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.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

ivalua

FEBRUARY 27, 2023

Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

ivalua

JULY 11, 2022

New release features AI-powered contract management, more seamless messaging and communications, supplier risk and performance enhancements and procure-to-pay efficiency . AI-powered contract management. On the AI front, Ivalua enhanced its leading CLM solution with AI-Powered Contract Data Capture.

Supply chain resilience 130

Supply chain resilience Collaboration Supply Chain Efficiency supply chain budgeting 130

Skill Dynamics

AUGUST 4, 2022

Ensuring efficiency in your procurement process has a positive chain reaction within your entire organization. The objectives of a world-class procurement organization are far beyond the traditional belief that procurement’s primary role is to obtain goods and services in response to internal needs.

Procurement 52

Procurement Bidding Negotiation Contract management 52

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?

Sustainability 246

Sustainability Agile and Lean Supply Chain Influencing Procurement 246

ivalua

FEBRUARY 10, 2023

Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy.

Price 264

Price Strategy Sourcing Real-time Visibility 264

ivalua

JUNE 11, 2019

If you live in a city, state or country, which everybody does, your life and the lives of your family and friends is impacted directly by Procurement. No, I’m not referring to the Procurement department of your company (although, if Ivalua has anything to do about it, there are lots of interesting things happening there too).

Procurement 169

Procurement Real-time Visibility e2e Competitive bidding 169

World of Procurement blog

JULY 27, 2021

What is Procurement? Procurement is more than buying goods and services. The definition of Procurement is “the process or act of procuring”. Whilst Procurement can often be carried out via a purchase, it is more than just purchasing. Procurement is a vital part of Supply Chain Management. That sucks!

Procurement 52

Procurement Procurement team supply chain budgeting Contract management 52

Bonfire

APRIL 3, 2023

Enterprise Resource Planning (ERP) systems have become an essential tool for complex organizations, but when it comes to procurement in the public sector, they aren’t enough. Procurement software offers a one-stop solution that covers the whole range of contract management challenges.

Eprocurement 52

Eprocurement Bidding Strategic sourcing Strategic sourcing 52

Procurement Heads

JUNE 6, 2023

Darron: I am Director of Orbis Procurement, which is a partnership of three local authorities, and as such am Director of Procurement for Surrey County Council, East Sussex County Council and Brighton and Hove City Council. I have been in procurement way too long, I stopped counting after 25 years!

Contract management 130

Contract management Contract Supply Chain Efficiency Procurement 130

ivalua

OCTOBER 29, 2019

If they needed contract management, they put a contract management system in place. If they needed an ERP system or a workforce management system, they would define their requirements and either select a system to implement or build their own. . Frankly, they are struggling.

e2e 145

e2e Bidding Contract management Contract 145

Zycus Cognitive Procurement

FEBRUARY 8, 2022

Need for Artificial intelligence in Procurement. As Procurement leaders plan their 2022 Savings targets, they are exploring new ways to unlock the full potential of their operations and realize its true value. So how does AI help solve the procurement puzzle ? . let’s go through some use cases-. 1 ) AI-Assisted Sourcing.

Real-time Visibility 40

Real-time Visibility Procurement Contract management Bidding 40

SCMDOJO

FEBRUARY 13, 2023

The procurement department is an integral part of any organization, playing a crucial role in the purchasing process. This department manages the selection, acquisition, and payment of goods and services needed to run a business. It also involves staying informed about company expenses and credit card usage policies.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

Una

JUNE 15, 2023

10 Procurement Outsourcing Services Explore ten procurement outsourcing services available to help your sourcing function save more money, time, and effort. By Hugo Britt | June 15, 2023 Search Search The procurement office of Company A is a bustling place. Company B’s procurement team looks very different.

Procurement 52

Procurement Supplier relationship management Procurement team Contract 52

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?

Sustainability 130

Sustainability Agile and Lean Supply Chain Influencing Procurement 130

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? Do not worry!

Cost of ownership 79

Cost of ownership Procurement Category management supply chain software solutions 79

Empowering CPO

JUNE 14, 2023

Brief Overview of Procurement Welcome to our deep dive into the world of procurement. But before we venture into the depths of innovation in this field, let’s first establish what procurement really is. This is especially true in procurement, where the landscape is rapidly evolving. Introduction A.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Procurement Templates

MARCH 3, 2024

Check out my other page on s trategic sourcing A procurement assessment of needs is a systematic evaluation conducted by organizations to determine their requirements for goods, services, or works. This assessment aims to identify what the organization needs to procure to fulfill its objectives effectively and efficiently.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Barkers Procurement

MARCH 23, 2022

Using our metering procurement specialist, Barkers worked with OVO Energy to successfully appoint a new service provider for these services. OVO Energy required support and commercial advice to help them develop their new metering strategy and requirements and manage the procurement process through to contract award.

Contract management 52

Contract management Contract Market knowledge Negotiation 52

Procurement Software

MARCH 11, 2022

Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. Typically, the value that a procurement professional contributes to a business can usually be measured either in: Hard cost savings, or; Other, less tangible but equally important forms of value: Cost avoidance.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Bonfire

SEPTEMBER 1, 2022

Getting together to share knowledge and experiences while tackling new challenges is something so fundamental to public procurement and we love to see the collaboration and passion for the profession at these events. At the Bonfire booth, we had the pleasure of speaking with hundreds of attendees from all sides of public procurement.

