SCMDOJO

OCTOBER 27, 2023

Supplier negotiation is the most critical skill in the world of procurement. It requires an in-depth knowledge of procurement processes to be able to bring the supplier on a mutual agreement. The following are common types of negotiation in procurement: 1. The aim is often to secure volume discounts or advantageous terms.

Negotiate Pricing 88

Negotiate Pricing Negotiating Skills Pricing Training Purchasing Training 88

Silvon Software

JUNE 1, 2023

The KPIs here highlight procurement, production, logistics, and customer fulfillment. This includes procurement, production, transportation, warehousing, and distribution. Supply chain KPIs are crucial for optimizing processes, minimizing costs, improving customer service, and enhancing overall supply chain performance.

S&OP 93

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 93

Silvon Software

APRIL 18, 2024

Across the globe, manufacturing businesses are navigating economic uncertainties with increasing sophistication. 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.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 52

Supply Chain Shaman

JUNE 14, 2018

A slight change within a function–in sourcing or manufacturing, or along the chain–can greatly impact the outcomes of cost, customer service, or working capital. Today’s supply chain—with greater outsourcing, global manufacturing, and complex bill of materials–requires synchronization of the links.

Optimal Sourcing 169

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain 169

Supply Chain Shaman

JUNE 3, 2013

It was funded by 50 large consumer products manufacturing companies (CPG). In the dawn of e-commerce, conservative manufacturers, anteed up $240 million in four months. In the height of the e-commerce craze, the marketplace offerings started with a focus on e-procurement. The stories border on the ridiculous.

Supply Chain Design Software 253

Supply Chain Design Software Supply Chain Planning Software Procurement Analytics Manufacturing Procurement 253

ThroughPut

JANUARY 2, 2024

The Just-In-Time inventory management approach revolutionized manufacturing forever. Just-In-Time (JIT) Inventory Management, also known as lean manufacturing or the Toyota Production System (TPS), is a strategy that aligns raw-material orders from suppliers directly with production schedules. How Does Just-In-Time (JIT) Work?

Inventory Reduction 52

Inventory Reduction Just-in-Time Resource Reduction Expense Reduction 52

NC State SCRC

JUNE 27, 2017

In my earlier book with Gerard Chick on “ The Procurement Value Proposition “, we advance the notion that buildoing a business case for investing in people, process, and technology improvement in procurement is key. They may provide specific KPI benchmark levels for a process (in such terms as percentage cost savings).

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement 40

Supply Chain Shaman

AUGUST 16, 2015

The goal is deeper analytics to sense and respond across make, source and deliver. There is seldom one technology used within a manufacturing company to connect B2b value networks.) With the larger ocean carriers and the port congestion, GT Nexus becomes more and more important to retail and manufacturing companies. It is clear.

Prescriptive Analytics Software 150

Prescriptive Analytics Software Supply Chain Network Software Supply Chain Design Software Analytics Software 150

The Logistics & Supply Chain Management Society

NOVEMBER 14, 2021

In 2017 I also assumed responsibility for Field Services and in 2019 Data Excellence & Analytics embracing digital transformation driving our Tailored, Sustainable and Connected 4.0 This involves improving data excellence and analytical capabilities at all levels, as we strive towards Autonomous Supply Chains. Green Skies?

Sourcing Strategies 246

Sourcing Strategies Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software 246

Supply Chain Game Changer

NOVEMBER 19, 2018

And competitive pressures and benchmarking results will also add to the need to reduce costs and/or be more productive. Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. And the reality is that Supply Chain must be cost-effective.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

NC State SCRC

JANUARY 25, 2018

RTi, based out of Forth Worth, TX, is working with NC State’s Supply Chain Resource Cooperative, attracted by our strong program in procurement and supply chain, the focus on analytical thinking and modeling, and the mix of engineering and business students who work on projects with our industry partners. But RTi is growing.

Negotiating Skills 40

Negotiating Skills Purchasing Skills Negotiate Pricing Price Reduction 40

Unleashed

FEBRUARY 12, 2024

This number can then be used as a benchmark for continual improvement, supporting sustainable business growth. Ordering costs: Also known as setup costs or procurement costs, ordering costs are the expenses incurred by a business each time it places an order for inventory or materials from suppliers.

