Procurement Tactics

JUNE 28, 2023

Commodities are Tangible products, which usually refer to raw materials that are used as inputs in producing other goods and services. Commodity Trading is the exchange of essential raw materials and goods. It follows the principles of supply and demand as it is the driving force of commodity markets.

Raw materials 178

Raw materials Supply Chain Efficiency Price Market analysis 178

Spend Matters

FEBRUARY 20, 2023

Categories: Procurement Systems & Architecture , Supply Chain Visibility Tags: PRO In this Spend Matters PRO Vendor Analysis, we give an overview of Circularise, a blockchain-based traceability solution that helps companies trace products and materials to verify their origins, certificates, CO2 footprints and other material data.

Supply Chain Efficiency 96

Supply Chain Efficiency Supply chain Raw materials Supply Chain Visibility 96

Jaggaer

OCTOBER 24, 2024

Supplier Collaboration: Driving Innovation and Competitive Advantage In today’s hyper-connected global economy, where supply chains span continents, and industries are interlinked globally, supplier collaboration serves as the foundation to drive innovation and create a future-ready organization. What is supplier collaboration?

Collaboration 52

Collaboration Innovation Suppliers supply chain budgeting 52

SCMDOJO

MAY 29, 2025

Supply chains are the systems that move products from where they are made to where they are needed. Strong HSEQ practices can help supply chains avoid big problems that cost a lot of time and money. This makes HSEQ an essential part of keeping supply chains working well.

Supply Chain Efficiency 52

Supply Chain Efficiency Agile and Lean Supply Chain Supply chain Supply 52

Supply Chain Game Changer

MAY 23, 2022

Subscribe to Supply Chain Game Changer. Why is Supply Chain Management Important? A company’s supply chain usually comprises all the operations between sourcing raw materials and delivering the product to customers. The process of data analysis allows companies to become more efficient.

Supply chain management 98

Supply chain management Supply chain management Supply Chain Efficiency supply chain budgeting 98

Supply Chain Game Changer

NOVEMBER 17, 2022

Subscribe to Supply Chain Game Changer. But, in the current international atmosphere of supply chain troubles and widespread shipping congestion, the topic is a timely one. What are the most cost-efficient techniques for beating the shipping logjam at its own game? Subscribe Here! Email Address. Visual Analytics.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency Supply chain Route optimization 98

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

TYA Suite

MAY 13, 2025

These are typically routine or recurring purchasessuch as office supplies, raw materials, tools, or maintenance servicesthat support the companys ongoing operations. This step often begins with employees or departments noticing a shortfall, whether its raw materials for production, office supplies, or maintenance equipment.

Procurement 40

Procurement supply chain budgeting Supply Chain Efficiency Raw materials 40

SCMDOJO

MARCH 24, 2025

This positive variance is achieved through effective negotiations, efficient internal management, and leveraging market opportunities. Market Fluctuations and Inflation : External factors such as inflation, rising raw material costs, and global supply chain disruptions have a significant impact on procurement costs.

Price 58

Price Purchasing supply chain budgeting Raw materials 58

Supply Chain Game Changer

MARCH 20, 2019

Subscribe to Supply Chain Game Changer. What Supply Chain Management problem does this solve? The biggest problem in the transitional supply chain is lack of open and trustworthy information availability across the supply chain caused by multiple issues – trust, technology and legacy practices being the top ones.

Agile and Lean Supply Chain 96

Agile and Lean Supply Chain Supply Chain Efficiency supply chain software solutions Supply chain 96

SCMDOJO

JUNE 3, 2025

Transparent Costs and Building Strong Supplier Relationships: Discover the valuable role transparency plays in building trust with customers and suppliers. Digital estimators help manufacturers avoid all sorts of disruptions from predicting shipping fees to sourcing raw materials.

Procurement 54

Procurement Supply Chain Efficiency supply chain budgeting Budget 54

TYA Suite

JUNE 2, 2025

From raw materials for manufacturing to office supplies or software subscriptions, these purchases keep the business moving. Whether it's a small company buying in bulk or a large enterprise managing hundreds of suppliers, an efficient purchase process can directly impact cash flow, compliance, and profitability.

