SCMDOJO

APRIL 15, 2025

Perhaps a critical supplier goes out of business, a natural disaster halts shipments, or new regulations are introduced that throw a wrench in your entire process. A resilient and agile supply chain isnt just a competitive advantage; its a survival tool in the face of unpredictable challenges. Evaluating these risks is essential.

Vendor Strategies 73

Vendor Strategies Sourcing Strategies Price Reduction Resource Reduction 73

Jaggaer

MARCH 24, 2025

Top 3 Procurement Technologies to Embrace in 2025 Staying ahead of key procurement technology and advancements is essential for CPOs who want to improve spend cost reduction, drive strategic value, and navigate the increasingly complex procurement landscape.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Procurement Solutions Negotiating Skills 52

SCMDOJO

FEBRUARY 21, 2025

Build strong supplier partnerships for long-term stability. Supplier Financial Instability: Bankruptcy or operational shutdowns of key vendors. Damaged supplier relationships and business reputation. Improved Supplier Collaboration: Stronger relationships lead to better service levels and pricing.

Optimal Sourcing 59

Optimal Sourcing Supply Chain Disruption Vendor Strategies Cost Reduction Strategies 59

o9 Solutions

APRIL 8, 2025

This article is derived from our newest SRM White Paper, “One Platform, One Vision – The Benefits of a Unified AI-Driven Supply Chain Planning & Procurement Decision-Making Platform” Ask a procurement leader and a supply chain planner about their biggest priorities, and you’ll likely hear two very different answers.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimal Sourcing Supply Chain Planning Cost Reduction Strategies 52

QAD

MAY 22, 2025

Strategic management in this area can yield substantial savings and build stronger supplier relationships. Procurement teams should build long-term, collaborative relationships with key direct suppliers. When costs rise, companies particularly larger ones may try and pass the total cost increase onto suppliers.

Cost Reduction Strategies 52

Cost Reduction Strategies Expense Reduction Price Reduction Waste Reduction 52

Precoro

MARCH 27, 2025

Negotiate better contract terms. Afterward, this money can be used to develop new products, enhance the customer experience, update technology, or recruit new employees. For example, companies can negotiate a contract that reduces the per-unit price from $5 to $4.50 Identify unnecessary spending.

Cost Reduction Strategies 45

Cost Reduction Strategies Expense Reduction Price Reduction Vendor Strategies 45

Supply Chain Brain

JUNE 24, 2025

These costs cascade through the supply chain, raising consumer prices and squeezing profit margins. According to a National Retail Federation study , a 10% tariff on imported apparel can increase retail prices by 3% to 5%. An estimated 60% of U.S. Beyond the U.S.,

Price Reduction 97

Price Reduction Supply Chain Planning Software Cost Reduction Strategies Inventory Reduction 97

Supply Chain Brain

JUNE 12, 2025

Increased tariffs mean higher prices for raw materials and finished goods, but shipping, storage and handling costs often increase too, which threatens small- to midsized business (SMB) profitability — especially when up against larger competitors with more resources. Higher prices can alienate loyal buyers.

Optimal Sourcing 59

Optimal Sourcing Purchasing Skills Sourcing Strategies Negotiating Skills 59

Supply Chain Digest

JULY 15, 2025

Interact reduced its AMR forecast for 2025 by $800 million, with lower growth predicted in each of the major regions. While these results may seem surprising to those solely focused on barcode scanning, the adoption of multi-modal technologies in the DC makes perfect sense for greater worker efficiency and productivity.

Analysis 41

Analysis Procurement Analytics Supply Chain Design Software Supply Chain Planning Software 41

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. Why Is Purchase Price Variance Important?

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

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 View from the Field

OCTOBER 4, 2015

As part of the conference, I’m delivering a talk on five predictions that every procurement professional should consider. These aren’t so much “predictions”, as opportunities that procurement professionals should become aware of, and educate themselves on.

