Una

APRIL 13, 2023

Rather than telling them exactly what you want, you lean on their experience by asking them to recommend a suitable cut of beef. There’s nothing wrong with simply getting what you’ve paid for; in fact, up to 80% of your supplier relationships are likely to be purely transactional. But there are some challenges involved.

Suppliers 98

Suppliers Supplier relationship management Agile and Lean Supply Chain Supply Chain Optimization 98

IBM Supply Chain Blog

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. Additional goals might be risk management and mitigation, supplier relationship management and sustainability considerations.

Procurement strategies 70

Procurement strategies Strategy Procurement Supply Chain Efficiency 70

Procurement Heads

JANUARY 4, 2023

I joined KPMG in their supply chain practice and spend the next 16 years on consulting assignments in a smaller firm. In 2020, I moved back into corporate life as Head Of Supplier Relationship Management with Coventry Building Society. Our organisation has adopted agile ways of working.

Supply Chain Efficiency 246

Supply Chain Efficiency Sustainability Agile and Lean Supply Chain Suppliers 246

Una

OCTOBER 25, 2022

Procurement was once known for imposing clunky purchasing processes. In recent years, however, many teams have managed to successfully shake off this long-outdated reputation. Procurement professionals are now celebrated for their innovation, creativity, agility, and cost-saving initiatives. By Hugo Britt | October 26, 2022.

Supply Chain Efficiency 105

Supply Chain Efficiency Procurement Purchase orders Real-time Visibility 105

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. The Drive to an Automated World: Is it the End of the Road for Procurement?

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Let's Talk Supply Chain

MARCH 23, 2023

With a decade hallmarked by disruption, consumers are more aware of supply chain and how industry shortages, talent gaps, and climate events impact their daily lives and local communities. One dialogue that is still catching fire is how closing the gender gap in supply chain can help the industry build its ranks and agility.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions Supply chain 52

Una

AUGUST 31, 2023

With limited resources, time, and purchasing power, every decision needs to be well-planned and supported by data. In this article, we explore the unique challenges facing SME procurement teams, how to be strategic despite these challenges, and the role a group purchasing organization can play.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supplier relationship management 52

Una

OCTOBER 9, 2023

DOWNLOAD PLAYBOOK Table of Contents Introduction In procurement and supply chain, staying ahead of the game is not just a goal – it’s a necessity. Strategic sourcing takes into account a few key concepts: Total Cost of Ownership TCO shows how strategic sourcing looks beyond the initial purchase price.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Zycus Cognitive Procurement

JANUARY 24, 2023

With new legislation being introduced for 2023 in Europe, such as the Supply Chain Due Diligence Act (SCCDA), CPOs and other procurement and sourcing leaders need to devise an agile procurement strategy to ensure compliance. Tracking supplier performance: For improvement, measurement and analysis is important.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Supply Chain Opz

NOVEMBER 9, 2014

Companies of all sizes have been capturing the value from Global Supply Chain to increase the economies of scale and scope for years. Due to the rapid change in global business environment, managers find it difficult to gain the edge over competitors. delivery reliability”), but is that really “supply chain thinking”?

Agile and Lean Supply Chain 109

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 109

Una

MARCH 6, 2024

Your Business Guide to Outsourced Procurement A comprehensive guide to outsourced procurement and the benefits of working with a group purchasing organization to save money, time, and effort. We’ll also reveal the benefits of outsourcing procurement to a group purchasing organization (GPO). billion by 2027 , growing at a CAGR of 8.8%.

Procurement 52

Procurement Agile and Lean Supply Chain Purchasing Supply Chain Efficiency 52

Una

JANUARY 8, 2024

Boosting Business Growth With the Help of a Group Purchasing Organization A playbook for boosting business growth, moving beyond the outdated perceptions of procurement, and turning it into one of your organization’s most important sources of value. The real hero understands that the story doesn’t end with the purchase.

supply chain budgeting 52

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

Empowering CPO

JULY 16, 2023

Our services range from spend analysis and supplier relationship management to contract management, strategic sourcing, and e-procurement solutions. It involves the process of identifying, selecting, acquiring, and managing resources that a business needs to fulfill its operations and meet its goals.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Arkestro

DECEMBER 5, 2022

Technology innovations have been massive, changing how food is grown, processed, and purchased. There have also been widespread and dramatic changes in how companies work with suppliers, causing supplier relationship management to take a front seat. Other challenges reflect problems throughout the supply chain.

Raw materials 98

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

Arkestro

DECEMBER 12, 2023

A McKinsey survey found that 79% of shoppers are “trading down” this season, meaning they’re swapping purchases for cheaper alternatives or avoiding spending completely. Yet unpredictability in supply chains, demand forecasting, and geo-political factors can make it difficult to prepare for the season.

Procurement 52

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

Una

AUGUST 9, 2023

Leading GPOs regularly review partnerships with suppliers to ensure members are getting the best-possible deal and identify any issues that could expose members to operational, reputational, or regulatory compliance risk. What Makes a Supplier Strategic? Did you know?

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

Procurement Software

MARCH 5, 2024

Raindrop Raindrop is one of a number of US procurement startups offering enterprise-level spend management platforms. These modules can be purchased separately or as one complete suite. Raindrop has also been recognised as a cloud-enabled procurement focused Contract Lifecycle Management (CLM) application.

Real-time Visibility 52

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

Planergy

SEPTEMBER 8, 2022

Supplier Performance Management: How and What To Measure. Best Practices & Tips Supplier Performance Supplier Relationship Management. Measuring supplier performance is essential to maintaining a good relationship and ensuring that they continue to meet your standards. Download Free Copy.

