SCMDOJO

OCTOBER 30, 2024

As businesses strive to enhance efficiency, resilience, and sustainability, the demand for skilled supply chain professionals has never been higher. Developing Analytical Skills Data analysis is at the heart of effective supply chain management.

Supply Chain Planning Software 92

Supply Chain Planning Software Analytics Software Forecasting Software Predictive Analytics Software 92

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

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 189

Supply Chain Planning Software Supply Chain Design Software Predictive Analytics Software Modeling Software 189

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. Develop and implement strategies to optimize the supply chain.

Optimal Sourcing 98

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 98

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 72

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 72

Jaggaer

OCTOBER 24, 2024

Your goal might be to transition from purely traditional buyer-supplier business arrangements, fine-tune strong supplier relationships that yield average results, or something in between. These may also emerge during contract negotiations and any supplier development programs, resulting in more favorable terms with more reliable suppliers.

Negotiate Pricing 52

Negotiate Pricing Optimal Sourcing Prescriptive Analytics Software Supply Chain Design Software 52

QAD

APRIL 13, 2023

According to a new study by Deloitte and The Manufacturing Institute, the manufacturing skills gap in the U.S. And unfortunately, the situation is impacting CMOs as well and requiring leaders to be more creative and agile to attract and retain skilled workers. is likely to reach 2.1

Pharmaceutical 98

Pharmaceutical Sourcing Strategies Manufacturing Procurement Optimal Sourcing 98

Jaggaer

OCTOBER 24, 2024

Moreover, driving suppliers to the brink of financial instability can lead to supply disruptions, ultimately increasing costs as buyers scramble to find alternative sources. By consolidating orders from various departments or facilities, companies can leverage economies of scale, thereby negotiating better pricing from suppliers.

Negotiating Skills 52

Negotiating Skills Cost Reduction Strategies Material Savings Negotiate Pricing 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

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 80

Inventory Reduction Inventory Management Software Waste Reduction Cost Reduction Strategies 80

SYSPRO Smarter ERP

MARCH 28, 2024

It’s also about using the right tools, platforms, and skills to unlock maximum value. Increasingly, businesses need to hire and train analysts and data scientists. But even with the right skills, without the tools they will not be able to unlock value. To achieve this, training that is focused on data literacy is important.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Optimization Software Data 52

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

Alloy

FEBRUARY 3, 2021

This simulated metric projects what demand, and thus sales, would be if you were in-stock during a given period. This forward-looking metric is key to predicting where outages may occur, empowering you to take proactive steps to mitigate the most significant risks.

Buyer Training 90

Buyer Training Negotiating Skills Data Forecasting 90

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 229

Supply Chain Planning Software Inventory Management Software Analytics Software Forecasting Software 229

Logistics Bureau

OCTOBER 11, 2024

It all depends on an organisation’s maturity in skill, infrastructure and culture. What skill sets are required for the next generation of procurement leaders? Here I want to share eight key procurement challenges that we and consultants are facing in today’s global sourcing world.

Manufacturing Procurement 77

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 77

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

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

Supply Chain Game Changer

OCTOBER 18, 2022

Quantum Leap to the Top 10 Supply Chain Skills of the Future! This includes looking at data and metrics. Your skills must be trained and developed so acutely that you can see many moves ahead, just like in a chess game. Their sensory skill set will be engaged so that they react fast, decisively and intensely.

Supply and Demand 123

Supply and Demand Supply Chain Planning Software Supply Chain Planning Buyer Training 123

Unleashed

JUNE 8, 2023

Procurement is the process of sourcing suppliers , negotiating sales terms, and purchasing the goods a company needs to run its daily operations. They’re also the ones that source those suppliers and speak to them on behalf of the purchasing company. In this guide to procurement: What is procurement?

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Vendor Strategies Material Savings 52

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 143

Pricing Training Purchasing Skills Purchasing Training Supply Chain Planning Software 143

NC State SCRC

NOVEMBER 2, 2023

But he did learn that finance is a necessary skill to take with you wherever you go, and sought a job were he could always that go to work everyday, and be able to state that “Today I was able to impact the bottom line. When I arrived, Citrix had 28 metrics and the only metric that aligned with procurement was operating profit.

