Remove Blog Remove Examples Remove Negotiate Pricing
article thumbnail

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.

article thumbnail

7 Cost Saving Tips Every Supply Chain Manager Should Know

3PL Links

Example: Retail giant Zara uses real-time data from its stores to adjust inventory dynamically. Example: Amazon’s fulfillment centers are famous for using robotics to streamline order processing and packing. By developing a network of suppliers, you can secure a more reliable supply and maintain competitive pricing.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

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

SYSPRO Smarter ERP

They have a contract with a supplier who delivers on time, and who charges acceptable prices. A single supplier focus means that there is a high risk if the supplier closes its doors. The procurement process doesn’t start with raising a purchase order and sending it to a supplier. The procurement process.

article thumbnail

How to create a reliable supply chain with effective forecasting and inventory management

SYSPRO Smarter ERP

Reliance on too few primary suppliers for critical components and materials has compounded the problem even further with unexpected ripple effects on downstream manufacturing as evidenced by the still ongoing global computer chip shortages. Manufacturers know that good supplier relationships are critical. Managing Inventory.

article thumbnail

Inventory Replenishment Strategies that Increase Profits

EazyStock

Managing variable supplier lead times. For example, you may want to carry more items that consistently sell well and are cheap to stock, versus those that are expensive with intermittent demand. As time passes, this can become obsolete and may need to be sold at heavily discounted prices or even written off as a bad investment.

article thumbnail

Container Atlas Supports Ocean Shippers in Troubled Waters

FreightWaves SONAR

surged from April to June, suggesting that carriers have more leverage in upcoming rate negotiations than previously believed. Taken together, the data suggests that carriers do not have as much power in pricing negotiations as the rising spot rates indicate. China) or a somewhat higher-cost country (e.g.,