SCMDOJO

FEBRUARY 26, 2025

While CPI is normally used within project management and earned value analysis, it has significant application and importance within supply chain contexts, particularly in procurement, logistics and warehousing. indicates cost inefficiency, signaling a need for supplier negotiations or alternative sourcing strategies.

Negotiating Skills 52

Negotiating Skills Optimal Sourcing Negotiate Pricing Cost Reduction Strategies 52

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. Accelerating value capture by leveraging digitisation, supplier management software, and spend analytics.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Precoro

MAY 19, 2023

To monitor supply chain performance, stakeholders of successful companies typically define supply chain metrics that are relevant to the given business and track these KPIs regularly. 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

Ware2Go

MARCH 27, 2025

Inventory shrinkage happens when your merchandise gets damaged or goes missing in a warehouse or in transit. This can result from theft, damage, administrative errors, or supplier fraud. Administrative Errors – Mistakes in data entry, pricing, labeling, or inventory tracking can create discrepancies.

Inventory Reduction 52

Inventory Reduction Inventory Cost Reduction Strategies Price Reduction 52

Supply Chain Game Changer

JANUARY 5, 2021

Purchase Price Variance, or PPV, is a common term in the realm of Purchasing/Procurement and Finance. For some, PPV is a mechanical metric only, measured and reported on but without any further attention paid to it. What exactly is PPV, how can it be managed, and what is the strategic value of investing time and energy in this metric?

Pricing Training 96

Pricing Training Purchasing Skills Purchasing Training Negotiating Skills 96

Silvon Software

APRIL 23, 2019

Companies that focus on strategic sourcing can generate substantial economic value not just by eliminating waste, reducing costs and improving administrative efficiency, but also by building stronger supplier relationships that can make them more competitive, profitable and nimble. These metrics are noted in the following sections below.

Purchasing Skills 90

Purchasing Skills Manufacturing Procurement Procurement Analytics Procurement Solutions 90

Supply Chain Shaman

NOVEMBER 15, 2021

Ships continue to hold in the west coast harbors of LA and Long Beach, and the west coast warehouses are full. We Assumed that Transportation Would Always Be Available And That We Just Needed to Negotiate Price. Only 29% of companies have active supplier development groups. Retail shelves are increasingly empty.

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

Ships continue to hold in the west coast harbors of LA and Long Beach, and the west coast warehouses are full. We Assumed that Transportation Would Always Be Available And That We Just Needed to Negotiate Price. Only 29% of companies have active supplier development groups. Retail shelves are increasingly empty.

Supply Chain Design Software 195

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

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

SCMDOJO

APRIL 29, 2024

Sourcing: Sourcing is all about finding reliable suppliers, negotiating contracts, and managing relationships. It encompasses activities such as procurement, supplier selection, and evaluation. A well-established sourcing strategy helps businesses secure the best quality materials at the most competitive prices.

Supply Chain Planning Software 98

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Supply Chain Software 98

SCMDOJO

MAY 30, 2024

From the warehouse manager to the transportation coordinator, each role in the logistics department contributes to the smooth flow of deliveries. Inventory management also includes forecasting demand, coordinating with suppliers, and optimizing storage space to minimize costs and prevent stockouts or overstocking.

Optimal Sourcing 98

Optimal Sourcing Logistics Network Optimization Software Pricing Training Inventory Reduction 98

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. Sustainable warehousing. Although often overlooked, warehouses and storage centers use huge amounts of energy in supply chains.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Purchasing Skills Optimal Sourcing 52

Talking Logistics

JANUARY 9, 2017

But technology won’t solve your supply chain problems or help you improve unless you also address the most common culprits of poor supply chain performance: poor data quality, lack of resources and training, lack of metrics and accountability, and poor communication and collaboration with trading partners (see resolution #3 below).

Negotiate Pricing 100

Negotiate Pricing Supply Chain Planning Software Pricing Training Negotiating Skills 100

SCMDOJO

DECEMBER 11, 2023

Access to data on supplier performance, market trends, and cost analyses enables leaders to optimize procurement strategies for improved efficiency and effectiveness. Through detailed analysis of procurement processes, expenditures, and supplier negotiations, organizations can identify opportunities for cost reduction.

Procurement Analytics 21

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 21

Oracle SCM

AUGUST 1, 2018

Often this data is rolled up organizationally, geographically or in distribution through performance metrics or key performance indicators (targets change with these roll ups). Optimal inventory management using data from point of sale systems, in store inventory updates, in transit inventory and VMI on hand at supplier warehouses.

Supply Chain Planning Software 104

Supply Chain Planning Software Inventory Management Software Gartner Demand Planning Software 104

Kanban Logistics

FEBRUARY 27, 2020

The modern warehouse offers much more than basic storage. While you can build and staff your own warehouse and perform these services yourself, more and more companies see the value in handing warehousing operations off to a third-party logistics (3PL) provider. Types of 3PL Warehousing. The Warehouse Management System.

Warehousing 52

Warehousing 3PL Negotiating Skills Logistics Network Optimization Software 52

GlobalTranz

MAY 6, 2015

There should be metrics involved to monitor these objectives to ensure success across the supply chain. These metrics should be reviewed frequently to ensure supply chain success. Increased supplier performance: reduction in lead times and creating cost reduction as your suppliers are the experts in their respective fields.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Supply Chain Planning Software Waste Reduction Lean 120

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 98

Inventory Reduction Optimal Sourcing Cost Reduction Strategies Resource Reduction 98

Precoro

SEPTEMBER 2, 2022

Its goal is to enable acquiring high-quality goods and services from approved vendors and suppliers within a defined budget and in time. He finds and negotiates the best deals, aims to streamline workflows and eliminate unnecessary spending. Do you need to contract vendors or suppliers? Reduced risk. What are you buying?