Procurement Analytics 52

Procurement Analytics Negotiating Skills Manufacturing Procurement Optimal Sourcing 52

ivalua

AUGUST 16, 2021

This reliance can increase supplier risk or uncover a large source of value and supplier innovation for organizations. . In order that sourcing and procurement teams fully optimize their supplier network, there needs to be a change in the way organizations view all suppliers. Identify and include project advocates.

Optimal Sourcing 130

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Supply Chain Design Software 130

Cognira

JULY 31, 2024

From sourcing and vendor negotiations to planogram design, promotion execution, pricing, and laying down a promotional plan. Accordingly, a merchant’s mission involves negotiating with multiple vendors and suppliers to secure the best deals and optimize product offerings with more favorable delivery terms and competitive prices.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Purchasing Skills Vendor Strategies 52

Supply Chain Game Changer

JANUARY 9, 2019

The Negotiation Before the Negotiation! Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. Spend analysis can be conducted using a variety of tools, from deploying the most cutting-edge source-to-pay software to using PivotTables in Microsoft Excel spreadsheets.

Procurement Analytics 68

Procurement Analytics Manufacturing Procurement Procurement Solutions Purchasing Skills 68

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

SCMDOJO

APRIL 26, 2023

This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money. Sourcing decisions also play a role in the categorization of items or services. Don’t underestimate the length of time required for implementing a sourcing strategy!

Procurement Solutions 108

Procurement Solutions Manufacturing Procurement Procurement Analytics Optimal Sourcing 108

Unleashed

MARCH 28, 2021

It identifies critical suppliers to a business and serves as the foundation for collaboration between buyer and supplier. Strong supplier relationships also help you to negotiate such things as better rates, rebates, discounts, delivery costs and volume thresholds. This is part of your sourcing roadmap. Efficient onboarding.

Negotiate Pricing 111

Negotiate Pricing Cost Reduction Strategies Price Reduction Optimal Sourcing 111

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

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

Procurement Academy

OCTOBER 25, 2021

A traditional approach to sourcing—looking at potential suppliers through familiar lenses such as price, quality, and reliability—had the benefit of straightforward metrics on which to base a comparison. How should these be balanced against traditional procurement metrics? Evaluative skills. And leadership skills.

Price Reduction 98

Price Reduction Inventory Reduction Buyer Training Procurement 98

QAD

AUGUST 26, 2021

Among other things, it takes best practices, simplified IT architecture, well trained teams and a proper IT investment – in other words, money, patience, planning and force of will. Custom solutions from open-source platforms, frameworks and application programming interfaces which afford organizations the means to build custom AI models.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Manufacturing Procurement 98

TransAudit

DECEMBER 13, 2023

Develop circular economy knowledge and skills through training programs and pilot projects. Recommendations: Implement robust tracking systems to verify circular input sources and histories. Metrics and Performance Management Legacy supply chain metrics rarely capture the effectiveness of circular supply chains.

Supply Chain Design Software 87

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain Optimization 87

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 235

Optimal Sourcing Modeling Forecasting Supply and Demand 235

Supply Chain Game Changer

JANUARY 5, 2021

For some, PPV is a mechanical metric only, measured and reported on but without any further attention paid to it. What exactly is PPV, how can it be managed, and what is the strategic value of investing time and energy in this metric? Purchase order negotiations and timing. Featuring Our 12 Best Procurement Articles!

Pricing Training 82

Pricing Training Purchasing Skills Purchasing Training Negotiating Skills 82

Resilinc

NOVEMBER 14, 2022

While some of the increase was due to growth in our customer base and the number of suppliers monitored (more factories = more potential for factory fires) the trend line was rising at a much faster clip than business metrics would account for. Component shortages and extreme heat also played a role. Supplier risk assessment.

Study 62

Study Buyer Training Japan Supply Chain Risk Management 62

Precoro

MAY 22, 2023

The IT procurement process encompasses a range of steps, from establishing IT requirements all the way to negotiating contracts with vendors. IT team members are aware of the requirements necessary for a technology to function properly, whereas procurement professionals are skilled at contract sourcing and negotiation.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52