Procurement Tactics

AUGUST 25, 2022

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. Trillion budget. . He began his career at A.T.

Procurement 231

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

ivalua

MAY 1, 2020

The total costs, in terms of human lives, disrupted supply chains, ruined businesses and GDP impact, are still just projections in the array of charts presented daily by statisticians and data modelers. There are, however, already some clear lessons to be learned by Procurement and Supply Chain leaders.

Supply chain management 130

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 130

Procurement Tactics

JANUARY 8, 2023

It can also help drive sustainability initiatives in your supply chain and procurement process. . The Closed Loop Spend Management. Perform sustainable sourcing initiatives to optimize costs and reduce social and environmental impacts. . Manage and monitor cost savings and sustainability impact for each initiative.

Sustainability 207

Sustainability Procurement Agile and Lean Supply Chain Supply Chain Optimization 207

Procurement Tactics

OCTOBER 13, 2022

Strategic sourcing is a part of the supply chain and puts an emphasis on customized solutions and strategic partnerships. Additionally, it assesses the suppliers of the company to find the best supplier in the market and collaborate effectively which will enable them to establish a long-term relationship. Risk management.

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

Arkestro

JANUARY 4, 2023

Among them were supply chain disruptions , inflation, and supply scarcity and shortages. Procurement has had massive challenges and targets over the past year: Managing inflation. Reducing supplier risk. Ensuring continuity of supply. The Supply Chain Will Continue to Heal. Reducing spend.

Supply Chain Optimization 104

Supply Chain Optimization Procurement team Agile and Lean Supply Chain Supply Chain Efficiency 104

Spend Matters

JANUARY 5, 2024

Gatekeeper combines contract lifecycle management with third-party risk management, two areas that are related but usually addressed with disparate software tools. Spend Analytics AnyData Solutions is used for spend analytics, contract management, supplier relationship management and ESG/performance tracking.

e2e 78

e2e Procurement supply chain software solutions Contract 78

SCMDOJO

APRIL 20, 2023

Within this department, the procurement manager plays a key role in overseeing the entire process, from identifying the need for goods or services to negotiating contracts with suppliers. Read More: Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities ] What does a Procurement Manager do?

Management 95

Management Procurement Contract management Supply Chain Optimization 95

Spend Matters

DECEMBER 21, 2023

AI can help create greater efficiency and value across all source-to-pay processes, including spend analysis, opportunity identification, sourcing and contract management, category management, supply relationship management and risk management.

Procurement solutions 84

Procurement solutions Procurement e2e Real-time Visibility 84

Supply Chain Game Changer

OCTOBER 28, 2021

Subscribe to Supply Chain Game Changer. Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. Yet only 26% were able to confidently predict risk within their supply bases. Subscribe Here!

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

Positive Purchasing

SEPTEMBER 5, 2023

Jonathan: We set the business up because we were convinced the World needed and was ready to embrace sustainability in both immediate suppliers and right down their extended supply chain – and a heap of conversations with prospective clients confirmed that this was indeed the case. How do we manage risk?

supply chain budgeting 69

supply chain budgeting Category management Negotiation Sustainability 69

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

The Future of Procurement Technology Supplier Relationship Management (SRM) Enhancement: Justification : Strengthening supplier relationships through SRM initiatives fosters collaboration, innovation, and mutual growth.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.

Category management 76

Category management Management Supplier relationship management supply chain software solutions 76

EazyStock

MARCH 14, 2023

With the right strategies in purchasing, logistics and supply chain, you can navigate through a recession and come out as a winner. However, most businesses need more advanced and customized systems , such as a warehouse management system (WMS) or inventory optimization software.

Strategy 52

Strategy Supply Chain Optimization Inventory supply chain software solutions 52

Arkestro

APRIL 25, 2023

In fact, 71% of all companies said the cost of raw materials is the biggest threat to their supply chain in 2023. On top of these challenges, construction companies are tasked with complex supplier management , where procurement professionals must closely monitor risk, supply quality, and supplier performance.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing supply chain budgeting Real-time Visibility 52

Spend Matters

JANUARY 23, 2024

Automation will aid in the selection of suppliers and deciding questions to ask, saving everyone valuable time.” We see this with the incorporation of a LLM into SAP Ariba Category Management and the increasing role of Joule across our portfolio.” A second, more directed impact is predictive analytics.

Category management 64

Category management Data Procurement supply chain software solutions 64

Spend Matters

DECEMBER 5, 2023

” Still, the newness and indisputable breakthrough that GenAI represents compelled Spend Matters analysts to both write a short piece on how contract lifecycle management (CLM) uses GenAI and to give the technology special attention in the Autogmentation series.

Contract 89

Contract Supply Chain Optimization Data Procurement 89

Skill Dynamics

OCTOBER 19, 2023

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. Such advantages can include strengthened supplier relationships, cost savings, and favorable contractual terms.

Negotiation 52

Negotiation Procurement Procurement strategies Buyers 52

Empowering CPO

FEBRUARY 14, 2024

EmpoweringCPO, a distinguished procurement service and consulting company, stands out as a guiding force for organizations looking to optimize their procurement processes. Category Management: Optimize your procurement strategy by effectively managing and categorizing your purchases based on industry best practices.

