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

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. We have selected 5 fundamental KPIs that purchasing managers should consider.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

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

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 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

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

Supply Chain Shaman

MARCH 21, 2024

Training ensued, and the expectation of changing work was shared. The class discovers the current blackholes of the supply chain (direct procurement and contract manufacturing. Lack of aligned metrics. It was blasphemy when I started socializing the concept of business leaders typing their memos and using email.

Inventory Reduction 389

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

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

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

NC State SCRC

NOVEMBER 2, 2023

Lessons Learned from a Career in Procurement As part of our weekly Supply Chain Leadership, I interviewed Howard Richman, who I am co-authoring a new book with (“Procurement Confidential”). At Mars, procurement (commercial as it was called) was one of the most highly regarded of the professions.

Procurement Analytics 52

Procurement Analytics Negotiating Skills Manufacturing Procurement Optimal Sourcing 52

Proxima

AUGUST 9, 2023

Public Sector Procurement is complex and must look at aspects beyond price and quality when awarding contracts. Below we outline some of our key learnings and how we’ve seen social value being effectively embedded into public sector procurement processes.

Procurement 52

Procurement Resource Reduction Supply Chain Design Software How To 52

NC State SCRC

JULY 27, 2021

I recently spoke at the National Contract Management Association on the subject of human capital in supply chains , and the need for building leadership skills in our procurement and supply chain professionals. ” The study finds that that successful companies: link performance metrics to broader strategic goals.

Negotiating Skills 52

Negotiating Skills Optimal Sourcing Procurement Negotiate Pricing 52

Supply Chain Game Changer

NOVEMBER 3, 2022

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. 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

Procurement Academy

OCTOBER 25, 2021

This wider focus is known as ESG , environmental, social, and governance, and for procurement and supply chain functions, ESG’s wider focus brings challenges. How should a procurement function regard a supplier with fewer green credentials, but a better performance when it comes to social responsibility? Evaluative skills.

Price Reduction 98

Price Reduction Inventory Reduction Buyer Training Procurement 98

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

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 113

Supply Chain Design Software Course Supply Chain Planning Software Supply Chain Software 113

Elementum

FEBRUARY 7, 2024

Procurement: Automated Procurement Processes AI enhances procurement by automating supplier selection, contract management, and purchase order processing. This not only speeds up procurement cycles but also ensures compliance and optimizes costs through intelligent vendor evaluation and selection.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

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. Purchase order processing Purchase order processing is a component of procurement that ensures that goods or services are acquired efficiently and effectively.

Inventory Management Software 52

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

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

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. Be Prepared!

Negotiating Skills 71

Negotiating Skills Purchasing Training Buyer Training Procurement 71

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. One such tool is the Logistics KPI Dashboard Excel Template, which provides data on key metrics and helps identify areas for improvement.

Supply Chain Planning Software 89

Supply Chain Planning Software Supply Chain Software Optimization Software Material Savings 89

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

EcoVadis

FEBRUARY 28, 2018

With the supply chain representing 50 to 70 percent of a company’s sustainable footprint , implementing sustainable procurement practices is the most effective method for making real progress toward sustainability. There are a few steps to keep in mind when implementing a sustainable procurement program.

Electronics 63

Electronics Optimal Sourcing Sustainability Resource Reduction 63

OptiProERP

APRIL 9, 2024

Collaboration between production, procurement, and logistics teams is essential to optimize resource utilization and minimize lead times. Skilled labor, equipment, and materials transform raw inputs into finished products. Document processes and provide training to employees to ensure compliance and proficiency.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Inventory Management Software 52

ivalua

AUGUST 16, 2021

In order that sourcing and procurement teams fully optimize their supplier network, there needs to be a change in the way organizations view all suppliers. This churn can sabotage procurement automation initiatives and the overall program. Identify missing skills, needed training, and develop plans to address.

Optimal Sourcing 130

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Supply Chain Design Software 130

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? Efficient onboarding.

Negotiate Pricing 111

Negotiate Pricing Cost Reduction Strategies Price Reduction Negotiating Skills 111

CormSquare

JANUARY 10, 2017

Subsequently, procurement tends to be an afterthought, when it should be approached strategically! Small businesses spend between 40% – 65% of sales revenue on procurement of inputs. Following are the 5 strategies that can help SMEs in nearly any phase of their procurement efforts. Improved Internal Procurement Processes.

