Proxima

MAY 26, 2023

So, what does this all mean for procurement? Procurement leaders should be conscious of the short-term environment, but it’s also their role to look at what might be a further down the road and think strategically about how their work is aligning with long-term business priorities. Let’s start with the short-term.

Procurement 52

Procurement Germany Price Reduction Benchmarking 52

Precoro

MAY 22, 2023

This process, known as IT procurement, requires comprehensive steps with clear objectives and vendor selection criteria to ensure that technology investments align with business goals and yield a return on investment (ROI). This article encompasses the best practices for planning and executing successful IT procurement strategies.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

GlobalTranz

JANUARY 10, 2017

Understanding how different factors affect the supply chain remains a top priority for research firms around the globe. From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. Supply Chain Methodologies and Intellectual Capacity Grew.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Optimal Sourcing Procurement Analytics 120

Precoro

DECEMBER 11, 2023

As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased. Strategic sourcing involves the meticulous evaluation of suppliers and the overall procurement process to extract maximum value from both. Benchmarks, analysis, and improvements.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

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 90

Negotiate Pricing Negotiating Skills Pricing Training Purchasing Training 90

Demand Solutions

MARCH 27, 2020

But what if I told you that establishing supply chain planning and procurement processes also helps your company's culture, would you believe me? Tim was recognized for his exceptional leadership of the supply chain planning and procurement processes teams.

Atlanta 173

Atlanta Supply Chain Planning Supply Chain Software Supply Chain Strategy 173

Supply Chain Shaman

AUGUST 12, 2020

On a cold Boston winter day, I slipped into my seat on a back row in a packed conference room at AMR Research. The topic of the meeting was the logistics to launch of the AMR Research Top 25. When Gartner purchased AMR Research in December 2009, the methodology became the Gartner Supply Chain Top 25. Most companies regressed.

Gartner 239

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 239

ivalua

AUGUST 19, 2021

Historically, so much of what Procurement teams did went unnoticed. Of course, over the last few years, the role of Procurement has become more visible, in large part due to broader recognition of the value and closely monitored and tracked performance metrics that are now more mainstream. Here are some of my takeaways.

Optimal Sourcing 130

Optimal Sourcing Metrics Procurement Sourcing Strategies 130

Supply Chain Shaman

NOVEMBER 9, 2014

So much so, that three years ago, I founded a research company to focus on understanding supply chain excellence. In our work, we tie research from quantitative and qualitative studies to financial results to drive new insights. When we started benchmarking companies, Deborah and I had a friendly wager. I am passionate about it.

Manufacturing Procurement 286

Manufacturing Procurement Optimal Sourcing Benchmarking Supply Chain Design Software 286

The Logistics & Supply Chain Management Society

JULY 16, 2023

The halal trust assessment could be conducted for one brand, but can also be benchmarked with selected competing brands. He is also an Adjunct Professor with UTM Azman Hashim International Business School in Malaysia, conducting research on halal procurement strategy, halal supply chain management, and halal risk and reputation management.

Risk Management 130

Risk Management Supply Chain Design Software Supply Chain Planning Software Pharmaceutical 130

CormSquare

JANUARY 24, 2017

But the question is, what are the other main challenges in procurement being faced today? This survey was done on 324 senior procurement lea ders fr om 33 countries offering a deep insight into current procurement preoccupations. There is plenty to worry about. Cost Reduction. This level is higher than the previous year, 69%.

Procurement Solutions 50

Procurement Solutions Procurement Analytics Cost Reduction Strategies Purchasing Skills 50

Supply Chain Shaman

SEPTEMBER 3, 2015

This morning, unexpectedly, I found myself in the middle of a debate between my two panelists on the Planning Benchmarking Panel for the Summit. Recently through my analysis of the planning benchmarking work, I have become fascinated on the role of inventory in the market-driven value network. This is a series of preparation calls.

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

MIT Supply Chain

JUNE 13, 2013

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? The research was carried out by Clayton M. Fair deal.

Negotiate Pricing 78

Negotiate Pricing Negotiating Skills Purchasing Skills Manufacturing Procurement 78

Supply Chain Network

OCTOBER 27, 2017

Research confirms cross-functional collaboration and supply chain integration are challenging business goals that many companies deprioritize because the value is difficult to define. The study emphasizes that supply chains must optimize efficiency through reliability, shared values, and end-to-end visibility before these advantages can work.

