Procurement Insights

MAY 1, 2025

Risk Mitigation: Historical archives help identify recurring supplier issues, disruption patterns, and the effectiveness of past mitigation strategies, supporting more resilient procurement planning. Impact on Cost-to-Value Analysis Value Multiple Increase: With this unique archive, Procurement Insights value multiple would rise further (e.g.,

Procurement 40

Procurement Supplier relationship management Supply Chain Optimization Negotiation 40

The Good Spending

APRIL 2, 2023

Our colleagues tend to accept the business demand for granted and not try to understand or, God forbid, challenge it. When discussing value generation , we mainly mention category management, stakeholder relationships, and supplier innovation. The lion's share of procurement value could be created in the planning stage.

Procurement 98

Procurement Demand Planning Category management Budget 98

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. Coordinator will manage the incoming flow of end-user requests in the Middle Office.

Procurement team 52

Procurement team Procurement Category management Sourcing 52

Supply Chain Game Changer

MAY 26, 2020

With the promise of future business awards Procurement is largely responsible for finding and qualifying potential new suppliers. Once there is a pool of suppliers Procurement conducts and leads the quotation and supplier selection process culminating in the award of business.

Procurement 105

Procurement Purchase orders Supply Chain Optimization Ethics 105

Procurement Software

OCTOBER 1, 2024

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. We’re in 2024, and procurement teams are still getting trapped in administrative work and firefighting. Fast forward 25 years.

Procurement 52

Procurement Procurement team Real-time Visibility Influencing 52

The Good Spending

MARCH 3, 2024

Value-Procurement Framework for the Services Sourcing So, we just gradually reached the familiar ground of value delivery. Once you map a service you're about to source in any of the four proposed quadrants, you may identify the value promise and procurement strategy, as presented below.

Procurement 59

Procurement Sourcing Category management Procurement strategies 59

Claritum

OCTOBER 12, 2018

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. The Category Manager needs to become more integrated into key business processes and more consultative in nature.

Procurement 47

Procurement Eprocurement Category management Purchasing 47