SCMDOJO

OCTOBER 27, 2023

Supplier negotiation is the most critical skill in the world of procurement. Effective supplier negotiations do not limit to the best price but a mutually beneficial agreement from both the parties that can have a profound impact on the company. The following are common types of negotiation in procurement: 1.

Negotiate Pricing 105

Negotiate Pricing Negotiating Skills Pricing Training Purchasing Training 105

Freightos

AUGUST 10, 2024

So we are currently experimenting with using the trained LLM developed for our chatbot, combined with filtering tools, to automate responses to various email inquiries. Again, this takes careful and meticulous training. Internal Training Chatbot: Knowledge transfer is always a challenge.

Logistics Network Optimization Software 268

Logistics Network Optimization Software Modeling Software Supply Chain Planning Software Supply Chain Software 268

Procurement Academy

APRIL 24, 2025

This blog explores procurement vs supply chain strategy and looks at how aligning the two leads to operational excellence. Procurement professionals focus on sourcing goods and services, negotiating with suppliers, and managing contracts. A poorly negotiated contract can lead to delayed deliveries. It doesnt have to be that way.

Optimal Sourcing 52

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

Supply Chain Shaman

MARCH 21, 2024

Training ensued, and the expectation of changing work was shared. The shifts over the last decade are profound: Is the answer a Supply Chain Center of Excellence? So, creating a Supply Chain Center of Excellence might sound like a good idea to start. Lack of executive buy-in. Within a year, we eliminated the typing pool.

Inventory Reduction 435

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 435

Supply Chain Shaman

MARCH 8, 2016

As an analyst in the supply chain market for 15 years, I have written many articles on best-of-breed technology companies purchased by a larger company. The Terra Technology investment is one of what we believe will be a series of purchases to build inter-enterprise cloud-based software platforms to redefine supply chain planning.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Network Software Forecasting Software Demand Planning Software 150

SCMDOJO

JANUARY 9, 2025

Think of them as apples and gearseach essential and effective on its own, yet when combined; they create a formidable mechanism for achieving procurement excellence. By engaging in rigorous supplier selection and negotiation, companies can secure better pricing and ensure higher quality standards.

Optimal Sourcing 98

Optimal Sourcing Manufacturing Procurement Procurement Solutions Negotiating Skills 98

SCMDOJO

JULY 26, 2023

Negotiation, a crucial skill in the realms of business and procurement, demands the ability to remain calm, collected, and confident even in the most challenging situations. Thankfully, in our digital age, we have access to an array of mediums for training and communication that can aid us on this journey of honing our negotiation prowess.

Negotiating Skills 98

Negotiating Skills Purchasing Training Buyer Training Manufacturing Procurement 98

Supply Chain Shaman

OCTOBER 4, 2018

I wanted to say, “You let the consultants influence you to buy the wrong technologies based on IT standardization. Today, since many do not test the solutions and often buy based on IT standardization, the probability of success is about the same as playing the tables in Las Vegas. Most planning happens in Excel Spreadsheets.

Inventory Management Software 338

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 338

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

Supply Chain Shaman

JUNE 29, 2022

Concurrent macro forces–material shortages, war, shifts in consumer buying patterns, logistics constraints, inflation/recession, and climate change– are reshaping today’s reality necessitating the need for a supply chain reset button. Supply chain excellence happens when leaders manage complex non-linear flows.

Supply Chain Design Software 261

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Pricing Training 261

Supply Chain Shaman

JANUARY 9, 2024

How Do You Define Excellence? In retrospect, I find that technology is an enabler, but only if we are clear on what defines supply chain excellence. Many believe that an ex-supply chain exec knows the definition of supply chain excellence. Supply Chains to Admire Winners 2023 Examine Your Own Paradigm. I admit it. The reason?

Supply Chain Planning Software 388

Supply Chain Planning Software Pharmaceutical Supply Chain Planning Gartner 388

AIMMS

MAY 4, 2016

Getting buy-in agreement and changing your company culture to embrace analytics is often more difficult. A Supply Chain Analytics Center of Excellence (COE) can help you start off with the right team structure, engage the right stakeholders and put you on the right path to implementation. Training and change management.

