Jaggaer

FEBRUARY 20, 2025

What is Source to Pay (S2P)? Yet in the case of source to pay, it is wholly justified. That said, many organizations, including large enterprises, may not think in terms of source to pay as an end-to-end process, if they think about it at all. Yet there are good reasons to do so.

Sourcing 52

Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

Procurement Tactics

AUGUST 11, 2022

Inventory Holding Cost — The Ultimate Guide of 2022. Inventory holding costs are one of the fees that an organization or business incurs. In this article, we will discuss what inventory holding cost is. Additionally, we will explain the components of inventory carrying costs and how they can be reduced. . Cost of capital.

Inventory 130

Inventory Real-time Visibility Negotiation Risk 130

Jaggaer

FEBRUARY 5, 2025

Strategic Sourcing Simplified: Best Practices for Maximizing Value Strategic sourcing goes beyond cost savings its about making informed decisions that drive long-term value. Now well dive into best practices in these critical areas to ensure a more effective and resilient sourcing strategy.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

Let's Talk Supply Chain

APRIL 20, 2025

In a world where technology continues to revolutionize the way we do business, Mattress Firm has taken a bold step forward by integrating AI-powered solutions into its inventory management and supply chain processes. This strategic move is set to enhance operational efficiency and elevate customer satisfaction levels.

Supply Chain Efficiency 52

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

SCMDOJO

OCTOBER 28, 2024

Procurement professionals can contribute significantly to the S&OP process by providing valuable insights into supply chain dynamics, identifying potential risks, and optimizing sourcing strategies. Discuss bottlenecks in the supply of raw materials or alternate sources to procure balance and level production plans.

Procurement 91

Procurement Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 91

Supply Chain Dive

MARCH 14, 2024

The company has revamped its procurement strategy to focus on acquiring inventory from distressed and overstocked retailers and brands.

Sourcing 135

Sourcing Procurement strategies Inventory Strategy 135

Supply Chain Dive

MARCH 14, 2024

Falling commodity costs have lifted margins, while leaner inventories have helped improve operations and reduced markdowns.

Sourcing 137

Sourcing Strategy Inventory 137

Spend Matters

NOVEMBER 19, 2024

He has spent about 20 years in supply chain and procurement, was involved in the sourcing of sustainable cocoa and confection for Unilever’s Ice cream brands and procured premium packaging and chemicals for Unilever’s Beauty and Wellbeing business. Risk mitigation requires strategic thought and conscious choices on sourcing.

Risk 113

Risk Strategy Agile and Lean Supply Chain Supply Chain Optimization 113

SCMDOJO

FEBRUARY 15, 2025

These include alternative sourcing strategies, backup transportation routes, and emergency inventory reserves. For example, companies can use project management software to track supplier performance, monitor inventory fluctuations, and automate alerts for potential risks.

Project management 78

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

Spend Matters

FEBRUARY 13, 2025

In his assessment, Utz previously excelled in the operational aspects of procurement, such as transacting business, supporting manufacturing operations and maintaining raw material inventory the day-to-day firefighting of procurement. For the most part, this did not prove a problem.

Influencing 105

Influencing Procurement supply chain budgeting e2e 105

Spend Matters

MAY 1, 2025

Disjointed receiving and inventory management: Delayed or inaccurate receiving processes impact stock levels and supply chain continuity. Enhance receiving and inventory tracking: Use automated goods receipt validation and AI-based demand forecasting to align procurement with inventory needs.

Real-time Visibility 75

Real-time Visibility supply chain budgeting Procurement Supply Chain Optimization 75

SCMDOJO

DECEMBER 29, 2024

However, it covers key differences between purchasing and procurement, explores common contract types, and emphasizes the importance of strategic sourcing, supplier relationships, and risk management. However, liquidation involves selling excess or unwanted inventory to convert it into cash.

