Procurement Tactics

JUNE 6, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Inventory Forecasting — Everything You Should Know Inventory forecasting allows you to predict when supply chains and consumer demand are going to change. However, what is it?

Inventory 170

Inventory Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 170

SCMDOJO

MARCH 25, 2022

In the current era, it is clear that new modes of production are concomitant with new modes of distribution, which advances the field of logistics, the science of physical distribution or even supply chain management. Reminder of Key Definitions – Logistics & Supply Chain Management. and J-P Rodrigue (2004)).

Supply Chain Efficiency 138

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Logistics 138

SCMDOJO

MAY 2, 2024

The COVID-19 pandemic, along with disruptions such as Brexit, trade wars, and geopolitical tensions, has highlighted the need for business leaders to take a closer look at their supply chains to strike a balance between resilience and efficiency. Enroll in the Full Course offered by our expert Vera Rozanova on Supply Chain Resilience!

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Supply Chain Optimization 98

ivalua

DECEMBER 14, 2020

The pandemic wreaked havoc on businesses and their supply chains, but even in these trying times, there’s a silver lining. The job of sourcing professionals is to understand the risk in the supply chain and manage it so they can react quickly when a problem occurs.” But cost reduction is no longer sufficient.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Procurement 130

TYA Suite

MAY 13, 2025

This is where operational procurement proves its true value. But what exactly does procurement operations mean, and why is it so important? In this blog, well explore the true meaning of operational procurement, how it supports core business functions, and the impact it can have on overall performance.

Procurement 40

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 40

SCMDOJO

MAY 2, 2024

The COVID-19 pandemic, along with disruptions such as Brexit, trade wars, and geopolitical tensions, has highlighted the need for business leaders to take a closer look at their supply chains to strike a balance between resilience and efficiency. Enroll in the Full Course offered by our expert Vera Rozanova on Supply Chain Resilience!

Agile and Lean Supply Chain 91

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Supply Chain Optimization 91

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

Procurement Insights

APRIL 13, 2025

As noted in previous posts, the Procurement Insights blog doesnt explicitly detail a learning loopback process for self-learning algorithms. However, past posts imply an iterative, adaptive mechanism within an Agent-based Metaprise model, where autonomous agents refine procurement decisions (e.g., cost predictions, supplier scoring).

Ethics 52

Ethics Supply Chain Optimization Export Data 52

IBM Supply Chain Blog

FEBRUARY 13, 2024

In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

Planergy

MARCH 12, 2025

Download Free Copy Reshoring vs Nearshoring: Key Differences and Business Benefits Category Inventory Written by Lyle Del Vecchio 16 min read Tags Procurement Supply Chain Management Last edited March 12, 2025 Download PDF IN THIS ARTICLE What is Reshoring? Benefits of Reshoring Challenges of Reshoring What is Nearshoring?

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization supply chain software solutions 52

SCMDOJO

SEPTEMBER 19, 2024

In supply chain management, the bullwhip effect occurs when slow-moving consumer demand at the retail level produces significant fluctuations in production at the manufacturer and supplier levels. Hence, it’s also referred to as demand amplification. inventory shortage).

Supply chain management 70

Supply chain management Supply chain management Agile and Lean Supply Chain supply chain software solutions 70

Strategic Sourceror

AUGUST 3, 2022

Product shortages were a common sight throughout much of the country, due in part to supply chain bottlenecks, so stocking up wherever possible made sense. Sales have also tempered for big box giants like Target and Walmart. In response, their respective inventories have swelled. Brought to you by the StrategicSourceror.

Inventory 104

Inventory supply chain budgeting Supply Chain Optimization Consumer demands 104

Arkestro

JULY 30, 2024

Resources / Blog / Cars on Demand: Production to Order is Changing the Automotive Industry’s Supply Chain Cars on Demand: Production to Order is Changing the Automotive Industry’s Supply Chain The automotive industry has always been at the forefront of implementing innovative production methods to meet consumer demands efficiently.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Demand 52

NLPA (Next Level Purchasing Association)

SEPTEMBER 30, 2024

This change is particularly relevant for procurement and purchasing professionals. As businesses strive for greater efficiency and cost savings, automation reshapes how warehouses function and how goods move through the supply chain. This allows procurement teams to fulfill orders faster and more accurately.

