Spend Matters

DECEMBER 19, 2022

In fact, post-pandemic business conditions make cost insights even more important and further highlight how relationships between buyers and suppliers can be the difference in tough times. To potential buyers — WTP is a valuable solution to enhance an organization’s capabilities related to price intelligence and management.

Price 83

Price Raw materials Management Buyers 83

Strategic Sourceror

JANUARY 20, 2023

Businesses that buy from suppliers based in countries with weaker currencies could expose themselves to significant risk if the values of those currencies drop too much, while those that sell to certain buyers might make bloated returns that artificially inflate performance reports and revenue projections.

supply chain budgeting 62

supply chain budgeting Raw materials Supply chain Supply 62

Procurement Tactics

NOVEMBER 14, 2022

It encompasses everything from acquiring the raw materials you need to make the product to delivering that product to your customers. . What is Retail Supply Chain Management? The better the two departments work together, the better the result for the company!

Retail Supply Chain 190

Retail Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 190

Procurement Heads

NOVEMBER 15, 2022

I really enjoyed it there and stayed for around four or five years and then decided to make a change and went to probably the smallest organisation I have worked for, a company called Eat, they are a food shop, as one of their two Buyers working for the Procurement Director. The key was to show them their worth straight away.

Raw materials 130

Raw materials Buyers Price Procurement 130

Spend Matters

FEBRUARY 20, 2023

The solution provides digital product passports that could address the demands of consumers and regulators for proven sustainability in complex supply chains, such as those that underpin the chemical, plastic, metal, critical raw material, automotive, electronics, packaging and construction industries.

Supply Chain Efficiency 70

Supply Chain Efficiency Supply chain Raw materials Supply Chain Visibility 70

The Thomas Blog

JULY 26, 2022

Raw material availability is a cornerstone of the U.S. industrial sector, and clearly vital to its growth, and s teel continues to be a top product sourced by buyers. That's because today’s new age of B2B buyers are tech-savvy millennials and they’re researching your services online before contacting you.

Strategy 128

Strategy Buyers Raw materials Import 128

Strategic Sourceror

FEBRUARY 6, 2023

"Graphite always seems to be the forgotten battery material, yet it's in half the battery," Nykoliation said. "It's the largest raw material in the battery." Prospective buyers say the environmental benefits of EVs are fueling their interest.

Raw materials 140

Raw materials Strategic sourcing Strategic sourcing Demand 140

Procurement Heads

FEBRUARY 2, 2023

Procurement at graze is predominantly focused on the raw materials side of things so the biggest spend area for us is our raw materials, by which I mean packaging, ingredients, and bits around consumables as well like PPE, toiletries and those types of things.

Raw materials 130

Raw materials Sustainability Procurement Buyers 130

The Thomas Blog

FEBRUARY 16, 2023

distributes finished component parts and raw materials for the aerospace, defense, power generation, and medical sectors. and Canadian buyers and sellers, it is clear how Thomas has sealed its spot as the top industrial sourcing platform. It also offers residential and commercial options for its products. Aerospace Alloys, Inc.

Suppliers 97

Suppliers Raw materials Buyers Innovation 97

SCMDOJO

FEBRUARY 9, 2022

Machine parts manufacturing companies must rely on their supply chains to obtain and transport raw materials. Once they have the raw materials they need to make a product, they will need to manufacture and distribute it to a marketer to help them sell it to potential buyers.

Supply Chain Efficiency 136

Supply Chain Efficiency supply chain software solutions Supply chain Raw materials 136

Strategic Sourceror

DECEMBER 5, 2022

That's because buyers know that if they can't find a given product, they won't stop searching; they'll try to buy elsewhere — and will likely be successful. Close to 50% of respondents in the SAP survey said they anticipate more raw material shortages in 2023.

Inventory 62

Inventory Strategy Supply Chain Efficiency Management 62

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

Procurement Tactics

NOVEMBER 27, 2022

Companies that incorporate green purchasing in their procurement process consider where to source for raw materials, production, manufacturing, packaging, distribution, reusing, maintenance, and disposal of a product. . Additionally, green purchasing considers the circular economy.

Procurement 191

Procurement Sustainability Purchasing Raw materials 191

NLPA (Next Level Purchasing Association)

MARCH 24, 2022

Determining who should handle logistics depends on both the buyer and seller’s relative and absolute sizes. They do this to replenish raw materials, such as wood, or raise the cost of exports due to criticism for exporting at too low a price. Some forwarders can also deliver the goods from the port of import to the buyer.

