Art of Procurement

NOVEMBER 1, 2022

The AOP Buyer Power Score is a content offering created in partnership with ProcurementIQ that rates the balance of power. The post Buyer Power Score – Intermodal Container Rental appeared first on Art of Procurement.

Buyers 52

Buyers Procurement Category management Contract 52

Art of Procurement

AUGUST 23, 2022

The AOP Buyer Power Score is a content offering created in partnership with ProcurementIQ that rates the balance of power. The post Buyer Power Score – Trade Show Displays appeared first on Art of Procurement.

Buyers 52

Buyers Procurement Category management Contract 52

Spend Matters

MARCH 11, 2024

It is especially important for midsize to large public institutions or private sector companies that don’t have the luxury of a large procurement team but still need to manage spend in the most efficient and effective manner. It is exactly the kind of challenge that VORTAL addresses.

Procurement solutions 101

Procurement solutions Sourcing Procurement Market analysis 101

Procurement Leaders

JUNE 20, 2023

The maturity of individual categories can also be a function of buyer capabilities and stakeholders’ appreciation of procurement’s value. Even if a category is gifted by the most forward-thinking buyer at the tiller, if the business ignores their skill and avoids the process, then progress is unlikely to be made.

Procurement team 147

Procurement team Procurement Influencing Buyers 147

The Procuretech Podcast

OCTOBER 16, 2022

Kelly Barner, founder of Buyers Meeting Point and partner at Art of Procurement, a very warm welcome to the show! The View on Tech from Both Sides - Kelly Barner from Buyers Meeting Point. Current economic headwinds might have Category Managers looking over their shoulders and uncertain about the future. Stay in touch.

Buyers 40

Buyers supply chain software solutions Category management Influencing 40

Spend Matters

AUGUST 22, 2023

So it’s the buyer’s job to understand the cost structure of the category they are buying,” he says. Understanding the cost (and cost drivers) of labor, raw materials, transportation and so on, must be in the remit of the buyer and are a key element in Category Management. See our Design for Supply series.

Raw materials 69

Raw materials Suppliers Price Buyers 69

ivalua

JANUARY 30, 2023

You need emission data that will allow category managers and buyers to report emissions tied to their organization’s purchasing activity at a category or product level. Formalize the reporting of Scope 3 emissions, reduction targets, progress, etc.

Procurement 130

Procurement Category management Suppliers Data 130

ivalua

JANUARY 30, 2023

You need emission data that will allow category managers and buyers to report emissions tied to their organization’s purchasing activity at a category or product level. Formalize the reporting of Scope 3 emissions, reduction targets, progress, etc.

Procurement 130

Procurement Category management Suppliers Data 130

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. In this guide, we’ll explore the key principles of category management and how it can benefit your organization.

Category management 76

Category management Management Supplier relationship management supply chain software solutions 76

Spend Matters

SEPTEMBER 28, 2022

Categories: Category Management , Procurement Systems & Architecture , Supply Chain , Supply Chain Management , Supply Risk Management Tags: PRO This Spend Matters PRO Vendor Analysis gives an overview of Interos, a supply chain risk management (SCRM) solution built to map and model a live global view of a company’s business ecosystem.

Risk management 85

Risk management Risk Supply chain Management 85

Spend Matters

DECEMBER 15, 2023

In addition to upskilling procurement professionals, from buyers to category managers, in digital processes and technology, procurement leaders will need to hone in on the strategic aspects of procurement that are core to humans and continue to invest/upskill in those areas as well.

Procurement solutions 90

Procurement solutions Procurement Agile and Lean Supply Chain Contract 90

Spend Matters

MARCH 8, 2023

Categories: Procurement Strategy & Planning , Procurement Systems & Architecture , Strategic Sourcing Tags: PRO In this Spend Matters PRO Vendor Analysis, we give an overview of akirolabs, a category strategy management solution built to support the transformation of procurement from a tactical function to the role of value orchestrator.

