Procurement Tactics

MARCH 16, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Strategic Procurement — Everything You Should Know Strategic procurement allows businesses to meet the demand of the current procurement landscape by making sense of the data and automating the procurement process.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

SCMDOJO

AUGUST 21, 2023

Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supply chain!” In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. Discover the Top 10 TikTokers reshaping how you view supply chains.

Supply Chain Optimization 97

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 97

Supply Chain Game Changer

APRIL 16, 2020

Subscribe to Supply Chain Game Changer. Supply Chain Should Lead the Boardroom … the Coronavirus Proves it! Now, with the arrival of community transmission of COVID-19 in the west, countries and companies are facing economic challenges on a wholly different scale from overseas Supply Chain disruptions.

Agile and Lean Supply Chain 92

Agile and Lean Supply Chain Supply chain Import Supply chain management 92

Empowering CPO

FEBRUARY 23, 2024

Introduction In the dynamic world of procurement, artificial intelligence (AI) is rapidly reshaping the sourcing landscape. As businesses seek agility, cost optimization, and data-driven decision-making, AI-powered solutions are becoming indispensable for procurement professionals.

Procurement 52

Procurement Ethics Agile and Lean Supply Chain Supply Chain Optimization 52

ivalua

JANUARY 31, 2022

Enterprises will continue to undergo the financial burden of revenue disruptions, consumer , and uncontrolled supply chain variables. . Disruptions in global supply chains, labor market shortages, strong consumer demand. The Criticality of the Supply Chain (and Suppliers). What can we expect in 2022?

Procurement 130

Procurement supply chain budgeting Agile and Lean Supply Chain supply chain software solutions 130

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

Initiatives that prioritize environmentally friendly practices, fair labor, and responsible sourcing improve brand reputation and mitigate potential legal and reputational risks. Procurement teams equipped with risk management tools can ensure business continuity and minimize potential negative impacts.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

SCMDOJO

DECEMBER 14, 2023

READ MORE ON: “STRATEGIC SOURCING VS. PURCHASING – 7 KEY DIFFERENCES” at our website SCMDOJO! The Inner Workings of a Sourcing Agency: 1. Client Consultation: Understanding Needs The journey begins with a detailed consultation between the sourcing agency and the client.

Sourcing 73

Sourcing Supply Chain Efficiency Supply Chain Optimization Negotiation 73

Strategic Sourceror

SEPTEMBER 22, 2022

From rising inflation to depleted consumer sentiment to the ongoing effects of COVID-19 on the supply chain and the broader economy, a combination of factors has led to retailers' inventory predicaments. Throughout the lockdown, demand far outpaced supply. Furniture store RH is taking similar measures.

Inventory 57

Inventory Agile and Lean Supply Chain Buyers Supply chain 57

ivalua

MAY 1, 2020

The total costs, in terms of human lives, disrupted supply chains, ruined businesses and GDP impact, are still just projections in the array of charts presented daily by statisticians and data modelers. There are, however, already some clear lessons to be learned by Procurement and Supply Chain leaders.

Supply chain management 130

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 130

Let's Talk Supply Chain

JANUARY 9, 2023

As a global technology company, they provide networked innovation, quality, and compliance solutions to consumer brands that want to reduce supply chain risk, innovate faster, speed up business processes, and take control of data. IN THIS EPISODE WE DISCUSS: [06.31] Gary’s background and how, and why, it led him to founding TraceGains.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Food and Beverage Supply Chain supply chain software solutions Supply Chain Efficiency 52

Supply Chain Opz

JUNE 1, 2014

Professionals in supply chain management use various methods to identify best practices to improve the operations. In order to accelerate the learning, this article has gathered 20+ most sought-after supply chain case studies, analyzed/categorized them by industry and the findings are presented.

