Procurement Tactics

AUGUST 24, 2022

Or receive our famous weekly newsletter. Supplier Networks — The Ultimate Guide of 2022. Supplier networks are important in the procurement industry to find your preferred supplier. In this article, we will discuss what supplier networks are. So without further ado, let’s unravel the parts of supplier networks. .

Networking 130

Networking Suppliers Buyers supply chain budgeting 130

Procurement Leaders

APRIL 15, 2024

The concept of supply chain redesign has been the subject of several CPO discussions over the past couple of years, increasingly since Covid and even more so since Russia’s invasion of Ukraine. In short, there are too many forces in play to prevent the need for a fundamental rethink of global supply-chains. Many reasons.

Supply 130

Supply Sustainability Supply chain Demand 130

Procurement Leaders

JUNE 9, 2022

Supplier diversity programmes can increase the supplier pool and create healthy competition, which can lead to better goods and services as diverse suppliers bring unique ideas and innovative ways of working. The supplier diversity team has been grown from just one person to four since 2019.

Supply chain 130

Supply chain Supply Procurement team Suppliers 130

Una

JULY 12, 2023

EPISODE 123 Healing Healthcare Supply Chains with Luká Yancopoulos By Kelly Barner | July 12, 2023 Many supply chains deal with pain points. That venture is now Grapevine, a system that addresses miscommunications between suppliers and buyers in the healthcare industry.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply chain Supply 52

Una

MARCH 8, 2023

Pain Points in Procurement Series When Supplier Negotiations Come to a Standstill What to do when supplier negotiations appear to be at an impasse, why negotiations break down, and how to up your chances for success. This week, we explore the challenges and solutions involved when supplier negotiations hit an impasse.

Supplier negotiation 97

Supplier negotiation Negotiation Suppliers Buyers 97

Procurement Tactics

JUNE 22, 2023

A sales order is a confirmation document a supplier/seller issued to the buyer. It is a document that confirms the buyer’s request, including the agreed-upon terms and details such as the prices, quantities, payment method, delivery terms, and any other relevant information.

Purchase orders 200

Purchase orders Purchasing supply chain software solutions Buyers 200

Procurement Tactics

JUNE 30, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter 9 Best US Lumber Suppliers — Industry Outlook, Considerations, Pricing, and Reviews The US based Forest Economic Advisors, LLC (FEA) predicted a 16% US housing drop in 2023.

Price 177

Price Suppliers Negotiation Quality 177

Una

JANUARY 17, 2023

A Snapshot of Supply Chain Technology. Breaking down the latest supply chain technology into several categories to provide a snapshot of the current state of the industry. Spare a thought for supply chain managers during the Age of Sail. Supply chain technology. Streamlined cross-border trade.

Supply Chain Efficiency 98

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

Procurement Tactics

JUNE 26, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Top 10 US Wholesale Jewelry Suppliers — Pricing & Reviews According to IBISWorld, the US wholesale jewelry market declines by 2.7% Now, it’s time to choose wholesale jewelry suppliers.

Suppliers 146

Suppliers Price Negotiation Purchasing 146

Una

JUNE 8, 2023

What Makes a Supplier Strategic? Explore what makes a supplier strategic, learn why it matters, and how you can get noticed by supplier partners that are critical to your business. What makes a supplier strategic - and why does it matter? Will production or productivity grind to a halt if you suddenly lose that supplier?

Suppliers 52

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

Procurement Tactics

AUGUST 25, 2022

Or receive our famous weekly newsletter. 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. Furthermore, He was voted by Supply Chain Digital as one of the top 10 procurement executives worldwide.

Procurement 231

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

Una

JANUARY 16, 2024

Robert is a sourcing buyer for Bugatti Rimac, a Croatian company that develops and produces cutting-edge hypercars. And while this means procurement has a diverse range of skill sets in their ranks, it does leave many teams without a solid educational foundation like what might be found in marketing or operations.

