SCMDOJO

MARCH 12, 2025

Introduction Negotiation is at the heart of supply chain management. Richard Todd , a negotiation expert describes a successful negotiation as one that requires understanding not just what is needed from a supplier but also what the supplier needs from us.

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SCMDOJO

JANUARY 9, 2025

Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Strategic Sourcing: The Foundation of Effective Procurement Strategic sourcing is far more than simply choosing suppliers. Done well, it can become a key driver of competitive advantage.

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Optimal Sourcing Manufacturing Procurement Procurement Solutions Negotiating Skills 98

SCMDOJO

DECEMBER 29, 2024

Dive into our curated list of the top 12 blogs from 2024 that will elevate your supply chain knowledge and give you a competitive edge. However, it covers key differences between purchasing and procurement, explores common contract types, and emphasizes the importance of strategic sourcing, supplier relationships, and risk management.

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Supply Chain Matters

OCTOBER 10, 2024

It has been 27 days since workers represented by the IAM labor union rejected a prior tentative contract offer that had been negotiated. John Holden, the lead negotiator representing IAM in these contract talks, indicated to Reuters that striking workers were prepared to wait out the plane maker.

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Negotiating Skills Buyer Training Manufacturing Procurement Expense Reduction 52

Procurement Academy

FEBRUARY 13, 2025

Increased globalization, constant digital transformation, and ever-evolving consumer demands have led to a situation where traditional supply chain skills are simply no longer enough for success. There is now a pressing need for supply chain professionals to acquire and develop new skills that are better suited to modern organizations.

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Jaggaer

FEBRUARY 5, 2025

What Is Strategic Sourcing? A Complete Guide Strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. It is called strategic because it replaces traditional ad hoc approaches to sourcing, which were almost entirely focused on cost savings, item by item.

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Logistics Viewpoints

MARCH 3, 2025

Knowledge Graphs are emerging as an important tool for building advanced AI capabilities. These agents can communicate, negotiate, and collaborate to solve complex problems. This, Mr. Al Syed said, is key in moving from an incremental application ROI to bigger, more strategic forms of value creation. Data governance is critical.

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The Logistics & Supply Chain Management Society

MAY 15, 2023

Leveraging Your Bargaining Power in Logistics Service Provider Negotiations by LSCMS Shippers’ Council The logistics industry is a complex and constantly evolving ecosystem that plays a vital role in the global economy. Shippers have until quite recently been faced with a daunting challenge when it comes to negotiating with LSPs.

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ivalua

FEBRUARY 10, 2023

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. Let’s explore further.

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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.

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Procurement Academy

FEBRUARY 4, 2025

Modern procurement professionals need to be among some of the most highly skilled workers in any organization, and we want to help you identify exactly what essential procurement skills you need to lead your team as the industry continues to grow and evolve.

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Negotiating Skills Purchasing Skills Buyer Training Optimal Sourcing 59

Precoro

DECEMBER 24, 2024

While procurement teams have long worked to add strategic value, Artificial Intelligence (AI) amplifies their impact. For example, AI can spot recurring or unnecessary costs, detect maverick spending (when employees purchase outside of approved channels), and identify opportunities for cost savings based on historical spending patterns.

Price Reduction 97

Price Reduction Sourcing Strategies Cost Reduction Strategies Expense Reduction 97

ToolsGroup

FEBRUARY 8, 2021

As a professional, securing your place in any supply chain organization entails developing the supply chain skills needed to ride this global wave into supply chain digital transformation. In organizations involved with supply chains, greater sustainability also means lowering the total cost of ownership (TOC). Soft Skills.

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SCMDOJO

DECEMBER 29, 2024

SCMDOJO Academy elevates your procurement and supply chain skills through its extensive course library. Continuous learning is crucial for professionals to stay ahead of the curve and enhance their skill sets. SCMDOJO offers a diverse range of courses to cater to various learning needs. Here are 10 of their top-rated courses: 1.

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Optimal Sourcing Course Negotiating Skills Purchasing Skills 98

Freightos

AUGUST 10, 2024

Like many, I envisioned substantial cost savings and productivity boosts for the logistics industry, which is often hampered by non-standardized formats and requires high adaptability. In logistics, the cost of an error or exception is always where problems start to balloon. Again, this takes careful and meticulous training.

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Logistics Network Optimization Software Modeling Software Supply Chain Planning Software Negotiating Skills 268

Jaggaer

FEBRUARY 5, 2025

Strategic Sourcing Success: Best Practices and Key Strategies Of course, there are many definition s of source-to-pay but put simply, strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. How Has Strategic Sourcing Evolved?

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DELMIA Quintiq

NOVEMBER 17, 2020

Supply chain optimization is essential to achieve this and can help tire manufacturing companies deliver significant reductions in supply chain costs and improvements in service levels. Accomplish operational excellence and higher production quality while reducing costs, leveraging Manufacturing Operations Management (MOM).

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The Logistics of Logistics

MARCH 29, 2023

Matt is the VP of Strategic Partnerships with Greenscreens.ai , a technology that provides predictive pricing recommendations for maximum broker margins. About Matt Silver Matt Silver is the VP of Strategic Partnerships with Greenscreens.ai. Pricing that is more accurate and more likely to win profitable business.

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Negotiating Skills Logistics Network Optimization Software Predictive Analytics Software Supply Chain Network Software 246

Jaggaer

FEBRUARY 5, 2025

Strategic Sourcing Simplified: Best Practices for Maximizing Value Strategic sourcing goes beyond cost savings its about making informed decisions that drive long-term value. Since reverse auctions focus heavily on price competitiveness, this can be easily done with sourcing software tools.

