SCMDOJO

OCTOBER 27, 2023

Contract Negotiation: This negotiation involves discussions and agreements on the terms and conditions of the procurement contract. These terms may include delivery schedules, quality standards, payment terms, and penalties. The aim is often to secure volume discounts or advantageous terms.

Negotiate Pricing 88

Negotiate Pricing Negotiating Skills Pricing Training Purchasing Training 88

Enterra Insights

DECEMBER 7, 2023

Conservative estimates range as high as 40 million people around the globe still being held as slaves or forced laborers — many whom make the products we use and grow the food we eat. ”[1] He adds, “Actions can be taken to remove this practice, but it is essential to understand what is meant by the term ‘Modern Slavery.’

Supply Chain Software 130

Supply Chain Software Supply Chain Strategy Supply Chain Network Software Material Savings 130

Kinaxis

OCTOBER 23, 2018

by Ilyas Kucukcay Canada is a pioneering country when it comes to the use of cannabis for medical purposes , where it’s been available through a doctor’s prescription since 2001. Other producers now indicate that shortages may be a significant problem for the first year after the legalization of the product.

Supply and Demand 196

Supply and Demand Demand Planning Software Supply Chain Planning Software Meeting 196

AIMMS

OCTOBER 17, 2023

For that, long-term supply chain planning and budgeting needs data to back every decision. An astonishing 97% of investment managers in the US and UK now take a company’s sustainability standards into account when making investment decisions. As an executive, you need a broad consensus and a firm vision to make radical decisions.

Optimal Sourcing 156

Optimal Sourcing Supply Chain Planning Software Modeling Waste Reduction 156

Logistics Viewpoints

DECEMBER 7, 2022

The only solution is to boost efficiency by optimizing processes for the long term. Which truck should be used for transportation? Fuel prices and a shortage of drivers are putting transport logistics under immense pressure. The biggest challenge in the transport sector today: there just aren’t enough drivers. Look at the big picture.

Big Data 250

Big Data Logistics Network Optimization Software Transportation Data 250

Supply Chain Game Changer

AUGUST 18, 2022

This agreement defines the terms and conditions of a business contract, such as the nature of the contract, duration of service, and payment clause. The goal of a vendor agreement is to ensure that all parties involved understand what is anticipated in terms of sales, payment, etc., Overcoming Vendor Management Challenges!

Vendor Strategies 93

Vendor Strategies Negotiate Pricing How To Negotiating Skills 93

Unleashed

SEPTEMBER 3, 2023

A PO may also specify terms for payment and expected timelines for the delivery of the goods. Purchase orders are legally binding documents that facilitate fair trading between two companies, or between a company and a sole trader. The three main reasons for using a purchase order: It avoids duplicate orders.

Procurement Solutions 52

Procurement Solutions Purchasing Skills Manufacturing Procurement Procurement Analytics 52

The Logistics & Supply Chain Management Society

AUGUST 15, 2021

Rising sea levels, deforestation, melting of the polar ice caps are all familiar words and phrases used in relation to our environment. Whilst there has been progress in terms of changing consumer demands and mindset, much remains to be done. The same pallet can be used multiple times, creating a cost saving cycle within the chain.

Material Savings 246

Material Savings Waste Reduction Cost Reduction Strategies Manufacturing Procurement 246

Logistics Viewpoints

MAY 25, 2023

Generative AI is like a magic trick Literally millions of people are using generative AI (and generating lots of FOMO) – ChatGPT had already reached 100 million users by January, the fastest consumer adoption of a technology in history. “Our rules of thumb are no longer up to the challenge.”

Supply Chain Planning Software 234

Supply Chain Planning Software Supply Chain Software Negotiating Skills Predictive Analytics Software 234

Logility

OCTOBER 21, 2021

Sustainable supply chains aren’t just better for the world; they also grow long-term value for your business. It’s also good for business and helps to support long-term growth. A sustainable supply chain doesn’t just have a positive impact on the world. Avoid supply chain disruptions.

Optimal Sourcing 209

Optimal Sourcing Sustainability Supply Chain Planning Software Supply Chain Optimization 209

Supply Chain Game Changer

OCTOBER 12, 2022

In addition, you may also use brand ambassadors who help promote your company. Your legal team can draft the legal documents you need for a supply chain contract. For instance, an online supply chain or sponsorship agreement template can help outline the legally binding details you need. Duration Of The Contract.

Supply Chain Optimization 108

Supply Chain Optimization Supply Chain Purchasing Skills Manufacturing Procurement 108

Logistics Viewpoints

OCTOBER 11, 2021

Five years ago, or so, trade compliance would often report up to the chief legal officer. Five years ago, or so, trade compliance would often report up to the chief legal officer. McKee says rougly half of their global trade services customers roll up into finance or legal, have to the supply chain function. “We’re

SAP 194

SAP Vendor Strategies Material Savings Logistics Network Optimization Software 194

Supply Chain Game Changer

SEPTEMBER 26, 2022

There’s also a chance of facing legal claims due to negligence in providing expert advice and services, which could cost thousands or even millions of dollars. Such claims and other legal actions are among the major threats you may encounter. If this is your first time hearing such terms, this post may help you.

