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

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Ware2Go

JANUARY 7, 2022

Recent supply chain disruptions , including images of cargo ships stuck off the West Coast , have led eCommerce shops to rethink their just-in-time and just-in-case procurement strategies. What is just-in-time procurement? What is just-in-case procurement? Disadvantages.

Just-in-Time 52

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LevaData

JANUARY 12, 2022

Anyone who has spent any amount of time in the supply chain profession is well experienced in dealing with constant changes. Supply chain disruptions are, after all, an unavoidable part of the territory. Making the Most of Supply Chain Disruptions. Don’t Be So Quick to Say Goodbye.

Supply Chain Disruption 80

Supply Chain Disruption Supply Chain Software Agile and Lean Supply Chain Supply Chain Strategy 80

ivalua

JANUARY 31, 2022

Last week, Ivalua partnered with Ardent Partners to discuss Procurement 2022: Big Trends and Predictions. . Procurement 2022: Big Trends and Predictions. #1. Enterprises will continue to undergo the financial burden of revenue disruptions, consumer , and uncontrolled supply chain variables. . View Webinar Replay.

Predictive Analytics Software 130

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Procurement Academy

JUNE 30, 2022

During the 1970’s oil crisis and the rampant inflation that followed, skilled procurement professionals were in demand more than ever before. While professionals have superior technology and analytics on their side, the challenges associated with procurement in a high inflation environment remain the same – and so do the solutions.

Procurement Analytics 95

Procurement Analytics Procurement Solutions Procurement Purchasing Skills 95

ivalua

APRIL 13, 2021

In part 1 of this blog I looked at how procurement can actually create new revenue opportunities. Here I’ll take a look at two other ways that procurement can help support growth. Many other organizations have leveraged this strategy, but almost all can do so better to drive greater value. Ensuring Supply Chain Agility.

Procurement Solutions 130

Procurement Solutions Procurement Sourcing Strategies Resource Reduction 130

Procurement Academy

OCTOBER 19, 2023

A crucial part of successful procurement strategies is the art and science of negotiation. Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract.

Negotiating Skills 52

Negotiating Skills Pricing Training Negotiate Pricing Purchasing Training 52

Logistics Viewpoints

JUNE 29, 2023

This article explores the disruptive nature of supply chain disruptions, the significance of collaboration in managing direct spend, the role of Purchase Order (PO) Collaboration in tracking materials throughout the order cycle, and real-world challenges faced in PO Collaboration.

Manufacturing Procurement 185

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 185

Ware2Go

JANUARY 10, 2022

Should you change your supply chain procurement strategy in light of continuing supply chain disruptions? Supply chain procurement strategies had long been favoring Just in Time procurement. The answer to this question is complex. Big Picture Thinking.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Expense Reduction Price Reduction 52

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. For instance – improved communication skills or legal contract knowledge.

Buyer Training 52

Buyer Training Purchasing Training Negotiating Skills Optimal Sourcing 52

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

Supply Chain Shaman

APRIL 18, 2023

In March 2023, the Global Supply Chain Pressure Index fell to the lowest level since November 2008. While many might clap their hands and exclaim the end of three-years of unprecedented supply chain disruption, I say, “Not so fast.” Over the past three years, supply chain cycles shifted.

Supply Chain Planning Software 374

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ProcurePort

NOVEMBER 10, 2023

Holistic Risk Management Approach: Proactive Identification: Implementing proactive measures to identify and assess diverse risks, ranging from supply chain disruptions to market fluctuations, regulatory changes, and operational inefficiencies. appeared first on ProcurePort Blog.

Risk Management 52

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Supply Chain Matters

JULY 15, 2022

This week, the company announced a reversal in manufacturing and supply chain strategy, as well as a major turnabout. Supply chain strategy, process, talent and enabling technologies each play important roles. Consumer anticipation was thus compounded by a developing global supply chain disruption.

Sourcing Strategies 105

Sourcing Strategies Cost Reduction Strategies Expense Reduction Inventory Reduction 105

Logility

AUGUST 23, 2021

IBP enables all stakeholders to create a well-rounded plan by leveraging a multitude of collaborative, cross-functional processes and a blend of volumetric and financial data from sales, marketing, production, procurement, transportation, and finance.

Supply Chain Software 130

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Supply Chain Matters

JULY 6, 2022

During this unprecedented period of non-stop global supply chain disruption, the Supply Chain Matters blog provides readers with additional industry specific examples, along with their implications. The strategy was ill-timed given the onset of the global Covid-19 pandemic in 2020 and 2021. General Motors.

Supply Chain Disruption 52

Supply Chain Disruption Inventory Reduction Examples Supply Chain Strategy 52

Proxima

JUNE 5, 2023

It is now relatively safe to say this period has passed – for months now we have been seeing an increase in manufacturing and logistics capacities, as the strategies firms have deployed to counteract supply chain disruption begin to bear fruit. Yet while this is true, it doesn’t much feel like it to the average consumer.

Negotiating Skills 52

Negotiating Skills Cost Reduction Strategies Purchasing Skills Procurement Solutions 52

SYSPRO Smarter ERP

MARCH 2, 2022

To deal with the new challenges in managing and planning the supply chain , the procurement department is one of the functions that should look at changing. It is no longer sufficient for procurement to focus just on supplier costs, placing orders and ensuring goods are received. Risk management.

Optimal Sourcing 116

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Software 116

Procurement Academy

JUNE 30, 2022

During the 1970’s oil crisis and the rampant inflation that followed, skilled procurement professionals were in demand more than ever before. While professionals have superior technology and analytics on their side, the challenges associated with procurement in a high inflation environment remain the same – and so do the solutions.

