World of Procurement blog

APRIL 23, 2024

Introduction to the Procurement Lifecycle The procurement lifecycle encompasses all activities related to acquiring goods and services from external sources. Mastering it can lead to significant cost savings, improved efficiency, and enhanced quality of products or services purchased.

Purchase orders 52

Purchase orders Procurement Quantity Budget 52

SCMDOJO

OCTOBER 27, 2023

Effective supplier negotiations do not limit to the best price but a mutually beneficial agreement from both the parties that can have a profound impact on the company. It requires an in-depth knowledge of procurement processes to be able to bring the supplier on a mutual agreement. can be more benefitting than the price only.

Supplier negotiation 88

Supplier negotiation Negotiation Suppliers Supply Chain Efficiency 88

SCMDOJO

NOVEMBER 17, 2023

In this blog, explore vital tips paving the way for a prosperous career in supply chain management. Master Production Scheduling: Creating a statement of anticipated manufacturing schedules, evaluating plant capacity, and aligning with strategic business objectives.

Agile and Lean Supply Chain 70

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

ivalua

FEBRUARY 8, 2023

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Set expectations with suppliers.

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Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

World of Procurement blog

APRIL 23, 2024

Each step, from the initial drafting to the final agreement, is pivotal in ensuring the expedition reaches its desired destination. Fixed Price Contracts The cornerstone of predictability, fixed price contracts, offers a sanctuary of stability in the fluctuating economy, setting a pre-determined price for specified services or products.

Procurement contracts 52

Procurement contracts Contract Procurement Negotiation 52

SCMDOJO

SEPTEMBER 4, 2023

In this effort, Logistics Service Providers (LSPs) are essential because they provide a variety of supply chain management solutions that simplify warehouse operations, order processing, and transportation. Depending on the organizational need and request there are a set of different types of LSP, ranking from 1PL up to 6PL.

Logistics 94

Logistics Supply Chain Efficiency Supply Chain Optimization Negotiation 94

Arkestro

JANUARY 23, 2024

Resources / Blog / What does a Procurement Manager do? The best procurement managers are masters of risk mitigation and budget management, while also maintaining high quality standards and a competitive edge. Procurement Manager Job Description A procurement manager oversees the process of buying goods and services for an organization.

supply chain budgeting 52

supply chain budgeting Management Supply Chain Optimization Procurement 52

Barkers Procurement

JUNE 28, 2023

Mastering Contract Negotiation – A How-To Guide – In a perfect world, a supplier would just provide you with their service or product at the price you want without any hesitation. You should also decide upon a BATNA (a best alternative to a negotiated agreement). But we don’t live in a perfect world.

Negotiation 52

Negotiation Contract Price Suppliers 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

Let's Talk Supply Chain

JUNE 22, 2023

Every month our Women in Supply Chain blog series highlights the unstoppable, up-and-coming, and veteran female trailblazers who are forever changing the logistics and manufacturing industry—for the better. Women in Supply Chain blogs explore everyday obstacles women supply chain leaders navigate behind the scenes.

Agile and Lean Supply Chain 104

Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions Supply chain 104

World of Procurement blog

JULY 27, 2021

My time in the UK Civil Service was a harrowing experience of traditional ways of working that do not correlate with the 21st century. This wasn't just a plague within the Civil Service as I navigated large Defence Primes who had this issue too. Let's go into some granular detail about why you need a CLM system in your Business.

Contract management 52

Contract management Contract Management Contract administration 52

Empowering CPO

JUNE 14, 2023

Negotiation is more than just haggling prices; it’s an art, a dance of strategic conversations aimed at reaching agreements that satisfy all parties involved. Their responsibilities go beyond simply purchasing goods or services. But the importance of negotiation in procurement extends beyond the immediate transaction.

Negotiation 40

Negotiation Strategy Procurement Import 40

Positive Purchasing

MARCH 8, 2023

Be yourself and play to your strengths, advises global negotiation master Jonathan O’Brien, and it is OK to bluff – provided you don’t get caught! This could be an unexpected retrospective volume bonus from last year, a service improvement resulting from innovations you have already implemented, or another credible concession.

Negotiation 59

Negotiation Import Purchasing Sourcing 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

IBM Supply Chain Blog

JULY 6, 2023

Data science use cases Data science is widely used in industry and government, where it helps drive profits, innovate products and services, improve infrastructure and public systems and more. In 1962, a checkers master played against the machine learning program on an IBM 7094 computer, and the computer won.

Data 57

Data Sourcing Collaboration Innovation 57

World of Procurement blog

APRIL 12, 2021

The Contractual Agreement may not reflect the positions you’ve negotiated and unless you understand your Contracts, how are you going to know this? However, to keep this simple, it is usually the exchange of the Buyer's finances for goods or services by the Supplier. Data Protection I’m going to keep this fairly light.

Contract 52

Contract Procurement supply chain software solutions Buyers 52

World of Procurement blog

JUNE 17, 2021

How will goods/services be delivered? You are thinking about how this contract for goods or services could be delivered and how that works for you. You may need a framework agreement or a Master Services Agreement. What are the Contract Management Activities? This is how it should be.

Contract management 52

Contract management Contract Management Contract administration 52

ivalua

FEBRUARY 11, 2021

-first agenda while negotiating Federal Trade agreements that offered no standard approach. We had a shift away from NAFTA, and new agreements with Mexico and Canada were signed into law about a year ago.” The challenge is to become masters of taking that data and gaining value and intelligence from it.”.

Procurement 246

Procurement supply chain budgeting Real-time Visibility Supply chain 246