Precoro

NOVEMBER 13, 2023

Financial efficiency, cost savings, and profitability undoubtedly fall under the main priorities of upper management, regardless of a company’s industry. However, only 30% of CPOs claim they have achieved their cost-saving targets in 2023. Why Is Purchase Price Variance Important?

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. At the heart of it all, an effective procurement strategy remains paramount.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

OptiProERP

DECEMBER 18, 2023

Procurement and purchasing are terms interchangeably used in manufacturing but are distinct activities. In this blog, we will see how purchasing and procurement differ. From invoicing, making payments, and managing suppliers, procurement saves time while building positive supplier relationships.

Manufacturing Procurement 52

Manufacturing Procurement Purchasing Skills Procurement Solutions Negotiating Skills 52

SCMDOJO

MARCH 19, 2024

In essence, a structured supply chain department as described in the blog can help you deliver the right supply chain strategy and goals which helps cost reduction, improve customer service, on-time delivery, and better working capital. Watch What is Marketing Procurement? on our SCMDOJO YouTube Channel!

Optimal Sourcing 76

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 76

Precoro

JULY 16, 2023

Thought-out practices and well-managed workflows within the purchasing department are crucial for making sure that the company has the necessary resources available at the right time and at a reasonable cost. We have selected 5 fundamental KPIs that purchasing managers should consider.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

ivalua

NOVEMBER 3, 2021

Acting as a complementary partner to their suppliers, Procurement is a central target and strategic function for Ahlsell. One of the early objectives of Procurement was to optimize tail supplier management. Tail suppliers are typically low-volume suppliers, often not under contract and with non-standard pricing.

Optimal Sourcing 130

Optimal Sourcing Procurement Solutions Negotiating Skills Negotiate Pricing 130

SCMDOJO

APRIL 29, 2024

Sign Up for SCMDOJO Pro Membership Importance of Effective Supply Chain Management Supply chain management is not just about moving products from point A to point B – it’s a strategic approach that encompasses the entire network of processes involved in delivering goods and services to customers.

Supply Chain Planning Software 67

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Supply Chain Software 67

Supply Chain Game Changer

OCTOBER 29, 2020

Do You Have Hidden Freight Costs? Freight sourcing team article and permission to publish here provided by Katharine Barrios at xeneta.com. Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. Market Knowledge. Subscribe Here!

Sourcing Strategies 75

Sourcing Strategies Negotiating Skills Optimal Sourcing Negotiate Pricing 75

Precoro

JULY 8, 2022

One should keep in mind that every transaction has an additional hidden cost in labor and overheads, such as the time spent sourcing products, tracking deliveries, matching invoices, and overseeing suppliers. It’s a senior role that implies strong knowledge of finances, business administration and law, and industry trends.

Purchasing Skills 98

Purchasing Skills Manufacturing Procurement Negotiating Skills Procurement Solutions 98

EC Sourcing Group

AUGUST 31, 2021

Top 5 Sourcing and Procurement Techniques. With sourcing and procurement , a solid strategy is essential to ensure that your ROI is strong, your relationships with your suppliers are doing well, and that your team appropriately supports your stakeholders and company’s overall goals andobjectives. .

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Sourcing Procurement 52

OptiProERP

MAY 18, 2023

So what is procurement? Procurement is acquiring goods, services, or works from an external source. It involves sourcing, negotiation, ordering, delivery, and payment for goods or services. What Are the Types of Procurement?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

Jaggaer

FEBRUARY 18, 2020

Strategic Supplier Management. Supplier management has become increasingly cross-functional – various stakeholders outside of procurement will have a say for many more categories, requiring collaboration, knowledge sharing and complex approval processes; and. Strategizing for a diverse range of suppliers.

Negotiating Skills 103

Negotiating Skills Negotiate Pricing Manufacturing Procurement Purchasing Skills 103

SCMDOJO

AUGUST 21, 2023

TikTokers have emerged as a strategic asset for advancing supply chain management, driven by several compelling factors that align seamlessly with the dynamic landscape of the digital age. Moreover, TikTokers possess a refined skill for generating content that resonates authentically with their followers.

