World of Procurement blog

MAY 8, 2024

Introduction to Contract Management Contract management is the process of systematically and efficiently managing contract creation, execution, and analysis to maximize operational and financial performance at an organization. Effective contract management provides numerous benefits for companies across industries.

Contract management 52

Contract management Contract Management e2e 52

ivalua

MARCH 18, 2021

Massy, France 18 March , 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, and CKS BeNeLux today announced that Punch Powertrain has successfully deployed Ivalua’s platform to support the digital transformation of the strategic sourcing process.

Strategic sourcing 246

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 246

SCMDOJO

APRIL 11, 2023

If you’re a supply chain management professional, you’re probably aware of how important it is to continuously improve your skills and knowledge in this field. Fortunately, there are numerous courses available to help you develop your expertise in supply chain management, regardless of your level of experience.

Supply chain management 114

Supply chain management Supply chain management supply chain software solutions Supply chain 114

Skill Dynamics

MARCH 12, 2024

What is strategic cost management? In brief, strategic cost management is implementing effective cost optimization strategies that lead to improved profitability, operational efficiency, and resource allocation. It’s an approach that many businesses need.

Cost optimization 69

Cost optimization Cost of ownership Procurement Strategy 69

Procurement Tactics

SEPTEMBER 7, 2022

Pollution and waste management. Environmental resource management. Water and marine resources management. The total cost of ownership. Life cycle costing. Organizations can also be saved from the economic costs of disruptions in sustainable procurement such as noncompliance with environmental organizations.

Sustainability 163

Sustainability Procurement Cost of ownership Supply Chain Efficiency 163

Una

NOVEMBER 1, 2022

And, like Milton, management assumed procurement people were happily left alone in dank office spaces, content having their red staplers by their side. TCO takes into account the long-term costs and expenses incurred during a product’s useful life and eventual disposal. Increased cost savings. Strategic sourcing is similar.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

IBM Supply Chain Blog

AUGUST 1, 2023

In this day and age, it’s critical that organizations know about and manage all apps installed on their endpoints. Using multiple platforms to discover apps and manage laptops and mobile devices negatively impacts the IT and security team’s efficiency and productivity in continuous application patching.

Risk 58

Risk Management Real-time Visibility e2e 58

Empowering CPO

FEBRUARY 20, 2023

On similar lines, even buyers have their own set of constraints because more lots may mean more suppliers to manage and that may take away plenty of their bandwidth during normal operations. The Lot total should represent the Total Cost of Ownership for the buyer and should include all factors so as to ensure an apple-to-apple comparison.

Strategy 52

Strategy Cost of ownership Strategic sourcing Strategic sourcing 52

Sourcing and Supply Chain

JUNE 24, 2021

Category Management is the concept of the Retail industry that helps for better management as well as sales of a similar category of product by bundling the same. Strategic Category Management is simply category management in a strategic context. Process for Category Management. Demand management.

Category management 52

Category management Management Procurement Market analysis 52

Una

MAY 10, 2023

Highlights In this interview, Cory shares his knowledge about leading packaging innovations: What other materials – in addition to corrugated cardboard – come up frequently in conversations with experts How sustainable packaging intersects with corporate sustainability/ESG efforts The metrics and KPIs used to measure improvements in packaging (..)

Sustainability 98

Sustainability Cost of ownership Sourcing Supply chain 98

Supply Chain Game Changer

JULY 2, 2020

Order Management article and permission to publish here provided by Dave Joseph at veridian.info. An order management system (OMS) is the system of record for maintaining orders and handling inventory. In the omnichannel supply chain, order management improvement leads to confident inventory management across all channels.

Management 54

Management Real-time Visibility Supply Chain Optimization supply chain software solutions 54

Procurement Tactics

APRIL 5, 2023

Risk management Refusing to adopt sustainability has its own consequences and can severely affect the brand value, reputation, market capitalization, market share, legal exposures, price fluctuations, access to supply, ethical exposures, financial liabilities, and the risks associated with operating licenses.

Sustainability 187

Sustainability Procurement Supply Chain Efficiency Procurement strategies 187

IBM Supply Chain Blog

MAY 8, 2024

Today, our enterprise-grade platform is optimized to help clients manage mission-critical workloads while addressing resiliency, performance, security, compliance and total cost of ownership. ” – Tomas Alberola, Virtual Agents Manager, Masorange.

