Supply Chain Game Changer

MARCH 14, 2022

Subscribe to Supply Chain Game Changer. Supply Chain Education and Certification – What’s Missing? If you’re looking to start or improve your career in the field of supply chain management courses, you might be wondering where to start. Supply Chain Management Courses.

Supply chain management 119

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 119

Finale Inventory

JUNE 21, 2024

Raw materials play a crucial role in the field of ecommerce. This article aims to provide a comprehensive understanding of raw materials, including their definitions, formulas, types, and importance in the ecommerce industry. Raw materials play a fundamental role in the supply chain of ecommerce businesses.

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Raw materials Import Supply Chain Efficiency Supply Chain Optimization 52

Strategic Sourceror

OCTOBER 27, 2022

This was a sentiment shared by just about every product-based company during the pandemic, when the efforts designed to stamp out COVID-19 wound up wiping out supply chains more than anything else. Many of those supply chains remain in rough shape in a variety of respects, from raw materials being hard to come by to staffing shortages.

Collaboration 105

Collaboration Supply Chain Efficiency supply chain software solutions Supply chain 105

SCMDOJO

MARCH 24, 2025

This positive variance is achieved through effective negotiations, efficient internal management, and leveraging market opportunities. Market Fluctuations and Inflation : External factors such as inflation, rising raw material costs, and global supply chain disruptions have a significant impact on procurement costs.

Price 60

Price Purchasing supply chain budgeting Raw materials 60

Procurement Tactics

JUNE 7, 2023

Purchase price variance (PPV) is a measure of the difference between the actual cost paid for a product or raw material and the standard cost that was expected to be paid. It is a common concept in cost accounting and is used to evaluate the efficiency of a company’s purchasing process. Why is it Important?

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Price Purchasing Raw materials Negotiation 130

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. While it may not seem as strategic or high-profile as long-term sourcing deals, operational procurement is essential.

Procurement 40

Procurement supply chain budgeting Supply Chain Efficiency Raw materials 40

Jaggaer

JULY 4, 2024

Christian Heinrich, Co-Founder and Managing Director, c arbmee The 80% Challenge I was recently delighted to participate in a JAGGAER live webinar focused on the introduction, in recent years, of carbon emissions measurement as a factor in strategic sourcing. Data transparency Data transparency will be essential to carbon accounting.

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Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 59

Procurement Templates

JUNE 18, 2023

It can be due to factors such as rising wages, higher raw material prices, or increased taxes. Monetary inflation: This type of inflation is closely related to the money supply in an economy. Cost modeling: Develop cost models that consider various cost drivers, such as labor, raw materials, and energy.

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Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

SCMDOJO

JANUARY 17, 2024

Managing the supply chain involves the delicate art of aligning your product supply precisely with customer demand. That is to say, there isn’t one single career in supply chain management. That is to say, there isn’t one single career in supply chain management. Planners do exactly that.

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Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 98

IBM Supply Chain Blog

JANUARY 31, 2024

Sourcing isn’t just a concern for procurement teams. With rising consumer and stakeholder expectations around ethical and responsible supply chains, who supplies your organization’s goods and services is also a C-suite consideration. Near-sourcing can also reduce risk.

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Sourcing supply chain budgeting Supply Chain Efficiency Agile and Lean Supply Chain 91

World of Procurement blog

APRIL 23, 2024

Welcome to the fascinating world of supply chain management (SCM)! What Is a Supply Chain? At its most basic, a supply chain is a system consisting of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer. What Is a Supplier?

Supply chain management 52

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

World of Procurement blog

APRIL 23, 2024

Welcome to the fascinating world of supply chain management (SCM)! What Is a Supply Chain? At its most basic, a supply chain is a system consisting of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer. What Is a Supplier?

Supply chain management 52

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

TYA Suite

NOVEMBER 25, 2024

What is strategic sourcing and how does it work? Strategic sourcing is a method used by businesses to buy goods and services in a way that focuses on long-term value, not just short-term savings. Strategic is about building strong, lasting relationships with suppliers that deliver the best overall value.

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Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 40

Planergy

MAY 8, 2025

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. 5] Scalable Tools Handle Rising Demand: With 95% of organizations reporting increased procurement workloads, digital systems are helping teams scale, reduce cycle times, and handle complex supplier networks more efficiently. [4][5]

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

World of Procurement blog

MAY 8, 2024

Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Procurement is strategically important because it: Drives significant cost savings through economies of scale, supplier negotiations, and process efficiencies. Increases efficiency by standardizing, streamlining, and automating processes.

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Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

TYA Suite

APRIL 13, 2025

Apurchasing systemis a structured workflow business use to manage the acquisition of goods, services, or materials efficiently. raw materials, software licenses). All steps are documented for transparency and future planning. : Ensuring purchased materials meet required standards.

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Purchasing supply chain budgeting Supply Chain Efficiency Real-time Visibility 40

Arkestro

JULY 30, 2024

Resources / Blog / Cars on Demand: Production to Order is Changing the Automotive Industry’s Supply Chain Cars on Demand: Production to Order is Changing the Automotive Industry’s Supply Chain The automotive industry has always been at the forefront of implementing innovative production methods to meet consumer demands efficiently.

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supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Demand 52

Strategic Sourceror

MAY 12, 2022

With manufacturers responsible for approximately 11% of the United States' gross domestic product and employing nearly 8% of the nation's workforce, many of the supply chain problems the country is encountering have fallen squarely on the industry's broad shoulders. Expansive though they may be, manufacturers are feeling the pressure.

supply chain software solutions 52

supply chain software solutions Supply Chain Efficiency Supply chain Strategy 52

Supply Chain Game Changer

MAY 12, 2020

Subscribe to Supply Chain Game Changer. At Supply Chain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. This interview is with Danny Wang, Vice President of Sourcing and Procurement at Canada Goose. Subscribe Here! Email Address. Hey Procurement!

