Procurement Tactics

MARCH 27, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Supply Chain Forecasting — Everything You Should Know Supply chain forecasting is about making predictions from both past and present information. What is Supply Chain Forecasting?

supply chain budgeting 192

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 192

SCMDOJO

AUGUST 16, 2023

Among these strategies, the role of supply chain capability stands out as a key factor in driving success. A well-optimized supply chain not only ensures efficient delivery and cost-effectiveness but also provides companies with a competitive advantage in the market.

Supply Chain Efficiency 74

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 74

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.

Price 264

Price Strategy Sourcing Real-time Visibility 264

Skill Dynamics

OCTOBER 19, 2023

This leads to professional growth and supply chain efficiency – just two benefits of role-based training , of which there are many more. Elevating Procurement Excellence Through Targeted Training Role-based procurement training is ideal because procurement and supply chain roles often come with role-specific challenges.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 52

Una

APRIL 13, 2023

Pain Points in Procurement Series Moving Supplier Relationships from Transactional to Strategic Tips for shifting your supplier relationships from transactional to strategic in an effort produce more cost-saving ideas and value. Transactional versus strategic supplier relationships See the difference? Do you enjoy steak?

Suppliers 98

Suppliers Supplier relationship management Agile and Lean Supply Chain Supply Chain Optimization 98

SCMDOJO

APRIL 4, 2023

If you’re in the business world, you’re probably always looking for ways to streamline your supply chain operations. Luckily, supply chain analytics is here to help! But like any new technology, there are hurdles to overcome when implementing supply chain analytics.

Supply Chain Analytics 110

Supply Chain Analytics Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 110

SCMDOJO

NOVEMBER 17, 2023

In this blog, explore vital tips paving the way for a prosperous career in supply chain management. Whether you’re a recent graduate or contemplating a career change, uncover key insights for establishing the groundwork of a thriving career in the dynamic world of supply chain. Lucky for you.

Agile and Lean Supply Chain 70

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 70

Procurement Tactics

MARCH 16, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Strategic Procurement — Everything You Should Know Strategic procurement allows businesses to meet the demand of the current procurement landscape by making sense of the data and automating the procurement process.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

Procurement Tactics

AUGUST 25, 2022

Sebastian Chua started his procurement journey with Hewlett Packard/Agilent Technologies as their country manager for Singapore, India, Thailand, and the Philippines before he took on the job as the regional procurement manager. . Furthermore, He was voted by Supply Chain Digital as one of the top 10 procurement executives worldwide.

Procurement 231

Procurement Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 231

SCMDOJO

AUGUST 21, 2023

Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supply chain!” In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. Discover the Top 10 TikTokers reshaping how you view supply chains.

Supply Chain Optimization 97

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 97

Zycus Cognitive Procurement

DECEMBER 15, 2022

As we are coming to the end of the year, procurement and supply chain leaders across industries initiate their annual strategic planning process for the next year. We have shortlisted 7 C ritical T rends that will help supply chain leaders and practitioners to build a strategic blueprint for 2023 and beyond.

Supply chain management 52

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 52

Procurement Leaders

DECEMBER 9, 2022

With operations all over the world, and sourcing offices in Denmark, North America and China, its supply chain is exposed to a huge scope of complex challenges, across categories of spend including agriculture, chemicals, and enzymes, among others. Finally, we work extremely closely with suppliers to reduce the impact of inflation.

Collaboration 162

Collaboration Supply Chain Efficiency Raw materials Supplier relationship management 162

Procurement Tactics

JUNE 28, 2023

Negotiation Course Learn from industry experts who negotiated billion $ deals 2. It typically looks for details such as supplier information, item descriptions, quantities, prices, or arrival dates. Supplier Performance The quality, timeliness, and adherence to contractual commitments of suppliers shall be monitored.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

ivalua

NOVEMBER 23, 2020

Healthcare Procurement: Why the Healthcare Industry Needs to Modernize Supply Chains to Meet Today’s Challenges. In return for a relatively modest membership fee, which typically ranges from 1 to 3 percent of their negotiated contract size, hospitals and healthcare systems using GPOs save an average of 13.1

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply chain Procurement Supply 130

Empowering CPO

JUNE 30, 2023

Introduction In the dynamic world of business, the ability to effectively manage and optimize supply chains has emerged as a critical success factor. The aim is not only to streamline operations but also to extract maximum value from every link in the supply chain. But what exactly does it entail?