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Optimal Sourcing 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

Rather, with time and planning, you can research the most cost-effective supply chain solutions, and factor in hidden logistics costs that you might not remember to budget for otherwise (such as labor, warehouse insurance, and equipment). A 3PL should also make logistics planning easier with predictable, transparent pricing for every service.

Supply Chain Planning Software 98

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

Unleashed

OCTOBER 6, 2021

Consider Vendor Managed Inventory One way to save costs in inventory is to shift the responsibility of its management to your suppliers using a VMI system. Under a VMI system the supplier, usually a manufacturer, is responsible for optimising the level of inventory held by the distributor.

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

SCMDOJO

AUGUST 16, 2023

The retail giant has strategically adopted various IT initiatives to optimize its operations, enhance collaboration with suppliers, and achieve real-time inventory targeting. This system facilitates seamless communication and coordination between Walmart and its supply chain partners, including suppliers and distributors.

Inventory Reduction 98

Inventory Reduction Vendor Strategies Supply Chain Planning Software Price Reduction 98

Unleashed

JUNE 23, 2021

Multi-warehousing efficiencies. Warehouse automation. And in terms of inventory management the cloud is key to: Tracking inventory location and levels in real time, even for remote warehouses. Managing supplier and other vendor relationships in one place. More widespread use of multi-warehousing.

Inventory Management Software 80

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

Elementum

MAY 1, 2018

Establish appropriate metrics that correspond with the steps outlined in your contingency plan. Consider your suppliers' contingency planning strategy when selecting vendors, and test them regularly with different scenarios. Tips for an Effective Contingency Plan. data backups) taken in the present can payoff immensely in the long run.

Pharmaceutical 94

Pharmaceutical Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software 94

Unleashed

DECEMBER 6, 2021

We’ve identified 6 important categories that wholesaling features fall under: Inventory management Supply chain Customer orders Warehouse management Data and analytics Key software integrations And within these categories, we give you 17 features to look for – and why they’re important. Warehouse management 9.

Inventory Management Software 98

Inventory Management Software Supply Chain Design Software Supply Chain Planning Software Analytics Software 98

GlobalTranz

JANUARY 5, 2017

Today's blog is a continuation of yesterday's where we discussed cost management and KPIs with warehousing contracts using a real-world scenario. Now we dive a bit deeper with incentives, gain sharing, should-cost models, and governance in warehousing contracts. Incentives & Gain share and Pain share in Warehousing Contracts.

Modeling 232

Modeling Warehousing Price Reduction Cost Reduction Strategies 232

SCMDOJO

JULY 24, 2023

It involves outsourcing logistics activities, such as warehousing, transportation, distribution, inventory management, and order fulfillment, to a dedicated logistics service provider. Suppliers and Manufacturers: Suppliers and manufacturers are the entities that produce or provide the goods needed by the shippers.

Logistics Network Optimization Software 98

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Inventory Management Software 98

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

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.”. The time to ship the goods from your supplier on the other side of the world to you is usually only a fraction of the total lead time. Short-term capacity issues at your suppliers.

Agile and Lean Supply Chain 83

Agile and Lean Supply Chain Lean Inventory Reduction Price Reduction 83

ShipBob

SEPTEMBER 24, 2021

Fast fulfillment starts with proper warehouse management , which determines how efficiently you receive, track, and store inventory in a way that gets customers orders out the door faster. But how do you know if a warehouse is performing well? In this article, learn how to track warehouse performance by monitoring the right KPIs.

Optimal Sourcing 52

Optimal Sourcing Warehousing Inventory Reduction Inventory Management Software 52

Logistics Bureau

SEPTEMBER 4, 2023

Process Performance What if the problem isn’t connected to products, customers, or pricing but lies instead with process performance? Supply/Inventory Management Inventory management problems and supplier relationship issues , too, can creep in over time and eat away at your profit margins.

Negotiating Skills 98

Negotiating Skills Purchasing Skills Cost Reduction Strategies Analysis 98

Unleashed

JUNE 8, 2023

Behind every successful product business is a thoughtful procurement strategy designed to optimise the supplier management and purchasing process. Procurement is the process of sourcing suppliers , negotiating sales terms, and purchasing the goods a company needs to run its daily operations.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Vendor Strategies Material Savings 52

Logistics Bureau

JANUARY 1, 2025

Acknowledgement: In purchasing, acknowledgement is the term used to describe a suppliers confirmation that the buyers purchase order has been received, and hence, that the order is accepted. Automated Guided Vehicle System: An automated system in a warehouse that uses unmanned vehicles to move inventory from place-to-place.

Supply Chain Planning Software 76

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 76

Unleashed

MARCH 23, 2021

By strictly managing this area of activities, organisations are able to ensure that they always have their required supply of materials delivered to the right place, at the right time, in the right quantity, of the right quality, at a reasonable price. Inventory management is about a lot more than just keeping a tidy warehouse.

Material Savings 98

Material Savings Purchasing Skills Manufacturing Procurement Negotiating Skills 98

Supply Chain Matters

JULY 7, 2023

According to the June report summary , the primary driver of the latest decline was the inventory metric, which reportedly contracted 6.5 Consequently, the warehousing capacity metric increased a reported 6.8 Both metrics contributed to the overall contraction in the LMI along with contracting price levels for transportation.

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Inventory Reduction Negotiate Pricing 52

Precoro

JULY 29, 2024

It offers a single interface where users can submit purchase requests, get approvals, select suppliers, place orders, process invoices, create receipts, and track payments. Procurement managers find it challenging to track supplier performance and compliance, which can result in missed opportunities for better pricing and terms.

Procurement Solutions 105

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