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

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

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 company also taught them to understand the basics of negotiation and risk management.

Supply Chain Software 34

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

Supply Chain Shaman

JUNE 29, 2016

The network senses, translates, and orchestrates market changes (buy and sell-side markets) bi-directionally with near-real time data to align sell, deliver, make and sourcing organizations outside-in. Thoma Bravo purchased Elemica in June 2016. This is a missionary buying market where taxonomies and technologies are not clear.

Supply Chain Network Software 186

Supply Chain Network Software Supply Chain Planning Software Supply Chain Design Software Demand Planning Software 186

Supply Chain Shaman

AUGUST 14, 2016

The network senses, translates, and orchestrates market changes (buy- and sell-side markets) bidirectionally with near real-time data to align sell, deliver, make and sourcing organizations outside-in. The focus is on channel data: price; inventory positions; and policies. Customer-Centric Supply Chain Processes. The Building Blocks.

Material Savings 246

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 246

Supply Chain Shaman

OCTOBER 7, 2012

These can be shift in the channel, issues in manufacturing, increasing variability in transportation, or a shift in commodity prices. Q: You mention that Executive Buy-in is the biggest stumbling block. What techniques are being used to get executive buy-in? Make a list and identify the degree of impact. <The

Supply Chain Design Software 231

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Inventory Reduction 231

SCMDOJO

JUNE 9, 2025

For teams looking to systematize their logistics documentation practices, SCMDOJO’s Logistics Management Track and Mastering Transportation Management System courses offer practical training on how to implement digital tools, automate document flows, and optimize transportation records across the supply chain.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software 52

Supply Chain Shaman

MARCH 29, 2015

E2open went public in July 2012 and in February 2015 participated in a private buy-out for $273M by Insight Venture Partners. Prior to the buy-out, E2open’s stock price was battered with a decline in the company’s shares by 74% over the last year.

Supply Chain Planning Software 150

Supply Chain Planning Software Modeling Software Supply Chain Network Software Supply Chain Software 150

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 Analytics Software 105

ThroughPut

JUNE 17, 2025

By infusing intelligence into every supply chain touchpoint—from sourcing to shelf—AI is driving operational excellence, customer satisfaction, and exponential growth. Markdown Optimization & Season-End Planning: Uses historical data and pricing elasticity to optimize clearance strategies.

Optimal Sourcing 52

Optimal Sourcing Modeling Supply Chain Planning Software Supply Chain Design Software 52

Supply Chain Shaman

JUNE 6, 2015

I was an avid student of supply chain excellence; and in this role, I watched as best-of-breed solution after best-of-breed solution replaced with more complicated technology. Buying patterns are changing quickly, and the insights are multi-dimensional. I worked first at Gartner Group and then at AMR Research. I was a skeptic.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Forecasting Software Demand Planning Software 150

Supply Chain Game Changer

MARCH 26, 2021

It can also assist in determining specific metrics that affect the business. More often than not, the software can also be used for managing spare parts inventory, mechanic training purposes, and most importantly, creating and managing routine maintenance schedules. Build a Fleet Based on Efficiency and Practicality.

Cost Reduction Strategies 98

Cost Reduction Strategies Expense Reduction Resource Reduction Price Reduction 98

Supply Chain Insights

JULY 3, 2017

If you said temporary price reductions (TPR), displays and feature ads, you are right. Nevertheless, if I asked what the fourth most common tactics would be, I may get responses such as discount price coupons, BOGO’s (2-for-1’s) or perhaps even product demonstrations. 93% of Pinterest users use the platform to plan or make purchases.

Supply Chain Planning Software 110

Supply Chain Planning Software Logistics Network Optimization Software Pricing Training Supply Chain Network Software 110

Enterra Insights

JUNE 24, 2022

Barcode systems help businesses and organizations track products, prices, and stock levels for centralized management in a computer software system allowing for incredible increases in productivity and efficiency. ’ But in truth a barcode is so much more. ”[3]. .” ” The End of the Barcode? ” Concluding Thoughts.

