Procurement Tactics

JULY 14, 2022

For this article, we will discuss what a procurement service provider is. After you finish this article, you will have a deeper understanding of what a procurement service provider is. These include strategic planning, supplier collaboration, implementing best practices , strategic sourcing , and negotiation. . ENROLL NOW.

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Procurement Supply Chain Efficiency Negotiation Strategic planning 130

Una

APRIL 18, 2023

In this article, we share some of the steps procurement can take if the CFO asks for your help in risk-proofing the organization against the impacts of a looming recession. But it’s important to avoid the mistake of trying to survive a recession by squeezing your suppliers.

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Risk Procurement supply chain budgeting Supply Chain Optimization 98

Una

SEPTEMBER 26, 2023

How to Repair Damaged Supplier Relationships Learn how to repair damaged supplier relationships by using communication, trust-building, and negotiation tactics to get back on track. Surprisingly, the breakdown of a supplier relationship can sometimes resemble a spat between the main characters of the 1990s hit series.

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Suppliers Supply Chain Efficiency Negotiation Supply chain 52

Una

JUNE 27, 2023

The first 30 days in a procurement role In this article, we outline some key objectives you should aim to achieve during this critical period to pave the way for long-term success. Most organizations will run an onboarding process that will introduce you to key stakeholders and policies.

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Procurement Collaboration Suppliers Procurement team 52

IBM Supply Chain Blog

APRIL 25, 2024

Business process reengineering (BPR) is the radical redesign of core business processes to achieve dramatic improvements in performance, efficiency and effectiveness. The purpose of BPR is to streamline workflows , eliminate unnecessary steps and improve resource utilization.

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Supply Chain Efficiency Supply Chain Optimization supply chain budgeting supply chain software solutions 58

Planergy

JANUARY 18, 2024

Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. Catalog management in procurement is the strategic process of managing and maintaining a product catalog within an organization. External Catalogs Suppliers provide these catalogs. What's Planergy?

Management 52

Management Procurement Supplier relationship management Real-time Visibility 52

HICX

DECEMBER 13, 2022

What is supplier centricity? Being supplier centric means not treating suppliers as a commodity but setting them with the right foundations to do their best work for you. It is a mindset shift that acknowledges that all suppliers, rather than just the strategic few, should have access to a one-to-one style relationship.

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Procurement Software

MARCH 5, 2024

There are so many, in fact, that we expanded our article to include 25 of them. What started out as a top 10 article quickly became obvious that we needed to cover more! It directs incoming requisitions and queries to the appropriate resources based on specific metrics. Hot diggity dawg! US procurement startups are killing it.

Real-time Visibility 52

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

Una

DECEMBER 20, 2022

Some organizations define SUM as any spending that leverages preferred supplier contracts. Sourcing and managing suppliers. It typically involves a competitive process and will be overseen by procurement leaders or a cross-functional category team. How easily are buyers able to apply the correct procurement processes?

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Management Buyers Procurement team Contract 98

Una

APRIL 27, 2023

Pain Points in Procurement Series The Consequences of Getting Procurement Involved Too Late Avoid getting procurement involved too late in the purchasing process. In some cases, the entire purchase may need to be re-evaluated or renegotiated, leading to wasted time and resources. Then there’s the compliance angle.

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Procurement Real-time Visibility Purchasing Risk 98

SCMDOJO

JUNE 21, 2023

Companies often outsource or entrust these processes to third-party providers, reaping the abundant benefits of SCaaS. Supply Chain as a Service (SCaaS) is a new approach to managing the complex process of getting products from manufacturers to consumers. Let’s delve into this emerging concept.

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Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 92

Procurement Software

MARCH 7, 2023

Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. This reflects the increasing digitisation trend in procurement to manage both operational and strategic processes more effectively. Table of Contents What is P2P in Procurement?

Sourcing 64

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

Una

DECEMBER 14, 2022

As a group purchasing organization, Una works to negotiate discounted pricing directly with the suppliers that operate within the food distribution industry. Una's discovery process. Regardless of category, the Una team follows the same process for each area of spend when onboarding a new member. Get new resources weekly!

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Price Supply Chain Efficiency Purchasing Contract 98

Pipefy

MAY 29, 2024

This article discusses the use of these KPIs in change management, including their role in overcoming process inconsistencies, increasing business agility, and keeping projects on track. This metric provides insight into the efficiency and speed of the change’s adoption process.

Change management 52

Change management Management Real-time Visibility Stakeholder engagement 52

Una

SEPTEMBER 11, 2023

Convincing your boss you should be working with a group purchasing organization In this article, we explore some common reasons your boss might hesitate to work with a third party like Una, and equip you with some compelling rebuttals to help get them on board. There’s only one thing standing in your way – your boss.

Real-time Visibility 52

Real-time Visibility Purchasing Suppliers Supplier relationship management 52

HICX

DECEMBER 1, 2022

Building the Optimal Supplier Experience. Providing an optimal supplier experience is only possible through a deep understanding of how your suppliers are expected to interact with an organization and then streamlining those processes in a ‘supplier-centric’ way.

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Suppliers e2e Import Demand 52

Procurement Software

DECEMBER 5, 2022

Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. This reflects the increasing digitisation trend in procurement to manage both operational and strategic processes more effectively. Performing the appropriate pre-qualification of suppliers.

Sourcing 52

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 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. PPO Speeds up the Procurement Process. Climate Change. How can PPO help?

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

Procurement Software

MAY 30, 2023

This article will tackle 7 fundamental yardsticks to help you quickly assess how mature your indirect procurement team is. Across any category of indirect spend, with the exception perhaps of energy and utilities, there is a long tail of non-strategic, tail spend suppliers. Good suppliers get complacent.

