Procurement Tactics

AUGUST 25, 2022

Sebastian Chua started his procurement journey with Hewlett Packard/Agilent Technologies as their country manager for Singapore, India, Thailand, and the Philippines before he took on the job as the regional procurement manager. . Furthermore, He was voted by Supply Chain Digital as one of the top 10 procurement executives worldwide.

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Let's Talk Supply Chain

JUNE 5, 2023

Today I’m joined by Logward , an exciting tech brand with a vision of a future where supply chain departments lead the transformation of their industries, instead of simply transporting it. 41.10] What does and doesn’t work when it comes to digitizing supply chains in the real world. You avoid that by listening properly.”

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Supply Chain Game Changer

AUGUST 5, 2021

Subscribe to Supply Chain Game Changer. What is Supplier Relationship Management (SRM)? The Supplier Management Secret Recipe article and permission to publish here provided by Sam Jenks. Kodiak Rating’s Family Secret Recipe for smooth Supplier Management. 4 tsp | Supplier Segmentation. Subscribe Here!

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Suppliers Management Supply Chain Efficiency Agile and Lean Supply Chain 98

Supply Chain Game Changer

OCTOBER 8, 2019

Subscribe to Supply Chain Game Changer. A truly efficient and effective Supply Chain must include a strategy, plans, business processes, and performance metrics that incorporate disintermediation and the elimination of waste! Why Disintermediate the Supply Chain? Now consider what a Supply Chain entails.

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Una

JUNE 8, 2023

What Makes a Supplier Strategic? Explore what makes a supplier strategic, learn why it matters, and how you can get noticed by supplier partners that are critical to your business. What makes a supplier strategic - and why does it matter? Will production or productivity grind to a halt if you suddenly lose that supplier?

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Suppliers Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 52

Una

MARCH 6, 2023

Procurement process automation can involve anything from automated supplier discovery, risk monitoring, payment processing, spend analytics , and contract approval. The exciting part is that automation frees up your team for big-picture projects, supplier relationship management, strategic planning, and continuous improvement.

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Innovation Purchasing Agile and Lean Supply Chain Supplier relationship management 98

World of Procurement blog

MAY 8, 2024

Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations.

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Pipefy

JANUARY 30, 2024

In the 2024 State of Procurement Data Report by Amazon Business, 95% of decision-makers surveyed acknowledge that there’s room for procurement optimization. Teams will need to rely on greater investments in the right tools and technology to make these optimizations, from no-code automation to AI and data analytics.

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Supply Chain Game Changer

NOVEMBER 10, 2018

Supply chain collaboration is a hot topic today and no wonder: companies that collaborate effectively across the supply chain have enjoyed dramatic reductions in inventories and costs, together with improvements in speed, service levels, and customer satisfaction. Supplier chain collaboration itself isn’t new.

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World of Procurement blog

JANUARY 27, 2021

When I graduated college with my shiny new Supply Chain Management degree, I figured I was heading into my first job to work on supplier contract negotiations, optimizing production line output, and all of the other 'sexy' supply chain management strategy we had spent two years learning about. I gulped. "Ok,

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Jaggaer

APRIL 14, 2020

“It’s good to hear that suppliers filing for bankruptcy is not one of the most common impacts you’re seeing right now.” She predicted that shoppers would see more restricted ranges on supermarket shelves “to allow more throughput from suppliers and manufacturers of food”. pic.twitter.com/T8B9C8bbi9.

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IBM Supply Chain Blog

APRIL 25, 2024

BPR examples are not one-time projects, but rather examples of a continuous journey of innovation and change focused on optimizing end-to-end processes and eliminating redundancies. The purpose of BPR is to streamline workflows , eliminate unnecessary steps and improve resource utilization.

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NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

The Future of Procurement Technology Supplier Relationship Management (SRM) Enhancement: Justification : Strengthening supplier relationships through SRM initiatives fosters collaboration, innovation, and mutual growth. This results in better negotiation outcomes, improved quality, reduced costs, and enhanced overall value delivery.

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The Good Spending

JANUARY 4, 2023

Buyers of direct materials will empathize with the availability and quality of an item rather than the price itself. Category strategy will elaborate on logistical and supply management aspects, i.e., inventory planning and supply chain configuration. My Udemy course “Adaptive Sourcing: Agile Procurement in Practice.”

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Pipefy

JANUARY 9, 2023

Supply chain risks heightened by geopolitical conflict. A recent survey of procurement and supply chain leaders found that 32% of procurement teams admitted to cutting corners with their sourcing criteria and suppliers to secure supply. Now both teams are faced with an agility and flexibility crisis.

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Procurement Software

MARCH 5, 2024

Their solution is made up of five modules: Payables Supplier management Analytics (spend, contract, and supplier intelligence) e-Sourcing Contract management Key Data: Founder / CEO: Vijay Caveripakkam Date Founded: 2019 Visit Raindrop profile in our Software Finder 4. Automated alerts help you track supplier performance and analysis.

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Pipefy

DECEMBER 20, 2023

The result is greater supply chain predictability, more accurate decision-making, and better business agility. Strategic procurement leverages data to reduce risks across the entire procure-to-pay process and identify opportunities for long-term and continuous forecasting and optimizations. What is strategic procurement?

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The Good Spending

JUNE 15, 2022

New Tasks The first-time buyer seeks a wide variety of information to explore alternative purchasing solutions to their organizational task. The new supplier selection will be based on POC or prototypes, where the technical evaluation will prevail over price. Therefore, negotiations will be the most suitable mode of supplier selection.

