World of Procurement blog

APRIL 23, 2024

In the complex structure of modern businesses, the role of a procurement manager is pivotal for efficient operations and cost management. Here, we dive into what a procurement manager is, what their job entails, the typical day in their life, the career path, and, of course, the remuneration that comes with this crucial role.

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Arkestro

APRIL 2, 2024

Summary This report provides a comprehensive overview of the challenges and opportunities procurement teams are expected to face in 2024. Despite the aversion of a recession and a slowdown in inflation, Chief Procurement Officers (CPOs) still encounter a high level of economic and market uncertainty.

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Chief Procurement Officer Procurement Procurement team Buyers 52

Procurement Tactics

AUGUST 25, 2022

In 2014, he took a new role to transform public procurement at the Health Promotion Board (HPB) which is a statutory board under the Ministry of Health, Singapore. . 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.

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

Spend Matters

AUGUST 8, 2023

Continuing our series of analyst observations on procurement tech market movements, this week we are considering the shift in CPO priorities towards supply-related risks. So, in 2022 our analysts pooled their knowledge of solution vendors that address third-party supply chain risk.

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Risk management Risk Management supply chain budgeting 90

Procurement Tactics

APRIL 23, 2023

The code lays down the framework for engagement with suppliers and other stakeholders to accomplish the company’s goals for a sustainable supply chain and procurement. Thus, when a new code is distributed throughout the supply chain, it must be in accordance with your policy. What is a procurement policy?

Sustainability 177

Sustainability Suppliers Chief Procurement Officer Supply Chain Efficiency 177

Supply Chain Game Changer

FEBRUARY 5, 2020

Subscribe to Supply Chain Game Changer. As we see from Deloitte’s CPO Survey in 2018, AI is only fully deployed in 2% of procurement organizations and is far from making any real impact at scale within the digital ecosystems procurement teams are so eagerly trying to build. AI + Data = Supply Chain Risk Management.

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Risk management supply chain software solutions Supply Chain Efficiency Data 73

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation. Automation increases efficiency and reduces errors, leading to faster and more accurate procurement cycles.

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Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Zycus Cognitive Procurement

JANUARY 12, 2021

What is Source to contract? Source to contract (S2C) refers to the set of procurement processes that come into play while sourcing a product or service. How is Source to contract affected during a crisis? How is Source to contract affected during a crisis? 2] Collaborative Sourcing.

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Contract Sourcing Chief Procurement Officer Contract management 52

ivalua

APRIL 7, 2022

Aurélie LUCAS tasked JB to provide sustainable, locally sourced #loveprocurement t-shirt, delivered on stage via an environmentally friendly bike delivery! Next on stage, we welcomed Booking.com with a thought-provoking, transparent, powerful, and honest account of how to run a successful and ongoing Source-to-Pay transformation. .

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Agile and Lean Supply Chain Chief Procurement Officer Supply Chain Efficiency Sustainability 130

SCMDOJO

FEBRUARY 13, 2023

To get the most out of any procurement team, all the associated key roles need to be filled with qualified individuals that understand both technology and the principles of supply chain management. They also manage the organization’s supply base to ensure coordination and efficiency.

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Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

SupplyShift

APRIL 13, 2021

SupplyShift takes a look at three ways that supply chain professionals can drive sustainability through procurement practices. This, in light of recent global issues and advancements, is the perfect time for professionals to normalize sustainable procurement practices.

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Supply Chain Efficiency Sustainability Supply chain Procurement 52

SupplyShift

APRIL 13, 2021

SupplyShift takes a look at three ways that supply chain professionals can drive sustainability through procurement practices. This, in light of recent global issues and advancements, is the perfect time for professionals to normalize sustainable procurement practices. Procurement & Supplier Collaboration.

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Supply Chain Efficiency Sustainability Supply chain Procurement 52

Planergy

JULY 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. ESG In Supply Chain: Creating a Sustainable Value Chain. Ethical Sustainability & Responsibility Procurement. Of all these emissions, 2/3 of them usually come from the upstream supply chain.

