Procurement Tactics

DECEMBER 6, 2022

33 Procurement Interview Questions in 2022. Spend Management — The Ultimate Guide of 2023. Spend management is an important process to reduce losses and mistakes. However, how do you manage your spending? In this article, we will discuss what spend management is. Challenges in Managing Spending.

Spend management 172

Spend management Management Real-time Visibility Budget 172

Zycus Cognitive Procurement

JANUARY 16, 2023

You must have found yourself struggling with limited visibility into preferred or contracted suppliers, contract utilization status, budgeting issues, and multiple requirements for sourcing low dollar items or services. It is usually time consuming, require multiple approvals and follow ups. Lack of pricing compliance .

Sourcing 52

Sourcing Real-time Visibility Procurement Buyers 52

Procurement Software

OCTOBER 10, 2023

” The War for Talent and its impact on Procurement However, the task of getting these exceptional individuals on board is becoming increasingly challenging. There is an ongoing battle to secure top talent in procurement. Why is there specifically a war for talent in procurement? What does the war for talent mean?

Procurement 59

Procurement Real-time Visibility supply chain software solutions Category management 59

SCMDOJO

AUGUST 16, 2023

The company has implemented sophisticated barcode scanning and point-of-sale systems to collect real-time data from its stores. By employing these technologies, Walmart gains valuable insights into customer buying behavior, sales trends, and inventory levels.

Supply Chain Efficiency 74

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 74

Zycus Cognitive Procurement

DECEMBER 7, 2020

Savings target management is the need of the hour. The golden KPI for all procurement teams is savings. Some examples are – Category. Category manager. Selected parameters have to work in synergy (combination) to achieve real savings. Category Managers. Category and commodity savings.

Real-time Visibility 40

Real-time Visibility Management Procurement Category management 40

Procurement Heads

JULY 19, 2023

For our latest CPO Spotlight, Stephen spoke with Sagar Bhardwaj , Head of Practice – Consumer, about what has changed for him professionally since he last spoke with Procurement Heads. Our organisation is up and running, we have Category Managers, and we have regional teams. It is not for the faint-hearted! Unbelievably.

Real-time Visibility 130

Real-time Visibility Procurement Sustainability Import 130

Empowering CPO

JUNE 14, 2023

Brief Overview of Procurement Welcome to our deep dive into the world of procurement. But before we venture into the depths of innovation in this field, let’s first establish what procurement really is. This is especially true in procurement, where the landscape is rapidly evolving. Understanding Procurement A.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Empowering CPO

JUNE 30, 2023

At the heart of this revolution lies a powerful tool that many companies are now leveraging to achieve competitive advantage: Managed Procurement Services. As the name suggests, Managed Procurement Services involves the strategic outsourcing of procurement processes to expert providers.

Supply Chain Optimization 52

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

Empowering CPO

JULY 2, 2023

Introduction Welcome to our latest discussion on a crucial facet of business operations: Managed Procurement Services. If you’re new to the term, Managed Procurement Services refers to the outsourcing of a company’s procurement functions to a specialized firm.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Supply Chain Game Changer

MARCH 28, 2020

The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. But there is a profoundly significant Procurement value chain. Procurement is strategic! Now is the time for Procurement to SELL! Could the CPO Be Replaced by the Chief Value Officer?

Procurement 71

Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 71

Procurement Software

MARCH 11, 2022

Instead of looking at direct materials and purchased parts, the hidden opportunity is often found in effective tail spend management. But Procurement plays a vitally important role to plug the holes in the bucket, stopping the leakages from all of that new revenue that our Sales colleagues are generating. 3) Non-managed spend.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

Instead of looking at direct materials and purchased parts, the hidden opportunity is often found in effective tail spend management. But Procurement plays a vitally important role to plug the holes in the bucket, stopping the leakages from all of that new revenue that our Sales colleagues are generating. 3) Non-managed spend.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

IBM Supply Chain Blog

JANUARY 23, 2024

Procurement departments tend to be less visible to many stakeholders than sales, operations or even finance departments, but the impact they have on everything from the bottom line to product quality and service delivery shouldn’t be overlooked, which is why “procurement excellence” is a worthy pursuit.

Procurement 97

Procurement Real-time Visibility Contract Suppliers 97

Supply Chain Game Changer

JULY 3, 2019

But, as stakeholders in the future of tomorrow, we also have to be conscious about the necessary steps to realize sustainable impact, for real. So, what are the steps that need to be taken in businesses globally to make real sustainable impact? Businesses must serve as the champions of sustainability. Suppliers and partners.

Sustainability 58

Sustainability Sourcing Supply Chain Efficiency Real-time Visibility 58

Procurement Software

MARCH 11, 2022

Some of the advantages that procurement analytics software can provide. No clear understanding of the extent of maverick spend – i.e. the % of total spend which is not being managed by a procurement professional. It’s not easy for a procurement manager to do a spend analysis from scratch. But this is a good start.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Data Category management 52

Procurement Software

MARCH 11, 2022

Some of the advantages that procurement analytics software can provide. No clear understanding of the extent of maverick spend – i.e. the % of total spend which is not being managed by a procurement professional. It’s not easy for a procurement manager to do a spend analysis from scratch. But this is a good start.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Data Category management 52

Procurement Leaders

JUNE 1, 2022

Five years ago, global logistics company UPS’s procurement function was far from playing a strategic role. Delivering on these ambitious goals required the team to implement a dramatic overhaul of the procurement function that would bolster its capabilities and help cement a new relationship with the wider organisation.

