The Logistics & Supply Chain Management Society

MAY 15, 2023

Leveraging Your Bargaining Power in Logistics Service Provider Negotiations by LSCMS Shippers’ Council The logistics industry is a complex and constantly evolving ecosystem that plays a vital role in the global economy. Shippers have until quite recently been faced with a daunting challenge when it comes to negotiating with LSPs.

Negotiating Skills 130

Negotiating Skills Buyer Training Logistics Network Optimization Software Logistics 130

AIMMS

FEBRUARY 13, 2018

Source: CSCMP. Invest in training and skills transfer . Invest in training for team members that demonstrate an affinity for the field. Ensure that you have ongoing training and skills transfer opportunities. L everaging analytics at scale is hard. Contact us to lea rn more. .

Analytics Software 250

Analytics Software Predictive Analytics Network Optimization Software Optimal Sourcing 250

Silvon Software

APRIL 19, 2022

To generate true, actionable insights, it is crucial to deploy KPI metrics together with a single source of truth to produce actionable insights that can drive performance results. There must be a clearly defined data source with a standardized process for collecting and measuring that data. Buyer / Procurement Department KPI s.

Optimal Sourcing 124

Optimal Sourcing Procurement Analytics Manufacturing Procurement Negotiate Pricing 124

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. In this article, we delve into an unconventional yet remarkably effective training tool: movies. However, mastering this art can be tough and perplexing.

Negotiating Skills 98

Negotiating Skills Purchasing Training Buyer Training Manufacturing Procurement 98

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 of Logistics

SEPTEMBER 6, 2024

John is CEO of FreightPath , an innovative talent firm that offers both a comprehensive learning management system and a direct candidate sourcing solution. FreightPath, a specialized talent firm, is addressing this challenge by providing comprehensive training and recruitment solutions. FreightPath began offering operations training.

Logistics Network Optimization Software 196

Logistics Network Optimization Software Buyer Training Supply Chain Design Software Logistics 196

AIMMS

OCTOBER 1, 2019

Source: Gartner, Forecast Snapshot: Prescriptive Analytics Software, Worldwide, 2019. Source: Gartner, Market Guide for Supply Chain Analytics Technology, May 28, 2019. The use of these optimization techniques has been around for decades but has traditionally demanded expert skills. We turned 30 this year.

Prescriptive Analytics Software 262

Prescriptive Analytics Software Analytics Software Optimal Sourcing Analytics 262

Supply Chain Shaman

SEPTEMBER 20, 2013

There is currently a 9:1 demand to supply ratio for supply chain graduates, and the skill level of new hires cannot stretch to fill the missing mid-management gaps. They can be trained to fill in the process mastery gaps. ” Supply chain planning roles have the largest number of vacancies with the longest time to source.

Supply Chain Planning Software 313

Supply Chain Planning Software Resource Reduction Inventory Reduction Price Mitigation Strategies 313

ivalua

MARCH 9, 2023

A comprehensive Source-to-Pay platform is a critical component of an organization’s IT environment. What is Source-to-Pay? The Source-to-Pay process itself is quite broad but it covers most if not all the aspects of a procurement organization, at least from a process and technology perspective.

Optimal Sourcing 130

Optimal Sourcing Purchasing Skills Sourcing Strategies Sourcing 130

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Essential Skills for Supply Chain Leaders in Asia during Pandemic The Asian Institute of Management conducted a study across orgainsations in Asia to identify crucial skills and competencies required by supply chain managers and leaders in Asia. Supply Chain Competency: Focuses on core competencies to optimize operations.

Purchasing Skills 130

Purchasing Skills Buyer Training Asia Supply Chain Design Software 130

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 93

Purchasing Skills Optimal Sourcing Negotiating Skills Sourcing Strategies 93

SCMDOJO

JANUARY 9, 2025

Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Strategic Sourcing: The Foundation of Effective Procurement Strategic sourcing is far more than simply choosing suppliers. Done well, it can become a key driver of competitive advantage.

Optimal Sourcing 93

Optimal Sourcing Manufacturing Procurement Procurement Solutions Negotiating Skills 93

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

DECEMBER 18, 2024

Proactively adopting cleaner energy sources ensures alignment with these evolving regulations. The industry’s dependency on traditional energy sources necessitates an urgent shift toward cleaner alternatives. Transparent sourcing practices build trust among consumers and investors.

