Procurement Tactics

JULY 2, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. Job orders also set out clearly the path for procurement professionals to enable them to execute the procurement process efficiently.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

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. Learn how to engage stakeholders early to amplify the value procurement brings to the table. The phone rings at the local fire station.

Procurement 98

Procurement Real-time Visibility Purchasing Risk 98

Procurement Tactics

MAY 4, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Contract Auditing — Everything You Should Know Contract auditing allows parties to know their obligations and follow them thoroughly. In this article, we will discuss what contract audit means.

Contract 184

Contract Negotiation Contract management Procurement strategies 184

SCMDOJO

APRIL 29, 2024

Are you interested in understanding how businesses effectively manage their supply chains? Look no further – this guide is here to help you grasp the fundamentals of supply chain management (SCM) and how it can lead to success. It encompasses activities such as procurement, supplier selection, and evaluation.

Supply chain management 85

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 85

Una

MARCH 30, 2023

Pain Points in Procurement Series Focusing Beyond Cost in Procurement to Drive Value Practitioners who are focusing beyond cost in procurement are shifting stakeholder mindsets about the value the function can bring to the organization. Cost is, and should always be, a foundational part of procurement’s raison d’être.

Procurement 104

Procurement Supply Chain Efficiency Procurement team Sustainability 104

Procurement Tactics

DECEMBER 6, 2022

33 Procurement Interview Questions in 2022. However, how do you manage your spending? In this article, we will discuss what spend management is. Also, we will tell you how to improve the spend management process if you already have one in your business. . Download Whitepaper →. . What is Spend Management?

Spend management 172

Spend management Management Real-time Visibility Budget 172

Una

MARCH 16, 2023

Pain Points in Procurement Series How to Build Procurement Influence and Why it Matters How to build procurement influence as a way to stay engaged with other business functions, drive value, and achieve more desirable outcomes. Hi, is that the procurement team? It’s Joe from logistics.

Influencing 105

Influencing Procurement Cost of ownership Supplier relationship management 105

Procurement Tactics

JUNE 7, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Purchase Price Variance — Everything You Should Know Purchase price variance is an important factor for budget preparation, but why? Thus, allowing you to know the price fluctuations for goods and services.

Price 130

Price Purchasing Raw materials Negotiation 130

Procurement Insights

NOVEMBER 23, 2023

How do technologies impact the relationships between customers and suppliers? – S&P Global Market Intelligence (January 2023) What is the main difference between the two article excerpts above – besides 21 years between publication? That is why the 2002 article is one of perception.

Suppliers 72

Suppliers Buyers Risk management Supply Chain Optimization 72

Procurement Insights

DECEMBER 30, 2023

EDITOR’S NOTE: Who are the Next Gen (Procurement) Rebels? Check out the article Procurement’s Most Wanted List: Who Are The Next Gen Rebels? The best way to predict or anticipate the future of procurement is to talk to those professionals who want to influence the future versus being a spectator of it.

Procurement 87

Procurement Supply Chain Efficiency Risk Innovation 87

NLPA (Next Level Purchasing Association)

JANUARY 16, 2024

Procurement, traditionally focused on cost reduction, is undergoing a transformation to become a strategic driver of value creation for organizations. The Expanding Definition of Value Creation in Procurement Historically, the value delivered by procurement was measured primarily by cost savings. It’s a necessity.

Procurement 52

Procurement Supply Chain Efficiency Procurement team Supply Chain Optimization 52

Una

JANUARY 24, 2024

Balancing Procurement's Biggest Priorities in the Fast Lane No matter the industry, Sourcing Heroes need to be adept at identifying and balancing procurement’s priorities to make the biggest impact.

supply chain software solutions 52

supply chain software solutions Supply Chain Optimization Innovation Procurement 52

Una

JUNE 4, 2024

How Procurement Can Think Like a Startup Explore how procurement can think like a startup, even within a big organization, and reap the benefits that come with it. Now, picture a large organization with an established procurement department, operating in a traditional manner, focusing on stability and risk aversion.

