SCMDOJO

JUNE 7, 2023

As a result, the industry is growing, changing, and becoming more demanding, increasing the importance of language skills more than ever. Let’s learn how language is an important skill in supply chain and operations management. Let’s learn how language is an important skill in supply chain and operations management.

Negotiating Skills 75

Negotiating Skills Buyer Training Negotiate Pricing Supply Chain Design Software 75

Precoro

JULY 16, 2023

In other words, the purchasing manager is responsible for securing inventory requirements within the company’s budget and overall efficiency of the company’s purchases. This individual also ensures that established purchasing practices align with the general company financial strategy and business objectives.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

OptiProERP

DECEMBER 18, 2023

Procurement and purchasing are terms interchangeably used in manufacturing but are distinct activities. In this blog, we will see how purchasing and procurement differ. From invoicing, making payments, and managing suppliers, procurement saves time while building positive supplier relationships. Steps in the Purchase Process 1.

Manufacturing Procurement 52

Manufacturing Procurement Purchasing Skills Procurement Solutions Negotiating Skills 52

SCMDOJO

MARCH 19, 2024

While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc. Watch What is Marketing Procurement? on our SCMDOJO YouTube Channel! Why do you need a structured Supply Chain Department?

Optimal Sourcing 78

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 78

Procurement Academy

AUGUST 25, 2022

As an integral part of supply chain management, logistics plays an important role to keep the supply chain strong by planning, implementing, and controling the flow and storage of goods and services to meet customer’s requirements. It is clear that logistics training is a fundamental factor to successfully manage any company’s operations.

Buyer Training 52

Buyer Training Price Mitigation Strategies Training Supply Chain Planning Software 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

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. Sourcing tasks include sending out requests for proposals (RFPs), evaluating supplier bids, selecting vendor partners, negotiating contracts , and then managing supplier relationships.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Ware2Go

JANUARY 7, 2022

Recent supply chain disruptions , including images of cargo ships stuck off the West Coast , have led eCommerce shops to rethink their just-in-time and just-in-case inventory strategies. . Further, 18% had re-routed freight or re-negotiated with carriers – and 12% absorbed the extra cost. What is just-in-time procurement?

Just-in-Time 98

Just-in-Time Optimal Sourcing Manufacturing Procurement Supply Chain Disruption 98

ModusLink Corporation

APRIL 22, 2024

Introduction: In today’s interconnected world, businesses are seeking agile and cost-effective strategies to meet the demands of an ever-evolving market. Electronics components require specific training, facilities, and equipment due to their delicate nature and sensitivity to environmental factors.

Electronics 78

Electronics 3PL Optimal Sourcing Waste Reduction 78

Precoro

SEPTEMBER 6, 2021

This month, we continue our Procurement Basics series and would like to introduce our readers to yet another set of often misused business terminology. As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Procurement. What Is Procurement Process?

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

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. Learn more: What is Inventory Management? Techniques for 2022 What is MRO inventory?

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

SCMDOJO

MAY 2, 2024

Enhancing Customer Satisfaction: A resilient supply chain enables organizations to meet customer demands even during disruptions. By building supply chain resilience, businesses can differentiate themselves by demonstrating their ability to adapt, recover, and meet customer needs even in challenging circumstances.

Agile and Lean Supply Chain 73

Agile and Lean Supply Chain Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software 73

Logility

MARCH 11, 2024

I am inspired and influenced daily by the experts around me and seeing my team meet and exceed their goals,” says Ngabire. “I “The opportunity to build and nurture teams that positively impact the supply chain industry and help grow the business has been incremental to my success. I am humbled to be named among these other great Pros to Know.”

Logility 209

Logility Supply Chain Planning Software Demand Planning Software Supply Chain Design Software 209

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. It can then generate new content using prompts that resemble the original training data.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

SCMDOJO

MARCH 25, 2024

As businesses continue to globalize and markets become increasingly interconnected, the demand for skilled supply chain professionals is rising. Pursuing a degree in these areas will equip you with the fundamental knowledge of supply chain principles, such as procurement, inventory management, logistics, and operations strategy.

Negotiating Skills 89

Negotiating Skills Supply Chain Software Supply Chain Network Software Analytics Software 89

Supply Chain Opz

JUNE 23, 2014

Inventory management is one of the most important tasks for supply chain management professionals. However, most inventory control theories are too complicated or too difficult to apply to real world situations. This approach will help you to determine if S&OP meeting help to improve accuracy or not.

Inventory Management Software 220

Inventory Management Software Inventory Management Inventory Reduction Inventory 220

SCMDOJO

APRIL 11, 2023

If you’re a supply chain management professional, you’re probably aware of how important it is to continuously improve your skills and knowledge in this field. It covers the basics of procurement, including procurement strategies, contract management, and supplier selection. Fresh, easy to digest format.

Supply Chain Design Software 115

Supply Chain Design Software Course Supply Chain Planning Software Supply Chain Software 115

SCMDOJO

MAY 2, 2024

Enhancing Customer Satisfaction: A resilient supply chain enables organizations to meet customer demands even during disruptions. By building supply chain resilience, businesses can differentiate themselves by demonstrating their ability to adapt, recover, and meet customer needs even in challenging circumstances.

