Procurement Academy

OCTOBER 19, 2023

A crucial part of successful procurement strategies is the art and science of negotiation. Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract.

Negotiating Skills 52

Negotiating Skills Pricing Training Negotiate Pricing Purchasing Training 52

Supply Chain Shaman

FEBRUARY 7, 2022

The Chief Financial Officer gained more presence with procurement and IT reporting to finance. As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. A Decline in Innovation. Ironically, technology innovation is the highest that I have ever seen. Less Collaborative.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

Supply Chain Game Changer

NOVEMBER 28, 2018

The complexity of global supply chains – especially in organizations like GM – require hands-on relationship management of suppliers to ensure that supplier collaboration will lead to added value, and innovation. Resources spent/gains made on the road to innovation are, therefore, sustained exclusively by the internal entity.

Innovation 59

Innovation Procurement Analytics Resource Reduction Procurement Solutions 59

Elementum

FEBRUARY 7, 2024

Business Process Automation AI: Revolutionizing Efficiency in the Digital Age Artificial Intelligence (AI) is dramatically transforming Business Process Automation (BPA), ushering in a new era of operational efficiency and innovation. Businesses gain agility and can focus human resources on strategic work.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

ivalua

NOVEMBER 26, 2019

In my previous posts, I looked at how to successfully launch a digital transformation and progress to best-in-class Procurement. Most leaders seem to track their progress with metrics such as percent of spend managed and digitization levels, defining best-in-class as being the top quartile or similar high percentage.

Optimal Sourcing 130

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 130

Unleashed

MARCH 28, 2021

We’ll define this crucial management concept and explain how you can implement and improve supplier relationship management to leverage business success. Supplier Relationship Management (SRM) is a management concept frequently used by procurement and supply chain professionals. What is supplier relationship management?

Negotiate Pricing 111

Negotiate Pricing Cost Reduction Strategies Price Reduction Negotiating Skills 111

GlobalTranz

MARCH 23, 2016

Then, the team assigns responsibility for the action required to reach the desired solution. When Lean culture takes hold, the teams are self-managed, managers are no longer reactionary, and they become strategic, proactive thinkers providing sustainable solutions. How to Breakthrough Lean Culture Plateaus. that has no end.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

SCMDOJO

FEBRUARY 29, 2024

The biggest challenge is that simply offering metrics, even those that appear to be the “right” metrics, usually doesn’t produce any results. The questions that are most often asked are: What metrics should I use? What metrics do others (in my industry) use? Where do I begin?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Logistics Viewpoints

DECEMBER 14, 2021

It excels on a union of E-Commerce mobile apps and last-mile delivery innovations. They can optimize courier and order matching, increase visibility, and track important metrics such as order lead time, OTIF, courier performance, and customer satisfaction. How to maximize service rate? How to minimize transportation costs?

Supply Chain Planning Software 193

Supply Chain Planning Software Forecasting Software Supply Chain Design Software Optimization Software 193

Unleashed

JANUARY 29, 2024

This article looks at the SKU rationalisation process, how to utilise SKU rationalisation analysis for your business, and some essential best practices for implementing it. Using metrics such as inventory turnover rate , sell-through rate, and gross margin return on investment allows you to monitor your inventory performance more effectively.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

EcoVadis

MAY 19, 2016

Procurement technology should make it easy to source ethically. Supply chain transparency is one of the key challenges facing Procurement and Sourcing in the coming years. However, new and innovative solutions are developing. This is where technology solutions can be used to implement company CSR policy in a powerful way.

Optimal Sourcing 40

Optimal Sourcing Procurement Solutions Procurement Analytics Optimization Software 40

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

Supply Chain Game Changer

SEPTEMBER 28, 2022

Here is a guide on how to get ready for redesigning your website , what factors to consider before doing it, and how to maximize the value of your update efforts. How to Make Redesign Successful. So, how to proceed with website redesign to make it a success? The simplest tool for auditing a website is Google Analytics.

Procurement Analytics 85

Procurement Analytics Supply Chain Design Software Optimal Sourcing Analytics Software 85

Supply Chain Opz

JANUARY 3, 2022

Then, we use these criteria to rank the books, - Practicality: we look closely at how each book can provide basic concepts and strategies of the "Integrated Logistics Functions", namely, customer service, purchasing, production planning, warehousing, and transportation in a clear and concise manner. The links below are paid links.

