Logistics Viewpoints

MAY 26, 2023

Target’s inventories at the end of the last quarter were 16 percent lower than the same period a year ago and Walmart cut inventories in its U.S. Inventories at U.S. Serota said that both sides are “spending a lot of time at the negotiating table, and I am optimistic we will hear good news soon”.

Negotiating Skills 278

Negotiating Skills Pricing Training Jordan Purchasing Training 278

Supply Chain Shaman

JUNE 29, 2022

Concurrent macro forces–material shortages, war, shifts in consumer buying patterns, logistics constraints, inflation/recession, and climate change– are reshaping today’s reality necessitating the need for a supply chain reset button. The impact varies by supply chain sector and value chain. These are our weakest links.

Supply Chain Design Software 261

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Pricing Training 261

Precoro

JULY 16, 2023

The purchasing department plays a critical role in the success of an organization. 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.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

Supply Chain Game Changer

JANUARY 5, 2021

Purchase Price Variance, or PPV, is a common term in the realm of Purchasing/Procurement and Finance. In my experience proactive, attentive, and detailed Purchase Price Variance (PPV) can make an incredible contribution to the profitability of a company. What is Purchase Price Variance (PPV)?

Pricing Training 82

Pricing Training Purchasing Skills Purchasing Training Negotiating Skills 82

SCMDOJO

APRIL 11, 2025

Is inventory bloating your costs? A scorecard acts as your dashboard, providing crucial visibility that helps you: Make Data-Driven Decisions: Replace guesswork with facts when evaluating suppliers, processes, and inventory levels. Improve Efficiency: Understand process timelines and inventory holding to streamline operations.

Pricing Training 57

Pricing Training Negotiating Skills Purchasing Skills Optimal Sourcing 57

Logistics Viewpoints

JUNE 1, 2023

The Russian invasion of Ukraine and the following economic sanctions spiked energy prices and created new sourcing challenges for certain agricultural products and raw materials. This means they are more likely to focus on value and affordability and change their priorities and brand preferences when making purchases.

Supply Chain Planning Software 277

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 277

Enchange Supply Chain Consultancy

JUNE 19, 2024

Customer Preferences: Analyse customer behaviour, preferences, and buying patterns. Understanding cost to serve is critical before commencing distributor negotiations. Understand their market positioning, pricing, and promotional tactics. Identify key customer segments and their specific needs.

Negotiating Skills 260

Negotiating Skills Supply Chain Planning Software Resource Reduction Analytics Software 260

Jaggaer

FEBRUARY 5, 2025

When assessing bids following an eAuction, the process typically involves a combination of automated tools and human decision-making, especially when evaluating factors beyond just price. Since reverse auctions focus heavily on price competitiveness, this can be easily done with sourcing software tools.

Sourcing Strategies 52

Sourcing Strategies Negotiating Skills Optimal Sourcing Price Reduction 52

Procurement Academy

APRIL 24, 2025

Procurement professionals focus on sourcing goods and services, negotiating with suppliers, and managing contracts. It involves sourcing the right suppliers, managing tenders, negotiating contracts, and ensuring value for money. It includes procurement but also spans logistics, production, inventory management, and distribution.

Optimal Sourcing 52

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

Supply Chain Shaman

JANUARY 9, 2024

An average margin of 21% with inventory turns of 1.58 As shown in Figure B, the company improved cash-to-cash through the extension of payables, but never improved inventory levels after the spin-off from Kraft. Typically, the inventory values used in the triangle are safety stock. Struggling, they are not sure what to do next.

Supply Chain Planning Software 388

Supply Chain Planning Software Pharmaceutical Supply Chain Planning Gartner 388

Supply Chain Shaman

DECEMBER 17, 2018

They saw a steady drop in inventory and reduced working capital by about 50% over the period of 2011-2015. Impact of Demand Sensing on Inventory Levels. Over this period of 2013-2014 Shell made good progress on inventory, but faced unprecedented supply price volatility. The implementation was very successful.

Demand Planning Software 323

Demand Planning Software Supply and Demand Supply Chain Planning Software Supply Chain Design Software 323

Supply Chain Shaman

SEPTEMBER 28, 2012

Or contracts and negotiations. Most companies have made their own organizations more efficient (ROA), but they have not reduced inventories and they have pushed costs back in the supply chain on suppliers that are less able to bear them. We have let buy- and sell-side transactional relationships erode value.

