Remove Buyers Remove Ethics Remove Risk management Remove supply chain software solutions
article thumbnail

Unleashing the Power of Procurement Buyers: Delving into this Impactful Role

Arkestro

Resources / Blog / Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Buyers have always played an important role in the procurement industry, helping organizations obtain goods and maintain a careful balance of speed, cost-efficiency, and quality.

Buyers 52
article thumbnail

Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Enables adherence to policies and regulations through ethical, sustainable, and compliant practices. Its strategic importance stems from its impact on profitability, efficiency, risk mitigation, and competitiveness. Well-defined contracts help ensure suppliers meet expectations while protecting the buyer's interests.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Category Management in Procurement: A Comprehensive Overview & Best Practices

SCMDOJO

Category Management as a Strategic Procurement Function Relationship Between Category Management and Strategic Supplier Relationship Management Importance and Benefits of Category Management Best Practices What are the Challenges of Category Management implementation? Sustainable/ethical procurement.

article thumbnail

BCG’s 10 Step Plan for Procurement Excellence

Procurement Software

Very few CEOs come from Procurement or Supply Chain. Supply Chain should become one of the top agenda items on board level meetings. These are natural partners for a 360º Supplier Relationship Management (SRM) approach. Not ignoring the importance of regular, two-way feedback between buyer and supplier is also key.