Procurement Tactics

MARCH 23, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Source-to-Contract — The Ultimate Guide Source-to-contract is an important process in procurement. The supplier completes the purchase order and will send the goods to the buyer. Why is it important?

Contract 156

Contract Sourcing Purchase orders Bidding 156

Procurement Tactics

OCTOBER 6, 2022

Or receive our famous weekly newsletter. RFP in project management is an important part of the procurement process as it gives you relief once you finally submitted the finished proposal. We will also discuss its importance and how to improve your proposal process with project management. . Why is it Important?

Project management 180

Project management Management Bidding Buyers 180

The Thomas Blog

JULY 12, 2022

You might be asking yourself: Should I nurture subscribers with weekly newsletters? Bad First Impressions: A welcome email is the first communication you will have with a potential buyer, and if you don't nail it right out of the gate, you can blow a chance of closing a deal. Email Newsletters. Advantages Of Email Newsletters.

Buyers 134

Buyers Purchasing Strategy Import 134

Procurement Tactics

MAY 2, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Contracts — Embracing Sustainability in Procurement Sustainable contracts allow companies to oblige their suppliers to practice sustainable and ethical practices once they sign them.

Sustainability 181

Sustainability Contract Procurement Negotiation 181

Procurement Tactics

NOVEMBER 14, 2022

Or receive our famous weekly newsletter. We will also tackle retail supply chain management and its importance. Or receive our famous weekly newsletter. The Importance of Retail Supply Chain Management. Many people overlook the importance of retail supply chain management and undervalue its impact on business operations.

Retail Supply Chain 190

Retail Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 190

Procurement Tactics

JANUARY 11, 2023

Or receive our famous weekly newsletter. Price negotiation allows buyers and sellers to get the price that they want when discussing future work, projects, or collaboration. During price negotiation, there are two roles that arise: buyer and seller. . Or receive our famous weekly newsletter. Why is it important?

Price negotiations 130

Price negotiations Negotiation Price Buyers 130

Procurement Tactics

JUNE 7, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Supplier Collaboration Software — What You Should Know The use of supplier collaboration software continues to rise as businesses grow and technology advances. Why is supplier collaboration software important?

supply chain software solutions 130

supply chain software solutions Collaboration Suppliers Supply Chain Efficiency 130

Procurement Tactics

NOVEMBER 27, 2022

Or receive our famous weekly newsletter. Responsible consumption and production of goods are seen as an important part of the strategy to reduce poverty, improve environmental quality, and bring economic growth. . Or receive our famous weekly newsletter. Why is it important? 33 Procurement Interview Questions in 2022.

Procurement 191

Procurement Sustainability Purchasing Raw materials 191

The Thomas Blog

AUGUST 2, 2022

In a recent Industrial Buyer's Search Habits Survey , one purchasing supervisor that "having more online information like specifications, pricing, lead time, and stock levels online are important when I'm vetting new suppliers and will make my job easier.". Make Buyers Contact You. appropriate certification.

Buyers 144

Buyers Quality Ethics Export 144

The Thomas Blog

JANUARY 16, 2024

For many industry players, Thomasnet is an important niche directory to consider. Thomasnet is an authoritative niche directory in the industrial and manufacturing sector that connects suppliers and buyers. This, of course, will enable suppliers to reach their audience, and buyers to choose from numerous supplier options.

Real-time Visibility 52

Real-time Visibility Buyers Strategy Networking 52

Procurement Tactics

APRIL 23, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Supplier Code of Conduct — Embracing Sustainability Supplier code of conduct allows businesses to establish their internal and external expectations. Why is the code important? However, what is it?

Sustainability 177

Sustainability Suppliers Chief Procurement Officer Supply Chain Efficiency 177

Procurement Tactics

DECEMBER 21, 2022

Or receive our famous weekly newsletter. Or receive our famous weekly newsletter. The number one reason why suppliers and buyers take part in collaborative projects is due to shared value. Thus, why procurement professionals consider it the most important dimension of their collaboration efforts. . Why is it important?

Collaboration 199

Collaboration Supply Chain Optimization Supply Chain Efficiency Supply chain 199

Procurement Tactics

AUGUST 24, 2022

Or receive our famous weekly newsletter. Supplier networks are important in the procurement industry to find your preferred supplier. It is a virtual platform where suppliers and buyers located anywhere in the world can collaborate together. Benefits of Supplier Network for Suppliers and Buyers. First Name. Do I need one?

