Best Practices: How to Excel as a Procurement Contract Manager
Procurement Freelancers
DECEMBER 6, 2023
In an ever-evolving business landscape, where every penny saved can make a significant difference to…
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Procurement Freelancers
DECEMBER 6, 2023
In an ever-evolving business landscape, where every penny saved can make a significant difference to…
Procurement Templates
APRIL 15, 2024
They would ask various procurement managers for advice but often got a different response depending on who they ask. For context the stakeholder is asking for procurement advice set within the rules for public sector buying and a UK regulatory framework.
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Procurement Heads
MARCH 27, 2023
For Procurement Heads ‘ latest Big Interview, Lorna spoke with Gemma Burman about her procurement career. How did you get into procurement? Well, like a lot of people, I fell into procurement really. What are the roles and responsibilities the procurement function holds within Futures Housing Group?
World of Procurement blog
APRIL 24, 2024
Welcome, esteemed colleagues and burgeoning professionals, to another elucidative exploration in the world of procurement. Today, we voyage through the intricate web of procurement business processes. Delve into this rich tapestry with us, as we unravel the complexities and illuminate the path to procurement excellence.
Procurement Tactics
AUGUST 19, 2022
33 Procurement Interview Questions in 2022. Vendor Management Best Practices — The Ultimate Guide of 2022. Vendor management best practices are utilized to boost business growth and productivity. However, many organizations do not know these best practices in their industry. First Name.
World of Procurement blog
APRIL 23, 2024
In the complex tapestry of global business, the mastery of procurement contracts represents a linchpin for securing the operational excellence and strategic advantage of organizations. It is through these contracts that businesses can navigate the uncertain waters of global commerce with assuredness and accountability.
World of Procurement blog
APRIL 24, 2024
In the kaleidoscopic world of procurement, understanding the nuances between buying and procurement stands as a beacon of insight for professionals aiming to master the craft. Think of buying as the retail therapy of the business world – it’s about securing what you need, when you need it, at the best possible terms.
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.
ivalua
DECEMBER 6, 2022
Author: Hubert Verweij , Head of Procurement Transformation, Capgemini Invent Sweden and Finland. Nowadays, Procurement practitioners primarily talk about emerging topics like the reduction of scope 3 emissions, supplier-enabled innovation and supply risk management. Previously published on Capgemini’s website.
World of Procurement blog
MAY 8, 2024
What is Procurement? Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations.
SCMDOJO
APRIL 11, 2023
If you’re a supply chain management professional, you’re probably aware of how important it is to continuously improve your skills and knowledge in this field. With the ever-evolving business landscape, staying current on the latest industry trends and best practices is crucial for your success.
Spend Matters
MARCH 11, 2024
At Spend Matters, it’s as important for us to get to know the requirements and opinions of the procurement community of practitioners as it is for us to understand the world of tech solutions and their providers. So it was good to see a nice mix of both presenting at Procurement Strategies and Innovation (PSI) last week.
World of Procurement blog
MAY 10, 2024
The Promise of AI for Procurement Teams Artificial intelligence (AI) has the potential to transform and revolutionize procurement processes. By leveraging technologies like machine learning, natural language processing, and neural networks, AI-driven solutions can help procurement teams work smarter, faster, and more efficiently.
Procurement Heads
MARCH 27, 2023
For Procurement Heads ‘ latest Big Interview, Lorna spoke with Gemma Burman about her procurement career. How did you get into procurement? Well, like a lot of people, I fell into procurement really. What are the roles and responsibilities the procurement function holds within Futures Housing Group?
Skill Dynamics
OCTOBER 19, 2023
A generic approach to training is not the solution to the increasing range of challenges facing procurement teams. This means that skills enhancement across wider roles is required for procurement professionals, with a focus on role-specific learning.
The Good Spending
DECEMBER 27, 2023
How could you describe your career path in a few words? I worked in procurement for 22 years - telecom, airline, railways, public infrastructure services and consulting industries, and multiple geographies. How do you think agile practices have transformed companies over the past two years? The source link.
ivalua
APRIL 7, 2022
This year, we centered our event around the theme “Stronger Together” to celebrate the collective challenges we have overcome and how we can move forward with renewed priorities. Leader Forrester CLM for Buy-Side Contract Suites, Q4 2021. Leader Forrester Supplier Value Management Platforms, Q1 2022. NEW Payments Solution.
Skill Dynamics
OCTOBER 19, 2023
A crucial part of successful procurement strategies is the art and science of negotiation. Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract.
Arkestro
JANUARY 23, 2024
Resources / Blog / What does a Procurement Manager do? Job Description, Skills, and Qualifications What does a Procurement Manager do? Job Description, Skills, and Qualifications As firms continue to leverage technology to carry out sourcing and procurement tasks, market demand for procurement is growing.
SCMDOJO
JULY 3, 2023
In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. But how do you get started?
SCMDOJO
AUGUST 21, 2023
In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. Discover the Top 10 TikTokers reshaping how you view supply chains. Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supply chain!” That was fun, right?
SCMDOJO
OCTOBER 27, 2023
Supplier negotiation is the most critical skill in the world of procurement. Effective supplier negotiations do not limit to the best price but a mutually beneficial agreement from both the parties that can have a profound impact on the company. The following are common types of negotiation in procurement: 1.
NLPA (Next Level Purchasing Association)
SEPTEMBER 8, 2023
A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation. Automation increases efficiency and reduces errors, leading to faster and more accurate procurement cycles.
ivalua
JULY 13, 2022
Procurement Leaders Webinar. With mounting pressure for organizations to make tangible contributions to Environmental, Social, and Governance (ESG) initiatives, the procurement function must strategize to implement and report their collective efforts. Speakers: Arnaud Malardé, Ivalua | Hélène Vermont, Michelin Group.
