Procurement Academy

JULY 19, 2024

Procurement transformation, although innovative and beneficial, often arises alongside a resistance to change, lack of skills and data issues within teams. As modern supply chains become larger and more intricate, strong procurement strategies are needed to minimize any risk and maximize growth and efficiency.

Cost Reduction Strategies 90

Cost Reduction Strategies Price Reduction Inventory Reduction Sourcing Strategies 90

Freightos

AUGUST 10, 2024

The system learns from these interactions, continuously improving its responses. ERP System Decision Making: Integrating AI into ERP systems could automate purchasing decisions based on real-time data on shipping rates and capacity.

Logistics Network Optimization Software 268

Logistics Network Optimization Software Modeling Software Supply Chain Planning Software Negotiating Skills 268

Jaggaer

FEBRUARY 20, 2025

And if your organization is big enough to need a Chief Procurement Officer , that person is directly or indirectly responsible for every stage of that journey. Rather than treat procurement as a series of disparate tasks, global organizations in all sectors implement efficiency across the source-to-pay journey. the public sector).

Optimal Sourcing 52

Optimal Sourcing Purchasing Skills Manufacturing Procurement Sourcing Strategies 52

RFgen

DECEMBER 4, 2024

Supply chain efficiency is the cornerstone of success and involves the effective management of processes, resources, and technologies from procurement to production, transportation to warehousing. As companies across industries have discovered, a well-optimized supply chain can drive significant improvements throughout their operations.

Sourcing Strategies 96

Sourcing Strategies Inventory Reduction Waste Reduction Expense Reduction 96

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

SCMDOJO

DECEMBER 14, 2023

But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s uncover the mystery behind the role of sourcing agencies and see how they make the job of buying things much simpler. They play a big role in making sure the whole process of buying things goes smoothly from start to finish.

Purchasing Skills 104

Purchasing Skills Optimal Sourcing Negotiating Skills Sourcing Strategies 104

Supply Chain Shaman

SEPTEMBER 13, 2016

It is clear that new outcomes cannot happen through a focus on traditional continuous improvement programs. As shown in Figure 1, the biggest obstacles to power improvement/performance are traditional supply chain thinking, the lack of organizational alignment and a focus on functional excellence. Make it concrete.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Prescriptive Analytics Software 195

Jaggaer

MARCH 23, 2020

And that, of course, includes procurement professionals. Gartner also comes with a prediction: “By 2021, augmented analytics will be a dominant driver of new purchases of A&BI and DSML platforms, and of embedded analytics.” So, let’s examine Gartner’s words in more detail, but from the specific perspective of procurement.

Procurement Analytics 78

Procurement Analytics Analytics Software Procurement Solutions Optimal Sourcing 78

Supply Chain Shaman

MARCH 3, 2018

.” He continued, “Great mass marketing used be our differentiator, but now the barriers to entry have changed. Through digital marketing, small brands are cropping up all over, and it is sentiment analysis and digital content driving purchases. Their focus is on continuous improvement of current processes.

Supply Chain Design Software 153

Supply Chain Design Software Manufacturing Procurement Network Design Software Supply Chain Planning Software 153

Freightos

JULY 31, 2024

The system learns from these interactions, continuously improving its responses. ERP System Decision Making: Integrating AI into ERP systems could automate purchasing decisions based on real-time data on shipping rates and capacity.

Logistics Network Optimization Software 177

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Software Modeling Software 177

GlobalTranz

FEBRUARY 16, 2016

An excellent Warehouse Management System (WMS) can help reduce costs by automating cycle counting, and maintaining location control. Create a consortium of buyers (a client and several of their suppliers) to buy needed logistics supplies (i.e. transportation fuel) at a reduced cost that comes with buying in greater quantities.

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Vendor Strategies Material Savings 120

Synovos

AUGUST 21, 2023

The program recognizes the winners’ commitment to continuous improvement in the prevention of accidents at work while examining health and safety management systems, including practices such as leadership and workforce involvement. “RS Together, the two form the world’s first MRO supply chain services company with true global reach.

Eliminating Excel in Purchasing 52

Eliminating Excel in Purchasing Manufacturing Procurement Procurement Solutions Optimal Sourcing 52

SCMDOJO

MARCH 19, 2024

While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc. Watch What is Marketing Procurement? on our SCMDOJO YouTube Channel! Why do you need a structured Supply Chain Department?

