SCMDOJO

OCTOBER 30, 2024

Conversely, a student who quickly grasps procurement strategies can be challenged with advanced case studies and leadership projects. For example, a student might work on a project that involves analyzing sales data to predict future product demand, thereby learning how to adjust procurement strategies accordingly.

Supply Chain Planning Software 97

Supply Chain Planning Software Analytics Software Forecasting Software Predictive Analytics Software 97

SYSPRO Smarter ERP

MARCH 31, 2022

The further disruption caused by Russia’s invasion of Ukraine could cause major disruptions to the global supply chain and impact South Africa. Technology designed for manufacturers, such as ERP systems , provides organisations with improved visibility of the reliable local suppliers and their supply chains.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Disruption Supply Chain Design Software Supply Chain Planning Software 105

ivalua

NOVEMBER 25, 2020

In August 2020 Gartner published this report “4 Tactics Procurement Can Use to Sustain Influence as Economic Conditions Improve” This blog summarizes the key points of the report which you can read in full, here. Procurement Teams Step-up. When Covid-19 hit, supply chains across the globe nearly came to a halt.

Optimal Sourcing 130

Optimal Sourcing Procurement Gartner Agile and Lean Supply Chain 130

ivalua

OCTOBER 8, 2021

During the pandemic, Procurement flexed its muscle, helping to mitigate supply chain disruptions and enable new channels for engaging with customers and fulfilling orders. Here are four ways leading Procurement organizations can influence retail recovery in 2021 and beyond: 1. Decentralize Procurement.

Optimal Sourcing 130

Optimal Sourcing Material Savings Procurement Analytics Procurement Solutions 130

ivalua

APRIL 13, 2021

In part 1 of this blog I looked at how procurement can actually create new revenue opportunities. Here I’ll take a look at two other ways that procurement can help support growth. Incentivize procurement w/performance goals & KPIs that encourage supplier collaboration to drive meaningful changes in behavior.

Procurement Solutions 130

Procurement Solutions Procurement Sourcing Strategies Purchasing Skills 130

Precoro

NOVEMBER 11, 2024

In this article, we’ll explain what centralized purchasing is, the challenges it tackles, the benefits of centralized procurement, and the types of companies that can benefit most from it. That’s when a centralized procurement organization structure proves beneficial.

Pricing Training 105

Pricing Training Expense Reduction Price Reduction Purchasing Training 105

Precoro

MARCH 27, 2025

Rising costs, supply chain chaos, and economic swings put businesses under enormous pressure to protect their margins. According to McKinsey & Company, procurement accounts for 50% to 80% of a company’s cost base. That’s why organizations zero in on strategies to achieve procurement cost reduction. 

Cost Reduction Strategies 45

Cost Reduction Strategies Price Reduction Expense Reduction Vendor Strategies 45

Jaggaer

MARCH 20, 2025

Uncertainty around federal and state policy changes poses a significant challenge for procurement leaders across all types of higher education institutions. Uniform Guidance for Federal Awards), state, and institutional procurement regulations can be challenging, especially when dealing with grant-funded purchases.

Education 52

Education Procurement Analytics Pricing Training Purchasing Training 52

QAD

OCTOBER 26, 2023

Supply chain disruptions have led many discussions the past couple years — and how they have been embraced by experts as the new normal. However, it is important to remember that the supply chain has always been vulnerable. As a result, disruption can be a catalyst for positive change.

Supply Chain Disruption 98

Supply Chain Disruption Supply Chain Software Supply Chain Strategy Modeling 98

Logistics Viewpoints

APRIL 3, 2023

But we’ve always been building out this technology with the thought of being able to do other things around procurement, finance, and revenue management.” In achieving supply/demand rebalancing, the solution is looking at what kind of tradeoffs should be made to maximize financial goals while minimizing risk and supply chain disruption.

Supply Chain Planning Software 317

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 317

Logistics Viewpoints

APRIL 8, 2024

These solutions use natural language processing, for example, to read online publications and other data sources, make sense of what they read, contextualize the data into information, and report supply chain disruptions caused by weather, geopolitical events and other hazards in near real-time.

Supply Chain Software 305

Supply Chain Software Supply Chain Manufacturing Procurement Predictive Analytics Software 305

BlueYonder

MARCH 7, 2025

Tariffs are designed to protect domestic industries, but they also pose challenges for industrial manufacturers, including higher costs, supply chain disruptions and market volatility. Managing supply chain disruptions: Tariffs can create supply chain bottlenecks, delaying the arrival of critical components.

