Logistics Viewpoints

NOVEMBER 18, 2024

Like many companies, the French multinational produces a significant amount of its products in low-cost nations. By 2014, the company had purchased the Coupa solution, developed an internal modeling team, and created data extraction and cleansing routines. This is when the firm hired Mr. Botham.

Supply Chain Design Software 306

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain Planning Software 306

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 105

Pricing Training Expense Reduction Price Reduction Purchasing Training 105

SCMDOJO

JANUARY 9, 2025

Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Strategic Sourcing: The Foundation of Effective Procurement Strategic sourcing is far more than simply choosing suppliers. Done well, it can become a key driver of competitive advantage.

Optimal Sourcing 96

Optimal Sourcing Manufacturing Procurement Procurement Solutions Negotiating Skills 96

Logistics Viewpoints

OCTOBER 24, 2024

SAP is embedding its generative Joule across the SAP Ariba source-to-pay solution portfolio to make it easier for their customers to manage routine inquiries, such as status updates, summarization, and frequently asked questions. When a procurement contract is negotiated, the buyer has planned to achieve a certain level of savings.

SAP 298

SAP Procurement Solutions Manufacturing Procurement Procurement Analytics 298

SCMDOJO

MARCH 24, 2025

Introduction Gardner, (1954) and Huntzinger, (2007) define Purchase price variance (PPV) as a metric used to measure the effectiveness of cost-saving efforts by calculating the difference between the planned cost (standard pricing) allocated for purchasing activities and the actual cost incurred.

Purchasing Skills 56

Purchasing Skills Negotiating Skills Negotiate Pricing Procurement Analytics 56

Logistics Viewpoints

NOVEMBER 19, 2024

Given the many aspects of retail operations outside a business’ control—from supply chain disruptions and labor shortages to inflation and interest rates impacting both operational costs and customer behavior—the fulfillment challenge this peak holiday season is acute.

Resource Reduction 222

Resource Reduction Price Reduction Cost Reduction Strategies Vendor Strategies 222

Precoro

DECEMBER 24, 2024

Unlike traditional tools that often operate in isolation or rely on rigid workflows, AI connects the dots between disparate data sources, providing a more comprehensive view of procurement activities. This gives them advance warning so they can adjust their purchasing strategies.

Price Reduction 105

Price Reduction Sourcing Strategies Cost Reduction Strategies Expense Reduction 105

Jaggaer

FEBRUARY 5, 2025

What Is Strategic Sourcing? A Complete Guide Strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. It is called strategic because it replaces traditional ad hoc approaches to sourcing, which were almost entirely focused on cost savings, item by item.

Negotiating Skills 52

Negotiating Skills Sourcing Strategies Purchasing Skills Optimal Sourcing 52

Procurement Academy

FEBRUARY 4, 2025

Modern procurement professionals need to be among some of the most highly skilled workers in any organization, and we want to help you identify exactly what essential procurement skills you need to lead your team as the industry continues to grow and evolve.

Negotiating Skills 59

Negotiating Skills Purchasing Skills Buyer Training Optimal Sourcing 59

Logistics Viewpoints

JANUARY 6, 2025

The most common form of trading partner collaboration is purchase order collaboration. With PO collaboration, buyers send digital purchase orders over the network to suppliers or other trading partners. They can view overall performance and then drill down and look at problems purchase order by purchase order.

Supply Chain Transformation 305

Supply Chain Transformation Supply Chain Software Purchasing Training Buyer Training 305

SCMDOJO

DECEMBER 29, 2024

Key takeaways Importance of Procurement Procurement vs. Purchasing Key Functions Departmental Structure Role Descriptions The blog emphasizes the significance of a well-structured procurement department with qualified personnel to achieve organizational objectives. Read In Detail About Procurement Department Here 2.

Negotiating Skills 87

Negotiating Skills Purchasing Skills Purchasing Training Buyer Training 87

Jaggaer

FEBRUARY 5, 2025

Strategic Sourcing Success: Best Practices and Key Strategies Of course, there are many definition s of source-to-pay but put simply, strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. How Has Strategic Sourcing Evolved?

