The Good Spending

NOVEMBER 4, 2024

These might include procurement recognition programs that acknowledge savings, risk management, and strategic sourcing wins. Team-based incentives reward sales and procurement for collaborative wins that drive profitability. My Udemy course "Procurement Lab." My Udemy course "Value-based Procurement."

Procurement

TYA Suite

JANUARY 27, 2025

Understanding Procurement Management in Real Estate Procurement in real estate involves acquiring goods, services, and works necessary for the development and maintenance of properties. From sourcing construction materials to hiring contractors, a well-organized is essential for timely project completion and cost control.

Real-time Visibility

Procurement Insights

MARCH 27, 2025

Based on the scope and industry, McKinsey and other sources often report AI failure rates between 70% and 85%. RAND Corporations 2024 research estimated that over 80% of AI projects fail, citing misalignment between leadership and technical teams. Data quality and scaling challenges are frequently mentioned.

Procurement

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

Pipefy

FEBRUARY 13, 2023

One of the tactical processes leveraged to realize strategic goals is the source-to-pay process. Here’s everything you need to know about source-to-pay, from what it looks like in practice to how source-to-pay automation can improve procurement efficiency. When is source-to-pay used?

Sourcing

Spend Matters

OCTOBER 23, 2023

In the world of business, procurement departments play a pivotal role in shaping an organization’s success. They are the gatekeepers of resources, responsible for sourcing goods and services that drive operations, impact profitability and influence overall efficiency.

Contract management

Procurement Tactics

APRIL 5, 2023

Procurement Strategy Course Take the lead with our proven 5-step procurement strategy 3. Additionally, adopting sustainability in procurement allows businesses to lead in reversing the damage done to the earth.

Sustainability

The Good Spending

DECEMBER 25, 2021

In fact, the importance of procurement was confirmed many decades ago upon the formulation of some classical economic theories. Here's the one for you - the Transaction Cost Theory applied to the Source-to-Pay process. Classical economic theories clearly support our ambitions to identify procurement among the firm's vital functions.

Sourcing

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.

Influencing

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. Sourcing plays a crucial role in building strong supplier relationships and achieving cost-effectiveness in the supply chain.

Procurement

Una

NOVEMBER 30, 2022

But procurement professionals and their executive leaders are realizing that digital procurement technology can create a better overall value proposition for their company, in addition to the traditional goal of finding more significant cost savings. 5 Benefits of digital transformation in procurement. The Future of Procurement.

Procurement

ivalua

DECEMBER 6, 2022

With Procurement as an end-to-end process owner, your organization will keep a grip on spend and compliance. In case a call-off against a contract by a requestor is not possible and a sourcing activity is required, I recommend centralizing these activities so that all spend goes through the hands of Procurement.

e2e

Procurement Insights

NOVEMBER 11, 2022

Specifically, that “efficient world-class supply management practice should involve multiple internal and external stakeholders” because “a successful source-to-settle workflow must look at the entire ecosystem that connects sourcing and procurement to accounts payable and treasury.” ” Mary Zampino.

Procurement

Procurement Tactics

JULY 2, 2023

Supplier Selection Another key factor to consider when making a successful job order is by identifying the right supplier for your procurement. Procurement professionals can assess the prospective suppliers on the basis of their ability and commitment to comply with the criteria and metrics need for your business procurement needs.

supply chain budgeting

Una

MAY 2, 2023

Like the anthropomorphic dog in the This is Fine meme , they’ve been denying the need to get to grips with their business spend despite a conflagration consisting of out-of-control costs, spiraling regulatory risk, and messy supplier relationships. Source Instead of launching procurement in a reactive panic, a lot of stress (and money!)

supply chain software solutions

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. The latest development in this ongoing saga is the acquisition of Jaggaer, a prominent Source-to-Pay (S2P) vendor, by Vista Equity Partners.

Procurement

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

Procurement Insights

SEPTEMBER 17, 2024

Here are 10 of the top procurement blogs in the industry, known for providing valuable insights, trends, and best practices: Spend Matters One of the most influential blogs in procurement, Spend Matters covers a wide range of procurement topics, including technology, supplier management, and sourcing trends.

Chief Procurement Officer

The Good Spending

APRIL 2, 2023

My Udemy course "Adaptive Sourcing: Agile Procurement in Practice." More information on this and other exciting topics can be found in "The Technology Procurement Handbook." My Udemy course "Foundations of Contracts and Outsourcing."

