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

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

Freightos

APRIL 29, 2025

One Fortune 100 retailer described maintaining seven different logistics platforms, each requiring separate logins, data management, and training. We’re talking about solving for the entirety of the procurement lifecycle from strategic sourcing through execution and analysis.

Supply Chain Design Software 227

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Network Software 227

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

SCMDOJO

JULY 26, 2023

Negotiation, a crucial skill in the realms of business and procurement, demands the ability to remain calm, collected, and confident even in the most challenging situations. Thankfully, in our digital age, we have access to an array of mediums for training and communication that can aid us on this journey of honing our negotiation prowess.

Negotiating Skills 98

Negotiating Skills Purchasing Training Buyer Training Manufacturing Procurement 98

Jaggaer

FEBRUARY 5, 2025

Strategic Sourcing Simplified: Best Practices for Maximizing Value Strategic sourcing goes beyond cost savings its about making informed decisions that drive long-term value. Now well dive into best practices in these critical areas to ensure a more effective and resilient sourcing strategy.

Sourcing Strategies 52

Sourcing Strategies Negotiating Skills Optimal Sourcing Price Reduction 52

Jaggaer

FEBRUARY 5, 2025

The Power of Source-to-Pay Digital Transformation To put it briefly, source-to-pay refers to the entire process that starts with finding, negotiating with, and contracting the suppliers of materials, goods and services, and culminates in the final payment for those items. Who Should Prioritize an S2P Digital Transformation?

Sourcing Strategies 52

Sourcing Strategies Optimal Sourcing Manufacturing Procurement Negotiating Skills 52

RFgen

DECEMBER 27, 2024

Think of it as a single source of truth for everything from production planning and inventory management to financials, supply chain, and even the shop floor. Consider all costs associated with the ERP system, including: Software licensing, hardware costs, consulting fees, training, data migration.

Supply Chain Planning Software 98

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Supply Chain Shaman

NOVEMBER 11, 2020

The discipline, first defined in 1982, includes source, make, deliver, and planning functions. Note the lack of training on next-generation supply chain thinking in Figure 1. Until there are clear answers, business leaders should avoid buying software from companies with deep investments by venture capitalists. Let me explain.

Supply Chain Design Software 362

Supply Chain Design Software Procurement Solutions Manufacturing Procurement Supply Chain Planning Software 362

Supply Chain Shaman

APRIL 24, 2025

However, if the buyer wants to buy complimentary solutions, buying and combining solutions might make sense. There is a need to actively make trade-offs across source, make, and deliver while aligning to a balanced scorecard. The reason? They are too different. No planning technology today can do this. The market lacks a leader.

Gartner 195

Gartner Supply Chain Planning Software Supply Chain Planning Scenario Planning 195

Precoro

DECEMBER 11, 2023

To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing. Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

SCMDOJO

JULY 3, 2023

Whether you’re an aspiring procurement enthusiast or a seasoned professional aiming to advance your career, investing in procurement training and procurement training courses can be a game-changer. The fantastic employment options that procurement training opens up are among the most convincing arguments for doing so.

Purchasing Training 98

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 98

Procurement Academy

FEBRUARY 6, 2025

Download our Training Catalogs Gone are the days of one-size-fits-all training programs and static skill sets. The latest employee training trends show todays successful organizations as those that adapt quickly by embracing innovative approaches to upskill their teams. The result?

Buyer Training 52

Buyer Training Purchasing Training Price Mitigation Strategies Negotiating Skills 52

SCMDOJO

DECEMBER 14, 2023

In the global world of businesses, companies often seek help from sourcing agencies to figure out how to get the things they need. But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s explore this world of sourcing agencies and understand what they do.

Purchasing Skills 99

Purchasing Skills Optimal Sourcing Negotiating Skills Sourcing Strategies 99

SCMDOJO

JUNE 6, 2024

Do you dream of confidently navigating the ever-changing procurement world, not confused with what procurement training to opt for? The SCMDOJO Procurement Track isn’t just another training program – it’s your key to unlocking a commanding presence in the field.

