Procurement Insights

OCTOBER 31, 2024

What is optimized inventory management? What is supply chain risk management? Most of us would answer No to that question. So, why do you think you should read this article versus the multitude of others offering similar advice (or ChatGPT* – I did)? What are collaborative supplier networks?

Supply Chain Optimization 75

Supply Chain Optimization Risk management Networking Collaboration 75

SCMR (Supply Chain Management Review)

OCTOBER 31, 2023

Companies are facing the desire to increase inventory risk management strategies while balancing cash flow needs according to a new McKinsey survey.

Inventory 97

Inventory Supply chain management Supply chain management Management 97

SCMDOJO

JANUARY 29, 2025

Supply chain reports are data-driven documents that provide key metrics and insights into various aspects of your supply chain, including: Inventory Levels Tracking stock levels in real-time to ensure adequate inventory to meet demand while minimizing holding costs.

Supply Chain Optimization 95

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 95

SCMDOJO

FEBRUARY 15, 2025

How to Apply the Principles to Supply Chain Risk Mitigation Identify and Assess Risks Risk management is a fundamental aspect of supply chain operations and is essential for minimizing disruptions. These include alternative sourcing strategies, backup transportation routes, and emergency inventory reserves.

Project management 78

Project management Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 78

SCMDOJO

OCTOBER 28, 2024

Supplier Relationship Management: Regular performance reviews help build trust and strengthen relationships with suppliers. Help Make Better Planning Demand Forecasting: S&OP provides a more accurate forecast of future demand, enabling procurement to optimize inventory levels and avoid stockouts or excess inventory.

Procurement 91

Procurement Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 91

Spend Matters

APRIL 15, 2025

It is not only reducing spending on spare parts and improving inventory management, it is helping manufacturers create digital twins of their machinery to anticipate breakdowns before they happen. Thats where AI steps in, offering a proactive approach to predicting supplier lead times and optimizing demand forecasts for buyers.

Real-time Visibility 72

Real-time Visibility Procurement e2e Supply Chain Efficiency 72

SCMDOJO

FEBRUARY 16, 2025

This leap in AI capabilities is revolutionizing industries, and AI-driven supply chain management is no exception. The Role of Agentic AI in Supply Chains Supply chains are dynamic and complex, requiring continuous decision-making across multiple functions, from procurement and inventory management to logistics and demand forecasting.

Supply Chain Efficiency 57

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 57

Finale Inventory

SEPTEMBER 17, 2024

In the ecommerce sector, effective inventory management is key for business success. With the expanding e-commerce market and the rising expectations of online shoppers, businesses must grasp inventory management practices to remain competitive. So, what makes inventory management so significant in ecommerce?

Inventory 52

Inventory Real-time Visibility Supply Chain Efficiency Management 52

ivalua

FEBRUARY 25, 2021

Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? What are the pros and cons, and what supply chain strategy will pave the way to higher margins, improved supply chain risk management in healthcare and improved patient care? Efficient warehouse management.

supply chain budgeting 221

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

ivalua

FEBRUARY 8, 2023

As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier risk management are essential components to maintain stability during crises like these. Perhaps 30 days of inventory isn’t enough in times of crisis, and terms should be updated.

Supply chain resilience 242

Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

Finale Inventory

JULY 25, 2024

Inventory holding costs play a significant role in operating a successful ecommerce business. The expenses associated with holding inventory can greatly impact a company’s profitability. Definition of Inventory Holding Costs Inventory holding costs are the expenses related to owning and managing inventory.

Inventory 52

Inventory Inventory control Quantity Risk 52

Skill Dynamics

JANUARY 9, 2025

Understanding Supply Chain Capabilities Supply chain capabilities, to put it simply, is the sum of all the skills, processes, and technologies that help enable the efficient and effective management of the flow of goods and information. To avoid or at the very least mitigate these risks, an appropriate risk management strategy is needed.

supply chain budgeting 52

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

Finale Inventory

JULY 30, 2024

In the rapidly evolving healthcare industry, efficiently managing medical inventory is vital for healthcare providers and Ecommerce businesses. With the increasing complexity of supply chain management and the need for accurate inventory tracking, medical inventory management software has become an invaluable tool.

