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

EC Sourcing Group

NOVEMBER 8, 2023

The procurement world is on the brink of a new era. These innovations aren’t just upgrades—they are game-changers, reshaping the procurement landscape and setting the bar for what’s possible. Here are the five game-changing eSourcing innovations that demand your immediate attention. Why Act Now?

Optimal Sourcing 52

Optimal Sourcing Analytics Software Optimization Software Sourcing Strategies 52

ModusLink Corporation

APRIL 22, 2024

By harnessing the capabilities of a global 3PL partner, companies can unlock new possibilities for efficiency, scalability, and innovation in their electronics assembly processes. Seamless coordination across borders for streamlined supply chain operations. Dynamic inventory optimization to minimize lead times and reduce costs.

Electronics 78

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SYSPRO Smarter ERP

MARCH 2, 2022

To deal with the new challenges in managing and planning the supply chain , the procurement department is one of the functions that should look at changing. It is no longer sufficient for procurement to focus just on supplier costs, placing orders and ensuring goods are received. Risk management.

Optimal Sourcing 116

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ivalua

DECEMBER 14, 2020

In a recent webinar, “ How to Leverage S2P Platforms to Enable Supply Chain Resilience ,” procurement experts from Forrester, Ivalua and Procurement Leaders discussed how digital transformation and the technologies that enable it can help companies mitigate risk and be more agile and resilient.

Procurement Solutions 130

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Proxima

JUNE 5, 2023

It is now relatively safe to say this period has passed – for months now we have been seeing an increase in manufacturing and logistics capacities, as the strategies firms have deployed to counteract supply chain disruption begin to bear fruit. Yet while this is true, it doesn’t much feel like it to the average consumer.

Negotiating Skills 52

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Synovos

FEBRUARY 21, 2023

Importance of Supplier Relationships in Indirect Procurement Challenging times call for closer relationships between organizations and their MRO suppliers Strong and successful indirect procurement strategies depend on strong and successful supplier relationships. Indirect procurement can be somewhat hidden, though.

Optimal Sourcing 52

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ivalua

FEBRUARY 8, 2023

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Why is visibility so important?

Manufacturing Procurement 242

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NC State SCRC

MAY 30, 2022

A new study that the SCRC published with GEP examines the increasing pressure that supply chain executives are getting when it comes to responding to supply chain disruptions. In this study, we explore the primary forms of misalignment that exist between supply chain and procurement executives. (We

Supply Chain Execution 98

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Arena Solutions

JUNE 6, 2023

XTROPOLIS: AN IMMERSIVE AT-HOME GLIMPSE INTO PRODUCT INNOVATION For the duration of LiveWorx, attendees had the opportunity to explore the Xtropolis exhibit floor. XTROPOLIS: AN IMMERSIVE AT-HOME GLIMPSE INTO PRODUCT INNOVATION For the duration of LiveWorx, attendees had the opportunity to explore the Xtropolis exhibit floor.

Supply Chain Design Software 84

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The Logistics of Logistics

MAY 26, 2023

Headquartered in Fremont, CA, USA, its teams of technology engineers and supply chain specialists operate globally from 19 locations. ALOM aims to bring competitive advantage to customer brands through operational excellence, innovative technology, and quality management practices.

Supply Chain Design Software 205

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Precoro

MARCH 31, 2023

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

Optimal Sourcing 52

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ivalua

DECEMBER 21, 2021

Together with its strategic partner Optis Consulting, Ivalua’s solution has digitally enabled FCL’s policies and processes for core procurement activities, including sourcing and contract management. About Federated Co-operatives Limited and the Co-operative Retailing System. For more information, visit www.tealbook.com.

Manufacturing Procurement 130

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ivalua

APRIL 27, 2023

A recent webinar hosted by Supply Chain Now, “Balancing Cost, Risk and Sustainability in the Midst of Uncertainty, ” took an in-depth look on what it takes to transform Procurement into a highly efficient function that supports these key initiatives. She also explained how Ivalua was instrumental in making that happen.