Networking 130

Networking Suppliers Buyers supply chain budgeting 130

Procurement Tactics

MARCH 27, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Supply Chain Forecasting — Everything You Should Know Supply chain forecasting is about making predictions from both past and present information. Thus, why it is critical to the success of an organization.

supply chain budgeting 192

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 192

Procurement Tactics

MARCH 29, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Circular Economy — Transforming Sustainable Procurement The circular economy is gaining traction throughout the years and many businesses are adopting it. We will tell you how it works and its importance nowadays.

Sustainability 130

Sustainability Procurement Raw materials Import 130

Procurement Tactics

DECEMBER 26, 2022

Or receive our famous weekly newsletter. It is important to note that “seasonality” is not meant to be the seasons in Denmark. Or receive our famous weekly newsletter. 33 Procurement Interview Questions in 2023. Download Whitepaper →. . Procurement Strategy Case Studies — 5 Insightful Examples. Download Whitepaper →. .

Procurement strategies 267

Procurement strategies Strategy Procurement Bidding 267

Procurement Tactics

JULY 2, 2023

For today’s article, we will explore everything you need to know about Job Orders, including what it is, their importance, and how to utilize them. Improved Supplier-Buyer Relationships Transparent relations with suppliers are also facilitated by clear and detailed job orders. Why is Job Order important? What is a Job Order?

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

Procurement Tactics

JANUARY 4, 2023

Or receive our famous weekly newsletter. Knowing that information in time can help you as the buyer identify potential risks with the product and reevaluate your decision for a purchase order. If you can’t grasp the importance of due diligence for your company, take the example of Volkswagen, a giant in the industry of automobiles.

Procurement 195

Procurement Contract Negotiation Quality 195

Una

MARCH 8, 2023

You have savings targets to meet, but you don’t want to pull the plug on this strategically important relationship – so what do you do? This can happen if the supplier is unwilling to budge on pricing or if the buyer is unwilling to accept a lower quality product. Why do supplier negotiations break down?

Supplier negotiation 97

Supplier negotiation Negotiation Suppliers Buyers 97

The Procuretech Podcast

NOVEMBER 7, 2023

The episode stresses the importance of analysing and improving procurement processes, contrasting them with the more professional and modern practices of larger companies. 00:26:04] Operational buyers adopting a more strategic mindset. [00:30:13] 00:34:02] The importance of procurement to these organisations. Stay in touch!

Procurement 40

Procurement Risk management Buyers Risk 40

Procurement Tactics

JULY 20, 2022

Or receive our famous weekly newsletter. However, language barriers and some business practices can be challenging for foreign buyers. . When this happens, foreign buyers would seek help from a sourcing agent or agency in China. A good sourcing strategy is important when sourcing from China. First Name. Download Free PDF.

Sourcing 130

Sourcing Quality Price Suppliers 130

Supply Chain Game Changer

MAY 11, 2022

And most prospective buyers are going online to research the most effective manufacturing business to partner with. Now that you understand the basics and importance of digital marketing for manufacturers, we will share some digital marketing strategy tips to ensure you get a good start. Create Buyer Personas.

Buyers 96

Buyers Strategy Competitive analysis Supply chain 96

The Procuretech Podcast

AUGUST 29, 2023

The conversation dives into the genesis of Forestreet and its aim to provide an unbiased perspective for buyers in the procurement space. He emphasise the importance of choosing the right tool for specific tasks when using generative AI. Timestamps: [00:02:10] Introducing David Doyle, CEO of Forestreet. [00:03:36] Stay in touch!

Buyers 40

Buyers Procurement Sustainability Import 40

The Thomas Blog

AUGUST 24, 2022

And so do the buyers of your company's products or services. By understanding what your buyers have on their plates, you can more easily accomplish one of your most important tasks — generating more leads and contributing to your bottom line. The buyer realizes a need. The buyer evaluates potential suppliers.

Buyers 128

Buyers Buying process Suppliers Sourcing 128

Procurement Tactics

JUNE 28, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Commodity Trading — Everything You Should Know Commodity trading plays a vital role in the way of how our lives work and how the economy functions. What is the Significance of Commodity Trading?