Optimal Sourcing 187

Optimal Sourcing Material Savings Supply Chain Design Software Supply Chain Planning Software 187

Logistics Viewpoints

MAY 13, 2024

Coupa’s BSM platform is based on a public cloud that connects 3500 buyers to ~10 million suppliers. This technology allows businesses to unify their procurement, expense management, invoicing, payments, sourcing, contract management, and spend analysis processes and reporting. Do you have permission to use it?” “It

Procurement Solutions 228

Procurement Solutions Forecasting Software Modeling Software Procurement Analytics 228

The Logistics & Supply Chain Management Society

JULY 21, 2020

She will also illustrate the necessity for change management and redefining the roles and the skills of supply chain talents as a key driver for success. This has proved to be a major source of risk. Poor business continuity planning, lack of risk management programs and single source suppliers, have magnified the impact of such risks.

Supply Chain Planning Software 233

Supply Chain Planning Software Supply Chain Software Supply Chain Design Software Agile and Lean Supply Chain 233

Precoro

AUGUST 14, 2023

Whether hiring for this role or aiming to be promoted into it, it’s important to identify the most necessary skills for the profession. Note: In this article, we use the terms "procurement manager" and "purchasing manager" interchangeably; for the most part, these positions involve the same skills and responsibilities.

Negotiating Skills 75

Negotiating Skills Purchasing Skills Buyer Training Procurement Solutions 75

Logistics Viewpoints

MAY 25, 2023

But I’d like AI more to a magic trick, so allow me to direct your attention to the technology behind the curtain to highlight both its risks and its rewards and to share the essential leadership skills AI cannot provide. Any human with a browser can produce this result, since it requires no sophisticated coding skills or knowledge.

Supply Chain Planning Software 244

Supply Chain Planning Software Supply Chain Software Negotiating Skills Predictive Analytics Software 244

The Logistics & Supply Chain Management Society

MARCH 22, 2022

The war for talent, has long been fought in Asia, as the region continues to be a power source of global growth, and as a result demand for talent often outstrips supply. I suddenly realise this was a really nice visual characterization of how career growth through the acquisition of competencies and skills needs to take place for the future.

Pharmaceutical 240

Pharmaceutical Supply Chain Planning Software Buyer Training Supply Chain Software 240

ToolsGroup

AUGUST 8, 2019

The planner’s role has expanded to include a combination of technical skills and communications and interpersonal skills. A recent, typical job ad for a demand planner lists technical criteria including APICS and Six Sigma certification, alongside “negotiation, communications, and presentation skills”. .

Negotiating Skills 185

Negotiating Skills Supply Chain Planning Software Supply Chain Software Modeling 185

SYSPRO Smarter ERP

JULY 17, 2023

The new AI revolution presents a great opportunity for manufacturers to retain their staff and attract younger employees by providing new skills for the future world of business where the role of AI will play a greater part. The impact of AI on manufacturing is that the skills used will be more advanced.

Manufacturing Procurement 98

Manufacturing Procurement Buyer Training Prescriptive Analytics Software Supply Chain Design Software 98

Supply Chain Shaman

SEPTEMBER 1, 2019

The major gaps are finding employees with the right skills, training on next-generation processes and the lack of executive understanding of supply chain processes. The greatest gap in sourcing talent is in deep analytic skills. These themes are not new. The answers are more complex. Employee Challenges.

Supply Chain Software 235

Supply Chain Software Supply Chain Design Software Analytics Software Buyer Training 235

The Logistics & Supply Chain Management Society

MARCH 22, 2022

Much of IWT is carried out by crime syndicates who, in addition to hiring poachers and securing buyers, are adept in exploiting the interconnected transport systems. Training of staff on what to look for and who to contact when they come across suspious shipments. Improved manpower management to prevent corruption.

Logistics Network Optimization Software 245

Logistics Network Optimization Software Logistics Buyer Training Thailand 245

AIMMS

JANUARY 25, 2018

The skills of the past are no longer sufficient to meet the demands of today’s complex, fast- moving digital environment , or prepare for the future. Many companies are focusing their recruitment efforts on attracting millennials (people born between 1985 and the late 90s) to address the skills gap. Source: SCM World.

