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. Build Strong Supply Chain Sourcing Development Practices. In parallel, inflation, currently at 6%, is climbing.

Supply Chain Design Software 355

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

BlueYonder

APRIL 17, 2025

Companies importing and exporting goods, be it finished retail products, manufacturing components or materials, now face substantial cost and price pressures that squeeze margins and force difficult pricing, sourcing, operations and distribution decisions. The result?

Supply Chain Planning Software 90

Supply Chain Planning Software Supply Chain Software Price Reduction Material Savings 90

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. After the approval stage, the team reaches out to trusted suppliers in their catalog who can deliver the goods. They also continuously track supplier performance.

Pricing Training 105

Pricing Training Expense Reduction Price Reduction Purchasing Training 105

Supply Chain Brain

JUNE 16, 2025

Strong supplier agreements and pricing structures depend on consistent leadership. When management shifts frequently, relationships with vendors and service providers become unstable, leading to potential renegotiation delays, lost bulk pricing, and inconsistent service levels. Impact on vendor relationships.

Negotiating Skills 91

Negotiating Skills Supply Chain Planning Software Pricing Training Optimal Sourcing 91

Talking Logistics

NOVEMBER 12, 2014

There was no pre-established formula to adjust the pricing to account for specification or process changes. There was no pre-established formula to adjust the pricing to account for specification or process changes. Most suppliers are allowed only the slimmest of profits. Executives want to know every financial detail.

Negotiate Pricing 186

Negotiate Pricing Negotiating Skills Purchasing Skills Price Reduction 186

SCMDOJO

APRIL 11, 2025

A scorecard acts as your dashboard, providing crucial visibility that helps you: Make Data-Driven Decisions: Replace guesswork with facts when evaluating suppliers, processes, and inventory levels. Control Costs: Track value beyond just the purchase price and manage inventory effectively. Supplier lateness? Logistics issues?

Pricing Training 72

Pricing Training Negotiating Skills Purchasing Skills Optimal Sourcing 72

My Office Apps

OCTOBER 21, 2024

Vendor Relationship Management (VRM) helps businesses manage supplier interactions, track performance, and ensure smooth procurement processes. Let’s explore why these features are crucial for optimizing supplier relationships and driving business growth. Why is Vendor Relationship Management Important?

Vendor Strategies 98

Vendor Strategies Procurement Solutions Supply Chain Planning Software Optimization Software 98

Supply Chain Opz

NOVEMBER 9, 2014

Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks. To coordinate, contracts can be made with direct links in the supply chain, but how can organizations coordinate with the suppliers’ suppliers or the customers’ customers?

Waste Reduction 274

Waste Reduction Supply Chain Planning Software Cost Reduction Strategies Inventory Reduction 274

SCMDOJO

DECEMBER 14, 2023

In the global world of businesses, companies often seek help from sourcing agencies to figure out how to get the things they need. But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s explore this world of sourcing agencies and understand what they do.

Purchasing Skills 104

Purchasing Skills Optimal Sourcing Negotiating Skills Sourcing Strategies 104

Logistics Viewpoints

MAY 6, 2022

While all of this technology sounds pretty amazing, it should be said that this type of performance comes with a price tag. McCormick’s diverse supplier network helps shield it from Ukraine impacts. McCormick’s diverse supplier network helps shield it from Ukraine impacts. Warehouse vacancy rates sink to 27-year low.

Logistics Network Optimization Software 261

Logistics Network Optimization Software Negotiating Skills Manufacturing Procurement Negotiate Pricing 261

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

QAD

JANUARY 16, 2025

This complexity is amplified for organizations like KION Group AG with a global footprint, necessitating strong relationships and clear communication with suppliers at every level to respond proactively to shifting market conditions. million units worldwide, making it a key player in modern supply chains and warehouse automation.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Negotiating Skills 52

Clear Spider

OCTOBER 21, 2024

Spoiler: Effective inventory management strategies are key to navigating price hikes without passing excessive costs onto consumers. As prices continued to rise, purchasing power plummeted. Higher Production Costs: Raw material prices have surged, increasing the overall cost of production. Is Your Supply Chain Inflation-Proof?

