Una

FEBRUARY 6, 2023

How to Get Your CEO to Care About Procurement Learn how to get your CEO to care about procurement by engaging the C-Suite to help increase the function’s impact and value. By default, this means that CEOs spend just one percent of their time thinking about the procurement function as a whole.

Procurement 98

Procurement Budget Supplier relationship management Suppliers 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. Learn how to engage stakeholders early to amplify the value procurement brings to the table. Can you save my house, please?” No,” he snorts. “We

Procurement 98

Procurement Real-time Visibility Purchasing Risk 98

Una

APRIL 13, 2023

Pain Points in Procurement Series Moving Supplier Relationships from Transactional to Strategic Tips for shifting your supplier relationships from transactional to strategic in an effort produce more cost-saving ideas and value. Transactional versus strategic supplier relationships See the difference?

Suppliers 98

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

The Good Spending

MARCH 10, 2023

Three years ago, I wrote in " The Technology Procurement Handbook ": "Three horsemen of Apocalypse – decentralization, automation, and outsourcing – entered the realms of procurement and conquered the transactional and presentation layer. My message was that procurement needs to transform in line with Industry 4.0

Procurement 52

Procurement Category management Influencing Budget 52

Procurement Software

MARCH 12, 2024

AI in procurement – especially generative AI – is going through the hype phase at the moment. I suspect there will be a lot of challenges from information security (IS) and legal departments. I suspect there will be a lot of challenges from information security (IS) and legal departments. But make no mistake.

Procurement 52

Procurement Category management supply chain software solutions Data 52

Una

MARCH 6, 2023

9 Innovative Purchasing Concepts for Procurement Implement various innovative purchasing concepts to ditch the old-school way of doing things and bring your procurement function up to speed. Below, we explore nine different innovative purchasing concepts to help you start thinking outside of the box.

Innovation 98

Innovation Purchasing Agile and Lean Supply Chain Supplier relationship management 98

Una

SEPTEMBER 26, 2023

By Hugo Britt | September 26, 2023 Search Search Picture this: a heated argument, doors slamming, and harsh words exchanged — sounds like a scene from a dramatic episode of Friends , doesn’t it? Miscommunication: Remember when Ross thought he and Rachel were on a break, but Rachel had a different perspective?

Suppliers 52

Suppliers Supply Chain Efficiency Negotiation Supply chain 52

Procurement Software

JANUARY 16, 2024

Could more visionary procurement leaders be the cure for procurement teams not getting the recognition they deserve? It’s time to start replacing the technocratic, process-obsessed procurement teams. We must usher in a more visionary and value-focused group of procurement leaders and CPOs. The Status Quo has got to GO!

Procurement 52

Procurement Procurement team supply chain budgeting Budget 52

Empowering CPO

JULY 17, 2023

Introduction Brief Explanation of the Role of Procurement in Businesses Procurement is the lifeblood of any business, large or small. From securing raw materials to procuring top-tier services, these purchases directly impact a company’s efficiency, productivity, and bottom line.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Supply Chain Optimization 52

Planergy

JULY 21, 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 Services Procurement?

Management 52

Management Procurement supply chain budgeting Budget 52

Una

MAY 2, 2023

When Should My Small Business Create a Procurement Function? Tips for small business owners on how to implement a procurement function as your organization scales – and before it’s too late. Because in our experience, small business owners inevitably reach for the procurement lever waaaaay too late. says Chandhrika.

supply chain software solutions 78

supply chain software solutions Procurement Risk Sourcing 78

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. What is Pareto Analysis?

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

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. What is Marketing Procurement?

Procurement 52

Procurement Raw materials supply chain budgeting supply chain software solutions 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

Empowering CPO

JUNE 27, 2023

A robust spend analysis provides a comprehensive view of your company’s expenditures, helping you identify savings opportunities, enhance efficiency, and ultimately, fuel business growth. This includes all expenditure data from different sources across an organization, such as invoices, purchase orders, and credit card transactions.

Real-time Visibility 52

Real-time Visibility Supply Chain Optimization Purchase orders Supply Chain Efficiency 52

Procurement Software

FEBRUARY 7, 2023

For this week’s opinion piece on a recent procurement related article, I’m going to dig into a piece from Procurement Magazine, with the title “Procurement and the big reset in Business Travel and Expense”. How can procurement technology drive cost savings in business travel?