Negotiating Skills 97

Negotiating Skills Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing 97

Precoro

MAY 22, 2023

This process, known as IT procurement, requires comprehensive steps with clear objectives and vendor selection criteria to ensure that technology investments align with business goals and yield a return on investment (ROI). This article encompasses the best practices for planning and executing successful IT procurement strategies.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

Ware2Go

JANUARY 7, 2022

Recent supply chain disruptions , including images of cargo ships stuck off the West Coast , have led eCommerce shops to rethink their just-in-time and just-in-case inventory strategies. . In a November survey , 87% of merchants shared that they already were affected by increased freight costs. What is just-in-time procurement?

Just-in-Time 98

Just-in-Time Optimal Sourcing Manufacturing Procurement Supply Chain Disruption 98

Locus

JUNE 3, 2022

Source: Statista.com. Transportation was redirected to be used in providing first aid, leading to supply chain bottlenecks, shortages and price hikes. This was followed by heavy rainfall that flooded which caused lumber companies to scale back production, leading to a rise in the prices of wooden products in the United States.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Purchasing Skills Optimal Sourcing 52

EC Sourcing Group

JULY 26, 2022

These diagnostic analyses help businesses predict market trends, optimize global supply chains, to make quicker, strategic decisions to pursue financial opportunities. Read on to better understand of advanced analytics, their benefits, and how they will improve your sourcing outcomes. Lowers costs and oversee production.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Predictive Analytics Sourcing Strategies 52

LevaData

MARCH 16, 2023

According to a recent news report for DigiTimes , Intel will cut prices of its CPUs by 20%, not long after deciding to raise those prices in Q4 2022. This is an eye-opening example of volatility and how market pricing keeps shifting in these uncertain times. Now more than ever, companies need a real-time pricing platform.

Negotiate Pricing 52

Negotiate Pricing Negotiating Skills Real-time Visibility Price Reduction 52

Logistics Viewpoints

FEBRUARY 26, 2024

Cooper successfully coped with the crisis, but the high costs they had to pay for critical supplies and the late nights searching for those supplies convinced the organization that there had to be a better way. But there was a cost to this. It required “being up all night on the phone with people around the world.

Supply Chain Planning Software 249

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Pharmaceutical 249

SCMDOJO

MARCH 25, 2024

As businesses continue to globalize and markets become increasingly interconnected, the demand for skilled supply chain professionals is rising. Pursuing a degree in these areas will equip you with the fundamental knowledge of supply chain principles, such as procurement, inventory management, logistics, and operations strategy.

Negotiating Skills 87

Negotiating Skills Supply Chain Software Supply Chain Network Software Analytics Software 87

USC Consulting Group

JANUARY 16, 2019

Marketplace pressures have forced procurement professionals to abandon traditional sourcing practices and implement more responsive strategies designed to promote organizational efficiency, agility and flexibility for growth, not to mention cost reductions. Procurement professionals are no different – and for good reason.

Optimal Sourcing 49

Optimal Sourcing Negotiating Skills Sourcing Strategies Material Savings 49

Taulia

MARCH 2, 2023

Monetary inflation, rising commodity prices, economic turmoil, and fluctuations in demand all have the potential to put a strain on global supply chains. The first step in this optimization is acknowledging the importance of a more strategic approach to supply chain planning and management. What is supply chain strategy?

Negotiating Skills 52

Negotiating Skills Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

Unleashed

FEBRUARY 14, 2024

Finished goods inventory are products that have been through the manufacturing process and are now ready for sale. Managing finished goods and tracking the costs associated with each of them are essential aspects of manufacturing accounting and stock control. What are finished goods inventory?

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

QAD

JANUARY 19, 2023

Facets of this broad field include demand planning, inventory management, logistics, acquisitions and partner management. Used to cut costs and maximize efficiency, supply chain trends cater to every business. E-commerce brands must oversee design, manufacturing, sourcing, warehouse inventory, shipping and delivery.

Supply Chain Planning Software 93

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 93

SCMDOJO

JANUARY 31, 2024

As companies increasingly recognize the importance of optimizing their supply chains, the demand for skilled professionals in this field is on the rise. These factors include education, certifications, additional skills, and the number of years you have spent in your profession. per hour. .

