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

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. AI in procurement use cases : Analyzing data from multiple sources to predict demand trends with greater accuracy.

Price Reduction 105

Price Reduction Sourcing Strategies Cost Reduction Strategies Expense Reduction 105

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

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

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. There must be a clearly defined data source with a standardized process for collecting and measuring that data. The Basics of Procurement KPIs.

Optimal Sourcing 124

Optimal Sourcing Procurement Analytics Manufacturing Procurement Negotiate Pricing 124

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. per unit, reducing the actual cost to $90,000.

Purchasing Skills 69

Purchasing Skills Negotiating Skills Negotiate Pricing Procurement Analytics 69

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 Resource Reduction Sourcing Strategies Inventory Reduction 82

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

Logistics Viewpoints

JULY 18, 2022

The company sources goods from 34,000 suppliers out of 30 nations. In the annual report where they report on their key performance indicators (KPIs), they don’t just report on core financial metrics and the NPS, they also have people metrics. The company has shown sustained improvement on this metric.

Supply Chain Design Software 300

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Network Design Software 300

Talking Logistics

OCTOBER 29, 2013

You write an RFQ, screen candidates, create a short list, select the provider, and negotiate service requirements and a cost structure. Your stakeholders can: Align sourcing, purchasing, logistics, and I.T. Commit to systems and process training. Sourcing uses P.O. Say you decide that these gains would be worth it.

Pricing Training 160

Pricing Training Purchasing Skills Purchasing Training Supply Chain Planning Software 160

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

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

Logistics Viewpoints

AUGUST 7, 2023

The Cardinal Health Supply Chain Cardinal Health’s medical segment manufactures, sources and distributes Cardinal Health branded medical, surgical and laboratory products. Two Centers of Excellence – A center of excellence (CoE) is a team that provides leadership, best practices, research, support and training in a focus area.

Supply Chain Planning Software 243

Supply Chain Planning Software Supply Chain Design Software Predictive Analytics Software Modeling Software 243

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

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

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

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 273

Supply Chain Planning Software Inventory Management Software Analytics Software Forecasting Software 273

Supply Chain Opz

JANUARY 7, 2013

Apple Inc purchases raw materials from various sources then get them shipped to an assembling plant in China. One journalist indicated that the life of Apple Inc is fairly easy by utilizing its negotiation power. Some components are currently obtained from the single or limited sources. 2) Apples Supply Chain Challenges.

Case Study 279

Case Study Study Negotiating Skills Supply Chain Planning Software 279

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. It combines decisions across sell, deliver, make and source processes to drive value based outcomes. Metrics Alignment. They lack cohesion. Understanding Planning.

Supply Chain Planning Software 279

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

Jaggaer

MARCH 6, 2025

These reforms and similar ones in other countries open up opportunities for public sector buyers. Procurement technology should support: Sustainable Sourcing : Tools to evaluate suppliers based on their sustainability credentials, carbon footprints, and ethical practices. Regular security updates and monitoring to prevent breaches.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Analytics Software Procurement Solutions 52

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

Supply Chain Shaman

MARCH 9, 2020

Before boarding the plane, I watched a traveler pull a diet Coke from the bin and thought about the struggle to source sweetener with the rise of COV-19. As I poured the dog food into the bowl for my pups, I wondered if I was going to have to switch kibble due to the looming issues of sourcing taurine—a health additive in many pet foods.

Supply Chain Design Software 308

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 308

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

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

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. Materials and components are sourced from even more remote locations and finished products are being sold into expanding regions and channels.

Supply Chain Planning Software 178

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

Jaggaer

OCTOBER 24, 2024

Following a forecast to suppliers, a Tier-1 supplier collaborates with its suppliers—Tier 2 for the buyer—to obtain critical components for producing products and/or services. Leveraging advanced analytics : You can use analytics to identify top-performing suppliers as well as address any issues based on supplier performance metrics.

Negotiate Pricing 52

Negotiate Pricing Optimal Sourcing Supply Chain Planning Software Negotiating Skills 52

ivalua

AUGUST 17, 2021

There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: . Creating Value occurs when sourcing and procurement uses relevant sourcing processes and tools to engage and select the best fit supplier. What is Direct Procurement? What is Indirect Procurement?

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 130

Procurement Academy

JANUARY 9, 2025

Understanding Supply Chain Capabilities Supply chain capabilities, to put it simply, is the sum of all the skills, processes, and technologies that help enable the efficient and effective management of the flow of goods and information. Select agreed-upon metrics such as material quality or delivery time and monitor as often as possible.

Supply Chain Planning Software 52

Supply Chain Planning Software Material Savings Sourcing Strategies Optimal Sourcing 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

Supply Chain Shaman

SEPTEMBER 2, 2016

Certification programs focused on historic practices are not sufficient, and the current academic programs are a better fit to build entry-level skills. Pick five-to-seven balanced metrics and hold all functions accountable to these corporate metrics. What defines success to fill this gap? Figure 1: Supply Chain Talent Shortage.

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Strategy Supply Chain Design Software Supply Chain Software 0

Supply Chain Shaman

APRIL 17, 2013

A dishonest marketing tactic where a marketer advertises a very attractive value proposition and then switches the offer to something else after gaining interest by the buyer. Source Merriam-Webster Dictionary. The gravy train is coming to an end. The acronyms keep coming…. The cadence does not stop. Why is this happening?

Supply Chain Design Software 258

Supply Chain Design Software Manufacturing Procurement Supply Chain Planning Software Supply and Demand 258

ToolsGroup

APRIL 1, 2022

Buyers have a negative emotional response to supply chain shortages: 61% have felt frustrated, 46% impatient, 45% anxious, and 34% angry. 28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK. Image source: Fortune. Chain Store Age ).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Precoro

JULY 16, 2023

The American Purchasing Society , an association of buyers and purchasing managers, has established its own code of ethics and requirements for purchasing professionals to follow if they want to get certified.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 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 136

Supply Chain Planning Software Supply Chain Planning Gartner Supply Chain Software 136

ToolsGroup

APRIL 27, 2022

Image source: APA. For example, as of March 2022, 81% of Americans say the supply chain is a significant source of stress. Image source. Image source: APA. The following experts share eight sources of stress at work. And plenty of us are feeling that stress at work. In…and out…there you go!)

Sourcing Strategies 296

Sourcing Strategies Supply Chain Strategy Price Mitigation Strategies Strategy 296

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

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2021

CEVA Logistics is taking a lead in the air cargo industry to reduce the logistics-related impact on the environment at the source by creating demand for more sustainable aviation fuel (SAF). Is This the Hardest Leadership Skill to Master? Photo Credit: United Airlines. million gallons of SAF this year.

Supply Chain Planning Software 242

Supply Chain Planning Software Resource Reduction Global Supply Chain Software 242