Una

OCTOBER 9, 2023

How to Implement a Strategic Sourcing Process A play-by-play manual showing how to implement a strategic sourcing process that aligns with your organization’s goals, optimizes spend, and creates long-term value. At its core, strategic sourcing formalizes the process of finding, assessing, and choosing suppliers.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 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? How is Source to contract affected during a crisis? 2] Collaborative Sourcing.

Contract 52

Contract Sourcing Chief Procurement Officer Contract management 52

Spend Matters

AUGUST 16, 2023

Growing concerns over geopolitical risks and supply shortages are raising the expectations for supplier risk management. At its core, the self-governed and AI-enabled commerce experience offers companies a way to source more efficiently and cost effectively, reduces risks and boosts diversity and sustainability.

Procurement 84

Procurement Procurement team Buyers Risk 84

ivalua

APRIL 8, 2021

Solutions that unify supplier records and combine 3 rd party, supplier provided and internal data provide accurate view of supplier risk. By including sub-tier risk and enabling visualization at a category level, you can improve your risk management. This value comes from several sources.

Suppliers 130

Suppliers Risk Bidding Strategy 130

Empowering CPO

DECEMBER 3, 2020

If the supplier is offering inconsistent prices, suspiciously high prices or there is a huge difference in price of winning bid and other bids, surprisingly similar prices between bids, fewer bids for a particular market or suspicious subcontracting agreements, then it should trigger an alarm for you.

Chief Procurement Officer 52

Chief Procurement Officer Bidding Strategic sourcing Strategic sourcing 52

World of Procurement blog

APRIL 23, 2024

Supplier Management Systems: Assist in managing supplier relationships, evaluating supplier performance, and ensuring compliance. E-Sourcing Software: Facilitates online bidding and tendering processes, enabling transparent and efficient supplier selection.

supply chain software solutions 52

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

World of Procurement blog

APRIL 23, 2024

Supplier Management Systems: Assist in managing supplier relationships, evaluating supplier performance, and ensuring compliance. E-Sourcing Software: Facilitates online bidding and tendering processes, enabling transparent and efficient supplier selection.

supply chain software solutions 52

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

Arkestro

SEPTEMBER 29, 2023

Systems use this data to automate routine procurement tasks and make informed decisions about sourcing, pricing, and supplier relationships. These insights guide procurement decisions and help identify trends, patterns, and opportunities for cost reduction and strategic sourcing. Why is autonomous procurement important?

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement Supply Chain Optimization 52

Empowering CPO

FEBRUARY 20, 2023

Negotiation is one of the key steps during any Strategic Sourcing process. Procurement organizations and sourcing companies adopt different methods to negotiate prices with vendors. After receiving the responses (pre-bids) it was realized that most of the vendors did not quote for all the SKUs within one specific lot.

Strategy 52

Strategy Cost of ownership Strategic sourcing Strategic sourcing 52

Una

APRIL 23, 2024

Demand forecasting & inventory optimization Can we finally bid goodbye to overstocked warehouses and disappointed customers? Machine learning can act as a proactive risk manager, sounding the alarm on potential risks and enabling you to take preventive measures before they turn into full-blown crises.

Supply chain management 52

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

Supply Chain Collaborator

AUGUST 30, 2018

Once only utilized by the largest organizations, cloud computing has brought TMS solutions to the masses with mid-sized and even small shippers able to source and implement solutions that are affordable and effective in automating their logistics processes. Carrier contract/bid management. Risk management capabilities.

e2e 81

e2e Bidding Logistics Influencing 81

Una

NOVEMBER 29, 2023

This can include implementing a formal Supplier Relationship Management (SRM) program, sharing your strategy with key suppliers, collaborating on cost-saving initiatives, and ensuring a reliable and efficient supply chain. This may involve seeking out new suppliers, optimizing supplier portfolios, and conducting competitive bids.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supplier relationship management Strategic sourcing 52

Procurement Templates

NOVEMBER 11, 2022

Source: [link]. In-Scope Organisations should ensure that any apprenticeship and/or skills commitments contained in the bid, for example, the number of new apprenticeships the bidder commits to creating in performance of the contract, are subsequently included in contracts. • Action Note 14/15 27 August 2015 Issue.

