Barkers Procurement

APRIL 11, 2024

IT Service contracts form a core element of most organisation’s spend. In this thought leadership piece, IT Procurement expert, Mark Elkington reveals top tips on how to negotiate an IT service contract successfully. This will enable pricing challenges to be assessed based on the size of overall change.

Negotiation 52

Negotiation Contract Supplier relationship management Suppliers 52

SCMDOJO

NOVEMBER 17, 2023

In this blog, explore vital tips paving the way for a prosperous career in supply chain management. It’s a fast-paced, evolving industry that has a lot of challenges, but also plenty of rewards, including a potentially lucrative income. Each day brings a new challenge, offering continuous opportunities to learn and grow.

Agile and Lean Supply Chain 70

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 70

World of Procurement blog

APRIL 23, 2024

In the complex structure of modern businesses, the role of a procurement manager is pivotal for efficient operations and cost management. Here, we dive into what a procurement manager is, what their job entails, the typical day in their life, the career path, and, of course, the remuneration that comes with this crucial role.

supply chain budgeting 52

supply chain budgeting Management Procurement Chief Procurement Officer 52

World of Procurement blog

APRIL 23, 2024

In the complex structure of modern businesses, the role of a procurement manager is pivotal for efficient operations and cost management. Here, we dive into what a procurement manager is, what their job entails, the typical day in their life, the career path, and, of course, the remuneration that comes with this crucial role.

supply chain budgeting 52

supply chain budgeting Management Procurement Chief Procurement Officer 52

Supply Chain Game Changer

MARCH 16, 2022

Amongst other things a supply chain manager is responsible for ensuring that goods are delivered to the correct destination in a timely manner. This can be a challenging task, as there are many potential problems that can occur along the way. We will also provide tips on how to solve these problems in the next blog post.

Supply Chain Optimization 100

Supply Chain Optimization Supply Chain Efficiency Supply chain Supply chain management 100

Procurement Leaders

FEBRUARY 6, 2024

Our members are on the frontline when it comes to preparing for and managing the impact of such events, with one CPO sharing how diverting supplies from the Red Sea is adding two to three weeks to shipping times – which is having a significant effect on costs. What do we mean by a trusted relationship?

Supply Chain Efficiency 130

Supply Chain Efficiency Risk Suppliers Contract 130

Procurement Leaders

DECEMBER 9, 2022

Here, CPO Eric Espinasse describes some of the strategies he has employed to manage the market volatility, from building up inventory to advanced segmentation and closer supplier relationships. PL: Could you share a little bit about your procurement team structure, its strengths and the challenges you face at Ferring?

Suppliers 147

Suppliers Bill of materials Raw materials Supplier relationship management 147

IBM Supply Chain Blog

JANUARY 15, 2024

The differences between generative AI and traditional AI To understand the unique challenges that are posed by generative AI compared to traditional AI, it helps to understand their fundamental differences. Machine learning-trained generative AI might help in drafting new contracts based on this research.

Contract 69

Contract Data Contract management Networking 69

The Good Spending

APRIL 2, 2023

Once, we wrote about demand management in this blog. It's a good enough topic, which misses one crucial element - demand management mastery comes after sophisticated planning. Our colleagues tend to accept the business demand for granted and not try to understand or, God forbid, challenge it. Category management 11.

Procurement 98

Procurement Demand Planning Budget Category management 98

Arkestro

APRIL 25, 2023

Resources / Blog / Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Construction companies face a host of challenges in the post-COVID era. What Procurement Challenges Do Construction Companies Face?

Supply Chain Efficiency 52

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

Arkestro

MARCH 27, 2024

Resources / Blog / Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Buyers have always played an important role in the procurement industry, helping organizations obtain goods and maintain a careful balance of speed, cost-efficiency, and quality.

Buyers 52

Buyers Supply Chain Efficiency supply chain budgeting Procurement 52

IBM Supply Chain Blog

MARCH 22, 2023

Though the process may be slightly different for each protocol, node hosts still face similar challenges (such as managing tedious day-to-day API maintenance , ensuring quick and secure data transfer, and developing the technical know-how to create and manage a blockchain oracle protocol’s node).

Data 70

Data Contract Sourcing Management 70

Zycus Cognitive Procurement

JANUARY 16, 2023

You must have found yourself struggling with limited visibility into preferred or contracted suppliers, contract utilization status, budgeting issues, and multiple requirements for sourcing low dollar items or services. Challenges in Streamlining Procurement Process. Over or under utilization of contracts and budgets, .

