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What is Virtual Procurement and Why Should You Care?

Supply Chain Game Changer

Check out Outsourcing Sourcing! Then you need Virtual Procurement! We are too small and can’t afford to hire a full-time procurement person. We are busy and just don’t have the time to focus on procurement.”. “We This is a sure sign of the growing level of understanding and sophistication of procurement.

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7 Steps to Product Procurement Pricing that Suppliers Can Support

MIT Supply Chain

A new tool enables procurers to negotiate product prices without bargaining away supplier goodwill. When bargaining with suppliers over a product price, how can procurement professionals secure the best deal without damaging a valued relationship by being overly aggressive? Fair deal. Identify the sub-parts. Calculate RM cost.

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Infor’s Acquistion of GT Nexus: If I Had a Magic Wand

Supply Chain Shaman

Infor–a market consolidator of enterprise software–currently has revenues of $2.8 On August 13th, Infor announced the intent to purchase GT Nexus for 675M$. The largest was the purchase of Lawson in 2011 for 2B$. The company branded as GT Nexus in 2001 and purchased Tradecard in 2013.

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50 Online Resources for Aspiring Supply Chain Scholars

Supply Chain Opz

Understand online consumer behavior via Think With Google Google has provided lots of data for you to understand what, when, why and how customers make online purchase via the interactive data. MIT 9-month SCM program is known to produce good amount of case study research and they're available to anyone (printing is disabled).

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6 Strategies for Better Supply Chain Management in the Current Economy

Oracle SCM

Companies tripped over themselves to build ecommerce portals, and one-click purchasing grew in relevance. Effective strategies coupled with a well-defined plan and the right tools helped supply chain professionals alleviate fulfillment pressures and readied managers for market changes in the future. Agility is the name of the game.

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Track the Supply Chain Metrics that Really Matter

Precoro

The right metrics can shed light on how cost-effective a company’s processes are when it comes to the flow of goods, both at the inbound stages of procurement and outbound all the way to the customer. By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

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Experts Discuss How to Streamline Global Supply Chain

Supply Chain Opz

Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks. Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times.