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 Optimization supply chain software solutions Supply Chain Efficiency 192

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

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

NLPA (Next Level Purchasing Association)

MAY 7, 2023

The executive component of S&OP is the eS&OP, where top management, middle managers, and specialists meet to balance supply and demand, align operational and financial planning, connect strategic planning with day-to-day sales and operations, and establish policy, strategy, risk, and budget changes via a disciplined discussion.

supply chain budgeting 52

supply chain budgeting Demand Strategic planning Demand Planning 52

Spend Matters

MAY 8, 2023

One consideration is the range of scenarios direct procurement encompasses, which can vary significantly from one customer to the next. prior to P2P execution) and/or downstream activities, new or existing products, procurement and/or supply chain functions, etc. The specific processes and needs involved may include upstream (i.e.,

Spend management 74

Spend management Management Real-time Visibility Collaboration 74

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

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

Finale Inventory

SEPTEMBER 6, 2023

Demand planning with inventory management software and data reports. For businesses, it means meticulous planning to get ahead of Q4 in order to navigate the whirlwind of sales, promotions, and elevated customer expectations. Q4 Demand Planning is Crucial Inventory demand planning for Q4 isn’t a casual month-long affair.

Demand Planning 52

Demand Planning Inventory Demand Purchasing 52

Arkestro

JANUARY 4, 2023

In 2022, procurement faced challenges on multiple fronts. Eager to reduce administrative busywork, procurement teams are treating the permacrisis as an opportunity to make long-sought changes along a digital journey. Procurement has had massive challenges and targets over the past year: Managing inflation.

Supply Chain Optimization 104

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

Supply Chain Game Changer

JULY 21, 2021

Procurement Cost. 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. Inventory Turnover (Cash). Cash to Cash Cycle Time (Cash).

Supply Chain KPIs 98

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

IBM Supply Chain Blog

FEBRUARY 19, 2024

Why supply chain management matters Supply chain management involves coordinating and managing all the activities involved in sourcing , procurement, conversion and logistics. Ethical sourcing involves ensuring that the products and services a company procures are produced under fair, safe and environmentally friendly conditions.

supply chain software solutions 86

supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 86

SCMDOJO

JULY 13, 2022

National Association of Educational Procurement. Jobsinlogistics.com is the first and largest online logistics job board specializing in career opportunities in logistics, supply chain, distribution, transportation, warehousing, freight forwarding, manufacturing, purchasing, and inventory management. Michael Page. Naukri Gulf.

Supply chain 112

Supply chain Supply Supply chain management Supply chain management 112

ivalua

JULY 27, 2015

It’s true that the mental models and naming conventions we have been using to define procurement processes and categorize solutions are limited in definition, business process coverage, and scope. Perhaps it is time for a more comprehensive description. I’m going with Supplier Value Management.

Leadership 149

Leadership Suppliers Strategic sourcing Strategic sourcing 149

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

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. SCM #SupplyChain #Technology #Logistics #Freight #Purchasing #Procurement #Business. Source: [link] ).

Supply chain management 72

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

ivalua

JULY 27, 2015

It’s true that the mental models and naming conventions we have been using to define procurement processes and categorize solutions are limited in definition, business process coverage, and scope. Perhaps it is time for a more comprehensive description. I’m going with Supplier Value Management.

Leadership 100

Leadership Suppliers Strategic sourcing Strategic sourcing 100

Supply Chain Game Changer

OCTOBER 28, 2020

With the increased prominence of Supply Chain, Logistics and Procurement within organizations, is compensation increasing? Anecdotally, this is a bit lower in Canada, except for particular functions with very strong starting compensation like Demand Planning. What’s the monetary value of advanced certifications and degrees?

