Procurement Tactics

MAY 8, 2023

We will discuss the importance and the different stages of CPFR. CPFR is a business strategy that involves the collaboration of multiple partners to satisfy customer demand. Why is CPFR Important? Procurement Strategy Course Take the lead with our proven 5-step procurement strategy 3. However, what is it?

Supply Chain Efficiency 200

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 200

Procurement Tactics

NOVEMBER 29, 2022

That is why in this article, we will try to erase your confusion by discussing to you what MRO is. We will tell you about MRO purchasing and MRO inventory management. We will tell you about MRO purchasing and MRO inventory management. MRO in Procurement — Everything You Should Know. What is MRO in Procurement? Office suppliers.

Procurement 168

Procurement Inventory Purchasing Procurement strategies 168

Procurement Tactics

AUGUST 22, 2022

In this article, we will discuss what tail spending is and how you can manage it. We will also check why it is important to manage the tail spend of an organization. What is considered tail spend in one category may not be the same in others. Not actively managed spend. What is Tail Spending?

Purchasing 130

Purchasing Suppliers Negotiation Procurement 130

Procurement Leaders

MARCH 22, 2023

Three years ago, we finalised our structural transformation to a global category-focused team. We’ve invested resources in specialist risk-management capability – which is a legacy of Covid, when we realised we needed a more systematic approach to mitigation planning.

Supply Chain Efficiency 130

Supply Chain Efficiency Risk Supply chain Suppliers 130

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. Additionally, we will tell you some tips on how you can manage it source-to-contract when disruption arises.

Contract 156

Contract Sourcing Purchase orders Bidding 156

Procurement Tactics

JANUARY 2, 2023

Further, we will uncover to you key strategies for better supplier integration. . For this article, we will discuss what supplier integration is. We will tell you the essential elements to have effective supplier integration. So without further ado, let us now delve into supplier integration. . Supplier Integration: What is it?

Suppliers 199

Suppliers Supply Chain Efficiency Real-time Visibility Collaboration 199

Procurement Heads

JUNE 28, 2023

She attained a Chemical Engineering degree from the University of Cambridge and started her career with the Ford Motor Group, before joining the Mars family as a management graduate trainee. I then did some cocoa trading, before several years of going deep into packaging as a category which I did for about five years.

Sustainability 130

Sustainability Supply Chain Efficiency Leadership Supply chain 130

Procurement Software

JANUARY 16, 2024

From the CEO or CFO’s office, it may appear that everything seems to be under control and well managed. Running a few pre-planned eAuctions and refreshing your category strategies every couple of years are not the hallmarks strategic procurement team. And let’s face it, most category strategies are a box-ticking exercise.

Procurement 52

Procurement Procurement team supply chain budgeting Budget 52

SCMDOJO

JULY 3, 2023

Procurement training equips you to excel in the corporate world by teaching you everything from supplier dynamics to negotiating strategies. The demand for qualified individuals keeps rising as businesses increasingly understand how important procurement is to their overall strategy.

Cost of ownership 78

Cost of ownership Procurement Category management supply chain software solutions 78

Una

AUGUST 17, 2022

This comprehensive guide will go over tail spend in procurement and provide resources for how to implement an effective tail spend management strategy. You’ll hear from industry experts who have been there, done that, and can share best practices for managing tail spend. Let’s dive in. Let’s dive in.

Real-time Visibility 98

Real-time Visibility Spend management Procurement team Purchasing 98

Procurement Heads

SEPTEMBER 12, 2023

In the early days of my career, a wise manager encouraged me to ‘go and cut my teeth’ in an indirect team, which was absolutely the right thing to do. In the early days of my career, a wise manager encouraged me to ‘go and cut my teeth’ in an indirect team, which was absolutely the right thing to do. How did you get into Procurement?

Supply Chain Efficiency 130

Supply Chain Efficiency Sustainability Collaboration Procurement 130

Barkers Procurement

SEPTEMBER 5, 2023

Why Cost Transformation Matters in 2023? Cost transformation is more than just about cutting costs: managing costs effectively and ensuring they align with the organisation’s strategy and main initiatives. Below is a look at why cost transformation matters in 2023.