Optimal Sourcing 130

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ivalua

APRIL 27, 2023

A recent webinar hosted by Supply Chain Now, “Balancing Cost, Risk and Sustainability in the Midst of Uncertainty, ” took an in-depth look on what it takes to transform Procurement into a highly efficient function that supports these key initiatives. She also explained how Ivalua was instrumental in making that happen.

Cost Reduction Strategies 130

Cost Reduction Strategies Sustainability Optimal Sourcing Sourcing Strategies 130

Precoro

DECEMBER 11, 2023

As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased. Strategic sourcing involves the meticulous evaluation of suppliers and the overall procurement process to extract maximum value from both. Create a purchasing process.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Claritum

NOVEMBER 23, 2020

Claritum’s top ten 2021 predictions for Procurement. To combat issues of trading during significant supply chain disruptions. Medium sized organisations will use procurement automation and buyer portals in the cloud, to address concerns of spend management, remote working and data security.

Predictive Analytics Software 41

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ivalua

JUNE 1, 2022

Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed by Philip Ideson from Art of Procurement to discuss the impact of the Covid-19 pandemic on Procurement. When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity.

Supply Chain Planning Software 130

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Logistics Viewpoints

JANUARY 12, 2022

Living and working in this area provides me with the opportunity to schedule site visits at many of these innovative firms. Most recently, I visited the Berkshire Grey (BG) corporate office for an in-depth discussion about the company’s business, followed by a tour of the Berkshire Grey Innovation Center.

Optimal Sourcing 296

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GlobalTranz

OCTOBER 6, 2021

OTR freight represents a long-standing aspect of supply chain operations and transportation management. M odern transportation networks and supply chains continuously adapt to market volatility and transitions. Reducing Reliance on Outdated Systems and Technology .

Prescriptive Analytics Software 216

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ivalua

MARCH 16, 2021

Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed in late 2020 by Philip Ideson from Art of Procurement. When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity. Why is visibility so important?

Manufacturing Procurement 130

Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software 130

Resilinc

DECEMBER 5, 2023

Shahzaib Khan discusses Resilinc’s journey toward AI-driven supply chain excellence From its early inception in the 60s’ to its increasingly available public access, artificial intelligence (AI) has come a long way. Enter the future of AI in supply chain.

Supply Chain Risk Management 75

Supply Chain Risk Management Risk Management Modeling Agile and Lean Supply Chain 75

Enterra Insights

OCTOBER 26, 2023

I’m not implying that efficiency no longer matters — it obviously does — but a disrupted supply chain can’t be efficient. According to analysts from the Boston Consulting Group (BCG), supply chain disruptions are likely to outpace resilience.”[1] Here’s the rub. 4] Rashid, op.

Supply Chain Planning Software 130

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Taulia

JANUARY 19, 2021

In the last 12 months, procurement teams have evolved rapidly while adapting to the new landscape. In 2021, companies will need to look more closely than ever at how to increase the resilience of their supply chains and reduce the risk of future disruption. Review existing suppliers to assess their financial stability.

Procurement 52

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Synovos

FEBRUARY 21, 2023

The report, based on a global survey of indirect procurement professionals, reveals that 82% of respondents regard inflation as a major challenge over the next 12 months. Build Strong Relationships with Suppliers What tactics can indirect procurement professionals use to help them manage these various crises?

Supply Chain Software 52

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Enterra Insights

DECEMBER 21, 2021

He writes, “Global supply chains were clearly in trouble before COVID-19 arrived on the scene, but when it did, the weakness of our time-honored strategies for procurement, production and delivery became shockingly evident. To paraphrase an old maxim, then, necessity breeds innovation.”[2] Footnotes. [1]

Supply Chain Transformation 130

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SCMDOJO

OCTOBER 27, 2023

Supplier negotiation is the most critical skill in the world of procurement. It requires an in-depth knowledge of procurement processes to be able to bring the supplier on a mutual agreement. The following are common types of negotiation in procurement: 1. These risks may include supply chain disruptions and quality issues.

