Procurement Tactics

OCTOBER 18, 2022

Supplier Relationship Management Software — Everything You Should Know. Supplier relationship management software is a very important factor for procurement managers to strengthen their relationship with their suppliers. However, what is this supplier relationship management software?

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Supplier relationship management supply chain software solutions Suppliers Management 181

Spend Matters

FEBRUARY 13, 2025

Identifying the need for foundational technology and processes Before joining Utz as its SVP Procurement, Ron had been consulting with the Supply Chain department working on a number of different projects. In addition, the broader supply chain organization was working to implement other new tools and processes.

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Influencing Procurement supply chain budgeting e2e 98

Spend Matters

MAY 14, 2025

The situation is further complicated for global supply chains, particularly when suppliers are located in regions with strict data regulations and infrastructure challenges, such as China. LightSource was specifically created to solve these issues for direct materials sourcing.

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Sourcing Buyers Procurement team Bidding 77

Jaggaer

FEBRUARY 5, 2025

A Complete Guide Strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. The process creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting.

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Strategic sourcing Strategic sourcing Supply Chain Efficiency Sourcing 52

ivalua

FEBRUARY 10, 2023

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. Let’s explore further.

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Price Strategy Sourcing Real-time Visibility 264

Jaggaer

FEBRUARY 5, 2025

A successful approach requires careful assessment of supplier bids, followed by structured onboarding, continuous monitoring, and performance measurement. They instantly compare bids based on predefined criteria, such as the lowest bid, pricing tiers, or total cost of ownership, and rank the suppliers accordingly.

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Strategic sourcing Strategic sourcing Sourcing Strategy 52

Let's Talk Supply Chain

FEBRUARY 21, 2025

In the heart of‍ the bustling Midstate ‍region, a once-thriving logistics supply chain company is facing a ‍paradigm shift as it announces the closure of its second‍ facility.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Logistics Supply chain 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 . The Message Center is an embedded chat functionality that will enable collaboration and contextual discussions amongst internal users and suppliers.

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Supply chain resilience Collaboration Supply Chain Efficiency supply chain budgeting 130

Let's Talk Supply Chain

MARCH 3, 2025

In a bid to sweeten its presence in the ever-evolving snack industry, J.M. Smucker‍ has embarked on a series of strategic maneuvers that promise to redefine its‍ sweet snacks business and supply chain.As Smucker‍ can optimize its supply chain processes and meet the growing demand for premium snacks.

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Supply Chain Efficiency Supply Chain Optimization Supply chain Supply 52

SCMDOJO

JULY 28, 2022

However, when you buy something, you may not always know all the suppliers that offer a particular product. Then the Supplier registration form comes in handy. This means that every time you host a sourcing event, the same suppliers bid on the same products at the same prices. What is Supplier Registration?

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Let's Talk Supply Chain

MARCH 5, 2025

In a bid to turn the tide on a recent sales slump, Advance Auto Parts is embarking on a bold initiative to revamp its supply chain. Revamping Supply Chain Strategies to Boost Sales Performance advance Auto Parts is making bold moves to rejuvenate its sales figures by overhauling its supply chain strategies.

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

Spend Matters

JANUARY 23, 2025

The momentum around this ‘best practice’ has been further accelerated by the marketing efforts of market intelligence companies selling data and even a few purpose-built software platforms to make these efforts more efficient and accurate. supplier count, event size).

Price 102

Price Negotiation supply chain software solutions Supply Chain Optimization 102

SCMDOJO

APRIL 3, 2022

They are far more convenient than conventional discussions and negotiations, providing procedural integrity and transparency while also lowering final prices owing to enhanced supplier competitiveness. Digital bidding, or eAuctions, are a more efficient way of negotiating with vendors in the international market.

