Jaggaer

FEBRUARY 13, 2025

By combining H&Zs sustainability expertise with JAGGAERs advanced procurement technology for Scope 3 emissions tracking and data collection, organizations can better integrate sustainability into their procurement strategies. As companies seek to address these issues, the role of procurement is changing.

Material Savings 52

Material Savings Price Reduction Manufacturing Procurement Optimal Sourcing 52

GlobalTranz

AUGUST 18, 2021

The right partner will also work with your team to implement changes based on data-driven recommendations and identify opportunities for continuous improvement. . Focus on Carrier Procurement and Management. The right 3PL provider partnership will be transparent about their carrier vetting and qualification process.

Logistics Network Optimization Software 317

Logistics Network Optimization Software Optimal Sourcing Optimization Software Negotiating Skills 317

Jaggaer

FEBRUARY 5, 2025

You probably would not want to waste time and effort strategically sourcing your paperclip supplies, for example. Strategic Sourcing Is Smart Procurement Strategic sourcing is thus a smart approach to procurement because it considers each sourcing project to be unique based on analysis, insight and knowledge of the marketplace.

Negotiating Skills 52

Negotiating Skills Sourcing Strategies Purchasing Skills Optimal Sourcing 52

RFgen

FEBRUARY 25, 2025

Jason uses the example of machinery wholesaling to demonstrate the inventory accelerator. This article will examine the causes of these phenomena, provide real-world examples from different industries, and offer strategies to mitigate their effects. While this seems straightforward, the consequences for businesses can be substantial.

Inventory Reduction 52

Inventory Reduction Price Reduction Material Savings Cost Reduction Strategies 52

GlobalTranz

JULY 28, 2021

That means identifying areas of waste, overlap and large volumes and enabling continuous improvement through the use of transportation metrics to track performance. Leveraging data for continuous improvement makes transportation optimization more synonymous with managed transportation.

Optimal Sourcing 317

Optimal Sourcing Optimization Software Network Optimization Supply Chain Optimization 317

GlobalTranz

NOVEMBER 17, 2016

Transportation modes used in procurement and shipping. As explained in a previous blog post, continuous improvement in an organization can be achieved through the use of performance measurement tools via big data. But the possibilities for continuously improving. Continuous Improvement is a complex notion.

Supply Chain Design Software 120

Supply Chain Design Software Big Data Supply Chain Software Continuous Improvement 120

Logistics Viewpoints

OCTOBER 10, 2022

in turn, is a boutique procurement consultancy. Professionals from procurement, compliance, logistics, sustainability, information-security and several other internal stakeholder all use the solution for different reasons. This intermediate step is more related to Procurement and supply chain transparency.

Supply Chain Risk Management 293

Supply Chain Risk Management Risk Management Supply Chain Planning Software Supply Chain Software 293

QAD

JANUARY 16, 2025

Despite its success, KION faced significant challenges in managing its extensive supplier network and procurement processes. For the mitigation of supply chain and business risks , we need closer integration and easy collaboration with our suppliers, said Jens Brethauer, VP of e-Procurement & Digitalization at KION.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Negotiating Skills 52

Supply Chain Shaman

JANUARY 21, 2014

For example, in a hospital, it is the translation of usage in a procedure to hospital order to a distributor and the translation of that usage to an order for a manufacturer. Each role–customer service, sales, procurement, manufacturing–have a different need/definition for the demand signal. Demand Translation.

Supply and Demand 393

Supply and Demand Modeling Demand Planning Software Forecasting 393

Precoro

JULY 15, 2024

The chief procurement officer (CPO) is a senior executive responsible for developing and implementing their organization’s procurement policies, procedures, and strategies. The chief procurement officer’s workload extends beyond timely purchases and cost-saving measures.

Negotiating Skills 105

Negotiating Skills Manufacturing Procurement Procurement Analytics Procurement Solutions 105

ivalua

OCTOBER 8, 2021

During the pandemic, Procurement flexed its muscle, helping to mitigate supply chain disruptions and enable new channels for engaging with customers and fulfilling orders. Here are four ways leading Procurement organizations can influence retail recovery in 2021 and beyond: 1. Decentralize Procurement. Rethink What’s Normal.

Optimal Sourcing 130

Optimal Sourcing Material Savings Procurement Analytics Procurement Solutions 130

ivalua

JANUARY 22, 2019

For Procurement leaders in particular there couldn’t be a better time to do so. A recent study by the Hackett Group found that only 63% of Procurement organizations have even developed a plan for digital transformation. My recommendation is to set an aspirational resolution that reflects Procurement’s true potential. The result?

