SIPMM Professional Publications

JULY 17, 2020

Strategic sourcing skills play an important role before any purchase are made in every industry. It includes analyzing high-volume purchases and developing long-term partnerships with a picked group of suppliers, which can provide quality products and services at low costs.

Purchasing Skills 97

Purchasing Skills Sourcing Industry Procurement 97

Supply Chain Brain

NOVEMBER 13, 2023

Crowd-sourced delivery can help. Customers’ expectations for delivery are always moving toward freer and faster, and for retailers, it can feel like the goalposts are constantly moving.

Purchasing Skills 98

Purchasing Skills Sourcing Purchasing 98

NGT News

FEBRUARY 19, 2024

This offer follows the entry into exclusive negotiations between the two parties, announced in December 2023. The fixed part of the proposed price for the sale […] The post Atawey Makes Offer to Purchase McPhy Energy’s Refueling Station Business appeared first on NGT News.

Purchasing Skills 52

Purchasing Skills Negotiating Skills Purchasing Distribution 52

The Logistics of Logistics

JANUARY 13, 2023

The Amplio solutions ensure that you have the inventory you need, when you need it, at the most optimized price so that you can focus on what matters most to you and your business. Trey and the Amplio team believe that sourcing electronic components should be easy and predictable. Access diverse sources of supply.

Manufacturing Procurement 273

Manufacturing Procurement Optimal Sourcing Procurement Solutions Purchasing Skills 273

Supply Chain Brain

JULY 27, 2023

TradeBeyond’s quarterly Retail Sourcing Report provides a detailed overview of the current state of global retail sourcing to help supply chain leaders make more informed purchasing decisions.

Purchasing Skills 96

Purchasing Skills Sourcing Procurement Analytics Purchasing 96

The Logistics of Logistics

JULY 12, 2023

He is skilled in building and leading high-performing teams that thrive on inclusion, collaboration, and engagement. Corey is also proficient in product development and management, successful contract negotiations, continuous improvements, emerging technologies, and cultivating key relationships and partnerships.

Negotiating Skills 323

Negotiating Skills Inventory Reduction Purchasing Skills Supply Chain Design Software 323

Ship Monk

APRIL 5, 2024

The last time they raised prices? So much attention is paid to negotiating the price of the goods and coordinating the delivery that very little thought goes into the quality of the relationship and how improving it might help you both. If I don’t like the price or the quality, I just go elsewhere!

Negotiate Pricing 80

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 80

Shipsta

APRIL 21, 2022

There are few industries where this is as true as the logistics industry, especially when it comes to the different ways in which freight rates are purchased. What is the difference between procurement, sourcing and tendering? Or Spot buying and contract buying?

Purchasing Skills 130

Purchasing Skills Procurement Sourcing Logistics 130

SIPMM Professional Publications

OCTOBER 7, 2020

Negotiating contracts with suppliers play a huge part in the supply chain process. A successful negotiation can contribute to business success when an agreement is reached. During the process of contract negotiation, clauses have to be […]. During the process of contract negotiation, clauses have to be […].

Optimal Sourcing 88

Optimal Sourcing Purchasing Skills Procurement Purchasing 88

SIPMM Professional Publications

JANUARY 3, 2021

Negotiation is one of the decisive tools for buyers. Most businesses find it is complex to negotiate great corporate travel deals especially challenging getting great deals out of service providers such as airlines, hotel chains, local transportation companies, and telecom carriers.

Material Savings 88

Material Savings Buyer Training Purchasing Skills Strategy 88

MTS Logistics

NOVEMBER 26, 2021

To all procurement and logistics specialists, how many of your daily emails pertain to purchase orders? Numerous details are manually recorded, such as the products needed, quantity of items, descriptions, pricing, payment details, delivery methods and dates. Many companies have not automated this fundamental Purchase Order operation.

Purchasing Skills 78

Purchasing Skills Procurement Analytics Purchasing Negotiate Pricing 78

SIPMM Professional Publications

JANUARY 10, 2021

The post Crucial Factors for Sourcing Tropical Fruits appeared first on SIPMM | Singapore Institute of Purchasing and Materials Management. Tropical fruits are very sensitive to the temperature of cold and frost. […].

Purchasing Skills 143

Purchasing Skills Sourcing Temperature Purchasing 143

Logistics Viewpoints

JUNE 29, 2023

It is crucial for organizations to understand the importance of Purchase Order collaboration to effectively manage their direct spend, optimize operations, and mitigate risks. Direct spend can be a significant part of the Cost of Goods Sold for an organization.

