Supply Chain Shaman

JUNE 29, 2022

We have heard that there is a focus on near-shoring, reshoring, and local manufacturing. Building a fab (manufacturing site) takes two-to-four years and requires the availability of water and trained labor. The automotive industries–with the poorest capabilities to plan and manage suppliers–will suffer the most.

Supply Chain Design Software 259

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Pricing Training 259

QAD

APRIL 7, 2022

Procurement, also sometimes known as purchasing, is the group responsible for acquiring components, services, and other materials to manufacture a company’s products and to keep the operation running. Purchasing is also required to buy goods at the lowest possible price, consistent with quality and delivery needs.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Negotiate Pricing Purchasing Skills 98

GlobalTranz

NOVEMBER 28, 2016

Editor's Note: Today's blog is by our great friend, Chuck Intrieri where he gives us a fantastic example of how Procurement and Suppliers can enhance Supplier Relations by navigating the "Battle of the Forms.". Naturally, a supplier relations conflict exists. Contract Negotiation Enhancing Supplier Relations.

Negotiate Pricing 120

Negotiate Pricing Manufacturing Procurement Optimal Sourcing Purchasing Skills 120

Supply Chain Shaman

NOVEMBER 15, 2021

Especially grievous are the gaps between finance and operations, manufacturing and procurement, and the operations and commercial teams. We Assumed that Transportation Would Always Be Available And That We Just Needed to Negotiate Price. Only 29% of companies have active supplier development groups. We are to blame.”

Supply Chain Design Software 285

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 285

Silvon Software

APRIL 19, 2022

Plus, Stratum’s packaged procurement analytics (along with analytics that span other areas of their organizations) enable our clients to effectively report on and visualize both their manufacturing-centric and enterprise-focused KPIs. Supplier KPIs. Download Silvon’s Definitive Guide to KPIs : Concepts, Best Practices & More.

Optimal Sourcing 124

Optimal Sourcing Procurement Analytics Manufacturing Procurement Negotiate Pricing 124

Supply Chain Shaman

MAY 21, 2013

Medical Device Manufacturer. Originally healthcare suppliers sold to physicians. At the dawn of the decade, the supplier had the power. In the last five years, while the physician is still important, the buying decisions transitioned from the supplier to the care provider. Suppliers now have a dance partner.

Modeling 240

Modeling Modeling Software Pharmaceutical Procurement Analytics 240

GlobalTranz

AUGUST 17, 2015

While the opportunities are numerous so are the challenges; in this fiercely competitive global marketplace success requires companies to pay closer attention to supplier relations. Global leaders should retain suppliers with vested interest in the long-term success of the company.

Sourcing Strategies 120

Sourcing Strategies Price Reduction Vendor Strategies Cost Reduction Strategies 120

Jaggaer

FEBRUARY 18, 2020

Leverage your supplier management for maximum benefit with the white paper: How to Achieve Holistic Supplier Management. Strategic Supplier Management. Supplier ecosystems are increasingly diverse. Strategizing for a diverse range of suppliers. Given the diversity of supplier ecosystems, this makes no sense at all.

Negotiating Skills 103

Negotiating Skills Negotiate Pricing Manufacturing Procurement Purchasing Skills 103

QAD

JULY 30, 2024

It covers the procurement of items like: Raw materials Operational supplies Manufacturing machinery Product components Capital equipment With direct spend, procurement teams dedicate significant time to supplier development and maintaining supplier relationships, focusing on negotiating pricing, material quality and delivery schedules.

Optimal Sourcing 95

Optimal Sourcing Negotiating Skills Material Savings Manufacturing Procurement 95

SCMDOJO

APRIL 3, 2022

Procurement specialists can use eAuctions to engage and negotiate with more vendors utilizing an organized approach which thus eliminates any need for cumbersome one-on-one meetings. Digital bidding, or eAuctions, are a more efficient way of negotiating with vendors in the international market.

Vendor Strategies 141

Vendor Strategies Negotiating Skills Price Reduction Purchasing Skills 141

Logistics Viewpoints

MAY 6, 2022

Well, according to Czinger, a Los Angeles-based boutique hypercar manufacturer, that is about to be a possibility. While all of this technology sounds pretty amazing, it should be said that this type of performance comes with a price tag. McCormick’s diverse supplier network helps shield it from Ukraine impacts.

Logistics Network Optimization Software 245

Logistics Network Optimization Software Negotiating Skills Manufacturing Procurement Negotiate Pricing 245

SYSPRO Smarter ERP

OCTOBER 11, 2021

There is a belief that manufacturing is a mechanical process with not much thinking involved. While this is wrong for manufacturing in general it is especially wrong for process manufacturers – companies that produce food and beverages, paints, chemicals, pharmaceuticals, and cosmetics. What is process manufacturing?

