Procurement Insights

MARCH 16, 2025

Improved Outcome: Procurement teams get context-aware supplier suggestions , reducing risk and improving supplier relationships. Contextualized Spend Analysis & Cost Optimization AI models use MCP to remember previous spend categories, budget constraints, and organizational purchasing behavior.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Bidding Supply Chain Efficiency 52

Arkestro

MARCH 27, 2024

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

Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

Jaggaer

MARCH 19, 2025

Of course, the political systems in each country influence what can and cannot be done. We want to reduce costs. The second has become more pronounced in recent years, notably with the Covid pandemic and supply chain disruptions. Procurement has changed But how does all this affect us in the procurement community?

Contract management 52

Contract management supply chain budgeting Sustainability Influencing 52

IBM Supply Chain Blog

SEPTEMBER 18, 2023

Today, we are seeing significant digital disruption in the business of trade and supply chain financing that is largely influenced by global events and geopolitics, changing regulations, compliance and control requirements, advancements in technology and innovation, and access to capital.

Supply Chain Efficiency 82

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Supply chain 82

SCMDOJO

APRIL 3, 2022

Procurement eAuctions may be used in a multitude of sectors and domains, including industrial machinery, supply chains and logistical operations, telecommunications, commodities, and business technical support programs. General Cost Reductions: Maybe it is just one of the advantages of eAuctions, but it is still significant!

Supply Chain Efficiency 141

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 141

Future Purchasing

FEBRUARY 25, 2025

Public procurement departments are navigating a complex landscape of challenges, including regulatory shifts, inefficiencies, difficulty building resilient supply chains, and an increasing demand for sustainability and transparency. Inflation creates budget pressure, meaning teams must deliver more with less.

Innovation 52

Innovation Supply Chain Efficiency Procurement Category management 52

Supply Chain Game Changer

MARCH 9, 2022

Subscribe to Supply Chain Game Changer. Procurement operations are the backbone of every company’s supply chain. Fundamental to procurement is the acquisition of goods and services from a party that’s further up the supply chain. appeared first on Supply Chain Game Changer™.

Procurement 118

Procurement Supply Chain Efficiency Supply Chain Optimization supply chain budgeting 118

Spend Matters

AUGUST 2, 2023

Businesses are inevitably looking at ways to reduce costs, but that’s rarely the primary motivator we’ve seen for change, even in the current economic climate. Reducing headcount is a one-time benefit; the organizations we’re talking to have their eyes set on a bigger prize.

supply chain budgeting 98

supply chain budgeting Procurement Supply chain Suppliers 98

Procurement Templates

JANUARY 17, 2024

How is this considered throughout the supply chain and reported at a senior level. Organisation undertakes a full assessment of the waste within the supply chain in relation to risk-based existing contracts. undertakes a full assessment of the waste within the supply chain in relation to risk-based existing contracts.

Demand 130

Demand Management Buyers Purchasing 130

Strategic Sourceror

DECEMBER 16, 2022

While the higher price of borrowing money is largely to blame for the sales decline, the drop in starts has also been influenced by how much more it's costing contractors to build. "[B]y 2024, we will have seen three years of dramatic price escalation," Hardman told Supply Chain Dive. that month.

supply chain budgeting 57

supply chain budgeting Price Influencing Buyers 57

The Good Spending

JUNE 15, 2022

New Tasks The first-time buyer seeks a wide variety of information to explore alternative purchasing solutions to their organizational task. Modified Rebuy A buyer wants to replace or amend a product used in the organization. Straight Rebuy The buyer routinely reorders a product with no modifications.

supply chain budgeting 52

supply chain budgeting Buyers Agile and Lean Supply Chain Supply Chain Optimization 52

The Thomas Blog

JUNE 22, 2022

To start, industrial businesses will need an effective online marketing and sales strategy to help them achieve their business goals — because the B2B buyer behavior has changed. Buyers want to know as much about you as they can to help answer these questions: Are you reliable? Be Where Buyers Search For New Suppliers.