Cost of ownership 67

Cost of ownership Data Innovation Management 67

Planergy

SEPTEMBER 8, 2022

How better management in AP can give you better flexibility for cash flow management. Supplier Performance Management: How and What To Measure. Best Practices & Tips Supplier Performance Supplier Relationship Management. What Is Supplier Performance Management? Why Is Supplier Performance Management Important?

Suppliers 52

Suppliers Management Supplier relationship management supply chain budgeting 52

Supply Chain Game Changer

AUGUST 4, 2020

These are the Critical Supply Chain lessons we discuss in our latest video: The Importance of Supply Chain Talent Designing in Supply Chain Flexibility Taking Total Cost of Ownership Seriously Mission Critical and Strategic Inventory Positioning Disaster Planning Taken Seriously Exhaustive End to End Supply Chain Mapping Design Your Supply Chain for (..)

Supply chain 128

Supply chain Cost of ownership Supply Logistics 128

Empowering CPO

FEBRUARY 11, 2024

Our strategic sourcing outsourcing emphasize the importance of developing strong ties with suppliers, creating a win-win scenario that goes beyond short-term cost savings. The concept of Total Cost of Ownership (TCO) considers not only the purchase price but also factors in operational, maintenance, and end-of-life costs.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

Zycus Cognitive Procurement

JANUARY 2, 2023

Such solutions provide capabilities, such as automated workflow, vendor management, and electronic invoicing. With AP automation services , enterprises can process invoices faster and more accurately, reduce the risk of errors and fraud, and improve cash flow management.

Cost of ownership 52

Cost of ownership Vendor management Data Risk 52

Supply Chain Game Changer

AUGUST 30, 2022

Many businesses use some form of Total Cost of Ownership model to support their Procurement and sourcing decisions. What is the current nature of these Total Cost of Ownership models, and what needs to change to make their use more robust and responsive? What is a Total Cost of Ownership Model?

Cost of ownership 103

Cost of ownership Supply Chain Optimization Procurement Price 103

Procurement Templates

SEPTEMBER 14, 2023

Resource Conservation : Assess how suppliers manage and reduce resource consumption, including water, energy, and raw materials. Risk Management : Supply Chain Resilience : Evaluate suppliers’ strategies for mitigating risks related to environmental disruptions, such as natural disasters or resource scarcity.

Sustainability 130

Sustainability Supply Chain Efficiency Procurement Ethics 130

ivalua

MARCH 18, 2021

Massy, France 18 March , 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, and CKS BeNeLux today announced that Punch Powertrain has successfully deployed Ivalua’s platform to support the digital transformation of the strategic sourcing process. About Ivalua.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Buyers 130

IBM Supply Chain Blog

SEPTEMBER 11, 2023

IBM and AWS has worked together to bring all of IBM data management portfolio namely Db2, Netezza and IBM watsonx.data to work on AWS in cloud native fashion with convenience of SaaS for our customers. watsonx.data is a software-as-a-service (SaaS) offering that revolutionizes data management.

Raw materials 113

Raw materials Innovation Cost of ownership Data 113

Empowering CPO

JULY 16, 2023

Introduction Brief Explanation of Managed Procurement Services In today’s interconnected business world, the seamless acquisition of goods and services is paramount to the smooth operation of any organization. This is where managed procurement services come into the picture.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

IBM Supply Chain Blog

JUNE 12, 2023

Done right, our take is that the cloud can deliver unparalleled benefits in performance and total cost of ownership without compromising resiliency, security and compliance. IBM believes that dependability, reliability and trust need to be at the heart of every cloud strategy. The future for financial services is bright.

Strategy 94

Strategy Cost of ownership Risk Data 94

Procurement Tactics

APRIL 3, 2023

Business sustainability, also known as corporate sustainability , is the management and coordination of environmental, social, and economic demands. Economic Benefits Businesses can increase their profits by adopting a total cost of ownership approach to life-cycle cost. So what are you waiting for, enroll now!

Sustainability 183

Sustainability Procurement Supply Chain Efficiency Procurement strategies 183

Procurement Tactics

MAY 2, 2023

We will show you the various types of sustainability requirements that you can use in your specifications: Descriptive requirements – Specifies a characteristic of goods or services such as organic or sustainably managed wood.