Negotiating Skills 52

Negotiating Skills Purchasing Skills Sourcing Strategies Optimal Sourcing 52

Logistics Viewpoints

JUNE 29, 2023

It is crucial for organizations to understand the importance of Purchase Order collaboration to effectively manage their direct spend, optimize operations, and mitigate risks. Direct spend can be a significant part of the Cost of Goods Sold for an organization.

Manufacturing Procurement 275

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 275

Arena Solutions

FEBRUARY 4, 2025

Global supply chain disruptions continue to derail manufacturers in the high-tech, automotive, and renewable energy sectors as they grapple with long lead times, higher prices, and electronic component shortages. To mitigate risks, many companies are incorporating alternate parts into their sourcing strategy. Focus on commodity parts.

Purchasing Skills 62

Purchasing Skills Manufacturing Procurement Sourcing Strategies Sourcing 62

SCMDOJO

DECEMBER 29, 2024

SCMDOJO Academy elevates your procurement and supply chain skills through its extensive course library. Continuous learning is crucial for professionals to stay ahead of the curve and enhance their skill sets. Moreover, it covers written and verbal communication skills, negotiation techniques, and conflict-resolution strategies.

Optimal Sourcing 98

Optimal Sourcing Course Negotiating Skills Purchasing Skills 98

Logistics Viewpoints

MARCH 3, 2025

These agents can communicate, negotiate, and collaborate to solve complex problems. Then, another application would be purchased, and another, and another. trillion records from 47 data sources in the Cognite platform. A knowledge graph creates relationships across previously siloed data sources. In part, this was skill.

Negotiating Skills 193

Negotiating Skills Supply Chain Design Software Modeling Software Supply Chain Planning Software 193

Supply Chain Shaman

MAY 21, 2024

For example, a cost improvement in one function could raise the costs in another. When I was an analyst at AMR Research (purchased by Gartner in 2010), I used the framework shown in Figure 2, as a framework to discuss supply chain excellence. I also believe that we need to shift from a focus on cost to maximize value.

Procurement Analytics 393

Procurement Analytics Metrics Optimal Sourcing Supply Chain Planning Software 393

QAD

MAY 1, 2025

In todays complex and often volatile global environment, procurement leaders face mounting pressure to cut sourcing costs while navigating geopolitical instability, inflation, tariffs and talent shortages. The truth is, sourcing smarter isnt just about softwareits about strategy, support, and best practices.

Sourcing Strategies 52

Sourcing Strategies Cost Reduction Strategies Purchasing Skills Optimal Sourcing 52

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 278

Modeling Software Optimization Software Supply Chain Network Software Logistics Network Optimization Software 278

SYSPRO Smarter ERP

NOVEMBER 18, 2024

For example, an ERP for automotive distributors needs to include not just a standard sales function but also allow for automotive-specific processes like call-offs and contract pricing, as well as other processes like returns and lot traceability. There are several business processes that an ERP must have to support automotive distribution.

Automotive 98

Automotive Optimal Sourcing Purchasing Skills Manufacturing Procurement 98

ToolsGroup

MAY 17, 2022

Image source: Cape Analytics. Image Source: Nola. Image Source: USA Today. Increasing Chlorine Prices. The following graph from CNBC illustrates the impact of chlorine prices following the BioLab fire in Louisana: Prices began to increase immediately after the fire, with the shortage causing a continual build.

Purchasing Skills 367

Purchasing Skills Louisiana Manufacturing Procurement Las Vegas 367

Logistics Viewpoints

JUNE 7, 2023

First, what are some things companies can do to reduce delivery costs and how does technology play a role? Third, how can both retailers and logistics providers better cooperate to provide enhanced service and reduced costs? Reducing Cost per Delivery Reducing cost per delivery is a critical KPI for companies.

