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. This metric closely aligns with digital transformation progress. This metric also impacts others like speed, visibility, and cost savings. . #2

Negotiate Pricing 140

Negotiate Pricing Metrics Supply Chain Software Benchmarking 140

Logistics Bureau

SEPTEMBER 4, 2023

Have you conducted a cost-to-serve (CTS) analysis for your enterprise? And that is the sole purpose of cost-to-serve analysis. If you were going to say, “What is a cost-to-serve analysis?” When costs begin to spiral out of control, the result is usually a loss of revenue in proportion to sales.

Negotiating Skills 74

Negotiating Skills Purchasing Skills Cost Reduction Strategies Analysis 74

SCMDOJO

JULY 3, 2023

Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. You can successfully traverse the complexities of procurement processes with the knowledge, abilities, and tactics you gain during procurement training.

Purchasing Training 78

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 78

Supply Chain Shaman

FEBRUARY 18, 2021

Re-implement demand planning, trade promotion management, and revenue/price management together to improve the baseline demand signal. Initially, the output was published to procurement to design strategic buying strategies. The focus of the transportation suites was on cost mitigation and price negotiation.

Supply Chain Planning Software 278

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

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

SCMDOJO

MARCH 19, 2024

In essence, a structured supply chain department as described in the blog can help you deliver the right supply chain strategy and goals which helps cost reduction, improve customer service, on-time delivery, and better working capital. This avoids duplication of efforts and ensures a smooth flow of goods and services.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

GlobalTranz

OCTOBER 16, 2015

We've negotiated rates with all the major carriers and maintained them. So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. 10 LTL Procurement Cost Cutting Tips. Analyze bids for optimal pricing and service scenarios.

Negotiating Skills 120

Negotiating Skills Price Reduction Cost Reduction Strategies Optimal Sourcing 120

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. All of which results in faster deliveries, lesser miles driven and fuel cost savings. Fighting climate change with green logistics.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Purchasing Skills Optimal Sourcing 52

Talking Logistics

JUNE 30, 2015

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. As a strategic process, transportation procurement may still seem very tedious and challenging.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Material Savings Procurement 100

Logistics Bureau

APRIL 4, 2022

Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. So how can you be sure you’re getting the best freight rates possible?

Benchmarking 68

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 68

GlobalTranz

AUGUST 26, 2021

In addition, shippers were responsible for the whole of their operations, ranging from carrier negotiations through freight settlement and dispute resolution practices like reverse logistics. . Download the White Paper: Transportation Optimization: Its Strategic Role in Transportation Management. These include: . Learn More.

Logistics Network Optimization Software 283

Logistics Network Optimization Software Transportation Management 3PL Optimization Software 283

Taulia

JUNE 12, 2023

Blog Expert Advice 8 min read 12 Jun 2023 By Taulia Share: Share via linkedin Share via twitter Share via facebook Share via email Copied Copy page URL to clipboard 10 supply chain KPIs and metrics to track We’ve listed the 10 top supply chain KPIs you can use to measure your supply chain performance and find opportunities for optimization.

Procurement Analytics 52

Procurement Analytics Metrics Supply Chain Software Inventory Reduction 52

Procurement Academy

MARCH 12, 2024

What is strategic cost management? In brief, strategic cost management is implementing effective cost optimization strategies that lead to improved profitability, operational efficiency, and resource allocation. To take a look at our new interactive eLearning format for one of our Future Skills courses, view here.

Optimal Sourcing 69

Optimal Sourcing Negotiating Skills Purchasing Skills Buyer Training 69

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. IP is always one of the most difficult issues to negotiate.

Pricing Training 60

Pricing Training Purchasing Training Negotiate Pricing Negotiating Skills 60

EC Sourcing Group

MAY 17, 2023

Accurate classification of products, services, and suppliers forms the foundation for improved decision-making, cost optimization, and enhanced supply chain management. Spend classification can often go unnoticed, despite its critical influence over successful procurement strategy.

Optimal Sourcing 52

Optimal Sourcing Negotiating Skills Negotiate Pricing Sourcing Strategies 52

NC State SCRC

NOVEMBER 2, 2023

But he did learn that finance is a necessary skill to take with you wherever you go, and sought a job were he could always that go to work everyday, and be able to state that “Today I was able to impact the bottom line. .” He also worked in area where he had no previous knowledge – travel, hotel, and credit cards.

Procurement Analytics 52

Procurement Analytics Negotiating Skills Manufacturing Procurement Optimal Sourcing 52

GlobalTranz

SEPTEMBER 23, 2021

Such congestion naturally leads to bottlenecks in planning drayage and eventual increases in the total cost of shipping, not to mention an added strain on trucking as the bottlenecks grow.? . Increasing fuel costs also play into the available capacity woes.? ? on-highway diesel fuel prices are up $0.898 from the end of August 2020.

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

Supply Chain Game Changer

NOVEMBER 3, 2022

Thoughts on Future Challenges and the Strategic Direction of Supply Chain! Modern bookkeeping systems are a perfect tool for monitoring the financial information of your company that might help you improve supply chain cost control. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

Supply Chain Planning Software 115

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

ivalua

AUGUST 17, 2021

Capturing Value occurs when a contract has been established that governs the responsibilities and obligations of both supplier and buyer, and well as when the organization has the right Procure-to-Pay processes in place to ensure compliance to those agreements, goods, services and prices. . This includes staffing, office costs etc.

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 130

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

Logility

APRIL 2, 2020

Strengthening a negotiating position. Gaining consensus on strategic relationships. Most often, your measurements will require exceptions to handle strategic suppliers who have special status. 3 Get the metrics right. Supplier metrics should be captured about monthly. Developing suppliers into better partners.