Pricing Training 104

Pricing Training Negotiating Skills Buyer Training Optimal Sourcing 104

Procurement Academy

FEBRUARY 4, 2025

Were going to examine what skills are necessary for procurement leaders, why theyre important, and how you can effectively train to lead your team in a highly complex and still-growing field. Highly trained professionals should be able to analyze the entire supply chain to unearth ways to save costs and even add value in places.

Negotiating Skills 59

Negotiating Skills Purchasing Skills Buyer Training Optimal Sourcing 59

Logistics Viewpoints

MARCH 27, 2025

Whether supply chain and logistics teams are looking for new sources of inventory, transportation or warehousing, a full-service logistics software partner can seamlessly connect them with the right partners. Even as the logistics network expands, digitalization guarantees all collaborators share the same data and awareness.

Supply Chain Planning Software 331

Supply Chain Planning Software Supply Chain Network Software Logistics Network Optimization Software Predictive Analytics Software 331

Procurement Academy

APRIL 24, 2025

Procurement professionals focus on sourcing goods and services, negotiating with suppliers, and managing contracts. It involves sourcing the right suppliers, managing tenders, negotiating contracts, and ensuring value for money. A poorly negotiated contract can lead to delayed deliveries.

Optimal Sourcing 52

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

Precoro

JULY 16, 2023

The purchasing department plays a critical role in the success of an organization. Thought-out practices and well-managed workflows within the purchasing department are crucial for making sure that the company has the necessary resources available at the right time and at a reasonable cost.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

Procurement Academy

APRIL 10, 2025

Recent and proposed tariff changes are reshaping the landscape at a rapid speed, putting supply chain leaders on high alert and forcing businesses to rethink sourcing strategies, supplier relationships, and cost structures. Trade Compliance Training: A Critical Capability One area where this agility is especially vital is trade compliance.

Negotiating Skills 71

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

Logistics Viewpoints

MAY 13, 2024

This technology allows businesses to unify their procurement, expense management, invoicing, payments, sourcing, contract management, and spend analysis processes and reporting. This solution provides for purchase order collaboration. It is a bad sign if an AI solution is being trained on public web data,” Turner explained. “A

Procurement Solutions 298

Procurement Solutions Forecasting Software Modeling Software Procurement Analytics 298

Logility

MARCH 17, 2022

Digital supply chain planning and management enables organizations to integrate disparate systems, easily manage supplier compliance and assessments, optimize production schedules, reduce all sorts of risks, and make the sourcing decisions that lead to a stronger supply chain and improved margins as well as profits. Key Takeaways.

Supply Chain Planning Software 156

Supply Chain Planning Software Optimal Sourcing Sourcing Strategies Optimization Software 156

Logistics Viewpoints

JULY 27, 2021

What’s more, bots don’t require paychecks, benefits, vacations, training or other workforce overhead. A January 2021 DOT report suggests that “only 48% of trucking firms would be able to buy the technology in the decade after it becomes available.” Knowing the details will equip you to either negotiate or hold tight based on facts.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Predictive Analytics Software 246

Precoro

OCTOBER 6, 2022

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. Thorough analysis allows procurement professionals to surface, visualize, and present purchasing patterns, which are then evaluated by the stakeholders. From whom are we buying?

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 98

Logistics Viewpoints

MAY 24, 2022

Talk to your people to get their input and buy-in first. Explain what you’re trying to accomplish and then make sure your WMS can communicate with the necessary automation equipment before you rent or buy “only one unit” to start. What’s more, your SaaS support team is trained on the platform to know exactly what to do.

Supply Chain Network Software 274

Supply Chain Network Software Demand Planning Software Modeling Software Logistics Network Optimization Software 274

SCMDOJO

SEPTEMBER 18, 2023

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. Sourcing plays a crucial role in building strong supplier relationships and achieving cost-effectiveness in the supply chain.

Negotiating Skills 105

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 105

The Logistics of Logistics

MARCH 13, 2021

Sourcing Strategy: Effective vs Efficient with Ron Crabtree. Joe Lynch and Ron Crabtree discuss sourcing strategy: effective vs efficient. When developing a sourcing strategy, the focus can be effectiveness (gaining desired results) or on efficiency (reducing cost, labor, and resources used). About Ron Crabtree.

