ivalua

JUNE 16, 2021

For the short-term, a shift to local production alleviated reliance on Asian suppliers and helped mitigate risk, but a longer-term solution will require identifying opportunities to optimize costs, find alternative suppliers and enhance supply chain visibility. Enter eProcurement.

Eprocurement 130

Eprocurement Supply Chain Optimization Agile and Lean Supply Chain Procurement team 130

Arkestro

OCTOBER 29, 2023

Fortunately for us mere mortals, humans bring invaluable contributions to the procurement process that aren’t likely going to be replaced by machines anytime soon: Strategy: Human judgment and expertise are invaluable assets when it comes to things like supplier relationship management, negotiations, and more.

Procurement 52

Procurement Procurement team Supplier relationship management Supply Chain Optimization 52

Una

OCTOBER 17, 2023

By Hugo Britt | October 17, 2023 Search Search “Hey, Procurement?” “Yes, Dave?” “Contact Supplier X’s chatbot and see if you can negotiate a 15-day increase on payment terms for all products.” They will also have the potential to negotiate with suppliers (or suppliers’ chatbots) in real-time to secure better deals. Sure, Dave.

Procurement 52

Procurement supply chain software solutions Real-time Visibility Supply Chain Optimization 52

Procurement Software

MAY 9, 2022

Parallel to this, they offer the ability to streamline supplier governance and due diligence activities to cover increasing demands on compliance and supply chain visibility. Studied cases at Kodiak Hub show between 1–3 % loss of brand exposure resulting from a non-compliant supply chain.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Procurement Software

MAY 9, 2022

Parallel to this, they offer the ability to streamline supplier governance and due diligence activities to cover increasing demands on compliance and supply chain visibility. Studied cases at Kodiak Hub show between 1–3 % loss of brand exposure resulting from a non-compliant supply chain.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

SCMDOJO

APRIL 29, 2024

Sourcing: Sourcing is all about finding reliable suppliers, negotiating contracts, and managing relationships. This involves supplier selection, negotiation, and contract management to ensure timely and cost-effective procurement. It encompasses activities such as procurement, supplier selection, and evaluation.

Supply chain management 83

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 83

Supply Chain Game Changer

APRIL 29, 2020

Both the suppliers and shippers will need to monitor market conditions and costs on an ongoing basis as they enter carrier rate negotiations. Effective planning coupled with a clear understanding of the scope of business, quantities involved and the frequency of shipments allows you to have efficient freight negotiations with the carriers.

Supply Chain Optimization 69

Supply Chain Optimization Supply Chain Efficiency Export Route optimization 69

ivalua

JANUARY 13, 2016

When incorporated into an efficient strategic sourcing process, collaboration can result in better visibility into total costs and a better negotiation position. Strategic suppliers understand that providing supply chain visibility is a much desired value, and see collaboration as an opportunity to build better relationships.

Collaboration 100

Collaboration Suppliers Supply Chain Efficiency Supply Chain Visibility 100

Supply Chain Game Changer

NOVEMBER 19, 2018

Check out Brand Protection – The Definitive Role of the Supply Chain! The Supply Chain function within your company has many responsibilities. From planning to negotiating to buying, from moving goods to processing goods, and from managing data to managing inventory.

Agile and Lean Supply Chain 84

Agile and Lean Supply Chain supply chain budgeting Supply chain Raw materials 84

SCMDOJO

AUGUST 16, 2023

The CPFR program has been instrumental in enhancing overall supply chain visibility and efficiency, allowing Walmart to respond promptly to fluctuations in demand and supply, reducing stockouts, and optimizing inventory levels.

Supply Chain Efficiency 75

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 75

Supply Chain Game Changer

NOVEMBER 26, 2018

Supply chain visibility is also incredibly important these days. If you are managing, or hope to manage, a reasonably effective supply chain you need to know when goods are coming in to your company, moving through your company, and leaving your company. End-To-End Supply Chain Visibility.

Strategy 68

Strategy Management Real-time Visibility e2e 68

Supply Chain Game Changer

FEBRUARY 12, 2020

And they would not have the end to end supply chain visibility that can come with a TMS. Some people take any insinuation that someone else can negotiate lower costs as a personal affront, even if they have never before achieved these kinds of savings on their own. The service offering sold very well.

Real-time Visibility 76

Real-time Visibility Management Supply Chain Optimization supply chain budgeting 76

Supply Chain Game Changer

JULY 30, 2019

We have used the term “Supply Chain” here as well but it is also notable that there are differences between Supply Chain and Logistics Management as well. Logistics management includes a wide range of activities.

Logistics 72

Logistics Management Supply Chain Optimization Supply Chain Efficiency 72

Supply Chain Game Changer

NOVEMBER 8, 2018

And they would not have the end to end supply chain visibility that can come with a TMS. Some people take any insinuation that someone else can negotiate lower costs as a personal affront, even if they have never before achieved these kinds of savings on their own. The service offering sold very well.

