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

Planergy

JULY 18, 2023

Download Free Copy Working Capital: What Is It, How To Calculate, and Why It’s Important Written by Lyle Del Vecchio 17 min read Cash Flow Financial Planning & Analysis (FP&A) Profitability Download PDF KEY TAKEAWAYS All businesses have revenue fluctuations. What is Working Capital?

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Import supply chain budgeting Inventory Budget 52

SCMDOJO

MARCH 19, 2024

In today’s fast-paced business landscape, having an efficient supply chain department is more important than ever. While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc.

Supply Chain Optimization 74

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 74

SCMDOJO

APRIL 29, 2024

We’ll also delve into the importance of technology and data analytics in optimizing supply chain operations. Planning ensures that resources are allocated effectively and that production and distribution meet customer demand. It encompasses activities such as procurement, supplier selection, and evaluation.

Supply chain management 54

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 54

Supply Chain Game Changer

JUNE 30, 2022

The Importance of a Strong Supply Chain and Logistics Strategy! Demand Planning. Rather than creating the demand, businesses need to be able to respond quickly to customer demand. Demand planning helps your business understand the current demand for a good or service and predict future demand.

Agile and Lean Supply Chain 78

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 78

Procurement Heads

MARCH 27, 2023

For Procurement Heads ‘ latest Big Interview, Lorna spoke with Gemma Burman about her procurement career. How did you get into procurement? Well, like a lot of people, I fell into procurement really. What are the roles and responsibilities the procurement function holds within Futures Housing Group?

Sustainability 246

Sustainability Agile and Lean Supply Chain Influencing Procurement 246

Supply Chain Game Changer

NOVEMBER 3, 2022

Supply chain management is an important aspect of every business because it ensures your business gets the supplies, resources, and materials it needs to fulfill services or deliver products to customers. Procurement Management. Demand Planning. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

supply chain budgeting 115

supply chain budgeting supply chain software solutions Supply Chain Efficiency Supply chain 115

Procurement Heads

AUGUST 11, 2022

When did your interest in procurement and supply chain begin? Here I am, 18 years later having led major procurement transformations in three international companies: British American Tobacco, Heineken and Nestle. Soon after, a great opportunity came with Heineken global procurement whose headquarters is in Amsterdam.

supply chain budgeting 130

supply chain budgeting Supply Chain Efficiency Supply chain Leadership 130

Zycus Cognitive Procurement

MAY 31, 2022

For procurement officers, this can be a particularly daunting task. There are several things to take into account when procuring for a new product, from ensuring you have the correct supplies to planning for potential delays. opportunity cost is an important consideration when making business decisions.

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Procurement Raw materials Price Demand 40

NLPA (Next Level Purchasing Association)

JUNE 23, 2022

Link strategic planning with day-to-day sales and operational activities. It is a multi-step process involving demand planning, supply planning, middle and top management meetings resulting in decision-making and authorization. The 5-step eS&OP planning process includes: Step 1 – Data Gathering.

Demand Planning 52

Demand Planning Demand supply chain budgeting Strategic planning 52

SCMDOJO

JUNE 21, 2023

SCaaS offers a solution by enabling hospitals to engage in strategic procurement, ensuring standardized operations throughout the contract duration. Two fundamental questions arise: the definition of procurement outsourcing and the most efficient approach to its implementation.

Supply Chain Optimization 89

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 89

Procurement Heads

MARCH 27, 2023

For Procurement Heads ‘ latest Big Interview, Lorna spoke with Gemma Burman about her procurement career. How did you get into procurement? Well, like a lot of people, I fell into procurement really. What are the roles and responsibilities the procurement function holds within Futures Housing Group?

Sustainability 130

Sustainability Agile and Lean Supply Chain Influencing Procurement 130

Supply Chain Game Changer

JULY 21, 2021

In trying to determine the best supply chain KPIs, its important to not only choose the most important KPIs that your company should work to improve, but to choose KPIs that are feasible. Procurement Cost. The data must be available so that a performance management system can then give you the KPI. Total Supply Chain Cost.

