Procurement Academy

MARCH 14, 2024

With countless options available in the market, it’s crucial to find a solution that aligns with your organizational objectives and addresses your specific skill gaps. Additionally, explore partnerships or collaborations with external training providers to leverage their expertise and access a broader range of learning resources.

Buyer Training 96

Buyer Training Material Savings Resource Reduction Price Mitigation Strategies 96

GlobalTranz

JUNE 15, 2017

In this article, I propose to have a look at several logistic skills that, besides the specific knowledge in this area, will help to maximize the logistics effectiveness. The constant augmentation of company’s processes is one of the vital skills of business logistics management. Integrity, in general, means fairness.

Buyer Training 210

Buyer Training Logistics Network Optimization Software Six Sigma Vendor Strategies 210

Precoro

JULY 16, 2023

The American Purchasing Society , an association of buyers and purchasing managers, has established its own code of ethics and requirements for purchasing professionals to follow if they want to get certified.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

Supply Chain Shaman

MARCH 21, 2024

Training ensued, and the expectation of changing work was shared. Some are focused on project implementation; others are attempting to improve supply chain talent by defining career paths, training, and skill development, while others serve in an audit capacity. Lack of aligned metrics. Lack of executive buy-in.

Inventory Reduction 389

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 389

Logistics Viewpoints

AUGUST 7, 2023

It was an IT-led implementation where a planning model was developed, the solution implemented, and then planners – who had not been sufficiently prepared and trained – were expected to use a system significantly different from the legacy systems they were familiar with. Implementing supply planning solutions is hard. Count them!

Supply Chain Planning Software 175

Supply Chain Planning Software Supply Chain Design Software Predictive Analytics Software Modeling Software 175

Precoro

DECEMBER 11, 2023

Sourcing tasks include sending out requests for proposals (RFPs), evaluating supplier bids, selecting vendor partners, negotiating contracts , and then managing supplier relationships. It's important to understand the market in order to negotiate for better bargains. Negotiating contract terms.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

The Logistics of Logistics

AUGUST 17, 2022

Lean ensures that your satellite office is staffed with highly educated, English-speaking professionals trained in your company’s processes and systems. She joined symtrain in 2021 and is excited to help businesses grow their people, impact, and bottom line through digitized role-play training and coaching. About Melanie Flores .

Logistics Network Optimization Software 191

Logistics Network Optimization Software Supply Chain Design Software Supply Chain Network Software Buyer Training 191

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Generative AI can use models with billions or even trillions of parameters trained on massive datasets (think the size of the internet), enabling it to produce increasingly complex outputs such as speech, text, and videos. 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 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. Moreover, by selecting reliable suppliers, negotiating favorable terms, and ensuring timely delivery, the supply chain department can optimize procurement processes and minimize costs.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

SYSPRO Smarter ERP

MARCH 28, 2024

It’s also about using the right tools, platforms, and skills to unlock maximum value. Increasingly, businesses need to hire and train analysts and data scientists. But even with the right skills, without the tools they will not be able to unlock value. To achieve this, training that is focused on data literacy is important.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Optimization Software 52

QAD

APRIL 13, 2023

According to a new study by Deloitte and The Manufacturing Institute, the manufacturing skills gap in the U.S. And unfortunately, the situation is impacting CMOs as well and requiring leaders to be more creative and agile to attract and retain skilled workers. is likely to reach 2.1

Pharmaceutical 94

Pharmaceutical Sourcing Strategies Manufacturing Procurement Optimal Sourcing 94

Supply Chain View from the Field

JULY 22, 2015

I had the opportunity to engage in a negotiation seminar with a large insurance company last week, and had the team work on a software contract role play. In the scenario, there was both a buyer and supplier, and there were multiple facets to consider in the negotiation. Data Security and Rights.

Pricing Training 60

Pricing Training Purchasing Training Negotiate Pricing Negotiating Skills 60

Unleashed

APRIL 21, 2024

There are several types of order processing systems , each with its own method of managing orders, calculating payments, and shipping from seller to buyer. Order processing metrics for tracking performance Order processing metrics help businesses monitor and improve their operational efficiency and customer satisfaction.