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

AFFLINK

FEBRUARY 10, 2016

The most sophisticated TMS supply chain solutions offer embedded analytics along with more traditional functions like integration with payroll and scheduling systems. Machine Learning is the next evolutionary step in the realm of advanced analytics. TMS is a technology that is rapidly proving its worth. Machine Learning.

Supply Chain Planning Software 72

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Optimal Sourcing 72

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.

Procurement Solutions 76

Procurement Solutions Manufacturing Procurement Procurement Analytics Optimal Sourcing 76

Demand Solutions

DECEMBER 15, 2015

Benchmark against key performance indicators of demand planning excellence. Many manufacturers and distributors rely on a network of customized, linked spreadsheets to spit out the numbers they need every month. Procurement has its version of the truth. .” According to Hackett, the three key steps are: 1.

Supply and Demand 100

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 100

Demand Solutions

DECEMBER 15, 2015

Benchmark against key performance indicators of demand planning excellence. Many manufacturers and distributors rely on a network of customized, linked spreadsheets to spit out the numbers they need every month. Procurement has its version of the truth. .” According to Hackett, the three key steps are: 1.

Supply and Demand 100

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 100

Silvon Software

APRIL 18, 2023

Procurement knows how long it takes to process a purchase order. Manufacturing knows its first pass yield. Consider the following: The CFO knows earnings per share and EBIDTA. Sales knows revenue per salesperson. Customer service knows how long it takes to answer a call. Supply chain knows on-time shipments.

Inventory Reduction 63

Inventory Reduction Sourcing Strategies Resource Reduction Material Savings 63

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. The main lack of talent is in middle management, especially in big data analytics and supply chain planning, where the shortage is around 54%. Supply Chain Analyst.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 96

Unleashed

JANUARY 29, 2024

An electronics manufacturer chooses to discontinue older or less fashionable design models, based on market trends and customer preferences. Discontinuing lines will help the manufacturer free up production capacity, and redirect research and development spending to focus on the development and marketing of newer or more innovative products.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

Unleashed

JANUARY 24, 2022

Maintaining healthy levels of Maintenance, Repair and Operations (MRO) inventory is essential to the smooth running of your manufacturing, distribution or wholesaling operation – even if MRO goods aren’t part of your final products. MRO inventory can account for a sizeable portion of a business’ total procurement spend.

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

DynaSys

FEBRUARY 3, 2021

Income and consumer confidence data, unemployment rates by region and by sector, and sales in benchmark industries like hotels and air travel are worth considering. Some manufacturers are exploring DDMRP as a possible tool for managing this). From Descriptive to Predictive to Prescriptive Analytics.

Modeling 98

Modeling Supply Chain Planning Software Scenario Planning Supply Chain Planning 98

Supply Chain Matters

MAY 18, 2022

Business process intelligence technology Signavio , acquired by SAP in January 2021 was described as the catalyst technology behind the RISE program, helping customers to benchmark existing processes, discover process inefficiencies and identify opportunities to transform to a more modular and agile business landscape.

SAP 52

SAP Supply Chain Design Software Supply Chain Planning Software Conference 52

GlobalTranz

SEPTEMBER 14, 2016

However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. Use External Benchmarking Tools. Many suppliers and manufacturers may have existing, internal analytics tools, but using these tools for benchmarking processes may be ill-fated.

Material Savings 120

Material Savings Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software 120

20Cube Logistics

FEBRUARY 3, 2022

Suppliers could not deliver their raw materials on time and due to it, manufacturing and the day-to-day operations came to a point of stagnation. Exploring New Avenues: COVID-19 has pointed out a very crucial thing to the big players of the fashion supply chain and that is the traditional benchmarks of operations can fade into redundancy.

Supply Chain Design Software 76

Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Design 76

NC State SCRC

MARCH 9, 2016

An excerpt from our book “The Procurement Value Proposition” got a nice section of CSCMP’s Supply Chain Quarterly edition this week. As a young assistant professor at Michigan State University, I was part of a group called the Global Procurement Benchmarking Initiative, led by Professor Robert Monczka.

