TYA Suite

MAY 13, 2025

What it is: Companies can reduce costs by outsourcing certain tasks to third-party providers. How it works: Instead of maintaining a large in-house team for activities like logistics, IT support, or customer service, you outsource to specialists. Demand forecasting and usage patterns were analyzed to minimize overstocking.

Strategy 40

Strategy Import Procurement Raw materials 40

TYA Suite

JUNE 2, 2025

Strategic purchasing contributes to competitive advantage by reducing the total cost of ownership and improving 2. Grouping similar purchases together can lead to volume discounts and lower logistics costs.

Purchasing 40

Purchasing supply chain budgeting Purchase orders Quantity 40

TYA Suite

MAY 23, 2025

Collaborative efforts can also identify cost-saving opportunities, such as bulk purchasing or optimized logistics, resulting in overall cost reductions for both parties. It's essential to evaluate the total cost of ownership, including any setup fees, subscription costs, and potential costs for additional users or features.

supply chain software solutions 40

supply chain software solutions Collaboration Suppliers Supply Chain Efficiency 40

SCMDOJO

APRIL 11, 2025

Struggling with the true cost of ownership or serving your customers? From Data to Action: Interpreting and Improving using SCMDOJO’s Procurement and Supply Chain Scorecard Heres how to assess performance and take corrective action: High TCO: Assessment: Are hidden costs (logistics, maintenance) driving up the total?

Supply Chain KPIs 72

Supply Chain KPIs Agile and Lean Supply Chain Supply Chain Efficiency supply chain software solutions 72

Skill Dynamics

APRIL 24, 2025

It includes procurement but also spans logistics, production, inventory management, and distribution. Instead, aligned procurement and supply chain teams look for strategic cost savings – opportunities to reduce spend without compromising on quality or service. An inaccurate demand forecast can throw procurement plans into chaos.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

Jaggaer

APRIL 9, 2025

Together, an ERP and an MES create an integrated network that provides a holistic view of finance, procurement, supply chain management, manufacturing logistics etc. But investigate the total cost of ownership (TCO) rather than price alone consider licensing, implementation, maintenance, and training costs.

Supply Chain Efficiency 52

Supply Chain Efficiency Agile and Lean Supply Chain Raw materials supply chain software solutions 52

Jaggaer

JANUARY 23, 2025

Given the Trump administrations interest in eliminating or reducing regulatory burdens, producing in the USA may further enable them to reduce costs. You may face new logistical challenges. All of this requires close attention.

Export 52

Export Supply Chain Efficiency Raw materials supply chain budgeting 52

Positive Purchasing

APRIL 3, 2025

Consider: What are the areas of supply that we can switch onshore or otherwise to avoid tariff impact easily, where there is market capacity and we can secure comparable, or minimal additional total cost of ownership?

Negotiation 52

Negotiation Procurement supply chain budgeting Price 52

Supply Chain Brain

JUNE 23, 2025

Diesel trucks are major contributors to nitrogen oxide and particulate matter pollution — substances directly linked to respiratory diseases, cardiovascular problems and premature deaths, particularly in disadvantaged communities near highways and logistics hubs. at 29% of the total.

Supply Chain Optimization 91

Supply Chain Optimization supply chain software solutions Supply Chain Efficiency Real-time Visibility 91

Supply Chain Game Changer

AUGUST 30, 2022

Many businesses use some form of Total Cost of Ownership model to support their Procurement and sourcing decisions. What is the current nature of these Total Cost of Ownership models, and what needs to change to make their use more robust and responsive? What is a Total Cost of Ownership Model?

Cost of ownership 105

Cost of ownership Procurement Supply Chain Optimization Price 105

Supply Chain Game Changer

AUGUST 4, 2020

While people everywhere scramble to restore supply lines, logistics operations and continuity of supply the break downs in those Supply Chains must be addressed for the long term. The Coronavirus pandemic has exposed tremendous flaws in our global Supply Chains, regardless of business, industry, government or country.

Supply chain 128

Supply chain Cost of ownership Supply Logistics 128

SCMDOJO

JULY 3, 2023

Given the involvement of third parties and the numerous consequential efforts in procurement, it becomes crucial to prevent any shortcomings in processes to ensure logistical success. Gain valuable insights and knowledge to effectively manage total cost of ownership in today’s evolving business landscape.