Manufacturing Procurement 87

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Material Savings 87

Precoro

FEBRUARY 26, 2025

They integrate finance, HR, sales, and supply chain management into one complex platform. Within this setup, an ERP procurement module helps companies make purchases and manage suppliers. Numbers speak louder: According to Procurement Tactics’ top procurement trends in 2025 , 83% of CPOs prioritize digitization.

Procurement Solutions 45

Procurement Solutions Optimal Sourcing Procurement Analytics Manufacturing Procurement 45

Logistics Viewpoints

MAY 3, 2023

At the ARC Industry Leadership Forum in February, I had the opportunity to sit down with John Delligatti, Director of Digital Supply Chain Transformation at SDI , to discuss the pandemic, Maintenance, Repair and Operations (MRO), and the future of supply chain management.

Supply Chain Design 238

Supply Chain Design Supply Chain Planning Supply Chain Supply and Demand 238

Precoro

JULY 15, 2024

The chief procurement officer (CPO) is a senior executive responsible for developing and implementing their organization’s procurement policies, procedures, and strategies. The chief procurement officer’s workload extends beyond timely purchases and cost-saving measures.

Negotiating Skills 105

Negotiating Skills Manufacturing Procurement Procurement Analytics Procurement Solutions 105

Jaggaer

FEBRUARY 5, 2025

This allows the procurement team to quickly identify the lowest or most favorable bid based on cost factors. For example, carbon emissions can be costed, and delivery times or product quality might be scored numerically or based on predefined KPIs in the system. Automation can also play a role here.

Sourcing Strategies 52

Sourcing Strategies Negotiating Skills Optimal Sourcing Price Reduction 52

Logistics Viewpoints

SEPTEMBER 19, 2023

Risk events that happen in one part of the supply chain can cause a disruptive effect that is amplified multi-fold given the complex connectivity of labor, raw materials, and capacity. The bullwhip effect is one example of this disruptive effect, when small changes in demand cause huge demand spikes downstream.

Supply Chain Design Software 293

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Software 293

LevaData

JANUARY 12, 2022

Anyone who has spent any amount of time in the supply chain profession is well experienced in dealing with constant changes. Supply chain disruptions are, after all, an unavoidable part of the territory. Making the Most of Supply Chain Disruptions. Don’t Be So Quick to Say Goodbye.

Supply Chain Disruption 80

Supply Chain Disruption Supply Chain Software Agile and Lean Supply Chain Supply Chain Strategy 80

SCMDOJO

MARCH 24, 2025

The formulae for the PPV is: PPV= (Standard Price – Actual Price) *actual quantity Lets understand this with some examples: Example # 1: A FMCG company plans to purchase 20,000 units of packaging material at an estimated cost of $6 per unit, setting a total budget of $120,000. per unit, reducing the actual cost to $90,000.

Purchasing Skills 69

Purchasing Skills Negotiating Skills Negotiate Pricing Procurement Analytics 69

ivalua

DECEMBER 14, 2020

In a recent webinar, “ How to Leverage S2P Platforms to Enable Supply Chain Resilience ,” procurement experts from Forrester, Ivalua and Procurement Leaders discussed how digital transformation and the technologies that enable it can help companies mitigate risk and be more agile and resilient.

Procurement Solutions 130

Procurement Solutions Optimal Sourcing Manufacturing Procurement Optimization Software 130

Procurement Academy

JUNE 30, 2022

During the 1970’s oil crisis and the rampant inflation that followed, skilled procurement professionals were in demand more than ever before. While professionals have superior technology and analytics on their side, the challenges associated with procurement in a high inflation environment remain the same – and so do the solutions.

Procurement Analytics 95

Procurement Analytics Procurement Solutions Procurement Purchasing Skills 95

Logistics Viewpoints

DECEMBER 5, 2022

While not completely protecting them from the supply shocks that occurred during the pandemic, it allowed them to respond to their customers with greater speed and agility, manage costs, and provide options when a supply chain disruption occurred. That increases the value of the analytics used by the procurement team.

Agile and Lean Supply Chain 269

Agile and Lean Supply Chain Rail Software Manufacturing Procurement Supply Chain Planning Software 269

SYSPRO Smarter ERP

JULY 12, 2022

As supply chain disruptions continue the procurement function should adapt to improve transparency, build collaborative relationships, and ensure sustainable sourcing practices, resulting in a stronger, more resilient supply chain with Cloud ERP for manufacturing. Strategic sourcing with Cloud ERP.

Manufacturing Procurement 105

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement Solutions 105

Enterra Insights

FEBRUARY 13, 2025

Supply Chain Restrictions. Analysts at Moody’s write, “Restrictions will continue playing a large role [in supply chains], putting upward pressure on costs. The most recent examples are European tariffs on Chinese autos and the U.S. ” Reputational risk. ” Black Dragons.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain Strategy 130

SYSPRO Smarter ERP

MARCH 2, 2022

To deal with the new challenges in managing and planning the supply chain , the procurement department is one of the functions that should look at changing. It is no longer sufficient for procurement to focus just on supplier costs, placing orders and ensuring goods are received. Risk management.