Optimal Sourcing 101

Optimal Sourcing Supply Chain Planning Software Gartner Supply Chain Optimization 101

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

MIT Supply Chain

MARCH 2, 2021

Identifying key strengths in procurement and management in high-impact countries will support a fast improvement that may boost economic growth in the region. Currently, the state of the logistics market is measured by the Logistics Performance Index (LPI), a benchmarking tool developed by the World Bank.

Comparison 52

Comparison America Transportation Colombia 52

Supply Chain Matters

MARCH 7, 2022

Cited is an estimate by JP Morgan Chase indicating that the global benchmark for Brent crude could reach $185 if Russian supply continues to be disrupted. We concluded that chief procurement officers, materials sourcing, procurement and supply management teams have encountered similar frustrations and associated challenges.

Price Reduction 52

Price Reduction Forecasting Supply and Demand Agile and Lean Supply Chain 52

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

Procurement Academy

JULY 15, 2022

By taking these insights into account, as well as market research, skill levels, portfolio gaps and more, we develop modular courses that really meet the needs of our customers and learners. All of this is delivered through our intuitive, user-friendly platform that tracks learners’ engagement and ongoing progress. Engaging learning formats.

Buyer Training 52

Buyer Training Price Mitigation Strategies Training Supply Chain Planning Software 52

NC State SCRC

SEPTEMBER 27, 2023

In his current role, he is accountable for several strategic functions, including corporate engineering; capital and infrastructure strategy; corporate real estate; risk management; operations research and global procurement. Number 3 – I always benchmark the performance of any business function I manage, against a broader dataset.

Pharmaceutical 52

Pharmaceutical Supply Chain Design Software Sustainability Supply Chain Design 52

EcoVadis

JUNE 22, 2015

Are you looking to launch or scale a sustainable procurement program at your company, but don’t know where to start? Fortunately, there are already many companies forging a path towards this sustainable procurement transformation, as well as a growing number of surveys, studies and supporting research.

Sustainability 40

Sustainability Procurement Benchmarking Supply Chain Design 40

Supply Chain Shaman

DECEMBER 29, 2016

My search for truth led me to research. What is research? This thing called research in the supply chain market has many arms and legs. In academia, research focuses on the citation of past work. Juried (review by peers), the academic research process is slow and deliberate. The issue?

Inventory Reduction 0

Inventory Reduction Supply Chain Planning Software Forecasting Gartner 0

TMC

SEPTEMBER 27, 2018

These are questions we posed to MIT graduate students for a research project that focused on service and pricing in the truckload market. The researchers examined more than 2 million shipments across 3 years of full truckload van moves over 250 miles in the lower 48 U.S. Select and use providers with focus.

Optimal Sourcing 62

Optimal Sourcing Negotiating Skills Negotiate Pricing Price Reduction 62

EcoVadis

FEBRUARY 3, 2017

They pioneered a new market space for globally benchmarkable Corporate Social Responsibility ( CSR) ratings , and steered the business to grow organically – reinvesting all margin into the business – to achieve over 50% growth year after year. Bravo, and thank you! The market has spoken. Destination: Growth!

Procurement Solutions 40

Procurement Solutions Procurement Analytics Optimal Sourcing Sustainability 40

Material Handling & Logistics

DECEMBER 3, 2018

According to APQC Open Standards Benchmarking data, organizations that are median, or midpoint, performers on this measure have a perfect order index of 90. Marisa Brown is senior principal research lead, supply chain management with APQC (American Productivity & Quality Center). Printer-friendly version.

Manufacturing Procurement 100

Manufacturing Procurement Supply Chain Software Inventory Reduction Supply Chain Planning Software 100

Freightos

FEBRUARY 22, 2024

Judah Levine February 22, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 1% to $4,889/FEU. Asia-US East Coast prices (FBX03 Weekly) climbed 3% to $6,764/FEU.

Price Reduction 177

Price Reduction Negotiating Skills Vendor Strategies Resource Reduction 177

Supply Chain Game Changer

JUNE 19, 2019

As part of a comprehensive content marketing strategy, social media can actually help your supply chain company meet ROI benchmarks. Not only can you see what topics and trends competitors are posting about, but you can benchmark your current digital marketing strategy against what other brands are doing. It doesn’t have to be a chore.

