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

TMC

OCTOBER 12, 2018

Last week, I had the opportunity to speak again at CSCMP’s annual global conference, which focused on providing attendees with real-world strategies to maximize and transform supply chains. Like many shippers, a “one size fits all” solution did not fit their needs or strategy. Is it to get the lowest price? Most perceived value?

Price Reduction 62

Price Reduction Vendor Strategies Resource Reduction Cost Reduction Strategies 62

Logistics Bureau

APRIL 3, 2023

If you’re a decision-maker with accountability for your organisation’s entire supply chain, and you’re just starting to think about outsourcing, perhaps to reduce costs or improve service, this post should prove well worth the few minutes it will take you to read it. What Can You Outsource, and What Should You Outsource?

Optimal Sourcing 73

Optimal Sourcing Cost Reduction Strategies Material Savings Inventory Reduction 73

Supply Chain Matters

AUGUST 15, 2022

In a reported effort to cut additional costs and increase needed cash flows, the provider announced intentions to cut upwards of 800 jobs within its North America support teams and eliminate its company operated warehouses. based manufacturing strategy, with a decision to source manufacturing at a CMS provider located in Taiwan.

Inventory Reduction 52

Inventory Reduction Customer Service Price Reduction Cost Reduction Strategies 52

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. In this case, the chances of a successful recovery are significantly reduced, even though the company focuses all its efforts on reacting to the disruption.

Modeling 106

Modeling Supply Chain Risk Management Modeling Software Risk Management 106

Logistics Viewpoints

JULY 22, 2021

From a demand perspective, considering external causal factors such as weather, consumer spending, employment levels, construction starts, or consumer price indices in our experience have delivered double digit percentage improvements in forecast accuracy. One off recommendations are made about facility locations (i.e.,

S&OP 245

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 245

TMC

OCTOBER 12, 2018

Last week, I had the opportunity to speak again at CSCMP’s annual global conference, which focused on providing attendees with real-world strategies to maximize and transform supply chains. Like many shippers, a “one size fits all” solution did not fit their needs or strategy. Is it to get the lowest price? Most perceived value?

Price Reduction 48

Price Reduction Vendor Strategies Resource Reduction Cost Reduction Strategies 48

TMC

OCTOBER 12, 2018

Last week, I had the opportunity to speak again at CSCMP’s annual global conference, which focused on providing attendees with real-world strategies to maximize and transform supply chains. Like many shippers, a “one size fits all” solution did not fit their needs or strategy. Is it to get the lowest price? Most perceived value?

Price Reduction 48

Price Reduction Vendor Strategies Resource Reduction Cost Reduction Strategies 48

Supply Chain Shaman

FEBRUARY 28, 2021

An exercise that I love to do in my training is to ask business leaders to draw data flow in their current decision processes. Procurement Operates On An Island. Business process outsourcing and procurement automation evolved to make the procurement organization more efficient and less effective. The reason?

Supply Chain Planning Software 399

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Analytics Software 399

SCMDOJO

FEBRUARY 29, 2024

It is arguably true that supplier performance management is considered a business practice for measuring, analyzing, and managing supplier performance to reduce cost, and risk and also drive continuous improvement. Price isn’t everything. They do not relate to any overall company procurement goals and objectives.

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Supply Chain Matters

JULY 25, 2022

As the calendar now moves to the second half of 2022, it is important to focus on rapidly changing developments including a marked escalation in geopolitical tensions that impact global supply chain strategies. Restoring More Direct Control in Materials Sourcing. For those businesses located in the U.S., Kevin Nolan, the president of U.S.

Sourcing Strategies 59

Sourcing Strategies Manufacturing Procurement Material Savings Predictive Analytics Software 59

Supply Chain Matters

SEPTEMBER 6, 2023

The overall pace of decline in overall new business was noted by the report authors as the steepest since January and have led Taiwanese manufacturers to lower their purchasing activities, drawdown inventory levels and continued staff level reductions. Prices are generally stable. Continued Contraction Levels for the U.S.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Global Price Reduction 52

CH Robinson Transportfolio

NOVEMBER 19, 2020

And, accordingly, each industry procures and manages capacity differently to navigate these challenges and drive positive outcomes. Transportation providers must focus on creating efficient capacity networks, reducing empty miles, and hiring and retaining drivers. Conduct procurement exercises regularly and often.

