Positive Purchasing

DECEMBER 6, 2023

Written by Jonathan O’Brien, leading procurement expert and CEO of Positive Purchasing Ltd. Inevitably, there are some supply chains that are riskier than others. We have also looked into shortening supply chains by going to the source, then we pass the resulting cost efficiency savings on to our customers.

Sustainability 64

Sustainability Price Supply Chain Efficiency Agile and Lean Supply Chain 64

Procurement Tactics

JUNE 28, 2023

Livestock Commodities Livestock and meat commodities include lean hogs , pork, live cattle , and feeder cattle. It follows the principles of supply and demand as it is the driving force of commodity markets. Demand is affected by changes in supply and lower supply means higher prices and vice versa.

Raw materials 178

Raw materials Supply Chain Efficiency Price Market analysis 178

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.

Real-time Visibility 130

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

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

Una

FEBRUARY 20, 2023

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. Establish clear agreements with suppliers to ensure you receive the products and services you need at a reasonable price.

Procurement strategies 98

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 98

Procurement Tactics

MARCH 16, 2023

It aims to ensure that the goods and services that the business needs are delivered on time and purchased within the budget. Strategic procurement is data-driven and uses a combination of tools and techniques that go far beyond unit price reduction. Activities Compromising Strategic Procurement 1. What is a procurement strategy?

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

Arkestro

NOVEMBER 2, 2022

But when it comes time for purchasing, most automotive suppliers and OEMs are stuck in an Excel world, and they’re straddled between systems, pulling data from all over the company. Predictive procurement is central to solving a wide range of complex supply chain problems efficiently and effectively.

Price 52

Price Suppliers Procurement Agile and Lean Supply Chain 52

Arkestro

MAY 23, 2022

As 2019 wound down, who would have predicted that how to solve supply chain disruptions would become one of the top headlines? Supply chain disruption has become something that all of us see in the headlines every day: online, in newspapers, and in magazines. Gas at record-high prices.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply chain Real-time Visibility Supply 52

ivalua

APRIL 13, 2021

Even in indirect purchasing, giving suppliers more flexibility in how they meet requirements can increase savings and sustainability. Ensuring Supply Chain Agility. Agility is needed not just to avoid disruptions. Agility is needed not just to avoid disruptions. Unlocking Supplier-Led Innovation.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Procurement Supply Chain Efficiency Collaboration 130

Procurement Tactics

JUNE 28, 2023

Purchase Orders Purchase orders are where the monitoring of the creation and approval of purchase orders comes in. It typically looks for details such as supplier information, item descriptions, quantities, prices, or arrival dates. The key elements are typically: 1.

Supply Chain Efficiency 178

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

NLPA (Next Level Purchasing Association)

JANUARY 17, 2023

Supply chains are becoming more and more complex, constrained, and daunting by the day. Covid and post-Covid periods have reaped havoc on supply lines. Many business leaders are looking to their supply teams to increase supply reliability and reduce supply costs. Supply Chain Agility and Visibility.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Spend management Cost of ownership 52

Una

OCTOBER 13, 2022

Procurement and supply chain management would be a lot easier if the function existed in a bubble, but it would also be a lot less exciting. The last couple of years have truly been a very exciting time to be in supply chain. Current Events Impacting Procurement. By Hugo Britt | October 13, 2022. Food shortages.

Procurement 98

Procurement Agile and Lean Supply Chain Price Supply chain 98

Supply Chain Game Changer

OCTOBER 8, 2019

Subscribe to Supply Chain Game Changer. A truly efficient and effective Supply Chain must include a strategy, plans, business processes, and performance metrics that incorporate disintermediation and the elimination of waste! Why Disintermediate the Supply Chain? Now consider what a Supply Chain entails.

Agile and Lean Supply Chain 63

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization Supply chain 63

IBM Supply Chain Blog

NOVEMBER 6, 2023

Enterprises should strategically align pricing models to the needs of SMBs Usage-based pricing models or fixed time-based pricing models — such as monthly subscriptions or one-time payments — allow enterprises to meet the distinct needs of each SMB.

