Procurement Tactics

MARCH 16, 2023

Additionally, it involves a careful analysis of supplier selection, payment terms, contract negotiation, and acquisition of goods. Strategic procurement is data-driven and uses a combination of tools and techniques that go far beyond unit price reduction. It can also help you with contract management and compliance processes.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

Procurement Tactics

JUNE 28, 2023

It typically looks for details such as supplier information, item descriptions, quantities, prices, or arrival dates. Contract Management Contract Management is tracking the contractual lifecycle, including contract creation, renewal, and termination dates.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Procurement Tactics

MAY 4, 2023

Defective pricing audits Defective pricing audits are conducted to assess the accuracy of the costs or pricing and to determine whether the business is overpaying for its purchased goods or services.

Contract 184

Contract Negotiation Contract management Procurement strategies 184

Procurement Software

APRIL 2, 2024

So, we’re going to take a quick look at three different price brackets and examine what you can buy with this budget. We’re going to cover three different price points. Some platforms in this price range will also support e-auction capabilities. Usually priced based on spend amount being analysed through the tool.

supply chain budgeting 52

supply chain budgeting supply chain software solutions Procurement Budget 52

ivalua

APRIL 6, 2020

This could mean that organizations may not receive their goods or services, or a declaring agency reserves the right to change the conditions of purchase, work procedures, price, lead-time, surcharges, business operations and obligations in response to the circumstances.

Contract management 182

Contract management Contract Supply Chain Efficiency Logistics 182

Spend Matters

JANUARY 16, 2023

Categories: Analytics , Contract Management , Procurement Systems & Architecture Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of the software as a service (SaaS) management solution provider Tropic and its SaaS sourcing and procurement platform.

Procurement solutions 71

Procurement solutions Contract management Procurement Market knowledge 71

ivalua

FEBRUARY 27, 2023

Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.

Real-time Visibility 130

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

Spend Matters

JUNE 12, 2023

Categories: Contract Management Tags: PRO This Spend Matters PRO Vendor Analysis updates our coverage of Malbek and its contract lifecycle management solution. In 2021, Spend Matters included Malbek on the Future 5 list, an annual list that highlights the most impressive procurement technology start-ups. Read more. )

Contract 72

Contract Management Contract management Buyers 72

Spend Matters

JUNE 27, 2023

This week, we discuss a growing need for, and evolution of, contract analytics and ‘actionable insights.’ The trend for greater contract analytics in contract management solutions is seen most widely in the offerings of the newer providers that go beyond the expected features to give ‘actionable insights.’

Contract 73

Contract Contract management Negotiation Management 73

Procurement Tactics

FEBRUARY 19, 2023

Contract management ChatGPT can provide assistance to procurement professionals by assisting them in managing their contracts by providing information on the contract terms and conditions. It is not available yet, but once it is, it will be priced at $20 per month.

Procurement 287

Procurement Market analysis Contract Suppliers 287

SCMDOJO

APRIL 20, 2023

Read More: Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities ] What does a Procurement Manager do? They also work closely with other departments within the organization to ensure that procurement needs are aligned with the overall goals and objectives of the company.

Management 94

Management Procurement Contract management Supply Chain Optimization 94

ivalua

JULY 11, 2022

New release features AI-powered contract management, more seamless messaging and communications, supplier risk and performance enhancements and procure-to-pay efficiency . AI-powered contract management. On the AI front, Ivalua enhanced its leading CLM solution with AI-Powered Contract Data Capture. About Ivalua.

Supply chain resilience 130

Supply chain resilience Collaboration Supply Chain Efficiency supply chain budgeting 130

World of Procurement blog

APRIL 8, 2021

Besides, your contract terms and Statement of work should clearly articulate the intellectual property rights that apply to each of the deliverables and any other works that are created concerning the deliverables. Costings/Prices The agreed-upon pricing should be included within the Statement of Work.

Price 52

Price Contract Buyers Suppliers 52

Procurement Tactics

JULY 2, 2023

They shall ensure that a documented record of the procurement procedure, which can be vital for audits, contract management, and law enforcement purposes, is kept. Softwares Available for Creating and Managing Job Orders 1. Coupa Coupa offers a feature specifically designed for creating and managing job orders.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

Spend Matters

APRIL 5, 2023

Categories: Contract Management , Procurement Systems & Architecture , Solution Providers , Source-to-Contract Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of Spendflo and its solution for SaaS procurement and management. Having so many options is not always a good thing, though.

e2e 78

e2e Management Buyers Contract 78

The Good Spending

JANUARY 13, 2024

Recently, we wrote about the information asymmetry in SaaS negotiations : buyers tend to limit their spending on SaaS due to the need for more knowledge of its fair market price. SaaS demand management can help procurement identify cost savings opportunities, boost efficiency, and reduce risk. Contract management.

Contract management 59

Contract management Negotiation Contract Demand 59

The Good Spending

APRIL 2, 2023

To do that, we must establish trustful relations with budget owners, master some inventory and consumption forecasting methods, build and maintain complex SKU and price databases, and much more. We must operate the inventory management plan to estimate the inventories at the beginning of the new budget period.

Procurement 98

Procurement Demand Planning Budget Category management 98

Let's Talk Supply Chain

NOVEMBER 2, 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. 26.07] Jeremy’s final words.

Contract 52

Contract Supply Chain Efficiency Supply Chain Optimization Contract management 52

Procurement Templates

MARCH 3, 2024

This involves assessing suppliers’ capabilities, pricing, quality standards, and reputation. This involves categorizing expenditures, identifying top suppliers, analyzing price variances, and assessing demand patterns. Prioritisation of Needs : Not all needs may be equally urgent or important.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Procurement Heads

MARCH 27, 2023

Procurement at Futures involves negotiating and renegotiating contracts for all goods, works and services. We’re responsible for the supplier management and then supporting the business in contract management as well. We’re a point of escalation, for dealing with issues and supporting through the exit of contracts.

