World of Procurement blog

APRIL 23, 2024

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

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement Strategic sourcing 52

World of Procurement blog

APRIL 23, 2024

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

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement Strategic sourcing 52

World of Procurement blog

MAY 8, 2024

Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Procurement is strategically important because it: Drives significant cost savings through economies of scale, supplier negotiations, and process efficiencies.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Value Match

JULY 28, 2022

Bid Management. The UK, Spain, France and Portugal have recently faced unprecedented heatwave causing wildfires across western Europe and disrupting supply chains locally and globally. One of the most common falsehoods is that “deforestation is only driven by food and packaging supply chains”. Categories.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Supply Contract 52

Supply Chain Game Changer

MAY 23, 2022

Subscribe to Supply Chain Game Changer. Project owners can also accept bids on their projects through platforms like Ethereum, which still provide lower costs than traditional bids from financial companies. Efficiency. Transparency. Subscribe Here! Email Address. The Backbone of Bitcoin Technology.

Supply Chain Efficiency 86

Supply Chain Efficiency Bidding Networking Contract 86

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. Develop strategies to mitigate these risks and build resilience within the supply chain.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Supply Chain Game Changer

JANUARY 25, 2021

Subscribe to Supply Chain Game Changer. Why is 3D Printing Revolutionary for Supply Chain? 3D Printing is changing global Supply Chains article and permission to publish here provided by Maria Hills. Traditional manufacturing and the global supply chain were suboptimal in solving such a crisis.

Agile and Lean Supply Chain 78

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Raw materials 78

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 Templates

JANUARY 17, 2024

Tendering Procedures: USA: Competitive bidding is a common practice, and there are various types of procurement methods, including Request for Proposals (RFPs), Request for Quotations (RFQs), and Invitation for Bids (IFBs). This can enhance efficiency and reduce costs for companies engaged in international trade.

Procurement 130

Procurement supply chain budgeting Export Competitive bidding 130

Value Match

JANUARY 26, 2023

The investigation comes following the Uyghur Forced Labour Prevention Act that bans products from Xinjiang unless organisations can prove their supply chains are free from forced labour. Implementation of a robust and transparent supply chain management system that includes regular communication and collaboration with suppliers.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Supply Bidding 52

Supply Chain Dive

FEBRUARY 7, 2023

The snack maker says the new facilities will boost efficiencies by reducing party logistics locations.

Bidding 102

Bidding Networking Logistics 102

Procurement Software

APRIL 18, 2023

This involves suppliers competing in sequential bidding. Buyers will have already vetted the suppliers they want to invite to the eAuction and suppliers will start out with their initial bid at the beginning of the auction process. eAuctions are a great way to remain agile and cost-efficient.

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

Procurement Software

MARCH 11, 2022

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. Sustainability initiatives within the supply chain. Reductions in energy or material consumption.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

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.

Bidding 52

Bidding Supply Chain Optimization Supply Chain Efficiency Price 52

Arkestro

FEBRUARY 6, 2024

Arkestro’s Personal Touch Across the Globe When a large organization with a complex supply chain came to Arkestro to implement our PPO platform, our professional services team traveled to three of their global locations to make sure PPO could be their strategic superpower this year. Our suggested pricing capabilities.

Competitive bidding 52

Competitive bidding Procurement Real-time Visibility Supply Chain Efficiency 52

Value Match

AUGUST 4, 2022

Bid Management. Biometric machines for workers to clock-in and clock out could control the practice of overwork and underpay – although supply chain auditors found this could be circumvented by hiding a secondary machine or using a separate paper record. Eradicating Modern Day Slavery from your Supply Chain.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Ethics Supply 52

World of Procurement blog

APRIL 23, 2024

Technology has transformed procurement operations from a complex, manual process into an automated, streamlined function that enhances decision-making and transparency. Sourcing Software: Helps companies find and acquire goods and services by managing RFQs (Request for Quotations) and bidding processes.

Procurement 52

Procurement Supply Chain Efficiency Real-time Visibility Purchase orders 52

ivalua

FEBRUARY 10, 2023

You can also use its eSourcing solution to create RFPs, receive bids from qualified suppliers, analyze supplier performance and manage contracts in one place. With Ivalua, you can quickly access spend analysis tools to identify areas for cost savings and benchmark current prices against market trends.

Price 264

Price Strategy Sourcing Real-time Visibility 264

Value Match

JUNE 13, 2022

Bid Management. Location of your Suppliers & their Supply Chain. Do you know the critical locations and associated risk of your supply chain?? In the event of a major disruption have you mapped out the implications and timescales to commission alternative supply arrangements? Categories. Case Study.

Risk management 52

Risk management Supply Chain Efficiency Risk Supply chain 52

Supply Chain Brain

JULY 7, 2022

An increasing number of manufacturers are implementing systems driven by augmented and virtual reality in a bid to boost efficiency, lower costs and minimize human touch points. .