Bidding 52

Bidding Procurement team Procurement Contract management 52

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

Supply Chain Efficiency 16

Supply Chain Efficiency Purchase orders Procurement Bidding 16

Procurement Heads

JUNE 14, 2023

For Procurement Heads ‘ latest CPO Spotlight, he spoke with Dan Goodson about how he got into procurement & what he’s doing to improve diversity. How did you get into procurement? I have done various roles throughout that time in project management, commercial, finance, strategy, and then latterly in procurement.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Networking Supply Chain Efficiency Innovation 130

Procurement Software

MARCH 11, 2022

Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. Typically, the value that a procurement professional contributes to a business can usually be measured either in: Hard cost savings, or; Other, less tangible but equally important forms of value: Cost avoidance.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

HICX

DECEMBER 15, 2022

For this episode of the Supplier Experience Live Podcast, we were joined by David Yarkin , Founder and CEO of Procurated , and a former CPO. David is a procurement practitioner who has spent nearly twenty years working in a number of organizations both in the public and private sectors. Digital transformation in procurement.

Procurement 52

Procurement supply chain software solutions Real-time Visibility Suppliers 52

Value Match

JUNE 27, 2022

Bid Management. Contract for Change. Procurement Best Practice. Procurement Policy Notes. Procurement Policy Notes. Procurement Strategy. Responsible Organisational Management. Procurement teams can support the catering provision by managing their supply chain and risk management.

Contract 52

Contract Suppliers Procurement team Quality 52

Zycus Cognitive Procurement

JANUARY 12, 2021

What is Source to contract? Source to contract (S2C) refers to the set of procurement processes that come into play while sourcing a product or service. How is Source to contract affected during a crisis? When sourcing leaders, procurement professionals, and suppliers come together, they make sourcing collaborative.

Contract 52

Contract Sourcing Chief Procurement Officer Contract management 52

Supply Chain Game Changer

NOVEMBER 24, 2018

Then you need Virtual Procurement! We are too small and can’t afford to hire a full-time procurement person. We are busy and just don’t have the time to focus on procurement.”. “We These companies redoubled their efforts, looked hard at their expenses and called upon their procurement organizations for help.

Procurement 51

Procurement supply chain budgeting Contract Competitive bidding 51

Value Match

JULY 28, 2022

Bid Management. Contract for Change. Procurement Best Practice. Procurement Policy Notes. Procurement Policy Notes. Procurement Strategy. Responsible Organisational Management. Best Practice Guides. Case Study. Circular Economy. Community Story. Environment and Climate. Equality and Inclusion.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Supply Contract 52

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

NLPA (Next Level Purchasing Association)

DECEMBER 10, 2021

Below is a list of common delay causes encountered on construction projects: Errors and omissions in the contract documents. Not having a phasing plan in the bid documents when the site work has to be done in phases. Lack of proper planning and management of the project. Poor bidding. Mastering Procurement Tactics.

Contract 52

Contract Bidding Contract management Sourcing 52

Una

OCTOBER 9, 2023

DOWNLOAD PLAYBOOK Table of Contents Introduction In procurement and supply chain, staying ahead of the game is not just a goal – it’s a necessity. Strategic sourcing has become a pivotal approach to procurement, offering a pathway to significant cost savings , enhanced supplier relationships, and optimized sourcing practices.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Heads

JULY 26, 2023

For Procurement Heads’ latest Big Interview, Andrew spoke with Gemma Burman about his career and the challenges he faces within his role. How did you get into procurement? Using my transferable skills from my civil and merchant background, I helped develop a procurement team for his private company.

Contract management 130

Contract management Contract Supply Chain Efficiency Price 130

Claritum

MAY 11, 2018

Claritum Article - Procurement Blog. If your organisation struggles with supply chain visibility you are not alone, according to Deloitte’s survey of Chief Procurement Officers, 65% of CPO’s have limited or no visibility beyond their Tier 1 suppliers. of procurement leaders have limited or no visibility beyond their Tier 1 suppliers.

Global sourcing 32

Global sourcing Sourcing Chief Procurement Officer Real-time Visibility 32

Spend Matters

JUNE 21, 2023

Read our previous coverage here: Carbon Management (Part 1): TechMatch launch, participating vendors and overall results Carbon Management (Part 2): Overview of solutions and strengths/weaknesses But, before going into the details of the update, let’s look at the current state of Carbon Management in procurement and supply chain management.

Management 52

Management Supply Chain Efficiency Data Collaboration 52

Arkestro

JANUARY 9, 2024

Resources / Blog / 4 Key Trends Reshaping Manufacturing Procurement in 2024 4 Key Trends Reshaping Manufacturing Procurement in 2024 The dust is settling after the upheaval of the pandemic, yet the manufacturing industry remains forever changed. Sustainable bidding.

supply chain budgeting 52

supply chain budgeting Supply chain resilience Procurement Supply Chain Optimization 52

Pipefy

JANUARY 31, 2023

A Administrator A business professional who oversees the ongoing management of the purchase order (PO) or contract, confirming that both the organization and suppliers adhere to the contract’s terms and conditions. Sealed bids are used most often when the determining criteria is lowest price.

Procurement 52

Procurement Bidding Supply Chain Efficiency supply chain software solutions 52