Resilinc

APRIL 17, 2024

With lockdowns across the globe and major port backlogs, many companies realized too late that the key parts and materials they needed often came from one small supplier or factory. We explore the various facets of risk that accompany overreliance on a solitary supplier and discuss how your business can diversify its supply chain.

Sourcing Strategies 101

Sourcing Strategies Optimal Sourcing Manufacturing Procurement Negotiate Pricing 101

Locus

JUNE 3, 2022

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. Schedule Demo.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Purchasing Skills Optimal Sourcing 52

ShipBob

SEPTEMBER 16, 2022

When you’re running an ecommerce business, you need reliable suppliers and manufacturers to help you maintain seamless supply chain operations. In this guide, we walk you through the process of finding suppliers and manufacturers for your business. What is the difference between a supplier and a manufacturer?

Manufacturing Procurement 52

Manufacturing Procurement Negotiate Pricing Manufacturing Negotiating Skills 52

Precoro

AUGUST 14, 2023

One of the ways to accomplish this is to establish a procurement team to streamline ordering by centralizing purchases and improving supplier relations. Beyond just obtaining essential items, their responsibilities extend to vendor selection, contract negotiation, cost reduction, supply chain disruption mitigation , and more.

Negotiating Skills 98

Negotiating Skills Purchasing Skills Buyer Training Procurement Solutions 98

MIT Supply Chain

JUNE 13, 2013

A new tool enables procurers to negotiate product prices without bargaining away supplier goodwill. When bargaining with suppliers over a product price, how can procurement professionals secure the best deal without damaging a valued relationship by being overly aggressive? Fair deal. Estimate financial ratios.

Negotiate Pricing 78

Negotiate Pricing Negotiating Skills Purchasing Skills Manufacturing Procurement 78

Precoro

JULY 16, 2023

Its main recommendations include buying without personal prejudice from suppliers who offer the optimum value, avoiding conflicts with suppliers, and working in good faith. By tracking the cost savings, the purchasing manager can determine how effectively they are negotiating with suppliers and planning the logistics.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

EMERGE App

APRIL 20, 2020

They act as an intermediate party between manufacturers and retailers. Once you decide the product that you will be wholesaling, you have to find the perfect supplier. It goes without saying that the relationship between a wholesaler and a supplier must be mutually beneficial one. Overseas Supplier. Domestic Suppliers.

Negotiate Pricing 64

Negotiate Pricing Manufacturing Procurement Negotiating Skills Manufacturing 64

SCMDOJO

APRIL 20, 2023

Within this department, the procurement manager plays a key role in overseeing the entire process, from identifying the need for goods or services to negotiating contracts with suppliers. Read More: Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities ] What does a Procurement Manager do?

Negotiating Skills 95

Negotiating Skills Optimal Sourcing Procurement Analytics Manufacturing Procurement 95

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. Strategizing for a diverse range of suppliers. Given the diversity of supplier ecosystems, this makes no sense at all.

Negotiating Skills 103

Negotiating Skills Negotiate Pricing Manufacturing Procurement Purchasing Skills 103

Supply Chain Game Changer

SEPTEMBER 13, 2022

Have you found that the consistent supply and reasonable prices in the Electrical Supply Chain that you were used to before COVID-19 hit have not returned as soon as you hoped, or as soon as some experts predicted? Adding to the misery, rising fuel costs drove prices up. Copper prices have risen 8.97% from one year ago.

Negotiate Pricing 85

Negotiate Pricing Purchasing Skills Negotiating Skills Price Reduction 85

Resilinc

MARCH 26, 2024

This engine leverages AI to identify how a supplier will perform by analyzing past events and on-time delivery data. In a typical scenario, a company reaches out to suppliers and begins talking to logistics and procurement after the typhoon strikes. Classification Models: Supply Chain Disruption Alerts What are classification models?

Modeling 114

Modeling Supply Chain Risk Management Modeling Software Risk Management 114

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. Moreover, by selecting reliable suppliers, negotiating favorable terms, and ensuring timely delivery, the supply chain department can optimize procurement processes and minimize costs.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Supply Chain Shaman

JUNE 29, 2022

We have heard that there is a focus on near-shoring, reshoring, and local manufacturing. Building a fab (manufacturing site) takes two-to-four years and requires the availability of water and trained labor. The automotive industries–with the poorest capabilities to plan and manage suppliers–will suffer the most.

