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

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

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

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

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

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

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

ToolsGroup

FEBRUARY 9, 2022

While some orders still delight, a few recent purchases have left me faltering when it comes to your customer experience. And now, you’ve decided to raise the price of my Prime subscription. Amazon Prime’s Price Increase: The Facts at a Glance. On February 3, 2022, Amazon announced its first price increase since 2018.

Purchasing Skills 296

Purchasing Skills Price Reduction Retail Supply Chain Planning Software 296

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

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

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

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

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 20, 2025

What is Source to Pay (S2P)? Yet in the case of source to pay, it is wholly justified. The term refers to the entire journeyfrom finding suppliers and negotiating contracts to finalizing agreements and making the final payment for goods. Yet there are good reasons to do so. Or rather, it should not, in a data-driven environment.

Optimal Sourcing 52

Optimal Sourcing Purchasing Skills Manufacturing Procurement Sourcing Strategies 52

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

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

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

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

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

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

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

The Logistics of Logistics

JANUARY 13, 2023

The Amplio solutions ensure that you have the inventory you need, when you need it, at the most optimized price so that you can focus on what matters most to you and your business. Trey and the Amplio team believe that sourcing electronic components should be easy and predictable. Access diverse sources of supply.

Manufacturing Procurement 244

Manufacturing Procurement Optimal Sourcing Purchasing Skills Procurement Solutions 244

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

ivalua

MAY 30, 2023

It is an important part of the decision-making process and requires careful consideration of a wide range of factors, such as cost, quality, reliability, and delivery times. By maximizing resource utilization and implementing careful procurement management, the government can source the best goods and services at the most competitive prices.

Manufacturing Procurement 49

Manufacturing Procurement Procurement Solutions Resource Reduction Procurement Analytics 49

Logistics Viewpoints

FEBRUARY 11, 2021

Over the years, cost and efficiency ruled the supply chain agenda. At the same time, the Chief Purchasing Officer (CPO) has taken on a pivotal role by securing Personal Protective Equipment (PPE) to protect the workforce and direct materials when primary sources fail.

Manufacturing Procurement 301

Manufacturing Procurement Sourcing Strategies Pharmaceutical Procurement Solutions 301

Logistics Viewpoints

MARCH 8, 2021

Mr. Frasquet is the executive director of corporate procurement, although his responsibilities include a much broader set of supply chain responsibilities than just sourcing. How will total landed costs be impacted by adding a new supplier? How do we best handle surging transportation costs?

Supply Chain Design Software 321

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Modeling 321

Logistics Viewpoints

MARCH 27, 2025

AI is also making it possible to define a response that balances multiple outcomes, such as cost, service, profitability, and sustainability, applying pre-defined rules and guardrails. Not only can agentic AI reduce warehouse labor costs by 25% and improve productivity by 15%, but it also increases employee satisfaction and retention.

Supply Chain Planning Software 333

Supply Chain Planning Software Supply Chain Network Software Logistics Network Optimization Software Predictive Analytics Software 333

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

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

The Logistics & Supply Chain Management Society

MAY 28, 2022

In these times of global turmoil, there are five (5) important megatrends shaping supply chain innovations in the coming years, namely in e-fulfillment, sourcing, food and agriculture, labour intensive operations, and halal supply chain management. From global to local and regional sourcing. Marco Tieman – CEO, LBB International.

Innovation 244

Innovation Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Software 244

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

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

Logistics Viewpoints

OCTOBER 12, 2023

Lower-income consumers and those using food assistance programs care the most about food waste as a purchase driver—again, suggesting it is a response to higher prices.” Sourcing is not only from traditional farms but also from controlled environment agriculture (e.g.,

Supply Chain Design Software 316

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Planning 316

Logistics Viewpoints

MARCH 9, 2023

This is because most classical planning solutions lack the modeling capability and computing power to accommodate different data sources, large SKU count, and detailed constraints and contingencies to build an immediately executable plan. each with discrete plans generated typically in sequential batch runs.

Supply Chain Planning Software 288

Supply Chain Planning Software Modeling Forecasting Software Optimization Software 288

ivalua

MAY 31, 2022

A company’s supply chain is a key source of competitive advantage and Supply Chain Management (SCM) is designed to allow a company to monitor its suppliers and utilize the available resources to improve performance. But most sourcing and procurement teams need to pivot and modify the way they handle SCM decisions.

Procurement Solutions 246

Procurement Solutions Supply Chain Design Software Supply Chain Planning Software Negotiating Skills 246

ToolsGroup

JUNE 10, 2022

There are plenty of other businesses ready to compete on price and service. Image source: National Retail Association. Image source: Twitter. Image source: Ikea. It’s a strategy that has paid off, turning Ikea into a beloved destination: Image source: Buzzfeed. Image source: Lyft. Competition is intense.

Customer Service 295

Customer Service Examples Price Reduction Sourcing Strategies 295