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Supply Chain Efficiency Bidding Procurement team supply chain software solutions 141

Arkestro

DECEMBER 26, 2024

While these advancements have led to improved efficiency, cost savings, and enhanced strategies, theyve also made procurement processes more complex than ever before. Here are five key trends that will shape procurement and supply chain management in the coming year. trillion , a 9.3% increase from 2024.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Procurement Templates

MARCH 7, 2024

Key components typically found in a procurement playbook include: Procurement policies and procedures: Clearly defined rules and regulations governing procurement processes, such as vendor selection criteria, bidding procedures, and contract management protocols. I curate best book marks so you don’t need to hunt around!

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Supply Chain Efficiency Procurement Ethics Contract management 130

Let's Talk Supply Chain

MAY 16, 2025

As global trade winds gust through the intricate web of supply chains, Clorox stands at a crossroads, poised to navigate the shifting currents in a bid to maintain stability and agility in the face of economic turbulence. These recommendations focus on enhancing efficiency and minimizing costs in the sourcing process.

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Sourcing Agile and Lean Supply Chain Supply Chain Optimization Supply chain resilience 52

Arkestro

NOVEMBER 12, 2024

However, as supply chains have evolved into complex, global systems, the demands on procurement, and associated workload have increased significantly. As companies defer or ignore certain spend categories, they risk missing significant opportunities for cost savings and improved supplier relationships.

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Procurement Bidding Procurement team Supply Chain Efficiency 52

Future Purchasing

FEBRUARY 25, 2025

Public procurement departments are navigating a complex landscape of challenges, including regulatory shifts, inefficiencies, difficulty building resilient supply chains, and an increasing demand for sustainability and transparency.

Innovation 52

Innovation Supply Chain Efficiency Procurement Category management 52

Jaggaer

FEBRUARY 5, 2025

Complete Source to Pay cycle and Strategic Sourcing Guide An optimized Source-to-Pay (S2P) process helps businesses enhance procurement efficiency, reduce costs, and improve supplier collaboration. Steps, Benefits, and Best Practices S2P covers the entire procurement lifecycle, from supplier selection to final payment.

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Strategic sourcing Strategic sourcing Sourcing Real-time Visibility 52

Skill Dynamics

DECEMBER 18, 2024

Collusion involves suppliers and employees conspiring and coordinating to manipulate procurement outcomes. Unusual vendor behavior such as the consistent submission of suspiciously high bid values or constantly changing bank details are cause for scrutiny. All of this leads to a more agile, responsive, and efficient organization.

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Risk Strategy Supply Chain Efficiency Management 52

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. This blog aims to empower procurement professionals by shedding light on how each report contributes to enhanced transparency, accountability, and efficiency within the procurement function.

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Procurement Insights

MARCH 16, 2025

How Procurement Professionals Use or Interact with Model Context Protocol (MCP) Procurement professionals interact with AI models that utilize Model Context Protocol (MCP) in various ways, especially within digital procurement platforms, supplier management systems, and spend analytics tools.

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Supply Chain Optimization supply chain budgeting Bidding Supply Chain Efficiency 52

SCMDOJO

OCTOBER 3, 2024

In this highly competitive job market, more is needed for students to learn the supply chain theory simply. Due to the quick movement and fast reaction of global logistics, the new generation entering the supply chain industry must learn and master some vital technical and soft skills.

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Supply Chain Efficiency supply chain software solutions Supply chain Supply chain management 97

Procurement Heads

MARCH 27, 2023

We’re responsible for the supplier management and then supporting the business in contract management as well. We are having to become much more agile in our approach because suppliers are less willing to hold their pricing. Sustainability is one of those, and supply chains can influence carbon emissions in a huge way.

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Sustainability Agile and Lean Supply Chain Influencing Contract 246

Procurement Tactics

JULY 14, 2022

Procurement tender is very important for the company to carefully select their supplier. Almost all professionals in supply chain and procurement know that it is part of the huge procurement process. A procurement tender is a document that the supplier needs to complete when bidding for a contract. .

