Art of Procurement

DECEMBER 3, 2023

“Purchasing has always been finally responsible for quality, cost, and delivery, but with some of the global challenges we’ve had. The post The Opportunity for Procurement to Collaborate with End Customers appeared first on Art of Procurement.

Collaboration 52

Collaboration Procurement Quality Purchasing 52

Positive Purchasing

NOVEMBER 27, 2023

The Public Procurement and Purchasing Innovations Conference is the must-attend event for those steering, developing, and optimizing public services. Achieving cost savings through collaborative approaches to delivering public services. Leveraging new capabilities and opportunities through digital transformation.

Innovation 64

Innovation Purchasing Procurement Negotiation 64

Strategic Sourceror

OCTOBER 27, 2022

It can also help strengthen collaboration, which a number of successful supply chain leaders point to as something that helped their supply chains stay supple when the coronavirus struck. They all agreed that collaboration served as a binding agent. Here's how: 1. Brought to you by the StrategicSourceror.

Collaboration 105

Collaboration Supply Chain Efficiency supply chain software solutions Supply chain 105

ivalua

JULY 11, 2022

The release includes a broad set of innovations to empower Procurement and Supply Chain leaders to improve collaboration among internal stakeholders and suppliers, proactively mitigate supplier risk and performance issues, gain efficiency and visibility in contracting and improve guidance and effectiveness across procure-to-pay. . ivalua.com.

Supply chain resilience 130

Supply chain resilience Collaboration Supply Chain Efficiency supply chain budgeting 130

ivalua

MARCH 5, 2020

Last week, round 40 Procurement leaders got together in the very pleasant surroundings of the Royal Lancaster Hotel in London to talk about collaboration, and to celebrate Ivalua’s increased presence in the UK. My own contribution was to lead a discussion around collaboration.

Collaboration 130

Collaboration Agile and Lean Supply Chain Procurement supply chain budgeting 130

Empowering CPO

MAY 31, 2023

That’s where collaboration comes into play. Successful collaboration within SRM can elevate a business relationship from mere transactional exchange to a powerful strategic alliance. In today’s interconnected business environment, collaboration isn’t just a buzzword—it’s a strategic imperative.

Supplier relationship management 52

Supplier relationship management Collaboration Suppliers Supply Chain Efficiency 52

Una

MAY 23, 2023

Group Purchasing and Indirect Spend: A Fairy-tale Romance A unique take on the relationship between group purchasing and indirect spend and how the two work together to drive cost savings and value. Once upon a time, in the bustling World of Procurement, there existed a charming knight known as Group Purchasing.

Purchasing 52

Purchasing Supply Chain Efficiency Supply Chain Optimization Procurement 52

Fraxion

JUNE 1, 2023

As a purchasing manager, you play a crucial role in driving procurement process efficiency, cost savings, compliance, and maintaining strong vendor relationships. Your responsibilities encompass a wide range of tasks that contribute to the overall success of the procurement process and, in turn, the success of the company.

Purchasing 40

Purchasing Vendor relationships Management Procurement 40

SupplyShift

MARCH 15, 2022

all efforts turn to collaboration to slow the looming threat climate change poses on the future of our planet, among other crucial sustainability goals. So, with that, we look at the impact supplier collaboration could have on sustainability. Monitoring vs. Collaboration. Supplier Collaboration.

Collaboration 52

Collaboration Sustainability Suppliers Supply Chain Efficiency 52

Fraxion

DECEMBER 7, 2022

We’re pleased to announce the latest Fraxion collaboration with Amazon Business: integration with Amazon Business Punch-in. In addition to our current Punchout procurement feature, we now offer the latest Amazon Business Punch-in integration. What is Fraxion?

Purchasing 52

Purchasing Collaboration Innovation Procurement 52

ivalua

SEPTEMBER 26, 2016

Collaboration is beneficial, but typically hard to do in big enterprises. There is a lot of talk these days about the benefits of collaboration for manufacturers. However, making collaboration actually happen is difficult, especially in large enterprises. So much for collaboration. Let’s face it. Great stuff.

Collaboration 113

Collaboration Agile and Lean Supply Chain supply chain budgeting Leadership 113

SupplyShift

MARCH 15, 2022

With governments worldwide coming together to combine forces and keep the rate of global warming below 1.5℃, all efforts turn to collaboration to slow the looming threat climate change poses on the future of our planet, among other crucial sustainability goals. Today’s sustainability goals are significant; there’s no denying it.

