SCMDOJO

APRIL 11, 2025

Running procurement and supply chain without metrics is like driving blindfolded. Control Costs: Track value beyond just the purchase price and manage inventory effectively. Decoding the Metrics: What Are They Telling You? Why You Need Visibility of Supply Chain and Procurement KPIs?

Pricing Training 62

Pricing Training Negotiating Skills Purchasing Skills Optimal Sourcing 62

Precoro

JULY 16, 2023

The purchasing department plays a critical role in the success of an organization. Thought-out practices and well-managed workflows within the purchasing department are crucial for making sure that the company has the necessary resources available at the right time and at a reasonable cost.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

SCMDOJO

JANUARY 9, 2025

By engaging in rigorous supplier selection and negotiation, companies can secure better pricing and ensure higher quality standards. Key Benefits of Smart Solutions Data-Driven Decision-Making Smart solutions provide real-time data analysis, offering insights into market trends, supplier performance, and pricing fluctuations.

Optimal Sourcing 98

Optimal Sourcing Manufacturing Procurement Procurement Solutions Negotiating Skills 98

Talking Logistics

OCTOBER 29, 2013

You could answer them with a purchase order (P.O.) You write an RFQ, screen candidates, create a short list, select the provider, and negotiate service requirements and a cost structure. Your stakeholders can: Align sourcing, purchasing, logistics, and I.T. Commit to systems and process training. Why is it late?

Pricing Training 168

Pricing Training Purchasing Skills Purchasing Training Supply Chain Planning Software 168

Logistics Viewpoints

JULY 27, 2021

What’s more, bots don’t require paychecks, benefits, vacations, training or other workforce overhead. A January 2021 DOT report suggests that “only 48% of trucking firms would be able to buy the technology in the decade after it becomes available.” Knowing the details will equip you to either negotiate or hold tight based on facts.

Supply Chain Planning Software 246

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

Jaggaer

FEBRUARY 5, 2025

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. Since reverse auctions focus heavily on price competitiveness, this can be easily done with sourcing software tools.

Sourcing Strategies 52

Sourcing Strategies Negotiating Skills Optimal Sourcing Price Reduction 52

Supply Chain Shaman

JANUARY 9, 2024

The group’s response is, “Are these supply chain metrics?” ” For many stuck in the myriad of functional metrics, like Operational Efficiency (OEE), Purchase Price Variance (PPV), or transportation cost, a focus on growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) is a stretch.

Supply Chain Planning Software 388

Supply Chain Planning Software Pharmaceutical Supply Chain Planning Gartner 388

Logistics Viewpoints

JUNE 1, 2023

The Russian invasion of Ukraine and the following economic sanctions spiked energy prices and created new sourcing challenges for certain agricultural products and raw materials. This means they are more likely to focus on value and affordability and change their priorities and brand preferences when making purchases.

Supply Chain Planning Software 277

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 277

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

Procurement Academy

OCTOBER 19, 2023

A crucial part of successful procurement strategies is the art and science of negotiation. Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract.

Negotiating Skills 52

Negotiating Skills Pricing Training Negotiate Pricing Purchasing Training 52

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

RFgen

MAY 30, 2025

This pilot-then-scale approach minimizes risk and cements executive buy-in. Pilot zone: Deploy 510 robots in a high-impact area, train operators and refine SOPs. Real-time metrics from each sprint let you fine-tune robot tasks and layouts on the fly, so every subsequent phase runs more efficiently.

Supply Chain Software 69

Supply Chain Software Vendor Strategies Cost Reduction Strategies Supply Chain Planning Software 69

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). The company also taught them to understand the basics of negotiation and risk management.

Supply Chain Software 34

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

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. It puts you in control of your stock, allowing for optimized inventory levels, better demand forecasting, and improved purchase planning.

Inventory Management Software 96

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

Supply Chain Shaman

DECEMBER 17, 2018

Completed in 2012, the ERP project forced the company to standardize organizational design, roles, and metrics. Over this period of 2013-2014 Shell made good progress on inventory, but faced unprecedented supply price volatility. The planners would then drive all replenishment planning (for make, move or buy) directly in Orchestr8.The

Demand Planning Software 323

Demand Planning Software Supply and Demand Supply Chain Planning Software Supply Chain Design Software 323

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). The company also taught them to understand the basics of negotiation and risk management.

Supply Chain Software 30

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

ToolsGroup

APRIL 1, 2022

How the War in Ukraine is Impacting the Supply Chain and Raw Material Prices. Increased Prices Resulting from Shortages and Supply Chain Issues. 82% of people have concerns that the supply chain will ruin life plans, such as birthdays, vacations, holidays, and the purchasing of necessary items. Chain Store Age ).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Supply Chain Planning 207

Precoro

MAY 19, 2025

Instead of developing strategies to keep spend management and purchasing compliant, companies end up with multiple instances of maverick spend or unsustainable vendor behavior. Procurement compliance means ensuring all purchasing activities adhere to applicable regulations, laws, internal policies, and external guidelines.

Procurement Analytics 45

Procurement Analytics Procurement Solutions Manufacturing Procurement Examples 45

Procurement Academy

SEPTEMBER 26, 2024

On the surface, businesses invest in training programs to improve the skillset of their employees and enhance team performance. However, the effectiveness of these training programs relies on a lot of factors, many of which are overlooked. Well-trained professionals will ultimately make better decisions.

Buyer Training 52

Buyer Training Pricing Training Purchasing Training Negotiating Skills 52

Procurement Academy

JANUARY 16, 2025

Typically, a procurement audit report will review areas such as the agreement of contracts, pricing data and purchase information, financial statements, stakeholder data and supplier performance records. The outputs are then monitored and managed to ensure they are always fit for purpose.