Supply Chain Optimization 80

Supply Chain Optimization Procurement Buyers Sourcing 80

Procurement Tactics

JULY 2, 2023

Supplier Selection Another key factor to consider when making a successful job order is by identifying the right supplier for your procurement. Procurement professionals can assess the prospective suppliers on the basis of their ability and commitment to comply with the criteria and metrics need for your business procurement needs.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

Procurement Tactics

NOVEMBER 27, 2022

Or receive our famous weekly newsletter. A move towards favoring goods and services that do not negatively affect the environment not only has a direct positive impact on the environment but also sends a strong message to suppliers and manufacturers to take green initiatives seriously. . Ultimate Supplier Plotting Checklist 2022.

Procurement 191

Procurement Sustainability Purchasing Raw materials 191

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. What is its Purpose?

Purchase orders 130

Purchase orders Purchasing Buyers Quantity 130

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

Procurement Tactics

SEPTEMBER 9, 2022

Or receive our famous weekly newsletter. The Kraljic matrix is used by organizations to help them work smartly with their suppliers. The Kraljic matrix was created by Peter Kraljic and first appeared in the Harvard Business Review in 1983 to devise a means to segment the supplier base. . First Name. Download Free Whitepaper ?.

supply chain budgeting 130

supply chain budgeting Purchasing Risk Market analysis 130

Procurement Tactics

JULY 14, 2022

Or receive our famous weekly newsletter. Procurement executives are known as purchasing agents or buyers in some organizations. Purchasing agents are responsible for negotiating and evaluating with the suppliers. They must have a keen eye for seeing opportunities with their potential suppliers to get the lowest price possible.

Procurement 130

Procurement Purchase orders Purchasing Negotiation 130

Una

MAY 7, 2024

But in the world of procurement, should-cost analysis is a valuable exercise that can: Provide a benchmark for negotiating prices with suppliers Identify potential cost-saving opportunities , and Ensure that the prices being quoted are fair and reasonable. Instead, the focus should be on agreeing on a fair and reasonable price.

Procurement 52

Procurement Price Negotiation Supply Chain Efficiency 52

Una

MAY 23, 2023

Along came Group Purchasing, the dashing protagonist with an unparalleled ability to unite like-minded buyers and channel their collective strength. With Group Purchasing by her side, she gained access to a vast network of suppliers , expanding her horizons and diversifying her supply chain.

Purchasing 97

Purchasing Supply Chain Efficiency Supply Chain Optimization Procurement 97

Jaggaer

OCTOBER 22, 2020

“Spend management and procurement will play a key role in enabling banks to achieve their efficiency targets while managing supply chain risks,” he added. In our poll, webinar participants saw business partnering, supplier innovation and collaboration, and supply chain risk management as their key areas of focus for procurement.

Strategy 52

Strategy Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 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 ensures they get the best deal possible with their suppliers. This involves suppliers competing in sequential bidding.

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

Planergy

OCTOBER 20, 2022

Sourcing Supply Chain Management. RFX – request for X – can refer to any request a buyer issues a vendor – thereby applying to any of these documents. An ROI, also called an Expression of Interest or EOI, is not a solicitation for bids but a way for organizations to gauge interest from potential suppliers.

Buyers 52

Buyers Supply Chain Efficiency Suppliers Price 52

Una

JANUARY 1, 2024

Survey all stakeholders, including your own team, end-users of your procurement systems, your suppliers, heads of other functions, and your leadership team. Without visibility of contract expiry dates and auto-renewals, procurement and their partners in IT miss out on the opportunity to change suppliers or renegotiate the contract.

Procurement 52

Procurement supply chain software solutions Contract Suppliers 52

Procurement Tactics

JUNE 26, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Top 10 US Dropshipping Suppliers — Pricing & Reviews The US dropshipping market reached an estimated amount of $15.64 Top 10 US Dropshipping Suppliers Study Procurement Study Negotiations 1.

