Precoro

AUGUST 14, 2023

More and more companies are acknowledging the importance of centralizing and optimizing their procurement operations. One of the ways to accomplish this is to establish a procurement team to streamline ordering by centralizing purchases and improving supplier relations. What are the duties of a procurement manager?

Negotiating Skills 98

Negotiating Skills Purchasing Skills Buyer Training Procurement Solutions 98

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. To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

ivalua

FEBRUARY 10, 2023

Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy.

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Sourcing Strategies Price Reduction Purchasing Skills Manufacturing Procurement 264

Supply Chain Game Changer

MAY 12, 2021

Featuring Our 12 Best Procurement Articles! New age of negotiation article and permission to publish here provided by Sam Jenks at kodiakrating.com. We negotiate on a daily basis. Sometimes negotiations are small and sometimes they hold a bit more value or impact. But, there are two sides to every negotiation table.

Negotiating Skills 69

Negotiating Skills Negotiate Pricing Buyer Training Expense Reduction 69

Procurement Academy

OCTOBER 19, 2023

A generic approach to training is not the solution to the increasing range of challenges facing procurement teams. This means that skills enhancement across wider roles is required for procurement professionals, with a focus on role-specific learning.

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Buyer Training Purchasing Training Negotiating Skills Optimal Sourcing 52

SCMDOJO

SEPTEMBER 18, 2023

Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. So, get ready to elevate your communication skills and gain a deeper understanding of the procurement domain.

Negotiating Skills 101

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 101

SCMDOJO

JULY 3, 2023

In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making.

Purchasing Training 84

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 84

Logistics Viewpoints

JULY 8, 2024

Meanwhile, customers’ procurement operations were seeing a new generation of talent come of age who were pushing for better value-added services and shipment visibility. In the first year after Uber negotiated new rates, KRONOS saved close to 20% on transportation. In the following years, savings ranged from 4-5%.

Cost Reduction Strategies 238

Cost Reduction Strategies Optimal Sourcing Resource Reduction Negotiating Skills 238

SCMDOJO

APRIL 20, 2023

If you’re eyeing a role as a Procurement Manager (or are looking to hire one), you’re in the right place! As a procurement Manager, you’ll play a crucial role in overseeing the purchasing and procurement process for a company or organization, making sure they get the best bang for their buck.

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Negotiating Skills Optimal Sourcing Procurement Analytics Manufacturing Procurement 100

SCMDOJO

FEBRUARY 13, 2023

The procurement department is an integral part of any organization, playing a crucial role in the purchasing process. To get the most out of any procurement team, all the associated key roles need to be filled with qualified individuals that understand both technology and the principles of supply chain management.

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Negotiating Skills Purchasing Skills Negotiate Pricing Procurement Analytics 87

Unleashed

JANUARY 8, 2024

Procurement management directly impacts your bottom line, making it a critical component of running a profitable product-based business. In this article, we look at the different stages of procurement management. We’ll also explore project procurement management and the relationship between procurement and supply chain management.

Procurement Solutions 52

Procurement Solutions Pricing Training Negotiating Skills Purchasing Skills 52

Precoro

NOVEMBER 13, 2023

Financial efficiency, cost savings, and profitability undoubtedly fall under the main priorities of upper management, regardless of a company’s industry. However, only 30% of CPOs claim they have achieved their cost-saving targets in 2023. Why Is Purchase Price Variance Important?

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

Precoro

JANUARY 29, 2024

Escalating expenses associated with rising prices of raw materials, finished goods, third-party services, and labor along the entire supply chain expose businesses to a heightened threat of margin reduction. In this article, we will discuss how a robust procurement management plan can help address and mitigate the effects of inflation.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Planning Software 98

Procurement Academy

JUNE 26, 2024

Finding skilled professionals to manage complex marketplace networks is a challenge Skill Dynamics often see in businesses we speak to. We equip individuals and organizations with the knowledge and expertise they need as a solution – both to optimize their supply chains and empower their businesses to thrive.

