SCMDOJO

FEBRUARY 13, 2023

Supplier relationship management: Procurement manages relationships with suppliers to ensure coordination and effective workflow. Contract development: The team develops and establishes contracts with supplier organizations to meet the buyer organization’s requirements and needs. Review requests for proposals (RFPs).

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

Procurement Software

MARCH 11, 2022

Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. And yet, poor operational efficiency in Procurement means that the typical Category Manager often spends at least a THIRD of their time performing “busy work” This is not an effective or efficient use of their time.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

Procurement Heads

MARCH 27, 2023

We’re a centralised indirects procurement team with category management being introduced where it can in order to support the parts of the business where we need subject specialism. New procurement regulations for those of us in the public sector are going to be affecting both buyers and suppliers.

Sustainability 130

Sustainability Agile and Lean Supply Chain Influencing Procurement 130

World of Procurement blog

JULY 27, 2021

Hopefully they are using some awesome Procurement Software to manage this sourcing stage. A lot of Procurement Teams get stuck in the trap of creating jargon filled requirements that cause confusion and complexity within the bidding supplier teams. Well, the best teams do this. That sucks! Don’t fall foul of this.

Procurement 52

Procurement Procurement team supply chain budgeting Contract management 52

Una

JUNE 15, 2023

The CPO is supported by strategic sourcing managers, category managers, buyers, analysts, contract managers, a compliance officer, an SRM manager, and others as new roles emerge. If you start here and get this right, this provider could even help manage the rest of your procurement outsourcing for you.

Procurement 52

Procurement Supplier relationship management Procurement team Contract 52

Procurement Software

MARCH 11, 2022

Implement a competitive bidding policy. Having a threshold for competitive bidding facilitates two possible benefits. If a Category Manager is spending 2 hours negotiating a few hundred dollars saving, the opportunity cost of that time being spent on a more productive task is significant. There are 2 issues here.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

Implement a competitive bidding policy. Having a threshold for competitive bidding facilitates two possible benefits. If a Category Manager is spending 2 hours negotiating a few hundred dollars saving, the opportunity cost of that time being spent on a more productive task is significant. There are 2 issues here.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Empowering CPO

JUNE 14, 2023

At its core, procurement is the process of finding, agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. Category Management – Category management is a strategic approach that treats each category of spend as a separate business unit.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

SCMDOJO

APRIL 3, 2022

Digital bidding, or eAuctions, are a more efficient way of negotiating with vendors in the international market. The highest bid might contribute to greater commerce because most customers will go to their current vendors for ‘non-core’ commodities. Numerous talks used to be done in person, via email, or by phones.

Supply Chain Efficiency 139

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 139

Claritum

FEBRUARY 24, 2020

4: Table of the key differences between Project and Category based procurement. The following table outlines some of the key differences between Project and Category based procurement processes. Category Management Project Procurement Focus Focus is on purchase demand and consolidation. 8: Associated articles.

Procurement 32

Procurement Purchasing Suppliers Sourcing 32

Claritum

OCTOBER 12, 2018

The Category Manager needs to become more integrated into key business processes and more consultative in nature. For example in the Retail Sector, The Category Manager is moving to be an “In-store expert” in the visual merchandising, pricing, management, and sales of a certain group or type of products and not just a buyer.

Procurement 47

Procurement Eprocurement Category management Purchasing 47

The Procuretech Podcast

OCTOBER 5, 2021

Finding a more productive use of buyers' time when it comes to the huge operational workload of dealing with non-strategic spend will no doubt be high on the wish list. These roles will be rather different from the category manager roles of today. Tactical vs. tail spend? What typical policies exist for non-strategic spend?

Competitive bidding 40

Competitive bidding Bidding Buyers Procurement 40

Arkestro

MAY 7, 2024

To date, Dover Chemical has completed 1,000 projects within the Arkestro platform, averages two bids per day, and 95% of all spend goes through Arkestro. All that data needed to be analyzed and scrubbed, and manual data entry tasks associated with it needed to be eliminated.

Procurement 52

Procurement Data Raw materials Price 52

Procurement Software

JULY 4, 2023

RPA will over time take away a lot of the need for operational buyers and purchase admin roles. One of the best use case studies for ML in procurement is through it being able to autonomously source and negotiate simple, straightforward “three-bids-and-a-buy” type of purchases for non-strategic, non-complex tail spend items.

Supply Chain Efficiency 52

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