The Good Spending

NOVEMBER 4, 2024

The comparison—where a $100K sales win gets a $10K bonus, but saving $100K on a procurement contract gets nothing—might seem like a compelling argument for unfairness at first glance. However, this comparison oversimplifies the complex roles of sales and procurement teams. Let’s unpack this misconception from different angles.

Procurement

TYA Suite

JANUARY 27, 2025

This comprehensive solution streamlines procurement activities, improves and provides transparency across the entire supply chain. Understanding Procurement Management in Real Estate Procurement in real estate involves acquiring goods, services, and works necessary for the development and maintenance of properties.

Real-time Visibility

Procurement Insights

MARCH 27, 2025

ABOUT PGSCP With 163,933 members, PGSCP is one of the oldest and first LinkedIn groups created for procurement professionals and the industry. As a Procurement Insights reader, you will also have access to download the final paper, so please make your vote count. The group’s Founder, James E.

Procurement

Procurement Insights

APRIL 25, 2025

As both a practitioner, provider, and industry analyst with 43 years in high-tech and procurement, I was recently asked the following two questions: Are you suggesting that you could do a better job of reversing the high generational failure rate of ProcureTech solutions? From The Sidelines To. And just remember, YOU asked me!)

Supply chain resilience

Procurement Insights

JANUARY 24, 2025

A Little History Lesson Take a few moments to read the following Procurement Insights post: Revised Forrester Wave Report confirms what I have been saying since 2007. Unfortunately, an alarmingly growing trend explains why only 20% of successful ProcureTech initiatives succeed, and 80% continue to struggle or fail outright. billion in 2022.

Procurement

Procurement Insights

JANUARY 22, 2025

In a business context, the constraint could be: A production bottleneck in manufacturing. A slow supplier in procurement. Example: If a slow approval process is the constraint in procurement, optimizing workflows, reducing paperwork, or automating approvals can help. A skill shortage in human resources.

Supply Chain Optimization

Procurement Heads

NOVEMBER 14, 2022

All your well-made plans will be changed as you imbed yourself into the company projects and requirements so it is good to keep the following in mind – Comprehend The Business, Understanding The Procurement Structure and Strategise For The Future. Comprehend the business. Understanding the procurement structure.

Procurement

Procurement Tactics

APRIL 5, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Procurement Business Drivers — Embracing Sustainability Sustainable procurement business drivers are the factors why many businesses embrace sustainability within their operations.

Sustainability

ProcurePort

SEPTEMBER 30, 2022

• Procurement is the business of sourcing goods and services from vendors. Depending on the size of the organization and the unique needs of the business, procurement can be quite complex. • The post The Procurement Management Process: Managing the Bottom Line appeared first on ProcurePort Blog.

Management

ProcurePort

MARCH 8, 2022

As the world continues to grapple with COVID-19, procurement professionals are looking to find ways to continue creating value. It’s clear that businesses need more resilient supply chains to continue fulfilling business procurement needs. They […].

supply chain software solutions

Procurement Heads

NOVEMBER 15, 2022

All your well-made plans will be changed as you imbed yourself into the company projects and requirements so it is good to keep the following in mind – Comprehend The Business, Understanding The Procurement Structure and Strategise For The Future. Comprehend the business. Understanding the procurement structure.

Procurement

Spend Matters

JANUARY 12, 2024

Spend Matters is publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. In no order of preference, other than by the date they arrived in our inbox, today let’s hear from Amazon Business.

Procurement solutions

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!

Procurement

Procurement Tactics

JULY 2, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. Job orders also set out clearly the path for procurement professionals to enable them to execute the procurement process efficiently.

supply chain budgeting

Una

NOVEMBER 30, 2022

Value Creation Through Digital Transformation in Procurement. But COVID also revealed the growing value placed on the expertise of procurement professionals and a shifting company viewpoint from back-office worker bees to valued C-suite consultants. Prioritizing a digital procurement strategy to gain competitive advantage.

Procurement

Procurement Tactics

JUNE 22, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. While these two may seem similar, they serve different purposes and are used at various stages of the procurement process. What is a Sales Order?

Purchase orders

Supply Chain Game Changer

JULY 14, 2021

Featuring Our 12 Best Procurement Articles! Procurement and Sustainability are your business’ Yin and Yang. Procurement and Sustainability are two disciplines and business functions that exist in a perfectly harmonious contradiction. Procurement is fundamentally centered around the act of acquisition and/or buying.

Sustainability

The Good Spending

APRIL 2, 2023

Where's the procurement planning when you need one? In some companies (and I'm quoting my own experience), procurement planning barely exists. Our colleagues tend to accept the business demand for granted and not try to understand or, God forbid, challenge it. Business units start collecting and aggregating their demand.

Procurement

SCMDOJO

SEPTEMBER 18, 2023

Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. So, get ready to elevate your communication skills and gain a deeper understanding of the procurement domain.

Procurement

Procurement Insights

AUGUST 14, 2024

The procurement software landscape has witnessed significant shifts over the past few years, with private equity firms increasingly taking center stage. Such disruptions can have far-reaching consequences for a solution like Source-to-Pay, which is traditionally considered the operational lifeline for procurement departments.