Agile and Lean Supply Chain 95

Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Supply chain 95

Sourcing Solved

MARCH 31, 2022

Her post, which you can access through the provided link , delivers several key insights into successfully identifying, pursuing, and retaining procurement talent by treating it as a strategic sourcing process. If you haven’t read it yet, I strongly suggest you do. Why is this important? The Right Level Of Expertise.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Agile and Lean Supply Chain Chief Procurement Officer 52

Supply Chain Game Changer

NOVEMBER 13, 2018

As companies seek to discover ways to increase overall excellence and competitiveness, a new source of value has emerged – Strategic Sourcing. What is Strategic Sourcing? Strategic Sourcing does exactly the same by addressing the total cost. A Paradigm Shift in the Procurement Function.

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

Pipefy

DECEMBER 20, 2023

Strategic procurement, or procurement strategic planning, is a data-driven process that helps businesses align procurement and business goals. The result is greater supply chain predictability, more accurate decision-making, and better business agility. What is strategic procurement?

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Strategic planning 52

Pipefy

JANUARY 11, 2023

This shift has become necessary as procurement departments are tasked by management with new strategic duties. Procurement teams are now responsible for driving value, achieving sustainable results, and helping businesses maintain their competitive edge despite market shifts and supply chain disruptions.

Strategy 52

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

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. Subscribe Here! Email Address. Making The Right Choices.

Collaboration 66

Collaboration Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 66

Arkestro

DECEMBER 5, 2022

These disruptions have exposed the fragility of global supply chains. Unique obstacles have caused many companies to re-evaluate their sourcing strategies. A shift toward regionalized supply chains and diverse suppliers may be the key to resilience. Other challenges reflect problems throughout the supply chain.

Raw materials 98

Raw materials Procurement Agile and Lean Supply Chain Supply Chain Optimization 98

Procurement Heads

JANUARY 4, 2023

Even at that point blue chip corporations recognised the value of procurement and understood that when you’ve got substantial third-party spend, it’s important to use strategic sourcing approaches. I joined KPMG in their supply chain practice and spend the next 16 years on consulting assignments in a smaller firm.

Supply Chain Efficiency 246

Supply Chain Efficiency Sustainability Agile and Lean Supply Chain Suppliers 246

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. Some companies and organizations thought about the end-customer experience and strategic sourcing , but these concepts were more outliers than standard practice.

Procurement 98

Procurement Agile and Lean Supply Chain Supply Chain Efficiency Procurement team 98

Procurement Tactics

JUNE 28, 2023

This allows for the identification and implementation of measures to mitigate any delays or obstacles in the supply chain by organizations. Organizations can obtain visibility of trends in procurement and supplier performance, as well as demand patterns with the use of modern analytical tools and technologies.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Sourcing and Supply Chain

JUNE 24, 2021

Unlike strategic sourcing, category management takes a proactive instead of a reactive approach to sourcing activity that provides detailed insight into factors affecting the price of a service or good. Step 1 – Analysis of Internal Factors – Demand Management & Spend Analysis. Demand management.

Category management 52

Category management Management Procurement Market analysis 52

Empowering CPO

JULY 2, 2023

Managed procurement services can cover a vast range of functions – from sourcing and supplier management to purchasing, invoicing, and payment processes. Risk Management: Identifying and mitigating potential risks in the supply chain, ensuring business continuity and resilience.

Management 52

Management Procurement Strategic sourcing Strategic sourcing 52

Procurement Software

MAY 9, 2022

Parallel to this, they offer the ability to streamline supplier governance and due diligence activities to cover increasing demands on compliance and supply chain visibility. Studied cases at Kodiak Hub show between 1–3 % loss of brand exposure resulting from a non-compliant supply chain. About Kodiak: .

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Procurement Software

MAY 9, 2022

Parallel to this, they offer the ability to streamline supplier governance and due diligence activities to cover increasing demands on compliance and supply chain visibility. Studied cases at Kodiak Hub show between 1–3 % loss of brand exposure resulting from a non-compliant supply chain. About Kodiak: .

