SCMDOJO

FEBRUARY 13, 2023

The procurement department is an integral part of any organization, playing a crucial role in the purchasing process. To get the most out of any procurement team, all the associated key roles need to be filled with qualified individuals that understand both technology and the principles of supply chain management.

Negotiating Skills 87

Negotiating Skills Purchasing Skills Negotiate Pricing Procurement Analytics 87

SCMDOJO

MARCH 19, 2024

In essence, a structured supply chain department as described in the blog can help you deliver the right supply chain strategy and goals which helps cost reduction, improve customer service, on-time delivery, and better working capital. Watch What is Marketing Procurement? on our SCMDOJO YouTube Channel!

Optimal Sourcing 78

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 78

Supply Chain Shaman

FEBRUARY 18, 2021

Re-implement demand planning, trade promotion management, and revenue/price management together to improve the baseline demand signal. Initially, the output was published to procurement to design strategic buying strategies. Procurement became an island–isolated from the demand signal except for MRP.

Supply Chain Planning Software 297

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 297

Talking Logistics

JUNE 30, 2015

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. As a strategic process, transportation procurement may still seem very tedious and challenging.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Material Savings Procurement 100

Precoro

APRIL 6, 2022

If you're reading this now, then you’ve probably noticed how outdated traditional procurement systems recede into the past and are replaced by new modern solutions. According to Techjury , 67% of enterprise infrastructure is cloud-based, and 81% of all enterprises have a multi-cloud strategy already laid out. What is Cloud Procurement?

Procurement Solutions 98

Procurement Solutions Procurement Analytics Modeling Software Analytics Software 98

Precoro

NOVEMBER 7, 2022

In order to run a successful business, you need a dedicated procurement team to obtain these essential goods and services, ensure timely delivery, and nurture good relationships with your vendors. Paying for offices, utilities, technology subscriptions, and cleaning services is also part of the procurement team's responsibility.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 52

Unleashed

OCTOBER 4, 2023

The order fulfilment process covers every step required to get goods to the people who purchase them, from the moment a customer places an order to when they receive their purchase. But cost-saving isn’t the only benefit of an optimised fulfilment process. It also ensures that resources are used efficiently.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Resource Reduction Cost Reduction Strategies 52

Supply Chain Game Changer

NOVEMBER 13, 2018

Check out What Exactly Is Procurement? And What is Purchasing? There has been transformation in the Procurement function over the past decade. 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.

Manufacturing Procurement 73

Manufacturing Procurement Optimal Sourcing Procurement Analytics Cost Reduction Strategies 73

Procurement Academy

MARCH 12, 2024

What is strategic cost management? In brief, strategic cost management is implementing effective cost optimization strategies that lead to improved profitability, operational efficiency, and resource allocation. It’s an approach that many businesses need.

Optimal Sourcing 69

Optimal Sourcing Negotiating Skills Purchasing Skills Buyer Training 69

Unleashed

MARCH 21, 2021

The procure to pay process is complex and far more than simply making a phone call, or sending a few emails to arrange the purchase of goods. Strategically approaching the procure to pay process can see your company reap the rewards. In this guide, we’ll cover: What is the procure to pay process. Negotiating.

Procurement Analytics 59

Procurement Analytics Procurement Solutions Manufacturing Procurement Optimal Sourcing 59

Supply Chain Shaman

JUNE 29, 2022

Concurrent macro forces–material shortages, war, shifts in consumer buying patterns, logistics constraints, inflation/recession, and climate change– are reshaping today’s reality necessitating the need for a supply chain reset button. The impact varies by supply chain sector and value chain. These are our weakest links.

Supply Chain Design Software 259

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Pricing Training 259

SCMDOJO

JULY 28, 2022

The purchasing department purchases different types of goods and services. However, when you buy something, you may not always know all the suppliers that offer a particular product. This means that every time you host a sourcing event, the same suppliers bid on the same products at the same prices.

Negotiate Pricing 111

Negotiate Pricing Purchasing Skills Procurement Solutions Negotiating Skills 111

Logistics Viewpoints

DECEMBER 12, 2022

In September of 2020, the company hired Jeff Baker to be their Vice President of Procurement and Integrated Supply Chain. Mr. Baker spent over 34 years leading procurement teams at The Dow Chemical Company. At Dow, Mr. Baker had Purchasing experience in raw materials, and logistics for their plastics supply chain.

