Remove Eliminating Excel in Purchasing Remove Logistics Remove Negotiating Skills
article thumbnail

Top 12 Most-Read Supply Chain Articles Of SCMDOJO 2024

SCMDOJO

Dive into our curated list of the top 12 blogs from 2024 that will elevate your supply chain knowledge and give you a competitive edge. However, it covers key differences between purchasing and procurement, explores common contract types, and emphasizes the importance of strategic sourcing, supplier relationships, and risk management.

article thumbnail

Procurement & Supply Chain Management: Aligning for Operational Excellence

Procurement Academy

But the truth is, when these two functions join forces, the results can be game-changing: lower costs, faster responses, and a more resilient operation overall. This blog explores procurement vs supply chain strategy and looks at how aligning the two leads to operational excellence. The problem? It doesnt have to be that way.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Essential Supply Chain KPIs to Track for Enhanced Decision Making

SCMDOJO

Is inventory bloating your costs? Identify Bottlenecks & Opportunities: Quickly spot areas that are underperforming and need attention or areas where you’re excelling. Control Costs: Track value beyond just the purchase price and manage inventory effectively. Are you truly getting the best value?

article thumbnail

Vendor Relations 101: From Transactions to Strategic Decisions

Precoro

Definition: Vendor relations is a strategic practice of cultivating productive, long-term relationships with suppliers. When done right, it’s beneficial for both sides: vendors get a reliable client, while companies benefit from a stable supply chain, consistent product quality, better pricing, and room to grow and collaborate.

article thumbnail

Adopting Supply Chain Efficiency Through Shopify CRM Integration

SCMDOJO

With international commerce increasingly digitalized and customer requirements continuing to grow, the demands on supply chain professionals to create frictionless, responsive, and cost-effective operations have never been higher. Personalization is no longer the sole purview of marketing it’s also a logistics differentiator.

article thumbnail

The New Procurement Reality: Managing the Supply Chain with Artificial & Human Intelligence

Jaggaer

I am a big believer in procurement getting involved as early as possible in new product development based on all the market knowledge available. The worst-case scenario is product engineering developing a new product, selecting a supplier and then telling procurement to get on with negotiation. How often do your purchase orders change?

article thumbnail

Retail Supply Chain Management: A Guide

Logistics Bureau

This process is a fundamental part of any retail company, and it’s crucial to its success, as it allows them to respond to changing customer demands, reduce costs and increase profitability. Price; this needs to be competitive. By far the biggest cost is the Cost of Goods or COGS. Then we have in-store logistics.