Supply Chain Game Changer

MAY 12, 2021

New age of negotiation article and permission to publish here provided by Sam Jenks at kodiakrating.com. We negotiate on a daily basis. We negotiate contracts, terms, and specifications in our professional lives and we negotiate dinner plans, curfews, and allowances in our private lives.

Negotiating Skills 69

Negotiating Skills Negotiate Pricing Buyer Training Expense Reduction 69

GlobalTranz

AUGUST 26, 2021

In addition, shippers were responsible for the whole of their operations, ranging from carrier negotiations through freight settlement and dispute resolution practices like reverse logistics. . Download the White Paper: Transportation Optimization: Its Strategic Role in Transportation Management. These include: . Learn More.

Logistics Network Optimization Software 283

Logistics Network Optimization Software Transportation Management 3PL Optimization Software 283

Logistics Viewpoints

FEBRUARY 2, 2023

Maximize Revenues and Efficiency with Automated Billing An automated billing solution benefits both customer and 3PL alike, in that it captures all billable activities performed by the 3PL, while accurately reporting charges at the rates and conditions associated with each customer’s specific negotiated contract.

Supply Chain Planning Software 235

Supply Chain Planning Software Inventory Management Software Analytics Software Forecasting Software 235

GlobalTranz

SEPTEMBER 23, 2021

Such congestion naturally leads to bottlenecks in planning drayage and eventual increases in the total cost of shipping, not to mention an added strain on trucking as the bottlenecks grow.? . Increasing fuel costs also play into the available capacity woes.? ? on-highway diesel fuel prices are up $0.898 from the end of August 2020.

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

GlobalTranz

JANUARY 4, 2017

And our client engages with 3PL by open book cost plus contracts and gain share and pain share incentive. What are the major KPI’s to be followed under the below attributes: Cost or Cost Savings. Customer metrics. Use Value Engineering : Reduce the Cost and retain the function of anything. Performance or Service.

Modeling 194

Modeling Negotiating Skills Cost Reduction Strategies Scenario Planning 194

Precoro

DECEMBER 11, 2023

The dynamic landscape of modern business comes with increasing product variety and volatile prices, making it more important than ever to stay competitive on the market. To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing.

Negotiating Skills 84

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 84

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

ToolsGroup

JUNE 2, 2023

When reference data – such as product codes, supplier information, and warehouse locations – is misaligned across systems, it can cause discrepancies in transactional data, leading to inaccurate inventory levels and unreliable performance metrics. Plus, accurate inventory information is the key to optimal decision-making.

Real-time Visibility 294

Real-time Visibility Manufacturing Procurement Optimal Sourcing Inventory Reduction 294

Logistics Viewpoints

JULY 19, 2021

A ton of steel can cost as little as $700. A pound of apples costs about the same as a pound of steel, yet steel is a complex product produced using high-tech metallurgical and manufacturing processes. The goal is to produce an integrated plan that meets the strategic goals of the overall organization.

Supply Chain Planning Software 278

Supply Chain Planning Software Scenario Planning Supply Chain Planning Negotiating Skills 278

Procurement Academy

OCTOBER 19, 2023

A crucial part of successful procurement strategies is the art and science of negotiation. Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract.

Negotiating Skills 52

Negotiating Skills Pricing Training Negotiate Pricing Purchasing Training 52

Supply Chain Shaman

NOVEMBER 15, 2021

We Assumed that Transportation Would Always Be Available And That We Just Needed to Negotiate Price. Lane RFPs focused on cost reduction, but few asked if they had a feasible plan. Without any penalties for failure for first-pass tender acceptance, carriers and shippers have played a shell game on price.

Supply Chain Design Software 285

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

Unleashed

MARCH 9, 2021

Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. While many businesses are interested in procuring the best quality goods and services at the cheapest price, cost is not the only procurement factor. Undamaged shipment rate.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Logistics Viewpoints

DECEMBER 7, 2021

They face higher costs. In some cases, those same caps bring even higher costs. They have less negotiation power with carriers and partners. Proactive shippers have used multi-carrier parcel shipping technologies and strategies to navigate rising carrier costs for years. They must navigate carrier parcel volume caps.