Procurement Analytics 52

Procurement Analytics Sourcing Strategies Optimal Sourcing Negotiating Skills 52

Logility

JULY 31, 2024

New product introductions, price changes and promotions, and trade and industry shows are just some of the initiatives driven by this team. The challenge is understanding how external factors like regulatory approvals, tariffs, and commodity pricing will impact your business. Resolve new training opportunities.

Supply and Demand 191

Supply and Demand Forecasting Forecasting Software Supply Chain Planning Software 191

Logility

JULY 31, 2024

New product introductions, price changes and promotions, and trade and industry shows are just some of the initiatives driven by this team. The challenge is understanding how external factors like regulatory approvals, tariffs, and commodity pricing will impact your business. Resolve new training opportunities.

Supply and Demand 195

Supply and Demand Forecasting Forecasting Software Supply Chain Planning Software 195

Supply Chain Shaman

OCTOBER 13, 2022

The larger the organization, the more tension with conflicting functional metrics making decisions more difficult. While ocean container volume fell 8% in September and ocean transportation prices are 71% lower year-over-year, don’t get lulled to sleep. Functional metrics need to be abandoned to focus on balanced scorecard outputs.

Supply Chain Planning Software 222

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Software 222

GlobalTranz

AUGUST 9, 2016

The are the 8 Rights of Lean Transportation thinking: Right Materials, Right Quantity, Right time, Right Place, Right Source, Right Price, Right Quantity, and. Metrics and Key Performance Indicators (KPIs) measure how well the shipper-transportation provider does in daily continuous improvement. Right Service. Problem-solving methods.

Waste Reduction 120

Waste Reduction Agile and Lean Supply Chain Lean Cost Reduction Strategies 120

Supply Chain Shaman

JUNE 29, 2016

The network senses, translates, and orchestrates market changes (buy and sell-side markets) bi-directionally with near-real time data to align sell, deliver, make and sourcing organizations outside-in. Thoma Bravo purchased Elemica in June 2016. This is a missionary buying market where taxonomies and technologies are not clear.

Supply Chain Network Software 186

Supply Chain Network Software Supply Chain Planning Software Supply Chain Design Software Demand Planning Software 186

Supply Chain Shaman

AUGUST 14, 2016

The network senses, translates, and orchestrates market changes (buy- and sell-side markets) bidirectionally with near real-time data to align sell, deliver, make and sourcing organizations outside-in. The focus is on channel data: price; inventory positions; and policies. Customer-Centric Supply Chain Processes. The Building Blocks.

Material Savings 246

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 246

The Logistics & Supply Chain Management Society

JULY 20, 2020

Consumption in the crisis was initially supported by panic-buying. Pricing decisions can be integrated with demand and supply planning. Predictive demand can propose prices changes, subject to stock levels and replenishment capacity. These are likely to influence shoppers buying choices. Agility and visibility.

Agile and Lean Supply Chain 230

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 230

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. IT team members are aware of the requirements necessary for a technology to function properly, whereas procurement professionals are skilled at contract sourcing and negotiation.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

Supply Chain Shaman

AUGUST 11, 2015

Procurement focus shifted from traditional programs focused on solely on contract management, price and term negotiations, and supplier scorecards to include the evolution of supplier development to manage product quality and multi-tier supplier relationships in and across value chain relationships.

Supply Chain Design Software 150

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

SCMDOJO

MAY 23, 2025

Leaders must ensure the right questions are asked, the right metrics are tracked, and the right teams are aligned around decisions. They must translate models into action, balance efficiency with resilience, and rally teams around long-term supply chain goals that go beyond quarterly metrics. Equally critical is upskilling.

Prescriptive Analytics Software 54

Prescriptive Analytics Software Procurement Analytics Analytics Software Supply Chain Planning Software 54

Supply Chain Shaman

APRIL 1, 2015

I am speaking this morning at the Terra Technology conference and doing a book signing of my new book, Supply Chain Metrics That Matter. And at what price? The LogicTools product was purchased for $15 million in 2007 by ILOG. ILOG was then purchased by IBM for $340 million in 2008. It is morning in Orlando.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Network Design Software Optimization Software 150

SCMDOJO

APRIL 26, 2023

This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money. Category management can incorporate data-based array planning, inventory control, and product pricing with the mutual objective of enhancing sales performance and operational efficacy.

Procurement Solutions 107

Procurement Solutions Manufacturing Procurement Procurement Analytics Optimal Sourcing 107

SCMDOJO

MAY 30, 2024

Furthermore, this allows management to identify areas of strength and areas that require improvement, enabling targeted training and development initiatives. Leads Warehouse Staff: Provides training, and supervision, and ensures adherence to safety and security regulations.

Optimal Sourcing 97

Optimal Sourcing Logistics Network Optimization Software Pricing Training Inventory Reduction 97

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

JANUARY 19, 2025

The ways to find and buy items online with instant processing had changed the customers’ views on the whole chain. But convenience is not the only trait of a click-to-buy process. Loans can save you everything, from funding inventory purchases to pay for innovations in common functions.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Expense Reduction Inventory Reduction 52

Logistics Bureau

DECEMBER 6, 2024

As market and buying trend data becomes more abundant and IT systems more connected, retailers can better estimate demand and adapt their ordering. Note that this may require extra training for people who will do the sorting. Forecast demand better. Speed will be an important factor. Design reverse logistics into operations.

Reverse Logistics 74

Reverse Logistics Logistics Network Optimization Software Vendor Strategies Cost Reduction Strategies 74

Precoro

JULY 29, 2024

An online procurement system, also known as e-procurement software, is a digital platform designed to streamline and automate the buying process within an organization. At its core, an online procurement system centralizes purchasing activities. At its core, an online procurement system centralizes purchasing activities.

Procurement Solutions 105

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