ivalua

SEPTEMBER 10, 2019

Here’s a look at some of the Procure- to-Pay metrics procurement leaders should watch in order to better understand their digital progress. This metric closely aligns with digital transformation progress. This metric also impacts others like speed, visibility, and cost savings. . #2

Metrics 140

Metrics Negotiate Pricing Supply Chain Software Benchmarking 140

Silvon Software

APRIL 19, 2022

Procurement is one core process area being focused to better manage today’s fluctuating change, with key performance metrics leading the way to assessing and managing procurement performance. Buyer / Procurement Department KPI s. The Basics of Procurement KPIs. Learn More About Performance KPIs: Get Silvon’s Guide.

Optimal Sourcing 124

Optimal Sourcing Procurement Analytics Manufacturing Procurement Negotiate Pricing 124

Supply Chain Opz

SEPTEMBER 1, 2018

Do you need to improve negotiation skills but don't know how to start? In this article, we compare 2 books and tell you which one is the best negotiation book. Do You Need Negotiation Book? In our opinion, there are 2 major negotiation strategies, namely, the law school approach and the psychological school approach.

Negotiating Skills 100

Negotiating Skills Purchasing Skills Buyer Training Six Sigma 100

RFgen

DECEMBER 19, 2024

Training Requirements: Introducing new equipment and processes necessitates workforce training to ensure smooth transitions and maintain productivity. Consider these essential metrics: Asset Utilization: How efficiently are your machines being used? Track machine runtime to understand and optimize utilization rates.

Material Savings 82

Material Savings Sourcing Strategies Resource Reduction Inventory Reduction 82

The Logistics of Logistics

AUGUST 17, 2022

Lean ensures that your satellite office is staffed with highly educated, English-speaking professionals trained in your company’s processes and systems. She joined symtrain in 2021 and is excited to help businesses grow their people, impact, and bottom line through digitized role-play training and coaching. About Melanie Flores .

Logistics Network Optimization Software 243

Logistics Network Optimization Software Supply Chain Design Software Supply Chain Network Software Buyer Training 243

Precoro

DECEMBER 24, 2024

AI can process large amounts of historical supplier performance data across multiple metrics, allowing procurement teams to make more informed, data-driven decisions instead of relying solely on anecdotal evidence or subjective evaluations. Leveraging data patterns to recommend actions like supplier negotiations or risk mitigation strategies.

Price Reduction 91

Price Reduction Sourcing Strategies Cost Reduction Strategies Expense Reduction 91

RFgen

NOVEMBER 20, 2024

These systems also support phased implementation, allowing you to start with high-priority processes, train staff during regular work hours, deploy your wireless infrastructure before software rollout, maintain parallel systems during the initial transition, and closely monitor performance metrics.

Inventory Reduction 98

Inventory Reduction Inventory Management Software Waste Reduction Cost Reduction Strategies 98

Supply Chain Shaman

MARCH 21, 2024

Training ensued, and the expectation of changing work was shared. Some are focused on project implementation; others are attempting to improve supply chain talent by defining career paths, training, and skill development, while others serve in an audit capacity. Lack of aligned metrics. Lack of executive buy-in.

Inventory Reduction 402

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 402

Logistics Viewpoints

AUGUST 7, 2023

It was an IT-led implementation where a planning model was developed, the solution implemented, and then planners – who had not been sufficiently prepared and trained – were expected to use a system significantly different from the legacy systems they were familiar with. Implementing supply planning solutions is hard. Count them!

Supply Chain Planning Software 241

Supply Chain Planning Software Supply Chain Design Software Predictive Analytics Software Modeling Software 241

Kinaxis

OCTOBER 28, 2015

My topic was: Positioning Your Skills for the Future Needs of Supply Chain Management , and in this 21 st Century Supply Chain guest blog, I wanted to share some of my key messages to this audience as well, since this is a topic frequently brought up. In October, I had the opportunity to speak at the APICS 2015 conference.

Buyer Training 100

Buyer Training Supply Chain Planning Software Supply Chain Software Supply Chain Planning 100

Logistics Viewpoints

FEBRUARY 29, 2024

But the good news came with a price: the company said it will spend roughly $2B restructuring “8,000 jobs to either retrain employees with AI skills or to replace them through voluntary redundancy programs.” Take onboarding and training new employees. Metrics are critical as well.

Supply Chain Planning Software 301

Supply Chain Planning Software Supply Chain Design Software Resource Reduction Analytics Software 301

Supply Chain Game Changer

MAY 12, 2021

New age of negotiation article and permission to publish here provided by Sam Jenks at kodiakrating.com. We negotiate on a daily basis. We negotiate contracts, terms, and specifications in our professional lives and we negotiate dinner plans, curfews, and allowances in our private lives.

