World of Procurement blog

APRIL 23, 2024

Supply Chain Lifecycle The supply chain lifecycle consists of several key phases: Planning : This involves the demand planning, supply planning, and overall business strategy. Sourcing : Choosing suppliers that provide the goods and services needed to create the product. What Is Supply Chain Management?

Supply chain management 52

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

Procurement Tactics

AUGUST 15, 2022

The logical approach for supply chain planning is to look for the result and go back as it often begins with demand planning. . Components of Supply Chain Planning . Demand planning. The chance of producing and stocking sufficient inventory improves when you accurately forecast demand for a product. .

Supply Chain Efficiency 130

Supply Chain Efficiency Supply Chain Optimization Supply chain Supply 130

SCMDOJO

MARCH 19, 2024

This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. These functions include procurement, production planning, inventory management, logistics, and customer service. Procurement Specialist/Buyer Source and acquire materials or products needed for production.

Supply Chain Optimization 74

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

Supply Chain Brain

MAY 7, 2018

to the complex exercise of pricing. But pricing — given its dependence on a host of ever-changing factors — seems an especially fertile target for the technology. It’s that latter quality that applies to data-heavy disciplines such as pricing. pricing model. “If In its purest form, A.I. Webb sums up the role of A.I.

Price 40

Price Raw materials Supply Chain Optimization Supply chain 40

Procurement Heads

MARCH 27, 2023

The ongoing impact of inflation and fluctuations in materials pricing continue to have an impact, and it’s increasingly challenging to negotiate because prices are changing significantly within a short period of time. There’s a lack of certainty over Ukraine and any escalation that’s going to happen.

Sustainability 246

Sustainability Agile and Lean Supply Chain Influencing Procurement 246

Una

AUGUST 2, 2022

Character recognition enables the AI to extract key data points such as pricing and timelines, then provide analytics based on this data. Contact our team of Sourcing Advisors to learn more. Una’s team of Sourcing Advisors is here to help. Take B2B services purchasing as an example. Self-service. Una can help.

Procurement 98

Procurement Supply Chain Efficiency Real-time Visibility supply chain budgeting 98

SCMDOJO

JUNE 21, 2023

It involves outsourcing the entire supply chain function to a third-party provider who manages everything from sourcing raw materials to delivering finished products to customers. According to a paper by Len Prokopets and Ramin Tabibzadeh from Archstone Consulting , initial sourcing transactions can yield a 5% savings.

Supply Chain Optimization 89

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

Finale Inventory

SEPTEMBER 28, 2023

Table of contents Integrations Kits and Bundling Warehouse Management Financial Management Reporting and Analytics Usability and Accessibility Pricing Comparison Customer Support Who Emerges as the Better Choice for Growing eCommerce Sellers? Advantages: The weighted average method offers simplicity and smooths out cost fluctuations.

Inventory 52

Inventory Purchase orders Order Fulfillment Price 52

SCMDOJO

DECEMBER 14, 2023

In the global world of businesses, companies often seek help from sourcing agencies to figure out how to get the things they need. But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s explore this world of sourcing agencies and understand what they do.

Sourcing 73

Sourcing Supply Chain Efficiency Supply Chain Optimization Negotiation 73

Procurement Heads

MARCH 27, 2023

The ongoing impact of inflation and fluctuations in materials pricing continue to have an impact, and it’s increasingly challenging to negotiate because prices are changing significantly within a short period of time. There’s a lack of certainty over Ukraine and any escalation that’s going to happen.

Sustainability 130

Sustainability Agile and Lean Supply Chain Influencing Procurement 130

Let's Talk Supply Chain

JULY 20, 2023

The record talent shortage has been a source of frequent delays and price jumps in recent years. For more than a decade, Zarrin has dedicated her career to finding smarter and more sustainable supply chain planning approaches and technology solutions. Where did your supply chain journey start? I moved to the U.S.

supply chain software solutions 98

supply chain software solutions Agile and Lean Supply Chain Supply chain Supply 98

Arkestro

JANUARY 4, 2023

The recent supply chain issues and market volatility have proven to businesses, large and small, the true value and necessity of an efficient and optimized sourcing/procurement team.”. scenario-driven demand plans. As a result of recent turmoil, organizations will seek to prioritize responsible cost-cutting.

Supply Chain Optimization 104

Supply Chain Optimization Procurement team Agile and Lean Supply Chain Supply Chain Efficiency 104

Supply Chain Game Changer

NOVEMBER 23, 2018

Difficulties forecasting demand in a high-volume repair environment caused inventory costs to skyrocket. Inadequate planning and execution resulted in excess and obsolete inventory and poor utilization of warehouse space. ModusLink immediately tackled the forecasting and demand challenges.

Supply Chain Optimization 43

Supply Chain Optimization Logistics supply chain budgeting Supply Chain Efficiency 43

Supply Chain Game Changer

JULY 28, 2020

Every source of materials and components, every manufacturing facility, every warehouse and distribution channel, and every logistics mechanism is duplicated. Knowing that some other competitor can do the same work it should keep their terms, service and pricing more competitive. Parallel Supply Chains.

