World of Procurement blog
MAY 8, 2024
Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. Buy fair trade, organic, and locally sourced goods whenever possible. Conduct supply chain audits and due diligence on high-risk categories. Organizations want to source responsibly and align with ESG initiatives.
Una
OCTOBER 9, 2023
How to Implement a Strategic Sourcing Process A play-by-play manual showing how to implement a strategic sourcing process that aligns with your organization’s goals, optimizes spend, and creates long-term value. At its core, strategic sourcing formalizes the process of finding, assessing, and choosing suppliers.
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Una
NOVEMBER 14, 2022
This left procurement organizations and departments scrambling to find more strategic alternatives to not only survive but carve out their place in an evolving global market. Then, in the 1960s, the practice of competitive bidding became commonplace giving rise to trained procurement professionals. What’s changed? Is that all?
Empowering CPO
JUNE 14, 2023
At its core, procurement is the process of finding, agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. The value of using technology to track sales and inventory in real time for better supply chain management.
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.
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.
Planergy
JULY 21, 2023
How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Quality assurance can also be challenging since conversations between procurement and suppliers are more direct and personal when sourcing services. How to gain visibility and control of your indirect spend.
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