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Procurement Procurement team Purchase orders Contract 52

Una

MAY 2, 2023

Like the anthropomorphic dog in the This is Fine meme , they’ve been denying the need to get to grips with their business spend despite a conflagration consisting of out-of-control costs, spiraling regulatory risk, and messy supplier relationships. Source Instead of launching procurement in a reactive panic, a lot of stress (and money!)

supply chain software solutions 78

supply chain software solutions Procurement Risk Sourcing 78

Procurement Software

JUNE 13, 2023

In this article, we’re going to focus predominantly on the second trend. We plan to refresh the article a couple of times a year, as solutions are constantly adding features and new solutions come onto the market. They place a high focus on providing a great user experience and easy onboarding for suppliers.

supply chain software solutions 52

supply chain software solutions Contract management Contract Sourcing 52

Procurement Software

MARCH 19, 2024

If we let our minds run wild, it’s not difficult to see how much potential this technology could bring to transform many existing procurement processes and tasks. Sourcing When it comes to sourcing, AI can assist with RFX generation, reviewing supplier responses, and leveraging disparate, unstructured data into a coherent.

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Procurement Category management supply chain software solutions Data 52

Procurement Software

JULY 4, 2023

But, by eliminating a lot of tactical workload, it can free up valuable resources to concentrate on what moves the needle. Digital procurement is a process where technology is used to streamline the procurement process, both operational and strategic. One way it does this is by automating existing manually performed processes.

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Supply Chain Efficiency supply chain software solutions Procurement supply chain budgeting 52

HICX

DECEMBER 11, 2023

Digital transformation provides businesses with new opportunities, streamlined processes and operations, and the ability to make better-informed decisions based on more accurate data. Supplier Management is an area within businesses that frequently shows significant potential for transformation through new and emerging digital technologies.

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Supply chain management Supply chain management Supply Chain Efficiency Agile and Lean Supply Chain 52

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. Advantages of digital procurement systems The digital transformation of procurement processes offers numerous advantages to businesses.

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Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

ivalua

NOVEMBER 8, 2019

This article focuses on outsourcing, which offers more flexible solutions, has been on the rise to supply enterprises with external talents, leading to how procurement can help challenge the traditional strategy in order to maximize the chances of pairing the right talent with a need. Arnaud Malardé, Senior Product Marketing Manager, Ivalua.

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Procurement Strategy Suppliers Management 100

The Good Spending

AUGUST 23, 2022

This 1914 philosophical article defines value as the object of proper judgment. Value creation as the result of stakeholder engagement The authors of Stakeholder Salience model built their work around the process of value creation. Briefly, it is the next step from TCO-based supplier selection.

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Procurement supply chain budgeting Supply Chain Optimization Budget 98

Procurement Software

APRIL 18, 2023

In this article we will: Explain eAuctions and their benefits. This ensures they get the best deal possible with their suppliers. These negotiations take place in real time, with all prospective suppliers at once. This involves suppliers competing in sequential bidding. This back and forth is very time-consuming.

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

Procurement Software

FEBRUARY 20, 2024

Also, don’t miss our articles on Nordic (link), UK (link) and German (link) procuretech startups. Source is a safe and user-friendly guide through the RFP and awarding process. Thinking Machine offers a quick way to identify discrepancies in supplier invoices.

Supply Chain Efficiency 59

Supply Chain Efficiency supply chain software solutions Procurement Real-time Visibility 59

Planergy

OCTOBER 6, 2022

How AP can improve relationships with your key suppliers. Business Process Automation (BPA) Business Process Management (BPM). Business Process Automation (BPA) Business Process Management (BPM). IN THIS ARTICLE. Hyperautomation also reduces errors and improves overall processing time. Written by.

Import 52

Import supply chain budgeting supply chain software solutions Supply Chain Efficiency 52

Procurify

JULY 21, 2022

Downturn or not, effective spend management gives businesses greater control and oversight over the use of company resources. Here are questions CFOs can ask themselves to start auditing their own spend management processes: What is our discretionary spend? A version of this article originally appeared on Forbes.

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Spend management Management Budget Purchase orders 52

HICX

NOVEMBER 29, 2022

As Adam Brown , Managing Director, Procurement Strategy & Digital Transformation at Maersk , points out in a recent interview with HICX, “The sheer multitude of touchpoints for suppliers when transacting with many large enterprises can create confusion and inefficiencies.”?. The issue resonates with suppliers. Is it up-to- date?

Suppliers 52

Suppliers e2e Purchase orders Data 52

HICX

SEPTEMBER 11, 2023

Table of Contents What is supplier risk management? What are the benefits of supplier risk management? What is supplier risk management? As organizations scale and increase in size, so too does the organization’s number of suppliers, which means there are more risks to be managed.

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Risk management Risk Suppliers Management 52

Supply Chain Game Changer

JUNE 25, 2020

Supply Chain Storm article and permission to publish here provided by Bryce Boothby. There’s also the issue of sourcing , as companies consider nearshoring and reshoring and requalify and re-assess their suppliers and sub-suppliers. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. How Best to Prepare.

Agile and Lean Supply Chain 54

Agile and Lean Supply Chain Supply Chain Optimization Supply chain Supply 54

World of Procurement blog

JUNE 17, 2021

Contract Management is the process of managing all of your contracts. For this article, we’re going to focus on Contract Management related to your Supply Chain Contracts, or Procurement Contracts. This is the management of the entire contracting process though. What is the Contract Management Process?

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Contract management Contract Management Contract administration 52

Claritum

JANUARY 4, 2019

Claritum Article - Procurement Blog. This article looks at the benefits of moving your procurement processes and activities into the Cloud. This article looks at the benefits of moving your procurement processes and activities into the Cloud. The article briefly covers each point. Introduction. Reliability.

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Eprocurement Procurement Purchasing Collaboration 36