Supply Chain Software 61

Supply Chain Software Supply Chain Strategy Logistics Network Optimization Software Supply Chain Network Software 61

Talking Logistics

MARCH 24, 2015

Benchmark yourself against historical and current market indexes. Use only your data to determine benchmarks for your next RFP. When we are managing a procurement event for a customer, the project will kick-off with a discovery call. Procurement Strategy (Annual RFP, Targeted RFP, etc.). Performance Management Process.

Expense Reduction 100

Expense Reduction Price Reduction Transportation Cost Reduction Strategies 100

TMC

SEPTEMBER 27, 2018

These are questions we posed to MIT graduate students for a research project that focused on service and pricing in the truckload market. The researchers examined more than 2 million shipments across 3 years of full truckload van moves over 250 miles in the lower 48 U.S. Select and use providers with focus.

Optimal Sourcing 48

Optimal Sourcing Negotiating Skills Negotiate Pricing Price Reduction 48

TMC

SEPTEMBER 27, 2018

These are questions we posed to MIT graduate students for a research project that focused on service and pricing in the truckload market. The researchers examined more than 2 million shipments across 3 years of full truckload van moves over 250 miles in the lower 48 U.S. Select and use providers with focus.

Optimal Sourcing 48

Optimal Sourcing Negotiating Skills Negotiate Pricing Price Reduction 48

EcoVadis

APRIL 14, 2016

What an immense showing of commitment to sustainable procurement we witnessed Tuesday for Sustain16! Next, Toyota Material Handling presented their perspective as a supplier, and emphasized that procurement has a role to give incentives to best performers — “otherwise we’re just ticking boxes!”.

Procurement Solutions 40

Procurement Solutions Procurement Analytics Optimal Sourcing Procurement 40

Supply Chain Shaman

JUNE 3, 2013

This landed me in front of the Vendor Review Board at Gartner to defend my research. <This In the height of the e-commerce craze, the marketplace offerings started with a focus on e-procurement. The widely-held view was that the e-procurement market would fuel the next generation of marketplace applications.

Supply Chain Design Software 258

Supply Chain Design Software Supply Chain Planning Software Procurement Analytics Manufacturing Procurement 258

ivalua

AUGUST 14, 2019

Much has been made in 2019 about the gap between the findings of procurement self-assessments and where each organization stands when they are evaluated against their peers using objective measures. Spend under management has been effectively flat since 2012, with procurement organizations averaging 63.2% Procurement Impact?

Metrics 168

Metrics Procurement Benchmarking Just-in-Time 168

Proxima

APRIL 13, 2022

The first World Sustainable Procurement Day was quite some event and it was a great privilege to feature on a panel alongside Emma Howcroft from Avantor and Mark Freebairn from Odgers Berndtson. As Emma noted, conversations about how procurement can measure value rather than just price savings are longstanding.

Optimal Sourcing 52

Optimal Sourcing Sustainability Procurement Price Reduction 52

Supply Chain Insights

JUNE 27, 2013

In the past year we’ve published 32 reports; but this past February, we heard from a Supply Chain Leader that loved our reports and said , “It would be great to hear the research in a podcast format to enable quick sound bytes for my morning runs.” We love this type of feedback. The team responded. Need something to Listen to?

Supply Chain Planning Software 110

Supply Chain Planning Software Pharmaceutical Supply Chain Planning Supply Chain Software 110

Supply Chain Matters

AUGUST 11, 2022

The Ferrari Consulting and Research Group shares a Part Three commentary addressing our mid-year assessment of published 2022 Predictions for Industry and Global Supply Chains made available at the beginning of 2022, and specifically addressing supply chain cost inflation implications. Mid-Year Global Transportation Assessment. Bob Ferrari.

Predictive Analytics Software 52

Predictive Analytics Software Supply Chain Planning Software Cost Reduction Strategies Supply Chain Strategy 52

NC State SCRC

AUGUST 18, 2017

Although some may think the class is only about “procurement”, it is really much more about building effective relationships that drive collaboration, value, and innovation that is mutual to both parties. Bayer: Research on best practices in the energy and utility sector.

Supply Chain Design Software 0

Supply Chain Design Software Analytics Software Supply Chain Software Supply Chain Design 0