article thumbnail

7 key skills for successful supply chain and procurement negotiation

Procurement Academy

Negotiation is key to business success. Successful negotiation involves good interpersonal and communication skills used together to bring a desired result. A good negotiator can ensure the right prices are secured, which makes a significant contribution to an organization’s success.

article thumbnail

How Do We Stop Buying Planning Software the Wrong Way?

Supply Chain Shaman

“We are considering the purchase of Blue Yonder, Logility, Kinaxis, o9, or OMP. Companies that buy technologies from an RFP process have a high likelihood of ending up in this predicament. Buying planning software is a lot like buying a car.

Software 370
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Experts Reveal Best Negotiation Books You Should Read

Supply Chain Opz

Do you want to excel in business negotiations quickly? This article will show you 10 best negotiation books that help you master essential negotiation skills. Anatomy of Negotiations According to negotiation theory, there are 4 important aspects of negotiations that you have to take into account as below, - Who are you negotiating with? Trying to get maximum benefit in every situation may does harm than good - Do you need a lead negotiator?

article thumbnail

How Do We Stop Buying Planning Software the Wrong Way?

Supply Chain Shaman

“We are considering the purchase of Blue Yonder, Logility, Kinaxis, o9, or OMP. Companies that buy technologies from an RFP process have a high likelihood of ending up in this predicament. Buying planning software is a lot like buying a car.

article thumbnail

Discover 4 Use Cases for Applying AI to Your Recruiting Processes

Yes I do Well, I was hoping for more training. Well, I was hoping for more training. on valuable tasks like negotiating offers and handling. The next. wave of. AI-led. recruiting Four ways machines are enabling their. human counterparts to hire smarter. 2A lly O | T h e n ex t.

article thumbnail

8 Reasons Why Language Training is Business Critical!

Supply Chain Game Changer

Language training article and permission to publish here provided by Andrew Mazur. This interaction leads customers to purchasing a service or product from a business. Here are 8 reasons why language training is critical for business. Subscribe Here! Email Address.

article thumbnail

Commercial Trucker Training! Sufficient or Not?

Supply Chain Game Changer

Commercial trucker training article and permission to publish here provided by Susan Melony. If you buy some fruit in a grocery store, it likely spent some time inside one of these trucks before it ended up in your refrigerator. This brings commercial trucker training to mind.

article thumbnail

Procurement vs. Purchasing: Similar but Different

Precoro

Purchasing? Although quite similar, procurement and purchasing are two distinctive processes , and understanding the difference between them can help facilitate your organization’s success. Purchasing and Procurement at a Glance. Purchasing. Negotiating contracts.

article thumbnail

Five Top Tips for Project/Program Team Negotiations

The Logistics of Logistics

When we consider negotiations we often think about discrete issues that occur and need to be. consider the key differences between the discrete negotiations and the new business award: The new program negotiations will occur over years, while the discrete negotiation usually lasts from minutes to days. Both the customer and the supplier involved in the new program negotiations will have multiple personnel involved from different functions within the companies.

article thumbnail

Procurement Analysis: a Game Changer for Purchasing Strategically

Precoro

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. It can answer the following questions for business: What are we buying? From whom are we buying? In what quantities are we buying?

article thumbnail

Building AI to Unlearn Bias in Recruiting

models can be wrongly trained or overtrained and. it can unlearn bias in recruiting: Machine Learning systems have algorithms that are sensitive to input and training data, and as. This can train the system better and also help human recruiters. Building AI to Unlearn Bias in.

article thumbnail

2022 Summer of Supply Chain Legislation

Procurement Academy

Against this backdrop, it’s more important than ever that supply chain professionals receive the ongoing training and support they need to succeed through this legislative storm. Training internal teams to use these tools effectively is essential to prepare for these changes.

article thumbnail

Lessons from the upcoming World Cup – making training stick is a team sport 

Procurement Academy

The Qatar World Cup begins this Sunday and if you need a reminder of the value of training and teamwork, it’s about to be in the world’s view for the next few weeks. To start, successful training in both disciplines is all about making incremental gains. Tie training to objectives.

