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 Templates

JANUARY 17, 2024

Procurement processes in the USA and the UK share some similarities, but there are also key differences due to variations in legal frameworks, regulations, and cultural practices. Federal procurement is largely governed by the Federal Acquisition Regulation (FAR), which provides guidelines for government contracts.

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Procurement supply chain budgeting Export Competitive bidding 130

Una

APRIL 23, 2024

How Machine Learning is Transforming Supply Chain Management Machine learning applied to supply chain management allows businesses to enhance decision-making and streamline operations. Machine learning, a subset of AI, has emerged as a game-changer in the world of supply chain management.

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Supply chain management Supply chain management Supply Chain Optimization Supply Chain Efficiency 52

Arkestro

SEPTEMBER 29, 2023

By 2026, the procurement analytics market is predicted to grow at a compound annual growth rate (CAGR) of nearly 20% , equating to $8.36 This is largely driven by technological innovations shaking up the industry, with autonomous procurement at the helm. What is autonomous procurement? Why is autonomous procurement important?

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement Supply Chain Optimization 52

Procurement Tactics

APRIL 25, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Procurement Fair Operating Practices Sustainable procurement fair operating practices allow companies to give their employees a safe working environment. Don’t worry, we got you!

Sustainability 168

Sustainability Procurement Ethics Supply Chain Efficiency 168

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.

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Procurement Supply Chain Efficiency Real-time Visibility Purchase orders 52

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 . Procure-to-Pay. Automated Bid & Buy: Empower users to conduct simple and automated spot bids from within a purchase requisition.

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Supply chain resilience Collaboration Supply Chain Efficiency supply chain budgeting 130

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.

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Procurement Bidding Supply Chain Efficiency Contract 130

Procurement Templates

NOVEMBER 11, 2022

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. Timing The provisions of this Action Note will take effect for procurements advertised on or after 1 September 2015.

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Procurement Contract Supply Chain Efficiency Bidding 130

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.

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Procurement Procurement solutions Competitive bidding Bidding 147

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.

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Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 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.

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

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. .

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Procurement Supply Chain Efficiency Purchasing Suppliers 130

SCMDOJO

APRIL 3, 2022

Procurement specialists can use eAuctions to engage and negotiate with more vendors utilizing an organized approach which thus eliminates any need for cumbersome one-on-one meetings. Throughout a genuine and collaborative cooperation with business vendors, they produce innovative approaches to current procurement difficulties.

Supply Chain Efficiency 138

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 138

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. The global pandemic and the ongoing war between Russia and Ukraine have disrupted the supply chain. Procurement Today.

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Procurement supply chain budgeting Negotiation Contract 130

Arkestro

FEBRUARY 6, 2024

Resources / Blog / How Predictive Procurement Orchestration Helps Unlock Savings in 60 Days How Predictive Procurement Orchestration Helps Unlock Savings in 60 Days What if you could implement a procurement platform that was so easy to use, your team could be up and running after just one hour of training?

Competitive bidding 52

Competitive bidding Procurement Real-time Visibility Supply Chain Efficiency 52

Arkestro

AUGUST 22, 2023

Resources / Blog / The Power of Predictive Procurement Orchestration for Food & Beverage Supply Chain The Power of Predictive Procurement Orchestration for Food & Beverage Supply Chain Food and beverage procurement professionals have had their work cut out for them during the last few years.

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Food and Beverage Supply Chain supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 52

Pipefy

JANUARY 31, 2023

Successful procurement administrators review supplier performance, process change orders, and make price adjustments on a daily basis in order to maintain an intimate knowledge of contract requirements. They also maintain strong business relationships, communicating good advice and procurement authority to suppliers.

Procurement 52

Procurement Bidding Supply Chain Efficiency supply chain software solutions 52

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 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Una

MAY 18, 2023

Procurement Fraud: Understanding, Mitigating, and Monitoring the Risks Understanding the nature of procurement fraud, why it poses a strong risk in procurement, and ways to mitigate the consequences. Procurement fraud is a significant risk that can have severe consequences for organizations.

