
Supply Chain Matters
DECEMBER 18, 2023
Our predictions included that uncertainty in global markets and the likelihood of regional economic and manufacturing recession conditions should be anticipated. Europe ’s economy on the other hand has been challenged by contracted spending and at or near recessionary conditions among various countries.
Demand Planning Software – Top 3 Demand Forecasting Mistakes to Avoid
Logility
JUNE 7, 2023
Market trends, competitor activities, shortages, weather conditions, and even social media chatter can significantly impact demand. Overlooking Short-Term Demand Signals While long-term demand forecasting is crucial for strategic planning, paying attention to short-term demand signals is equally important.
Navigating Market Uncertainty with Sarah Bertram
The Logistics of Logistics
AUGUST 28, 2023
The DAT iQ platform offers streamlined data, high-level and granular reporting, and versatile analysis capabilities that enable shippers to optimize their networks, enhance supply chain resilience, and improve operational agility to adapt to dynamic market conditions. The Greenscreens.ai
What Every CFO Should Know About Aligning Finance with the Supply Chain
Logility
MARCH 21, 2023
Finance teams speak about business issues in terms of currency and margins, while supply chain operations make decisions based on volumetric conversations around units, capacity, and lead time. Such conditions may include discounts for early payments, quantity thresholds, or regularly scheduled delivery.
Cash flow risk and how to reduce it
Taulia
NOVEMBER 30, 2021
Essentially, cash flow is the term used to describe the flow of money into and out of a business in all its forms. There are several commonly used terms that apply to cash flow risk, which it’s helpful to understand. Understanding cash flow. Cash flow risk terminology.
Bridge the Gap Between Executive Alignment & Supply Chain Performance
Logility
AUGUST 18, 2023
Rapid Market Changes In an increasingly volatile business environment, market conditions can change rapidly. Long-Term Resilience: When supply chains are integrated into corporate strategy, companies are better equipped to navigate volatility and uncertainty.
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