The Procuretech Podcast

SEPTEMBER 5, 2023

Kindt developed a contract lifecycle management platform in response to the lack of effective solutions in the market. He believes that many companies focus too much on the pre-contract signing phase and neglect the post-signature phase, which is where 80% of contract lifecycle management occurs. 00:11:01] The Holy Triangle. [00:14:09]

Contract 40

Contract Contract management Management Negotiation 40

Procurement Tactics

FEBRUARY 19, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter ChatGPT in Procurement — Revolutionizing the Norm ChatGPT is getting popular not just in procurement but also in various industries as it assists professionals in their everyday work. However, what is it?

Procurement 287

Procurement Market analysis Contract Suppliers 287

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.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

Procurement Tactics

NOVEMBER 25, 2022

Or receive our famous weekly newsletter. Still, the economy is expected to contract in the near future, and that can mean fewer business development opportunities and slower revenue growth. . But what about businesses that rely on government contracts? When the economy contracts, it becomes harder for people to find jobs.

Raw materials 195

Raw materials Bidding Contract Suppliers 195

Procurement Leaders

FEBRUARY 6, 2024

One participant shared how contracts had remained stable and prices hadn’t increased thanks to longer-term relationships being in play. Longer-term contracts, top-to-top engagement, a win-win mindset of mutual benefit, as well as transparency and openness. What do we mean by a trusted relationship?

Supply Chain Efficiency 130

Supply Chain Efficiency Risk Suppliers Contract 130

The Procuretech Podcast

APRIL 5, 2022

We're diving in again to the ever-expanding contract management space this week, looking at a piece of software that straddles the murky waters between procuretech and legaltech. Utilising AI to speed up and simplify your contract clause redlining process. This can be applied on both native contracts and third party documents.

Contract 52

Contract Contract management Negotiation Procurement 52

Procurement Tactics

JANUARY 4, 2023

Or receive our famous weekly newsletter. Starting work with a new vendor or renewing a contract with an existing one requires a lot of work for your firm’s legal department. You need to draft the contract, negotiate the terms and conditions, ensure you and the vendor have done your due diligence, and much more. .

Procurement 195

Procurement Contract Negotiation Quality 195

Procurement Tactics

DECEMBER 26, 2022

Or receive our famous weekly newsletter. Final Deal: The first contract was issued in January 2014. The contract was reissued in April 2014. After that, the contract was awarded in July 2014. . Or receive our famous weekly newsletter. 33 Procurement Interview Questions in 2023. Download Whitepaper →. .

Procurement strategies 267

Procurement strategies Strategy Procurement Bidding 267

Procurement Tactics

NOVEMBER 23, 2022

Or receive our famous weekly newsletter. Or receive our famous weekly newsletter. The widespread neglect is linked to the practical challenges of purchasing goods and contracting services that align with CSR goals. . 33 Procurement Interview Questions in 2022. Download Free Whitepaper ?. ?. Download Free Whitepaper ?. ?.

Procurement 206

Procurement Ethics Sustainability Supply Chain Efficiency 206

The Procuretech Podcast

MARCH 1, 2022

Kicking off this week with the first of a number of interviews we'll be doing over the next couple of months with contract management platforms. My guest today is Elena Mechik of Berlin-based startup Inhubber, which offers a blockchain-based solution for contract management and tracking.

Contract management 40

Contract management Contract Management supply chain software solutions 40

Procurement Tactics

APRIL 17, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Government Procurement — Shifting to Sustainability Sustainable government procurement is the commitment of the government to achieve sustainability in its purchases. However, what is it?

Sustainability 201

Sustainability Procurement Negotiation Bidding 201

Una

APRIL 18, 2023

Mark is an experienced procurement leader with a broad area of focus including sourcing, supply management, contracts management, supplier relationship management, risk management, and inventory management. .” In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Mark Trowbridge.

Risk 133

Risk Supplier relationship management Contract management Supply Chain Efficiency 133

Procurement Tactics

JANUARY 12, 2023

Or receive our famous weekly newsletter. It often entails that you work under contract. The duties of a procurement analyst may include meeting with suppliers, testing products, making cost reports, and negotiating supply contracts. . Or receive our famous weekly newsletter. Download Course Details →. .