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Sustainability Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 52

The Procuretech Podcast

JUNE 28, 2022

I’m talking to Dr. Wolfgang Schnellbächer from BCG, the author of a new book fresh off the presses - Profit from the Source: Transforming Your Business by Putting Suppliers at the Core. . Supplier-centric transformation and the future of procurement. Sales or sourcing? Why businesses need to shift their focus.

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

Zycus Cognitive Procurement

DECEMBER 16, 2022

Syed Shahrul Zaman , Head of Group Strategic Procurement. The forum served as a platform for Chief Procurement Officers (CPOs) and other procurement and sourcing leaders to share their vision about leveraging data-driven insights to create flexible and resilient supply chains. Procurement 4.0

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supply chain budgeting Chief Procurement Officer Procurement Supply Chain Efficiency 40

Empowering CPO

JULY 5, 2023

Our goal is to empower Chief Procurement Officers (CPOs) and their teams by providing a suite of comprehensive managed procurement services. We believe in the power of strategic sourcing and procurement to drive significant value across organizations.

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Supply Chain Efficiency Management Procurement Real-time Visibility 52

Procurement Software

NOVEMBER 21, 2022

Procurement is the function in companies that, on a general level, takes care of sourcing, managing vendors and tracking spend. In the latest years, the need for digital procurement tools has arisen as businesses have entered a more rapid digital transformation process. Textiles, retail and automotive immediately spring to mind.

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supply chain budgeting Chief Procurement Officer supply chain software solutions Supply Chain Optimization 52

Arkestro

DECEMBER 12, 2022

The pandemic and resulting supply chain disruptions have added extreme pressure on the health and pharma sector to address shortages quickly and efficiently. Constrained supply chains and the associated shortages have resulted in mounting pressures for organizations to diversify their supplier bases.

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Supply Chain Game Changer

AUGUST 5, 2021

Subscribe to Supply Chain Game Changer. In 2021, procurement organizations will require inspirational, innovative, and pragmatic leaders to ensure procurement excellence. Top-performing procurement teams often have strong category expertise and have well-segmented supplier bases in order to power procurement agility.

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Suppliers Management Supply Chain Efficiency Agile and Lean Supply Chain 98

SupplyShift

JUNE 2, 2021

These consumers can spot greenwashing from a mile away and are demanding complete transparency and data from brands to back up their ESG claims. . What’s more, 80% want to know the origin of their products, and 69% of these consumers would pay a premium for brands that readily provide this kind of transparency. . The Future of ESG .

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Supply Chain Efficiency Supply chain Sustainability Supply 52

Supply Chain Game Changer

OCTOBER 28, 2021

Subscribe to Supply Chain Game Changer. Featuring Our 12 Best Procurement Articles! 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. Subscribe Here! Email Address. Dirty Little Secret #1.

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ivalua

APRIL 2, 2019

The company has corporate offices in Houston, Texas, with offices in Brazil, Luxembourg and Nigeria. Pacific Drilling requires a fast, efficient and automated sourcing process to support the company’s Purchasing processes. We look forward to contributing to their Procurement cost optimization initiative”.

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Sourcing Supply Chain Efficiency Chief Procurement Officer Supply Chain Optimization 28

Arkestro

MAY 9, 2023

Resources / Blog / What CPOs Need to Know About Predictive Procurement Orchestration What CPOs Need to Know About Predictive Procurement Orchestration The vast majority of Chief Procurement Officers (CPOs) believe in the power of procurement data to make better-informed decisions across their organization.

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supply chain budgeting Procurement Supply Chain Optimization Procurement team 52

SupplyShift

JUNE 2, 2021

These consumers can spot greenwashing from a mile away and are demanding complete transparency and data from brands to back up their ESG claims. What’s more, 80% want to know the origin of their products, and 69% of these consumers would pay a premium for brands that readily provide this kind of transparency.