Supply Chain Planning Software 201

Supply Chain Planning Software Supply Chain Planning Procurement Solutions Scenario Planning 201

The Logistics & Supply Chain Management Society

JANUARY 3, 2024

Concurrent macro forces–material shortages, war, shifts in consumer buying patterns, logistics constraints, inflation/recession, and climate change– are reshaping today’s reality necessitating the need for a supply chain reset button. Companies that tightly tether to enterprise transactional data will never buy the right stuff.

Supply Chain Design Software 130

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 130

Supply Chain Opz

MARCH 31, 2015

What are the essential purchasing books you should read? In this article, we will uncover the best purchasing books to help you get the edge over competition. Background Historically, purchasing people are considered a kind of clerical workers who are expected to perform basic tasks such as document issuance and price negotiation.

Procurement Analytics 100

Procurement Analytics Purchasing Skills Eliminating Excel in Purchasing Negotiating Skills 100

SCMDOJO

APRIL 4, 2023

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. This can lead to significant cost savings and improved profit margins.

Prescriptive Analytics Software 111

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

Precoro

OCTOBER 2, 2023

The procurement landscape is ever changing, and recently, in contrast to the traditional procure-to-pay platforms, we have seen the emergence of a new type of software solution, intake-to-pay, which is marketed as a more comprehensive solution. But hold on: are we sure that wasn't all possible with procure-to-pay, anyway?

Procurement Solutions 59

Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Design Software 59

Claritum

NOVEMBER 16, 2018

Claritum Article - Procurement Blog. Address Procurement Strategy. Focus Procurement on supplier optimisation. Don’t lose Procurement’s focus on costs. Keep Procurement up to date. Procurement is a complex multidisciplinary team activity that crosses all areas of the business. Introduction.

Procurement Solutions 69

Procurement Solutions Procurement Analytics Optimal Sourcing Negotiating Skills 69

Claritum

AUGUST 4, 2020

Introduction Procurement is a complex. The variables and complexities of purchasing products and services, from basic supplies through to strategic purchases, make Procurement a key. the procurement function. the procurement function. Within this environment, the Procurement has to remain focused on.

Procurement Solutions 41

Procurement Solutions Procurement Analytics Optimal Sourcing Negotiating Skills 41

Supply Chain Opz

NOVEMBER 9, 2014

Paul Dittmann , Executive Director of the Global Supply Chain Institute at the University of Tennessee Improving operational efficiency in the global supply chain is a complex undertaking, and requires a documented, multi-year strategy instead of knee jerk reactions, and programs of the month. But, it can be overdone.

Waste Reduction 274

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

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

AFFLINK

AUGUST 30, 2016

Historically, group purchasing organizations (GPOs) have been primarily utilized within the healthcare industry. A GPO is a group of businesses or organizations that come together to use their collective purchasing power to receive discounts from vendors. Your vendors’ prices are increasing. belong to at least one GPO.

Purchasing Skills 63

Purchasing Skills Eliminating Excel in Purchasing Vendor Strategies Groups 63

Unleashed

OCTOBER 16, 2023

Raw material inventory management oversees the procurement, handling, and storage of raw materials. It encompasses the processes involved in purchasing, tracking, consuming, and relocating raw materials. It encompasses the processes involved in purchasing, tracking, consuming, and relocating raw materials.

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

Precoro

MARCH 11, 2024

However, certain healthcare delivery models don’t always prioritize these vital aspects, especially considering the ever-increasing costs of healthcare services. Yet there’s a proactive approach that addresses the high cost of healthcare: value-based purchasing (VBP).

Procurement Analytics 105

Procurement Analytics Procurement Solutions Purchasing Training Purchasing Skills 105

SCMDOJO

JULY 24, 2023

The primary objective of contract logistics is to optimize the flow of goods, information, and capital throughout the supply chain, facilitating efficient and cost-effective customer demand fulfillment. Additionally, its strategic location in proximity to Germany, France, and the UK adds to its appeal.