Supply Chain Design Software 130

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Price Reduction 130

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 Shaman

OCTOBER 8, 2017

Shifting demand and rising prices for cotton and orange juice. ” At the other end of the continuum is the argument that “ Forecast error is the most important metric to improve.” At the time o the initial implementation, training happened. The impact of the multiple hurricanes this season differ by commodity.

Supply and Demand 199

Supply and Demand Supply Chain Design Software Supply Chain Planning Software Forecasting Software 199

SCMDOJO

JULY 24, 2023

It boasts excellent infrastructure, including well-connected harbors, well-educated people, and multilingual capabilities, making it an international logistics hotspot. While it possesses the buying power of a large corporation, NUNNER focuses on providing tailor-made solutions to its customers.

Logistics Network Optimization Software 98

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

Precoro

MARCH 30, 2022

A procurement strategy defines how purchasing decisions are made. Strategic procurement helps to determine which goods or services to select, from which suppliers, and how much to pay based on data about vendors, market, pricing, and other vital factors. Green Purchasing. What is the Purpose of a Procurement Strategy?

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Cost Reduction Strategies Price Reduction 52

6 River Systems

JULY 25, 2019

“Currently, the biggest challenge for supply chain managers is…” Keeping up with consumers and their buying behaviors. In the meantime, companies need to make sure they have the most talented negotiators and leaders heading up their procurement and supply chain functions.

Supply Chain Planning Software 96

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

Precoro

FEBRUARY 27, 2023

Spend analysis is extremely useful for companies looking to optimize their business processes because it highlights issues like unidentified, duplicate, and late payments, unnecessary department spending, supplier price discrepancies, redundancies, unfavorable contract and payment terms, and more. Let's learn more about them.

Analysis 52

Analysis Purchasing Skills Procurement Analytics Optimal Sourcing 52

6 River Systems

DECEMBER 11, 2018

Create an adaptive unified buying process. “If you look at the typical buying process, it is bifurcated based on geography. If I am going to buy goods from this geography, then I use this process. At the very least, they should see a message indicating that the products are out of stock before they make the purchase.

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 75

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

The Logistics of Logistics

DECEMBER 2, 2012

Highly effective shippers realize that purchasing decisions should be based on value, not just cost. They are willing to pay a reasonable price for a good logistics provider, rather than risk a service failure with a bad logistics provider. The best value combines a good price, with excellent on time performance and great service.

Logistics Network Optimization Software 274

Logistics Network Optimization Software Pricing Training Continuous Improvement Purchasing Skills 274

Unleashed

JUNE 26, 2024

It connects inventory management with related functions, such as purchasing and customer management, to enable a unified platform for operations. In addition to real-time inventory management, most tools also provide functionality for managing purchase orders , integrating sales, and storing customer information.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Supply Chain Design Software Forecasting Software 52

Precoro

MARCH 14, 2025

Although digital procurement solutions have been on the rise for the last decade, there’s still one thing that plagues every company’s purchasing process—and it’s called maverick spend. According to the American Productivity & Quality Center (APQC), maverick buying accounted for 1.8%

Material Savings 45

Material Savings Vendor Strategies Expense Reduction Price Reduction 45

6 River Systems

DECEMBER 13, 2019

Not only does warehouse optimization result in a healthier bottom line, but it also improves key warehouse metrics like accurate orders and on-time delivery. What’s more, the company reduced new hire training time by 10 days. Train your staff on how to handle different materials, tools and equipment.

Optimal Sourcing 81

Optimal Sourcing Optimization Software Price Mitigation Strategies Modeling 81

ShipBob

SEPTEMBER 27, 2021

Defining ecommerce product pricing strategies. Ensuring products have optimal and accurate pricing information , reviewing the online catalog , and checking inventory ahead of promotions (e.g. Interviewing candidates, hiring the right people, and training them to have an impact is a big responsibility for an Ecommerce Director.

