Empowering CPO

JUNE 14, 2023

At its core, procurement is the process of finding, agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. These models are often accompanied by practices such as annual rate contracts, bulk buying, and just-in-time purchasing.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

ivalua

FEBRUARY 25, 2021

ERP vs. Best-in-Class for Healthcare Supply Chain Management? Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts.

supply chain budgeting 221

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

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.

Purchasing 92

Purchasing Category management Real-time Visibility Supply Chain Efficiency 92

Una

JULY 25, 2023

The first three KPIs we suggest every procurement team should monitor are: Defect rates Lead time Contract compliance Can you guess what the other four KPIs will be? Every free resource is dedicated to empowering procurement to save more money, time, and effort. The role of sourcing is the same, no matter who your CPO’s boss is, right?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Procurement Category management 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

Procurement Leaders

JUNE 1, 2022

Excluded from planning meetings and strategic decisions, and with a team lacking the knowledge and relationships to drive real change, procurement was extremely decentralised, in control of just 30% of global spending and focused mostly on tactical, transactional activities. Creating a procurement centre of excellence.

Procurement 130

Procurement Strategic sourcing Strategic sourcing Leadership 130

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. Group purchasing works best when optimizing indirect procurement categories as these are often left unmanaged and not part of a company’s more strategic, direct spend amounts.

Purchasing 52

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

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. Catalog management in procurement is the strategic process of managing and maintaining a product catalog within an organization.

Management 52

Management Procurement Supplier relationship management Real-time Visibility 52

Supply Chain Game Changer

AUGUST 30, 2022

Subscribe to Supply Chain Game Changer. The Single Point of Failure in Supply Chain – Semiconductor Fabrication! Many businesses use some form of Total Cost of Ownership model to support their Procurement and sourcing decisions. But the reality is much different.

Cost of ownership 103

Cost of ownership Supply Chain Optimization Procurement Price 103

Supply Chain Game Changer

DECEMBER 3, 2019

Subscribe to Supply Chain Game Changer. Featuring Our 10 Best Inventory Management Articles! As I settled into the job and started learning, and studying, the various Supply Chain metrics I was surprised when I looked at the Inventory Turnover performance of the company. Subscribe Here! Email Address.

Inventory 56

Inventory Supply Chain Optimization Supply chain Supply 56