SCMDOJO

DECEMBER 14, 2023

Task-Specific Services: Primarily involved in tasks like supplier identification, negotiation, and quality control. Diverse Expertise: Leverages collective knowledge and resources for a more comprehensive and streamlined procurement process. Limited Scope: Offers a more focused and individualized approach to the procurement process.

Purchasing Skills 75

Purchasing Skills Optimal Sourcing Negotiating Skills Sourcing Strategies 75

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

The Logistics of Logistics

AUGUST 21, 2023

Richard is Vice President of Strategic Accounts at Intelligent Audit , a cutting-edge logistics and supply chain technology company, dedicated to revolutionizing how businesses manage their shipping and transportation processes. Greenscreens.ai’s dynamic pricing infrastructure built to grow and protect margins. The Greenscreens.ai

Negotiating Skills 206

Negotiating Skills Logistics Network Optimization Software Optimization Software Analytics Software 206

My Office Apps

DECEMBER 7, 2023

This is a common challenge faced by companies today, constantly looking for optimization and cost savings. Efficient procurement processes not only streamline your purchasing cycle but also lead to better inventory management and ultimately, reduced costs. One area with significant potential for improvement is procurement.

Inventory Reduction 86

Inventory Reduction Inventory Management Software Cost Reduction Strategies Optimal Sourcing 86

Unleashed

MAY 30, 2024

Determining a product’s optimal price is one of the most important actions for maintaining a successful business. Effective product pricing should ensure you incorporate all the costs to produce goods and still make a profit. Why is optimal product pricing important?

Price Reduction 52

Price Reduction Negotiating Skills Purchasing Skills Negotiate Pricing 52

ivalua

MARCH 3, 2020

Cost information in healthcare is not only opaque to patients, it’s also unclear to providers. Availability and cost, which are closely related, are the key reasons for this. Despite greater past media attention on pharmaceutical pricing, the single greatest contributor to overall healthcare costs (a whopping 18 percent of the U.S.

Negotiating Skills 130

Negotiating Skills Negotiate Pricing Purchasing Skills Procurement Solutions 130

ivalua

FEBRUARY 25, 2020

Cost information in healthcare is not only opaque to patients, it’s also unclear to providers. Availability and cost, which are closely related, are the key reasons for this. Despite greater past media attention on pharmaceutical pricing, the single greatest contributor to overall healthcare costs (a whopping 18 percent of the U.S.

Negotiating Skills 130

Negotiating Skills Negotiate Pricing Purchasing Skills Procurement Solutions 130

Precoro

AUGUST 31, 2023

To prepare for possible disruptions and to stay cost-efficient in general, companies should be conscious about their spending at all times, and should avoid paying for the things that don’t contribute to business profitability. Cost savings help a business to stay competitive in the market, boost cash flow, and improve the bottomline.

Material Savings 105

Material Savings Cost Reduction Strategies Expense Reduction Price Reduction 105

SCMDOJO

FEBRUARY 13, 2023

[Read More: Top 16 Procurement KPIs – The Ultimate Guide ] Key Takeaways The procurement department is critical to an organization, obtaining quality goods and services at competitive prices while ensuring the organization’s resources are needed to succeed.

Negotiating Skills 87

Negotiating Skills Purchasing Skills Negotiate Pricing Procurement Analytics 87

RFgen

MARCH 20, 2023

Automated technologies and mobile inventory management systems can help align teams around a single source of truth when making inventory decisions. Sound purchasing management allows companies to buy goods in an efficient manner, limiting costs and increasing profits. Essential to this process is purchasing.

Sourcing Strategies 52

Sourcing Strategies Negotiating Skills Purchasing Skills Manufacturing Procurement 52

SCMDOJO

JULY 3, 2023

Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. You can successfully traverse the complexities of procurement processes with the knowledge, abilities, and tactics you gain during procurement training.

Purchasing Training 81

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 81

Logistics Viewpoints

FEBRUARY 2, 2023

How 3PLs Can Gain Visibility and a Competitive Advantage Offering Automated Billing and a Self-Service Interactive Customer Portal It’s hard to imagine a third-party logistics (3PL) business today operating without some form of a warehouse management system ( WMS ) connecting the digital dots.

Supply Chain Planning Software 206

Supply Chain Planning Software Inventory Management Software Analytics Software Forecasting Software 206

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. More to give the organization.

