SCMDOJO

JANUARY 17, 2024

Most eCommerce and online businesses focus on forwarding logistics and last-mile delivery to reduce delivery time. Statistics revealed that 92% of buyers stick to the business if the return process is simple. Return Management, also known as reverse logistics, is a process where the customer returns the goods they purchased.

Supply Chain Efficiency 89

Supply Chain Efficiency Management Supply Chain Optimization Logistics 89

The Thomas Blog

AUGUST 2, 2022

In a recent Industrial Buyer's Search Habits Survey , one purchasing supervisor that "having more online information like specifications, pricing, lead time, and stock levels online are important when I'm vetting new suppliers and will make my job easier.". Make Buyers Contact You. appropriate certification.

Buyers 144

Buyers Quality Ethics Export 144

Skill Dynamics

OCTOBER 19, 2023

Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract. In terms of cost savings, skilled negotiators can secure lower prices, discounts, and beneficial payment terms.

Negotiation 52

Negotiation Procurement Procurement strategies Buyers 52

Procurement Tactics

JUNE 26, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Top 10 US Dropshipping Suppliers — Pricing & Reviews The US dropshipping market reached an estimated amount of $15.64 At&t Tempered Glass Screen Protector For Iphone X retail price at $12.99

Price 195

Price Suppliers Negotiation Real-time Visibility 195

Let's Talk Supply Chain

AUGUST 28, 2022

Cargo Chief enables 3PLs and freight brokers to expand their carrier network, gain visibility into real-time pricing, and streamline their processes. We started to find solutions that married together: Hubtek with TABi, and us with the power of capacity and pricing.” Check out our other podcasts HERE.

Real-time Visibility 98

Real-time Visibility Price Collaboration Supply Chain Efficiency 98

Strategic Sourceror

JANUARY 20, 2023

Department of Labor, the Consumer Price Index in November 2022 had increased 7.1% Many suppliers and manufacturers have struggled to adjust their management and logistical structures to keep pace, forcing them to push increased costs down to consumers. High inflation has been one of the lingering consequences of the COVID-19 pandemic.

supply chain budgeting 62

supply chain budgeting Raw materials Supply chain Supply 62

Supply Chain Game Changer

MAY 11, 2022

How to Create a Digital Marketing Strategy for a Logistics Company! And most prospective buyers are going online to research the most effective manufacturing business to partner with. Create Buyer Personas. Buyer personas are situated at the heart of every marketing strategy and throughout every process. Subscribe Here!

Buyers 96

Buyers Strategy Competitive analysis Supply chain 96

Spend Matters

JUNE 19, 2023

I have seen top performers with catalog content that includes volume/promotional pricing, real-time price checks, multi-currency, multilingual and custom or specialty attributes for industry-specific inventory data, which were also embedded into shopping lists and more. Top performing vendors have more options to create catalogs (e.g.,

Procurement solutions 82

Procurement solutions Procurement supply chain budgeting Real-time Visibility 82

SCMDOJO

MARCH 19, 2024

These functions include procurement, production planning, inventory management, logistics, and customer service. Logistics Logistics involves managing the transportation and delivery of goods. These roles include supply chain managers, procurement specialists, demand planners, logistics coordinators, and data analysts.

Supply Chain Optimization 78

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 78

Supply Chain Game Changer

JUNE 30, 2021

A product’s quality and price no longer define how much value a good has. The tremendous shift of the seller-consumer dynamics now puts convenience, speed, and outstanding logistics supervision on the consumer’s list for a complete buying experience. As said earlier, convenience contributes to buyer satisfaction.

Buyers 98

Buyers Logistics Supply Chain Efficiency Supply Chain Optimization 98

Spend Matters

FEBRUARY 13, 2023

Even if logistics teams are more responsible for operational fulfillment, procurement still has a massive impact on it in terms of the initial design of the supply network (Design For Supply) and in the contracting of conditions (prices, Incoterm, MOQ, etc.). Read more. )

Risk management 69

Risk management Supply Chain Optimization Risk Supply chain 69

Procurement Tactics

SEPTEMBER 9, 2022

Hence, the purchasing strategies you would want to use for these types of items focus on reducing administrative costs and logistical complexity. Thus, buyers possess the balance of power in the relationship and leverage this strength to gain greater returns. . The market can consist of few suppliers which can force the prices to rise.

supply chain budgeting 130

supply chain budgeting Purchasing Risk Market analysis 130

Supply Chain Collaborator

MARCH 16, 2020

Here are three reasons why logistics management software like TMS, YMS Freight Audit and others is essential to the survival of business during events like global pandemic. So how does logistics management software prepare shippers to accommodate any business environment – even those that materialize in the wake of unexpected events?

