SCMDOJO

SEPTEMBER 18, 2023

Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. So, get ready to elevate your communication skills and gain a deeper understanding of the procurement domain.

Negotiating Skills 97

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 97

Precoro

OCTOBER 24, 2022

Procurement is a complex and dynamic process involving strategic planning and several stages of execution, from sourcing to paying and reporting. Supply chain management, purchase requisitions and orders, budget management, and three-way matching – all these processes are integral to procurement as a whole. Lack of Transparency.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Analytics Software Sourcing Strategies 98

NC State SCRC

FEBRUARY 13, 2023

I am working on a new book focused on the sales and procurement relationship in supply chains with my friend Howard Richman, who has a wealth of experience working for companies like Merck, Citrix, and others. I am publishing a snippet from one of our chapters – to give you a taste for what’s in store!

Optimal Sourcing 83

Optimal Sourcing Procurement Price Reduction Cost Reduction Strategies 83

Logistics Viewpoints

SEPTEMBER 28, 2021

There is now a robust and growing market for real time transportation visibility solutions, which help shippers, carriers and the entire ecosystem run more cost-effective and efficient logistics operations. Until we have this kind of pervasive visibility, inventory management will continue to be largely an exercise in futility.

Rail Software 188

Rail Software Real-time Visibility Supply Chain Planning Software Supply Chain Design Software 188

Logistics Viewpoints

SEPTEMBER 7, 2022

Kevin Nelson, a chief procurement officer and senior vice president at BD, agreed to be interviewed on this topic. But the further up the supply chain BD went, the less incentive suppliers had to participate in these exercises. In the BD supply chain, it is the procurement team that plays a key risk management role.

Supply Chain Visibility 206

Supply Chain Visibility Supply Chain Software Optimal Sourcing Procurement Solutions 206

SCMDOJO

AUGUST 21, 2023

With 15,900 followers, he has carved a niche for himself by using fitness-related analogies and exercises to explain complex supply chain concepts. These insights guide businesses in forming high-performing procurement teams, thereby fostering a seamless and efficient supply chain network.

Negotiating Skills 97

Negotiating Skills Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing 97

Talking Logistics

DECEMBER 11, 2014

I use this example to illustrate the challenges (or, perhaps, the futility) of making supply chain and logistics predictions. So, here is my invented future for 2015, starting with my most audacious prediction: Google will acquire a logistics service provider (3PL) and/or a logistics software vendor. The Google TMS?

Predictive Analytics Software 201

Predictive Analytics Software Supply Chain Design Software Logistics Network Optimization Software Predictive Analytics 201

TMC

SEPTEMBER 19, 2018

Common supply chain challenges that lead to a TMS purchase include procurement and transportation operations living as two separate functions, lack of visibility to freight movement, and limited control of freight from inbound suppliers. Procuring a TMS starts with an investigative process. Final thoughts.

Optimal Sourcing 62

Optimal Sourcing Procurement Solutions Procurement Supply Chain Planning Software 62

Resilinc

MARCH 26, 2024

In a typical scenario, a company reaches out to suppliers and begins talking to logistics and procurement after the typhoon strikes. It triggers a domino effect, disrupting operations, challenging logistics, and posing financial risks to all entities connected in the supply chain web. This is where CommodityWatch AI can help.

Modeling 113

Modeling Supply Chain Risk Management Modeling Software Risk Management 113

The Logistics & Supply Chain Management Society

AUGUST 19, 2022

Feature Article by Dr. Raymon Krishnan – President at the Logistics and Supply Chain Management Society. Relocation, coupled with the exploration of plausible options such as reshoring and nearshoring, must be considered in any supply chain network optimization exercise. Business model strategies. MORE FROM THIS EDITION.

Cost Reduction Strategies 245

Cost Reduction Strategies Material Savings Inventory Reduction Vendor Strategies 245

TMC

SEPTEMBER 19, 2018

Common supply chain challenges that lead to a TMS purchase include procurement and transportation operations living as two separate functions, lack of visibility to freight movement, and limited control of freight from inbound suppliers. Procuring a TMS starts with an investigative process. Final thoughts.

Optimal Sourcing 48

Optimal Sourcing Procurement Solutions Procurement Supply Chain Planning Software 48

TMC

SEPTEMBER 19, 2018

Common supply chain challenges that lead to a TMS purchase include procurement and transportation operations living as two separate functions, lack of visibility to freight movement, and limited control of freight from inbound suppliers. Procuring a TMS starts with an investigative process. Final thoughts.