supply chain software solutions 52

supply chain software solutions Inventory Management Supply Chain Efficiency 52

Let's Talk Supply Chain

MARCH 24, 2025

Join us on a journey through the intersection of technology and supply chain management as we explore the game-changing potential of graph databases‍ on ChannelLife New zealand. One key advantage of using graph databases in inventory management is their ability to enhance the resilience of supply chains.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 52

Jaggaer

APRIL 9, 2025

SCM encompasses the integrated planning and execution of processes required to optimize the flow of materials, information, and capital in functions that broadly include demand planning, sourcing, production, inventory management and logistics. AI-powered risk management platforms can predict disruptions (e.g.,

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization supply chain software solutions 52

SCMDOJO

JUNE 14, 2024

Exercises, case studies, and downloadable templates like “Inventory Optimization Tool” and courses such as “Warehouse Layout Design for Efficiency” equip you with immediate application Career-Boosting Credentials: Earn the prestigious SCMDOJO Certification in Supply Chain Management upon successfully completing the track.

Supply Chain Optimization 105

Supply Chain Optimization Supply Chain Efficiency Supply chain Real-time Visibility 105

Una

APRIL 18, 2023

Mark is an experienced procurement leader with a broad area of focus including sourcing, supply management, contracts management, supplier relationship management, risk management, and inventory management.

Risk 133

Risk Supplier relationship management Contract management Supply Chain Efficiency 133

Let's Talk Supply Chain

MARCH 6, 2025

Heading 1: Integration of Machine learning in Supply Chain Management for Increased Efficiency Machine learning has emerged as a game-changer in the realm of supply chain management,offering a myriad of benefits to enhance operational efficiency.By

Supply chain management 52

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

Jaggaer

FEBRUARY 28, 2025

This allows you to track inventory levels, monitor supplier performance, and identify potential bottlenecks. Risk Management: Develop a comprehensive risk management plan identifying potential disruptions and outlining mitigation strategies.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Supply Chain Optimization Real-time Visibility 52

ivalua

JULY 22, 2015

Instead, today’s sourcing pros must facilitate cost improvements through a more sophisticated and complete understanding of cost management strategies involving: Materials. alternatives. alternatives. consolidation. alternatives. Financing, hedging, and currency plays. Geographic. relocation. reductions. optimization. Plant & process.

Strategic sourcing 147

Strategic sourcing Strategic sourcing Sourcing Supplier consolidation 147

Spend Matters

JANUARY 2, 2024

After the last few tumultuous years, procurement teams are still facing steep challenges in getting ahead of supplier and supply chain risks. Some organizations have opted to invest in new, more robust supplier and third-party risk management (TPRM) systems, while others are optimizing their existing systems. The list goes on.

Risk 111

Risk Suppliers Raw materials Risk management 111

Finale Inventory

JULY 17, 2024

In-transit inventory is critical in ecommerce. For businesses, managing in-transit inventory is necessary to ensure the smooth flow of goods, maintain customer satisfaction, and optimize operations. In-transit inventory refers to goods currently in transit between two points.

Inventory 52

Inventory Real-time Visibility Purchase orders Supply Chain Optimization 52

Skill Dynamics

JANUARY 7, 2025

Typical resilience practices, such as developing a diverse supplier base or implementing strategic inventory management , can help businesses avoid unexpected high costs associated with sudden shortages and delays. This proactive approach dramatically reduces the need for reactive measures that are often much more costly.

Supply chain resilience 90

Supply chain resilience Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency 90

Spend Matters

NOVEMBER 14, 2024

The risk events of 2020 and their impact on business/supply continuity showed how organizations with strong relationships with their strategic suppliers can perform better than those without. They were often given access to resources (manpower, inventory, raw materials, etc.) when others were not.

Suppliers 117

Suppliers Raw materials Collaboration Management 117

Planergy

MARCH 18, 2025

How better management in AP can give you better flexibility for cash flow management. Building strong supplier relationships, diversifying sourcing, and adopting solid inventory management practices are essential to minimizing risks and ensuring service continuity. to absorb shocks without hindering services.

supply chain budgeting 52

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

Finale Inventory

JULY 8, 2024

It involves assessing and documenting the various assets owned by the company, including inventory, equipment, and other tangible resources. An asset audit helps identify any discrepancies between recorded inventory levels and physical counts, enabling businesses to take corrective actions.