Buyers 64

Buyers Real-time Visibility supply chain budgeting Supply Chain Efficiency 64

Supply Chain Game Changer

FEBRUARY 8, 2021

Subscribe to Supply Chain Game Changer. Because certain strategies directly affect your budget. You can create a sensation for your prospective buyers by having a goal-oriented advertisement. You should know that your color scheme can also influence your customers. appeared first on Supply Chain Game Changer™.

supply chain budgeting 64

supply chain budgeting Budget Quantity Strategy 64

Strategic Sourceror

JULY 12, 2022

From beef and pork products to eggs and chicken breasts, food prices have skyrocketed across the board due to a variety of factors, the combination of which has created a perfect storm for buyers' budgets. The positive outcome was influenced, in part, by more capacity. I think we have a good shot at it," Ziebell explained.

Price 57

Price supply chain budgeting Export Strategic sourcing 57

Pipefy

JANUARY 30, 2024

Procurement technology landscape Procurement technology is primarily designed to simplify procurement processes and reduce costs, but it’s grown to offer so many more benefits than that, with the greatest one being transforming procurement into a source of reliable strategic influence.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Real-time Visibility Supply Chain Efficiency 52

Slimstock

MARCH 26, 2019

With stats like that, it’s easy to see why customer satisfaction influences customer loyalty, retention, and even your ability to attract new customers. As international supply chain executive Sara Ireton indicates in Industry Week , it’s important to recognize “the success of one partner helps the success of the other.”

Procurement 66

Procurement Chief Procurement Officer Raw materials Supply Chain Optimization 66

Skill Dynamics

JUNE 15, 2022

Ethics practices influence the role of procurement professionals in many ways including; They could experience enormous pressure from internal and external forces to act in unethical ways as they often have control of the budget. This may affect buyer’s decision to evaluate and select a supplier. Conflict of interest.

Ethics 52

Ethics Procurement Suppliers supply chain budgeting 52

Procurement Software

OCTOBER 17, 2023

Fast Moving Consumer Goods FMCG businesses (or CPG to our American readers) are built on slick supply chains which foster brand value and delight customers. That’s why Procurement often sits within the Supply Chain function. This person can then influence and persuade the C-Suite directly.

Data 59

Data Procurement supply chain budgeting supply chain software solutions 59

Empowering CPO

MAY 31, 2023

In essence, SRM is a comprehensive approach to managing an enterprise’s interactions with the organizations that supply the goods and services it uses. The main objective of SRM is to streamline and improve processes between a buyer and its suppliers. Now, what are the benefits of effective SRM?

Supplier relationship management 52

Supplier relationship management Collaboration Suppliers Supply Chain Efficiency 52

World of Procurement blog

MAY 23, 2024

The goal of supplier consolidation is to streamline procurement processes, reduce costs by leveraging economies of scale, strengthen relationships with top-performing suppliers, and drive performance improvements through better coordination. Working closely with fewer suppliers also enhances supply chain transparency and resilience.

Supplier consolidation 52

Supplier consolidation Suppliers Supply Chain Efficiency supply chain budgeting 52

Procurement Software

JANUARY 23, 2024

It supports them in budgeting, requesting, and ordering articles and services for their business, while benefiting from better purchasing conditions. Budget management and control features allow for transparent presentation and allocation of budgets. This enables teams to make decisions and remain in control.

Procurement 52

Procurement supply chain software solutions Supply Chain Efficiency Real-time Visibility 52

Jaggaer

OCTOBER 8, 2019

With budgets not growing at an adequate pace, or even shrinking, procurement cannot deliver the value that digital transformation promises. They should also extend this digitalization to supply chain management (supplier portal, webEDI, etc.) This is precisely the approach that JAGGAER has adopted with the launch of JAGGAER ONE.

