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CKS Benelux and Ivalua partner with Punch Powertrain to digitalise strategic sourcing

ivalua

The Strategic Sourcing modules of Ivalua allow Punch Powertrain buyers to define Purchasing needs collaboratively, consolidate the tendering documents and ease costing by suppliers (cost breakdown files, dialogue with the projects on technical feasibility).

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Lotting Strategy – Key to Successful Reverse Auction

Empowering CPO

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. To enable maximum participation, as a next step, we decided to break this lot into multiple smaller lots.

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CKS Benelux and Ivalua partner with Punch Powertrain to digitalise strategic sourcing

ivalua

The Strategic Sourcing modules of Ivalua allow Punch Powertrain buyers to define Purchasing needs collaboratively, consolidate the tendering documents and ease costing by suppliers (cost breakdown files, dialogue with the projects on technical feasibility).

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Unlocking Competitive Advantage With Future Skills: The Power of Cost Optimization

Skill Dynamics

Implementation: Setting minimum and stretch savings targets for cost optimization initiatives is key. Making informed decisions, supporting profitability objectives, and aligning with strategic priorities are all positive impacts of cost optimization tools.

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When Not To Take Up a Category for Strategic Sourcing

Empowering CPO

Instead the focus should be on creatively re-designing the base table, so that it is impartial for both buyer as well as the seller. They help clients reduce total cost of ownership and achieve higher savings. Learn more about EmpoweringCPO’s strategies for reducing total cost of ownership. Contact us today.

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Selecting the Ideal P2P Software for Enhanced Organisational Efficiency

Barkers Procurement

Choosing a good P2P software solution helps the organisation to enjoy greater compliance and control when it comes to vendors, contracts, regulations, buyers and accounts payable. Both options create a high cost of ownership, and configuration can be problematic.

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Competitive Procurement through Category Management

Sourcing and Supply Chain

Hence, buyers have also adopted the concept of suppliers to bundle the requirement of multiple locations and the similar product as a category to have a better understanding, control, and volume to negotiate. It results in specialization in category for a buyer and ends up in a better deal with saving time, resources, and money.