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 52

Una

JUNE 8, 2023

What Makes a Supplier Strategic? Explore what makes a supplier strategic, learn why it matters, and how you can get noticed by supplier partners that are critical to your business. What makes a supplier strategic - and why does it matter? Will production or productivity grind to a halt if you suddenly lose that supplier?

Suppliers 52

Suppliers Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 52

Arkestro

OCTOBER 10, 2023

Resources / Blog / AI Revolution in Oil and Gas Procurement: Streamlining Operations for Success AI Revolution in Oil and Gas Procurement: Streamlining Operations for Success The COVID-19 pandemic forced countless industries to become more lean, agile, and innovative, and the oil and gas industry was no exception to the trend.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 52

Procurement Software

MAY 9, 2022

Supplier Relationship Management (SRM) can be complex. Supplier relationship management software can make things a little bit easier. These often use a mix of Microsoft tools to address supplier management needs. Here are 5 Key Advantages from using Supplier Relationship Management Software. Increased Negotiation Power.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Procurement Software

MAY 9, 2022

Supplier Relationship Management (SRM) can be complex. Supplier relationship management software can make things a little bit easier. These often use a mix of Microsoft tools to address supplier management needs. Here are 5 Key Advantages from using Supplier Relationship Management Software. Increased Negotiation Power.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

ivalua

MAY 9, 2023

As the lynchpin to suppliers, they play a pivotal role in combatting the effects of inflation, ensuring supply continuity, complying with regulatory requirements, improving sustainability and other top business priorities. Furthermore, their rapidly shifting nature requires a new level of agility. The same applies internally.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Procurement Collaboration Supply Chain Efficiency 130

Jaggaer

FEBRUARY 18, 2020

The recent disruptions to supply chains caused by the coronavirus epidemic in China have given supply managers the world over pause for thought. Now more than ever, businesses must improve the efficiency of their supply chains not only to maintain a competitive advantage but also to reduce risk. And in what ways?

Suppliers 103

Suppliers Agile and Lean Supply Chain Supply Chain Efficiency Supplier relationship management 103

ivalua

FEBRUARY 27, 2023

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which provide procurement with the tools needed to maximize the value they get from their supplier relationships, automate and streamline processes, and identify opportunities for cost savings. Let’s explore further.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

Procurement Tactics

JULY 23, 2023

51 ChatGPT Prompts to 10X Your Productivity in Procurement Download ChatGPT PDF Procurement Courses  Or receive our famous weekly newsletter The 5S of Kaizen — The Ultimate Guide The 5S of Kaizen comes under the umbrella of lean management aimed to eliminate waste within manufacturing operations. CERTIFICATE COURSES 1.

Agile and Lean Supply Chain 196

Agile and Lean Supply Chain Supply Chain Efficiency Procurement team Quality 196

ivalua

JANUARY 29, 2020

Competitors or new market entrants can use it to attack you these days – you don’t need a chain of retail shops on the high street, just a good idea, a great website and an outsourced logistics operation. So the need for businesses to act with speed and agility has never been greater.

Collaboration 213

Collaboration Innovation Agile and Lean Supply Chain Procurement 213

Procurement Tactics

JANUARY 8, 2023

It can also help drive sustainability initiatives in your supply chain and procurement process. . Closed loop spend management (CLSM) is an approach geared towards injecting resilience and agility into business operations by optimizing overhead costs and transforming procurement and supply chain processes. .

Sustainability 207

Sustainability Procurement Agile and Lean Supply Chain Supply Chain Optimization 207

ivalua

MARCH 1, 2022

We expect procurement organizations will continue to enhance visibility, agility, and capability. . Supplier spend is changing rapidly and organizations must manage supplier spend by identifying the shift in the current inflation (adjusted price of the supplier’s goods). IMPROVE PROCUREMENT AGILITY .