Prescriptive Analytics Software 156

Prescriptive Analytics Software Analytics Software Eliminating Excel in Purchasing Supply Chain Software 156

SCMDOJO

APRIL 11, 2025

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. Is the initial negotiation focused too much on price alone? Our course breaks down TCO/TCS.

Pricing Training 62

Pricing Training Negotiating Skills Purchasing Skills Optimal Sourcing 62

SCMDOJO

JULY 3, 2023

Whether you’re an aspiring procurement enthusiast or a seasoned professional aiming to advance your career, investing in procurement training and procurement training courses can be a game-changer. The fantastic employment options that procurement training opens up are among the most convincing arguments for doing so.

Purchasing Training 98

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 98

Logistics Viewpoints

MAY 11, 2023

Specifically, through modeling and simulation of a digital twin you’re able to ‘virtually try before you buy’ — modelling different scenarios quickly and easily without interrupting operations, or committing significant time and capital. Do they purchase a 3D warehouse simulation and modeling tool?

Modeling 312

Modeling Analytics Software Supply Chain Design Software Optimization Software 312

Supply Chain Game Changer

SEPTEMBER 7, 2022

It’s excellent protection against rain on what could’ve been a perfect day, too. You can attain an industrial tent by either buying or renting it. If you have an event coming up or need extra room for personal effects, continue reading to find out whether you should buy a tent or rent one. When To Buy. When To Rent.

Eliminating Excel in Purchasing 98

Eliminating Excel in Purchasing Purchasing Training Industry Industrial 98

Procurement Academy

JANUARY 16, 2025

A process audit report is designed to, ultimately, streamline processes, enhance decision-making and drive overall procurement excellence. Typically, a procurement audit report will review areas such as the agreement of contracts, pricing data and purchase information, financial statements, stakeholder data and supplier performance records.

Procurement Analytics 52

Procurement Analytics Sourcing Strategies Optimal Sourcing Negotiating Skills 52

Supply Chain Shaman

SEPTEMBER 28, 2012

Or contracts and negotiations. We have let buy- and sell-side transactional relationships erode value. We will never redesign healthcare for better outcomes if we do not redesign the buy/sell relationship and improve the understanding of the service providers on why supply chain matters. I order 75% of my purchases online.

Pricing Training 262

Pricing Training Supply Chain Design Software Purchasing Training Waste Reduction 262

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

The Logistics & Supply Chain Management Society

OCTOBER 14, 2021

In other words, halal requires an organisation of the supply chain instead of just the factory: from source all the way up to point of consumer purchase. The brand owner has its plant halal certified and is buying its ingredients from suppliers with the right halal certificates. distributor, retailer) and suppliers (e.g.:

Pharmaceutical 237

Pharmaceutical Buyer Training Supply Chain Software Supply Chain Strategy 237

Supply Chain Shaman

DECEMBER 4, 2018

to change this, the company chose to take engineers out of design function and trained them on the fundamentals of supply chain and strategic sourcing. The company also taught them to understand the basics of negotiation and risk management. The total cost of ownership analyzes the total costs of the buying decision.

Supply Chain Software 30

Supply Chain Software Case Study Supply Chain Planning Software Supply Chain Design Software 30

Supply Chain Shaman

FEBRUARY 1, 2024

This is why I host training twice a year to challenge existing technology paradigms. days to receive a purchase order confirmation. The average purchased order changes 3.5 As shown in FIgure 1, the fourth node is the COV of materials in planned orders/COV of purchase orders. Yes, the class is now closed.

Supply Chain Planning Software 393

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 393

Freightos

JULY 31, 2024

So we are currently experimenting with using the trained LLM developed for our chatbot, combined with filtering tools, to automate responses to various email inquiries. Again, this takes careful and meticulous training. Internal Training Chatbot: Knowledge transfer is always a challenge.

Logistics Network Optimization Software 177

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Software Modeling Software 177

SCMDOJO

DECEMBER 14, 2023

But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s uncover the mystery behind the role of sourcing agencies and see how they make the job of buying things much simpler. They play a big role in making sure the whole process of buying things goes smoothly from start to finish.

