ProcurePort

OCTOBER 11, 2023

Reverse auctions are a procurement strategy that flips the traditional purchasing process on its head, allowing suppliers to compete for a buyer’s […] The post Reverse Auctions for Cost Savings in a Down Economy appeared first on ProcurePort Blog. One such method gaining popularity is the use of reverse auctions.

Procurement strategies 130

Procurement strategies Buyers Innovation Purchasing 130

Procurement Tactics

AUGUST 25, 2022

33 Procurement Interview Questions in 2022. Procurement Speakers 2022 – 10 Most Popular Experts. Procurement speakers share their knowledge to inspire people in procurement that they are making a difference in the world. However, not all in the field of procurement are updated as they are more focused on their work. .

Procurement 231

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

Skill Dynamics

OCTOBER 19, 2023

A crucial part of successful procurement strategies is the art and science of negotiation. Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract.

Negotiation 52

Negotiation Procurement Procurement strategies Buyers 52

Procurement Tactics

JUNE 8, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Purchase Order vs Invoice — 7 Key Differences Purchase orders and invoices may be hard to differentiate, especially if you are new in the procurement industry. So without further ado, let us now start!

Purchase orders 130

Purchase orders Purchasing Buyers Quantity 130

World of Procurement blog

APRIL 23, 2024

In today's fast-paced business world, efficient procurement processes are more crucial than ever. Whether you're running a small business or overseeing operations for a large corporation, understanding the procurement lifecycle is vital for minimizing costs while maximizing value. But what exactly goes into these processes?

Purchase orders 52

Purchase orders Procurement Quantity Budget 52

World of Procurement blog

APRIL 23, 2024

In today's fast-paced business world, efficient procurement processes are more crucial than ever. Whether you're running a small business or overseeing operations for a large corporation, understanding the procurement lifecycle is vital for minimizing costs while maximizing value. But what exactly goes into these processes?

Purchase orders 52

Purchase orders Procurement Quantity Budget 52

Spend Matters

APRIL 22, 2024

Penny is a cloud-based procurement solution that covers the procurement journey from purchase requisition to sourcing to payments. To potential buyers — Penny enjoys fast user adoption due to its user-friendly procurement experience. This Spend Matters Vendor Analysis provides an overview of Penny and its P2P solution.

Procurement strategies 82

Procurement strategies Purchasing Procurement solutions Buyers 82

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

World of Procurement blog

MAY 8, 2024

What is Procurement? Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. Scope : Procurement spans the entire process from identifying requirements to contract closure. Stakeholders : Procurement involves multiple internal stakeholders across the organization.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Tactics

JANUARY 5, 2023

33 Procurement Interview Questions in 2023. A PunchOut catalog is a dream come true for many procurement professionals that use an e-procurement system. . We will explain how it works and its benefits in procurement. Download Whitepaper →. . Or receive our famous weekly newsletter. PunchOut Catalog: What is it?

Buyers 179

Buyers Purchasing Suppliers Procurement 179

Procurement Tactics

JANUARY 4, 2023

33 Procurement Interview Questions in 2023. Best Legal Procurement Practices for Successful Workflow. Effective procurement process management will lead to a successful procurement cycle. Here are some of the best procurement policies and procedures that will get your business on the right track. Due Diligence.

Procurement 195

Procurement Contract Negotiation Quality 195

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. However, what is it?

Sustainability 177

Sustainability Suppliers Chief Procurement Officer Supply Chain Efficiency 177

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 Agile and Lean Supply Chain Real-time Visibility Networking 130

Procurement Software

MAY 14, 2024

Intake and procurement process orchestration is all about managing stakeholders as they navigate through the procurement process. Procurement is an intricate operation, with many moving parts and stakeholders, each playing a critical role in the harmony of your business operations. But, it’s way more than that.

Procurement 52

Procurement Real-time Visibility e2e Chief Procurement Officer 52

Spend Matters

SEPTEMBER 9, 2022

Categories: Conferences , Innovation , Jason Busch , Procurement Strategy & Planning Tags: Conferences and Events , Digital Procurement World Since its inaugural event, we have been known to say of Digital Procurement World that it is “The Best New Procurement Event in Years.” Read all about it here.

Procurement 70

Procurement Procurement strategies Innovation Buyers 70

Spend Matters

AUGUST 16, 2023

Spend Matters constantly updates its understanding of the state of the procurement tech market via RFIs for our SolutionMap dataset, vendor interviews, global event attendance and product demos with the aim of keeping tech-selection decision makers ahead of market trends. It’s an exciting, yet challenging, time for procurement teams.

Procurement 80

Procurement Procurement team Buyers Risk 80

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. Circular Procurement: What is it?

Sustainability 130

Sustainability Procurement Raw materials Import 130

Una

AUGUST 3, 2023

Short-Sightedness in Procurement Learn how to avoid short-sightedness in procurement and adopt a long-term perspective with the help of a group purchasing organization (GPO). What are the signs of short-sightedness in procurement, why does it matter, and (most importantly), how can it be fixed? Merriam-Webster).

Procurement 52

Procurement Procurement strategies Innovation Sustainability 52

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. However, what is it?

supply chain software solutions 130

supply chain software solutions Collaboration Suppliers Supply Chain Efficiency 130

Procurement Tactics

DECEMBER 7, 2022

33 Procurement Interview Questions in 2022. The financial supply chain is new to many procurement professionals, especially those who have just started their journey in the procurement and supply chain industry. . The financial supply chain works best when the buyer has a better credit score than the seller.