Optimal Sourcing 48

Optimal Sourcing Procurement Solutions Procurement Supply Chain Planning Software 48

Logistics Viewpoints

JULY 22, 2021

Ensuring Sourcing and Supply Chain are tightly integrated ensures avoidance of any surprises that adversely affect customer service and fill rates, by being proactive about launching sourcing events.Beyond addressing these sourcing needs, Procurement needs to have a seat at the table. He received his Ph.D.

S&OP 244

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 244

HICX Solutions

AUGUST 11, 2021

SXM Webinar Series with Art of Procurement. In the first of a three-part Art of Procurement Live Webinar Series ‘Putting the Supplier Experience at the Forefront of Strategic Procurement’ in partnership with HICX, we focus on how to make the business case for Supplier Experience Management (SXM). .

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Procurement Solutions Charlotte 52

Enterra Insights

AUGUST 11, 2022

Make and exercise contingency plans. Even the best plans won’t anticipate all contingencies, which is why they should be exercised for insights and shortfalls. Well-run disaster exercises also help prepare everyone involved to deal with the unexpected. 9] Armed with that information, mitigation strategies can be developed.

Supply Chain Planning Software 130

Supply Chain Planning Software Forecasting Predictive Analytics Software Forecasting Software 130

Elementum

JULY 7, 2022

This exercise is also useful in identifying staffing needs, communication, risks, and constraints to ensure project management software is used to its full potential. Supply chain disruption is an ongoing challenge, facing issues such as scarcity, transportation, and the changing landscape produced by the pandemic.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Forecasting Software Demand Planning Software 78

Supply Chain Matters

JUNE 2, 2023

In this special edition of Supply Chain Matters This Week in Supply Chain Tech , we highlight for readers a workforce reduction underway at procurement technology provider Coupa Software. Business procurement spend management support technology software provider Coupa Software initiated this week a corporate wide headcount reduction.

Price Reduction 52

Price Reduction Cost Reduction Strategies Supply Chain Design Software Network Design Software 52

Logistics Bureau

APRIL 3, 2023

To date, most of our content has covered topics related either to logistics or manufacturing outsourcing. Meanwhile, outsourced logistics can help reduce your overhead costs by reducing the need for your company to own facilities and equipment, which can be expensive to maintain.

Optimal Sourcing 73

Optimal Sourcing Cost Reduction Strategies Material Savings Inventory Reduction 73

CH Robinson Transportfolio

NOVEMBER 19, 2020

And, accordingly, each industry procures and manages capacity differently to navigate these challenges and drive positive outcomes. Conduct procurement exercises regularly and often. Your changing business goals and those of your carriers are also taken into consideration through regular procurement bids.

Optimal Sourcing 44

Optimal Sourcing Material Savings Shipping Price Reduction 44

SCMDOJO

MARCH 25, 2024

Gain a Solid Educational Foundation A solid educational background in supply chain management or a related field such as business, logistics, or operations management is crucial. To keep up and stand out, diving into the latest trends like green logistics, the magic of blockchain, and the wonders of IoT can give you a serious edge.

Negotiating Skills 85

Negotiating Skills Supply Chain Software Supply Chain Network Software Analytics Software 85

Enterra Insights

JUNE 18, 2019

Cheng-Shorland explains, “Supply chain is driven in large part by the procurement process. Moving any product or service through a supply chain starts with a procurement contract, which initiates the tendering or bidding process via an RFI, RFP or other type of formal request. Talk about a great use case for blockchain!

Manufacturing Procurement 100

Manufacturing Procurement Supply Chain Software Supply Chain Optimal Sourcing 100

Talking Logistics

JUNE 2, 2016

Today, shippers face increased regulations, unstable market conditions and capacity concerns that make it near impossible for a newly divested company to achieve all of its goals without the expertise and support of a third-party logistics (3PL) provider. Step 2: Leverage a Transitional Service Agreement Wisely.

3PL 100

3PL Optimal Sourcing Modeling Procurement Analytics 100

Talking Logistics

APRIL 6, 2017

Shippers looking to make structural improvements within their logistics operations often immediately turn to more significant changes such as implementing new technology solutions or redesigning their distribution network in order to see the best return. Robinson in Boston where he spent almost 7 years.

Capacity 101

Capacity Price Reduction Sourcing Strategies Cost Reduction Strategies 101

NC State SCRC

JUNE 27, 2017

In my earlier book with Gerard Chick on “ The Procurement Value Proposition “, we advance the notion that buildoing a business case for investing in people, process, and technology improvement in procurement is key. This is effectively a “snapshot” in time. and “What is the potential return on investment?”

