SCMDOJO

FEBRUARY 13, 2023

The procurement department is an integral part of any organization, playing a crucial role in the purchasing process. To get the most out of any procurement team, all the associated key roles need to be filled with qualified individuals that understand both technology and the principles of supply chain management.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

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.

Purchasing 52

Purchasing Procurement Purchase orders Cost of ownership 52

SCMDOJO

APRIL 3, 2022

Procurement specialists can use eAuctions to engage and negotiate with more vendors utilizing an organized approach which thus eliminates any need for cumbersome one-on-one meetings. Throughout a genuine and collaborative cooperation with business vendors, they produce innovative approaches to current procurement difficulties.

Supply Chain Efficiency 139

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 139

Sourcing and Supply Chain

JUNE 24, 2021

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.

Category management 52

Category management Management Procurement Market analysis 52

Procurement Software

MARCH 11, 2022

Like it or not, cost avoidance is a hard sell to most CFOs. Procurement organisations are still primarily measured on cost savings. For anyone working in indirect procurement, this is especially frustrating. Acknowledging cost avoidance: Why measuring procurement performance on hard savings alone is futile.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Procurement Software

MARCH 11, 2022

Like it or not, cost avoidance is a hard sell to most CFOs. Procurement organisations are still primarily measured on cost savings. For anyone working in indirect procurement, this is especially frustrating. Acknowledging cost avoidance: Why measuring procurement performance on hard savings alone is futile.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

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. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.

Category management 77

Category management Management Supplier relationship management supply chain software solutions 77

Empowering CPO

DECEMBER 14, 2020

This helps a procurement organization to list down its plan for the New Year and identify categories that should be taken up for sourcing. 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. Leveraging EmpoweringCPO Procurement Services.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 52

The Good Spending

NOVEMBER 5, 2021

Procurement is on the journey from cost-cutting to value delivery Naturally, Procurement started in the lowest cost arena, where the cheapest bid wins. As we evolved from the transactional cost-cutting tool to a more strategic role, we realized that the cost is just an element of the complex equation.

Procurement 52

Procurement Bidding Supply Chain Efficiency Contract 52

Barkers Procurement

MAY 11, 2023

Procure to pay is a process that integrates accounts payable and receivable systems so that the organisation can achieve greater efficiency. 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.

Cost of ownership 52

Cost of ownership Real-time Visibility Purchase orders Procurement strategies 52

Zycus Cognitive Procurement

MARCH 12, 2021

Most blogs on the internet that cover P2P challenges focus on the tactical ones such as invoice processing time, low accuracy, and high cost of processing an invoice, etc. Internal buy-in from procurement users. CFO’s love to believe that bolt-on procurement solutions on ERP’s can do the trick. Getting suppliers on board.

Procurement 40

Procurement Suppliers Cost of ownership Procurement solutions 40

Supply Chain Game Changer

MARCH 6, 2019

7 KPIs Your Procurement Team May Be Ignoring! Procurement is a business function that has undergone a lot of change in the last few years. As a believer in the power of procurement, this recognition makes me happy. But, we can’t begin our journey towards the future of procurement excellence in a ’93 Escort. Email Address.

Procurement 50

Procurement Procurement team Supply Chain Efficiency Innovation 50

Supply Chain Game Changer

NOVEMBER 23, 2018

Check out What Exactly Is Procurement? In any company or industry that sells products the cost of the raw materials and components is often the single largest expense. Despite the magnitude of this cost however there is a wide range of focus put on managing this expenditure from proactive and strategic to reactive and tactical.

Category management 61

Category management Strategy Raw materials Management 61

Supply Chain Game Changer

MARCH 20, 2019

The business case for Blockchain technology is based on the following key business value: Reduced Total Cost of Ownership : Blockchain technology offers a viable alternative to traditional supply chain solutions at a fraction of the total cost of ownership. Some of the simple applications are: Procure Materials.

Agile and Lean Supply Chain 79

Agile and Lean Supply Chain Supply Chain Efficiency supply chain software solutions Supply chain 79

Procurement Zen

AUGUST 3, 2019

A decent commodity strategy is key to any strategic buyers success. So here's the episode about how to come up with the internal view on your material field strategy: Phil: Welcome to episode number 13 of procurements and how to create a commodity strategy. Um, and also looking at your internal costs. Tanya: How's it going?

Strategy 52

Strategy Influencing Demand Suppliers 52

Claritum

OCTOBER 21, 2019

Claritum Article - Procurement Blog. To help guide your search, we’ve compiled important considerations and questions, relating specifically to addressing automation of Indirect Procurement. Providing a streamlined, standardised, and automated procurement process for users within the organisation. Introduction. Conclusion.

Eprocurement 32

Eprocurement Suppliers Data Procurement 32