Procurement

Procurement Insights

NOVEMBER 11, 2022

I came across the article “How Procurement Has Bridged The Gap With Finance” by SIG’s Vice President – Content, Research & Analytics, Mary Zampino. Over my many years in this business, procurement has usually been seen as a transactional arm of finance—little more than a functional appendage.

Procurement

ivalua

MARCH 1, 2022

In late 2021, The Hackett Group asked Procurement Leaders about their strategic priorities and initiatives for the coming year. After a rollercoaster 2021, how do we pivot and plan for a successful Procurement strategy in 2022? . We expect procurement organizations will continue to enhance visibility, agility, and capability. .

Agile and Lean Supply Chain

Procurement Insights

MARCH 5, 2024

I remember writing a post in 2015 about procurement’s “Generation Next” and the new capabilities they were bringing to the table. – [link] Here we are in 2024 – almost a decade later- and do the skills needed to excel in procurement align with the requirements of a very different world? Strategic thinking.

Procurement

Spend Matters

OCTOBER 23, 2023

In the world of business, procurement departments play a pivotal role in shaping an organization’s success. However, in today’s fast-paced and data-driven landscape, simply managing procurement through traditional methods is no longer sufficient. AnyData is one such data expert.

Contract management

Una

MAY 2, 2023

When Should My Small Business Create a Procurement Function? Tips for small business owners on how to implement a procurement function as your organization scales – and before it’s too late. Because in our experience, small business owners inevitably reach for the procurement lever waaaaay too late.

supply chain software solutions

ivalua

DECEMBER 6, 2022

Author: Hubert Verweij , Head of Procurement Transformation, Capgemini Invent Sweden and Finland. Nowadays, Procurement practitioners primarily talk about emerging topics like the reduction of scope 3 emissions, supplier-enabled innovation and supply risk management. Procurement as end-to-end process owner .

e2e

Claritum

NOVEMBER 16, 2018

Claritum Article - Procurement Blog. Address Procurement Strategy. Focus Procurement on supplier optimisation. Don’t lose Procurement’s focus on costs. Keep Procurement up to date. Procurement is a complex multidisciplinary team activity that crosses all areas of the business. Introduction.

Procurement

The Supplier Experience

DECEMBER 13, 2022

The Role of Technology in the Future of Procurement with David Yarkin. For this episode of the Supplier Experience Live Podcast, we were joined by David Yarkin , Founder and CEO of Procurated , and a former CPO. Digital transformation in Procurement. Why the suppliers’ perspective is important for procurement professionals.

Procurement

Barkers Procurement

OCTOBER 2, 2023

Why A Procurement Managed Service Can Transform Your Business Procurement is about more than just acquiring goods and services at the right time and at the best price for your business. You have to plan your procurement and align it with the overarching goals of the organisaton. Can you get them cheaper?

Management

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. We’re in 2024, and procurement teams are still getting trapped in administrative work and firefighting. Why does Procurement get labelled as a back office function? Don’t get me wrong.

Procurement

Procurement Software

OCTOBER 17, 2023

Procurement spend data is often unstructured, difficult to interpret and unreliable as a source of truth. Poor data quality is one of the biggest challenges that procurement leaders face when embarking on a digital transformation or procurement excellence journey. Procurement’s dirty spend data: why, and what to do?

Data

Barkers Procurement

NOVEMBER 15, 2023

There are several different reasons why you might wish to optimise your procurement department. Your business or organisation could be entering a new growth phase or a growth strategy phase. Then there are more straightforward business reasons such as the need to control costs and increase profitability.

Procurement

The Good Spending

JUNE 14, 2024

Some applications of Nudge Theory in procurement Nudges can make procurement processes and governance less disturbing for end-users and contribute to value creation. They don't understand or appreciate procurement governance; they must buy stuff as soon as possible with minimal involvement. My Udemy course "Procurement Lab."

Procurement

World of Procurement blog

APRIL 23, 2024

In the ever-evolving landscape of business operations, staying ahead in managing procurement processes efficiently is crucial. Enter Procurement Software, a transformative suite of tools designed to streamline purchasing activities and supply chain management. What is Procurement Software?

supply chain software solutions

World of Procurement blog

APRIL 23, 2024

In the ever-evolving landscape of business operations, staying ahead in managing procurement processes efficiently is crucial. Enter Procurement Software, a transformative suite of tools designed to streamline purchasing activities and supply chain management. What is Procurement Software?

supply chain software solutions

The Good Spending

DECEMBER 14, 2023

SaaS procurement negotiations in today's business ecosystem have evolved to encompass multifaceted strategic considerations beyond traditional software purchases. Understanding Modern SaaS Procurement SaaS procurement negotiations extend far beyond cost considerations.

Negotiation

Pipefy

DECEMBER 18, 2023

Improvements to existing procurement processes, procedures, and operations are as time-sensitive as ever. In the 2024 State of Procurement Data Report by Amazon Business, 95% of decision-makers surveyed acknowledge that there’s room for procurement optimization. Growing investments in procurement technology.

Procurement