SCMDOJO

SEPTEMBER 24, 2024

Make vs Buy Analysis is an essential decision-making tool in supply chain management that significantly influences profitability, flexibility, and competitiveness. It helps businesses decide whether to produce goods internally (make) or source them externally (buy), weighing costs, quality, scalability, and capacity.

Supply Chain Efficiency 98

Supply Chain Efficiency Supply chain management Supply chain management supply chain budgeting 98

TYA Suite

MAY 13, 2025

These are typically routine or recurring purchasessuch as office supplies, raw materials, tools, or maintenance servicesthat support the companys ongoing operations. This step often begins with employees or departments noticing a shortfall, whether its raw materials for production, office supplies, or maintenance equipment.

Procurement 40

Procurement supply chain budgeting Supply Chain Efficiency Raw materials 40

Procurement Templates

JUNE 18, 2023

Cost-push inflation: This happens when the cost of production for goods and services increases. It can be due to factors such as rising wages, higher raw material prices, or increased taxes. As businesses face higher costs, they pass them on to consumers by raising prices.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

SCMDOJO

APRIL 24, 2024

In 2024, the logistics and supply chain industry will continue its transformative journey, driven by technological advancements and growing consumer expectations. According to industry reports, over half of business leaders acknowledge the need for supply chain improvements, with 52% believing they could enhance their operations.

Supply Chain Efficiency 80

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization supply chain budgeting 80

Supply Chain Opz

JUNE 1, 2014

Professionals in supply chain management use various methods to identify best practices to improve the operations. Analysis of case study is certainly one of the most popular methods for people from business management background. Supply Chain of fashion industry involves a time based competition.

Agile and Lean Supply Chain 95

Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Supply chain 95

Procurement Insights

MAY 21, 2025

QUESTION 1: How does Hansen’s Metaprise Model address the following CPO concerns: Budget Constraints, Process and System Alignment, Technology Gaps, Challenging Market Dynamics, Difficulty Engaging Stakeholders? tariffs, port strikes), reducing costs by 2030% (DND case study). Heres how it tackles each challenge: 1.

supply chain budgeting 52

supply chain budgeting Real-time Visibility Stakeholder engagement Agile and Lean Supply Chain 52

TYA Suite

MAY 23, 2025

Managing a successful supply chain requires more than just ensuring products are delivered on time its about building strong, effective partnerships with your suppliers. Supplier collaboration is essential for optimizing supply chain performance and achieving long-term business success.

supply chain software solutions 40

supply chain software solutions Collaboration Supply Chain Efficiency Suppliers 40

IBM Supply Chain Blog

FEBRUARY 13, 2024

In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

Supply Chain Game Changer

MAY 19, 2022

Subscribe to Supply Chain Game Changer. With supply chain disruptions, low capacity, and skyrocketing fuel costs, manufacturers and shippers are facing monumental hurdles. There’s a rising demand for raw materials and products and inadequate drivers to ship products. Optimize Routes.

supply chain budgeting 98

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 98

Planergy

MAY 8, 2025

4] Organizations are not just saving time; theyre also reducing errors, improving approval cycles, and increasing compliance. Dashboards and integrated analytics help identify bottlenecks, reduce costs, and make it easier to flag issues early. 9] Risk mitigation is another driver.

Strategy 52

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

NLPA (Next Level Purchasing Association)

MAY 8, 2023

Supply chain visibility is essential for successful procurement, as it enables businesses to proactively manage risks and optimize their supply chain. By having a clear view of their entire supply chain, businesses can identify potential issues and take steps to mitigate them. million in 2015.

Supply Chain Visibility 52

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

Empowering CPO

MAY 8, 2023

Importance of Risk Management in Procurement Procurement plays a critical role in the success of any organization, as it involves acquiring goods and services necessary for business operations. Finally, we will provide practical tips for incorporating risk management best practices into your organization’s procurement process.

