article thumbnail

The Big Interview with Lorna Baker

Procurement Heads

We’re responsible for the supplier management and then supporting the business in contract management as well. We are having to become much more agile in our approach because suppliers are less willing to hold their pricing. Sustainability is one of those, and supply chains can influence carbon emissions in a huge way.

article thumbnail

Supply Chain Forecasting — Everything You Should Know

Procurement Tactics

Effective price forecasting can also help businesses to predict when the price of products increases or decreases may affect customer demand. Forecasting enables companies to have better insights to make robust strategic planning that will ensure that suppliers can meet your demand.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Big Interview with Lorna Baker

Procurement Heads

We’re responsible for the supplier management and then supporting the business in contract management as well. We are having to become much more agile in our approach because suppliers are less willing to hold their pricing. Sustainability is one of those, and supply chains can influence carbon emissions in a huge way.

article thumbnail

Replenishment Strategies for FBA: Avoid Amazon’s Low Inventory Fees

Finale Inventory

Knowing your sell-through rate helps predict future demand and determine how quickly your inventory moves. Lead Time: This refers to the time it takes for your order to be placed with your supplier and for the inventory to arrive at an Amazon fulfillment center. This data becomes the foundation for forecasting future demand.

article thumbnail

4 Predictions on Procurement’s Top Trends in 2023

Arkestro

Reducing supplier risk. This, coupled with the typical 30-plus years’ experience procurement veteran approaching retirement, companies are seeing their tribal knowledge about suppliers and processes walk out the door and not be replaced.”. scenario-driven demand plans. Ensuring continuity of supply. Reducing spend.

article thumbnail

The Big Interview with Ana Maria Velica

Procurement Heads

I am an extrovert, so it was very easy for me to picture myself doing those negotiations with suppliers. If we look at how specialised supply chain is, the specialism required to perform jobs like demand planning, supply planning, employee retention and relationships are vital.

article thumbnail

Fueling Success: Career in Supply Chain Guide

SCMDOJO

Whether it’s purchasing, procurement, transport, technology, facilities, or other specialized areas, understanding your passion will influence the subsequent steps in this rewarding career path. As an indispensable function significantly influencing a society’s standard of living, logistics skills are complex but essential.