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

Una

MARCH 23, 2023

Pain Points in Procurement Series Improving Time-to-Source in Procurement Improving time-to-source in procurement can lead to greater customer satisfaction, streamlined sourcing processes, and increased cost savings. Why is procurement slow?

Sourcing 98

Sourcing Procurement Procurement team Contract 98

Procurement Tactics

APRIL 17, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Government Procurement — Shifting to Sustainability Sustainable government procurement is the commitment of the government to achieve sustainability in its purchases. However, what is it?

Sustainability 201

Sustainability Procurement Negotiation Bidding 201

Procurement Templates

NOVEMBER 11, 2022

Source : UN.Org. The energy sector is the source of around three-quarters of greenhouse gas emissions today and holds the key to averting the worst effects of climate change. Replacing polluting coal, gas and oil-fired power with energy from renewable sources, such as wind or solar, would dramatically reduce carbon emissions.

Procurement 130

Procurement Bidding Contract Suppliers 130

Arkestro

SEPTEMBER 19, 2023

Resources / Blog / Autonomous Sourcing Leads to Better Procurement Outcomes Autonomous Sourcing Leads to Better Procurement Outcomes The only ubiquitous thing about sourcing and procurement in 2023 is that there is no one-size-fits-all model for success.

Sourcing 52

Sourcing supply chain budgeting Procurement Bidding 52

Supply Chain Game Changer

JUNE 23, 2021

Featuring Our 12 Best Procurement Articles! Competitive bidding results article and permission to publish here provided by James Liang at PowerRFP. Leading a competitive bidding process can be painful. While they should have a strong emphasis on increasing sales, they often under-invest in improving procurement performance.

Competitive bidding 72

Competitive bidding Bidding supply chain software solutions Supply Chain Optimization 72

Spend Matters

JUNE 19, 2023

This Spend Matters series takes a look at the state of procurement technologies in the market today and whether they meet user demands. In this article, our analyst Bertrand Maltaverne looks at Sourcing. In this article, our analyst Bertrand Maltaverne looks at Sourcing. What does a Sourcing solution do?

Sourcing 75

Sourcing Bidding Price Suppliers 75

ivalua

OCTOBER 28, 2022

There will be unique challenges public procurement teams will need to address to ensure the bill delivers on its full promise. Chief among these challenges is the need to modernize procurement processes and tools. . Total estimated infrastructure bill allocations: Source.

Bidding 130

Bidding Procurement Procurement team Procurement solutions 130

Procurement Software

SEPTEMBER 26, 2023

There is a distinct and significant different between Source-to-Contract (S2C) and Source-to-Pay (S2P). If we look at it in terms of software, there are significant differences between the features offered by Source-to-Contract software solutions vs. Source-to-Pay suites. What is Source-to-Contract?

Sourcing 59

Sourcing Contract Competitive bidding Bidding 59

Spend Matters

JUNE 19, 2023

This Spend Matters series takes a look at the state of procurement technologies in the market today and whether they meet user demands. In this article, our analyst Bertrand Maltaverne looks at Direct Materials Sourcing solutions. In this article, our analyst Bertrand Maltaverne looks at Direct Materials Sourcing solutions.

Sourcing 69

Sourcing Bidding Price Suppliers 69

Spend Matters

JUNE 19, 2023

This Spend Matters series takes a look at the state of procurement technologies in the market today and whether they meet user demands. In this article, our analyst Bertrand Maltaverne looks at sourcing optimization. In this article, our analyst Bertrand Maltaverne looks at sourcing optimization.

Sourcing 70

Sourcing Bidding Price Suppliers 70

Procurement Tactics

JANUARY 13, 2023

Procurement success in 2023 with our Strategy Course. Procurement as a Career — 7 Reasons Why You Should Choose Procurement. Procurement as a career is a fulfilling one, especially if you enjoy putting your knowledge to use in the real world. For this article, we will discuss what procurement is as a career.