Negotiate Pricing 88

Negotiate Pricing Negotiating Skills Pricing Training Purchasing Training 88

HICX Solutions

JANUARY 6, 2023

Now that a few weeks have passed and we’ve gotten to know the HICX team even better, I thought I’d share some comments on why we invested; why we believe procure-tech is an exciting space and why supplier experience in particular has the potential to be a transformational movement. Supply chain disruptions were everywhere.

Manufacturing Procurement 52

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ivalua

MAY 7, 2020

We had scientifically proven methods to prevent supply chain disruptions: safety stock, TQM, and optimization to name a few. 89% of respondents judged to be “Innovative Performers” believed their organization was “effective” or “very effective” at leveraging these technologies. But this crisis, like all others, will end.

Optimal Sourcing 130

Optimal Sourcing Manufacturing Procurement Japan South Korea 130

ToolsGroup

JUNE 15, 2021

Polaris, which manufactures a wide range of vehicles including motorcycles, snowmobiles, ATVs, and agricultural vehicles, deployed ToolsGroup’s supply chain planning software to optimize spare parts inventory in its complex European distribution network against the high target service levels that its customers expect. About Polaris.

ToolsGroup 120

ToolsGroup Optimal Sourcing Supply Chain Planning Software Supply and Demand 120

GlobalTranz

SEPTEMBER 23, 2021

A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. OTR freight represents a long-standing aspect of supply chain operations and transportation management. As the industry evolves and innovations improve, OTR freight management technologies offer?? As highlighted by?

Prescriptive Analytics Software 308

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ivalua

SEPTEMBER 19, 2022

years and companies can expect to lose 42% of one year’s EBITDA every decade due to supply chain disruptions. Herculean efforts by Procurement and Supply Chain departments to keep supplies flowing have prevented even more extreme disruptions than what we’ve experienced, but have inadvertently created additional risks. .

Supply Chain Risk Management 130

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Logility

NOVEMBER 28, 2023

However, this critical supply chain process has been under enormous stress lately from departmental silos, complex trading partner networks, and geopolitical turmoil. Meanwhile, planners skilled to handle these challenges are in short supply – especially as supply chain leaders retire in record numbers.

S&OP 130

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Turvo

JULY 15, 2021

This generally gets referred to as trucking capacity, and it remains one of the most critical aspects of dealing with supply chain disruptions. Even worse, certain parts of the network, like cold chain transport, can have a “run” on capacity during times of high disruption or demand. .

Capacity 97

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The Logistics & Supply Chain Management Society

AUGUST 19, 2022

Seen optimistically, this challenging trade environment is a catalyst for a slew of innovative measures and creative tactics to mitigate tariff costs – although one could argue that supply chain optimization from a cost and performance perspective is something that firms should already be doing on an ongoing basis.

Cost Reduction Strategies 245

Cost Reduction Strategies Material Savings Inventory Reduction Vendor Strategies 245

HICX Solutions

JUNE 28, 2022

Andrea noted three areas that require specific attention from Procurement leaders today: Data and visibility. Due to the levels of disruption and future anticipated disruption, it is imperative that procurement functions can act with speed. Facilitation of innovation. Procurement in the age of VUCA.

Agile and Lean Supply Chain 52

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BlueYonder

OCTOBER 4, 2022

Supply Chain Disruption. In a series of blog articles, the Product/Solution Marketing team explores innovative solutions to guard against supply chain disruptions. Unfortunately, what we’re seeing in China may be only the beginning of a new era of supply chain disruption driven by climate change.

Optimal Sourcing 81

Optimal Sourcing Supply Chain Planning Software Sourcing Modeling 81