Purchasing Skills Related Topics 
Logistics Bureau
FEBRUARY 15, 2021
The best way to understand the difference between procurement and purchasing in a business is to consider the process involved in buying a car, says Logistics Bureau’s procurement specialist, Trent Morris. Procurement First, Purchasing Follows. But it’s not only the price.
Fleet Owner
NOVEMBER 27, 2022
Small and mid-sized fleets don’t have the negotiating power of the larger fleets but that doesn’t mean they can’t find ways to reduce parts costs. Here are some tips on where to find savings. Perspectives / IdeaXchange
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EazyStock
NOVEMBER 17, 2022
This year, purchasing teams are also facing continued challenges due to global supply chain and logistics pressures, component shortages, and soaring prices for electricity and fuel. The key is to keep track of your inventory planning and purchasing processes.
SIPMM Professional Publications
JANUARY 12, 2021
Contract negotiation does not necessarily equate to getting the cheapest price.It The post Negotiating Essential Clauses for Purchase Contracts appeared first on SIPMM | Singapore Institute of Purchasing and Materials Management.
Speaker: Max Muller, Attorney and Author
Supply chain managers should constantly be on guard against forces that could cause a significant point-of-failure in or to their supply chains. The sudden loss of a workforce is an evolving danger to those who provide raw materials, subassemblies, finished goods, and/or necessary services to supply chains; and to entities requiring those items or services. Join Max Muller for this timely, fast-paced and guidance rich webinar that will educate you on the specific steps involved in undertaking your own internal audit, as well as providing you with guidance on what your major and/or sole source suppliers should do as well.
Logistics Bureau
FEBRUARY 18, 2020
They always focus on price. Once you got only comparing “apples to apples”, then you start looking at the price. . Procurement - Purchasing - SRM Purchasing Videos Collaboration compliance cost efficiency price purchasing quality supply chain
SIPMM Professional Publications
APRIL 4, 2019
The post Key Provisions to be Negotiated in a Construction Purchase Contract appeared first on SIPMM INSTITUTE. Construction contracts are complicated documents that try to balance the needs of many different parties involved in a project. Contractors face much uncertainty when delivering on their contract responsibilities, so it is important to design contracts that are fair in allocating risk.
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?
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 The post Alectra Purchases 73 Additional HydraGEN Units Following dynaCERT Pilot Program appeared first on NGT News. dynaCERT Inc.’s
SIPMM Professional Publications
JULY 26, 2020
As a professional purchaser, negotiation skills will place one at an upper hand. Negotiation is a communication skill whereby the process involves two parties to […].
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.
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Material Handling and Logistics
FEBRUARY 7, 2019
Suppliers reported emissions reductions of 633 million metric tons of carbon dioxide leading to collective cost savings of $19.3 billion
MTS Logistics
APRIL 6, 2022
In the midst of supply chain issues, grocery giant Lidl has indicated that it will be purchasing container ships. This caused a shortage of goods in Lidl stores, as well as other retailers who source their goods from Asia.
United World Transporation
JUNE 25, 2020
According to industry experts, fuel purchases can account for approximately 25% of a trucking company’s operating expenses. What is fuel purchase routing? How do you calculate the best fuel purchase route? The cost is $50-100 per month, depending on your business type.
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.
Supply Chain Brain
OCTOBER 16, 2022
The lull in purchasing has worsened throughout the year as high inflation, rising labor costs and recession fears have triggered a reassessment of procurement budgets
Logistics Bureau
AUGUST 2, 2021
Competitiveness of Pricing. The price you pay your vendors for their products is a significant factor in your company’s ability to compete in its market. Emergency Purchase Rate. For that reason, the emergency purchase rate KPI is one you should certainly be keeping an eye on.
Logistics Business Magazine
OCTOBER 6, 2020
“Most challenging though is having to qualify internal limitations or present an unattractive price in order to cover the transactional cost to the 3PL. ” The post E-commerce Purchases are Rocketing appeared first on Logistics Business® Magazine.
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.
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. Purchase order date.