Procurement 171

Procurement Chief Procurement Officer Strategic sourcing Strategic sourcing 171

Planergy

AUGUST 8, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It’s often tedious for many companies, as procurement involves identifying the right supplier and ensuring that goods and services meet organizational needs. It also requires objective evaluation measures to ensure accurate bids.

Sourcing 52

Sourcing Suppliers Procurement Bidding 52

Zycus Cognitive Procurement

JANUARY 16, 2023

You must have found yourself struggling with limited visibility into preferred or contracted suppliers, contract utilization status, budgeting issues, and multiple requirements for sourcing low dollar items or services. Challenges in Streamlining Procurement Process. Overcome the Challenges in Streamlining Procurement Process.

Sourcing 52

Sourcing Real-time Visibility Procurement Buyers 52

Una

NOVEMBER 1, 2022

Benefits of Strategic Sourcing and Best Practices. For decades, procurement professionals saw as much daylight as the basement-dwelling character Milton Waddams in Office Space. Today, however, the pandemic has shown procurement to be more than simply purchasing goods and services. Strategic sourcing best practices.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

Procurement Software

MARCH 7, 2023

Procure-to-Pay (P2P) and Source-to-Pay (S2P) are not just fancy acronyms used by consultants, procurement and finance professionals. Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. How does S2P in Procurement add more value?

Sourcing 64

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 64

ProcurePort

NOVEMBER 3, 2023

Cost savings and increased competition through real-time bidding and transparent processes. Streamlined procurement, improved supplier relationships, and data-driven decision-making for more efficient and effective sourcing. Online reverse auctions have emerged as a powerful tool in this regard.

Bidding 130

Bidding Innovation Sourcing Suppliers 130

Arkestro

MARCH 13, 2023

Resources / Case Studies / Leading Additives Manufacturer Achieves Sourcing Excellence Leading Additives Manufacturer Achieves Sourcing Excellence In the competitive chemical manufacturing category, where many of the sourced commodities are negotiated on small margins, procurement excellence is measured beyond savings.

Sourcing 52

Sourcing Bidding Procurement team Negotiation 52

ProcurePort

JUNE 9, 2021

How can you plug the value leaks in your buying channels procurement? When procurement teams are faced with outdated, cumbersome, laborious procurement systems they will more often than not cut corners in a bid to simply get things done.

Strategy 130

Strategy Procurement Bidding Procurement team 130

World of Procurement blog

APRIL 23, 2024

One critical area that often comes under scrutiny is the procurement process. Procurement isn't just about purchasing goods and services; it's a strategic function that if executed well, can significantly contribute to a company's competitive advantage. Develop Your Approach: Choose your procurement methods based on analysis.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

World of Procurement blog

APRIL 23, 2024

One critical area that often comes under scrutiny is the procurement process. Procurement isn't just about purchasing goods and services; it's a strategic function that if executed well, can significantly contribute to a company's competitive advantage. Develop Your Approach: Choose your procurement methods based on analysis.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Procurement Tactics

JULY 14, 2022

33 Procurement Interview Questions in 2022. Procurement Tender — The Ultimate Guide of 2022. Procurement tender is very important for the company to carefully select their supplier. For this article, we will discuss everything about the procurement tender. What is Procurement Tender? First Name. Download Free PDF.

Procurement 130

Procurement Bidding Supply Chain Efficiency Contract 130

Procurement Tactics

JULY 13, 2022

33 Procurement Interview Questions in 2022. Procurement Function — Everything a Procurement Professional Should Know. The procurement function is one of the keys for a business to succeed. Due to this, it has shed a light on the importance of procurement functions. . Procurement Today. Procurement Function

Procurement 130

Procurement supply chain budgeting Negotiation Contract 130

The Procuretech Podcast

SEPTEMBER 8, 2020

E-sourcing tools have been around since the late 1990s, and have been pretty mainstream for the past 15 or so years (I used them myself way back in 2003)! There are a lot of cool apps out there that are disrupting the old-school world of procurement.

Bidding 40

Bidding Sourcing Budget Innovation 40

Procurement Tactics

NOVEMBER 14, 2022

33 Procurement Interview Questions in 2022. A Request for information (RFI) is a method of gathering information from multiple suppliers before the procurement manager starts to source products or services. . Once the data has been collated, the procurement manager will assess and start discussing with the suppliers.

