Precoro

DECEMBER 11, 2023

To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing. Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Supply Chain Game Changer

MAY 12, 2021

New age of negotiation article and permission to publish here provided by Sam Jenks at kodiakrating.com. We negotiate on a daily basis. We negotiate contracts, terms, and specifications in our professional lives and we negotiate dinner plans, curfews, and allowances in our private lives.

Negotiating Skills 69

Negotiating Skills Negotiate Pricing Buyer Training Expense Reduction 69

EC Sourcing Group

AUGUST 30, 2022

How to Master Reverse Bidding : A Guide for Buyers . For years, negotiations were performed by email or phone with a RFP (request for proposal) or an RFQ (request for quotation), which was a time-consuming and stressful process. However, the “analog” way of negotiations is long gone, thanks to reverse bidding and eAuction software.

Buyer Training 52

Buyer Training Negotiate Pricing Negotiating Skills Material Savings 52

ToolsGroup

APRIL 20, 2022

In one survey, 74% of those who hadn’t received upskilling or reskilling training would prefer to work for a company that offers those opportunities. Give your employees the chance to broaden their skill sets, and work with them on defining career goals. Source: Fortune. #3: Source: Fortune.

Sourcing Strategies 194

Sourcing Strategies Optimal Sourcing Supply Chain Planning Software Supply Chain Software 194

EC Sourcing Group

JUNE 14, 2023

In the dynamic world of procurement , sourcing teams are constantly on the lookout for innovative strategies to drive cost savings and improve supplier relationships. With increasing interest from companies of all sizes around the globe, reverse auctions are revolutionizing the way sourcing teams approach negotiations.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Negotiating Skills Negotiate Pricing 52

EC Sourcing Group

DECEMBER 5, 2022

Contract Compliance and Strategic Sourcing. Contract sourcing and strategic sourcing are two different strategies that ensure you are able to get the best deals from your suppliers while still adhering to company policy. The two must work together to keep the source-to-contract process flow working effectively. .

Negotiating Skills 52

Negotiating Skills Sourcing Strategies Purchasing Skills Sourcing 52

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

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

Procurement Academy

JULY 15, 2022

Every organization wants its employees to have the latest skills but ingraining those skills – no matter how much money is spent on training – isn’t always easy, and failing to do so can be detrimental to the organization’s success. Simply put, training must be engaging for the employee. Training that sticks.

Buyer Training 52

Buyer Training Price Mitigation Strategies Training Supply Chain Planning Software 52

Precoro

SEPTEMBER 6, 2021

As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Understanding their distinction can help you ensure the coordination between the responsible teams and adopt the right strategies for improving both sourcing and procurement. Procurement. Contains fewer steps.

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

The Logistics & Supply Chain Management Society

DECEMBER 8, 2021

The mismatch between the high demands by employers and the supply of logistics skills and knowledge is resulting in a growing gap in the logistics & supply chain market”. Talent gaps in logistics and supply chain, continues to be a top challenge and a source of high risk for many companies. Talent gap in logistics – how big is it?

Supply Chain Planning Software 246

Supply Chain Planning Software Gartner Agile and Lean Supply Chain Buyer Training 246

QAD

APRIL 22, 2021

This is certainly true in the area of strategic sourcing where procurement teams rely heavily on manually intensive efforts to identify and select suppliers. Manufacturers face ongoing challenges in selecting the optimal source of supply for the many materials, products and services they procure. Boost Long-term Supplier Relationships.

Manufacturing Procurement 83

Manufacturing Procurement Optimal Sourcing Negotiating Skills Purchasing Skills 83

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

SEPTEMBER 18, 2023

Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. So, get ready to elevate your communication skills and gain a deeper understanding of the procurement domain.

Negotiating Skills 97

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 97

Material Handling & Logistics

OCTOBER 22, 2018

Supply chain management is a career that perfectly matches the skill set of the Millennial generation—if they can be persuaded to pursue it. Now they are not only being asked to give that over to the machines, but they have to learn yet more skills. Training for the Future. “We But wait—there’s more. But wait—there’s more.

