Precoro

NOVEMBER 11, 2024

For most CPOs and CFOs, deciding on the right purchasing setup — centralized or decentralized — is no small task. In this article, we’ll explain what centralized purchasing is, the challenges it tackles, the benefits of centralized procurement, and the types of companies that can benefit most from it.

Pricing Training 90

Pricing Training Expense Reduction Price Reduction Cost Reduction Strategies 90

Freightos

JULY 31, 2024

Historically, we were able to use technology to wrangle standardization for things like pricing and rating, helping ExFreight emerge as the first digital forwarder. So we are currently experimenting with using the trained LLM developed for our chatbot, combined with filtering tools, to automate responses to various email inquiries.

Logistics Network Optimization Software 175

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Software Modeling Software 175

Freightos

SEPTEMBER 17, 2024

And if the user has to enter the same data into a chatbot that they would enter into a pricing tool to generate a quote, then they’ll just use the pricing tool. The existing products in this area are priced competitively in relation to labor costs in developed countries. The model would be trained on our own customer data.

Logistics Network Optimization Software 294

Logistics Network Optimization Software Supply Chain Software Los Angeles Supply Chain Design Software 294

Logistics Viewpoints

JULY 27, 2021

What’s more, bots don’t require paychecks, benefits, vacations, training or other workforce overhead. A January 2021 DOT report suggests that “only 48% of trucking firms would be able to buy the technology in the decade after it becomes available.” Knowing the details will equip you to either negotiate or hold tight based on facts.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Predictive Analytics Software 246

SCMDOJO

JUNE 6, 2024

Do you dream of confidently navigating the ever-changing procurement world, not confused with what procurement training to opt for? The SCMDOJO Procurement Track isn’t just another training program – it’s your key to unlocking a commanding presence in the field.

Pricing Training 88

Pricing Training Negotiating Skills Buyer Training Optimal Sourcing 88

Logistics Viewpoints

MAY 26, 2023

This includes training materials to raise awareness of the risk of various kinds of parametric rolling, as well as tools such as videos and calculators to help prevent and, if necessary, manage such dangerous situations. Details of the negotiations have been hard to come by as both parties have vowed not to negotiate through the media.

Negotiating Skills 213

Negotiating Skills Pricing Training Jordan Purchasing Training 213

Supply Chain Shaman

NOVEMBER 11, 2020

Note the lack of training on next-generation supply chain thinking in Figure 1. Until there are clear answers, business leaders should avoid buying software from companies with deep investments by venture capitalists. Kinaxis Purchase of Rubikloud. The Rubikloud acquisition was a $60M cash purchase. Evolution is messy.

Supply Chain Design Software 302

Supply Chain Design Software Procurement Solutions Manufacturing Procurement Supply Chain Planning Software 302

The Logistics & Supply Chain Management Society

NOVEMBER 25, 2023

Protectionism, populism, nationalism is to a large degree attractive to many people today just because of this purely price oriented foundation of trade. In lieu of enlightened environmental scruples on the international trade negotiating level – activists have had to step in to try and create transparency and responsible practices.

Negotiating Skills 261

Negotiating Skills Global Pricing Training Purchasing Training 261

Talking Logistics

MARCH 21, 2019

According to Nasdaq, by 2040, 95% of purchases will be facilitated through e-commerce. More and more customers are willing to pay higher prices if they get their products delivered on their timeline which may include a specific delivery window or white-glove service. Their expertise in these areas guarantees strong performance.

Trends 237

Trends Pricing Training Purchasing Training Logistics Network Optimization Software 237

Precoro

JULY 16, 2023

The purchasing department plays a critical role in the success of an organization. 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.

Pricing Training 72

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 72

Supply Chain Shaman

JUNE 28, 2021

The group needed a clear market signal on consumption patterns and the translation of demand with minimal latency to optimize price, mix, and schedule the factory to manage margin. Consumers constantly change the mix preferences in purchases. Somedays, the focus is on steaks or ribs and the next on the purchase of ground or cubed meat.

Supply Chain Planning Software 233

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 233

Supply Chain Shaman

FEBRUARY 16, 2024

The translation of ripple effects of short supply, pricing, quality issues, and freight shifts affects how to source, make, and deliver processes should align. Sadly I observed that as the training and knowledge sharing over the last two decades became more available, it was also less valuable as the supply chain became more mainstream.