Procurement 130

Procurement Strategic sourcing Strategic sourcing Leadership 130

Una

SEPTEMBER 22, 2022

Ultimate Guide to IT Procurement. A guide to IT procurement for navigating the complex IT sourcing process in a way that drives organizational efficiencies and improves your bottom line. Comprehensive Guide to IT Procurement. Procurement embodies purchasing across a wide range of categories.

Procurement 98

Procurement Real-time Visibility Contract Purchasing 98

Una

JULY 25, 2023

5 of the Most-Read Procurement Articles Don’t miss the five most-read procurement articles on Unaversity, Una’s online resource center dedicated to empowering procurement. As a procurement leader, it’s your responsibility to continue monitoring and upholding your suppliers’ performance. What’s in it for us?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Procurement Category management 52

Una

JULY 6, 2022

A guide to exploring the benefits of working with a group purchasing organization to save money, time and effort. The real value, however, and where you’ll truly benefit from working with a group purchasing organization like Una, lies beyond the initial cost savings. Supply Chain Management. Savings and beyond.

Purchasing 92

Purchasing Category management Real-time Visibility Supply Chain Efficiency 92

Planergy

JANUARY 18, 2024

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Using a dynamic punchout catalog ensures customers can access data directly from their procurement software, and the data is always correct.

Management 52

Management Procurement Supplier relationship management Real-time Visibility 52

Una

APRIL 9, 2024

It might not seem like much but at the time, that meant more wiggle room in our household budget as a young family. Bettering your bottom line As a procurement leader , I’m sure you’re often (always?) The fundamentals of group purchasing Incorporating group purchasing into your procurement strategy is one way to realize such savings.

Purchasing 52

Purchasing supply chain budgeting Real-time Visibility Supply Chain Optimization 52

Procurement Software

JULY 4, 2023

Digital procurement tools offer buying teams a once-in-a-generation opportunity. What is digital procurement? Digital procurement is a process where technology is used to streamline the procurement process, both operational and strategic. What is procurement tech? It can also provide real-time data and analytics.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement supply chain budgeting 52

Una

OCTOBER 11, 2022

Our team is dedicated to empowering procurement and technology professionals to make the best sourcing decisions for their organizations while saving money, time, and effort. As a horizontal GPO , Una leverages our buying power in categories that are commonly purchased by nearly every business. Technology. The benefits?

Spend management 97

Spend management Management Real-time Visibility Purchasing 97

Supply Chain Game Changer

FEBRUARY 5, 2020

What’s the Difference between Procurement and Purchasing? Why Procurement Transformation Fail article created by, and permission to publish here provided by, Jill Button at [link]. There are many reasons why Procurement Transformations fail, however, the below 3 keep coming up time and time again.

Procurement 70

Procurement Agile and Lean Supply Chain supply chain budgeting Negotiation 70

ivalua

FEBRUARY 25, 2021

What are the pros and cons, and what supply chain strategy will pave the way to higher margins, improved supply chain risk management in healthcare and improved patient care? That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts. Efficient warehouse management.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Supply Chain Game Changer

AUGUST 30, 2022

Many businesses use some form of Total Cost of Ownership model to support their Procurement and sourcing decisions. MOQ, Safety Stock) Performance (quality, delivery, responsiveness) Inventory positioning (eg. However outsourcing to low cost geographies result in incurring many other costs, which are not as visible as unit price.

Cost of ownership 103

Cost of ownership Supply Chain Optimization Procurement Price 103

The Procuretech Podcast

SEPTEMBER 7, 2021

Lars begins by explaining how he came to set up LeanLinking following a successful career in procurement as a Regional Category Manager for a pan-European hardware retailer. Most large companies don't have good supplier performance data outside of the standard on-time-in-full (OTIF) measurements.

Raw materials 52

Raw materials Import Supplier relationship management Real-time Visibility 52

Claritum

JULY 11, 2018

Claritum Article - Procurement Blog. To make effective decisions about indirect spend, it is important to understand the scope and breadth of the category – visibility. How deep can I dive into my category data? In this case there is a need to capture the data in real time in the first instance.

Real-time Visibility 36

Real-time Visibility Category management Purchasing Contract 36

Claritum

JULY 11, 2018

Claritum Article - Procurement Blog. To make effective decisions, It is important within any spend category to understand the scope and breadth of the category – visibility. How deep can I dive into my category data? In this case there is a need to capture the data in real time in the first instance.

Real-time Visibility 32

Real-time Visibility Category management Purchasing Contract 32

Supply Chain Game Changer

DECEMBER 3, 2019

First I would talk with the 3 main people in charge of the Inventory Management and Procurement buying functions within the company. I had the company’s 3 leaders for Supply Chain, Procurement and Logistics in town for 3 days to go through a deep discussion about everything. After all we were in this together.

Inventory 56

Inventory Supply Chain Optimization Supply chain Supply 56