Sustainability 204

Sustainability Procurement strategies Negotiation Ethics 204

Spend Matters

JANUARY 8, 2024

In no order of preference, other than by the date they arrived in our inbox, today let’s hear from Sushank Agarwal, Managing Director of INVERTO. As businesses seek greater control over risk, sustainability, availability and costs, some businesses are contemplating full backward integration in the value chain.

Procurement solutions 71

Procurement solutions Supply Chain Optimization Procurement Supply Chain Efficiency 71

Empowering CPO

DECEMBER 9, 2020

Baseline can be defined as the total cost of ownership for the set of goods or services as defined in the RFP scope. Extrapolating Total Cost of Ownership because of change in projected quantity or Service Levels. Making appropriate assumptions in absence of data.

Data 52

Data Cost of ownership Strategic sourcing Strategic sourcing 52

Procurement Tactics

MARCH 29, 2023

People Pillar The people pillar of sustainability covers all the issues that are associated with the personnel management functions of a company. When we talk about this pillar, it focuses on three dimensions which are the Corporate, Character, and Community dimensions. The need to make an effective team is a requisite of a solid pillar.

Sustainability 130

Sustainability Supply Chain Efficiency Ethics Cost of ownership 130

Skill Dynamics

NOVEMBER 17, 2022

Any professional footballer will tell you that improvements are driven by a whole host of people – the managers in the dugout, the physios in the recovery room, the strategists ready to adapt and fine tune training plans to push the team to the next level. Carve out time for one-on-ones between learners and managers.

supply chain budgeting 96

supply chain budgeting Cost of ownership Supplier negotiation Supply chain 96

SCMDOJO

JULY 29, 2022

That the only relevant costs are holding costs, setup and ordering costs : [3]. We recommend taking a very detailed course by SCMDOJO Expert Corey Weekes on T otal Cost to Ownership & Serve. Author : Emad Atef – CSCA, MBA (Candidate), Procurement and Sourcing Manager. References. Bowersox, David J.

Quantity 104

Quantity Supply chain management Supply chain management Supply Chain Efficiency 104

Una

MARCH 16, 2023

If the procurement team in this example had more influence, the logistics manager wouldn’t have dreamed of making this sort of decision without first engaging them. Communicate effectively Procurement professionals need to communicate effectively with stakeholders, including senior management and heads of other departments.

Influencing 105

Influencing Procurement Cost of ownership Supplier relationship management 105

Procurement Tactics

SEPTEMBER 21, 2022

Businesses of all sizes need to save money and reduce costs as much as possible. Sustainability in procurement helps reduce the total cost of ownership through the reduction of energy costs, minimized consumption, over-specification, and environmental and social compliance cost. Risk reduction.

Sustainability 188

Sustainability Procurement Cost of ownership Suppliers 188

Empowering CPO

FEBRUARY 20, 2023

Along with cost efficiency, the quality should also improve and the evaluation is more on the Total Cost of Ownership and not only on price. Increasing spending under management : As is true with most organizations and even mature procurement organizations, not all spending is under their management.

Procurement 52

Procurement Cost of ownership Category management Sourcing 52

IBM Supply Chain Blog

AUGUST 1, 2023

Here are five things you need to know about how IBM Cloud is helping clients make the right workload-placement decisions based on resiliency, performance, security, compliance and total cost of ownership. Addressing risks, evolving compliance standards and new regulatory dynamics in highly regulated industries Recently, the U.S.

Innovation 67

Innovation Cost of ownership Risk Data 67

IBM Supply Chain Blog

AUGUST 24, 2023

James opens the mobile device management software that his company is using, immediately finds Robert’s iOS smartphone in the tool, and does a remote wipe. What James has done with Robert’s lost iOS smartphone is part of mobile device management (MDM). Both MDM and MAM are part of unified endpoint management solutions.

Cost of ownership 66

Cost of ownership Data Management Strategy 66

Empowering CPO

NOVEMBER 12, 2020

To answer these questions it is important to summarize and define Procurement Market Intelligence & Analytics Services, it is also important to summarize typical role of a category manager and KPI’s of an ideal Procurement Organization. Role of category manager & KPI’s of an ideal procurement organization. Sourcing roadmap.

Category management 52

Category management Cost of ownership Procurement Strategic sourcing 52

ivalua

JULY 15, 2015

Strategic sourcing requires an intense focus on the total cost of ownership, while incorporating customer needs, organizational goals, and market conditions. The processes and strategies driving supply chain management success are evolving and strategic sourcing is being redefined. Are you evolving with the times?

Strategic sourcing 147

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 147