Procurement Analytics 52

Procurement Analytics Procurement Solutions Procurement Purchasing Skills 52

Supply Chain Matters

JUNE 24, 2022

In this Supply Chain Matters posting, we highlight a published analysis from the Federal Reserve Bank of San Francisco quantifying the effects of supply chain disruptions have had on the existing U.S. © Copyright 2022, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog.

Supply Chain Disruption 52

Supply Chain Disruption San Francisco Supply Chain Strategy Supply and Demand 52

ivalua

DECEMBER 14, 2020

In a recent webinar, “ How to Leverage S2P Platforms to Enable Supply Chain Resilience ,” procurement experts from Forrester, Ivalua and Procurement Leaders discussed how digital transformation and the technologies that enable it can help companies mitigate risk and be more agile and resilient.

Procurement Solutions 130

Procurement Solutions Optimal Sourcing Manufacturing Procurement Optimization Software 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. What Is Procurement Process?

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

Supply Chain Matters

SEPTEMBER 21, 2022

We are pleased to announce to our Supply Chain Matters readers the listening availability of our latest podcast: Overcoming Supply Chain Disruptions and Instilling Supply Network Resilience in Post Pandemic Supply Networks. This is a not to be missed podcast that provides many valuable insights.

Manufacturing Procurement 109

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ivalua

FEBRUARY 8, 2023

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Why is visibility so important?

Manufacturing Procurement 242

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Optimal Sourcing 242

Resilinc

MARCH 26, 2024

Real Use Case for AI Regression Models in Supply Chain Risk Management Let’s take, for example, a typhoon hitting the coast of China and see how our engine can help. In a typical scenario, a company reaches out to suppliers and begins talking to logistics and procurement after the typhoon strikes.

Modeling 113

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ModusLink Corporation

APRIL 22, 2024

Introduction: In today’s interconnected world, businesses are seeking agile and cost-effective strategies to meet the demands of an ever-evolving market. Seamless coordination across borders for streamlined supply chain operations. End-to-end management of component procurement, inventory management, and JIT delivery.

Electronics 78

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Synovos

FEBRUARY 21, 2023

Importance of Supplier Relationships in Indirect Procurement Challenging times call for closer relationships between organizations and their MRO suppliers Strong and successful indirect procurement strategies depend on strong and successful supplier relationships. Indirect procurement can be somewhat hidden, though.

Optimal Sourcing 52

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Unleashed

DECEMBER 21, 2023

Keep reading to uncover the risks and challenges of inventory management , learn about the types of solutions available, and discover some of the most effective inventory management strategies in modern business. Here are twelve of the most effective inventory management strategies.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Vendor Strategies Cost Reduction Strategies 52

EC Sourcing Group

MAY 3, 2022

As a procurement professional, you want to develop processes based on strategic sourcing and ensure proper supplier evaluation and selection. You can hedge against supply chain disruptions to ensure continuity when selecting among vendors or suppliers. Always Be Fair in Your Reverse Auction Strategy. Components.

Material Savings 52

Material Savings Price Reduction Optimal Sourcing Waste Reduction 52

ivalua

JUNE 1, 2022

Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed by Philip Ideson from Art of Procurement to discuss the impact of the Covid-19 pandemic on Procurement. When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity.

Supply Chain Planning Software 130

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software Manufacturing Procurement 130

Jaggaer

APRIL 14, 2020

Can the complex global supply network survive the COVID-19 pandemic? Define your procurement response strategy. Catch the on-demand webinar on building business continuity plans and business strategies for the short, mid and long-term. And, assuming it can, how will it adapt to the new realities?

Supply Chain Disruption 52

Supply Chain Disruption Europe Cost Reduction Strategies Material Savings 52

Precoro

MARCH 31, 2023

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

Precoro

DECEMBER 11, 2023

As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased. Strategic sourcing involves the meticulous evaluation of suppliers and the overall procurement process to extract maximum value from both. Building risk strategy.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Resilinc

FEBRUARY 5, 2024

Incorporating Enterprise Risk Management (ERM) into your overall business strategy is now more important than ever in 2024. It is incorporated into a business’s overall strategy, allowing for a more proactive approach to managing risk. How is ERM different from supply chain risk management? In 2022, the U.S.

Risk Management 97

Risk Management Supply Chain Planning Software Supply Chain Software Supply Chain Strategy 97

Supply Chain Matters

JULY 18, 2023

based companies had indicated in survey data and in concerted actions that termed China Plus sourcing strategies that either explored alternative, nearshoring, or reshoring efforts were being undertaken. The basis of this report, based on company experiences and executive interviews was that “ the strategy looks more like China plus many.”

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Manufacturing Procurement Supply Chain Strategy 52

ivalua

APRIL 27, 2023

A recent webinar hosted by Supply Chain Now, “Balancing Cost, Risk and Sustainability in the Midst of Uncertainty, ” took an in-depth look on what it takes to transform Procurement into a highly efficient function that supports these key initiatives. She also explained how Ivalua was instrumental in making that happen.

Optimal Sourcing 130

Optimal Sourcing Sourcing Strategies Supply Chain Design Software Supply Chain Planning Software 130

ivalua

APRIL 27, 2023

A recent webinar hosted by Supply Chain Now, “Balancing Cost, Risk and Sustainability in the Midst of Uncertainty, ” took an in-depth look on what it takes to transform Procurement into a highly efficient function that supports these key initiatives. She also explained how Ivalua was instrumental in making that happen.

Cost Reduction Strategies 130

Cost Reduction Strategies Sustainability Optimal Sourcing Sourcing Strategies 130