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

QAD

FEBRUARY 20, 2024

The Causes of Stock Loss Sources of stock loss can include: Incorrect part movement Scrap with parts being dropped and damaged Shipping inaccuracy from warehouses and suppliers Manual mistakes in the processes Supplier performance Inaccurate forecasting Split shipments can also cause issues. Stock loss isn’t selective on item size either.

Manufacturing Procurement 96

Manufacturing Procurement How To Material Savings Supply Chain Design Software 96

The Logistics & Supply Chain Management Society

MARCH 21, 2023

The Green Corridor: The Emissions of Work – How to Make a Green Working Culture by Timothy Foote , Founder of Susymbio In this month’s Green Corridor, I wanted to talk about the emissions generated by a workforce physically going to work. There are work life balance advantages to working remotely.

Cost Reduction Strategies 130

Cost Reduction Strategies Sourcing Strategies How To Manufacturing Procurement 130

Logistics Viewpoints

AUGUST 11, 2022

Not the most efficient way to run a logistics business. It collects and stores data from a variety of sources. These sources may include electronic logging devices, telematics networks, mobile devices, RF devices, and GPS information from automatic identification systems for ship locations and NORAD for aircraft positioning.

Supply Chain Planning Software 231

Supply Chain Planning Software Forecasting Software Logistics Network Optimization Software Supply Chain Network Software 231

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

QAD

MAY 23, 2023

The goal, from a manufacturing perspective, is clear: learn how to do more with less as efficiently as possible while maintaining profitability and complying with due diligence legislation. In a recent BearingPoint survey, a whopping 85% of companies attribute their move to sustainable procurement practices to government regulations.

Procurement Solutions 94

Procurement Solutions Supply Chain Planning Software Supplier Management Modeling Software 94

OptiProERP

APRIL 9, 2024

Collaboration between production, procurement, and logistics teams is essential to optimize resource utilization and minimize lead times. Shipping and Logistics Once products pass quality checks, they are prepared for shipping. Production Planning Upon receiving an order, production planning kicks in.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Inventory Management Software 52

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 193

Prescriptive Analytics Software Predictive Analytics Software Supply Chain Software Forecasting Software 193

Supply Chain Game Changer

FEBRUARY 23, 2022

Featuring Our 12 Best Procurement Articles! Procurement is a process that involves obtaining and accepting terms and getting goods or services from an outside source. In other words, procurement is deciding to buy under conditions of less availability. Outdated Procurement Rules And Processes.

Manufacturing Procurement 90

Manufacturing Procurement Procurement Solutions Procurement Purchasing Skills 90

Supply Chain Shaman

APRIL 18, 2023

The global supply chain is built on three assumptions: rational government policy, availability of reasonably priced logistics, and low variability. In the face of variability, this is two-to-six weeks too long to make allocation or procurement decisions. The traditional leader values cost reduction but is blind on how to value time.

Supply Chain Planning Software 374

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 374

Shipchain

NOVEMBER 8, 2018

Fraud in logistics is a major problem. Fraud in Logistics and Supply Chain s Is Rampant. Any solution to the problem of fraud in logistics must find a way to tackle all of these issues at once. The opportunity to reduce fraud in logistics and supply chain management will require a diverse population within the blockchain.

Resource Reduction 91

Resource Reduction Waste Reduction Vendor Strategies Material Savings 91

The Logistics of Logistics

JANUARY 11, 2023

Expertise in operations, LTL pricing and procurement, flatbed operations, dry van, tracking and tracing, reality tv shows and how to turn a stranger into your new best friend. FreightWaves.com, the company’s news site, is the leading provider of news and commentary for the transportation and logistics space.

Analytics Software 191

Analytics Software Logistics Network Optimization Software Freight Rail Software 191

SCMDOJO

MARCH 19, 2024

While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc. Watch What is Marketing Procurement? Logistics Logistics involves managing the transportation and delivery of goods.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

ShipBob

SEPTEMBER 29, 2021

These are all forms of retail logistics. From managing inventory flow to ensuring that customers receive shipments on time, retail logistics streamlines the different stages of your ecommerce supply chain to keep your business running smoothly. What are retail logistics? COVID’s impact on retail logistics.

Optimal Sourcing 52

Optimal Sourcing Logistics Network Optimization Software Optimization Software Inventory Management Software 52

Supply Chain Game Changer

FEBRUARY 11, 2021

But few people really understand what it is, how it works and more importantly, why it is so important to Procurement. This paper seeks to answer those questions and specifically address its benefits to the Procurement process by addressing the following checklist: Checklist. What is Artificial Intelligence or AI?

