Resilinc

FEBRUARY 20, 2024

Learn how Resilinc is using predictive AI and generative AI to innovate supply chain risk management. In our Q&A, Shahzaib discussed predictive AI, which is used for supply chain disruption monitoring, hurricane simulators, commodity predictions, supplier screening, and predictive purchase orders.

Predictive Analytics Software 125

Predictive Analytics Software Supply Chain Planning Software Modeling Supply Chain Software 125

Precoro

OCTOBER 6, 2022

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. Thorough analysis allows procurement professionals to surface, visualize, and present purchasing patterns, which are then evaluated by the stakeholders. From whom are we buying?

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 98

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If you're reading this now, then you’ve probably noticed how outdated traditional procurement systems recede into the past and are replaced by new modern solutions. In short, cloud computing allows accessing different IT resources via the Internet with pay-as-you-use pricing, rather than downloading them to your computer’s hard drive.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Modeling Software Analytics Software 98

Supply Chain View from the Field

OCTOBER 4, 2015

As part of the conference, I’m delivering a talk on five predictions that every procurement professional should consider. These aren’t so much “predictions”, as opportunities that procurement professionals should become aware of, and educate themselves on.

Procurement Analytics 84

Procurement Analytics Predictive Analytics Predictive Analytics Software Optimal Sourcing 84

Precoro

JULY 15, 2024

The CPO leads the company's acquisition programs and ensures that they are purchasing goods and contracting services on time and in a cost efficient way. Making sure these purchases are of high quality and compliant with relevant laws and regulations also falls under the CPO’s responsibilities.

Negotiating Skills 105

Negotiating Skills Manufacturing Procurement Procurement Analytics Procurement Solutions 105

Procurement Academy

JULY 19, 2024

The Foundation of a Successful Procurement Strategy To put it simply, a procurement strategy is a plan that outlines how an organization optimizes its external spending, manages its various supplier relationships, and maintains streamlined internal processes to support cost-effectiveness and generate efficiency.

Cost Reduction Strategies 90

Cost Reduction Strategies Price Reduction Inventory Reduction Sourcing Strategies 90

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. Moreover, by selecting reliable suppliers, negotiating favorable terms, and ensuring timely delivery, the supply chain department can optimize procurement processes and minimize costs.

Optimal Sourcing 98

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 98

Supply Chain View from the Field

JANUARY 14, 2015

As organizations seek to drive supply chain integration across global business units and markets, billions of dollars have been invested in massive systems known as. enterprise resource planning (ERP) systems. This however may be due to the supplier segmentation process that occurs when organizations have access to better spend data.

Manufacturing Procurement 74

Manufacturing Procurement Negotiating Skills Procurement Analytics Purchasing Skills 74

ShipBob

NOVEMBER 15, 2021

Through logistics planning, these systems and functions are evaluated for cost, optimized for efficiency, and designed to withstand unexpected challenges. A 3PL should also make logistics planning easier with predictable, transparent pricing for every service. Well-planned logistics systems are streamlined logistics systems.

Supply Chain Planning Software 98

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

6 River Systems

JULY 25, 2019

New technology aims to make the supply chain more efficient, yet investing in the wrong technology further complicates productivity while hindering profitability. Sebastian Jungels @seb_jungels Sebastian is a co-founder at KAPUA , an enterprise SaaS provider, where he helps companies to improve their forecasting accuracy and speed.

Supply Chain Planning Software 96

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

HICX Solutions

JUNE 9, 2025

What Is AI in Supplier Management? AI in supplier management is the use of artificial intelligence (AI) technologies to streamline and enhance various supplier-related processes. AI helps optimize supply chain management by offering predictive supplier analytics , real-time tracking, and automation.

Optimal Sourcing 40

Optimal Sourcing Negotiate Pricing Negotiating Skills Supplier Management 40

6 River Systems

JUNE 10, 2019

With new supply chain innovations , trends in logistics technology and advancements like automated robots making a big impact on operational efficiency, it seems that supply chain optimization is within reach for more companies than ever before. ” Meet Our Panel of Supply Chain Professionals: Trey Howard Emmanuel Frost Michael D.

Sourcing Strategies 89

Sourcing Strategies Vendor Strategies Inventory Reduction Cost Reduction Strategies 89

ThroughPut

NOVEMBER 28, 2023

Supply chain analytics combines powerful algorithms, data, and the latest technologies like Artificial Intelligence and Machine Learning to address the most elusive challenges in the supply chain right now – visibility and control. These aren’t just tools but potential game-changers for your bottom line in the long run.

Prescriptive Analytics Software 52

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

ShipBob

AUGUST 23, 2023

To manage these different inventory types, you have different inventory systems such as manual, periodic, and perpetual. Examples of MRO inventory or MRO goods include office supplies, packing material, cleaning supplies, repair tools, and safety equipment. Demand volatility can lead to out-of-stock situations or excess inventory.

Inventory Management Software 52

Inventory Management Software Modeling Software Predictive Analytics Software Optimization Software 52

NC State SCRC

DECEMBER 28, 2015

If there’s anything we’ve learned in the last year, it’s that prediction is not only much more complicated than it looks, and that the volatility and uncertainty that exists in the global supply chain operating environment is making life a whole lot LESS unpredictable.

