Talking Logistics

JUNE 30, 2015

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. As a strategic process, transportation procurement may still seem very tedious and challenging.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Procurement Material Savings 100

Supply Chain Shaman

SEPTEMBER 24, 2018

<Bear with me… > Here I share a nine-step process in an attempt to help companies unravel the process for buying supply chain planning software. They center on how to make a good decision in the purchase of supply chain planning solutions. Most have purchased software, but are dependent on Excel spreadsheets.

Supply Chain Planning Software 233

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 233

Precoro

OCTOBER 6, 2022

With the global market expansion and deepening supply chain complexity, the roles of procurement leaders have evolved from tactical to strategic. Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. From whom are we buying? By how much?

Manufacturing Procurement 80

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 80

SCMDOJO

APRIL 20, 2023

As a procurement Manager, you’ll play a crucial role in overseeing the purchasing and procurement process for a company or organization, making sure they get the best bang for their buck. Additionally, procurement managers must stay up-to-date on industry trends and best practices in order to make informed purchasing decisions.

Negotiating Skills 110

Negotiating Skills Optimal Sourcing Procurement Analytics Manufacturing Procurement 110

Logistics Viewpoints

DECEMBER 12, 2022

They source plastic pellets and then use injection, blow molding, rotational molding, and thermoforming to produce their finished products. At Dow, Mr. Baker had Purchasing experience in raw materials, and logistics for their plastics supply chain. They generated revenues of over $750 million in their last fiscal year.

Supply Chain Planning Software 228

Supply Chain Planning Software Supply Chain Planning Procurement Solutions Scenario Planning 228

Precoro

JULY 15, 2024

The CPO leads the company's acquisition programs and ensures that they are purchasing goods and contracting services on time and in a cost efficient way. Making sure these purchases are of high quality and compliant with relevant laws and regulations also falls under the CPO’s responsibilities.

Negotiating Skills 90

Negotiating Skills Manufacturing Procurement Procurement Analytics Procurement Solutions 90

SCMDOJO

FEBRUARY 13, 2023

The procurement department is an integral part of any organization, playing a crucial role in the purchasing process. The Purpose of the Procurement Department The procurement department adds value to an organization by obtaining quality goods and services at competitive prices.

Negotiating Skills 87

Negotiating Skills Purchasing Skills Negotiate Pricing Procurement Analytics 87

Supply Chain Shaman

DECEMBER 4, 2018

In his role, Ernest owns strategic sourcing, materials planning, customer care, and logistics operations globally. The Beginning of the Journey: Strategize, Centralize, and Re-footprint. The focus was a faster time to market, the lower total cost of ownership, improve asset utilization, and reduce risk.

Supply Chain Software 34

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement 34

SCMDOJO

JULY 28, 2022

The purchasing department purchases different types of goods and services. However, when you buy something, you may not always know all the suppliers that offer a particular product. This means that every time you host a sourcing event, the same suppliers bid on the same products at the same prices.

Negotiate Pricing 124

Negotiate Pricing Purchasing Skills Procurement Solutions Negotiating Skills 124

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. Check out this list of 25 Procurement and Purchasing questions and answers. You have easy access to price data points for comparison. Subscribe Here!

Procurement Analytics 68

Procurement Analytics Manufacturing Procurement Procurement Solutions Purchasing Skills 68

Jaggaer

MARCH 30, 2020

Sourcing with Big Data. Walter Charles’s philosophy on the modern state of sourcing is that it is artificially limited by the tools that teams are using. The traditional three bids and a buy model is a product of software constraints, rather than the ideal method of sourcing.

Big Data 99

Big Data Analytics Software Optimal Sourcing Sourcing Strategies 99

Procurement Academy

OCTOBER 19, 2023

Nonetheless, there is a whole lot more to opimizing procurement processes than just cutting costs and then increasing efficiencies. Your business needs a broader vision to address sustainability, deliver on risk management and resilience challenges, nurture buyer and supplier relationships, as well as meet procurement excellence.

Optimal Sourcing 52

Optimal Sourcing Vendor Strategies Price Reduction Resource Reduction 52

Arena Solutions

OCTOBER 10, 2024

Succeeding at Strategic Sourcing With Arena and Part Analytics Learn more about the integration between Arena and Part Analytics here. Full transcript below: Heatherly Bucher Welcome to our session on Succeeding at Strategic Sourcing. I lead our strategic alliances and partnership programs.