Procurement 130

Procurement Contract Supply Chain Efficiency Bidding 130

Value Match

JUNE 27, 2022

Bid Management. Procurement teams can support the catering provision by managing their supply chain and risk management. How do you evaluate your suppliers during sourcing, and post contract, manage, monitored and review? Categories. Best Practice Guides. Case Study. Circular Economy. Community Story.

Contract 52

Contract Suppliers Procurement team Quality 52

Value Match

FEBRUARY 23, 2023

The Environmental Agency has set out it’s own risk management strategy to support the nation for flooding and coastal changes. Below are some examples: Conduct a supply chain risk assessment : Procurement teams can start by assessing the risks associated with sea level rise, including the impact on operations and infrastructure.

Procurement team 52

Procurement team supply chain software solutions Supply chain resilience Risk 52

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. 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.

Procurement 52

Procurement Supplier relationship management Procurement team Contract 52

Empowering CPO

JULY 5, 2023

Procurement, which refers to the process of finding, acquiring, and buying goods, services, or works from an external source, often via a tendering or competitive bidding process, plays a critical role in determining a company’s efficiency and profitability. But don’t just take our word for it.

Management 52

Management Procurement Real-time Visibility Ethics 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. It now plays a crucial role in cost savings, risk management, and value creation for organizations.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

SCMDOJO

DECEMBER 11, 2023

Compliance and Risk Management: Regulatory Compliance: Ensures suppliers adhere to relevant regulations and compliance standards. Risk Mitigation: Identifies and addresses potential risks associated with the supplier’s performance. Download Free Bid Analysis Report 8. goods, services, or indirect spending).

Supply Chain Efficiency 16

Supply Chain Efficiency Purchase orders Procurement Bidding 16

Spend Matters

JUNE 21, 2023

apexanalytix apexanalytix, a global supply chain risk management solution, acquired ESG Enterprise in March 2023 to solidify and cement its offering. Previously, apexanalytix already integrated with ESG Enterprise as a third-party data source. apexanalytix has extensive and very configurable risk controls which can include ESG.

Management 52

Management Supply Chain Efficiency Data Collaboration 52

Una

MARCH 6, 2024

Well, providers (including Una) often have category experts with extensive sourcing experience. By focusing specifically on these categories, they can manage more of your spending and find even greater cost savings for you. RFP Management Creating and managing those time-consuming RFPs to get bids from suppliers can be outsourced.

Procurement 52

Procurement Agile and Lean Supply Chain Purchasing Supply Chain Efficiency 52

NLPA (Next Level Purchasing Association)

DECEMBER 10, 2021

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. The sources of error in this method follow: It ignores the actual as-built schedule and events on-site. Missing information. Scope changes. Cash flow issues.

Contract 52

Contract Bidding Contract management Sourcing 52

Procurement Software

MARCH 11, 2022

Third party risk management. Contract lifecycle management. It’s therefore a fair assumption that if you remove these non-value added tasks, you will allow the Procurement Manager to deliver a third more value to the business. Competitive bidding for €10k worth of one-time spend. Supplier innovation.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Claritum

MAY 2, 2019

The following are the traditional areas associated with Procuring (Source: CIPS). Source/examine supplier options *. However, Procurement is also driving or a key player in: Environmental impact analysis (risk management). Ethical checks and assurances (risk management). Supplier Management.

Real-time Visibility 44

Real-time Visibility Procurement Purchase orders Eprocurement 44

Procurement Software

MARCH 11, 2022

Third party risk management. Contract lifecycle management. It’s therefore a fair assumption that if you remove these non-value added tasks, you will allow the Procurement Manager to deliver a third more value to the business. Competitive bidding for €10k worth of one-time spend. Supplier innovation.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

Supply Chain Game Changer

NOVEMBER 22, 2018

Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? Some of the first-hand areas from small to large organizations have been: An $8 billion global company has been placing all items for bid each year to realize cost savings. Landgraf, CEO at Above the Standard ( [link] ). What was the result?

supply chain budgeting 63

supply chain budgeting Procurement Supply Chain Efficiency supply chain software solutions 63

Empowering CPO

JUNE 22, 2023

Supplier diversity ensures a broad spectrum of suppliers, which includes businesses owned by minorities, women, veterans, and others, get a fair chance to bid for and secure contracts. Risk Management: By providing a clear view of all spend, this analysis can help identify risks associated with supplier dependency or market volatility.