Purchasing 52

Purchasing Supply Chain Efficiency Supply Chain Optimization Procurement 52

Finale Inventory

SEPTEMBER 4, 2024

As ecommerce continues to expand, supply chain traceability has become a key factor for small businesses. This article examines why supply chain traceability matters and how Finale Inventory can assist small businesses in achieving it.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Inventory 52

Supply Chain Opz

JANUARY 22, 2016

Then, executives need supply chain technology to stay ahead of the game. Markus Rosemann, Vice President for Logistics and Order Fulfillment, SAP There is a great opportunity for technology to relate massive amounts of data from sensors, telematics systems and RFID tagged items in the Supply Chain and Logistics industries.

Supply Chain Efficiency 49

Supply Chain Efficiency supply chain software solutions Supply Chain Optimization Supply chain 49

Arkestro

OCTOBER 10, 2023

Resources / Blog / AI Revolution in Oil and Gas Procurement: Streamlining Operations for Success AI Revolution in Oil and Gas Procurement: Streamlining Operations for Success The COVID-19 pandemic forced countless industries to become more lean, agile, and innovative, and the oil and gas industry was no exception to the trend.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 52

Supply Chain Game Changer

NOVEMBER 22, 2018

Check out What is Virtual Procurement and Why Should You Care? Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? Secondarily, we will include information from other procurement professionals and procurement firms about their experiences, what they forecast, and what they are seeing.

supply chain budgeting 63

supply chain budgeting Procurement Supply Chain Efficiency supply chain software solutions 63

Finale Inventory

JULY 1, 2024

Are you interested in learning about the world of the F&B supply chain? In this article, we will walk you through the basics, key components, role of inventory management, challenges, and technological innovations in the F&B supply chain. One important aspect of the F&B supply chain is inventory management.

Supply Chain Efficiency 40

Supply Chain Efficiency Supply Chain Optimization Inventory supply chain software solutions 40

Empowering CPO

MAY 11, 2023

The Importance of Sustainable Procurement In today’s rapidly evolving global economy, businesses and organizations must look beyond traditional procurement practices to ensure long-term success and positive impact. Understanding Sustainable Procurement A.

Sustainability 52

Sustainability Procurement Supply Chain Efficiency Raw materials 52

Supply Chain Game Changer

MARCH 6, 2019

Subscribe to Supply Chain Game Changer. 7 KPIs Your Procurement Team May Be Ignoring! Procurement is a business function that has undergone a lot of change in the last few years. As a believer in the power of procurement, this recognition makes me happy. Subscribe Here! Email Address. Responsible Sourcing.

Procurement 50

Procurement Procurement team Supply Chain Efficiency Innovation 50

Supply Chain Game Changer

MARCH 13, 2019

Subscribe to Supply Chain Game Changer. Understanding more about the needs and wants of customers can help supply chain leaders make informed decisions, improve inventory management, and increase profitability. However, what is demand sensing? Subscribe Here! Email Address. Solving the Out of Stock Problem!

Demand 51

Demand Supply Chain Optimization supply chain software solutions Inventory 51

The Good Spending

OCTOBER 11, 2021

Supply chains evolving into demand networks Supply chain management overlooks the end-to-end production flow of goods or services — from the raw materials to the final product delivery to the end consumer. With the rise of information technologies, the role of consumers has become dominant in supply chains.

Demand 52

Demand Supply Chain Efficiency Management Raw materials 52

TYA Suite

NOVEMBER 25, 2024

Sustainable procurement is a growing approach that focuses on purchasing goods and services with consideration for their environmental, social, and economic impacts. Defining the concept of sustainable procurement. One of the often-overlooked benefits of sustainable procurement is its potential for significant cost savings.

Sustainability 40

Sustainability Import Supply Chain Efficiency Procurement 40

Finale Inventory

JULY 29, 2024

A dealer acts as an intermediary within the supply chain, connecting manufacturers or distributors with end customers. Operating across various industries such as automotive, electronics, or consumer goods, dealers are key in bringing products to the market. Defining the Terms: Dealer and Distributor What is a Dealer?