Logistics Viewpoints
MARCH 23, 2020
Companies with sustainability initiatives related to reducing greenhouse trucks often consider purchasing electric trucks. But companies need to pay attention to more than the purchase price. The post Are You Considering Purchasing Electric Trucks?
ShipLilly
MAY 25, 2022
News from “Borderlands” indicates a significant upsurge in diesel prices, which has impacted current import rates between the US and Mexico. Borderlands is a weekly source of news and analysis of events that affect the cross-border trade between the two neighbors. This week it was revealed that the price of fuel has gone to an all-time high in the US at $5.55 Indeed, the current prices are 51 cents higher than those recorded in April.
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
Supply Chain Brain
OCTOBER 10, 2022
Joe Marcaurelle, vice president and assistant general manager with Inmar Post-Purchase Solutions, explains how online merchants can use the post-purchase experience to change the returns process from a cost burden to a competitive advantage
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.
Parade
JANUARY 20, 2022
With software, that overrun can be costly, , according to McKinsey. That’s not to say that it doesn’t take time to get to the point where you can use a purchased software in operations; it takes time to implement, integrate, test, and train staff to work with new programs.
Ship Monk
FEBRUARY 16, 2023
Offering the preferred, faster 2-Day shipping option could eat away at your profit if you support the cost entirely. Over 50% of online shoppers stated they’d abandoned baskets at some point due to delivery costs. Fast shipping at an affordable price is the solution.
Ship Monk
SEPTEMBER 6, 2022
One of the most irksome tasks of owning an eCommerce business is keeping track of inventory—not just the number of units, but their costs. Most importantly, it goes into the formula to calculate the cost of goods sold (COGS) which determines whether or not your business is making a profit.
United World Transporation
AUGUST 22, 2019
According to industry experts, fuel purchases can account for approximately 25% of a trucking company’s operating expenses. So, any opportunities to increase fuel efficiency and save money are valued in the industry, and fuel purchase routing is a commonly used strategy by many long-haul truck drivers. What is fuel purchase routing? How do you calculate the best fuel purchase route? The cost is $50-100 per month, depending on your business type.
FueLoyal
JANUARY 16, 2019
On average, transportation companies spend 25% or more on fuel purchases. A 1% reduction in fuel costs can result in thousands of dollars in profit annually. Fuel management is set of activities and procedures companies implement in order to optimize fuel usage and reduce costs related to fuel purchasing. But fuel purchase routing works great with existing fuel cards and provides an extra layer of savings. What is Fuel Purchase Routing.
MTS Logistics
SEPTEMBER 29, 2021
In a press release published today on its website, the shipping carrier announced that it would purchase two Boeing 777 freight airliners in its bid to expand its presence in the air freight sector.
The Logistics of Logistics
JULY 20, 2022
Jon Payne and Joe Lynch discuss truckload pricing dynamics. Jon is the Director of Pricing Strategy & Analytics at Loadsmart , a freight technology company that is removing the barriers between shippers and carriers so freight can move in the most efficient, transparent and automated way.
Locus
JUNE 3, 2022
Source: Statista.com. Transportation was redirected to be used in providing first aid, leading to supply chain bottlenecks, shortages and price hikes. Planning : Processes are designed to reduce emissions and meet demand with ethical sourcing. Ethical sourcing of goods.
WorkWave
OCTOBER 18, 2022
No matter your position, you’ve probably asked, “How much does a lawn mower cost?”. Lawn mower prices vary significantly due to the wide variety available. The cost depends on factors such as the: Type (walk-behind, riding, reel, robot) Power source Brand Accessories.
Material Handling and Logistics
SEPTEMBER 4, 2018
Manufacturing Purchasing Managers’ Index slowed to 54.7 Exports remain the key source of weakness for producers, with foreign orders barely rising in August after two months of modest declines," said Chris Williamson, economist at IHS Markit. Inflation weakened to a six-month low, but prices remained elevated -- above their three-year average. Almost one-in-three went on to cite tariffs as the cause of having to hike prices to customers.”.
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 DHL Supply Chain Power Pricing Index (DHLPPI) measures on a score from 0-100.
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:
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