Manufacturing Procurement 111

Manufacturing Procurement Procurement Analytics Inventory Reduction Material Savings 111

Supply Chain Brain

MAY 31, 2023

TradeBeyond’s quarterly Retail Sourcing Report provides a comprehensive examination of the current state of global retail sourcing to help supply chain leaders better understand macroeconomic trends and make more informed purchasing decisions.

Purchasing Skills 52

Purchasing Skills Sourcing Procurement Analytics Purchasing 52

SIPMM Professional Publications

APRIL 19, 2020

Purchasing is a highly complex hierarchical procedure with targets that reach a long way past the conventional conviction that purchasing essential job is to acquire products and ventures because of inward needs.

Purchasing Skills 113

Purchasing Skills Purchasing Sourcing Strategies Material Savings 113

NGT News

NOVEMBER 4, 2022

has resulted in the purchase of an additional 73 dynaCERT flagship HydraGEN Technology Units. Alectra has purchased a total of 88 units. “As As global diesel prices soar, dynaCERT is very pleased to serve the private and public sector in Canada and internationally, including utilities, communities and governments […].

Purchasing Skills 98

Purchasing Skills Purchasing Government 98

Ship Monk

DECEMBER 5, 2022

Could there be hidden costs you’re not accounting for in your pricing strategy? One of the most common mistakes direct-to-consumer (DTC) ecommerce brands make is failing to understand and track their true costs, a.k.a. landed costs. What is Landed Cost? Landed Cost vs. Cost of Goods Sold.

Negotiating Skills 52

Negotiating Skills Purchasing Skills Cost Reduction eCommerce 52

The Logistics of Logistics

AUGUST 7, 2017

Have you ever been to place, maybe on a cruise or somewhere in China or the Middle East, where the marketplace is so crowded that you can’t decide what to purchase let alone from which stand? Developing 21st Century Sales Skills to Sell More 3PL Services. How do you stand out in a crowded marketplace? How do you do it effectively?

Purchasing Skills 150

Purchasing Skills 3PL Strategy Webinar 150

SIPMM Professional Publications

APRIL 4, 2019

Nowadays, suppliers do not solely have an impact on reducing costs and improving products or services but are more involved in the product design and development process. Hence, selecting the right suppliers and composing the optimal supply base is one of the most challenging parts of strategic purchasing.

Optimal Sourcing 101

Optimal Sourcing Purchasing Skills Sourcing Production 101

SIPMM Professional Publications

OCTOBER 10, 2018

Global sourcing refers to seeking goods and services beyond one’s borders, i.e., from the global market. It is a procurement strategy in which companies try to find the most cost-efficient place globally for manufacturing goods. The post Techniques for an Effective Global Sourcing Strategy appeared first on SIPMM ACADEMY.

Sourcing Strategies 113

Sourcing Strategies Manufacturing Procurement Cost Reduction Purchasing Skills 113

SYSPRO Smarter ERP

OCTOBER 9, 2023

Cost efficiency, quality management and traceability are major issues for companies in this region. Managing costs With the demand for fabricated metal products growing so much, production runs are increasing as are the costs. The significant cost items are labor, materials and machinery.

Manufacturing Procurement 111

Manufacturing Procurement Purchasing Skills Cost Reduction Optimal Sourcing 111

West Coast and California Logistics

OCTOBER 26, 2023

According to an article in Grocery Dive , the priorities of shoppers has changed due to recent price increases related to inflation. New research by Bazaarvoice shows that price is now the main driver in customer purchasing decisions.

Purchasing Skills 62

Purchasing Skills Purchasing Article 62

SIPMM Professional Publications

OCTOBER 9, 2020

Such factors include sourcing and shrink reduction. The post Global Sourcing Considerations for Food Retail Distribution appeared first on SIPMM | Singapore Institute of Purchasing and Materials Management. When supervising the fresh food department, it requires close attention to some crucial considerations.

Purchasing Skills 103

Purchasing Skills Sourcing Distribution Material Savings 103

GoShip Blog

AUGUST 24, 2021

When the bulk of your business funds go to packaging and deliveries, it might be time to reconsider reducing shipping costs to improve your profit margin. Calculating the costs of shipping expenses can be overwhelming. Most major carriers overcharge customers for shipping insurance costs. Tip 5: Increase Product Prices.

Cost Reduction 98

Cost Reduction Negotiating Skills Material Savings Purchasing Skills 98

FreightWaves SONAR

DECEMBER 14, 2020

This week, learn how freight market participants are able to measure if freight pricing control lays in the hands of freight shippers or freight carriers. What is the DHL Supply Chain Pricing Power Index? The chart above has an 80 reading which indicates that the control of freight pricing lies in the carriers’ hands.