Procurement Analytics 84

Procurement Analytics Predictive Analytics Predictive Analytics Software Optimal Sourcing 84

Precoro

MAY 19, 2023

According to McKinsey survey of global supply chain leaders , only 53% of respondents describe the quality of data in their supply chain planning systems as “sufficient” or “high.” By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

Precoro

SEPTEMBER 2, 2022

It pays off to develop a procurement strategy, hire a team of professionals, and acquire necessary technologies early on. No matter your organization's procurement process, you aim to have the highest ROI and predictability in procuring items and services. Reduced risk. But creating perfect workflows isn't enough. Then come the people.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Optimal Sourcing 98

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 98

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 98

Jaggaer

OCTOBER 24, 2024

Maximizing Cost Savings Through Strategic Supplier Collaboration With the growing emphasis on long-term value creation, Chief Procurement Officers are increasingly turning to supplier collaboration as a cornerstone of cost reduction. While this approach may result in short-term savings, it can be counterproductive in the long run.

Negotiating Skills 52

Negotiating Skills Cost Reduction Strategies Material Savings Negotiate Pricing 52

ShipBob

NOVEMBER 15, 2021

Through logistics planning, these systems and functions are evaluated for cost, optimized for efficiency, and designed to withstand unexpected challenges. A 3PL should also make logistics planning easier with predictable, transparent pricing for every service. Well-planned logistics systems are streamlined logistics systems.

Supply Chain Planning Software 98

Supply Chain Planning Software Logistics Network Optimization Software Material Savings Supply Chain Design Software 98

SCMDOJO

AUGUST 16, 2023

Walmart’s remarkable success as the world’s largest retailer can be attributed to its astute utilization of data analysis and advanced technologies within its integrated supply chain. The company has implemented sophisticated barcode scanning and point-of-sale systems to collect real-time data from its stores.

Inventory Reduction 98

Inventory Reduction Vendor Strategies Supply Chain Planning Software Price Reduction 98

Jaggaer

OCTOBER 24, 2024

9 Steps to Improving Supplier Collaboration for Competitive Advantage The strategic value of suppliers has been growing, and so has the need to rely on their performance and partnership. Supplier collaboration serves as the foundation for supply continuity, agility, risk management, and resilience when disruptions occur.

Negotiate Pricing 52

Negotiate Pricing Optimal Sourcing Prescriptive Analytics Software Supply Chain Design Software 52

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. Read more on Optimizing Inventory and Lead Time Management on our website SCMDOJO!

Inventory Reduction 98

Inventory Reduction Optimal Sourcing Resource Reduction Cost Reduction Strategies 98

Unleashed

JUNE 8, 2023

Behind every successful product business is a thoughtful procurement strategy designed to optimise the supplier management and purchasing process. This guide answers exactly what is procurement, how procurement works in a business , and which tools and strategies lead to supply chain success.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Vendor Strategies Material Savings 52

Locus

JUNE 3, 2022

billion metric tons—the emissions have rebounded in 2021 and 2022. Transportation was redirected to be used in providing first aid, leading to supply chain bottlenecks, shortages and price hikes. By establishing the concept of eco-friendliness in your supply chain, a green logistics system can be introduced.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Purchasing Skills Optimal Sourcing 52

HICX Solutions

JUNE 9, 2025

What Is AI in Supplier Management? AI in supplier management is the use of artificial intelligence (AI) technologies to streamline and enhance various supplier-related processes. AI helps optimize supply chain management by offering predictive supplier analytics , real-time tracking, and automation.

Optimal Sourcing 40

Optimal Sourcing Negotiate Pricing Negotiating Skills Supplier Management 40

Unleashed

JUNE 23, 2021

It’s seen businesses adapting rapidly, with technology playing a key role in giving managers the flexibility and efficiency to thrive. Cloud technology accelerates. Cloud technology accelerates. The benefits of cloud technology for inventory management. Managing supplier and other vendor relationships in one place.

Inventory Management Software 80

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 80

Cognira

JULY 31, 2024

However, this role is accompanied by a long list of challenges, from navigating dynamic and shifting market conditions to paving the way towards promotion execution blindly using insufficient data across multiple platforms. Promotion management is just one piece of this complex puzzle, but it’s the piece we’re examining today.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Purchasing Skills Vendor Strategies 52

Supply Chain View from the Field

JANUARY 14, 2015

As organizations seek to drive supply chain integration across global business units and markets, billions of dollars have been invested in massive systems known as. enterprise resource planning (ERP) systems. This however may be due to the supplier segmentation process that occurs when organizations have access to better spend data.