Supply Chain Efficiency 40

Supply Chain Efficiency Supply chain Sustainability Supply 40

ivalua

MARCH 16, 2020

Optimization of the entire source-to-pay process for nearly all Körber locations worldwide. The close cooperation between supply chain management and internal stakeholders as well as external partners made a major contribution to this. The goal was to increase efficiency across the Group’s Business Areas.

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Agile and Lean Supply Chain Procurement Supply Chain Efficiency Chief Procurement Officer 49

Supply Chain Game Changer

MARCH 28, 2020

Subscribe to Supply Chain Game Changer. Could the CPO Be Replaced by the Chief Value Officer? 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. Subscribe Here!

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Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 71

ivalua

OCTOBER 27, 2020

Food service leader digitizes procurement to drive efficiency, transparency and effective supplier management as it accelerates global expansion. Consus was selected as implementation partner for its deep source-to-pay expertise.

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Supply Chain Efficiency Chief Procurement Officer Procurement Collaboration 26

Supply Chain Game Changer

NOVEMBER 13, 2018

A Paradigm Shift in the Procurement Function. As companies seek to discover ways to increase overall excellence and competitiveness, a new source of value has emerged – Strategic Sourcing. What is Strategic Sourcing? Strategic Sourcing does exactly the same by addressing the total cost.

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Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

Supply Chain Game Changer

APRIL 23, 2019

Subscribe to Supply Chain Game Changer. Could the CPO Be Replaced by the Chief Value Officer? The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. The Procurement Value Chain Continuum. Subscribe Here! Email Address.

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Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 50

Supply Chain Game Changer

NOVEMBER 16, 2022

Subscribe to Supply Chain Game Changer. Why Procurement Transformation Can Fail! The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. The importance of digital procurement is increasing rapidly. Subscribe Here! Email Address.

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Supply Chain Efficiency Procurement Real-time Visibility Supply Chain Optimization 19

Empowering CPO

JUNE 20, 2023

But don’t be fooled by their size – when accumulated, these costs can form a substantial part of a company’s expenditure, and a large number of suppliers can add complexity and risk to the supply chain. While tail spend is often neglected, it holds a gold mine of untapped savings opportunities.

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Real-time Visibility supply chain budgeting Spend management Risk 40

SPLC (Sustainable Purchasing Leadership Council)

MARCH 27, 2018

Each of the rating tools included in the guide were screened against forty criteria that SPLC’s members determined were important for the credible use of supplier sustainability ratings within procurement and supply chain contexts. Responsible Sourcing Network. Transparency International. Practice GreenHealth.

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Sustainability Suppliers Supply Chain Efficiency Chief Procurement Officer 40

Claritum

JULY 5, 2018

Whether you are focused on controlled growth or cost efficiencies, the ability to measure what is occurring in real time is essential to making decisions. The supply chain may contain components of raw materials, manufacturers, wholesalers, distributors, resellers, agents, logistics, retailers and many other entities.

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Empowering CPO

JUNE 27, 2023

By examining spending patterns across various categories, such as suppliers, departments, and geographies, businesses can uncover hidden opportunities for cost savings, mitigate risks, and enhance their overall procurement efficiency.

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Real-time Visibility Supply Chain Optimization Data Suppliers 40

ivalua

JANUARY 24, 2022

How do Chief Procurement Officers and their teams leverage digital transformation to take control of their data and better deliver against their strategic objectives? . Dramatic supply and demand shifts during the pandemic prioritized the need for data accuracy to solve short and long term supply chain challenges.

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Data Real-time Visibility Procurement Supply Chain Efficiency 130

SupplyShift

JUNE 19, 2019

The next-level security, transparency, and efficiency of blockchain technology will redefine many industries and business processes, especially those dealing with transactional data. It’s no surprise, then, that blockchain has created a buzz in the supply chain management industry.

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Sourcing Supply Chain Efficiency Supply Chain Optimization Supply chain 40

SupplyShift

JUNE 19, 2019

The next-level security, transparency, and efficiency of blockchain technology will redefine many industries and business processes, especially those dealing with transactional data. It’s no surprise, then, that blockchain has created a buzz in the supply chain management industry. How Blockchain Works.

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