Arkestro

DECEMBER 26, 2024

As the procurement industry and supply chains become more tech-driven and complex, one fact is clear: companies that embrace industry trends will be best positioned to thrive in the challenging procurement landscape of 2025 and beyond. Here are five key trends that will shape procurement and supply chain management in the coming year.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Una

SEPTEMBER 6, 2022

Perhaps the size of your team has been reduced, your function’s operating budget has been cut, or there is an organization-wide drive to eliminate waste and increase efficiency. Reducing paperwork such as lengthy RFP documentation to a lean canvas (otherwise known as a “plan on a page”). By Hugo Britt | September 6, 2022.

Agile and Lean Supply Chain 98

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

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. Demand forecasters need to be prepared.

Inventory 170

Inventory Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 170

Supply Chain Trend

AUGUST 13, 2020

Preview In his 2019 Foresight article, Niels van Hove examined eight technological hurdles that must be overcome to enable autonomous or ‘lights out’ supply-chain planning. He reasoned that to support such planning we need to implement a third wave of integrated supply-chain planning software.

supply chain software solutions 147

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

Procurement Heads

APRIL 27, 2023

Andrew’s career started in supply chain and M&A roles in Unipart Group, before moving to Royal Mail where he was part of the procurement leadership team that transformed the function, achieving CIPS Gold accreditation in the process. What is it that you think makes procurement and supply chain professionals good problem solvers?

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply chain Stakeholder engagement 130

Procurement Heads

APRIL 27, 2023

Andrew’s career started in supply chain and M&A roles in Unipart Group, before moving to Royal Mail where he was part of the procurement leadership team that transformed the function, achieving CIPS Gold accreditation in the process. What is it that you think makes procurement and supply chain professionals good problem solvers?

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply chain Stakeholder engagement 130

Supply Chain Game Changer

NOVEMBER 10, 2018

Supply chain collaboration is a hot topic today and no wonder: companies that collaborate effectively across the supply chain have enjoyed dramatic reductions in inventories and costs, together with improvements in speed, service levels, and customer satisfaction. Subscribe Here! Email Address.

Collaboration 78

Collaboration Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 78

Una

AUGUST 2, 2022

Ivalua/Hackett’s 2022 Procurement Insights and Key Issues report found that laggards are being held back by concerns including fear of failure, access to suppliers, legacy system costs, and teams lacking the skills to leverage digital transformation. Take B2B services purchasing as an example. Self-service. Related Posts. Get in Touch.

Procurement 98

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

Procurement Heads

AUGUST 11, 2022

When did your interest in procurement and supply chain begin? How did you engineer your career path to the point you are now at as Head of Supply Chain? After 15 years in procurement, I decided to broaden my expertise so that I embraced the opportunity to step into a supply chain leadership role.

supply chain budgeting 130

supply chain budgeting Supply Chain Efficiency Supply chain Leadership 130

Supply Chain Trend

NOVEMBER 16, 2016

To get some answers for S&OP practitioners, Supply Chain Trend interviewed a group of S&OP leaders. Supply Chain Trend will publish a weekly Q&A with these S&OP leaders. He is the author of the blog Supply Chain Trend and the self excellence guide Building Mental Toughness.

supply chain budgeting 115

supply chain budgeting Supply Chain Efficiency Supply chain Innovation 115

SCMDOJO

DECEMBER 14, 2023

READ MORE ON: “STRATEGIC SOURCING VS. PURCHASING – 7 KEY DIFFERENCES” at our website SCMDOJO! Here, the agency seeks to understand the client’s specific needs, budget constraints, and quality standards. The Inner Workings of a Sourcing Agency: 1. Hire the Expert Now or Start a Chat!

Sourcing 102

Sourcing Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 102

Supply Chain Game Changer

NOVEMBER 23, 2018

The application of advanced forecasting and planning methodologies improve inventory management in a critical, high-volume repair business, dramatically reducing costs and fulfillment cycles while improving customer satisfaction. ModusLink immediately tackled the forecasting and demand challenges. The Solution.

Supply Chain Optimization 56

Supply Chain Optimization Logistics supply chain budgeting Supply Chain Efficiency 56

NLPA (Next Level Purchasing Association)

JUNE 23, 2022

Link strategic planning with day-to-day sales and operational activities. Act as a forum for disciplined discussion around setting policy, strategy, risk and budget changes. It is a multi-step process involving demand planning, supply planning, middle and top management meetings resulting in decision-making and authorization.

