12 Strategies to Maximize Utility and Cost in Procurement
Continue exploring the twelve effective strategies that can help you get more out of your spending. This time, focus on the two factors that influence value: utility and cost.
Play to win: with our new 3D virtual game the highest scoring supply chain hero is in with a chance to win a bike. Play game
Continue exploring the twelve effective strategies that can help you get more out of your spending. This time, focus on the two factors that influence value: utility and cost.
Deep dive into the twelve effective strategies that can help you get more out of your spending.
Learn everything you need to know about Incoterms 2010 by exploring the different definitions in Incoterms 2010, and when and how to apply them to shipping and transfer of risk and title.
Explore the supplier and buyer positioning steps of the portfolio analysis. Learn to apply the Kraljic matrix and use it to strategically position purchased goods and services.
Gain a comprehensive knowledge of the key elements of sourcing processes. Learn about the steps involved in sourcing, and how it relates to operational procurement.
Learn how to calculate accurate costs using the activity-based costing method. This method allocates costs such as cost pools, drivers, and overheads when considering the selling price of an item.
Explore the basics of 3D printing and how it works compared to subtractive manufacturing. Discover its advantages and uses in modern supply chains.
Go beyond the single-factor exponential smoothing method to account for trends, seasonality and cyclicality further into the future. Explore advanced methods such as Holt's 2-factor method, and the Holt-Winters method in a simple, clear way, including how to use damped trends to ensure your forecasts stay accurate for longer. Full mathematical calculations and complete example calculations are provided in downloads within the topic, providing you with everything you need to apply these methods.
Explore the techniques and strategies used in preparing data for analysis, including sampling, segmenting and filtering data, and learn how to keep your data secure. In addition, learn about when and why each technique should be used when working with Big Data to produce actionable insights.
Gain an understanding of Artificial Intelligence (AI) in procurement, including key principles such as how AI works, machine learning, natural language processing and applications of AI. Additionally, explore how to apply AI tools in procurement strategies, harnessing the power of AI in supply chain management and unlocking efficiency with artificial intelligence solutions for purchasing.
Discover the basics of contract negotiation and how to make sure that your deal is fair for both parties involved.
Gain an understanding of blockchain technology and how it can be used to prevent counterfeiting. Explore why this is the most secure form of supply chain management available and learn about the different components of blockchain, such as encryption and hash functions, that make it so secure.