Procurement Tactics

JULY 20, 2023

In this article, we will explore what supplier order management software is, its benefits, and some of the best software options available in the market. Defining Supplier Order Management Before diving into the software itself, let’s first understand what is Supplier Order Management.

supply chain software solutions 134

supply chain software solutions Suppliers Management Real-time Visibility 134

Procurement Tactics

AUGUST 16, 2022

Or receive our famous weekly newsletter. Supplier Management — The Ultimate Guide of 2022. Supplier management is crucial for organizations that have many vendors or suppliers. They need to manage their supplier to maintain the relationship that they have built. What is Supplier Management? ENROLL NOW.

Suppliers 130

Suppliers Supply Chain Efficiency Management Supplier relationship management 130

Procurement Tactics

AUGUST 24, 2022

Or receive our famous weekly newsletter. Supplier Networks — The Ultimate Guide of 2022. Supplier networks are important in the procurement industry to find your preferred supplier. In this article, we will discuss what supplier networks are. So without further ado, let’s unravel the parts of supplier networks. .

Networking 130

Networking Suppliers Buyers supply chain budgeting 130

Procurement Tactics

AUGUST 17, 2022

Or receive our famous weekly newsletter. Supplier Evaluation — Everything a Procurement Professional Should Know. A supplier’s evaluation is crucial in procurement. The evaluation helps the organization filter the potential suppliers to get the best partner for its business. What is Supplier Evaluation?

Suppliers 130

Suppliers Procurement Quantity Price 130

Procurement Leaders

APRIL 2, 2024

What are the ultimate goals of those negotiations with suppliers? Why are they spending time building relationships with certain suppliers and not others? The provocation enabled us get back to strategy, think about how our decisions affect our stakeholders, suppliers and the communities we do business in,” the CPO shared.

Chief Procurement Officer 130

Chief Procurement Officer Strategic planning Strategy Collaboration 130

Una

JANUARY 31, 2024

Top Tips for Successful Sourcing From Overseas Suppliers in 2024 Get valuable insights into communication and cultural awareness and explore tips for successfully sourcing from overseas suppliers this year. In this article, we explore Chris’s valuable insights and top tips for successfully sourcing from overseas suppliers.

Sourcing 52

Sourcing Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Una

APRIL 13, 2023

Pain Points in Procurement Series Moving Supplier Relationships from Transactional to Strategic Tips for shifting your supplier relationships from transactional to strategic in an effort produce more cost-saving ideas and value. Transactional versus strategic supplier relationships See the difference? Do you enjoy steak?

Suppliers 98

Suppliers Supplier relationship management Agile and Lean Supply Chain Supply Chain Optimization 98

Procurement Leaders

JANUARY 16, 2024

Procurement Leaders’ CPO community will gather next Thursday to discuss the concept of early supplier involvement – a simple idea that formalises how key suppliers are involved early enough to contribute maximum value to a buying organisation’s strategic initiatives. And it makes sense. However, it’s never quite as simple as it sounds.

Innovation 130

Innovation Suppliers Supply chain management Supply chain management 130

Una

MARCH 19, 2024

Don't Get Duped by Supplier "Washing" Tips sourcing professionals can use to identify and avoid certain corporate and supplier washing practices as part of their ESG strategy. Your organization is committed to sourcing products from suppliers who walk the talk when it comes to environmental, social, and governance (ESG) practices.

Suppliers 52

Suppliers Sustainability Procurement Sourcing 52

Una

SEPTEMBER 26, 2023

How to Repair Damaged Supplier Relationships Learn how to repair damaged supplier relationships by using communication, trust-building, and negotiation tactics to get back on track. Surprisingly, the breakdown of a supplier relationship can sometimes resemble a spat between the main characters of the 1990s hit series.

Suppliers 52

Suppliers Supply Chain Efficiency Negotiation Supply chain 52

Una

MARCH 8, 2023

Pain Points in Procurement Series When Supplier Negotiations Come to a Standstill What to do when supplier negotiations appear to be at an impasse, why negotiations break down, and how to up your chances for success. This week, we explore the challenges and solutions involved when supplier negotiations hit an impasse.

