Procurement Insights

AUGUST 10, 2022

During the session, we will discuss the evolution of buyer-supplier relationships over the past five decades and where they are heading for all stakeholders in the post-pandemic world. those of $1 billion and above), the HICX survey will provide an unprecedented look into buyer-supplier relationships.

Suppliers 54

Suppliers Buyers Collaboration Innovation 54

Procurement Insights

OCTOBER 24, 2022

In short, by focusing on savings, the wrong practices and buyer behaviors were rewarded, e.g., beating down suppliers, vendor rationalization etc. What is worth noting is that back in 2007, the executive participants in a CPO Agenda Roundtable said that one strategic sourcing professional is worth ten run-of-the-mill buyers.

Strategic sourcing 56

Strategic sourcing Strategic sourcing Buyers Procurement 56

Procurement Insights

SEPTEMBER 15, 2023

The concept was simple, although advanced for the time, whereby a buyer would plug in the required MRO part number and the corresponding zip code with delivery requirement into the system. Delivery performance and product quality also improved dramatically. Photo by Alexey Makhinko on Pexels.com A Personal Invite to a great webinar.

Buyers 64

Buyers supply chain software solutions Bidding Quality 64

Procurement Insights

APRIL 18, 2023

Still, it will not address the continuing need to build a “relationship” and “legitimate preference” between buyer and seller. As a side note, I have been tracking RFP responses in the public sector since 2007, and no matter how advanced the tech, the trend has remained the same.

Suppliers 42

Suppliers Bidding Buyers Supply 42

Procurement Insights

NOVEMBER 23, 2023

The Inspiration For This Post I recently read a post on LinkedIn talking about “the power of trust” between buyer and supplier. Yes, trust between stakeholders is critically important, and yes, technology can fuel communication and collaboration between buyer and supplier to achieve a collective positive outcome.

Suppliers 62

Suppliers Buyers Risk management Supply Chain Optimization 62

Procurement Insights

SEPTEMBER 28, 2023

Great article , Elvire Regnier ! Governance is THE key to cluster development and the globalized supply base.

Supply 59

Supply Networking Procurement Buyers 59

Procurement Insights

SEPTEMBER 17, 2022

To start, most procurement professionals – or buyers as we were called back then, indicated they fell into the position rather than choosing it – someone had to do it was a common refrain. As frustrating as that was, the biggest cause of angst was how senior management viewed our role and contribution.

Purchasing 40

Purchasing Buyers Procurement Management 40

Supply Chain Collaborator

MARCH 17, 2015

The short version is that 2014 came darn close (with 86 trucking and logistics companies acquired) to beating the record of 90 acquisitions set in 2007. Front page news from Transport Topics “Trucking, Logistics Acquisitions Expected to Continue in 2015”.

Logistics 68

Logistics Buyers Supply Chain Efficiency Influencing 68

Procurement Insights

JUNE 24, 2022

That’s an average of 1.266 posts per year since I launched this blog in May 2007. ” The subject of spreadsheets didn’t come up again until January 22nd, 2014 , when Buyers Meeting Point’s Kelly Barner did a Dragon’s Den review of the GroupRFx solution. Jemin Patel Director at ProcurePort.

Procurement 52

Procurement supply chain budgeting Buyers supply chain software solutions 52

Supply Chain Game Changer

FEBRUARY 12, 2019

I launched my second business, a strategic sourcing and procurement consulting firm in 2007. I knew that if we were successful, we could accelerate and simplify connections and partnerships between enterprise buyers and suppliers at a global level. We connect buyers and suppliers for faster, better and more trusted business.

Leadership 50

Leadership Supply Chain Efficiency supply chain software solutions Supply chain 50

The Procuretech Podcast

SEPTEMBER 22, 2022

This was around 2007. For example, with the Department of Defence, they had 21 buyers, 21 people managing contract infrastructure, and it was a large contract. Through the automation process,within 18 months, they went from 21 buyers down to three. This was around 2007. his first thought was “what's a blog?”.

Procurement 40

Procurement supply chain software solutions Price Buyers 40

Spend Matters

FEBRUARY 12, 2024

Supply Risk Solutions (SRS) was founded in 2007 to address these issues for the semiconductor and healthcare industries. Imagine relying on a single supplier for a critical component — if they face a problem, it could jeopardize your entire production process. It tracks geopolitical risk, natural disaster risk and financial risk.

Risk management 97

Risk management Risk Suppliers Management 97

Procurement Insights

OCTOBER 20, 2023

Back in 2007, when Microsoft made yet another failed attempt to acquire SAP, I had talked about the ubiquity of the former’s Office suite of applications as perhaps being a point of familiarity that would – at least in part – pave the way to user acceptance of the latter’s platform. Hmmmmm, let me think about that one for a minute.

Real-time Visibility 66

Real-time Visibility Buyers Eprocurement Procurement 66

Procurement Insights

OCTOBER 26, 2023

Maverick spend was not the result of obstinate buyers refusing to use the “new system.” The problem was that the expected “sustainable” savings to justify the investment never materialized because buyers knew they could usually get a better deal from a trusted, non-contracted supplier.

Change management 59

Change management Management Contract Buyers 59

Procurement Insights

AUGUST 30, 2023

As you read this post originally published in May 2007 about “enabling technology and the emergence of the metaprise,” can the three-stage implementation framework be as successful today as it was back then? Kearney Report that was originally released in May 2007.

Real-time Visibility 52

Real-time Visibility Procurement supply chain software solutions Buyers 52

Procurement Tactics

JUNE 26, 2023

Since its founding in 2007, the company saw 20%-25% growth in its yearly sales. These are the top buyers picks: 12×10 mm Carvings Cushion Pink Rubellite Tourmaline in AAA Grade Market price at $280.00 ’ – Christen Ferrer Study Procurement Study Negotiations 4. R@R Wholesale Inc. 100% Silicone Sealant – 10.1

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Price Suppliers Negotiation Real-time Visibility 195