Procurement Tactics

OCTOBER 13, 2022

33 Procurement Interview Questions in 2022. However, not many people know their real role in procurement. . However, not many people know their real role in procurement. . In this article, we will discuss what a strategic sourcing manager is. What is a Strategic Sourcing Manager? First Name.

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

Procurement Tactics

SEPTEMBER 8, 2022

33 Procurement Interview Questions in 2022. Operational Procurement — Everything You Should Know. Operational procurement sustains every business to do its daily operation. Do not worry if you do not know operational procurement as this article will help you understand it. First Name.

Procurement 226

Procurement Purchase orders Purchasing Strategic sourcing 226

Procurement Tactics

NOVEMBER 28, 2022

33 Procurement Interview Questions in 2022. Cost Effectiveness Vs Cost Efficiency — Everything A Procurement You Should Know. Cost-effectiveness and cost-efficiency are often used interchangeably by many people. In this article, we will discuss what cost-effectiveness and cost-efficiency are.

Supply Chain Efficiency 130

Supply Chain Efficiency supply chain budgeting Inventory Budget 130

Procurement Templates

MARCH 3, 2024

She’s added in category analysis twice and then she added a RFQ before a PQQ which means the flow isn’t quite right. A RFQ is used for low cost purchases and a PQQ is typically used for higher cost tenders. Analysis of Current Situation : Understanding the current state of affairs within the organization is crucial.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Procurement Tactics

JUNE 28, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Commodity Trading — Everything You Should Know Commodity trading plays a vital role in the way of how our lives work and how the economy functions. What are Commodities? What is Commodity Trading?

Raw materials 178

Raw materials Supply Chain Efficiency Price Market analysis 178

Procurement Tactics

JULY 23, 2023

51 ChatGPT Prompts to 10X Your Productivity in Procurement Download ChatGPT PDF Procurement Courses  Or receive our famous weekly newsletter Last Mile Logistics — What You Should Know Last mile logistics is often associated with e-commerce due to its rising popularity in the modern market.

Logistics 209

Logistics Supply Chain Efficiency Supply Chain Optimization Real-time Visibility 209

Procurement Tactics

MAY 31, 2023

51 ChatGPT Prompts to 10X Your Productivity in Procurement Success! First Name Email Download 51 Prompts →  Or receive our famous weekly newsletter Inventory Control — What You Should Know Inventory control allows businesses to ensure that the right amount of supply is available to meet the customers’ demands.

Inventory control 174

Inventory control Inventory Real-time Visibility supply chain budgeting 174

Procurement Tactics

MARCH 29, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Pillars of Sustainability — Everything About Sustainability The pillars of sustainability should be embedded into an organization’s strategy to achieve sustainability. However, what are these pillars?

Sustainability 130

Sustainability Supply Chain Efficiency Ethics Cost of ownership 130

Procurement Tactics

JULY 23, 2023

51 ChatGPT Prompts to 10X Your Productivity in Procurement Download ChatGPT PDF Procurement Courses  Or receive our famous weekly newsletter The 5S of Kaizen — The Ultimate Guide The 5S of Kaizen comes under the umbrella of lean management aimed to eliminate waste within manufacturing operations. What is Kaizen?

Agile and Lean Supply Chain 196

Agile and Lean Supply Chain Supply Chain Efficiency Procurement team Quality 196

Procurement Tactics

JULY 2, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. Job orders also set out clearly the path for procurement professionals to enable them to execute the procurement process efficiently.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

Procurement Tactics

JUNE 8, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Warehouse Automation — Transforming Warehousing Warehouse automation helps businesses to increase productivity and accuracy in their warehouses. However, what is it? Warehouse Automation: What is it?

supply chain software solutions 178

supply chain software solutions Warehouse operations Order Fulfillment Inventory 178

Procurement Tactics

JUNE 6, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Inventory Forecasting — Everything You Should Know Inventory forecasting allows you to predict when supply chains and consumer demand are going to change. However, what is it?

Inventory 170

Inventory Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 170

Procurement Tactics

OCTOBER 16, 2022

33 Procurement Interview Questions in 2022. However, what is this software? . In this article, we will discuss all things that you should know about ERP software in construction. In this article, we will discuss all things that you should know about ERP software in construction. First Name. CAD interface.