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Purchasing Skills 52

RFgen

APRIL 18, 2025

China, and the EU, trade barriers are driving more than price changes. Tariffs are reshaping sourcing strategies, forcing tech upgrades, and making inventory planning a lot more complicated. Immediate Cost Surges and Planning Chaos The most obvious tariff impact on supply chains is pricing.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Price Reduction Cost Reduction Strategies 52

Cathy Roberson

MAY 25, 2025

Reported May 20 Let me take a moment to comment on our global sourcing strategy. Today, more than 50% of our purchases are sourced in the United States. During that period, the vast majority of our supplier partners developed diversified sourcing strategies across several countries, including the United States.

Purchasing Skills 67

Purchasing Skills Negotiating Skills Price Reduction Vendor Strategies 67

The Logistics of Logistics

SEPTEMBER 12, 2020

His primary research stream examines firms’ logistics operations, with an emphasis on studying motor carrier safety, productivity, pricing dynamics, and driver turnover. The department educates students to succeed in careers such as procurement, manufacturing, inventory management, warehousing, transportation, and customer service.

Supply Chain Design Software 130

Supply Chain Design Software Negotiate Pricing Negotiating Skills Supply Chain Design 130

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. Build Strong Supply Chain Sourcing Development Practices. In parallel, inflation, currently at 6%, is climbing.

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. Build Strong Supply Chain Sourcing Development Practices. In parallel, inflation, currently at 6%, is climbing.

Supply Chain Design Software 195

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

GlobalTranz

SEPTEMBER 12, 2016

In other words, an entire section of the supply chain must be devoted to purchasing, shipping, organizing and storing these various components at the procurement warehouse. The answer is closely linked with how a company markets and contacts suppliers and vendors, reports Srikanth Pinagali.

Manufacturing Procurement 120

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 120

Cathy Roberson

JUNE 9, 2025

As a reminder, the 5 levers we have available to address cost inflation, including tariffs, are negotiating with our suppliers, respeccing products, moving country of origin, dropping noneconomic items and leveraging our expanded multi-price capabilities. Winifred Y. And so that's been a big push for us. We are looking.

Negotiating Skills 56

Negotiating Skills Purchasing Skills Negotiate Pricing Retail 56

Supply Chain Game Changer

JANUARY 5, 2021

Purchase Price Variance, or PPV, is a common term in the realm of Purchasing/Procurement and Finance. In my experience proactive, attentive, and detailed Purchase Price Variance (PPV) can make an incredible contribution to the profitability of a company. What is Purchase Price Variance (PPV)? Subscribe Here! Email Address.

Pricing Training 96

Pricing Training Purchasing Skills Purchasing Training Negotiating Skills 96

GlobalTranz

FEBRUARY 17, 2016

This is the second part of my series on various ways to reduce overall costs as it relates to logistics and warehouse cost reductions. Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well. A Focus on Inventory Control Begets Warehouse Cost Reductions. First, data integrity is vital.

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Waste Reduction Vendor Strategies 120

IT Supply Chain

JUNE 18, 2025

The smartest contractors are switching to integrated platforms that unify purchasing, payments, and supplier coordination all in one place. Top-performing firms are using project management software that connects the dots between site needs, supplier availability, and accounting. When suppliers don’t get paid promptly, orders stall.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Procurement Analytics Supply Chain Planning Software 52

ivalua

OCTOBER 8, 2021

Disrupted supply chains had many retailers looking for alternative local suppliers for equipment, materials, supplies, and more. . Larger retailers may opt to leverage third-party intermediaries, who provide long-term warehousing for supplies and deliver them as needed, or act as the middleman between the retailer and service providers.

Optimal Sourcing 130

Optimal Sourcing Material Savings Procurement Analytics Procurement Solutions 130

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. AT A HIGH LEVEL …. Influenceable and Managed Spend.

