ivalua

MARCH 9, 2023

The Source-to-Pay process itself is quite broad but it covers most if not all the aspects of a procurement organization, at least from a process and technology perspective. S2P is the end-to-end process that encompasses all the activities between an organization and its suppliers.

Optimal Sourcing 130

Optimal Sourcing Purchasing Skills Sourcing Strategies Sourcing 130

Exiger Perspectives

OCTOBER 31, 2024

How is AI changing supply chain risk management , and what does it mean for the future? These questions were part of a recent discussion featuring Exiger CEO Brandon Daniels about AI impacts on supply chains. Arjun Mehta: How is AI impacting supply chain risk management?

Supply Chain Risk Management 52

Supply Chain Risk Management Supply Chain Planning Software Risk Management Supply Chain Software 52

SCMDOJO

OCTOBER 7, 2024

The Global Supply Chain is thriving with each passing day. However, the game-changer is how Cost Efficiency and Cost Effectiveness play their role in the supply chain. Businesses should adopt a strategic approach and make decisions by considering how cost-effective vs efficient throughout the supply chain.

Sourcing Strategies 52

Sourcing Strategies Negotiating Skills Cost Reduction Strategies Optimal Sourcing 52

SCMDOJO

JANUARY 17, 2024

Managing the supply chain involves the delicate art of aligning your product supply precisely with customer demand. That is to say, there isn’t one single career in supply chain management. That is to say, there isn’t one single career in supply chain management. Planners do exactly that.

Purchasing Skills 98

Purchasing Skills Negotiating Skills Optimal Sourcing Manufacturing Procurement 98

Taulia

JUNE 12, 2023

Blog Expert Advice 8 min read 12 Jun 2023 By Taulia Share: Share via linkedin Share via twitter Share via facebook Share via email Copied Copy page URL to clipboard 10 supply chain KPIs and metrics to track We’ve listed the 10 top supply chain KPIs you can use to measure your supply chain performance and find opportunities for optimization.

Procurement Analytics 52

Procurement Analytics Metrics Supply Chain Software Inventory Reduction 52

EC Sourcing Group

JUNE 14, 2022

Spend analysis in procurement has always been an imperative, playing a vital role both in procurement management and the supply chain. Spend analysis technology” and “ spend analysis software” are parallel terms, and automates the entire spending analysis system. So, what is it ? Risk Management.

Analysis 52

Analysis Forecasting Software Vendor Strategies Analytics Software 52

ivalua

OCTOBER 8, 2021

During the pandemic, Procurement flexed its muscle, helping to mitigate supply chain disruptions and enable new channels for engaging with customers and fulfilling orders. Do they invest in automation and technology to enhance data-sharing between channels for a seamless omnichannel journey? Rethink What’s Normal.

Optimal Sourcing 130

Optimal Sourcing Material Savings Procurement Analytics Procurement Solutions 130

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

Precoro

MAY 22, 2023

In today’s fast-paced corporate world, it's difficult to overstate the significant role that technology plays in the success of many organizations. Strong companies depend on a range of hardware and software solutions to support key business processes like customer service, financial management, and supply chain operations.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

EC Sourcing Group

MAY 17, 2023

Accurate classification of products, services, and suppliers forms the foundation for improved decision-making, cost optimization, and enhanced supply chain management. In this blog post, we’ll explore the significance of spend classification in eSourcing and its vital connection to eSourcing technology platforms.

Optimal Sourcing 52

Optimal Sourcing Negotiating Skills Negotiate Pricing Sourcing Strategies 52

Precoro

DECEMBER 11, 2023

Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation. To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing.

Negotiating Skills 83

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 83

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 223

Case Study Manufacturing Procurement Study Procurement 223

Procurement Academy

NOVEMBER 17, 2022

In our experience of working with supply chain and procurement organizations around the world, there are three things every organization can do to ensure training not only sticks but becomes a way of work. Tie training to objectives. Carve out time for one-on-ones between learners and managers.

Buyer Training 96

Buyer Training Purchasing Training Price Mitigation Strategies Training 96

Unleashed

SEPTEMBER 20, 2023

A low MOQ means a supplier or manufacturer is able to offer smaller batches of its product to customers while still able to make a good enough a profit margin on that batch to make it worth the time, cost, and effort to produce. MOQ meaning in supply chain MOQs play an important role in manufacturing and supply chain management.

Manufacturing Procurement 52

Manufacturing Procurement Negotiating Skills Optimal Sourcing Purchasing Skills 52

Requis

SEPTEMBER 7, 2023

This is essential for managing equipment flow, selecting suppliers, negotiating contracts, and mitigating risks. Data has long been a problem for procurement, with 97% of Dun and Bradstreet survey respondents indicating that supplier data management is an area of struggle for their teams.

Optimal Sourcing 59

Optimal Sourcing Analytics Software Procurement Analytics 59

6 River Systems

JUNE 24, 2019

Supply chain management is the process of organizing and overseeing supply chain activities with the goal of achieving (or maintaining) a competitive advantage. The heart of a company’s operations, supply chain management deals with every process from the acquisition of raw materials through the final product.