Negotiating Skills 104

Negotiating Skills Buyer Training Supply Chain Skills Supply Chain Software 104

EC Sourcing Group

FEBRUARY 8, 2023

Legacy sourcing methods work against you. From lost opportunities to higher costs, outdated sourcing methods and traditional sourcing strategies can impede your success and the growth of your business. Sourcing Strategies in Procurement: What Is Traditional Sourcing?

Optimal Sourcing 52

Optimal Sourcing Purchasing Skills Sourcing Strategies Negotiating Skills 52

The Logistics & Supply Chain Management Society

OCTOBER 14, 2021

In other words, halal requires an organisation of the supply chain instead of just the factory: from source all the way up to point of consumer purchase. The halal knowledge of logistics service providers and distributors can be very minimal, as training on halal logistics is often not offered by the organisation and brand owner.

Pharmaceutical 237

Pharmaceutical Buyer Training Supply Chain Software Supply Chain Strategy 237

Supply Chain Game Changer

OCTOBER 29, 2020

Freight sourcing team article and permission to publish here provided by Katharine Barrios at xeneta.com. Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. These are the must-haves for any effective freight sourcing team. Subscribe Here!

Sourcing Strategies 75

Sourcing Strategies Negotiating Skills Optimal Sourcing Negotiate Pricing 75

SCMDOJO

JANUARY 31, 2024

As companies increasingly recognize the importance of optimizing their supply chains, the demand for skilled professionals in this field is on the rise. These factors include education, certifications, additional skills, and the number of years you have spent in your profession.

Supply Chain Design Software 71

Supply Chain Design Software Purchasing Skills Buyer Training Supply Chain Design 71

Supply Chain Game Changer

DECEMBER 10, 2020

Product Sourcing Agent article and permission to publish here provided by Joyce Chen at Epic Sourcing. A good supplier translates to high-quality products, satisfied buyers, good feedback, and repeat sales. On the other hand, a bad supplier means low-quality products, dissatisfied buyers, negative feedback, and a bad reputation.

Manufacturing Procurement 53

Manufacturing Procurement Sourcing Strategies Sourcing Negotiating Skills 53

The Logistics & Supply Chain Management Society

FEBRUARY 16, 2023

For example, the automotive industry has been laboring under a persistent shortage of key electrical and electronic components crucial to the advanced features and functions that today’s vehicle buyers demand. An immersive training environment is also valuable. Addressing this dynamic workforce market will require a nuanced approach.

Supply Chain Software 130

Supply Chain Software Modeling Software Demand Planning Software Sustainability 130

Procurement Academy

AUGUST 17, 2021

Today’s supply chains are hugely changed from those of ten or fifteen years ago—meaning that entirely different skills are required in order to design, develop, and manage those supply chains. Skills not technology. But everything else calls for skills, and judgement. But there’s another dimension to this skills issue.

Buyer Training 93

Buyer Training Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 93

Logistics Viewpoints

MAY 25, 2023

But I’d like AI more to a magic trick, so allow me to direct your attention to the technology behind the curtain to highlight both its risks and its rewards and to share the essential leadership skills AI cannot provide. Any human with a browser can produce this result, since it requires no sophisticated coding skills or knowledge.

Supply Chain Planning Software 234

Supply Chain Planning Software Supply Chain Software Negotiating Skills Predictive Analytics Software 234

GlobalTranz

JANUARY 19, 2015

These “Bring Manufacturing Back” initiatives have many moving parts and require careful planning and execution and very skillful project management. location they had chosen didn’t have the skilled workers that they needed. Finding Skilled Workers/Accessing Markets & Suppliers. A Reshoring Projects Charter.

Manufacturing Procurement 120

Manufacturing Procurement Purchasing Skills Buyer Training Manufacturing 120

EC Sourcing Group

JANUARY 11, 2021

In the entire supply chain, you, as a company, want to be able to deliver a final product to a buyer. Within the procurement of goods, there are many processes as well, such as sourcing and the role of reverse auctions in strategic sourcing. The Role of Reverse Auctions in Strategic Sourcing: What Is Strategic Sourcing?

