Precoro

DECEMBER 24, 2024

Traditionally, procurement has been a process weighed down by manual tasks, fragmented systems, and endless paperwork. Today, procurement is undergoing a transformation. While procurement teams have long worked to add strategic value, Artificial Intelligence (AI) amplifies their impact.

Price Reduction 105

Price Reduction Sourcing Strategies Cost Reduction Strategies Expense Reduction 105

SCMDOJO

FEBRUARY 21, 2025

Why Your Procurement Strategy is More Critical Now Than Ever Before In an era of global supply chain disruptions, a robust procurement strategy is no longer optionalits essential. The right procurement strategy ensures that organizations: Mitigate risks before they escalate. Loss of revenue due to stock shortages.

Optimal Sourcing 59

Optimal Sourcing Supply Chain Disruption Vendor Strategies Cost Reduction Strategies 59

SCMDOJO

FEBRUARY 16, 2025

This leap in AI capabilities is revolutionizing industries, and AI-driven supply chain management is no exception. The Role of Agentic AI in Supply Chains Supply chains are dynamic and complex, requiring continuous decision-making across multiple functions, from procurement and inventory management to logistics and demand forecasting.

Optimal Sourcing 72

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Sourcing Strategies 72

Procurement Academy

APRIL 10, 2025

Global supply chains have always been complexbut in todays climate of rising geopolitical tensions and evolving trade policies, theyve become even more unpredictable. These changes impact the entire end-to-end supply chain, from planning and procurement to logistics and customer delivery.

Negotiating Skills 71

Negotiating Skills Buyer Training Agile and Lean Supply Chain Purchasing Training 71

Procurement Academy

APRIL 24, 2025

Another shared: We rerouted our sourcing strategy in a week – because our supply chain leads were trained for scenario planning. Procurement Academy Understand how tariffs affect supplier negotiations, total cost of ownership, and sourcing strategies. That kind of responsiveness isnt luck.

Price Mitigation Strategies 82

Price Mitigation Strategies Cost Reduction Strategies Sourcing Strategies Buyer Training 82

QAD

JANUARY 16, 2025

Running a business in today’s environment is increasingly complex, with supply chain challenges, geopolitical tensions, evolving regulations, and other disruptions becoming standard. Based in Frankfurt, Germany, KION is a global leader in material handling equipment and supply chain solutions.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Negotiating Skills 52

SCMDOJO

MARCH 12, 2025

Introduction Negotiation is at the heart of supply chain management. Whether dealing with suppliers, logistics providers, or internal stakeholders, striking the right balance between assertiveness and flexibility is key. Long-Term Relationships: When preserving supplier relationships is a priority over short-term wins.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Price Reduction Cost Reduction Strategies 52

Exiger Perspectives

OCTOBER 31, 2024

How is AI changing supply chain risk management , and what does it mean for the future? These questions were part of a recent discussion featuring Exiger CEO Brandon Daniels about AI impacts on supply chains. Arjun Mehta: How is AI impacting supply chain risk management?

Supply Chain Risk Management 52

Supply Chain Risk Management Supply Chain Planning Software Risk Management Supply Chain Software 52

Jaggaer

MARCH 24, 2025

Top 3 Procurement Technologies to Embrace in 2025 Staying ahead of key procurement technology and advancements is essential for CPOs who want to improve spend cost reduction, drive strategic value, and navigate the increasingly complex procurement landscape.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Procurement Solutions Negotiating Skills 52

SCMDOJO

FEBRUARY 26, 2025

Introduction As global supply chains evolve, ensuring cost efficiency is crucial. One way to assess the cost performance of any function within the supply chain is through Cost Performance Index (CPI). Below are some key areas where CPI can improve supply chain efficiency: 1. A CPI of 0.83

Negotiating Skills 52

Negotiating Skills Optimal Sourcing Negotiate Pricing Cost Reduction Strategies 52

Precoro

JULY 9, 2025

Definition: Procurement transformation is the strategic overhaul of how a business buys goods and services. This approach focuses on changing procurement holistically beyond minor tweaks, starting from strategies to organizational structures. Procurement transformation has several objectives.