Predictive Analytics Software 40

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

Precoro

NOVEMBER 7, 2022

Paying for offices, utilities, technology subscriptions, and cleaning services is also part of the procurement team's responsibility. What different products or services does the staff need to purchase in order to produce pizza? Typically, direct purchases are made in large quantities to get a bulk discount.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 52

Resilinc

OCTOBER 18, 2022

Because copper is especially sensitive to global economic expectations, copper prices are currently 30% below the highs they reached in H1 2021 and at their lowest levels since November 2020, according to WSJ. But low commodity prices and high interest rates will make equity and debt for new or renovated mines more challenging.

Negotiating Skills 62

Negotiating Skills Purchasing Skills Negotiate Pricing Chile 62

EMERGE App

APRIL 5, 2024

But there is one thing you must be sure of before choosing to set up a warehouse in another country: the warehouse price must be reasonable. Simply, warehouse costs encompass labor costs, facility expenses, and the costs associated with technology or other operational necessities needed to run it. But that thought is no longer valid!

Purchasing Skills 52

Purchasing Skills Negotiating Skills Price Reduction Distribution 52

EMERGE App

APRIL 5, 2024

But there is one thing you must be sure of before choosing to set up a warehouse in another country: the warehouse price must be reasonable. Simply, warehouse costs encompass labor costs, facility expenses, and the costs associated with technology or other operational necessities needed to run it. But that thought is no longer valid!

Purchasing Skills 52

Purchasing Skills Negotiating Skills Price Reduction Distribution 52

ShipBob

SEPTEMBER 20, 2021

End-to-end supply chain management involves all the steps in your supply chain, starting with sourcing ecommerce inventory to managing the post-purchase experience. . In truth, the E2E supply chain process begins with procurement logistics , which involves sourcing inventory from suppliers and manufacturers. Distribution.

Optimal Sourcing 52

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

Material Handling & Logistics

OCTOBER 26, 2018

Whether the topic is talent, technology, or Trump, one thing our board members all have is an opinion, and they come by their credentials the old-fashioned way: through the long and storied careers in all facets of the supply chain. Jim Shephard, president, Shephard’s Industrial Training Systems. ?

Pricing Training 54

Pricing Training Supply Chain Design Software Purchasing Training Negotiating Skills 54

NC State SCRC

FEBRUARY 25, 2021

A comparative advantage gives a company the ability to sell goods and services at a lower price than its competitors and/or realize stronger sales margins. Once again, we return to the observation that supply chain executives are generally rewarded based on one directive: Buy it cheaper, from anywhere and anybody, under any circumstances.

Supply Chain Design Software 45

Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain Purchasing Skills 45

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

Unleashed

SEPTEMBER 7, 2020

You can avoid this by using scheduling software to automate the process based on demand in previous weeks accurately. Optimise processes with the right tools. Many small businesses manage their staff, resources and time the old way — with a pen and paper, and perhaps the odd Excel sheet. Negotiate with suppliers.

Cost Reduction Strategies 105

Cost Reduction Strategies Negotiating Skills Material Savings Expense Reduction 105

Procurement Academy

MARCH 12, 2024

Today’s competitive business landscape demands cost optimization tools that significantly move the needle. This comprehensive program is designed to equip businesses with the right tools, techniques, and insights to unlock greater efficiency and competitiveness.

Optimal Sourcing 69

Optimal Sourcing Negotiating Skills Purchasing Skills Buyer Training 69

Precoro

JANUARY 28, 2025

Procurement is acquiring products and services from suppliers for the best price and terms. As a part of the supply chain, procurement entails discovery, supplier selection, contract negotiation, and purchasing. Find Suppliers. Use industry databases and networking to find reputable suppliers.

Optimal Sourcing 98

Optimal Sourcing Manufacturing Procurement Procurement Analytics Negotiating Skills 98

Precoro

NOVEMBER 25, 2024

Let’s be honest: managing procurement can feel like a juggling act — with pending requisitions, undelivered purchase orders, unpaid invoices, budget tracking, and stock transfers all in the mix. Together, they offer a range of benefits that extend well beyond simply keeping track of purchases.

Procurement Analytics 105

Procurement Analytics Procurement Solutions Manufacturing Procurement Optimal Sourcing 105

Precoro

FEBRUARY 28, 2025

Procurement management in project management ensures the right resources are secured at the best price and delivered on time. Procurement experts vet suppliers, negotiate agreements, and oversee contract execution. In short, project managers ensure things get done, while procurement secures the tools and resources teams need.

Procurement Analytics 45

Procurement Analytics Optimal Sourcing Procurement Solutions Manufacturing Procurement 45

Precoro

MARCH 28, 2025

This article explores the benefits and challenges of cost control and how procurement software can help bring your initiative to life. By comparing your expenses against your expected budget, you can identify cost-saving opportunities, negotiate better deals with suppliers, and remove unnecessary purchases.

Cost Reduction Strategies 45

Cost Reduction Strategies Negotiating Skills Purchasing Skills Expense Reduction 45