Precoro

NOVEMBER 11, 2024

In this article, we’ll explain what centralized purchasing is, the challenges it tackles, the benefits of centralized procurement, and the types of companies that can benefit most from it. That’s when a centralized procurement organization structure proves beneficial.

Pricing Training 105

Pricing Training Expense Reduction Price Reduction Purchasing Training 105

SCMDOJO

APRIL 24, 2025

By producing only whats needed, when its needed, they eliminate the burden of forecasting errors and reduce warehouse dependency. Powered by digital tools, on-demand strategies offer a cleaner, more responsive path to production. This shift reduces waste, limits excess, and enables faster adaptation to market changes.

Waste Reduction 98

Waste Reduction Inventory Reduction Cost Reduction Strategies Expense Reduction 98

Supply Chain Shaman

FEBRUARY 4, 2025

Functional Metrics and the Lack of Alignment to Strategy. Process-based companies continue to focus on manufacturing efficiency (OEE) and discrete on procurement (PPV) without designing the supply chain to balance transportation, manufacturing, and procurement to a balanced scorecard. The Lovefest with Shiny Objects. Guess what?

Supply Chain Design Software 221

Supply Chain Design Software Price Reduction Cost Reduction Strategies Supply Chain Planning Software 221

ToolsGroup

OCTOBER 14, 2024

Spare parts supply chains, however, come with their own set of complexities, requiring targeted strategies and specialized tools to meet these unique demands effectively. This optimal inventory positioning leads to increased customer satisfaction, reduced downtime for clients, and improved brand reputation.

Inventory Reduction 156

Inventory Reduction Negotiating Skills Optimal Sourcing Cost Reduction Strategies 156

ivalua

JUNE 3, 2025

As Procurement teams are tasked to do more with less in an increasingly complex and uncertain market, digitization has become a must. Procurement leaders have increasingly turned to Spend and Supplier Management platforms to improve decision-making, efficiency and collaboration. What is Total Economic Impact? Payback in under 6 months.

Vendor Strategies 130

Vendor Strategies Cost Reduction Strategies Expense Reduction Resource Reduction 130

RFgen

DECEMBER 4, 2024

Supply chain efficiency is the cornerstone of success and involves the effective management of processes, resources, and technologies from procurement to production, transportation to warehousing. In the automotive sector, manufacturers are simultaneously reducing inventory costs and delivery times.

Sourcing Strategies 96

Sourcing Strategies Inventory Reduction Waste Reduction Expense Reduction 96

ivalua

MAY 30, 2023

Ivalua Spend Management Insights [ivory-search] 3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation May 30, 2023 | | Procurement Strategy by Sara Omer What is the Saudi Vision 2030 Program? Procurement and supply chain teams will play a crucial role in making this vision a reality.

Manufacturing Procurement 49

Manufacturing Procurement Procurement Solutions Resource Reduction Procurement Analytics 49

Precoro

MARCH 27, 2025

According to McKinsey & Company, procurement accounts for 50% to 80% of a company’s cost base. That’s why organizations zero in on strategies to achieve procurement cost reduction.    The key thing to remember is that cost reduction in procurement isn’t just about slashing expenses.

Cost Reduction Strategies 45

Cost Reduction Strategies Price Reduction Expense Reduction Vendor Strategies 45

Logistics Viewpoints

APRIL 6, 2023

Procurement and Supply Chain Management are essential functions that can help companies navigate these challenges, but they are often siloed and operate in separate departments. Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services.

Optimal Sourcing 246

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings 246

Logistics Viewpoints

FEBRUARY 20, 2024

That strategy can lead to thousands of scenarios, and still no number of scenarios will answer all questions. Another strategy is to dedicate resources and build the best algorithm for demand forecasting. While this sourcing strategy is the most cost-effective one, the business might not want to operate like that.

Sourcing Strategies 307

Sourcing Strategies Supply Chain Design Software Modeling Inventory Reduction 307

RFgen

DECEMBER 19, 2024

Production, technology, and organizational structure should all support the overall scaling strategy. Digital Transformation and Automation Solutions Technology and automation streamline manufacturing processes, enhancing operational efficiency and quality management, reducing manual labor, and significantly improving overall productivity.

Material Savings 92

Material Savings Resource Reduction Sourcing Strategies Inventory Reduction 92

Logistics Viewpoints

MARCH 12, 2025

Intermediary costs Third-party auditors, banks, and brokers drive up expenses. Procurement & Supplier Agreements Traditionally, businesses negotiate procurement contracts manually, issuing purchase orders, invoices, and letters of credit that require human validation.

Supply Chain Design Software 283

Supply Chain Design Software Supply Chain Software Supply Chain Planning Software Negotiating Skills 283

ivalua

JANUARY 13, 2023

Public Procurement: Building Business Cases and Driving Momentum. For the Government, supplier diversity programs are something procurement professionals in the United States (US) have accepted as a key element to their procurement success. Agile Procurement in Canada. Social Procurement Framework in European Union.