Optimal Sourcing 44

Optimal Sourcing Material Savings Shipping Price Reduction 44

Enterra Insights

DECEMBER 4, 2018

Procurement expert Kelly Barner notes, “Supply chain managers know full well just how reliant their company is on the performance of third parties. Timothy Lozier, director of product strategy at EtQ, explains, “As business becomes more global, effective and efficient, supply chain management is more vital than ever.

Optimal Sourcing 133

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Supply Chain Planning 133

Supply Chain Shaman

FEBRUARY 28, 2021

An exercise that I love to do in my training is to ask business leaders to draw data flow in their current decision processes. Procurement Operates On An Island. Business process outsourcing and procurement automation evolved to make the procurement organization more efficient and less effective. The reason?

Supply Chain Planning Software 221

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Analytics Software 221

Logistics Bureau

JANUARY 7, 2020

Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.

Inventory Reduction 101

Inventory Reduction Cost Reduction Strategies Supply Chain Design Software Vendor Strategies 101

Supply Chain Matters

FEBRUARY 23, 2023

Other means were in the ability to manage the headwinds of forecasted reduced global trade volumes thru the mechanisms of either formed multi-carrier capacity alliances metering major trade route capacity, increased blank sailings or additional slow steaming transit times.

Negotiating Skills 52

Negotiating Skills Inventory Reduction Price Reduction Cost Reduction Strategies 52

Supply Chain Matters

JANUARY 11, 2023

Built-in support for real-time access to needed data related to facility, transportation, logistics, lead-time or other data that can reduce the overall effort required in building interactive supply chain models. Users remained mostly operations research or specialty consulting firms, and the use cases remained singular event driven.

Network Design Software 52

Network Design Software Logility Procurement Solutions Supply Chain Design Software 52

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

Talking Logistics

APRIL 6, 2017

While these approaches can certainly deliver a significant return on investment (ROI), other strategies that can positively impact their transportation network are often overlooked – for example, thinking more strategically about capacity. Do you have a resilient and “stress-able” routing guide?

Capacity 101

Capacity Price Reduction Sourcing Strategies Cost Reduction Strategies 101

Taulia

FEBRUARY 9, 2022

These generally include the following: Identify the need for a new supplier based on procurement requirements. Any new supplier onboarding exercise is triggered by the identification of a procurement need. This involves sourcing potential vendors or suppliers that meet the procurement need and evaluating their suitability.

Optimal Sourcing 98

Optimal Sourcing Sourcing Strategies Vendor Strategies Optimization Software 98

Supply Chain Matters

OCTOBER 6, 2023

Morgan Global Manufacturing PMI®, compiled by S&P Global in association with ISM and IFPSM , provided a banner headline of weaker intakes of new orders leading to reduced production output. Manufacturers reportedly signaled: “ the softest reductions in both output and total new work since April, though declines remained marked overall.”

Manufacturing Procurement 59

Manufacturing Procurement Global Optimal Sourcing United Kingdom 59

Supply Chain Network

FEBRUARY 10, 2011

So far in this series on Avoiding Procurement Malpractice, we’ve examined spend visibility and analysis as critical elements of best-in-class procurement practices. o Automate price discovery, bid evaluation analysis and optimization. Want to learn more about how to avoid procurement malpractice? eSourcing applications.

Optimal Sourcing 84

Optimal Sourcing Sourcing Strategies Procurement Waste Reduction 84

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

HICX Solutions

FEBRUARY 2, 2023

The discussion focused on key findings from our recent Voice of the Supplier Survey and reactions to the results from an industry-insider perspective and a supplier point of view.

Optimal Sourcing 52

Optimal Sourcing Negotiate Pricing Procurement Analytics Procurement Solutions 52

Supply Chain Brain

MAY 7, 2018

to the complex exercise of pricing. But pricing — given its dependence on a host of ever-changing factors — seems an especially fertile target for the technology. It’s that latter quality that applies to data-heavy disciplines such as pricing. pricing model. “If Webb sums up the role of A.I. Can the A.I.-driven

Price Reduction 40

Price Reduction Company Modeling Modeling Software 40

Supply Chain Game Changer

JULY 2, 2021

We’ve interviewed executives in Retail , Public Sector , Procurement and other industries and disciplines to get a sense of how the industry is reacting, not only to navigate the immediate challenges, but to future proof themselves from future disruption. The latest major disruption that has the entire supply chain world buzzing?