Supply Chain Design Software 72

Supply Chain Design Software Purchasing Skills Buyer Training Supply Chain Design 72

Logistics Viewpoints

DECEMBER 12, 2022

They source plastic pellets and then use injection, blow molding, rotational molding, and thermoforming to produce their finished products. In September of 2020, the company hired Jeff Baker to be their Vice President of Procurement and Integrated Supply Chain. The fast-growing company generated over $5.5 Mr. Morgan said. “So,

Supply Chain Planning Software 201

Supply Chain Planning Software Supply Chain Planning Procurement Solutions Scenario Planning 201

SCMDOJO

NOVEMBER 17, 2023

We have Courses like S&OP deployment, Supply Chain Digitalization , , and Negotiation in Procurement. Best Practices like Logistics KPI Dashboard , Inventory Optimization Tool , Excess and Obsolete Inventory Guide , etc. Regardless of how you find your way, a supply chain career offers unique advantages.

Supply Chain Planning Software 72

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Negotiating Skills 72

GlobalTranz

SEPTEMBER 23, 2021

Such congestion naturally leads to bottlenecks in planning drayage and eventual increases in the total cost of shipping, not to mention an added strain on trucking as the bottlenecks grow.? . Increasing fuel costs also play into the available capacity woes.? ? on-highway diesel fuel prices are up $0.898 from the end of August 2020.

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

Unleashed

OCTOBER 16, 2023

Raw material inventory management oversees the procurement, handling, and storage of raw materials. It ensures you maintain optimal raw materials inventory levels, and therefore plays a crucial role in optimising your manufacturing processes. In this guide: What is raw material inventory management?

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

SCMDOJO

APRIL 4, 2023

This means tracking everything from customer relations to inventory management, financial investments, transportation and delivery processes, and workflow processes. This leads to significant operational efficiencies, cost savings, and improved customer satisfaction. It is an essential element of supply chain management.

Prescriptive Analytics Software 111

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 111

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

Logility

APRIL 2, 2020

Strengthening a negotiating position. Gaining consensus on strategic relationships. Phone * Company * Job Title * Zip Code * Source Asset Source Download ID. Most often, your measurements will require exceptions to handle strategic suppliers who have special status. Developing suppliers into better partners.

Negotiating Skills 157

Negotiating Skills Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 157

Precoro

NOVEMBER 7, 2022

In order to run a successful business, you need a dedicated procurement team to obtain these essential goods and services, ensure timely delivery, and nurture good relationships with your vendors. Paying for offices, utilities, technology subscriptions, and cleaning services is also part of the procurement team's responsibility.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 52

Ware2Go

JANUARY 7, 2022

Recent supply chain disruptions , including images of cargo ships stuck off the West Coast , have led eCommerce shops to rethink their just-in-time and just-in-case procurement strategies. In a November survey , 87% of merchants shared that they already were affected by increased freight costs. What is just-in-time procurement?

Just-in-Time 52

Just-in-Time Optimal Sourcing Manufacturing Procurement Supply Chain Disruption 52

The Logistics of Logistics

SEPTEMBER 12, 2020

His primary research stream examines firms’ logistics operations, with an emphasis on studying motor carrier safety, productivity, pricing dynamics, and driver turnover. The department educates students to succeed in careers such as procurement, manufacturing, inventory management, warehousing, transportation, and customer service.

Supply Chain Design Software 130

Supply Chain Design Software Negotiate Pricing Negotiating Skills Supply Chain Design 130

LevaData

FEBRUARY 23, 2023

They enjoy significant cost savings, increased part visibility inside of the bill of materials, and improved finished goods predictability. Those still using spreadsheets to manage direct sourcing and rooted in organizational silos will very soon find themselves in a decision abyss. It starts with data.

Optimal Sourcing 52

Optimal Sourcing Negotiating Skills Negotiate Pricing Material Savings 52

Supply Chain Game Changer

AUGUST 6, 2019

Hey Procurement! Procurement. And all of this is managed by Procurement personnel. In What Exactly is Procurement? Now also consider that companies can spend as much as 75% or more of their revenue on the Procurement of goods and services. Yet in many organizations Procurement is not considered strategic.

Optimal Sourcing 48

Optimal Sourcing Purchasing Skills Negotiating Skills Pricing Training 48