supply chain software solutions 108

supply chain software solutions Supply chain Freight Audit Real-time Visibility 108

Supply Chain Game Changer

NOVEMBER 3, 2022

As a result, procurement managers spend a lot of time tracking down vendors, negotiating terms and prices, and working with accounting departments to ensure invoices get paid on time. Supplier Relationship Management (SRM) involves relationships between buyers and sellers or manufacturers and suppliers.

supply chain budgeting 115

supply chain budgeting supply chain software solutions Supply Chain Efficiency Supply chain 115

Supply Chain Brain

APRIL 23, 2018

Retailers were forced to cope with large volumes of returns, becoming experts in the art of reverse logistics. Take Nordstrom’s Trunk Club , the subscription-based service that ships out curated selections of clothing periodically and invites buyers to return whatever they don’t wish to keep. Comment on this article.

Logistics 40

Logistics Real-time Visibility Bidding Demand 40

Procurement Tactics

MARCH 27, 2023

Although it always relates to demand and sales projections, forecasting can also be used to determine product pricing, lead times, labor needs, and more. Having too little in stock means running out at unfortunate times when the demand is high, causing your buyers to buy elsewhere.

supply chain budgeting 192

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

Procurement Software

OCTOBER 3, 2023

These issues will impact your procure-to-pay process or your day-to-day operations in various ways: L ate deliver ies More suppliers mean more emails, calls or correspondence with logistics and sales managers when arranging deliveries. The more plates you’re spinning, the greater the chance that something will go wrong.

Supplier consolidation 59

Supplier consolidation Suppliers Procurement Category management 59

World of Procurement blog

MAY 23, 2024

Having strategic partnerships allows suppliers to lower prices. Factors to Analyse Cost - Analyse the total costs associated with each supplier, including unit costs, logistics and transportation fees, inventory carrying costs, etc. Look for suppliers with the best pricing structures. This provides them with guaranteed volume.

Supplier consolidation 52

Supplier consolidation Suppliers Supply Chain Efficiency supply chain budgeting 52

Spend Matters

JUNE 19, 2023

See ‘ Sourcing Optimization ‘ for the sourcing of direct services such as complex logistics. However, the calculation these solutions can do and external data feeds that can be used in price sheets are limited. Buyers can score each bid manually, and they can compare offers in a side-by-side view.

Sourcing 70

Sourcing Bidding Price Suppliers 70

Supply Chain Game Changer

MARCH 18, 2022

This happens because buyers’ behavior has shifted in favor of online shopping over the last couple of years. And while the e-commerce upward trend was in part supported by the pandemic , buyers continue to prefer shopping online. 3: Price Depreciation. Used Truck Wrap Up.

Supply Chain Efficiency 91

Supply Chain Efficiency Buyers Supply chain Price 91

Supply Chain Game Changer

JULY 7, 2021

The seller is on his own when it comes to sending products directly to buyers. This way, Amazon can ensure same-day delivery because they control the logistics, even in this instance. They do this at a fraction of the cost so they can sell this at a cheaper price and of course fulfilled by Amazon. Amazon Manufacturing.

Supply Chain Optimization 100

Supply Chain Optimization supply chain software solutions Supply Chain Efficiency Strategy 100

Positive Purchasing

SEPTEMBER 5, 2023

Eventually price focus changed to cost focus, then shifted to aiming to get more value from supplier relationships. Whilst price efficiency will always be a key objective, today the focus is on security of supply and driving sustainability. How do we manage risk? Then of course COVID hit, and the world went crazy.

supply chain budgeting 69

supply chain budgeting Category management Negotiation Sustainability 69

Procurement Software

MARCH 11, 2022

Despite the movement towards a broader value-driven view of procurement excellence and how we contribute to the wider business (people, planet, profit), the reality is that even though there is a tacit, newly found appreciation that buyers deliver more than just bottom line savings, it often isn’t reflected in their annual objectives.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Procurement Software

MARCH 11, 2022

Despite the movement towards a broader value-driven view of procurement excellence and how we contribute to the wider business (people, planet, profit), the reality is that even though there is a tacit, newly found appreciation that buyers deliver more than just bottom line savings, it often isn’t reflected in their annual objectives.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Supply Chain Game Changer

FEBRUARY 25, 2022

Thus, if you want to know how you can protect your business from potential claims by your customers and buyers, you might want to read more information on product liability insurance for your business. When a business suffers from disruptions to its supply chain, this can have an impact on all aspects of its business operations.