Real-time Visibility 43

Real-time Visibility Management Supply Chain Optimization supply chain budgeting 43

Procurement Tactics

MAY 16, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Fourth Party Logistics — Everything You Should Know Fourth-party logistics (4PL) help businesses to optimize their entire chain. 4PL providers are more focused on optimizing the supply chain.

Logistics 211

Logistics Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 211

ivalua

APRIL 6, 2021

The complete contract lifecycle management process includes a contract request or initiation, authoring, negotiation/redlining and approval stages, execution and signature as well as obligation monitoring, renewals, amendments and expiration. Why is it Important to Manage Contracts? Usage of approved language helps to speed up approvals.

Contract 130

Contract Management Contract management e2e 130

Claritum

JULY 5, 2018

I’ve negotiated some preferred supplier contracts, but they struggle to gain adoption. True supply chain visibility means delivering real time information to upstream customers and downstream suppliers. I don’t know who spends what. I don’t know how to control spending in the tail. I don’t know what we buy.

Real-time Visibility 36

Real-time Visibility Management Chief Procurement Officer Supply Chain Efficiency 36

Supply Chain Opz

NOVEMBER 9, 2014

Ultimately, effective SRM can increase supply chain visibility, improve quality and supply consistency, drive down costs, improve customer service, create a higher mix of strategic versus active suppliers, and make an organization more competitive.

Agile and Lean Supply Chain 109

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 109

World of Procurement blog

MAY 8, 2024

Accurate demand forecasts enable effective supply chain planning. Source Sourcing involves identifying suppliers and negotiating pricing, lead times, quality, and other terms. Flexible sourcing options, insurance, and contingency protocols help mitigate supply chain disruptions.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply chain management Supply chain management Supply Chain Optimization 40

The Good Spending

JUNE 15, 2022

Therefore, negotiations will be the most suitable mode of supplier selection. T hese routine activities leverage integrated automated systems, enabling supply chain visibility. Buyclasses Buyclasses apply to the object of buying and represent its typical attributes and our individual behavior.

supply chain budgeting 52

supply chain budgeting Buyers Agile and Lean Supply Chain Supply Chain Optimization 52

Procurement Insights

AUGUST 30, 2023

Segment 7 – Enabling Technology: The Emergence of the Metaprise Enabling Technology Technology is the key in the supply chain organization of the future. The right technology will enable enterprise-wide supply management, external supply chain visibility, and internal and external collaboration.

Real-time Visibility 52

Real-time Visibility Procurement supply chain software solutions Buyers 52

Procurement Software

MARCH 5, 2024

Lavenir AI LavenirAI is a conversational AI-powered procurement negotiation training platform. Designed by procurement specialists, for procurement professionals, LavenirAI was developed to raise the bar for procurement negotiation. Leverage Leverage delivers end-to-end supply chain visibility powered by artificial intelligence.

Real-time Visibility 52

Real-time Visibility supply chain software solutions Procurement Supply Chain Efficiency 52

Una

OCTOBER 17, 2023

Frank is the Director of Market Strategy at Cleo, where he is focused on helping companies get ahead and stay ahead despite persistent supply chain complexity. These group purchasing organizations often have contracts with a wide range of suppliers, and they offer their member businesses access to these contracts at discounted rates.

supply chain budgeting 81

supply chain budgeting Real-time Visibility Supply Chain Efficiency Supply chain 81

Supply Chain Game Changer

MAY 30, 2019

US-China tariff negotiations; it’s refreshing to get back to basics and talk about the container industry. It’s certainly been an interesting past few months in the container shipping industry; from the upcoming IMO 2020 Low Sulphur Fuel requirements, Brexit (Yikes!), What’s new in alliances?

Logistics 53

Logistics e2e Export Supply chain 53

Procurify

JUNE 8, 2022

Getting to know your suppliers allows you to improve transparency, negotiate deals, build trust, and optimize your supply base all at the same time. . Creating a manageable supply base with supply base rationalization. As organizations grow, supply bases also tend to grow.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Real-time Visibility 52

Procurement Software

MARCH 7, 2023

Industry jargon refers to sourcing and the negotiation of terms and conditions as the “upstream” part of the process. Improvements to end-to-end supply chain efficiency. Negotiation of terms and conditions, without the need to imminently issue a PO as is the case in more transactional processes.

Sourcing 64

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 64

Procurement Software

DECEMBER 5, 2022

Industry jargon refers to sourcing and the negotiation of terms and conditions as the “upstream” part of the process. Improvements to end-to-end supply chain efficiency. Negotiation of terms and conditions, without the need to imminently issue a PO as is the case in more transactional processes. Supplier due diligence.

Sourcing 52

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 52

ivalua

FEBRUARY 11, 2021

In the immediate aftermath of the global pandemic, there’s been a shift to prioritizing cash management and improving supply chain visibility,” he said. “We Ardent Partners Big Trends 2021 Procurement Redefines Supply Chains. first agenda while negotiating Federal Trade agreements that offered no standard approach.

Procurement 246

Procurement supply chain budgeting Real-time Visibility Supply chain 246