Logistics 52

Logistics Export Buyers Raw materials 52

Arkestro

MARCH 13, 2023

Resources / Case Studies / Global pharma firm leverages AI first offers to drive savings and shorten cycle time Global pharma firm leverages AI first offers to drive savings and shorten cycle time Procurement plays a pivotal roll in delivering the equipment and raw materials necessary to efficiently deliver on the critical goals of pharma industry.

Bidding 52

Bidding Raw materials Procurement team Strategic sourcing 52

Positive Purchasing

JUNE 8, 2022

If you have alternatives, your first tactic as a buyer is to say, ‘No. We can ask them for a breakdown that quantifies material, energy costs and labour costs. Raw material prices can be easily quantified as they are published around the world. Let’s say something costs ten euros and the raw materials cost two euros.

Price 52

Price Raw materials Suppliers Negotiation 52

Arkestro

JULY 11, 2023

. “In 2020, we had years’ worth of valuable data at our fingertips, but finding the time to aggregate, analyze, and act on the insights of that data was all but impossible – with new executive staff comes new ideas and that is how we were introduced to Arkestro,” said Patti DeVault , a buyer at Dover Chemical.

Procurement 40

Procurement Raw materials Bidding Procurement team 40

Supply Chain Game Changer

AUGUST 13, 2020

But, is it even possible in 2020 to localize supply chain operations, and remain competitive in industry verticals where cheap foreign labor, production & raw material sources are so prevalent? According to a 2019 B2B buyer survey, about 72% percent of buyers responded that they always or generally prefer to source locally.

Agile and Lean Supply Chain 121

Agile and Lean Supply Chain supply chain budgeting Supply chain Supply 121

Positive Purchasing

SEPTEMBER 22, 2022

As a buyer in procurement , you could be in an awkward spot. It also involves understanding the raw materials and the inputs that go into production and beginning to model the future risk to which an organization is exposed. Big powers are beginning to seize control of future resources. The challenge for procurement.

Procurement 52

Procurement Raw materials Price Risk 52

Arkestro

JULY 10, 2023

Patti DeVault , Buyer at Dover Chemical Corporation The Challenge Sitting on a mound of data Dover Chemicals had recently implemented a maintenance system and initialized a process of using part numbers for their MRO items. Arkestro is not a stagnant platform where you see no growth.

Data 40

Data Bidding Procurement Raw materials 40

Procurement Tactics

SEPTEMBER 9, 2022

Thus, buyers possess the balance of power in the relationship and leverage this strength to gain greater returns. . Supply risk is high when it can be affected by the scarcity of raw materials, government restrictions, natural disasters, disruption in the supply chain, and the low number of suppliers who make the particular product. .

supply chain budgeting 130

supply chain budgeting Purchasing Risk Market analysis 130

Arkestro

DECEMBER 12, 2022

And many consumers and advocacy groups are sensitive to the environmental impact of products or raw materials that may be harvested using forced labor. The relationship between buyers and suppliers remains at the forefront of the procurement process. Managing Supplier Relationships. Managing risk.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

SupplyShift

MARCH 15, 2022

Back in 2019, McKinsey and MSU launched research into the collaboration between suppliers and buyers involving a dozen leading consumer-goods companies in North America along with approximately 15 of each business’s strategic suppliers. As with anything, supplier collaboration comes with its difficulties.

Collaboration 52

Collaboration Sustainability Suppliers Supply Chain Efficiency 52

Arkestro

SEPTEMBER 5, 2023

What that did was buyers were over quoting suppliers causing quote fatigue. Buyers were quoting new programs 3-4x before selecting a supplier and engaging 10-12 suppliers for each round. We had a CEO tell us one time that he wanted suppliers who would answer the call when buyers called on a Saturday morning. Purchasing 3.0

Procurement 52

Procurement supply chain software solutions supply chain budgeting Buyers 52

Procurement Tactics

DECEMBER 26, 2022

Actual Case: The Ministry of Defense of the Kingdom of the Netherlands (MODNL) is a large public sector buyer that employs around 58,000 people across the army, military police, air force, and other supporting roles. . Example 4 — The Ministry of Defense of the Kingdom of The Netherlands Procuring textiles Made From Recycled Fibers.