NLPA (Next Level Purchasing Association)
APRIL 5, 2023
procurement is a critical business function that requires a unique set of skills and expertise. To succeed in this field, procurement professionals must possess a variety of competencies, ranging from negotiation and supplier management to risk assessment and financial analysis.
ivalua
SEPTEMBER 2, 2019
Peter Smith, Managing Director, Procurement Excellence Ltd. The European Banking Authority (EBA) has published new guidelines on outsourcing , a document that has wide-ranging implications for every banking organisation, and requires careful consideration by procurement leaders and functions.
NLPA (Next Level Purchasing Association)
SEPTEMBER 21, 2023
In the relentless ebb and flow of the business world, one undeniable truth emerges with crystal clarity: the power of procurement skills isn’t just a valuable asset; it’s the lifeline of a resilient and thriving business, and the clock is ticking. So, how can your company future-proof itself against these challenges?
Barkers Procurement
MAY 25, 2023
Discover the key strategies and best practices for effective tail spend management. With social and economic factors impacting inflation and with many organisations having a fundamental shift in priorities as sustainability and social responsib ility increases , there are greater challenges being placed on Procurement.
SCMDOJO
JUNE 21, 2023
SCaaS is a technology-driven approach to managing supply chains, offering comprehensive end-to-end solutions for businesses. 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.
ivalua
APRIL 5, 2023
Ivalua Spend Management Insights [ivory-search] 2023 Ivalua NOW Paris: Recap + Photos! With the same enthusiasm and innovation as always, we gathered together this year to explore a new frontier of possibilities in procurement. Our team would like to express immense gratitude to everyone who joined us in creating something special.
SCMDOJO
JULY 24, 2023
Contract Logistics is a critical aspect of the supply chain that often remains behind the scenes but plays a significant role in ensuring the efficient movement and management of goods. Read More: 6 Logistics KPIs Attributes That are Essential ] What is Contract Logistics?
ivalua
APRIL 26, 2019
The audience held up remarkably well after our after-hours tour of the Louvre the night before, with pretty much a full house again for Frank Lheureux, General Manager EMEA for the firm. The new quick deployment methodology enables clients to get best practice P2P in just 12 weeks, minimizing time to value.
Planergy
JUNE 1, 2023
Cristian Maradiaga King Ocean Book a Live Demo 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 to capture early payment discounts and avoid late payment penalties.
The Good Spending
MAY 28, 2023
Building a High-Performing Procurement Team While efficient sourcing, negotiation, and supplier management are crucial for organizational success, the strength of the procurement team is equally important. This blog post will explore how the Belbin Team Role Theory can be applied in procurement.
Empowering CPO
JUNE 26, 2023
This is where spend analysis steps in as a powerful tool to help healthcare organizations gain deep insights into their procurement activities. Introduction A. In healthcare, where budgets are tight and patient care is the top priority, effective spend analysis holds tremendous value.
Barkers Procurement
JULY 12, 2023
Find out how we can support your AMP8 ambitions Book a meeting A significant feature of Asset Management Period 8 (AMP8), which starts on 1 April 2025 and affects all English and Welsh water companies, will be a focus on tackling the water industry’s commitments to lowering their carbon footprint and driving towards net zero.
Empowering CPO
JUNE 30, 2023
Introduction Have you ever wondered how much time, effort, and money your company spends on procurement? Or how much of that could be saved with a more efficient and effective approach? Despite its critical importance, procurement often presents significant challenges for businesses. Allow us to introduce ourselves.
Una
AUGUST 17, 2022
This comprehensive guide will go over tail spend in procurement and provide resources for how to implement an effective tail spend management strategy. You’ll hear from industry experts who have been there, done that, and can share best practices for managing tail spend. Taming Tail Spend.
Planergy
NOVEMBER 1, 2022
Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. How to gain visibility and control of your indirect spend. How to report and analyze indirect spend to identify savings opportunities. Cristian Maradiaga. King Ocean. Book a Live Demo. Download Free Copy.
Empowering CPO
JULY 2, 2023
Introduction Welcome to our latest discussion on a crucial facet of business operations: Managed Procurement Services. If you’re new to the term, Managed Procurement Services refers to the outsourcing of a company’s procurement functions to a specialized firm.
Empowering CPO
JUNE 30, 2023
Introduction In the dynamic world of business, the ability to effectively manage and optimize supply chains has emerged as a critical success factor. At the heart of this revolution lies a powerful tool that many companies are now leveraging to achieve competitive advantage: Managed Procurement Services.
Empowering CPO
JULY 5, 2023
Introduction Welcome to our exploration of a fascinating convergence shaping the future of business operations: the intersection of technology and managed procurement services. Before we dive in, let’s first set the stage by discussing EmpoweringCPO, a leader in the field of managed procurement services.
The Good Spending
NOVEMBER 12, 2021
Public procurement should be about value, not just savings What matters most when we elect a public servant - a healthy society, clean and secure environment, quality education - or the savings they deliver? A view on public procurement efficiency Efficiency is operational excellence. Effectiveness is doing the right thing."
SCMDOJO
FEBRUARY 29, 2024
It is arguably true that supplier performance management is considered a business practice for measuring, analyzing, and managing supplier performance to reduce cost, and risk and also drive continuous improvement. Managing and optimizing a supplier’s performance is as essential as it is difficult.
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