Empowering CPO

FEBRUARY 23, 2024

Automated Processes: AI automates routine tasks like purchase order creation, invoice processing, and spend analysis. Change Management: Employees need training to adapt to AI-driven processes. Supplier Intelligence: AI evaluates supplier profiles, financial stability, and compliance. Data governance ensures reliable insights.

Procurement 52

Procurement Ethics Agile and Lean Supply Chain Supply Chain Optimization 52

ivalua

MAY 11, 2021

Risk management, cost reduction and digital transformation — these are the three top priorities for procurement organisations in the Middle East today, according to a global survey conducted by Ivalua’s global partner PwC. How do these priorities impact the digital roadmap and future investments? Will digitization improve performance?

Risk management 130

Risk management Risk Supply Chain Efficiency Management 130

Procurement Heads

APRIL 27, 2023

Also key was demand planning, matching our purchasing plans with the ever-changing demand situation. Change management can often be underestimated and poorly applied in many organisations so these skills are highly valued and can easily be applied across many different roles.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Stakeholder engagement Supply chain 130

Procurement Tactics

APRIL 30, 2023

Many consumers have stopped purchasing from businesses that have been linked to issues regarding their negative impacts on the environment and violation of human rights. After all, you don’t change alone, but together! An example of the theory that supports change in management is Kotter’s theory.

Sustainability 158

Sustainability Procurement Procurement strategies Negotiation 158

Una

MARCH 14, 2023

Characteristics of a Procurement Intrapreneur Discover the characteristics of a procurement intrapreneur, and explore why intrapreneurship and group purchasing go so well together. Several key characteristics make the procurement intrapreneur a driving force for influencing positive change and innovation within an organization.

Procurement 97

Procurement Purchasing Innovation Risk 97

NLPA (Next Level Purchasing Association)

FEBRUARY 29, 2024

Here’s how: Optimize Spend & Drive Growth: Category management enables a deep dive into spending patterns across various categories. Additionally, category management fosters a focus on strategic sourcing , allowing teams to explore new sourcing opportunities that align with business growth objectives.

Category management 52

Category management Management Procurement Supplier relationship management 52

Una

DECEMBER 8, 2022

Identify your serial mavericks – those who consistently purchase without following procurement policy – and approach them for a chat. Shadow IT refers to the common situation where employees purchase software that hasn’t been authorized by the central team. Managing Indirect Spend to Maximize Business Savings. Get in Touch.

Procurement 96

Procurement Contract Purchasing Suppliers 96

Una

SEPTEMBER 5, 2023

Addressing the Possible Risks Associated with GPOs Answers to common questions about the risks associated with GPOs and how working with a group purchasing organization can empower procurement. Depending on the category, change management may be minimal and as easy as shifting your existing account over to the GPO contract.

Risk 52

Risk Purchasing Procurement strategies Contract 52

ivalua

NOVEMBER 25, 2020

– Editor/Co-Author CIPS Finance for Purchasers Level 6 Graduate diploma. – CIPS – SME book reviews: Global supply chain, Diversity Management & Strategic Programme Leadership. 2.7bn and total group purchasing population of circa 900, and Group Spend of c £8bn. – Studied @ Michigan Business School – MEP.

Leadership 130

Leadership Procurement strategies Procurement team Purchasing 130

Una

JANUARY 30, 2023

Be enablers, not blockers Sometimes, procurement just has to say “no” to a purchase request. For example, you could educate a stakeholder on why Total Cost of Ownership (TCO) matters, or explain the need to balance cost vs risk, or show them how their purchase could be an opportunity to engage with diverse suppliers.

Procurement 98

Procurement Cost of ownership Influencing Purchasing 98

Una

JANUARY 1, 2024

Identify your serial mavericks – those who consistently purchase without following procurement policy – and approach them for a chat. Shadow IT refers to the common situation where employees purchase software that hasn’t been authorized by the central team. Second, give Una a call.

Procurement 52

Procurement supply chain software solutions Contract Suppliers 52

Una

OCTOBER 9, 2023

At the end of this playbook, we’ll also explore how partnering with a group purchasing organization (GPO) can be seamlessly integrated into your strategic sourcing approach, enhancing your ability to drive value and deliver results. Let’s get started. Implementation & Execution Time to see your hard work pay off!