Manufacturing Procurement 119

Manufacturing Procurement Manufacturing Supply Chain Planning Software Purchasing Skills 119

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

Supply Chain View from the Field

DECEMBER 23, 2014

A spend analysis answers the simple question of how much money has the organization spent on all third party products, services, and expenses in the last year, what is the budgeted rolling horizon for the next year, and what is projected change in the mix of suppliers we are contracting and spending with?

Negotiating Skills 135

Negotiating Skills Purchasing Skills Procurement Analytics Analytics Software 135

ivalua

DECEMBER 5, 2019

Businesses more reliant than ever on suppliers as the pace of innovation increases, but two-thirds view their relationships as primarily transactional. The research , conducted by Vanson Bourne on behalf of Ivalua, found that 60% of UK businesses say they consider the role of suppliers important when it comes to driving innovation.

Negotiate Pricing 22

Negotiate Pricing Negotiating Skills Cost Reduction Strategies Research 22

GlobalTranz

DECEMBER 2, 2014

Holiday shipping prices for 2014 are pretty similar to what they were last year, only a bit higher. The truckload market spiked last year about this time and the prices never went down. Holiday shipping prices going INTO California and heading west are looking good. Communicate with Customers and Suppliers.

Cost Reduction Strategies 215

Cost Reduction Strategies Price Reduction Vendor Strategies Resource Reduction 215

Supply Chain Shaman

JULY 22, 2013

Start with Sales and Operations Planning and then move to include the focus on Revenue Management, Supplier Development and Corporate Social Responsibility. Analyze opportunities to pool outbound freight with other manufacturers. For more on demand and supply orchestration check out my blog Bait and Switch. Collaborative logistics.

Supply and Demand 236

Supply and Demand Supply Chain Design Software Modeling Supply Chain Planning Software 236

Supply Chain Shaman

SEPTEMBER 28, 2012

Or contracts and negotiations. In my mind, it is the end-t0-end process: from the customer’s customer to the supplier’s supplier. Hospitals have reduced cash-to-cash cycles by improving accounts payable and squeezing suppliers. It will also impact the factory with a redesign for digital manufacturing.

Pricing Training 262

Pricing Training Supply Chain Design Software Waste Reduction Purchasing Training 262

ToolsGroup

OCTOBER 14, 2024

Optimizing spare parts inventory offers significant advantages for organizations, particularly in the manufacturing, maintenance, and repair sectors. Streamlined Lead Times: Improved procurement efficiency potentially resulting in cost savings from optimized shipping arrangements and favorable supplier terms.

Inventory Reduction 156

Inventory Reduction Negotiating Skills Optimal Sourcing Cost Reduction Strategies 156

Talking Logistics

OCTOBER 29, 2013

You write an RFQ, screen candidates, create a short list, select the provider, and negotiate service requirements and a cost structure. Visibility to experienced landed costs through reporting, allows the company to validate expected unit cost and sales price assumptions and influence future ordering and vendor selection decisions.

Pricing Training 164

Pricing Training Purchasing Skills Purchasing Training Supply Chain Planning Software 164

Precoro

NOVEMBER 13, 2023

One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. Purchase price variance can be tracked for each separate purchase or for the total procurement spend over specific time periods – for instance, monthly, quarterly, or yearly.

Purchasing Skills 84

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 84

SCMDOJO

APRIL 20, 2023

Within this department, the procurement manager plays a key role in overseeing the entire process, from identifying the need for goods or services to negotiating contracts with suppliers. Read More: Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities ] What does a Procurement Manager do?

Negotiating Skills 110

Negotiating Skills Optimal Sourcing Procurement Analytics Manufacturing Procurement 110

GlobalTranz

SEPTEMBER 12, 2016

For example, transportation management often focuses on the journey of products after manufacturing. Although procurement logistics might sound like it involves the purchasing of manufactured products , it is much more involved. Every cost associated with manufacturing a product increases its value.

Manufacturing Procurement 120

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 120

The Logistics of Logistics

SEPTEMBER 12, 2020

His primary research stream examines firms’ logistics operations, with an emphasis on studying motor carrier safety, productivity, pricing dynamics, and driver turnover. The department educates students to succeed in careers such as procurement, manufacturing, inventory management, warehousing, transportation, and customer service.

Supply Chain Design Software 130

Supply Chain Design Software Negotiate Pricing Negotiating Skills Supply Chain Design 130

Silvon Software

APRIL 23, 2019

Companies that focus on strategic sourcing can generate substantial economic value not just by eliminating waste, reducing costs and improving administrative efficiency, but also by building stronger supplier relationships that can make them more competitive, profitable and nimble. These metrics are noted in the following sections below.

