Let's Talk Supply Chain

MARCH 21, 2024

The Russian war and attempted invasion of Ukraine and other global conflicts have made the safe passage of cargo across the Red and Black Seas more problematic than ever, while cutting off some major global suppliers. Q2 is just around the corner. The supply chain isn’t getting any less complicated.

supply chain budgeting 98

supply chain budgeting Supply chain Supply Logistics 98

Supply Chain Opz

MARCH 21, 2014

Background Even though re-shoring concept has been adopted more and more by companies of all sizes, maintaining the good control of overseas facilities and keep the good relationship with overseas suppliers is still very important. To drive cost of generic products down, using overseas suppliers is a very good option.

Supply chain 105

Supply chain Supply Global sourcing Quality 105

World of Procurement blog

APRIL 23, 2024

From managing supplier relationships to ensuring cost-effective purchasing, the performance of the procurement function can significantly impact a company's bottom line and reputation. Cost Savings Tracks the reduction in costs achieved by negotiating better terms, consolidating purchases, or finding more cost-effective suppliers.

Procurement 52

Procurement Supply Chain Efficiency Procurement team Quality 52

World of Procurement blog

APRIL 23, 2024

From managing supplier relationships to ensuring cost-effective purchasing, the performance of the procurement function can significantly impact a company's bottom line and reputation. Cost Savings Tracks the reduction in costs achieved by negotiating better terms, consolidating purchases, or finding more cost-effective suppliers.

Procurement 52

Procurement Supply Chain Efficiency Procurement team Quality 52

Procurement Tactics

JUNE 28, 2023

In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. What is Procurement Tracking? What is Procurement Tracking? Procurement Tracking is the process of monitoring and managing procurement activities.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Procurement Leaders

JANUARY 27, 2023

“What we found is if you build strong relationships with stakeholders and an understanding of what they need, now and in the future, you’re more likely to be able to do epic procurement deals and have a solid, robust strategy that continues to evolve over time.”

Risk 162

Risk Supply Chain Efficiency Management Supply chain 162

World of Procurement blog

APRIL 23, 2024

What is Procurement Software? Its functionalities range from supplier management, purchase order management, invoice management, spending analysis, to electronic tendering, and contract management. Software Types The procurement software landscape is diverse, with several types catering to different facets of the procurement process.

supply chain software solutions 52

supply chain software solutions Supply Chain Efficiency supply chain budgeting Procurement 52

World of Procurement blog

APRIL 23, 2024

What is Procurement Software? Its functionalities range from supplier management, purchase order management, invoice management, spending analysis, to electronic tendering, and contract management. Software Types The procurement software landscape is diverse, with several types catering to different facets of the procurement process.

supply chain software solutions 52

supply chain software solutions Supply Chain Efficiency supply chain budgeting Procurement 52

The Thomas Blog

NOVEMBER 9, 2022

Whether you're in need of new blood in your supply chain or trying to build up your list of diverse suppliers, Thomas can help save you time and hassle in sourcing exactly what you need. Using vendors like these is an important part of diversity requirements when working in or with the public sector, including the government.

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Suppliers Sourcing Buyers Supply chain 98

World of Procurement blog

APRIL 23, 2024

The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. Effective procurement strategies require a deep understanding of market trends, supplier landscapes, and the latest technologies.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

World of Procurement blog

APRIL 23, 2024

The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. Effective procurement strategies require a deep understanding of market trends, supplier landscapes, and the latest technologies.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

SCMDOJO

SEPTEMBER 18, 2023

Read More: Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities ] Diversifying Your Business Lingo: Synonyms for Procurement What are the synonyms of procurement, you might wonder? Sourcing plays a crucial role in building strong supplier relationships and achieving cost-effectiveness in the supply chain.

Procurement 99

Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 99

Supply Chain Opz

MARCH 21, 2014

Background Even though re-shoring concept has been adopted more and more by companies of all sizes, maintaining the good control of overseas facilities and keep the good relationship with overseas suppliers is still very important. To drive cost of generic products down, using overseas suppliers is a very good option.