Negotiating Skills 52

Negotiating Skills Optimal Sourcing Purchasing Skills Buyer Training 52

Supply Chain Game Changer

NOVEMBER 15, 2018

Check out What Exactly Is Procurement? When preparing for a negotiation, it is common to identify the issues to be negotiated, decide on negotiating tactics to use on your supplier, think through what your supplier may say and practice saying the words you’ll use during the negotiation. And What is Purchasing?

Negotiate Pricing 62

Negotiate Pricing Negotiating Skills Purchasing Skills Procurement Analytics 62

Jaggaer

JUNE 28, 2024

Direct) procurement needs to be on top of this because the COO’s decisions could easily change the volume and destination of what you buy, and who you buy it from. New skills in demand Moreover, now that sensors, the internet of things and artificial intelligence have become the norm, the skills needed in procurement have radically changed.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Negotiating Skills Supply Chain Software 52

ProcurePort

MARCH 28, 2024

Negotiation is at the heart of procurement. Whether you’re securing the best prices, managing supplier contracts, or resolving disputes, the ability to negotiate effectively is crucial for procurement professionals. In business today, being good at negotiation is more than just getting a good deal.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Buyer Training Procurement 52

SCMDOJO

JUNE 7, 2023

As a result, the industry is growing, changing, and becoming more demanding, increasing the importance of language skills more than ever. Let’s learn how language is an important skill in supply chain and operations management. Let’s learn how language is an important skill in supply chain and operations management.

Negotiating Skills 77

Negotiating Skills Buyer Training Negotiate Pricing Supply Chain Design Software 77

ivalua

JANUARY 29, 2020

In the UK, we recently had the Prime Minister’s top adviser, Dominic Cummings, talking about the need for “ weirdos and misfits with odd skills ” to shake things up. . What does this mean for procurement and supplier management? That’s not something many procurement professionals traditionally consider. .

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Negotiating Skills Negotiate Pricing Optimal Sourcing Procurement 213

Procurement Academy

SEPTEMBER 22, 2022

In today’s competitive talent landscape, organizations across sectors struggle to attract the procurement talent they need. According to CIPS Salary Guide , UK procurement salaries grew 4.9% Get your procurement function ready. Get your procurement function ready. Create a procurement function with ‘pull’.

Negotiating Skills 52

Negotiating Skills Buyer Training Purchasing Training Procurement 52

ProcurePort

SEPTEMBER 8, 2022

• Strategic procurement refers to a long-term plan to enhance the supply of specific goods and services essential to meeting an organization’s core objectives. Strategic procurement is a […]. The post Strategic Procurement and Supply Chain Management: What is it?

Negotiating Skills 52

Negotiating Skills Optimal Sourcing Procurement Supply Chain Planning 52

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. At the heart of it all, an effective procurement strategy remains paramount.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

Talking Logistics

MAY 3, 2017

Note: Today’s post is part of our “ Editor’s Pick ” series where we highlight recent posts published by our sponsors that provide practical knowledge and advice on timely and important supply chain and logistics topics. Price is just one component of the decision-making process—not the only factor to consider.

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Negotiating Skills Shipping Price Reduction Cost Reduction Strategies 0

Proxima

JUNE 5, 2023

As the supply chain crisis ends, it’s time to pivot to cost. It was a frenetic period from March 2020 when the Covid-19 pandemic hit, followed by a series of events from the Suez Canal blockage to Russia’s war on Ukraine, that scrambled supply chains and ratcheted up costs. So why are prices are still going up?

Negotiating Skills 52

Negotiating Skills Cost Reduction Strategies Purchasing Skills Procurement Solutions 52

ivalua

MAY 6, 2021

The past few years have been a boon for procurement, which has become increasingly strategic and critical to business. The pandemic has accelerated this trend, with the Procurement function front and center in the fight to ensure supply chain resilience and continuity, reduce costs and protect the bottom line.