Cost Reduction Strategies 263

Cost Reduction Strategies Purchasing Skills Logistics Network Optimization Software Predictive Analytics Software 263

ToolsGroup

MARCH 25, 2025

Beyond simply improving forecast accuracy, todays ML-powered demand forecasting software uncovers hidden supply trends, anticipates pricing fluctuations, and enables proactive supply chain planning decisions. According to McKinsey , organizations implementing AI-driven demand forecasting solutions can reduce forecast errors by 30% to 50%.

Supply and Demand 156

Supply and Demand Forecasting Forecasting Software Modeling 156

Exiger Perspectives

FEBRUARY 11, 2025

Industries dependent on these metals, including defense , renewable energy , electronics, and manufacturing, may experience supply chain disruptions, including delays, price increases, and supply bottlenecks, due to China’s leading role in their production. It is not clear whether U.S. defense and technology.

China 105

China Purchasing Skills Alloy Supply Chain Software 105

Logistics Viewpoints

NOVEMBER 25, 2024

Facilities sourcing and construction contracting were centralized in the procurement department. Once that requisition is approved, it becomes a purchase order. If the invoice matches the purchase order, it is posted in SAP, and the payment is made automatically without any paper or human touch. There was also a realignment.

Boston 306

Boston Purchasing Skills Sourcing Strategies Sourcing 306

Precoro

MAY 13, 2025

In times like these, cost efficiency becomes the real hero.   In this guide, we’ll explore what cost efficiency is, examples, and best practices on how cost efficiency can make your company more competitive and profitable in today's fast-paced economy. The path to sustained growth begins with smart spending. 

Sourcing Strategies 45

Sourcing Strategies Cost Reduction Strategies Purchasing Skills Negotiating Skills 45

Logistics Viewpoints

JUNE 1, 2023

That’s why staying on top of the latest supply chain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs. They are more likely to shop for discounts and sales and may delay purchases of some items.

Supply Chain Planning Software 277

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 277

Logistics Viewpoints

AUGUST 18, 2021

Furthermore, there is much discussion about the word “transitory,” as used by Federal Reserve Chairman Jerome Powell to describe what he believes is like a short-term phase of price increases. With that said, let’s take a look at some recent and more granular data on sales, prices, and supply chain performance. Yesterday, the U.S.

Supply Chain Disruption 336

Supply Chain Disruption Manufacturing Procurement Supply Chain Purchasing Skills 336

Logistics Viewpoints

DECEMBER 6, 2022

The continued growth in e-commerce retail sales has been largely driven by factors such as convenience, product selection and lower prices. However, the inability for consumers to initially see, feel or experience products they purchase online can create gaps between product expectations and what arrives at the doorstep. In the U.S,

Reverse Logistics 279

Reverse Logistics Purchasing Skills Price Reduction Logistics Network Optimization Software 279

Supply Chain Shaman

DECEMBER 15, 2022

” Or “push a shift from a focus on cost to drive value?” In my research, I find that the lack of alignment has a direct impact to value (operating margin and market price to book value). Advanced planning solutions (APS) do not cross over make, source, and deliver with a common data model in the planning horizons.

Manufacturing Procurement 397

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Procurement Analytics 397

Logistics Viewpoints

AUGUST 15, 2022

Of the professionals surveyed, 59% saw the gap between procurement/sourcing and supply chain to be a major disconnect, and the most pressing pain point. Procurement solutions are often updated with purchased information. Similarly, for spend management solutions the purchase order can be stopped if information is not up to date.

Supply Chain Network Software 315

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 315

Bristlecone

JANUARY 8, 2025

Supply chain digitalization enables companies to improve operational efficiency, speed up processes, provide better insights, and reduce total acquisition costs. Companies must focus on developing these skills internally with the help of strategic service providers.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Software 98

Logistics Viewpoints

OCTOBER 18, 2023

Or have these concerns been replaced with cost-price inflation and compressed profit margins? Source: J.P. Manufacturing Purchasing Managers Indexes The J.P. The decline in transportation costs reduces the volatility index reading but is surely a positive for shippers. But what about now?

Manufacturing Procurement 334

Manufacturing Procurement GEP Purchasing Skills Logistics 334