Purchasing 40

Purchasing supply chain budgeting Purchase orders Quantity 40

Procurement Insights

APRIL 9, 2025

Agent-Based Solution : Agents represent suppliers, buyers, and logistics providers, sharing data and negotiating terms autonomously. Predictive Risk Mitigation Challenge : Reactive risk management leads to costly supply chain failures. Impact : Lowers supply chain disruption risks by 3040% , ensuring smoother implementations.

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility Supply Chain Optimization Agile and Lean Supply Chain 52

Spend Matters

AUGUST 16, 2022

Recent events and their impacts on business/supply continuity have shown how organizations that had developed strong relationships with their (strategic) suppliers could perform better than those that had not. They were often given access to resources (manpower, inventory, raw materials, etc.) when others were not.

Market analysis 97

Market analysis supply chain software solutions Raw materials Supply Chain Efficiency 97

Supply Chain Game Changer

MAY 5, 2021

Subscribe to Supply Chain Game Changer. Defining the New Normal in Supply Chain! As everyone in Supply Chain Management knows today, the field has come a long way. For the majority of Supply Chain’s history, this evolution has been driven by a knack for finding efficiency. Email Address.

Supply Chain Efficiency 59

Supply Chain Efficiency supply chain software solutions Supply chain Strategy 59

Spend Matters

JANUARY 17, 2024

It also contributes to mitigating supply chain risks, fostering transparency in supplier relationships and supporting long-term strategic planning. Understanding the evolution of commodity prices is crucial for procurement professionals.

Raw materials 57

Raw materials Supply Chain Efficiency supply chain budgeting Strategic planning 57

SCMDOJO

DECEMBER 14, 2023

In supply chain management, total lead time is a crucial metric encompassing the period from customer order to delivery, be it in B2B or B2C scenarios. As a critical supply parameter, managing lead time is essential for mitigating uncertainties in the supply chain.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization Real-time Visibility 98

SCMDOJO

FEBRUARY 6, 2024

To mitigate the issues of the end-to-end supply chain and cope with customer expectations, organizations are constantly focusing on reducing the delivery lead time. 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.

Supply Chain Efficiency 105

Supply Chain Efficiency Inventory e2e supply chain software solutions 105

Strategic Sourceror

MAY 12, 2022

With manufacturers responsible for approximately 11% of the United States' gross domestic product and employing nearly 8% of the nation's workforce, many of the supply chain problems the country is encountering have fallen squarely on the industry's broad shoulders. Expansive though they may be, manufacturers are feeling the pressure.

supply chain software solutions 52

supply chain software solutions Supply Chain Efficiency Supply chain Strategy 52

Procurement Templates

JANUARY 17, 2024

How is this considered throughout the supply chain and reported at a senior level. Organisation undertakes a full assessment of the waste within the supply chain in relation to risk-based existing contracts. undertakes a full assessment of the waste within the supply chain in relation to risk-based existing contracts.

Demand 130

Demand Management Buyers Purchasing 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 98

Inventory Supply Chain Efficiency Supply Chain Optimization Raw materials 98

Strategic Sourceror

DECEMBER 5, 2022

Prior to the pandemic, just-in-time inventory — the supply chain management strategy of keeping "just enough" inventory in stock to satisfy expected demand — was considered conventional wisdom. An excess inventory strategy may be the new best practice for supply chain efficiency.

Inventory 62

Inventory Strategy Supply Chain Efficiency Management 62

Arkestro

JUNE 25, 2024

Resources / Blog / Oil and Gas Supply Chain Procurement Innovation at Scale with Arkestro Oil and Gas Supply Chain Procurement Innovation at Scale with Arkestro For the oil and gas industry, the last few years have been anything but easy. Within these touch points are many other varied points.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Innovation Supply chain 52

Supply Chain Game Changer

NOVEMBER 23, 2018

Growing global complexity in supply chain management has forced organizations to look towards technology as their silver bullet; serving as the missing link between people (supply chain actors) and the ability to collaborate at scale. Check out What Exactly is Blockchain? And How Does it Work? Infographic).

Supply Chain Efficiency 66

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 66

Jaggaer

JULY 4, 2024

Well partly because it’s what the public demands but more urgently because carbon accounting impacts a company’s valuation and future prospects Thus carbon reduction has significantly expanded procurement’s traditional mandate to deliver cost reduction, quality assurance and efficiency with this new dimension.