Procurement 59

Procurement Supplier relationship management Project management Collaboration 59

Una

JULY 6, 2022

A guide to exploring the benefits of working with a group purchasing organization to save money, time and effort. Savings and beyond. We understand saving money is crucial. As a true sourcing accelerator , our goal is to become an extension of your procurement team. Cost Savings. Supply Chain Management.

Purchasing 92

Purchasing Category management Real-time Visibility Supply Chain Efficiency 92

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. At EmpoweringCPO, we believe in the power of smart procurement to drive business success.

Risk management 40

Risk management Risk Suppliers Management 40

The Good Spending

NOVEMBER 5, 2021

Procurement is on the journey from cost-cutting to value delivery Naturally, Procurement started in the lowest cost arena, where the cheapest bid wins. As we evolved from the transactional cost-cutting tool to a more strategic role, we realized that the cost is just an element of the complex equation.

Procurement 52

Procurement Bidding Supply Chain Efficiency Contract 52

Una

SEPTEMBER 27, 2022

Five Ways to Save on Your Company’s IT Costs. How to Save on IT Costs. As you chug another pumpkin spiced-whatever and stare at your budget spreadsheet, here are five steps you can take to cut down your IT spending , impress your CEO, and make your argument to get an Aiko. By Eric Edwards | September 27, 2022.

Budget 97

Budget Inventory Contract Purchasing 97

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

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

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

Procurement Software

MAY 30, 2023

Procurement continues to grow in stature. It is now generally seen as being a more strategic function than it historically has been. With this, the question of indirect procurement maturity must be tackled. This article will tackle 7 fundamental yardsticks to help you quickly assess how mature your indirect procurement team is.

Procurement 52

Procurement Procurement team Purchase orders Contract 52

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

Supply Chain Game Changer

NOVEMBER 17, 2018

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Check out Indirect Procurement – It’s Time to Rise and Shine! 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.

Procurement 62

Procurement Contract Purchasing Supply chain 62

Planergy

JULY 14, 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.

Purchasing 52

Purchasing Purchase orders Strategic sourcing Strategic sourcing 52

Supply Chain Game Changer

JANUARY 9, 2019

Article and permission to publish here provided by Nikita S at [link]. Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. Check out this list of 25 Procurement and Purchasing questions and answers. One of those other techniques is using a “should cost model.”.

Procurement 68

Procurement Purchasing Negotiation supply chain software solutions 68

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

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

Procurement Tactics

JULY 11, 2022

33 Procurement Interview Questions in 2022. Procurement Case Studies – 10 Insightful Examples. For this article, we will check ten negotiation and procurement case studies that can give you insight into how to negotiate with the other party. What can we learn from it? First Name. Download Free PDF.

Negotiation 130

Negotiation Procurement Bidding Ethics 130

Supply Chain Game Changer

NOVEMBER 22, 2018

Check out What is Virtual Procurement and Why Should You Care? Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? Secondarily, we will include information from other procurement professionals and procurement firms about their experiences, what they forecast, and what they are seeing.

supply chain budgeting 63

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

Empowering CPO

JUNE 20, 2023

It’s no longer just about procuring goods and services at the lowest possible cost, but it also involves nurturing strategic relationships, managing risks, and ensuring performance and quality. Yet, managing vendors can be a challenging endeavor.

Vendor management 40

Vendor management Vendor relationships Management Supply Chain Efficiency 40

Supply Chain Game Changer

SEPTEMBER 14, 2022

If the matching error requires a manual investigation, this is the time taken away from your staff’s other work. Duplicate payments can also come from human errors like not marking invoices as paid. Savings and Improved ROI. There are costs that come from manual accounts payable processes. Payment before delivery.

Real-time Visibility 86

Real-time Visibility Purchase orders supply chain software solutions Supply Chain Optimization 86

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

World of Procurement blog

AUGUST 10, 2021

When you need to go out to the market to meet your requirement as a procurement pro , how do you do this? You may know exactly what you want to buy as part of your procurement process. You, as a Procurement Pro really need to know what the end goal is before you choose to go for one of these - RFI, RFQ or RFP.

Procurement 52

Procurement Suppliers supply chain software solutions Price 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