Optimal Sourcing 40

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 40

Requis

OCTOBER 30, 2020

Manufacturing sites have been rationalized in terms of, “we don’t need five factories in this country, we only need three, then two, then we don’t need them at all, we’ll move them to China”. Sourcing has probably been the biggest thing over the last decade or two, coupled with that reduction in local manufacturing of course.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Sourcing 52

Logility

DECEMBER 15, 2023

However, as retailers and grocers expect food suppliers to manage inventory at their sites and guarantee a rapid replenishment cycle, AI-enabled planning tools and analytics are necessary to maintain high service levels and minimize costs. Demand-based manufacturing In some supply chains, manufacturing facilities operate independently.

Optimal Sourcing 175

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 175

ivalua

AUGUST 10, 2015

Recently, I had the pleasure of hanging out with 16 different Tier 1 automotive manufacturers in the same evening. Manufacturers need better supplier information. lack of integration among the ERP, PLM, contract systems, spend analytics, BI, risk management, and other platforms. information storage and sharing issues.

Automotive 100

Automotive Optimal Sourcing Manufacturing Procurement Industrial 100

ivalua

AUGUST 10, 2015

Recently, I had the pleasure of hanging out with 16 different Tier 1 automotive manufacturers in the same evening. Manufacturers need better supplier information. lack of integration among the ERP, PLM, contract systems, spend analytics, BI, risk management, and other platforms. information storage and sharing issues.

Automotive 100

Automotive Optimal Sourcing Manufacturing Procurement Industrial 100

Logistics Viewpoints

MARCH 21, 2021

AGCO is an agricultural equipment manufacturer. We need problem solvers, people that can work with data from a data analytics perspective. When a supply chain disruption occurs, it is not uncommon for complex equipment and automotive manufacturers to have different plants in their company fight each other for the same components.

Supply Chain Design Software 239

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Modeling 239

Jaggaer

JUNE 18, 2019

JAGGAER InsideSpend Thought leadership Series – In this blog series, we profile leaders in the procurement industry. We hope their insights and experiences inspire you to achieve greatness in procurement. A conversation with Walter Charles, Chief Procurement Officer at Biogen. . Procurement Trends in Manufacturing.

Procurement Analytics 40

Procurement Analytics Manufacturing Procurement Big Data Procurement Solutions 40

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.” The analytics engine can show the retailer trendlines for orders and can be set up for individual scan tunnels or across the entire network.

Supply Chain Planning Software 209

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 209

SCMDOJO

APRIL 3, 2022

Procurement specialists can use eAuctions to engage and negotiate with more vendors utilizing an organized approach which thus eliminates any need for cumbersome one-on-one meetings. Throughout a genuine and collaborative cooperation with business vendors, they produce innovative approaches to current procurement difficulties.

Vendor Strategies 138

Vendor Strategies Negotiating Skills Price Reduction Purchasing Skills 138

Supply Chain Collaborator

JANUARY 11, 2019

Other indicators pointing towards modest cooling include increased driver hiring, slowing economic activity thanks to trade wars and falling manufacturing volumes among US factories. That means, unless your company runs procurement events very regularly you’re poised to be overpaying. You’re just not seeing it yet!

Logistics Network Optimization Software 79

Logistics Network Optimization Software Transportation Negotiating Skills Logistics 79

EC Sourcing Group

MARCH 25, 2019

Procurement professionals know there are many opportunities to reduce indirect operating expenses but there are some common barriers blocking their efforts including: Lack of staff bandwidth Limited internal experience purchasing scientific or technical items/services Minimal useable spend data Reliable benchmark data.

Negotiating Skills 45

Negotiating Skills Purchasing Skills Manufacturing Procurement Expense Reduction 45

Logistics Viewpoints

FEBRUARY 28, 2022

Having an agent detect how long it takes to ship from a supplier site to a manufacturing facility, and then doing a running calculation on how the average lead time is changing, is trivial math. But very few vendors are taking those alerts and automatically feeding them into their manufacturing planning solutions.

Optimal Sourcing 282

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 282

Jaggaer

APRIL 21, 2020

JAGGAER’s Amenallah Reghimi and Mic h ael Roesch recently partnered with Philip Ideson , founder and managing directo r at Art of Procurement , to bring procurement professionals a presentation on response tactics for the current global crisis. What JAGGAER module is Predictive Analytics part of? Amen : Absolutely.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Procurement Analytics Procurement 52