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. . Sheldon Mydat.

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

Spend Matters

FEBRUARY 13, 2025

This focus and track record however, was in some ways at the expense of fully optimizing and maximizing procurements total strategic value to the enterprise as a whole. This meant that implementing one of the full end-to-end spend management suites was not feasible from a cost and change management perspective.

Influencing 103

Influencing Procurement supply chain budgeting e2e 103

Skill Dynamics

JANUARY 14, 2025

Strong negotiation can lead to cost savings, more advantageous counteract terms, and overall a much more optimized procurement chain. Category Management Category management refers to the focused management of individual aspects of your procurement process.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

Jaggaer

FEBRUARY 5, 2025

Complete Source to Pay cycle and Strategic Sourcing Guide An optimized Source-to-Pay (S2P) process helps businesses enhance procurement efficiency, reduce costs, and improve supplier collaboration. It includes sourcing and supplier management, contract management, and procure-to-pay (P2P) functions.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Real-time Visibility 52

Procurement Tactics

JANUARY 8, 2023

It can also help drive sustainability initiatives in your supply chain and procurement process. . The Closed Loop Spend Management. Articulate value drivers that address cost reduction, and demand management while also considering social and environmental impacts. What is closed loop spend management?

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Sustainability Procurement Agile and Lean Supply Chain Supply Chain Optimization 207

Jaggaer

FEBRUARY 20, 2025

Best-in-class organizations achieve excellent insight into their spending trends to act on inefficiencies and capture savings opportunities while ensuring compliance with internal, national, international regulations and minimizing the risks of supply chain disruptions. Strategic sourcing: The word strategic is added for good reason.

Sourcing 52

Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

Jaggaer

OCTOBER 24, 2024

The primary goals of SRM are to foster hand-in-glove supplier relationships, manage risk, and optimize the value chain. Supplier Collaboration for Agility Your world is characterized by dynamic market conditions, shifting customer demands, new technologies, rapidly changing regulations, and frequent supply chain disruptions.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Procurement Tactics

OCTOBER 13, 2022

Before we tackle what strategic sourcing managers are, we must first know strategic sourcing to fully grasp their role in the company. . Strategic sourcing is a part of the supply chain and puts an emphasis on customized solutions and strategic partnerships. Assess and calculate the costs of procurement. Time management.

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Strategic sourcing Strategic sourcing Sourcing Management 200

Procurement Insights

JUNE 3, 2025

Poll Time The following is a poll that was posted in the Global & Purchasing Supply Chain Professionals LinkedIn Group, which has over 164,000 members. Reality: No one invested time in proper training, and category managers are still relying on spreadsheets. What is the edge one driver has over another?

Real-time Visibility 59

Real-time Visibility supply chain budgeting supply chain software solutions Supply Chain Optimization 59

Empowering CPO

JUNE 30, 2023

Introduction In the dynamic world of business, the ability to effectively manage and optimize supply chains has emerged as a critical success factor. At the heart of this revolution lies a powerful tool that many companies are now leveraging to achieve competitive advantage: Managed Procurement Services.

Supply Chain Optimization 52

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

Jaggaer

FEBRUARY 5, 2025

The process creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. cost, products, legal terms, logistics etc.) Draw up selection criteria optimizing outcomes against risk.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Efficiency Sourcing 52

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. Poor Data Quality, Scattered Tech Landscapes, Lacking Leadership Approval/Budgets. Subscribe Here!

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supply chain budgeting Procurement Supply Chain Efficiency e2e 89

SCMDOJO

FEBRUARY 5, 2025

Targeted Learning: SCMDOJO offers a range of courses and learning paths focusing on specific procurement areas, such as e-auctions, contract negotiation, cost optimization, and supply chain resilience. Budgeting several thousand pounds is a realistic starting point.

Procurement 54

Procurement Real-time Visibility supply chain budgeting Supply Chain Optimization 54

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. Even with a c-suite sponsor, a mandate and a budget.

Sustainability 111

Sustainability Category management supply chain budgeting Influencing 111

Jaggaer

FEBRUARY 5, 2025

JAGGAER characterizes the steps in this process as Spend Management, Category Management, Sourcing , and Contracts. Secondly come eProcurement, Supply Chain Collaboration, Invoicing, and Payments. Digitalization also fosters greater agility in supplier management.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

Spend Matters

JANUARY 5, 2024

Its approach uses an all-in-one spend platform that combines expense management, corporate cards, travel and business accounts. Gatekeeper combines contract lifecycle management with third-party risk management, two areas that are related but usually addressed with disparate software tools.

e2e 104

e2e Procurement supply chain software solutions Contract 104

Jaggaer

MARCH 19, 2025

Procurement today has three overarching objectives: to maximize profitability, minimize risk, and optimize sustainability. We want to reduce costs. The second has become more pronounced in recent years, notably with the Covid pandemic and supply chain disruptions. The first of these has always been with us.

Contract management 52

Contract management supply chain budgeting Sustainability Influencing 52

Una

JULY 6, 2022

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. Una does this by offering assistance on everything from supply chain management, data and analysis, education, and more. Supply Chain Management.

