My Office Apps

OCTOBER 21, 2024

What is Vendor Relationship Management (VRM) and Why It’s Essential for Your ERP and Inventory Software? Vendor Relationship Management (VRM) helps businesses manage supplier interactions, track performance, and ensure smooth procurement processes. By automating this process, you reduce errors and improve financial reporting accuracy.

Vendor Strategies 98

Vendor Strategies Procurement Solutions Supply Chain Planning Software Optimization Software 98

Precoro

DECEMBER 24, 2024

Procurement AI enables teams to quickly process mountains of data, uncover hidden patterns, and automate repetitive tasks like invoice processing and supplier evaluations. AI in procurement refers to using advanced technologies to make procurement processes faster, more efficient, and data-driven.

Price Reduction 105

Price Reduction Sourcing Strategies Cost Reduction Strategies Expense Reduction 105

Freightos

APRIL 23, 2025

It creates a single source of truth for your rate management, automating RFQs and streamlining the entire procurement process. billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions.

Optimal Sourcing 156

Optimal Sourcing Benchmarking Manufacturing Procurement Modeling 156

SCMDOJO

MARCH 24, 2025

Introduction Gardner, (1954) and Huntzinger, (2007) define Purchase price variance (PPV) as a metric used to measure the effectiveness of cost-saving efforts by calculating the difference between the planned cost (standard pricing) allocated for purchasing activities and the actual cost incurred.

Purchasing Skills 69

Purchasing Skills Negotiating Skills Negotiate Pricing Procurement Analytics 69

Supply Chain Shaman

NOVEMBER 15, 2021

While we will recover quickly in retail (moving from painful shortages to a glut of inventory), the chemical industry–sitting four and five layers back in the supply chain–takes longer to recover. The value chain supporting all industries is sick, requiring a leadership step-change. Time For Action. ” [link].

Supply Chain Design Software 355

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 355

SCMDOJO

JANUARY 29, 2025

Supply chain reports offer a comprehensive view of your entire supply chain operation. They are powerful tools for businesses to identify areas for improvement, optimize processes, and gain a competitive edge. What are Supply Chain Reports?

Inventory Reduction 98

Inventory Reduction Negotiating Skills Waste Reduction Cost Reduction Strategies 98

SCMDOJO

JANUARY 9, 2025

Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Strategic Sourcing: The Foundation of Effective Procurement Strategic sourcing is far more than simply choosing suppliers. Done well, it can become a key driver of competitive advantage.

Optimal Sourcing 98

Optimal Sourcing Manufacturing Procurement Procurement Solutions Negotiating Skills 98

ivalua

SEPTEMBER 10, 2019

Here’s a look at some of the Procure- to-Pay metrics procurement leaders should watch in order to better understand their digital progress. Use these tips and tools to identify, capture and convert relevant measurements into digital transformation. This metric closely aligns with digital transformation progress.

Metrics 140

Metrics Negotiate Pricing Supply Chain Software Benchmarking 140

SCMDOJO

APRIL 11, 2025

Understanding how your Procurement and Supply Chain KPIs are performing isn’t just a nice-to-have; it’s essential for survival and growth. But what if you could get a clear, birds-eye view of your core performance without investing in complex, expensive software? Check out SCMDOJO’s Supply Chain KPIs Dashboard!

Pricing Training 72

Pricing Training Negotiating Skills Purchasing Skills Optimal Sourcing 72

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). About the Supply Chains to Admire Methodology.

Supply Chain Software 34

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

Supply Chain Brain

JUNE 16, 2025

Still, it can be just as disruptive to supply chain performance. Without experienced managers in place, truck availability drops, repairs are delayed, and cost control becomes difficult. Driver and technician shortages are widely recognized challenges, but leadership turnover is often overlooked.

Negotiating Skills 91

Negotiating Skills Supply Chain Planning Software Pricing Training Optimal Sourcing 91

SCMDOJO

APRIL 15, 2025

Consider this your business suddenly faces a major supply chain disruption. 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. Operational risks: Supplier bankruptcies, poor quality control, or delays in logistics.

Vendor Strategies 73

Vendor Strategies Sourcing Strategies Price Reduction Resource Reduction 73

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). About the Supply Chains to Admire Methodology.

Supply Chain Software 30

Supply Chain Software Case Study Supply Chain Planning Software Supply Chain Design Software 30

Precoro

NOVEMBER 11, 2024

These benefits aren’t just about lower prices; they’re also about reducing transportation and inventory costs, which can really add up over time. For example, marketing might need new office supplies, IT might need laptops, and the logistics team might require equipment. They also continuously track supplier performance.

Pricing Training 105

Pricing Training Expense Reduction Price Reduction Purchasing Training 105

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

Why Your Procurement Strategy is More Critical Now Than Ever Before In an era of global supply chain disruptions, a robust procurement strategy is no longer optionalits essential. Build strong supplier partnerships for long-term stability. Optimize costs without compromising supply chain continuity.

Optimal Sourcing 59

Optimal Sourcing Supply Chain Disruption Vendor Strategies Cost Reduction Strategies 59

Jaggaer

OCTOBER 24, 2024

Building Stronger Relationship s : Effective Approaches to Multi-Tier Supplier Collaboration A chain is only as strong as its weakest link—but what if you can’t evaluate the entire chain? Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain.

Negotiate Pricing 52

Negotiate Pricing Optimal Sourcing Supply Chain Planning Software Negotiating Skills 52

Jaggaer

FEBRUARY 5, 2025

A successful approach requires careful assessment of supplier bids, followed by structured onboarding, continuous monitoring, and performance measurement. 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.