Supply Chain Planning Software 222

Supply Chain Planning Software Optimization Software Logistics Network Optimization Software Forecasting Software 222

SCMDOJO

APRIL 20, 2023

Within this department, the procurement manager plays a key role in overseeing the entire process, from identifying the need for goods or services to negotiating contracts with suppliers. 1. Position Overview We are seeking a highly organized and skilled Procurement Manager to join our team.

Negotiating Skills 97

Negotiating Skills Optimal Sourcing Procurement Analytics Manufacturing Procurement 97

Precoro

FEBRUARY 26, 2024

For procurement professionals, systemizing and optimizing cost centers is not just a matter of financial management; it's a strategic task for driving efficiency, controlling costs, and enhancing overall performance. Keep reading about: What Are Cost Centers? What Are Cost Centers For?

Optimal Sourcing 105

Optimal Sourcing Cost Reduction Strategies Optimization Software Negotiating Skills 105

Precoro

JULY 16, 2023

Thought-out practices and well-managed workflows within the purchasing department are crucial for making sure that the company has the necessary resources available at the right time and at a reasonable cost. We have selected 5 fundamental KPIs that purchasing managers should consider.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

Unleashed

OCTOBER 12, 2022

But what does ERP cost for an SME? On average SMEs should expect the monthly, per-user cost of cloud-based ERP to be US$114. Keep reading to learn more about how the costs of ERP break down, what ERP could do for you, and whether there are more cost-effective alternatives. HR, including onboarding and payroll.

Purchasing Skills 98

Purchasing Skills Negotiating Skills Inventory Management Software Pricing Training 98

Precoro

OCTOBER 6, 2022

With the global market expansion and deepening supply chain complexity, the roles of procurement leaders have evolved from tactical to strategic. While strategizing , keeping feet on the ground is important, and that's when data comes in especially handy. What are the average market prices , and what are we paying? By how much?

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 98

The Logistics of Logistics

AUGUST 16, 2023

With over 30 years of information technology experience, he combines a broad range of experience in commercial management, operational sales, exceptional revenue growth and driving strategic perspectives in building success factors for clients and partners. Greenscreens.ai’s dynamic pricing infrastructure built to grow and protect margins.

Logistics Network Optimization Software 215

Logistics Network Optimization Software Negotiating Skills Supply Chain Design Software Distribution 215

ToolsGroup

AUGUST 8, 2019

The planner’s role has expanded to include a combination of technical skills and communications and interpersonal skills. A recent, typical job ad for a demand planner lists technical criteria including APICS and Six Sigma certification, alongside “negotiation, communications, and presentation skills”. .

Negotiating Skills 185

Negotiating Skills Supply Chain Planning Software Supply Chain Software Modeling 185

Logistics Viewpoints

NOVEMBER 16, 2023

This article is from Descartes Systems Group and looks at how companies can reduce lead times with real-time data. There are many strategic initiatives that can be undertaken to reduce lead time, from contract negotiations, supplier rationalization, vendor managed inventory options, strategic network design and numerous others.

Real-time Visibility 243

Real-time Visibility Material Savings Inventory Reduction Vendor Strategies 243

Unleashed

JANUARY 8, 2024

It pertains to more than the act of purchasing goods and services: procurement management is the process that ensures any purchases from external providers meet the cost requirements, quality, quantity, and timelines of your organisation. A procurement manager’s responsibility is to find the most cost-effective deals from suppliers.

Procurement Solutions 52

Procurement Solutions Pricing Training Negotiating Skills Purchasing Skills 52

The Logistics of Logistics

SEPTEMBER 8, 2023

Luke is the Chief Growth Officer of The Rubic , a warehouse-agnostic, autonomous robotic system, designed to operate seamlessly within existing facilities. Their flagship product, Freedom Pick, streamlines the box-picking process, enhancing efficiency and reducing operational costs.

Supply Chain Software 237

Supply Chain Software Negotiating Skills Supply Chain Design Software Predictive Analytics Software 237

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. Network optimization.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Purchasing Skills Optimal Sourcing 52

Logistics Viewpoints

MARCH 19, 2024

Disconnected Systems : The inability of systems to communicate exacerbates the gap between planning and execution. Yet, disparate systems breed ambiguity, leading to missed signals and operational bottlenecks. The ability to translate strategic intent into actionable plans hinges on the alignment of planning and execution.

Supply Chain Planning Software 251

Supply Chain Planning Software Scenario Planning Supply Chain Planning Prescriptive Analytics Software 251

Procurement Academy

SEPTEMBER 22, 2022

There will always be a point when salary increases need to slow – with costs continuing to rise and recession on the horizon, this may be around the corner. So organizations must start thinking more creatively about how they can access the procurement skills they need now, but also in an uncertain future.