Bidding 105

Bidding 105

Arkestro

MARCH 13, 2023

Arkestro empowers us to automate and accelerate the bidding process, speeding delivery of preferred supplier agreements to different businesses.” Due to pandemic-driven market disruption, consumer behaviors shifted and labor forces shrunk — suffocating the global supply chain.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Procurement Bidding 52

Value Match

OCTOBER 6, 2022

Bid Management. In a recent survey by Chartered Institute of Procurement & Supply, 19% of the 300 procurement professionals surveyed did not know how sustainable their products were, whilst almost 50% did not believe their organisation was being sufficiently transparent with consumers, clients and regulators about sustainability.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Supply Contract 52

Procurement Software

MARCH 11, 2022

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. Sustainability initiatives within the supply chain. Reductions in energy or material consumption.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

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?

Sustainability 168

Sustainability Procurement Ethics Supply Chain Efficiency 168

Procurement Templates

NOVEMBER 11, 2022

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. • This is consistent with the principles of the Green Book. Where appropriate (e.g.

Procurement 130

Procurement Contract Supply Chain Efficiency Bidding 130

ivalua

FEBRUARY 27, 2023

Manufacturers can off-set the effects of inflation and avoid passing on price increases to their goods and services by maximizing the efficiency and effectiveness of the procurement function. Manufacturers, take charge of your supply chain! Let’s explore further.

Real-time Visibility 130

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

Value Match

APRIL 6, 2023

Under the UK’s Modern Slavery Act 2015, companies with a turnover of over £36 million are required to publish an annual statement outlining the steps taken to address slavery in their supply chains. Be transparent: A modern slavery statement should be transparent and honest.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Risk Bidding 52

Procurement Tactics

JUNE 7, 2023

It is a common concept in cost accounting and is used to evaluate the efficiency of a company’s purchasing process. Proper utilization of this metric yields a crucial understanding of the procurement organization’s efficiency in achieving cost reduction objectives. Why is it Important?

Price 130

Price Purchasing Raw materials Negotiation 130

Supply Chain Collaborator

AUGUST 17, 2018

The secret to superior cost control when entering the spot market is: provide a competitive bid environment for carriers to bids on loads transmitted electronically through your TMS. Does your TMS solution provide a competitive bid spot bid management tool?

Budget 100

Budget Competitive bidding Bidding Logistics 100

ivalua

MARCH 4, 2016

Listening to all of the talks by industry leaders led me to a glaring conclusion—the critical role that technology plays in supply chain and sourcing is the giant elephant in the room that no one was talking about, but everyone could see. The post Are you a Supply Chain Visionary Vick or Laggard Larry? Time is Money.

supply chain software solutions 100

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

Una

MAY 18, 2023

It can take various forms including: Bid rigging/collusion: Anti-competitive behavior where suppliers agree in advance who will win the bid for a contract, sometimes with the procurement employee’s collusion. Lack of transparency, inadequate internal controls, and limited oversight further exacerbate the risk.

Risk 98

Risk Procurement Bidding Suppliers 98

Procurement Heads

MARCH 27, 2023

I’m passionate about working in collaboration with the supply chain and allowing for constructive conversations so that we’re doing all we can to ensure the best value for money for our customers. Sustainability is one of those, and supply chains can influence carbon emissions in a huge way.

Sustainability 246

Sustainability Agile and Lean Supply Chain Influencing Procurement 246

Una

NOVEMBER 29, 2023

But with the elves’ help, Santa is able to put his freed-up time to valuable use, with activities such as mapping out the most fuel-efficient route around the globe, analyzing the data on his naughty and nice lists, and spending some quality time with Mrs Claus. Things you can do while a GPO works behind the scenes And what about you?

Supply Chain Efficiency 52

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

Procurement Tactics

AUGUST 30, 2022

When electronic procurement is implemented properly, it opens the lines of communication between the organization and the supplier by creating a link and facilitating interactions like bids, emails, and purchase orders. . Transparency. Editor's note: Hi there! My name is Marijn Overvest, I'm the founder of Procurement Tactics.

Procurement 130

Procurement Supply Chain Efficiency Purchasing Suppliers 130

Value Match

JULY 14, 2022

Bid Management. Examining your own supply chain to identify risks including deforestation, modern slavery and human right violations are key to maximising ambitions to achieving net zero. Categories. Best Practice Guides. Case Study. Circular Economy. Community Story. Contract for Change. Environment and Climate. Legislation.

Supply Chain Efficiency 52

Supply Chain Efficiency Raw materials Procurement team Bidding 52

Una

NOVEMBER 1, 2022

Procurement professionals are abandoning traditional sourcing practices in favor of more responsive strategies to supply chain management in pursuit of more significant cost savings and organizational efficiencies. Increased efficiency & innovation.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

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.” Start by Putting the Right Technology in Place.

Agile and Lean Supply Chain 130

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