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

Una

FEBRUARY 7, 2023

EPISODE 101 Maximizing the Value of Strong Supplier Partnerships with Juli Lassow By Kelly Barner | February 8, 2023 After all of the turbulence of the last few years, relationships between procurement and suppliers have reached a place of stability – at least for now.

Suppliers 128

Suppliers Negotiation Contract Sourcing 128

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 Suppliers Contract 287

Una

MAY 9, 2024

The Importance of Aligning Values With Suppliers Aligning values with suppliers and the organization as a whole plays a pivotal role in establishing robust partnerships and driving success. In the past, organizations partnered with suppliers despite a misalignment in values.

Import 52

Import Suppliers Supply Chain Efficiency Ethics 52

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

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 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

FEBRUARY 6, 2024

One participant shared how contracts had remained stable and prices hadn’t increased thanks to longer-term relationships being in play. Another, meanwhile, detailed how they were funding the build-up of supplier inventory to the tune of tens of millions of dollars to provide financial support and build a buffer to potential disruption.

Supply Chain Efficiency 130

Supply Chain Efficiency Risk Suppliers Contract 130

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 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 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. . Ultimate Supplier Plotting Checklist 2023. Or receive our famous weekly newsletter. Download Whitepaper →. .

Procurement strategies 267

Procurement strategies Strategy Procurement Bidding 267

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.

Supplier negotiation 97

Supplier negotiation Negotiation Suppliers Buyers 97

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

Procurement Tactics

JUNE 22, 2023

A sales order is a confirmation document a supplier/seller issued to the buyer. A purchase order is a document created and issued by the buyer to a seller/supplier. It is a document that serves as a list of goods or services that a business/buyer would like to purchase from a supplier. What is a Sales Order?

Purchase orders 200

Purchase orders Purchasing supply chain software solutions Buyers 200

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

Procurement Leaders

MAY 30, 2022

Like an increasing number of companies, property services giant CBRE recognises the value of using procurement to drive social impact through spending with diverse suppliers and social enterprises. Identifying new diverse suppliers to ensure coverage across all key categories of spend. Helping supplier development.

Suppliers 130

Suppliers Influencing Procurement team Procurement 130

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

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. First Name.

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

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. A clear budget 4. How to Utilize Job Order in Procurement?

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

Procurement Tactics

JANUARY 12, 2023

Or receive our famous weekly newsletter. It often entails that you work under contract. A procurement analyst is an individual who evaluates products from suppliers to know which ones the company should buy. He or she is also responsible for ensuring that all products bought from the supplier are delivered on time. .

Procurement 187

Procurement Raw materials Sourcing Suppliers 187

Procurement Tactics

JUNE 28, 2023

It typically looks for details such as supplier information, item descriptions, quantities, prices, or arrival dates. Supplier Performance The quality, timeliness, and adherence to contractual commitments of suppliers shall be monitored. Documents concerning the contracts shall also be undertaken.

Supply Chain Efficiency 178

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

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. Selecting a supplier that best suits you. It is necessary to make supplier selections based on the current purchase time, quantity, and quality. . 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

JULY 21, 2022

Or receive our famous weekly newsletter. This will allow you to use it in your profession or your company to better judge the best suppliers for you. . When the organization needs materials or services in order to undertake a project, it starts by finding suppliers. 33 Procurement Interview Questions in 2022. First Name.

Bidding 130

Bidding Competitive bidding Procurement Contract 130

Procurement Tactics

NOVEMBER 14, 2022

Or receive our famous weekly newsletter. A Request for information (RFI) is a method of gathering information from multiple suppliers before the procurement manager starts to source products or services. . The RFI is often applied once you have gathered multiple suppliers but you do not have any information about them.

Bidding 178

Bidding Suppliers Procurement Influencing 178

Procurement Tactics

AUGUST 29, 2022

Or receive our famous weekly newsletter. E-tendering is used by many companies as it helps them to find the best suppliers for upcoming purchases at the right price. E-tendering or electronic tendering is the process of using e-procurement platforms to automate solicitation bid tenders and assess suppliers. . First Name.

Competitive bidding 130

Competitive bidding Bidding Contract Suppliers 130

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

Una

MAY 22, 2024

From general efficiency tips to procurement-specific strategies, we delve into automation, supplier self-service, AI technologies, and the time-saving, efficiency-boosting benefits of outsourcing to a group procurement organization like Una. This streamlines the purchasing process and eliminates the need for extensive supplier evaluations.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization Procurement team 52

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? Frequently asked questions + What is price purchase variance? . +

Price 130

Price Purchasing Raw materials Negotiation 130

Procurement Tactics

NOVEMBER 23, 2022

Or receive our famous weekly newsletter. For example, if the company’s mission aims to lower its carbon footprint, then the procurement manager or department should focus on sourcing sustainable and non-toxic materials from suppliers who share similar values. . Ultimate Supplier Plotting Checklist 2022.

Procurement 206

Procurement Ethics Sustainability Supply Chain Efficiency 206

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? What Are Vendor Scorecards?

Supply Chain Efficiency 186

Supply Chain Efficiency Vendor management Negotiation Quality 186

Spend Matters

MARCH 11, 2024

The AI-based platform ‘continuously monitors transactional and supplier data for fraud, errors and duplicates allowing AP teams to act fast and correct errors before payment is made.’ Supplier Master Files have changed, he said. In every supplier base there are missing credits, he says, which can significantly impact the bottom line.

Procurement strategies 89

Procurement strategies Innovation Strategy Procurement 89

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

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.

Procurement strategies 130

Procurement strategies Sustainability Strategy Procurement 130

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

Una

FEBRUARY 13, 2023

What to Do When Supply Chains Break Your Heart Six helpful tips for what to do – and what NOT to do – when supply chains and supplier partners end up breaking your heart. A supplier’s machinery may break down, human errors are frequently made, or the suppliers’ suppliers may let them down in turn.

Supply chain 98

Supply chain Supply Contract Suppliers 98

World of Procurement blog

JULY 28, 2021

We need to think about Supplier Relationship Management during Covid-19 COVID-19 is having a significant effect around the world for individuals in terms of the way we work and live our daily lives. In this article, Sharon Croome breakdown a simple step-by-step guide to Supplier Relationship Management in the Supply Chain.

Supplier relationship management 52

Supplier relationship management Suppliers Management Supply Chain Optimization 52