SCMDOJO

MARCH 12, 2025

Introduction Negotiation is at the heart of supply chain management. One negotiation strategy that often plays a crucial role in achieving practical outcomes is compromising negotiation. For more information on how to develop a negotiation strategy, check out this super course from the negotiations expert, Richard Todd.

Negotiation 52

Negotiation Supply Chain Efficiency Supply chain Strategy 52

Procurement Tactics

JUNE 22, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. Simply put, a sales order is the seller’s response to the buyer’s purchase order.  Menu Course Library 1.

Purchase orders 200

Purchase orders Purchasing supply chain software solutions Buyers 200

Procurement Insights

APRIL 8, 2025

MODEL #2 An agent-based model within a metaprise framework outperforms traditional equation-based intake and orchestration models in procurement because it better addresses the complexity, unpredictability, and multi-stakeholder nature of modern supply chains. Focused on efficiency, not innovation; maintains status quo.

Supply Chain Optimization 81

Supply Chain Optimization Supply Chain Efficiency Procurement Agile and Lean Supply Chain 81

Jaggaer

NOVEMBER 14, 2024

Digital Tools: The Key to Unlocking Value A major reason why many manufacturers have not fully realized the potential of procurement is the lack of appropriate digital tools. An advanced source-to-pay platform is crucial for unleashing procurement’s potential and optimizing supply chain performance.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Chief Procurement Officer Supply Chain Optimization 52

Procurement Tactics

JUNE 22, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. First, it ensures clear communication between the buyer and the supplier, eliminating potential misunderstandings or disputes.

Purchase orders 191

Purchase orders Purchasing Quantity Buyers 191

Procurement Tactics

JULY 2, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. Job orders also set out clearly the path for procurement professionals to enable them to execute the procurement process efficiently.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

Skill Dynamics

JANUARY 14, 2025

Finance and Cost Management Being able to efficiently and effectively manage and control procurement budgets and general costs will lead to stronger financial control across your business , increased cost efficiencies, and a better allocation of resources, which allows you to enhance profitability and improve your team.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

Procurement Tactics

JUNE 7, 2023

Supplier collaboration goes beyond traditional buyer-supplier relationships by promoting cooperation, transparency, and innovation throughout the supply chain. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2. CERTIFICATE COURSES Related courses about this subject 1.

supply chain software solutions 130

supply chain software solutions Collaboration Suppliers Supply Chain Efficiency 130

Procurement Tactics

AUGUST 25, 2022

In 2014, he took a new role to transform public procurement at the Health Promotion Board (HPB) which is a statutory board under the Ministry of Health, Singapore. . In 2022, he was awarded the Special Mentioned Individual Award by Supply Chain Asia for his contribution to the national emergency procurement for the Covid-19 operation.

Procurement 231

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

Jaggaer

MARCH 6, 2025

The landscape of public sector procurement has undergone significant transformation in recent years, driven by advancements in technology, evolving regulatory frameworks, and an increasing emphasis on sustainability. Blockchain Technology: Blockchain ensures transparency, security, and traceability in procurement transactions.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement supply chain budgeting Sustainability 52

Procurement Tactics

APRIL 23, 2023

The code lays down the framework for engagement with suppliers and other stakeholders to accomplish the company’s goals for a sustainable supply chain and procurement. Thus, when a new code is distributed throughout the supply chain, it must be in accordance with your policy.

Sustainability 177

Sustainability Suppliers Supply Chain Efficiency Chief Procurement Officer 177

Procurement Tactics

JUNE 8, 2023

A purchase order clearly specifies the details of the purchase, such as the quantity, description, and price, ensuring there are no misunderstandings between the buyer and the seller. Furthermore, purchase orders contribute to efficient inventory management. Its primary function is to communicate the amount owed by the buyer.

Purchase orders 130

Purchase orders Purchasing Buyers Quantity 130

Procurement Insights

MARCH 16, 2025

How Procurement Professionals Use or Interact with Model Context Protocol (MCP) Procurement professionals interact with AI models that utilize Model Context Protocol (MCP) in various ways, especially within digital procurement platforms, supplier management systems, and spend analytics tools.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Bidding Supply Chain Efficiency 52

Procurement Tactics

JUNE 28, 2023

Commodity Trading is also a vital aspect of the Global Economy; Providing price discovery, risk management, and efficient resource allocation. Furthermore, it provides transparency when it comes to pricing trends as it focuses on the law of supply and demand Different Ways Commodities can be Traded 1.

Raw materials 178

Raw materials Supply Chain Efficiency Price Market analysis 178

SCMDOJO

JUNE 3, 2025

Transparent Costs and Building Strong Supplier Relationships: Discover the valuable role transparency plays in building trust with customers and suppliers. Saving time this way means you can turn your focus towards strategy instead of chasing down data. Its smarter, faster, and built for modern procurement challenges.

Procurement 54

Procurement Supply Chain Efficiency supply chain budgeting Budget 54

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.

Innovation 52

Innovation Supply Chain Efficiency Procurement Category management 52

SCMDOJO

AUGUST 21, 2023

Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supply chain!” In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. Discover the Top 10 TikTokers reshaping how you view supply chains.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 98

Procurement Insights

FEBRUARY 27, 2025

I have noted that many LinkedIn posts regularly mention the belief that the C-Suite continues to see procurement primarily, if not solely, as a cost-savings function. This broader agenda suggests that while cost savings remain important, procurement’s role has expanded to include value creation and strategic partnership.”

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Optimization Procurement Supply Chain Efficiency 52

Spend Matters

FEBRUARY 27, 2023

Categories: Analytics , Procurement Strategy & Planning , Spend Analysis , Supplier Information Management Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of Vendigital, its solution for spend and supplier analytics and how it pairs these tools with its consulting capabilities.

