Procurement Academy

OCTOBER 19, 2023

A crucial part of successful procurement strategies is the art and science of negotiation. An important aim of successful negotiation strategies is to secure the best possible terms and value for the organization while maintaining a positive and productive relationship with the supplier.

Negotiating Skills 52

Negotiating Skills Pricing Training Negotiate Pricing Purchasing Training 52

Synovos

NOVEMBER 10, 2023

One example of a key achievement for RS over the past year is the 10% reduction in direct carbon emissions from 2,000 tCO 2 e in H1 2022/23 to 1,800 tCO 2 e in H1 2023/24 due to energy savings, switching to renewable electricity, and a net zero fleet*. million customers. Interested in our services?

Eliminating Excel in Purchasing 105

Eliminating Excel in Purchasing Groups Optimal Sourcing Manufacturing Procurement 105

Supply Chain Shaman

SEPTEMBER 20, 2015

Source: Dictionary.com. One of these concepts that I hear a lot; but see few tangible examples, is the idea of “customer-segmented supply chain.” When I hear companies discussing the implementation of a customer segmentation strategy, I ask a series of questions: Who is your customer? How do they buy from you?

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

Supply Chain Shaman

NOVEMBER 15, 2023

In the PWC survey, the focus for the supply chain leader for the next 12-18 months is cost reduction, which raises questions for me and makes me sad. Based on the Supply Chains to Admire analysis, the first question is: Why do the cost reduction strategies not translate into operating margin improvement against peer groups?

Supply Chain Planning Software 413

Supply Chain Planning Software Optimal Sourcing Modeling Forecasting Software 413

Logility

JUNE 12, 2023

Supply chain sustainability is the integration of environmentally and socially responsible practices into supply chain management, aimed at reducing the environmental and social impact of the supply chain while also creating long-term value for all stakeholders.

Material Savings 130

Material Savings Waste Reduction Sustainability Resource Reduction 130

The Logistics & Supply Chain Management Society

APRIL 19, 2023

The result of this cocktail is an unfortunate reduction in global agri-food production, export, and rapidly increasing agri-food commodity prices. Through trade, countries are able to buy agri-food produce from other parts of the world that are not able to grow efficiently on their own land (or region) or are not in season.

Waste Reduction 130

Waste Reduction Food Resource Reduction Price Reduction 130

Synovos

FEBRUARY 21, 2023

Improve Operational Efficiency and Eliminate Internal Complexity Through Digital Procurement From better spend visibility to reduced order times and more, can your organization afford to miss out on the benefits of digital procurement? In a quarter of cases, though, the change was prompted by the retirement of a legacy system.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Procurement Analytics Cost Reduction Strategies 52

ToolsGroup

FEBRUARY 7, 2022

Love it or hate it, daily necessities need to be purchased. Whichever reasons fuel the motivations of your target market, here are the top trends shaping how they’ll buy – and how you can stay front of mind and ahead of the competition. Data source: eMarketer. eCommerce Purchases and “The New Normal” Retail Categories.

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

Precoro

NOVEMBER 7, 2022

Keep reading to find out the key differences between direct and indirect procurement, how their strategies differ, and how to control spending for both. Continuing in the line of food establishment examples, let's consider a local family pizzeria that you visit after a long day at work. What is Direct Procurement?

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 52

Precoro

OCTOBER 24, 2022

Procurement is a complex and dynamic process involving strategic planning and several stages of execution, from sourcing to paying and reporting. Supply chain management, purchase requisitions and orders, budget management, and three-way matching – all these processes are integral to procurement as a whole. Low-Quality Documentation.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Analytics Software Sourcing Strategies 98

Logistics Bureau

APRIL 3, 2023

If you’re a decision-maker with accountability for your organisation’s entire supply chain, and you’re just starting to think about outsourcing, perhaps to reduce costs or improve service, this post should prove well worth the few minutes it will take you to read it.

Optimal Sourcing 73

Optimal Sourcing Cost Reduction Strategies Material Savings Inventory Reduction 73

Unleashed

OCTOBER 4, 2020

Building and maintaining a strong, consistent brand is fundamental to any marketing strategy. Your marketing strategy should focus on building brand equity because it plays a significant role in your brewery’s long-term sustainability. An apt example is Corona beer. Beer marketing strategies in 2020.