Negotiating Skills 69

Negotiating Skills Negotiate Pricing Buyer Training Expense Reduction 69

Jaggaer

FEBRUARY 5, 2025

Negotiation & Contract Award – Once a supplier is selected, the process of finalizing the award and drawing up the contract begins. Moreover, the negotiation phase often involves delicate discussions around terms, risk allocation, and contingencies, which are better handled by human intelligence.

Sourcing Strategies 52

Sourcing Strategies Negotiating Skills Optimal Sourcing Price Reduction 52

SCMDOJO

JUNE 11, 2024

The SCMDOJO Logistics Management Track is your ultimate logistics training pathway. It’s designed to equip you with the skills and knowledge needed to thrive in the logistics industry. Let’s explore why our logistics training is unique, what’s included in our logistics pathway, and how you can get started today.

Buyer Training 97

Buyer Training Price Mitigation Strategies Training Logistics Network Optimization Software 97

SCMDOJO

JANUARY 29, 2025

Supply chain reports are data-driven documents that provide key metrics and insights into various aspects of your supply chain, including: Inventory Levels Tracking stock levels in real-time to ensure adequate inventory to meet demand while minimizing holding costs. What are Supply Chain Reports?

Inventory Reduction 98

Inventory Reduction Negotiating Skills Waste Reduction Cost Reduction Strategies 98

ToolsGroup

AUGUST 20, 2019

Companies moving to BPO in these practice areas are experiencing supply chain improvements in metrics such as inventory turnover and customer service. Talent — Especially with the advent of these new technologies, many companies struggle to find, hire and retain highly skilled individuals. Those companies also reduced planning spend.

Supply Chain Planning Software 214

Supply Chain Planning Software Supply Chain Planning Gartner Supply Chain Software 214

SCMDOJO

JANUARY 9, 2025

By engaging in rigorous supplier selection and negotiation, companies can secure better pricing and ensure higher quality standards. Develop Supplier Collaboration Frameworks , engage key suppliers in strategic discussions, develop joint value-creation initiatives, and establish clear performance metrics to ensure mutual growth.

Optimal Sourcing 98

Optimal Sourcing Manufacturing Procurement Procurement Solutions Negotiating Skills 98

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Generative AI can use models with billions or even trillions of parameters trained on massive datasets (think the size of the internet), enabling it to produce increasingly complex outputs such as speech, text, and videos. It can then generate new content using prompts that resemble the original training data.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

Supply Chain Shaman

JUNE 6, 2013

Closing the gaps happens when there are aligned metrics, clarity of vision and aligned planning processes. This does not come easily, and requires training. In many organizations there is no career planning track that encourages the building of planning skills. Metrics Alignment. They lack cohesion.

Supply Chain Planning Software 279

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 279

Procurement Academy

OCTOBER 19, 2023

A crucial part of successful procurement strategies is the art and science of negotiation. Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract.

Negotiating Skills 52

Negotiating Skills Pricing Training Negotiate Pricing Purchasing Training 52

Logistics Viewpoints

FEBRUARY 2, 2023

Maximize Revenues and Efficiency with Automated Billing An automated billing solution benefits both customer and 3PL alike, in that it captures all billable activities performed by the 3PL, while accurately reporting charges at the rates and conditions associated with each customer’s specific negotiated contract.

Supply Chain Planning Software 262

Supply Chain Planning Software Inventory Management Software Analytics Software Forecasting Software 262

Supply Chain Opz

JANUARY 7, 2013

One journalist indicated that the life of Apple Inc is fairly easy by utilizing its negotiation power. So this section will explain some characteristics of Apple Supply Chain through various metrics and compare them with Amazon Supply Chain. Supply chain professionals also use this metric in inventory management function.

Case Study 279

Case Study Study Negotiating Skills Supply Chain Planning Software 279

Talking Logistics

MAY 22, 2013

Like all software applications, a TMS is just a tool — you also need power users who have the training, knowledge, and skills to leverage the application to its fullest potential. Do you have the skills and discipline to keep the TMS tuned? to deliver sustained business value. to deliver sustained business value.

Network Design Software 197

Network Design Software Supply Chain Design Software Supply Chain Network Software Supply Chain Planning Software 197

Procurement Academy

OCTOBER 8, 2024

London, UK – October 8th 2024 Skill Dynamics , the leading provider of role-based, practical eLearning for procurement and supply chain teams, is proud to announce the publication of its highly anticipated Skills Report 2025.