Risk management 52

Risk management Risk Procurement strategies Strategy 52

FourKites

DECEMBER 23, 2020

Calculating the productivity and efficiency of any operation is, at its most basic, determining the ratio of cost inputs to revenue generated. Supply chain productivity is no different. Cost control measures in supply chain efficiency should address three major areas: labor, inventory and transportation.

Supply Chain Efficiency 52

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

Procurement Heads

JUNE 28, 2022

According to Raconteur’s report in The Sunday Times on the Future of Supply Chain & Procurement, constant problems in the supply chain have proved a real headache for many businesses over the past two years. Who can help us solve some of these problems?’.

Chief Procurement Officer 130

Chief Procurement Officer Supply Chain Optimization supply chain budgeting Innovation 130

Procurement Templates

MARCH 3, 2024

Risk Assessment : Identifying potential risks associated with procurement activities is essential for effective planning and mitigation. Risks may include budget constraints, supply chain disruptions, quality issues, legal compliance, etc.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Empowering CPO

JUNE 30, 2023

Introduction In the dynamic world of business, the ability to effectively manage and optimize supply chains has emerged as a critical success factor. At the heart of this revolution lies a powerful tool that many companies are now leveraging to achieve competitive advantage: Managed Procurement Services.

Supply Chain Optimization 52

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

World of Procurement blog

MAY 8, 2024

What is Supply Chain Management (SCM) Supply Chain Management (SCM) is the management of the flow of goods, services, information and finances as they move from raw materials to final product, from manufacturer to consumer. Optimized supply chains lead to improved profit margins.

Agile and Lean Supply Chain 40

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

Planergy

JANUARY 26, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The best way to minimize disruption is to identify the various supplier risks and create a plan of action for what to do if the risk becomes a reality.

supply chain software solutions 52

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

Supply Chain Game Changer

NOVEMBER 22, 2018

Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? As we have all seen in the last few years, school districts across the United States are not making budget and there have been a lot of cuts. Federal Government is stepping up cutting budget dollars for programs. What are We Seeing Firsthand?

supply chain budgeting 79

supply chain budgeting Procurement Supply Chain Efficiency supply chain software solutions 79

SCMDOJO

JULY 24, 2023

Contract Logistics is a critical aspect of the supply chain that often remains behind the scenes but plays a significant role in ensuring the efficient movement and management of goods. Key Players In the world of contract logistics, several key players collaborate to ensure the smooth functioning of the supply chain.

Contract 98

Contract Logistics Supply Chain Efficiency Supply Chain Optimization 98

World of Procurement blog

APRIL 23, 2024

This guide delves into the essentials of procurement within the construction sector, discussing various strategies, potential obstacles, supply chain structures, contract types, and managerial aspects necessary for efficient and effective procurement. Cost Management: Budgeting and tracking expenses related to procurement.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Procurement Agile and Lean Supply Chain 52

World of Procurement blog

APRIL 23, 2024

This guide delves into the essentials of procurement within the construction sector, discussing various strategies, potential obstacles, supply chain structures, contract types, and managerial aspects necessary for efficient and effective procurement. Cost Management: Budgeting and tracking expenses related to procurement.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Procurement Agile and Lean Supply Chain 52

Arkestro

APRIL 25, 2023

The workforce shortage reached half a million this year , and many sectors continue to grapple with increased lead times, and volatile material costs. In fact, 71% of all companies said the cost of raw materials is the biggest threat to their supply chain in 2023. from February 2020 to August 2022.

Supply Chain Efficiency 52

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

Procurement Software

JULY 9, 2024

Direct procurement involves acquiring raw materials and components essential for your production process. Procurement tools for direct spend need to be tailored to work with your supply chain, quality and production teams. Direct procurement technology optimises crucial areas in managing direct spend.