Procurement strategies 267

Procurement strategies Strategy Procurement Bidding 267

Skill Dynamics

NOVEMBER 4, 2022

These factors create a challenging landscape for supply chain professionals, who need to ensure that raw materials or parts are in the right place, at the right time in the right quantities to enable production and meet consumer demand. However, there is one glaring issue with MRP; it relies on forecasting!

Demand 52

Demand Agile and Lean Supply Chain Management Supply Chain Optimization 52

Procurement Tactics

MARCH 29, 2023

As you are using recycled materials, you can lower the cost associated with raw materials and generate more profit. Economic Benefits A circular economic model can create new business opportunities, jobs, and cost savings. Also, refurbishing and manufacturing products can create jobs in the service and manufacturing sectors.

Sustainability 130

Sustainability Procurement Raw materials Import 130

SCMDOJO

AUGUST 4, 2023

This implementation further lessens the order transmission time without reducing lead time to its final buyers. Reason # 3: Inventory Management Improves Quality Since the use of interchangeable parts and mass production methods, reduce inventory effectively increases the output obtained from raw materials and partially-completed products.

Inventory 90

Inventory Supply Chain Efficiency Supply Chain Optimization Raw materials 90

Supply Chain Game Changer

MAY 23, 2022

A company’s supply chain usually comprises all the operations between sourcing raw materials and delivering the product to customers. It also improves communication with buyers, suppliers, and end consumers, which helps in reducing costs associated with ineffective communication. Subscribe to Supply Chain Game Changer.

Supply chain management 95

Supply chain management Supply chain management Supply Chain Efficiency supply chain budgeting 95

Supply Chain Game Changer

NOVEMBER 19, 2018

From the inbound perspective he Supply Chain team typically procures raw materials, expedites their delivery. Raw Materials, Buyers, Planners, Product Data Management, Commodity Managers, Freight and Logistics, Distributors, Suppliers, Systems (eg. Cost and Profit Management.

Agile and Lean Supply Chain 84

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

Empowering CPO

DECEMBER 14, 2020

Do not attempt a category just because there is a drastic change in the index of the associated raw material. Instead the focus should be on creatively re-designing the base table, so that it is impartial for both buyer as well as the seller.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 52

Spend Matters

JUNE 19, 2023

Buyers can use these default scenarios to create additional customized scenarios. Average optimization solutions have a configurable and extensible data model that allows buyers to define and use as many cost components as they want. Solutions come with a default set of commonly evaluated scenarios.

Sourcing 77

Sourcing Bidding Price Suppliers 77

SCMDOJO

FEBRUARY 6, 2024

One of the essential steps to reduce the lead time is to manage inventories in every form like raw material, semi-finished products, and final goods. It is essential to run a business, but it blocks the money in the form of materials. Experts define inventory as a necessary evil.

Inventory 83

Inventory Supply Chain Efficiency e2e supply chain software solutions 83

SupplyShift

MARCH 15, 2022

Back in 2019, McKinsey and MSU launched research into the collaboration between suppliers and buyers involving a dozen leading consumer-goods companies in North America along with approximately 15 of each business’s strategic suppliers. As with anything, supplier collaboration comes with its difficulties.

Collaboration 40

Collaboration Sustainability Suppliers Supply Chain Efficiency 40

Una

JUNE 8, 2023

Examples could be specialized raw materials or components that are difficult to source but don’t significantly affect the company’s profitability. Presenting your strategic suppliers with a faster way to market is very appealing and a way to stand out amongst other buyers who may have larger volumes of spend.

Suppliers 52

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

Supply Chain Game Changer

MAY 5, 2021

Companies have leveraged digital tools, and evolving skills, to collect vast data about product or raw materials sourcing, transportation, logistics, and manufacturing. For the majority of Supply Chain’s history, this evolution has been driven by a knack for finding efficiency. They must always result from a strategic decision.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain Strategy 52

Supply Chain Game Changer

JUNE 30, 2021

For an eCommerce customer, buyer satisfaction comes with the peace of mind from the unmatched care the goods receive while in transit up to installation. As said earlier, convenience contributes to buyer satisfaction. This benefit is mainly for the seller but still is beneficial for the buyer. Offer Reverse Logistics.

Buyers 98

Buyers Logistics Supply Chain Efficiency Supply Chain Optimization 98