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

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 165

Negotiate Pricing Negotiating Skills Purchasing Skills Price Reduction 165

Resilinc

FEBRUARY 20, 2024

In our Q&A, Shahzaib discussed predictive AI, which is used for supply chain disruption monitoring, hurricane simulators, commodity predictions, supplier screening, and predictive purchase orders. This helps diversify the supply chain, reduce over-reliance on critical suppliers, and mitigate risks.

Predictive Analytics Software 96

Predictive Analytics Software Modeling Supply Chain Planning Software Supply Chain Software 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. AT A HIGH LEVEL …. Influenceable and Managed Spend.

Purchasing Skills 70

Purchasing Skills Manufacturing Procurement Procurement Analytics Procurement Solutions 70

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 Optimal Sourcing Procurement Solutions Procurement Analytics 120

Supply Chain Matters

JULY 7, 2023

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. Consequently, transportation prices reportedly declined 8.9 Jason Price, Senior Research Director , U.S. percentage points in June.

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Inventory Reduction Negotiate Pricing 52

Ware2Go

JANUARY 7, 2022

At that time, 31% had raised prices on end consumers to offset the negative impact. Further, 18% had re-routed freight or re-negotiated with carriers – and 12% absorbed the extra cost. About 9% even had stopped offering free shipping to recover costs, while 7% held off on ordering peak inventory to see if prices would level off.

Just-in-Time 52

Just-in-Time Optimal Sourcing Manufacturing Procurement Supply Chain Disruption 52

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

Unleashed

DECEMBER 14, 2021

By warehousing products then delivering usable quantities of goods to the buyer, wholesalers are a key part of the food & beverage supply chain for businesses such as restaurants, cafes and retailers. Food wholesalers warehouse products in bulk, then provide usable amounts to businesses – from restaurants to hospitals.

Food 98

Food Purchasing Skills Distribution Price Reduction 98

DynaSys

OCTOBER 7, 2021

Sourcing and supplier performance. Visibility is fundamental to efficient procurement, especially if supplier relationships span design, manufacturing, and distribution. Advanced Analytics let you monitor supplier performance on delivery, price, and service to strengthen negotiations and partnerships.

Analytics Software 52

Analytics Software Supply Chain Planning Software Analytics Supply Chain Design Software 52

ToolsGroup

JUNE 27, 2022

Or let’s say Scoops decides to acquire its dairy supplier. So Scoops acquires its supplier or its retailer but not another manufacturer. Essentially, the company buys its supplier. In the case of Scoops, this means I could buy my dairy, waffle cone, chocolate syrup, brownie bits, cookie dough, or even peanut butter suppliers.

Price Reduction 156

Price Reduction Cost Reduction Strategies Material Savings Supply Chain Planning Software 156

QAD

JANUARY 19, 2023

E-commerce brands must oversee design, manufacturing, sourcing, warehouse inventory, shipping and delivery. Supply chain management is typically broken into three large buckets of intricate processes and roles: Concept: the full cycle, from sourcing and procurement to fulfillment.

Supply Chain Planning Software 95

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 95

Supply Chain Matters

DECEMBER 13, 2022

This action represents a reported 77 percent premium to the company’s closing stock price on November 22, 2022, the last full trading day prior to media reports involving a potential transaction. The company’s stock price has been down 64 percent year-to-date. million, compared to $283 million in the year-earlier period. Reportedly: “.during

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Negotiate Pricing 52

Locus

DECEMBER 7, 2021

Presently, their major focus lies on local production, warehousing and strategic sourcing. Oil price fluctuations. Fluctuations in oil prices and oil supply disruptions are majorly caused by political events, supply pipeline issues or weather problems. Optimize sourcing decisions.

Supply Chain Disruption 52

Supply Chain Disruption Optimal Sourcing Modeling Supply Chain Planning Software 52

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 Cost Reduction Strategies Supply Chain Planning Software Inventory Reduction 274

Unleashed

OCTOBER 4, 2023

Shipping specifically refers to the transportation of goods from one location to another ­– typically from the seller’s distribution centre or warehouse to the buyer’s address. This helps in maintaining healthy profit margins and staying competitive in pricing. Why is order fulfilment important to get right?

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Resource Reduction Cost Reduction Strategies 52

Precoro

MAY 19, 2023

Such measures can include, for example, pushing for better supplier deals or adjusting the internal workflows. Days payable outstanding (DPO) This metric describes how many days on average it takes a company to pay the invoices of the suppliers, vendors, or financiers.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

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 73

Purchasing Skills Optimal Sourcing Negotiating Skills Sourcing Strategies 73

Unleashed

MARCH 16, 2021

Liaising with suppliers and negotiating with new suppliers. Managing storage facilities and warehouse operations. Time is limited when it comes to sourcing, tendering and negotiating with suppliers. Source the right technology. Select a supplier. Select a supplier. Make payment.

Purchasing Skills 59

Purchasing Skills Manufacturing Procurement Procurement Solutions Procurement Analytics 59

ModusLink Corporation

JULY 15, 2022

in Europe, the rise of e-commerce is pressuring retailers, manufacturers, transport, warehouse and logistics companies to fulfil and deliver fast, in full, and meet high expectations for order status visibility, service and returns. This aspect should never be underestimated as it allows for a much better negotiation position.

Supply Chain Software 78

Supply Chain Software Trends Supply Chain Negotiate Pricing 78

Unleashed

JANUARY 10, 2023

The 5 components of the supply chain planning process: Supply chain visibility Supply chain mapping Production optimisation Product pricing optimisation Implementation of supply chain planning software Combine these and you’ll get an optimised supply chain planning strategy that brings in extra revenue and helps you cut unnecessary business costs.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Design Software 52

Supply Chain Game Changer

MARCH 9, 2021

Suppliers for all materials and services have to be found, vetted, negotiated with, qualified, ramped up, tracked, managed, kept competitive and governed. Cash is king and cash flow management is the source of life, or the cause of death, of any company. Have an active supplier qualification and selection process.