Optimal Sourcing 62

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 62

RFgen

MAY 16, 2023

Inventory drives the supply chain, ensuring the right amount of stock is available in the right place at the right time. That’s why most inventory handlers leverage data. The role of data analytics in optimizing inventory management processes has become increasingly important.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Inventory Management Software Sourcing Strategies Analytics Software 52

Unleashed

OCTOBER 6, 2021

So your company is looking to reduce costs, and you’ve been asked to contribute by reducing your inventory cost. That makes sense – inventory is one of the most capital intensive areas for any product business. Here we explain how you can do this with 16 cost reduction strategies in inventory management?that

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

Supply Chain Game Changer

NOVEMBER 3, 2022

This information can help companies manage inventory levels and improve customer service and engagement. Procurement Management. Procurement is one of the most important parts of supply chain management because it determines which suppliers you work with and how much they charge for their products or services. Demand Planning.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Software Negotiate Pricing Negotiating Skills 115

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. Why Choose a Job in the Supply Chain Industry?

Supply Chain Planning Software 96

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

Ware2Go

JANUARY 7, 2022

Recent supply chain disruptions , including images of cargo ships stuck off the West Coast , have led eCommerce shops to rethink their just-in-time and just-in-case procurement strategies. Further, 18% had re-routed freight or re-negotiated with carriers – and 12% absorbed the extra cost. What is just-in-time procurement?

Just-in-Time 52

Just-in-Time Optimal Sourcing Manufacturing Procurement Supply Chain Disruption 52

SCMDOJO

JUNE 6, 2023

Many professionals rely on MS Excel as the go-to software for supply chain and procurement tasks but creating detailed dashboards can be time-consuming and exhausting. Efficiently managing inventory is crucial for maintaining optimal cash flow and meeting customer service expectations.

Supply Chain Planning Software 93

Supply Chain Planning Software Supply Chain Software Optimization Software Material Savings 93

Precoro

JULY 8, 2022

There is no universal answer to this question, as purchasing process, procurement policies, goals, and volumes differ not only in the industries but even from company to company. There are several undeniable benefits of hiring purchasing managers, as they immediately affect various procurement KPIs. Increased Savings.

Purchasing Skills 98

Purchasing Skills Manufacturing Procurement Negotiating Skills Procurement Solutions 98

QAD

JANUARY 19, 2023

Facets of this broad field include demand planning, inventory management, logistics, acquisitions and partner management. E-commerce brands must oversee design, manufacturing, sourcing, warehouse inventory, shipping and delivery. Function: operation management, logistics and inventory. Let’s dive in. What is a Supply Chain?

Supply Chain Planning Software 93

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 93

Requis

MAY 8, 2019

But very little real and lasting changes were made to make the procurement process more efficient. Sure, I adapted to meet my customers’ needs and the many changing faces of business during those times, but the actual job of a Procurement Manager largely remained the same. Making procurement professionals’ working lives easier.

Procurement 40

Procurement Expense Reduction Inventory Reduction Buyer Training 40

SCMDOJO

NOVEMBER 17, 2023

We have Courses like S&OP deployment, Supply Chain Digitalization , , and Negotiation in Procurement. Best Practices like Logistics KPI Dashboard , Inventory Optimization Tool , Excess and Obsolete Inventory Guide , etc. The 11 essential skills for supply chain professionals encompass both realms.

Supply Chain Planning Software 73

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Negotiating Skills 73

Taulia

APRIL 5, 2023

A more efficient supply chain reduces the cost of procurement, manufacturing, transportation, and other business operations, resulting in higher margins. Focusing on the throughput of raw materials and goods requires seamless synchronization of all stages of the supply chain, from procurement to delivery.

Modeling 52

Modeling Material Savings Modeling Software Optimization Modeling 52

Precoro

NOVEMBER 13, 2023

One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. In this article, we'll explain what PPV is, why it matters, and how tracking this metric can benefit your procurement processes. This estimate is then used as a standard price in the PPV formula.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

Supply Chain Game Changer

AUGUST 6, 2019

Hey Procurement! Procurement. And all of this is managed by Procurement personnel. In What Exactly is Procurement? Now also consider that companies can spend as much as 75% or more of their revenue on the Procurement of goods and services. Yet in many organizations Procurement is not considered strategic.

Optimal Sourcing 48

Optimal Sourcing Purchasing Skills Negotiating Skills Pricing Training 48

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. All change will meet some resistance whether or not people admit it.

Optimal Sourcing 61

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 61

Taulia

MARCH 14, 2023

By increasing working capital, businesses can ensure they’re able to meet financial obligations, maintain a steady flow of production, and generally keep operations running smoothly. The buyer pays the funder on the invoice due date, meaning that both buyers and suppliers benefit from working capital improvements.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Expense Reduction Cost Reduction Strategies 52

Unleashed

MARCH 28, 2021

Supplier Relationship Management (SRM) is a management concept frequently used by procurement and supply chain professionals. It identifies critical suppliers to a business and serves as the foundation for collaboration between buyer and supplier. What is supplier relationship management? Improves administrative efficiencies.

Negotiate Pricing 111

Negotiate Pricing Cost Reduction Strategies Price Reduction Negotiating Skills 111

SCMDOJO

SEPTEMBER 26, 2023

Supply chain management professionals know the essentiality of Enterprise Resource Planning (ERP): these software systems automate everything from procurement, inventory, and financials, as well as assist with customer relations and human relations.

Supply Chain Planning Software 75

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Agile and Lean Supply Chain 75

Supply Chain Game Changer

OCTOBER 10, 2022

The first thing for aspiring professionals to do is to assess their prior experience, education, and skills. Acquire the Right Skills. Likewise, any military service looks great on a resume, particularly if it’s related to in-service duties in inventory management or dispatching.

Education 96

Education Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 96

Supply Chain Opz

MARCH 26, 2015

Inventory management is one of the most important tasks for supply chain management professionals. However, most inventory control theories are too complicated or too difficult to apply to real world situations. This approach will help you to determine if S&OP meeting help to improve accuracy or not.

Inventory Management Software 100

Inventory Management Software Inventory Management Inventory Reduction Forecasting 100