The Thomas Blog

JANUARY 16, 2024

Thomasnet is an authoritative niche directory in the industrial and manufacturing sector that connects suppliers and buyers. The platform allows suppliers to create detailed profiles about their products/services and also allows buyers to access relevant suppliers based on product type, certification, location, and capabilities.

Real-time Visibility 52

Real-time Visibility Buyers Strategy Networking 52

Una

MARCH 8, 2023

This can happen if the supplier is unwilling to budge on pricing or if the buyer is unwilling to accept a lower quality product. Unrealistic demands: Negotiations can quickly break down if the buyer or supplier makes unreasonable or unrealistic demands, such as asking for a price that is significantly lower than market rates.

Supplier negotiation 97

Supplier negotiation Negotiation Suppliers Buyers 97

Supply Chain Game Changer

MAY 11, 2022

However, today’s clients are more demanding and better informed. And most prospective buyers are going online to research the most effective manufacturing business to partner with. Create Buyer Personas. Once you’ve created a list of your goals, what you need to do next is identify your target audience and create buyer personas.

Buyers 96

Buyers Strategy Competitive analysis Supply chain 96

Una

JANUARY 17, 2023

Technology is streamlining cross-border trade, helping predict demand, and improving speed and efficiency at every stage of the supply chain. e-Commerce Platforms: Online marketplaces and e-commerce platforms provide a digital platform to connect buyers and sellers from different parts of the world. Subscribe to our Newsletter.

Supply Chain Efficiency 98

Supply Chain Efficiency Supply Chain Optimization Supply chain Real-time Visibility 98

Procurement Tactics

DECEMBER 26, 2022

Or receive our famous weekly newsletter. We can learn here that a demand-driven co-creation works, at least in the healthcare sector, to address the problems perceived by parties involved in the creation of a solution. . Or receive our famous weekly newsletter. 33 Procurement Interview Questions in 2023.

Procurement strategies 267

Procurement strategies Strategy Procurement Bidding 267

Una

MAY 7, 2024

By estimating the reasonable cost of a product or service, buyers can challenge suppliers’ pricing proposals and negotiate more effectively to secure fair and competitive prices. Should-cost analysis isn’t just an academic exercise. Supplier Evaluation: Should-cost analysis provides a basis for evaluating suppliers objectively.

Procurement 52

Procurement Price Negotiation Supply Chain Efficiency 52

The Thomas Blog

JANUARY 31, 2024

Demand generation and demand capture are distinct but equally valuable approaches to marketing. Demand generation is geared towards building awareness and interest among a broad audience. KPIs for demand generation range across metrics like: website traffic, social media engagement, email sign-ups, and brand reach.

Demand 52

Demand Influencing Strategy Bidding 52

The Procuretech Podcast

MAY 23, 2023

I can relate to this mission, having been a direct materials buyer in the automotive industry before the 2008-09 recession. This led her to pivot her career to focus on her newly found passion for demand generation, pipeline creation and marketing. Sarah previously appeared on the show way back in Series 1.

supply chain software solutions 40

supply chain software solutions Supply chain Procurement Networking 40

Planergy

NOVEMBER 1, 2022

These programs are beneficial for both buyers and suppliers. For suppliers, PSPs provide increased demand certainty and allow for improved planning. Benefits for Buyers. PSPs benefit buyers because they can lead to reduced costs, improved quality and service levels, and increased procurement efficiency.

Contract 52

Contract Suppliers Buyers Price 52

Una

AUGUST 3, 2023

Solution: Embrace Win-Win Negotiations Seek mutually beneficial outcomes that build trust and promote a healthier supplier-buyer relationship. Solution: Shift to Proactive Planning Anticipate future demands, analyze market trends, and devise a strategic procurement plan that anticipates risk.

Procurement 52

Procurement Procurement strategies Innovation Sustainability 52

IBM Supply Chain Blog

APRIL 25, 2024

For example, predictive analytics can be used to forecast demand and optimize inventory levels, while blockchain technology can enhance transparency and traceability in the supply chain. Explore IBM Business Process Reengineering services Subscribe to newsletter updates 1. Last updated 10 November 2023.

Supply Chain Efficiency 61

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting supply chain software solutions 61

Jaggaer

OCTOBER 22, 2020

The procurement team consists of 40 buyers, around half of them based in the bank’s Casablanca headquarters. By spring 2019 Attijariwafa had implemented a source-to-contract solution with JAGGAER, aiming to achieve maximum automation, best practices in process simplification and enhanced agility for all buyers.

Strategy 52

Strategy Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Una

JUNE 6, 2023

Inventory analysis and supplier risk monitoring Predictive analytics to help anticipate demand and optimize inventory levels Helping communicate with suppliers Automating risk management and track supplier performance Keep in mind there is some risk involved in using the tool. “The I am going to be the buyer. My name is Buyer.

Procurement 52

Procurement Negotiation Suppliers Strategy 52

Una

JUNE 6, 2023

Inventory analysis and supplier risk monitoring Predictive analytics to help anticipate demand and optimize inventory levels Helping communicate with suppliers Automating risk management and track supplier performance Keep in mind there is some risk involved in using the tool. “The I am going to be the buyer. My name is Buyer.