Optimal Sourcing 113

Optimal Sourcing Procurement Supply Chain Planning Software Supply Chain Software 113

Supply Chain Shaman

SEPTEMBER 2, 2016

Before I started doing this research, I believed procurement and manufacturing were aligned. While this is the case in 50% of the organizations, there are many organizations with large alignment gaps between finance/operations and procurement/manufacturing. The focus cannot be about only continuous improvement of existing processes.

Supply Chain Planning Software 0

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

GlobalTranz

NOVEMBER 28, 2016

Editor's Note: Today's blog is by our great friend, Chuck Intrieri where he gives us a fantastic example of how Procurement and Suppliers can enhance Supplier Relations by navigating the "Battle of the Forms.". For example, in one Indiana case, Tyler Pipe Industries, Inc. Battle of the Forms: Will You Win, Lose or Draw?

Negotiate Pricing 120

Negotiate Pricing Manufacturing Procurement Optimal Sourcing Purchasing Skills 120

RFgen

DECEMBER 4, 2024

Supply chain efficiency is the cornerstone of success and involves the effective management of processes, resources, and technologies from procurement to production, transportation to warehousing. As companies across industries have discovered, a well-optimized supply chain can drive significant improvements throughout their operations.

Sourcing Strategies 96

Sourcing Strategies Waste Reduction Inventory Reduction Expense Reduction 96

Talking Logistics

AUGUST 4, 2014

As I look around, I see examples of Stretch Armstrong in the technology and logistics realms. Cloud computing is a perfect example. In the logistics realm, managed services is another example. It allows companies to scale their computing capacity, both up and down, as their computing requirements change.

Logistics Network Optimization Software 218

Logistics Network Optimization Software Network Design Software Supply Chain Design Software Modeling 218

ivalua

JUNE 1, 2022

Suppliers can support company growth as part of the Amrest procurement journey. For example, when Amrest is opening a new restaurant, there are multiple steps and decisions that need to happen concurrently. Part of procurement, driven by finance–payment is a key part of the supply chain partnership. . Part of the Solution.

Optimal Sourcing 130

Optimal Sourcing Negotiating Skills Negotiate Pricing Sourcing Strategies 130

Unleashed

MARCH 9, 2021

What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. Procurement in 2021 and beyond.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.

Procurement Solutions 108

Procurement Solutions Manufacturing Procurement Procurement Analytics Optimal Sourcing 108

SCMDOJO

JULY 3, 2023

In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. But how do you get started? Do not worry!

Purchasing Training 98

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 98

Logility

APRIL 29, 2021

As global supply chains and procurement scrutiny become more and more complex, risks increase and the range of stakeholders who demand a compliant supply chain has increased from simply regulators to investors, providers, partners, consumers, and the media. For example, governments may enact new laws that affect worker rights.

Optimal Sourcing 204

Optimal Sourcing Supply Chain Planning Software Sourcing Strategies Supply Chain Optimization 204

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. For example: Inventory Record Accuracy has to be 98-100% accurate daily.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

Jaggaer

OCTOBER 24, 2024

The Art of Supplier Collaboration: Best Practices to Build Lasting Partnerships Dynamic market changes and global events seem to create newer demands and greater pressure on procurement professionals. This is especially important for manufacturers of luxury goods, for example.

Optimal Sourcing 52

Optimal Sourcing Cost Reduction Strategies Inventory Reduction Resource Reduction 52

The Network Effect

OCTOBER 3, 2014

Today, in order to accomplish these goals, continuous improvement in global supply chain execution has become a core supply capability required by most automotive OEM’s. This transaction is represented by the “procure to pay” cycle.

Supply Chain Network Software 195

Supply Chain Network Software Automotive Modeling Software Supply and Demand 195

GlobalTranz

MAY 25, 2018

Precursor technology enables continuous improvement in warehouse management. For example, auto-lighting LEDs, RFID, and handheld scanners can help pickers ensure the right item is picked every time. Integrate all supply chain systems, increasing savings in transportation management, procurement and everywhere in between.

Inventory Management Software 192

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 192

Precoro

FEBRUARY 26, 2024

For procurement professionals, systemizing and optimizing cost centers is not just a matter of financial management; it's a strategic task for driving efficiency, controlling costs, and enhancing overall performance. In this article, we delve into the intricacies of cost centers and explore strategies for improvement.