Demand 52

Demand Sustainability Influencing Business strategy 52

Procurement Heads

SEPTEMBER 14, 2022

I have a team of 30 people with end-to-end category management responsibility. Procurement and supplier management are carried out by separate teams under my leadership. I also have accountability for the supply chain third-party management risk and environmental, social and governance (ESG) strategy.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Suppliers Supply chain Risk 130

Spend Matters

JANUARY 23, 2024

So it’s important to see GenAI as part of the big AI family picture, but with different techniques, tools and so on. We see this with the incorporation of a LLM into SAP Ariba Category Management and the increasing role of Joule across our portfolio.” AI existed for a long time before generative AI (GenAI) emerged.

Category management 63

Category management Data Procurement supply chain software solutions 63

Una

MARCH 6, 2024

In this guide to outsourced procurement, we explore why businesses outsource, shed light on some fascinating statistics, delve into the main functions that are commonly outsourced, and provide practical tips for successful outsourcing. Download Full Guide Introduction Everyone outsources. billion by 2027 , growing at a CAGR of 8.8%.

Procurement 52

Procurement Agile and Lean Supply Chain Purchasing Supply Chain Efficiency 52

Barkers Procurement

MAY 25, 2023

Discover the key strategies and best practices for effective tail spend management. What is Tail Spend Management? Tail spend can cover Indirect and Direct categories. Why should you look to control your Tail Spend? The importance is to look at Tail Spend in a collective manner. Our approach is simple.

Spend management 52

Spend management Import Management Eprocurement 52

Una

APRIL 6, 2023

Months down the track, procurement will have to answer to the head of finance and explain why so little of the promised cost savings materialized on the company’s bottom line. Without rigorous contract management, up to 75% of cost savings can disappear within 18 months of signing. It’s a hotly debated question.

Procurement 97

Procurement Supplier relationship management Supplier negotiation Contract 97

Spend Matters

AUGUST 29, 2023

Continuing our series of analyst observations on procurement tech market movements, this week we are considering the development of dark web monitoring as a tool in cyber supply chain risk management. This is despite the years of examples for why procurement needs a more proactive cyber supply chain risk management (C-SCRM) strategy.

supply chain software solutions 92

supply chain software solutions Risk management Risk Supply chain 92

Procurement Tactics

AUGUST 17, 2022

We will also check how organizations assess their potential suppliers and their importance in procurement. . We will also check how organizations assess their potential suppliers and their importance in procurement. . The Importance of Supplier Evaluation. The Importance of Supplier Evaluation. Editor's note: Hi there!

Suppliers 130

Suppliers Procurement Quantity Price 130

Procurement Tactics

SEPTEMBER 21, 2022

Why Invest in a Sustainable Procurement? After reading this article, you will have an enhanced knowledge of the requirements in sustainable procurement. Thus, it will allow you to align the requirements with your business goals and objectives. . What is sustainability in Procurement? Editor's note: Hi there! ENROLL NOW. Cost reduction.

Sustainability 188

Sustainability Procurement Cost of ownership Suppliers 188

Procurement Leaders

JUNE 13, 2022

It is the largest infrastructure project in Europe and the most important economic and social regeneration project in decades. A group of five people formed an extension of the existing 10-person Supply Chain Management team within the 200-strong Procurement & Supply Chain function to focus on this. What is HS2?

Supply Chain Efficiency 130

Supply Chain Efficiency Supply chain Contract e2e 130

Una

JUNE 6, 2023

One such experimenter is Joshua Palacios, Senior Sourcing Manager at Ro. One such experimenter is Joshua Palacios, Senior Sourcing Manager at Ro. By Hugo Britt | June 6, 2023 Search Search The exciting thing about ChatGPT is its accessibility. Perhaps there are colleagues on your procurement team who prefer to pretend it doesn’t exist.

Procurement 52

Procurement Negotiation Suppliers Strategy 52

Una

JUNE 6, 2023

One such experimenter is Joshua Palacios, Senior Sourcing Manager at Ro. One such experimenter is Joshua Palacios, Senior Sourcing Manager at Ro. By Hugo Britt | June 6, 2023 Search The exciting thing about ChatGPT is its accessibility. Perhaps there are colleagues on your procurement team who prefer to pretend it doesn’t exist.

Procurement 52

Procurement Negotiation Suppliers Strategy 52

ivalua

JUNE 1, 2022

From this discussion, we compiled a list of 8 critical supply chain management activities that to improve, build, and maintain supply chain resilience now and in the years to come. Why is visibility so important? In fact, they experienced just two weeks of disruption before they were up and running.