Inventory 52

Inventory Real-time Visibility Quantity Data 52

Spend Matters

OCTOBER 16, 2024

Find our in-depth guide to third-party and supply chain risk management with accompanying free download here. What causes financial risk? Financial risk is inherent to the business uncertainties every company faces. Specific risks pertain to certain markets and industries. And see our definitions of risk here.

Risk 117

Risk Risk management Suppliers Raw materials 117

Supply Chain Game Changer

AUGUST 4, 2020

These are the Critical Supply Chain lessons we discuss in our latest video: The Importance of Supply Chain Talent Designing in Supply Chain Flexibility Taking Total Cost of Ownership Seriously Mission Critical and Strategic Inventory Positioning Disaster Planning Taken Seriously Exhaustive End to End Supply Chain Mapping Design Your Supply Chain for (..)

Supply chain 128

Supply chain Cost of ownership Supply Logistics 128

Supply Chain Game Changer

AUGUST 17, 2021

Supply Chain Risk Management is a Cirque Du Soleil Calibre Act! Stockpile the Most In-demand Inventory. Since predicting the market isn’t always as accurate as you’d like, it’s a good idea to keep a stockpile of your most in-demand inventory on hand. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

Supply chain 105

Supply chain Supply Inventory Bidding 105

SCMDOJO

APRIL 15, 2025

This structure adds a legal buffer while allowing for operational flexibilitymaking it a smart foundation for risk management. Dont Put All Your Products in One Basket: Diversification & Supplier Risk Management If your entire supply chain depends on a single supplier, youre one hiccup away from disaster.

Agile and Lean Supply Chain 66

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting supply chain software solutions 66

Supply Chain Opz

MARCH 6, 2015

3) Risk Management: In the past, many buyers relied on safety stock inventory to mitigate any risks or disruptions to suppliers. However, now with the global supply chains and due to uncertainties over economies, weather, and political situations, new requirements and trends arise to mitigate potential risks.

Supply Chain Optimization 111

Supply Chain Optimization Supply Chain Efficiency Supply chain e2e 111

Finale Inventory

AUGUST 23, 2024

Additionally, we’ll look into the benefits of using Finale Inventory , an innovative software solution, to further optimize construction management practices alongside QR codes. This digital integration enhances transparency and accountability throughout the construction lifecycle, fostering better decision-making and risk management.

Supply Chain Efficiency 52

Supply Chain Efficiency Inventory supply chain software solutions Project management 52

Procurement Tactics

MAY 30, 2023

Knowledge about procurement Procurement managers engage in complex analytical tasks while also requiring effective negotiation abilities with suppliers. Certifications Numerous certifications are accessible for procurement managers, but it’s worth noting that not all of them exclusively target procurement.

Management 178

Management supply chain budgeting Procurement Negotiation 178

Procurement Leaders

APRIL 6, 2023

So that is where we are having a much more active conversation within the organisation, and even talking to our development folks to see how we can embed risk management in the development of our product, the same with sustainability as well.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Supply 130

Procurement Templates

JUNE 18, 2023

Supplier collaboration: Engage in collaborative discussions with suppliers to explore ways to manage and mitigate inflationary pressures together. Risk management: Implement robust risk management practices that address inflation-related risks.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Let's Talk Supply Chain

MARCH 7, 2025

The fluctuating trade policies and geopolitical tensions have created a volatile environment, leading to a surge in supply chain risks. This uncertainty has‍ prompted companies ‍to reevaluate their sourcing strategies, optimize inventory management, and explore alternative transportation routes.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Risk Supply chain 52

Skill Dynamics

FEBRUARY 13, 2025

Upskilling in more strategic skills , such as risk management or sustainable sourcing, will lead to improved efficiency and innovation within your supply chain, while also providing your staff with career advancement opportunities increasing the likelihood of employee retention.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 52