ToolsGroup

OCTOBER 14, 2024

Spare parts supply chains, however, come with their own set of complexities, requiring targeted strategies and specialized tools to meet these unique demands effectively. This volatility necessitates advanced forecasting tools to anticipate and prepare for irregular demand patterns.

Inventory Reduction 156

Inventory Reduction Negotiating Skills Optimal Sourcing Cost Reduction Strategies 156

ivalua

FEBRUARY 10, 2023

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. Let’s explore further.

Sourcing Strategies 264

Sourcing Strategies Price Reduction Purchasing Skills Manufacturing Procurement 264

DELMIA Quintiq

NOVEMBER 17, 2020

New technologies revolutionizing transportation are creating tremendous opportunities but also unprecedented challenges for tire manufacturers. The establishment of efficient global supply chains has become critical to competitiveness. To achieve this, having the right planning solution is crucial.

Optimal Sourcing 296

Optimal Sourcing Manufacturing Procurement Supply Chain Optimization Supply Chain Planning Software 296

Precoro

DECEMBER 24, 2024

Procurement AI enables teams to quickly process mountains of data, uncover hidden patterns, and automate repetitive tasks like invoice processing and supplier evaluations. AI in procurement refers to using advanced technologies to make procurement processes faster, more efficient, and data-driven.

Price Reduction 105

Price Reduction Sourcing Strategies Cost Reduction Strategies Expense Reduction 105

Supply Chain Shaman

FEBRUARY 18, 2021

The Covid-19 pandemic tested the global supply chain. Like riding a bumpy road, the supply chain leader is riding the ups and downs of changing market conditions facing greater variability day-to-day. Here, based on interviews with supply chain leaders, I share lessons learned. It will not be over soon.

Supply Chain Planning Software 355

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

My Office Apps

OCTOBER 21, 2024

What is Vendor Relationship Management (VRM) and Why It’s Essential for Your ERP and Inventory Software? Vendor Relationship Management (VRM) helps businesses manage supplier interactions, track performance, and ensure smooth procurement processes. By automating this process, you reduce errors and improve financial reporting accuracy.

Vendor Strategies 98

Vendor Strategies Procurement Solutions Supply Chain Planning Software Optimization Software 98

Freightos

APRIL 23, 2025

It creates a single source of truth for your rate management, automating RFQs and streamlining the entire procurement process. billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions.

Optimal Sourcing 156

Optimal Sourcing Benchmarking Manufacturing Procurement Procurement 156

SCMDOJO

OCTOBER 27, 2023

Supplier negotiation is the most critical skill in the world of procurement. Effective supplier negotiations do not limit to the best price but a mutually beneficial agreement from both the parties that can have a profound impact on the company. The following are common types of negotiation in procurement: 1.

Negotiate Pricing 105

Negotiate Pricing Negotiating Skills Pricing Training Purchasing Training 105

SCMDOJO

APRIL 3, 2025

Global trade is complex, and supply chains are intertwined and interconnected. Supply chain leaders must adapt and use smart strategies to remain competitive. This article explains how to understand US tariffs and lessen their impact on supply chains. Can you increase prices for customers?

Negotiating Skills 90

Negotiating Skills Resource Reduction Price Reduction Cost Reduction Strategies 90

Supply Chain Shaman

NOVEMBER 15, 2021

While we will recover quickly in retail (moving from painful shortages to a glut of inventory), the chemical industry–sitting four and five layers back in the supply chain–takes longer to recover. The value chain supporting all industries is sick, requiring a leadership step-change. Time For Action. ” [link].

Supply Chain Design Software 355

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

SCMDOJO

FEBRUARY 15, 2025

Supply chains are the backbone of global trade that ensure the smooth movement of goods and materials across industries. One of the most effective strategies for building resilience is integrating project management into supply chain operations. A well-managed supply chain does not just survive crises it thrives in them.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Modeling Inventory Reduction 78

SCMDOJO

JANUARY 9, 2025

Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Strategic Sourcing: The Foundation of Effective Procurement Strategic sourcing is far more than simply choosing suppliers. Done well, it can become a key driver of competitive advantage.