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Zycus Cognitive Procurement

JULY 25, 2022

Over the past two years, we’ve seen how supply chains are constantly changing and facing uncertainties. CPOs and procurement leaders everywhere are trying to identify ways to be agile to handle future uncertainties. . Professionals are implementing technologies that will help them keep up with these new demands.

supply chain budgeting 52

supply chain budgeting Procurement Agile and Lean Supply Chain Management 52

Procurement Software

MARCH 5, 2024

FRDM FRDM is a software company specialising in supply chain risk management. Their software is designed for multinational corporations managing complex supply chains. It helps large enterprises like Virgin, Coca-Cola, Boeing, and IBM map, monitor, and mitigate ESG risks across their global supply chains.

Real-time Visibility 52

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

Empowering CPO

JUNE 30, 2023

Introduction In an era where businesses are increasingly seeking efficiency, cost-effectiveness, and agility, the role of procurement has become more critical than ever before. All these factors make procurement a demanding function that requires a high level of expertise and resources.

Management 40

Management Procurement Supply Chain Efficiency Supplier relationship management 40

Una

JANUARY 8, 2024

Procurement can promote employee value all the way down the value chain by ensuring suppliers comply with fair labor practices, ethical standards, and employee well-being. We can play a role in building a supply chain that reflects the positive workplace culture you want to foster within your organization.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Agile and Lean Supply Chain Purchasing 52

The Procuretech Podcast

MAY 3, 2022

Given the current supply chain crisis and geopolitical instability, what better time to speak to a guest from a unique eSourcing solution? Alan Holland, CEO of Keelvar, is here to tell us how AI can offer something more immediate, spot and transactional, in these unstable times when agility matters.

Agile and Lean Supply Chain 52

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

Una

MARCH 6, 2024

Being able to adapt fast keeps businesses agile and ready for whatever the market throws their way. Prioritize cybersecurity Make sure that your outsourcing partner has robust cybersecurity measures in place to minimize the chance of a supply chain or back-door attack on your organization.

Procurement 52

Procurement Agile and Lean Supply Chain Purchasing Supply Chain Efficiency 52

Empowering CPO

JUNE 9, 2023

By measuring key aspects of the procurement process, these metrics provide insights that can drive significant improvements in cost-efficiency, operational performance, and supply chain resilience. Importance and Impact on the Organization – Delivery metrics are vital for maintaining a smooth and efficient supply chain.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

Empowering CPO

JUNE 14, 2023

It is a strategic process that involves identifying business needs, sourcing suppliers, negotiating contracts, managing supplier relationships, and ensuring the timely delivery of high-quality products or services. AI can analyze vast amounts of data to identify trends, predict future demand, and suggest optimal buying decisions.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Solvoyo

MARCH 29, 2020

We believe that the CPG commercial world is already taking several actions to adapt to the supply chain disruptions of the pandemic. Agility now and in the future requires a reliable digital infrastructure for the governments, the enterprises, and the individuals. What does this mean for the CPG world?

e2e 40

e2e Supply Chain Optimization Real-time Visibility Agile and Lean Supply Chain 40

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

With the increasing complexity of supply chains and the growing importance of sustainability and social responsibility, the role of procurement professionals has become more critical than ever. These competencies are essential for ensuring that organizations can secure the goods and services they need at the best possible value.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

Empowering CPO

MAY 5, 2023

In essence, procurement serves as the backbone of an organization’s supply chain, contributing to cost savings, risk management, and supplier relationship management. This approach often resulted in inefficient use of resources, limited visibility into supplier performance, and difficulty in managing complex supply chains.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Procurement Real-time Visibility 52

Solvoyo

MARCH 29, 2020

We believe that the CPG commercial world is already taking several actions to adapt to the supply chain disruptions of the pandemic. Agility now and in the future requires a reliable digital infrastructure for the governments, the enterprises, and the individuals. What does this mean for the CPG world?

e2e 40

e2e Supply Chain Optimization Real-time Visibility Agile and Lean Supply Chain 40

Empowering CPO

JUNE 26, 2023

By analyzing historical spend patterns and supplier performance, organizations can negotiate better contracts, consolidate suppliers, and implement strategic sourcing initiatives. Stronger supplier relationships lead to better pricing, improved service levels, and a more reliable supply chain.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Collaboration 40