Procurement 52

Procurement Procurement team Budget Innovation 52

Una

JUNE 27, 2023

What to Accomplish in Your First 30 Days in a Procurement Role Explore key objectives you should aim to achieve during the first 30 days in a procurement role to pave the way for long-term success. By Hugo Britt | June 27, 2023 Search Search Congratulations on securing your new procurement role!

Procurement 52

Procurement Collaboration Suppliers Procurement team 52

Una

MAY 11, 2023

Building a Procurement Function From Scratch With the right approach, building a procurement function from scratch can create streamlined and efficient processes that deliver real value to your organization. The company has never had a dedicated procurement function before, so you’ve been granted a blank slate to work with.

Procurement 98

Procurement Real-time Visibility e2e Purchasing 98

Una

NOVEMBER 29, 2023

11 Things You Can Do While Your GPO Works Behind the Scenes Explore 11 things you could be doing while your GPO takes care of time-consuming procurement tasks behind the scenes. Below, we suggest 11 things you could be doing while your GPO takes care of time-consuming procurement tasks. Day-to-day procurement tasks can bog you down.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supplier relationship management Strategic sourcing 52

Una

OCTOBER 31, 2023

Change Management Tips for Procurement Professionals Practical change management tips for overcoming resistance from stakeholders and getting your procurement changes to stick for good. By Hugo Britt | October 31, 2023 Search Search You know how kids sometimes resist trying new foods, even if they turn out to be delicious?

Change management 52

Change management Management Procurement Leadership 52

Una

APRIL 11, 2023

Advantages and Disadvantages of ERP Systems Discover the advantages and disadvantages of utilizing ERP systems to drive efficiencies and cost savings in procurement. Once established, a properly used and functioning ERP can lead to an increase in revenue margins and efficiencies while improving communication across the company.

supply chain software solutions 98

supply chain software solutions Real-time Visibility Supply Chain Efficiency Raw materials 98

Una

AUGUST 21, 2023

The Human Factor in Strategic Sourcing How to allow for the human factor in strategic sourcing to drive the success of procurement process optimization and cost efficiency efforts. Strategic sourcing in procurement would be so easy if people weren’t involved! The human factor in strategic sourcing But it’s never that simple.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Ethics 52

Una

SEPTEMBER 11, 2023

How to Convince Your Boss You Should Work With a GPO How to overcome common stakeholder concerns and convince your boss you should work with a GPO to drive more cost savings and value. Procurement professionals can use these rebuttals to convince their bosses that utilizing GPO services may be the right move for the business.

Real-time Visibility 52

Real-time Visibility Purchasing Suppliers Supplier relationship management 52

Una

JULY 3, 2023

Procurement-Specific Leadership Skills Along with thorough understanding and experience, here are eight procurement-specific leadership skills that will make you a better leader. Procurement-specific leadership skills We disagree.

Leadership 52

Leadership Procurement Ethics Supply Chain Optimization 52

Una

AUGUST 8, 2023

Getting Strategic About Sustainability in Procurement Tips for getting strategic about sustainability in procurement and the best practices to adopt to foster a more responsible future. By Hugo Britt | August 8, 2023 Search Search Sustainability doesn’t happen by taking ad hoc or sporadic action in procurement.

Sustainability 52

Sustainability Procurement Procurement team Procurement strategies 52

Una

OCTOBER 20, 2022

This is particularly true in the world of IT procurement. You are doing risk assessments on what this vendor is doing, how it is helping the organization, and what kind of data [they] would have access to. If they have access to the data, then how are they protecting it? Now the focus is on managing that relationship.

Vendor management 97

Vendor management Risk Suppliers Management 97

Una

AUGUST 23, 2022

How to Improve Collaboration Between Procurement and IT. You don’t speak the same technical language, you appear to have a different set of goals and targets, and you have no idea how to even begin to create a productive relationship. How to improve collaboration between the procurement and IT functions.

Collaboration 98

Collaboration Procurement Purchasing Data 98

Una

NOVEMBER 9, 2022

Understanding 10 Stages of the Procurement Cycle. The procurement cycle outlines the key steps procurement professionals should be taking each time they source and procure new goods and services. The procurement cycle. How to Improve Procurement Efficiency. By Hugo Britt | November 10, 2022.