Procurement 93

Procurement Modeling Software Analytics Software Supply Chain Network Software 93

Supply Chain Opz

MAY 1, 2018

Are you a beginner and you want to learn about each logistics function? We will show you 5 logistics books that will help you learn faster than any other books. Why is Logistics a Good Career? In the United States, the median wages for a Logistics Manager is around $90,000 annually.

Logistics Network Optimization Software 100

Logistics Network Optimization Software Optimal Sourcing Logistics Material Savings 100

Unleashed

AUGUST 20, 2023

Here we break down what lead time is, the types of lead times in supply chain management , the factors that affect lead time, and how to shorten lead times to provide a better customer experience. It includes everything from the procurement of raw materials to production, inventory management, and shipping. Let’s dive in.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

NC State SCRC

MAY 30, 2022

The report was published in the last month, and reflects some of the increasing challenges and disparities that exist between procurement and supply chain executives. One of the problems that often emerges in organizations is not only misalignment between procurement and supply chain, but also between senior executives and their managers.

Supply Chain Execution 98

Supply Chain Execution Procurement Analytics Procurement Solutions Optimal Sourcing 98

Jaggaer

APRIL 22, 2019

Earth Day (April 22nd) is a celebration of commitment to creating a safer, healthier and cleaner world, making it a natural time to reflect on the power and value of sustainable procurement programs. Procurement at the pivot point. Clear steps to sustainable procurement.

Manufacturing Procurement 91

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 91

Logistics Viewpoints

JULY 26, 2022

Due to this awareness, freight sourcing is receiving increased interest from shippers. But freight sourcing has limitations as it has been done for the past four decades. To gain a competitive advantage, savvy supply chain professionals are digitizing their processes, from the very beginning, freight sourcing.

Optimal Sourcing 237

Optimal Sourcing Supply Chain Design Software Sourcing Strategies Cost Reduction Strategies 237

Logistics Viewpoints

APRIL 3, 2023

This is combined with data from external sources on weather, logistics lead times, and sustainability performance. They are designed to have minimal impact on the performance of the underlying source systems. Aera Technology is showing me how mistaken I was. appeared first on Logistics Viewpoints.

Supply Chain Planning Software 251

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 251

Talking Logistics

APRIL 29, 2015

Omni-channel is transforming retail transportation’s supply chain and logistics processes. Unfortunately, many retailers are jumping in without a plan — that is, they are taking a short-term, silo’ed approach to transportation sourcing and execution, and as a result, are failing to meet their desired outcomes.

Sourcing Strategies 100

Sourcing Strategies Sourcing Transportation Cost Reduction Strategies 100

Enterra Insights

AUGUST 2, 2019

Sun Tzu, the famous Chinese general, military strategist, writer, and philosopher who lived in the 6th century BC, wrote, “The line between disorder and order lies in logistics.” He was hired as a purchasing agent and was directed to obtain some procurement training at a local certificate mill.[1]

Optimal Sourcing 100

Optimal Sourcing Manufacturing Procurement Logistics Network Optimization Software Logistics 100

GlobalTranz

APRIL 30, 2021

While the world is ready for a strong return to economic and logistics stability, there’s another risk on the horizon. The best way to avoid disruption is to source and have readily available resources to expand capacity at a moment’s notice. Also known as the CVSA roadcheck, it spans three days. The overwhelming answer is “yes.”

Resource Reduction 297

Resource Reduction Waste Reduction Capacity Supply Chain Design Software 297

Supply Chain Game Changer

FEBRUARY 16, 2020

How To Differentiate With A Supplier Relationship Management (SRM) Program! Looking back on the training process, our research, strategy, implementation and evaluation methods closely mirrored supplier relationship management and procurement management. In 1995 IKEA faced an organizational shift in purchasing and sourcing methodology.

Optimal Sourcing 54

Optimal Sourcing Procurement Purchasing Skills Pricing Training 54

Supply Chain Game Changer

DECEMBER 10, 2020

Product Sourcing Agent article and permission to publish here provided by Joyce Chen at Epic Sourcing. Your manufacturer is the backbone of your company; it regulates your inventory, which determines how consumers perceive and communicate with you. Sourcing agents are an effective way of finding the most suitable supplier.

