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. Focusing on sustainability and partnering with a GPO can lead to greater cost reduction and better spend management, as well.

Procurement strategies 98

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 98

Supply Chain Game Changer

MARCH 14, 2022

Here are some highlights from Business School’s supply chain management program. We tried to select courses that are from reputable schools, are compatible with a variety of schedules, and start at times that work for people all over the world. Supply Chain Management Courses. They begin with an idea. Operations Management.

Supply chain management 115

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 115

Planergy

SEPTEMBER 5, 2023

Clients and results More Customers We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy. How to report and analyze indirect spend to identify savings opportunities. Why is Business Budgeting Important?

supply chain budgeting 92

supply chain budgeting Budget Real-time Visibility Spend management 92

SCMDOJO

APRIL 4, 2023

In this article, we’ll delve into the benefits and challenges of this powerful tool, and discuss the architecture that’s necessary to successfully integrate it into your business. What is the Difference Between Supply Chain Analytics and Supply Chain Management? Key Takeaways What is Supply Chain Analytics?

Supply Chain Analytics 111

Supply Chain Analytics Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 111

SCMDOJO

APRIL 9, 2024

The Silk Road became a massively critical route that moved goods from the Mediterranean region to East Asia. With one tap on a screen, we can activate the flow of goods from an e-commerce store halfway around the world to our doorstep.

Logistics 77

Logistics Data Supply Chain Efficiency Route optimization 77

Una

FEBRUARY 6, 2023

Poor support from the top will mean others in the company are less likely to get on board with procurement initiatives. Disinterest from the CEO may harm relationships with strategically important suppliers. It’s not just about cost-cutting. The answer? Put more effort into celebrating success. Call procurement.

Procurement 98

Procurement Budget Supplier relationship management Suppliers 98

Una

NOVEMBER 14, 2022

As we move further and further from the effects of a global pandemic, procurement will not revisit the “good old days” of the mid-2010s. Far from it. COVID was no different. For decades, procurement focused almost solely on finding the lowest cost for goods near manufacturing sites. By Eric Edwards | November 15, 2022.

Procurement 98

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

The Good Spending

MARCH 10, 2023

requirements or get dissolved by cost-cutting and new technologies. Profit center vs. cost center I needn't explain the difference between these two centers – the names say it all. Notably, a profit center is a cost center but not vice versa. Procurement savings must reflect upon budgets.

Procurement 52

Procurement Category management Influencing Budget 52

Planergy

JANUARY 19, 2023

Clients and results More Customers We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy. How to report and analyze indirect spend to identify savings opportunities. How Pareto Analysis Works?

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

Una

APRIL 27, 2023

Can you save my house, please?” Getting procurement involved earlier can minimize the damage and save the house. But strategic purchases require procurement expertise to mitigate risk and control costs. “I thought I could handle it myself. The fire chief shakes his head. “No,” No,” he snorts. “We

Procurement 98

Procurement Real-time Visibility Purchasing Risk 98

Planergy

SEPTEMBER 8, 2023

Clients and results More Customers We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy. How to report and analyze indirect spend to identify savings opportunities.

Budget 52

Budget Spend management Management Purchasing 52

Empowering CPO

JUNE 23, 2023

Spend analysis is a systematic process that involves the collection, cleansing, classification, and analysis of expenditure data with the goal of decreasing procurement costs, improving efficiency, and monitoring compliance. But like any strategic decision, it’s not without its pros and cons.

Data 52

Data Procurement Purchase orders Suppliers 52

Supply Chain Game Changer

FEBRUARY 12, 2022

It includes storing employee, customer, financial, or product design records to guarantee smooth data transfer among the different operational locations. Without further ado, here are the different ways Managed Service Providers (MSPs) provide value to manufacturing industry companies. Reduced Downtime And Increased Productivity.

Management 102

Management supply chain budgeting supply chain software solutions Innovation 102

Empowering CPO

JULY 17, 2023

From securing raw materials to procuring top-tier services, these purchases directly impact a company’s efficiency, productivity, and bottom line. Introduction to Managed Procurement Services In recognition of procurement’s strategic role, many businesses are turning to Managed Procurement Services (MPS).

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Supply Chain Optimization 52

Procurement Software

MARCH 12, 2024

I suspect there will be a lot of challenges from information security (IS) and legal departments. However, it’s proven ability to cut down the time and resources needed to complete many everyday tasks is not to be underestimated. What is Generative AI and why is it different? Machine learning is a subset of AI.

Procurement 52

Procurement Category management supply chain software solutions Data 52

Planergy

OCTOBER 25, 2022

We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with PLANERGY. Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. IN THIS ARTICLE.

Budget 52

Budget Management Project management Import 52

Procurement Software

JANUARY 16, 2024

I’ve borrowed this phrase from my good friend Katie McEwen but I have to say, she’s right. They run some successful tenders and negotiations, and they perennially deliver their annual cost savings targets to the business. From the CEO or CFO’s office, it may appear that everything seems to be under control and well managed.

Procurement 52

Procurement Procurement team supply chain budgeting Budget 52

Supply Chain Game Changer

MAY 9, 2022

In the past, companies have tried to spread their production around the world in order to cut costs and grow their customer base. In the past, supply chain executives didn’t have a say in strategic decisions. It attracts students from science, medicine, business, public health, and engineering.