Supply Chain Planning Software 386

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 386

SCMDOJO

SEPTEMBER 18, 2023

Here is a list of some common procurement synonyms: Sourcing Acquisition Purchasing Buying Procuring Acquiring Obtaining Securing Obtaining Stocking Resourcing Attaining Gaining Fetching Obtaining Now let’s get into the meanings of some of these synonyms for procurement: 1.

Negotiating Skills 103

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 103

Precoro

DECEMBER 24, 2024

For example, AI can spot recurring or unnecessary costs, detect maverick spending (when employees purchase outside of approved channels), and identify opportunities for cost savings based on historical spending patterns. This gives them advance warning so they can adjust their purchasing strategies.

Price Reduction 88

Price Reduction Sourcing Strategies Cost Reduction Strategies Expense Reduction 88

Precoro

OCTOBER 6, 2022

Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. Thorough analysis allows procurement professionals to surface, visualize, and present purchasing patterns, which are then evaluated by the stakeholders. From whom are we buying?

Manufacturing Procurement 79

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 79

Logistics Viewpoints

JUNE 23, 2022

E-commerce continues to grow yearly and it’s estimated that it will make up 30% of retail purchasing by 2024. But today, there are more delivery options than ever before, including locker pickups, buy online pick-up in store (BOPIS) and alternate delivery locations. The growth of e-commerce and its impact on retailers.

Logistics Network Optimization Software 218

Logistics Network Optimization Software Supply Chain Network Software Optimization Software Pricing Training 218

The Logistics & Supply Chain Management Society

JANUARY 13, 2021

Governments have spent considerable time, effort and political capital negotiating such agreements. On the other hand, many companies do not or cannot allocate sufficient, or sufficiently trained, resources, either in-house or external, to allow a proper analysis and evaluation of the options. What might businesses want to consider?

Pricing Training 245

Pricing Training Negotiating Skills Purchasing Training Optimal Sourcing 245

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. As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased.

Negotiating Skills 84

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 84

Unleashed

OCTOBER 12, 2022

In this ERP pricing guide: Quick recap: What is ERP? All critical business systems can be integrated by ERP, from payroll and HR to inventory management, customer relationship management, purchasing, sales, shipping and more. – Training. How much of a deal you can negotiate. – Internal system configurations.

Purchasing Skills 98

Purchasing Skills Negotiating Skills Inventory Management Software Pricing Training 98

Logistics Viewpoints

DECEMBER 18, 2024

Reliance on fossil fuels creates additional challenges: Economic Vulnerability: Volatile oil prices and geopolitical conflicts increase financial risks. Explore power purchase agreements (PPAs) to secure reliable access to clean energy. Implement technologies incrementally to manage costs and training needs.

Optimal Sourcing 190

Optimal Sourcing Material Savings Supply Chain Design Software Supply Chain Planning Software 190

AIMMS

JULY 23, 2019

There is an extensive horizon between the date of a supply decision (for instance, purchasing livestock feed or specific fertilizers) and its final result (the sale of the processed and packaged product). Providing training and education on the process and any enabling technology is necessary as well.

S&OP 278

S&OP Prescriptive Analytics Software Supply and Demand Predictive Analytics 278

Freightos

JANUARY 8, 2019

Kuehne+Nagel was one of the first big freight forwarders to have price quotes and self-service directly on their homepage. Not to mention price quotes and other paperwork, customs forms, certificates of origin. This undermines the whole point of a fixed price tender. You never tell your customer what your buy rate is.

Freight 164

Freight Pricing Training Negotiating Skills Purchasing Training 164

Enchange Supply Chain Consultancy

JUNE 19, 2024

Customer Preferences: Analyse customer behaviour, preferences, and buying patterns. Understanding cost to serve is critical before commencing distributor negotiations. Understand their market positioning, pricing, and promotional tactics. Identify key customer segments and their specific needs.

Negotiating Skills 186

Negotiating Skills Supply Chain Planning Software Resource Reduction Analytics Software 186

Supply Chain Shaman

JANUARY 7, 2025

Instead, traditional planning approaches optimize functional metrics like Safety Stock (versus the form and function of inventory), Operational Equipment Efficiency (OEE), Purchase Price Variance (POV), and Functional Costs. Training on new concepts is a wonderful use case for a large language model. How Do You Drive Value?

Optimal Sourcing 326

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 326

Logistics Viewpoints

JUNE 1, 2023

The Russian invasion of Ukraine and the following economic sanctions spiked energy prices and created new sourcing challenges for certain agricultural products and raw materials. This means they are more likely to focus on value and affordability and change their priorities and brand preferences when making purchases.

