World of Procurement blog

APRIL 23, 2024

Procurement is a critical component of any organization’s operational framework. It's a multifaceted process, involving the acquisition of goods, services, or works from an external source, ensuring the best possible value for the company. The contract language should be clear and unambiguous to avoid misunderstandings.

Procurement contracts 52

Procurement contracts Contract Procurement Negotiation 52

World of Procurement blog

APRIL 23, 2024

Procurement is a critical component of any organization’s operational framework. It's a multifaceted process, involving the acquisition of goods, services, or works from an external source, ensuring the best possible value for the company. The contract language should be clear and unambiguous to avoid misunderstandings.

Procurement contracts 52

Procurement contracts Contract Procurement Negotiation 52

Arkestro

JUNE 20, 2023

You may face challenges such as choosing reliable suppliers, controlling costs, and managing orders. Research-backed procurement strategies can help CFOs achieve their goals while minimizing risk exposure across global supply chains. You would like to work effectively together, but where do you even get started?

Procurement strategies 52

Procurement strategies Supply Chain Efficiency Strategy supply chain budgeting 52

Planergy

OCTOBER 20, 2022

Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. Though the acronyms are similar, they each serve a distinct purpose and should not be used interchangeably. Knowing when to use which document for what purpose can dramatically improve your procurement process.

Buyers 52

Buyers Supply Chain Efficiency Suppliers Price 52

World of Procurement blog

MAY 23, 2024

Supplier consolidation refers to the strategy of reducing the total number of suppliers that a company deals with and instead focusing procurement spending on a select few preferred suppliers. This reduces administrative costs of procurement. To leverage procurement data and insights by consolidating spend across fewer suppliers.

Supplier consolidation 52

Supplier consolidation Suppliers Supply Chain Efficiency supply chain budgeting 52

ivalua

APRIL 8, 2021

Procurement has remained an afterthought at most organizations when the topic shifts to growing revenue. Innovative procurement leaders are positioning the function to be a driver of growth and thereby further elevating the function’s status. There are 3 areas I feel leaders should closely consider. Their knowledge is key.

Procurement 130

Procurement Innovation Price Suppliers 130

Una

SEPTEMBER 27, 2022

And, it’s also that time when once rational marketers decide everything should be pumpkin spiced. Should we upgrade, repair, or buy new? But, as we all know, things can change quickly. Raise your hand if you had stock in Zoom before 2019. You should. The list can go on and on… b ut you do need a list!

Budget 97

Budget Inventory Contract Purchasing 97

Planergy

JANUARY 19, 2024

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. Taking your time throughout the process ensures you get the best possible match. How to gain visibility and control of your indirect spend.

Vendor management 52

Vendor management Suppliers Quality Supply Chain Efficiency 52

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 82

Inventory control Inventory supply chain budgeting Supply Chain Optimization 82

Bonfire

MARCH 28, 2023

So why do so few pay close attention to procurement, an area bristling with risk? In this blog post, we’ll take a look at the risks inherent in public sector procurement and why finance leaders should care. Ten risks intrinsic to public sector procurement The risks inherent in public sector procurement are wide-ranging.

Procurement 52

Procurement Bidding Risk Import 52

Procurement Insights

NOVEMBER 26, 2023

EDITOR’S NOTE: This post was originally published in the Procurement Insights blog on December 3rd, 2007 – almost 16 years ago. I t was a very ambitious project with an equally ambitious outcome – driving 21st-century procurement. Read the original post below, and let me know your thoughts.

supply chain software solutions 72

supply chain software solutions Supply Chain Efficiency Supply chain Real-time Visibility 72

Una

JULY 25, 2023

5 of the Most-Read Procurement Articles Don’t miss the five most-read procurement articles on Unaversity, Una’s online resource center dedicated to empowering procurement. By Hugo Britt | July 25, 2023 Search Search It’s always interesting to discover which articles on a blog drive the most engagement.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Procurement Category management 52

Strategic Sourceror

OCTOBER 27, 2022

To a certain extent, shrinkage is inevitable, but there are some things you can do to reduce its prevalence. But with return fraud becoming more common place, you may need to be more selective with regard to money back guarantees. Thus, you may want to consider offering store credit for items being returned in lieu of full refunds.