Resource Reduction 50

Resource Reduction Cost Reduction Strategies Price Reduction Inventory Reduction 50

HICX Solutions

AUGUST 11, 2021

SXM Webinar Series with Art of Procurement. In the first of a three-part Art of Procurement Live Webinar Series ‘Putting the Supplier Experience at the Forefront of Strategic Procurement’ in partnership with HICX, we focus on how to make the business case for Supplier Experience Management (SXM). .

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Procurement Solutions Charlotte 52

Supply Chain Shaman

SEPTEMBER 2, 2016

Certification programs focused on historic practices are not sufficient, and the current academic programs are a better fit to build entry-level skills. Before I started doing this research, I believed procurement and manufacturing were aligned. Figure 1: Supply Chain Talent Shortage. I was wrong. Current State of Talent.

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Strategy Supply Chain Design Software Supply Chain Software 0

Supply Chain View from the Field

AUGUST 22, 2013

A recent interview I conducted with a former Chief Procurement Officer who has worked for over 25 years in procurement in various industries captures what I believe is the true opportunity that exists for supply management executives. Marketing and IT see this to some extent, but not like procurement.

Procurement Analytics 68

Procurement Analytics Negotiating Skills Procurement Purchasing Skills 68

GlobalTranz

OCTOBER 21, 2015

Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement. A large part of procurement is finalizing the contract and then the follow through of the determined deliverables in that agreement. The more KPIs, the more difficult the negotiation process.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

NC State SCRC

SEPTEMBER 15, 2017

Although RACI “charts” are often viewed as irrelevant and bureaucratic, they can provide an important clue regarding the “decision-rights” for procurement and contracting decisions. This is particularly true for sales people. Is the spend category fragmented or consolidated?

Optimal Sourcing 40

Optimal Sourcing Negotiating Skills Procurement Sourcing Strategies 40

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2021

In order to achieve this target, CEVA Logistics is incorporating environmental considerations in a variety of areas of operations, from warehousing to transportation and procurement. Is This the Hardest Leadership Skill to Master? million gallons of SAF this year. Using Technology to build Sustainable Supply Chains.

Resource Reduction 242

Resource Reduction Supply Chain Planning Software Global Supply Chain Software 242

Unleashed

JANUARY 24, 2022

MRO inventory can account for a sizeable portion of a business’ total procurement spend. Take a comprehensive approach to MRO inventory procurement. Train staff on how and where they can find the MRO inventory they need and the procurement processes of the organisation. Conduct regular audits of equipment and processes.

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

Silvon Software

APRIL 19, 2022

Procurement is one core process area being focused to better manage today’s fluctuating change, with key performance metrics leading the way to assessing and managing procurement performance. The Basics of Procurement KPIs. Every KPI needs a clearly defined goal. Supplier KPIs.

Optimal Sourcing 113

Optimal Sourcing Procurement Analytics Manufacturing Procurement Negotiate Pricing 113

Supply Chain Game Changer

NOVEMBER 5, 2020

Encourage individual growth and provide ample opportunities for employees to develop their skills, through continuous training, paying for them to obtain supply chain certifications , reimbursing tuition costs, assigning them to special projects, and putting them into stretch assignments.

Supply Chain 95

Supply Chain Optimal Sourcing Supply and Demand SCM 95

Supply Chain Shaman

JUNE 6, 2013

Closing the gaps happens when there are aligned metrics, clarity of vision and aligned planning processes. This does not come easily, and requires training. In many organizations there is no career planning track that encourages the building of planning skills. Metrics Alignment. They lack cohesion.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 278

Unleashed

MARCH 16, 2021

Liaising with suppliers and negotiating with new suppliers. Creating procurement policies and procedures. Time is limited when it comes to sourcing, tendering and negotiating with suppliers. Ordering, managing stock and inventory. Adhering to budgets and performing needs analysis. Product compliance and quality control.

Purchasing Skills 59

Purchasing Skills Manufacturing Procurement Procurement Solutions Procurement Analytics 59