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Pipefy

JANUARY 11, 2023

Following recent unprecedented events and disruptions, one thing has become clear: procurement optimization is no longer just about cost-effectiveness or efficiency. . In 2022, the five biggest procurement issues experienced by B2B buyers were: Reliable delivery (43%). What is a procurement transformation roadmap?

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Spend Matters

JUNE 19, 2023

Why buy AP Automation/Invoice-to-Pay solutions The process of capturing and validating supplier invoices carries a high burden of manual work, which can introduce errors and cause delays. Supplier collaboration workspace The ability of a supplier collaboration workspace or portal to enable suppliers to engage within a buyer’s process (e.g.,

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Zycus Cognitive Procurement

SEPTEMBER 13, 2022

Are you looking to create greater value from your procurement-supplier synergies but strict sustainability & regulatory compliances, risk vulnerabilities along with political instability are bringing in new challenges for you? Changing Roles of Buyers. This was the first significant change in the buyers’ role.

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Jaggaer

OCTOBER 22, 2020

Optimizing cost, in the order of a 20-25% reduction on the current situation, is therefore a must in order to survive. Spend management and procurement will play a key role in enabling banks to achieve their efficiency targets while managing supply chain risks,” he added. You can view a full recording of the webinar here.

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Empowering CPO

MAY 5, 2023

It is responsible for managing the entire process of acquiring goods and services, from identifying suppliers to ensuring timely deliveries. In essence, procurement serves as the backbone of an organization’s supply chain, contributing to cost savings, risk management, and supplier relationship management.

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ivalua

AUGUST 5, 2020

Invoice to Pay is a request for payment by a supplier, and technology helps to make this simple, fast and more efficient for the Supplier and the Accounts Payable team. At each step of this Procurement process, data is gathered, suppliers are onboarded, and deliveries are accepted. Advanced Accounts Payable Journey.

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SCMDOJO

MAY 18, 2023

The following is a business case highlighting the background, context and value proposition of SCMDOJO’s Expert Marketplace, a platform designed to connect businesses with specialized Supply Chain Expert Services. It is within this context that SCMDOJO’s Expert Marketplace was conceived.

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Pipefy

JANUARY 31, 2023

Or can the items be purchased from various suppliers based on what’s more cost-efficient? sourcing a specific product or part from a specific supplier) and for indirect procurement to involve more flexibility (i.e. Purchase orders are requests for goods or services that the purchasing organization provides to the vendor or supplier.

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Pipefy

AUGUST 10, 2023

Choose the right automation solution with the Buyer’s Guide to Automation Platforms Get free guide What is robotic process automation (RPA)? Organizations use RPA to accelerate and optimize their processes , generally by structuring inputs to standardize operations. What is intelligent process automation (IPA)?

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Pipefy

DECEMBER 10, 2022

No matter the size of your company, how you structure your purchase process has a direct impact on your company’s ability to control costs, manage risks, and maintain process resilience as supply chains evolve. These include increased agility, specialized purchasing, and supplier diversity. Purchasing agility.

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EazyStock

JULY 2, 2021

Distributors need to have a clear command of their optimized order quantities for all components to ensure a smooth delivery to end customers. In the distribution chain, the distributor needs to be aware of the whole process in order to correctly stock items. BOM and Inventory Optimization.

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Finale Inventory

MARCH 28, 2024

From brand messaging that illustrates how companies are enacting earth-friendly practices in their business to certification bodies such as B Corp who are starting to scrutinize global supply chains as part of the credentialing process, companies are trying to level up to their consumers’ expectations as best they can.

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Pipefy

MAY 9, 2023

Build a more efficient and connected procure-to-pay process with The Definitive Guide to P2P Optimization Importance of procurement KPIs Procurement has evolved over the years from transactional functions (now associated with purchasing) to encompass strategic activities focused on maximizing and creating value for a business.

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Empowering CPO

JUNE 14, 2023

It’s a strategic function that involves understanding market trends, analyzing suppliers, negotiating contracts, and managing relationships, among other tasks. For one, they often focus too heavily on price at the expense of other factors, such as quality, sustainability, and supplier innovation.

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Pipefy

MAY 23, 2023

Savvy leaders are quickly adopting e-procurement solutions to lower the time, costs, silos, and strained supplier relationships that plague manual operations. Below we’ll cover digital procurement solutions, essential features, and their benefits for optimized digital procurement workflows. Risk reduction.

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IBM Supply Chain Blog

SEPTEMBER 13, 2023

Supply chains are under enormous stress. As supply chain leaders, we’ve seen unprecedented levels of disruption, challenges with our ecosystem trading partner networks, tariff wars, real wars and tremendous turnover in human capital. Senior supply chain leaders are retiring in record numbers.

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Supply Chain Game Changer

MARCH 6, 2019

Subscribe to Supply Chain Game Changer. Organizations are ‘going carbon neutral by 2025’, and ‘implementing Artificially Intelligent business systems’ and ‘sourcing form solely environmentally friendly suppliers’. The responsibility of sourcing responsibly is shared between stakeholder, supplier, buyer and society at large.

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Jaggaer

OCTOBER 8, 2019

They should also extend this digitalization to supply chain management (supplier portal, webEDI, etc.) This is not simply about cost savings here and there (the traditional C-suite view of what procurement does) but driving value and making your organization more agile in an uncertain and rapidly changing world.

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The Good Spending

NOVEMBER 5, 2021

Selecting suppliers by cost-only criteria (even as sophisticated as the TCO) contradicts procurement ambition to become the contributors of a value. Lowest bid Supplier selection by the lowest bid is still the dominant approach in many companies, especially public ones. My Udemy course "Adaptive Sourcing: Agile Procurement in Practice."

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