SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference.

Negotiating Skills 97

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 97

Unleashed

MARCH 9, 2021

What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Precoro

OCTOBER 24, 2022

Procurement is a complex and dynamic process involving strategic planning and several stages of execution, from sourcing to paying and reporting. Supply chain management, purchase requisitions and orders, budget management, and three-way matching – all these processes are integral to procurement as a whole.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Analytics Software Sourcing Strategies 98

EC Sourcing Group

NOVEMBER 16, 2021

Effectively managing your suppliers is an integral part of the procurement process (and important to the entire supply chain as well). Management doesn’t refer to suppliers being “under” you but instead refers to managing vendor transactions and cultivating good relationships with your third-party vendors or suppliers.

Procurement Solutions 52

Procurement Solutions Analytics Software Logistics Network Optimization Software Supply Chain Software 52

ivalua

JANUARY 29, 2020

Competitors or new market entrants can use it to attack you these days – you don’t need a chain of retail shops on the high street, just a good idea, a great website and an outsourced logistics operation. For the vast majority of organisations, suppliers must play their part when it comes to agile business and speed to market.

Negotiating Skills 213

Negotiating Skills Negotiate Pricing Optimal Sourcing Procurement 213

Jaggaer

AUGUST 18, 2020

From early on in the Covid-19 pandemic , and for pretty obvious reasons , procurement in healthcare and pharmaceuticals has been in the spotlight like never before. Managing supplier s in a highly volatile economic, societal and environmental situation was especially challenging for the pharma industry.

Pharmaceutical 98

Pharmaceutical Manufacturing Procurement Procurement Company 98

Precoro

DECEMBER 18, 2023

Medical institutions might not typically consider optimizing the healthcare procurement process a top priority. Yet procurement in healthcare influences the overall well-being of medical institutions and, ultimately, the quality of patient care. However, procurement in the healthcare industry has some unique aspects.

Procurement Solutions 59

Procurement Solutions Optimal Sourcing Procurement Analytics Procurement 59

Logistics Viewpoints

OCTOBER 10, 2022

in turn, is a boutique procurement consultancy. The main take aways from the presentation earlier this year were the following: The auto industry has made supply chain risk management a priority since the Fukushima nuclear disaster in 2011. This is our “supplier board”. The implementation was not trivial.

Supply Chain Risk Management 223

Supply Chain Risk Management Risk Management Supply Chain Planning Software Supply Chain Software 223

Unleashed

JANUARY 16, 2023

When your business is receiving more orders than it’s possible to fulfil in-house, third-party logistics (3PL) can mean the difference between disappointing customers and capitalising on that success. In this guide to third-party logistics: What is 3PL? 3PL providers are experts when it comes to shipping and logistics.

Third Party Logistics 98

Third Party Logistics Logistics Network Optimization Software 3PL Inventory Management Software 98

EC Sourcing Group

APRIL 27, 2021

5 Benefits of Global Sourcing in Supply Chain Management. The importance of quality in supply chain management is undeniable. The truth is that global sourcing benefits outweigh the risks for many spend categories, and it’s advantageous to think about the big picture of your sourcing steps. it most certainly is.

Manufacturing Procurement 52

Manufacturing Procurement Sourcing Supply Chain Software EC Sourcing 52

EC Sourcing Group

DECEMBER 1, 2021

Demystifying Transportation Sourcing. 9/2/2021 – Guest Blog Post from Kumar Kannan of Procural. If you are like me, transportation sourcing is a mind boggling and complex field. This article is about creating value in transportation sourcing. This article is about creating value in transportation sourcing.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Sourcing 52

EC Sourcing Group

SEPTEMBER 2, 2021

Demystifying Transportation Sourcing. 9/2/2021 – Guest Blog Post from Kumar Kannan of Procural. If you are like me, transportation sourcing is a mind boggling and complex field. This article is about creating value in transportation sourcing. This article is about creating value in transportation sourcing.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Sourcing 52

EC Sourcing Group

NOVEMBER 17, 2020

The importance of using supply chain management software is notable because of the importance of the supply chain itself. Supply chain management software can do quite a lot—part of the importance of supply chain management software is that it goes well above and beyond what procurement software can do. Spend analytics.

Procurement Solutions 52

Procurement Solutions Supply Chain Software Supply Chain Planning Software Forecasting Software 52

Jaggaer

FEBRUARY 25, 2020

Get the details on building sustainable supplier relationships. Procurement is at the core of many companies’ efforts to increase green practices. “Businesses saw over $1 trillion in financial impacts as a result of environmental risks as reported by suppliers.” Leaders 76% Non-Leaders 20%.

