World of Procurement blog

APRIL 23, 2024

In this blog, we're diving deep into the realm of procurement strategy—discussing its importance, how to craft an effective plan, communicate it within your firm, measure its success, and understand different procurement methodologies, including agile procurement. This can range from competitive bidding to direct negotiations.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Claritum

SEPTEMBER 27, 2018

The NfP also has a greater focus on adding social value to a supply chain. Particularly in the case of critical supply chains where there can be a very limited group of suppliers. Flexibility and agility over where money can be spent Budgeting for success. Competitive tenders in all cases. 7 Skills.

Supply Chain Efficiency 36

Supply Chain Efficiency supply chain budgeting Procurement Ethics 36

Empowering CPO

MAY 4, 2023

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. Advantages of digital procurement systems The digital transformation of procurement processes offers numerous advantages to businesses.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Planergy

JULY 21, 2023

Technology solutions are incredibly helpful in dealing with goods, but they must have an agile stance to maximize value creation as they are applied to service category sourcing. Maintaining strong relationships with vendors can be tough due to changing market conditions, increased competition, and different expectations from both sides.

Management 52

Management Procurement supply chain budgeting Budget 52

Procurement Software

MARCH 7, 2023

It enables: Building stronger relationships with your key suppliers Competitive bidding, which optimises cost Evaluating non-price factors important to your organisational objectives e.g. quality, lead time, sustainability Performing the appropriate pre-qualification of suppliers. Improvements to end-to-end supply chain efficiency.

Sourcing 64

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 64

Procurement Software

DECEMBER 5, 2022

Competitive bidding, which optimises cost. Improvements to end-to-end supply chain efficiency. End-to-end supply chain visibility ensures more synergy in cooperation. You can implement the most user-friendly and agile systems in weeks, rather than months or years. Simplicity is key here.

Sourcing 52

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 52

Supply Chain Game Changer

NOVEMBER 14, 2018

Supplier relationship management is a process for developing and managing collaborative relationships with suppliers at all levels to achieve the required business objectives and overall supply chain strategy. The third area of importance is the speed and agility of the supplier. Cost is next on the list.

Supplier relationship management 44

Supplier relationship management Suppliers Management Agile and Lean Supply Chain 44