Supply Chain Game Changer

JULY 21, 2021

The cost of procurement includes not just the purchasing cost of inventory that is negotiated with suppliers, but it also includes hidden costs related to transportation, negotiation, duties and more. This KPI helps measure how quickly your company receives cash for the raw materials it purchases and the goods it sells.

Supply Chain KPIs 98

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

Una

SEPTEMBER 6, 2022

Utilizing a GPO as an extension of your procurement team can help streamline the purchasing process, save costs, and save time by eliminating indirect spend contract negotiations. Procurement can play an integral part through better demand planning (enabled through spend analytics) and by reducing duplicate orders and maverick spend.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain supply chain budgeting Procurement Procurement strategies 98

Spend Matters

AUGUST 15, 2024

If a supplier portal wasn’t functioning, if a P2P system wasn’t correctly matching invoices with the proper Purchase Order or if data was inaccessible or missing, IT was often identified as the bottleneck. ’ To put it mildly, procurement and supply chain isn’t always IT’s top priority.

supply chain software solutions 123

supply chain software solutions Agile and Lean Supply Chain Supply Chain Efficiency Supply chain 123

Procurement Heads

AUGUST 11, 2022

I am an extrovert, so it was very easy for me to picture myself doing those negotiations with suppliers. Western European market dynamics are very different to eastern, even negotiation tactics are different. I had to adapt very quickly and evolve my mindset.

supply chain budgeting 130

supply chain budgeting Supply Chain Efficiency Supply chain Leadership 130

SCMDOJO

JANUARY 17, 2024

Planning roles include: A supply chain planner analyzes performance and improves processes. A demand planner estimates the future demand for given products. (Do Do check out our Demand Planning Ultimate Guide ) A production planner ensures the required manufacturing output meets the demand.

Supply chain management 98

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 98

The Good Spending

SEPTEMBER 2, 2023

A few years ago, companies purchased printers, consumables, and technical support as separate products and services to support printing. Even IT hardware is now being purchased not as a physical object. High complexity of demand management As we know, the procurement process starts with demand planning and analysis.

Sourcing 59

Sourcing Procurement Category management Demand Planning 59

Supply Chain Game Changer

SEPTEMBER 29, 2020

The global Inventory management business processes that we focussed on made phenomenal improvements: Supply/Demand Planning. The gap in our ERP planning between demand and supply was reduced by 85%, resulting in a significant reduction in over ordering. Delivery Conditions. Raw Material Management.

Inventory 90

Inventory Raw materials Supply Chain Optimization Demand 90

Supply Chain Trend

AUGUST 13, 2020

Robotic process automation (RPA) has also entered the back-office, supporting administrative functions like purchase order acceptance and invoice matching. The supply planning processes is already being driven automatically by the demand plan and inputs set for levels of safety stocks, lead time, and batch order sizes.

supply chain software solutions 147

supply chain software solutions Supply Chain Optimization supply chain budgeting Supply chain 147

SCMDOJO

MAY 30, 2024

Transportation Coordinator: Logistics Orchestration: Plans and organizes the transportation of goods, selecting carriers, negotiating contracts, and optimizing routes for cost and time efficiency. Carrier Management: Selects and negotiates contracts with reliable carriers to ensure safe and timely deliveries.

Logistics 97

Logistics Order Fulfillment Supply Chain Optimization Inventory 97

NLPA (Next Level Purchasing Association)

MAY 7, 2023

By aligning procurement plans with the overall S&OP process, organizations can ensure that they have the right materials available to meet customer demand, while minimizing inventory carrying costs and reducing the risk of stockouts. Supply Risk Checklist Vendor Risk Management Your Business Strategy Is Foolproof, Right?

supply chain budgeting 52

supply chain budgeting Demand Strategic planning Demand Planning 52

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. Click here to access the course: How to Start a Career in Supply Chain Management?

Agile and Lean Supply Chain 98

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

World of Procurement blog

MAY 8, 2024

It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Purchasing is more transactional and tactical. Purchasing focuses specifically on the buying transaction. Purchasing's value-add is more limited.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Finale Inventory

AUGUST 20, 2024

Understanding the Concept of Bulk Ordering Bulk ordering involves purchasing goods in large quantities at once. The exact quantity can vary based on your needs, but it usually involves purchasing above a certain threshold, like buying in pallets or cases. Another advantage is better negotiation power with suppliers.

Quantity 52

Quantity supply chain budgeting Inventory Supply Chain Efficiency 52

Supply Chain Game Changer

MARCH 23, 2021

Customer Order Commitment. Warehouse Order Fulfillment. When customer or channel orders are received and delivery dates committed it is often incumbent on the Warehouse, Distribution Centre, or perhaps another channel, to fulfill those orders.

Supply Chain Efficiency 64

Supply Chain Efficiency Supply chain Real-time Visibility Supply 64

Finale Inventory

AUGUST 20, 2024

Strategic inventory management can improve supplier relationships and negotiation power. A clear understanding of inventory needs and consumption patterns allows for favorable supplier terms, bulk purchase discounts, and beneficial partnerships that contribute to cost savings.