Bidding 178

Bidding Suppliers Procurement Influencing 178

World of Procurement blog

APRIL 23, 2024

Procurement plays a critical role in the operational efficiency and financial health of an organization. Here are 10 procurement best practices that every organization should know: 1. Define Clear Procurement Policies Establishing clear, comprehensive procurement policies is foundational.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement Strategic sourcing 52

World of Procurement blog

APRIL 23, 2024

Procurement plays a critical role in the operational efficiency and financial health of an organization. Here are 10 procurement best practices that every organization should know: 1. Define Clear Procurement Policies Establishing clear, comprehensive procurement policies is foundational.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement Strategic sourcing 52

Procurement Tactics

JULY 21, 2022

33 Procurement Interview Questions in 2022. Procurement Portal — The Ultimate Guide of 2022. Many professionals encounter procurement portals through e-procurement. For this article, we will tackle what procurement portals are. For this article, we will tackle what procurement portals are. First Name.

Procurement 147

Procurement Procurement solutions Competitive bidding Bidding 147

Supply Chain Game Changer

APRIL 28, 2020

In many cases the use of single sourcing, or sole sourcing, Procurement strategies has limited the ability for Supply Chains to access alternate sources of supply and more rapidly support higher than normal demand levels. What is Single Sourcing or Sole Sourcing?

Sourcing 82

Sourcing Bidding Supply chain Suppliers 82

Procurement Software

DECEMBER 5, 2022

Procure-to-Pay (P2P) and Source-to-Pay (S2P) are not just fancy acronyms used by consultants, procurement and finance professionals. Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. What is P2P in Procurement?

Sourcing 52

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 52

Procurement Tactics

AUGUST 30, 2022

33 Procurement Interview Questions in 2022. E-Procurement — Everything You Should Know. E-procurement has been adopted by many organizations as it simplifies the process of procurement. For this article, we will discuss what e-procurement is all about. We will also show you the steps of e-procurement. .

Procurement 130

Procurement Supply Chain Efficiency Purchasing Suppliers 130

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

Procurement Tactics

OCTOBER 12, 2022

33 Procurement Interview Questions in 2022. A construction request for proposal (RFP) is a document that is used by organizations to get details for accomplishing their goals from potential suppliers and helps to source the best contractor to create the drawing boards. . First Name. Download Free Whitepaper ?. ?.

Bidding 177

Bidding Negotiation Collaboration Procurement 177

World of Procurement blog

APRIL 23, 2024

In today's competitive business environment, procurement isn't just a necessity; it's a strategic function that can significantly influence a company’s bottom line. Technology has transformed procurement operations from a complex, manual process into an automated, streamlined function that enhances decision-making and transparency.

Procurement 52

Procurement Supply Chain Efficiency Real-time Visibility Purchase orders 52

Spend Matters

JUNE 19, 2023

This Spend Matters series takes a look at the state of procurement technologies in the market today and whether they meet user demands. In this article, our analysts Xavier Olivera, Bertrand Maltaverne and Nikhil Gaur look at source-to-contract (S2C) solutions. What does a Source-to-Contract solution do?

Contract 67

Contract Sourcing Suppliers Quality 67

Procurement Templates

NOVEMBER 11, 2022

Source: [link]. Public procurement of contracts with a full life value of £10 million and above and duration of 12 months and above should be used to support skills development and delivery of the apprenticeship commitment. Action Note 14/15 27 August 2015 Issue. Further Guidance 12.Material

Procurement 130

Procurement Contract Supply Chain Efficiency Bidding 130

Pipefy

FEBRUARY 13, 2023

A company’s procurement department is driven by various processes and teams, including purchasing and accounts payable. One of the tactical processes leveraged to realize strategic goals is the source-to-pay process. Build better workflows with the Definitive Guide to Workflow Management Download now What is the source-to-pay process?

Sourcing 52

Sourcing e2e Purchase orders Bidding 52