Procurement Analytics 71

Procurement Analytics Procurement Solutions Optimal Sourcing Sustainability 71

Supply Chain Matters

MAY 26, 2022

In this Supply Chain Matters editorial commentary we address the dichotomy of revisiting supply chain strategic sourcing strategies in the wake of a rapidly changing l landscape of challenges. Strategic Sourcing Shifts Away from China. Basis of Materials Strategic Sourcing. Background. The rest, as they often say, is history.

Sourcing Strategies 52

Sourcing Strategies Material Savings Cost Reduction Strategies Manufacturing Procurement 52

Precoro

MARCH 30, 2022

Strategic Procurement Helps a Business Unleash its Potential. As The Hackett Group discovered, approaching procurement strategically with specific business goals in mind helps achieve a significantly higher ROI. Operational efficiency and cost reduction are among the top procurement priorities for CPOs, according to Deloitte.

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Cost Reduction Strategies Price Reduction 52

SCMDOJO

NOVEMBER 2, 2023

Expertise: Sourcing, Supply Chain Analysis, Logistics & Transportation, Logistics Management Consulting, Freight (Maritime, Land, or Air), Logistics Technology Solutions. Hire any of them as your supply chain consultant and see the difference! Matías Guarello Wilhelmy Location: Chile / Remote Rating: 5/5.0

Supply Chain Design Software 59

Supply Chain Design Software Negotiating Skills Optimal Sourcing Supply Chain Planning Software 59

Jaggaer

FEBRUARY 18, 2020

Leverage your supplier management for maximum benefit with the white paper: How to Achieve Holistic Supplier Management. Strategic Supplier Management. Supplier ecosystems are increasingly diverse. Holistic Supplier Management. This puts suppliers into one of four boxes.

Negotiating Skills 103

Negotiating Skills Negotiate Pricing Manufacturing Procurement Purchasing Skills 103

ivalua

NOVEMBER 26, 2020

While organizations continue to utilize low-cost regions like Asia, they are also employing strategies like “Asia plus one” or “China plus one” where they develop secondary sources in another region or another country to provide some insurance against regional or geopolitical disruption.

Sourcing Strategies 264

Sourcing Strategies Material Savings Cost Reduction Strategies Inventory Reduction 264

Supply Chain Matters

JANUARY 9, 2024

Prediction Background In our prior 2023 predictions published a year ago, we included two separate predictions related to how supply management and their strategic sourcing teams would encounter an added focus on business strategy alignment. The overall strategic direction will be one of regionalization of industry supply networks.

Predictive Analytics Software 52

Predictive Analytics Software Material Savings Agile and Lean Supply Chain Sourcing Strategies 52

Supply Chain Game Changer

NOVEMBER 6, 2018

Yet the lack of attention and focus that Indirect Procurement is often given is inconsistent with the true importance of this area. Indirect Procurement takes a back seat to Direct Procurement unfortunately. But it is time for Indirect Procurement to stand up and be counted! The Importance of Indirect Procurement!

Manufacturing Procurement 68

Manufacturing Procurement Optimal Sourcing Negotiating Skills Procurement 68

QAD

JULY 21, 2022

Economists also point to just-in-time operations as a factor, as described in a recent article about supply chain imbalances, from a global logistics provider: “Global vulnerability to a bullwhip effect has been years in the making. Integrated Supplier Management. They also provide the means for managing inbound logistics.

Price Reduction 95

Price Reduction Inventory Reduction Cost Reduction Strategies Optimal Sourcing 95

SCMDOJO

JUNE 21, 2023

It involves outsourcing the entire supply chain function to a third-party provider who manages everything from sourcing raw materials to delivering finished products to customers. allowing them to shift their focus towards core activities like market share and product management.

Supply Chain Planning Software 89

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing 89

QAD

JANUARY 19, 2023

Supply chain management (SCM) is essential to any business strategy. Facets of this broad field include demand planning, inventory management, logistics, acquisitions and partner management. Supply chain management is never boring, and there’s always more to learn. What is Supply Chain Management?

Supply Chain Planning Software 95

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 95

SCMDOJO

NOVEMBER 8, 2022

The highly revered “Supply Chain Secrets” is hosted by Rob O’Byrne, who has been in the Supply Chain and Logistics industry since he was 15. Rob has handled several Supply Chain and Logistics businesses and shares lessons, insights, interviews, tips, and more from his experience through the channel. Subscribers.