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Supplier negotiation Negotiation Suppliers Buyers 97

Procurement Tactics

MARCH 23, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Source-to-Contract — The Ultimate Guide Source-to-contract is an important process in procurement. Awarding the contract Once you have chosen a supplier, you will need to negotiate the terms and award the contract.

Contract 156

Contract Sourcing Purchase orders Bidding 156

Procurement Tactics

JUNE 19, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Your Ultimate Guide To Launching A Digitized Procurement Startup One of the biggest advantages of digitization in the procurement industry is that it allows you to use data analysis to make informed decisions.

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Procurement Collaboration Procurement strategies supply chain software solutions 201

Procurement Leaders

MARCH 4, 2024

I’m not sure if anyone here is from TfS,” he said, rightly pointing out how the chemical-industry platform is the only real example of industry-level sustainability collaboration taking place today. Why is it that other industries are not able to collaborate, share data and work together for the common good? Cue Bertrand.

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Procurement Sustainability Collaboration Influencing 130

Procurement Tactics

MARCH 16, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Strategic Procurement — Everything You Should Know Strategic procurement allows businesses to meet the demand of the current procurement landscape by making sense of the data and automating the procurement process.

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Procurement Procurement strategies supply chain budgeting Contract management 238

Procurement Tactics

MAY 8, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter CPFR in Supply Chain — Everything You Should Know CPFR in supply chain allows both businesses and suppliers to fulfill customer demand. However, what is it? What is CPFR? Why is CPFR Important?

Supply Chain Efficiency 200

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 200

Procurement Tactics

JUNE 30, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter 10 Corporate Gift Suppliers in the US — Pricing and Quality Reviews Every company has its own tradition, practices, shared values, and goals. Thus, it boils down to one thing, company culture.

Quality 193

Quality Price Suppliers Negotiation 193

Procurement Leaders

FEBRUARY 26, 2024

In short, key suppliers and partners become extensions of the enterprise; and the power of applying that extended network with internal capability to solving sustainable growth projects is an intoxicating prospect.

Cost of ownership 130

Cost of ownership Agile and Lean Supply Chain Sustainability Procurement team 130

Procurement Tactics

JANUARY 9, 2023

Or receive our famous weekly newsletter. Sustainability transformation necessitates a great understanding of new technologies, strong engagement with stakeholders and suppliers, and huge investments in sustainability. . Collaboration with your partners. As a business, you have suppliers that support your goal.

Sustainability 210

Sustainability Collaboration Strategy Suppliers 210

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. Effective Planning Effective planning is where everything starts. A clear budget 4.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

Procurement Tactics

MARCH 26, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Open Tendering — Everything You Should Know Open tendering is crucial in the acquisition of goods and services for a company. However, what is it? If required, it must also be advertised internationally.

Bidding 197

Bidding Suppliers Competitive bidding Price 197

Procurement Tactics

OCTOBER 13, 2022

Or receive our famous weekly newsletter. Additionally, it assesses the suppliers of the company to find the best supplier in the market and collaborate effectively which will enable them to establish a long-term relationship. Collaborate and cooperate with stakeholders to ensure agreement on contract terms.

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

Procurement Tactics

DECEMBER 7, 2022

Or receive our famous weekly newsletter. It optimizes the cash flow that enables the business to lengthen its payment terms to its suppliers while providing an option for when a supplier will be paid. While suppliers can gain quick access to money the buyer owes them, the latter can get more time to pay their balances.

Supply Chain Efficiency 181

Supply Chain Efficiency Supply Chain Optimization supply chain software solutions Supply chain 181

Procurement Tactics

JULY 4, 2023

It is a powerful tool that helps procurement and supply chain professionals to evaluate and negotiate pricing with suppliers effectively and favorably and achieve cost savings. It enables organizations to effectively negotiate and collaborate with suppliers. How to Create a Should Model for Your Own Products?

Raw materials 209

Raw materials supply chain software solutions supply chain budgeting Price 209

Procurement Tactics

MAY 22, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Integrated Logistics — What You Should Know Integrated logistics is gaining popularity throughout the years to the point of replacing the traditional logistics concepts. However, what is it?

