Procurement Insights

FEBRUARY 17, 2024

FIRST, SOME BACKGROUND INFORMATION In August 2007, I wrote an article titled “Procurement’s Expanding Role and the Executive of the Future.” They said that out of his organization’s 20,000 suppliers, only a few (i.e., As a result, there will be a continuing need for “low-level” buyers.

supply chain software solutions 61

supply chain software solutions Supply Contract management Supply chain 61

Procurement Insights

SEPTEMBER 15, 2023

“AI assesses supplier performance data, quality records, and market intelligence to revamp supplier selection and management. 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.

Buyers 63

Buyers supply chain software solutions Bidding Quality 63

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 54

Strategic sourcing Strategic sourcing Buyers Procurement 54

Procurement Insights

SEPTEMBER 28, 2023

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

Supply 58

Supply Networking Procurement Buyers 58

Procurement Tactics

JUNE 26, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Top 10 US Dropshipping Suppliers — Pricing & Reviews The US dropshipping market reached an estimated amount of $15.64 Top 10 US Dropshipping Suppliers Study Procurement Study Negotiations 1.

Price 195

Price Suppliers Negotiation Real-time Visibility 195

Supply Chain Game Changer

FEBRUARY 12, 2019

I launched my second business, a strategic sourcing and procurement consulting firm in 2007. As we introduced systems and tools, it created more data islands which inhibited leadership from having visibility and good quality data while putting a burden on teams who would spend too much time reconciling supplier information.

Leadership 50

Leadership Supply Chain Efficiency supply chain software solutions Supply chain 50

Spend Matters

FEBRUARY 12, 2024

In this Spend Matters Vendor Analysis, we provide an overview of Supply Risk Solutions and its solution for supplier (chain) risk management. Supplier risk management is crucial for a variety of reasons. Supply Risk Solutions (SRS) was founded in 2007 to address these issues for the semiconductor and healthcare industries.

Risk management 96

Risk management Risk Suppliers Management 96

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. W ith suppliers, but also within our own organisations.

Procurement 40

Procurement supply chain software solutions Price Buyers 40

Procurement Insights

OCTOBER 26, 2023

based customers who have contracted vendors, 33 percent of all purchases were from non-contract suppliers. Maverick spend was not the result of obstinate buyers refusing to use the “new system.” According to their research, of the 45 percent of “their membership’s U.S.-based

Change management 58

Change management Management Contract Buyers 58

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