Sourcing Strategies 246

Sourcing Strategies Cost Reduction Strategies Expense Reduction Optimal Sourcing 246

QAD

MAY 22, 2025

There are many ways an organization can cut supply chain costs. While there are no short-term fixes, enterprises should prioritize areas where they can make the quickest gains to reduce costs. Mastering Direct Spend Management Procurement teams generally do not report to the chief supply chain officer.

Cost Reduction Strategies 52

Cost Reduction Strategies Expense Reduction Price Reduction Waste Reduction 52

GlobalTranz

JANUARY 3, 2018

However, a third-party logistics provider (3PL) can help shippers persevere through the tough times with these capacity crunch strategies. . As explained by Edward Hildebrandt via Talking Logistics With Adrian Gonzalez , a strong carrier network is the cornerstone of shipping capacity crunch strategies.

Expense Reduction 228

Expense Reduction Resource Reduction Cost Reduction Strategies Capacity 228

Logistics Viewpoints

JUNE 29, 2023

Configure to Order: This strategy involves customizing standard products based on customer specifications. PO Collaboration involves close coordination with suppliers to procure materials based on order specifications, tracking delivery timelines, and aligning production schedules to meet customer delivery expectations.

Manufacturing Procurement 271

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 271

Kinaxis

MAY 29, 2025

When tariffs hit, crucial components that were once affordable can become prohibitively expensive, forcing companies to rethink their sourcing and production strategies. Solution: Real-time scenario planning combined with agile sourcing strategies to maintain supply chain continuity.

Modeling 130

Modeling Optimal Sourcing Manufacturing Procurement Material Savings 130

ThroughPut

OCTOBER 10, 2024

As businesses globally focus on reducing lost productivity, costly downtime, and rising inventory expenses, effective spare parts management has become a top priority—especially for asset-intensive industries. This balance ensures that spare parts are always available for critical needs while reducing unnecessary inventory costs.

Inventory Reduction 52

Inventory Reduction Waste Reduction Supply Chain Planning Software Cost Reduction Strategies 52

Supply Chain Matters

JUNE 24, 2025

This report observes that “ CEO’s from Amazon to IBM, Salesforce and JP Morgan are telling their employees to prepare for disruption as AI transforms or eliminates their jobs in the future.” Regardless, multiple streams of communication warning that certain jobs will change or be eliminated remains a cause for concern.

Expense Reduction 52

Expense Reduction Resource Reduction Inventory Reduction Supply Chain Planning Software 52

SCMDOJO

APRIL 11, 2025

Economic downturns can disrupt the flow of goods, increase operational costs, and reduce profit margins. In this blog post, well explore the importance of robust supply chains, the key risks they face during economic downturns, and practical strategies. Recession-proofing a supply chain doesn’t mean eliminating all risks.

Supply Chain Planning Software 69

Supply Chain Planning Software Inventory Reduction Waste Reduction Supply Chain Design Software 69

Supply Chain Shaman

NOVEMBER 15, 2021

Especially grievous are the gaps between finance and operations, manufacturing and procurement, and the operations and commercial teams. Lane RFPs focused on cost reduction, but few asked if they had a feasible plan. EDI is slow, expensive and single-directional. The gaps between business leaders grew. We are to blame.”

Supply Chain Design Software 355

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 355

Logistics Viewpoints

JANUARY 17, 2023

Over the past few years, supply chain and procurement pros have faced the challenge of navigating their enterprises through one disruption after another. As a result, all the components of products on the shelves have become more expensive, leading to intense cost pressure while also highlighting the importance of strategic sourcing.

Prescriptive Analytics Software 282

Prescriptive Analytics Software Supply Chain Software Predictive Analytics Software Forecasting Software 282

o9 Solutions

APRIL 8, 2025

This article is derived from our newest SRM White Paper, “One Platform, One Vision – The Benefits of a Unified AI-Driven Supply Chain Planning & Procurement Decision-Making Platform” Ask a procurement leader and a supply chain planner about their biggest priorities, and you’ll likely hear two very different answers.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimal Sourcing Supply Chain Planning Cost Reduction Strategies 52

RFgen

APRIL 18, 2025

Its direct, expensive, and increasingly hard to plan around. Tariffs are reshaping sourcing strategies, forcing tech upgrades, and making inventory planning a lot more complicated. Proactive strategies not only reduce the risk of costly reactive measures but also help maintain a competitive edge in an unpredictable global market.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Price Reduction Cost Reduction Strategies 52

Supply Chain Shaman

APRIL 2, 2025

Planners evolved in the 1980s when planning systems were not scalable and memory was expensive. There is no unifying data model to align procurement and manufacturing, transportation and distribution, revenue management and demand planning, or sales account teams with supply chain planning. I liken it to the typing pool of the 1980s.