Strategic sourcing 57

Strategic sourcing Strategic sourcing Purchasing Procurement 57

Barkers Procurement

FEBRUARY 10, 2023

When looking for a procurement consultancy to support your organisation there are some key factors that you should consider. Extensive experience You want a consultancy that’s had lots of experience in the field and has worked with organisations or businesses in a variety of sectors. Here are some pointers.

Import 52

Import Procurement supply chain budgeting Category management 52

Arkestro

MARCH 8, 2024

Resources / Blog / Inspiring Inclusion: The Transformative Role of Women in Procurement Inspiring Inclusion: The Transformative Role of Women in Procurement As we celebrate International Women’s Month 2024 , the spotlight shines on the progress toward equality and the continued journey for inclusive growth within the professional sphere.

Procurement 52

Procurement Leadership Data Innovation 52

Positive Purchasing

JANUARY 25, 2024

Introduction by Jonathan O’Brien As CEO of Positive Purchasing, I get to host The Procurement Show podcast , and through that meet some very interesting people. Elouise left me with a whole heap of things to think about, especially how AI is set to impact the world of procurement. It could well be the best thing you read today.

Data 52

Data Supply Chain Efficiency Supply Chain Optimization Procurement 52

Barkers Procurement

JANUARY 8, 2023

Category management is a long-term, strategic approach to procurement in which certain employees or teams of employees are responsible for procuring specific types of items, such as IT equipment, office supplies or construction materials. The analytics will help you analyse your performance and decide where you can improve.

Category management 52

Category management Management Market knowledge Stakeholder engagement 52

SCMDOJO

JULY 13, 2022

The List of the 10 Best Supply Chain Job Boards That Made the Cut are: indeed. National Association of Educational Procurement. Indeed does most of the legwork for you and makes it easy to create an attractive resume for supply chain jobs! Michael Page is the best! Michael Page. Naukri Gulf. Jobsinlogistics. Michael Page.

Supply chain 115

Supply chain Supply Supply chain management Supply chain management 115

Skill Dynamics

JUNE 30, 2022

During the 1970’s oil crisis and the rampant inflation that followed, skilled procurement professionals were in demand more than ever before. While professionals have superior technology and analytics on their side, the challenges associated with procurement in a high inflation environment remain the same – and so do the solutions.

Procurement 52

Procurement Price Procurement team Suppliers 52

Planergy

AUGUST 18, 2023

How better management in AP can give you better flexibility for cash flow management. Download Free Copy Office Management: What Is It, Roles, Best Practices Guide, and More Written by Rob Biedron 19 min read HR Management & Leadership Download PDF IN THIS ARTICLE What Is Office Management? What Is Office Management?

Management 52

Management Budget Collaboration Spend management 52

Planergy

AUGUST 18, 2023

How better management in AP can give you better flexibility for cash flow management. Download Free Copy Office Management: What Is It, Roles, Best Practices Guide, and More Written by Rob Biedron 19 min read HR Management & Leadership Download PDF IN THIS ARTICLE What Is Office Management? What Is Office Management?

Management 52

Management Budget Collaboration Spend management 52

Planergy

FEBRUARY 9, 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. Why You Need a Travel and Expense Policy? Why You Need a Travel and Expense Policy Establishing a travel and expense policy for your business is a wise choice.

Purchasing 52

Purchasing Purchase orders Management Budget 52

SCMDOJO

JANUARY 26, 2024

Embarking on a journey to elevate your supply chain career requires a strategic roadmap, and in this blog post, we unveil eleven proven strategies that will act as your compass to success. This article is the write-up of Dr. Muddassir’s recent videos so you can skim through the details.

Supply Chain Optimization 66

Supply Chain Optimization Supply chain Leadership Supply chain management 66

Supply Chain Game Changer

SEPTEMBER 30, 2020

Who is your best supplier? Can you pick one, or a few, out of the bunch? Some procurement professionals can quickly identify their key, or champion, supplier partners. Access to reliable insights is incredibly important when aiming to know which suppliers are the ‘right suppliers’ to collaborate with.

Suppliers 53

Suppliers Data Supply chain Innovation 53

Arkestro

NOVEMBER 16, 2023

Resources / Blog / Procurement: The True Hero of the Retail Holidays Procurement: The True Hero of the Retail Holidays It’s the most wonderful time of year! We are gathering with family and friends, celebrating over feasts and yummy treats, and best of all — we’re shopping.