Suppliers 52

Suppliers Supply Chain Efficiency supply chain budgeting Data 52

SPLC (Sustainable Purchasing Leadership Council)

MARCH 27, 2018

Tim Hopper, Responsible Sourcing Manager at Microsoft, spoke during a webcast announcing the new market research guide, saying, “Supplier sustainability ratings help us focus on what our job is, and that is to segment our suppliers and to improve their performance. Responsible Sourcing Network. Michigan State University*.

Sustainability 40

Sustainability Suppliers Supply Chain Efficiency Chief Procurement Officer 40

Procurement Tactics

OCTOBER 18, 2022

GEP Smart is a complete procurement solution with full spend analysis, sourcing, contract management, supplier management, purchasing, invoice handling, and saving track processes integrated into it. . It provides supplier relationship management tools that are designed to make the source-to-pay workflow easy.

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

Claritum

AUGUST 4, 2020

strategic suppliers, approved suppliers and competitive bids for. The following diagram shows the relationships that should exist between suppliers, users and Category Managers. larger percentage of their staff allocated to sourcing, supply base. Risk management and governance. Ensuring that policies.

Procurement 41

Procurement Procurement team Supply Chain Efficiency Purchasing 41

Empowering CPO

MAY 4, 2023

By effectively managing the purchasing process, companies can better control their expenditures and optimize their supply chain, ensuring the availability of the right products and services at the right time. Spend analysis software: Applications that analyze procurement data to identify trends, risks, and opportunities for cost reduction.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Claritum

NOVEMBER 16, 2018

Ensuring that policies are adhered to and that there is appropriate supplier selection (strategic suppliers, approved suppliers and competitive bids for example.). The following diagram shows the relationships that should exist between suppliers, users and Category Managers. Risk management and governance.

Procurement 69

Procurement Procurement team Supply Chain Efficiency Purchasing 69

Procurement Software

FEBRUARY 27, 2024

But perhaps you don’t really understand how that impacts your sourcing decision when seeking out the best procurement software for your organisation. How is ERP different to a source-to-pay suite? These systems have little procurement-related functionality beyond day-to-day transactional purchasing and tactical sourcing.

Sourcing 52

Sourcing Contract management Price Procurement 52

Procurement Software

JUNE 13, 2023

All of these, as far as our research shows, are agnostic when it comes to the type of spend which can be sourced through the platforms. Above $1 billion businesses are typically a target of established, enterprise source-to-pay and source-to-contract suites. It enables users to allocate, manage and monitor budgets.

supply chain software solutions 52

supply chain software solutions Contract management Contract Sourcing 52

Procurement Software

NOVEMBER 14, 2023

From the outside, it appears to be a bid by SAP Ariba, Coupa and other legacy Procure-to-Pay and Source-to-Contract suites to maintain their relevance. Third Party Risk Management (TPRM) and Supplier Relationship Management (SRM) software are two examples of categories which were not really covered at that time by the suites.

supply chain software solutions 52

supply chain software solutions Spend management Agile and Lean Supply Chain Risk 52

The Good Spending

AUGUST 23, 2022

This post attempts to provide the most comprehensive view on procurement value and practical methods of its realizations compared to many other web sources replicating slogans and mystifying logical and straightforward concepts. This is one of the most potent revenue generation sources in any sizable deal negotiation.

Procurement 98

Procurement supply chain budgeting Supply Chain Optimization Budget 98

Supply Chain Game Changer

JANUARY 9, 2019

Further analyzing that spend can help you determine opportunities for implementing cost savings practices like supplier consolidation, strategic sourcing , and standardization. If we buy a customized product from a single source how will you know if the price is fair? You have easy access to price data points for comparison.

Procurement 68

Procurement Purchasing Negotiation supply chain software solutions 68