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Supply Chain KPIs supply chain budgeting Supply Chain Efficiency supply chain software solutions 98

IBM Supply Chain Blog

FEBRUARY 19, 2024

The pandemic and its aftermath highlighted the importance of having a robust supply chain strategy , with many companies facing disruptions due to shortages in raw materials and fluctuations in customer demand. Here’s how companies are using different strategies to address supply chain management and meet their business goals.

supply chain software solutions 88

supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 88

Supply Chain Game Changer

JULY 31, 2019

Procurement – the effective purchasing of raw materials, back-office goods and professional services – as well as Logistics – the orchestration of the movement of those goods – might not seem to be as important as sales, marketing, R&D or finance at first blush. Most entrepreneurs get that.

Supply Chain Efficiency 72

Supply Chain Efficiency Supply chain Supply chain management Supply chain management 72

Supply Chain Game Changer

MARCH 23, 2021

Why is the Supply Chain Workload Iceberg Important? Given the importance of Supply Chain it is important to have a better understanding of all of the work that is performed. With an iceberg it is said that only 10% of it is visible as the rest is under the water. This can be analogous to the work done in Supply Chain.

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Supply Chain Efficiency Supply chain Real-time Visibility Supply 64

Empowering CPO

JUNE 26, 2023

Introduction In today’s dynamic business landscape, effective procurement strategies are crucial for organizations to achieve sustainable growth and maintain a competitive edge. Data-driven Decision Making In today’s data-driven world, the role of data in procurement has become increasingly significant.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Collaboration 40

Supply Chain Game Changer

NOVEMBER 13, 2018

Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more. So what exactly is the definition of “Supply Chain Management”? Source: [link] ). So what is your view?

Supply chain management 72

Supply chain management Supply chain management Supply Chain Optimization supply chain software solutions 72

Supply Chain Game Changer

OCTOBER 28, 2020

On the Argentus Blog, we’re always looking to shine the light on various aspects of the talent picture within the Supply Chain Management field – whether it’s hiring trends , intelligence about important skills, or the industry’s response to emerging issues related to the COVID-19 pandemic. Satisfaction: Job satisfaction was also high.

Supply chain 98

Supply chain Supply Leadership Supply chain management 98

Supply Chain Game Changer

OCTOBER 12, 2021

Lastly, but very important, listen to everyone and strive to learn something new each day. What challenges facing the world are important to you? Women have historically had very good representation and upward mobility in the supply chain industry in client support, account management, and procurement roles.

Leadership 105

Leadership Supply Chain Efficiency Supply chain Distribution channels 105

SCMDOJO

AUGUST 16, 2023

The ability to analyze this data enables the retail giant to make informed decisions on product procurement, inventory management, and demand forecasting. One of the key elements of the EDLC policy is the direct procurement of items from suppliers, eliminating intermediaries in the process.

Supply Chain Efficiency 74

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 74

SCMDOJO

APRIL 4, 2023

Importance of Supply Chain Analytics Five Types of Supply Chain Analytics Benefits of Supply Chain Analytics Challenges in Implementing Supply Chain Analytics Supply Chain Analytics System Architecture Role of Big Data What is Supply Chain Analytics? Key Takeaways What is Supply Chain Analytics?

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Supply Chain Analytics Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 110

ivalua

MAY 21, 2014

It’s up to everyone touching supply chain to educate their organizations about the importance of the supply chain and the impact it has on their company’s success. Professionals in demand planning, procurement, logistics, fulfillment, sourcing: step up and take ownership of your area. The answer is NO.

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Agile and Lean Supply Chain supply chain budgeting Supply chain Supply 100

Supply Chain Game Changer

JULY 30, 2019

This is extremely important when you consider the tasks at hand, the skills required, and how to fill these types of jobs. To varying degrees, logistics management functions include customer service, sourcing and procurement, production planning and scheduling, packaging, and assembly. What is Freight Management?

Logistics 72

Logistics Management Supply Chain Optimization Supply Chain Efficiency 72

SCMDOJO

NOVEMBER 17, 2023

We enable them by providing high-quality supply chain on-demand courses, guides, best practices, tools, and mentoring from industry experts. We have Courses like S&OP deployment, Supply Chain Digitalization , , and Negotiation in Procurement.

Agile and Lean Supply Chain 70

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 70

SCMDOJO

JANUARY 26, 2024

Share your ambitions and the steps you’ve planned to achieve them. Your boss plays a crucial role in guiding your career, so it’s important to keep the lines of communication open. Discuss Goals with Your Boss Start a conversation with your boss about your supply chain career goals.