Sustainability 246

Sustainability Agile and Lean Supply Chain Influencing Procurement 246

Arkestro

MARCH 27, 2024

Sourcing: Finding potential suppliers and negotiating agreements to ensure the best terms and prices for all goods or services. Market analysis: Researching market trends, pricing, and industry events to make informed, data-driven decisions. Budgeting: Identifying the most cost-effective solutions without compromising quality or speed.

Buyers 52

Buyers Supply Chain Efficiency supply chain budgeting Procurement 52

Procurement Heads

JUNE 6, 2023

Additionally, I am responsible for driving our technology initiatives, including e-tendering platforms, contract management, and ERP integrations. It is contract management, it is low-cost sourcing, and the whole policy side. I also serve as the sponsor for our all of our complex procurement activities.

Contract management 130

Contract management Contract Supply Chain Efficiency Procurement 130

Spend Matters

JANUARY 31, 2023

Categories: Contract Management , Procurement Strategy & Planning Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of NHD and its solution for contractor and project management. NHD integrates with any ERP system and workforce management system to keep the overall project flowing smoothly.

Project management 85

Project management Management Contract management Procurement strategies 85

Spend Matters

APRIL 19, 2023

Here's why mdf commerce matters: To the market — mdf commerce offers a set of solutions for the US and Canadian public sector — sourcing, contract management, e-procurement and spend analytics — the efficacy of which is evidenced by the significant number of clients mdf has. Read more. )

Market analysis 65

Market analysis Sourcing Eprocurement Procurement 65

Procurement Tactics

SEPTEMBER 8, 2022

Usually, operation purchasing managers work to enhance contract management, delivery management, and managing any feedback. If the quote is accepted but the terms aren’t complied with, then it can be considered a breach of contract which may constitute legal action. . Order Monitoring.

Procurement 226

Procurement Purchase orders Purchasing Strategic sourcing 226

Una

FEBRUARY 8, 2023

Use reverse auctions to drive down prices In a reverse auction, suppliers compete to offer the lowest price for a product or service. Implement a contract management system A contract management system can help manage and track contracts with suppliers. The key is visibility.

Procurement 59

Procurement Negotiation Contract Strategic sourcing 59

Barkers Procurement

OCTOBER 2, 2023

Why A Procurement Managed Service Can Transform Your Business Procurement is about more than just acquiring goods and services at the right time and at the best price for your business. A solid contract management process can help you process contracts more efficiently and under the correct terms so you can generate more revenue.

Management 52

Management Procurement Contract Contract management 52

IBM Supply Chain Blog

FEBRUARY 13, 2024

Cost savings Selecting suitable suppliers to meet long-term business needs often results in contracts with more advantageous pricing and payment terms (like bulk pricing and reduced fees). A diversified supplier portfolio helps organizations avoid delays, cancellations and price fluctuations from disruption.

Strategic sourcing 82

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 82

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.

Contract management 52

Contract management Contract Supply Chain Efficiency Data 52

IBM Supply Chain Blog

FEBRUARY 28, 2024

Because organizations with strategic sourcing mindsets look beyond price and cost savings-centered supplier selection initiatives. For example, blockchain-backed contract management, when combined with automation, creates efficiencies and offers a high level of security. They instead focus on continuous improvement.

Sourcing 99

Sourcing Strategy Supply Chain Efficiency e2e 99

ivalua

DECEMBER 21, 2021

Together with its strategic partner Optis Consulting, Ivalua’s solution has digitally enabled FCL’s policies and processes for core procurement activities, including sourcing and contract management. Ivalua is a leading provider of cloud-based Spend Management software. More information is available at www.fcl.crs and www.co-op.crs.

Contract 130

Contract Sourcing Suppliers Data 130

ProcurePort

AUGUST 15, 2022

• Vendor management is the sum of all activities a company undertakes to maximize the value of the relationship they have with its vendors. This includes but is not limited to listing probable vendors, comparing prices, quality checks, cost control, and risk management. The post What is Vendor Management?

Vendor management 130

Vendor management Management Risk management Quality 130

Procurement Tactics

AUGUST 24, 2022

It gives organizations numerous options from which they can select suppliers according to their preferences such as product, prices, and location. Catalog management. The variables include the item specifications, future pricing, and special offers to avoid any confusion. . Contract management.

Networking 130

Networking Suppliers Buyers supply chain budgeting 130

Spend Matters

DECEMBER 21, 2023

AI can help create greater efficiency and value across all source-to-pay processes, including spend analysis, opportunity identification, sourcing and contract management, category management, supply relationship management and risk management.

Procurement solutions 85

Procurement solutions Procurement e2e Real-time Visibility 85

SCMDOJO

FEBRUARY 13, 2023

[Read More: Top 16 Procurement KPIs – The Ultimate Guide ] Key Takeaways The procurement department is critical to an organization, obtaining quality goods and services at competitive prices while ensuring the organization’s resources are needed to succeed.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

ivalua

JUNE 16, 2021

MENA countries import a lot of food; disrupted supply chains and price increases mean potential food shortages. To digitally transform successfully, MENA procurement teams will need to invest in process redesign and change management, and take steps to involve internal stakeholders early on.

Eprocurement 130

Eprocurement Supply Chain Optimization Agile and Lean Supply Chain Procurement team 130

Spend Matters

NOVEMBER 2, 2023

Already, it has developed analysis to show price variance category benchmarking, supplier spend criticality, tail spend and suggests opportunities. Associated features such as supplier profiles, spend carbon footprint and document management are missing.

Contract management 99

Contract management Data Procurement team Suppliers 99