Precoro

DECEMBER 24, 2024

Read on to explore key AI use cases in procurement, the challenges businesses face, strategies to overcome them, and the exciting opportunities AI brings for the future. This gives them advance warning so they can adjust their purchasing strategies. Here are the topics we’ll cover at a glance : What is AI in procurement?

Price Reduction 105

Price Reduction Sourcing Strategies Cost Reduction Strategies Expense Reduction 105

Supply Chain Shaman

MAY 14, 2025

Demand shaping takes several forms–advertising, price incentives, promotions, and new product launch. The problems are many. First the logic is only appropriate for turn volume items where there is no demand shaping activity. With demand shaping the logic changes becoming push then pull.

Modeling 294

Modeling Material Savings Vendor Strategies Supply and Demand 294

Freightos

APRIL 23, 2025

billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions. Ready to Transform Your Freight Operations?

Optimal Sourcing 227

Optimal Sourcing Benchmarking Manufacturing Procurement Procurement 227

The Logistics of Logistics

NOVEMBER 5, 2024

He is responsible for driving strategy, customer engagement, and industry analysis. Prior to joining DAT, Adamo led the pricing and decision science teams at FedEx. Prior to his career in logistics, Adamo worked in pricing and analytics at a deregulated energy provider.

Optimal Sourcing 246

Optimal Sourcing Freight Analytics Software Forecasting 246

RFgen

DECEMBER 4, 2024

In the automotive sector, manufacturers are simultaneously reducing inventory costs and delivery times. We’ll examine the key components of efficient supply chains, explore essential performance metrics, and uncover the fundamental drivers that influence efficiency.

Sourcing Strategies 96

Sourcing Strategies Inventory Reduction Waste Reduction Expense Reduction 96

Logistics Viewpoints

MAY 11, 2025

vehicle imports remains in place, though discussions on reducing it are ongoing. Steel and Aluminum The agreement eliminates the 25% tariffs previously applied to UK steel and aluminum exports to the U.S. beef from 1,000 to 13,000 metric tons , removing the 20% tariff within that limit. The UKs current 10% tariff on U.S.

Negotiating Skills 152

Negotiating Skills Pharmaceutical Cost Reduction Strategies Price Reduction 152

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. When they’ve found the best option, the procurement team works to negotiate pricing, discounts, and long-term terms.

Pricing Training 105

Pricing Training Expense Reduction Price Reduction Purchasing Training 105

ToolsGroup

JANUARY 21, 2025

This year’s conference brought together industry leaders, tech pioneers, and retail professionals to address challenges and opportunities, to explore technologies and strategies that promise to revolutionize the industry. Here are the key insights we gathered firsthand at this year’s event.

Supply Chain Planning Software 156

Supply Chain Planning Software Forecasting Software Inventory Reduction Price Reduction 156

ToolsGroup

MARCH 25, 2025

Beyond simply improving forecast accuracy, todays ML-powered demand forecasting software uncovers hidden supply trends, anticipates pricing fluctuations, and enables proactive supply chain planning decisions. According to McKinsey , organizations implementing AI-driven demand forecasting solutions can reduce forecast errors by 30% to 50%.

Supply and Demand 156

Supply and Demand Forecasting Forecasting Software Modeling 156

Supply Chain Shaman

AUGUST 14, 2016

The client leaned across the table and asked, “Is a customer-centric supply chain strategy the same as a demand-driven supply chain strategy?” Drawing from the Whiteboard: Building Customer-Centric Supply Chain Strategies. The focus is on channel data: price; inventory positions; and policies. Order Policy.

Material Savings 247

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 247

Precoro

MARCH 27, 2025

That’s why organizations zero in on strategies to achieve procurement cost reduction.    The key thing to remember is that cost reduction in procurement isn’t just about slashing expenses. It cuts costs yet helps maintain product quality and smooth operations. Negotiate better contract terms.

Cost Reduction Strategies 45

Cost Reduction Strategies Price Reduction Expense Reduction Vendor Strategies 45

The Logistics of Logistics

MAY 1, 2024

Samuel Parker and Joe Lynch discuss DAT iQ: the metrics that matter. DAT iQ provides freight intelligence to inform your budget and procurement strategies so you can navigate market volatility with greater confidence and agility. Analyze pricing trends and pinpoint seasonal changes with 13-month pricing histories on each lane.