Manufacturing Procurement 53

Manufacturing Procurement Sourcing Strategies Sourcing Negotiating Skills 53

Supply Chain Movement

AUGUST 18, 2016

3rd CEE Procurement & Supply Forum. Global sourcing and sourcing in Central-Eastern Europe (CEE) has long been state of the art for international companies. How to effectively identify and benefit from these potentials will be the main focus of the 3rd CEE Procurement & Supply Forum. Date: 19 October, 2016.

Optimal Sourcing 60

Optimal Sourcing Czech Republic Procurement Modeling 60

Supply Chain Shaman

SEPTEMBER 27, 2021

Too few companies have a holistic approach to embrace the plan, make, source, and deliver together. The problem with supplier visibility is bookended into procurement processes that have gone back, not forward over the last decade. Survey existing suppliers, third-party logistics providers and customers.

Supply Chain Planning Software 321

Supply Chain Planning Software Sourcing Strategies Manufacturing Procurement Supply Chain Design Software 321

Logistics Viewpoints

SEPTEMBER 7, 2022

Within this discipline, one of the toughest challenges is how to get visibility to problems arising across the extended supply network. Kevin Nelson, a chief procurement officer and senior vice president at BD, agreed to be interviewed on this topic. Procurement managers need to focus on more than just saving money.

Supply Chain Visibility 205

Supply Chain Visibility Supply Chain Software Optimal Sourcing Procurement Solutions 205

Supply Chain Shaman

NOVEMBER 21, 2022

While optimization continues to be deeper and more valuable, organizations aren’t clear on desired outcomes and how to make functional trade-offs. The perspective of a manufacturing leader is quite different than that of a business leader in logistics. “ Reflection. As shown in Figure 1, the reporting relationships vary.

Supply Chain Planning Software 288

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 288

Talking Logistics

JULY 27, 2022

At a recent industry conference, a shipper asked me many questions about transportation procurement, such as, “How do you best determine how long and how often to have transportation sourcing events?” Read more Why Benchmarking is the First Step to a Successful Freight Procurement Event. The good news.

Benchmarking 190

Benchmarking Procurement Freight Conference 190

AFFLINK

MARCH 1, 2019

Implementing an omnichannel supply chain involves the shifting of logistics management to accommodate new sources of sales. Companies that pursue omnichannel selling initiatives need to sync sales and marketing with IT, procurement, and transportation. What Does It Mean to Implement an Omnichannel Supply Chain?

Omnichannel 59

Omnichannel Optimal Sourcing Logistics Network Optimization Software Supply Chain Design Software 59

EC Sourcing Group

OCTOBER 26, 2021

However, the use of information technology in supply chain management has streamlined the world of procurement and purchasing through supply chain management, cloud software, and other types of IT that help boost supply chain efficiency. How to Use Information Technology in Supply Chain Management: Supply Chain Software Features.

Supply Chain Software 52

Supply Chain Software Logistics Network Optimization Software Inventory Management Software Analytics Software 52

EC Sourcing Group

NOVEMBER 17, 2020

When you’re trying to control the entire procurement process within the supply chain, you want to make sure that you have the best software for your needs at your side so that everyone—you, vendors, and suppliers, are getting their needs met within the supply chain. Procure-to-pay operations. Thus, you’ll see a lot of: eSourcing tools.

Procurement Solutions 52

Procurement Solutions Supply Chain Software Supply Chain Planning Software Forecasting Software 52

Supply Chain Game Changer

FEBRUARY 3, 2022

Another way to meet the medical technology challenge of improving transparency in the supply chain is through the implementation of its Product Information Management (PIM) system and platform across the company’s sourcing, procurement, manufacturing, packaging, sales, and distribution workflows processes.

Supply Chain Design Software 85

Supply Chain Design Software Supply Chain Software Manufacturing Procurement Supply Chain Design 85

Supply Chain Opz

APRIL 1, 2018

Are you looking for logistics management books? In this article, we will show you 5 books that'll help you learn logistics faster than any other logistics book. Do You Need a Logistics Book? In the United States, the median wage for a Logistics Manager is around $70,000 annually. The links below are paid links.

Logistics Network Optimization Software 100

Logistics Network Optimization Software Optimal Sourcing Material Savings Inventory Reduction 100

Supply Chain Shaman

NOVEMBER 11, 2020

The discipline, first defined in 1982, includes source, make, deliver, and planning functions. As a result, organizations struggle with how to move forward. His struggle is how to make data discovery, mining, and wrangling into day-to-day processes. Technology innovation in indirect procurement is not relevant to direct.

Supply Chain Design Software 297

Supply Chain Design Software Procurement Solutions Manufacturing Procurement Supply Chain Planning Software 297