Procurement Academy

OCTOBER 19, 2023

A crucial part of successful procurement strategies is the art and science of negotiation. Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract.

Negotiating Skills 52

Negotiating Skills Pricing Training Negotiate Pricing Purchasing Training 52

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 Procurement Material Savings 100

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 11, 2025

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. Check out this course by Vera Rozanova!

Supply Chain Planning Software 84

Supply Chain Planning Software Supply Chain Software Forecasting Software Inventory Management Software 84

Jaggaer

MAY 8, 2025

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?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Procurement Analytics Procurement Solutions 52

SCMDOJO

JULY 3, 2023

Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. You can successfully traverse the complexities of procurement processes with the knowledge, abilities, and tactics you gain during procurement training. But how do you get started?

Purchasing Training 98

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 98

Supply Chain Shaman

DECEMBER 4, 2018

For the past five years, the team at Supply Chain Insights identified Supply Chains to Admire Award Winners by analyzing performance by peer group on the key metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC). The Beginning of the Journey: Strategize, Centralize, and Re-footprint.

Supply Chain Software 34

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement 34

Supply Chain View from the Field

JULY 22, 2015

I had the opportunity to engage in a negotiation seminar with a large insurance company last week, and had the team work on a software contract role play. In the scenario, there was both a buyer and supplier, and there were multiple facets to consider in the negotiation. IP is always one of the most difficult issues to negotiate.

Pricing Training 60

Pricing Training Purchasing Training Negotiate Pricing Negotiating Skills 60

SCMDOJO

DECEMBER 11, 2023

From the Purchase Order (PO) Status Report to the RFQ Performance Report, each report is dissected to provide a clear definition and a deeper understanding of its significance. By providing comprehensive insights into procurement activities, these reports empower decision-makers to make informed and strategic choices.

Procurement Analytics 21

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 21

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. This avoids duplication of efforts and ensures a smooth flow of goods and services.

Optimal Sourcing 98

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 98

4WL Consulting

MARCH 17, 2016

Working with a managed transportation services provider (3PL) is an excellent way for shippers to improve their logistics operation and reduce costs. Any company outsourcing clearly expects the solution to be more cost effective than doing the work in-house. Service is every bit as important as cost. What’s the ROI?

3PL 100

3PL Negotiating Skills Logistics Network Optimization Software Eliminating Excel in Purchasing 100

Unleashed

OCTOBER 6, 2021

So your company is looking to reduce costs, and you’ve been asked to contribute by reducing your inventory cost. Here we explain how you can do this with 16 cost reduction strategies in inventory management?that that are each proven to reduce a company’s costs.? It also avoids the need to dip into safety stock.

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

Logistics Bureau

NOVEMBER 16, 2020

For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. In a nutshell, the pandemic has increased the importance of supply chain, posited it as a ‘cool’ career choice, and strengthened the need for job seekers to improve their supply chain skill sets.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 98

Supply Chain View from the Field

APRIL 1, 2015

Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Step 2 – Develop Metrics and Data Sources.

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60

Unleashed

DECEMBER 6, 2021

With inventory management and other software features built for the wholesale environment, you’ll be able to work towards success in a number of ways: improved profit margins by holding a lean inventory, optimising inefficiencies to cut labour costs, better strategic decision making through data… the list goes on.

Inventory Management Software 98

Inventory Management Software Supply Chain Design Software Supply Chain Planning Software Analytics Software 98

Precoro

JULY 29, 2024

An online procurement system, also known as e-procurement software, is a digital platform designed to streamline and automate the buying process within an organization. At its core, an online procurement system centralizes purchasing activities. At its core, an online procurement system centralizes purchasing activities.

Procurement Solutions 105

Procurement Solutions Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 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 98

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Inventory Management Software 98

Supply Chain View from the Field

JANUARY 14, 2015

Such systems are also instrumental in establishing aligned tactical and strategic performance metrics systems that drive improved economic outcomes (Bendoly et al., They have been touted as the key to manufacturing excellence and supply chain integration… But what is the real ROI on ERP system implementation?

Manufacturing Procurement 60

Manufacturing Procurement Negotiating Skills Procurement Analytics Purchasing Skills 60

Supply Chain Game Changer

FEBRUARY 15, 2022

For many people who work in Supply Chain Management, or for those on the outside, it functions on the foundation of processes, formulae, and metrics. A grounding in all of these areas and disciplines is excellent and mandatory for anyone looking to work in Supply Chain. Creating a High Performance Organization! Infographic).

Supply Chain Design Software 98

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Inventory Management Software 98

HICX Solutions

SEPTEMBER 20, 2022

However, if the power levels change at some point, such as during scarce supply periods, it is time for buying organizations to be prepared and try to improve collaboration with their suppliers. The way forward is to stop focusing on cost-savings and find new ways to measure value. He appreciates that change is already underway. “I’m

Negotiating Skills 52

Negotiating Skills Buyer Training Modeling Software Optimal Sourcing 52

ShipBob

NOVEMBER 15, 2021

By taking the time to plan your supply chain , think through the details of logistical processes, evaluate resources, and budget your costs, you make more of the “unknown” quantities in your logistics known — and with fewer unknowns, you can both optimize your business operations and strengthen them against future crises.

Supply Chain Planning Software 98

Supply Chain Planning Software Logistics Network Optimization Software Material Savings Supply Chain Design Software 98

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. Negotiating. How much should they cost, how much are you prepared to pay? Creating POs.