Manufacturing Procurement 74

Manufacturing Procurement Negotiating Skills Procurement Analytics Purchasing Skills 74

Material Handling & Logistics

OCTOBER 11, 2017

So why are the lead times from your overseas suppliers so long and why does it matter? I am paying half the price so I am prepared to wait.”. Supply Chain Software is Not the Solution. Many companies try to overcome this problem using ERP systems, demand management tools and other advanced software.

Agile and Lean Supply Chain 83

Agile and Lean Supply Chain Lean Inventory Reduction Price Reduction 83

ThroughPut

NOVEMBER 28, 2023

Supply chain analytics combines powerful algorithms, data, and the latest technologies like Artificial Intelligence and Machine Learning to address the most elusive challenges in the supply chain right now – visibility and control. These aren’t just tools but potential game-changers for your bottom line in the long run.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 52

ShipBob

JANUARY 28, 2022

In this article, we break down what inventory KPIs entail, why they matter, and which metrics are most valuable for you to track. . Key performance indicators (KPIs) are the quantifiable metrics companies use to gauge their progress toward a specific goal. . Not sure what those metrics are? Inventory days on hand.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

SCMDOJO

JUNE 6, 2023

SCMDOJO’s Inventory Optimization Tool will save you 30 hrs of time if you do it yourself to get all the proper recommendations. They can simulate scenarios and perform theoretical analyses that assess the potential impact of demand changes, supplier performance, and market conditions. Download from the below link.

Optimal Sourcing 72

Optimal Sourcing Modeling Supply Chain Optimization Procurement Analytics 72

6 River Systems

JULY 25, 2019

New technology aims to make the supply chain more efficient, yet investing in the wrong technology further complicates productivity while hindering profitability. Sebastian Jungels @seb_jungels Sebastian is a co-founder at KAPUA , an enterprise SaaS provider, where he helps companies to improve their forecasting accuracy and speed.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Strategy 96

Unleashed

FEBRUARY 12, 2023

To stay on top of your financials, there are a few key cash flow metrics and KPIs you can track that will help you make the right decisions and avoid insolvency or liquidation. Learn more: Inventory Accounting: A Video Guide for Accountants & Advisors What are cash flow metrics? Why is it important to track cash flow metrics?

Procurement Analytics 52

Procurement Analytics Metrics Expense Reduction Inventory Reduction 52

6 River Systems

JUNE 10, 2019

With new supply chain innovations , trends in logistics technology and advancements like automated robots making a big impact on operational efficiency, it seems that supply chain optimization is within reach for more companies than ever before. ” Meet Our Panel of Supply Chain Professionals: Trey Howard Emmanuel Frost Michael D.

Sourcing Strategies 89

Sourcing Strategies Vendor Strategies Inventory Reduction Cost Reduction Strategies 89

Resilinc

JUNE 21, 2022

Less than four months ago, copper was setting record prices and experts were forecasting long-term supply gaps due to a collision between the growing demand for copper in clean-power technologies and the cost and difficulties of developing new mines. It’s just an impossibly tight future.”. Meeting this demand, without jeopardizing U.S.

Purchasing Skills 62

Purchasing Skills Negotiating Skills Negotiate Pricing Price Reduction 62

RFgen

MARCH 20, 2023

Automated technologies and mobile inventory management systems can help align teams around a single source of truth when making inventory decisions. A strategic approach to purchasing involves product research, supplier vetting, and monitoring of the product’s delivery, condition, and quantity.

Sourcing Strategies 52

Sourcing Strategies Negotiating Skills Purchasing Skills Manufacturing Procurement 52

Jaggaer

DECEMBER 13, 2024

Procure-to-Pay commonly known as P2P, encompasses the entire cycle of buying activities from identifying a need for goods or services to completing payment to a supplier. By standardizing procurement activities, organizations gain visibility over spending, strengthen supplier relationships, and optimize cash flow management.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 52

Cognira

JUNE 4, 2024

This blog will explore data-driven deal management, highlighting the risks of manual systems and the opportunities that come with automation through AI and machine learning. In retail, deal management is the process of executing agreements between retailers and vendors after going through a few rounds of negotiations.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Pricing Training Purchasing Training 52