Sourcing Strategies 82

Sourcing Strategies Material Savings Inventory Reduction Cost Reduction Strategies 82

ivalua

OCTOBER 13, 2022

This is not a “side of the desk” or part time role, nor within the skill set or training for the vast majority of purchasing and supply chain managers. To reach net zero emissions from homes, transport, agriculture and industry will need to be cut. There are 15 defined Scope 3 categories : Purchased goods and services.

Purchasing Skills 130

Purchasing Skills Supply Chain Planning Software Price Reduction Pricing Training 130

ivalua

JULY 13, 2022

Buyers are expected to scrutinize every aspect of the purchasing process to identify ways to reduce their carbon footprint, source sustainable materials, and promote diversity. Below, Ivalua’s Arnaud Malardé discusses 5 tangible, actionable strategies that buyers can implement to improve their sustainability efforts.

Procurement Solutions 130

Procurement Solutions Supply Chain Planning Software Optimization Software Optimal Sourcing 130

Supply Chain Shaman

NOVEMBER 21, 2022

So, I smile, catch my dinner partner’s eye and ask, “In our prior conversations, you mentioned the lack of clarity on the definition of supply chain excellence in your current deployments and how this is a barrier to implementing supply chain planning properly. Self-driving supply chains are an example. The facts are clear.

Supply Chain Planning Software 328

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 328

Unleashed

JULY 25, 2021

Let’s look at how smart food businesses can reduce their waste – and how the right food manufacturing software helps them do it. Sustainable food waste management therefore looks at strategies to reduce waste where it occurs, before it occurs. How can food and beverage manufacturers reduce their waste?

Waste Reduction 98

Waste Reduction Food Inventory Reduction Material Savings 98

Supply Chain Game Changer

NOVEMBER 13, 2018

And What is Purchasing? From the starting point of the traditional buy-sell, transaction-based purchasing, the practice has moved through stages of change that redefines most aspect of the business. What is Strategic Sourcing? The fundamental objective of any organisation is lowering the cost of goods manufactured.

Manufacturing Procurement 73

Manufacturing Procurement Optimal Sourcing Procurement Analytics Cost Reduction Strategies 73

Elementum

FEBRUARY 7, 2024

Accuracy : Reduces the error rate associated with human intervention. Cost Reduction : Cuts operational costs by minimizing manual workload. This automation significantly streamlines operations by reducing manual intervention in routine tasks and ensures both consistency and accuracy across all processes.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

ivalua

JUNE 29, 2020

With rising costs and declining margins, health systems must become more efficient and productive. According to this same research, there is an opportunity to reduce total supply expense by average of 17-18% for a given hospital. Quite often there can be a general lack of spend and vendor management and strategic sourcing activities.

Supply Chain Planning Software 219

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Optimal Sourcing 219

RFgen

MAY 13, 2024

TL;DR Unilever’s Global Reach : Manages a complex supply chain with over 280 factories, 500 warehouses, and sources from 52,000 suppliers in over 150 countries. Sustainability Initiatives : Commits to reducing environmental impact through sustainable sourcing, packaging, and waste reduction.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Optimal Sourcing 78

Jaggaer

OCTOBER 22, 2020

José Carande, Managing Director, Accenture Strategy, explained some of the difficulties and challenges faced by banks and financial services companies at a JAGGAER webinar on October 8, 2020. Optimizing cost, in the order of a 20-25% reduction on the current situation, is therefore a must in order to survive.

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Price Reduction Cost Reduction Strategies 52

Supply Chain Shaman

MAY 18, 2019

Dependency on Excel. Due to the shortfalls in the evolution of Advanced Planning, 68% of business users use Excel spreadsheets as the primary mechanism for planning. Excel–while widely used for planning–is not equal to the challenge of modeling complex supply chains. Clarity on Supply Chain Strategy.

S&OP 186

S&OP Supply and Demand Supply Chain Planning Software Supply Chain Design Software 186

Stord

MAY 15, 2024

Customer satisfaction hinges on more than just the quality of the products purchased; it's also deeply influenced by the efficiency and reliability of the delivery process. When customers hit 'purchase,' they're not just buying a product; they're buying an experience — one that includes a swift and smooth delivery process.”

Logistics Network Optimization Software 78

Logistics Network Optimization Software Sourcing Strategies Logistics Supply Chain Design Software 78

Precoro

APRIL 6, 2022

According to Techjury , 67% of enterprise infrastructure is cloud-based, and 81% of all enterprises have a multi-cloud strategy already laid out. Keep reading to find out how your business can benefit from using cloud procurement software and what steps you need to take to implement the best strategies into your procure to pay cycle.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Modeling Software Analytics Software 98

Supply Chain Opz

NOVEMBER 9, 2014

Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks. Therefore, a firm would be well served to develop a supply chain strategy as described in my book: Supply Chain Transformation. But, it can be overdone.