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The Logistics of Logistics

APRIL 24, 2023

Nick is Co-founder of Sync Logistics Training is a joint venture between Metafora + Kinetic, a Learning Management Software that gives brokerages the power to transfer years of industry knowledge to new hire employees in an engaging and effective platform. Increase speed of knowledge transfer through engagement.

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Negotiating Skills Logistics Network Optimization Software Supply Chain Design Software Pricing Training 246

Logistics Viewpoints

JULY 8, 2024

In the first year after Uber negotiated new rates, KRONOS saved close to 20% on transportation. The post KRONOS Worldwide Improves Service and Reduces Costs with Managed Trans appeared first on Logistics Viewpoints. In the following years, savings ranged from 4-5%.

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Logistics Viewpoints

MARCH 24, 2022

Retailers also took steps to contain costs and preserve margins as they reoriented toward e-commerce like never before, including putting solutions in place to more effectively navigate carrier capacity caps and improve the visibility, accessibility, and mobility of inventory. More to give the organization.

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The Logistics of Logistics

AUGUST 21, 2023

Richard is Vice President of Strategic Accounts at Intelligent Audit , a cutting-edge logistics and supply chain technology company, dedicated to revolutionizing how businesses manage their shipping and transportation processes. Greenscreens.ai’s dynamic pricing infrastructure built to grow and protect margins. The Greenscreens.ai

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Freightos

JANUARY 15, 2024

The implication for global freight beyond the now typical uncertainty is predictably elevated operational costs and soaring freight rates. It may be off a lower-than-normal base price but for importers and exporters suffering from lower sales, it’s almost certainly troubling news.

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Logistics Bureau

JANUARY 7, 2025

Think of volume leverage like having a stronger negotiating position when you’re dealing with larger quantities. Here’s where it gets interesting – volume leverage isn’t just about getting better prices (though that’s certainly part of it).

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The Logistics of Logistics

JULY 12, 2023

He is skilled in building and leading high-performing teams that thrive on inclusion, collaboration, and engagement. Corey is also proficient in product development and management, successful contract negotiations, continuous improvements, emerging technologies, and cultivating key relationships and partnerships.

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SCMDOJO

FEBRUARY 26, 2025

Introduction As global supply chains evolve, ensuring cost efficiency is crucial. One way to assess the cost performance of any function within the supply chain is through Cost Performance Index (CPI). What contexts can it be used in and how, as well as the benefits of using cost performance index in supply chain contexts.

Negotiating Skills 52

Negotiating Skills Optimal Sourcing Negotiate Pricing Cost Reduction Strategies 52

SCMDOJO

FEBRUARY 5, 2025

The world of procurement is constantly evolving, demanding professionals with the right skills and knowledge. Comprehensive Curriculum: MCIPS covers a broad spectrum of topics, from procurement principles and strategies to contract management, negotiation, and ethical considerations.

Negotiating Skills 59

Negotiating Skills Procurement Solutions Optimal Sourcing Purchasing Skills 59

SCMDOJO

JANUARY 29, 2025

Supply chain reports are data-driven documents that provide key metrics and insights into various aspects of your supply chain, including: Inventory Levels Tracking stock levels in real-time to ensure adequate inventory to meet demand while minimizing holding costs. truck, rail, air, sea) to identify the most cost-effective options.

Inventory Reduction 98

Inventory Reduction Negotiating Skills Waste Reduction Cost Reduction Strategies 98

Procurement Academy

FEBRUARY 11, 2025

Resolving these issues can require extremely delicate negotiation, or even litigation if necessary. These training programs can give your employees a deep knowledge and understanding of any relevant legal frameworks and industry-specific regulations that they need.

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Pricing Training Buyer Training Purchasing Training Negotiating Skills 52

Freightos

SEPTEMBER 6, 2023

Judah Levine September 6, 2023 Unbox your Freight knowledge. Visit our Resource Center Weekly highlights Ocean rates – Freightos Baltic Index : Asia-US West Coast prices (FBX01 Weekly) decreased 5% to $1,927/FEU. Asia-US East Coast prices (FBX03 Weekly) were level at $3,079/FEU. Europe weekly prices increased 5% to $3.05/kg.

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GlobalTranz

AUGUST 18, 2021

That includes analysis of current operations, costs by mode, performance and benchmarking of existing partnerships. The blending of both new and existing resources supports transparency and offers financial and strategic advantages to shippers and the solutions provided through the logistics transportation service. . Learn More.

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Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Optimization Software 309

Precoro

NOVEMBER 11, 2024

This team controls what’s bought, from where, and at what cost for the entire organization. These benefits aren’t just about lower prices; they’re also about reducing transportation and inventory costs, which can really add up over time. They also continuously track supplier performance.

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The Logistics of Logistics

SEPTEMBER 11, 2023

About FRAYT FRAYT is a nationwide, on-demand, last mile delivery solution that offers businesses an automated web, mobile app, and advanced API platform to efficiently and cost-effectively move their products. Greenscreens.ai’s dynamic pricing infrastructure built to grow and protect margins. The Greenscreens.ai

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Logistics Viewpoints

MARCH 3, 2021

Many shippers are tough negotiators who work diligently to drive down carrier rates. While rates and costs are top of mind, sourcing and capturing capacity is the first priority in many industries.” In short, partners that can help shippers capture capacity have become more “strategic.”. Managed Trans is Strategic.

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Logistics Network Optimization Software Negotiating Skills Negotiate Pricing Report 269

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 261

Supply Chain Planning Software Inventory Management Software Analytics Software Forecasting Software 261

Jaggaer

FEBRUARY 5, 2025

Complete Source to Pay cycle and Strategic Sourcing Guide An optimized Source-to-Pay (S2P) process helps businesses enhance procurement efficiency, reduce costs, and improve supplier collaboration. Strategic sourcing plays a critical role in this transformation, ensuring organizations secure the best value while mitigating risk.

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