Procurement 187

Procurement Raw materials Sourcing Suppliers 187

Una

MARCH 5, 2024

In that capacity, he has had the opportunity to observe a number of development opportunities – associated with contracts and otherwise. Mark has a very unique background: he is a procurement attorney and educator, accustomed to being in the trenches with the procurement team.

Procurement team 72

Procurement team Sourcing Contract Procurement 72

Procurement Tactics

JUNE 22, 2023

When making a PO, it is vital to create it carefully, as it becomes a legal contract between the buyer and the seller once the latter accepts it. It includes supplier management, contract management , and spend analysis. It includes supplier management, contract management, and spend analysis.

Purchase orders 200

Purchase orders Purchasing supply chain software solutions Buyers 200

Procurement Tactics

OCTOBER 13, 2022

Or receive our famous weekly newsletter. Collaborate and cooperate with stakeholders to ensure agreement on contract terms. For example, when a supplier pulls out or has breached the contract, the manager should be able to respond quickly. 33 Procurement Interview Questions in 2022. First Name. Download Free Whitepaper ?. ?.

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

Procurement Tactics

OCTOBER 27, 2022

Or receive our famous weekly newsletter. Or receive our famous weekly newsletter. The Asia-Pacific remains the largest contract logistics market by region with China overtaking the United States market value by 2026. Global contract logistics is expected to grow in 2022 but at a slower pace of 7.1% First Name. First Name.

Logistics 193

Logistics Supply Chain Efficiency Raw materials Demand 193

Spend Matters

JANUARY 11, 2024

While 2023 was not necessarily a transformative year for the typically innovative area of contract lifecycle management (CLM), it did lay the groundwork for the market’s future. Nevertheless, focusing purely on specific CLM areas, such as obligation management or contract risk, may not be enough for some customers.

Contract 80

Contract Negotiation Procurement solutions Risk 80

Una

FEBRUARY 7, 2023

Highlights In this conversation, Juli shares advice that applies to supplier relationships in all categories and industries: Her view of the current state of procurement <> supplier relationships Whether this is the time for procurement to rethink what supplier partnerships mean, and which suppliers to partner with How the existence of a deep (..)

Suppliers 128

Suppliers Negotiation Contract Sourcing 128

Procurement Tactics

DECEMBER 19, 2022

Or receive our famous weekly newsletter. Regardless of size, you should have a well-drafted business partnership agreement or contract. Or receive our famous weekly newsletter. 33 Procurement Interview Questions in 2022. Download Whitepaper →. . How To Negotiate With A Business Partner. Start with a written agreement.

Negotiation 177

Negotiation Inventory Import Procurement 177

Procurement Tactics

JULY 21, 2022

Or receive our famous weekly newsletter. Bidding is an offer made by the supplier to compete for a contract. With this, we can say that procurement bids refer to the suppliers vying for the contract. Here, the organization lays out its project requirements, the specific contract type, and the delivery method. .

Bidding 130

Bidding Competitive bidding Procurement Contract 130

Procurement Tactics

JUNE 7, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Purchase Price Variance — Everything You Should Know Purchase price variance is an important factor for budget preparation, but why? How can an organization reduce price purchase variance?

Price 130

Price Purchasing Raw materials Negotiation 130

Procurement Tactics

JUNE 28, 2023

Contract Management Contract Management is tracking the contractual lifecycle, including contract creation, renewal, and termination dates. Compliance with the agreed terms and conditions of a contract, as well as respect for the obligations arising from it, shall also be monitored.

Supply Chain Efficiency 178

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

Procurement Tactics

AUGUST 29, 2022

Or receive our famous weekly newsletter. However, it can affect the specification and contracting phase. . The e-tender examples include the following: Government contracting. Once an agreement is reached, then the organization will award the contract to its selected supplier or vendor. . First Name. Download Free PDF.

Competitive bidding 130

Competitive bidding Bidding Contract Suppliers 130

Procurement Tactics

SEPTEMBER 8, 2022

Or receive our famous weekly newsletter. 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. . First Name.