Supply Chain Design Software 251

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Pricing Training 251

SCMDOJO

SEPTEMBER 18, 2023

Sourcing: Sourcing is the systematic process of identifying, evaluating, and selecting suppliers or vendors who can provide the necessary goods or services for a company. Sourcing plays a crucial role in building strong supplier relationships and achieving cost-effectiveness in the supply chain.

Negotiating Skills 97

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 97

OptiProERP

MAY 18, 2023

It involves sourcing, negotiation, ordering, delivery, and payment for goods or services. This type of procurement involves purchasing raw materials, components, and finished goods from suppliers. Direct procurement is critical for manufacturing companies as it enables them to obtain the necessary inputs to produce their products.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

Unleashed

JANUARY 3, 2023

As a manufacturer, a lot of businesses and customers rely on you to get things done on time. So, let’s break down how to improve cash flow in a manufacturing business and look at the various cash flow challenges faced by manufacturers around the world. But first you have to get in the green.

Manufacturing Procurement 96

Manufacturing Procurement Material Savings Expense Reduction Inventory Reduction 96

Intelligent Audit

AUGUST 30, 2022

Heat-Related Health Emergencies Attract Attention at UPS as Contract Negotiations Loom. As Spencer Patton of Route Consultant said to Fox Business , “We’ve seen our fuel prices double in a year. Benchmark Diesel Price Continues to Fall, Despite Rising Futures. cents early in the week to $4.91 per gallon. per gallon.

Negotiate Pricing 52

Negotiate Pricing Negotiating Skills Pharmaceutical Cost Reduction Strategies 52

GlobalTranz

NOVEMBER 28, 2016

Editor's Note: Today's blog is by our great friend, Chuck Intrieri where he gives us a fantastic example of how Procurement and Suppliers can enhance Supplier Relations by navigating the "Battle of the Forms.". Naturally, a supplier relations conflict exists. Contract Negotiation Enhancing Supplier Relations.

Negotiate Pricing 120

Negotiate Pricing Manufacturing Procurement Optimal Sourcing Purchasing Skills 120

SYSPRO Smarter ERP

OCTOBER 11, 2021

There is a belief that manufacturing is a mechanical process with not much thinking involved. While this is wrong for manufacturing in general it is especially wrong for process manufacturers – companies that produce food and beverages, paints, chemicals, pharmaceuticals, and cosmetics. What is process manufacturing?

Manufacturing Procurement 119

Manufacturing Procurement Manufacturing Supply Chain Planning Software Purchasing Skills 119

Precoro

SEPTEMBER 6, 2021

Tasked with choosing suitable suppliers and negotiating the most favorable contract terms. Involves defining the need, researching the market, running sourcing events, vetting suppliers, and negotiating contracts. Creates vendor and supplier relations. Manages supplier relationships to procure goods.

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

The Logistics & Supply Chain Management Society

JANUARY 3, 2024

We have heard that there is a focus on near-shoring, reshoring, and local manufacturing. Building a fab (manufacturing site) takes two-to-four years and requires the availability of water and trained labor.” The automotive industries–with the poorest capabilities to plan and manage suppliers–will suffer the most.

Supply Chain Design Software 130

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 130

Supply Chain Matters

SEPTEMBER 11, 2023

This week, the lens of labor activism in the form of labor contract renewal negotiations turns the spotlight to three U.S. Backdrop Existing labor contracts among these three manufacturers and the United Auto Workers ( UAW ) labor union representing upwards of 146,00 workers are set to expire on Thursday of this week at midnight.

Negotiating Skills 59

Negotiating Skills Negotiate Pricing Pricing Training Purchasing Training 59

SCMDOJO

MARCH 8, 2024

Reduction of Minimum Order Quantity (MOQ): MOQ refers to the minimum quantity of a product that a supplier is willing to sell. By negotiating lower MOQs with suppliers, businesses can reduce the amount of inventory they need to purchase at once. Activate: Initiate a frame contract with the supplier.

Inventory Reduction 79

Inventory Reduction Optimal Sourcing Resource Reduction Cost Reduction Strategies 79

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 lowers the cost of production and, subsequently – prices for the end customers. Optimization of Suppliers’ Database.

Purchasing Skills 98

Purchasing Skills Manufacturing Procurement Negotiating Skills Procurement Solutions 98

Logistics Viewpoints

MARCH 3, 2021

While Transplace did not report their revenue growth, they did put out a market update report where they wrote about key trends in the freight market: Demand remains strong with a continued surge in consumer goods manufacturing, retail shelf restocking, and a strong housing market. The truckload and less-than-truckload market is cyclical.