Analytics Software 62

Analytics Software Negotiating Skills Sourcing Strategies Purchasing Skills 62

Supply Chain Game Changer

JANUARY 20, 2022

The platform has risen enormously in recent years, and so has people’s skepticism, questioning the possible risks of buying from AliExpress. It’s a big benefit when buying from AliExpress. It’s also worth noting that Chinese citizens can’t buy directly from AliExpress. Is AliExpress Safe?

Purchasing Skills 96

Purchasing Skills Negotiate Pricing Negotiating Skills Buyer Training 96

SCMDOJO

DECEMBER 11, 2023

From the Purchase Order (PO) Status Report to the RFQ Performance Report, each report is dissected to provide a clear definition and a deeper understanding of its significance. By providing comprehensive insights into procurement activities, these reports empower decision-makers to make informed and strategic choices.

Procurement Analytics 19

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 19

KEPLER Consulting

OCTOBER 18, 2017

Over last decade, sourcing offices became a major piece within globalized footprint of western retailers. Asian countries and China in particular have been privileged destinations for those entities due to cost attractiveness of the area. Once pooled through a Sourcing Office, they can get a higher power of negotiation. #2

Purchasing Skills 60

Purchasing Skills Negotiating Skills Optimal Sourcing Sourcing Strategies 60

Logility

DECEMBER 15, 2023

Planting the Seeds of Resilience Most companies understand that accurate forecasts are critical to minimizing inventory, maximizing production efficiency, streamlining purchasing, optimizing distribution, minimizing waste, and projecting future performance confidently.

Optimal Sourcing 174

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 174

Supply Chain Game Changer

NOVEMBER 23, 2018

While historically companies have performed this function internally it is increasingly recognized as being more strategic to have a well functioning Procurement capability, as opposed to just having a Purchasing department. The term Strategic Sourcing had yet to become reality and is only now gaining understanding.

Negotiating Skills 80

Negotiating Skills Purchasing Skills Optimal Sourcing Procurement Solutions 80

SCMDOJO

MARCH 19, 2024

In essence, a structured supply chain department as described in the blog can help you deliver the right supply chain strategy and goals which helps cost reduction, improve customer service, on-time delivery, and better working capital. Procurement Procurement involves sourcing and acquiring the materials or products needed for production.

Optimal Sourcing 90

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 90

Supply Chain Game Changer

NOVEMBER 13, 2018

And What is Purchasing? From the starting point of the traditional buy-sell, transaction-based purchasing, the practice has moved through stages of change that redefines most aspect of the business. What is Strategic Sourcing? The fundamental objective of any organisation is lowering the cost of goods manufactured.

Manufacturing Procurement 73

Manufacturing Procurement Optimal Sourcing Procurement Analytics Cost Reduction Strategies 73

Talking Logistics

SEPTEMBER 13, 2016

If you’re not able to clearly see, examine, impact and manage every aspect of your supply chain and inventory processes – order status, shipments, in-transit goods, trade documents, costs, exceptions and more – you might as well be operating with blinders on. Freight Cost Management eliminates post-audits and disputes. Reduces DSO.

Real-time Visibility 100

Real-time Visibility Prescriptive Analytics Software Supply Chain Planning Software Inventory Reduction 100

The Logistics & Supply Chain Management Society

MARCH 21, 2023

Parents got notifications that school was cancelled, employees got notice to stay home, the world started buying most of their goods online, and the global supply chain did a collective * gulp. We’ve had many ups and downs since March of 2020, but one up that has continued its upward trend, is e-commerce purchase volume.

Cost Reduction Strategies 130

Cost Reduction Strategies Price Reduction Sourcing Strategies Price Mitigation Strategies 130

GlobalTranz

JANUARY 7, 2016

Editor's Note: This is a two part series featuring Chuck Intrieri, who along with providing excellent insights over at his industry leading The Lean Supply Chain blog, is also a consultant who works with companies for Cost Reduction, Supply Chain Optimization, Logistics, Manufacturing, and 3PL Selection. What does it take to make it?

Manufacturing Procurement 120

Manufacturing Procurement Manufacturing Eliminating Excel in Purchasing Purchasing Skills 120

Logility

AUGUST 12, 2021

Most companies understand that accurate forecasts are a critical part of minimizing inventory, maximizing production efficiency, streamlining purchasing, optimizing distribution, minimizing waste, and projecting future performance confidently. Preparing for Market-Driven Demand.

Manufacturing Procurement 130

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Scenario Planning 130

SCMDOJO

APRIL 4, 2023

This leads to significant operational efficiencies, cost savings, and improved customer satisfaction. To accomplish this, supply chain analytics collects, analyzes, and synthesizes data from a wide variety of sources. This can lead to significant cost savings and improved profit margins.

