Una

MAY 11, 2023

Building a Procurement Function From Scratch With the right approach, building a procurement function from scratch can create streamlined and efficient processes that deliver real value to your organization. The company has never had a dedicated procurement function before, so you’ve been granted a blank slate to work with.

Procurement 98

Procurement Real-time Visibility e2e Purchasing 98

IBM Supply Chain Blog

DECEMBER 20, 2023

A well-formulated AI strategy should also help guide tech infrastructure, ensuring the business is equipped with the hardware, software and other resources needed for effective AI implementation. Without an AI strategy, organizations risk missing out on the benefits AI can offer.

Strategy 79

Strategy Ethics Supply Chain Efficiency Supply Chain Optimization 79

Pipefy

JANUARY 30, 2024

The global source-to-pay and procure-to-pay outsourcing market is expanding rapidly with the market expected to reach $55.8 To do so, procure-to-pay trends point to an increased focus on three key areas: technology, collaboration, and sourcing. Below is a rundown of the three procure-to-pay trends shaping 2024.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Supply Chain Efficiency Supply Chain Optimization 52

Empowering CPO

JUNE 23, 2023

Spend analysis is a systematic process that involves the collection, cleansing, classification, and analysis of expenditure data with the goal of decreasing procurement costs, improving efficiency, and monitoring compliance. These complexities have led to an emerging trend in the business world – outsourcing spend analysis.

Data 52

Data Procurement Purchase orders Suppliers 52

Una

NOVEMBER 2, 2023

If you have aspirations to become the Clapton of procurement, you will need to use every tool at your disposal. Working with a GPO In our many conversations with procurement professionals, we’ve often encountered a concern that partnering with a group purchasing organization (GPO) will somehow make the individual less effective at their job.

Negotiation 52

Negotiation Purchasing Strategic sourcing Strategic sourcing 52

Una

JULY 19, 2022

3 Reasons to Develop a Comprehensive Procurement Strategy. Because of this, it isn’t necessarily wise to approach procurement with a one-size-fits-all mentality. Benefits of building a comprehensive procurement strategy. Aligns procurement with the company's overall objectives. By Mackenzie Oakley | July 19, 2022.

Procurement strategies 98

Procurement strategies Strategy Procurement Supplier relationship management 98

Procurement Express

FEBRUARY 22, 2022

As experts in the procurement industry, we have a wealth of experience regarding outsourcing methods. We’ve seen companies nail it when it comes to their process, and when they don’t, companies have suffered massive losses due to ignoring best practices or were outsourcing the wrong way. What to outsource?

Supply Chain Efficiency 52

Supply Chain Efficiency Suppliers Import Quality 52

Una

JANUARY 9, 2023

Tail spend refers to an organization’s high-volume, low-value transactions that are typically unmanaged by the procurement team. Some procurement departments use the 80/20 Pareto principle to focus on the large (80 percent) clients and contracts where supposedly greater savings can be realized, choosing to ignore the smaller 20 percent.

Management 97

Management Spend management Purchasing Procurement team 97

Value Match

JUNE 27, 2022

Best Practice Guides. Procurement Best Practice. Procurement Policy Notes. Procurement Best Practice. Procurement Policy Notes. Procurement Strategy. Resourcing. Training Resources. Procurement teams can support the catering provision by managing their supply chain and risk management.

Contract 52

Contract Suppliers Procurement team Quality 52

The Good Spending

AUGUST 17, 2023

This post will look at a sourcing strategy from an uncommon perspective, trying to prove its vital importance for the procurement profession. This post will look at a sourcing strategy from an uncommon perspective, trying to prove its vital importance for the procurement profession. We suggest just three, which are rare.

Sourcing 52

Sourcing Strategy Import Strategic sourcing 52

SCMDOJO

AUGUST 21, 2023

Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supply chain!” That was fun, right? In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. Discover the Top 10 TikTokers reshaping how you view supply chains.

Supply Chain Optimization 97

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 97

SCMDOJO

NOVEMBER 9, 2023

Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. With effective inventory control templates, you can maintain an accurate record of your products, including their quantities, dimensions, location, and weight.