Optimal Sourcing 96

Optimal Sourcing Manufacturing Procurement Procurement Solutions Negotiating Skills 96

SCMDOJO

JANUARY 29, 2025

Supply chain reports offer a comprehensive view of your entire supply chain operation. They are powerful tools for businesses to identify areas for improvement, optimize processes, and gain a competitive edge. What are Supply Chain Reports?

Inventory Reduction 95

Inventory Reduction Negotiating Skills Cost Reduction Strategies Waste Reduction 95

BlueYonder

APRIL 17, 2025

The eruption of the trade war and subsequent shifts in tariffs has thrown organizations into disarray, and has them scrambling to understand the effects of tariffs on their businesses and supply chains. Global supply chains are the ground zero of the impact, rattling importers, exporters and domestic producers alike.

Supply Chain Planning Software 85

Supply Chain Planning Software Supply Chain Software Price Reduction Material Savings 85

Supply Chain Opz

NOVEMBER 9, 2014

Companies of all sizes have been capturing the value from Global Supply Chain to increase the economies of scale and scope for years. In this article, we will show you tips from worldwide experts that you can use to streamline your global supply chain operations. However, you may wonder what kind of practices really work.

Waste Reduction 274

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

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). In 2018, Rockwell Automation won the Supply Chains to Admire Award.

Supply Chain Software 34

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

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

Supply Chain Movement

MARCH 16, 2022

For an professional wholesaler, key KPIs like the service levels towards its customers, the service levels of its suppliers, the turnover of its inventory and the potential overstock should be in balance. The supply chain planning software of Blue Ridge does exactly that.

Supply Chain Planning Software 148

Supply Chain Planning Software Forecasting Software Demand Planning Software Optimization Software 148

Supply Chain Shaman

JUNE 29, 2022

The global supply chain that we know today is built on three assumptions: rational government policy, low variability, and availability of logistics. The impact varies by supply chain sector and value chain. Instead, supply chain leaders need to focus on the minimization of waste, and the alignment of signals.

Supply Chain Design Software 259

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Pricing Training 259

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. For example, marketing might need new office supplies, IT might need laptops, and the logistics team might require equipment. They also continuously track supplier performance.

Pricing Training 105

Pricing Training Expense Reduction Price Reduction Purchasing Training 105

Procurement Academy

APRIL 24, 2025

When you look behind the scenes of a global business operation, procurement strategy and supply chain management are usually top priorities, though theyre not always working in sync. This blog explores procurement vs supply chain strategy and looks at how aligning the two leads to operational excellence.

Optimal Sourcing 52

Optimal Sourcing Negotiating Skills Supply Chain Planning Software Supply Chain Design Software 52

Jaggaer

MARCH 24, 2025

Top 3 Procurement Technologies to Embrace in 2025 Staying ahead of key procurement technology and advancements is essential for CPOs who want to improve spend cost reduction, drive strategic value, and navigate the increasingly complex procurement landscape.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Procurement Solutions Negotiating Skills 52

Procurement Academy

FEBRUARY 11, 2025

Risks are guaranteed when dealing with a supply chain, but that doesnt mean you can afford to ignore them. Understanding and addressing any legal issues within your supply chain is vital to ensuring compliance with regulations and developing an effective chain that can operate efficiently and at scale.

Pricing Training 52

Pricing Training Buyer Training Purchasing Training Negotiating Skills 52

Supply Chain Shaman

SEPTEMBER 24, 2018

. <Bear with me… > Here I share a nine-step process in an attempt to help companies unravel the process for buying supply chain planning software. Let’s face a hard fact: the supply chain planning market is a mess. Most have purchased software, but are dependent on Excel spreadsheets.

Supply Chain Planning Software 252

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 252

SCMDOJO

APRIL 15, 2025

Consider this your business suddenly faces a major supply chain disruption. Perhaps a critical supplier goes out of business, a natural disaster halts shipments, or new regulations are introduced that throw a wrench in your entire process. Operational risks: Supplier bankruptcies, poor quality control, or delays in logistics.

Vendor Strategies 66

Vendor Strategies Sourcing Strategies Price Reduction Resource Reduction 66

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). In 2018, Rockwell Automation won the Supply Chains to Admire Award.