Supply Chain Efficiency 181

Supply Chain Efficiency Supply Chain Optimization supply chain software solutions Supply chain 181

Spend Matters

OCTOBER 3, 2023

We recently spoke with procurement solution providers to discover what their customers are asking of them. In a new series of investigations Spend Matters is speaking with representatives from the world of procurement tech practitioners and consultants to discover the word on the street about the challenges of ‘turning digital.’

Procurement 75

Procurement Price Buyers supply chain budgeting 75

Procurement Tactics

JULY 14, 2022

33 Procurement Interview Questions in 2022. Procurement Executive — The Ultimate Guide of 2022. Having a procurement executive in your company will determine the success of your procurement process. However, many newbies in the procurement field are wondering what is the role of a procurement executive.

Procurement 130

Procurement Purchase orders Purchasing Negotiation 130

ivalua

AUGUST 17, 2021

What does Procurement mean? An organization’s Procurement function is responsible for managing spend, in other words the buying goods and services that are used to make the products sold to customers as well as the purchasing of products and services used to run the organization on a day to day basis. What is Direct Procurement?

Procurement 130

Procurement Procurement team Sourcing Supplier relationship management 130

Spend Matters

JANUARY 18, 2023

Categories: Contract Management , Procurement Strategy & Planning , Procurement Systems & Architecture Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of dSilo’s contract and invoicing analytics solution. dSilo is a new vendor with an emphasis on AI. Read more. )

Contract 67

Contract Procurement solutions Procurement Contract management 67

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation. Automation increases efficiency and reduces errors, leading to faster and more accurate procurement cycles.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Procurement Insights

OCTOBER 6, 2023

As emphasized in Part 4 of my Changing Face of Procurement Seminar Series titled “Winning Strategies for Vendor Engagement,” knowing if your e-procurement strategy is a “threat or a benefit” to your supply base is critical to the success of any initiative.” ” – Yes, Virginia!

Suppliers 52

Suppliers Buyers Procurement strategies Import 52

Una

JANUARY 1, 2024

5 Meaningful New Year's Resolutions for Procurement Sourcing Heroes can set their organization up for success by creating meaningful and realistic new year’s resolutions for procurement. Now’s the time for procurement professionals to make sure they get off to a flying start with some high-impact resolutions.

Procurement 52

Procurement supply chain software solutions Contract Suppliers 52

NLPA (Next Level Purchasing Association)

SEPTEMBER 21, 2023

In the relentless ebb and flow of the business world, one undeniable truth emerges with crystal clarity: the power of procurement skills isn’t just a valuable asset; it’s the lifeline of a resilient and thriving business, and the clock is ticking.

Procurement 52

Procurement Supply Chain Optimization Supply Chain Efficiency Purchasing 52

Pipefy

DECEMBER 20, 2023

Strategic procurement, or procurement strategic planning, is a data-driven process that helps businesses align procurement and business goals. What is strategic procurement? It also benefits end-to-end procurement management since visibility and transparency are emphasized. Why is strategic procurement important?

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Strategic planning 52

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. It usually begins with analyzing the product or service requirement and creating a sourcing strategy.

Contract 156

Contract Sourcing Purchase orders Bidding 156

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. CERTIFICATE COURSES Related courses about this subject 1.

Raw materials 178

Raw materials Supply Chain Efficiency Price Market analysis 178

Spend Matters

MARCH 8, 2023

Categories: Procurement Strategy & Planning , Procurement Systems & Architecture , Strategic Sourcing Tags: PRO In this Spend Matters PRO Vendor Analysis, we give an overview of akirolabs, a category strategy management solution built to support the transformation of procurement from a tactical function to the role of value orchestrator.

Strategy 69

Strategy Strategic sourcing Strategic sourcing Management 69

Spend Matters

OCTOBER 19, 2023

After 12 months of intense debate, Spend Matters has just released the 2023 ‘ 50 Procurement Providers to Know ’ and ‘ 50 Procurement Providers to Watch ’ lists. Introducing The Future 5 of 2023 Throughout the year, our analysts scour the market to find and scrutinize procurement tech newcomers. Have 5+ customers.

Supply Chain Optimization 83

Supply Chain Optimization Supply Chain Efficiency Procurement team Buyers 83

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 68

Suppliers Buyers Strategic sourcing Strategic sourcing 68

Procurement Tactics

OCTOBER 6, 2022

33 Procurement Interview Questions in 2022. RFP in project management is an important part of the procurement process as it gives you relief once you finally submitted the finished proposal. RFP is the most common tactic in procurement when companies wanted to select the best bidder for the project that they wanted to do.

Project management 180

Project management Management Bidding Buyers 180

Value Match

SEPTEMBER 22, 2022

Procurement Best Practice. Procurement Policy Notes. Procurement Strategy. Value Match are actively encouraging procurement professionals, stakeholders and the wider community to sign the Procurement Bill 2022 Petition to legally enshrine environmental considerations in future public sector procurement activity.

Procurement 52

Procurement Bidding Contract Procurement strategies 52

Pipefy

JANUARY 11, 2023

The need for efficient and error-proof procurement processes has never been greater. Following recent unprecedented events and disruptions, one thing has become clear: procurement optimization is no longer just about cost-effectiveness or efficiency. . What is procurement transformation?

Strategy 52

Strategy Procurement supply chain software solutions Agile and Lean Supply Chain 52