Supply Chain Optimization 65

Supply Chain Optimization Supply chain Leadership Supply chain management 65

Supply Chain Opz

NOVEMBER 9, 2014

Keep it Simple : It’s important to not over complicate things. Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times. Eliminate Before You Automate : Automation is critical to large, efficient warehouse operations.

Agile and Lean Supply Chain 109

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 109

The Good Spending

SEPTEMBER 2, 2023

Integrated solution as a guarantee of competitive advantage A significant difference in IT procurement is associated with a change in the paradigm of competitive advantage in the conditions of Industry 4.0. Therefore, there are very few commodity categories in IT procurement (e.g.,

Sourcing 59

Sourcing Procurement Demand Planning Category management 59

Supply Chain Game Changer

NOVEMBER 10, 2018

What’s new is that it’s taken on a much greater urgency and importance. Sixty-five percent of procurement practitioners say procurement at their company is becoming more collaborative with suppliers, according to The Future of Procurement, Making Collaboration Pay Off, by Oxford Economics.

Collaboration 66

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

SCMDOJO

DECEMBER 14, 2023

Limited Scope: Offers a more focused and individualized approach to the procurement process. Diverse Expertise: Leverages collective knowledge and resources for a more comprehensive and streamlined procurement process. Streamlining Logistics: Coordinating the logistics of procuring goods internationally involves a multitude of tasks.

Sourcing 73

Sourcing Supply Chain Efficiency Supply Chain Optimization Negotiation 73

Empowering CPO

JUNE 27, 2023

Introduction In the complex world of procurement, where every penny counts, gaining a deep understanding of your organization’s spending habits is crucial to unlocking value and maximizing savings. Why is spend analysis so important in procurement? Imagine trying to navigate a labyrinth without a map or compass.

Procurement 40

Procurement Supply Chain Optimization Supplier consolidation Suppliers 40

SCMDOJO

JANUARY 23, 2023

Topics include outlining important metrics, progress in industry sub-segments, management techniques, and a roadmap for improvement. The author uses a storytelling approach to provide readers with methods, techniques and a process for re-evaluating how to manage their supply chain by focusing on what is important.

Supply Chain Analytics 119

Supply Chain Analytics Supply Chain Optimization supply chain software solutions supply chain budgeting 119

Supply Chain Action Blog

JULY 8, 2021

After a short stint in manufacturing process engineering in another industry, she got interested in the business side of things and moved into supply chain planning, starting in demand planning. Through her affinity for math and her attention to detail, Amanda earned a couple of promotions and is now a senior demand planner.

Demand Planning 40

Demand Planning Demand Supply Chain Optimization Agile and Lean Supply Chain 40

Supply Chain Brain

MAY 7, 2018

Such a quality is of increasing importance to organizations today, given the rapid pace of global commerce. “The result,” says Webb, “is much greater richness and breadth of data.” All of this happens with a speed that can’t be matched by a human-driven operation. It has to happen much faster than it ever did before.”

Price 40

Price Raw materials Supply Chain Optimization Supply chain 40

Supply Chain Game Changer

AUGUST 26, 2021

Supply Chain Visibility Has Never Been More Important! Every single organization I have been a part of has been dependent on Excel spreadsheets for order tracking and expediting – and in some cases – even demand planning. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. PO Placement ?

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Supply Chain Visibility Real-time Visibility e2e Agile and Lean Supply Chain 103

Finale Inventory

SEPTEMBER 28, 2023

Shared Features: Tracking Individual Components: Both SkuVault and Finale offer the important feature of tracking individual component SKUs in addition to the overall kit/bundle SKU. Streamlined Procurement: Finale automates the creation of Purchase Orders (POs) and syncs them into QuickBooks Online, including all necessary line items.

Inventory 52

Inventory Purchase orders Order Fulfillment Price 52

Empowering CPO

JUNE 20, 2023

Spend analysis is the process of collecting, cleansing, classifying, and analyzing expenditure data with the purpose of reducing procurement costs, improving efficiency, and monitoring compliance. Spend analysis plays a vital role in procurement and strategic sourcing. Examples Raw materials, manufacturing equipment.

Supplier consolidation 40

Supplier consolidation Negotiation Suppliers Procurement strategies 40