Real-time Visibility 130

Real-time Visibility Budget Inventory control Data 130

Procurement Tactics

JULY 19, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. ChatGPT & AI Use ChatGPT to automate procurement processes 5. However, what is it? Warehouse Management: What is it?

Supply Chain Optimization 170

Supply Chain Optimization Supply Chain Efficiency supply chain software solutions Supply chain 170

Procurement Tactics

DECEMBER 6, 2022

33 Procurement Interview Questions in 2022. In this article, we will discuss what spend management is. After reading this article, you will gain a deeper understanding of what spend management is. What is Spend Management? To simplify, it is used to monitor and assess business costs. .

Spend management 172

Spend management Management Real-time Visibility Budget 172

Procurement Tactics

JULY 18, 2022

33 Procurement Interview Questions in 2022. Procurement Definition — Everything You Should Know. We know that you have come here in hopes of finding the official definition of procurement. Do not worry because we are here for you to tell the official procurement definition. Procurement Definition.

Procurement 130

Procurement Negotiation Vendor relationships Purchasing 130

Procurement Templates

JUNE 18, 2023

I asked Chat GPT about Procurement Leadership and I have to say the response is good! Who are the procurement leaders? ChatGPT As an AI language model with a knowledge cutoff in September 2021, I can provide you with information about prominent procurement leaders up until that time. As the CEO of Apple Inc.,

Leadership 147

Leadership Procurement Agile and Lean Supply Chain Supply Chain Efficiency 147

Una

APRIL 9, 2024

The opportunity to refinance was a no-brainer; we could do it relatively quickly and it didn’t cost us anything out of pocket. Bettering your bottom line As a procurement leader , I’m sure you’re often (always?) looking for innovative ways to reduce costs for your business. But what could you do with an extra 12.5%

Purchasing 52

Purchasing supply chain budgeting Real-time Visibility Supply Chain Optimization 52

Una

NOVEMBER 1, 2022

For decades, procurement professionals saw as much daylight as the basement-dwelling character Milton Waddams in Office Space. Procurement professionals are abandoning traditional sourcing practices in favor of more responsive strategies to supply chain management in pursuit of more significant cost savings and organizational efficiencies.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

Planergy

SEPTEMBER 5, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Using financial tools can help save time and resources while improving accuracy in the budgeting process. Budgeting should be part of regular financial planning. Why is Business Budgeting Important?

supply chain budgeting 92

supply chain budgeting Budget Real-time Visibility Spend management 92

Una

MAY 2, 2023

When Should My Small Business Create a Procurement Function? Tips for small business owners on how to implement a procurement function as your organization scales – and before it’s too late. Because in our experience, small business owners inevitably reach for the procurement lever waaaaay too late.

supply chain software solutions 78

supply chain software solutions Procurement Risk Sourcing 78

Planergy

MARCH 2, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Tail spend analysis helps companies identify areas of spend that are falling through the cracks, allowing them to make more informed decisions and achieve greater savings.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Real-time Visibility supply chain software solutions 52

Una

JANUARY 9, 2023

Tail spend refers to an organization’s high-volume, low-value transactions that are typically unmanaged by the procurement team. Some procurement departments use the 80/20 Pareto principle to focus on the large (80 percent) clients and contracts where supposedly greater savings can be realized, choosing to ignore the smaller 20 percent.

Management 97

Management Spend management Purchasing Procurement team 97

Una

JULY 6, 2022

The real value, however, and where you’ll truly benefit from working with a group purchasing organization like Una, lies beyond the initial cost savings. As a true sourcing accelerator , our goal is to become an extension of your procurement team. Cost Savings. GPO Cost Savings Calculator Tool.

Purchasing 92

Purchasing Category management Real-time Visibility Supply Chain Efficiency 92

Una

NOVEMBER 9, 2022

Understanding 10 Stages of the Procurement Cycle. The procurement cycle outlines the key steps procurement professionals should be taking each time they source and procure new goods and services. The procurement cycle. Complete a market analysis. How to Improve Procurement Efficiency.