Pricing Training 262

Pricing Training Supply Chain Design Software Waste Reduction Purchasing Training 262

Bristlecone

JANUARY 8, 2025

AI/ML algorithms analyze data to provide actionable recommendations, such as increasing production capacity, reallocating inventory, reducing prices, or switching suppliers and 3PL service providers. The business carried too much inventory about $6 B, which led to much waste through product obsolescence.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Software 98

Supply Chain Shaman

APRIL 1, 2015

In parallel, I have been hard at work on a report on multi-tier inventory optimization for the last two weeks. In the research for my inventory optimization report, the lowest level of satisfaction with multi-tier inventory optimization is with clients of the SAP inventory solution (previously purchased from SmartOps).

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Network Design Software Optimization Software 150

Precoro

OCTOBER 6, 2022

Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. Thorough analysis allows procurement professionals to surface, visualize, and present purchasing patterns, which are then evaluated by the stakeholders. From whom are we buying?

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 98

Supply Chain Shaman

FEBRUARY 16, 2024

The translation of ripple effects of short supply, pricing, quality issues, and freight shifts affects how to source, make, and deliver processes should align. Sadly I observed that as the training and knowledge sharing over the last two decades became more available, it was also less valuable as the supply chain became more mainstream.

Supply Chain Planning Software 418

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 418

Supply Chain Opz

NOVEMBER 9, 2014

Reducing lead times from suppliers can help turn inventory faster, freeing up cash and ultimately satisfying customers. Risk pooling is considered the most important concept in supply chain management as it governs the tradeoffs in inventory management and leads to effective strategies such as push/pull and postponement.

Waste Reduction 274

Waste Reduction Supply Chain Planning Software Cost Reduction Strategies Inventory Reduction 274

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Adequate cross training is not occurring fast enough to fill the gap. Forced to implement protective measures through the pandemic, some companies increased overhead by stock piling inventory which negatively affects both cash flow and profits. Manufacturers can use forecasting to support inventory optimization.

Forecasting 105

Forecasting Forecasting Software Inventory Management Software Supply Chain Planning Software 105

Precoro

DECEMBER 11, 2023

The dynamic landscape of modern business comes with increasing product variety and volatile prices, making it more important than ever to stay competitive on the market. As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Supply Chain Game Changer

SEPTEMBER 29, 2020

Featuring Our 10 Best Inventory Management Articles! Inventory management is a critical area for most companies. Too much inventory, especially the wrong inventory, can negatively impact cash flow, return on investment, customer satisfaction, and profitability. Order our EBOOK HERE. A Process Based Approach.

Inventory Reduction 90

Inventory Reduction Optimal Sourcing Pricing Training Inventory 90

SCMDOJO

SEPTEMBER 18, 2023

Here is a list of some common procurement synonyms: Sourcing Acquisition Purchasing Buying Procuring Acquiring Obtaining Securing Obtaining Stocking Resourcing Attaining Gaining Fetching Obtaining Now let’s get into the meanings of some of these synonyms for procurement: 1.

Negotiating Skills 105

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 105

Unleashed

OCTOBER 12, 2022

In this ERP pricing guide: Quick recap: What is ERP? All critical business systems can be integrated by ERP, from payroll and HR to inventory management, customer relationship management, purchasing, sales, shipping and more. Inventory management. – Training. How much of a deal you can negotiate.

Purchasing Skills 98

Purchasing Skills Negotiating Skills Inventory Management Software Pricing Training 98

Enterra Insights

JANUARY 6, 2022

turn to the technology for a wider range of operations, from inventory management to more personalized online search and shopping.”[3] Mandel notes, “E-commerce sites use pricing optimization techniques to woo customers. The prices are clearly labeled on the ESLs, and will scan correctly at the checkout lane.”

Retail 173

Retail Optimal Sourcing Optimization Software Analytics Software 173

Logistics Viewpoints

JUNE 3, 2022

The astronomical price of diesel is making everything more expensive. Ship brokers and consultants estimate about 12 percent of the world’s boxships are stuck outside congested ports for weeks longer than normal, and inland distribution—especially in the US—is still hampered by a lack of trains, truck drivers and limited warehousing space.

Logistics Network Optimization Software 289

Logistics Network Optimization Software Oakland Logistics Pricing Training 289

Precoro

FEBRUARY 26, 2025

Within this setup, an ERP procurement module helps companies make purchases and manage suppliers. It helps manage purchasing, supplier relationships, and order processing while integrating procurement with finance, inventory, and other core business functions.