Price 195

Price Suppliers Negotiation Real-time Visibility 195

Una

JUNE 6, 2023

The Limitless Possibilities of ChatGPT in Procurement With the explosion of generative AI, learn how to utilize ChatGPT in procurement to conduct research, analyze spend data, and communicate better with suppliers. Say you need to write an email to stakeholders about a new supplier. I said, ‘You are going to act as a supplier.

Procurement 52

Procurement Negotiation Suppliers Strategy 52

Una

JUNE 6, 2023

The Limitless Possibilities of ChatGPT in Procurement With the explosion of generative AI, learn how to utilize ChatGPT in procurement to conduct research, analyze spend data, and communicate better with suppliers. Say you need to write an email to stakeholders about a new supplier. I said, ‘You are going to act as a supplier.

Procurement 52

Procurement Negotiation Suppliers Strategy 52

Una

APRIL 18, 2023

What would happen if we expanded the circle to include executive stakeholders, distributed buyers, and even suppliers? The time and energy put into building out a dynamic team – and your approach to leading them – should take just as much effort as a contract negotiation, supplier relationship, or sourcing project.

Procurement 98

Procurement Procurement team Leadership Supply Chain Optimization 98

IBM Supply Chain Blog

APRIL 25, 2024

BPR examples: Use cases Streamlining supply chain management Using BPR for supply chain optimization involves a meticulous reassessment and redesign of every step, including logistics, inventory management and procurement. This can enable significant cost savings and improve profitability.

Supply Chain Efficiency 64

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting supply chain software solutions 64

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. From a supplier's perspective, the industrial buying cycle is a two-step process: 1.

Buyers 128

Buyers Buying process Suppliers Sourcing 128

Una

MAY 23, 2023

Along came Group Purchasing, the dashing protagonist with an unparalleled ability to unite like-minded buyers and channel their collective strength. With Group Purchasing by her side, she gained access to a vast network of suppliers , expanding her horizons and diversifying her supply chain.

Purchasing 52

Purchasing Supply Chain Efficiency Supply Chain Optimization Procurement 52

Una

FEBRUARY 22, 2023

Don’t make the mistake of squeezing your suppliers for short-term cost savings as this will damage relationships and the opportunity for long-term value creation will be lost. GPOs leverage the collective buying power of their members to obtain volume discounts from suppliers and vendors.

Strategy 52

Strategy Purchasing Supply Chain Efficiency Supplier consolidation 52

Una

NOVEMBER 19, 2023

In addition to procurement practitioners and supply chain professionals, The Sourcing Hero features guests from a variety of industries and career paths, each with a narrative that is relatable and relevant. Episode 136 For me, I guess a sourcing hero is a buyer that makes the impossible possible. Suppliers are people.

Sourcing 52

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

Planergy

JANUARY 19, 2023

Using ABC Analysis: Class A: These purchases account for 80% of your total cost of purchases for 20% of suppliers. Class B: These purchases account for 15% of the total cost of purchases for 30% of suppliers. Class C: Tail Spend: These purchases account for 5% of your total cost of the purchases for 50% of your suppliers.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

The Procuretech Podcast

OCTOBER 12, 2021

Hot Digital Procurement and Supply Chain Startups in the ESG and Risk Management Space. Shipzero tracks and manages transport emissions, helping freight buyers and logistics managers to have more transparency around their shipping data. . Tobias Bohnhoff, Founder of Shipzero is my first guest.

Risk management 40

Risk management Risk Supply Chain Efficiency Management 40

The Procuretech Podcast

FEBRUARY 22, 2022

She studied Procurement and Supply Chain in Bordeaux and then moved into the corporate world, starting out in the FMCG industry, moving then into aeronautics and then finally the automotive industry. Understanding knock-on effects and having predictive models to be able to evaluate this impact on the overall supply chain is key.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Innovation Supply chain 40

The Procuretech Podcast

MAY 3, 2022

Given the current supply chain crisis and geopolitical instability, what better time to speak to a guest from a unique eSourcing solution? He explains a win/win situation here - with both buyers and suppliers benefiting from richer, more detailed data. Sign up for the Procurement Software Newsletter.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Bidding Sourcing supply chain software solutions 52