Cost of ownership 98

Cost of ownership Procurement Category management supply chain software solutions 98

SCMDOJO

JULY 29, 2022

That the only relevant costs are holding costs, setup and ordering costs : [3]. We recommend taking a very detailed course by SCMDOJO Expert Corey Weekes on T otal Cost to Ownership & Serve. Bowersox, Supply Chain Logistics Management. Bowersox, Supply Chain Logistics Management. References.

Quantity 131

Quantity Supply chain management Supply chain management Supply Chain Efficiency 131

ivalua

OCTOBER 28, 2015

This includes sourcing, supply chain, logistics, product management, and even key senior executives. This includes total cost of ownership data, detailed supplier profiles, and external business intelligence. Create a specific data map. See below for examples. Create a collaborative information analysis process.

Suppliers 100

Suppliers Cost of ownership Collaboration Price 100

SCMDOJO

SEPTEMBER 19, 2024

If you graduated from a program focusing on supply chain management or completed professional certification in procurement, the coursework and educators always say that piece price isn’t the total cost of ownership of the item purchased. Everyone agrees with this view, including executives and boards.

Price 98

Price Suppliers Cost of ownership Purchasing 98

Una

MARCH 16, 2023

It’s Joe from logistics. If the procurement team in this example had more influence, the logistics manager wouldn’t have dreamed of making this sort of decision without first engaging them. Hi, is that the procurement team? Why wasn’t procurement involved in this conversation?

Influencing 105

Influencing Procurement Cost of ownership Supplier relationship management 105

SCMDOJO

APRIL 11, 2023

‘Warehouse Management in Logistics & Supply Chain Management’ by Udemy Warehouse management is a crucial aspect of logistics and supply chain management. This course covers the role of the warehouse, types of warehouse operations, warehouse location, and specialized warehousing.

Supply chain management 116

Supply chain management Supply chain management supply chain software solutions Supply chain 116

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. The TMS selection and implementation process is fraught with challenges and liabilities for those tasked with driving it. The answer is absolutely, “YES!” It can be done.

Cost of ownership 61

Cost of ownership Buyers Logistics Change management 61

Skill Dynamics

MARCH 12, 2024

Throughout the course, attendees will learn about the importance of accurate and detailed information to make informed decisions in cost optimization strategies. Calculating the Cost Breakdown: This process involves working with cost, finance, logistics and manufacturing process experts.

Cost optimization 69

Cost optimization Cost of ownership Procurement Strategy 69

Jaggaer

APRIL 22, 2019

Despite a perception from some buying organizations that sustainability requirements for suppliers cost more, these programs can actually help companies uncover new ways to trim costs (e.g. using a total cost of ownership strategy) and identify key risks (and related costs) to avoid.

Sustainability 91

Sustainability Supply Chain Efficiency Procurement supply chain software solutions 91

SCMDOJO

JULY 18, 2024

While biofuels might have slightly higher initial costs, government incentives can help offset the difference. Evaluating the total cost of ownership, including fuel prices, maintenance requirements, and government incentives, is crucial when considering alternative fuels (Department for Transport, 2005c).

Supply Chain Efficiency 105

Supply Chain Efficiency Cost of ownership Sustainable transportation Supply Chain Optimization 105

Supply Chain Collaborator

FEBRUARY 24, 2017

Here are some of the ways your TMS sucks and how engaging a better solution could improve your transportation logistics and boost your company’s competitive advantage. So, even though it may be delivered in the cloud, the transaction-based pricing model prevents you from capturing the cost savings promised by SaaS delivery in the first place.

Cost of ownership 60

Cost of ownership Bidding Logistics Price 60

SCMDOJO

APRIL 3, 2022

Procurement eAuctions may be used in a multitude of sectors and domains, including industrial machinery, supply chains and logistical operations, telecommunications, commodities, and business technical support programs. What is Total Cost of Ownership? Supporting Content to Read & Watch. What is MRO? – All You Need to Know.

Supply Chain Efficiency 141

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 141

SCMDOJO

JUNE 6, 2024

supply chain, logistics) and are interested in acquiring the specialized knowledge needed to excel in procurement. Procurement Professional Seeking Advancement: You possess some procurement experience but want to refine your skills, learn advanced strategies, and position yourself for leadership roles. What Prior Knowledge is Required?

