article thumbnail

Building Blocks of Supply Chain Strategy!

Supply Chain Game Changer

Demand Planning. Rather than creating the demand, businesses need to be able to respond quickly to customer demand. Demand planning helps your business understand the current demand for a good or service and predict future demand. Consolidation.

article thumbnail

Direct vs Indirect Spend Analysis: What’s the Difference and Why It Matters

Empowering CPO

This might involve negotiating better pricing with suppliers, consolidating purchases to take advantage of volume discounts, or switching to alternative materials or suppliers that offer better value for money. Let’s take the example of one of our clients, a leading manufacturer in the consumer electronics industry.

article thumbnail

A Deep Dive into Category Spend Analysis: Maximizing Value in Procurement

Empowering CPO

It helps identify opportunities for inventory management, pricing negotiations, and demand planning. Cost Variations: Analyzing spending patterns within specific categories reveals cost variations across suppliers, geographies, or time periods.