Metrics 246

Metrics Logistics Network Optimization Software Analytics Software Optimal Sourcing 246

Supply Chain Shaman

MAY 12, 2025

Price increases. Would their jobs be eliminated? Their jobs were gradually eliminated. Learn that the traditional goals of supply chain focused on functional cost reduction sub-optimize the value of the firm. Form and socialize your own hierarchy of metrics. Shifting sands. Ocean booking cancellations.

Modeling 195

Modeling Waste Reduction Supply Chain Planning Software Supply Chain Design Software 195

Freightos

APRIL 23, 2025

billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions. Ready to Transform Your Freight Operations?

Optimal Sourcing 156

Optimal Sourcing Benchmarking Manufacturing Procurement Modeling 156

SCMDOJO

APRIL 15, 2025

However, building such a supply chain requires smart strategies , the right partners, andmost importantlythe ability to adapt quickly when things go wrong. In this article, well explore proven strategies to safeguard your supply chain, minimize risks, and keep your business running smoothly, no matter what obstacles lie ahead.

Vendor Strategies 66

Vendor Strategies Sourcing Strategies Price Reduction Resource Reduction 66

Logistics Viewpoints

APRIL 6, 2023

Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services. By working closely with suppliers, organizations can improve the quality and reliability of their in-bound supply chains, reduce costs, and increase their overall efficiency.

Optimal Sourcing 246

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings 246

Supply Chain Shaman

OCTOBER 5, 2018

The award, based on beating the industry peer group on rate of improvement on the key metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) while outperforming their peer group, is tough to achieve. The orbit chart below illustrates L’Oréal’s performance at the intersection of two metrics.

Case Study 329

Case Study Inventory Reduction Study Agile and Lean Supply Chain 329

SCMDOJO

JANUARY 29, 2025

Supply chain reports are data-driven documents that provide key metrics and insights into various aspects of your supply chain, including: Inventory Levels Tracking stock levels in real-time to ensure adequate inventory to meet demand while minimizing holding costs. What are Supply Chain Reports?

Inventory Reduction 95

Inventory Reduction Negotiating Skills Cost Reduction Strategies Waste Reduction 95

Supply Chain Shaman

APRIL 18, 2023

The global supply chain is built on three assumptions: rational government policy, availability of reasonably priced logistics, and low variability. For organizations layered in functional metrics and driving a cost agenda, this is a tough nut to crack. The traditional leader values cost reduction but is blind on how to value time.

Supply Chain Planning Software 417

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 417

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 56

Purchasing Skills Negotiating Skills Negotiate Pricing Procurement Analytics 56

SCMDOJO

JANUARY 9, 2025

This article delves into how these two elements, working together, can transform procurement strategies into long-term competitive advantages. By engaging in rigorous supplier selection and negotiation, companies can secure better pricing and ensure higher quality standards.

Optimal Sourcing 96

Optimal Sourcing Manufacturing Procurement Procurement Solutions Negotiating Skills 96

Logistics Bureau

JANUARY 21, 2025

An efficient supply chain strategy is one that takes every aspect of your supply chain into account, from inventory management and warehouse design to freight tendering and transport optimisation. Supply chain efficiency focuses on improving your processes whilst also reducing costs. What is Supply Chain Efficiency?

Supply Chain Design Software 98

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 98

Jaggaer

FEBRUARY 5, 2025

Now well dive into best practices in these critical areas to ensure a more effective and resilient sourcing strategy. 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 Shaman

NOVEMBER 15, 2021

We Assumed that Transportation Would Always Be Available And That We Just Needed to Negotiate Price. Lane RFPs focused on cost reduction, but few asked if they had a feasible plan. Without any penalties for failure for first-pass tender acceptance, carriers and shippers have played a shell game on price.

Supply Chain Design Software 355

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

Logistics Viewpoints

DECEMBER 7, 2021

Carrier capacity management strategies ease the crunch. Proactive shippers have used multi-carrier parcel shipping technologies and strategies to navigate rising carrier costs for years. Multi-carrier shipping strategies also need rules in place related to delivery time requirements, special conditions (hazmat, refrigeration, etc.),

Capacity 274

Capacity Price Reduction Cost Reduction Strategies Inventory Reduction 274

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. This has changed.