Negotiating Skills 157

Negotiating Skills Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 157

Procurement Academy

OCTOBER 11, 2023

This offers an explanation for how individuals acquire professional skills; 70% of these learned as part of their day-to-day work 20% come from interactions with coworkers and customers The final 10% are the result of formal training. An alternative objective to this involves your team undertaking a skills gap assessment.

Buyer Training 52

Buyer Training Purchasing Training Price Mitigation Strategies Training 52

Precoro

MAY 22, 2023

The IT procurement process encompasses a range of steps, from establishing IT requirements all the way to negotiating contracts with vendors. Additionally, a well-executed process can help organizations achieve cost savings while avoiding implementation risks. Gartner anticipates a 5.5% growth in global IT spending from 2022.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

ModusLink Corporation

OCTOBER 16, 2023

Companies face the challenge of meeting customer demands for faster delivery, maintaining cost efficiency, and adapting to ever-changing market dynamics. ModusLink, as a trusted 3PL partner, specializes in efficient logistics management that reduces costs and streamlines operations.

3PL 78

3PL Supply Chain Planning Software Negotiating Skills Modeling 78

OptiProERP

MAY 18, 2023

It involves sourcing, negotiation, ordering, delivery, and payment for goods or services. The main objective of direct procurement is to ensure that the company has a reliable supply of high-quality materials at the lowest possible cost. Also Read: Learn How Procurement Automation Reduces Costs and Delivery Times.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

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. Strategic Supply Spend.

Purchasing Skills 70

Purchasing Skills Manufacturing Procurement Procurement Analytics Procurement Solutions 70

GlobalTranz

JANUARY 4, 2017

And our client engages with 3PL by open book cost plus contracts and gain share and pain share incentive. What are the major KPI’s to be followed under the below attributes: Cost or Cost Savings. Customer metrics. Use Value Engineering : Reduce the Cost and retain the function of anything. Performance or Service.

Modeling 194

Modeling Negotiating Skills Cost Reduction Strategies Scenario Planning 194

Logistics Viewpoints

DECEMBER 7, 2021

They face higher costs. In some cases, those same caps bring even higher costs. They have less negotiation power with carriers and partners. Proactive shippers have used multi-carrier parcel shipping technologies and strategies to navigate rising carrier costs for years. They must navigate carrier parcel volume caps.

Capacity 191

Capacity Price Reduction Cost Reduction Strategies Inventory Reduction 191

Logistics Viewpoints

JULY 19, 2021

A ton of steel can cost as little as $700. A pound of apples costs about the same as a pound of steel, yet steel is a complex product produced using high-tech metallurgical and manufacturing processes. The goal is to produce an integrated plan that meets the strategic goals of the overall organization.

Supply Chain Planning Software 264

Supply Chain Planning Software Scenario Planning Supply Chain Planning Negotiating Skills 264

Unleashed

MARCH 28, 2021

This knowledge helps to eliminate supply chain delays and if issues do arise, ensures troubleshooting is a relatively painless process because valuable relationships have been established. When done properly SRM can achieve greater efficiencies, reduce wholesale costs, and optimise supply chain performance. Reduces costs.

Negotiate Pricing 111

Negotiate Pricing Cost Reduction Strategies Price Reduction Negotiating Skills 111

Unleashed

JUNE 15, 2023

The Cost of Goods Sold formula is: Opening Inventory + Purchases + Production Costs – Closing Inventory = Cost of Goods Sold Below, we explain what the cost of goods sold (COGS) is, why it’s important for product businesses, and how to calculate COGS using the cost of goods sold formula. What is cost of goods sold?

Purchasing Skills 52

Purchasing Skills Negotiating Skills Examples Cost Reduction Strategies 52

EC Sourcing Group

MAY 31, 2023

Managing spending is a top priority for executive teams across industries, and purchase price variance (PPV) holds immense significance in controlling costs. PPV measures the variation between the actual purchased price and the standard baseline price of goods and services.

Negotiating Skills 52

Negotiating Skills Purchasing Skills Negotiate Pricing Procurement Solutions 52

Logistics Viewpoints

JULY 27, 2021

The pandemic taught consumers that the most convenient and safest way to “get that thing” is to order it online and have it delivered, increasing not only the demand for qualified drivers but also the cost to hire. An impressive case study to be sure, but alas, the cost of the technology is still prohibitive for most companies.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Predictive Analytics Software 246

The Logistics of Logistics

OCTOBER 8, 2012

This SLA/KPI has to be negotiated and agreed upon by you and your 3PL partner.This negotiation time can take three (3) to Six (6) months. Both public and contract accounts have to negotiate prices and contracts. All have accessorial pricing for pallets, wrapping, labeling and other miscellaneous charges to be negotiated.

Third Party Logistics 145

Third Party Logistics Negotiating Skills Purchasing Skills KPI 145

Logistics Viewpoints

MARCH 29, 2024

The food and beverage company was selected for award negotiations to receive up to $170 million from the Department of Energy’s Office of Clean Energy Demonstration to support the implementation of clean energy projects at 10 of the company’s US plants. Senate for further consideration.

Prescriptive Analytics Software 251

Prescriptive Analytics Software Logistics Network Optimization Software Supply Chain Software Logistics 251

Supply Chain Game Changer

NOVEMBER 19, 2018

From planning to negotiating to buying, from moving goods to processing goods, and from managing data to managing inventory. While every function must help your company grow and prosper when the heat is on uninformed Executives can view Supply Chain as merely a Cost Centre. Pressures for Cost Reduction in Supply Chain.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

By crafting a well-defined strategy, businesses can mitigate transportation costs, mitigate supply chain disruptions, and uphold customer satisfaction. Cost Structure – What does the response include and is this complete and competitive when compared with other submissions. Local Charges – Agreement and Tenure.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130