Optimal Sourcing 195

Optimal Sourcing Supply Chain Planning Software Modeling Supply Chain Design Software 195

Supply Chain Game Changer

FEBRUARY 16, 2025

This article delves into the pivotal role of the supply chain in driving business success, highlighting its impact on reducing costs, enhancing efficiency, boosting customer satisfaction, and providing the agility needed to respond to an ever-changing market environment.

Expense Reduction 52

Expense Reduction Cost Reduction Strategies Price Reduction Waste Reduction 52

Procurement Academy

JANUARY 7, 2025

Mastering resilience enables businesses to uphold efficiency, reduce costs, and improve overall performance even when dealing with disruptions. This article will explore key strategies for building supply chain resilience, and how Skill Dynamics can help support your business throughout this transformation.

Supply Chain Planning Software 90

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Optimal Sourcing 90

Precoro

JUNE 3, 2025

Category management isn’t just another procurement trend. With today’s growing cost pressures and increasingly complex supply chains , quick fixes no longer cut it. Category Management (CM) is a strategic procurement approach that groups related purchases into categories to manage each as a strategic unit.

Manufacturing Procurement 45

Manufacturing Procurement Procurement Analytics Procurement Solutions Material Savings 45

Logistics Bureau

NOVEMBER 3, 2024

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 2014, a survey by Tompkins Consortium delivered a shocking revelation.

Inventory Reduction 74

Inventory Reduction Cost Reduction Strategies Vendor Strategies Supply Chain Design Software 74

The Logistics & Supply Chain Management Society

MARCH 22, 2022

Reducing Emissions. While several ambitious initiatives aim to limit shipping carbon emissions, like the International Maritime Organization and Getting to Zero coalition, cutting emission levels from the shipping industry could prove challenging. But the real challenge to emission reduction is the high energy density of bunker fuel.

Expense Reduction 245

Expense Reduction Cost Reduction Strategies Shipping Resource Reduction 245

Supply Chain Shaman

DECEMBER 15, 2022

When reviewing strategy decks for supply chain teams, I often see statements like “move from a functional-silo’d focus to a drive a more holistic response.” Focusing on transactions at the expense of understanding and harvesting insights from market data resulted in implementing the wrong set of controls.

Manufacturing Procurement 397

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Procurement Analytics 397

My Office Apps

OCTOBER 21, 2024

Strong vendor relationships are critical for business success, especially when it comes to managing inventory and procurement. Vendor Relationship Management (VRM) helps businesses manage supplier interactions, track performance, and ensure smooth procurement processes.

Vendor Strategies 98

Vendor Strategies Procurement Solutions Supply Chain Planning Software Optimization Software 98

Logistics Viewpoints

JANUARY 31, 2023

Organizations will be pressured to reduce costs and do more with less. Supply chain spend will tighten while building resilience remains a focus: Supply Chain spend broadly categorized into operational expenses, working capital, capital investments, and MRO (maintenance, repair, and operations) spend will be under scrutiny. As the U.S.

Predictive Analytics Software 311

Predictive Analytics Software Supply Chain Software Supply Chain Optimization Agile and Lean Supply Chain 311

Logistics Viewpoints

FEBRUARY 11, 2021

In a recent survey by Procurement Leaders , 54% of the CPOs reported that they have regular touchpoints with the CEO and are considered a key stakeholder. Let us examine these: Implementing a ‘China Plus One’ strategy: Part of the resiliency comes from having alternate sources of supply.

Manufacturing Procurement 304

Manufacturing Procurement Sourcing Strategies Pharmaceutical Procurement Solutions 304

My Office Apps

DECEMBER 7, 2023

Boost Your Business Profits with Efficient Procurement and Inventory Management Software Are you searching for ways to enhance your business’s profitability? One area with significant potential for improvement is procurement. Building Strong Relationships with Suppliers: Efficient procurement goes beyond just placing orders.

Inventory Management Software 105

Inventory Management Software Inventory Reduction Cost Reduction Strategies Optimal Sourcing 105

Logistics Bureau

JANUARY 16, 2025

Just as your body needs multiple defense mechanisms to fight off illness, your supply chain needs various strategies to handle disruptions, whether they’re local supplier issues or global crises. Let’s look at five proven strategies that can help you create a more resilient supply chain.

Sourcing Strategies 74

Sourcing Strategies Supply Chain Planning Software Supply Chain Design Software Supply Chain Strategy 74

SCMDOJO

MARCH 24, 2025

Every business aims to increase its profit margin, and one effective way to achieve this is by cutting costs. To develop cost-saving strategies, a company must first identify where it is falling short and where it has an advantage in savings. per unit, reducing the actual cost to $90,000.

Purchasing Skills 69

Purchasing Skills Negotiating Skills Negotiate Pricing Procurement Analytics 69