Procurement 105

Procurement Supply Chain Optimization Supply Chain Efficiency Ethics 105

Supply Chain Game Changer

NOVEMBER 19, 2018

These are the innovative technologies that I predict companies must use to undergo this transformation within their supply chains: Cloud-based technology deployments lower cost of ownership due to not having a large capital expenditure on hardware and upgrades. The post Supply Chain Predictions!

Supply Chain Efficiency 61

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 61

Supply Chain Game Changer

NOVEMBER 24, 2018

From a customer and business development perspective, my greatest achievement was leading the expansion of a $15M after-market services client to $300M by establishing lowest total cost of ownership (TCOO) configuration and fulfillment solutions. What are you working on these days?

Leadership 68

Leadership Supply Chain Optimization Supply chain Cost of ownership 68

Jaggaer

OCTOBER 24, 2024

Cost saving in supply chain management involves reducing the total cost of ownership (TCO) while maintaining, or even enhancing, the quality and reliability of goods and services. Any reduction in price is considered a cost saving.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain budgeting 52

Supply Chain Game Changer

NOVEMBER 23, 2018

Total cost of ownership (TCO). Relationship strength/strategy – level of contact and relationship strength with your suppliers and customers. Environmental/Green strategies. Diversity in sourcing. Negotiation strategy/process. There are many more elements that could be included in such a list.

Category management 77

Category management Strategy Raw materials Management 77

Supply Chain Trend

JUNE 16, 2017

We will see customers sharing demand changes, logistics individuals updating port, rail, and truck backups, supply or commodity disruptions, total cost of ownership changes through the entire supply chain, and much more.

supply chain budgeting 87

supply chain budgeting Supply chain Cost of ownership Leadership 87

Una

FEBRUARY 8, 2023

Consolidating suppliers in key categories like technology , shipping and logistics, office supplies, and facilities maintenance is a smart way to slash costs, but unless you’re a Fortune 500 company with massive spend, this approach will only get you so far.

Procurement 59

Procurement Negotiation Contract Strategic sourcing 59

Supply Chain Collaborator

FEBRUARY 20, 2019

Most of the attractively “low-cost” subscription models do not include some pretty significant services such as training for all the important stakeholders. Not just the shipper’s transportation logistics users, but also their carrier users, vendor users, yard/warehouse users etc.

Price 60

Price Cost of ownership Import Logistics 60

Una

OCTOBER 12, 2023

The primary motivation for nearshoring is to benefit from cost savings while maintaining cultural and logistical proximity, which can reduce risks and enhance collaboration. For the US, this means Mexico and Canada, both of which are a part of the United States-Mexico-Canada trade agreement (USMCA).

Procurement 52

Procurement Supply Chain Optimization Supply chain resilience supply chain budgeting 52

Skill Dynamics

OCTOBER 19, 2023

There’s also the potential for saving costs with this sourcing model, because you may be able to negotiate better pricing by consolidating volumes with a single supplier. Relying on a single supplier can pose risks if that supplier faces problems such as logistics disruptions or quality issues.

Supply Chain Optimization 52

Supply Chain Optimization Strategy Procurement Vendor management 52

Jaggaer

DECEMBER 13, 2024

Some categories, such as logistics and packaging, are inherently complex because an abundance of non-price information must be considered, and suppliers are not directly comparable.

Sourcing 52

Sourcing Contract Procurement Chief Procurement Officer 52

Finale Inventory

JUNE 2, 2025

Amazon Warehousing and Distribution (AWD) is Amazons bulk storage and logistics service that lets sellers store inventory in Amazons warehouses and distribute it to both Amazon and external sales channels. Finale Inventory is one of the few inventory software that have a direct connection to Amazon AWD.

Inventory 52

Inventory Management Real-time Visibility Order Fulfillment 52

Procurement Software

MARCH 11, 2022

Paying higher costs which ultimately lead to increased sales or profits, for example; More frequent maintenance intervals to reduce production downtime and increase the amount of saleable product; Engaging a more expensive advertising agency whose marketing campaigns help to drive more sales or push higher margin products.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Procurement Software

MARCH 11, 2022

Paying higher costs which ultimately lead to increased sales or profits, for example; More frequent maintenance intervals to reduce production downtime and increase the amount of saleable product; Engaging a more expensive advertising agency whose marketing campaigns help to drive more sales or push higher margin products.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52