SCMDOJO

MAY 23, 2025

It is easy to address supply chain management from a strict numbers mindset. Getting things where they need to go, on time and on budget, is the goal. Enter supply chain safety. Although supply chain safety doesn’t get talked about a lot, it is a key component in protecting workers and maintaining compliance.

Supply Chain Efficiency 97

Supply Chain Efficiency supply chain budgeting Supply chain Supply 97

Skill Dynamics

MARCH 14, 2024

As the year draws to a close, organizations face the critical task of effectively utilizing their end-of-year Learning and Development budgets. The allocation of this budget is not a decision to be taken lightly, as it has a direct impact on the company’s growth, productivity, and talent development.

supply chain budgeting 96

supply chain budgeting Budget Raw materials Procurement team 96

Procurement Templates

DECEMBER 11, 2024

Create Contingency Plans: Develop risk management protocols for supply disruptions and emergencies. Financial Objectives Budget Management: Monitor and manage procurement budgets to ensure spending stays within approved limits. Action: Develop a procurement cost-avoidance tracker for proactive budget control.

Procurement 130

Procurement Supply Chain Efficiency Cost of ownership supply chain budgeting 130

ivalua

FEBRUARY 25, 2021

ERP vs. Best-in-Class for Healthcare Supply Chain Management? Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts. The verdict?

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Supply Chain Brain

OCTOBER 29, 2023

With near-term consumer demand uncertain, and high interest rates likely to continue for some time, corporate belts are tightening. So what are companies spending money on today?

supply chain budgeting 122

supply chain budgeting Budget Consumer demands Supply chain 122

Spend Matters

MAY 1, 2025

A well-structured transformation journey ensures organizations progress from basic digitalization to advanced AI-driven procurement, enabling smarter decision-making, better compliance and optimized supply chain performance. When procurement lacks visibility into budget constraints or supplier performance, inefficiencies arise.

Real-time Visibility 71

Real-time Visibility supply chain budgeting Procurement Supply Chain Optimization 71

IBM Supply Chain Blog

OCTOBER 19, 2023

According to Gopal Chandak, FP&A Leader at Landmark, “The consolidation of the financial budget, cost allocation methods and standardization of common records posed as major obstacles. Because of this, the budgeting process was inefficient.

Budget 91

Budget Data Change management Innovation 91

Spend Matters

MAY 27, 2025

Technology is a powerful enabler of finance-procurement collaboration, bridging gaps in spend visibility, cost control and data integration. Without the right tools, procurements contributions to financial strategy can remain disconnected from budgeting, forecasting and risk management.

Real-time Visibility 92

Real-time Visibility Procurement supply chain budgeting Supply Chain Optimization 92

Supply Chain Dive

AUGUST 5, 2024

Although most hiring managers have a positive outlook on the remainder of the year, some reported their companies don’t have enough money to hire.

Budget 133

Budget Management 133

Supply Chain Game Changer

JUNE 5, 2025

Subscribe The Complexity of the Lego Supply Chain! Supply chains in the energy sector are among the most complex and capital-intensive in the world. Each of these actors introduces interdependencies, legal considerations, and transaction costs. It’s about capital flow, asset risk, and regulatory layering.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization supply chain budgeting 59

Supply Chain Brain

OCTOBER 30, 2024

Logistics companies will see costs rise because of the increase in minimum wage and contributions employers will need to make to the country’s National Insurance program.

Budget 116

Budget Logistics 116

Procurement Tactics

MAY 8, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter CPFR in Supply Chain — Everything You Should Know CPFR in supply chain allows both businesses and suppliers to fulfill customer demand. However, what is it? What is CPFR? Why is CPFR Important?

