Precoro

DECEMBER 11, 2023

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. Goals beyond the best purchasing price fall into strategic sourcing.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Logistics Bureau

APRIL 4, 2022

Several supply chain consulting firms offer freight benchmarking services, which, although quite costly, can ensure access to vast volumes of pricing data valid for any industries, geographies, and trade lanes you care to explore. Alternatively, you can procure access to a digital freight benchmarking platform.

Benchmarking 68

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 68

Precoro

SEPTEMBER 4, 2023

However, software firms, insurance companies, and brokerage businesses have a negative cash conversion cycle because they realize sales without heavily relying on inventory. Cost of goods sold (COGS) is the total cost of producing or purchasing the goods sold during the same period. Regularly monitoring inventory levels.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

GlobalTranz

MAY 20, 2015

Editor’s Note: This is the first in a three-part series on Supplier Quality Management processes and how to evaluate your suppliers from Chuck Intrieri of The Lean Supply Chain. Therefore, it is paramount for you as a logistics and supply chain professional to have a keen sense of how to properly evaluate a supplier.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

ToolsGroup

DECEMBER 11, 2023

Each context is different, and naturally the guidelines need to be carefully adapted to the specific competitive dynamics of industries, customer segments and regions; but the concept of customer psychology always holds. Look twice. You save time, they make more money: an exchange of value. Is that even real?

Purchasing Skills 156

Purchasing Skills Price Reduction Manufacturing Procurement Handbook 156

Cognira

SEPTEMBER 25, 2023

The rewards include repeat purchases, new loyalty program sign-ups, and heightened profitability—all by effectively leveraging your brand’s reputation. State of Economy: The state of the economy has far-reaching effects on purchasing power, spending habits, and priorities. Understanding the competitive landscape is crucial.

Price Reduction 52

Price Reduction Retail Inventory Reduction Waste Reduction 52

Unleashed

JULY 11, 2021

These certifications are voluntary guidelines and standards that address environmental, social, ethical, and food safety concerns. They must be values based with quantifiable guidelines and standards. A benchmark baseline will establish fair and standardised testing and comparisons.

Sustainability 98

Sustainability Manufacturing Procurement New Zealand Waste Reduction 98