Agile and Lean Supply Chain 92

Agile and Lean Supply Chain Supply Chain Efficiency Logistics Supply chain 92

Planergy

DECEMBER 25, 2023

Learn more We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy. How to report and analyze indirect spend to identify savings opportunities. How to gain visibility and control of your indirect spend.

Real-time Visibility 52

Real-time Visibility Data Budget Strategic planning 52

SCMDOJO

MARCH 22, 2023

This article will explore Russia’s growing influence in the Arctic, the significance of shipping routes, and the Northern Sea Route as the shortest shipping option and discuss the opportunities and challenges of Russia’s Arctic expansion strategy. The distance covered via this route is approximately 21,000 miles.

Influencing 107

Influencing Strategy Supply Chain Efficiency Export 107

Planergy

DECEMBER 29, 2022

We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy. Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. More Customers. King Ocean.

Procurement 52

Procurement Raw materials supply chain budgeting supply chain software solutions 52

Empowering CPO

JULY 2, 2023

Introduction In an increasingly complex global market, procurement services have become more than just a business necessity; they are a strategic linchpin that can significantly impact a company’s bottom line. In this article, we will delve into the vital role that managed procurement services play in enhancing supplier risk management.

Risk management 40

Risk management Risk Suppliers Management 40

Planergy

MAY 30, 2023

Clients and results More Customers We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy. How to report and analyze indirect spend to identify savings opportunities.

Real-time Visibility 52

Real-time Visibility Management Purchase orders Purchasing 52

Pipefy

DECEMBER 28, 2023

Understanding how this metric works is key to enhancing productivity, reducing costs, and delivering higher-quality products and services to customers. In this article, we’ll explore the idea behind the PCE concept, how it is calculated, ways to improve it, and factors that influence the metric.

Real-time Visibility 52

Real-time Visibility Influencing Quality Data 52

Planergy

AUGUST 16, 2022

We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with PLANERGY. Download a free copy of "Preparing Your AP Department For The Future", to learn: How to transition from paper and excel to eInvoicing. More Customers.

Suppliers 52

Suppliers Management supply chain budgeting Supplier relationship management 52

Planergy

JULY 27, 2023

Clients and results More Customers We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy. How to report and analyze indirect spend to identify savings opportunities.

Real-time Visibility 52

Real-time Visibility Purchasing Management Budget 52

Supply Chain Game Changer

NOVEMBER 17, 2018

In the fast-changing world of strategic Procurement, certain categories of spend get all the thunder: IT Procurement gets to help drive a company’s innovation. And most large companies are well aware – by now – of the cost savings and strategic advantages of being more strategic about the way you buy things in an organization.

Procurement 62

Procurement Contract Purchasing Supply chain 62

Supply Chain Game Changer

MAY 12, 2021

Featuring Our 12 Best Procurement Articles! New age of negotiation article and permission to publish here provided by Sam Jenks at kodiakrating.com. Dell’s attempts to lower costs, including bidding out the work three times during the eight-year relationship, ate into FedEx’s profits. Subscribe Here! Email Address.

Negotiation 69

Negotiation Buyers Bidding Collaboration 69

Procurement Software

MAY 30, 2023

It is now generally seen as being a more strategic function than it historically has been. This article will tackle 7 fundamental yardsticks to help you quickly assess how mature your indirect procurement team is. How are the patterns of spend, number of vendors, contract terms, payment conditions and so on different?

Procurement 52

Procurement Procurement team Purchase orders Contract 52

Planergy

NOVEMBER 18, 2022

We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with PLANERGY. Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. More Customers. King Ocean.

Project management 52

Project management Purchasing Suppliers Management 52

The Thomas Blog

JANUARY 5, 2024

This article dives into the nuances of sales prospecting, emphasizing its significance and distinguishing it from the broader concept of lead generation. A prospect is any individual or organization that’s a good fit for and can benefit from your solution. There's a difference between a prospect and a lead.

Strategy 52

Strategy Buyers Real-time Visibility Data 52

Supply Chain Game Changer

NOVEMBER 22, 2018

Secondarily, we will include information from other procurement professionals and procurement firms about their experiences, what they forecast, and what they are seeing. As we have witnessed in many organizations this year (from small, mid-sized, to large), we have seen many things take place. What are We Seeing Firsthand? Another $1.5

supply chain budgeting 63

supply chain budgeting Procurement Supply Chain Efficiency supply chain software solutions 63

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. Supplier chain collaboration itself isn’t new.

Collaboration 66

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

Supply Chain Game Changer

NOVEMBER 16, 2022

The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. Along with cost savings, procurement managers are focusing on optimizing and automating processes. This article will examine the top benefits and most typical challenges with procurement automation.

Supply Chain Efficiency 19

Supply Chain Efficiency Procurement Real-time Visibility Supply Chain Optimization 19

Claritum

OCTOBER 21, 2019

Claritum Article - Procurement Blog. This article provides some useful tips and recommendations to aid in the analysis and selection of a procurement platform that will address Indirect Spend categories. However, if you do need a Strategic Procurement platform do not assume that this will also efficiently address Indirect Spend.

Eprocurement 32

Eprocurement Suppliers Data Procurement 32

Planergy

SEPTEMBER 12, 2023

Clients and results More Customers We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy. How to report and analyze indirect spend to identify savings opportunities. What is Horizontal Integration?

Supply Chain Efficiency 52

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

Empowering CPO

MAY 4, 2023

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. These practices range from embracing digital transformation to fostering a culture of collaboration and innovation.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52