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

SCMDOJO

FEBRUARY 15, 2025

Improve collaboration between suppliers, manufacturers, and logistics partners. Businesses need to identify vulnerabilities in their networks, from supplier dependencies to transportation delays. By establishing relationships with multiple suppliers across different regions, companies can reduce dependency on a single provider.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Modeling Inventory Reduction 78

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. Only 29% of companies have active supplier development groups. Retail shelves are increasingly empty.

Supply Chain Design Software 355

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

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

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? Requiring suppliers to contract only sub-suppliers who follow certain standards could be a good start. But, it can be overdone.

Waste Reduction 274

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

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 85

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

Logistics Viewpoints

FEBRUARY 17, 2023

The initiative involves placing RFID tags on packages and wearable devices on employees to eliminate manual scans, reduce misloads, and accelerate parcel throughput in the delivery giant’s warehouses. Last year’s negotiations took place as dozens of container ships were backed up off the coast of California waiting to unload cargo.

Logistics Network Optimization Software 278

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

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

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 57

Pricing Training Negotiating Skills Purchasing Skills Optimal Sourcing 57

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 264

Logistics Network Optimization Software Negotiating Skills Manufacturing Procurement Negotiate Pricing 264

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

Supply Chain Shaman

JUNE 29, 2022

The automotive industries–with the poorest capabilities to plan and manage suppliers–will suffer the most. The answers lie in investments in supplier development teams, the simplification of the bill of materials and product platforms, and analytics to forecast requirements based on consumption. What to do? Conclusion.

Supply Chain Design Software 259

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

Enchange Supply Chain Consultancy

JUNE 19, 2024

Consider transportation, warehousing, and distribution challenges. Understanding cost to serve is critical before commencing distributor negotiations. Understand their market positioning, pricing, and promotional tactics. Consider developing new supplier partnerships if necessary to support market entry.

Negotiating Skills 260

Negotiating Skills Supply Chain Planning Software Resource Reduction Inventory Management Software 260

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

The Logistics of Logistics

APRIL 6, 2013

Transportation Cost Drain #1 - Fuel Prices. Fuel prices continue to fluctuate due to economic conditions. Although today, diesel prices are down, just within the past year we have seen them hit almost $5.00 Will you be ready if and when fuel prices go? Could your carriers be using the price of oil to justify increases?

Negotiating Skills 154

Negotiating Skills Purchasing Skills Cost Reduction Strategies Negotiate Pricing 154

Logistics Bureau

NOVEMBER 29, 2024

But in general terms, retailers need to deal with; very broad product ranges, ranges that change, perhaps by season, possibly high levels of promotional activity, a broad supplier base and maybe some long supply lead times if there is a high degree of importing. Price; this needs to be competitive. Then we have in-store logistics.

Supply Chain Planning Software 75

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

RFgen

APRIL 18, 2025

China, and the EU, trade barriers are driving more than price changes. Immediate Cost Surges and Planning Chaos The most obvious tariff impact on supply chains is pricing. That means reworking contracts, renegotiating supplier deals, or even abandoning entire product lines. But the real disruption is in predictability.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Price Reduction Cost Reduction Strategies 52

GlobalTranz

DECEMBER 2, 2014

The first post covered how you can get the DC or warehouse ready for the holidays or peak seasons. . For the freight world holiday shipping or for shippers in any peak season (such as those who ship plants for the spring time) it gets chaotic, everyone is trying to clear docs, empty warehouses, and get their books in order.

Cost Reduction Strategies 215

Cost Reduction Strategies Price Reduction Vendor Strategies Resource Reduction 215

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

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

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

My Office Apps

DECEMBER 7, 2023

Building Strong Relationships with Suppliers: Efficient procurement goes beyond just placing orders. It involves building and managing strong relationships with suppliers. IMS facilitates this by providing comprehensive supplier databases, performance tracking, and communication tools.

Inventory Reduction 105

Inventory Reduction Inventory Management Software Cost Reduction Strategies Optimal Sourcing 105

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. Only 29% of companies have active supplier development groups. Retail shelves are increasingly empty.

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. Only 29% of companies have active supplier development groups. Retail shelves are increasingly empty.

Supply Chain Design Software 195

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

Supply Chain Shaman

SEPTEMBER 28, 2012

Or contracts and negotiations. In my mind, it is the end-t0-end process: from the customer’s customer to the supplier’s supplier. Hospitals have reduced cash-to-cash cycles by improving accounts payable and squeezing suppliers. The group agreed that it cannot only be about price. Or pumps and valves.

Pricing Training 262

Pricing Training Supply Chain Design Software Waste Reduction Purchasing Training 262

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

DECEMBER 14, 2023

These agencies are experts at finding good suppliers, talking about fair deals, and making sure everything gets to where it needs to be. Task-Specific Services: Primarily involved in tasks like supplier identification, negotiation, and quality control. It makes the job of getting goods and services easier.

Purchasing Skills 99

Purchasing Skills Optimal Sourcing Negotiating Skills Sourcing Strategies 99

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. Spend can be classified either as direct or indirect.

Purchasing Skills 90

Purchasing Skills Manufacturing Procurement Procurement Analytics Procurement Solutions 90

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

SCMDOJO

SEPTEMBER 4, 2023

In this effort, Logistics Service Providers (LSPs) are essential because they provide a variety of supply chain management solutions that simplify warehouse operations, order processing, and transportation. LSPs generally endow tremendous inventory management and warehousing solutions, conveyance of orders and international logistics.

Logistics Network Optimization Software 98

Logistics Network Optimization Software Negotiating Skills 3PL Negotiate Pricing 98

Supply Chain Game Changer

SEPTEMBER 28, 2022

Historically Supply Chain was considered to include Procurement, Warehousing, Freight and Logistics. It clearly manages supplier payment terms and conditions, defining Accounts Payable. Procurement negotiates and sets the conditions for purchase of all goods and services, which by extension impacts cash flow.

Negotiating Skills 118

Negotiating Skills Supply Chain Planning Software Negotiate Pricing Supply Chain Strategy 118

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 82

Pricing Training Purchasing Skills Purchasing Training Negotiating Skills 82

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 95

Negotiating Skills Purchasing Skills Cargo Negotiate Pricing 95

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. Moreover, by selecting reliable suppliers, negotiating favorable terms, and ensuring timely delivery, the supply chain department can optimize procurement processes and minimize costs.

Optimal Sourcing 97

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 97

Talking Logistics

FEBRUARY 21, 2019

Trading Partner Agreements – Current agreements with vendors typically need to be expanded to include dropship pricing. Negotiations with the vendors to understand product costs and evaluating profitability is critical in this step. This can also affect their warehouse management system (WMS) and drive changes in that application.

Negotiating Skills 145

Negotiating Skills Vendor Strategies Negotiate Pricing Manufacturing Procurement 145

Talking Logistics

FEBRUARY 22, 2016

The article goes on to say [emphasis mine]: The shift, part of what Ralph Lauren says is a long-planned action, will move warehousing and inventory management service from a North Carolina distribution center run by XPO Logistics Supply Chain Inc.—an Based on recent news articles, it seems like the practice of squeezing suppliers continues.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Software Negotiating Skills Negotiate Pricing 100

Locus

JUNE 3, 2022

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. Sustainable warehousing.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Purchasing Skills Optimal Sourcing 52