Optimal Sourcing 130

Optimal Sourcing Supply Chain Software Negotiating Skills Predictive Analytics Software 130

Freightos

JANUARY 15, 2024

The implication for global freight beyond the now typical uncertainty is predictably elevated operational costs and soaring freight rates. It may be off a lower-than-normal base price but for importers and exporters suffering from lower sales, it’s almost certainly troubling news.

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Negotiating Skills Optimal Sourcing Price Reduction Cost Reduction Strategies 310

QAD

MAY 14, 2024

Supplier Relationship Management (SRM) is a crucial practice to ensure operational efficiency, supply chain resilience and strategic decision-making. By developing and maintaining mutually beneficial relationships with suppliers, organizations can improve pricing, reliability and innovation, gaining a competitive edge in the market.

Negotiate Pricing 78

Negotiate Pricing Negotiating Skills Optimal Sourcing Sourcing Strategies 78

OptiProERP

DECEMBER 18, 2023

Procurement and purchasing are terms interchangeably used in manufacturing but are distinct activities. In this blog, we will see how purchasing and procurement differ. From invoicing, making payments, and managing suppliers, procurement saves time while building positive supplier relationships.

Manufacturing Procurement 52

Manufacturing Procurement Purchasing Skills Procurement Solutions Negotiating Skills 52

ivalua

FEBRUARY 27, 2023

Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Solutions Purchasing Skills 130

ivalua

AUGUST 17, 2021

What does Procurement mean? An organization’s Procurement function is responsible for managing spend, in other words the buying goods and services that are used to make the products sold to customers as well as the purchasing of products and services used to run the organization on a day to day basis. What is Direct Procurement?

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 130

Precoro

SEPTEMBER 6, 2021

This month, we continue our Procurement Basics series and would like to introduce our readers to yet another set of often misused business terminology. As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Procurement. Takes a strategic approach.

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

SCMDOJO

JUNE 28, 2024

The growing number of women in supply chain roles is a testament to their skills, expertise, and determination. Through their knowledge of logistics, operations, and strategic planning, women are forging successful careers and making a substantial impact on this sector.

Negotiating Skills 63

Negotiating Skills Optimal Sourcing Purchasing Skills Supply Chain Design Software 63

Logistics Viewpoints

MARCH 24, 2022

Retailers also took steps to contain costs and preserve margins as they reoriented toward e-commerce like never before, including putting solutions in place to more effectively navigate carrier capacity caps and improve the visibility, accessibility, and mobility of inventory. Procurement teams play an incredibly important role.

Supply Chain Planning Software 238

Supply Chain Planning Software Optimization Software Logistics Network Optimization Software Forecasting Software 238

QAD

APRIL 7, 2022

Procurement, also sometimes known as purchasing, is the group responsible for acquiring components, services, and other materials to manufacture a company’s products and to keep the operation running. But corporate procurement isn’t quite as simple as placing an order on Amazon or another web marketplace. Basic Responsibilities.

Manufacturing Procurement 96

Manufacturing Procurement Procurement Solutions Negotiate Pricing Purchasing Skills 96

Procurement Academy

OCTOBER 18, 2023

Effective and skilled employees are the backbone of any successful organization. Here’s why you need to prioritize skill proficiency to drive business results. Skill proficiency equals business performance Skill proficiency is a crucial part of building a successful team.

Negotiating Skills 52

Negotiating Skills Buyer Training Supply Chain Performance Pricing Training 52

GlobalTranz

OCTOBER 16, 2015

, at Cerasis, we know a thing or two about the nuances of LTL procurement. We've negotiated rates with all the major carriers and maintained them. LTL procurement is something we do very well. So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement.

Negotiating Skills 120

Negotiating Skills Price Reduction Cost Reduction Strategies Optimal Sourcing 120

ivalua

DECEMBER 8, 2020

Procurement’s stature has grown during the COVID-19 crisis as costs, cash flow and supply continuity quickly became top boardroom priorities and homepage news. Across the world, procurement leaders have risen to the challenge. People should be thankful, and procurement practitioners proud. Sharpen Your Sales Skills.

Optimal Sourcing 130

Optimal Sourcing Procurement Solutions Negotiating Skills Purchasing Skills 130