Procurement Solutions 45

Procurement Solutions Optimal Sourcing Procurement Analytics Manufacturing Procurement 45

Supply Chain Shaman

JULY 22, 2013

Train and align the team. Use technologies like IBM (Logictools), JDA (i2 Strategist), Llamasoft, and Logility (Optiant) to design inventory buffers and determine the right form and function of inventory. Most contracts that are negotiated with suppliers are not actively used in the management of the supply chain.

Supply and Demand 236

Supply and Demand Supply Chain Design Software Modeling Supply Chain Planning Software 236

Supply Chain Shaman

AUGUST 14, 2016

The network senses, translates, and orchestrates market changes (buy- and sell-side markets) bidirectionally with near real-time data to align sell, deliver, make and sourcing organizations outside-in. The focus is on channel data: price; inventory positions; and policies. Customer-Centric Supply Chain Processes. Cost-to-Serve.

Material Savings 247

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 247

Logistics Viewpoints

FEBRUARY 17, 2022

In the case of this retailer, all its major operational aspects – such as directed put away, replenishment, and inventory management – were running just fine. Improved inventory management capabilities. Chances are, if you purchased your WMS more than 10 years ago, your software may not be supported any longer.

Optimization Software 278

Optimization Software Supply Chain Design Software Price Mitigation Strategies Supply Chain Planning Software 278

Talking Logistics

JUNE 15, 2018

Those three companies are investing significant money and resources to transform their distribution networks, which were originally designed to flow truckloads of products from large distribution centers to stores but are now becoming outdated in this new market where speed of delivery and inventory reduction are paramount. No small talk.

Pricing Training 124

Pricing Training Purchasing Training Negotiating Skills Logistics Network Optimization Software 124

Logistics Viewpoints

JANUARY 12, 2024

between December 15th and December 25th, Momentum Commerce found that the share of products with an “Arrives after Christmas” tag in Amazon’s Buy Box in 2023 was 10.2 The German company offers planes, trains and trucks to move goods globally. Walmart unleashes ‘largest drone delivery footprint of any U.S. percent of U.S.

Logistics Network Optimization Software 312

Logistics Network Optimization Software Price Reduction Inventory Reduction Resource Reduction 312

ToolsGroup

APRIL 1, 2022

How the War in Ukraine is Impacting the Supply Chain and Raw Material Prices. Increased Prices Resulting from Shortages and Supply Chain Issues. Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Supply Chain Shaman

DECEMBER 4, 2018

For the past five years, the team at Supply Chain Insights identified Supply Chains to Admire Award Winners by analyzing performance by peer group on the key metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC). The company also taught them to understand the basics of negotiation and risk management.

Supply Chain Software 34

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement 34

RFgen

APRIL 12, 2024

Managing inventory costs is a constant struggle. Managing inventory costs is important because high inventory costs can erode the bottom line. On the other hand, optimized inventory levels can enhance it. On the other hand, optimized inventory levels can enhance it. Next is the cost of storing the inventory.

Inventory Reduction 98

Inventory Reduction Cost Reduction Strategies Purchasing Skills Optimal Sourcing 98

ToolsGroup

DECEMBER 11, 2023

Why understanding the principles of price elasticity is especially critical post-pandemic This year, many companies have recognized the apparent limitations in the traditional ways we do business. Still, too few have recognized the need to apply the same reflection to pricing strategy, especially when it comes to markdowns.

Price Reduction 156

Price Reduction Pricing Training Modeling Inventory Reduction 156

Procurement Academy

JULY 19, 2024

This might seem straightforward, but a thorough assessment can uncover areas where you can consolidate purchases, standardize specifications or negotiate better terms. Taking the time to invest in these relationships can lead to better prices, quality, and reliability.

Cost Reduction Strategies 90

Cost Reduction Strategies Price Reduction Inventory Reduction Sourcing Strategies 90

Precoro

AUGUST 31, 2023

For example, to avoid costly equipment repairs in the future, a company might conduct intensive training for the manufacturing staff and prioritize teaching them how to use expensive equipment properly. For instance, they can focus on negotiating better deals with the suppliers. What is the average price for these items on the market?

Material Savings 105

Material Savings Cost Reduction Strategies Expense Reduction Price Reduction 105

The Logistics & Supply Chain Management Society

JULY 20, 2020

Consumption in the crisis was initially supported by panic-buying. Pricing decisions can be integrated with demand and supply planning. Predictive demand can propose prices changes, subject to stock levels and replenishment capacity. This boosts revenues and optimises inventory. In a crisis economic factors are critical.

Agile and Lean Supply Chain 230

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 230