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Procurement Bidding Supply Chain Efficiency Contract 130

SCMDOJO

JUNE 3, 2025

Transparent Costs and Building Strong Supplier Relationships: Discover the valuable role transparency plays in building trust with customers and suppliers. Providing clear cost estimates in this way helps to build better negotiations with your suppliers. This is the sort of thing that suppliers actually appreciate.

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Procurement Supply Chain Efficiency supply chain budgeting Budget 54

Procurement Tactics

APRIL 25, 2023

Thus, you can give your employees a suitable working environment that will allow them to apply the best practices in procurement effectively and efficiently. It helps businesses by improving their finances and processes against a range of challenges that may disrupt the supply chain. Sustainable Procurement: What is it?

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Sustainability Procurement Ethics Supply Chain Efficiency 168

TYA Suite

OCTOBER 27, 2024

It encompasses a range of features aimed at managing the acquisition of goods and services efficiently. This software helps organizations manage supplier interactions, streamline procurement workflows, and ensure compliance with company policies and regulations. is a comprehensive solution designed to automate and optimize the.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

ivalua

MARCH 4, 2016

getting involved early on in the New Product Introduction ( NPI) cycle to ensure suppliers risk is being properly evaluated in production capacity and quality. That is very much like using a spoon to butter your bread—it may get the job done and it is still a utensil, but it will be far less efficient than a knife. Time is Money.

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supply chain software solutions Supply Chain Efficiency Supply chain Bill of materials 100

Jaggaer

FEBRUARY 13, 2025

This partnership enables companies to enhance supplier engagement, align ESG goals with business objectives, and achieve measurable progress in their decarbonization efforts. Companies want to avoid or mitigate disruptions to the supply chain and manage stranded assets. But there are other considerations.

Leadership 52

Leadership Procurement Supply Chain Efficiency Sustainability 52

Jaggaer

FEBRUARY 5, 2025

Strategic Sourcing Success: Best Practices and Key Strategies Of course, there are many definition s of source-to-pay but put simply, strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. How Has Strategic Sourcing Evolved?

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Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

Procurement Tactics

JULY 21, 2022

Procurement portals have shaped supply chain management drastically. A vendor portal is an e-procurement solution that allows the organization to arrange and connect to third party suppliers. It is also known in the industry as a supplier portal. . Increases supplier diversity. What is a Procurement Portal?

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Procurement Procurement solutions Bidding Competitive bidding 147

Jaggaer

DECEMBER 12, 2024

enables procurement, finance and supply chain to collectively boost cost savings, make better decisions, and accelerate digital innovation RESEARCH TRIANGLE, NC – JAGGAER , a global leader in enterprise procurement and supplier collaboration, today announces the 24.3 JAGGAER One 24.3 version of its JAGGAER One platform.

Supply Chain Optimization 52

Supply Chain Optimization Bill of materials Supply Chain Efficiency Contract 52

SCMDOJO

JUNE 28, 2024

In recent years, there has been a significant shift in the supply chain industry as more and more women are choosing careers in this traditionally male-dominated field. This rise of women in the supply chain is not only breaking gender barriers but also bringing a fresh perspective and new ideas to the table.

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Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 87

Procurement Templates

MARCH 3, 2024

This assessment aims to identify what the organization needs to procure to fulfill its objectives effectively and efficiently. Risks may include budget constraints, supply chain disruptions, quality issues, legal compliance, etc. This involves assessing suppliers’ capabilities, pricing, quality standards, and reputation.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

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.” Data silos also inhibit agility, Keeley said. “As

Agile and Lean Supply Chain 130

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

Procurement Insights

MARCH 25, 2025

Percentage of Suppliers Responding to RFP Requests No definitive, broad-spectrum statistic exists for the percentage of suppliers who respond to RFPs across all industries. Response rates vary widely depending on industry, RFP complexity, supplier capacity, and perceived opportunity value. Would you do it?

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