article thumbnail

Legal Experts Need to be Front and Center in Negotiating Software Contracts

Supply Chain View from the Field

I had the opportunity to engage in a negotiation seminar with a large insurance company last week, and had the team work on a software contract role play. In the scenario, there was both a buyer and supplier, and there were multiple facets to consider in the negotiation. The problem in preparing for such a negotiation is that deriving a “should-cost” model in software contracts is extremely difficult – because often there is no cost-based model.

article thumbnail

How supply chain and procurement teams can manage suppliers effectively

Procurement Academy

Do you have a plan in place to accommodate changes in your business strategy, and how would changes in demand impact your purchasing decisions and spend? How do you anticipate products and services purchased today integrating into your products and solutions in the future?

article thumbnail

Purchase Price Variance (PPV)! A Profit or Loss Opportunity?

Supply Chain Game Changer

Purchase Price Variance, or PPV, is a common term in the realm of Purchasing/Procurement and Finance. In my experience proactive, attentive, and detailed Purchase Price Variance (PPV) can make an incredible contribution to the profitability of a company. Spot buying.

article thumbnail

What’s the difference between purchasing and procurement?

Unleashed

Procurement and purchasing are often used interchangeably to describe the role of procurement. Procurement is the process of purchasing a service or a good, usually on a large scale and for commercial purposes. Finalise the purchase, arrange delivery, and make payment.

article thumbnail

Buy vs. Build: Should You Purchase Software or Create Your Own?

Parade

That’s not to say that it doesn’t take time to get to the point where you can use a purchased software in operations; it takes time to implement, integrate, test, and train staff to work with new programs. It’s a question as old as software itself.

article thumbnail

How To Set Up and Create a Blanket Purchase Agreement in NetSuite

Precoro

When repeatedly ordering large amounts of the same goods from one supplier, managing purchase orders and adequately planning the expenditures becomes quite tricky. That's where blanket purchase agreements come in handy. What is a Blanket Purchase Agreement, and Why Use It?

article thumbnail

CNBC: Harvard-trained economist shares 21 money rules: ‘Own your home’ and ‘try to buy in cash’

Operations and Supply Chain Management

Harvard-trained economist shares 21 money rules: ‘Own your home’ and ‘try to buy in cash’ Sent from the CNBC app. Available on the App Store. – Bob

article thumbnail

Passenger Trains vs. Freight Trains

Freightera

What Is The Difference Between Passenger Trains and Freight Trains. The differences between transport and freight trains are numerous, ranging from technical to operational. First off: We all know to one extent or another what passenger trains are.

article thumbnail

The Key to Successful Procurement Negotiations? Be Prepared!

Jaggaer

Supplier negotiation skills are essential for anyone working in procurement. It’s become standard for companies to train their employees on negotiation tactics to get better deals from suppliers, but these skills are also useful outside of the buyer -supplier relationship.

article thumbnail

10 Strategies for improving supplier relationship management

Procurement Academy

Innovative training. Training is necessary to educate the organization on effective supplier relationship management and its role in optimizing business operations. eLearning Procurement Supply Chain blog legislation negotiation process procurement procurement training

article thumbnail

Top 14 Logistics and Supply Chain Management Training Programs and Courses in 2016

GlobalTranz

Today, Kelly shares the top 14 Logistics and Supply Chain Management training programs and courses available in 2016. From these lessons you will learn to plan supply chains that enhance inventory network benefit, build and amplify production network coordination and joint effort, identify dangers and configuration hazard relief systems, explore production, purchasing, and distribution methodologies for a worldwide environment.