Demand Planning 52

Demand Planning Demand supply chain budgeting Strategic planning 52

The Procuretech Podcast

OCTOBER 3, 2022

In this episode, we're going to extend that a little bit and talk about supply chain. Democratising Supply Chain Training - Dr. Muddassir Ahmed from SCM Dojo . Today's guest is a big personality in the supply chain space: Dr. Muddassir Ahmed, CEO of SCM Dojo. . He then moved to the UK for a PhD scholarship.

supply chain software solutions 40

supply chain software solutions supply chain budgeting Supply chain Supply 40

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

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. Analyze your data to identify high-demand products and any seasonal trends.

Quantity 52

Quantity supply chain budgeting Inventory Supply Chain Efficiency 52

World of Procurement blog

MAY 8, 2024

Procurement differs from purchasing in a few key ways: Strategic focus : Procurement has a strategic, long-term focus on analyzing spend, reducing costs, managing supplier relationships, and mitigating risk. Purchasing is more transactional and tactical. Purchasing focuses specifically on the buying transaction.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Finale Inventory

JULY 22, 2024

In the context of ecommerce, logistics management refers to the process of planning, implementing, and controlling the flow of goods and services from suppliers to customers. It also helps in managing inventory levels, reducing costs, and optimizing operational efficiency.

Logistics 52

Logistics Management Supply Chain Efficiency Supply Chain Optimization 52

Solvoyo

JULY 21, 2020

Here are 4 distinct reasons why you should prefer a supply chain platform as opposed to a collection of supply chain tools to ensure success in your digital transformation journey: 1) A platform is a living ecosystem. With a toolset, you get the underlying technology to build a supply chain “something.”

Supply Chain Optimization 52

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

Supply Chain Trend

OCTOBER 29, 2021

TRADITIONAL IBP AND PLANNING TECHNOLOGY. If we look back over the history of supply-chain planning, we can properly say we are in the third wave of integrated supply-chain planning software (Van Hove, 2019). LIMITATIONS OF TRADITIONAL IBP. Lacking insights. at the SKU/location level).

Supply Chain Optimization 78

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

Finale Inventory

JULY 11, 2024

They provide a unique identification for each product, simplifying tracking of stock levels, managing sales, and optimizing the entire supply chain process. This detailed data helps retailers not only track inventory but also make informed decisions regarding purchasing, pricing, and marketing strategies.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Inventory supply chain budgeting 52

Finale Inventory

AUGUST 20, 2024

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. Reducing Waste Through Effective Inventory Management Waste significantly impacts a restaurant’s profitability.

Inventory 52

Inventory Strategy Management supply chain software solutions 52

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.

Inventory 52

Inventory Strategy Real-time Visibility Management 52

Finale Inventory

JULY 26, 2024

Proper inventory management allows you to accurately track your stock levels, prevent overstocking or understocking, and optimize your purchasing decisions. By implementing effective strategies, you can reduce costs, minimize inventory errors, and improve overall efficiency.

Inventory 52

Inventory Supply Chain Efficiency Strategy Management 52

Planergy

JULY 18, 2023

Remember that this number should always be positive; if it isn’t, you may need to adjust your budget or restructure some of your debt payments to ensure adequate business liquidity. With analysis, you can gain insight into how you may be able to restructure your costs and pricing to increase working capital or cut overall costs.

Import 52

Import supply chain budgeting Inventory Budget 52

Empowering CPO

JUNE 26, 2023

These actions lead to improved negotiation power, reduced costs, and enhanced overall procurement efficiency. Stronger supplier relationships lead to better pricing, improved service levels, and a more reliable supply chain. Risk Mitigation: Real-time spend visibility also plays a critical role in risk mitigation.

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. What is Supply Chain Forecasting?

supply chain budgeting 192

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

SCMDOJO

JUNE 21, 2023

The Supply Chain as a Service (SCaaS) market has experienced significant growth in recent years, with even greater potential ahead. SCaaS is a technology-driven approach to managing supply chains, offering comprehensive end-to-end solutions for businesses. Let’s delve into this emerging concept.

Supply Chain Optimization 105

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 105