article thumbnail

Supplier Relationship Management Software — Everything You Should Know

Procurement Tactics

You cannot get favorable contract terms for the goods and services you want to acquire if you do not have an amicable working relationship with your suppliers. . Having SRM software allows you to develop stronger supplier relationships and negotiate better contract terms with your suppliers.

article thumbnail

Why Procurement staff are in demand and how to navigate the skills shortage

PASA (Procurement and Supply Australasia)

We’re seeing highest demand for Procurement Specialists, Category Managers, Contract Managers, Contract Administrators and Procurement Managers.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Procure To Pay or Source To Pay?

PASA (Procurement and Supply Australasia)

Finding, negotiating with, and contracting with the supplier of the goods is the first step in the source-to-pay (S2P) process, which concludes with the ultimate payment for the items.

article thumbnail

What’s top of mind for CPOs: 15 key learnings

PASA (Procurement and Supply Australasia)

PASA reported earlier this year the procurement skills most sought after were contract administrators, procurement specialists, category managers, contract managers and procurement managers.

article thumbnail

The difference between procure to pay and source to pay

PASA (Procurement and Supply Australasia)

Finding, negotiating with, and contracting with the supplier of the goods is the first step in the source-to-pay (S2P) process, which concludes with the ultimate payment for the items.

article thumbnail

Ivalua NOW Part 2 – Re-Imagining Offices and Transforming Procurement

ivalua

He focused initially on sourcing and category management, because that would give the biggest return on investment as the firm moved from contract administration, to tactical sourcing, to true CatMan and strategic sourcing.

article thumbnail

How Do GPOs Make Money?

Una

Others worry that a GPO will lock them in to certain contracts indefinitely. As a result, the consolidation of purchasing power and the GPO’s ability to establish contracts achieves preferred pricing, terms, and service standards for their members.