Procurement Tactics

APRIL 6, 2023

You can focus on slowly adopting a circular supply chain where the raw materials are recycled back into the production process. 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. So what are you waiting for, enroll now!

Supply chain analysis 226

Supply chain analysis Sustainability Supply Chain Efficiency Supply Chain Optimization 226

ProcurePort

JANUARY 13, 2022

Do companies follow the same procure-to-pay procurement steps used in direct spending when making in-house related purchases? They follow similar procure-to-pay procurement life cycle steps as when buying raw materials for fabrication of goods for sale. The answer is yes. Let’s find out.

Raw materials 130

Raw materials Procurement Purchasing 130

NLPA (Next Level Purchasing Association)

APRIL 8, 2024

Understanding this distinction is essential for anyone entering the procurement, purchasing, or supply chain field. Understanding Supply Chain Management (SCM) Supply Chain Management (SCM) refers to the broad oversight of the entire flow of goods and services, from the very beginning (raw materials) to the very end (reaching the customer).

Supply Chain Efficiency 52

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

Procurify

JULY 20, 2022

If you are a purchasing manager struggling to meet your saving targets, you’re not alone. . Technological advancements are also rapidly changing the responsibilities of purchasing managers. . Now is a crucial time to re-evaluate the importance of purchasing in the overall organization strategy. Written by: Procurify.

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 52

ProcurePort

APRIL 1, 2021

Procure-to-pay, also known as purchase-to-pay (P2P) is a fundamental procurement process designed to source and pay for the raw materials and or services needed by an enterprise to produce finished goods. […]. What is procure-to-pay (P2P) and how does it affect your procurement campaigns?

Raw materials 130

Raw materials Procurement Purchasing Sourcing 130

ProcurePort

MARCH 17, 2021

What is a bill of materials (BOM), and how does it impact the life of manufacturers? If you’re assembling a product, it’s important to have a manual that specifies the correct raw materials and provides a clear step-by-step manufacturing process. The post What is a Bill of Materials (BOM) and How Do You Create One?

Bill of materials 130

Bill of materials Raw materials Purchasing Import 130

Procurement Tactics

JUNE 28, 2023

Commodities are Tangible products, which usually refer to raw materials that are used as inputs in producing other goods and services. Commodity Trading is the exchange of essential raw materials and goods. Commodity Trading is the exchange of essential raw materials and goods. What is Commodity Trading?

Raw materials 178

Raw materials Supply Chain Efficiency Price Market analysis 178

ivalua

JANUARY 29, 2021

Frédéric Lino EVP Purchasing and Supply Chain. He also holds an Executive Master in International Purchasing Management from ESSEC Business School (2012). He was then promoted to Purchasing Executive Manager at Renault-Nissan, where he will be in charge of seat and raw material amenities with the management of 25 buyers.

Raw materials 100

Raw materials Purchasing Buyers Supply chain 100

Arkestro

JANUARY 18, 2023

Chemical manufacturers turn an array of raw materials—gas, minerals, metals, and more—into countless products used in everyday life. Predictive procurement is the key to securing raw materials at the right price and time. Some raw materials are in short supply, and others are dangerous to extract, transport, and store.

Raw materials 94

Raw materials Procurement supply chain budgeting Supply Chain Efficiency 94

Strategic Sourceror

JANUARY 20, 2023

When transportation centers near critical waterways are unable to deliver goods beyond their central distribution points, manufacturers located further inland are unable to source the raw materials needed to deliver finished products. Flooding could severely impact the resiliency of global supply chains.

Supply chain 142

Supply chain Raw materials Supply Strategic sourcing 142

Arkestro

MAY 16, 2022

Using a huge range of raw materials for production, companies in this industry supply chemicals to virtually every sector. Shipments are global, and so are the sources of raw materials. Some raw materials are in short supply. Purchased 35,000 different raw materials.

Raw materials 52

Raw materials Procurement Real-time Visibility supply chain software solutions 52

Supply Chain Game Changer

APRIL 20, 2022

Within the apparel industry, the key operations within the supply chain concern the following: Movement of Raw Materials Human Resources Logistics and Transportation. Perhaps the hardest challenge looked at by this industry is the expense of cloth-making and the cost of both local and imported raw materials used for cloth-making.

