Supply Chain Game Changer

NOVEMBER 13, 2018

Strategic Sourcing is a proven approach to understanding and delivering significant cost reduction based on Total Cost of Ownership (TCO), building a sustained value – creating relationship with the suppliers and category spend reduction in order to create and sustain a competitive advantage. So what are the new realities?

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

Procurement Zen

AUGUST 3, 2019

We always have like early involvement is an overarching topic that always like influences our episodes. I think that the, from a commodity strategy perspective, there's so many different influencing factors, but your stakeholder needs to be on board. Um, and also looking at your internal costs. 2 ways to see it. Um, absolutely.

Strategy 52

Strategy Influencing Demand Suppliers 52

Procurement Tactics

SEPTEMBER 15, 2022

Want to take your negotiation results to the next level? You can try to form a committee or cross-functional working group that meets regularly to talk and influence them on sustainability purchasing initiatives. Negotiate sustainability with your suppliers. Use the Total Cost of Ownership (TCO) approach when buying.

Purchasing 130

Purchasing Sustainability Cost of ownership Supply Chain Efficiency 130

Procurement Zen

SEPTEMBER 4, 2019

Let's discover, how it influences your commodity strategy. Last week we talked about the internal influencing factors. As promised, this week we are talking about external view / forces that influence our commodity strategy. That influences your contract's structure, your pricing structure etc. Phil: Hello everyone.

Strategy 52

Strategy Influencing Suppliers Import 52

Procurement Templates

JUNE 18, 2023

They may use various monetary and fiscal policies, such as adjusting interest rates, implementing open market operations, or controlling government spending, to influence inflation levels. This can help in negotiating better prices and mitigating the impact of inflation from a particular supplier.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

SCMDOJO

APRIL 3, 2022

Procurement specialists can use eAuctions to engage and negotiate with more vendors utilizing an organized approach which thus eliminates any need for cumbersome one-on-one meetings. Digital bidding, or eAuctions, are a more efficient way of negotiating with vendors in the international market. What is Total Cost of Ownership?

Supply Chain Efficiency 139

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 139

Una

SEPTEMBER 21, 2023

Understanding cost savings Cost savings, as the term suggests, refers to the reduction in expenses achieved through various procurement actions. These actions typically involve negotiating better deals with suppliers , optimizing procurement processes, and finding cost-efficient alternatives for goods and services.

Competitive bidding 52

Competitive bidding Ethics Supply Chain Optimization Strategy 52

Empowering CPO

JUNE 27, 2023

By breaking down spending patterns and understanding the underlying factors influencing expenditures, category spend analysis provides a comprehensive overview of an organization’s procurement landscape. It helps identify opportunities for inventory management, pricing negotiations, and demand planning.

Procurement 40

Procurement Supply Chain Optimization Supplier consolidation Suppliers 40