Logistics Network Optimization Software 130

Logistics Network Optimization Software Optimal Sourcing Six Sigma Supply Chain Planning Software 130

Enterra Insights

MAY 24, 2021

2] Two of the biggest changes in consumer behavior, brought on by the pandemic, have been an increase in online purchasing and an appreciation for touchless shopping, including options like curbside pickup. How much and what type of information and assistance will consumers want during the shopping process? They are: 1.

Retail 130

Retail Modeling Supply Chain Planning Software Modeling Software 130

GlobalTranz

FEBRUARY 6, 2017

Amazon’s purchase of Kiva Robots changed the landscape of robotics in the supply chain. Technology Will Reshape Procurement Practices. Better procurement practices translate into better overall sales, but the role of procurement in driving sales’ statistics will change throughout 2017. Robotics Will Grow More Versatile.

Supply Chain Planning Software 120

Supply Chain Planning Software Procurement Analytics Manufacturing Procurement Trends 120

Supply Chain Shaman

FEBRUARY 27, 2020

are working on a“if all you have is a hammer, all you see is nails” problem – they have been making boxed, canned and otherwise shelf-stable packaged food for well over a century but now consumers and retailers are looking for fresh foods and they don’t know how to adapt. Early solutions were not scalable.). The fit of the data model.

Analytics Software 242

Analytics Software Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing 242

Talking Logistics

NOVEMBER 10, 2014

I also shared with them my view that companies will ultimately find opportunities for supply chain innovation at the intersection of Software, B2B Connectivity, and Social Networking — a trend best illustrated by the rise of Supply Chain Operating Networks (SCONs). How are companies using SCONs in the real world?

Optimal Sourcing 172

Optimal Sourcing Supply Chain Planning Software Supply Chain Network Software Optimization Software 172

Precoro

FEBRUARY 26, 2024

For procurement professionals, systemizing and optimizing cost centers is not just a matter of financial management; it's a strategic task for driving efficiency, controlling costs, and enhancing overall performance. This cost center is responsible for managing technology infrastructure, software systems, and support services.

Optimal Sourcing 105

Optimal Sourcing Cost Reduction Strategies Optimization Software Negotiating Skills 105

ModusLink Corporation

MARCH 29, 2022

In e-Commerce, customer data is usually stored within big databases that accurately store all data of previous purchases. The innovative and advanced CRM software that is currently out in the market has shown to be of immense benefit to many E-Commerce businesses as a result. Value Feedback. Bibliography. Atchison, J.

Optimization Software 78

Optimization Software Logistics Network Optimization Software Procurement Analytics Procurement Solutions 78

Supply Chain Game Changer

AUGUST 30, 2021

Books can help students to absorb groundbreaking innovations, new concepts and teach them more about management practices. They will understand more about improving processes and learn some techniques and tools they can employ in their future careers. Supply Chain Management for Dummies.

Agile and Lean Supply Chain 92

Agile and Lean Supply Chain Supply Chain Strategy Supply Chain Software Supply Chain 92

o9 Solutions

JANUARY 25, 2023

This blog explores how policy developments such as the digital product passport (DPP) alongside supply chain software can play a role as enablers. Moving towards circular-oriented innovation strategies with frameworks such as the DPP as templates creates an opportunity for companies to generate new value. 2021 ; Walden et al.,

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Modeling Software Predictive Analytics Software 52

BlueYonder

JANUARY 31, 2023

In a series of blog articles, the Product/Solutions Marketing team explores new business challenges and innovation solutions to change the game and manage disruptions. Salim: Our automotive customers are increasingly looking at how to counter inflation but at the same time how to enable supply chain resiliency.

Automotive 88

Automotive Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 88

Logility

OCTOBER 6, 2023

For the last decade supply chain leaders and CIO’s have been evaluating when and how to move their supply chain applications to the cloud. Let’s break down the trade-off between an on-premises and a cloud environment, what it means for your business, and how you can realize the optimal potential of a cloud investment.

Supply Chain Planning Software 193

Supply Chain Planning Software Modeling Software Supply Chain Network Software Optimization Software 193

Supply Chain Shaman

SEPTEMBER 17, 2015

We easily navigate the digital world in our personal lives, but enterprise software is not digital. We are just beginning to understand how to use sentiment data and new forms of analytics. Making the digital pivot will embrace all of these disruptions together to drive innovation and new business models. Supply has not.