Purchasing 92

Purchasing Category management Real-time Visibility Supply Chain Efficiency 92

Procurement Express

DECEMBER 31, 2024

Admin staff might be responsible for ordering office supplies. Types of Indirect Spend Categories Managing indirect spend can feel overwhelming, especially when it spans so many categories. Heres a breakdown of the most common areas to watch: Office supplies : Everyday items like stationery, furniture, and technology.

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Spend management Strategy Management Real-time Visibility 40

Spend Matters

JUNE 19, 2023

E-procurement IT solutions improve process automation, increase spending under management, reduce maverick spend, improve cross-functional process/data integration (e.g., budget compliance and inventory availability), enable effective spend, preferred supplier and category management.

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Procurement solutions Procurement supply chain budgeting Real-time Visibility 98

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 98

Contract management Contract Import Management 98

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.

supply chain budgeting 69

supply chain budgeting Category management Negotiation Sustainability 69

SCMDOJO

APRIL 3, 2022

Procurement eAuctions may be used in a multitude of sectors and domains, including industrial machinery, supply chains and logistical operations, telecommunications, commodities, and business technical support programs. Reduced manual process intervention is fundamentally impartial and increases the feedback’s reliability.

Supply Chain Efficiency 141

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 141

Spend Matters

NOVEMBER 2, 2023

Travel and Expense management leveraging SAP Concur is an easy plug in for travel spend management and all spend flowing through expense reporting. SAP’s advancements in guided buying capability were generally a continuation of previous efforts and SAP currently partners with Zip for intake management. using RAG ).

Networking 116

Networking Spend management Suppliers Supply Chain Optimization 116

Supply Chain Game Changer

NOVEMBER 13, 2018

The process of strategic sourcing starts with spends analysis and category management, which identifies, consolidates and standardises information from a wide range of data sources. Category management has been the only credible procurement strategy since the late 1990s, and that may be about to change. According to A.T.

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Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

Una

JULY 25, 2023

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. This article defines the difference between strategic sourcing and category management and shows how the two concepts work together to drive cost savings and value in procurement.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Procurement Category management 52

Arkestro

APRIL 25, 2023

The workforce shortage reached half a million this year , and many sectors continue to grapple with increased lead times, and volatile material costs. In fact, 71% of all companies said the cost of raw materials is the biggest threat to their supply chain in 2023. from February 2020 to August 2022.

Supply Chain Efficiency 52

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

NLPA (Next Level Purchasing Association)

JANUARY 6, 2025

What makes FIFO (First-In, First-Out) such a vital strategy for inventory management in Purchasing and Procurement? In the fast-paced and ever-changing world of supply chains, FIFO stands out as a simple yet transformative approach. FIFO enables leaner operations, reduces costs, and ensures accurate inventory valuation.

Procurement team 52

Procurement team Agile and Lean Supply Chain Procurement Supply Chain Efficiency 52

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

Improved communication, regular performance assessments, and joint value creation efforts lead to better supplier performance, reduced risks, and potential cost savings through optimized partnerships. This results in better negotiation outcomes, improved quality, reduced costs, and enhanced overall value delivery.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 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. The opportunity to refinance was a no-brainer; we could do it relatively quickly and it didn’t cost us anything out of pocket. looking for innovative ways to reduce costs for your business.

Purchasing 52

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

World of Procurement blog

MAY 10, 2024

Predicting future spend : By analyzing historical spend data, AI algorithms can create spending forecasts, predict seasonal demand changes, and model the impact of external factors on budgets. Natural language processing can analyze invoice line item descriptions and automatically determine the appropriate category.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

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.

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Management Supplier relationship management Procurement Strategic sourcing 40

Procurement Software

APRIL 23, 2024

-based company, offers a self-service spend analysis software that revolutionises the way businesses manage and analyse their spending. Its affordable pricing makes it a great choice for mid-market businesses who want to get started with spend analytics without a large budget.

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supply chain software solutions Real-time Visibility Supply Chain Efficiency supply chain budgeting 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. Download Free Copy. Written by. Rob Biedron. 15 min read.

Procurement 52

Procurement Raw materials supply chain budgeting supply chain software solutions 52

Empowering CPO

JUNE 14, 2023

Organizations are now expected to not only manage cost but also to ensure supply chain resilience, mitigate risks, and contribute to strategic objectives. AI can analyze vast amounts of data to identify trends, predict future demand, and suggest optimal buying decisions.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Planergy

JANUARY 18, 2024

Integration with Other Systems Does the procurement system integrate with the other tools you use across your supply chain? For example, does it connect to your ERP, e-commerce platform, and inventory management system? The category management process can be very beneficial in procurement.

Management 52

Management Procurement Supplier relationship management Real-time Visibility 52

Let's Talk Supply Chain

APRIL 18, 2024

The continuing conflict in Gaza with dire humanitarian implications is an ongoing supply chain disruptor and rising economic threat. Historically, wars around the globe have spiked oil prices , accelerating costs and challenges across the chain. With all this in mind, supply chain challenges aren’t going anywhere.

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supply chain budgeting Supply Chain Optimization Supply chain Supply 98