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

Strategic Sourceror

JUNE 30, 2022

We've all heard about supply chain shortages impacting every facet of our lives from a lack of electronics to the prices of cooking oil and food going up. Now, supply chain shortages could be impacting U.S. Supply chain issues are disrupting U.S. Why is this happening? power companies in a twofold manner.

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Supply Chain Efficiency Supply chain Raw materials Supply 52

Skill Dynamics

OCTOBER 19, 2023

This leads to professional growth and supply chain efficiency – just two benefits of role-based training , of which there are many more. Elevating Procurement Excellence Through Targeted Training Role-based procurement training is ideal because procurement and supply chain roles often come with role-specific challenges.

Supply Chain Optimization 52

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

Procurement Express

DECEMBER 31, 2024

How Best-in-Class Companies Turn Indirect Spend Into a Competitive Advantage Direct vs. Indirect Spend Direct spend, as mentioned, covers your raw materials, subcontractors, components, hardware, and whatever else you need to build the products you sell to customers. What Happens When Indirect Spend Isnt Managed?

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Spend management Strategy Management Real-time Visibility 40

Arkestro

AUGUST 22, 2023

Resources / Blog / The Power of Predictive Procurement Orchestration for Food & Beverage Supply Chain The Power of Predictive Procurement Orchestration for Food & Beverage Supply Chain Food and beverage procurement professionals have had their work cut out for them during the last few years.

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Food and Beverage Supply Chain supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 52

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. As the name suggests, Managed Procurement Services involves the strategic outsourcing of procurement processes to expert providers. The result?

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

Una

NOVEMBER 14, 2022

This left procurement organizations and departments scrambling to find more strategic alternatives to not only survive but carve out their place in an evolving global market. Some companies and organizations thought about the end-customer experience and strategic sourcing , but these concepts were more outliers than standard practice.

Procurement 98

Procurement Agile and Lean Supply Chain Supply Chain Efficiency Procurement team 98

Strategic Sourceror

DECEMBER 5, 2022

Prior to the pandemic, just-in-time inventory — the supply chain management strategy of keeping "just enough" inventory in stock to satisfy expected demand — was considered conventional wisdom. An excess inventory strategy may be the new best practice for supply chain efficiency.

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Inventory Strategy Supply Chain Efficiency Management 62

Supply Chain Game Changer

JULY 3, 2019

Subscribe to Supply Chain Game Changer. The Green Supply Chain: True Sustainability or Just One Big Marketing Stunt? in this case, responsible sourcing. Be sure to take into account a holistic understanding of value creation when choosing software to support your realization of responsible sourcing.

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Sustainability Sourcing Supply Chain Efficiency Real-time Visibility 70

SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference.

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Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 105

Planergy

JULY 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. ESG In Supply Chain: Creating a Sustainable Value Chain. ESG In Supply Chain: Creating a Sustainable Value Chain We all know just how valuable the supply chain is. Written by.

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

Procurement Software

JULY 9, 2024

Direct procurement involves acquiring raw materials and components essential for your production process. Standardised procurement software suites often cater to source-to-pay (S2P) and source-to-contract (S2C) functions with a strong bias towards use cases in indirect procurement.

Raw materials 40

Raw materials supply chain software solutions Procurement Supply Chain Efficiency 40

Planergy

JANUARY 26, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Here we’ll discuss various potential supply chain disruptions and what you can do to mitigate the risks to keep your business up and running throughout whatever circumstances are thrown your way.

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

The Procuretech Podcast

JULY 31, 2024

Tune in to uncover how these cutting-edge technologies enhance efficiency, mitigate risks, and foster stronger supplier relationships, making sophisticated procurement solutions accessible to direct procurement teams of all sizes. Does Direct Spend Need Its Own Tech Stack? We explore some concrete examples.

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supply chain software solutions Raw materials Supply Chain Efficiency Supplier relationship management 40

Una

OCTOBER 12, 2023

Understanding Offshoring, Onshoring, Nearshoring, and Rightshoring in Procurement Explore the nuances between offshoring and other approaches to procurement and how each one can impact the bottom line, supply chain resilience and overall strategic objectives.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply chain resilience supply chain budgeting 52

Empowering CPO

JULY 17, 2023

It’s the complex process through which businesses source and acquire the goods and services they need to operate and grow. From securing raw materials to procuring top-tier services, these purchases directly impact a company’s efficiency, productivity, and bottom line.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Supply Chain Optimization 52

Planergy

JANUARY 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Creating Strategic Partnerships. As a procurement professional, you know how important it is to have a reliable and cost-effective supply chain. Both tiers play an essential role in supply chain processes.

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Suppliers Supply Chain Efficiency Raw materials supply chain budgeting 52

Empowering CPO

JULY 17, 2023

From sourcing raw materials to securing high-quality services, procurement directly influences a company’s efficiency, productivity, and financial performance. Strategic Sourcing : Identifying optimal suppliers, negotiating contracts, and nurturing long-term relationships.

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Procurement Supply Chain Optimization Supply Chain Efficiency Raw materials 52

Arkestro

MARCH 13, 2023

Automotive sourcing is complicated, and few supply chains are as complex. Sourcing Scenario Picture this, you are on an automotive sourcing team (or maybe you don’t have to imagine because you already are!), New vehicles contain thousands of parts, ranging from tiny screws to highly sophisticated computer chips.

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Sourcing Strategy Raw materials Supply Chain Optimization 52