Supply Chain Efficiency 200

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 200

SCMDOJO

JUNE 11, 2025

The company’s success, along with the quality of its products and a good team, depends heavily on effective supply chain management. In this context, MacBooks are increasingly becoming the backbone of supply chain teams. Mac in Team Supply Chain Collaboration.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting supply chain software solutions Supply Chain Optimization 52

Spend Matters

JUNE 2, 2025

While traditional KPIs often emphasize cost savings or budget control, aligned organizations take a more strategic approach, tracking performance indicators that reflect the joint impact of finance and procurement on business outcomes. Compare actual procurement costs against financial forecasts to improve budget accuracy.

Sustainability 64

Sustainability supply chain budgeting Supply Chain Efficiency Real-time Visibility 64

ivalua

JUNE 5, 2025

Procurement is a strategic function focused on selecting suppliers, negotiating contracts, managing supply chain risk, and ensuring long-term value creation. Let’s take a closer look at five key differences between strategic procurement and transactional purchasing and their respective roles in procurement and supply chain management.

Purchasing 130

Purchasing Risk Procurement Supply Chain Efficiency 130

SCMDOJO

APRIL 15, 2025

Consider this your business suddenly faces a major supply chain disruption. But the truth is, a fragile supply chain can make or break your companys success in today’s world. But the truth is, a fragile supply chain can make or break your companys success in today’s world.

Agile and Lean Supply Chain 73

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting supply chain software solutions 73

Supply Chain Game Changer

JUNE 9, 2025

While you don’t want to compromise on quality, finding a distributor who offers competitive pricing can significantly impact your project’s budget. Compare the prices and payment terms of the shortlisted distributors to determine the best fit for your budget. appeared first on Supply Chain Game Changer™.

supply chain budgeting 80

supply chain budgeting Supply Chain Efficiency Quality Quantity 80

Spend Matters

FEBRUARY 13, 2025

Identifying the need for foundational technology and processes Before joining Utz as its SVP Procurement, Ron had been consulting with the Supply Chain department working on a number of different projects. In addition, the broader supply chain organization was working to implement other new tools and processes.

Influencing 97

Influencing Procurement supply chain budgeting e2e 97

Planergy

MARCH 18, 2025

Download Free Copy Supply Chain Disruptions in Schools: Challenges and Solutions Category Inventory Written by Keith Murphy 17 min read Tags Education Risk Management Supply Chain Management Last edited March 18, 2025 Download PDF KEY TAKEAWAYS Efficient school supply chains are critical for maintaining consistent educational services.

supply chain budgeting 52

supply chain budgeting supply chain software solutions Supply Chain Efficiency Supply chain 52

Supply Chain Dive

FEBRUARY 14, 2023

With budgets tightening in an uncertain economy, experts weigh in on how companies can plan for the year ahead and stay resilient.

supply chain budgeting 137

supply chain budgeting Supply chain Budget Supply 137

Supply Chain Brain

JANUARY 30, 2024

In the face of record-low unemployment and rising wage levels, a labor management program can offer multiple advantages.

Budget 98

Budget Innovation Management 98

Supply Chain Brain

OCTOBER 9, 2024

Disruptions in the Red Sea are increasing pressure on supply chain leaders to navigate conflicting priorities to manage budgets and maintain customer satisfaction.

supply chain budgeting 98

supply chain budgeting Supply chain Budget Supply 98

Spend Matters

JUNE 2, 2025

By using data, automation and better processes, procurement can improve financial reporting, cut costs, support budgeting and manage risks. Average time to resolve cost discrepancies. Deliver supplier cost trends, contract renewals and real-time updates to improve forecasts. Forecast accuracy for procurement budgets (%).

Strategy 64

Strategy Procurement supply chain budgeting Supply Chain Efficiency 64

Let's Talk Supply Chain

MARCH 24, 2025

In the intricate dance of the global electronics supply chain, a disruptive force has emerged, sending ripples of chaos through its intricate web of interconnected components. Welcome ‍to the frontline of change in the world of electronics supply chains.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Demand 52

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 is the Cost Performance Index (CPI)?

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Raw materials 52

Procurement Insights

JANUARY 3, 2025

Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.