Policies 90

Policies Supply Chain Design Software Supply Chain Design Supply Chain Software 90

Logistics Viewpoints

AUGUST 29, 2022

In riskmethods risks are elevated using heat bubble maps. Then the company worked with their Italian lawyers to get a special industry designation that allowed them to legally keep working. AGCO’s risk notification and visualization solution came from riskmethods. AGCO’s ability to predict when shutdowns would occur improved over time.

Risk Management 194

Risk Management Supply Chain Planning Software Supply Chain Design Software Supply Chain Risk Management 194

Supply Chain Game Changer

OCTOBER 21, 2022

Not only is this a legal duty (more on which later), but also a moral one; you should be actively taking every step you can to ensure that your staff are appropriately safe, secure, and looked after within their role and environment. Speaking of clients and customers, reputation is a vital part of long-term business success.

Supply Chain Strategy 111

Supply Chain Strategy Cost Reduction Strategies Expense Reduction Supply Chain 111

GlobalTranz

NOVEMBER 29, 2016

In part two, Chuck focuses on how to draft your terms and conditions. Writing your terms of use can be a monumental task for anyone. Procurement and suppliers often assume that small print is highly complicated legal jargon that is both boring and largely irrelevant. For instance, Amazon.com only has 26 conditions of use.

Procurement Analytics 120

Procurement Analytics Manufacturing Procurement Procurement How To 120

SCMDOJO

FEBRUARY 13, 2023

This requires a deep understanding of the supplier’s market and an ability to negotiate favourable prices through volume orders or payment terms. This includes identifying needs, setting terms, selecting vendors, negotiating and purchasing, delivering, and even post-purchase assessment.

Negotiating Skills 87

Negotiating Skills Purchasing Skills Negotiate Pricing Procurement Analytics 87

Supply Chain Game Changer

JUNE 30, 2021

Legal industry article and permission to publish here provided by Jais Frank. When discussing technology replacing professionals, what crosses the mind instantly is the Artificial Intelligence (AI) and Machine Learning (ML) that have even started making their space in the legal industry. Help In Documents Review And Legal Research.

Supply Chain Software 96

Supply Chain Software Forecasting Software Optimization Software Negotiating Skills 96

Logility

DECEMBER 1, 2021

At any tier of the supply chain, lots can be presented in many configurations – for example, multiple bales can be used in one yarn lot, which is later split across several mills to produce an assortment of fabrics. Prioritizing Long-Term, Value-Driven Sustainability. But it’s not that simple for the fashion industry.

Sustainability 130

Sustainability Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement 130

Precoro

APRIL 24, 2023

Note : We use the terms "supplier onboarding" and "vendor onboarding" interchangeably in this article as they both refer to the same set of procedures. However, it's worth noting that there are differences between the terms "supplier" and "vendor," which we covered in one of our previous articles. What is supplier onboarding?

Supply Chain Design Software 52

Supply Chain Design Software Procurement Solutions Supply Chain Network Software Demand Planning Software 52

The Logistics of Logistics

APRIL 21, 2023

Chris’ passion for understanding US Truckload Freight Market dynamics and predicting the direction of spot and contract rates stems from his work at Coyote over this period where long-term contract commitments were often made based on an expected long-term cost of capacity in the spot market.

Logistics Network Optimization Software 197

Logistics Network Optimization Software Forecasting Software Freight Network Design Software 197

Logistics Viewpoints

FEBRUARY 8, 2021

Using a digital representation of parts allows manufacturers to make small changes to digital files quickly at no additional charge, which provides more agility in the manufacturing process. End users – supply chain practitioners working for manufacturers, distributors, or retailers – can attend for free. So, what are the mega trends?

Supply Chain Planning Software 288

Supply Chain Planning Software Supply Chain Software Modeling Supply Chain Planning 288

Logility

MARCH 2, 2021

The latest twist: what’s always been an ethical issue is now a legal issue, too. Based on the term “whitewashing,” greenwashing means “to make stakeholders believe that your company is doing more to protect the environment than it really is.” There is no credible sustainability without comprehensive traceability.

Sustainability 243

Sustainability Material Savings Supply Chain Software Manufacturing Procurement 243

Supply Chain Game Changer

APRIL 4, 2022

Product liability is a legal term that details the manufacturer, distributor, and seller’s responsibilities. According to product liability laws, buyers have legal protections concerning products deemed to be unreasonably dangerous. This includes what may happen if a buyer becomes injured by a defective product.