Procurement 52

Procurement Negotiation Suppliers Strategy 52

The Procuretech Podcast

MAY 3, 2022

He explains a win/win situation here - with both buyers and suppliers benefiting from richer, more detailed data. Alan explains how this capability is embedded in the sourcing bots: When requests come in, if there is predictability in the demand pattern, then that is gathered at the request stage and shared with the carriers.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Bidding Sourcing supply chain software solutions 52

Una

JUNE 15, 2023

The CPO is supported by strategic sourcing managers, category managers, buyers, analysts, contract managers, a compliance officer, an SRM manager, and others as new roles emerge. Inventory management: Outsourcing forecasting and managing inventory levels to meet demand while minimizing costs.

Procurement 52

Procurement Supplier relationship management Procurement team Contract 52

The Procuretech Podcast

SEPTEMBER 26, 2022

In the past, it seemed like suites needed to look complex in order to impress buyers with all their functionality. Users are demanding simplicity and accessibility. And it's important to know the pitfalls, and also what the market is demanding. For one-off overseas contractors, there's what’s called payroll on demand.

Management 40

Management Vendor management Influencing Procurement team 40

Procurement Tactics

JUNE 30, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter 9 Best US Lumber Suppliers — Industry Outlook, Considerations, Pricing, and Reviews The US based Forest Economic Advisors, LLC (FEA) predicted a 16% US housing drop in 2023.

Price 177

Price Suppliers Negotiation Quality 177

Procurement Tactics

JUNE 22, 2023

A purchase order is simply a document that a buyer sends to a supplier to request goods or services, which outlines the order’s details, including the quantity, price, delivery, and payment terms. First, it ensures clear communication between the buyer and the supplier, eliminating potential misunderstandings or disputes.

Purchase orders 191

Purchase orders Purchasing Quantity Buyers 191

The Procuretech Podcast

MAY 10, 2022

I ask him what makes Lhoste different, and how it can meet the kind of requirements that today's customer is demanding. And then if the buyer doesn't necessarily know who to source it from, it has a basic supplier scouting functionality built into it. Sign up for the Procurement Software Newsletter. Stay in touch.

Procurement team 52

Procurement team Supply Chain Efficiency Purchasing Purchase orders 52

Arkestro

MARCH 8, 2024

They’ve spent the last year (and more) creating safer, more efficient supply chains,” says Marina Mayer, editor-in-chief of Food Logistics and Supply & Demand Chain Executive. Go to www.SDCExec.com/awards to learn more about other Supply & Demand Chain Executive awards. Go to [link] to view the full list of winners.

Demand 52

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

The Procuretech Podcast

SEPTEMBER 22, 2022

The emergence of the on demand or SaaS software was exciting. For example, with the Department of Defence, they had 21 buyers, 21 people managing contract infrastructure, and it was a large contract. Through the automation process,within 18 months, they went from 21 buyers down to three. Stay in touch.

Procurement 40

Procurement supply chain software solutions Price Buyers 40

Procurement Tactics

JULY 14, 2022

Or receive our famous weekly newsletter. The demand for a procurement service provider has increased due to the global market conditions. Additionally, the demand has increased as many buyers or firms cannot negotiate a reasonable price for products or services. First Name. Download Free PDF. Assess PSP affiliations.

Procurement 130

Procurement Supply Chain Efficiency Negotiation Strategic planning 130

The Procuretech Podcast

FEBRUARY 22, 2022

Demand planning. Something close to my heart as an ex-automotive direct materials buyer, Ravacan offers the ability to have a digital tooling asset register within the platform. Sign up for the Procuretech Podcast Newsletter. Why go with an all-in-one solution rather than best-of-breed? Spend analytics. Stay in touch!

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Innovation Supply chain 40

Procurement Tactics

FEBRUARY 23, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Ultimate 2023 Negotiation guide — A Comprehensive Overview Negotiation is part of our everyday life. What is the current and forecast level of supply and demand? How can trade associations affect you?

Negotiation 130

Negotiation Influencing Strategy Import 130

Planergy

JULY 21, 2023

Goods have fixed prices, whereas services usually involve negotiation between buyers and sellers to reach a pricing agreement. This will enable you to take advantage of better terms due to pre-existing trust between buyer & seller. download a free copy of our guide 3.

Management 52

Management Procurement supply chain budgeting Budget 52

The Procuretech Podcast

DECEMBER 28, 2021

So, regardless of whether a company has a dedicated buyer, the procurement process itself requires a more robust solution to be able to store data in a single, easy-to-use repository. Sign up for the Procuretech Podcast Newsletter. As a company grows, these processes should grow with it. Small correction requested by oboloo.

Purchasing 40

Purchasing Contract management Contract Sourcing 40

The Procuretech Podcast

OCTOBER 26, 2021

The purpose of Apadua is to make services procurement free at the point of entry to buyers, while at the same time providing both sides with smart technology to create value together and build sustainable business relationships on an equal footing. Sign up for The Procuretech Podcast Newsletter. Apadua website. Mercanis website.

Procurement 40

Procurement Raw materials Sourcing Suppliers 40

Planergy

AUGUST 8, 2023

Two-Stage Tendering Two-stage tendering is a procurement method where the buyer invites tender in two stages. Don’t be too aggressive in trying to get a better deal or making demands on the supplier; if they feel like they aren’t getting anything out of the deal, they won’t want to work with you in the future. Know your limits.

Sourcing 52

Sourcing Suppliers Procurement Bidding 52

Procurement Tactics

MAY 18, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter US Import and Export Statistics The U.S. The demand for safe-haven assets during the pandemic made dollar value even higher which made U.S. Thus, causing disruption in the supply chain globally.

Export 130

Export Import Supply Chain Efficiency Negotiation 130