Supply Chain Optimization 95

Supply Chain Optimization Supply Chain Efficiency Import Raw materials 95

Strategic Sourceror

JANUARY 20, 2023

Raw materials procurement could fuel further inflation Raw materials are in short supply and many manufacturers are finding it difficult to source the materials they need to fuel their production processes. Businesses might respond to inflation by overstocking warehouses, which could make inflation worse.

supply chain budgeting 62

supply chain budgeting Raw materials Supply chain Supply 62

Spend Matters

DECEMBER 19, 2022

In addition to providing cost insights, WTP can help improve a client’s relationship with its suppliers by serving as a starting point for discussions that use facts and identified trade-offs to find solutions instead of simply relying on pure purchasing power. Read more. ).

Price 83

Price Raw materials Management Buyers 83

Procurement Tactics

NOVEMBER 27, 2022

We will discuss with you what green purchasing is and the challenges facing procurement professionals in green procurement. What is Green Purchasing? Additionally, green purchasing considers the circular economy. What is green purchasing? Many companies are now starting to implement green procurement in their operations.

Procurement 191

Procurement Sustainability Purchasing Raw materials 191

Procurement Heads

NOVEMBER 15, 2022

So, the CFO became my new boss, and because of the benefit we had seen in raw material purchasing we were then able to support indirect procurement, which was great and one of the reasons I took the job as I had never really done indirect procurement before. That was one of the first big challenges of stepping into that area.

Raw materials 246

Raw materials Buyers Price Procurement 246

Strategic Sourceror

JANUARY 20, 2023

As demand for solar panels continues to increase, manufacturers' overreliance on China-produced polysilicon and other raw materials used in the production of solar panels could put the solar supply chain at serious risk. Brought to you by the StrategicSourceror.

Raw materials 62

Raw materials Strategic sourcing Strategic sourcing Supply chain 62

Arkestro

DECEMBER 5, 2022

Technology innovations have been massive, changing how food is grown, processed, and purchased. With globalization, raw materials may come from across the globe. Raw Materials Shortages. For instance, raw materials like wheat and corn could become more scarce with the Russia-Ukraine conflict.

Raw materials 98

Raw materials Procurement Agile and Lean Supply Chain Supply Chain Optimization 98

Procurement Tactics

NOVEMBER 25, 2022

Recession economies also see a decline in production and manufacturing as a result of more expensive raw materials. . In particular, General Services Administration’s Multiple Award Schedules (GSA/MAS) purchasing program is known as an almost recession-proof bid since it offers long-term contracts ranging from five to 20 years.

Raw materials 195

Raw materials Bidding Contract Suppliers 195

Supply Chain Game Changer

MAY 29, 2022

Purchase Order Financing. Purchase order financing is commonly used in e-commerce to fund huge orders. For this, they will need to purchase raw materials to build the bicycles. The lender approves the application and pays the supplier for the rest of the raw materials and the bicycle seller takes delivery.

Raw materials 86

Raw materials Purchase orders Contract Purchasing 86

Positive Purchasing

JUNE 14, 2023

In his session on Driving Sustainability Through Direct Materials , Jonathan discussed the unique opportunities for improvement in direct materials spend, suppliers, and supply chains. Jonathan was joined by Kelly Barner, Partner and Head of Content and Operations at Art of Procurement for the session.

Sustainability 52

Sustainability Raw materials Procurement Supply Chain Optimization 52

EazyStock

OCTOBER 21, 2021

Now, instead of managing their inventory manually in Excel spreadsheets, EazyStock automatically calculates reorder points and quantities and recommends purchase orders. We purchase our raw materials from all over the world, and we sell our products mainly within the EU. Name: Wouter van der Zwaan.

Raw materials 52

Raw materials supply chain software solutions Inventory Supply Chain Optimization 52

Spend Matters

FEBRUARY 20, 2023

The solution provides digital product passports that could address the demands of consumers and regulators for proven sustainability in complex supply chains, such as those that underpin the chemical, plastic, metal, critical raw material, automotive, electronics, packaging and construction industries.

Supply Chain Efficiency 70

Supply Chain Efficiency Supply chain Raw materials Supply Chain Visibility 70

Procurement Tactics

SEPTEMBER 16, 2022

In building an action plan, you must evaluate each purchasing category based on the defined criteria and classify your purchasing strategies. Redesign your purchasing process. In redesigning your purchasing process to achieve sustainability, you must detail environmental factors that will be included in the specifications.

Sustainability 130

Sustainability Procurement Supply Chain Efficiency Purchasing 130

Procurement Tactics

SEPTEMBER 9, 2022

The purpose of why he created the Matrix was to help companies in maximizing supply security and reduce costs by using most of their purchasing power. Hence, the purchasing strategies you would want to use for these types of items focus on reducing administrative costs and logistical complexity. Classify purchasing portfolio.

supply chain budgeting 130

supply chain budgeting Purchasing Risk Market analysis 130

Procurement Tactics

JANUARY 12, 2023

A procurement consultant is an individual who has an extensive professional experience in purchasing or procurement. . Additionally, a procurement analyst provides procurement managers with an analysis of the raw material development, market situations, and current supplier base. Common Jobs Mostly Freelanced in Procurement.

