ivalua

JUNE 29, 2021

Enabling rapid, cost-effective and transparent supplier payments anywhere in the world. Redwood City, CA, June 30, 2021 – Ivalua, a global leader in Cloud Spend Management solutions, announces an extension of its source-to-pay platform with a new payments solution to digitize and streamline global supplier payments.

Negotiate Pricing 130

Negotiate Pricing Optimal Sourcing Sourcing Strategies Negotiating Skills 130

SCMDOJO

JULY 28, 2022

However, when you buy something, you may not always know all the suppliers that offer a particular product. Then the Supplier registration form comes in handy. This means that every time you host a sourcing event, the same suppliers bid on the same products at the same prices. What is Supplier Registration?

Negotiate Pricing 124

Negotiate Pricing Purchasing Skills Procurement Solutions Negotiating Skills 124

ivalua

JANUARY 29, 2020

For the vast majority of organisations, suppliers must play their part when it comes to agile business and speed to market. That requires extraordinary work internally and co-ordination with key suppliers. The related objective for that firm is that no less than 70% of those new products should come from supplier-generated ideas. .

Negotiating Skills 164

Negotiating Skills Negotiate Pricing Optimal Sourcing Procurement 164

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

FEBRUARY 18, 2021

Re-implement demand planning, trade promotion management, and revenue/price management together to improve the baseline demand signal. The focus of the transportation suites was on cost mitigation and price negotiation. Air expediting took on a new meaning in January, with air capacity down 18% and escalating prices.

Supply Chain Planning Software 285

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 285

Supply Chain Shaman

NOVEMBER 15, 2021

We Assumed that Transportation Would Always Be Available And That We Just Needed to Negotiate Price. Without any penalties for failure for first-pass tender acceptance, carriers and shippers have played a shell game on price. Only 29% of companies have active supplier development groups. What Should We Do.

Supply Chain Design Software 285

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

Silvon Software

APRIL 19, 2022

Supplier KPIs. Managing supplier performance can help procurement leaders focus their resources on value-added activities, instead of addressing the problems caused by supplier performance like defects, rush, excessive inventory, delayed delivery to customers, shutdowns, etc.

Optimal Sourcing 124

Optimal Sourcing Procurement Analytics Manufacturing Procurement Negotiate Pricing 124

Supply Chain Shaman

JUNE 29, 2022

The automotive industries–with the poorest capabilities to plan and manage suppliers–will suffer the most. The answers lie in investments in supplier development teams, the simplification of the bill of materials and product platforms, and analytics to forecast requirements based on consumption. What to do? Conclusion.

Supply Chain Design Software 259

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

Unleashed

MARCH 28, 2021

Supplier relationship management is often referred to as the B2B equivalent of customer relationship management. We’ll define this crucial management concept and explain how you can implement and improve supplier relationship management to leverage business success. What is supplier relationship management?

Negotiate Pricing 111

Negotiate Pricing Cost Reduction Strategies Price Reduction Optimal Sourcing 111

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

Kodiak Hub

NOVEMBER 25, 2021

Some buyers and suppliers have relationships where one party, or both parties, genuinely believe that the other party doesn’t care about their business relationship. ??Responding as a prospective supplier?—?during She continued by responding, “you’d be surprised how little some suppliers care to engage and respond. ”It

Negotiate Pricing 98

Negotiate Pricing Vendor Strategies Buyer Training Negotiating Skills 98

ivalua

SEPTEMBER 10, 2019

2 Supplier count – How many suppliers you have for different spend categories reflects your overall procurement health. Too many suppliers in one category may mean it’s time to simplify or negotiate better pricing with fewer vendors. On the other hand, relying on a limited number of suppliers introduces risk.

Metrics 140

Metrics Negotiate Pricing Supply Chain Software Benchmarking 140

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

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

Supply Chain Movement

MARCH 16, 2022

For an professional wholesaler, key KPIs like the service levels towards its customers, the service levels of its suppliers, the turnover of its inventory and the potential overstock should be in balance. This efficiency leaves buyers more time to negotiate prices and volumes, making their job more exciting, more fun, and more important.

Supply Chain Planning Software 148

Supply Chain Planning Software Forecasting Software Demand Planning Software Optimization Software 148

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

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

ivalua

APRIL 6, 2021

Contract lifecycle management is the management of a company’s end-to-end contracting process with its suppliers, customers and other third parties. If you think about it, a contract is the only document that formalizes a relationship between a buyer and a supplier. Why is it Important to Manage Contracts?

