SCMDOJO

MARCH 8, 2024

In this blog, we’ll explore some key inventory optimization strategies that can benefit businesses of all sizes and industries. Top 5 Inventory Optimization Strategies Explained Managing inventory efficiently is vital for any business.

Inventory Reduction 79

Inventory Reduction Optimal Sourcing Resource Reduction Cost Reduction Strategies 79

ivalua

JUNE 11, 2021

In our joint webinar Capgemini will show why Net Zero matters and how to successfully integrate Sustainability into your overall supplier strategy while Ikea will demonstrate how they successfully introduced supplier sustainability as part of their supplier scorecard. Sounds interesting? Sign up HERE.

Supplier Management 130

Supplier Management Sustainability Procurement How To 130

ivalua

JANUARY 13, 2023

However, these changes will place a strain on diversity and supplier management teams within these organizations. . Specifically, Source-to-Pay solution providers are critical supplier diversity partners and customers should trust these partners to support their diversity initiatives. .

Sourcing Strategies 246

Sourcing Strategies Cost Reduction Strategies Expense Reduction Optimal Sourcing 246

Supply Chain Game Changer

JUNE 30, 2022

The Importance of a Strong Supply Chain and Logistics Strategy! A supply chain is made up of an interconnected network of suppliers that all function together to deliver products or services to customers efficiently. For a supply chain to run smoothly it needs to be well managed under the right strategy for your business objectives.

Inventory Reduction 78

Inventory Reduction Vendor Strategies Cost Reduction Strategies Supply Chain Strategy 78

Precoro

MAY 27, 2021

For anyone responsible for procurement in an organisation, supplier management is an inevitable area of responsibility. By building an excellent Supplier Management Process, a successful company can mitigate those risks and ensure that their supply chain is undisrupted and meets the KPI's.

Negotiate Pricing 52

Negotiate Pricing Supplier Management Procurement Analytics Negotiating Skills 52

ivalua

NOVEMBER 5, 2015

Which got me to thinking… If you are a manufacturer, what supplier management practices might you eliminate if you had a clean slate? Here are some to consider: Segmenting suppliers by spend – By segmenting on total spend, and only focusing on those who you are spending the most with, glaring gaps open up.

Cost Reduction Strategies 100

Cost Reduction Strategies Supplier Management Negotiating Skills Sourcing Strategies 100

Unleashed

OCTOBER 4, 2023

Technology integration: Ensuring that different software systems ­– such as inventory management, order processing, and shipping software – work seamlessly together is crucial for a smooth order fulfilment process. Supplier management: Managing suppliers requires consistent and clear communication from both sides.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Resource Reduction Cost Reduction Strategies 52

HICX Solutions

MAY 23, 2019

Here at HICX we are championing the importance and value of evolved supplier management. Evolved supplier management focuses on moving beyond mere strategic sourcing and category management, and instead encouraging organisations to think differently about how they work with their suppliers. Engagement.

Supplier Management 40

Supplier Management Sourcing Strategies Resource Reduction Quality 40

Procurement Academy

AUGUST 15, 2022

Toyota is an example of a company that has excelled in supplier management, giving them a competitive edge that enabled them to transform from a small regional manufacturer into the largest automotive company in the world. A supplier relationship management program.

Vendor Strategies 52

Vendor Strategies Price Reduction Price Mitigation Strategies Optimal Sourcing 52

GlobalTranz

AUGUST 17, 2015

To attain this level of trust with suppliers, companies should approach these relationships with the same care they use when approaching customers. When formulating a supplier relationship management strategy organizations must consider the following implications to be successful: Become the Customer of Choice.

Sourcing Strategies 120

Sourcing Strategies Price Reduction Vendor Strategies Cost Reduction Strategies 120

Oracle SCM

JULY 12, 2017

Effective strategies coupled with a well-defined plan and the right tools helped supply chain professionals alleviate fulfillment pressures and readied managers for market changes in the future. What are the strategies that helped the best survive? Concurrently, the strategy reconciles the operating plan against financial goals.

Inventory Reduction 163

Inventory Reduction Resource Reduction Price Reduction Cost Reduction Strategies 163

ivalua

SEPTEMBER 14, 2022

With 30% of respondents indicating their organizations are suffering from an inability to assess risk across suppliers, many are investing in new strategies to minimize the frequency and impact of disruption. The study identified a new approach to supplier management being taken by organizations post-pandemic.

Supply Chain Planning Software 130

Supply Chain Planning Software Inventory Reduction Supply Chain Disruption Supply Chain Software 130

Jaggaer

JULY 23, 2019

More than virtually any other sector, sourcing and supplier management in the fashion industry have been exposed to intense scrutiny in recent years, while the functions have become of increasingly strategic importance to business success. This is not easy given the current volatility in supply markets.

