Procurement Tactics

MARCH 16, 2023

When strategic procurement is done correctly, it can help an organization to optimize its profit margin, reduce risks, and streamline the process of purchasing goods and services needed to achieve business goals. Supplier Management Supplier management involves the handling of relationships between suppliers and the company.

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Procurement Procurement strategies supply chain budgeting Contract management 238

Let's Talk Supply Chain

SEPTEMBER 7, 2022

And today in episode four, we’ll be turning our attention to Sifted’s Contract Management Suite. IN THIS EPISODE WE DISCUSS: [01.43] Some of the big challenges around contract management in the current climate. It’s about providing visibility… You need to be looking at your contracts.

Contract 97

Contract supply chain budgeting Contract management Supply Chain Optimization 97

World of Procurement blog

APRIL 23, 2024

Supply Chain Management (SCM) Software SCM software offers a comprehensive view of the supply chain, enabling companies to manage logistics, production, and distribution more effectively. This technology helps identify bottlenecks, optimize inventory levels, and improve supplier relationships.

Supply Chain Efficiency 52

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

World of Procurement blog

APRIL 23, 2024

Supply Chain Management (SCM) Software SCM software offers a comprehensive view of the supply chain, enabling companies to manage logistics, production, and distribution more effectively. This technology helps identify bottlenecks, optimize inventory levels, and improve supplier relationships.

Supply Chain Efficiency 52

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

ivalua

JUNE 16, 2021

The pandemic was a wake-up call for businesses worldwide, who struggled to overcome operational disruption — everything from the transition to remote working, to supply chain chaos. MENA countries import a lot of food; disrupted supply chains and price increases mean potential food shortages. Enter eProcurement.

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ivalua

MAY 17, 2023

Collaboration is key to a successful solution and we are able to achieve this with innovative partnerships. This year, our discussions covered Invoice Automation, Scope 3 Emissions, Contract Management, Supply Chain Collaboration, Indirect/Services Procurement, and Supplier Management–Customer of Choice.

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Supply chain resilience Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 130

Procurement Templates

MARCH 3, 2024

Risks may include budget constraints, supply chain disruptions, quality issues, legal compliance, etc. By conducting a thorough procurement assessment of needs, organizations can make informed decisions and optimize their procurement processes to achieve their goals efficiently while minimizing risks and maximizing value for money.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Procurement Tactics

JULY 2, 2023

Laying out the relevant details such as the quality standards, quantities, and specifications of the subject goods or services as well as the other dependencies will allow for an effective collaboration and avoid misinterpretation. To continue to optimize procurement processes, implement these lessons in future job orders.

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Arkestro

MARCH 27, 2024

After years of focusing on cost reduction, the majority of procurement leaders say they plan to spend more and increase workloads in 2024, meaning procurement buyers will have more power to influence change and optimize spend across the entire supply chain. Collaborate with stakeholders for alignment.

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Buyers Supply Chain Efficiency supply chain budgeting Procurement 52

Arkestro

JANUARY 23, 2024

Procurement managers play a key role in this rapid growth, helping organizations optimize costs, negotiate favorable terms with suppliers, and ensure financial efficiency. The best procurement managers are masters of risk mitigation and budget management, while also maintaining high quality standards and a competitive edge.

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supply chain budgeting Management Supply Chain Optimization Procurement 52

ivalua

FEBRUARY 27, 2023

How Inflation Impacts Procurement Inflation affects a number of aspects within the Manufacturing supply chain, including the ability to compete in the market, financial performance, and overall strategy. This ensures contracts remain favorable and all stakeholders comply with negotiated terms. Let’s explore further.

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Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

Spend Matters

SEPTEMBER 26, 2022

Categories: Analysis , Procurement Systems & Architecture , Spend Management , Supply Chain , Supply Chain Management , Trade Financing Tags: PRO This Spend Matters PRO Vendor Analysis gives an overview of Trax, a Transportation Spend Management (TSM) solution. Read more. ).

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Spend management supply chain budgeting Supply Chain Optimization Management 64

IBM Supply Chain Blog

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. Gather diverse insights, understand needs and manage expectations. Some may not agree with the proposed changes.

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Procurement strategies Strategy Procurement Supply Chain Efficiency 73

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. 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

SCMDOJO

APRIL 20, 2023

Read More: Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities ] What does a Procurement Manager do? Our procurement manager job description template is designed to provide you with a comprehensive guide to the key responsibilities and requirements of this pivotal role.

Management 95

Management Procurement Contract management Supply Chain Optimization 95

Spend Matters

JULY 21, 2022

It currently offers a SxM solution that is rapidly growing to cover other processes (sourcing, contract management, order collaboration, cost optimization). Therefore, they launched Procurence to fill that gap and to serve to foster communication and collaboration between an organization, its suppliers and its customers.

Market analysis 71

Market analysis Procurement Quality management Supply Chain Optimization 71

Spend Matters

JANUARY 5, 2024

Spend Analytics AnyData Solutions is used for spend analytics, contract management, supplier relationship management and ESG/performance tracking. It makes the invisible visible through discovery and continuously monitors key issues to supply chain risk. Read part 1 here , part 2 here and part 3 here.

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e2e Procurement supply chain software solutions Contract 78

Let's Talk Supply Chain

NOVEMBER 16, 2022

It’s episode three of our Driving Your Parcel Performance mini-series, in collaboration with Sifted ! Last week, we put the spotlight on the complex area of contract performance. 07.26] Contract health: what it means, and a closer look at what a healthy contract is vs an unhealthy one.