Collaboration 40

Collaboration Sustainability Suppliers Supply Chain Efficiency 40

ivalua

JANUARY 31, 2023

This puts the Procurement function in a central role towards establishing a transparent emissions baseline using reliable data and collaborating with suppliers on carbon savings plans to meet reduction targets and for reporting and risk assessment. They can use these models to focus on high-emitting categories and products.

Supply Chain Efficiency 246

Supply Chain Efficiency supply chain software solutions Innovation Supply chain 246

ivalua

NOVEMBER 2, 2016

Collaboration is beneficial, but typically hard to do in big enterprises. There is a lot of talk these days about the benefits of collaboration for manufacturers. However, making collaboration actually happen is difficult, especially in large enterprises. So much for collaboration. Let’s face it. Great stuff.

Collaboration 100

Collaboration Agile and Lean Supply Chain supply chain budgeting Leadership 100

Procurement Tactics

MARCH 23, 2023

Digital platforms can help the source-to-contract process to be more manageable as it allows for automated bidding, digital purchase orders, online payments, and supplier collaboration. In this stage, you will need to issue an RFQ or RFP if you are sure to make a purchase and you know the specifics of what you want to buy.

Contract 156

Contract Sourcing Purchase orders Bidding 156

Procurement Leaders

MARCH 26, 2024

Moreover, Toyota, in particular, had set up ingenious systems for collaborative product development by delegating tasks to its closely connected suppliers – its supplier keiretsu. Meaningful connections with suppliers allow for collaborative product development without the need to share or transfer intellectual property.

Suppliers 130

Suppliers Product development Supply Chain Efficiency supply chain budgeting 130

Supply Chain Game Changer

NOVEMBER 28, 2018

Check out Supplier Collaboration is a Win-Win Strategy! Previous CIO of General Motors (GM), Tony Scott, was once quoted saying, “GM is a highly collaborative organization; we rely on a whole tier of suppliers for everything that we do.”. What is Collaborative Innovation? . But, first let’s put a meaning to the name!

Innovation 59

Innovation Collaboration Suppliers Procurement team 59

Supply Chain Game Changer

NOVEMBER 26, 2018

Check out Supply Chain Collaboration – The New Way to Drive Value! Supplier Collaboration. This collaboration involved finding ways to constructively lower costs (or improve service or whatever the objective was). This new collaborative approach got them thinking as well. Subscribe Here! Email Address.

Collaboration 67

Collaboration Suppliers Strategy Negotiation 67

Supply Chain Game Changer

NOVEMBER 10, 2018

Supply chain collaboration is a hot topic today and no wonder: companies that collaborate effectively across the supply chain have enjoyed dramatic reductions in inventories and costs, together with improvements in speed, service levels, and customer satisfaction. Supplier chain collaboration itself isn’t new.

Collaboration 66

Collaboration Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 66

NLPA (Next Level Purchasing Association)

FEBRUARY 29, 2024

Category management empowers procurement teams to optimize spend, strengthen supplier relationships, and foster collaboration across departments , ultimately positioning procurement as a key driver of business success. Category management flips this script, emphasizing collaboration and building strong partnerships with key suppliers.

Category management 52

Category management Management Procurement Supplier relationship management 52

World of Procurement blog

APRIL 23, 2024

A procurement manager, also known as a purchasing manager, plays a vital role in a company's supply chain management. Building and maintaining strong relationships with vendors for long-term collaboration. Quality Control: Ensuring the products purchased meet specific standards and compliance requirements.

supply chain budgeting 52

supply chain budgeting Management Procurement Chief Procurement Officer 52

World of Procurement blog

APRIL 23, 2024

A procurement manager, also known as a purchasing manager, plays a vital role in a company's supply chain management. Building and maintaining strong relationships with vendors for long-term collaboration. Quality Control: Ensuring the products purchased meet specific standards and compliance requirements.

supply chain budgeting 52

supply chain budgeting Management Procurement Chief Procurement Officer 52

Procurement Tactics

JULY 20, 2023

This includes tasks such as creating purchase orders, managing inventory levels, tracking shipments, and reconciling invoices. Supplier order management software, also known as “ purchase order management software” is a digital solution designed to simplify and optimize the supplier order management process.

supply chain software solutions 134

supply chain software solutions Suppliers Management Real-time Visibility 134

Procurement Tactics

AUGUST 25, 2022

Additionally, from 2019 to 2021, he has led his team to win 4 Asia Awards which are the Most Improved Procurement Operation, Transformation, Best Public Procurement Project, and Best Supplier Collaboration. . Omid Ghamami is one of the most globally recognized thought leaders in the field of purchasing and sales negotiations.

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

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. Digitize collaboration Collaboration is a key factor for success in the procurement industry. One study found 40% of repetitive tasks could be automated.