Course 163
article thumbnail

Introducing Retail Training: Learn From the Industry’s Leading Experts to Maximize Your Profitability

Procurement Academy

Employees who are well informed and have access to training materials are typically happier and perform better when required. The retail staff is the most significant stimulus for the customer’s purchase decisions.

article thumbnail

The Supply Chain Manager’s Daily Decathlon (part 6 of 6)

Supply Chain Movement

Let me briefly focus on three things: recruitment, training and career paths. but also need a sound basis of “soft” skills (communication, people management, negotiation, presentation skills and the like), then it should hopefully be clear that this is not a purely technical function. Training. In any case, given the nature of the job, I think the training should be practically oriented, based on learning by doing.

article thumbnail

My Take: E2open Buys Terra Technology

Supply Chain Shaman

As an analyst in the supply chain market for 15 years, I have written many articles on best-of-breed technology companies purchased by a larger company. The Terra Technology investment is one of what we believe will be a series of purchases to build inter-enterprise cloud-based software platforms to redefine supply chain planning. The E2open team will need to retain the Terra Technology team’s talent and train the E2open team on demand.

article thumbnail

There’s a Less Frustrating Way to Negotiate Freight Contracts

Logistics Bureau

What do planes, trains, trucks, and ships all have in common?… When you negotiate freight contracts though, there’s a lot more to consider (and haggle over) than the price per unit/tonne/pallet that you wish to transport. Indeed, freight contract negotiation can be time-consuming, frustrating, and complicated, but there are ways and means to reduce the frustration, and perhaps yield more rewarding outcomes. You Need Intelligence to Negotiate Freight Contracts.

article thumbnail

16 ERP implementation risks that vendors WON’T tell you

Unleashed

Lack of buy-in ERP will fundamentally change how your business works – that is, of course, the point. Lack of buy-in – from management or staff – is a major risk in ERP implementations. Business Tips inventory management software software as a service software training

article thumbnail

Procurement in a high inflation environment?

Procurement Academy

Locking in the purchase price of fuel for several years, for example, can significantly mitigate the risk of energy costs shocks. eLearning News & Events Procurement Supply Chain blog procurement training sourcing supply chain training

article thumbnail

Procurement in a high inflation environment?

Procurement Academy

Locking in the purchase price of fuel for several years, for example, can significantly mitigate the risk of energy costs shocks. eLearning News & Events Procurement Supply Chain blog procurement training sourcing supply chain training

article thumbnail

Renting vs Buying an Industrial Tent – Which is Better for You?

Supply Chain Game Changer

You can attain an industrial tent by either buying or renting it. If you have an event coming up or need extra room for personal effects, continue reading to find out whether you should buy a tent or rent one. But now comes the question of whether you should buy or rent one.

article thumbnail

A Quick Guide to Roles in Procurement

Logistics Bureau

Then we get the Project Procurement Manager, who is responsible for communicating with suppliers concerning the purchase of commodities, equipment, and services. For this position, the incumbent should have strong leadership skills, be a good negotiator , and possess an agile, analytical mind.

article thumbnail

5 ways to improve your procurement processes

Procurement Academy

Increasing employee capability through training and development. Training and development remains one of the key factors that lead to a successful business. The emergence of innovative training solutions is increasingly being adopted by leading procurement organizations.

article thumbnail

Ethics in Procurement: What are you doing to keep procurement ethical?

Procurement Academy

An example of how ethics comes into play in procurement is in supplier selection, evaluation, negotiation and ultimately awarding business. Ethics training. Ethics training is one of the most essential components to ensure that employees are aware of the importance of ethical practices.

article thumbnail

What are you doing to keep procurement ethical?

Procurement Academy

An example of how ethics comes into play in procurement is in supplier selection, evaluation, negotiation and ultimately awarding business. Ethics training. Ethics training is one of the most essential components to ensure that employees are aware of the importance of ethical practices.

article thumbnail

Your Better Buying Journey Starts Here

Herlitz Inventory Management

Herlitz and Catalyst have been partnered since 2018 and can bring steady wins to your business in the supply chain and purchasing system. Our mission is to remove the guesswork from purchasing and simplify the ordering process for buyers.