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Tactics

JUNE 19, 2023

Traditionally, to take on a role in procurement, you need a Bachelor’s degree or master’s degree in a field such as purchasing management or supply chain management. Hone your skills To make a success of your procurement business, you need to be confident in what you’re doing and talking about.

Procurement 201

Procurement Procurement strategies Collaboration supply chain software solutions 201

Una

AUGUST 21, 2023

Address potential risks linked to supplier relationships, new management goals, or spend mavericks. Change management Whether it’s a completely new strategy or an alteration to an existing one, making a plan in strategic sourcing usually involves change.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Ethics 52

Una

APRIL 11, 2023

The ERP “one source” database contains all the information needed to run the business, as well as various modules that correspond to different business functions, such as finance, manufacturing, human resources, customer relationship management, and procurement. This can have a huge negative impact on company morale.

supply chain software solutions 98

supply chain software solutions Real-time Visibility Supply Chain Efficiency Raw materials 98

Una

MARCH 16, 2023

Other reasons include risk reduction , creating a cost-conscious culture, and more effective change management when implementing new procurement processes, technologies, and strategic initiatives. Ignorance of what procurement can do and the value it can bring.

Influencing 105

Influencing Procurement Cost of ownership Supplier relationship management 105

Una

JUNE 15, 2023

there are several challenges involved with outsourcing: Transition and change management: Transitioning from an internal procurement team to an outsourced provider requires careful planning, knowledge transfer, and change management to ensure a smooth transition. Enter group purchasing organizations.

Procurement 52

Procurement Supplier relationship management Procurement team Contract 52

SCMDOJO

APRIL 20, 2023

If you’re eyeing a role as a Procurement Manager (or are looking to hire one), you’re in the right place! As a procurement Manager, you’ll play a crucial role in overseeing the purchasing and procurement process for a company or organization, making sure they get the best bang for their buck.

Management 100

Management Procurement Contract management Supply Chain Optimization 100

NLPA (Next Level Purchasing Association)

DECEMBER 14, 2022

The Next Level Purchasing Body of Knowledge underpins, integrates and enhances the essential components of Supply Chain Management in simple how-to-do steps. A few years ago, Amazon purchased Kiva Robots and has deployed several thousand robots to leverage speed and accuracy. Eliminating the Pain Out of Contract Management.

Agile and Lean Supply Chain 52

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

Una

APRIL 6, 2023

In addition, it can result in inefficiencies in the procurement process, such as duplicate purchases or paying higher prices for goods and services, which can negatively impact the value delivered by procurement initiatives.

Procurement 97

Procurement Supplier relationship management Supplier negotiation Contract 97

Procurement Insights

FEBRUARY 1, 2024

The new report covers ten leading vendors who meet Gartner’s revised criteria for providing modular but natively integrated S2P platforms spanning sourcing, contracting, purchasing, payments, and analytics. Effective change management is essential to ensure smooth adoption.

Sourcing 73

Sourcing e2e Spend management Leadership 73

ivalua

SEPTEMBER 2, 2019

Orsay (France), September 02, 2019 – Viparis has chosen e-Procurement software vendor Ivalua and Consulting firm CKS to optimize the management of supplier relations, source-to-contract (purchase orders, calls for tender and contracts), expense analysis and measurement of Procurement performance.

e2e 133

e2e Procurement Purchase orders Project management 133

Una

MAY 18, 2023

Change Management in Procurement Tips for Building an Effective Procurement Data Strategy 7 Supplier KPIs You Should be Measuring Supplier monitoring Regularly monitoring and evaluating suppliers can help identify any signs of fraudulent behavior.

Risk 98

Risk Procurement Bidding Suppliers 98

SCMDOJO

NOVEMBER 17, 2023

Click here to access the course: How to Start a Career in Supply Chain Management? Navigating the Path to a Supply Chain Career The first crucial step is to decide which aspect of supply chain management aligns with your interests. Leaders need to be change catalysts, attuned to the emotional landscape of their teams.

Agile and Lean Supply Chain 75

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 75

Positive Purchasing

APRIL 6, 2023

Kris Lance is a senior director with the group purchasing company Una. When it comes to buying data and digital solutions, the best approach to take is the same you’d use for basic change management. Don’t Confuse Movement with Progress We need to take a step back and look at what is really happening.