Manufacturing Procurement 40

Manufacturing Procurement Purchasing Skills Negotiate Pricing Optimal Sourcing 40

ProcurePort

JULY 8, 2021

Do you need a new supplier strategy? Are you tired of so-called ‘best supplier strategies’ that don’t seem to work? You don’t need 100 supplier management strategies to get the job done. The post 3 Supplier Management Strategies That Drive Results appeared first on ProcurePort Blog.

Supplier Management 52

Supplier Management Strategy Price Mitigation Strategies 52

ivalua

JUNE 26, 2023

Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change.

Optimal Sourcing 244

Optimal Sourcing Manufacturing Procurement Procurement Sourcing Strategies 244

ivalua

SEPTEMBER 22, 2022

Through our sponsored Forrester research and experience working with hundreds of the world’s most admired brands, we have established several key strategies to create a more resilient supply chain: 1. The success of any transparency strategy relies heavily on building a solid data foundation, particularly when it comes to suppliers.

Supply Chain Planning Software 130

Supply Chain Planning Software Study Procurement Solutions Procurement Analytics 130

Taulia

NOVEMBER 29, 2022

Supplier management is the term used to describe the processes of selecting and managing suppliers or vendors. Getting the best performance from your suppliers, while also ensuring you’re contributing towards a stable long-term relationship, can pay off in meaningful ways. Segment your suppliers.

Sourcing Strategies 98

Sourcing Strategies Cost Reduction Strategies Vendor Strategies Supplier Management 98

All Things Supply Chain

MAY 19, 2021

As we all begin to rebuild from the coronavirus pandemic, many OEMs and CEMs are looking at their supply chains and how they can be streamlined or optimised to better…

Vendor Strategies 105

Vendor Strategies Supply Chain Strategy Price Mitigation Strategies Strategy 105

Jaggaer

JUNE 9, 2020

Plus, these tools can integrate into supplier management systems to combine contract results with other risk assessment factors. Connect Suppliers Digitally. Quick communication with suppliers is key when the situation is evolving quickly. A supplier portal lets you push updates and communicate securely as changes occur.

Sourcing Strategies 52

Sourcing Strategies Price Reduction Manufacturing Procurement Procurement Solutions 52

ivalua

JUNE 15, 2022

Learn how Körber leveraged Ivalua’s software tools to automate and streamline tactical activities while keeping strategy front and center. In recent years, Körber’s global supply chain management network has integrated all relevant processes as they expand in multiple markets. Session REPLAY. 2B EUR Revenue in 2021. Körber + Ivalua.

Supply Chain Software 130

Supply Chain Software Supply Chain Design Software Pharmaceutical Resource Reduction 130

SCMDOJO

JULY 28, 2022

Suppliers must meet standards set by the customer or the customer’s industry and often must manage adherence to standards throughout the relationship. Registration is the first step in supplier management. It requires a standard list of information from any supplier wishing to provide goods or services.

Negotiate Pricing 108

Negotiate Pricing Purchasing Skills Procurement Solutions Negotiating Skills 108

ivalua

JANUARY 31, 2022

Businesses are either pausing staffing efforts or ramping up talent acquisition strategies depending on the industry. The world of work is changing even more so than ever before and we need to recalibrate recruitment and retention strategies. . #2. Inflation will Continue to rise in 2022.

Predictive Analytics Software 130

Predictive Analytics Software Optimal Sourcing Procurement Sourcing Strategies 130

Jaggaer

OCTOBER 13, 2020

Supplier risk is a large and complex topic, and there’s plenty more to be said, but in our hour-long discussion Magnus Bergfors , of Spend Matters , talked about the importance of developing a truly comprehensive supplier strategy and how to set up a program to get a 360° view of your supplier s.

Supply Chain Strategy 52

Supply Chain Strategy Supply Chain Planning Software Strategy Price Mitigation Strategies 52

ProcurePort

OCTOBER 6, 2021

The post Supply Chain Resilience Strategy: Everything You Need to Know appeared first on ProcurePort Blog. The impact of unexpected disruptions should not result in wholesome halting and devastating losses to the affected businesses. For a long while, businesses have sought to minimize their fixed costs in sourcing.

Sourcing Strategies 52

Sourcing Strategies Cost Reduction Strategies Supply Chain Strategy Strategy 52

ivalua

FEBRUARY 27, 2023

How Inflation Impacts Procurement Inflation affects a number of aspects within the Manufacturing supply chain, including the ability to compete in the market, financial performance, and overall strategy. Manufacturers, take charge of your supply chain!

