Remove Inventory Remove Metrics Remove Supplier Negotiating
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Agentic AI in Supply Chains: The Future of Decision Making

SCMDOJO

The Role of Agentic AI in Supply Chains Supply chains are dynamic and complex, requiring continuous decision-making across multiple functions, from procurement and inventory management to logistics and demand forecasting. Analyzes supplier performance, market trends, and contract terms.

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Procurement vs. Supply Chain Management: Differences, Challenges & Solutions

ivalua

Here are some key distinctions to make between Procurement vs. Supply Chain Management: Procurement is responsible for identifying suppliers, negotiating contracts, and ensuring cost-effective, compliant purchases. It’s heavily tied to spend management, risk mitigation, and supplier performance.

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Cost Performance Index (CPI): What is it and How to Calculate it?

SCMDOJO

The Cost Performance Index (CPI) is a financial efficiency metric used to measure cost performance in projects and operational activities. indicates cost inefficiency, signaling a need for supplier negotiations or alternative sourcing strategies. al, negotiating better rates , or consolidating shipments. A CPI of 0.83

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AI in procurement: Applications, Challenges, and Mitigation Strategies

Precoro

AI can process large amounts of historical supplier performance data across multiple metrics, allowing procurement teams to make more informed, data-driven decisions instead of relying solely on anecdotal evidence or subjective evaluations. Detecting unusual or fraudulent behavior patterns in supplier transactions.

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Procurement Category Management: Step-by-Step Guide with Examples

Precoro

Therefore, traditional sourcing is often reactive: a procurement manager reviews a purchase request , finds a supplier, negotiates terms, and moves on. In healthcare , the focus is often on compliance, traceability, and supplier qualifications. The result is fewer rush orders, smaller inventories, and lower total costs.

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Procurement Cost Reduction: How to Cut Costs Without Cutting Corners

Precoro

Achieved through strategies like long-term contracts and improved supplier negotiations. Consider ways to make it easier for employees to use negotiated procurement contracts and purchase from vetted vendors that offer favorable prices. After negotiating with a new supplier, the price drops to $45 per unit.

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10 supply chain KPIs and metrics to track

Taulia

Blog Expert Advice 8 min read 12 Jun 2023 By Taulia Share: Share via linkedin Share via twitter Share via facebook Share via email Copied Copy page URL to clipboard 10 supply chain KPIs and metrics to track We’ve listed the 10 top supply chain KPIs you can use to measure your supply chain performance and find opportunities for optimization.