Raw materials 40

Raw materials supply chain software solutions Procurement Supply Chain Efficiency 40

Barkers Procurement

JANUARY 26, 2024

The pressures that procurement faces show no signs of reducing. The increasing pressure from macroeconomic factors that include inflation, continued supply chain disruption, geopolitical tensions and ESG factors are primary areas of concern for the procurement professional. The extra cost will feed through to business costs.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Procurement e2e 52

Barkers Procurement

JANUARY 26, 2024

The pressures that have been placed on the Procurement function show no signs of reducing. The increasing pressure from macroeconomic factors that include inflation, continued supply chain disruption, geopolitical tensions and ESG factors are primary areas of concern for the procurement professional. How can Barkers help?

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Procurement e2e 52

TYA Suite

MAY 3, 2025

Whether its raw materials, software, logistics, or outsourced services, companies rely on multiple suppliers to run smoothly. However, managing vendors manually through spreadsheets, emails, and phone calls is inefficient and affective to errors. This is where Vendor Management Tools (VMS) become essential.

Vendor management 40

Vendor management Management supply chain software solutions Contract 40

Zycus Cognitive Procurement

JANUARY 24, 2023

Shortages in raw materials, energy, shipping, and labor required that CPOs performed at the top of their game to ensure business continuity. 2) Effective risk management should be a priority After the Covid-19 pandemic, enterprises have been firefighting to manage risks and have invested in developing supply chain resilience.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Barkers Procurement

AUGUST 2, 2023

The pressures that have been placed on the Procurement function show no signs of reducing. The increasing pressure from macroeconomic factors that include Inflation, Continued Supply Chain disruption and Geopolitical tensions are primary areas of concern for the procurement professional. How can Barkers help?

Supply Chain Efficiency 52

Supply Chain Efficiency e2e Procurement supply chain budgeting 52

Supply Chain Game Changer

NOVEMBER 23, 2018

Growing global complexity in supply chain management has forced organizations to look towards technology as their silver bullet; serving as the missing link between people (supply chain actors) and the ability to collaborate at scale. Check out What Exactly is Blockchain? And How Does it Work? Infographic).

Supply Chain Efficiency 66

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 66

World of Procurement blog

MAY 8, 2024

It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. In summary, procurement is a strategic function focused on maximizing value, reducing costs, and building competitive advantage.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Arkestro

OCTOBER 3, 2024

From an increasing regulatory landscape to new automotive innovations, it’s never been more important for procurement professionals to find new ways to reduce costs, eliminate inefficiencies, and stay updated on the latest industry trends. It’s anything but easy to manage.

Procurement 52

Procurement Procurement team Supply Chain Efficiency supply chain budgeting 52

Procurify

JULY 20, 2022

So, what are the common challenges purchasing managers face today, and how can they address them? Risk management and mitigation. Risk management and mitigation is a primary purchasing challenge today. Before, purchasing managers often prioritized spend management. Lack of visibility.

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 52

Procurement Software

MARCH 11, 2022

This enables the material or part in question to be freely sourced from other suppliers. Purity / grade and tolerance are also important for raw materials and purchased parts for production. This can lead to supply chain disruption caused by storeroom stock-outs of critical spare parts. Incorrect lead times.

Data 52

Data Raw materials Procurement Suppliers 52

Procurement Software

MARCH 11, 2022

This enables the material or part in question to be freely sourced from other suppliers. Purity / grade and tolerance are also important for raw materials and purchased parts for production. This can lead to supply chain disruption caused by storeroom stock-outs of critical spare parts. Incorrect lead times.

Data 52

Data Raw materials Procurement Suppliers 52

Procurement Software

APRIL 2, 2024

You don’t need a 6-figure software budget or a large sum to hire consultants for implementation. There’s plenty of digital procurement solutions out there for every budget. So, we’re going to take a quick look at three different price brackets and examine what you can buy with this budget. Let’s dive in.

supply chain software solutions 52

supply chain software solutions supply chain budgeting Procurement Budget 52

Procurement Software

JULY 4, 2023

It aims to make the procurement process more efficient, transparent, and cost-effective. It can help organisations reduce costs, optimise supplier relationships and increase compliance. It has become an essential tool for companies in today’s digital world to save time and reduce costs.

Supply Chain Efficiency 52

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