Supply chain 98

Supply chain Supply Leadership Supply chain management 98

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

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. what sort of 3 rd party logistics solution will you look to leverage?),

Supply Chain Efficiency 72

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

The Procuretech Podcast

OCTOBER 3, 2022

We're continuing our series of interviews with industry experts and thought leaders to get their take on digital procurement. What impacts has Muddassir seen from disruptive procurement technology? Muddassir thinks we have a lot of catching up to do, in procurement. Sign up for the Procurement Software Newsletter.

supply chain software solutions 40

supply chain software solutions supply chain budgeting Supply chain Supply 40

Planergy

JULY 18, 2023

One of the most important aspects of procurement is understanding and utilizing working capital in the best way possible to ensure you are making the most of your resources. It’s important to accurately understand what demand is likely to be to ensure that you can properly manage cash flow while accommodating customer needs.

Import 52

Import supply chain budgeting Inventory Budget 52

Supply Chain Game Changer

MARCH 23, 2021

When a Procurement team is asked to find a new supplier to perform a particular service or supply a specific type of components, parts or materials there are a large number of steps required to bring this result to fruition. New Supplier and Materials Set Up. Customer Order Commitment. Warehouse Order Fulfillment.

Supply Chain Efficiency 64

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 10, 2018

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. Leadership #SupplyChain #Business #SCM #Procurement #Purchasing.

Collaboration 66

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

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. A few years ago, companies purchased printers, consumables, and technical support as separate products and services to support printing.

Sourcing 59

Sourcing Procurement Demand Planning Category management 59

SCMDOJO

APRIL 4, 2023

Purpose of SCM Analytics Supply chain analytics aims to provide insight and extract value from the large amounts of data associated with the procurement, processing, and distribution of goods. It is an essential element of supply chain management. What are some examples of Supply Chain Analytics?

Supply Chain Analytics 110

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

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. READ MORE ON: “STRATEGIC SOURCING VS. PURCHASING – 7 KEY DIFFERENCES” at our website SCMDOJO!

Sourcing 73

Sourcing Supply Chain Efficiency Supply Chain Optimization Negotiation 73

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

ivalua

FEBRUARY 25, 2021

That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts. Demand planning capabilities. Demand planning is the ability to create forecasts that predict the future need for your products. In terms of feature vs. function, they appear the same, but are they?

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

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 Procurement strategies 40

Supply Chain Opz

NOVEMBER 9, 2014

Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times. 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

NOVEMBER 2, 2023

Services Matias Offer on SCMDOJO Logistics Consulting Maritime Freight Sourcing and Procurement Logistics Technology Sourcing Executive Mentoring Guide: Matias, our supply chain consultant, has also created Maritime Freight Sourcing and Procurement Guide , which is available from SCMDOJO Academy.

Agile and Lean Supply Chain 59

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

Finale Inventory

SEPTEMBER 28, 2023

By syncing inventory with financial data, businesses can manage cash flow more effectively, simplify reconciliation processes, and make informed purchasing decisions. Purchase Order Generation: SkuVault’s Auto-Generation: SkuVault offers an automated purchase order generation feature based on preset replenishment levels.

Inventory 52

Inventory Purchase orders Order Fulfillment Price 52

Supply Chain Game Changer

AUGUST 26, 2021

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. Buyers and expeditors alike tend to place Purchase Orders with suppliers and then check the box as if the task is complete. PO Placement ?

Supply Chain Visibility 103

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

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. Stay tuned! Examples Raw materials, manufacturing equipment.

Supplier consolidation 40

Supplier consolidation Negotiation Suppliers Procurement strategies 40

Supply Chain Game Changer

NOVEMBER 23, 2018

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. The field is becoming more digital, with end-to-end planning and blockchain technologies transforming the way products are coming to market. Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Infographic) .

Supply Chain Efficiency 49

Supply Chain Efficiency Supply chain Supply Sustainability 49

Supply Chain Game Changer

NOVEMBER 6, 2018

Consumers are the biggest source of food waste in developed countries as they discard at least 20-30% of what they purchase. Selected as one of the Top 75 Supply Chain Blogs, and one of the Top 25 Procurement Blogs, on the Internet. Food is wasted at every stage of the Supply Chain, as shown in the following table. Infographic) .

Supply Chain Optimization 59

Supply Chain Optimization Supply chain Real-time Visibility Supply 59