Supply Chain Planning Software 90

Supply Chain Planning Software Negotiating Skills Supply Chain Design Software Purchasing Skills 90

3rdwave

NOVEMBER 29, 2018

While global freight cost varies significantly by industry and transportation mode, it is a major cost component of internationally sourced products. It is important to manage comprehensive freight negotiations and document all negotiated services and rates in support of obtaining optimized total freight rates.

Optimal Sourcing 88

Optimal Sourcing Global Transportation Negotiating Skills Supply Chain Optimization 88

Oracle SCM

AUGUST 1, 2018

ROI for collaboration and visibility projects can be defined in many areas of the supply chain, and by way of example (real projects) I can more easily share the value: A large grocery retailer had negotiated complex, long term, vendor managed inventory (VMI) agreements with several consumer goods suppliers.

Supply Chain Planning Software 104

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

Unleashed

MARCH 23, 2021

Materials management involves the sourcing, procurement, storage and utilisation of direct or indirect materials (see below) used in the manufacturing process. That means someone has to analyse sales data and forecast demand in order to build a pipeline of suppliers able to meet said demand throughout its peaks and troughs.

Material Savings 98

Material Savings Purchasing Skills Manufacturing Procurement Negotiating Skills 98

3rdwave

AUGUST 7, 2019

Most shippers depend on a multitude of data sources to provide them with the data points necessary to have access to the status of their products and the performance of the suppliers and service providers in their specific global supply chains. When the carrier or 3PL takes title to the shipment visibility improves…somewhat.

Global Transportation 75

Global Transportation Transportation Management Purchasing Skills Negotiating Skills 75

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.

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Elementum

MAY 1, 2018

Potential Sources of Disruption. Identifying sources of risk and developing a plan are only part of the story. Consider your suppliers' contingency planning strategy when selecting vendors, and test them regularly with different scenarios. What alternative plants/factories/sources of supply do they have at their disposal?

Pharmaceutical 94

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

Unleashed

FEBRUARY 14, 2024

These raw materials can be purchased from suppliers or extracted from natural resources. Purchasing raw materials from a supplier involves the negotiation of prices, contracts, and delivery terms. This can help reduce your risk of running out of materials, avoid price fluctuations, and ensure quality control.

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

SYSPRO Smarter ERP

OCTOBER 11, 2021

Each day these manufacturers manage complex supply chains , carry out highly precise production, and must negotiate a raft of regulations. This includes bi-directional traceability from source to receipt, processing, packaging, shipping to final consumption. In the event of a problem, full recalls are required and must be audited.

Manufacturing Procurement 119

Manufacturing Procurement Manufacturing Supply Chain Planning Software Purchasing Skills 119

Supply Chain Game Changer

JULY 28, 2020

Every source of materials and components, every manufacturing facility, every warehouse and distribution channel, and every logistics mechanism is duplicated. Knowing that some other competitor can do the same work it should keep their terms, service and pricing more competitive. Parallel Supply Chains.

Material Savings 100

Material Savings Expense Reduction Resource Reduction Inventory Reduction 100

Supply Chain Trend

OCTOBER 25, 2023

Closing the planning automation gap After more than hundred years of automating our physical assets in the supply chain, we now have automated warehouses, trucks, productions plants and delivery drones. IA’s can be applied to decision trees, using pre-negotiated decision policies, in order to augment, automate and learn from decisions.

Supply Chain Planning Software 88

Supply Chain Planning Software Negotiating Skills Supply Chain Software Modeling 88

Unleashed

JUNE 15, 2023

It’s an important inventory accounting metric for any company selling physical goods as it directly impacts profit margins and product pricing. This includes factory rental, equipment purchases, and maintenance and warehousing requirements. This refers to the inventory in the warehouse at the time the period starts.

Purchasing Skills 52

Purchasing Skills Negotiating Skills Examples Cost Reduction Strategies 52

EMERGE App

NOVEMBER 1, 2018

Today your wholesale suppliers are likely to be from China. Nonetheless, verifying wholesale suppliers in China can be challenging because of language barriers, fraud, and geography. Here, I’ll share with you some lessons that I learned about verifying whole suppliers when I ran a brick-and-mortar business. Introduction.

Negotiate Pricing 40

Negotiate Pricing Purchasing Skills Negotiating Skills Manufacturing Procurement 40

EC Sourcing Group

DECEMBER 17, 2018

Today I will share a fantastic success story from a strategic sourcing consultant who is friend of mine. The goal for my friend was to find a new supplier that could meet their quality standards – fast. Once they received the final bids, they scored the event and then commenced a negotiation with one bidder.

Manufacturing Procurement 40

Manufacturing Procurement Negotiating Skills Negotiate Pricing Quality 40

Claritum

JANUARY 25, 2019

Better prices from key suppliers. Controlled ease of access for employees to buy from approved suppliers. Many SMEs see automation as simply an IT project for exchanging information with suppliers, however fail to see other strategic and tactical operational benefits. A seamless and fast procurement process.

Negotiating Skills 36

Negotiating Skills Negotiate Pricing Supply Chain Software Purchasing Skills 36

KEPLER Consulting

DECEMBER 11, 2019

Non-updated product sheets in ERP (purchase price, MOQ, Incoterm,…) resulting in non-compliant supplier orders . Exhaust-data analyses (OTD, pallet volume, transport, suppliers, returns, etc.) Fixed orders placed with the supplier at the very early stage of the need, which generates overstocks. 2/ Order processing.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimal Sourcing Material Savings Inventory Reduction 52