Buyer Training 52

Buyer Training Negotiating Skills Supply Chain Design Software Supply Chain Planning Software 52

ToolsGroup

MAY 21, 2024

Providing Training and Resources : Equip employees with the necessary skills and tools to succeed in a decision-centric environment. This might include training sessions, workshops, and access to advanced decision-making technologies. Ensure that every team member understands the “why” behind the change.

Supply Chain Planning Software 156

Supply Chain Planning Software Scenario Planning Supply Chain Planning Resource Reduction 156

Procurement Academy

SEPTEMBER 26, 2024

On the surface, businesses invest in training programs to improve the skillset of their employees and enhance team performance. However, the effectiveness of these training programs relies on a lot of factors, many of which are overlooked. Well-trained professionals will ultimately make better decisions.

Buyer Training 52

Buyer Training Pricing Training Purchasing Training Negotiating Skills 52

The Logistics & Supply Chain Management Society

NOVEMBER 15, 2021

The digital twin allows for internal operations as well as customers to view the various processes, along with detailed metrices throughout the facility. For example, in 2020, over $SGD 1 million was spent in developing our employees through training. Another notable project launch is the DB Schenker’s digital twin.

Singapore 246

Singapore Logistics Network Optimization Software Supply Chain Design Software Waste Reduction 246

ToolsGroup

APRIL 25, 2019

Without baseline metrics on what you want to improve on and why, how can you be confident your strategy is working? And because machine learning systems get smarter over time, having a consistent method of measurement is even more important to ensure you can accurately track how outcomes and ROI are improving against established metrics.

Supply and Demand 227

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 227

Procurement Academy

JULY 18, 2024

Or finding skills shortages amongst staff as key talent leaves? This boost in team morale will keep turnover rates low and reduce your recruitment and training costs. High morale is also likely to increase productivity, improving your business metrics and leading to more profit. Are you struggling to keep a consistent team?

Optimal Sourcing 98

Optimal Sourcing Buyer Training Price Mitigation Strategies Purchasing Training 98

Procurement Academy

SEPTEMBER 26, 2024

So you’ve invested in your workforce, you’ve introduced training and development plans , but now you want to know exactly how effective these initiatives really are… Training and development is so important in the modern supply chain and procurement industry, but being able to measure and show the results of it is just as vital.

Buyer Training 52

Buyer Training Price Mitigation Strategies Purchasing Training Training 52

Logility

NOVEMBER 30, 2020

Digital Transformation in supply chain operations usually involves the development of new tools, skills, and/or processes that target a step change in speed and/or agility. Start with documenting the “As-Is” process capabilities and corresponding key performance metrics. Why is Digital Transformation Important?

Supply Chain Planning Software 178

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Supply Chain Strategy 178

Supply Chain Shaman

FEBRUARY 13, 2020

The process is easier and the required skill level not as high. Most supply chain leaders cannot get their groove on because they generalize–the use of the same metric targets and tactics for the supply chain without paying attention to the flows. Wrong Metrics. Companies do not have one supply chain, they have many.

Optimal Sourcing 234

Optimal Sourcing Modeling Forecasting Supply and Demand 234

Kinaxis

NOVEMBER 26, 2014

Planners are smart people and if educated (APICS training should be a prerequisite in my opinion), they likely will have no problem absorbing and using additional information. In today’s competitive manufacturing environment, the only metrics that count are how a change impacts the company’s goals. I’ll tell them what they are getting.”This

Supply Chain Planning Software 256

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 256

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. Adoption metrics can be built into annual assessments.

Sourcing Strategies 52

Sourcing Strategies Optimal Sourcing Manufacturing Procurement Negotiating Skills 52

Procurement Academy

MARCH 14, 2024

With countless options available in the market, it’s crucial to find a solution that aligns with your organizational objectives and addresses your specific skill gaps. Additionally, explore partnerships or collaborations with external training providers to leverage their expertise and access a broader range of learning resources.

Buyer Training 96

Buyer Training Material Savings Resource Reduction Price Mitigation Strategies 96

Procurement Academy

OCTOBER 11, 2023

Corporate training represents a substantial investment for organizations, both in terms of time and money. So, how can training providers prove the effectiveness of their training? An alternative objective to this involves your team undertaking a skills gap assessment.

Buyer Training 52

Buyer Training Purchasing Training Price Mitigation Strategies Training 52

Procurement Academy

JANUARY 16, 2025

Supplier Management Optimization Process audit reports are a great way to strengthen supplier relationships and negotiate better terms by evaluating the terms in which you work together. Sharing our insight into core procurement skills is what we do, so why not download our process audit report template to get started.

Procurement Analytics 52

Procurement Analytics Sourcing Strategies Optimal Sourcing Negotiating Skills 52