Spend Matters

JANUARY 10, 2024

Many category managers and buyers struggle with data transparency and aggregation. Here’s why Covalyze Matters: To the market — Covalyze offers deep parts analysis (price/cost-focused) for direct materials using AI to scan historic and customer-specific data. This content is for members only.

Raw materials 84

Raw materials Category management Buyers Price 84

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 76

Price Raw materials Management Buyers 76

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

Empowering CPO

DECEMBER 14, 2020

To answer this question, it is much simpler first to list down the reasons as to when a specific category should be taken up for Strategic Sourcing. This helps a procurement organization to list down its plan for the New Year and identify categories that should be taken up for sourcing. Once every year is the right frequency.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 52

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 64

Supply Chain Efficiency Supply chain Raw materials Supply Chain Visibility 64

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. Brought to you by the StrategicSourceror.

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. What keeps you enthused about procurement?

Raw materials 130

Raw materials Sustainability Procurement Buyers 130

Planergy

AUGUST 8, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. 6 Types Of Procurement Methods There are six commonly used procurement methods used when sourcing and evaluating suppliers for procurement. How to gain visibility and control of your indirect spend.

Sourcing 52

Sourcing Suppliers Procurement Bidding 52

Spend Matters

AUGUST 16, 2022

They were often given access to resources (manpower, inventory, raw materials, etc.) To potential buyers — To potential buyers: SupplierBase is more than its features. when others were not. Also, such organizations supported suppliers who needed it. Read more. ).

Market analysis 65

Market analysis supply chain software solutions Raw materials Supply Chain Efficiency 65

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. Brought to you by the StrategicSourceror.

Inventory 62

Inventory Strategy Supply Chain Efficiency Management 62

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. Join the 1.3

Suppliers 97

Suppliers Raw materials Buyers Innovation 97

Procurement Software

MAY 21, 2024

Existing automated sourcing and negotiation software is geared towards one-time spend which can’t be covered by classic e-procurement or outsourced integrator strategies. It’s therefore reasonable to assume that this will make the classic plant or location-based tactical buyer role redundant. We’re starting to get there.

Supplier negotiation 52

Supplier negotiation Negotiation Suppliers Procurement 52

Una

MARCH 6, 2023

Innovation” can simply mean finding smarter ways to do things by tweaking a process, removing waste, or speeding up time-to-source. How to innovate: Identify the most manual and time-consuming part of your sourcing cycle, look at the solutions available, automate it , and move on to the next.

Innovation 98

Innovation Purchasing Agile and Lean Supply Chain Supplier relationship management 98

Procurement Templates

JANUARY 17, 2024

They want very much to believe that they’re building lasting ties with buyers—but they’re not. Customers may gratefully accept the planning help today but, if switching costs are low, they may accept concessions from another source tomorrow. The always-a-share buyer is likely to have a short time horizon in its ties with suppliers.

Demand 130

Demand Management Buyers Purchasing 130

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. . You also have the choice to source for suppliers who already implemented sustainability in their processes.

Procurement 191

Procurement Sustainability Purchasing Raw materials 191

Supply Chain Game Changer

AUGUST 13, 2020

Many supply chain, sourcing & procurement teams have been asked to row upstream without a paddle during this time of crisis. Many trusted sources accredit global GDP growth during the last 15–20 years, widely to the spread of globalization. This raises the question…. Is COVID19 the death of Global Supply Chains?

Agile and Lean Supply Chain 121

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

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

Pipefy

JANUARY 31, 2023

For example, direct procurement is used to source and obtain parts, materials, and services to support the manufacturing of a product. sourcing a specific product or part from a specific supplier) and for indirect procurement to involve more flexibility (i.e. no sourcing restrictions).

Purchase orders 59

Purchase orders Purchasing Procurement Quantity 59

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

Procurement Heads

JANUARY 4, 2023

Even at that point blue chip corporations recognised the value of procurement and understood that when you’ve got substantial third-party spend, it’s important to use strategic sourcing approaches. As a Buyer at British Airways, I bought a range of different categories from engineering spares to airport services.

Supply Chain Efficiency 246

Supply Chain Efficiency Sustainability Agile and Lean Supply Chain Suppliers 246

Arkestro

MARCH 13, 2023

They turned to Arkestro strategic sourcing software powered by AI. It not only impacts individuals for cross-functional teams, but also the buyer who needs to juggle internal stakeholders, invited suppliers, and ongoing discussions and analysis. A lot of time. For Bel Brands, this is a substantial cost for a multitude of stakeholders.

Bidding 52

Bidding Procurement Strategic sourcing Strategic sourcing 52

Positive Purchasing

SEPTEMBER 22, 2022

Alternative sources. For some materials there are substitutes but, for many of these resources, there are none. This may sound far-fetched, but the moon has huge, vast sources of minerals. As we begin to exhaust the earth’s commodities, the moon and other planets are a potential source of future resources.