Procurement Analytics 59

Procurement Analytics Procurement Solutions Manufacturing Procurement Optimal Sourcing 59

6 River Systems

JULY 25, 2019

This will not only influence fill rates and service levels (driving more revenue), but it also helps to keep the cost down increasing the bottom-line. For example, if my contract manufacturer is late with an order it can cause me to incur excess costs with the freighting and warehousing companies, respectively.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Strategy 96

Supply Chain Game Changer

DECEMBER 3, 2019

As I settled into the job and started learning, and studying, the various Supply Chain metrics I was surprised when I looked at the Inventory Turnover performance of the company. First I would talk with the 3 main people in charge of the Inventory Management and Procurement buying functions within the company.

Inventory Reduction 72

Inventory Reduction Supply Chain Planning Software Inventory Supply Chain Strategy 72

Precoro

MAY 27, 2021

It can either make you a company's superhero or add extra headaches and purchasing risks because poor supplier management leads to the following problems: Missed saving opportunities and not enough leverage in negotiating with new suppliers. Anticipate and react to market volatility and price changes.

Negotiate Pricing 52

Negotiate Pricing Supplier Management Procurement Analytics Negotiating Skills 52

Supply Chain View from the Field

OCTOBER 4, 2015

In my experience, organizations pursuing improvement in these areas are going to see results beyond the traditional “cost savings” focus of many procurement areas that continue to pursue traditional leveraging opportunities. Prediction 1 – Spend Analytics Will Become More Predictive (Not Backward Looking).

Procurement Analytics 60

Procurement Analytics Predictive Analytics Predictive Analytics Software Optimal Sourcing 60

Precoro

MARCH 30, 2022

Strategic Procurement Helps a Business Unleash its Potential. As The Hackett Group discovered, approaching procurement strategically with specific business goals in mind helps achieve a significantly higher ROI. Operational efficiency and cost reduction are among the top procurement priorities for CPOs, according to Deloitte.

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Cost Reduction Strategies Price Reduction 52

6 River Systems

JUNE 10, 2019

Emmanuel Frost @AlignYourBrand Emmanuel Frost is the CEO and Co-Founder of Brand Alignment which specializes in helping brands remove and identify MAP pricing violators and unauthorized sellers from the Amazon platform. At this point, brands begin the enforcement process but the mistake was already made from the beginning.

Sourcing Strategies 88

Sourcing Strategies Vendor Strategies Inventory Reduction Cost Reduction Strategies 88

Supply Chain Game Changer

NOVEMBER 17, 2018

All you need is a small monetary investment to get started and the knowledge of how to run a successful listing. Always check the purchase price of the item you want to sell in the Amazon Revenue Calculator to see how much profit you will make after Amazon assesses their fees. Compare Shipping Costs. Calculating Revenue.

Negotiate Pricing 56

Negotiate Pricing Negotiating Skills Purchasing Skills How To 56

Unleashed

FEBRUARY 9, 2023

But navigating this enormous and multi-faceted marketplace can be challenging, especially without prior knowledge or experience. Amazon wholesaling is a business model in which products are purchased in bulk, directly from the distributor or manufacturer, and then sold through the Amazon platform to customers at a higher price.

Inventory Management Software 52

Inventory Management Software Modeling Software Supply Chain Design Software Purchasing Skills 52

Precoro

FEBRUARY 27, 2023

Where should you start when you want to create budgets, cut costs, or forecast future spending? Spend analysis is a crucial part of the broader business practice of spend management because a clear picture of the company's expenditures is essential for fact-based decisions in strategic sourcing and supplier management.

Analysis 52

Analysis Purchasing Skills Procurement Analytics Optimal Sourcing 52

Unleashed

OCTOBER 16, 2023

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. Productivity will also take a hit, as your processes will not be optimally streamlined.

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

Supply Chain Management and Analytics

JANUARY 9, 2021

So, if you want to keep your customers close, ensure your satisfaction with solutions that help them achieve the goal that generated the need for that purchase. During this process, the company can learn more about its customers’ objectives, understand their needs and the context of that negotiation. What is Customer Success.

Purchasing Training 52

Purchasing Training Expense Reduction Material Savings Resource Reduction 52

Provenance

OCTOBER 1, 2018

This role is well suited to someone with 3-5 years Marketing experience, but your communication skills must be second-to-none. Ensure accurate reporting of key daily metrics to optimise outreach. Produce annual and quarterly marketing plans and deliver agreed KPI metrics to the Board reporting platform in a monthly and quarterly basis.

Supply Chain Planning Software 40

Supply Chain Planning Software Analytics Software Supply Chain Network Software Negotiating Skills 40

3rdwave

JANUARY 23, 2019

Digitization is suddenly so important because the current technology supports the capturing of phenomenal amounts of raw data from an unlimited number of sources and the converting of that data into meaningful, contextual, and actionable information – quickly and at low cost. Why should Logistics Care about Digitization?

Logistics Network Optimization Software 86

Logistics Network Optimization Software Transportation Logistics Optimal Sourcing 86

NC State SCRC

DECEMBER 28, 2015

In other words, many supply chain and purchasing solutions looks at historical transaction activity (what happened in the past and is captured in our ERP systems). This is a radical representation, as it requires thinking that the key performance metric in this case is agility and responsiveness to customer and technological change.

Predictive Analytics Software 40

Predictive Analytics Software Predictive Analytics Supply Chain Design Software Supply Chain Planning Software 40

NC State SCRC

OCTOBER 12, 2016

He then went into global imports for the central purchasing group in Raleigh. In 2013 we had $8M of raw material inventory – due to poor purchasing, poor safety stock decisions, and a lot of WIP in the system. Stuart discussed the need for a supply chain Swiss Army knife skill set. Today, we are at 5.5M

Supply Chain Planning Software 40

Supply Chain Planning Software Purchasing Skills Negotiating Skills Supply Chain Software 40