Supply Chain Software 30

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

Jaggaer

FEBRUARY 5, 2025

A successful approach requires careful assessment of supplier bids, followed by structured onboarding, continuous monitoring, and performance measurement. 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

Logistics Viewpoints

MARCH 3, 2021

A managed transportation service provider, “managed trans” for short, uses transportation management software and internal expertise to plan and execute freight moves for their customers. Many shippers are tough negotiators who work diligently to drive down carrier rates. The truckload and less-than-truckload market is cyclical.

Logistics Network Optimization Software 290

Logistics Network Optimization Software Negotiating Skills Negotiate Pricing Report 290

Supply Chain Trend

AUGUST 13, 2020

Preview In his 2019 Foresight article, Niels van Hove examined eight technological hurdles that must be overcome to enable autonomous or ‘lights out’ supply-chain planning. He reasoned that to support such planning we need to implement a third wave of integrated supply-chain planning software. Key Points.

Supply Chain Software 147

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Forecasting Software 147

ivalua

SEPTEMBER 10, 2019

Use these tips and tools to identify, capture and convert relevant measurements into digital transformation. 1 Use automation for touchless processing – “Touchless” means data is electronic, transactions match the first time and need no human intervention. Digital sourcing tools can help make this a more manageable metric. #3

Metrics 140

Metrics Negotiate Pricing Supply Chain Software Benchmarking 140

Logistics Viewpoints

FEBRUARY 17, 2023

aims to block from obtaining American high technology. The company plans to invest $140 million in the initiative in 2023 as it implements the technology at its 940 remaining U.S. Some companies expect to cut ocean-freight rates by half or more, which in turn could allow retailers to slow or stop price increases for goods.

Logistics Network Optimization Software 278

Logistics Network Optimization Software Waste Reduction Cost Reduction Strategies Resource Reduction 278

Jaggaer

OCTOBER 24, 2024

Building Stronger Relationship s : Effective Approaches to Multi-Tier Supplier Collaboration A chain is only as strong as its weakest link—but what if you can’t evaluate the entire chain? Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain.

Negotiate Pricing 52

Negotiate Pricing Optimal Sourcing Supply Chain Planning Software Sourcing Strategies 52

SCMDOJO

APRIL 11, 2025

Understanding how your Procurement and Supply Chain KPIs are performing isn’t just a nice-to-have; it’s essential for survival and growth. But what if you could get a clear, birds-eye view of your core performance without investing in complex, expensive software? Check out SCMDOJO’s Supply Chain KPIs Dashboard!

Pricing Training 57

Pricing Training Negotiating Skills Purchasing Skills Optimal Sourcing 57

Clear Spider

OCTOBER 21, 2024

Now’s the time for businesses to look back at the strain that rising inflation put on their supply chains and inventory management. Protecting your bottom line starts with a better understanding of the ways inflation affects supply chain management. As prices continued to rise, purchasing power plummeted.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Purchasing Skills 52

Logistics Bureau

NOVEMBER 29, 2024

Like any Supply Chain, Retail Supply Chains have their own unique challenges. They’re different from the Supply Chains you might see in industrial companies or wholesaling companies. The retail supply chain is dealing with the consumer directly and the customer really is King.

Supply Chain Planning Software 75

Supply Chain Planning Software Retail Supply Chain Strategy Supply Chain Planning 75

SCMDOJO

FEBRUARY 21, 2025

Why Your Procurement Strategy is More Critical Now Than Ever Before In an era of global supply chain disruptions, a robust procurement strategy is no longer optionalits essential. Build strong supplier partnerships for long-term stability. Optimize costs without compromising supply chain continuity.

Optimal Sourcing 53

Optimal Sourcing Supply Chain Disruption Vendor Strategies Cost Reduction Strategies 53

ThroughPut

MAY 15, 2025

Spare Parts Management Software is becoming mission-critical for Maintenance, Repair, and Operations (MRO) professionals; especially those overseeing complex fleets, heavy industrial equipment, or distributed facilities. Spare Parts Management Software deliver measurable impact across maintenance, procurement, and operations.

Procurement Solutions 52

Procurement Solutions Supply Chain Planning Software Optimal Sourcing Supply Chain Software 52