Supply Chain Planning Software 204

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 204

Supply Chain Shaman

JULY 23, 2023

” Noel is one of the 84 sign-ups in my outside-in training (five virtual classes starting next week), and I hope that he has a better understanding at the end of the class. The order latency is the time from purchase by the end consumer to the visibility of the order. Why is there a discontinuous line on the model?”

Supply Chain Planning Software 335

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 335

SCMDOJO

DECEMBER 14, 2023

But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s uncover the mystery behind the role of sourcing agencies and see how they make the job of buying things much simpler. They play a big role in making sure the whole process of buying things goes smoothly from start to finish.

Purchasing Skills 80

Purchasing Skills Optimal Sourcing Negotiating Skills Sourcing Strategies 80

QAD

MARCH 5, 2020

If Company A buys Company B as a cost synergy play, what do they need to do? If I have two steel suppliers and I can get to one that can do the job at a lower price, I want to execute that. Indirect buying now works “this way”, and direct material procurement works “like that”. And along with Purchasing, there was Supply Chain.

Vendor Strategies 145

Vendor Strategies Cost Reduction Strategies Waste Reduction Price Reduction 145

ToolsGroup

DECEMBER 11, 2023

Why understanding the principles of price elasticity is especially critical post-pandemic This year, many companies have recognized the apparent limitations in the traditional ways we do business. Still, too few have recognized the need to apply the same reflection to pricing strategy, especially when it comes to markdowns.

Price Reduction 156

Price Reduction Pricing Training Modeling Inventory Reduction 156

ToolsGroup

APRIL 1, 2022

How the War in Ukraine is Impacting the Supply Chain and Raw Material Prices. Increased Prices Resulting from Shortages and Supply Chain Issues. 82% of people have concerns that the supply chain will ruin life plans, such as birthdays, vacations, holidays, and the purchasing of necessary items. Chain Store Age ).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Supply Chain Shaman

OCTOBER 4, 2018

I wanted to say, “You let the consultants influence you to buy the wrong technologies based on IT standardization. Today, since many do not test the solutions and often buy based on IT standardization, the probability of success is about the same as playing the tables in Las Vegas. ” I smiled and bit my tongue.

Inventory Management Software 270

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 270

Enterra Insights

JANUARY 6, 2022

Mandel notes, “E-commerce sites use pricing optimization techniques to woo customers. They can create special offers to customers who are members, or change prices in a moment to compete with other retailers. The prices are clearly labeled on the ESLs, and will scan correctly at the checkout lane.”

Optimal Sourcing 173

Optimal Sourcing Retail Optimization Software Analytics Software 173

Supply Chain Shaman

DECEMBER 4, 2018

to change this, the company chose to take engineers out of design function and trained them on the fundamentals of supply chain and strategic sourcing. The company also taught them to understand the basics of negotiation and risk management. The total cost of ownership analyzes the total costs of the buying decision.

Supply Chain Software 34

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

Precoro

JULY 15, 2024

The CPO leads the company's acquisition programs and ensures that they are purchasing goods and contracting services on time and in a cost efficient way. Making sure these purchases are of high quality and compliant with relevant laws and regulations also falls under the CPO’s responsibilities.

Negotiating Skills 89

Negotiating Skills Manufacturing Procurement Procurement Analytics Procurement Solutions 89

Enterra Insights

AUGUST 15, 2024

One such behavior was a notable increase in online grocery purchases. McKinsey analysts noted, “Our grocery consumer survey found that convenience — in the form of time savings, delivery, and ease of price comparisons, among others — was the overwhelming draw for online channels.” Shoppers enjoy personalized experiences.”

Pricing Training 130

Pricing Training Predictive Analytics Software Optimization Software Purchasing Training 130

Procurement Academy

SEPTEMBER 26, 2024

On the surface, businesses invest in training programs to improve the skillset of their employees and enhance team performance. However, the effectiveness of these training programs relies on a lot of factors, many of which are overlooked. Well-trained professionals will ultimately make better decisions.

Buyer Training 52

Buyer Training Pricing Training Purchasing Training Negotiating Skills 52

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

If you purchased trucks for your shipping fleet, how much carbon was emitted in making those vehicles? At DHL eCommerce’s first Asia Pacific Head of Go Green, he put in place various programs, including carbon footprint management, sustainability training, illegal wildlife smuggling monitoring training, and employee engagement.

Vendor Strategies 246

Vendor Strategies Purchasing Skills Pricing Training Optimal Sourcing 246