Inventory Reduction 59

Inventory Reduction Optimal Sourcing Price Reduction Cost Reduction Strategies 59

ThroughPut

APRIL 30, 2024

The What and Why of AI Tools for Supply Chain There is a reason why everyone is talking about AI tools and why people are driven to make impulsive purchases of AI-powered tools. Step 3 – The Metric Selection phase This phase involves identifying key metrics that will help track the actual impact of AI. Read it all here.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software 52

Precoro

SEPTEMBER 23, 2024

Efficient management of catalog items is one factor that distinguishes chaotic purchasing from organized procurement. Procurement teams that want to speed up the purchasing process and reduce errors while adhering to quality standards and budget limitations must have quick access to pre-approved items from vetted suppliers.

Procurement Solutions 105

Procurement Solutions Purchasing Skills Pricing Training Procurement Analytics 105

Precoro

AUGUST 15, 2022

Enterprise resource planning systems are essential to companies because they help them efficiently track business resources — cash, raw materials, or production capacity, and the status of business commitments : orders, purchase orders, and payroll. Cloud-based ERP Software. Increased Efficiency.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Procurement Solutions Optimization Software 52

ShipBob

SEPTEMBER 27, 2021

Defining ecommerce product pricing strategies. Ensuring products have optimal and accurate pricing information , reviewing the online catalog , and checking inventory ahead of promotions (e.g. Interviewing candidates, hiring the right people, and training them to have an impact is a big responsibility for an Ecommerce Director.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Price Reduction Cost Reduction Strategies 52

QAD

AUGUST 3, 2022

To that point of happier customers, ERP solutions can elevate CRM by collecting all customer information such as contacts, order history, purchase orders, prospect status, etc. Through tracking key business metrics and generating reports with real-time information, managers can course-correct quicker and make more informed decisions.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Forecasting Software Optimization Software 52

ThroughPut

NOVEMBER 28, 2023

Many excellent supply chain analytics tools in the market differ in features, focus areas, visualizations, and other vital elements. Companies can identify inefficiencies and implement corrective measures by collecting and analyzing data related to transportation routes, fuel prices, and carrier performance.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 52

HICX Solutions

AUGUST 11, 2021

Added to the communication aspect, Charlotte points out the importance of providing even more training. We have clear metrics that talk about payments on time to suppliers, or, if they raise an issue, how quickly is that getting resolved. We have clear metrics and a good sense of how in sync we are with our supplier base.”.

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Procurement Solutions Charlotte 52

ShipBob

MAY 7, 2021

Purchasing forklifts, conveyors, and other equipment . Hiring, training, and managing staff to meet order demand. Once you choose the right carriers to partner with, you can negotiate shipping rates and schedule pick-up times. . ShipBob is an excellent solution for businesses that are looking to grow and scale.”.

Supply Chain Design Software 52

Supply Chain Design Software Warehousing Supply Chain Design Inventory Reduction 52

Supply Chain Action Blog

AUGUST 26, 2018

You will need to excel at managing and accelerating the 3-D Cycle, if you want to win in digital economy. Consider a few retail examples: Zara leverages advanced analytics, not only to sense trends, but also to optimize pricing and operations in their vertically integrated supply chain. And, then, there is the success of Walmart.com.

Supply Chain Planning Software 40

Supply Chain Planning Software Supply Chain Software Modeling Supply Chain Planning 40

NC State SCRC

APRIL 3, 2019

General topics which may be susceptible to rick include: Pricing of raw materials; Service levels; Order complexity; Quantities; Resource utilization; Liability exposure; Subcontracting rights; Work scope; Delivery locations and schedules; Contract duration; and Intellectual property ownership. Capacity to innovate [7]. Unreasonable Terms.

Aerospace 40

Aerospace Manufacturing Procurement Supply Chain Design Software Manufacturing 40