Supply Chain Planning Software 40

Supply Chain Planning Software Optimal Sourcing Supply Chain Software Supply Chain Optimization 40

Unleashed

JANUARY 8, 2024

We’ll also explore project procurement management and the relationship between procurement and supply chain management. Procurement management refers to the tasks and activities undertaken to plan, negotiate, source, and then purchase the goods and services your business needs to operate. What does a procurement manager do?

Procurement Solutions 52

Procurement Solutions Pricing Training Purchasing Skills Negotiating Skills 52

LevaData

JANUARY 20, 2022

More specifically: how should the procurement industry respond to inflation caused by supply chain challenges and labor shortages ? Given the current state of the supply chain, many suppliers will view this as an opportunity to justify price increases that are, well…unjustified. Some Shocking Numbers.

Negotiate Pricing 75

Negotiate Pricing Optimal Sourcing Negotiating Skills Supply Chain Design Software 75

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

Unleashed

AUGUST 28, 2023

There are several ways to minimise the cost of sales, including: Automate your manual processes Reduce wasteful activities Remove unnecessary product features Negotiate with suppliers for better pricing Optimise your inventory management Improve your warehouse logistics Invest in the growth of your employees Let’s break these down.

Purchasing Skills 52

Purchasing Skills Negotiating Skills Cost Reduction Strategies Examples 52

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

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

OptiProERP

MAY 18, 2023

The procurement process can be complex, involving various steps such as identifying the need for the goods, researching potential suppliers, negotiating contracts, and managing inventory. Also Read: Learn How Procurement Automation Reduces Costs and Delivery Times. Steps of the Procurement Process 1.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

Unleashed

NOVEMBER 28, 2022

In this strategy, replenishment is automated based on minimum and maximum stock levels. This strategy allows for better supply chain planning, proactive replenishment, and maximised sales revenue. To best benefit your business, you must procure and manage suppliers that are a great fit for your business.

Inventory Reduction 98

Inventory Reduction Material Savings Cost Reduction Strategies Resource Reduction 98

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

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.), The primary purpose of the total cost approach is to direct decision-making processes towards solutions that achieve a global optimum in the supply chain.

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

RELEX Solutions

MAY 12, 2017

I tend to divide technology companies into two groups. And then there are those whose starting point is a problem and who then develop a piece of technology to solve it. On Monday I spent the day at RBTE, the Retail Business Technology Expo , and there was a wide selection from both camps on display. I’ve worked with both.

Supply Chain Planning Software 28

Supply Chain Planning Software Forecasting Software Supply Chain Software Demand Planning Software 28

Supply Chain Game Changer

NOVEMBER 24, 2018

Check out What Exactly Is Supply Chain Management? Within the overarching Procure-To-Pay Cycle, the steps specifically related to purchasing are: Purchase Order Acknowledgement, Advance Shipment Notice, Goods Receipt, Invoice Recording, 3 Way Match, Payment to Supplier” [link]. Subscribe Here! Email Address.

Procurement Analytics 62

Procurement Analytics Purchasing Skills Optimal Sourcing Negotiating Skills 62

Precoro

AUGUST 26, 2021

These processes step in when you have to buy materials for the products you sell, office supplies or consulting services, for example — basically, anything your business needs to achieve its goals. Procurement managers are also tasked with finding suitable suppliers, ensuring contract compliance, and mitigating supply chain risks.

Pricing Training 91

Pricing Training Procurement Solutions Procurement Analytics Purchasing Training 91

Precoro

DECEMBER 18, 2023

Thus, effective supply chain management demands seamless cooperation among various stakeholders and departments. The medical institution can set up supplier and item catalogs within the system to avoid manual data entry.

Procurement Solutions 59

Procurement Solutions Optimal Sourcing Procurement Analytics Procurement 59

KEPLER Consulting

SEPTEMBER 3, 2019

By outsourcing this process to a global team, with resources where the suppliers are located, the client can focus on keeping the lines running.?. Supplier Negotiation. When it comes to managing suppliers, our clients often have too many of them to consistently maintain contact with. KEPLER's business case.

Negotiating Skills 56

Negotiating Skills Optimal Sourcing Sourcing Strategies Resource Reduction 56

Claritum

NOVEMBER 28, 2016

30% Cost control and supplier negotiations. Technology gaps. Supply chain and logistics constitute almost £3 trillion in “value at stake: the combination of increased costs that [as a result of digital innovations] will migrate among companies and industries from 2013 to 2022. Mobile Technologies.

Optimal Sourcing 50

Optimal Sourcing Cost Reduction Strategies Vendor Strategies Procurement 50

Supply Chain View from the Field

JUNE 5, 2013

During the discussion, we spent a good deal of time discussing should-cost analysis as a tool to drive supplier negotiations, and establish a basis for building long-term contracts. Supply Chain Management' You’ll be surprised how accurate it can be!

Negotiate Pricing 68

Negotiate Pricing Negotiating Skills Cost Reduction Strategies Analytics Software 68

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

RELEX Solutions

MARCH 21, 2018

It also has an impact on handling, storage, and wastage costs in stores and in other parts of the supply chain. When RELEX set out to change the way retailers ordered and managed replenishment back in 2005 few companies automated their ordering. An automated replenishment system never stops working. Higher service levels.

Optimization Software 28

Optimization Software Supply Chain Optimization Price Mitigation Strategies Supply Chain Planning Software 28