Raw materials 178

Raw materials Supply Chain Efficiency Price Market analysis 178

The Thomas Blog

JUNE 14, 2022

Email Newsletters. This is just as important for potential leads as it is for existing clients; sending them periodic emails with industry-specific, directly helpful content will keep your company top-of-mind. Thomasnet.com helps connect B2B buyers and sellers, streamlining the product sourcing and supplier discovery process.

Buyers 52

Buyers Sourcing Suppliers Purchasing 52

Una

MAY 7, 2024

By estimating the reasonable cost of a product or service, buyers can challenge suppliers’ pricing proposals and negotiate more effectively to secure fair and competitive prices. Understanding the need for suppliers to cover their overheads and make a reasonable gross profit margin is an important aspect of should- cost.

Procurement 52

Procurement Price Negotiation Supply Chain Efficiency 52

Procurement Leaders

JUNE 9, 2022

Buyer incentive programme to encourage sourcing staff to work with diverse suppliers. Buyer incentive programme. Through internal newsletters, the team highlights initiatives including: The NextTech Programme. The buyer incentive scheme. Investing in training for diverse workers in the supply chain.

Supply chain 130

Supply chain Supply Procurement team Suppliers 130

Supply Chain Game Changer

DECEMBER 18, 2020

The accounts receivable department is just as important as accounts payable. You might argue that it’s even more critical because: This department keeps track of everyone who owes you money They maintain records of who your biggest buyers are. Newsletter Publication. Accounts Receivable.

Raw materials 79

Raw materials supply chain software solutions Supply Chain Optimization Purchasing 79

The Thomas Blog

JUNE 22, 2022

It’s important to embrace this uncertainty. Step #2: Offer Content On Your Website Your Buyers Can Easily Find. Getting quality traffic to your website is an important step to increase leads and business opportunities, but once they’re on the site, they’ll need some direction on what to do from there.

Buyers 52

Buyers Strategy Import Quality 52

Una

JANUARY 17, 2023

That is why the most important gains in supply chain technology have been in the area of visibility. Supply chains can grind to a halt due to the need to comply with time-consuming and complex regulations including customs and import/export laws. Subscribe to our Newsletter. Streamlined cross-border trade.

Supply Chain Efficiency 98

Supply Chain Efficiency Supply Chain Optimization Supply chain Real-time Visibility 98

Procurement Tactics

AUGUST 25, 2022

Or receive our famous weekly newsletter. Her company, Tealbook, is a supplier intelligence platform with the power to change the way buyers obtain supplier data. She is also a regular guest on popular procurement podcasts and blogs such as the Buyers Meeting Point, Art of Procurement, and Procurious. First Name.

Procurement 231

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

The Thomas Blog

FEBRUARY 13, 2024

While the number of leads is important, it's equally crucial to assess their quality. This might be making a purchase, signing up for a newsletter, or completing a contact data form. Total lead value is an important KPI because it provides a clear understanding of the potential revenue impact of lead generation efforts.

Management 52

Management Budget Strategy Quality 52

Procurement Tactics

OCTOBER 17, 2022

Or receive our famous weekly newsletter. To put it simply, supplier onboarding is about establishing a streamlined and efficient process to build stronger buyer-seller relationships that improve the business outcomes of both parties. 33 Procurement Interview Questions in 2022. First Name. Download Free Whitepaper ?. ?.

Suppliers 175

Suppliers Negotiation Procurement Strategy 175

The Thomas Blog

JANUARY 5, 2024

When potential B2B buyers search for products or services related to your business, they’re far more likely to discover you if you’ve optimized your content for engines like Google. When your website ranks highly for relevant keywords, it attracts potential buyers who are already interested in your offerings. Get Listed Today [link]

Strategy 52

Strategy Real-time Visibility Buyers Quality 52

Procurement Software

APRIL 18, 2023

With tangible benefits for buyers, eAuctions could help your organisation survive the economic downturn. eAuctions are a negotiation method that allow buyers to leverage market-driven pricing opportunities. This saves buyers not only money, but hours of conversation time. This delivers the buyer lower unit prices.

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

Planergy

OCTOBER 20, 2022

RFX – request for X – can refer to any request a buyer issues a vendor – thereby applying to any of these documents. Buyers can provide information about prices, quality, delivery times, and other important factors when purchasing. Introduction to you as a buyer and your company background.

Buyers 52

Buyers Supply Chain Efficiency Suppliers Price 52