Purchasing Skills 90

Purchasing Skills Manufacturing Procurement Procurement Analytics Procurement Solutions 90

Talking Logistics

FEBRUARY 21, 2019

Omni-channel retailers and manufacturers/distributors require agility to compete and thrive in an industry that is ever-changing due in large part to the Amazon Effect. This process can be a win-win for both retailers and manufacturers/distributors alike. Now, how does a retailer or manufacturer/distributor get started?

Negotiating Skills 140

Negotiating Skills Vendor Strategies Negotiate Pricing Manufacturing Procurement 140

EMERGE App

APRIL 20, 2020

They act as an intermediate party between manufacturers and retailers. Once you decide the product that you will be wholesaling, you have to find the perfect supplier. It goes without saying that the relationship between a wholesaler and a supplier must be mutually beneficial one. Overseas Supplier. Domestic Suppliers.

Negotiate Pricing 64

Negotiate Pricing Manufacturing Procurement Negotiating Skills Manufacturing 64

Supply Chain Shaman

NOVEMBER 15, 2021

Especially grievous are the gaps between finance and operations, manufacturing and procurement, and the operations and commercial teams. We Assumed that Transportation Would Always Be Available And That We Just Needed to Negotiate Price. Only 29% of companies have active supplier development groups. We are to blame.”

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 195

Supply Chain Shaman

NOVEMBER 15, 2021

Especially grievous are the gaps between finance and operations, manufacturing and procurement, and the operations and commercial teams. We Assumed that Transportation Would Always Be Available And That We Just Needed to Negotiate Price. Only 29% of companies have active supplier development groups. We are to blame.”

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 195

ToolsGroup

DECEMBER 20, 2021

The problems we are experiencing now started in March 2020 when COVID hit and suppliers in Asia shut down. . By May 2020, suppliers were mostly operational again, but there was a huge downturn in U.S. A closer look at higher container costs alone reveal just how much container prices have changed. . The result? .

Supply Chain Disruption 194

Supply Chain Disruption Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 194

ToolsGroup

JUNE 27, 2022

In the middle, you’ve got your manufacturers that take those raw materials and turn them into finished goods. Scoops is a manufacturer that makes batch ice cream and pre-packaged ice cream bars and pints. Or let’s say Scoops decides to acquire its dairy supplier. Essentially, the company buys its supplier.

Price Reduction 156

Price Reduction Cost Reduction Strategies Material Savings Supply Chain Planning Software 156

ThroughPut

MAY 9, 2024

Mounting supplier and consumer demands, rapidly climbing prices, and unexpected bottlenecks are causing reduced capacities and network changes. They are more reliable, tune in well to volatilities and help build the necessary trust between the manufacturer and the final customer. This isn’t the end of the problem, though!

Negotiate Pricing 52

Negotiate Pricing Negotiating Skills Optimal Sourcing Supply Chain Planning Software 52

ivalua

NOVEMBER 23, 2020

Their mission is to aggregate product purchases from member healthcare providers and secure lower product prices for them, particularly on commodity-type items, like flu vaccine. Baylor developed relationships directly with manufacturers in an effort to standardize across its 48-hospital system.

Manufacturing Procurement 130

Manufacturing Procurement Negotiating Skills Purchasing Skills Negotiate Pricing 130

Supply Chain Shaman

DECEMBER 4, 2018

At Rockwell this includes all processes end-to-end except for manufacturing. The company has over 7,000 suppliers and provides industrial automation and information products to a variety of industries in over 80 countries. From a manufacturing perspective, products vary significantly in complexity. Rockwell’s Automation Journey.

Supply Chain Software 34

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

Unleashed

JANUARY 3, 2023

As a manufacturer, a lot of businesses and customers rely on you to get things done on time. So, let’s break down how to improve cash flow in a manufacturing business and look at the various cash flow challenges faced by manufacturers around the world. But first you have to get in the green.

Manufacturing Procurement 96

Manufacturing Procurement Material Savings Expense Reduction Inventory Reduction 96

Supply Chain Game Changer

SEPTEMBER 13, 2022

Have you found that the consistent supply and reasonable prices in the Electrical Supply Chain that you were used to before COVID-19 hit have not returned as soon as you hoped, or as soon as some experts predicted? Adding to the misery, rising fuel costs drove prices up. Copper prices have risen 8.97% from one year ago.

Negotiate Pricing 85

Negotiate Pricing Purchasing Skills Negotiating Skills Price Reduction 85

Talking Logistics

OCTOBER 5, 2015

But you’re only as good as your worst supplier. in an effort to streamline its supply chain as it prepared to ramp up manufacturing…UPS said last year it would set up a logistics center in Londonderry, N.H., ” United Technologies Chief Executive Greg Hayes said last month. It’s the ramp. I speak from personal experience.

Negotiate Pricing 100

Negotiate Pricing Pricing Training Purchasing Training Negotiating Skills 100