Logistics Bureau

SEPTEMBER 4, 2023

Have you conducted a cost-to-serve (CTS) analysis for your enterprise? And that is the sole purpose of cost-to-serve analysis. If you were going to say, “What is a cost-to-serve analysis?” Only a complete cost-to-serve analysis will expose these underlying issues unless they happen to be discovered incidentally.

Negotiating Skills 75

Negotiating Skills Purchasing Skills Cost Reduction Strategies Analysis 75

ivalua

AUGUST 17, 2021

What does Procurement mean? An organization’s Procurement function is responsible for managing spend, in other words the buying goods and services that are used to make the products sold to customers as well as the purchasing of products and services used to run the organization on a day to day basis.

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 130

ivalua

APRIL 13, 2021

In part 1 of this blog I looked at how procurement can actually create new revenue opportunities. Here I’ll take a look at two other ways that procurement can help support growth. Even in indirect purchasing, giving suppliers more flexibility in how they meet requirements can increase savings and sustainability.

Procurement Solutions 130

Procurement Solutions Procurement Sourcing Strategies Resource Reduction 130

Logistics Bureau

AUGUST 2, 2021

On this blog and the one published by our sister company Logistics Bureau, we often receive questions relating to metrics suitable for monitoring procurement performance. To answer some of those inquiries, we decided to release the following brief overview of what we believe to be the most helpful procurement KPIs. Supplier Lead Time.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

Supply Chain Game Changer

NOVEMBER 15, 2018

Check out What Exactly Is Procurement? And What is Purchasing? When you run a central Procurement organization you are trying to get the best deal for your company. And Group Purchasing Organizations (GPOs) are specifically designed to deliver benefits from Spend Aggregation. Procurement people are proud professionals.

Negotiating Skills 43

Negotiating Skills Procurement Solutions Purchasing Skills Course 43

Supply Chain Game Changer

NOVEMBER 6, 2018

Check out Procurement – How to Enable Spend Aggregation! When you run a central Procurement organization you are trying to get the best deal for your company. And Group Purchasing Organizations (GPOs) are specifically designed to deliver benefits from Spend Aggregation. Procurement people are proud professionals.

Negotiating Skills 43

Negotiating Skills Procurement Solutions Course Purchasing Skills 43

SCMDOJO

JULY 18, 2023

Contract management plays a crucial role in the procurement process, as it helps ensure compliance, mitigate risks, and optimize supplier relationships. By effectively managing contracts, organizations can maximize the value of their procurement activities and minimize potential issues.

Optimal Sourcing 95

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 95

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

Procurement Academy

AUGUST 11, 2022

Managing strategic suppliers effectively is essential for procurement and supply chain teams to improve processes and drive competitive advantage for their organization. Procurement teams must also evaluate whether or not they anticipate a long-term relationship with the supplier to help the organization compete successfully in the market.

Negotiating Skills 52

Negotiating Skills Buyer Training Purchasing Training Procurement Solutions 52

Eyvo

DECEMBER 11, 2018

Many of us think of digital procurement as a way to reduce purchase costs and increase efficiencies. Another aspect of what makes digital procurement stand out is that of mitigating risk and increasing spend visibility. Technological infrastructure has been a blessing in disguise for the modern procurement world.

Procurement Solutions 58

Procurement Solutions Procurement Analytics Optimal Sourcing Negotiating Skills 58

Precoro

MARCH 31, 2023

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

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 Negotiating Skills 87

Eyvo

DECEMBER 11, 2018

Many of us think of digital procurement as a way to reduce purchase costs and increase efficiencies. Another aspect of what makes digital procurement stand out is that of mitigating risk and increasing spend visibility. Technological infrastructure has been a blessing in disguise for the modern procurement world.

Procurement Solutions 40

Procurement Solutions Procurement Analytics Optimal Sourcing Procurement 40

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 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 98

Logistics Viewpoints

OCTOBER 19, 2023

Even worse, I work for a company who makes solutions to help companies solve these kinds of problems, which I listen, speak and write about for a living! Events and disruptions are par for the course in supply chain, so we need tactics to kick in for problem resolution. I should have known better. I work in supply chain.

Supply Chain Planning Software 226

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 226

Logistics Bureau

AUGUST 7, 2023

In this article, we’ll look at some of those challenges and explore potential solutions to help you and your IM team meet the burgeoning demand for fast and accurate order fulfilment. Standardise and Digitise The key to managing complexity, of course, is to be organised.

Inventory Management Software 75

Inventory Management Software Inventory Reduction Inventory Management Inventory 75

Eyvo

JANUARY 15, 2019

There is no shortage of predictions from procurement experts and companies. Anyone can purchase products and services so procurement, as a department, has the challenge of showing value in every aspect of their existence. The race for procuring, pun intended, the best talent has been challenging. Technology.

Procurement Solutions 49

Procurement Solutions Optimal Sourcing Procurement Analytics Supply Chain Planning Software 49

EC Sourcing Group

APRIL 26, 2022

The eTendering process is an integral part of procurement and the overall supply chain. eTendering, also known as eSourcing , is simply the act of conducting procurement online—namely, receiving and sending tenders using an online platform, like tender process software. Tangible benefits include: Reduced cost of purchases.

Optimal Sourcing 52

Optimal Sourcing Material Savings Cost Reduction Strategies Procurement Solutions 52

Eyvo

JANUARY 15, 2019

There is no shortage of predictions from procurement experts and companies. Anyone can purchase products and services so procurement, as a department, has the challenge of showing value in every aspect of their existence. The race for procuring, pun intended, the best talent has been challenging. Technology.

