World of Procurement blog

APRIL 23, 2024

By adopting best practices, companies can reduce costs, improve quality, and enhance supplier relationships. This includes fair treatment of suppliers, transparent bid processes, and adherence to anti-corruption policies. Procurement plays a critical role in the operational efficiency and financial health of an organization.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement Strategic sourcing 52

World of Procurement blog

APRIL 23, 2024

By adopting best practices, companies can reduce costs, improve quality, and enhance supplier relationships. This includes fair treatment of suppliers, transparent bid processes, and adherence to anti-corruption policies. Procurement plays a critical role in the operational efficiency and financial health of an organization.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement Strategic sourcing 52

Arkestro

SEPTEMBER 19, 2023

While certain industries continue to work around rising prices and supply disruptions, others are trying to take advantage of downward price pressures. Couple these with a broader climate of economic volatility and talent scarcity, and CPOs and heads of Manufacturing and Supply Chains have their work cut out for them.

Sourcing 52

Sourcing supply chain budgeting Procurement Bidding 52

Arkestro

MARCH 13, 2023

Arkestro empowers us to automate and accelerate the bidding process, speeding delivery of preferred supplier agreements to different businesses.” Also, budget forecasting was done based on suppliers’ assumed fixed costs, often making projections inaccurate.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Procurement Bidding 52

World of Procurement blog

MAY 8, 2024

Procurement differs from purchasing in a few key ways: Strategic focus : Procurement has a strategic, long-term focus on analyzing spend, reducing costs, managing supplier relationships, and mitigating risk. Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. needed to deliver on the KPIs.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

ivalua

FEBRUARY 27, 2023

How Inflation Impacts Procurement Inflation affects a number of aspects within the Manufacturing supply chain, including the ability to compete in the market, financial performance, and overall strategy. Manufacturers, take charge of your supply chain!

Real-time Visibility 130

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

Procurement Templates

MARCH 3, 2024

Risks may include budget constraints, supply chain disruptions, quality issues, legal compliance, etc. Budget Analysis : Evaluating the available budget and financial resources is crucial to ensure that the procurement activities align with the organization’s financial capabilities.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Jaggaer

DECEMBER 4, 2018

JAGGAER’s Sourcing Optimization tool allows transportation companies to automate and evaluate high volumes of complex, conditional bids with multiple suppliers. The post Freight Procurement Solutions Are Transforming Supply Chains appeared first on Jaggaer. Companies like JAGGAER can show you how easy and profitable it can be.

Procurement solutions 40

Procurement solutions Supply Chain Optimization supply chain budgeting supply chain software solutions 40

Procurement Tactics

JULY 13, 2022

The global pandemic and the ongoing war between Russia and Ukraine have disrupted the supply chain. This will allow you to give importance to these functions that will keep your supply chain sustainable. Professionals should acquire the highest quality products from their potential suppliers that will suit their budget.

Procurement 130

Procurement supply chain budgeting Negotiation Contract 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.” 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

Supply Chain Game Changer

OCTOBER 24, 2022

Subscribe to Supply Chain Game Changer. The Bullwhip Effect is a pretty popular phenomenon and conversational topic in supply chain management. In most cases, it refers to inventory problems that occur due to miscommunication between organizations in a supply chain. Email Address. Planning and purchasing.

Real-time Visibility 76

Real-time Visibility supply chain budgeting supply chain software solutions Inventory 76

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? CERTIFICATE COURSES Related courses about this subject 1.

Price 130

Price Purchasing Raw materials Negotiation 130

Supply Chain Game Changer

NOVEMBER 5, 2021

Subscribe to Supply Chain Game Changer. Some of the things you need to consider in your planning include: Goals to achieve Specific target market Number of years to get ROI Budget allotted for remodeling Timeline of the project. If you’re on a budget, you can also conduct bidding to hire contractors. Email Address.

supply chain budgeting 96

supply chain budgeting Supply Chain Efficiency Budget Bidding 96

Procurement Tactics

AUGUST 30, 2022

Through electronic procurement, organizations can set guidelines or limits regarding the budget and spending within the platform. . Since electronic procurement is an online business platform, it utilized networked systems and web interfaces for supply chain processes and operations. Editor's note: Hi there! ENROLL NOW.

Procurement 130

Procurement Supply Chain Efficiency Purchasing Suppliers 130

World of Procurement blog

JULY 27, 2021

We’d even go so far to say that the modern procurement pro doesn’t focus that much time on the actual buying, as roles have grown to focus on Supply Chain Management, Contract Management and Relationship Management. You’ll also notice that Procurement is often talked about as part of the Supply Chain. That sucks!

Procurement 52

Procurement Procurement team supply chain budgeting Contract management 52

Una

JANUARY 8, 2024

Here are some examples of how a Cost-First Crusader and a Value-Creation Maestro might approach the same purchasing needs in different ways: Office Printers Cost-First Crusader You're on a mission to save on printers. You snag a bunch of budget-friendly printers without considering the long game.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Agile and Lean Supply Chain Purchasing 52

Positive Purchasing

JANUARY 11, 2024

Value might mean reducing cost, but that is only part of the story. And That Goes for the Supply Chain Too These days, any large organisation seeking to work with the public sector has to have a verifiable Social Value proposition. Use it to drive change through a whole supply chain – positive purchasing!