Inventory Management Software 52

Inventory Management Software Analytics Software Supply Chain Design Software Demand Planning Software 52

Supply Chain Game Changer

NOVEMBER 3, 2022

As a result, procurement managers spend a lot of time tracking down vendors, negotiating terms and prices, and working with accounting departments to ensure invoices get paid on time. Supplier Relationship Management (SRM) involves relationships between buyers and sellers or manufacturers and suppliers.

Supply Chain Planning Software 115

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

Supply Chain Game Changer

OCTOBER 18, 2022

Quantum Leap to the Top 10 Supply Chain Skills of the Future! This includes looking at data and metrics. Your skills must be trained and developed so acutely that you can see many moves ahead, just like in a chess game. Their sensory skill set will be engaged so that they react fast, decisively and intensely.

Supply and Demand 123

Supply and Demand Supply Chain Planning Software Supply Chain Planning Buyer Training 123

NC State SCRC

NOVEMBER 2, 2023

But he did learn that finance is a necessary skill to take with you wherever you go, and sought a job were he could always that go to work everyday, and be able to state that “Today I was able to impact the bottom line. When I arrived, Citrix had 28 metrics and the only metric that aligned with procurement was operating profit.

Procurement Analytics 52

Procurement Analytics Negotiating Skills Manufacturing Procurement Optimal Sourcing 52

Procurement Academy

MARCH 12, 2024

In response to these challenges, Skill Dynamics is proud to introduce the Future Skills course for Cost Optimization. This article is a deep dive into this course – which is specially designed to give the professionals in your team the knowledge and skills they need to excel in strategic cost management.

Optimal Sourcing 69

Optimal Sourcing Negotiating Skills Purchasing Skills Buyer Training 69

Unleashed

OCTOBER 31, 2023

But unlike workforce management, workforce optimisation also monitors your employee’s quality and performance to reveal if further training or upskilling is required. In comparison, workforce optimisation works by considering the talent you already have – their current knowledge or skill gaps – and looking for ways to optimise their input.

Waste Reduction 52

Waste Reduction Inventory Reduction Resource Reduction Cost Reduction Strategies 52

DELMIA Quintiq

JUNE 21, 2021

In this new, connected world, the Warehouse of the Future is about achieving key operational metrics and exceeding customer service requirements more profitably while supporting sustainability goals. for location, humidity, temperature) that are interconnected across digital networks.

Inventory Management Software 156

Inventory Management Software Optimization Software Supply Chain Planning Software Supply Chain Software 156

ToolsGroup

AUGUST 20, 2019

Companies moving to BPO in these practice areas are experiencing supply chain improvements in metrics such as inventory turnover and customer service. Talent — Especially with the advent of these new technologies, many companies struggle to find, hire and retain highly skilled individuals. Those companies also reduced planning spend.

Supply Chain Planning Software 214

Supply Chain Planning Software Supply Chain Planning Gartner Supply Chain Software 214

Logility

NOVEMBER 30, 2020

Digital Transformation in supply chain operations usually involves the development of new tools, skills, and/or processes that target a step change in speed and/or agility. Start with documenting the “As-Is” process capabilities and corresponding key performance metrics. Why is Digital Transformation Important?

Supply Chain Planning Software 179

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Supply Chain Strategy 179

Logistics Bureau

NOVEMBER 16, 2020

For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. In a nutshell, the pandemic has increased the importance of supply chain, posited it as a ‘cool’ career choice, and strengthened the need for job seekers to improve their supply chain skill sets.

Supply Chain Planning Software 96

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

TransAudit

DECEMBER 13, 2023

Develop circular economy knowledge and skills through training programs and pilot projects. Metrics and Performance Management Legacy supply chain metrics rarely capture the effectiveness of circular supply chains. Recommendations: Collaborate with sustainability and finance to align on relevant circular metrics.

Supply Chain Design Software 88

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain Optimization 88

Kinaxis

SEPTEMBER 23, 2015

There’s a proliferation of articles on business websites talking about how financial reporters, legal associates, financial analysts, and online marketers are already under threat of automation, with other, more skill-intensive white collar professions to follow. The post Are Universities Training Students for Obsolete Jobs?

