Remove Demand Planning Remove Logistics Remove Purchasing
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Procurement vs. Supply Chain Management: Differences, Challenges & Solutions

ivalua

Here are some key distinctions to make between Procurement vs. Supply Chain Management: Procurement is responsible for identifying suppliers, negotiating contracts, and ensuring cost-effective, compliant purchases. It’s heavily tied to spend management, risk mitigation, and supplier performance.

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Here’s a comprehensive list of the top 100 skills that a Procurement Manager should master

Procurement Templates

Analyze Total Cost of Ownership (TCO): Incorporate factors like lifecycle costs, maintenance, and disposal into purchasing decisions. SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g., Master Budgeting: Practice building and managing procurement budgets aligned with organizational goals.

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A Detailed Comparison of edX Supply Chain Courses vs. SCMDOJO Academy

SCMDOJO

Pricing Structure Affordable pricing, with annual access to purchased courses and practical resources through Pro Plan. This learning platform covers every angle of supply chain management, from demand planning and inventory management to supplier relationship management, procurement, and logistics.

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Who’s Who in Logistics Department: A Comprehensive Guide to Key Roles

SCMDOJO

The logistics department is the unsung hero of the modern world, ensuring products reach their destination promptly and securely. In this article, we will provide an insightful breakdown of the logistics department and the various professionals that make up this crucial team. Intrigued by the logistics department?

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Essential Supply Chain KPIs to Track for Enhanced Decision Making

SCMDOJO

Control Costs: Track value beyond just the purchase price and manage inventory effectively. A lower TCO indicates better value sourcing, even if the initial purchase price isn’t the absolute lowest. Logistics issues? Internal warehouse or planning problems? Is the initial negotiation focused too much on price alone?

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Intake & Orchestration in Procurement – Cutting Through the Jargon

Jaggaer

These could be service requests, inquiries, demand planning, or purchase needs. Examples include: Capturing sourcing or purchasing requests (from business users, emails, chatbots, etc.) Interpreting those requests using natural language processing (NLP) and machine learning (ML).

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The Thanksgiving Turkey Supply Chain!

Supply Chain Game Changer

How do that many turkeys get raised, processed, transported, distributed and purchased all to meet demand on a single day, Thanksgiving? And they obviously require the appropriate logistics and transportation capabilities to handle this highly desired product. Coordination of logistics schedules here is critical.