Inventory 52

Inventory Supply Chain Efficiency Vendor relationships Supply Chain Optimization 52

Finale Inventory

JULY 17, 2024

Proper understanding of merchandise planning allows ecommerce businesses to optimize profitability, minimize risks , and deliver an exceptional customer experience. It plays a vital role in aligning inventory levels with consumer preferences , maximizing sales potential, and optimizing the overall profitability of an ecommerce business.

supply chain software solutions 52

supply chain software solutions Inventory Demand Supply Chain Optimization 52

TYA Suite

NOVEMBER 25, 2024

This approach can lead to poor choices that may impact product quality and supply chain stability. This can lead to significant problems, such as receiving low-quality products, experiencing delays in delivery, or facing supply chain disruptions. Strategic sourcing actively incorporates risk management into the.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 40

Pipefy

JULY 31, 2023

While these processes don’t generate revenue, optimizing and automating them can reduce operational costs and improve process efficiency — both of which lead to long-term business benefits. Procurement processes Procurement processes are a good candidate for automation due to the many steps in the approval process.

supply chain software solutions 52

supply chain software solutions e2e Agile and Lean Supply Chain Real-time Visibility 52

Procurify

JUNE 21, 2022

The global supply chain took a massive hit during the Covid-19 pandemic, and its effects on organizations continue to this day. From increasing consumer demand, to labor shortages and surging shipping costs , companies all around the world have to deal with multifaceted challenges. Written by: Ruya Yonak.

Purchase orders 52

Purchase orders Purchasing Supply Chain Optimization Suppliers 52

Planergy

SEPTEMBER 5, 2023

Budget Forecasting Challenges Economic Uncertainty Unpredictable market conditions, such as consumer demand fluctuations, interest rate changes, or shifts in global economic trends, can impact your revenue projections and expense estimates.

supply chain budgeting 92

supply chain budgeting Budget Real-time Visibility Spend management 92

Supply Chain Brain

JANUARY 15, 2018

Such moves are driven solely by increased consumer demand, not the sudden availability of mad money that can be used for any number of purposes. Should the economy continue to perform strongly, the resulting bump in consumer demand might well drive companies to invest their substantial cash reserves in new production capacity.

Consumer demands 40

Consumer demands Demand Inventory Risk 40

ivalua

MAY 7, 2020

But few remember the stress the 2011 event placed on global supply chains. . The interdependence of the global supply chain guaranteed the effects would extend far beyond the Japanese economy. . Thankfully, by 2011 the global supply chain had an arsenal of weapons to help combat the economic aftershocks of the disaster.

Supply Chain Optimization 130

Supply Chain Optimization Supplier relationship management Supply chain Risk 130

Arkestro

JULY 18, 2023

Unfortunately for supply chain and manufacturing executives, disruption is still the name of the game. Between volatile geopolitical environments, increasing regulations, and shifting consumer demand, economic uncertainty is hitting various areas of the supply chain and manufacturing industries hard.

Supply Chain Optimization 52

Supply Chain Optimization supply chain software solutions Agile and Lean Supply Chain Supply Chain Efficiency 52

SCMDOJO

NOVEMBER 9, 2023

By employing the right Inventory Control Techniques, you can ensure that your business maintains a sufficient stock level to meet consumer demand. Establishment of Annual Stocking Procedure This Procedure mandates the discerning selection of both upper and lower thresholds for inventory and supplies maintenance within the warehouse.

Inventory control 105

Inventory control Inventory supply chain budgeting Supply Chain Optimization 105

IBM Supply Chain Blog

FEBRUARY 14, 2024

Process automation is often centered on efforts to optimize spend, achieve greater operational efficiency and incorporate new and innovative technologies, which often translate into a better customer experience. Generative AI can speed and optimize product design by helping companies create multiple design options.

Real-time Visibility 82

Real-time Visibility Data Supply Chain Efficiency Supply Chain Optimization 82

Arkestro

MAY 29, 2025

Resources / Blog / How Procurement Teams Can 3X Their Influence Without Adding Resources How Procurement Teams Can 3X Their Influence Without Adding Resources Nearly 80% of procurement professionals say theyre under pressure to streamline processes, reduce errors, and deliver results faster all without extra resources.

Procurement team 52

Procurement team Influencing Agile and Lean Supply Chain Procurement 52

Let's Talk Supply Chain

FEBRUARY 18, 2025

In a rapidly changing world where climate change is at the forefront of environmental concerns,the impact on supply chains and logistics cannot be ignored. Host Sarah Barnes Humphrey dives into the intersection of cold chain logistics,two-day shipping,and the evolving landscape of supply chain operations.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Sustainability Logistics 52