Data 105

Data supply chain software solutions Supply chain Procurement 105

Spend Matters

AUGUST 8, 2022

Medius also works with consulting partners to deliver broader change management programs. In today’s three-part PRO Vendor Analysis series on Medius’ purchase-to-pay (P2P) offering, Part 1 provides a company background and high-level solution overview, gives a company SWOT analysis and discusses Medius’ competitors.

Market analysis 72

Market analysis Spend management Buyers Change management 72

Zycus Cognitive Procurement

JANUARY 24, 2023

Key processes to automate include contract management, vendor management, invoicing, purchase orders, purchase requisitions. As rightly said by Jacob, Ex-Director of Digital Procurement at Maersk Group , it is much more about driving a mindset change and introducing a new way of working in the procurement function.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Procurement Insights

DECEMBER 8, 2023

Since one of the main barriers to ERP/e-procurement initiative adoption has been the significant reliance on a compliance or change management strategy, the premise (or theory) is that by leveraging the ubiquity of the Microsoft product, the degree of front-line “change” is minimized.

supply chain software solutions 73

supply chain software solutions Supply Chain Efficiency Collaboration Supply chain 73

IBM Supply Chain Blog

APRIL 21, 2023

As many as 4 out of 10 finance leaders surveyed are already piloting, implementing or optimizing AI in key areas, including financial planning and analysis, order to cash, general accounting and reporting, and purchase to pay. These economic headwinds necessitate that CFOs act with urgency in their transformation efforts.

Innovation 81

Innovation Sustainability Business strategy Change management 81

Procurement Insights

OCTOBER 26, 2023

As you read the title of today’s post, you may wonder what maverick spend, vendor rationalization and change management have to do with user adoption and AI Chatbots. The simple answer is the end of maverick spend , vendor rationalization , and change management.

Change management 62

Change management Management Contract Buyers 62

Una

OCTOBER 26, 2023

Harnessing the Influencer’s Art to Raise the Profile of Procurement Transferable Skills for Procurement Change management and leadership Implementing ESG initiatives often requires organizational change as you imbed ESG initiatives in organization-wide policies and processes. appeared first on Una.

Management 52

Management Procurement Supply Chain Efficiency Stakeholder engagement 52

Barkers Procurement

DECEMBER 1, 2022

What processes and procedures are in place to approve contracts, invoices, purchase orders? Do we face any current challenges when purchasing? . The production of a change management plan. A robust communication plan is often the cornerstone of a strong change management plan. Contract .

supply chain software solutions 52

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

Zycus Cognitive Procurement

FEBRUARY 2, 2021

There is renewed interest in purchasing under contract to eliminate rogue spending and deals off-contract. Research shows purchasing under contract returns 3-5% savings on average. Supplier enablement begins with negotiating purchase agreements with an enterprise’s top 20 suppliers and connecting them through punchout technology.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Contract management Contract 52

Claritum

FEBRUARY 24, 2020

Typical steps associated with a project purchasing process. The project could include volume purchases, small purchase volumes, standard items, specification of unique one-off items and tailoring of items based on individual projects. 2 Typical steps associated with a project purchasing process. when should I use it?

Procurement 41

Procurement Purchasing Suppliers Sourcing 41

Una

MAY 18, 2023

Change Management in Procurement Tips for Building an Effective Procurement Data Strategy 7 Supplier KPIs You Should be Measuring Supplier monitoring Regularly monitoring and evaluating suppliers can help identify any signs of fraudulent behavior.

Risk 52

Risk Procurement Bidding Suppliers 52

Supply Chain Game Changer

MARCH 13, 2020

Some departments or remote facilities may want to keep managing negotiations on their own. And Group Purchasing Organizations (GPOs) are specifically designed to deliver benefits from Spend Aggregation. Without a proper Change Management program this can often be the greatest obstacle of all. All Rights Reserved.

Procurement 60

Procurement Negotiation supply chain software solutions Procurement team 60

Procurement Software

MAY 30, 2023

Understanding the total number of vendors across any indirect purchasing category is a good place to start. Understanding which suppliers are critical vs. which ones are not will allow your indirect category management team to develop a supplier consolidation strategy. What is the average spend per purchase order?

Procurement 52

Procurement Procurement team Purchase orders Contract 52