Procurement 98

Procurement supply chain budgeting Purchase orders Market analysis 98

Una

FEBRUARY 20, 2023

Elements of a Diversified Procurement Strategy A diversified procurement strategy will utilize both traditional and nontraditional methods of sourcing to drive cost savings and value. This includes implementing aspects of a traditional procurement strategy and adding in some unconventional means to get desirable results.

Procurement strategies 98

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 98

Una

AUGUST 15, 2023

Why Local Sourcing Is The Best Way To Build Social License Tips for developing positive relationships with local stakeholders, accessing community resources, and fostering sustainability to build a strong social license. What is social license? But it takes work. Clearly, social license isn’t something that should be ignored.

Sourcing 52

Sourcing Supply Chain Efficiency Ethics Sustainability 52

Procurement Software

APRIL 18, 2023

In this article we will: Explain eAuctions and their benefits. And how can eAuctions expedite the negotiation process to drive savings for your business? eAuctions are an essential alternative to traditional negotiation methods. With tangible benefits for buyers, eAuctions could help your organisation survive the economic downturn.

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

Planergy

SEPTEMBER 6, 2023

How to gain visibility and control of your indirect spend. How to gain visibility and control of your indirect spend. How to report and analyze indirect spend to identify savings opportunities. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend.

Budget 52

Budget Real-time Visibility Innovation Data 52

Supply Chain Game Changer

OCTOBER 4, 2022

In this article on Project Management for Injection Molding, we will discuss the most important aspects of distribution chain and program management responsibilities, as well as how they might assist production methods in the injection molding process and its successful undertaking. Email Address. Partner Expertise In Sourcing.

Project management 81

Project management Management Supply Chain Efficiency supply chain budgeting 81

Planergy

DECEMBER 22, 2022

Download a free copy of "Preparing Your AP Department For The Future", to learn: How to transition from paper and excel to eInvoicing. How AP can improve relationships with your key suppliers. How AP can improve relationships with your key suppliers. Cristian Maradiaga. King Ocean. Book a Live Demo.

Data 52

Data Strategy Sustainability Ethics 52

Procurement Software

MAY 30, 2023

Procurement continues to grow in stature. With this, the question of indirect procurement maturity must be tackled. However, there has been a trend happening over the last 10 or so years to incorporate more indirect spend under the management of corporate procurement teams. What is your total vendor count ?

Procurement 52

Procurement Procurement team Purchase orders Contract 52

Planergy

JANUARY 19, 2023

How to gain visibility and control of your indirect spend. How to gain visibility and control of your indirect spend. How to report and analyze indirect spend to identify savings opportunities. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

Planergy

MARCH 2, 2023

How to gain visibility and control of your indirect spend. How to gain visibility and control of your indirect spend. How to report and analyze indirect spend to identify savings opportunities. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend.

supply chain budgeting 52

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

Supply Chain Game Changer

JULY 14, 2021

Featuring Our 12 Best Procurement Articles! Yin and Yang article and permission to publish here provided by Sam Jenks at Kodiak Rating. Procurement and Sustainability are your business’ Yin and Yang. Procurement is fundamentally centered around the act of acquisition and/or buying. Procurement is Committed.

Sustainability 98

Sustainability Procurement supply chain budgeting Agile and Lean Supply Chain 98

Positive Purchasing

DECEMBER 6, 2022

In supplier relationship management (SRM), the fundamental question we ask ourselves is, ‘What do we need from our supply base?’. With such opportunities at stake, how we regard and manage our supply base has never been more important. how we regard and manage our supply base has never been more important."

Sustainability 52

Sustainability Supply Chain Efficiency Supplier relationship management Innovation 52

Planergy

JANUARY 12, 2023

How to gain visibility and control of your indirect spend. How to gain visibility and control of your indirect spend. How to report and analyze indirect spend to identify savings opportunities. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. IN THIS ARTICLE.

Suppliers 52

Suppliers Supply Chain Efficiency Raw materials supply chain budgeting 52