Procurement 226

Procurement Purchase orders Purchasing Strategic sourcing 226

Procurement Tactics

MAY 4, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Challenges in Sustainability Faced by Procurement Teams Adopting sustainability in procurement has many challenges that the procurement team must address to aim for sustainability.

Procurement team 216

Procurement team Sustainability Procurement Negotiation 216

Procurement Tactics

MAY 12, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Scotland Import and Export Statistics Scotland’s imports and exports rely heavily on its vast economic strength however, after Brexit, the country feels its reconstructed trade agreement.

Export 192

Export Import Sustainability Negotiation 192

Una

FEBRUARY 15, 2023

GPOs have developed some innovative contracting practice s that offer participating organizations considerable savings and volume discounts. GPOs negotiate favorable contract terms and prices on behalf of their membership.

Contract 98

Contract Inventory Price Quality 98

Una

SEPTEMBER 20, 2023

National Contracts Service Center. Going on this journey, and connecting with others in the process, can enhance personal happiness as well as professional performance. In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Michaela Payton. Michaela is an Indirect Senior Procurement Manager at Lidl’s U.S.

Contract 75

Contract Sourcing Innovation Procurement 75

Procurement Tactics

NOVEMBER 14, 2022

Or receive our famous weekly newsletter. This document defines the project, goals, and the organization that sponsors it and outlines the bidding process and contract terms. . Or receive our famous weekly newsletter. 33 Procurement Interview Questions in 2022. Download Free Whitepaper ?. ?. Download Free Whitepaper ?. ?.

Bidding 178

Bidding Suppliers Procurement Influencing 178

Procurement Tactics

JULY 17, 2022

Or receive our famous weekly newsletter. In Canada, procurement law is usually based on contracts and has been created or developed by the courts. . In practice, when a bidder submits a binding offer to a buying party, a contract is formed between the two parties. 33 Procurement Interview Questions in 2022. First Name.

Procurement 130

Procurement Contract Purchasing Negotiation 130

Procurement Tactics

MAY 24, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Vendor Scorecards — Everything You Should Know Vendor scorecards simplify vendor management and are an important factor in monitoring supplier performance. However, what is it?

Supply Chain Efficiency 186

Supply Chain Efficiency Vendor management Negotiation Quality 186

Una

MAY 3, 2023

Here is what it said: “A sourcing hero is like a Jedi master of strategic sourcing, skilled in the art of identifying cost-saving opportunities, negotiating contracts, and managing supplier relationships. They possess the ability to manage complex sourcing projects while aligning strategies with business goals.

Strategic sourcing 89

Strategic sourcing Strategic sourcing Ethics Negotiation 89

Procurement Tactics

SEPTEMBER 2, 2022

Or receive our famous weekly newsletter. New Contracts and Contract Renewals . When a contract is negotiated, there is a potential for cost savings. Having a contract will help organizations to avoid price increases in the long run by locking in a discount for several years. First Name. Download Free PDF.

Budget 130

Budget Price negotiations Negotiation Price 130

Procurement Tactics

JULY 2, 2023

A formal contract document that contains the detailed requirement for purchasing and obtaining goods and services, a job order is utilized with a view to ensuring that the desired goods or services are acquired in an orderly and efficient way. In this way, contract experts can work more effectively and save valuable time and resources.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

The Procuretech Podcast

APRIL 30, 2024

Ward clarified that while RPA is process-focused, AI leverages data and generative AI can autonomously create content such as contracts. Connect with Ward Karson on LinkedIn Check out Raindrop Sign up for the Procurement Software Newsletter Book an Intro Call and let’s talk all things Digital Procurement! Stay in touch!

Procurement team 40

Procurement team Budget Sourcing Procurement 40

Spend Matters

MARCH 11, 2024

The AI-backed tool works to help procurement, finance, legal and operations teams create, manage, consolidate, query, compare and sign business-critical documents like invoices, payslips, tender documents, compliance reports and contracts. And to keep on top of industry movements, sign up to our weekly newsletter.

Procurement strategies 94

Procurement strategies Innovation Strategy Procurement 94