Negotiate Pricing 130

Negotiate Pricing Negotiating Skills Supply Chain Software Analytics Software 130

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 Manufacturing Procurement Material Savings 95

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

My Office Apps

DECEMBER 7, 2023

Building Strong Relationships with Suppliers: Efficient procurement goes beyond just placing orders. It involves building and managing strong relationships with suppliers. IMS facilitates this by providing comprehensive supplier databases, performance tracking, and communication tools.

Inventory Reduction 105

Inventory Reduction Inventory Management Software Cost Reduction Strategies Optimal Sourcing 105

Precoro

JULY 1, 2024

Many SMBs feel disadvantaged because they have little leverage in negotiations with suppliers or vendors and can’t secure discounts due to low order volumes. Small companies may also lack the resources to create a dedicated procurement team for proper sourcing and supplier vetting.

Purchasing Skills 85

Purchasing Skills Procurement Solutions Procurement Analytics Negotiate Pricing 85

QAD

APRIL 7, 2022

Manufacturers must ensure that the materials they use meet the required quality specifications, that they arrive on time, and that they pay a reasonable price. Procurement pros are required to purchase necessary materials of the correct quality, at a reasonable price, and to have them delivered on time. Basic Responsibilities.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Negotiate Pricing Purchasing Skills 98

ToolsGroup

OCTOBER 14, 2024

Streamlined Lead Times: Improved procurement efficiency potentially resulting in cost savings from optimized shipping arrangements and favorable supplier terms. Strengthened Supplier Relationships: Utilization of enhanced demand forecasting to negotiate more advantageous pricing and terms with suppliers.

Inventory Reduction 156

Inventory Reduction Negotiating Skills Optimal Sourcing Cost Reduction Strategies 156

Logistics Viewpoints

MAY 6, 2022

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. The Czinger 21C costs $1.7 million, not including any add-ons. And now on to this week’s logistics news.

Logistics Network Optimization Software 245

Logistics Network Optimization Software Negotiating Skills Manufacturing Procurement Negotiate Pricing 245

Supply Chain Shaman

NOVEMBER 15, 2021

We Assumed that Transportation Would Always Be Available And That We Just Needed to Negotiate Price. Without any penalties for failure for first-pass tender acceptance, carriers and shippers have played a shell game on price. Only 29% of companies have active supplier development groups. What Should We Do.

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

We Assumed that Transportation Would Always Be Available And That We Just Needed to Negotiate Price. Without any penalties for failure for first-pass tender acceptance, carriers and shippers have played a shell game on price. Only 29% of companies have active supplier development groups. What Should We Do.

Supply Chain Design Software 195

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

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. As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased.

Negotiating Skills 84

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 84

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. Most contracts that are negotiated with suppliers are not actively used in the management of the supply chain. Collaborative logistics. Mining of Quality Data.

Supply and Demand 236

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

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. Supplier development. Supplier selection. Supplier relationships. Negotiations. The Three Main Supply Chain Functions. Scorecards.

Supply Chain Design Software 130

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

Taulia

JULY 21, 2022

The supply chain activities involved in the procurement process , from sourcing the right suppliers to taking delivery of materials and products, are vital to the overall health of any business. That makes the performance of suppliers in your supply chain a large factor in optimizing the effectiveness of your broader operational strategy.

Negotiate Pricing 75

Negotiate Pricing Supplier Management Optimal Sourcing Procurement Analytics 75

ivalua

FEBRUARY 27, 2023

Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Solutions Purchasing Skills 130

ThroughPut

MAY 9, 2024

Mounting supplier and consumer demands, rapidly climbing prices, and unexpected bottlenecks are causing reduced capacities and network changes. End-to-End Visibility This provides you the power to track SKUs in real time – from supplier to plant to store – via deceptively easy-to-understand graphs.

Negotiate Pricing 52

Negotiate Pricing Negotiating Skills Optimal Sourcing Supply Chain Planning Software 52

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

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

SCMDOJO

DECEMBER 14, 2023

These agencies are experts at finding good suppliers, talking about fair deals, and making sure everything gets to where it needs to be. Task-Specific Services: Primarily involved in tasks like supplier identification, negotiation, and quality control. It makes the job of getting goods and services easier.

Purchasing Skills 87

Purchasing Skills Optimal Sourcing Negotiating Skills Sourcing Strategies 87

GlobalTranz

SEPTEMBER 12, 2016

The answer is closely linked with how a company markets and contacts suppliers and vendors, reports Srikanth Pinagali. Ultimately, these raw materials must be obtained from suppliers and transported to the factory. Ultimately, the terms and conditions are laid out during contract negotiation.

Manufacturing Procurement 120

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 120