Procurement 52

Procurement Raw materials Price Risk 52

SCMDOJO

APRIL 22, 2022

NFTs supply a sole source of truth. The cycle of building better supply chain collaborations begins by having one single fact from seller’s seller to buyer’s buyer. To streamline the procurement operations, a critical point is to have 100% transparency from the supplier’s and buyers’ sides.

Supply Chain Efficiency 137

Supply Chain Efficiency Supply chain Real-time Visibility Supply 137

Supply Chain Game Changer

SEPTEMBER 29, 2020

Negotiations and sourcing decisions were made which focused on just in time delivery, supplier/vendor managed inventory and greater flexibility conditions surrounding the delivery of goods and increases/decreases in supply. Raw Material Management. Buyers historically purchased materials in a very indistinguishable manner.

Inventory 90

Inventory Raw materials Supply Chain Optimization Demand 90

Pipefy

JANUARY 31, 2023

Bid award Also known as a contract award, this is the final phase of the bidding process, in which the buyer chooses a winning bidder and enters into a contract with their organization. These awards are legally binding source documents containing terms, conditions, and pricing of the goods or services.

Procurement 52

Procurement Bidding Supply Chain Efficiency supply chain software solutions 52

Finale Inventory

MARCH 28, 2024

As buyers seek out transparency in product sourcing and consider the environmental impact of services like overnight order delivery, their support for sustainable practices is growing. Placing larger orders than necessary from suppliers requires more raw materials and packaging and uses more fuel for shipments.

Supply Chain Efficiency 52

Supply Chain Efficiency Raw materials Inventory Sustainability 52

Strategic Sourceror

MAY 12, 2022

Ideally, it's best to partner with those companies that provide the most essential parts, fabrics or raw materials that you use during production. In other words, have standby suppliers for the materials you can't do without. In other words, nothing is a guarantee, even your most reliable suppliers.

supply chain software solutions 52

supply chain software solutions Supply Chain Efficiency Supply chain Strategy 52

Procurement Tactics

JUNE 26, 2023

Additionally, the geopolitical tension between these two countries caused significant supply chain disruption as the majority of US sourcing companies withdrew their investments from China and started procuring goods from other countries such as Taiwan, Vietnam, and Australia. Thus, this explains the slow US dropshipping growth.

Price 195

Price Suppliers Negotiation Real-time Visibility 195

Procurement Tactics

DECEMBER 26, 2022

Setting the appropriate strategy in procurement is the first step to improving control and effectiveness of the overall procurement and sourcing activities. Ultimately, the energy to transform raw materials and manufacture new fibers in the production of textiles has great carbon emissions. .

Procurement strategies 267

Procurement strategies Strategy Procurement Bidding 267

Una

JUNE 8, 2023

In this article, we explore the factors that make a supplier strategic, touch on the popular Kraljic Matrix, and gain some valuable insights on strategic suppliers from Chandhrika Venkataraman, a former guest on The Sourcing Hero podcast. What makes a supplier strategic - and why does it matter? You can listen to the full episode here.

Suppliers 52

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

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. Through knowledge management, supply chains have access to more complete and accurate information within the organization and external sources. Subscribe to Supply Chain Game Changer.

Supply chain management 95

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

Procurement Software

MARCH 5, 2024

At its heart is a source-to-pay suite offering a range of functionality, with a complete suite of cloud-based modules. It helps clients conduct supply chain due diligence and meet emerging compliance obligations related to modern slavery, climate change, and sustainable sourcing. The platform assists you in finding available parts.

Real-time Visibility 52

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

Supply Chain Game Changer

NOVEMBER 23, 2018

In any company or industry that sells products the cost of the raw materials and components is often the single largest expense. I use the term Commodity Management to represent the strategic procurement of materials regardless of what specific industry or company vernacular you may use. Diversity in sourcing.

Category management 61

Category management Strategy Raw materials Management 61

Arkestro

MAY 7, 2024

Single-sourced items were now competitively quoted due to Arkestro’s suggested pricing. By adding all MRO to Arkestro, Dover can use the platform as a single source of truth for documentation vs. emails. Some of the goals on Dover’s future Akestro roadmap include: Incorporating 20% of raw materials as platform events.

Procurement 52

Procurement Data Raw materials Price 52

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

Supply Chain Action Blog

FEBRUARY 25, 2021

In most manufacturing firms, the largest single expenditure of cash is for the acquisition of raw materials and their transformation and distribution , namely, the cost of goods sold. Supply chain planners or buyer/planners are people who must determine how much should be procured, when, and where.

Inventory 52

Inventory Raw materials Supply Chain Optimization Bill of materials 52