Agile and Lean Supply Chain 52

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

Procurement Insights

MAY 18, 2025

With rising expectations, shrinking budgets, and growing exposure to price risk and supply disruption, todays procurement leaders are tasked with delivering strategic impact at speed and scale. Let’s start by revisiting one of Procurement Insights’ most popular article series: Dangerous Supply Chain Myths.

Procurement 72

Procurement supply chain budgeting Agile and Lean Supply Chain Supply chain 72

SCMDOJO

MARCH 24, 2025

A favorable variance indicates that the company is spending less than planned, whereas a positive outcome means the company is spending more than the planned budget. Every business aims to increase its profit margin, and one effective way to achieve this is by cutting costs. per unit, reducing the actual cost to $90,000.

Price 69

Price Purchasing supply chain budgeting Raw materials 69

Procurement Insights

APRIL 5, 2025

Estimating the cost for an average procurement professional to attend the five conferencesDigital Procurement World (DPW), ISM Annual Conference, Procurement Leaders (World Procurement Congress), SIG (Global Executive Summit), and Supply Chain Canada National Conferencerequires factoring in registration fees, travel, and accommodation expenses.

supply chain budgeting 52

supply chain budgeting Procurement Supply chain Budget 52

Spend Matters

MARCH 25, 2025

However, the reality is that stakeholders, including budget owners, business units, etc., One of the most effective ways to achieve this is by using data-driven storytelling to showcase procurements role in cost savings, efficiency gains and risk management. largely control procurements level of influence.

Stakeholder engagement 87

Stakeholder engagement Management Procurement Influencing 87

SCMDOJO

MAY 6, 2022

Modern enterprises rely on supply chain software to track several activities, including manufacturing and distribution of goods. Many supply chain systems are closed-source, all-in-one, proprietary, expensive, and difficult to customize ( read Why ERP Sucks ). What are No-code Platforms? Benefits of No-code Platforms.

supply chain software solutions 138

supply chain software solutions Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 138

Supply Chain Game Changer

JUNE 10, 2025

By keeping tabs on each asset, organizations can improve efficiency, reduce costs, ensure compliance, and mitigate risks. It allows finance and procurement teams to have a clearer understanding of where the company’s technology budget is going, and whether the organization is overspending on licenses, hardware, or services.

Management 84

Management supply chain software solutions Supply Chain Optimization supply chain budgeting 84

Supply Chain Dive

OCTOBER 26, 2023

With droughts and heat waves affecting crops and shipping routes this year, the budget committee looked at the rising costs of extreme weather will have on supply lines.

supply chain budgeting 122

supply chain budgeting Budget Supply chain Supply 122

Procurement Insights

MAY 21, 2025

MY TAKEAWAY As I look at the above, I have the following two primary takeaways: Budget Constraints and Challenging Market Dynamics are relative constants, meaning that the best approach is recognition and adaptation, as they are driven by external factors that cannot be controlled, only anticipated.

supply chain budgeting 80

supply chain budgeting Budget Procurement Sourcing 80

SCMDOJO

JUNE 3, 2025

Come along while we take a look at emerging tech tools and dig deeper into how cost estimation is being transformed into something faster, smarter, and surprisingly budget-friendly. Now you can enjoy stress-free, accurate budgeting. Those sorts of potential cost changes are flagged long before they impact your budget.

Procurement 59

Procurement Supply Chain Efficiency supply chain budgeting Budget 59

Jaggaer

MAY 16, 2025

In many industries, procurement is responsible for managing significant budgets which means it holds a key lever for business performance. This means that, beyond cost savings, they can also influence the top line. Proper orchestration of supply chains enhances corporate resilience. Its actually quite obvious.

supply chain budgeting 52

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

Procurement Tactics

JULY 2, 2023

Budget Control When it comes to maintaining budgetary control throughout the entire procurement process, job orders are crucial. Managers and businesses may be able to monitor their expenditures in comparison with the approved and allocated budget by indicating expected costs and financial parameters in a job order.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184