Sourcing 52

Sourcing Real-time Visibility Procurement Buyers 52

World of Procurement blog

APRIL 24, 2024

This process encompasses all activities involved in sourcing, acquiring, and managing the resources necessary for an organization's operations. It's a multifaceted journey from identifying the need for a product or service to the final steps of contract closure and post-purchase evaluation.

Supply Chain Efficiency 52

Supply Chain Efficiency Ethics Procurement Sustainability 52

IBM Supply Chain Blog

FEBRUARY 19, 2024

In today’s complex global business environment, effective supply chain management (SCM) is crucial for maintaining a competitive advantage. Here’s how companies are using different strategies to address supply chain management and meet their business goals.

supply chain software solutions 88

supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 88

Barkers Procurement

FEBRUARY 25, 2024

A smart Procurement Director may even pro-actively offer up a greater level of cost reduction before being challenged, as a means to protect their people. Existing contracts must be revisited and renegotiated – it is often the fastest route to saving money. Not just any port in a storm, but a new route to be navigated as standard.

Procurement 52

Procurement supply chain software solutions Contract Agile and Lean Supply Chain 52

World of Procurement blog

APRIL 23, 2024

These policies should outline how procurement activities are to be conducted, from supplier selection to contract execution, ensuring consistency and compliance across the organization. Implement Strategic Sourcing Strategic sourcing involves a methodical approach to finding, selecting, and managing suppliers.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement Strategic sourcing 52

World of Procurement blog

APRIL 23, 2024

These policies should outline how procurement activities are to be conducted, from supplier selection to contract execution, ensuring consistency and compliance across the organization. Implement Strategic Sourcing Strategic sourcing involves a methodical approach to finding, selecting, and managing suppliers.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement Strategic sourcing 52

The Good Spending

DECEMBER 27, 2023

This is where I started digging deeper into the Agile agenda , thinking of finding repercussions with our professional life and blogging on related topics.  What challenges do you see in the context of deploying these practices? We’re not just buying goods or services - we manage risks!  large home appliances).

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Demand Supply Chain Optimization Negotiation 52

IBM Supply Chain Blog

NOVEMBER 21, 2023

In this article, developer Michael Burgess provides an insight into the concept of schemas and schema management as a way to add value to your event-driven applications on the fully managed Kafka service, IBM Event Streams on IBM Cloud ® What is a schema? For any challenges in set up, see our Getting Started Guide and FAQs.

Real-time Visibility 107

Real-time Visibility Quantity Data Quality 107

IBM Supply Chain Blog

APRIL 25, 2023

Environmental, Social, and Governance (ESG) risk management has emerged as a critical aspect of business strategy for companies worldwide. However, 57% of CEOs admit that defining and measuring the Return on Investment (ROI) and economic benefits of their sustainability efforts remain a significant challenge. Conduct ESG assessments.

Risk management 86

Risk management Risk Management Sustainability 86

Empowering CPO

JULY 17, 2023

But what happens when businesses lack the resources, expertise, or time to manage procurement effectively? This is where managed procurement services come into play. Managed procurement services , a game-changer in the industry, provide a comprehensive solution for businesses that need to improve their procurement operations.

Management 52

Management Procurement Vendor relationships Supply Chain Efficiency 52

Supply Chain Game Changer

AUGUST 19, 2022

Supply chain management and contract lifecycle management are key ingredients to business success. How well a company manages its supply chain processes can directly impact its bottom line. How well a company manages its supply chain processes can directly impact its bottom line. Let us find out.

Contract 97

Contract supply chain budgeting Management Supply Chain Efficiency 97

IBM Supply Chain Blog

DECEMBER 13, 2023

By assessing and proactively managing risks inherent in the supply chain , organizations can shield themselves from disruptions and strengthen the resilience of their operations. Building strong supplier relationships to encourage favorable contracts and service is also a common goal. Some may not agree with the proposed changes.

Procurement strategies 73

Procurement strategies Strategy Procurement Supply Chain Efficiency 73

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

Procurement Leaders

DECEMBER 9, 2022

With operations all over the world, and sourcing offices in Denmark, North America and China, its supply chain is exposed to a huge scope of complex challenges, across categories of spend including agriculture, chemicals, and enzymes, among others. LA-B: Many things.