Capacity 221

Capacity Price Reduction Cost Reduction Strategies Inventory Reduction 221

Logistics Viewpoints

JULY 27, 2021

The pandemic taught consumers that the most convenient and safest way to “get that thing” is to order it online and have it delivered, increasing not only the demand for qualified drivers but also the cost to hire. An impressive case study to be sure, but alas, the cost of the technology is still prohibitive for most companies.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Predictive Analytics Software 246

Kinaxis

SEPTEMBER 16, 2014

While there was always passionate discussions on companies and metrics, the end goal was to raise awareness of supply chain as a practice. However, they seem to fall under the conglomerate issue, where multiple business units may skew the summary metrics. So, drum roll please…. Their S&OP is great across these business units.

Supply Chain Planning Software 279

Supply Chain Planning Software Gartner Supply Chain Design Software Agile and Lean Supply Chain 279

Supply Chain Shaman

MAY 21, 2013

The focus has been on sourcing and managed costs. For the hospital, the focus has been on materials management and negotiating of lower costs. They are primarily focused on cost management on new purchase decisions. Through employee downsizing and consignment-based sales, they have shifted costs to the suppliers.

Modeling 240

Modeling Modeling Software Pharmaceutical Procurement Analytics 240

Talking Logistics

OCTOBER 29, 2013

What is this going to cost? Besides providing fast, thorough answers to customers, today’s ERP, cloud-based SaaS, or 3PL-operated systems enable companies to manage the order lifecycle, control information and cargo flows, and reduce the total cost of goods. performance metrics to influence vendor behavior and impact sourcing choices.

Pricing Training 164

Pricing Training Purchasing Skills Purchasing Training Supply Chain Planning Software 164

Logility

APRIL 2, 2020

Strengthening a negotiating position. Gaining consensus on strategic relationships. Most often, your measurements will require exceptions to handle strategic suppliers who have special status. 3 Get the metrics right. Supplier metrics should be captured about monthly. Developing suppliers into better partners.

Negotiating Skills 157

Negotiating Skills Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 157

GlobalTranz

JULY 20, 2015

Thus, reverse logistics management has developed into a discipline that produces cost reductions, adds efficiencies and improves the consumer experience. Importance of Metrics in Reverse Logistics Management. Increased velocity. Increased service market share. Higher achievement of sustainability goals.

Reverse Logistics 120

Reverse Logistics Supply Chain Planning Software Supply Chain Network Software Optimization Software 120

ToolsGroup

MARCH 18, 2019

It supported collaborative goal-setting, negotiation and decision-making by giving all players in the extended supply chain a transparent, shared view of data that they could trust. Despite this more demanding metric, customer-service levels increased from 85 to 93 percent in just six months with significantly fewer costly rush orders.

Supply Chain Planning Software 228

Supply Chain Planning Software Supply Chain Planning Scenario Planning Agile and Lean Supply Chain 228

ToolsGroup

JUNE 8, 2021

A poor choice can cost an organization millions of dollars as they limp along on a product that doesn’t fit their business or help them solve their core challenges. Narrowing down an RFI into something usable can involve intense negotiations as business leads battle over which features are “must-haves.” 6 Focus on the wrong metric.

Supply Chain Planning Software 245

Supply Chain Planning Software Forecasting Software Supply Chain Software Optimization Software 245

Supply Chain Shaman

DECEMBER 4, 2018

For the past five years, the team at Supply Chain Insights identified Supply Chains to Admire Award Winners by analyzing performance by peer group on the key metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC). The Beginning of the Journey: Strategize, Centralize, and Re-footprint.

Supply Chain Software 34

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

GlobalTranz

MARCH 18, 2015

You will want to gain insight into what differentiates one 3PL from another, what core capabilities they offer and what skills do they have in developing strategies and thought leadership. From this vantage, a strategic 3PL partnership will form a collaboration with your company to fine tune a strategy to meet your needs.

Negotiating Skills 120

Negotiating Skills 3PL Logistics Network Optimization Software Resource Reduction 120

Precoro

NOVEMBER 13, 2023

Financial efficiency, cost savings, and profitability undoubtedly fall under the main priorities of upper management, regardless of a company’s industry. However, only 30% of CPOs claim they have achieved their cost-saving targets in 2023. Why Is Purchase Price Variance Important?

Purchasing Skills 84

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 84

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. Strategic Supply Spend.

Purchasing Skills 90

Purchasing Skills Manufacturing Procurement Procurement Analytics Procurement Solutions 90

Supply Chain Game Changer

JANUARY 5, 2021

Purchase Price Variance, or PPV, is a common term in the realm of Purchasing/Procurement and Finance. For some, PPV is a mechanical metric only, measured and reported on but without any further attention paid to it. What exactly is PPV, how can it be managed, and what is the strategic value of investing time and energy in this metric?

