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Developing Agile Procurement Strategies: Thriving Amid Global Trade Disruptions

Logistics Viewpoints

As a supply chain executive, picture beginning your day with a cup of coffee when a news alert notifies you of newly imposed tariffs affecting your primary suppliers in China. Tariffs on steel from Chinaup 25%and retaliatory moves from Canada and Mexico may turn supplier relationships upside down.

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Procurement & Suppliers: Paying Attention to Terms & Conditions to Keep Supplier Relations Postitive

GlobalTranz

Editor's Note: Today's blog is by our great friend, Chuck Intrieri where he gives us a fantastic example of how Procurement and Suppliers can enhance Supplier Relations by navigating the "Battle of the Forms.". Naturally, a supplier relations conflict exists. Contract Negotiation Enhancing Supplier Relations.

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Electric Forklift Rental Guide: Pros, Cons & Pricing

Conger

In this article you will understand the nuances of electric forklift rentals and become familiar with typical use cases and pricing structures to make informed decisions about electric forklift rentals for your business. In case you are just here for the pricing? Let’s dive in!

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Procurement vs. Purchasing: What’s the Difference?

Logistics Bureau

You consider, for example, the number of seats you want in the vehicle and whether you want a 4-wheel drive, a sedan, or an SUV. Once you have done that, you move into getting prices on the vehicles. Purchasing: Once you know what you want, you go out and find what you want for the right price. But it’s not only the price.

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How to Get Your Indirect Spend Under Control

Material Handling and Logistics

Many facilities try to trim their indirect spend by negotiating lower prices on a few of their most expensive items. This article will look at three major issues that come up time and time again. But I often see companies that have more cutting tools, for example, than they need. Too Little. Too Costly.

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How manufacturers and distributors can re-imagine procurement in the supply chain

SYSPRO Smarter ERP

As a recent article notes: “for procurement to lead the way, companies will want to reimagine not just what the function does but also how it operates and which new capabilities it will need” (McKinsey – Reimagining procurement for the next normal). This meets all their key performance areas. The procurement process.

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9 Barriers to Optimal Inventory and How to Break them Down

Logistics Bureau

Those are the precise questions we’ve set out to answer in this article. For example, you can optimise for cost, profit, or service, but not for all of them. In that case, please read on, as the rest of this article is dedicated to explaining the nine fundamental factors typically contributing to suboptimal inventory levels.