Collaboration 162

Collaboration Supply Chain Efficiency Raw materials Supplier relationship management 162

Arkestro

MAY 23, 2023

Resources / Blog / Overcoming Construction Struggles With Predictive Procurement Overcoming Construction Struggles With Predictive Procurement In years past, the construction industry lagged behind the pack when it came to predictive procurement and digital transformation.

Procurement 52

Procurement Agile and Lean Supply Chain supply chain budgeting supply chain software solutions 52

Procurement Leaders

AUGUST 2, 2023

Never rely on CEST or automated IR35 tools, the critical ingredient is always the lower-tier contract, HMRC’s point of focus. There are some great new vendor management systems that will manage IR35 end-to-end compliance, and the UK’s HMRC will be announcing some radical changes to IR35 that will reduce the headaches for hiring companies.

Procurement 182

Procurement Vendor management Procurement team Contract 182

Let's Talk Supply Chain

AUGUST 28, 2023

Today Josh Dunham, CEO and co-founder at Reveel, will be telling me all about the challenges that led him to co-found Reveel; helping businesses to ship smarter and save more; advocating for their customers; and the importance of levelling the playing field. Our customers, at the time, didn’t have a lot of visibility into the data.”

Supply Chain Efficiency 98

Supply Chain Efficiency supply chain software solutions Data Price 98

Procurify

JULY 20, 2022

If you are a purchasing manager struggling to meet your saving targets, you’re not alone. . Although cost-saving has been a top priority for a long time, new requirements in procurement are surfacing and bringing challenges with them. Technological advancements are also rapidly changing the responsibilities of purchasing managers. .

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 52

ivalua

APRIL 7, 2022

This year, we centered our event around the theme “Stronger Together” to celebrate the collective challenges we have overcome and how we can move forward with renewed priorities. Leader Forrester CLM for Buy-Side Contract Suites, Q4 2021. Leader Forrester Supplier Value Management Platforms, Q1 2022. NEW Payments Solution.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Chief Procurement Officer Supply Chain Efficiency Sustainability 130

SCMDOJO

OCTOBER 27, 2023

Contract Negotiation: This negotiation involves discussions and agreements on the terms and conditions of the procurement contract. Supplier Selection Negotiation: Negotiating with potential suppliers to determine which one will be awarded the contract based on factors such as quality, price, and reliability.

Supplier negotiation 88

Supplier negotiation Negotiation Suppliers Supply Chain Efficiency 88

IBM Supply Chain Blog

FEBRUARY 13, 2024

Cost savings Selecting suitable suppliers to meet long-term business needs often results in contracts with more advantageous pricing and payment terms (like bulk pricing and reduced fees). Technology that streamlines and automates transactions and contract management can significantly reduce these errors and expedite sourcing processes.

Strategic sourcing 86

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 86

Shapiro Negotiations Institute

JANUARY 26, 2024

Right away he noticed that his procurement team, though talented and skilled in their trade, faced a few challenges while negotiating supplier and vendor contracts , as they were not formally versed in the nuances of negotiation. “SNI was flexible and willing to listen to our situation.

Negotiation 59

Negotiation Procurement Procurement team Vendor relationships 59

Supply Chain Game Changer

OCTOBER 13, 2022

Whether you have a small or big contract, a long-lasting freight partnership with a company you trust is critical, especially when your business’s logistics is on the line. Moreover, finding a reputable freight company that ticks all the boxes of what you’re looking for can often be a considerable challenge.

Supply Chain Efficiency 106

Supply Chain Efficiency Logistics Collaboration Data 106

Procurement Leaders

JUNE 20, 2023

Where goods can be easily bundled into larger contracts, the business relinquishes control to procurement to leverage the opportunities of scale. Last, and most challenging, are complex indirect categories. Evolving category maturity in procurement First, directs and commodified markets are subject to greater oversight and control.

Procurement team 147

Procurement team Procurement Influencing Buyers 147

Zycus Cognitive Procurement

SEPTEMBER 20, 2022

As the world continues to change at a rapid pace, category managers will need to be more nimble and adaptable than ever before. As a result, category managers must be prepared for continued evolution in shopping habits and be ready to adjust their strategies accordingly. Key challenges. Stay tuned! Transparent collaborations-.

Category management 59

Category management Management Price Sustainability 59