Sourcing Strategies 52

Sourcing Strategies Negotiating Skills Optimal Sourcing Price Reduction 52

Supply Chain Game Changer

NOVEMBER 3, 2022

Subscribe to Supply Chain Game Changer. Thoughts on Future Challenges and the Strategic Direction of Supply Chain! Supply chain management is an important aspect of every business because it ensures your business gets the supplies, resources, and materials it needs to fulfill services or deliver products to customers.

Supply Chain Planning Software 119

Supply Chain Planning Software Supply Chain Software Negotiate Pricing Negotiating Skills 119

SCMDOJO

FEBRUARY 26, 2025

Introduction As global supply chains evolve, ensuring cost efficiency is crucial. One way to assess the cost performance of any function within the supply chain is through Cost Performance Index (CPI). Below are some key areas where CPI can improve supply chain efficiency: 1. A CPI of 0.83

Negotiating Skills 52

Negotiating Skills Optimal Sourcing Negotiate Pricing Cost Reduction Strategies 52

Supply Chain Shaman

NOVEMBER 15, 2021

While we will recover quickly in retail (moving from painful shortages to a glut of inventory), the chemical industry–sitting four and five layers back in the supply chain–takes longer to recover. The value chain supporting all industries is sick, requiring a leadership step-change. Time For Action. ” [link].

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 195

Supply Chain Shaman

NOVEMBER 15, 2021

While we will recover quickly in retail (moving from painful shortages to a glut of inventory), the chemical industry–sitting four and five layers back in the supply chain–takes longer to recover. The value chain supporting all industries is sick, requiring a leadership step-change. Time For Action. ” [link].

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 195

Unleashed

MARCH 9, 2021

Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. This is often managed with the help of supplier management software or inventory management software. The pandemic’s global scale exposed largely unprecedented, supply chain vulnerabilities.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

QAD

MAY 22, 2025

In today’s volatile global trade landscape, enterprises face ongoing pressure to optimize their supply chain operations. There are many ways an organization can cut supply chain costs. Mastering Direct Spend Management Procurement teams generally do not report to the chief supply chain officer.

Cost Reduction Strategies 52

Cost Reduction Strategies Expense Reduction Price Reduction Waste Reduction 52

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

Supply Chain Shaman

AUGUST 11, 2015

For the supply chain leader it is not a game… The stake is business continuity. Gamers do well in the world of supply chain. Designing value networks and managing what-if conditions is fundamental to managing supply chain risks. The move from global to regional supply chains increased risks.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 150

Talking Logistics

OCTOBER 29, 2013

As a participant in managing all or part of your company’s supply chain, you may know the pain of answering sometimes difficult questions. You write an RFQ, screen candidates, create a short list, select the provider, and negotiate service requirements and a cost structure. Are we a good supply chain partner or customer?

Pricing Training 166

Pricing Training Purchasing Skills Purchasing Training Supply Chain Planning Software 166

Silvon Software

APRIL 19, 2022

Procurement is one core process area being focused to better manage today’s fluctuating change, with key performance metrics leading the way to assessing and managing procurement performance. Supplier KPIs. On-time delivery measures the reliability of a company’s suppliers with regard to delivering shipments when promised.

Optimal Sourcing 124

Optimal Sourcing Procurement Analytics Manufacturing Procurement Negotiate Pricing 124

Precoro

JUNE 3, 2025

With today’s growing cost pressures and increasingly complex supply chains , quick fixes no longer cut it. Examples include office supplies, IT infrastructure, and facilities. It aims to secure the best price for each deal but overlooks the product category as a whole. It’s tactical and short-term.

Manufacturing Procurement 45

Manufacturing Procurement Procurement Analytics Procurement Solutions Material Savings 45

Unleashed

MARCH 28, 2021

Supplier relationship management is often referred to as the B2B equivalent of customer relationship management. We’ll define this crucial management concept and explain how you can implement and improve supplier relationship management to leverage business success. What is supplier relationship management? Reduces costs.

Negotiate Pricing 111

Negotiate Pricing Cost Reduction Strategies Price Reduction Optimal Sourcing 111

Precoro

JULY 29, 2024

In today’s digitalized world, more and more companies are moving away from paper and spreadsheet-based processes in favor of more accurate, simple, and efficient automation. However, with numerous e-procurement software vendors available, choosing the right tool can be overwhelming. Let’s break them down.

Procurement Solutions 105

Procurement Solutions Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 105

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.” less likely to be affected by supply chain disruptions.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

Precoro

MARCH 27, 2025

Rising costs, supply chain chaos, and economic swings put businesses under enormous pressure to protect their margins. Negotiate better contract terms. Afterward, this money can be used to develop new products, enhance the customer experience, update technology, or recruit new employees. Identify unnecessary spending.

Cost Reduction Strategies 45

Cost Reduction Strategies Price Reduction Expense Reduction Vendor Strategies 45

SCMDOJO

OCTOBER 15, 2024

What is the heck behind lean productivity, profitability, and good relations with suppliers and customers? This is how Cost and value are distributed throughout the Supply Chain. Even so, the game-changer in the fast-paced business world is how well you manage the Cash Conversion Cycle throughout the Supply Chain.

Inventory Management Software 98

Inventory Management Software Optimization Software Negotiating Skills Supply Chain Software 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

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

Supply Chain View from the Field

JULY 22, 2015

I had the opportunity to engage in a negotiation seminar with a large insurance company last week, and had the team work on a software contract role play. In the scenario, there was both a buyer and supplier, and there were multiple facets to consider in the negotiation. Data Security and Rights.

Pricing Training 60

Pricing Training Purchasing Training Negotiate Pricing Negotiating Skills 60