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Solutions Purchasing Skills 130

ivalua

MAY 18, 2022

In fact, a recent study from Forrester Consulting commissioned by Ivalua identified only 13% of businesses as leaders when it comes to supplier management, defined by Forrester as having formal programs that are broadly applied across the supply base. Business leaders must adopt a new, holistic approach to supplier management.

Supplier Management 130

Supplier Management Supply Chain Planning Software Negotiating Skills Optimal Sourcing 130

ivalua

MAY 11, 2021

procurement digital transformation started on December 2020 with the Go-Live of the Ivalua Supplier Management module. Combining the Supplier Management module implementation with the Supplier qualification process re-design, Arkad S.p.A. strategy and values. The Arkad S.p.A Thanks to it, Arkad S.p.A.

Optimal Sourcing 130

Optimal Sourcing Procurement Supply Chain Design Software Supply Chain Network Software 130

ivalua

JUNE 4, 2020

A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supply chain resilience and agility in times of crisis. There are many supply chain management lessons to learn from the Covid-19 crisis.

Manufacturing Procurement 173

Manufacturing Procurement Agile and Lean Supply Chain Supply Chain Planning Software Optimal Sourcing 173

ivalua

AUGUST 1, 2022

The Future of Supplier Management is Here, and it’s Holistic. Leading, high-performing procurement organizations share one common trait–they consistently prioritize a holistic and integrated approach to Supplier Management. In fact, they go beyond simply supplier management, what they do is Supplier Engagement.

Supplier Management 130

Supplier Management Sourcing Strategies Procurement Solutions Optimal Sourcing 130

QAD

JANUARY 24, 2023

While these benefits provide some relief for importers who are CTPAT certified, the best strategy is preemptive and ensures no disruption from CBP and other government agencies. Due Diligence from the Source Collaborative supplier relationships cut supply risks and result in a greatly beneficial relationship for all parties involved.

Supply Chain Software 97

Supply Chain Software Manufacturing Procurement Optimal Sourcing Procurement 97

QAD

JUNE 29, 2021

Those procurement leaders with forward-thinking supplier management strategies that utilize digital technology fared better than others, according to QAD’s Brent Dawkins in his article , “3 Ways Procurement Benefits from Digital Transformation” in Manufacturing.net. Obstacles to Digital Transformation.

Optimal Sourcing 94

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Prescriptive Analytics Software 94

QAD

NOVEMBER 8, 2022

The pandemic tested the supply chain across all industries, so how can medical device supply chain leaders implement strategies and plan for potential risks in the post pandemic “new normal”? Expanding supplier relationships. Designing and implementing updated risk mitigation strategies. It’s a smart strategy.

Optimal Sourcing 96

Optimal Sourcing Supply Chain Optimization Sourcing Strategies Price Mitigation Strategies 96

EC Sourcing Group

MAY 17, 2023

Spend classification can often go unnoticed, despite its critical influence over successful procurement strategy. Accurate classification of products, services, and suppliers forms the foundation for improved decision-making, cost optimization, and enhanced supply chain management.

Optimal Sourcing 52

Optimal Sourcing Negotiating Skills Negotiate Pricing Sourcing Strategies 52

QAD

JULY 21, 2022

QAD offers three specific capabilities to mitigate the bullwhip effect and achieve supply chain success: Integrated Supplier Management, Customer Management and Connected Supply Chain Management. Integrated Supplier Management. Getting to a More Adaptive Supply Chain.

Price Reduction 95

Price Reduction Inventory Reduction Cost Reduction Strategies Optimal Sourcing 95

ProcurePort

MARCH 30, 2022

· What is supplier management process? What’s the importance of implementing good vendor management best practices? · And what are some vendor supplier relationship strategies you can adopt to streamline the supplier management process? But first, what is supplier management anyway?

Supplier Management 52

Supplier Management Vendor Strategies Strategy Price Mitigation Strategies 52

Supply Chain Game Changer

NOVEMBER 26, 2018

Aside from the cost impact the service implications of a poor Freight management system are enormous. So do you have a strategy for managing Freight and Logistics or are you spinning your wheels? Cost is a very important reason to ensure that you have a robust Freight Management strategy. Supplier Management.

Cost Reduction Strategies 68

Cost Reduction Strategies Waste Reduction Expense Reduction Resource Reduction 68

ivalua

FEBRUARY 8, 2023

Author Jarrod McAdoo Director of Product Marketing Jarrod McAdoo brings over 26 years of procurement experience to Ivalua as a product expert for the Analytics & Insights, Supplier Management, Spend Analysis, and Environmental Impact Center Solutions.

Manufacturing Procurement 242

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Optimal Sourcing 242