Purchasing Skills 104

Purchasing Skills Optimal Sourcing Negotiating Skills Sourcing Strategies 104

Precoro

OCTOBER 24, 2022

Supply chain management, purchase requisitions and orders, budget management, and three-way matching – all these processes are integral to procurement as a whole. Purchase requisitions and orders, receipts, invoices, and other documents must each contain specific information, often legally binding. Low-Quality Documentation.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Analytics Software Sourcing Strategies 98

AIMMS

MAY 4, 2016

Getting buy-in agreement and changing your company culture to embrace analytics is often more difficult. A Center of Excellence (COE) can help you start off with the right team structure, engage the right stakeholders and put you on the right path to implementation. Training and change management. Operations Research Skills.

Prescriptive Analytics Software 120

Prescriptive Analytics Software Analytics Software Eliminating Excel in Purchasing Supply Chain Software 120

Supply Chain Shaman

DECEMBER 17, 2018

Nick Lynch is the Global Excellence Manager at Shell Lubricants, a division of Shell Global. The Company implemented SAP Advanced Planner and Optimizer (APO) including the standard functionality of Demand Planning (DP), Supply Network Planning (SNP), and Production Planning and Detailed Scheduling (PPDS), yet many planners also used Excel.

Demand Planning Software 323

Demand Planning Software Supply and Demand Supply Chain Planning Software Supply Chain Design Software 323

GlobalTranz

JANUARY 8, 2016

We conclude this two part series about manufacturing operations excellence by consultant Chuck Intrieri, by outlaying why manufacturers should focus on a critical component that will help sustain manufacturing operations excellence for years to come. What is Driving Sustainable Manufacturing Operations Excellence? Work centers?

Manufacturing Procurement 120

Manufacturing Procurement Eliminating Excel in Purchasing Supply Chain Planning Software Manufacturing 120

SCMDOJO

FEBRUARY 5, 2025

Whether you’re just starting your journey or a seasoned pro looking to level up, choosing the right training path is crucial. Comprehensive Curriculum: MCIPS covers a broad spectrum of topics, from procurement principles and strategies to contract management, negotiation, and ethical considerations.

Negotiating Skills 54

Negotiating Skills Procurement Solutions Optimal Sourcing Purchasing Skills 54

Supply Chain Shaman

SEPTEMBER 13, 2023

The issues are largely rooted in politics and the lack of clarity on supply chain excellence. Or planned orders to purchase orders?) Each of these tests took 3-4 months to analyze the data, train the teams, and test market factors. Only 2% of companies are pushing forward in our Supply Chains to Admire analysis.

Supply and Demand 433

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 433

Supply Chain Shaman

JULY 23, 2023

” Noel is one of the 84 sign-ups in my outside-in training (five virtual classes starting next week), and I hope that he has a better understanding at the end of the class. The order latency is the time from purchase by the end consumer to the visibility of the order. Why is there a discontinuous line on the model?”

Supply Chain Planning Software 369

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 369

Supply Chain Shaman

FEBRUARY 16, 2024

Sadly I observed that as the training and knowledge sharing over the last two decades became more available, it was also less valuable as the supply chain became more mainstream. GenAI is promising as a means to train and help leaders learn. Or mine supplier shifts to build alternate buying plans. Test and Learn.

Supply Chain Planning Software 418

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 418

Supply Chain Shaman

FEBRUARY 13, 2017

On March 26, 2015, I nsight Venture Partners (“Insight”) purchased E2open for $8.60 Taking the company private, the investment by Insights gives E2open capital to purchase companies. They have recently purchased the undervalued assets of Orchestro, ICON-SCM , Serus, Terra Technology and now Steelwedge.

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Design Software Supply Chain Network Software Supply Chain Software 0

Bristlecone

NOVEMBER 11, 2024

Studies show that 70% of digital transformation initiatives fail primarily due to insufficient management support and employee buy-in. 3 Comprehensive Training Programs : Investing in robust training that addresses digital skill s gaps is essential. Effective OCM reduces this risk.

Buyer Training 52

Buyer Training Supply Chain Skills Supply Chain Software Supply Chain Design Software 52

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

ivalua

AUGUST 21, 2022

– Actions on the products and services purchased. – Actions on the way you buy. This can take the form of workshops, training, technical advice, provision of tools (software, calculation files, etc.), Part 2: Act on the products and services purchased. Take action with suppliers. knowledge-sharing, etc.

Optimal Sourcing 130

Optimal Sourcing Procurement Solutions Material Savings Supply Chain Design Software 130

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