Optimal Sourcing 105

Optimal Sourcing Cost Reduction Strategies Optimization Software Negotiating Skills 105

Talking Logistics

AUGUST 8, 2017

If you had to boil down the critical factors or attributes that define a best-in-class procurement-to-delivery operation, what would those factors be? Can you give some examples of how enhanced visibility leads to improved operational performance?

Optimal Sourcing 100

Optimal Sourcing Cost Reduction Strategies Food Supply Chain Software 100

QAD

MAY 6, 2025

As a former buyer specialist turned Presales consultant for QAD, Ive seen firsthand how Supplier Relationship Management (SRM) solutions can transform procurement processes. This apprehension can hinder progress and prevent organizations from fully realizing the advantages that effective SRM solutions can bring to their procurement processes.

Supply Chain Design Software 52

Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software Manufacturing Procurement 52

Jaggaer

FEBRUARY 5, 2025

These four steps constitute the downstream procure-to-pay part of the process. Optimizing source-to-paythrough digital transformation streamlines every stage of your procurement strategy, improving visibility, efficiency, and collaboration. Secondly come eProcurement, Supply Chain Collaboration, Invoicing, and Payments.

Sourcing Strategies 52

Sourcing Strategies Optimal Sourcing Manufacturing Procurement Negotiating Skills 52

Jaggaer

MARCH 23, 2020

And that, of course, includes procurement professionals. So, let’s examine Gartner’s words in more detail, but from the specific perspective of procurement. As is well known, procurement generates massive volumes of data. The intelligence is already pre-programmed (embedded) and continuously learns as the data changes.

Procurement Analytics 78

Procurement Analytics Analytics Software Procurement Solutions Optimal Sourcing 78

ivalua

JUNE 29, 2022

While making these changes is now imperative for helping prevent climate change, it can be difficult to know where to start when it comes to sustainable procurement. For example, only one-in-ten (10%) of suppliers report that organizations always include sustainable practices in contracts and agreements. Taking action today.

Waste Reduction 130

Waste Reduction Supply Chain Strategy Supply Chain Planning Software Strategy 130

ivalua

DECEMBER 3, 2021

While making these changes is now imperative for helping prevent climate change, it can be difficult to know where to start when it comes to sustainable procurement. For example, only one-in-ten (10%) of suppliers report that organisations always include sustainable practices in contracts and agreements. Taking action today.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Software Sustainability Supply Chain Planning 130

GlobalTranz

OCTOBER 19, 2018

For example, consider these benefits of using blockchain for bill of lading standardization and more. Use for transparency and traceability for buyers, marketplaces, sellers, and consumers, unifying the history of a product from procurement to end-users, as well as throughout returns, if necessary. Get Your Free White Paper Today.

Logistics Network Optimization Software 263

Logistics Network Optimization Software Demand Planning Software Supply Chain Software Material Savings 263

SCMDOJO

MAY 23, 2025

Integrating Analytics Into Every Tier Analytics must penetrate every layer of the supply chainfrom procurement to last-mile delivery. Procurement, finance, operations, and IT must work in tandem, guided by unified KPIs (Key Performance Indicators) and transparency. Take the example of inventory optimization.

Prescriptive Analytics Software 59

Prescriptive Analytics Software Procurement Analytics Analytics Software Supply Chain Planning Software 59

Jaggaer

FEBRUARY 20, 2025

And if your organization is big enough to need a Chief Procurement Officer , that person is directly or indirectly responsible for every stage of that journey. Rather than treat procurement as a series of disparate tasks, global organizations in all sectors implement efficiency across the source-to-pay journey.

Optimal Sourcing 52

Optimal Sourcing Purchasing Skills Manufacturing Procurement Sourcing Strategies 52

Jaggaer

OCTOBER 22, 2019

Our recently published report, “ Digital Transformation in Procurement: How Close Are We? ”, which is based on a global survey with responses from 391 CPOs and other senior procurement decision makers, showed that most progress had been made with the automation of supplier management, procure-to-pay and spend management processes.

Optimal Sourcing 60

Optimal Sourcing Manufacturing Procurement Predictive Analytics Software Supply Chain Network Software 60

Procurement Academy

JANUARY 21, 2025

It typically covers key supply chain areas including procurement , logistics, demand forecasting , and much more. Manufacturing Having a better understanding of manufacturing best practices and challenges can help in optimizing daily activities and many manufacturing methods can impact modern procurement and supply chain functions.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Modeling Supply Chain Optimization 52