Supply chain 61

Supply chain Supply Global sourcing Quality 61

World of Procurement blog

APRIL 23, 2024

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. Supplier Management: Identifying, evaluating, and engaging suppliers. Who is a Procurement Manager?

supply chain budgeting 52

supply chain budgeting Management Procurement Chief Procurement Officer 52

World of Procurement blog

APRIL 23, 2024

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. Supplier Management: Identifying, evaluating, and engaging suppliers. Who is a Procurement Manager?

supply chain budgeting 52

supply chain budgeting Management Procurement Chief Procurement Officer 52

ivalua

JULY 7, 2020

Of course, there have been big strides made in recent years to balance this out but the big question is – What Happens Next? I do hope it’s the latter and guess what, I believe Procurement is a key player in this. Overall, Procurement organisations can influence entire ecosystems of suppliers to develop with this balance in mind.

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supply chain software solutions Suppliers Procurement Strategic sourcing 130

World of Procurement blog

MAY 8, 2024

What is Procurement? Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations.

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Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Arkestro

JANUARY 23, 2024

Resources / Blog / What does a Procurement Manager do? Job Description, Skills, and Qualifications What does a Procurement Manager do? Procurement managers play a key role in this rapid growth, helping organizations optimize costs, negotiate favorable terms with suppliers, and ensure financial efficiency.

supply chain budgeting 52

supply chain budgeting Management Supply Chain Optimization Procurement 52

Supply Chain Game Changer

AUGUST 22, 2022

There are pros and cons to both global and local manufacturing , but ultimately, it’s important to consider what’s best for your company and your customers by conducting an internal audit. ” But what does that mean for the manufacturing industry? .” Where are your suppliers? Count the cost.

Supply chain 107

Supply chain Quality Suppliers Import 107

ivalua

DECEMBER 6, 2022

Nowadays, Procurement practitioners primarily talk about emerging topics like the reduction of scope 3 emissions, supplier-enabled innovation and supply risk management. The ultimate goal is to realize contracted savings and ensure that suppliers ‘perform to contract’. Previously published on Capgemini’s website.

e2e 130

e2e Suppliers Procurement Contract 130

Procurement Leaders

AUGUST 15, 2022

This trust leakage is apparent in many parts of life – whether we question the reality of what is posted online, of the diagnosis of our doctors, the directions of our teachers or the fairness displayed by our police forces. What does this mean? Trust is key – and trust has deserted us. Now is our time – use it or lose it.

Influencing 130

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IBM Supply Chain Blog

DECEMBER 13, 2023

It can nurture collaborative partnerships with suppliers and integrate ethical and environmental (green purchasing) considerations into the sourcing strategy. What is a procurement strategy? Building strong supplier relationships to encourage favorable contracts and service is also a common goal.

Procurement strategies 77

Procurement strategies Strategy Procurement Supply Chain Efficiency 77

Supply Chain Game Changer

JULY 14, 2021

This, they say, includes value delivery through supplier- enabled innovation (SEI); sustainability through environmental, social and governance (ESG) goals; as well as agility through digitalisation — all of which will enable the business to deliver on its growth agenda” (Procurement Leaders 2021). Procurement is Committed.

Sustainability 98

Sustainability Procurement supply chain budgeting Agile and Lean Supply Chain 98

Let's Talk Supply Chain

MARCH 23, 2023

Every month our Women in Supply Chain blog series brings you the female thought leaders who are making bold moves and shaking up the industry as we know it. Let’s Talk Supply Chain gives them a platform to share what drives them and how they are igniting real progress at their organizations. Find out more at sap.comscm 1.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions Supply chain 52

SupplyShift

JULY 6, 2021

The 2020 triad of health, economic, and racial justice crises has accelerated corporate thinking about diversity, equity, and inclusion (DEI). Today, whether through internal hiring initiatives, philanthropy, or community engagement, most major companies are engaged in diversity in some capacity. Why Supplier Diversity?