Procurement

World of Procurement blog

JANUARY 19, 2022

With remote working being the norm, with the disjointed nature of working, ensuring you have a single source of truth for your supplier information is the key to unlocking value in your supply chain. Procurement Tech can automate so many parts of your process that you hardly need to consider them.

Procurement

The Good Spending

JANUARY 3, 2024

Moreover, SaaS procurement often involves a pay-as-you-go pricing structure, providing cost predictability and easy scale-up and down of the license mix. Despite its advantages, SaaS procurement is complex. My Udemy course "Adaptive Sourcing: Agile Procurement in Practice."

Negotiation

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

Una

JUNE 6, 2024

One powerful way procurement can contribute is through intentional supplier selection and management. By prioritizing local and minority-owned businesses , procurement can ensure that a company’s economic impact stays within the community.

Procurement team

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. There’s also the lack of overall ownership of the problem.

Data

Procurement Software

FEBRUARY 20, 2024

Apadua Apadua is a professional services sourcing software, based in Cologne, Germany. Founded in 2016, the company is led by two experienced procurement and management experts. In addition, Explore uses information from Source and Monitor to update its database. M&A) The solution gives you full spend visibility.

Supply Chain Efficiency

Zycus Cognitive Procurement

DECEMBER 15, 2022

Supply chain management has long been characterized by the need to source and aggregate goods from various vendors, manufacturers, and suppliers across a wide geographic area. Supply chain resilience refers to the ability of businesses to anticipate and adapt to threats and disruptions while maintaining optimal performance levels.

Supply chain management

Jaggaer

JUNE 28, 2024

Despite the improved economic outlook, half of procurement and finance professionals report that inflation, recession risk, and monetary policy changes are having a major or severe impact on their business.

supply chain budgeting

World of Procurement blog

APRIL 23, 2024

Spend Analysis Tools: Provide insights into spending patterns, helping businesses identify savings opportunities and improve procurement strategies. E-Sourcing Software: Facilitates online bidding and tendering processes, enabling transparent and efficient supplier selection.

supply chain software solutions

World of Procurement blog

APRIL 23, 2024

Spend Analysis Tools: Provide insights into spending patterns, helping businesses identify savings opportunities and improve procurement strategies. E-Sourcing Software: Facilitates online bidding and tendering processes, enabling transparent and efficient supplier selection.

supply chain software solutions

Procurify

MAY 12, 2022

One focuses on transactional functions, for example, while the other focuses on the strategic process of product sourcing. In this guide, we clarify any confusion on the difference between procurement and purchasing, and deep dive into each area. What is procurement? An effective procurement strategy can do many things.

Purchasing

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

The Good Spending

MAY 27, 2024

In the farm-to-table movement, restaurants source ingredients directly from local farmers rather than through wholesalers. My Udemy course "Adaptive Sourcing: Agile Procurement in Practice." More information on this and other exciting topics can be found in "The Technology Procurement Handbook." Example : Farm-to-table.

Supply Chain Efficiency

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. Implementers will conduct sourcing to demonstrate their famous attention to detail in executing the Category Strategy.

Procurement team

The Good Spending

SEPTEMBER 25, 2024

My Udemy course "Procurement Lab" My Udemy course "Foundations of Contracts and Outsourcing." My Udemy course "Adaptive Sourcing: Agile Procurement in Practice." More information on this and other exciting topics can be found in "The Technology Procurement Handbook."

Procurement

Barkers Procurement

JUNE 21, 2023

Procurement Department A BSM platform will drive down costs The visibility that a BSM platform provides means that controlling costs becomes a much easier task. A BSM platform removes user error, shining a spotlight on this area of the business.

supply chain budgeting

Barkers Procurement

DECEMBER 5, 2024

Sunbelt selected the world-class spend management solution provider Coupa Software, choosing to implement the full suite of Coupa products to satisfy a variety of use cases across procurement, invoice automation, inventory, risk management and sourcing. Over 120 digital catalogues were considered.

supply chain software solutions

The Good Spending

OCTOBER 16, 2023

My Udemy course "Adaptive Sourcing: Agile Procurement in Practice." More information on this and other exciting topics can be found in "The Technology Procurement Handbook." My Udemy course "Foundations of Contracts and Outsourcing."

Negotiation