Prescriptive Analytics Software 150

Prescriptive Analytics Software Supply Chain Design Software Supply Chain Planning Software Analytics Software 150

Unleashed

MARCH 31, 2021

Some basic supply chain and logistics KPIs you should be measuring — or using a Business Intelligene tool to keep track of. A lean business looking to build efficiencies would do well to try and improve this metric. A metric to determine how many days it would take to run out of supply if you did not replenish your stock.

Supply Chain Planning Software 69

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Agile and Lean Supply Chain 69

Supply Chain Shaman

MAY 3, 2015

Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” We are systemically evaluating each industry in the Supply Chain Insights Metrics That Matter series of reports. At Supply Chain Insights , this is our passion.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 150

Procurement Academy

MARCH 12, 2024

Today’s competitive business landscape demands cost optimization tools that significantly move the needle. This comprehensive program is designed to equip businesses with the right tools, techniques, and insights to unlock greater efficiency and competitiveness.

Optimal Sourcing 69

Optimal Sourcing Negotiating Skills Purchasing Skills Buyer Training 69

Enterra Insights

SEPTEMBER 16, 2019

Although transparency sounds like a straight-forward subject, Bateman and Bonanni note, “Less clear is how to define transparency in a supply chain context and the extent to which companies should pursue it.” In retail, buyers want to understand where the products they are purchasing are coming from and how they were created.”

Supply Chain Design Software 174

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 174

Supply Chain Shaman

JANUARY 22, 2013

At the NRF event, I feel that the words were largely overhyped and the solutions showcased on the floor largely underdelivered. As these words filled the air in session after session, the promises were vast and overarching, but the solutions showcased in the vendor booths on the floor were largely the same.

Supply Chain Design Software 237

Supply Chain Design Software Analytics Software Supply Chain Network Software Modeling Software 237

Resilinc

NOVEMBER 14, 2023

They’re trying to figure out how to find alternate suppliers out of that area. For example, if a company’s shipment gets stopped by customs at the border, they may be required to show where it was manufactured through proof of purchase orders and invoices. Companies are now being required to show what their supply chain looks like.

Supply Chain Strategy 58

Supply Chain Strategy Sourcing Strategies Manufacturing Procurement Supply Chain Software 58

Unleashed

MARCH 24, 2024

Here we look at the most common tools and techniques used to bring the advantages of lean into the modern manufacturing workplace. In this guide to lean manufacturing tools: What are lean manufacturing tools? Indeed, these tools could be several different things, such as: New shop floor layouts. Big data frameworks.

Six Sigma 52

Six Sigma Supply Chain Design Software Inventory Management Software Demand Planning Software 52

Unleashed

MARCH 9, 2021

What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. Procurement in 2021 and beyond.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Enterra Insights

SEPTEMBER 28, 2020

… With an ever-complex consumer purchasing path, it can be difficult for a brand to know where exactly to adjust their efforts. Data analytics and cognitive risk sensing are becoming increasingly important tools for organizations.” With AI/ML relying on data, cleaning tools and governance must be in place.

Data 100

Data Analytics Software Supply Chain Design Software Sourcing Strategies 100

Supply Chain Shaman

APRIL 17, 2013

The article is written and the story is spun, but the solution offered is a supply-centric solution based on yesterday’s technology. As a result, articles are written proclaiming demand-driven results and then the reader is given a solution that is anything but demand driven. The concepts surrounding demand driven sound right.

Supply Chain Design Software 257

Supply Chain Design Software Manufacturing Procurement Supply Chain Planning Software Supply and Demand 257

Unleashed

AUGUST 18, 2021

Reverse logistics is the process of goods returning to their point of origin – back from the purchaser to the manufacturer or supplier. Rather than letting returns harm their business, manufacturers and retailers who are innovative and have efficient processes in place can benefit from reverse logistics.

Reverse Logistics 98

Reverse Logistics Logistics Network Optimization Software Supply Chain Planning Software Material Savings 98

Supply Chain Shaman

MAY 30, 2017

Most companies lag in their understandings of how to improve the forecast and better use demand data. Where Will Innovation Come From? In the past, I have given Infosys and Jabil a hard time for focusing on the sale of a software product. And, there is less impact if the purchase is a tactical purchase. The lesson?

San Francisco 152

San Francisco Supply Chain Planning Software Forecasting Software San Jose 152