Optimal Sourcing 98

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 98

Supply Chain View from the Field

OCTOBER 4, 2015

As part of the conference, I’m delivering a talk on five predictions that every procurement professional should consider. These aren’t so much “predictions”, as opportunities that procurement professionals should become aware of, and educate themselves on.

Procurement Analytics 60

Procurement Analytics Predictive Analytics Predictive Analytics Software Optimal Sourcing 60

SCMDOJO

OCTOBER 27, 2023

Supplier negotiation is the most critical skill in the world of procurement. It requires an in-depth knowledge of procurement processes to be able to bring the supplier on a mutual agreement. The following are common types of negotiation in procurement: 1. The aim is often to secure volume discounts or advantageous terms.

Negotiate Pricing 105

Negotiate Pricing Negotiating Skills Pricing Training Purchasing Training 105

Precoro

MARCH 30, 2022

Strategic Procurement Helps a Business Unleash its Potential. As The Hackett Group discovered, approaching procurement strategically with specific business goals in mind helps achieve a significantly higher ROI. Operational efficiency and cost reduction are among the top procurement priorities for CPOs, according to Deloitte.

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Cost Reduction Strategies Price Reduction 52

Unleashed

JANUARY 24, 2022

For example, you may look after PPE and office equipment in-house but have a supplier of maintenance equipment monitor this inventory on your behalf who raises purchase orders when stocks are low. MRO inventory can account for a sizeable portion of a business’ total procurement spend. Why is MRO inventory management important?

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

Supply Chain Shaman

FEBRUARY 25, 2016

The SCOR model defines functional improvements, but falls short in defining cross-functional supply chain transformation. The traditional supply chain is inside-out, triggering processes on the back of order-to-cash and procure-to-pay financial processes. Leadership and Driving Continuous Improvement. Barrier #1.

Supply and Demand 150

Supply and Demand Prescriptive Analytics Software Supply Chain Design Software Supply Chain Planning Software 150

NC State SCRC

MAY 4, 2022

Price analysis is a subject that is often overlooked in supply chain education, (although it is certainly a big part of our chapter on Strategic Cost Management in Purchasing and Supply Chain Management ). Even if the category manager had time to do it, I want them to be more strategic in their focus.”.

Purchasing Skills 59

Purchasing Skills Analysis Optimal Sourcing Procurement Solutions 59

Silvon Software

APRIL 18, 2024

These technologies are not just transforming business areas like sales, procurement, production, distribution and others by streamlining data categorization and insight generation; they are reshaping entire business landscapes by offering real-time intelligence that informs strategic decision-making across all core areas.

Manufacturing Procurement 59

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 59

HICX Solutions

AUGUST 11, 2021

SXM Webinar Series with Art of Procurement. In the first of a three-part Art of Procurement Live Webinar Series ‘Putting the Supplier Experience at the Forefront of Strategic Procurement’ in partnership with HICX, we focus on how to make the business case for Supplier Experience Management (SXM). .

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Procurement Solutions Charlotte 52

synchrono

MARCH 12, 2025

Supply Chain/Procurement An essential partner in production execution, its no surprise that this department has a lot to gain from an APS implementation. Procurement is responsible for getting the parts and raw materials to ensure the production plan can be carried out.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Procurement Solutions 52

SCMDOJO

FEBRUARY 29, 2024

It is arguably true that supplier performance management is considered a business practice for measuring, analyzing, and managing supplier performance to reduce cost, and risk and also drive continuous improvement. They do not relate to any overall company procurement goals and objectives.

Vendor Strategies 84

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 84

Herlitz Inventory Management

JANUARY 19, 2022

Manager of Procurement, Imperial Distributors. HIMPACT also offers the ability to upload other key information, like: Item Information Uploads – used to set initial forecasts and buying classes for large groups of items. Manager of Procurement, Imperial Distributors. Marc Lajoie. Result of HIMPACT. Marc Lajoie.

