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6 Essential Procurement Training Courses for Professionals: How To Begin and Advance Your Career in Procurement

SCMDOJO

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.

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Procurement Synonyms: All The Words You Need to Know in 2023

SCMDOJO

Here is a list of some common procurement synonyms: Sourcing Acquisition Purchasing Buying Procuring Acquiring Obtaining Securing Obtaining Stocking Resourcing Attaining Gaining Fetching Obtaining Now let’s get into the meanings of some of these synonyms for procurement: 1.

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5 Models of AI for Supply Chain Risk Management—And Why They Matter

Resilinc

Currently, Resilinc uses several predictive AI models in tracking purchase orders (POs) and commodities, autonomous mapping, risk-scoring models, and simulators. Regression Models: Predict Purchase Order Delays What are regression models? Watch the video below to learn more about our Purchase Order Delivery Delay Prediction Engine.

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Downtime in Manufacturing – 7 Ways to Get it Under Control

Unleashed

Here we examine manufacturing downtime in detail, including what it is, what causes it, and what it can cost your business. Because even small manufacturing firms with limited capital can reduce the risk of suffering unexpected outages through measures like preventive maintenance, staff training and the use of smart manufacturing software.

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Six steps to more effective spend management

Taulia

Spend management is the practice of managing supplier relationships and purchasing across an organization to minimize cost and risk. As such, it encompasses numerous procurement-related activities, such as budgeting, sourcing, negotiating supplier discounts, analyzing spend, managing supplier relationships and managing inventory.

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How to Choose a Project Management Software

Elementum

Choosing the right project management platform isn’t a one-size-fits-all exercise because each supply chain is different. The key is to define your pain points and objectives so you can evaluate what the best project management software for manufacturing is for you.

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This Week in Logistics News (December 4-8, 2017)

Talking Logistics

My exercise plans for the weekend are set. freight trains in federal crosshairs after crashes: GAO (Reuters). The company said on Wednesday “that soaring online purchases have caused delays in its distribution network,” according to Reuters. Rake today, shovel tomorrow. Growing length of U.S. Walmart is in the same boat.