Supply Chain Design Software 207

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Demand Planning Software 207

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 85

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 85

Supply Chain Shaman

SEPTEMBER 30, 2022

The term is a spin-off of the “Big Data” work from the open source innovation of the last decade. Ironically, supply chains are big data problems where the buyers have little understanding of the new technology approaches. This is even though the penguins are starving and the only food source is in the water.

Manufacturing Procurement 221

Manufacturing Procurement Supply Chain Software Buyer Training Analytics Software 221

GlobalTranz

AUGUST 7, 2018

Although Incoterms define common standards in the costs, ownership, liability, and transfer of goods from buyers to sellers, the broad nature of modern e-commerce may result in additional details that do not exist within the current set of Incoterms. Such information may be defined within individual SLAs.

Manufacturing Procurement 164

Manufacturing Procurement Purchasing Skills Supply Chain Software Negotiating Skills 164

Supply Chain Shaman

SEPTEMBER 13, 2023

By and Large, The Bullwhip Whipped US The bullwhip effect is a supply chain phenomenon where orders to suppliers tend to have a larger variability than sales to buyers, which results in an amplified demand variability upstream. Each of these tests took 3-4 months to analyze the data, train the teams, and test market factors.

Supply and Demand 374

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 374

AIMMS

OCTOBER 1, 2019

Source: Gartner, Forecast Snapshot: Prescriptive Analytics Software, Worldwide, 2019. The use of these optimization techniques has been around for decades but has traditionally demanded expert skills. While data science talent is scare, o rganizations today are also more willing to invest in these skills. – Tweet this.

Prescriptive Analytics Software 207

Prescriptive Analytics Software Analytics Software Optimal Sourcing Analytics 207

Kinaxis

JULY 7, 2017

When it comes to your supply chain planning, the data sourced from IoT-enabled devices lets you continuously sense, communicate, analyze and act. Algorithmic business, powered by algorithmic planning, represents a future where supply chains can act and negotiate on their own. More emphasis is being placed on algorithmic skills.

Supply Chain Planning Software 201

Supply Chain Planning Software Supply Chain Planning Scenario Planning Gartner 201

The Logistics & Supply Chain Management Society

OCTOBER 14, 2021

However, a lower uptake and large gaps between knowing and doing can be observed for other measures like eco driver training and low-resistance tyres. Thus, freight buyers need to do more to integrate decarbonization into their procurement practices. Is This the Hardest Leadership Skill to Master? Load More.

Resource Reduction 237

Resource Reduction Cost Reduction Strategies Freight Optimal Sourcing 237

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 301

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 301

Bristlecone

NOVEMBER 11, 2024

However, with these benefits comes the challenge of bridging workforce skills gaps required to fully leverage these advancements. As supply chains become increasingly automated and tech-driven, the demand for digitally skilled employees continues to rise.

Buyer Training 52

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

Logistics Viewpoints

MAY 28, 2024

Figure 1: Technologies that have/will be deployed to mitigate labor worker shortages Source: Descartes & SAPIO Research Real-time shipment tracking is the top tech choice to improve the productivity of knowledge workers. Retention strategies are also changing to keep workers.

Supply Chain Software 241

Supply Chain Software Optimal Sourcing Logistics Network Optimization Software Supply Chain Planning Software 241

ivalua

JANUARY 29, 2020

In the UK, we recently had the Prime Minister’s top adviser, Dominic Cummings, talking about the need for “ weirdos and misfits with odd skills ” to shake things up. . It requires appropriate inter-personal and behavioural skills, as well as traditional skills such as commercial understanding and negotiation.

Negotiating Skills 164

Negotiating Skills Negotiate Pricing Optimal Sourcing Procurement 164

ivalua

APRIL 12, 2019

The strategy for the firm is to embed AI onto the core Ivalua platform for multiple use cases across the whole source to pay process. Soft skills and leadership are key enablers for procurement teams and are as important as technological competence. And AI is not THE solution, but is one of the potential solutions.

Analytics Software 176

Analytics Software Negotiating Skills Supply Chain Planning Software Predictive Analytics Software 176

SCMDOJO

DECEMBER 29, 2024

25 Essential Procurement Interview Questions and Their Answers This supply chain article outlines essential procurement interview questions, focusing on technical knowledge, behavioral skills, and problem-solving abilities. BoxFox Liquidation.com 360 Components J2 Sourcing Gain More Knowledge About Liquidate Inventory 4.

Negotiating Skills 81

Negotiating Skills Purchasing Skills Purchasing Training Buyer Training 81