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Procurement team supply chain software solutions Sustainability 130

EazyStock

JANUARY 17, 2022

The past few years have seen unprecedented supply chain challenges largely stemming from COVID-19 disruptions. Consequently, companies are becoming more focused on anticipating, reacting to, and planning for the unexpected through their supply chain strategies. Supply Chain Digitalization.

Supply chain management 52

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Efficiency 52

ivalua

MAY 1, 2020

The total costs, in terms of human lives, disrupted supply chains, ruined businesses and GDP impact, are still just projections in the array of charts presented daily by statisticians and data modelers. There are, however, already some clear lessons to be learned by Procurement and Supply Chain leaders.

Supply chain management 130

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 130

ivalua

JUNE 16, 2021

The pandemic was a wake-up call for businesses worldwide, who struggled to overcome operational disruption — everything from the transition to remote working, to supply chain chaos. MENA countries import a lot of food; disrupted supply chains and price increases mean potential food shortages. Enter eProcurement.

Eprocurement 130

Eprocurement Supply Chain Optimization Agile and Lean Supply Chain Procurement team 130

Empowering CPO

FEBRUARY 23, 2024

As businesses seek agility, cost optimization, and data-driven decision-making, AI-powered solutions are becoming indispensable for procurement professionals. The AI Advantage Predictive Insights: AI algorithms analyze historical data to predict demand patterns, market trends, and supplier performance.

Procurement 52

Procurement Ethics Agile and Lean Supply Chain Supply Chain Optimization 52

SCMDOJO

MARCH 8, 2024

Reduction of Minimum Order Quantity (MOQ): MOQ refers to the minimum quantity of a product that a supplier is willing to sell. By negotiating lower MOQs with suppliers, businesses can reduce the amount of inventory they need to purchase at once. Read more on Optimizing Inventory and Lead Time Management on our website SCMDOJO!

Supply Chain Optimization 79

Supply Chain Optimization Supply Chain Efficiency Inventory Strategy 79

Una

FEBRUARY 20, 2023

Traditional means of creating value include things like managing contracts with preferred suppliers , controlling maverick spend, and minimizing warehouse costs. Negotiate better contract terms with suppliers One of the most impactful ways to drive immediate savings is to renegotiate pricing and other contractual terms with suppliers.

Procurement strategies 98

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 98

Procurement Heads

MARCH 27, 2023

Procurement at Futures involves negotiating and renegotiating contracts for all goods, works and services. We’re responsible for the supplier management and then supporting the business in contract management as well. We are having to become much more agile in our approach because suppliers are less willing to hold their pricing.

Sustainability 246

Sustainability Agile and Lean Supply Chain Influencing Procurement 246

Procurement Heads

MARCH 15, 2023

I realised that I enjoyed using my influencing and negotiation skills to deliver value to stakeholders and made the decision to move into the sales and contracting function. moments, whether it be with suppliers, customers or investors. We have a contract portfolio of £13bn with over 500 suppliers and 300 customers.

Agile and Lean Supply Chain 246

Agile and Lean Supply Chain Sustainability Contract Leadership 246

ivalua

MAY 6, 2021

The pandemic has accelerated this trend, with the Procurement function front and center in the fight to ensure supply chain resilience and continuity, reduce costs and protect the bottom line. For example, today’s software can make recommendations based on past user or supplier behavior. 3) Optimize Decision-Making.

supply chain software solutions 130

supply chain software solutions Procurement Agile and Lean Supply Chain Supply Chain Efficiency 130

ivalua

NOVEMBER 3, 2021

Ahlsell, a prominent international retail solutions provider, has led a complete digital transformation overhaul with a central focus on trading goods supplier management. Acting as a complementary partner to their suppliers, Procurement is a central target and strategic function for Ahlsell. billion in annual sales.

Procurement 130

Procurement Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain 130

Supply Chain Game Changer

NOVEMBER 19, 2018

Check out Brand Protection – The Definitive Role of the Supply Chain! The Supply Chain function within your company has many responsibilities. From planning to negotiating to buying, from moving goods to processing goods, and from managing data to managing inventory. Promoting Supply Chain Value.

Agile and Lean Supply Chain 84

Agile and Lean Supply Chain supply chain budgeting Supply chain Raw materials 84