Optimal Sourcing 52

Optimal Sourcing Forecasting Forecasting Software Inventory Management Software 52

Elementum

FEBRUARY 7, 2024

Procurement: Automated Procurement Processes AI enhances procurement by automating supplier selection, contract management, and purchase order processing. This not only speeds up procurement cycles but also ensures compliance and optimizes costs through intelligent vendor evaluation and selection.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

GlobalTranz

JANUARY 5, 2016

When a business, or other organization, purchases equipment, parts, or remanufactured equipment it is an investment. Over time, this equipment improves profitability and has a positive return on investment. A Continued, Renewed (Or New) Focus on Data Analysis for Continual Improvement & Better Supply Chain Visibility.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Software Trends Supply Chain Optimization 120

BlueYonder

AUGUST 28, 2017

Operational Excellence Delivers Profit Optimization. Effective management of inventory procurement and replenishment, especially in smaller footprints, will increasingly influence the consumer experience. The disciplines of interest will include supply management, efficient order fulfillment, transportation and workforce.

Optimal Sourcing 65

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Supply Chain Software 65

Elementum

FEBRUARY 7, 2024

Advances in technology drive the automation and continuous improvement of business workflows. It goes beyond traditional automation by encompassing a wider array of processes and focusing on both the effectiveness and the continual improvement of workflows.

Optimal Sourcing 78

Optimal Sourcing Optimization Software Modeling Prescriptive Analytics Software 78

Supply Chain Movement

MAY 19, 2016

In 2013 Nokia took full ownership of Nokia Siemens Networks, buying the other half of the venture from Siemens, and 2014 sold its handset business to Microsoft. Nokia is currently preparing for another major change, its purchase of Alcatel-Lucent, which is expected to close in Q1 2016. By Helen Armstrong. It’s a one-stop shop.”.

Supply and Demand 60

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 60

6 River Systems

DECEMBER 11, 2018

Tips for improving customer experience. Create an adaptive unified buying process. “If you look at the typical buying process, it is bifurcated based on geography. If I am going to buy goods from this geography, then I use this process. Logistics personnel and supplier management pointers.

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 75

Logistics Bureau

DECEMBER 20, 2016

Despite the apparent complexities involved in supply chain management, achieving excellence really doesn’t have to be too difficult. In this post, we explain what those pillars are, why they matter, and how to align them in a way that supports supply chain management excellence. Procurement costs.

Inventory Reduction 40

Inventory Reduction Cost Reduction Strategies Price Reduction Waste Reduction 40

Claritum

JULY 31, 2018

Claritum Article - Procurement Blog. Typically, on Indirect Spend, suppliers can be engaged by users; how should these suppliers be viewed and handled by Procurement and other users? This status relates to the Procurement team reviewing a supplier that has been added to the system. Introduction. Supplier Lifecycle Management.

Supplier Management 42

Supplier Management Procurement Analytics Procurement Solutions Optimal Sourcing 42

ThroughPut

JUNE 24, 2022

Speed in decision-making, speed in reducing cycle-times, speed in operations, and speed in continuous improvement. This has severely affected the smooth supply chain functioning across the globe due to the “panic buying” ripple effect. AI in the supply chain is here to stay and make waves in the years to come. MAXIMISED DATA.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software 98

Unleashed

DECEMBER 5, 2023

Shoppers can now enjoy more personalised buying journeys, as merchants make it faster and easier to find the products that they’re most likely to purchase. Goods are being produced, procured, and delivered more efficiently with reduced costs. Artificial intelligence (AI) is changing the game for online businesses.

Inventory Management Software 52

Inventory Management Software Predictive Analytics Software Supply Chain Design Software Demand Planning Software 52

ivalua

DECEMBER 6, 2022

Author: Hubert Verweij , Head of Procurement Transformation, Capgemini Invent Sweden and Finland. Nowadays, Procurement practitioners primarily talk about emerging topics like the reduction of scope 3 emissions, supplier-enabled innovation and supply risk management. Maverick buying . Over, early, and late payments .

Optimal Sourcing 130

Optimal Sourcing Pricing Training Procurement Solutions Optimization Software 130

BlueYonder

AUGUST 28, 2017

Operational Excellence Delivers Profit Optimization. Effective management of inventory procurement and replenishment, especially in smaller footprints, will increasingly influence the consumer experience. The disciplines of interest will include supply management, efficient order fulfillment, transportation and workforce.

Optimal Sourcing 40

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Supply Chain Software 40

NC State SCRC

DECEMBER 28, 2015

In other words, many supply chain and purchasing solutions looks at historical transaction activity (what happened in the past and is captured in our ERP systems). Talent should be part of building a procurement transformation, and not an after-thought.

Predictive Analytics Software 40

Predictive Analytics Software Predictive Analytics Supply Chain Design Software Supply Chain Planning Software 40