Procurement Solutions 45

Procurement Solutions Procurement Analytics Optimal Sourcing Purchasing Training 45

Precoro

JUNE 3, 2025

Category management isn’t just another procurement trend. With today’s growing cost pressures and increasingly complex supply chains , quick fixes no longer cut it. With today’s growing cost pressures and increasingly complex supply chains , quick fixes no longer cut it.

Manufacturing Procurement 45

Manufacturing Procurement Procurement Analytics Procurement Solutions Material Savings 45

Precoro

JULY 4, 2025

It means that the sole-source supplier controls the price and terms, which is often called a monopolistic supplier. While both procurement strategies have their uses, don’t spend precious time debating single source vs. sole source. Examples of single-source procurement What is sole sourcing? Scenario 1.

Purchasing Skills 59

Purchasing Skills Manufacturing Procurement Optimal Sourcing Sourcing Strategies 59

Jaggaer

APRIL 9, 2025

As a leading vendor of procurement technology and solutions to manufacturing companies around the world, JAGGAER is witness to these changes as they happen, and even before they happen. but also external data such as supplier networks and performance, extended supply chains, and the environmental impact of their operations.

Material Savings 52

Material Savings Inventory Reduction Manufacturing Procurement Waste Reduction 52

Jaggaer

FEBRUARY 5, 2025

Secondly come eProcurement, Supply Chain Collaboration, Invoicing, and Payments. These four steps constitute the downstream procure-to-pay part of the process. Optimizing source-to-paythrough digital transformation streamlines every stage of your procurement strategy, improving visibility, efficiency, and collaboration.

Sourcing Strategies 52

Sourcing Strategies Optimal Sourcing Manufacturing Procurement Negotiating Skills 52

Precoro

MARCH 27, 2025

Rising costs, supply chain chaos, and economic swings put businesses under enormous pressure to protect their margins. According to McKinsey & Company, procurement accounts for 50% to 80% of a company’s cost base. That’s why organizations zero in on strategies to achieve procurement cost reduction. 

Cost Reduction Strategies 45

Cost Reduction Strategies Price Reduction Expense Reduction Vendor Strategies 45

Jaggaer

APRIL 9, 2025

Here, well break down what to prioritize in an ERP system, how it connects procurement with production, and why pairing it with a Source-to-Pay solution strengthens supplier collaboration and cost control. Embracing the Future: How Manufacturing 4.0 is here, and its changing everything.

Manufacturing Procurement 52

Manufacturing Procurement Sourcing Strategies Supply Chain Planning Software Supply Chain Design Software 52

OptiProERP

JULY 15, 2025

With this foundation, SAP Business One is evolving to include more AI capabilities across finance, supply chain, sales, and manufacturing processes. Responsible AI: SAP adheres to strict ethical standards, ensuring that data privacy, fairness, and accountability are baked into every AI solution.

SAP 52

SAP Predictive Analytics Software Supply Chain Planning Software Analytics Software 52

SCMDOJO

JANUARY 15, 2025

Embarking on a supply chain career offers exciting opportunities, but success requires understanding the diverse roles and specializations within the field. Mid-Level Opportunities Mid-level roles, like supply chain analysts and procurement specialists, involve process evaluation, supplier negotiations, and team supervision.

Negotiating Skills 52

Negotiating Skills Supply Chain Planning Software Supply Chain Software Optimal Sourcing 52

QAD

APRIL 3, 2025

Supplier Management solutions have garnered significant recognition in the procurement industry for their innovative approach and substantial business benefits. This recognition underscores QADs growing influence and effectiveness in addressing the complex needs of todays procurement professionals.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Negotiating Skills Sourcing 52

Talking Logistics

MAY 1, 2023

This past February we asked members of our Indago supply chain research community — who are all supply chain and logistics executives from manufacturing, retail, and distribution companies — “Is your company using Artificial Intelligence in its supply chain or logistics operations?”

Case Study 270

Case Study Manufacturing Procurement Study Procurement 270

SCMDOJO

OCTOBER 27, 2023

Supplier negotiation is the most critical skill in the world of procurement. Effective supplier negotiations do not limit to the best price but a mutually beneficial agreement from both the parties that can have a profound impact on the company. The following are common types of negotiation in procurement: 1.

Negotiate Pricing 105

Negotiate Pricing Negotiating Skills Pricing Training Purchasing Training 105

ivalua

OCTOBER 8, 2021

During the pandemic, Procurement flexed its muscle, helping to mitigate supply chain disruptions and enable new channels for engaging with customers and fulfilling orders. Here are four ways leading Procurement organizations can influence retail recovery in 2021 and beyond: 1. Decentralize Procurement.

