SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference.

Negotiating Skills 105

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 105

SCMDOJO

APRIL 20, 2023

If you’re eyeing a role as a Procurement Manager (or are looking to hire one), you’re in the right place! 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.

Negotiating Skills 116

Negotiating Skills Optimal Sourcing Procurement Analytics Manufacturing Procurement 116

SCMDOJO

JANUARY 17, 2024

Managing the supply chain involves the delicate art of aligning your product supply precisely with customer demand. That is to say, there isn’t one single career in supply chain management. That is to say, there isn’t one single career in supply chain management. Planners do exactly that.

Purchasing Skills 98

Purchasing Skills Negotiating Skills Optimal Sourcing Manufacturing Procurement 98

Precoro

JULY 8, 2022

One should keep in mind that every transaction has an additional hidden cost in labor and overheads, such as the time spent sourcing products, tracking deliveries, matching invoices, and overseeing suppliers. In the article, we look critically at the role of the purchasing manager and discuss how to determine the value of hiring one.

Purchasing Skills 74

Purchasing Skills Manufacturing Procurement Negotiating Skills Procurement Solutions 74

Exiger Perspectives

OCTOBER 31, 2024

How is AI changing supply chain risk management , and what does it mean for the future? These questions were part of a recent discussion featuring Exiger CEO Brandon Daniels about AI impacts on supply chains. Arjun Mehta: How is AI impacting supply chain risk management?

Supply Chain Risk Management 52

Supply Chain Risk Management Supply Chain Planning Software Risk Management Supply Chain Software 52

OptiProERP

MAY 18, 2023

So what is procurement? Procurement is acquiring goods, services, or works from an external source. It involves sourcing, negotiation, ordering, delivery, and payment for goods or services. What Are the Types of Procurement?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

Unleashed

MARCH 21, 2021

The procure to pay process is complex and far more than simply making a phone call, or sending a few emails to arrange the purchase of goods. It is a key part of your company’s supply chain. Strategically approaching the procure to pay process can see your company reap the rewards. Qualifying suppliers.

Procurement Analytics 59

Procurement Analytics Procurement Solutions Manufacturing Procurement Optimal Sourcing 59

Unleashed

SEPTEMBER 20, 2023

A business’s MOQ for each product is typically determined through analysis of profit margins, operational efficiencies, and manufacturing requirements. This could be when a supplier or manufacturer needs a high number of a particular item, or when it’s more cost-effective to produce that unit in bigger numbers.

Manufacturing Procurement 52

Manufacturing Procurement Negotiating Skills Optimal Sourcing Purchasing Skills 52

MIT Supply Chain

JUNE 13, 2013

A new tool enables procurers to negotiate product prices without bargaining away supplier goodwill. When bargaining with suppliers over a product price, how can procurement professionals secure the best deal without damaging a valued relationship by being overly aggressive? Fair deal. Identify the sub-parts.

Negotiate Pricing 78

Negotiate Pricing Negotiating Skills Purchasing Skills Manufacturing Procurement 78

Unleashed

AUGUST 28, 2023

Cost of sales is the accrued total of all the costs of supplying a product. The cost of sales metric is most commonly used in the retail and eCommerce industries, whereas manufacturing businesses typically calculate profitability using the cost of goods sold formula instead. It only relates to those products you have sold.

Purchasing Skills 52

Purchasing Skills Negotiating Skills Cost Reduction Strategies Examples 52

Unleashed

NOVEMBER 28, 2022

Inventory replenishment is the process of purchasing the goods, components, and raw materials needed to build and sell products. It ensures products and materials are procured and delivered to the warehouse in a cost-effective, timely way. In this strategy, replenishment is automated based on minimum and maximum stock levels.

Inventory Reduction 98

Inventory Reduction Material Savings Cost Reduction Strategies Resource Reduction 98

Unleashed

FEBRUARY 12, 2024

This includes the cost of capital used to purchase inventory, which could have been invested elsewhere for potential returns. Additionally, they may involve the interest expense on loans or lines of credit used to finance inventory purchases. Due to technological advancements, some inventory items may become obsolete or damaged.

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

SCMDOJO

JULY 3, 2023

In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making.

Purchasing Training 98

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 98

KEPLER Consulting

NOVEMBER 20, 2017

To reduce Supply Chain costs, once the traditional levers have been activated (supplier negotiations, transport schemes optimization, inventory reduction, etc.), manufacturers have decided to go further by progressing on the notion of total cost. Recurring examples. However small lots have a double negative effect.

Optimal Sourcing 40

Optimal Sourcing Modeling Supply Chain Optimization Cost Reduction Strategies 40

KEPLER Consulting

MARCH 23, 2018

The purpose of this article is to share our experience in the use of machine learning to generate quick saving opportunities and homogenize purchased pricing across business units / regions in large groups. Refer to our article “ Supply Chain optimization: a total cost approach ”. Control supplier quotes on new projects.

Negotiating Skills 64

Negotiating Skills Purchasing Skills Negotiate Pricing Material Savings 64

Infosys Supply Chain Management

SEPTEMBER 22, 2011

Industrial Manufacturing. Technology Services. Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. TradeEdge – Demand Chain Management. Supply Chain Management. Hospitality and Leisure. Logistics and Distribution.

Supply Chain Planning Software 27

Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement Supply Chain Software 27

6 River Systems

JANUARY 10, 2019

Fewer than a third of supply chain management professionals view their collaborative processes as being “effective,” according to data from Flexis. It’s a troubling statistic, because as every supply chain manager knows, collaboration is crucial for a fully optimized supply chain.

Optimal Sourcing 61

Optimal Sourcing Negotiating Skills Negotiate Pricing Pricing Training 61