Prescriptive Analytics Software 111

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 111

SCMDOJO

JANUARY 17, 2024

They are in charge of purchasing, procurement, and sourcing. Their ability to balance cost, quality, and supply chain sustainability directly impacts the overall success of the organization. To Improve your Materials Management Comptencies, Download our Assessment Tool.

Purchasing Skills 85

Purchasing Skills Negotiating Skills Optimal Sourcing Manufacturing Procurement 85

SCMDOJO

JUNE 28, 2024

The growing number of women in supply chain roles is a testament to their skills, expertise, and determination. Through their knowledge of logistics, operations, and strategic planning, women are forging successful careers and making a substantial impact on this sector. Why Supply Chain is a Great Career Choice for Women?

Negotiating Skills 71

Negotiating Skills Optimal Sourcing Purchasing Skills Supply Chain Design Software 71

Unleashed

MARCH 7, 2021

Limited operational costs. By managing the entire supply chain from a central location, organisations can monitor their operational costs and work hard to stay within a limited budget. This can lead to lower storage costs overall. Whether this is hiring new staff, purchasing new assets or upgrading existing technologies (i.e.

Supply Chain Design Software 124

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 124

Kinaxis

JUNE 24, 2015

I remember starting in supply chain many years ago in procurement, negotiating pricing and managing suppliers. At the beginning, about a month after I had placed a large purchase order I was approached by accounting. It turns out that the supplier didn’t acknowledge the price and invoiced differently than the purchase order.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Planning Forecasting Software Demand Planning Software 100

Procurement Academy

JUNE 26, 2024

Finding skilled professionals to manage complex marketplace networks is a challenge Skill Dynamics often see in businesses we speak to. We equip individuals and organizations with the knowledge and expertise they need as a solution – both to optimize their supply chains and empower their businesses to thrive.

Negotiating Skills 52

Negotiating Skills Optimal Sourcing Purchasing Skills Buyer Training 52

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. Environmentally friendly practices, such as ethical sourcing or moving towards net zero, are now not just preferred but expected.

Cost Reduction Strategies 52

Cost Reduction Strategies Price Reduction Inventory Reduction Sourcing Strategies 52

Supply Chain Game Changer

JUNE 17, 2020

Strategic National Stockpiles and Sourcing for the National Interest! These Rare Earth Elements have long ago been abandoned for mining and processing here in the United States and are part of our reliance on Chinese sources of supply. trade negotiators will have to convince China to be receptive to working a deal.

Manufacturing Procurement 71

Manufacturing Procurement Sourcing Strategies Sourcing Material Savings 71

Jaggaer

DECEMBER 13, 2024

Whereas source-to-contract describe s upstream processes, includ ing sourcing and contract management, procure-to-pay refers to the downstream activities involved in actually acquiring goods and services. But they can cause a variety of other problems such as internal squabbles about approvals and buying authority.

Procurement Solutions 52

Procurement Solutions Optimal Sourcing Procurement Analytics Negotiating Skills 52

Supply Chain View from the Field

JANUARY 14, 2015

Such systems are also instrumental in establishing aligned tactical and strategic performance metrics systems that drive improved economic outcomes (Bendoly et al., They have been touted as the key to manufacturing excellence and supply chain integration… But what is the real ROI on ERP system implementation?

Manufacturing Procurement 60

Manufacturing Procurement Negotiating Skills Purchasing Skills Procurement Analytics 60

Unleashed

DECEMBER 6, 2021

With inventory management and other software features built for the wholesale environment, you’ll be able to work towards success in a number of ways: improved profit margins by holding a lean inventory, optimising inefficiencies to cut labour costs, better strategic decision making through data… the list goes on.

Inventory Management Software 98

Inventory Management Software Supply Chain Design Software Supply Chain Planning Software Analytics Software 98

Claritum

NOVEMBER 16, 2018

Don’t lose Procurement’s focus on costs. The variables and complexities of purchasing products and services, from basic supplies through to strategic purchases, make Procurement a key resource within the business. The focus should be on automating the buying process from a user/departmental perspective.

Procurement Solutions 69

Procurement Solutions Procurement Analytics Optimal Sourcing Negotiating Skills 69

Jaggaer

MARCH 18, 2020

Sourcing with Big Data. Walt Charles’s philosophy on the modern state of sourcing is that it is artificially limited by the tools that teams are using. The traditional three bids and a buy model is a product of software constraints, rather than the ideal method of sourcing. You can gather as many bids as you want.

Big Data 59

Big Data Analytics Software Optimal Sourcing Sourcing Strategies 59