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement 40

Logility

SEPTEMBER 28, 2022

Designed to repair complex and fractured processes, algorithms can only provide information – it takes a human with logistics expertise to handle any exceptions and provide a quick response to changing circumstances. In short, AI can increase speed and accuracy in number crunching, data handling, and supplier vetting.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Optimization Software 130

Supply Chain Matters

APRIL 22, 2024

Apple has been a master at exercising many such strategies. China was once Apple’s go to center for low cost manufacturing coupled with broad and deep supply network and logistics infrastructure capabilities. This region’s capabilities are obviously not solely low cost, but rather high flexibility and efficiency.

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Sourcing Indonesia 52

Locus

APRIL 26, 2024

More and more companies are looking to digitalization of their end-to-end logistics operations for high efficiencies at optimal costs. However, with a wide variety of dispatch management, transportation management (TMS), or logistics software providers, this makes the selection process quite challenging.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Optimization Software Modeling Software Optimal Sourcing 52

JDA software

FEBRUARY 11, 2019

its transportation management and how well it continually procures, plans, executes and monitors freight. Today, a company’s success is largely driven by: its network design and how that company manages its supply, production and distribution locations. Let’s take a closer look at each of these key areas. Network design. Inventory management.

Supply Chain Design 75

Supply Chain Design Optimal Sourcing Inventory Reduction Supply Chain Optimization 75

Resilinc

MAY 11, 2021

So, many typical risk assessment exercises leave companies blind to the vast majority of potential risks lurking in their supply chains. Supply chain experts and McKinsey amplified this point in a recent report , writing, “Most large firms have only a murky view beyond their tier-one and perhaps some large tier-two suppliers.”.

Supply Chain Software 62

Supply Chain Software Supply Chain Logistics Network Optimization Software Supply Chain Network Software 62

Supply Chain Matters

FEBRUARY 23, 2023

Background Global wide transportation and logistics costs increased at unprecedented rates during 2021 and 2022. Our specific prediction was that manufacturers and retailers will exercise considerable pressure on carriers for re-negotiating existing transportation and logistics contracts.

Negotiating Skills 52

Negotiating Skills Inventory Reduction Price Reduction Cost Reduction Strategies 52

Logistics Bureau

APRIL 4, 2022

At Logistics Bureau, we want to help you with that, so we’re publishing this brief guide to help you if you haven’t already included freight benchmarking in your management strategies or want to benchmark more effectively than you are now. Alternatively, you can procure access to a digital freight benchmarking platform.

Benchmarking 68

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 68

Supply Chain Movement

OCTOBER 19, 2015

The new, online tool called Supply Chain Satellite provides objective insights into a company’s logistics procurement strategy and hence supports decision-making related to logistics outsourcing. Should you do it yourself or outsource? The first step is to examine the current situation.

Procurement Solutions 60

Procurement Solutions Modeling Software Supply Chain Software Logistics Network Optimization Software 60

Talking Logistics

JULY 16, 2014

In a past episode of Talking Logistics , Nicholas Carretta, President at UltraShipTMS (a Talking Logistics sponsor), discussed some of the barriers companies face in implementing a transportation management system (TMS), and “building the business case” was one of the main challenges he talked about. Intelligent procurement.

Optimal Sourcing 138

Optimal Sourcing Network Optimization Supply Chain Network Software Optimization Software 138

Enterra Insights

APRIL 4, 2018

Also, the expanse and coverage of these technologies have multiplied, as enterprises continue to integrate with suppliers, co-packers, manufacturers, warehousing teams, and procurement service providers. ” Cognitive technologies can help those exercises as well as contribute to other areas of risk management.

Risk Management 100

Risk Management Supply Chain Design Software Supply Chain Planning Software Analytics Software 100

Supply Chain Matters

MAY 9, 2022

Businesses and their supply chain logistics and transportation teams, anticipating this period of contract renewal talks, have either initiated re-routing of inbound shipments from China to other U.S. As The Wall Street Journal noted in its reporting: “ The risks have seldom been as high as they are this year.”.

Supply Chain Planning 52

Supply Chain Planning China Forecasting Manufacturing Procurement 52

Supply Chain Matters

AUGUST 15, 2022

According to published reports from both Bloomberg and The Wall Street Journal , the company will now source its hardware customer fulfillment needs to third-party logistics providers in an effort to reduce product delivery costs by up to half. Further announced was an assessment of owned retail operations in the U.S. over the coming months.

Inventory Reduction 52

Inventory Reduction Customer Service Price Reduction Cost Reduction Strategies 52

Supply Chain Game Changer

NOVEMBER 11, 2018

Starting this blog itself has been a phenomenal learning exercise. SupplyChain #Leadership #supplychainmanagement #procurement #purchasing #logistics #freight. Shared learning has the ability to show others both what is possible as well as informing them so that they are enabled to make even greater changes. All Rights Reserved.

Guidelines 43

Guidelines Purchasing Skills Exercises Procurement 43