Procurement 40

Procurement Procurement strategies Supply Chain Efficiency Supply Chain Optimization 40

Procurement Software

APRIL 23, 2024

Their platform is particularly noted for its capabilities in spend data classification, risk and opportunity identification, and supplier data enrichment. Ignite Ignite , based in Norway, offers a comprehensive platform designed to enhance supplier management and procurement processes.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Supply Chain Efficiency supply chain budgeting 52

Spend Matters

JUNE 19, 2023

They mainly make requisitions and purchase orders to suppliers through searches in internal or external catalogs or via configurable electronic forms. E-procurement IT solutions improve process automation, increase spending under management, reduce maverick spend, improve cross-functional process/data integration (e.g.,

Procurement solutions 87

Procurement solutions Procurement supply chain budgeting Real-time Visibility 87

SCMDOJO

JULY 18, 2023

Contract management plays a crucial role in the procurement process, as it helps ensure compliance, mitigate risks, and optimize supplier relationships. By effectively managing contracts, organizations can maximize the value of their procurement activities and minimize potential issues.

Contract management 93

Contract management Contract Import Management 93

Empowering CPO

JULY 2, 2023

If you’re new to the term, Managed Procurement Services refers to the outsourcing of a company’s procurement functions to a specialized firm. This approach allows businesses to leverage the expertise of procurement specialists to streamline operations, optimize supplier relationships, and most importantly, reduce costs.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Empowering CPO

JUNE 14, 2023

It’s a strategic function that involves understanding market trends, analyzing suppliers, negotiating contracts, and managing relationships, among other tasks. Procurement is central to a business’s operations, with a purpose that encompasses cost-efficiency, quality control, risk management, and strategic sourcing.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Una

APRIL 18, 2023

By Mackenzie Oakley | April 18, 2023 Search This article is inspired by a recent episode of The Sourcing Hero podcast featuring Harold Hendrickx, a fractional CPO and the founder of TransExecutive, a company that deploys the Procurement Task Force model to help procurement teams enable, optimize, transform, and rapidly deliver value.

Procurement 98

Procurement Procurement team Leadership Supply Chain Optimization 98

Una

MARCH 14, 2023

Innovation can come from within the procurement team by developing better ways of working, or when a supplier comes up with innovative ideas ranging from game-changing new technology to incremental improvements that drive down costs. At Una, we help provide a predictable and reliable supply of the external resources needed for functionality.

Procurement 97

Procurement Purchasing Innovation Risk 97

Supply Chain Game Changer

MAY 26, 2020

Subscribe to Supply Chain Game Changer. With the promise of future business awards Procurement is largely responsible for finding and qualifying potential new suppliers. Once there is a pool of suppliers Procurement conducts and leads the quotation and supplier selection process culminating in the award of business.

Procurement 105

Procurement Purchase orders Ethics Supply Chain Optimization 105

Supply Chain Game Changer

AUGUST 6, 2019

Subscribe to Supply Chain Game Changer. Commodity Management. Category Management. It is the group that you have to go to in order to get RFQs sent out, to get POs placed or changed, or to deal with performance issues from those pesky suppliers. Subscribe Here! Email Address. Hey Procurement! Procurement.

Management 48

Management Procurement Category management Chief Procurement Officer 48

Supply Chain Game Changer

NOVEMBER 13, 2018

Strategic Sourcing is a proven approach to understanding and delivering significant cost reduction based on Total Cost of Ownership (TCO), building a sustained value – creating relationship with the suppliers and category spend reduction in order to create and sustain a competitive advantage. What is Strategic Sourcing?

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

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

Planergy

DECEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Best Practices & Tips Category Management Procurement. Marketing category spend may include things like: Market research and benchmarking. Benefits of Managing Marketing Procurement. Download Free Copy.

Procurement 52

Procurement Raw materials supply chain budgeting supply chain software solutions 52

Una

MARCH 6, 2024

Digital Marketing Outsourcing digital marketing activities like social media management, content creation, and search engine optimization (SEO) can help businesses build a strong online presence, reach a wider audience, and drive growth. Supplier Relationship Management Yes, even certain relationships can be outsourced!

Procurement 52

Procurement Agile and Lean Supply Chain Purchasing Supply Chain Efficiency 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

Supply Chain Opz

JANUARY 22, 2016

Suppliers can be better utilised if we are prepared to change how with think. Let’s be clear, without clients we have no business, just as without suppliers we have no goods and services to sell. We need to recognise that suppliers are as important as clients. But why should we bother, after all we’re paying the bill?

Procurement 58

Procurement Management Innovation Negotiation 58

SCMDOJO

NOVEMBER 2, 2023

Effective supply chain management is essential for success in the dynamism and connectivity of modern companies. To accomplish this, you require the skills of supply chain experts who can manage the complexity and difficulties of today’s global supply chains. With a Ph.D.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 59

Positive Purchasing

NOVEMBER 9, 2023

A Wider Horizon You will be familiar with the idea of optimizing what you buy. Now, with the need to move beyond price and security of supply to sustainable and ethical sourcing, procurement must become a more strategic and proactive function. Ultimately, you may need to help evolve the organization’s brands and overall proposition.

Sustainability 111

Sustainability supply chain budgeting Category management Influencing 111

Una

JULY 25, 2023

7 Supplier KPIs You Should Be Monitoring What are supplier KPIs? This article explores the importance of monitoring supplier KPIs and why having them in place is key for reducing costs and improving your bottom line. How often should you be reviewing supplier performance? Why do we even need them? What’s in it for us?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Procurement Category management 52