Logistics Network Optimization Software 92

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Inventory Management Software 92

Precoro

MAY 27, 2021

For anyone responsible for procurement in an organisation, supplier management is an inevitable area of responsibility. Anticipate and react to market volatility and price changes. Formulate business requirements Procurement is not just about cutting costs and looking for the cheapest deal.

Negotiate Pricing 52

Negotiate Pricing Supplier Management Procurement Analytics Negotiating Skills 52

Supply Chain Game Changer

NOVEMBER 23, 2018

Check out What is Virtual Procurement and Why Should You Care? Procurement is an integral part of any company in any industry. Jill is a true, seasoned leader and expert in Procurement. Jill is a true, seasoned leader and expert in Procurement. Subscribe Here! Email Address. www.ProcurePro.ca.

Negotiating Skills 80

Negotiating Skills Purchasing Skills Optimal Sourcing Procurement Solutions 80

Supply Chain Game Changer

MARCH 6, 2019

7 KPIs Your Procurement Team May Be Ignoring! But, when my mom was buying a new vehicle, she didn’t decide to scrap the vehicle from 1993 and purchase one from 1995. Procurement is a business function that has undergone a lot of change in the last few years. Subscribe Here! Email Address. She chose the hybrid route.

Manufacturing Procurement 50

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 50

Logistics Bureau

OCTOBER 6, 2017

Some Quick and Easy Tips for Supply Chain Cost Reduction. Supply Chain Cost Reduction. Reducing Supply Chain Cost may not be as ‘hard’ as it seems. 2) Make sure that your customer service policy meets those expectations as closely as you are willing to go in terms of complexity and cost. Enforce it.

Cost Reduction Strategies 40

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 40

Supply Chain Movement

AUGUST 14, 2014

In this edition: Marion Kohlmeier, Head of supply chain planning and project purchasing at Weidmann Plastics Technology. Weidmann Plastics Technology is part of the Techniplas Group and I am responsible for three teams: Logistics planning; pre-series scheduling; and project purchasing. The third team is project purchasing.

Negotiating Skills 87

Negotiating Skills Negotiate Pricing Purchasing Skills Supply Chain Planning Software 87

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. Getting Started in Supply Chain.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 96

SCMDOJO

DECEMBER 14, 2023

But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s uncover the mystery behind the role of sourcing agencies and see how they make the job of buying things much simpler. They play a big role in making sure the whole process of buying things goes smoothly from start to finish.

Purchasing Skills 75

Purchasing Skills Optimal Sourcing Negotiating Skills Sourcing Strategies 75

Precoro

OCTOBER 6, 2022

With the global market expansion and deepening supply chain complexity, the roles of procurement leaders have evolved from tactical to strategic. Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. From whom are we buying?

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 98

SCMDOJO

APRIL 3, 2022

eAuctions are online real-time dynamic discussions between one purchasing organization and a group of pre-qualified vendors competing for the purchaser’s trade. Throughout a genuine and collaborative cooperation with business vendors, they produce innovative approaches to current procurement difficulties.

Vendor Strategies 140

Vendor Strategies Negotiating Skills Price Reduction Purchasing Skills 140

Precoro

MAY 6, 2024

According to research from Ivalua , suppliers often face late payments; as a result, they report having to extend or open lines of credit otherwise not needed (41%), delay delivery of products or services (34%), and increase prices or reduce discounts (33%).

Procurement Solutions 105

Procurement Solutions Forecasting Software Optimization Software Procurement Analytics 105

Supply Chain Shaman

MAY 21, 2013

In the last five years, while the physician is still important, the buying decisions transitioned from the supplier to the care provider. The focus has been on sourcing and managed costs. For the hospital, the focus has been on materials management and negotiating of lower costs. These costs now lack controls.

Modeling 240

Modeling Modeling Software Pharmaceutical Procurement Analytics 240

Jaggaer

MARCH 30, 2020

To better understand the impact of big data analytics on procurement, we turned to industry veteran Walter Charles, CPO at Allergan, who sees big data as a major disruptor. How Big Data Analysis Plays into Procurement. Big data comes amid a slew of buzzwords that promise “i ndustry disruption ” and “procurement revolution.”

Big Data 99

Big Data Analytics Software Optimal Sourcing Sourcing Strategies 99