{"id":2312,"date":"2007-07-23T16:36:00","date_gmt":"2007-07-23T16:36:00","guid":{"rendered":"https:\/\/www.certitrek.com\/nlpa\/2007\/07\/23\/supply-chain-optimization\/"},"modified":"2021-07-29T10:10:38","modified_gmt":"2021-07-29T14:10:38","slug":"supply-chain-optimization","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nlpa\/blog\/supply-chain-optimization\/","title":{"rendered":"Supply Chain Optimization"},"content":{"rendered":"<p>I hope that you have enjoyed the article \u201cSupply Chain Optimization Simplified.\u201d<\/p>\n<p>Don\u2019t miss updates on Procurement &amp; Supply Chain, Subscribe here!<\/p>\n<p>I am sure many of you are wondering, \u201cWill I ever need supply chain optimization technology?\u201d<\/p>\n<p>Well, here\u2019s a little test. Imagine that you are requesting bids for nuts and bolts in a situation with these characteristics:<\/p>\n<ul>\n<li>There are three bidders \u2013 Alice, Bob, and Carol<\/li>\n<li>You need 20,000 nuts and bolts at your Atlanta warehouse, 15,000 units at your Boston warehouse, and 25,000 units at your Chicago warehouse<\/li>\n<li>Alice cannot supply Atlanta, Bob cannot supply Boston, and Carol cannot supply Chicago.<\/li>\n<li>Alice is going to bid $1.10 for a nut and bolt pair but give you a 10 cent discount if you buy 20,000 units<\/li>\n<li>Bob is going to bid $1.05 for a nut and bolt pair, but give you a 3 cent discount if you buy 10,000 units or a 6 cent discount if you buy 20,000 units<\/li>\n<li>Carol is going to bid $1.11 for a pairing, but a 9 cent discount if you but at least 25,000 units.<\/li>\n<li>You\u2019re implementing a dual sourcing strategy to mitigate supply risk down the road, and you\u2019re going to insure that any selected supplier is going to get at least 25% of the business.<\/li>\n<\/ul>\n<p>So which suppliers would you choose, assuming that delivery, service, and quality were otherwise equal and price was the only variable?<\/p>\n<p>I suggest working out your answer and then listen to the associated podcast and\/or download a transcript to compare your answer with the answer that Michael Lamoureux of the Sourcing Innovation Blog came up with. After you realize that the answer isn\u2019t all that easy to get to and realize the fact that real-life supply chain situations can be much, much more complicated, you may be more open to adopting supply chain optimization technology.<\/p>\n<p>By the way, courtesy of Michael, the transcription for this particular podcast is FREE. They usually cost $20, so I\u2019d definitely download a transcript if I were you!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I hope that you have enjoyed the article \u201cSupply Chain [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":4012,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2312","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-procurement"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v19.13) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Supply Chain Optimization - Next Level Purchasing Association (NLPA)<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.certitrek.com\/nlpa\/blog\/supply-chain-optimization\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Supply Chain Optimization\" \/>\n<meta property=\"og:description\" content=\"I hope that you have enjoyed the article \u201cSupply Chain [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.certitrek.com\/nlpa\/blog\/supply-chain-optimization\/\" \/>\n<meta property=\"og:site_name\" content=\"Next Level Purchasing Association (NLPA)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NextLevelPurchasing\/\" \/>\n<meta property=\"article:published_time\" content=\"2007-07-23T16:36:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-29T14:10:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.certitrek.com\/nlpa\/wp-content\/uploads\/sites\/5\/2020\/11\/nlpa-images-022.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1137\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Galo Matagay\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:site\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Galo Matagay\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/supply-chain-optimization\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/supply-chain-optimization\/\"},\"author\":{\"name\":\"Galo Matagay\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/#\/schema\/person\/72d094fab77892483dfa6e061cb27eaa\"},\"headline\":\"Supply Chain Optimization\",\"datePublished\":\"2007-07-23T16:36:00+00:00\",\"dateModified\":\"2021-07-29T14:10:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/supply-chain-optimization\/\"},\"wordCount\":331,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/#organization\"},\"articleSection\":[\"Procurement\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.certitrek.com\/nlpa\/blog\/supply-chain-optimization\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/supply-chain-optimization\/\",\"url\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/supply-chain-optimization\/\",\"name\":\"Supply Chain Optimization - 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