Shipping 105

Shipping Agile and Lean Supply Chain Supply and Demand Price Reduction 105

ThroughPut

APRIL 21, 2022

S&OP is a pointless exercise that adds no value to revenue growth or cost savings. While the numbers are derived from data about customer demand, supply, pricing, inventory levels, etc. Truth: True, lean manufacturing helps eliminate waste, enabling inventory to be used just in time to meet customer demand.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning S&OP Modeling 52

NC State SCRC

FEBRUARY 23, 2017

In the RFQ process, procurement should ideally be transparent about answering this question. The Request for Quote process, if done correctly, is a way for procurement to be able to quantify the elements of value and in many cases, and for the sales team at suppliers to educate the customer on what their true performance capabilities are.

Optimal Sourcing 40

Optimal Sourcing Procurement Price Reduction Cost Reduction Strategies 40

HICX Solutions

MARCH 31, 2022

In this webinar, we join Niko Nurmi , Executive Advisor at Procurement Leaders , as he discusses these challenges and how to overcome them – with Carmen Erhardt , Director of Corporate Purchasing and Head of Global Processes, Operations and Digitalization at Henkel ; and Anthony Payne , CMO at HICX. A supplier experience approach.

Optimal Sourcing 52

Optimal Sourcing Resource Reduction Cost Reduction Strategies Procurement Analytics 52

Supply Chain View from the Field

APRIL 30, 2013

The net result of this exercise is we got down to less than 1% of the supply base to be part of a strategic relationship. Ron provided another compelling view on the Future of Procurement, and shared the organization model Duke Energy is using to build their merger activity and integrate a diverse supply base. Know the organization.

Optimal Sourcing 68

Optimal Sourcing Meeting Procurement Sourcing Strategies 68

Supply Chain Matters

NOVEMBER 6, 2023

The October report narrative further indicated that European manufacturer’s initiated additional job cuts in order to make additional cost savings. On the costs front: “Chinese mid-market manufacturers signaled “the quickest increase in average input prices since January, leading to a further rise in selling prices.” and Europe.

Procurement Analytics 59

Procurement Analytics Manufacturing Procurement Report Global 59

Talking Logistics

DECEMBER 11, 2014

as of this morning — a lower price than 5 years ago! Brent crude oil prices Dec 2009 – Dec 2014 (Source MoneyAM.com). Do Facebook and Twitter Need a Logistics Strategy? More companies will treat Supply Chain Design as a continuous business process instead of a standalone project or a once-a-year exercise.

Predictive Analytics Software 201

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

Supply Chain Matters

JANUARY 13, 2023

In a previous postings, we published Part One of this series which highlighted our first prediction , that supply chain management teams should anticipate a considerable amount on uncertainty and that a significant challenge will be to avoid complacency in strategies and actions. In this posting we highlight our fourth prediction.

Predictive Analytics Software 52

Predictive Analytics Software Negotiating Skills Predictive Analytics Supply Chain Software 52

Logistics Bureau

APRIL 4, 2022

Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. So how can you be sure you’re getting the best freight rates possible?

Benchmarking 68

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 68

Supply Chain Matters

NOVEMBER 21, 2022

The results were positively received by investors with headlines indicating that the retailer is not only making progress in reducing bloated inventories but is benefitting from inflation impacted consumers. All of this news led to an immediate boost in Walmart’s stock price. Signs of Pre-Pandemic Retailer Playbooks.

Retail 52

Retail Inventory Reduction Price Reduction Demand Planning Software 52

CH Robinson Transportfolio

APRIL 14, 2015

Flatbed Procurement: What’s Your Strategy? Whether you believe it or not, the key to successfully securing flatbed capacity (without breaking the bank) isn’t always about chasing the lowest price. Do you conduct procurement events often enough and at the right time? What value can a procurement expert add?

Price Reduction 34

Price Reduction Optimal Sourcing Procurement Strategy 34