Supply Chain Design 99

Supply Chain Design Buyer Training Real Estate Manufacturing 99

Precoro

DECEMBER 11, 2023

Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation. To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Precoro

FEBRUARY 12, 2024

The answer is simple — it helps companies meet short-term obligations while positioning for long-term growth and success. Thus, to understand their liquidity, companies need to know how quickly they can turn their short-term assets into cash as well as when their medium- and long-term assets will pay off.

Optimal Sourcing 102

Optimal Sourcing Expense Reduction Inventory Reduction Negotiating Skills 102

Logistics Viewpoints

AUGUST 15, 2022

By ARC’s definition, when a business spend management solution is used for direct procurement it is an MSCN. The survey’s results suggest a series of misalignments where gaps in process, technology and information flow can be a drag on productivity and optimization. Business Spend Management Solutions are Networked .

Supply Chain Network Software 218

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 218

SCMDOJO

MARCH 28, 2023

In this guide, we’ll explore the benefits and risks of using blockchain for supply chain management so that you can come out of this read with a better and deeper understanding of what it is and how this profound technology can be used to elevate and implement supply chains of the future. Oh, but before we start!

Supply Chain Design Software 107

Supply Chain Design Software Supply Chain Software Supply Chain Network Software Supply Chain Design 107

Locus Robotics

JANUARY 26, 2024

These risks are introduced by centralizing various types of data into AI models, various stakeholders accessing those models and ingesting data, as well as the actual inference and live use of the model. AI Used for Cyber-attacks The Morris worm is widely believed to be the first cyberattack ever reported back in 1988.

Predictive Analytics Software 52

Predictive Analytics Software Modeling Software Supply Chain Planning Software Supply Chain Network Software 52

Logility

OCTOBER 29, 2021

Process manufacturers face pressures to reduce costs, continuously update and improve product formulas, contribute to supply chain efficiencies, comply with new legal and regulatory requirements, delight their customers, and more — all while simultaneously streamlining operations and working to improve their position in a highly competitive market.

Manufacturing Procurement 130

Manufacturing Procurement Forecasting Supply Chain Planning Software Forecasting Software 130

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2023

The term “Blood diamonds” was even created to highlight the harm that diamond mining was having in some West African countries. Test in-house when you receive their goods, or use an independent surveyor to test and certify quality independently? quite large. But these raw materials are only some of the most written about.

Food 130

Food Vendor Strategies Price Reduction Waste Reduction 130

Taulia

NOVEMBER 29, 2022

Supplier management is the term used to describe the processes of selecting and managing suppliers or vendors. Getting the best performance from your suppliers, while also ensuring you’re contributing towards a stable long-term relationship, can pay off in meaningful ways. Payment: Ensuring agreed terms are adhered to.

Sourcing Strategies 98

Sourcing Strategies Cost Reduction Strategies Vendor Strategies Supplier Management 98

Precoro

SEPTEMBER 29, 2022

Building a long-term relationship with suppliers requires negotiation skills and subsidiary tools. Note: In this article, we use the "supplier onboarding" term as interchangeable with "vendor onboarding." The Supplier Registration Form in Precoro is very useful in such cases. What is the Supplier Registration Form?

Supplier Management 98

Supplier Management Negotiating Skills Purchasing Skills Buyer Training 98

The Logistics & Supply Chain Management Society

AUGUST 15, 2021

Although digital transformation is perceived as the use of technology to radically improve enterprise performance, it is important to understand the prerequisites that lead to true digital transformation. When discussing digital transformation, it is important to understand the meaning of commonly used key terminologies.

Supply Chain Planning Software 246

Supply Chain Planning Software Modeling Software Supply Chain Software Analytics Software 246

Precoro

OCTOBER 31, 2022

Typically, a formula like 2% 10 net 30 is used, where 2% stands for the discount rate if the invoice is paid within the first 10 days (discount period) and the invoice reaches maturity in 30 days. As with any agreement, the early payment discount terms are negotiated on a partner-to-partner or even case-by-case basis. 055 x 15 = 0.8%

Negotiating Skills 98

Negotiating Skills Buyer Training Purchasing Skills Procurement Solutions 98

Logility

MAY 12, 2020

F&B company I was lucky (using that term loosely) to be given the opportunity to develop a 3 to 5-year improvement strategy covering supply chain people, process, and solutions. Lack of data demand data for new products makes it difficult to forecast using time series or qualitative techniques.

Supply Chain Planning Software 134

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 134

Exiger Perspectives

APRIL 19, 2023

The person who ultimately owns or controls a legal entity is known as the ultimate beneficial owner or UBO. Legal Considerations Companies are required by law in many jurisdictions to conduct adequate due diligence and identify the UBOs of their customers to ensure they are not violating sanctions or forced labor restrictions.

Supply Chain Software 52

Supply Chain Software How To Supply Chain Supply Chain Network Software 52