Inventory 52

Inventory Strategy Management supply chain software solutions 52

SCMDOJO

APRIL 4, 2023

These analytics can also help identify known risks and predict future risks by spotting patterns and trends throughout the supply chain, increasing planning accuracy, and better predicting future demand. This can help them identify the best suppliers and negotiate better contracts.

Supply Chain Analytics 111

Supply Chain Analytics supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 111

SCMDOJO

AUGUST 16, 2023

By sharing real-time sales data and demand information, CPFR enables accurate forecasting and demand planning, minimizing information distortion, and promoting synchronized inventory replenishment. Suppliers may feel compelled to comply with Walmart’s demands to maintain access to its large customer base.

Supply Chain Efficiency 98

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

Finale Inventory

SEPTEMBER 17, 2024

Communicate inventory needs, negotiate favorable terms, and keep communication lines open to maintain a reliable supply chain. Strong partnerships can reduce lead times, lower stock holding costs, and help you respond quickly to market demands. This approach prevents stockouts and improves customer satisfaction.

Inventory 52

Inventory Strategy Real-time Visibility Management 52

Supply Chain Opz

NOVEMBER 9, 2014

Supply Chain Planning (demand planning etc) is important as it determines how much cash is tied up in inventory, how much stock becomes obsolescent and how DIFOT is affected by stock availability. Best in Class” organisations within an industry typically have supply chain costs that are 50% less than the “Average” performers.

Agile and Lean Supply Chain 109

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

SCMDOJO

NOVEMBER 2, 2023

Expertise: Process improvement, support for procurement capabilities, purchasing management, Procurement Management Consulting, Procurement Strategy, and Procurement Conference Speaker James Meads is an independent consultant and advisor that focuses on working with mid-market companies and startups in the procurement technology space.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 59

Empowering CPO

JUNE 20, 2023

It’s more than just knowing where the money goes; it’s about understanding the patterns, recognizing the opportunities for consolidation, and identifying the areas where procurement can negotiate better terms. Potential for Cost Savings Achieved through supplier negotiation, volume discounts, and alternative sourcing.

Supplier consolidation 40

Supplier consolidation Negotiation Suppliers Spend management 40

Solvoyo

JULY 21, 2020

Imagine the ability to drill down and have an AI-based engine digging into your historical transactions on the platform and pointing to a specific reason among many: materials arriving late, manufacturing not following this week’s plan, purchase orders placed late, another priority order got your allocation, etc.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting supply chain software solutions Supply Chain Efficiency 52

SCMDOJO

MAY 30, 2024

Transportation Coordinator: Logistics Orchestration: Plans and organizes the transportation of goods, selecting carriers, negotiating contracts, and optimizing routes for cost and time efficiency. Carrier Management: Selects and negotiates contracts with reliable carriers to ensure safe and timely deliveries.

Logistics 52

Logistics Order Fulfillment Supply Chain Optimization Inventory 52

Planergy

JULY 18, 2023

Options worth exploring include: asking for upfront payments on orders, reducing credit terms, billing customers immediately upon sale, or getting a better grip on sales forecasting/demand planning. Flexibility in your operating cycle is necessary to remain competitive and make the most of your working capital.

Import 52

Import supply chain budgeting Inventory Budget 52

Finale Inventory

JULY 22, 2024

Effective inventory management also includes demand planning, safety stock management, and order processing optimization. Providing hassle-free return processes can enhance customer trust and encourage repeat purchases, ultimately boosting your business’s reputation.

Logistics 52

Logistics Management Supply Chain Efficiency Supply Chain Optimization 52

Let's Talk Supply Chain

APRIL 6, 2023

Streamlining your shipping process doesn’t have to be.

Supply Chain Optimization 52

Supply Chain Optimization supply chain software solutions Logistics Data 52

Empowering CPO

JUNE 27, 2023

Let’s explore some of the key advantages: Cost Optimization: By thoroughly analyzing spending patterns, organizations can identify areas of overspending, potential cost-saving opportunities, and negotiate better deals with suppliers. It helps identify opportunities for inventory management, pricing negotiations, and demand planning.

Procurement 40

Procurement Supply Chain Optimization Supplier consolidation Suppliers 40

Empowering CPO

JUNE 26, 2023

By analyzing historical spend patterns and supplier performance, organizations can negotiate better contracts, consolidate suppliers, and implement strategic sourcing initiatives. These actions lead to improved negotiation power, reduced costs, and enhanced overall procurement efficiency.

Real-time Visibility 40

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

Procurement Tactics

MARCH 27, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Supply Chain Forecasting — Everything You Should Know Supply chain forecasting is about making predictions from both past and present information. Thus, why it is critical to the success of an organization.

supply chain budgeting 192

supply chain budgeting supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 192

SCMDOJO

DECEMBER 16, 2024

Inventory Management and Optimization Optimization and management of inventory is the ability to ensure product availability through inventory administration activities such as demand planning, stock optimization, and monitoring the age of the product. This is a very well-known material management objective.

Material management 52

Material management Management Supply Chain Optimization Agile and Lean Supply Chain 52