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.

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Procurement contracts Contract Procurement Negotiation 52

Procurement Insights

JANUARY 12, 2024

However, the heart of source-to-pay lies in indirect goods and services – the domain of the Chief Procurement Officer (CPO). For those of you who have been following this blog over the past 16 years – and those who have been following me longer, you know where I am going with this post.

Chief Procurement Officer 64

Chief Procurement Officer Negotiation Procurement Buyers 64

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

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

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 80

Inventory control Inventory supply chain budgeting Supply Chain Optimization 80

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

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

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

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

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

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 113

Supply chain Supply Supply chain management Supply chain management 113

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

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 65

Supply Chain Optimization Supply chain Leadership Supply chain management 65

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

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

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

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

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

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

Supply Chain Game Changer

OCTOBER 29, 2020

Do You Have Hidden Freight Costs? Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. Whether you are a BCO (Beneficial Cargo Owner), Freight Forwarder or NVOCC it is essential that you get this critical component right. GET our EBOOK HERE.

Supply Chain Efficiency 75

Supply Chain Efficiency Sourcing Negotiation Supply chain 75

Empowering CPO

JUNE 14, 2023

Introduction In today’s competitive and interconnected business environment, the ability to negotiate effectively has become a fundamental skill that plays a pivotal role in the procurement process. The role of a procurement professional, sometimes known as a purchasing agent or supply chain manager, is crucial in any organization.

Negotiation 40

Negotiation Strategy Procurement Import 40

Zycus Cognitive Procurement

JANUARY 20, 2023

IOFM’s article on the painpoints in accounts payable in a good read for finance leaders to know on the different painpoints and challenges faced by AP teams across organizations. Even with best quality documents, OCR tools often fail to deliver accuracy greater than 60%. It should support multiple languages and scripts.

Real-time Visibility 52

Real-time Visibility e2e Data Suppliers 52

World of Procurement blog

JULY 27, 2021

What is Procurement? Procurement is more than buying goods and services. The definition of Procurement is “the process or act of procuring”. You were probably expecting us to state it is “to buy or purchase a service or an object”. Procurement is a vital part of Supply Chain Management. That sucks!

Procurement 52

Procurement Procurement team supply chain budgeting Contract management 52

World of Procurement blog

MAY 8, 2024

The types of contracts that typically require robust management include: Procurement contracts - Agreements with suppliers and vendors for goods, services, and materials. Many have law degrees or procurement training. Access control - Manage user roles and permissions to ensure contract visibility on a need-to-know basis.

Contract management 52

Contract management Contract Management e2e 52

Supply Chain Game Changer

SEPTEMBER 5, 2019

If you’ve never seen the film, treat yourself by watching this clip below, and directly after you finish this blog, do yourself a favor and stream the entire film. Now… Is there something to be learned from this quote in Finding Nemo, that we can apply to procurement and sourcing? So here we are. Creating Shared Value.

Suppliers 54

Suppliers Supply Chain Efficiency Buyers Supplier relationship management 54

HICX

DECEMBER 1, 2022

From a practical perspective, ‘ supplier centricity ’ in the context of Supplier Experience Management means removing friction from every aspect of the relationship for all suppliers across the board. This is a much newer phenomenon but it’s one we know that some of the most forward-thinking organizations are addressing.”.

Suppliers 52

Suppliers e2e Import Demand 52

Supply Chain Game Changer

NOVEMBER 28, 2018

Blog originally published at, and permission to publish here provided by Sam Jenks at, [link]. But, unlocking collaborative supplier innovation requires clearly defined strategies and operations by a sourcing, procurement and/or purchasing team to ensure that suppliers’ competencies are being leveraged to their fullest potential.

Innovation 59

Innovation Collaboration Suppliers Procurement team 59

Supply Chain Game Changer

FEBRUARY 16, 2020

We completed extensive research, watched a lot of how-to clips, purchased some best practices resources, discussed/strategized amongst ourselves at length, developed ground rules, consolidated a plan, and continuously reviewed our methods and performance throughout Charlie’s first 15 months of training. We were well prepared.

Procurement 54

Procurement Supplier relationship management Suppliers Supply Chain Efficiency 54

Supply Chain Game Changer

NOVEMBER 9, 2018

What do you do when your Lean program at work suffers the same fate? How do you know when your improvement program needs to be improved? I also believe that when you tour a facility it is better not to take the “Tourist” tour. Program Practiced By Very Few Employees. The Starting Point!

Agile and Lean Supply Chain 55

Agile and Lean Supply Chain Real-time Visibility Supply Chain Optimization Management 55

Supply Chain Game Changer

MAY 5, 2021

As everyone in Supply Chain Management knows today, the field has come a long way. It’s something we’ve written about a lot on the Argentus Blog. Companies should work to provide value to suppliers, through new models and offerings, rather than simply squeezing them for costs.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain Strategy 52