Price 111

Price Data Purchasing Sourcing 111

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. It ensures that procurement partners collaborate with reliable vendors, reducing supply chain disruptions.

Procurement 52

Procurement Ethics Agile and Lean Supply Chain Supply Chain Optimization 52

Let's Talk Supply Chain

MARCH 23, 2023

With a decade hallmarked by disruption, consumers are more aware of supply chain and how industry shortages, talent gaps, and climate events impact their daily lives and local communities. One dialogue that is still catching fire is how closing the gender gap in supply chain can help the industry build its ranks and agility.

Agile and Lean Supply Chain 52

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

Pipefy

JANUARY 9, 2023

Supply chain risks heightened by geopolitical conflict. A recent survey of procurement and supply chain leaders found that 32% of procurement teams admitted to cutting corners with their sourcing criteria and suppliers to secure supply. Complex purchasing systems (31%). Uncertain global markets.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Procurement Procurement team Supply Chain Efficiency 59

Arkestro

MARCH 13, 2023

Industry: Automotive Manufacturing Headquarters: New Jersey, USA Website: holman.com % savings in one day % supplier reduction “One of the challenges that we’ve had in categorizing our spend is taking on static, preferred supplier agreements to drive pricing down.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Procurement Bidding 52

Supply Chain Game Changer

NOVEMBER 18, 2018

Blog post originally published by, and permission to publish here provided by, Argentus a boutique recruitment firm focused on Supply Chain and Procurement. Check out Food Waste and World Hunger – The Food Supply Chain is Broken! Everyone knows that the cannabis industry is a boom market: it’s worth $7.3B

Agile and Lean Supply Chain 56

Agile and Lean Supply Chain Supply Chain Efficiency supply chain software solutions Supply chain 56

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. Yet often the Supply Chain is undervalued. Why is Supply Chain often undervalued? Pressures for Cost Reduction in Supply Chain.

Agile and Lean Supply Chain 84

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

SCMDOJO

MARCH 8, 2024

By negotiating lower MOQs with suppliers, businesses can reduce the amount of inventory they need to purchase at once. Establishing a frame contract with suppliers for these items ensures a stable and predictable supply. Availability Percentage: Measure the percentage of time products are available for customers to purchase.

Supply Chain Optimization 79

Supply Chain Optimization Supply Chain Efficiency Inventory Strategy 79

Una

JUNE 8, 2023

We need to focus on those that are critical for maintaining a reliable supply chain, optimizing costs, driving innovation, improving efficiency , and supporting strategic objectives. They are usually readily available in the market, and their purchase does not significantly affect the company’s profitability.

Suppliers 52

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

Strategic Sourceror

SEPTEMBER 22, 2022

But with stores awash in inventory as it is, retailers are slashing prices with abandon so they can make as much room as possible for what they'll sell November and December. Throughout the lockdown, demand far outpaced supply. Now, it's the reverse, even though portions of the supply chain remain problematic.

Inventory 57

Inventory Agile and Lean Supply Chain Buyers Supply chain 57

Una

AUGUST 2, 2022

Benefits include cost savings, risk reduction, efficiency gains, transparency, agility, customer satisfaction, employee engagement, and much more. Take B2B services purchasing as an example. Character recognition enables the AI to extract key data points such as pricing and timelines, then provide analytics based on this data.

Procurement 98

Procurement Supply Chain Efficiency Real-time Visibility supply chain budgeting 98

Una

DECEMBER 11, 2023

In fact, learning agility (a willingness and ability to learn new things) is fast becoming the number-one capability sought by employers. Whether it’s mastering the art of negotiation or navigating the labyrinth of supply chain analytics, keeping your skills sharp is your ticket to staying relevant.

