The Good Spending

APRIL 2, 2023

Where's the procurement planning when you need one? 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. In some companies (and I'm quoting my own experience), procurement planning barely exists.

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Procurement Demand Planning Category management Budget 98

Procurement Insights

MAY 1, 2025

Powerful Complement: As noted in recent commentary, integrating historic archives serves as a powerful complement, not a competitor, to other procurement intelligence offerings. Supplier Relationship Management: Archives provide a full view of supplier performance over time, supporting better selection, development, and negotiation.

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Procurement Supplier relationship management Supply Chain Optimization Negotiation 40

Supply Chain Game Changer

MAY 26, 2020

Hey Procurement! ” Procurement organizations can have the power to spend and control as much as 75-80% of a company’s revenue. Less enlightened organizations still think of Procurement as a back office function processing transactional purchase orders and standard contracts. Procurement! Subscribe Here!

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Procurement Purchase orders Supply Chain Optimization Ethics 105

Procurement Software

OCTOBER 1, 2024

The year I first tasted procurement. Procurement, or purchasing as it was usually called back then, was definitely a back office function. Yes, there was some sourcing and supplier management involved as part of the team’s activity. Why does Procurement get labelled as a back office function? Fast forward 25 years.

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Procurement Procurement team Real-time Visibility Influencing 52

Claritum

OCTOBER 12, 2018

Claritum Article - Procurement Blog. Defining the Perfect Procurement World. Achieving the perfect Procurement world. Procurement needs to transform and continue to transform to align to the business. Procurement has to move away from a transaction based function and become an advisory resource.

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Procurement Eprocurement Category management Purchasing 47

The Good Spending

MAY 28, 2023

Building a High-Performing Procurement Team While efficient sourcing, negotiation, and supplier management are crucial for organizational success, the strength of the procurement team is equally important. This blog post will explore how the Belbin Team Role Theory can be applied in procurement.

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Procurement team Procurement Category management Sourcing 52

The Good Spending

MARCH 3, 2024

It all started in the attempt to understand the theoretical concept of servitization , i.e., the transformational shift from a product-centric to a service-centric business model and logic that we observe extensively in the area of IT procurement, in particular. My Udemy course "Value-based Procurement."

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Procurement Sourcing Category management Procurement strategies 59