Supply Chain Efficiency 87

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 87

SCMDOJO

MARCH 19, 2024

This is where the Life Cycle Inventory (LCI) comes into play. In this article, we dive deep into the world of Life Cycle Inventory, exploring its significance, methodology, and applications. What is the Life Cycle Inventory (LCI)? It includes determining the purpose of the study, the system boundaries (i.e.,

Inventory 98

Inventory Sustainability Raw materials Supply Chain Optimization 98

Procurement Templates

MARCH 3, 2024

I asked my assistant to help me mock up a strategic sourcing framework and she did a fairly good job but made a few mistakes. By the way, when doing sourcing preparations it doesn’t mean that you can’t work on multiple parts at once and go back and forth before the tender is issued but there is a typical order.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

SCMDOJO

AUGUST 4, 2023

Are you tired of dealing with excessive inventory levels that eat up your storage space, tie up your capital, and hinder your company’s growth? If so, then it’s time to consider the numerous benefits of reducing inventory. Inventories are designed to match customer(s) demand. The same applies to inventory reduction.

Inventory 98

Inventory Supply Chain Efficiency Supply Chain Optimization Raw materials 98

SCMDOJO

DECEMBER 29, 2024

Moreover, this course offers a comprehensive overview of production and operations management concepts that covers: Process Improvement Quality Control Inventory Management. However, another fantastic thing about this course is that it is FREE. Head over to the course to be a pro at production and operations management.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain KPIs Supply Chain Efficiency Category management 98

ivalua

FEBRUARY 25, 2021

For example, a single-stack approach can lead to low user adoption, because the incumbent sourcing solution, for example, fails to meet the needs of various business units. . These features are extremely valuable, as they help healthcare organizations get to the next level of inventory and purchasing optimization.

supply chain budgeting 221

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

Supply Chain Dive

FEBRUARY 27, 2024

The move is part of the company’s larger strategy to reclaim its position in off-price and closeout sourcing.

Inventory 134

Inventory Price Strategy Sourcing 134

Supply Chain Dive

JANUARY 14, 2025

Helen of Troy is continuing to pursue diversified sourcing despite uncertainty around U.S. trade policies.

Inventory 120

Inventory Sourcing 120

IBM Supply Chain Blog

FEBRUARY 28, 2024

Sourcing is getting smarter. To start, many organizations have already pivoted from a tactical to a strategic sourcing mindset—which can make all the difference when it comes to gaining and retaining a competitive advantage. But now, the benefits of strategic sourcing are becoming even more attainable thanks to innovation.

Sourcing 94

Sourcing Strategy Supply Chain Efficiency e2e 94

SCMDOJO

OCTOBER 30, 2024

For instance, a student struggling with inventory management concepts can receive supplementary materials, interactive simulations, and one-on-one tutoring sessions tailored to their needs. Conversely, a student who quickly grasps procurement strategies can be challenged with advanced case studies and leadership projects.

supply chain budgeting 93

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 93

Supply Chain Dive

DECEMBER 11, 2023

As the discount retailer aims to speed up its supply chain and hold back costs, it has also opened a sourcing office in India.

Supply Chain Optimization 127

Supply Chain Optimization Inventory Supply chain Sourcing 127

Finale Inventory

NOVEMBER 18, 2024

Optimize Inventory Management Effective inventory management plays a crucial role in getting paid faster. Inventory Management Strategies: Real-time Tracking : Implement systems that provide up-to-the-minute visibility into your inventory levels. To help you get there faster, we’ve partnered with Bill360.

Real-time Visibility 59

Real-time Visibility Inventory Buyers Order Fulfillment 59

Let's Talk Supply Chain

FEBRUARY 27, 2025

The impending transformation, outlined in a recent report by Supply and Demand Chain Executive, is set to reshape the vrey foundation of ‍how goods and services are sourced, ‍managed, and delivered. Heightened focus on demand forecasting and inventory management. shifts in pricing strategies to maintain profitability.

Supply Chain Optimization 52

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

Procurement Tactics

SEPTEMBER 8, 2022

Additionally, it should not be confused with strategic sourcing which is more focused on the long-term approach. Strategic sourcing promotes the timely supply of goods or services that are needed to meet the objectives of an organization. . This course is a perfect fit for ambitious procurement & sourcing professionals.