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Procurement Collaboration Procurement strategies supply chain software solutions 201

Procurement Tactics

MAY 22, 2023

It also requires close collaboration and coordination among all the stakeholders in the supply chain, including suppliers, manufacturers, distributors, and retailers. Streamlining of processes can also be achieved through integration and collaboration between departments, making it easier to resolve complex issues.

Logistics 207

Logistics supply chain software solutions supply chain budgeting Supply Chain Optimization 207

Positive Purchasing

MARCH 20, 2024

At Positive Purchasing, we’re actively building our tech partner network to leverage the best complementary software to assist users of our products to solve other common procurement challenges. This collaboration aligns with our strategy to champion best-in-class technology that complements our supplier discovery platform.

Category management 52

Category management Management Supplier relationship management Procurement team 52

SPLC (Sustainable Purchasing Leadership Council)

MAY 29, 2019

Sustainable Purchasing Leaders Recognized in Portland. Leading organizations acknowledged for effective and impactful sustainable purchasing. The awards and awardees include: Leadership Award for Overall Sustainable Purchasing Program: . Leadership Award for a Special Sustainable Purchasing Initiative: . Air Liquide.

Leadership 40

Leadership Purchasing Sustainability Supply Chain Efficiency 40

SCMDOJO

MARCH 8, 2024

By negotiating lower MOQs with suppliers, businesses can reduce the amount of inventory they need to purchase at once. Vendor Managed Inventory (VMI): VMI is a collaborative approach where suppliers manage inventory levels for their customers. Based in Germany, feel free to reach out via email or LinkedIn for further discussions.

Supply Chain Optimization 79

Supply Chain Optimization Supply Chain Efficiency Inventory Strategy 79

Una

FEBRUARY 20, 2023

Create an approved purchasing system or require all purchases be made from a catalog to curb rogue spending. Consolidate suppliers Is there a need to purchase office stationery from fifteen different suppliers ? On average, businesses that utilize group purchasing see additional cost savings of 18-22%.

Procurement strategies 98

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 98

ivalua

APRIL 11, 2022

Implementation of the project was led by Optis’ expert consulting team with support from Ivalua professional services, allowing TELUS to streamline their procurement processes through a simplified system that manages spend, ensures compliance, provides a rich catalog of products and services, and creates a full digital record of purchases. “We

Procurement solutions 130

Procurement solutions Chief Procurement Officer Procurement Buying process 130

World of Procurement blog

APRIL 24, 2024

It involves selecting a supplier and purchasing products that meet specific criteria such as price, quality, and delivery times. It harmonizes various elements – from understanding internal needs, evaluating market conditions, supplier relationship management, to the integration of purchases within the company’s systems.

Procurement 52

Procurement Supplier relationship management Strategic sourcing Strategic sourcing 52

Future Purchasing

OCTOBER 4, 2022

Developing a pipeline of category projects should be a collaborative and creative process. It encourages more collaborative working with business stakeholders rather than Procurement continuing to “sell” their pre-selected projects to the business. Further reading. Blog post: Procurement and strategic alignment.

Category management 52

Category management Collaboration Real-time Visibility Management 52

Procurement Heads

JUNE 23, 2022

My core goals are in the transformation of an organisation’s finance and purchasing processes. My stakeholder management style is very collaborative. This ranges from category management, business process reengineering to cost management, and the implementation of end-to-end ERP systems.

Category management 130

Category management Collaboration Purchasing Procurement 130

ivalua

MARCH 18, 2021

The Strategic Sourcing modules of Ivalua allow Punch Powertrain buyers to define Purchasing needs collaboratively, consolidate the tendering documents and ease costing by suppliers (cost breakdown files, dialogue with the projects on technical feasibility).

Strategic sourcing 246

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 246

NLPA (Next Level Purchasing Association)

FEBRUARY 2, 2024

Picture this: purchase orders taking days to process, hindering deliveries and frustrating vendors. Silos Hinder Collaboration and Communication: Information silos between departments create communication breakdowns and delays. Implementing a collaborative platform can improve communication and reduce maverick buying by 30%.

Procurement team 52

Procurement team Procurement Collaboration Risk 52

SPLC (Sustainable Purchasing Leadership Council)

MAY 18, 2018

2018 LEADERSHIP AWARDS FOR SUSTAINABLE PURCHASING. Seven Organizations Recognized by Sustainable Purchasing Leadership Council. Each winner employs a wide range of sustainable purchasing strategies and documented the resulting environmental, social, and/or economic benefits in a case study. More about this case study.

Leadership 40

Leadership Purchasing Sustainability Supply Chain Efficiency 40