Talking Logistics

MAY 1, 2023

This past February we asked members of our Indago supply chain research community — who are all supply chain and logistics executives from manufacturing, retail, and distribution companies — “Is your company using Artificial Intelligence in its supply chain or logistics operations?”

Case Study 221

Case Study Manufacturing Procurement Study Procurement 221

Unleashed

JANUARY 4, 2024

This guide will explain how product sourcing works in modern business, best practices for finding suppliers, and list some of the most popular websites and tools for sourcing goods to sell. Product sourcing is the process of finding reliable suppliers and purchasing inventory from them with the intention of reselling to customers.

Purchasing Skills 52

Purchasing Skills Manufacturing Procurement Optimal Sourcing Sourcing Strategies 52

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

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

SCMDOJO

APRIL 20, 2023

A procurement manager is deeply involved in identifying the procurement needs of the organization, researching potential suppliers, negotiating contracts, managing relationships with suppliers, and ensuring that procurement needs are met in a timely and cost-effective manner.

Negotiating Skills 116

Negotiating Skills Optimal Sourcing Procurement Analytics Manufacturing Procurement 116

OptiProERP

MAY 18, 2023

This type of procurement involves purchasing raw materials, components, and finished goods from suppliers. Direct procurement is critical for manufacturing companies as it enables them to obtain the necessary inputs to produce their products. Also Read: Learn How Procurement Automation Reduces Costs and Delivery Times.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

Unleashed

NOVEMBER 28, 2022

The pull method of inventory replenishment The ‘Pull’ method, sometimes called the ‘Just-in-Time’ method, is a lean-manufacturing strategy that involves producing goods only when they’re needed – in other words, production begins as soon as an order is placed. This means: Researching and comparing various suppliers.

Inventory Reduction 98

Inventory Reduction Material Savings Cost Reduction Strategies Resource Reduction 98

SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. Sourcing plays a crucial role in building strong supplier relationships and achieving cost-effectiveness in the supply chain. Stocking: Stocking relates to the physical storage and management of inventory within a supply chain.

Negotiating Skills 105

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 105

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

MARCH 21, 2021

It is a key part of your company’s supply chain. So, a well-defined and executed procurement strategy, along with the implementation of procurement software capabilities, can effectively help reduce costs in manufacturing, distribution and wholesale companies. Qualifying suppliers. Choosing your suppliers.

Procurement Analytics 59

Procurement Analytics Procurement Solutions Manufacturing Procurement Optimal Sourcing 59

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

Unleashed

FEBRUARY 12, 2024

It’s vital to account for any potential losses due to expired products, changes in consumer demand, or technological advancements rendering certain inventory items obsolete. Due to technological advancements, some inventory items may become obsolete or damaged. The monthly labour cost for these employees is $3,500.

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

Precoro

JULY 8, 2022

The purchasing manager is a supply chain professional who sources and acquires materials, products, and services for further use or resale by the company. It also requires good interpersonal skills to convince prospective suppliers, negotiating skills to close the deal, and the ability to make informed and timely decisions.

Purchasing Skills 74

Purchasing Skills Manufacturing Procurement Negotiating Skills Procurement Solutions 74

KEPLER Consulting

MARCH 23, 2018

However, they are often complex to implement on a large scale, because they require a lot of manufacturing process related information, strong technical expertise and deep & time-consuming cooperation with suppliers (open book policy is mandatory). Refer to our article “ Supply Chain optimization: a total cost approach ”.

Negotiating Skills 64

Negotiating Skills Purchasing Skills Negotiate Pricing Material Savings 64

Infosys Supply Chain Management

SEPTEMBER 22, 2011

Industrial Manufacturing. Technology Services. Supply Chain Management. The Infosys global supply chain management blog enables leaner supply chains through process and IT related interventions. Discuss the latest trends and solutions across the supply chain management landscape.

Supply Chain Planning Software 27

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

SCMDOJO

JULY 3, 2023

Read More: Top 10 Supply Chain Management Courses to Boost Your Career ] Accreditation and Industry Recognition Check to see if the training programme is acknowledged by the procurement sector or accredited by the relevant professional organizations. Total Cost of Ownership – Post-Covid Supply Chain Realities Lesson 5.

Purchasing Training 98

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 98

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