SCMDOJO

FEBRUARY 13, 2023

The procurement department is an integral part of any organization, playing a crucial role in the purchasing process. Procurement aims to ensure that the organization is getting the resources it needs to succeed at a cost that maximizes value and minimizes risk.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

This results in better negotiation outcomes, improved quality, reduced costs, and enhanced overall value delivery. The post A Gameplan for Procurement Transformation appeared first on Next Level Purchasing Association (NLPA).

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Barkers Procurement

MAY 11, 2023

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.

Cost of ownership 52

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

Procurement Software

MARCH 11, 2022

Despite the movement towards a broader value-driven view of procurement excellence and how we contribute to the wider business (people, planet, profit), the reality is that even though there is a tacit, newly found appreciation that buyers deliver more than just bottom line savings, it often isn’t reflected in their annual objectives.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Procurement Software

MARCH 11, 2022

Despite the movement towards a broader value-driven view of procurement excellence and how we contribute to the wider business (people, planet, profit), the reality is that even though there is a tacit, newly found appreciation that buyers deliver more than just bottom line savings, it often isn’t reflected in their annual objectives.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

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

Supply Chain Game Changer

SEPTEMBER 29, 2020

This process included a focus on total cost of ownership, not just piece price levels. As inventory levels resulted in real costs not otherwise considered in pricing negotiations this allowed for more informed business level decisions on sourcing and ordering. Raw Material Management. Excess and Obsolete Inventory.

Inventory 90

Inventory Raw materials Supply Chain Optimization Demand 90

Supply Chain Collaborator

APRIL 7, 2016

Is it even possible to make a well-conceived choice that protects your legacy as visionary leader with a knack for sussing out the solution with the most applicable capabilities with appropriate total costs of ownership? . Most buyers are too intently focused on features and functionality to the detriment of service levels and costs.

Cost of ownership 61

Cost of ownership Buyers Logistics Change management 61

Supply Chain Game Changer

NOVEMBER 23, 2018

And What is Purchasing? 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. Subscribe Here!

Category management 61

Category management Strategy Raw materials Management 61

SCMDOJO

APRIL 26, 2023

Both purchasing and supplying organizations must be ethical in their dealings throughout the category management process. A robust and strategic supply chain helps businesses create value through efficient supplier relationship management, the lowest total cost of ownership (TCO), and maximum probable return on investment (ROI).

Category management 77

Category management Management Supplier relationship management supply chain software solutions 77

The Good Spending

NOVEMBER 5, 2021

TLC adds transportation, packaging, and storage costs to the unit prices. These additions are most important when buyers consider remote locations as physical goods sources. TLC analysis requires a deep understanding of supply chain costs - customs, duties, tariffs, and 3PL services.

Procurement 52

Procurement Bidding Supply Chain Efficiency Contract 52

Supply Chain Game Changer

MARCH 6, 2019

But, when my mom was buying a new vehicle, she didn’t decide to scrap the vehicle from 1993 and purchase one from 1995. In essence, sourcing is the first point of contact between the buyer and supplier organizations, which makes it a very formative phase of the overall relationship for collaboration. Total Value Ownership (TVO).

Procurement 50

Procurement Procurement team Supply Chain Efficiency Innovation 50

Claritum

OCTOBER 21, 2019

Indirect spend can be complex for an organisation to manage, because it covers many categories of spend and many purchases are unique in nature. Systems that are specifically designed and focused for Indirect purchases will always have a significant edge over more generic platforms. Does Low Cost Spend Control Matter?

Eprocurement 32

Eprocurement Suppliers Data Procurement 32

Procurement Zen

AUGUST 3, 2019

A decent commodity strategy is key to any strategic buyers success. commodity strategies (sometimes referred to as 'commodity sourcing strategies') are purchasing strategy plans that refer to commodity goods. Um, and also looking at your internal costs. A classic: Total cost of ownership.

Strategy 52

Strategy Influencing Demand Suppliers 52