Strategy 52

Strategy supply chain budgeting Supply Supply Chain Efficiency 52

SCMDOJO

FEBRUARY 13, 2023

To get the most out of any procurement team, all the associated key roles need to be filled with qualified individuals that understand both technology and the principles of supply chain management. Negotiates cost-effective contracts with suppliers while following organizational policies and guidelines.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

Supply Chain Game Changer

DECEMBER 18, 2019

Subscribe to Supply Chain Game Changer. What is the Digital Supply Chain? Using supply chain collaboration technology, construction firms will see meaningful productivity gains. appeared first on Supply Chain Game Changer™. Subscribe Here! Email Address. As construction in the US is a $1.27

Collaboration 60

Collaboration Networking Supply Chain Efficiency Real-time Visibility 60

Supply Chain Game Changer

MAY 12, 2021

Subscribe to Supply Chain Game Changer. Dell’s attempts to lower costs, including bidding out the work three times during the eight-year relationship, ate into FedEx’s profits. Mixing Machine Intelligence with Human intelligence = strong category competency and negotiation experience with fact-based bidding trends.

Negotiation 69

Negotiation Buyers Bidding Collaboration 69

SCMDOJO

JULY 3, 2023

Read More: Top 10 Supply Chain Management Courses to Boost Your Career ] Accreditation and Industry Recognition Check to see if the training programme is acknowledged by the procurement sector or accredited by the relevant professional organizations. Total Cost of Ownership – Key Considerations Lesson 3.

Cost of ownership 80

Cost of ownership Procurement Category management supply chain software solutions 80

Supply Chain Collaborator

JANUARY 11, 2019

Now here’s the logistics life hack! Instead of using your UltraShipTMS spot quote tool as you normally would (to drive competitive bidding amongst carriers for expedited loads), leverage the tool as an analytics device and gain insight into where your contract rate should be in real time. You’re just not seeing it yet!

Logistics 79

Logistics Competitive bidding Bidding Contract 79

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. This empowers them to make data-driven decisions that not only enhance efficiency and reduce costs but also foster a diverse and inclusive supplier base.

Suppliers 52

Suppliers Supply Chain Efficiency supply chain budgeting Data 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] ). Another $1.5

supply chain budgeting 63

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

Supply Chain Collaborator

MAY 23, 2018

Supply chain management leaders, especially in transportation, are under heavy fire from CFOs for the dramatic increases in freight spend that are eroding the profitability of shippers in every industry. Combating Rising Freight Costs with a TMS. Reduce Carrier Overcharges via Better Settlement Controls.

Supply Chain Efficiency 74

Supply Chain Efficiency Freight Audit supply chain budgeting Logistics 74

Procurement Software

MARCH 11, 2022

Typically, the value that a procurement professional contributes to a business can usually be measured either in: Hard cost savings, or; Other, less tangible but equally important forms of value: Cost avoidance. Sustainability initiatives within the supply chain. Competitive bidding for €10k worth of one-time spend.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Procurement Heads

JUNE 6, 2023

Furthermore, we are exploring how we can bring greater diversity and inclusion into our supply chain through EDI work. Geographically, it is a bit of a double-edged sword because we can leverage our geography and our size on our supply chain but there is the other edge to that sword.

Contract management 130

Contract management Contract Supply Chain Efficiency Procurement 130

The Thomas Blog

JUNE 22, 2022

What makes sense to an engineer might sound like gibberish to a CFO, while if a supply chain specialist comes across messaging aimed at a company president, it’s not that they wouldn’t know what it was talking about — they probably just wouldn’t care. Finance Managers. There's always someone who holds the purse strings.

Buyers 64

Buyers Real-time Visibility supply chain budgeting Supply Chain Efficiency 64

SCMDOJO

DECEMBER 11, 2023

This fosters stronger collaborations, encourages accountability, and ensures a more reliable and resilient supply chain. These reports are vital to optimize the overall efficiency and effectiveness of an organization’s supply chain function. Download Free Supplier Performance Report 3.

Supply Chain Efficiency 16

Supply Chain Efficiency Purchase orders Procurement Bidding 16

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. Organizations are now expected to not only manage cost but also to ensure supply chain resilience, mitigate risks, and contribute to strategic objectives.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Procurement Software

MARCH 11, 2022

Typically, the value that a procurement professional contributes to a business can usually be measured either in: Hard cost savings, or; Other, less tangible but equally important forms of value: Cost avoidance. Sustainability initiatives within the supply chain. Competitive bidding for €10k worth of one-time spend.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

Supply Chain Game Changer

NOVEMBER 24, 2018

Perhaps there is not enough volume of purchasing activity to justify hiring a full-time or even a contract resource, or if there is, and they can afford to do so, they will hire someone full-time who is very junior, fits their meager budget and too often lacks the skills and experience to drive savings and strategic value for the organization.

Procurement 51

Procurement supply chain budgeting Contract Competitive bidding 51

Planergy

OCTOBER 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Sourcing Supply Chain Management. An ROI, also called an Expression of Interest or EOI, is not a solicitation for bids but a way for organizations to gauge interest from potential suppliers. Download Free Copy.

Buyers 52

Buyers Supply Chain Efficiency Suppliers Price 52

Procurement Software

MARCH 11, 2022

Even if budgets have been set, there is very little control that a CFO or a procurement team can yield. Implement a competitive bidding policy. These requirements are often not well negotiated because as long as the stakeholder is within budget, he/she probably doesn’t care so much about the cost. There are 2 issues here.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

Even if budgets have been set, there is very little control that a CFO or a procurement team can yield. Implement a competitive bidding policy. These requirements are often not well negotiated because as long as the stakeholder is within budget, he/she probably doesn’t care so much about the cost. There are 2 issues here.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 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. By proactively addressing risks, organizations can safeguard their supply chains and drive efficiencies.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing 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.

Food and Beverage Supply Chain 52

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