Strategic sourcing 59

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 59

EazyStock

APRIL 18, 2023

Supply chain managers and inventory management professionals face a constant barrage of supply chain crises, with one always waiting around the corner. With every crisis comes the potential for supply chain disruption that can cause chaos for stock-holding businesses. Global supply chains.

Supply Chain Optimization 52

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

SupplyShift

MARCH 15, 2022

Understanding the differences between supply chain monitoring, management, and collaboration is vital. With all of the supply chain disruptions and procurement challenges regarding sourcing in 2021, it’s impossible to reach sustainability goals alone. The Benefits of Collaboration.

Collaboration 52

Collaboration Sustainability Suppliers Supply Chain Efficiency 52

SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. Sourcing plays a crucial role in building strong supplier relationships and achieving cost-effectiveness in the supply chain. Stocking: Stocking relates to the physical storage and management of inventory within a supply chain.

Procurement 105

Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 105

Procurement Software

JULY 9, 2024

Direct procurement involves acquiring raw materials and components essential for your production process. These tend to place emphasis on driving cost savings, improving data quality and driving transactional efficiency. This section explores how tech can enhance efficiency in each area.

Raw materials 40

Raw materials supply chain software solutions Procurement Supply Chain Efficiency 40

Supply Chain Game Changer

NOVEMBER 25, 2018

Yes, AI technology isn’t the end but only a means towards effectiveness and efficiency, improved innovative capabilities, and better opportunities. The model is designed to help financial services companies map buyer personas, simulate “future selves” and anticipate customer behavior. Automation Efficiency and AI.

Supply Chain Efficiency 69

Supply Chain Efficiency Agile and Lean Supply Chain Buyers supply chain software solutions 69

Supply Chain Game Changer

AUGUST 21, 2020

Subscribe to Supply Chain Game Changer. But also, to ensure your buyer or consumer is investing in the best they can find. Logistical efficiency is also important. appeared first on Supply Chain Game Changer™. Subscribe Here! Email Address. A Tale of Two Companies: Different Quality Management Beliefs!

Quality management 75

Quality management Quality Management supply chain budgeting 75

TYA Suite

MAY 14, 2023

A source-to-pay system might be helpful for organizations that need to evaluate new vendors who offer better purchasing terms, lower costs, or new commodities that are not supplied by existing vendors. E-auctions are a commonly used strategy that sourcing teams use to find the greatest prices on products and raw materials.

Sourcing 52

Sourcing Raw materials Purchase orders Quantity 52

Zycus Cognitive Procurement

FEBRUARY 14, 2022

The first step to building a resilient supply chain is strengthening your relationships with suppliers. The slow supply chain recovery post-pandemic, along with increased volatility and disruptions due to factors like climate change – means key partnerships can make or break your business moving into the new year.

Suppliers 52

Suppliers Supply Chain Efficiency Supplier relationship management Vendor relationships 52

Arkestro

OCTOBER 3, 2024

Such programs add more reporting requirements, costs on imported parts, and other considerations to an already complex supply chain. Overall, procurement has seen more requirements around tracking raw materials and origin throughout the supply chain. It’s anything but easy to manage.

Procurement 52

Procurement Procurement team Supply Chain Efficiency supply chain budgeting 52

Finale Inventory

MARCH 28, 2024

Armed with modern tools for managing inventory and warehousing, know that you can reduce waste and boost efficiency to help your business achieve sustainability goals. They’re also overhauling operations to increase efficiency and reduce environmental impact – and consumers increasingly appreciate these behind-the-scenes efforts.

Supply Chain Efficiency 52

Supply Chain Efficiency Raw materials Sustainability Inventory 52

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. Contract A legally binding agreement between a buyer and a seller. In the supply chain process, a PO is issued to a supplier by a buyer ordering goods.

Procurement 52

Procurement Bidding Supply Chain Efficiency supply chain software solutions 52

Supply Chain Game Changer

NOVEMBER 22, 2018

Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? He had been with this company for decades and built not only the sales network, production, but also worked in systemizing supply chain and sourcing (in the hundreds of millions of dollars). Landgraf, CEO at Above the Standard ( [link] ).

supply chain budgeting 79

supply chain budgeting Procurement Supply Chain Efficiency supply chain software solutions 79