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

IBM Supply Chain Blog

MAY 18, 2023

” The new Forrester Wave™ report details how IBM compares with other vendors in the AI-decisioning landscape based on current offering, strategy and market presence scores. . This report outlines the combination of traditional decision automation tools with machine learning models and other technologies.

Strategy 92

Strategy Risk Import Data 92

Una

DECEMBER 6, 2022

We may be biased, but we’d like to add one more important no-brainer to this list: joining a group purchasing organization (GPO). We may be biased, but we’d like to add one more important no-brainer to this list: joining a group purchasing organization (GPO). Here’s why. GPOs help get you aligned with your strategy.

Purchasing 98

Purchasing Procurement strategies Risk Suppliers 98

Future Purchasing

OCTOBER 4, 2022

Developing a pipeline of category projects should be a collaborative and creative process. Too often Procurement works in isolation when deciding what category projects to work on. The importance of strategic alignment. Procurement teams clearly appreciate why strategic alignment planning activity is such an important activity.

Category management 52

Category management Collaboration Real-time Visibility Management 52

Barkers Procurement

MAY 17, 2023

On 11 May, Barkers collaborated with Coupa Software and Positive Planet to deliver the Power of Procurement in your Sustainability Strategy webinar. Within the session Stephen talked about the importance of addressing scope 3 emissions since, for most organisations, between 70 and 90% of their carbon emissions lie in this area.

Procurement 52

Procurement Collaboration Strategy Import 52

Procurement Heads

AUGUST 11, 2022

I believe change is the key element in building my career, I am the type of person who is energised by change; even my family keep asking me why I change all the time. They were looking for a Global Procurement Transformation Manager to lead one of their pilots and implement a procurement operating model globally.

supply chain budgeting 130

supply chain budgeting Supply Chain Efficiency Supply chain Leadership 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

Jaggaer

SEPTEMBER 1, 2020

“Strategy without tactics is the slowest route to victory. Tactics without strategy is noise before defeat.” – Sun Tzu, The Art of War . W hile these are reasonable goals that are naturally associated with category management, they are not specific enough to serve as a motivating value proposition. .

Category management 52

Category management Management Buyers Supply Chain Efficiency 52

SupplyShift

FEBRUARY 15, 2023

We’re seeing a clear trend for companies that are struggling with what to do next: A category or material-based approach to managing Scope 3 GHGs in the supply chain is what’s needed most. A category-based approach is best suited for more mature companies to manage Scope 3 reductions now and into the future.

Raw materials 52

Raw materials Suppliers Leadership Supply chain 52

Spend Matters

AUGUST 8, 2023

Everyone is well aware of the cause of this attention amplification: scarcely any business escaped the repercussions of pandemic, but as our research analyst Abigail Ommen puts it: “Prior to the Covid 19 pandemic, only a small subset of people was acutely aware of risk management.

Risk management 89

Risk management Risk Management supply chain budgeting 89

SCMDOJO

JULY 26, 2023

These films were chosen to inspire and educate both aspiring negotiators and seasoned procurement managers. So, grab some popcorn and get ready to explore these cinematic treasures, as each one aims to shed light on various aspects of negotiation by showcasing individuals who best represent the best talents and strategies.

Negotiation 91

Negotiation Ethics Category management Supply Chain Efficiency 91

Procurement Heads

JUNE 6, 2023

Additionally, I am responsible for driving our technology initiatives, including e-tendering platforms, contract management, and ERP integrations. Could you tell us a bit about yourselves? I have been in procurement way too long, I stopped counting after 25 years! I also serve as the sponsor for our all of our complex procurement activities.

Contract management 130

Contract management Contract Supply Chain Efficiency Procurement 130

Una

FEBRUARY 20, 2023

Elements of a Diversified Procurement Strategy A diversified procurement strategy will utilize both traditional and nontraditional methods of sourcing to drive cost savings and value. This includes implementing aspects of a traditional procurement strategy and adding in some unconventional means to get desirable results.

Procurement strategies 98

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 98

Barkers Procurement

JANUARY 22, 2023

A range of challenges lie ahead that could derail procurement projects, which is why, in 2023, having the support of a digital procurement service provider matters more than ever. Streamlining operations more can help you free up extra time to focus on strategy. Access to key materials and goods could be a problem.

supply chain budgeting 52

supply chain budgeting Procurement Category management Supply Chain Efficiency 52