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply chain Supply Leadership 52

Bonfire

MAY 17, 2022

Whether the motivation is new legislation or funding requirements, increasing competition in your RFP responses, or supporting your community — there’s no wrong reason for public sector procurement teams to foster more diversity in their vendor pool. So how do you create vendor diversity initiatives in your organization?

Strategy 52

Strategy Contract Procurement team Suppliers 52

Strategic Sourceror

JANUARY 20, 2023

However, even as the public health crisis subsides, supply chain uncertainties persist, leading some manufacturers to reconsider some of their long-standing supplier relationships. " Medical facilities in the United States consider diversifying their suppliers to offset their overreliance on China.

Supply 62

Supply Strategic sourcing Strategic sourcing Suppliers 62

Let's Talk Supply Chain

JULY 27, 2022

Every month our Women in Supply Chain blog series brings you the female thought leaders who are making bold moves and shaking up the industry as we know it. Let’s Talk Supply Chain gives them a platform to share what drives them and how they are igniting real progress at their organizations.

Agile and Lean Supply Chain 115

Agile and Lean Supply Chain supply chain software solutions Supply chain Real-time Visibility 115

Spend Matters

NOVEMBER 20, 2023

Environment,’ ‘society’ and ‘governance’ can be such broad, overwhelming concepts that the details of what each goal means in terms of an organization’s strategy and process can get lost in translation. Similarly, regional variance plays an important role in informing the social impact of choosing which suppliers to engage. “In

Supply Chain Efficiency 93

Supply Chain Efficiency Sustainability Supply chain Strategy 93

Bonfire

JANUARY 25, 2023

So you want to create a vendor diversity program. What pieces should you have in place for success? The results became the City’s guide when creating their vendor diversity program. Gather, store, and use your data One critical piece of any procurement department is a system to collect vendor diversity data.

Bidding 52

Bidding Eprocurement Leadership Data 52

Empowering CPO

MAY 11, 2023

This includes labor rights, fair trade, diversity and inclusion, and community development. Goals This blog post aims to provide a comprehensive understanding of sustainable procurement and how organizations can effectively integrate environmental and social factors into their procurement processes.

Sustainability 52

Sustainability Procurement Supply Chain Efficiency Raw materials 52

The Thomas Blog

AUGUST 2, 2022

That means zeroing in on what materials you want to work in, what quantities and delivery schedules you’re best equipped for, and so on. And with that insight, you should be running to update all of your information with what prospective buyers can expect when working with you. Understand Your Current & Future Customers.

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Buyers Quality Ethics Export 144

Planergy

JANUARY 19, 2024

What's Planergy? That’s why vendor analysis is essential to any successful procurement process – it helps ensure that companies procure from reliable suppliers at competitive prices while adhering to applicable regulations. What is Vendor Analysis? Modern Spend Management and Accounts Payable software.

Vendor management 52

Vendor management Suppliers Quality Supply Chain Efficiency 52

Arkestro

JUNE 20, 2023

You may face challenges such as choosing reliable suppliers, controlling costs, and managing orders. This blog will cover the current challenges facing CFOs and procurement teams and several strategies that can be implemented to drive cost savings and increase efficiency.

Procurement strategies 52

Procurement strategies Supply Chain Efficiency Strategy supply chain budgeting 52

SupplyShift

JULY 6, 2021

The 2020 triad of health, economic, and racial justice crises has accelerated corporate thinking about diversity, equity, and inclusion (DEI). Today, whether through internal hiring initiatives, philanthropy, or community engagement, most major companies are engaged in diversity in some capacity. Why Supplier Diversity?

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply chain Supply Leadership 40

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! This blog will take a closer look at how Black Friday came to be, what it takes to make it happen, and how retailers can prepare for potential issues during the holiday season.

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Procurement supply chain software solutions Raw materials Supply Chain Efficiency 52

Positive Purchasing

DECEMBER 6, 2023

Increasing consumer pressure is a huge part of what is driving organizations to develop their sustainability initiatives and support improved human rights. Written by Jonathan O’Brien, leading procurement expert and CEO of Positive Purchasing Ltd. Inevitably, there are some supply chains that are riskier than others.

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