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What To Do If Your Company Is Asked To Participate In A Reverse Auction

Holden Advisors

We had just-in-time inventory hubs at their manufacturing facilities where we stored a two-week supply of our product. No other vendor could support their manufacturing to this degree. We had field application engineers at their manufacturing facilities to ensure that their manufacturing lines ran smoothly.

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The Kraljic Matrix

Flevy

The procurement function in most organizations deserves more attention than it gets. Most executives associated with procurement lack the competencies and perspectives required to identify gaps and effectively manage the function. Collaborate with suppliers, or rivals, to manufacture critical components cost-effectively.

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Understand the Value You Offer to Your Customer

Holden Advisors

Let’s say you offer expedited delivery from raw materials to your manufacturing customers. Let’s say procurement says, “to win this deal, you need to give me a 20% discount." Step 2: Connect the dots. Start with your differentiators. Link your products and services to the business need they address.

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The Four Buying Influences to Identify in Manufacturing Sales

Miller Heiman Group

In the past, manufacturing sellers could succeed by working with one or two decision-makers, developing friendships with handshake deals were agreed upon at the ballgame, on the golf course or during extravagant dinners. Yet many manufacturers struggle to coach their sellers on how to identify these buying influences.

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Problem Solved: Boost Resilience with Supplier Diversity

Speaker: Rod Robinson - SVP of the Supplier Diversity Practice, Insight Sourcing Group

Supplier diversity programs are impactful and effective tools in your business strategy because they guarantee a diverse supplier base and ensure inclusivity within your ultimate procurement plan.

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Value Chain – What is it?

Arpedio

It includes activities such as procurement, transportation, and inventory management. This may involve manufacturing, assembly, processing, or other production activities. These may include functions such as human resources management, technology development, procurement, and infrastructure.

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Five Strategies to Ensure Manufacturing Sales Funnel Success

Miller Heiman Group

Manufacturing sales leaders need insight into your organization’s sales funnel in order to accurately manage the pipeline. Effective funnel management ensures that manufacturing seller’s prospects continue moving through the funnel and are managed at every stage. Understand Your Buyers’ Business Drivers.

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The 2023 Supply Chain Crystal Ball: Challenges and Solutions

Speaker: Olivia Montgomery, Associate Principal Supply Chain Analyst

The supply chain management techniques that dominated the last 30 years are no longer supporting consumer behavior or logistics and manufacturing capabilities. Procurement strategies in response to network delays and bottlenecks. Curious to know how your peers are navigating ongoing disruption? So what’s working now?