Suppliers 52

Suppliers Management Supplier relationship management supply chain budgeting 52

Empowering CPO

JULY 16, 2023

Our services range from spend analysis and supplier relationship management to contract management, strategic sourcing, and e-procurement solutions. It involves the process of identifying, selecting, acquiring, and managing resources that a business needs to fulfill its operations and meet its goals.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

Jaggaer

FEBRUARY 18, 2020

The recent disruptions to supply chains caused by the coronavirus epidemic in China have given supply managers the world over pause for thought. Now more than ever, businesses must improve the efficiency of their supply chains not only to maintain a competitive advantage but also to reduce risk.

Suppliers 103

Suppliers Agile and Lean Supply Chain Supply Chain Efficiency Supplier relationship management 103

HICX

AUGUST 31, 2023

Information is centralized Information is centralized Increased productivity & accuracy Assists compliance Improved auditability Enhanced supplier risk management Vendor information governance What are the Key Pillars of Supplier Information Management? What is Supplier Information Management?

Suppliers 52

Suppliers Management Supply Chain Efficiency supply chain software solutions 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. This is where the concept of managed procurement services comes into play. Each of our services aligns with the benefits of outsourcing discussed earlier.

Management 40

Management Procurement Supply Chain Efficiency Supplier relationship management 40

Empowering CPO

MAY 4, 2023

By effectively managing the purchasing process, companies can better control their expenditures and optimize their supply chain, ensuring the availability of the right products and services at the right time. Focus on Supplier Relationship Management A. Some of the key benefits include: 1.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Supply Chain Game Changer

NOVEMBER 13, 2018

And What is Purchasing? From the starting point of the traditional buy-sell, transaction-based purchasing, the practice has moved through stages of change that redefines most aspect of the business. This can be achieved through reduction in prices of purchased products & services and reduction in their specific consumption.

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

Jaggaer

OCTOBER 22, 2020

“Spend management and procurement will play a key role in enabling banks to achieve their efficiency targets while managing supply chain risks,” he added. Purchase orders were issued through the ERP system, but with no link to the approvals workflow and procurement decisions.

Strategy 52

Strategy Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Pipefy

MAY 23, 2023

In its long history , procurement has evolved from self-contained purchasing entities to an essential business partner handling processes involving several departments and many subprocesses. Purchase approvals The process of approving purchases and moving them to the stage of fulfillment presents similar issues to those of requisitions.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

ivalua

MAY 31, 2022

Supply chains are complex and varied; to manage them effectively, you need to understand exactly what’s happening in both your supply chain and your customers’ end markets. How can you create a more efficient supply chain and gain a better understanding of overall performance?

Suppliers 246

Suppliers Supplier relationship management supply chain software solutions Agile and Lean Supply Chain 246

Procurement Software

NOVEMBER 14, 2023

Maintaining their moat and preventing customers from defecting to more agile offerings on the market is a smart move. It’s no longer possible to manage all your digital procurement requirements in one, end-to-end suite. The cost of change and disruption, as well as the potential risk, is going to be much higher for these organisations.

supply chain software solutions 52

supply chain software solutions Spend management Agile and Lean Supply Chain Risk 52

Empowering CPO

JULY 2, 2023

However, with time, the function evolved, incorporating strategic elements such as supplier relationship management, risk management, and sustainable sourcing. Managed procurement services can cover a vast range of functions – from sourcing and supplier management to purchasing, invoicing, and payment processes.

Management 52

Management Procurement Strategic sourcing Strategic sourcing 52

Empowering CPO

JUNE 14, 2023

Common models include the ‘three-bid and buy’, where the company seeks quotes from three suppliers and then selects one based on price and other factors; and the ‘preferred supplier’ model, where the company forms long-term relationships with certain suppliers.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Planergy

DECEMBER 29, 2022

That means working with agile partners, which most standard procurement strategies don’t account for. Building relationships with marketing agencies is just as important as managing any other part of your supply chain, whether you hire an agency full-time, or as a one-off. Technology May Be Problematic.

Procurement 52

Procurement Raw materials supply chain budgeting supply chain software solutions 52

Empowering CPO

JULY 3, 2023

As globalization accelerates and supply chains become increasingly complex, procurement’s role has expanded from a mere transactional function to a strategic one. Procurement is no longer just about purchasing goods and services at the lowest cost. This is where the need for innovative, strategic solutions comes into play.

Innovation 52

Innovation Strategy Procurement Management 52

Supply Chain Game Changer

NOVEMBER 23, 2018

Growing global complexity in supply chain management has forced organizations to look towards technology as their silver bullet; serving as the missing link between people (supply chain actors) and the ability to collaborate at scale. Check out What Exactly is Blockchain? And How Does it Work? Infographic).

Supply Chain Efficiency 50

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 50

ivalua

NOVEMBER 26, 2019

This is where helping organizations innovate, ensuring business agility and even growing revenue comes into play. Global automotive component supplier Meritor is a great example. Best practices are great for the majority of processes, but for the most strategic doing things differently is the way to win.

Procurement 130

Procurement Sourcing Spend management Innovation 130

ivalua

MARCH 9, 2023

Upstream covers all the strategic procurement activities such as spend analysis, sourcing, contract management and supplier management (which includes supplier information, risk and performance management). Purchasing is also where value is captured (i.e., Purchasing is also where value is captured (i.e.,

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

Empowering CPO

JUNE 27, 2023

By analyzing and understanding how an organization spends its resources, businesses can identify cost-saving opportunities, enhance supplier relationships, and drive overall efficiency. Supplier Collaboration: Fostering closer collaboration and communication with suppliers through digital platforms and portals.

Real-time Visibility 40

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