Supply chain 94

Supply chain Raw materials Supply Risk 94

IBM Supply Chain Blog

MAY 17, 2024

Over 90% of business buyers say a company’s customer experience is as important as what it sells. To avoid this, it’s crucial for businesses to carefully plan and design intelligent automation initiatives that prioritize the needs and preferences of their customers, whether they are consumers or B2B buyers.

Supply Chain Efficiency 64

Supply Chain Efficiency Real-time Visibility Supply Chain Optimization e2e 64

ivalua

AUGUST 17, 2021

Capturing Value occurs when a contract has been established that governs the responsibilities and obligations of both supplier and buyer, and well as when the organization has the right Procure-to-Pay processes in place to ensure compliance to those agreements, goods, services and prices. .

Procurement 130

Procurement Procurement team Sourcing Supplier relationship management 130

Arkestro

MAY 9, 2022

Ensure your company has a steady supply of what it needs to produce its end product on time and at the lowest possible price. As companies rethink sourcing , they will have to consider new factors concerning geography and geopolitics, logistics, decarbonization and sustainability, and suppliers’ health.”.

Procurement 52

Procurement supply chain software solutions Supply Chain Optimization Real-time Visibility 52

Supply Chain Game Changer

FEBRUARY 23, 2022

The supply process is faced with various issues, including increasing costs, the potential of fraud, logistics that are unreliable, and economic or political market factors. IT is a set of products, consulting, and support services, so it can’t fit in generally obtaining the best prices and terms. Technology Is Fast Changing.

Procurement 90

Procurement Competitive bidding Purchasing Procurement team 90

Supply Chain Collaborator

APRIL 7, 2016

Choose the stodgy, uninspired logistics IT solution provider with the middling results/poor cost efficiency it delivers and you’ll be remembered as lacking vision. You can select the perfect logistics IT platform for your specific needs at a cost that is completely transparent and without nasty “hidden cost” surprises.

Cost of ownership 61

Cost of ownership Buyers Logistics Change management 61

SCMDOJO

FEBRUARY 6, 2024

In the case of industries like e-commerce, where you need to deal with a massive number of different SKUs, quick and error-free material movements, and handling hundreds of logistics teams, the chances of inventory mismatch are even higher. Reverse logistics is equally important as last-mile delivery.

Inventory 86

Inventory Supply Chain Efficiency e2e supply chain software solutions 86

Market Dojo

DECEMBER 13, 2017

We recently encountered an article on Linkedin by Rémy de Lavergne, a highly experienced procurement professional with a specialism in Logistics. Rémy had clearly put some thought into what made a ‘good’ buyer and went a step further by categorising them by key attributes. – What is a good buyer? ” – Wikipedia.

Procurement 40

Procurement Competitive bidding Buyers Innovation 40

The Procuretech Podcast

OCTOBER 12, 2021

Shipzero tracks and manages transport emissions, helping freight buyers and logistics managers to have more transparency around their shipping data. . The increasing cost, especially of ocean freight, is making companies reconsider lengthy supply chains where historically the logistics cost was not a major factor. Stay in touch!

Risk management 40

Risk management Risk Supply Chain Efficiency Management 40

The Good Spending

MAY 8, 2022

Cost reduction vs. cost avoidance or hard vs. soft savings Cost reduction means the positive difference between the earlier item's price and an actual one. This broad category includes: fully or partially avoided price increase and/or indirect expenses (logistics, repair, and maintenance, consumables, etc.,)

Procurement 52

Procurement Quality Contract Price 52

Skill Dynamics

MARCH 12, 2024

Calculating the Cost Breakdown: This process involves working with cost, finance, logistics and manufacturing process experts. Considering TCO goes beyond simply evaluating the initial purchase price. Implementation: Setting minimum and stretch savings targets for cost optimization initiatives is key.

Cost optimization 69

Cost optimization Cost of ownership Procurement Strategy 69

EazyStock

APRIL 18, 2023

Our eGuide, Supply chain and logistics management trends for 2023 , looks at potential issues facing supply chain managers this year and how to respond. High inflation rates are seeing price increases for everything from products and components to commodities and utilities, creating a global cost of living crisis. in 2023 and 4.3%

Supply Chain Optimization 52

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

Supply Chain Game Changer

AUGUST 23, 2021

The Auto Market Supply-Demand Imbalance is Bad for Buyers! When choosing a car hauling company, price is a huge factor to consider. If you note that one of the companies offers a weirdly low price, avoid that. However, the tracking system is worth the additional pricing you will pay for it. Subscribe Here! Email Address.

Price 96

Price Supply chain Demand Risk 96