Waste Reduction 274

Waste Reduction Cost Reduction Strategies Supply Chain Planning Software Inventory Reduction 274

Logility

MAY 25, 2023

A recent study revealed that overstocks cost retailers a staggering global loss of $362.1 Defining Inventory Control Inventory control, often interchangeably used with inventory management, is a systematic approach to sourcing, storing, and selling inventory—both raw materials and finished goods. billion each year.

Inventory Reduction 130

Inventory Reduction Inventory Management Software Optimal Sourcing Inventory 130

SCMDOJO

JULY 3, 2023

Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. It goes beyond the concepts found in textbooks by providing real-world examples and useful advice. Take into account things like your current skill level, desired improvement areas, and professional objectives.

Purchasing Training 82

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 82

ThroughPut

FEBRUARY 2, 2024

With Advanced Supply Chain Analytics : Advanced analytics can foresee such supply shortages by analyzing patterns, trends, and external factors, allowing the company to source alternative suppliers or adjust production schedules in advance. This can lead to delays, increased costs, and inefficient use of resources.

Prescriptive Analytics Software 52

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

SCMDOJO

APRIL 4, 2023

Purpose of Supply Chain Analytics What are some examples of Supply Chain Analytics? By providing visibility into every aspect of the supply chain, companies can identify bottlenecks, reduce waste, and minimize delays. This leads to significant operational efficiencies, cost savings, and improved customer satisfaction.

Prescriptive Analytics Software 111

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 111

Logistics Viewpoints

MARCH 27, 2023

Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship. This leads to lower inventory carrying costs and thus better case flow. forecasting product sales at 10,000 stores. forecasting product sales at 10,000 stores.

Forecasting 193

Forecasting Forecasting Software Modeling Optimal Sourcing 193

6 River Systems

FEBRUARY 22, 2019

But without an effective fulfillment strategy, it’s difficult to control fulfillment costs, which can have a negative impact on the company’s bottom line. There are many factors that can impact costs, from warehouse replenishment practices to the warehouse equipment deployed to support the fulfillment process.

Cost Reduction Strategies 56

Cost Reduction Strategies Inventory Reduction Material Savings Warehousing 56

Supply Chain View from the Field

APRIL 1, 2015

When faced with these challenges, business units must then work together to define their functional strategies, which are a set of short-term and long-term plans that will support the enterprise strategy. Step 2 – Develop Metrics and Data Sources. Cost Reduction Goal. Cost Reduction Goal.

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60

Supply Chain Shaman

OCTOBER 8, 2019

The focus is on the role of supply chain finance in driving supply chain excellence. The design of the conference includes tours of several modern warehouses and centers of excellence. Managing a supply chain requires big feet—grounding in real-world experience—coupled with big wings—conceptualization of strategy. The takeaway?

Supply Chain Design Software 190

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 190

HICX Solutions

SEPTEMBER 23, 2020

This is the second in our series of articles on ‘What is bad supplier data costing you?’ In our previous article , we looked at some real world examples of how poor supplier data can lead to bad or inconsistent decision making. In this article, we’ll be focusing on the hidden costs of poor supplier data.

Cost Reduction Strategies 52

Cost Reduction Strategies Purchasing Skills Data Eliminating Excel in Purchasing 52

Supply Chain Shaman

JULY 25, 2021

Here I share my observations: A Focus on Cost Versus Margin. As demand shifts from period-to-period, the costs increase with no impact on growth. In general the ERP technology providers underperformed, and the investment was an opportunity cost to the adoption of new forms of analytics and building effective business networks.

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

Jaggaer

MARCH 30, 2020

Sourcing with Big Data. Walter Charles’s philosophy on the modern state of sourcing is that it is artificially limited by the tools that teams are using. The traditional three bids and a buy model is a product of software constraints, rather than the ideal method of sourcing.

Big Data 99

Big Data Analytics Software Optimal Sourcing Sourcing Strategies 99

SCMDOJO

JUNE 21, 2023

While implementing SCaaS poses challenges, it has demonstrated its effectiveness across industries, fostering company growth, cost reduction, and leveraging cutting-edge technology. According to a paper by Len Prokopets and Ramin Tabibzadeh from Archstone Consulting , initial sourcing transactions can yield a 5% savings.

Supply Chain Planning Software 92

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing 92