Optimal Sourcing 130

Optimal Sourcing Material Savings Procurement Analytics Procurement Solutions 130

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.

Negotiating Skills 116

Negotiating Skills Optimal Sourcing Manufacturing Procurement Procurement Analytics 116

MIT Supply Chain

JUNE 13, 2013

A new tool enables procurers to negotiate product prices without bargaining away supplier goodwill. When bargaining with suppliers over a product price, how can procurement professionals secure the best deal without damaging a valued relationship by being overly aggressive? Fair deal. Identify the sub-parts.

Negotiate Pricing 78

Negotiate Pricing Negotiating Skills Purchasing Skills Manufacturing Procurement 78

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 98

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 98

SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. 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.

Negotiating Skills 105

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 105

Precoro

AUGUST 26, 2021

Or procurement? Although quite similar, procurement and purchasing are two distinctive processes , and understanding the difference between them can help facilitate your organization’s success. Scroll down to find: Procurement and purchasing: side-by-side comparison table ; Procurement and purchasing defined. Procurement.

Pricing Training 98

Pricing Training Procurement Solutions Procurement Analytics Purchasing Training 98

SCMDOJO

MARCH 19, 2024

In today’s fast-paced business landscape, having an efficient supply chain department is more important than ever. A streamlined supply chain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth.

Optimal Sourcing 98

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 98

Supply Chain Game Changer

NOVEMBER 24, 2018

Check out What Exactly Is Supply Chain Management? For his entire career my Father worked in the field of Procurement. But the job titles that he had during his career alternatively included either the word Procurement or the word Purchasing. But was that Procurement or was it Purchasing? Procurement.

Procurement Analytics 76

Procurement Analytics Purchasing Skills Optimal Sourcing Negotiating Skills 76

QAD

JANUARY 19, 2023

Supply chain management (SCM) is essential to any business strategy. Supply chain management is never boring, and there’s always more to learn. What is a Supply Chain? Simply put, a supply chain controls the flow of raw materials and goods. What is Supply Chain Management?

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 98

SCMDOJO

JANUARY 17, 2024

Managing the supply chain involves the delicate art of aligning your product supply precisely with customer demand. That is to say, there isn’t one single career in supply chain management. That is to say, there isn’t one single career in supply chain management. Planners do exactly that.

Purchasing Skills 98

Purchasing Skills Negotiating Skills Optimal Sourcing Manufacturing Procurement 98

SCMDOJO

APRIL 29, 2024

Are you interested in understanding how businesses effectively manage their supply chains? Look no further – this guide is here to help you grasp the fundamentals of supply chain management (SCM) and how it can lead to success. It encompasses activities such as procurement, supplier selection, and evaluation.

Supply Chain Planning Software 98

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Supply Chain Software 98

Requis

SEPTEMBER 7, 2023

As data volumes and complexity grow, procurement professionals increasingly recognize the need for accurate and transparent data management. This is essential for managing equipment flow, selecting suppliers, negotiating contracts, and mitigating risks.

Optimal Sourcing 59

Optimal Sourcing Analytics Software Procurement Analytics 59

SCMDOJO

DECEMBER 14, 2023

Limited Scope: Offers a more focused and individualized approach to the procurement process. Diverse Expertise: Leverages collective knowledge and resources for a more comprehensive and streamlined procurement process. Streamlining Logistics: Coordinating the logistics of procuring goods internationally involves a multitude of tasks.

Purchasing Skills 104

Purchasing Skills Optimal Sourcing Negotiating Skills Sourcing Strategies 104

ivalua

MARCH 9, 2023

It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. The last phase of the process, also known as Procure-to-Pay includes the ordering of goods/services, receiving of these, invoicing and payment to suppliers.

Optimal Sourcing 130

Optimal Sourcing Purchasing Skills Sourcing Strategies Sourcing 130

Unleashed

JUNE 8, 2023

Behind every successful product business is a thoughtful procurement strategy designed to optimise the supplier management and purchasing process. This guide answers exactly what is procurement, how procurement works in a business , and which tools and strategies lead to supply chain success.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Vendor Strategies Material Savings 52