Supply Chain Planning Software 355

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 355

Logistics Viewpoints

FEBRUARY 29, 2024

UPS dominated business and trade headlines for a day in late January when the world’s largest package delivery company announced plans to cut 12,000 full- and part-time management jobs as part of a new initiative called “Fit to Serve.” Metrics are critical as well. What stood out even more was the “subhead” of UPS’ announcement.

Supply Chain Planning Software 320

Supply Chain Planning Software Supply Chain Design Software Resource Reduction Analytics Software 320

Supply Chain Game Changer

AUGUST 21, 2022

A solid supply chain and logistics strategy is essential for large companies. Using a logistics-oriented strategy helps companies better understand their suppliers, improve customer service, and optimize shipping. Smart logistics strategies can reduce wastage and improve operational costs. Subscribe Here! Email Address.

Inventory Reduction 104

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 104

Supply Chain Shaman

DECEMBER 17, 2018

The lubricants are oils and greases to reduce friction and prevent moving machine parts from grinding. Completed in 2012, the ERP project forced the company to standardize organizational design, roles, and metrics. They saw a steady drop in inventory and reduced working capital by about 50% over the period of 2011-2015.

Demand Planning Software 322

Demand Planning Software Supply and Demand Supply Chain Planning Software Supply Chain Design Software 322

Supply Chain Shaman

DECEMBER 15, 2022

When reviewing strategy decks for supply chain teams, I often see statements like “move from a functional-silo’d focus to a drive a more holistic response.” In my research, I find that the lack of alignment has a direct impact to value (operating margin and market price to book value). Functional Metrics.

Manufacturing Procurement 397

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Procurement Analytics 397

Supply Chain Shaman

JULY 22, 2019

A clear definition of purpose and alignment of business process to corporate strategy is an apparent characteristic of companies that outperform. The broader the definition of end-to-end strategy and the alignment of supply chain processes drives value. The focus on functional silo excellence and transactional processing reduces value.

Supply Chain Design Software 305

Supply Chain Design Software Supply Chain Planning Software Gartner Supply Chain Software 305

Supply Chain Shaman

JUNE 29, 2021

Using balance sheet data from 2011 to 2019, we chart companies’ progress by peer group on rate of improvement and performance in the metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC). Leaders put meaning into their strategies. It seems easy, right? Most are just that words.

Supply Chain Planning Software 370

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Design 370

SCMDOJO

MARCH 8, 2024

In this blog, we’ll explore some key inventory optimization strategies that can benefit businesses of all sizes and industries. Top 5 Inventory Optimization Strategies Explained Managing inventory efficiently is vital for any business. Read more on Optimizing Inventory and Lead Time Management on our website SCMDOJO!

Inventory Reduction 98

Inventory Reduction Optimal Sourcing Cost Reduction Strategies Resource Reduction 98

Logistics Viewpoints

JULY 30, 2024

Cheap spot rates and rock-bottom contract pricing have been a welcome relief for shippers — albeit brutal for truckers — looking to preserve cash flow and protect margins in what many predict will be a higher-for-longer interest rate environment. However, over-the-road transportation costs remain low.

Inventory Reduction 303

Inventory Reduction Real-time Visibility Supply Chain Planning Software Supply Chain Design Software 303

RFgen

NOVEMBER 13, 2024

Key components of mobile inventory management include: Smartphone app: Allows field agents to log information, analyze metrics, and manage tasks even in remote areas with limited connectivity. By utilizing mobile inventory management, businesses can make informed decisions, reduce errors, and improve overall efficiency.

Inventory Management Software 96

Inventory Management Software Real-time Visibility Inventory Reduction Inventory Management 96

The Logistics of Logistics

SEPTEMBER 15, 2023

About Jonathon McKay Jonathon McKay is a highly experienced partner at PATH specializing in exceptional growth strategies for the supply chain industry. Focused on logistics, manufacturing, and distribution channel strategies, Jonathon helps organizations make confident decisions for bold growth. The Greenscreens.ai

Price Reduction 278

Price Reduction Company Supply Chain Strategy Logistics Network Optimization Software 278

Logistics Viewpoints

DECEMBER 15, 2022

Price Index Elasticity for Pricing and Promotion Planning: As we are going through global price inflation and facing a recession, consumers and businesses are becoming more conscious of their spending and looking to minimize costs when shopping for goods and services. This is where advanced analytics and AI/ML techniques help.

Optimal Sourcing 262

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 262