Contract 52

Contract Supply Chain Optimization Collaboration Contract management 52

Una

APRIL 18, 2023

This will only make matters worse, as a supplier bankruptcy will disrupt your supply chain. Diversifying the supply chain can help mitigate the risk of disruptions and ensure that the organization can continue to function even if your key supplier is unable to fulfill their obligations due to financial stress.

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Let's Talk Supply Chain

NOVEMBER 2, 2022

You asked, and we are delivering – with another brand new mini-series, featuring the logistics expert, tech innovator and firm Let’s Talk Supply Chain favorite… Sifted ! If you have a carrier contract with agreed pricing, customized to your business, then monitoring is going to be valuable.”. 26.07] Jeremy’s final words.

Contract 52

Contract Supply Chain Efficiency Supply Chain Optimization Contract management 52

NLPA (Next Level Purchasing Association)

JULY 20, 2023

To new members of a Procurement & Purchasing team, it’s important to understand the role of managing spend and its impact on organizational success. At its core, managing spend refers to the process of strategically controlling and optimizing the financial resources allocated for procurement and purchasing activities.

Management 40

Management supply chain budgeting supply chain software solutions Spend management 40

Empowering CPO

JULY 17, 2023

Understanding Managed Procurement Services Acknowledging procurement’s strategic significance, an increasing number of businesses are embracing Managed Procurement Services (MPS). Strategic Sourcing : Identifying optimal suppliers, negotiating contracts, and nurturing long-term relationships.

Procurement 52

Procurement Supply Chain Optimization Supply Chain Efficiency Strategic sourcing 52

ivalua

APRIL 5, 2023

The beautiful Pavilion Gabriel provided an exquisite backdrop to bring together customers, prospects and sponsors in person- what better way to collaborate? Our speakers covered: Scope 3 emissions, Invoicing, Supply Chain Resilience, Contract Management, Supplier Management, and the Procure-to-Pay Roadmap.

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Innovation Collaboration Supply chain resilience Networking 130

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

With the increasing complexity of supply chains and the growing importance of sustainability and social responsibility, the role of procurement professionals has become more critical than ever. Improve spend management by implementing a buying plan Effective spend management is crucial for any organization’s financial health.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

Empowering CPO

JUNE 26, 2023

Explanation of Spend Analysis and its Importance in Healthcare In the ever-evolving landscape of the healthcare industry, optimizing costs and maximizing efficiency has become paramount. Coordinating and optimizing this intricate network can be challenging, leading to inefficiencies and higher costs. Introduction A.

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supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Supplier consolidation 52

Empowering CPO

MAY 5, 2023

It is responsible for managing the entire process of acquiring goods and services, from identifying suppliers to ensuring timely deliveries. In essence, procurement serves as the backbone of an organization’s supply chain, contributing to cost savings, risk management, and supplier relationship management.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Procurement Real-time Visibility 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.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Una

OCTOBER 9, 2023

How to Implement a Strategic Sourcing Process A play-by-play manual showing how to implement a strategic sourcing process that aligns with your organization’s goals, optimizes spend, and creates long-term value. By proactively addressing risks, organizations can safeguard their supply chains and drive efficiencies.

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Una

JULY 18, 2023

Familiarity with procurement software platforms , e-procurement systems, and vendor management systems is a must. These tools streamline processes, enhance efficiency, and ensure better collaboration with suppliers and stakeholders. Develop an understanding of risk assessment methodologies and tools.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Sustainability 52

Let's Talk Supply Chain

NOVEMBER 10, 2022

This time, we’ll be putting the spotlight on their Carrier Management Suite and taking a closer look at how it can help you to take a proactive approach to contract management, from ensuring compliance and negotiating rates, to controlling spend and improving relationships. 29.28] Predictions for 2023.

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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. The bigger the project, the greater the need for collaboration, communication, and streamlined supplier management. Moving forward, all procurement cycles are optimized for faster, more frequent sourcing.

Supply Chain Efficiency 52

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

Procurement Insights

NOVEMBER 23, 2023

Yes, trust between stakeholders is critically important, and yes, technology can fuel communication and collaboration between buyer and supplier to achieve a collective positive outcome. Companies invest in new technologies to solve a problem – optimize operations, reduce time or minimize costs.

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Suppliers Buyers Risk management Supply Chain Optimization 62

Empowering CPO

JULY 2, 2023

Risk Management: Identifying and mitigating potential risks in the supply chain, ensuring business continuity and resilience. The benefits of employing managed procurement services are manifold. Businesses should embrace this trend to break down silos and ensure a unified approach towards achieving organizational goals.

Management 52

Management Procurement Strategic sourcing Strategic sourcing 52

World of Procurement blog

JULY 28, 2021

In this article, Sharon Croome breakdown a simple step-by-step guide to Supplier Relationship Management in the Supply Chain. It is having some challenging impacts on our procurement and supply chain professionals too. The disruptions to the entire global supply chain are far too complex to cover in this article.

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Supplier relationship management Suppliers Management Supply Chain Optimization 52

Let's Talk Supply Chain

NOVEMBER 24, 2022

It’s the fourth and final episode of our Driving Your Parcel Performance mini-series, in collaboration with Sifted ! We talked all about measuring your contract health; contract compliance; strengthening carrier relationships; and the growing trend in ensuring customer success. Check out our other podcasts HERE.

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supply chain software solutions Negotiation Contract Contract management 59

Empowering CPO

JUNE 14, 2023

Innovative procurement models offer new ways to approach these challenges, leveraging technology, strategic collaborations, and a focus on sustainability to deliver enhanced outcomes. Organizations are now expected to not only manage cost but also to ensure supply chain resilience, mitigate risks, and contribute to strategic objectives.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 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. But, this doesn’t mean that it’s the optimal way of working. Subscribe Here! Email Address.

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