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?

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The Good Spending

MAY 13, 2024

NHS soon announced that the procurement process for the program would be structured to attract global IT players. Procurement learnings Unrealistic deadlines? How did procurement award contracts to at least two suppliers who relied on iSoft without a working platform? My Udemy course "Value-based Procurement."

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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.

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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?

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Management Procurement Contract Contract management 52

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.

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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.

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Procurement Supply Chain Efficiency Supply Chain Optimization Supply chain 97

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.

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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.

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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.

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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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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.

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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 Ethics Supply Chain Optimization 105

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.

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Una

JUNE 22, 2023

Taking an Advisory Approach to Procurement An inside look at how Una, the nation’s fastest growing group purchasing organization, works to take an advisory approach to procurement. Far too often, however, procurement departments are overworked and understaffed.

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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.

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Positive Purchasing

NOVEMBER 7, 2022

Annabel Kaur-Barry, who leads digital and production procurement globally for Interpublic Group (IPG) – one of the ‘big four’ global advertising agencies – looks at sustainable procurement in the creative industry. Say, for example, you’re procuring an advert for a product launch. Communication is the simple answer.

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Pipefy

MAY 23, 2023

In its long history , procurement has evolved from self-contained purchasing entities to an essential business partner handling processes involving several departments and many subprocesses. Because of this, carrying out its operations manually is time-consuming and incredibly expensive for businesses.

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Procurement Insights

JULY 31, 2023

I opened my inbox, and as I was sipping my second cup of coffee, I noted the following email (see image below): While waiting for the caffeine to kick in, three Procurement Insights posts from the past immediately came to mind. December 5th, 2007 – Microsoft Acquires SAP? (A

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Procurement Price Innovation Purchasing 52

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?

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Purchase orders Purchasing supply chain software solutions Buyers 200

Empowering CPO

JUNE 9, 2023

The Importance of Procurement in Business Procurement is the lifeblood of any business. It is the process of sourcing, negotiating, and purchasing the goods and services a business requires to carry out its operations. They are a subset of metrics that are directly tied to business objectives.

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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.

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Empowering CPO

JULY 17, 2023

Introduction Brief Explanation of the Role of Procurement in Businesses Procurement is the lifeblood of any business, large or small. It’s the complex process through which businesses source and acquire the goods and services they need to operate and grow.

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Arkestro

MARCH 2, 2023

Businesses are cutting costs, but the Bureau of Economic Analysis states that as of January 2023, we are not in a recession. Procurement has already survived the hectic times of COVID, and many people in the industry are feeling economic anxiety for what’s to come. Is procurement heading for a recession? Let’s find out!

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Arkestro

MARCH 2, 2023

Businesses are cutting costs, but the Bureau of Economic Analysis states that as of January 2023, we are not in a recession. Procurement has already survived the hectic times of COVID, and many people in the industry are feeling economic anxiety for what’s to come. Is procurement heading for a recession? Let’s find out!

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Una

NOVEMBER 1, 2023

For procurement professionals in particular, being aware of non-verbal communication is absolutely essential, especially in situations of high intensity or where first impressions make the difference in measurable outcomes. In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Laura Scarfe.

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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.

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The Good Spending

JULY 27, 2022

Is there a procurement seat at the management table? Procurement has been tirelessly trying to claim its seat at the management table for years. We will review the classical Stakeholder Salience Theory to weigh the procurement chances of getting noticed and respected. Procurement aims to become a source of value.

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Skill Dynamics

OCTOBER 26, 2022

LONDON, 26th October 2022: More than half (53%) of senior procurement professionals say that retention in their function has decreased in the last three years – and 47% admit this is a problem, according to a report released today by high-impact digital training provider, Skill Dynamics.

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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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Procurify

MAY 24, 2022

If it sounds familiar, you’d agree that manual procurement is very tedious and time-consuming. This explains why more organizations are adopting an e-procurement strategy. You need to create an e-procurement strategy that will guide your business procurement and supply processes.

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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. .

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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 .

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Empowering CPO

JUNE 30, 2023

Introduction Welcome to our comprehensive guide to managed procurement services. As a procurement services company, EmpoweringCPO is delighted to provide you with insights and information that will help you understand, evaluate, and leverage these services for your business. So, what exactly are managed procurement services?

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Management Procurement Supply Chain Efficiency Strategic sourcing 40

HICX

DECEMBER 15, 2022

For this episode of the Supplier Experience Live Podcast, we were joined by David Yarkin , Founder and CEO of Procurated , and a former CPO. David is a procurement practitioner who has spent nearly twenty years working in a number of organizations both in the public and private sectors. Digital transformation in procurement.

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The Good Spending

JANUARY 16, 2023

The " Value-based Procurement" online course is now live on Udemy. Value-based Procurement": Your well-deserved procurement seat at the executive table. Procurement value became the second-popular buzzword in procurement after "agile." Conduct exercises on different aspects of value-based procurement.

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The Good Spending

JANUARY 8, 2022

The confrontation between procurement and stakeholders One of this blog's readers recently wondered why procurement constantly conflicts with stakeholders and fails to understand them. Routines as truce Intuitively, our area of interest is when procurement and stakeholders tend to establish the truce.

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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.

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