SCMDOJO

FEBRUARY 13, 2023

The procurement department is an integral part of any organization, playing a crucial role in the purchasing process. The Purpose of the Procurement Department The procurement department adds value to an organization by obtaining quality goods and services at competitive prices.

Negotiating Skills 87

Negotiating Skills Purchasing Skills Negotiate Pricing Procurement Analytics 87

SCMDOJO

APRIL 20, 2023

As a procurement Manager, you’ll play a crucial role in overseeing the purchasing and procurement process for a company or organization, making sure they get the best bang for their buck. Additionally, procurement managers must stay up-to-date on industry trends and best practices in order to make informed purchasing decisions.

Negotiating Skills 95

Negotiating Skills Optimal Sourcing Procurement Analytics Manufacturing Procurement 95

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. Digital bidding, or eAuctions, are a more efficient way of negotiating with vendors in the international market.

Vendor Strategies 138

Vendor Strategies Negotiating Skills Price Reduction Purchasing Skills 138

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. Procurement Procurement involves sourcing and acquiring the materials or products needed for production.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

SCMDOJO

NOVEMBER 2, 2023

To accomplish this, you require the skills of supply chain experts who can manage the complexity and difficulties of today’s global supply chains. These professionals have a plethora of expertise and knowledge to assist your business succeed in supply chain management. They come from a variety of backgrounds. With a Ph.D.

Supply Chain Design Software 59

Supply Chain Design Software Negotiating Skills Optimal Sourcing Supply Chain Planning Software 59

crisp

NOVEMBER 15, 2023

This article delves into the hidden costs consumer goods companies face when they opt to manage their retail data pipelines internally. Retail data automation: build or buy? It requires specialized knowledge and skills, and the recruitment process can be time-consuming and costly. This is just for a single data source.

Negotiating Skills 52

Negotiating Skills Supply Chain Software Supply Chain Planning Software Cost Reduction Strategies 52

SCMDOJO

JANUARY 17, 2024

They are in charge of purchasing, procurement, and sourcing. Their ability to balance cost, quality, and supply chain sustainability directly impacts the overall success of the organization. To Improve your Materials Management Comptencies, Download our Assessment Tool.

Negotiating Skills 69

Negotiating Skills Purchasing Skills Optimal Sourcing Manufacturing Procurement 69

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

Logility

DECEMBER 15, 2023

Planting the Seeds of Resilience Most companies understand that accurate forecasts are critical to minimizing inventory, maximizing production efficiency, streamlining purchasing, optimizing distribution, minimizing waste, and projecting future performance confidently.

Optimal Sourcing 175

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 175

Supply Chain Game Changer

JANUARY 20, 2022

The platform has risen enormously in recent years, and so has people’s skepticism, questioning the possible risks of buying from AliExpress. It’s a big benefit when buying from AliExpress. It’s also worth noting that Chinese citizens can’t buy directly from AliExpress. Is AliExpress Safe?

Purchasing Skills 96

Purchasing Skills Negotiate Pricing Negotiating Skills Buyer Training 96

Supply Chain Game Changer

JANUARY 9, 2019

The Negotiation Before the Negotiation! Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. Check out this list of 25 Procurement and Purchasing questions and answers. You have easy access to price data points for comparison. Subscribe Here!

Procurement Analytics 68

Procurement Analytics Manufacturing Procurement Procurement Solutions Purchasing Skills 68

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 108

Negotiate Pricing Purchasing Skills Procurement Solutions Negotiating Skills 108

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. To take a look at our new interactive eLearning format for one of our Future Skills courses, view here.

Optimal Sourcing 69

Optimal Sourcing Negotiating Skills Purchasing Skills Buyer Training 69

The Logistics & Supply Chain Management Society

MARCH 21, 2023

Parents got notifications that school was cancelled, employees got notice to stay home, the world started buying most of their goods online, and the global supply chain did a collective * gulp. We’ve had many ups and downs since March of 2020, but one up that has continued its upward trend, is e-commerce purchase volume.

Cost Reduction Strategies 130

Cost Reduction Strategies Price Reduction Sourcing Strategies Price Mitigation Strategies 130

KEPLER Consulting

OCTOBER 18, 2017

Over last decade, sourcing offices became a major piece within globalized footprint of western retailers. Asian countries and China in particular have been privileged destinations for those entities due to cost attractiveness of the area. Once pooled through a Sourcing Office, they can get a higher power of negotiation. #2

Purchasing Skills 60

Purchasing Skills Negotiating Skills Optimal Sourcing Sourcing Strategies 60

Logistics Viewpoints

DECEMBER 12, 2022

They source plastic pellets and then use injection, blow molding, rotational molding, and thermoforming to produce their finished products. At Dow, Mr. Baker had Purchasing experience in raw materials, and logistics for their plastics supply chain. They generated revenues of over $750 million in their last fiscal year.

Supply Chain Planning Software 201

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

Supply Chain Shaman

SEPTEMBER 13, 2021

When the repair estimate was 5X the cost of the car, I wrote the dealer a check and drove off in a 2019 Lincoln Nautilus with 4,200 miles. There is no true end-to-end solution that enables bi-directional orchestration across deliver, make, and source processes. Meet with all strategic transportation partners and ask how you can help.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Purchasing Skills 195

SCMDOJO

APRIL 4, 2023

This leads to significant operational efficiencies, cost savings, and improved customer satisfaction. To accomplish this, supply chain analytics collects, analyzes, and synthesizes data from a wide variety of sources. This can lead to significant cost savings and improved profit margins.