Procurement Solutions 40

Procurement Solutions Optimal Sourcing Procurement Analytics Supply Chain Planning Software 40

Unleashed

OCTOBER 6, 2021

Conduct an FSN analysis FSN analysis is used to categorise products as fast-moving, slow-moving or non-moving. Finally, ‘non-moving’ items are those that are not used over the analysis timeframe. Setting reorder points for the most frequently purchased items can help significantly improve inventory efficiencies and save costs.

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

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. So why are so many organizations still in the beginning of this process?

Optimal Sourcing 61

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 61

SCMDOJO

MAY 30, 2024

Supply Chain Department – A Typical Structure Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities The Purpose of the Logistics Department Structure A well-structured logistics department is essential for any organization that deals with product movement and delivery.

Optimal Sourcing 71

Optimal Sourcing Pricing Training Logistics Network Optimization Software Inventory Reduction 71

QAD

JUNE 29, 2023

Because designing quality from the start requires a combination of the right employees using the proper tools and processes in a corporate environment that teaches, expects and fosters investment in the upfront design process. Increases effectiveness of the risk analysis — your team is freed up to focus on finding yet-undiscovered risks.

Price Reduction 91

Price Reduction Sourcing Strategies Expense Reduction Resource Reduction 91

Enterra Insights

JANUARY 5, 2023

1] Of course, the term “paperwork” is a euphemism for recording transactions be they digital or physical. 2] What White described is referred to as intelligent robotic process automation, cognitive robotic process automation, or, as we call it at Enterra Solutions ®, Cognitive Process Automation.

Supply Chain Software 130

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 130

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 Negotiating Skills 50

Logility

MARCH 13, 2020

With the flood of data available to businesses regarding their supply chain these days, companies are turning to analytics solutions to extract meaning from the huge volumes of data to help improve decision making. These analytics go beyond descriptive and predictive analytics by recommending one or more possible courses of action.

Prescriptive Analytics Software 210

Prescriptive Analytics Software Predictive Analytics Procurement Analytics Analytics Software 210

Logistics Viewpoints

MARCH 1, 2021

Once the analysis was done for Year One set up, Year Two was pretty much the same. The introduction of smoke-free products made the use of spreadsheet tools far less efficient in the capacity and sourcing planning as the new product categories had rapid growth. “We The solution considers projected demand and service level goals.

Modeling 180

Modeling Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing 180

Precoro

OCTOBER 16, 2023

Regardless of size or industry, every organization relies on procurement to achieve its objectives and stimulate growth. Procurement, the art of acquiring goods and services, is not just an option but a fundamental requirement for businesses to function smoothly. What is a Procurement Contract?

Procurement Solutions 98

Procurement Solutions Optimal Sourcing Procurement Analytics Procurement 98

Logistics Viewpoints

FEBRUARY 8, 2022

As physical stores opened, shut down and re-opened again, consumers became more flexible in the way they shop for, and purchase, just about every product. Digital transportation management solutions can help by connecting the entire shipping network, including customers and carriers, in real time.

Logistics Network Optimization Software 189

Logistics Network Optimization Software Optimal Sourcing Supply Chain Planning Software Modeling 189

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

DECEMBER 18, 2023

Considerations for efficient inventory management within the operational strategy for spare parts include: Data Collection and Analysis: Gather and analyze pertinent data to enhance your business strategy in spare parts management. Advanced systems and tools not only make things run smoother but also make them more accurate and responsive.

Inventory Reduction 64

Inventory Reduction Optimal Sourcing Expense Reduction Vendor Strategies 64

Claritum

AUGUST 4, 2020

Introduction Procurement is a complex. The variables and complexities of purchasing products and services, from basic supplies through to strategic purchases, make Procurement a key. the procurement function. the procurement function. The procurement environment is dynamic and constantly changing with.

Procurement Solutions 41

Procurement Solutions Procurement Analytics Optimal Sourcing Negotiating Skills 41

Logility

JULY 20, 2023

That’s why it’s essential to be sure you’re equipping your organization with the right demand planning software. When you choose the right solution, you can stay ahead of fluctuations in customer demand, achieve high levels of forecast accuracy, handle seasonality, and drive collaboration across supply chain stakeholders.

Supply and Demand 187

Supply and Demand Supply Chain Planning Software Demand Planning Software Forecasting Software 187

Unleashed

OCTOBER 17, 2022

Rolling out new ERP software is a big project. Of course, the flip side is that it seriously advances productivity, bringing real bottom line benefits to a business. Lack of buy-in ERP will fundamentally change how your business works – that is, of course, the point. Learn more: Implement Change Management with New Software 3.

Vendor Strategies 97

Vendor Strategies Supply Chain Planning Software Supply Chain Network Software Supply Chain Design Software 97

Logistics Bureau

APRIL 4, 2022

The answer is to benchmark your freight, of course. Here is an overview of the most valuable benefits: More informed freight spending: Because freight benchmarking involves the analysis of carriers and the rates paid by companies using them, it gives you an evolving picture of clarity about your freight spending.

Benchmarking 69

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 69

Gravity Supply Chain

MAY 20, 2022

Spire and Gravity Supply Chain solutions helping restore flow of goods by giving customers more visibility and greater confidence to accurately predict delivery times. ” Providing solutions in the context of this reality is critical, and together Spire and Gravity Supply Chain Solutions are working to restore the global supply chain.

Supply Chain Planning Software 52

Supply Chain Planning Software Procurement Solutions Supply Chain Software Predictive Analytics Software 52

SCMDOJO

JUNE 6, 2023

When businesses align production and procurement schedules with demand, they optimize their supply chain processes. SCMDOJO’s Inventory Optimization Tool will save you 30 hrs of time if you do it yourself to get all the proper recommendations. I strongly recommend taking course from Paul Denneman on Supply Chain Sustainability.

Optimal Sourcing 72

Optimal Sourcing Modeling Supply Chain Optimization Analytics Software 72