Optimal Sourcing 116

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Software 116

Logistics Viewpoints

OCTOBER 4, 2024

Redwood Logistics Reveals Industry Shifting Logistics Health Assessment Solution Redwood Logistics has introduced a Logistics Health Assessment aimed at helping companies identify and address logistics challenges, particularly in response to supply chain disruptions, demand volatility, and rising customer expectations.

South Carolina 282

South Carolina Logistics Network Optimization Software Supply Chain Planning Software Logistics 282

Logility

OCTOBER 21, 2021

In light of both compliance standards and consumer preferences, non-sustainable supply chains create business risks, including higher chances for reputational damage and supply chain disruptions due to ecological collapses or international embargos. Avoid supply chain disruptions.

Optimal Sourcing 207

Optimal Sourcing Sustainability Supply Chain Planning Software Supply Chain Optimization 207

Arena Solutions

DECEMBER 17, 2024

Part availability and ECO management are two prime examples of data discontinuity in PCB design flows. Supply Chain Disruptions Supply chain disruptions, such as delays and component shortages, can occur if parts are incorrectly changed or stocked, or there are mismatches between what is needed and what is available.

Supply Chain Design Software 94

Supply Chain Design Software Manufacturing Procurement Procurement Solutions Modeling Software 94

ToolsGroup

MARCH 17, 2020

Macro events like the Coronavirus crisis trigger demand volatility that affects every link in your global supply chain—from the raw materials you procure to setting safety stock levels to planning logistics and promotions. A good example here is toilet tissue or sanitizing products.

Supply Chain Planning Software 215

Supply Chain Planning Software Modeling Scenario Planning Supply Chain Planning 215

AFFLINK

JANUARY 17, 2019

How does your organization manage supply chain disruptions? Supply chain disruption is at its highest rate in three years , and while it's not always possible to predict every interruption in procurement, it is possible to plan ahead for them. The Many Types of Business Disruption.

Supply Chain Planning Software 72

Supply Chain Planning Software Supply Chain Disruption Supply Chain Software Predictive Analytics Software 72

SYSPRO Smarter ERP

NOVEMBER 18, 2024

For example, an ERP for automotive distributors needs to include not just a standard sales function but also allow for automotive-specific processes like call-offs and contract pricing, as well as other processes like returns and lot traceability. There are several business processes that an ERP must have to support automotive distribution.

Automotive 98

Automotive Optimal Sourcing Purchasing Skills Manufacturing Procurement 98

SYSPRO Smarter ERP

JANUARY 12, 2022

Procurement in manufacturing companies is often not done correctly. With direct and indirect materials making up at least 50% of typical manufacturing costs, the procurement function could be re-imagined so companies can be more responsive to customer demands and more agile when dealing with supply chain challenges.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Procurement Solutions Supply Chain Planning Software 105

Logistics Viewpoints

AUGUST 9, 2022

But given more than two years of incessant and unprecedented supply chain disruptions, we may never see “normal times” again. Strategy and leadership teams might elect to be alerted to production line disruptions, for example, so they receive details about every impacted order.

Inventory Management Software 261

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 261

Logistics Bureau

JANUARY 16, 2025

Common examples of Supply Chain Disruptions So what are the main reasons that you need to consider supply chain resiliency in the first place? We’ve worked with small local companies and large global supply chains, so have a pretty good idea of which disruptions are most frequent.

Sourcing Strategies 74

Sourcing Strategies Supply Chain Planning Software Supply Chain Design Software Supply Chain Strategy 74

Logistics Viewpoints

FEBRUARY 8, 2022

For example, they might browse products online, but visit a brick-and-mortar store to finalize their selection. It’s challenging for logistics providers to keep up, even in perfect supply chain conditions. But, as we know, supply chain conditions were far from perfect in 2020 and 2021.

Logistics Network Optimization Software 256

Logistics Network Optimization Software Optimal Sourcing Supply Chain Planning Software Modeling 256

Jaggaer

MARCH 19, 2025

Procurement has changed But how does all this affect us in the procurement community? Procurement today has three overarching objectives: to maximize profitability, minimize risk, and optimize sustainability. The second has become more pronounced in recent years, notably with the Covid pandemic and supply chain disruptions.

Cost Reduction Strategies 52

Cost Reduction Strategies Optimal Sourcing Price Reduction Sourcing Strategies 52

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.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 98