Negotiating Skills 52

Negotiating Skills Buyer Training Purchasing Training Procurement 52

Precoro

JULY 8, 2022

One should keep in mind that every transaction has an additional hidden cost in labor and overheads, such as the time spent sourcing products, tracking deliveries, matching invoices, and overseeing suppliers. It’s a senior role that implies strong knowledge of finances, business administration and law, and industry trends.

Purchasing Skills 98

Purchasing Skills Manufacturing Procurement Negotiating Skills Procurement Solutions 98

GlobalTranz

AUGUST 18, 2021

That includes analysis of current operations, costs by mode, performance and benchmarking of existing partnerships. The blending of both new and existing resources supports transparency and offers financial and strategic advantages to shippers and the solutions provided through the logistics transportation service. . Learn More.

Logistics Network Optimization Software 309

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Optimization Software 309

Jaggaer

FEBRUARY 18, 2020

Strategic Supplier Management. Supplier management has become increasingly cross-functional – various stakeholders outside of procurement will have a say for many more categories, requiring collaboration, knowledge sharing and complex approval processes; and. .; Strategizing for a diverse range of suppliers. And in what ways?

Negotiating Skills 103

Negotiating Skills Negotiate Pricing Manufacturing Procurement Purchasing Skills 103

SCMDOJO

APRIL 29, 2024

Sign Up for SCMDOJO Pro Membership Importance of Effective Supply Chain Management Supply chain management is not just about moving products from point A to point B – it’s a strategic approach that encompasses the entire network of processes involved in delivering goods and services to customers.

Supply Chain Planning Software 84

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Supply Chain Software 84

Logistics Viewpoints

MAY 31, 2024

Rapidly intensifying tropical storms and hurricanes pose a major threat to life and property along the Atlantic and Gulf of Mexico coastlines, as those weather systems could gain wind intensity of at least 35 mph in 24 hours or less, the weather service said. according to Canadian supply-chain consulting firm MWPVL International.

Logistics Network Optimization Software 157

Logistics Network Optimization Software Negotiating Skills Supply Chain Planning Software Logistics 157

SCMDOJO

MARCH 25, 2024

As businesses continue to globalize and markets become increasingly interconnected, the demand for skilled supply chain professionals is rising. Pursuing a degree in these areas will equip you with the fundamental knowledge of supply chain principles, such as procurement, inventory management, logistics, and operations strategy.

Negotiating Skills 88

Negotiating Skills Supply Chain Software Supply Chain Network Software Analytics Software 88

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. The inflation rate can vary greatly by location — for instance, in 2023 it was 3.4% for the US yet 10.7% in the Czech Republic.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Planning Software 98

Logistics Viewpoints

JUNE 8, 2023

Technology for All In a retail era dominated by e-commerce giants, customer expectations have shifted towards instant product delivery at no cost. Previously, only large companies such as Amazon and FedEx possessed the network and scale required for cost-effective same-day and next-day shipping.

Modeling Software 206

Modeling Software Optimization Software Supply Chain Network Software Logistics Network Optimization Software 206

Logistics Viewpoints

MAY 25, 2023

But I’d like AI more to a magic trick, so allow me to direct your attention to the technology behind the curtain to highlight both its risks and its rewards and to share the essential leadership skills AI cannot provide. Any human with a browser can produce this result, since it requires no sophisticated coding skills or knowledge.

Supply Chain Planning Software 237

Supply Chain Planning Software Supply Chain Software Negotiating Skills Predictive Analytics Software 237

SCMDOJO

APRIL 3, 2022

Procurement specialists can use eAuctions to engage and negotiate with more vendors utilizing an organized approach which thus eliminates any need for cumbersome one-on-one meetings. Digital bidding, or eAuctions, are a more efficient way of negotiating with vendors in the international market.

Vendor Strategies 139

Vendor Strategies Negotiating Skills Price Reduction Purchasing Skills 139

Supply Chain Game Changer

AUGUST 30, 2022

Many businesses use some form of Total Cost of Ownership model to support their Procurement and sourcing decisions. What is the current nature of these Total Cost of Ownership models, and what needs to change to make their use more robust and responsive? What is a Total Cost of Ownership Model? But price is ALWAYS included.

Optimal Sourcing 103

Optimal Sourcing Purchasing Skills Manufacturing Procurement Negotiating Skills 103