Suppliers 98

Suppliers Buyers Strategic sourcing Strategic sourcing 98

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

SCMDOJO

DECEMBER 14, 2023

This crucial step forms the foundation for a tailored and efficient sourcing process. Sourcing agencies take charge of the entire shipment process, selecting the most efficient and cost-effective shipping methods. Here, the agency seeks to understand the client’s specific needs, budget constraints, and quality standards.

Sourcing 102

Sourcing Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 102

Procurement Insights

APRIL 30, 2025

THE SHORT ANSWER Procurement Insights is not a replacement for analyst firms its a complementary and sometimes disruptive mirror , helping enterprise buyers and tech vendors see past sanitized reports into what actually matters to practitioners. Moderate trust due to limited transparency and consulting ties.

Procurement 52

Procurement Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 52

ivalua

MARCH 27, 2023

E-invoicing Mandate | France 2024 March 27, 2023 | | Procurement Strategy by Steve Carter The biggest change to Accounts Payables since the introduction of double entry journals is about to hit finance departments–but are they prepared? Read More : Under Pressure, Will Procurement Take Performance Higher in 2023?

Procurement strategies 130

Procurement strategies Real-time Visibility Agile and Lean Supply Chain Networking 130

Spend Matters

OCTOBER 19, 2023

We are pleased to announce that the recognized Future 5 providers are: akirolabs — Founded by procurement veterans, akirolabs is a Berlin-based digital solution that helps transform procurement from a tactical function to a value orchestrator. Its founders have extensive supply chain and enterprise technology experience.

Supply Chain Optimization 112

Supply Chain Optimization Supply Chain Efficiency Procurement team Buyers 112

Procurement Tactics

JULY 14, 2022

Procurement Service Provider — The Ultimate Guide of 2022. The demand for a procurement service provider has increased due to the global market conditions. Additionally, the demand has increased as many buyers or firms cannot negotiate a reasonable price for products or services. The Role of Procurement Service Providers.

Procurement 130

Procurement Supply Chain Efficiency Negotiation Strategic planning 130

Procurement Software

MARCH 11, 2022

Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. And yet, poor operational efficiency in Procurement means that the typical Category Manager often spends at least a THIRD of their time performing “busy work” This is not an effective or efficient use of their time.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

SCMDOJO

OCTOBER 27, 2023

Payment Terms Negotiation: Determining the payment schedule, methods, and other financial terms that best suit both the buyer and the supplier. Quality and Specification Negotiation: Ensuring that the procured products or services meet the required quality and specification standards. The platforms make it transparent.

Supplier negotiation 105

Supplier negotiation Negotiation Suppliers Supply Chain Efficiency 105

Supply Chain Game Changer

NOVEMBER 15, 2018

Mingling with procurement professionals, sourcing experts, category gurus and purchasing managers under the day gave me an incredible insight into daily challenges and pain points regarding their digital procurement strategies. A New Kind of Transparency. Globalization has posed procurement teams with a double-edge sword.

Supply Chain Efficiency 67

Supply Chain Efficiency supply chain software solutions Procurement Procurement team 67

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 105

Category management Management Supplier relationship management supply chain software solutions 105

Procurement Tactics

JULY 14, 2022

So without further ado, let us start uncovering the procurement tender. . What is Procurement Tender? Almost all professionals in supply chain and procurement know that it is part of the huge procurement process. The tendering follows a strict process to promote transparency and fairness among bidders. .

Procurement 130

Procurement Bidding Supply Chain Efficiency Contract 130

Procurement Insights

APRIL 3, 2025

It hosts global events, supports startup innovation, and provides thought leadership to procurement professionals seeking digital transformation. Like any ecosystem, it has both positive and critical aspects , depending on your perspective whether you’re a startup, enterprise buyer, vendor, or procurement leader.

Innovation 52

Innovation Real-time Visibility Sustainability Collaboration 52

ivalua

MARCH 9, 2023

It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. The 7 Steps of Source-to-Pay Source-to-Pay is an interconnected cycle that gives Procurement the means to drive value for their business.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

Spend Matters

OCTOBER 3, 2023

Yet the recent Spend Matters co-authored Deloitte CPO study finds that “Nearly all CPOs understand the power of digitization, which is why digital transformation is the second most cited procurement strategy (behind supplier collaboration) and why 55% of Orchestrators of Value cite it as a “top 3” strategy (compared to just 36% of Followers).”

Procurement 110

Procurement Price Buyers supply chain budgeting 110

Value Match

AUGUST 4, 2022

Procurement Best Practice. Procurement Policy Notes. Procurement Strategy. Biometric machines for workers to clock-in and clock out could control the practice of overwork and underpay – although supply chain auditors found this could be circumvented by hiding a secondary machine or using a separate paper record.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Ethics Supply 52

Jaggaer

OCTOBER 24, 2024

Let’s explore how procurement leaders can unlock significant cost savings by leveraging supplier collaboration strategies. From bundling spend to identifying mutual efficiencies, these approaches not only drive down costs but also strengthen supplier relationships, ensuring sustainability and value over time.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain budgeting 52

Value Match

JANUARY 26, 2023

The investigation comes following the Uyghur Forced Labour Prevention Act that bans products from Xinjiang unless organisations can prove their supply chains are free from forced labour. The report has a number of recommendations for buyers concerned about forced labour in Xinjiang.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Supply Bidding 52

Jaggaer

JULY 4, 2024

Well partly because it’s what the public demands but more urgently because carbon accounting impacts a company’s valuation and future prospects Thus carbon reduction has significantly expanded procurement’s traditional mandate to deliver cost reduction, quality assurance and efficiency with this new dimension.

Strategic sourcing 59

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 59