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

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

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

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

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 Expense Reduction Price Reduction Vendor Strategies 45

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. Key takeaway Top challenge: Sourcing volatility driven by EV component shortages and fluctuating global tariffs.

Modeling 130

Modeling Optimal Sourcing Manufacturing Procurement Material Savings 130

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

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

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 269

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 269

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. Despite their best efforts, current events and market dynamics caught up with them, leading to issues managing their suppliers and sourcing the materials needed for their products.

Prescriptive Analytics Software 281

Prescriptive Analytics Software Supply Chain Software Predictive Analytics Software Forecasting Software 281

Supply Chain Shaman

APRIL 2, 2025

Planners evolved in the 1980s when planning systems were not scalable and memory was expensive. We have not designed the planning systems to serve managers, directors, and vice presidents, aiming to improve decision-making and collaboration across the source, make, and deliver processes. 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

ivalua

AUGUST 11, 2021

Responsible sourcing is the incorporation of ethical, sustainable and socially conscious principles into sourcing, procurement and overall supply chain management practices. Responsible sourcing requires a shift in thinking and priorities. This is actually proving to be a profitable strategy for many.

Sourcing Strategies 130

Sourcing Strategies Purchasing Skills Sourcing Expense Reduction 130

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. Build Strong Supply Chain Sourcing Development Practices.

Supply Chain Design Software 355

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

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

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. Business Continuity Ensuring uninterrupted operations requires sourcing the right parts at the right time and place.

Inventory Reduction 52

Inventory Reduction Waste Reduction Supply Chain Planning Software Cost Reduction Strategies 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

Logistics Viewpoints

FEBRUARY 11, 2021

At the same time, the Chief Purchasing Officer (CPO) has taken on a pivotal role by securing Personal Protective Equipment (PPE) to protect the workforce and direct materials when primary sources fail. As disruptions become the norm, Supply Chain Planning and Source-to-Pay (S2P) cycles need to be increasingly dynamic and intertwined.

Manufacturing Procurement 284

Manufacturing Procurement Sourcing Strategies Pharmaceutical Procurement Solutions 284

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. Imagine a mid-market fitness equipment company sourcing metal frames from Taiwan. based cosmetics brand sources glass jars from Europe.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Price Reduction Cost Reduction Strategies 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

ThroughPut

JUNE 2, 2025

To stay ahead of the curve, industry leaders are turning to data-driven strategies and artificial intelligence (AI) to transform how they manage inventory, forecast demand, and optimize the entire spare parts lifecycle. This lack of transparency hampers accurate demand forecasting, procurement efficiency, and inventory optimization.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Vendor Strategies Cost Reduction Strategies 52

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

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

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

Logistics Viewpoints

MAY 13, 2024

This technology allows businesses to unify their procurement, expense management, invoicing, payments, sourcing, contract management, and spend analysis processes and reporting. A solution needs to be trained on the right data, on data that has been ethically sourced.” The idea of community was there from the beginning.”

Procurement Solutions 293

Procurement Solutions Forecasting Software Modeling Software Procurement Analytics 293

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 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

GlobalTranz

FEBRUARY 17, 2016

This is the second part of my series on various ways to reduce overall costs as it relates to logistics and warehouse cost reductions. In the first part I put forth 6 areas of focus in order to reduce logistics costs. Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well.

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Waste Reduction Vendor Strategies 120

Supply Chain Game Changer

JULY 28, 2020

It sounds beneficial on the surface but is it a realistic long term strategy? Every source of materials and components, every manufacturing facility, every warehouse and distribution channel, and every logistics mechanism is duplicated. For many their Supply Chain is built on intellectual property and sole sourcing.

Material Savings 121

Material Savings Expense Reduction Resource Reduction Inventory Reduction 121

BlueYonder

MARCH 7, 2025

Managing those changes requires three key steps: Understanding the changes Forming new business strategies to mitigate any impact Embracing core technologies to enable those strategies to work Adapting to increased costs: Many manufacturers depend on imported raw materials, such as steel, aluminum and specialty components.

Manufacturing Procurement 88

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Material Savings 88

Logistics Viewpoints

OCTOBER 23, 2023

The discipline has done a good job of driving collaboration between sales and marketing and manufacturing, procurement, and logistics. Because procurement is a major theme of the conference, I could not help but talk to the top executives of this business unit about the new Elon Musk biography. Musk smiled.

Manufacturing Procurement 318

Manufacturing Procurement Supply Chain Design SAP Procurement 318

Logistics Viewpoints

APRIL 29, 2025

These events are exposing traditional manufacturing and supply chain methods that are expensive, inefficient, and opaque, creating inordinate risk in building and scaling products. Fictiv brings exceptional talent, proven technology, and a shared commitment to innovation.

Manufacturing Procurement 151

Manufacturing Procurement Supply Chain Software Logistics Network Optimization Software Manufacturing 151

Precoro

SEPTEMBER 6, 2021

This month, we continue our Procurement Basics series and would like to introduce our readers to yet another set of often misused business terminology. As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Procurement. What Is Procurement Process?

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

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

Logistics Viewpoints

AUGUST 5, 2021

I was drawn to Hunter and Amory Lovins, who advocated a strategy pairing energy efficiency with renewables, long before its current popularity. But they’ve also invested in route optimization, which uses algorithms to save up to 10 million gallons of fuel annually by reducing miles driven in the US. But what about the role of planning?

Supply Chain Planning Software 322

Supply Chain Planning Software Sustainability Material Savings Supply Chain Planning 322

Supply Chain Matters

JULY 15, 2022

This week, the company announced a reversal in manufacturing and supply chain strategy, as well as a major turnabout. Supply chain strategy, process, talent and enabling technologies each play important roles. Sourcing was both a cost as well as landed cost decision factor. Change of Leadership and Overall Business Strategy.

Sourcing Strategies 105

Sourcing Strategies Cost Reduction Strategies Expense Reduction Inventory Reduction 105