Prescriptive Analytics Software 110

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 110

Jaggaer

MARCH 30, 2020

Sourcing with Big Data. Walter Charles’s philosophy on the modern state of sourcing is that it is artificially limited by the tools that teams are using. The traditional three bids and a buy model is a product of software constraints, rather than the ideal method of sourcing.

Big Data 99

Big Data Analytics Software Optimal Sourcing Sourcing Strategies 99

Supply Chain Game Changer

NOVEMBER 23, 2018

While historically companies have performed this function internally it is increasingly recognized as being more strategic to have a well functioning Procurement capability, as opposed to just having a Purchasing department. The term Strategic Sourcing had yet to become reality and is only now gaining understanding.

Negotiating Skills 80

Negotiating Skills Purchasing Skills Optimal Sourcing Procurement Solutions 80

Supply Chain Game Changer

NOVEMBER 13, 2018

And What is Purchasing? 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. What is Strategic Sourcing? The fundamental objective of any organisation is lowering the cost of goods manufactured.

Manufacturing Procurement 73

Manufacturing Procurement Optimal Sourcing Procurement Analytics Cost Reduction Strategies 73

Resilinc

FEBRUARY 20, 2024

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. These models work together to predict supply, demand, and prices for key raw materials.

Predictive Analytics Software 97

Predictive Analytics Software Modeling Supply Chain Planning Software Supply Chain Software 97

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 Optimal Sourcing Procurement Analytics 52

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

Logility

AUGUST 12, 2021

Most companies understand that accurate forecasts are a critical part of minimizing inventory, maximizing production efficiency, streamlining purchasing, optimizing distribution, minimizing waste, and projecting future performance confidently. Preparing for Market-Driven Demand.

Manufacturing Procurement 130

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Scenario Planning 130

Unleashed

FEBRUARY 9, 2023

But navigating this enormous and multi-faceted marketplace can be challenging, especially without prior knowledge or experience. This guide outlines how to set up an Amazon wholesaling business from scratch, including how to source products, manage stock, and grow your store. How does Amazon wholesaling work? Over-reliance.

Inventory Management Software 52

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

Supply Chain Game Changer

JUNE 17, 2020

Strategic National Stockpiles and Sourcing for the National Interest! These Rare Earth Elements have long ago been abandoned for mining and processing here in the United States and are part of our reliance on Chinese sources of supply. trade negotiators will have to convince China to be receptive to working a deal.

Manufacturing Procurement 71

Manufacturing Procurement Sourcing Strategies Sourcing Material Savings 71

Supply Chain Shaman

SEPTEMBER 24, 2018

<Bear with me… > Here I share a nine-step process in an attempt to help companies unravel the process for buying supply chain planning software. They center on how to make a good decision in the purchase of supply chain planning solutions. Most have purchased software, but are dependent on Excel spreadsheets.

Supply Chain Planning Software 228

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 228

Jaggaer

MARCH 18, 2020

Sourcing with Big Data. Walt Charles’s philosophy on the modern state of sourcing is that it is artificially limited by the tools that teams are using. The traditional three bids and a buy model is a product of software constraints, rather than the ideal method of sourcing. You can gather as many bids as you want.

Big Data 59

Big Data Analytics Software Optimal Sourcing Sourcing Strategies 59

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

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

Talking Logistics

SEPTEMBER 13, 2016

If you’re not able to clearly see, examine, impact and manage every aspect of your supply chain and inventory processes – order status, shipments, in-transit goods, trade documents, costs, exceptions and more – you might as well be operating with blinders on. Freight Cost Management eliminates post-audits and disputes. Reduces DSO.

Real-time Visibility 100

Real-time Visibility Prescriptive Analytics Software Supply Chain Planning Software Inventory Reduction 100

Unleashed

NOVEMBER 28, 2022

Too much inventory can increase costs, limit cash flow, and leave you with expired stock. Inventory replenishment is the process of purchasing the goods, components, and raw materials needed to build and sell products. It ensures products and materials are procured and delivered to the warehouse in a cost-effective, timely way.

Inventory Reduction 98

Inventory Reduction Material Savings Cost Reduction Strategies Resource Reduction 98

Supply Chain Game Changer

MAY 12, 2020

This interview is with Danny Wang, Vice President of Sourcing and Procurement at Canada Goose. We worked in the Commodity Management organization, responsible for Strategic Sourcing and Procurement. And Danny’s work in sourcing and procurement is at the centre of making that happen.

Canada 66

Canada Manufacturing Procurement Negotiating Skills Purchasing Skills 66

Precoro

NOVEMBER 7, 2022

What different products or services does the staff need to purchase in order to produce pizza? Direct procurement , or direct spend , is the purchase of goods and services directly associated with the manufacturing of the company's final product. 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

6 River Systems

OCTOBER 12, 2020

Rising costs mean that companies must continue to innovate and implement strategies that can help reduce logistics costs and boost the bottom line. billion, while transportation costs increased by 10.4% trillion and motor carrier costs rose 10.1% billion, while transportation costs increased by 10.4%

Cost Reduction Strategies 98

Cost Reduction Strategies Expense Reduction Material Savings Inventory Reduction 98

Unleashed

MARCH 7, 2021

Limited operational costs. By managing the entire supply chain from a central location, organisations can monitor their operational costs and work hard to stay within a limited budget. This can lead to lower storage costs overall. Whether this is hiring new staff, purchasing new assets or upgrading existing technologies (i.e.

Supply Chain Design Software 124

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 124