Inventory control 79

Inventory control Inventory Supply Chain Optimization supply chain budgeting 79

Planergy

JANUARY 12, 2023

Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. As a procurement professional, you know how important it is to have a reliable and cost-effective supply chain. Cristian Maradiaga. King Ocean. Book a Live Demo. Download Free Copy. Written by. Keith Murphy.

Suppliers 52

Suppliers Supply Chain Efficiency Raw materials supply chain budgeting 52

SCMDOJO

APRIL 11, 2023

It covers the basics of procurement, including procurement strategies, contract management, and supplier selection. You’ll also learn about supply chain management and the various stages of the procurement process. Pros: It forms part of the CIPS Level 2 Certificate in Procurement and Supply Operations qualification.

Supply chain management 113

Supply chain management Supply chain management supply chain software solutions Supply chain 113

Una

AUGUST 9, 2022

In this article, we’ll explore ways to achieve cost reduction in procurement and ensure business continuity in times of economic uncertainty. How to Use Group Purchasing as a Cost Reduction Strategy. By Mackenzie Oakley | August 9, 2022. As a result, unemployment reached a record 14.8% in April 2020.

Purchasing 96

Purchasing Strategy supply chain budgeting Procurement team 96

Planergy

OCTOBER 25, 2022

Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. Budget Management Procurement Project Management. Cristian Maradiaga. King Ocean. Book a Live Demo. How to gain visibility and control of your indirect spend. Download Free Copy. Written by. Rob Biedron.

Budget 52

Budget Management Project management Import 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

Empowering CPO

JUNE 9, 2023

The Importance of Procurement in Business Procurement is the lifeblood of any business. But procurement is more than just buying; it’s about making informed and strategic decisions that can significantly impact a company’s bottom line, efficiency, and competitive advantage. Understanding Procurement Metrics A.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

Empowering CPO

JULY 5, 2023

Introduction Welcome to our exploration of a fascinating convergence shaping the future of business operations: the intersection of technology and managed procurement services. Before we dive in, let’s first set the stage by discussing EmpoweringCPO, a leader in the field of managed procurement services.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Real-time Visibility 52

Supply Chain Game Changer

APRIL 19, 2022

Over the past 20 years I have been fortunate to have worked in various industries (Automotive, Electronics, Plastics, Oil/Gas, Financial and Communication Equipment) for various world class companies, with a focus on Strategic Sourcing and Procurement. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

Leadership 85

Leadership Raw materials supply chain software solutions Strategic sourcing 85

Empowering CPO

JULY 2, 2023

Introduction In an increasingly interconnected and competitive business landscape, the role of procurement has transformed from a supporting function to a strategic powerhouse. Traditionally, procurement was seen as a tactical, back-office process, primarily focused on buying goods and services at the lowest possible cost.

Management 52

Management Procurement Strategic sourcing Strategic sourcing 52

Supply Chain Game Changer

MAY 11, 2022

When procuring materials and handling the logistic, you probably haven’t had the time to update your marketing strategy and let it slip through the cracks. By outsourcing the experts to market your manufacturing business online, you free yourself from worries and time-consuming marketing activities. Subscribe Here! Email Address.

Buyers 96

Buyers Strategy Competitive analysis Supply chain 96

Supply Chain Game Changer

NOVEMBER 23, 2018

Check out What is Virtual Procurement and Why Should You Care? Procurement is an integral part of any company in any industry. Jill is a true, seasoned leader and expert in Procurement. She offers Procurement services which anyone seeking help in any aspect of this area of Supply Chain must seriously consider.

Leadership 80

Leadership Supply Chain Optimization Strategic sourcing Strategic sourcing 80

Empowering CPO

JULY 17, 2023

Introduction In an ever-evolving business environment, successful procurement operations are key to keeping organizations efficient, competitive, and profitable. But what happens when businesses lack the resources, expertise, or time to manage procurement effectively? This is where managed procurement services come into play.