Procurement 187

Procurement Raw materials Sourcing Suppliers 187

Strategic Sourceror

FEBRUARY 6, 2023

Brent Nykoliation, executive vice president of NextSource Materials, told the Journal that this could be a massive predicament for automakers, given how much of a traditional car battery is composed of graphite. "Graphite always seems to be the forgotten battery material, yet it's in half the battery," Nykoliation said.

Raw materials 140

Raw materials Strategic sourcing Strategic sourcing Demand 140

Procurement Templates

SEPTEMBER 14, 2023

Life cycle assessments (LCAs) evaluate the environmental effects of a product from raw material extraction to disposal. For example, a product with a lower purchase price may have higher long-term operational and disposal costs. LCAs can also reveal hidden costs associated with unsustainable practices.

Sustainability 130

Sustainability Supply Chain Efficiency Procurement Ethics 130

Procurement Heads

NOVEMBER 15, 2022

So, the CFO became my new boss, and because of the benefit we had seen in raw material purchasing we were then able to support indirect procurement, which was great and one of the reasons I took the job as I had never really done indirect procurement before. That was one of the first big challenges of stepping into that area.

Raw materials 130

Raw materials Buyers Price Procurement 130

Procurement Heads

FEBRUARY 2, 2023

I discovered I enjoyed it and worked my way up to Purchasing Manager. Procurement at graze is predominantly focused on the raw materials side of things so the biggest spend area for us is our raw materials, by which I mean packaging, ingredients, and bits around consumables as well like PPE, toiletries and those types of things.

Raw materials 130

Raw materials Sustainability Procurement Buyers 130

Spend Matters

APRIL 4, 2024

Category management ChAI is a pricing and market intelligence solution that allows customers to understand future raw material prices, providing insights for procurement, risk management and finance, so that they can stay on top of market changes and provide visibility of short- to long-term forecasts.

Procurement 84

Procurement Risk management Raw materials supply chain software solutions 84

Supply Chain Game Changer

JULY 21, 2021

It can tell you whether or not raw materials and/or goods are arriving at their scheduled time and whether or not the correct amount arrives. Procurement is incredibly important for a company since it helps them to make key purchasing decisions that directly affect a company’s bottom line. OTIF (Service). Procurement Cost.

Supply Chain KPIs 98

Supply Chain KPIs supply chain budgeting Supply Chain Efficiency supply chain software solutions 98

NLPA (Next Level Purchasing Association)

MAY 5, 2021

Direct spending refers to the purchase of goods and services directly incorporated into a manufactured product. These are raw materials, subcontracted manufacturing services, components, hardware, and the like. The post Direct and Indirect Spending appeared first on Next Level Purchasing Association (NLPA).

Raw materials 52

Raw materials Strategic sourcing Strategic sourcing Category management 52

SCMDOJO

FEBRUARY 9, 2022

Machine parts manufacturing companies must rely on their supply chains to obtain and transport raw materials. Once they have the raw materials they need to make a product, they will need to manufacture and distribute it to a marketer to help them sell it to potential buyers. What does the Research Say?

Supply Chain Efficiency 136

Supply Chain Efficiency supply chain software solutions Supply chain Raw materials 136

Procurement Tactics

JANUARY 8, 2023

For example, for everything that you procure, there will be a corresponding impact embodied in your purchase such as the water or carbon in its creation. Mapping your spend categories to your ESG impact factors can provide visibility of the estimated footprint of the purchased goods and services of the business. Use of materials.

Sustainability 207

Sustainability Procurement Agile and Lean Supply Chain Supply Chain Optimization 207

Procurement Tactics

JUNE 8, 2023

Inventory management refers to the process of handling a company’s inventory, which includes raw materials, parts, and finished products. It keeps track of inventory from the time it is purchased until it is sold to customers. So, without further ado, let us now start! What is Inventory Management?

Inventory 187

Inventory Management Real-time Visibility Inventory control 187

Una

MARCH 1, 2023

The cost of utilities is going up and raw materials may be harder to come by in the months ahead. Kris Lance, Senior Director, Una How your GPO partner can help By design, The Sourcing Hero podcast doesn’t typically promote group purchasing organizations. Inflation remains high at 6.4%

Raw materials 97

Raw materials Purchasing Procurement Sourcing 97