Risk 98

Risk Procurement Bidding Suppliers 98

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.

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supply chain budgeting Supply chain resilience Procurement Supply Chain Optimization 52

Arkestro

MARCH 13, 2023

It turned to Arkestro Predictive Procurement software. Arkestro empowers us to automate and accelerate the bidding process, speeding delivery of preferred supplier agreements to different businesses.” FRANK BATTINO – Director of Procurement & Logistics Services The Challenge Operational silos across disparate locations.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Procurement Bidding 52

Procurement Tactics

OCTOBER 18, 2022

33 Procurement Interview Questions in 2022. Supplier relationship management software is a very important factor for procurement managers to strengthen their relationship with their suppliers. Thus, enabling them to make smarter decisions regarding procurement strategies. . First Name. Download Free Whitepaper ?. ?.

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Supplier relationship management supply chain software solutions Suppliers Management 181

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

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

Value Match

JULY 28, 2022

Bid Management. Procurement Best Practice. Procurement Policy Notes. Procurement Policy Notes. Procurement Strategy. In 2019, there were reportedly 74,155 fires in The Amazon rainforest (supplies 20% of earth oxygen). Minimise current impact and shape future supply chains responsibly.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Supply Contract 52

Una

NOVEMBER 14, 2022

Five Predictions for the Future of Procurement. As we move further and further from the effects of a global pandemic, procurement will not revisit the “good old days” of the mid-2010s. COVID permanently changed the procurement game. Did the pandemic already write procurement’s future? By Eric Edwards | November 15, 2022.

Procurement 98

Procurement Agile and Lean Supply Chain Supply Chain Efficiency Procurement team 98

SCMDOJO

NOVEMBER 2, 2023

Effective supply chain management is essential for success in the dynamism and connectivity of modern companies. To accomplish this, you require the skills of supply chain experts who can manage the complexity and difficulties of today’s global supply chains. They come from a variety of backgrounds.

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Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 59

Supply Chain Game Changer

SEPTEMBER 22, 2022

Subscribe to Supply Chain Game Changer. The Reality of Automation in Procurement! All of these are the challenges of working in procurement, necessitating an automated procurement system. But procurement is one of the most integral parts of running an operation. Understanding The Procurement Process.

supply chain budgeting 101

supply chain budgeting Real-time Visibility supply chain software solutions Procurement 101

Barkers Procurement

AUGUST 10, 2023

Why Diversifying Your Supply Chain Is So Important The Power of Diversifying Your Supply Chain – You don’t need us to tell you how essential supply chains are. Managing a supply chain involves working with a network of suppliers who are all connected via a centralised supply chain management process.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Supply 52

Procurement Software

JULY 4, 2023

Digital procurement tools offer buying teams a once-in-a-generation opportunity. What is digital procurement? Digital procurement is a process where technology is used to streamline the procurement process, both operational and strategic. What is procurement tech? What technologies power digital procurement tools?

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement supply chain budgeting 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

DECEMBER 14, 2020

The pandemic wreaked havoc on businesses and their supply chains, but even in these trying times, there’s a silver lining. The job of sourcing professionals is to understand the risk in the supply chain and manage it so they can react quickly when a problem occurs.” But cost reduction is no longer sufficient.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Procurement 130

Arkestro

SEPTEMBER 7, 2023

Automotive Accelerate your auto supply chain efficiency with Arkestro Get in touch Our solutions Rev up your procurement impact with PPO Predictive Procurement Orchestration (PPO) is transforming the way automotive companies find the right supplier, at the right price, at the right time. Let’s talk.

Bidding 52

Bidding Supply Chain Optimization Supply Chain Efficiency Price 52

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?

Procurement 52

Procurement Supply Chain Optimization Supply Chain Efficiency Purchasing 52

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.

Cost of ownership 78

Cost of ownership Procurement Category management supply chain software solutions 78

Procurement Tactics

JUNE 7, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Purchase Price Variance — Everything You Should Know Purchase price variance is an important factor for budget preparation, but why? Why is it Important?

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