Purchasing Skills 90

Purchasing Skills Manufacturing Procurement Procurement Analytics Procurement Solutions 90

Jaggaer

APRIL 9, 2025

but also external data such as supplier networks and performance, extended supply chains, and the environmental impact of their operations. For us at JAGGAER, this extendsamong other things to AI agents taking decisions autonomously to select the best options to reduce the cost and risks of supplier management.

Material Savings 52

Material Savings Inventory Reduction Manufacturing Procurement Waste Reduction 52

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. Grab yours now!

Optimal Sourcing 98

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 98

Supply Chain Game Changer

MAY 19, 2022

Employers have to offer higher wages to attract in-demand talent, which in turn raises the prices of products. Fuel prices are also rising, increasing the price of goods and shipping prices. These fuel price increases are expected to continue into the near future, so it’s expected that the price of goods will follow suit.

Negotiating Skills 98

Negotiating Skills Purchasing Skills Cargo Negotiate Pricing 98

EMERGE App

JULY 11, 2018

Google a phrase like “sourcing products from China” and you’ll instantly be faced by almost 39 million results! Customers demanded cheaper prices, more choices and faster fulfilment. You need to source for products to sell at wholesale prices to your retail customers. Introduction. Where Do I Start?

Purchasing Skills 64

Purchasing Skills Manufacturing Procurement Negotiate Pricing Negotiating Skills 64

SYSPRO Smarter ERP

JANUARY 12, 2022

They have a contract with a supplier who delivers on time, and who charges acceptable prices. If their main concern is that manufacturing doesn’t stop due to lack of stock, they are almost certainly overstocking the warehouse. A single supplier focus means that there is a high risk if the supplier closes its doors.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Procurement Solutions Supply Chain Planning Software 105

SCMDOJO

APRIL 29, 2024

From sourcing raw materials, manufacturing, and storage, to transportation and distribution, SCM ensures efficiency and cost-effectiveness throughout the entire journey. Sourcing: Sourcing is all about finding reliable suppliers, negotiating contracts, and managing relationships.

Supply Chain Planning Software 98

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

Unleashed

MARCH 9, 2021

In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. Undamaged shipment rate.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Locus

JUNE 3, 2022

Source: Statista.com. Transportation was redirected to be used in providing first aid, leading to supply chain bottlenecks, shortages and price hikes. This was followed by heavy rainfall that flooded which caused lumber companies to scale back production, leading to a rise in the prices of wooden products in the United States.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Purchasing Skills Optimal Sourcing 52

Precoro

SEPTEMBER 2, 2022

For some businesses – usually smaller or with a single-source purchasing flow – it may be sustainable to react to the immediate needs. Services procurement includes sourcing services provided by people – consultancy, for instance. Because encompassing all steps of purchasing cycle, it's also called the source-to-settle process.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Optimal Sourcing 98

ivalua

JUNE 1, 2022

Although Amrest utilizes a sourcing process, the liquidity gap blocks past analyses and data. . Amrest onboards new vendors at competitively-positioned pricing on a regular and consistent basis. By bridging the gaps, Amrest could even start the tendering process earlier with a wider range of suppliers. Part of the Solution.

Optimal Sourcing 130

Optimal Sourcing Negotiating Skills Negotiate Pricing Sourcing Strategies 130

Precoro

FEBRUARY 26, 2025

Within this setup, an ERP procurement module helps companies make purchases and manage suppliers. It helps manage purchasing, supplier relationships, and order processing while integrating procurement with finance, inventory, and other core business functions. Frequently Asked Questions What Is ERP in Procurement?

Procurement Solutions 45

Procurement Solutions Optimal Sourcing Procurement Analytics Manufacturing Procurement 45

Supply Chain View from the Field

DECEMBER 16, 2013

Globalization is now increasingly linked to labor costs in countries such as China, as well as fuel costs and regulatory shifts, which are in turn driving a dramatic impact on where companies source, where they produce, and the complexity of processes required to sell to the customer. The age of “hard ball negotiating” is over.

Predictive Analytics 117

Predictive Analytics Analytics Software Procurement Analytics Supply Chain Design Software 117