Procurement 52

Procurement Agile and Lean Supply Chain Leadership Negotiation 52

Supply Chain Opz

NOVEMBER 9, 2014

Companies of all sizes have been capturing the value from Global Supply Chain to increase the economies of scale and scope for years. In this article, we will show you tips from worldwide experts that you can use to streamline your global supply chain operations. However, you may wonder what kind of practices really work.

Agile and Lean Supply Chain 109

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 109

ivalua

NOVEMBER 3, 2021

The 140 year-old company has a strong market position; large volume provides necessary scale and competitive advantages in purchasing, sales, logistics, and business support. Tail suppliers are typically low-volume suppliers, often not under contract and with non-standard pricing. billion in annual sales.

Procurement 130

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

Arkestro

JUNE 6, 2023

Here are just a few of the metrics CFOs look at when examining procurement process efficiency: Cost of Purchase Order: What are the internal costs associated with each purchase? Purchases in Time and Budget: How many purchases are on budget and on time? Procurement Cost Reduction: How are costs being reduced over time?

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility supply chain budgeting 52

Una

MARCH 6, 2024

Your Business Guide to Outsourced Procurement A comprehensive guide to outsourced procurement and the benefits of working with a group purchasing organization to save money, time, and effort. We’ll also reveal the benefits of outsourcing procurement to a group purchasing organization (GPO). billion by 2027 , growing at a CAGR of 8.8%.

Procurement 52

Procurement Agile and Lean Supply Chain Purchasing Supply Chain Efficiency 52

Una

OCTOBER 9, 2023

DOWNLOAD PLAYBOOK Table of Contents Introduction In procurement and supply chain, staying ahead of the game is not just a goal – it’s a necessity. Strategic sourcing takes into account a few key concepts: Total Cost of Ownership TCO shows how strategic sourcing looks beyond the initial purchase price.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Una

AUGUST 31, 2023

With limited resources, time, and purchasing power, every decision needs to be well-planned and supported by data. In this article, we explore the unique challenges facing SME procurement teams, how to be strategic despite these challenges, and the role a group purchasing organization can play.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supplier relationship management 52

Una

JANUARY 8, 2024

Boosting Business Growth With the Help of a Group Purchasing Organization A playbook for boosting business growth, moving beyond the outdated perceptions of procurement, and turning it into one of your organization’s most important sources of value. The real hero understands that the story doesn’t end with the purchase.

supply chain budgeting 52

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

Spend Matters

DECEMBER 21, 2023

In sourcing, the AI can rapidly analyze supplier options based on pricing, quality, sustainability and other factors to identify optimal partners, while also predicting performance to mitigate risk. More accurate forecasts allow for better planning, inventory management and mitigation of various supply chain risks proactively.

Procurement solutions 83

Procurement solutions Procurement e2e Real-time Visibility 83

Supply Chain Game Changer

NOVEMBER 10, 2018

Supply chain collaboration is a hot topic today and no wonder: companies that collaborate effectively across the supply chain have enjoyed dramatic reductions in inventories and costs, together with improvements in speed, service levels, and customer satisfaction. Subscribe Here! Email Address.

Collaboration 66

Collaboration Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 66

Empowering CPO

FEBRUARY 11, 2024

At EmpoweringCPO, we understand the pivotal role it plays in optimizing the supply chain, reducing costs, and fostering long-term competitiveness. This intelligence empowers decision-makers to proactively adapt their sourcing strategies, ensuring resilience and agility in the face of market fluctuations.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

Una

NOVEMBER 14, 2022

As many companies struggled over the past three years, the pandemic became an enormous opportunity for global giant Amazon and other companies to capture a much larger share of low-value repeatable purchasing. The resilience of global supply chains is under attack. What’s changed? A consumer-centric procurement process.

Procurement 98

Procurement Agile and Lean Supply Chain Supply Chain Efficiency Procurement team 98

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

With the increasing complexity of supply chains and the growing importance of sustainability and social responsibility, the role of procurement professionals has become more critical than ever. However, failing to strategically measure purchasing performance can have significant impacts.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52