Procurement 52

Procurement supply chain software solutions Raw materials Supply Chain Efficiency 52

The Good Spending

SEPTEMBER 2, 2023

Integrated solution as a guarantee of competitive advantage A significant difference in IT procurement is associated with a change in the paradigm of competitive advantage in the conditions of Industry 4.0. Therefore, there are very few commodity categories in IT procurement (e.g.,

Sourcing 59

Sourcing Procurement Demand Planning Category management 59

Procurify

MAY 12, 2022

Many people use the terms procurement and purchasing interchangeably. In this guide, we clarify any confusion on the difference between procurement and purchasing, and deep dive into each area. This often includes how a procurement manager goes about ordering and paying for something. What is procurement? Good question.

Purchasing 52

Purchasing Procurement Purchase orders Cost of ownership 52

Procurify

JULY 4, 2022

Purchasing and procurement problems can be costly. The best way to reduce and mitigate purchasing issues is to know how to identify them and what to do about them before they balloon into a full-blown crisis. In this guide, we’ll walk you through ten purchasing issues and how you can solve them. .

Real-time Visibility 59

Real-time Visibility Procurement Purchasing Budget 59

Zycus Cognitive Procurement

FEBRUARY 14, 2022

In the world of Procurement, many things can be taken for granted. You not only miss out on opportunities but also risk major setbacks due to possible supplier disruptions. Why now, you may ask. In this blog, we will highlight some high-risk areas that need fixing and ways you can go about building better supplier relationships.

Suppliers 52

Suppliers Supply Chain Efficiency Supplier relationship management Vendor relationships 52

Planergy

SEPTEMBER 8, 2022

How better management in AP can give you better flexibility for cash flow management. Best Practices & Tips Supplier Performance Supplier Relationship Management. But, how do you measure supplier performance? There are many factors to consider, and it can be difficult to know where to start. Download Free Copy.

Suppliers 52

Suppliers Management Supplier relationship management supply chain budgeting 52

The Procuretech Podcast

OCTOBER 3, 2022

We're continuing our series of interviews with industry experts and thought leaders to get their take on digital procurement. Today's guest is a big personality in the supply chain space: Dr. What started out as a personal blog quickly grew into a brand in its own right, taking on the name SCM Dojo in July 2018.

supply chain software solutions 40

supply chain software solutions supply chain budgeting Supply chain Supply 40

Supply Chain Game Changer

NOVEMBER 24, 2018

Blog post originally created and published by Jill Button, CEO of ProcurePro at [link]. Then you need Virtual Procurement! We are too small and can’t afford to hire a full-time procurement person. We are busy and just don’t have the time to focus on procurement.”. “We Practical, Applicable, Sustainable Solutions!

Procurement 51

Procurement supply chain budgeting Contract Competitive bidding 51

Future Purchasing

NOVEMBER 10, 2021

When it comes to successfully implementing category management and supplier management, it is apparent that those procurement teams that have developed their coaching skills have the edge. The focus is on the coach helping others to find the best solutions to their particular challenges. Coaching in the context of category management.

Category management 52

Category management Management Leadership Stakeholder engagement 52

HICX

JULY 4, 2022

Anyone who works in Procurement and Supply Chain will be aware of the level of change industries have been through in the past few years. The procurement function is no longer merely tactical but is becoming increasingly strategic. All of these factors have made Procurement and Supply Chain an incredibly exciting place to be.

Procurement 52

Procurement Chief Procurement Officer Supplier relationship management Suppliers 52

SCMDOJO

NOVEMBER 2, 2023

To accomplish this, you require the skills of supply chain experts who can manage the complexity and difficulties of today’s global supply chains. We introduce the top 20 supply chain specialist you should hire in this blog. You can Hire Matias or start a conversation from here ! 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

Zycus Cognitive Procurement

JANUARY 31, 2023

By engaging in SRM practices, businesses can identify the best suppliers from which to source materials and services, optimize costs, mitigate risk, explore new opportunities for top-line growth through supplier innovation, streamline operational processes and receive preferential treatment as a customer of choice.

Supplier relationship management 40

Supplier relationship management Suppliers Management Supply Chain Efficiency 40

Procurify

MAY 19, 2022

We know you’re in the middle of month-end close, quarter-end close, audit preparation, and tax filings. We know you’re busy. We know you want to just get on with your close, reporting, and personal tasks. Ensure you select the cloud sharing storage platform that aligns with your organization’s security policy.

Real-time Visibility 52

Real-time Visibility Networking Collaboration e2e 52