Logistics 207

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

Procurement Tactics

DECEMBER 26, 2022

Or receive our famous weekly newsletter. InDemand aims to help promote innovation by combining what the clients need (health professionals of the Murician Health Service), and the development of the solutions in the process of co-creation (a collaboration of health professionals together with tech companies). .

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Procurement strategies Strategy Procurement Bidding 267

Una

MAY 7, 2024

But in the world of procurement, should-cost analysis is a valuable exercise that can: Provide a benchmark for negotiating prices with suppliers Identify potential cost-saving opportunities , and Ensure that the prices being quoted are fair and reasonable. Instead, the focus should be on agreeing on a fair and reasonable price.

Procurement 52

Procurement Price Negotiation Supply Chain Efficiency 52

The Procuretech Podcast

MARCH 8, 2022

With the backdrop of inflation, supply chain shortages and now as I currently write this, a war being fought on European soil, supplier collaboration and supplier innovation are two topics that I think we can be sure will increase in priority. Using software to successfully drive a transparent supplier innovation program.

Innovation 52

Innovation Suppliers Procurement supply chain software solutions 52

Procurement Tactics

AUGUST 19, 2022

Or receive our famous weekly newsletter. You will also know how important vendor management is for the organization to manage its suppliers. . For starters, vendor management is used to describe the processes used to manage their suppliers or vendors. . Collaboration. It guides hiring managers to know the best supplier.

Vendor management 130

Vendor management Management e2e Negotiation 130

Procurement Tactics

APRIL 12, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Labor Practices — Embracing Sustainability Sustainable labor practices in procurement should be observed to ensure that the employees will have a safe working environment.

Sustainability 180

Sustainability Ethics Negotiation Procurement strategies 180

Una

MARCH 27, 2024

Choose suppliers with sustainability in mind Sourcing heroes have a unique opportunity to influence sustainability efforts right from the start by carefully selecting suppliers. Collaborating with suppliers who share the vision of zero waste allows businesses to align their procurement practices with broader sustainability goals.

Sustainability 52

Sustainability Innovation Collaboration Suppliers 52

Procurement Tactics

JUNE 6, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter ESG in Procurement — Embracing Sustainability ESG in procurement is continuously integrated by many businesses to foster sustainability in their processes. However, what is it?

Sustainability 130

Sustainability Procurement Supply Chain Efficiency supply chain budgeting 130

Procurement Tactics

AUGUST 25, 2022

Or receive our famous weekly newsletter. 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. . 33 Procurement Interview Questions in 2022. First Name. Download Free PDF.

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

Planergy

NOVEMBER 29, 2022

Supplier Consolidation: What It Is, Benefits, and Risks. Best Practices & Tips Strategic Sourcing Supplier Relationship Management. Supplier consolidation involves reducing the number of suppliers you work with. Pros include better supplier relationships, cost savings, and time savings. Download Free Copy.

Supplier consolidation 52

Supplier consolidation Risk Suppliers supply chain budgeting 52

Planergy

AUGUST 16, 2022

How AP can improve relationships with your key suppliers. Supplier Development: What It Is, And How To Manage It. Best Practices & Tips Supplier Performance Supplier Relationship Management. For the best results, a company should approach supplier development strategically and systematically. Written by.

Suppliers 52

Suppliers Management supply chain budgeting Supplier relationship management 52

Procurement Tactics

JUNE 5, 2023

First Name Email Download 51 Prompts →  Or receive our famous weekly newsletter Global Supply Chain — Everything About Supply Chain Global supply chain has become a popular way for businesses to source unique materials and products from other countries as they are unavailable domestically. This means you need to plan ahead.

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supply chain budgeting supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 192

Procurement Tactics

JUNE 6, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Implementing Sustainable Procurement Strategy — Embracing Sustainability Implementing a sustainable procurement strategy to your procurement process is crucial for you to be successful with your sustainable goals.

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Procurement strategies Sustainability Strategy Procurement 130