Negotiating Skills 52

Negotiating Skills Manufacturing Procurement Sourcing Strategies Optimal Sourcing 52

Supply Chain Matters

FEBRUARY 12, 2024

Such activism was demonstrated in labor contract negotiations, more aggressive tactics on the part of labor unions, and in actual strike actions. With government trade policies favoring more domestic sourcing of deemed strategic supply networks such as semiconductor devices, there are already indications across the U.S.

Negotiating Skills 59

Negotiating Skills Predictive Analytics Software Supply Chain Planning Software Supply Chain Software 59

Procurement Academy

JANUARY 25, 2021

Employees who are well informed and have access to training materials are typically happier and perform better when required. Their skills and knowledge are an important concern. Retail is the newest venture of Skill Dynamics. The expert training team has experience of working with the world’s biggest retail companies.

Buyer Training 52

Buyer Training Purchasing Training Price Mitigation Strategies Training 52

EC Sourcing Group

NOVEMBER 3, 2021

EC Sourcing Group ranks as a ‘Value’ & ‘Customer’ Leader in Latest eSourcing Benchmarking Study. Spend Matters’ newly released Fall 2021 SolutionMap report names EC Sourcing Group a Customer & Value Leader across multiple organization types.

EC Sourcing 52

EC Sourcing Optimal Sourcing Sourcing Strategies Benchmarking 52

LevaData

MAY 16, 2022

If so, which negotiation strategies—or alternative sourcing decisions—might reduce the gap? But there is a way—once procurement and sourcing move away from enterprise-specific systems and onto multi-enterprise shared marketplaces that connect buyers and sellers and against which smart data analytics and AI can be thrown.

Purchasing Skills 80

Purchasing Skills Negotiate Pricing Negotiating Skills Price Reduction 80

SCMDOJO

FEBRUARY 13, 2023

The procurement department encompasses all steps in acquiring goods, services, and works from external suppliers and performs various functions such as managing the procurement process, developing strong relationships with internal stakeholders, and negotiating contracts.

Negotiating Skills 87

Negotiating Skills Purchasing Skills Negotiate Pricing Procurement Analytics 87

Procurement Academy

JUNE 7, 2022

In the 1970s and 80s, savvy organizations began to realize that they could make significant savings by sourcing raw materials and parts from markets such as Taiwan, Singapore, and China. Now, many organizations are looking to reverse this transition and re-shore or near-shore their sourcing and/or manufacturing. What’s the cost?

Manufacturing Procurement 52

Manufacturing Procurement Sourcing Strategies Sourcing Material Savings 52

Procurement Academy

JUNE 7, 2022

In the 1970s and 80s, savvy organizations began to realize that they could make significant savings by sourcing raw materials and parts from markets such as Taiwan, Singapore, and China. Now, many organizations are looking to reverse this transition and re-shore or near-shore their sourcing and/or manufacturing. What’s the cost?

Manufacturing Procurement 52

Manufacturing Procurement Sourcing Strategies Sourcing Material Savings 52

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. Negotiate contracts and evaluate suppliers.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

The Logistics & Supply Chain Management Society

MARCH 22, 2022

The war for talent, has long been fought in Asia, as the region continues to be a power source of global growth, and as a result demand for talent often outstrips supply. I suddenly realise this was a really nice visual characterization of how career growth through the acquisition of competencies and skills needs to take place for the future.

Pharmaceutical 240

Pharmaceutical Supply Chain Planning Software Buyer Training Supply Chain Software 240

Kodiak Hub

NOVEMBER 25, 2021

Some buyers and suppliers have relationships where one party, or both parties, genuinely believe that the other party doesn’t care about their business relationship. ??Responding Some buyers and suppliers have relationships where one party, or both parties, genuinely believe that the other party doesn’t care about their business relationship.

Negotiate Pricing 98

Negotiate Pricing Vendor Strategies Buyer Training Negotiating Skills 98

ivalua

AUGUST 17, 2021

There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: . Creating Value occurs when sourcing and procurement uses relevant sourcing processes and tools to engage and select the best fit supplier. What is Direct Procurement? What is Indirect Procurement?

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 130

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