Sourcing Strategies 130

Sourcing Strategies Resource Reduction Price Reduction Waste Reduction 130

The Logistics & Supply Chain Management Society

SEPTEMBER 21, 2022

We can help business leaders by providing insight on the environment benefits or disadvantages of their different sourcing options to start with, but after that comes the physical moving of goods. Where customers receive products is not usually negotiable. Green Supply Chains – The Right Place at The Right Time.

Supply Chain Design Software 246

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software 246

SCMDOJO

OCTOBER 30, 2024

Multi-Tiered System of Support (MTSS) platforms have emerged as innovative solutions in education and training, offering customized support that can profoundly enhance the development of future supply chain experts. Preparing the next generation to excel in this dynamic field requires more than traditional education methods.

Supply Chain Planning Software 93

Supply Chain Planning Software Analytics Software Forecasting Software Predictive Analytics Software 93

SCMDOJO

APRIL 11, 2025

Control Costs: Track value beyond just the purchase price and manage inventory effectively. A lower TCO indicates better value sourcing, even if the initial purchase price isn’t the absolute lowest. Is the initial negotiation focused too much on price alone? Do you rely on a single source for critical items?

Pricing Training 57

Pricing Training Negotiating Skills Purchasing Skills Optimal Sourcing 57

Logistics Viewpoints

JUNE 12, 2024

Autonomous supply chains can also help businesses by enabling new business models, such as direct-to-consumer, subscription-based, and circular, and creating new sources of revenue and competitive advantage. Kongsberg purchased Rolls Royce’s autonomous marine division back in 2018 to help advance its position as a leader in this market.

Supply Chain Planning Software 316

Supply Chain Planning Software Supply Chain Software Shipping Supply Chain Optimization 316

Enterra Insights

APRIL 8, 2025

Factors like automation, massive investments in at-scale, fit-for-purpose technologies, specialized training, low labor rates, and effective demand and supply planning capabilities, have woven themselves like threads into the fabric of efficient global manufacturing ecosystems. Batteries are sourced from South Korea and China.

Manufacturing Procurement 130

Manufacturing Procurement Fort Worth South Korea Sourcing Strategies 130

Logistics Viewpoints

JULY 12, 2024

Target’s cotton policy states the retailer “does not knowingly buy or sell products that are made, in whole or in part, using forced or underage labor.” Lidl also shared that it had identified 11 critical raw materials and committed to setting responsible sourcing targets for each group of items. That’s all for this week.

Material Savings 309

Material Savings Los Angeles Waste Reduction Logistics Network Optimization Software 309

BlueYonder

MARCH 11, 2025

A rise in nearshoring and away from single-source dependency The pandemic was a wake-up call that exposed the fragility of globally interconnected supply chains and the risks of over-reliance on distant suppliers and single-source strategies. 3 long term changes to the supply chain 1. 2 trends that have returned to normal 1.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Sourcing Strategies Modeling 78

Procurement Academy

FEBRUARY 13, 2025

Upskilling in more strategic skills , such as risk management or sustainable sourcing, will lead to improved efficiency and innovation within your supply chain, while also providing your staff with career advancement opportunities increasing the likelihood of employee retention. What Is an End-to-End Supply Chain?

Negotiating Skills 52

Negotiating Skills Optimal Sourcing Buyer Training Supply Chain Planning Software 52

The Logistics & Supply Chain Management Society

OCTOBER 14, 2021

In other words, halal requires an organisation of the supply chain instead of just the factory: from source all the way up to point of consumer purchase. The brand owner has its plant halal certified and is buying its ingredients from suppliers with the right halal certificates. distributor, retailer) and suppliers (e.g.:

Pharmaceutical 237

Pharmaceutical Buyer Training Supply Chain Software Supply Chain Strategy 237

Logistics Viewpoints

JUNE 1, 2023

Continuing Disruptions in Transportation and Sourcing Materials After the pandemic, retailers are faced with new challenges and disruptions due to global conflicts, trade restrictions, and now recessions. They are more likely to shop for discounts and sales and may delay purchases of some items.

Supply Chain Planning Software 276

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 276