Supply chain 100

Supply chain Strategy Supply Distribution channels 100

The Procuretech Podcast

FEBRUARY 22, 2022

On this week's show we're digging into the world of direct materials sourcing. It's a part of the digital procurement landscape that's been a bit neglected, except for e-sourcing tools, and my guest this week decided to do something about this. Leveraging AI to capitalise on savings and limit price impact. Demand planning.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Innovation Supply chain 40

Empowering CPO

JUNE 20, 2023

It’s a strategic pillar that underpins effective procurement and sourcing, providing an insightful lens through which organizations can view their spending patterns. Spend analysis plays a vital role in procurement and strategic sourcing. Strategic Focus High, as it directly impacts the company’s core offerings.

Supplier consolidation 40

Supplier consolidation Negotiation Suppliers Procurement strategies 40

Supply Chain Trend

JULY 18, 2019

However, planning wasn’t the strongest feature and the promise of ERP to have common data and one source of truth across the enterprise has never been achieved. Wave 2 – Advanced Planning Systems. They operate without a one source of truth to support the best possible decision making. Lights Out’ Planning is coming.

supply chain software solutions 60

supply chain software solutions Supply chain Supply Data 60

The Procuretech Podcast

OCTOBER 3, 2022

But price should come later as a consideration. On Demand, modular best-of-breeds, and why we need them. Muddassir thinks that pricing will be a huge factor in the success of these modular best-of-breeds. An On Demand price model would be the best solution here. But the tagline is knowledge and solution.

supply chain software solutions 40

supply chain software solutions supply chain budgeting Supply chain Supply 40

Supply Chain Game Changer

NOVEMBER 10, 2018

With pricing under pressure from recession-scarred consumers, the temptation for retailers is to transfer the pain upstream to their suppliers by passing on price reductions and forcing them to bear an increasing share of costs. Invest in the Right Infrastructure and People.

Collaboration 66

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

Planergy

DECEMBER 8, 2022

How to Choose the Right Type of Demand Forecasting for Your Business. Forecasting is the process of estimating future demand for a product or service. Businesses use demand forecasting to make decisions about production levels, pricing, inventory management, and other factors impacting their bottom line. Delphi Method.

Demand 52

Demand Data supply chain software solutions Inventory 52

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. Stronger supplier relationships lead to better pricing, improved service levels, and a more reliable supply chain.

Real-time Visibility 40

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

Empowering CPO

JUNE 27, 2023

Risk Mitigation: Category spend analysis helps identify potential risks associated with suppliers, such as single-source dependencies, supplier stability, or non-compliance issues. The first component involves collecting data from various sources, such as procurement systems, invoices, contracts, and financial records.

Procurement 40

Procurement Supply Chain Optimization Supplier consolidation Suppliers 40

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

Supply Chain Game Changer

AUGUST 6, 2020

Relevant data is collected from different sources, like – Enterprise Resource Planning (ERP) system, sensors, machine generated, social media and external web services. This is needed to cope with variable supply and uncertain demand to mitigate risks in the supply chain. Data Configurator and Controller.

Supply Chain Optimization 78

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 78

Supply Chain Opz

NOVEMBER 9, 2014

Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks. Accurate planning not only reduces stock and improves service levels; it also reduces costs by avoiding expediting and minimising write downs.

Agile and Lean Supply Chain 109

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

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 69

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 69

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. Raw Material Management.

Inventory 90

Inventory Raw materials Supply Chain Optimization Demand 90

Supply Chain Game Changer

FEBRUARY 8, 2022

I recently saw the headline for an article which said that Supply Chains are NOT broken, but rather it is just a demand planning issue. Commodity and raw material shortages of every kind have delayed the manufacturing and distribution of goods across most industries, driving up prices in the process. I couldn’t believe it.

Supply chain 90

Supply chain Real-time Visibility e2e Supply 90

Supply Chain Trend

OCTOBER 29, 2021

By bringing together several technologies that have matured separately over the last decade, it is becoming a system of intelligence, seamlessly integrating the following capabilities: • Integration and harmonization of data from internal and external sources, with transactional data self-cleansed and planning parameters self-maintained.

Supply Chain Optimization 78

Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain supply chain software solutions 78

Supply Chain Game Changer

NOVEMBER 23, 2018

The field is becoming more digital, with end-to-end planning and blockchain technologies transforming the way products are coming to market. It’s becoming more strategic, as companies integrate their Supply Chains and use them as a source of competitive advantage – instead of just a back-office function.

Supply Chain Efficiency 49

Supply Chain Efficiency Supply chain Supply Sustainability 49

Supply Chain Brain

MARCH 26, 2018

In addition to obvious elements such as the price of materials and labor, the correct decision must take into account such factors as weather, tariffs and border taxes, political and economic instability in source countries, and the impact of travel restrictions and visa charges on global talent.

Price 40

Price supply chain software solutions Supply Chain Optimization Buyers 40