Logistics Network Optimization Software 245

Logistics Network Optimization Software Negotiating Skills Negotiate Pricing Report 245

Unleashed

AUGUST 22, 2022

Ambitious Net Zero goals set by the UK government have met with mixed responses from the UK business community – especially in the context of rising energy and raw materials prices. When we went through supplier selection, we found is that a number of suppliers are now carbon neutral.

Supply Chain Design 98

Supply Chain Design Negotiate Pricing Manufacturing Negotiating Skills 98

RFgen

OCTOBER 14, 2015

Companies that make chocolate products have to prepare for increased prices. Manufacturing productivity calls for efficient staffing levels, operational production equipment and proper supply inventory management. The lack of agricultural resources and increased demand may send prices skyrocketing.

Negotiate Pricing 52

Negotiate Pricing Negotiating Skills Manufacturing Procurement Purchasing Skills 52

RFgen

OCTOBER 14, 2015

Companies that make chocolate products have to prepare for increased prices. Manufacturing productivity calls for efficient staffing levels, operational production equipment and proper supply inventory management. The lack of agricultural resources and increased demand may send prices skyrocketing.

Negotiate Pricing 52

Negotiate Pricing Negotiating Skills Manufacturing Procurement Purchasing Skills 52

Supply Chain Shaman

FEBRUARY 18, 2021

Re-implement demand planning, trade promotion management, and revenue/price management together to improve the baseline demand signal. Advanced planning evolved with a focus on modeling manufacturing constraints. The focus of the transportation suites was on cost mitigation and price negotiation. Over time, this changed.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 278

Synovos

DECEMBER 5, 2023

They were a new company that had taken over an existing manufacturing plant and lacked the infrastructure needed to keep the facilities in good working order, whether that was buyers to order parts or an accounts team to manage the purchasing process. This means negotiating competing demands. What do we need to keep the plant running?

Manufacturing Procurement 52

Manufacturing Procurement Food Purchasing Skills Supply Chain Software 52

Logistics Viewpoints

FEBRUARY 17, 2023

hope to slash shipping costs and save millions of dollars when they sit down later this month to negotiate long-term contracts with ocean carriers following last year’s surge in rates. Some companies expect to cut ocean-freight rates by half or more, which in turn could allow retailers to slow or stop price increases for goods.

Logistics Network Optimization Software 202

Logistics Network Optimization Software Waste Reduction Cost Reduction Strategies Resource Reduction 202

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

QAD

NOVEMBER 14, 2023

For suppliers, this meant rapidly ramping up their production, with some even resorting to overtime to keep up. The extended halt meant a drastic reduction in orders, putting a dent in the financial health of the suppliers. Ensuring adequate inventory while maintaining quality standards is now a pivotal concern for suppliers.

Automotive 95

Automotive Negotiate Pricing Negotiating Skills Ohio 95

Supply Chain Game Changer

FEBRUARY 26, 2019

Unless your company is amongst the very largest companies in the world then chances are your Procurement team will, at some point, be dealing with Suppliers that are larger than your company. In a function such as Procurement where negotiating is a central part of the role, leverage is a critical element in those negotiations.

Negotiate Pricing 60

Negotiate Pricing Negotiating Skills Purchasing Skills Manufacturing Procurement 60

Supply Chain Game Changer

NOVEMBER 3, 2022

This modern approach allows manufacturers and suppliers to share real-time data about product availability, production, and sales. Procurement is one of the most important parts of supply chain management because it determines which suppliers you work with and how much they charge for their products or services.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Software Negotiate Pricing Negotiating Skills 115

KEPLER Consulting

MARCH 23, 2018

The purpose of this article is to share our experience in the use of machine learning to generate quick saving opportunities and homogenize purchased pricing across business units / regions in large groups. Or a certain price for a red product and double for its blue version? History of pricing is rarely reviewed. Why pay $5.6

Negotiating Skills 64

Negotiating Skills Purchasing Skills Negotiate Pricing Material Savings 64

ToolsGroup

JUNE 27, 2022

In the middle, you’ve got your manufacturers that take those raw materials and turn them into finished goods. Scoops is a manufacturer that makes batch ice cream and pre-packaged ice cream bars and pints. Or let’s say Scoops decides to acquire its dairy supplier. Essentially, the company buys its supplier.

Price Reduction 156

Price Reduction Cost Reduction Strategies Material Savings Supply Chain Planning Software 156