Supply Chain Software 100

Supply Chain Software Buyer Training Price Mitigation Strategies Training 100

The Logistics & Supply Chain Management Society

NOVEMBER 15, 2021

The digital twin allows for internal operations as well as customers to view the various processes, along with detailed metrices throughout the facility. For example, in 2020, over $SGD 1 million was spent in developing our employees through training. Another notable project launch is the DB Schenker’s digital twin.

Singapore 246

Singapore Logistics Network Optimization Software Supply Chain Design Software Waste Reduction 246

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.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

ivalua

AUGUST 17, 2021

Capturing Value occurs when a contract has been established that governs the responsibilities and obligations of both supplier and buyer, and well as when the organization has the right Procure-to-Pay processes in place to ensure compliance to those agreements, goods, services and prices. .

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 130

Precoro

MAY 22, 2023

The IT procurement process encompasses a range of steps, from establishing IT requirements all the way to negotiating contracts with vendors. IT team members are aware of the requirements necessary for a technology to function properly, whereas procurement professionals are skilled at contract sourcing and negotiation.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

Talking Logistics

OCTOBER 29, 2013

You write an RFQ, screen candidates, create a short list, select the provider, and negotiate service requirements and a cost structure. Commit to systems and process training. Buyers, planners, and logistics staff spend less time and money tracking order status. Say you decide that these gains would be worth it.

Pricing Training 142

Pricing Training Purchasing Skills Purchasing Training Negotiating Skills 142

Elementum

FEBRUARY 7, 2024

Measuring Automation Success Evaluating the effectiveness of business process automation through AI requires a focus on specific metrics and their influence on organizational goals. Performance Metrics When looking at performance metrics , they must reflect efficiency gains and throughput increases.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

Supply Chain Matters

JULY 12, 2023

Refocusing on operational excellence and manufacturing transformation requires businesses having a clear understanding of various supply chain and plant levels metrics needing to be improved in current and future business operational performance needs, and where bottlenecks, constraints or performance indicators are misaligned.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Predictive Analytics Software 52

Procurement Academy

OCTOBER 25, 2021

A traditional approach to sourcing—looking at potential suppliers through familiar lenses such as price, quality, and reliability—had the benefit of straightforward metrics on which to base a comparison. How should these be balanced against traditional procurement metrics? Evaluative skills. And leadership skills.

Price Reduction 98

Price Reduction Inventory Reduction Buyer Training Procurement 98

Jaggaer

JULY 2, 2020

Supplier negotiation skills are essential for anyone working in procurement. It’s become standard for companies to train their employees on negotiation tactics to get better deals from suppliers, but these skills are also useful outside of the buyer -supplier relationship. Supplier negotiation isn’t easy.

Negotiating Skills 71

Negotiating Skills Purchasing Training Buyer Training Procurement 71

ToolsGroup

AUGUST 20, 2019

Companies moving to BPO in these practice areas are experiencing supply chain improvements in metrics such as inventory turnover and customer service. Talent — Especially with the advent of these new technologies, many companies struggle to find, hire and retain highly skilled individuals. Those companies also reduced planning spend.

Supply Chain Planning Software 136

Supply Chain Planning Software Supply Chain Planning Gartner Supply Chain Software 136

Resilinc

NOVEMBER 14, 2022

While some of the increase was due to growth in our customer base and the number of suppliers monitored (more factories = more potential for factory fires) the trend line was rising at a much faster clip than business metrics would account for. Component shortages and extreme heat also played a role.

Study 62

Study Buyer Training Japan Supply Chain Risk Management 62

Unleashed

MARCH 28, 2021

It identifies critical suppliers to a business and serves as the foundation for collaboration between buyer and supplier. Strong supplier relationships also help you to negotiate such things as better rates, rebates, discounts, delivery costs and volume thresholds. Efficient onboarding. Buy the market relationship.

Negotiate Pricing 111

Negotiate Pricing Cost Reduction Strategies Price Reduction Negotiating Skills 111

Supply Chain Shaman

FEBRUARY 13, 2020

The process is easier and the required skill level not as high. Most supply chain leaders cannot get their groove on because they generalize–the use of the same metric targets and tactics for the supply chain without paying attention to the flows. Wrong Metrics. Companies do not have one supply chain, they have many.

Optimal Sourcing 228

Optimal Sourcing Modeling Forecasting Supply and Demand 228