Supply Chain Shaman

OCTOBER 29, 2020

In a win/lose relationship, one party gains at the expense of the other. I find it ironic that technology has never been able to move funds quicker, yet we are accelerating financial reengineering processes to make money at the supplier’s expense. The company in an effort to reduce costs outsourced payments. My takeaway?

Optimal Sourcing 247

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 247

Supply Chain Matters

SEPTEMBER 23, 2023

The UAW elected a strategy that avoids a massive strike action, and instead focus on rolling work stoppages targeted at individual automakers most popular and profitable car models. based production and supply network strategies in the coming years. Professor Jacobs is a noted observer and published author on labor union strategy.

Negotiating Skills 59

Negotiating Skills Cost Reduction Strategies Expense Reduction Inventory Reduction 59

Logistics Bureau

NOVEMBER 14, 2018

If you have not yet tackled the question of ethics in procurement, now is a great time to start. It does not matter whether you are a procurement professional, internal customer, external customer, senior executive, or supplier. Procurement is what sets entire supply chains and their organisations in motion.

Procurement Analytics 63

Procurement Analytics Optimal Sourcing Procurement Solutions Pricing Training 63

EcoVadis

APRIL 11, 2012

When new clients come to us they often have many questions about the right steps to take in order to ensure effective implementation of their sustainable procurement program. Procurement professionals are an extraordinarily busy breed and are especially bogged down with supplier data on cost, quality, delivery, price, etc.

Manufacturing Procurement 40

Manufacturing Procurement Sustainability Procurement Expense Reduction 40

Logistics Bureau

MAY 24, 2019

If you were to tell me that your company had never looked at its supply chain costs and sought to deliver reductions, I would be mightily surprised. On the other hand, if you told me your company hasn’t been able to sustain any progress in supply chain cost reduction, I wouldn’t be surprised at all.

Cost Reduction Strategies 54

Cost Reduction Strategies Inventory Reduction Expense Reduction Price Reduction 54

Arkieva

APRIL 7, 2016

In fact, as is illustrated in Figure 2, companies that are not yet on the best practice frontier, can still improve on both dimensions at the same time; i.e. both reduce inventory (increase turns) and improve service. These examples reduce lead times, improve agility and as such service, but they come at an extra cost.

Agile and Lean Supply Chain 60

Agile and Lean Supply Chain Supply Chain Software Supply Chain Optimization Supply Chain Strategy 60

Precoro

JUNE 21, 2023

Expense recognition with the matching principle, which requires expenses to be recognized in the same period as the related revenue. Accrual Reporting GAAP requires organizations to use accrual accounting, which means that expenses must be recorded when incurred, regardless of when the actual payment is made.

Procurement Analytics 98

Procurement Analytics Expense Reduction Procurement Solutions Guidelines 98