Procurement 98

Procurement supply chain budgeting Purchase orders Market analysis 98

SCMDOJO

SEPTEMBER 8, 2023

This article takes an in-depth look at the crucial metrics every supply chain professional needs to know. The supply chain should be a smooth-flowing entity, with enough leeway to ride out unforeseen circumstances, but not enough to tie up capital in excessive inventory or resources.

Supply Chain Efficiency 82

Supply Chain Efficiency Supply Chain Optimization supply chain software solutions Agile and Lean Supply Chain 82

Planergy

JANUARY 19, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. How Pareto Analysis Works? The Benefits of Conducting a Pareto Analysis How to Conduct Your Own Analysis? How to gain visibility and control of your indirect spend.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

SCMDOJO

OCTOBER 27, 2023

Supplier negotiation is the most critical skill in the world of procurement. It requires an in-depth knowledge of procurement processes to be able to bring the supplier on a mutual agreement. It requires an in-depth knowledge of procurement processes to be able to bring the supplier on a mutual agreement.

Supplier negotiation 89

Supplier negotiation Negotiation Suppliers Supply Chain Efficiency 89

Empowering CPO

JUNE 23, 2023

This is where the concept of spend analysis comes in. Spend analysis is a systematic process that involves the collection, cleansing, classification, and analysis of expenditure data with the goal of decreasing procurement costs, improving efficiency, and monitoring compliance.

Data 52

Data Procurement Purchase orders Suppliers 52

Arkestro

JANUARY 23, 2024

Resources / Blog / What does a Procurement Manager do? Job Description, Skills, and Qualifications What does a Procurement Manager do? Job Description, Skills, and Qualifications As firms continue to leverage technology to carry out sourcing and procurement tasks, market demand for procurement is growing.

supply chain budgeting 52

supply chain budgeting Management Supply Chain Optimization Procurement 52

Una

SEPTEMBER 11, 2023

How to Convince Your Boss You Should Work With a GPO How to overcome common stakeholder concerns and convince your boss you should work with a GPO to drive more cost savings and value. Procurement professionals can use these rebuttals to convince their bosses that utilizing GPO services may be the right move for the business.

Real-time Visibility 52

Real-time Visibility Purchasing Suppliers Supplier relationship management 52

Una

AUGUST 9, 2023

How to Accelerate Savings in Procurement Without Cutting Corners Strategies showing how to accelerate savings in procurement without compromising product quality, integrity, or effectiveness. Speeding up the procurement process is one way to achieve these goals. Your objective? To reach your destination faster than ever before.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

Una

FEBRUARY 20, 2023

Elements of a Diversified Procurement Strategy A diversified procurement strategy will utilize both traditional and nontraditional methods of sourcing to drive cost savings and value. This includes implementing aspects of a traditional procurement strategy and adding in some unconventional means to get desirable results.

Procurement strategies 98

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 98

Positive Purchasing

NOVEMBER 9, 2023

A Wider Horizon You will be familiar with the idea of optimizing what you buy. You may already be challenging what the business is specifying and have questioned the ‘needs’ versus ‘wants’ within each buying decision. Sustainable procurement needs to become a driving philosophy that runs through the entire organization.

Sustainability 111

Sustainability supply chain budgeting Category management Influencing 111

SCMDOJO

APRIL 4, 2023

In this article, we’ll delve into the benefits and challenges of this powerful tool, and discuss the architecture that’s necessary to successfully integrate it into your business. Key Takeaways What is Supply Chain Analytics? What is the Difference Between Supply Chain Analytics and Supply Chain Management?

Supply Chain Analytics 111

Supply Chain Analytics Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 111

Una

AUGUST 16, 2022

How to Procure Cloud Services for Business Use. Here are eight advantages to using a business cloud service: Low cost. A company’s overhead costs can be significantly reduced by not purchasing physical servers and employing IT professionals to maintain them. By Eric Edwards | August 16, 2022. Upgrading applications.

Procurement 97

Procurement Purchasing Data Networking 97

Procurement Software

JANUARY 23, 2024

From the capital and beyond, German procurement startups are chipping away at a conservative business culture, making leaps and bounds towards modernising our profession. In this article, we’ve tried to focus on startups primarily serving customers in the DACH region (Germany, Austria and Switzerland).

Procurement 52

Procurement supply chain software solutions Supply Chain Efficiency Real-time Visibility 52