Strategy 75

Strategy Strategic sourcing Strategic sourcing Management 75

Spend Matters

JUNE 21, 2023

But over the next 20 years, we gradually saw clearer regulation and guidance about the use of these important tools for public sector buyers. Frameworks became a useful tool, saving time, resources and money, because buyers did not have to run an entirely new, advertised and open process every time they wished to make a purchase.

Buyers 78

Buyers Suppliers supply chain budgeting Contract 78

Spend Matters

JANUARY 11, 2023

The solution’s flexibility extends to other use cases like category management and innovation which benefit from capturing relevant news and information, thus setting Owlin apart from other SxM/Risk Management solutions. to provide outside-in and contextual insights.

Risk 72

Risk Data Category management Risk management 72

Positive Purchasing

SEPTEMBER 5, 2023

Jonathan: Category Management in Purchasing , which covers how you do category management and is now taught in universities all around the world. Supplier Relationship Management , explores how you drive more value from supplier relationships. The answer is simple – nothing.

supply chain budgeting 69

supply chain budgeting Category management Negotiation Sustainability 69

Procurement Heads

NOVEMBER 15, 2022

I then managed to get my first category which was a Christmas packaging portfolio, buying all of those Victoria Tins and Twiglets caddies and stuff like that. I saw an opportunity there for a plastics Buyer which was part of my portfolio background at United Biscuits. The key was to show them their worth straight away.

Raw materials 246

Raw materials Buyers Price Procurement 246

Procurement Software

MARCH 11, 2022

Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. And yet, poor operational efficiency in Procurement means that the typical Category Manager often spends at least a THIRD of their time performing “busy work” This is not an effective or efficient use of their time.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Zycus Cognitive Procurement

JANUARY 16, 2023

Beyond the poor experience that a business user (requisitioner) faces, the Category manager or the Buyer in the procurement core team also face multiple challenges like: . Increased efforts for buyers to process 3 bids and a buy for low value requests. . Automated Buyer verification . Conclusion.

Sourcing 52

Sourcing Real-time Visibility Procurement Buyers 52

Positive Purchasing

SEPTEMBER 20, 2022

Our full list of CPD accredited courses includes category management, Red Sheet® negotiation, supplier relationship management, sustainable procurement and finance. Online courses that are accredited: Category Management Advanced. Making such a difference to people’s lives and futures makes us feel really good.

Category management 59

Category management Negotiation Supplier relationship management Purchasing 59

Empowering CPO

FEBRUARY 20, 2023

Factors affecting the success of a Lotting Strategy When the stakes are high for both buyers and suppliers the Lotting Strategy plays a very critical role in ensuring success and eventually higher savings. This helps to achieve higher strategic sourcing project savings and support category management on an ongoing basis.

Strategy 52

Strategy Cost of ownership Strategic sourcing Strategic sourcing 52

The Procuretech Podcast

OCTOBER 19, 2022

1:07 We open up by asking Mark about his background: From sales and online advertising to category manager, before finally transitioning to content creation and his own negotiation training business. 4:40 Going back to Mark's time working in Category Management, to what extent did he come across procurement technology back then?

Negotiation 40

Negotiation Category management Buyers Bidding 40

Spend Matters

MAY 30, 2023

But over the next 20 years, we gradually saw clearer regulation and guidance about the use of these important tools for public sector buyers. Frameworks became a useful tool, saving time, resources and money, because buyers did not have to run an entirely new, advertised and open process every time they wished to make a purchase.

Buyers 52

Buyers Suppliers supply chain budgeting Contract 52

Skill Dynamics

OCTOBER 19, 2023

Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract. A crucial part of successful procurement strategies is the art and science of negotiation.

Negotiation 52

Negotiation Procurement Procurement strategies Buyers 52

ivalua

FEBRUARY 8, 2023

Procurement technology can also help businesses improve supplier relationships and enhance communication between buyers and suppliers. is elevating the position to candidates by making them aware of the various aspects of Procurement beyond sourcing and category management. Create speed and transparency.