Procurement 226

Procurement Purchase orders Purchasing Strategic sourcing 226

Procurement Tactics

JUNE 8, 2023

This involves taking into account various factors such as demand variability, lead times, transportation costs, inventory holding costs , and other operational costs. If you want to determine the source of your products, you will also need data on manufacturing and raw material costs. Why is it Important?

Supply Chain Optimization 211

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency supply chain software solutions 211

Let's Talk Supply Chain

MAY 2, 2025

With schedules on the line and passengers expecting seamless service, airlines are being pushed to rethink the way they manage, source, and maintain their fleets. Collaborative Parts Sharing and Inventory Pooling One standout solution gaining traction is the collaborative sharing of spare parts between airlines.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Supply Inventory 52

ivalua

FEBRUARY 8, 2023

Digital transformation will lead to the evolution and digitization of key procurement processes, from source-to-pay. This way, if one supplier is impacted by a disruption, you can source goods from another supplier. 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

Jaggaer

OCTOBER 24, 2024

In the retail sector, collaboration with suppliers can provide retailers with real-time information about inventory levels, enabling them to respond quickly to changes in consumer demand. This not only helps avoid stockouts but also reduces the need for excessive inventory, reducing overage and storage costs.

Collaboration 52

Collaboration Innovation Suppliers Supply Chain Efficiency 52

SCMDOJO

APRIL 11, 2025

Businesses may struggle to balance inventory, increasing the likelihood of either overstocking, tying up valuable capital and incurring storage costs, or understocking. Double-Edged Sword of Inventory Management: Declining demand presents a significant dilemma for inventory management. scenarios of -20% and +20% change).

Agile and Lean Supply Chain 56

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization supply chain budgeting 56

Procurement Tactics

APRIL 6, 2023

From sustainable sourcing , production, storage, and delivery, it monitors if these processes may cause harm to the environment and society. However, to start with, you must first analyze your supply chain by starting to create an inventory of products and services you purchase, produce, and sell. How can it be improved?

Supply chain analysis 226

Supply chain analysis Sustainability Supply Chain Efficiency Supply Chain Optimization 226

Jaggaer

NOVEMBER 14, 2024

Forward-thinking organizations have transformed the department into an untapped gold mine that creates value for the entire end-to-end manufacturing process—from design and sourcing to production and delivery. An advanced source-to-pay platform is crucial for unleashing procurement’s potential and optimizing supply chain performance.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Chief Procurement Officer Supply Chain Optimization 52

Procurement Tactics

MAY 8, 2023

At its core, it is the integration of all the partners in the supply chain where important and critical information from all sources is gathered and shared with all the trading partners in the supply chain. Reduction of inventory costs precise demand forecasting minimizes stock shortages and enhances comprehension of production requirements.

Supply Chain Efficiency 200

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 200

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

Procurement Insights

NOVEMBER 21, 2023

In my December 2019 post , Sorry, Charlie, there is something wrong with the world’s seafood supply chain I talked about consumer demand for tracking the seafood industry from source to plate. Here is my comment on their post regarding at which point should end-to-end, source-customer visibility begin in the manufacturing process?

e2e 86

e2e Real-time Visibility Sourcing Consumer demands 86

SCMDOJO

APRIL 11, 2025

Is inventory bloating your costs? A scorecard acts as your dashboard, providing crucial visibility that helps you: Make Data-Driven Decisions: Replace guesswork with facts when evaluating suppliers, processes, and inventory levels. Improve Efficiency: Understand process timelines and inventory holding to streamline operations.

Supply Chain KPIs 57

Supply Chain KPIs Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 57

Jaggaer

APRIL 9, 2025

Supply chain processes include procurement from source to pay, together with inbound logistics, production, quality control, outbound logistics and post-sales service. Direct material management oversees the sourcing, procurement, storage, and flow of raw materials, components, and subassemblies.

Agile and Lean Supply Chain 52

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