Negotiating Skills 52

Negotiating Skills Purchasing Skills Price Reduction Freight 52

Logistics Bureau

NOVEMBER 6, 2023

Recent studies have shown that among the challenges frustrating warehouse and distribution centre managers this year, rising energy and labour costs are two of the most often cited. We hope the tips and ideas in this article will help you make inroads into warehouse energy and labour cost reduction.

Cost Reduction 107

Cost Reduction Purchasing Skills Waste Reduction Material Savings 107

FreightWaves SONAR

DECEMBER 9, 2020

Most freight brokers have to source their own freight broker leads. Here are six tips for sourcing freight broker leads that will minimize the time and resources required to source and research shipper leads. . 6 Tips to source freight broker leads. #1: One challenge comes from the term “shippers.” 3: Conference agendas.

Sourcing Strategies 106

Sourcing Strategies Purchasing Skills Sourcing Tips 106

SIPMM Professional Publications

JULY 23, 2020

Businesses dependent on global sourcing are facing hard choices in during period of pandemic such as the current Covid-19 situations with the supply chain disruptions. The post Mitigating Global Sourcing Risks in a Pandemic appeared first on SIPMM | Singapore Institute of Purchasing and Materials Management.

Purchasing Skills 97

Purchasing Skills Sourcing Scenario Planning Purchasing 97

Ship Monk

JULY 20, 2023

Even once you’ve decided on a shipping carrier and shipping service, the cost to send packages can vary greatly as a result of many factors. Here you’ll learn about the different factors that affect shipping costs including base rate, surcharges, weight, shipping zones, and shipping speed.

Negotiating Skills 52

Negotiating Skills Purchasing Skills eCommerce Cost Reduction 52

WorkWave

FEBRUARY 9, 2024

One effective strategy that’s been gaining traction is price bundling. Also known as packaged pricing, this strategy involves bundling various services together and charging one price. Bundled services are usually cheaper than if customers were to purchase each service individually. Why Does Bundle Pricing Really Work?

Price Reduction 52

Price Reduction Purchasing Skills Tips Procurement Solutions 52

NGT News

JANUARY 6, 2022

The system was purchased through the California Contract #1-18-61-16, which simplifies the procurement process and ensures best pricing. The post California County Purchases Beam Global’s Off-Grid EV Charging System appeared first on NGT News. The County of San Luis Obispo’s EV ARC system fits in a […].

Purchasing Skills 98

Purchasing Skills Purchasing Procurement 98

GoShip Blog

JUNE 1, 2021

of online shoppers expect cost-effective or free and fast delivery of goods. When it comes to shipping freight, business owners need to know their margins when estimating and analyzing shipping prices. Use a shipping cost calculator to help you save time and continue gaining profits in this highly competitive market.

Purchasing Skills 98

Purchasing Skills Procurement Solutions Tools Packaging 98

Logistics Bureau

DECEMBER 9, 2020

For instance, the Chief Procurement Officer will lead the sourcing process, develop the procurement strategy, identify potential suppliers, and manage short and long terms goals. Then we get the Project Procurement Manager, who is responsible for communicating with suppliers concerning the purchase of commodities, equipment, and services.

Manufacturing Procurement 118

Manufacturing Procurement Procurement Analytics Procurement Purchasing Skills 118

Material Handling and Logistics

JANUARY 12, 2018

Use your company’s military veterans and their five-hidden skill sets to make your company logistically successful. Logistics is an all-encompassing term that encompasses the purchase, movement, storage and planning of items that a company or organization needs to complete its mission. 2) War Game Your Supply Chain and Operations.

Military 162

Military Purchasing Skills Supply Chain Planning Software Logistics Network Optimization Software 162

TransAudit

DECEMBER 14, 2022

Fuel for all sorts of vessels has jumped in price over the last year or two. When fuel prices rise, so do shipping prices. Learning more about fuel costs and shipping will give you a better understanding of what’s going on and equip you with some strategies to help. How Fuel Costs Raise Shipping Prices.

Cost Reduction 73

Cost Reduction Purchasing Skills Price Reduction Expense Reduction 73

Fleet Owner

MARCH 26, 2019

A good benchmark about the health of your procurement process is what your procurement negotiations are based on. If you are solely negotiating on price, you’ve got a problem.

Purchasing Skills 94

Purchasing Skills Negotiating Skills Purchasing Procurement 94

NGT News

DECEMBER 28, 2022

Faurecia, a company of the Group FORVIA, Michelin and Stellantis have started exclusive negotiations for Stellantis to acquire a substantial stake in Symbio, a zero-emission hydrogen mobility company, to become a significant player along with existing shareholders Faurecia and Michelin.

Purchasing Skills 52

Purchasing Skills Purchasing Groups 52