Management 52

Management Procurement Vendor relationships Supply Chain Efficiency 52

Empowering CPO

JULY 2, 2023

Introduction Welcome to our latest discussion on a crucial facet of business operations: Managed Procurement Services. If you’re new to the term, Managed Procurement Services refers to the outsourcing of a company’s procurement functions to a specialized firm.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Pipefy

JULY 31, 2023

This guide identifies the differences between these processes and discusses the synergies between them. The terms “front office” and “back office” refer to distinct business processes within a company, based on the physical location where businesses have traditionally performed these functions.

Budget 52

Budget Management Quality Customer relations 52

Empowering CPO

JULY 3, 2023

Introduction In the complex and fast-paced business world of today, Managed Procurement Services (MPS) have emerged as a key solution for enterprises seeking to streamline their operations, improve efficiencies, and achieve cost savings. Procurement is no longer just about purchasing goods and services at the lowest cost.

Innovation 52

Innovation Strategy Procurement Management 52

Empowering CPO

JUNE 14, 2023

Introduction Welcome to the dynamic world of procurement, where businesses are constantly seeking innovative ways to manage their supply chains more efficiently and effectively. One strategy that has captured considerable attention is procurement outsourcing.

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Real-time Visibility 52

Empowering CPO

JUNE 26, 2023

Introduction In today’s dynamic business landscape, effective procurement strategies are crucial for organizations to achieve sustainable growth and maintain a competitive edge. At EmpoweringCPO, we believe that knowledge is power.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Collaboration 40

Procurement Tactics

JULY 14, 2022

33 Procurement Interview Questions in 2022. Procurement Service Provider — The Ultimate Guide of 2022. The demand for a procurement service provider has increased due to the global market conditions. With this in mind, what is the role of a procurement service provider? . What is a Procurement Service Provider?

Procurement 130

Procurement Supply Chain Efficiency Negotiation Strategic planning 130

Una

MAY 2, 2023

When Should My Small Business Create a Procurement Function? Tips for small business owners on how to implement a procurement function as your organization scales – and before it’s too late. Because in our experience, small business owners inevitably reach for the procurement lever waaaaay too late. says Chandhrika.

supply chain software solutions 78

supply chain software solutions Procurement Risk Sourcing 78

Planergy

JULY 21, 2023

Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. What Is The Difference Between Goods and Services Procurement? In this article, we will discuss services procurement, how it works, and how to manage it best.

Management 52

Management Procurement supply chain budgeting Budget 52

Pipefy

JULY 12, 2023

This guide discusses the benefits of improving internal processes and the steps to achieve this goal. For example, a furniture manufacturer may procure wood from lumber suppliers, then use it to build furniture which it will distribute to retail outlets. This practice allows groups to work together more effectively and reduce costs.

Innovation 52

Innovation Quality Change management Purchase orders 52

Pipefy

AUGUST 10, 2023

This guide discusses the power and benefits of process intelligence, its implementation, examples, and future insights. Unlock greater process efficiency with the Definitive Guide to Business Process Automation Get free guide What is process intelligence? These tools may work with both historical and real-time data.

Real-time Visibility 52

Real-time Visibility e2e Data Risk 52

Una

APRIL 9, 2024

Bettering your bottom line As a procurement leader , I’m sure you’re often (always?) The fundamentals of group purchasing Incorporating group purchasing into your procurement strategy is one way to realize such savings. By Mackenzie Oakley | April 9, 2024 Search Search Back in 2020, I refinanced my mortgage. I also like a good deal.

Purchasing 52

Purchasing supply chain budgeting Real-time Visibility Supply Chain Optimization 52

SCMDOJO

NOVEMBER 2, 2023

It guarantees the smooth movement of commodities, services, and financial resources, enabling businesses to flourish in cutthroat markets. Effective supply chain management is essential for success in the dynamism and connectivity of modern companies. We introduce the top 20 supply chain specialist you should hire in this blog. With a Ph.D.

Agile and Lean Supply Chain 59

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

The Good Spending

DECEMBER 25, 2021

The view on procurement from the perspective of traditional economic theories Nowadays, procurement increasingly speaks up about its critical role in the firm's very existence. In fact, the importance of procurement was confirmed many decades ago upon the formulation of some classical economic theories.

Sourcing 52

Sourcing Bidding Contract Procurement 52