Supply Chain Design Software 120

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software 120

Claritum

NOVEMBER 28, 2016

Claritum Article - Procurement Blog. We’ve read through some of the best analyst reports and surveys to bring you this procurement fact file containing some of the most interesting findings, statistics and quotes. Click here to download a printable pdf version of the procurement fact file. Procurement.

Optimal Sourcing 50

Optimal Sourcing Cost Reduction Strategies Vendor Strategies Procurement 50

Precoro

NOVEMBER 13, 2023

One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. In this article, we'll explain what PPV is, why it matters, and how tracking this metric can benefit your procurement processes. This estimate is then used as a standard price in the PPV formula.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

QAD

MAY 24, 2023

Real-time communication between your organization and supply chain partners is a win/win, enabling faster and easier planning, managing, and control over global supply chains. Yet, so often, purchasing and sourcing teams have to rely on manual processes and outdated tools.

Supply Chain Planning Software 52

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

Supply Chain Matters

JANUARY 19, 2024

This comprehensive 38-page report includes the full listing of predictions along with a lot of information, perspectives and added insights.

Predictive Analytics Software 52

Predictive Analytics Software Supply Chain Planning Software Supply Chain Strategy Manufacturing Procurement 52

EC Sourcing Group

NOVEMBER 15, 2022

A critical aspect of the following supply chain best practices is to have intuitive procurement software that provides insights and analytics to help navigate the uncertainty and make the best decisions for the future. Supply Chain Best Practices : The Effect of Inflation on Procurement & the Supply Chain. Be creative and flexible.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Software Supply Chain Design Optimal Sourcing 52

QAD

MAY 2, 2023

Ensure your supply chain has backup plans for critical components, raw materials and logistics. Implement safety stock, dual sourcing, or multiple transportation routes to create a buffer against disruptions. Step 4: Diversify Your Suppliers and Regions Don’t put all your eggs in one basket.

Supply Chain Planning Software 94

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Modeling 94

QAD

DECEMBER 16, 2021

Lauren Pittelli, founder and principal of Baker Logistics Consulting Services, recently wrote an article in IndustryWeek titled, As the Port of Los Angeles Expands Hours, Nimble Suppliers Seek Workarounds. Supplier Relationship Management. QAD Sourcing manages the electronic RFQ process with suppliers.

Supply Chain Disruption 95

Supply Chain Disruption Optimal Sourcing Manufacturing Procurement Supply Chain Design Software 95

Precoro

JANUARY 16, 2023

Spend management is a set of practices for controlling how a business spends money. Spend management allows for efficient sourcing and procurement, regulated expenses, timely registration of spontaneous purchases, and a reduction of fraud and errors. Types of Spending. It also incorporates employee expenses.

Procurement Solutions 98

Procurement Solutions Negotiating Skills Purchasing Skills Expense Reduction 98

Supply Chain Game Changer

APRIL 19, 2022

Over the past 20 years I have been fortunate to have worked in various industries (Automotive, Electronics, Plastics, Oil/Gas, Financial and Communication Equipment) for various world class companies, with a focus on Strategic Sourcing and Procurement. What are some of your greatest achievements in Business?

Material Savings 85

Material Savings Resource Reduction Cost Reduction Strategies Manufacturing Procurement 85

Supply Chain Game Changer

NOVEMBER 13, 2018

Check out What Exactly Is Reverse Logistics? When I began my career there was no such thing as “Supply Chain Management” Supply Chain was not a title to be found anywhere on any organization chart. But it was almost a decade before the phrase “Supply Chain Management” was more commonly used.

Supply Chain Design Software 72

Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement Optimal Sourcing 72

EC Sourcing Group

OCTOBER 26, 2021

It was slow-moving, achieving the result (product or service) took a much longer time, and dealing with suppliers was a much different story. Read on to learn about the importance of quality in supply chain management, how IT helps to achieve that quality, and more details about the supply chain. Inventory management.

Supply Chain Software 52

Supply Chain Software Logistics Network Optimization Software Inventory Management Software Analytics Software 52

Supply Chain Game Changer

JUNE 11, 2019

SCM encompasses the integrated planning and execution of processes required to optimize the flow of materials, information and financial capital in the areas that broadly include demand planning, sourcing, production, inventory management and storage, transportation — or logistics — and return for excess or defective products.

Supply Chain Design Software 105

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 105