Procurement 40

Procurement e2e Agile and Lean Supply Chain supply chain software solutions 40

Empowering CPO

JUNE 14, 2023

They can also create adversarial relationships between buyers and suppliers, as they often involve tough negotiations and a focus on short-term gains rather than long-term collaboration. Organizations are now expected to not only manage cost but also to ensure supply chain resilience, mitigate risks, and contribute to strategic objectives.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

World of Procurement podcast

OCTOBER 11, 2021

Cause I, when I first started out, I was doing like commercial work, which was a bit more of the legal staff doing procurement and I left that role and became a, it was like a buyer lead, or some buyer role. So, I think that comes to the value of procurement is far beyond what the costs are. 00:11 Tom Mills Thanks, Daniel.

Procurement 52

Procurement Procurement team supply chain budgeting Supply chain 52

Empowering CPO

JUNE 14, 2023

When performed adeptly, it can lead to optimal business outcomes, fostering solid relationships with suppliers, ensuring quality and timely delivery, and aligning costs with budget constraints. The role of a procurement professional, sometimes known as a purchasing agent or supply chain manager, is crucial in any organization.

Negotiation 40

Negotiation Strategy Procurement Import 40

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. What is Supply Chain Forecasting?

supply chain budgeting 192

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

Procurement Software

MAY 23, 2023

Very few CEOs come from Procurement or Supply Chain. Supply Chain should become one of the top agenda items on board level meetings. Identify projects which help both improve supplier financial performance and deliver cost savings. Reduce Cost (yes, it’s always going to be our job!)

Procurement 52

Procurement supply chain budgeting Agile and Lean Supply Chain Suppliers 52

IBM Supply Chain Blog

APRIL 25, 2024

Done correctly, this process also contains critical activities that can significantly reduce costs and satisfy a business’ key metrics for success. And for gen X, data protection is of the utmost priority; 87% say it’s the primary factor influencing their purchasing behavior. But the paradigm has shifted.

Strategy 82

Strategy Purchasing Ethics Data 82

HICX

MARCH 30, 2023

The impact of supply chains on climate change (and the World Economic Forum’s view that reducing greenhouse gas emissions within in them could be a game-changer) means there has been increasing scrutiny in this area and it is attracting more attention from those business executives committed to climate action.1

Suppliers 52

Suppliers Supply Chain Efficiency supply chain budgeting Data 52

Claritum

AUGUST 28, 2018

Has a supplier extended a current supply contract to include additional items, services or functionality, again to avoid a competitive process? Often this is where a supplier has had undue influence over the specification and perhaps undue influence over an individual within an organisation who is specifying the requirements.

Suppliers 32

Suppliers Bidding Procurement Contract 32

Spend Matters

MAY 28, 2025

The traditional sourcing cycle is outdated Until now, the sourcing cycle has followed a fixed, linear process: Define need Build RFP Wait for responses Evaluate manually Negotiate Award In an era of supply chain shocks, inflationary volatility, ESG expectations and geopolitical risk , this model is no longer viable.

Sourcing 68

Sourcing Negotiation Ethics Contract 68

Supply Chain Dive

JUNE 9, 2025

Skip to main content Dont miss tomorrows supply chain industry news Let Supply Chain Dives free newsletter keep you informed, straight from your inbox. Avoiding quick fixes : Strategic planning helps avoid quick fixes that may lead to higher costs and inefficiencies in the future. By Alejandra Carranza • Nov.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 52

Positive Purchasing

APRIL 3, 2025

Post pandemic, we all realized how fragile our supply chains had become. Add to that, wars and geopolitical instability, and distance sources of supply have become more problematic than promising. However, there is more to this than shoring up supply chains in the US.

Negotiation 52

Negotiation Procurement supply chain budgeting Supply chain 52

Procurement Software

FEBRUARY 2, 2025

The economic buyer in this case is undoubtedly going to be the CFO. The Head of Procurement isn’t going to have his / her own software budget : let’s be frank. So, will procuretechs continue to focus on procurement alone with their marketing budget? Sales cycles for procuretech are long.

supply chain software solutions 52

supply chain software solutions Procurement Contract Procurement team 52