Supply chain resilience 242

Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

Procurement Software

MARCH 11, 2022

Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. And yet, poor operational efficiency in Procurement means that the typical Category Manager often spends at least a THIRD of their time performing “busy work” This is not an effective or efficient use of their time.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

Procurement Software

MARCH 19, 2024

Generative AI’s current impact in procurement is best illustrated by tech-savvy procurement category managers leveraging apps like ChatGPT and Bard to streamline the execution of routine tasks. Category Management AI will increasingly be used to help to write and generate category strategies.

Procurement 52

Procurement Category management supply chain software solutions Data 52

Procurement Software

OCTOBER 3, 2023

The same can be said for the approach to tail spend management. Realistically, only the top couple of hundred suppliers are going to be actively managed by Category Managers. That’s $25,000 in wasted salary costs for each employee, if we assume the average Category Manager earns a $100,000 annual salary.

Supplier consolidation 59

Supplier consolidation Suppliers Procurement Category management 59

SCMDOJO

FEBRUARY 13, 2023

Supplier relationship management: Procurement manages relationships with suppliers to ensure coordination and effective workflow. Contract development: The team develops and establishes contracts with supplier organizations to meet the buyer organization’s requirements and needs.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

Spend Matters

NOVEMBER 2, 2023

These start-ups are taking technology further to address problems not previously solved, or are introducing a new category of automation that tackles new challenges in interesting ways. We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices.

supply chain software solutions 90

supply chain software solutions Category management Procurement Data 90

Procurement Heads

NOVEMBER 15, 2022

I then managed to get my first category which was a Christmas packaging portfolio, buying all of those Victoria Tins and Twiglets caddies and stuff like that. I saw an opportunity there for a plastics Buyer which was part of my portfolio background at United Biscuits. The key was to show them their worth straight away.

Raw materials 130

Raw materials Buyers Price Procurement 130

Una

JULY 19, 2022

When category managers, for example, feel empowered to utilize the different aspects of a procurement strategy at any given time, they are better equipped to manage their spend accordingly. Depending on the type of purchase, going through the RFx process may be necessary.

Procurement strategies 98

Procurement strategies Strategy Procurement Supplier relationship management 98

Positive Purchasing

APRIL 3, 2023

Jonathan O´Brien shows us how to weave Category management and SRM together and use it as leverage to enable sustainable supply chains. .” Andreas Takacs, Chief procurement officer, Green Cargo AB says: “This is the most insightful – and perhaps more importantly – the most useful book on sustainable procurement.

Sustainability 52

Sustainability Supply chain Chief Procurement Officer Supplier relationship management 52

Procurement Software

MAY 9, 2022

As pointed out in advantage number 2, supplier relationship management software gives you control over your suppliers. SRM is a nuanced discipline as it requires a fine balance between control & trust from buyer and supplier alike. Control & trust are byproducts of better data management. This question is rhetorical.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Procurement Software

MAY 9, 2022

As pointed out in advantage number 2, supplier relationship management software gives you control over your suppliers. SRM is a nuanced discipline as it requires a fine balance between control & trust from buyer and supplier alike. Control & trust are byproducts of better data management. This question is rhetorical.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Spend Matters

SEPTEMBER 20, 2022

Even if some S2C and/or sourcing solutions include a category management module, however, it is often a simple category-based view of the content in the application. Rarely is it a module that helps define the proper approach to a category.

Strategy 69

Strategy Management Strategic sourcing Strategic sourcing 69

Procurement Tactics

AUGUST 25, 2022

He has been with Fannie Mae, the Federal National Mortgage Association, for nine years where he currently leads the strategic sourcing and category management group addressing a $5 billion spend portfolio. . Her company, Tealbook, is a supplier intelligence platform with the power to change the way buyers obtain supplier data.

Procurement 231

Procurement Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 231

Spend Matters

OCTOBER 26, 2023

See the Lists The Future 5 start-ups are taking technology further to address problems not previously solved, or are introducing a new category of automation that tackles new challenges in interesting ways. So we are delighted to introduce you to our Future 5 as we capture their voices. Today please get to know akirolabs. What is akirolabs?

e2e 89

e2e Strategy Procurement team Procurement strategies 89