Pricing Training 82

Pricing Training Purchasing Skills Purchasing Training Negotiating Skills 82

SCMDOJO

OCTOBER 7, 2024

However, the game-changer is how Cost Efficiency and Cost Effectiveness play their role in the supply chain. In addition, management commitment, and continuous improvement that includes process optimization, digitalization, supplier negotiation, and customer feedback can reap the rewards. What is Cost Efficiency?

Sourcing Strategies 68

Sourcing Strategies Negotiating Skills Cost Reduction Strategies Optimal Sourcing 68

SCMDOJO

OCTOBER 30, 2024

As businesses strive to enhance efficiency, resilience, and sustainability, the demand for skilled supply chain professionals has never been higher. This blog explores how MTSS platforms can be strategically utilized to build the competencies necessary for success in supply chain management.

Supply Chain Planning Software 82

Supply Chain Planning Software Analytics Software Forecasting Software Predictive Analytics Software 82

Logistics Bureau

SEPTEMBER 4, 2023

Have you conducted a cost-to-serve (CTS) analysis for your enterprise? And that is the sole purpose of cost-to-serve analysis. If you were going to say, “What is a cost-to-serve analysis?” When costs begin to spiral out of control, the result is usually a loss of revenue in proportion to sales.

Negotiating Skills 85

Negotiating Skills Purchasing Skills Cost Reduction Strategies Analysis 85

Talking Logistics

FEBRUARY 21, 2014

A lot has changed since then, especially the lift ticket prices. The good news is that the lift ticket price for kids 5 and younger was only $5. According to the product sheet , “Oracle Global Trade Intelligence provides a dashboard view into the unique metrics by which your customs and compliance operation measures success.

Negotiating Skills 177

Negotiating Skills Logistics Network Optimization Software Price Reduction Waste Reduction 177

GlobalTranz

OCTOBER 21, 2015

The more KPIs, the more difficult the negotiation process. All KPIS have metrics to measure. Cost Reduction is another major goal. As the two partners implement Continuous Improvement or Kaizen cost reduction will follow. 3PL/SLA Skills/Knowledge. All KPIS have a target percentage to meet.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

Supply Chain Shaman

DECEMBER 4, 2018

For the past five years, the team at Supply Chain Insights identified Supply Chains to Admire Award Winners by analyzing performance by peer group on the key metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC). The Beginning of the Journey: Strategize, Centralize, and Re-footprint.

Supply Chain Software 30

Supply Chain Software Case Study Supply Chain Planning Software Supply Chain Design Software 30

GlobalTranz

AUGUST 9, 2016

The are the 8 Rights of Lean Transportation thinking: Right Materials, Right Quantity, Right time, Right Place, Right Source, Right Price, Right Quantity, and. All transportation is not waste and transportation can be used as a strategic differentiator. Focus on how transportation could be your strategic differentiator in the industry.

Waste Reduction 120

Waste Reduction Agile and Lean Supply Chain Lean Cost Reduction Strategies 120

Jaggaer

OCTOBER 24, 2024

Maximizing Cost Savings Through Strategic Supplier Collaboration With the growing emphasis on long-term value creation, Chief Procurement Officers are increasingly turning to supplier collaboration as a cornerstone of cost reduction.

Negotiating Skills 52

Negotiating Skills Cost Reduction Strategies Material Savings Negotiate Pricing 52

ivalua

AUGUST 17, 2021

Capturing Value occurs when a contract has been established that governs the responsibilities and obligations of both supplier and buyer, and well as when the organization has the right Procure-to-Pay processes in place to ensure compliance to those agreements, goods, services and prices. . This includes staffing, office costs etc.

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 130

Logistics Bureau

APRIL 4, 2022

Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. So how can you be sure you’re getting the best freight rates possible?

Benchmarking 78

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 78

Silvon Software

APRIL 19, 2022

Procurement is one core process area being focused to better manage today’s fluctuating change, with key performance metrics leading the way to assessing and managing procurement performance. Purchase Price Variance – Purchase price variance helps to ensure that purchase prices are not trending upward.

Optimal Sourcing 124

Optimal Sourcing Procurement Analytics Manufacturing Procurement Negotiate Pricing 124