Planergy

SEPTEMBER 8, 2022

How AP can improve relationships with your key suppliers. 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. Written by.

Suppliers 52

Suppliers Management Supplier relationship management supply chain budgeting 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

JULY 3, 2023

Procurement training equips you to excel in the corporate world by teaching you everything from supplier dynamics to negotiating strategies. Choose between a broad overview of procurement and a focused course that focuses on certain topics like strategic sourcing, contract management, or supplier relationship management.

Cost of ownership 81

Cost of ownership Procurement Category management supply chain software solutions 81

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. This can arise from bad supplier practices such as local pollution and child labor. . Cost reduction. Supplier-based approach.

Sustainability 163

Sustainability Procurement Cost of ownership Supply Chain Efficiency 163

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.

Category management 77

Category management Management Supplier relationship management supply chain software solutions 77

Procurement Templates

SEPTEMBER 14, 2023

Procurement, often considered the gateway between an organization and its suppliers, plays a central role in this transformation. This involves selecting suppliers and partners who are committed to ethical and eco-friendly practices. Moreover, transparency and communication are critical in supplier relationships.

Sustainability 130

Sustainability Supply Chain Efficiency Procurement Ethics 130

Una

NOVEMBER 1, 2022

These “back-office” workers were seen primarily as clerical support, entering and tracking purchase orders and researching suppliers. And, like Milton, management assumed procurement people were happily left alone in dank office spaces, content having their red staplers by their side. Increased cost savings.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

Procurement Tactics

MAY 2, 2023

Thus, ensuring that all your suppliers and processes can meet your sustainability goals. It involves selecting suppliers that meet the sustainable criteria or standards of your company, with the goal of promoting sustainable development and reducing negative environmental and social impacts.

Sustainability 204

Sustainability Procurement strategies Negotiation Ethics 204

World of Procurement blog

APRIL 23, 2024

It helps in achieving better cost management and savings, improving supplier relationships, ensuring the quality of goods and services, and mitigating risks associated with supply chain disruptions. Market Analysis: Understand the market dynamics, supplier landscape, and trends affecting your procurement needs.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

World of Procurement blog

APRIL 23, 2024

It helps in achieving better cost management and savings, improving supplier relationships, ensuring the quality of goods and services, and mitigating risks associated with supply chain disruptions. Market Analysis: Understand the market dynamics, supplier landscape, and trends affecting your procurement needs.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

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

ivalua

OCTOBER 28, 2015

Suppliers have never been more important. Driven by a desire by manufacturers to insulate themselves from spiraling labor costs, manufacturers shifted production of parts and components into the supply chain. Your suppliers can be a competitive advantage or a burden that keeps you from growing. Create a specific data map.

Suppliers 100

Suppliers Cost of ownership Collaboration Price 100

Procurement Templates

JUNE 18, 2023

Central banks and governments often aim to manage inflation to maintain price stability and promote economic growth. Money buys less than before How should procurement manage inflation? ChatGPT Procurement departments can take several steps to manage inflation effectively.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

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

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. Implementation: Setting minimum and stretch savings targets for cost optimization initiatives is key.

Cost optimization 69

Cost optimization Cost of ownership Procurement Strategy 69

Procurement Tactics

SEPTEMBER 21, 2022

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 is linked with all the suppliers of an organization it chooses to partner with. Risk reduction. Revenue growth.

Sustainability 188

Sustainability Procurement Cost of ownership Suppliers 188

Empowering CPO

FEBRUARY 20, 2023

Factors affecting the success of a Lotting Strategy When the stakes are high for both buyers and suppliers the Lotting Strategy plays a very critical role in ensuring success and eventually higher savings. This helps to achieve higher strategic sourcing project savings and support category management on an ongoing basis.

Strategy 52

Strategy Cost of ownership Strategic sourcing Strategic sourcing 52

Empowering CPO

FEBRUARY 11, 2024

Consulting firms like ours leverage cutting-edge tools and analytics to gain deep insights into market trends, supplier performance, and cost structures. By harnessing the power of data, organizations can identify opportunities for cost optimization, risk mitigation, and process efficiency.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 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. About Ivalua.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Buyers 130

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. Index-linked clauses with key suppliers can also be used to ensure fairness and balanced exposure for all parties.

Procurement solutions 68

Procurement solutions Supply Chain Optimization Procurement Supply Chain Efficiency 68

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

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.

Category management 52

Category management Management Procurement Market analysis 52

Procurement Tactics

APRIL 3, 2023

Business sustainability, also known as corporate sustainability , is the management and coordination of environmental, social, and economic demands. Social Benefits For social benefits, the number one is working with suppliers who engage with communities to ensure a better life for all the people working for the supplier.

Sustainability 183

Sustainability Procurement Supply Chain Efficiency Procurement strategies 183

Una

MARCH 16, 2023

Just calling to let you know we’re selling the current motor pool vehicles and will be switching to a cheaper supplier for our commercial fleet.” 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. It’s Joe from logistics.

Influencing 105

Influencing Procurement Cost of ownership Supplier relationship management 105

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation. This results in better negotiation outcomes, improved quality, reduced costs, and enhanced overall value delivery.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Skill Dynamics

OCTOBER 19, 2023

Nonetheless, there is a whole lot more to opimizing procurement processes than just cutting costs and then increasing efficiencies. Your business needs a broader vision to address sustainability, deliver on risk management and resilience challenges, nurture buyer and supplier relationships, as well as meet procurement excellence.

Supply Chain Optimization 52

Supply Chain Optimization Strategy Procurement Vendor management 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

Empowering CPO

MAY 4, 2023

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. Supplier management systems: Tools that help track, evaluate, and manage supplier relationships and performance.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

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

SCMDOJO

JULY 29, 2022

That there are no constraints on lot size : Suppliers do sometimes request a minimum order quantity or the stock keeping unit comes in a specific package with a specific quantity. So, the calculated Economic Order Qty (EOQ) might be a small value, while the minimum order quantity by the supplier might be a higher value. References.

Quantity 105

Quantity Supply chain management Supply chain management Supply Chain Efficiency 105

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

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

Supply Chain Game Changer

NOVEMBER 23, 2018

In any company or industry that sells products the cost of the raw materials and components is often the single largest expense. Despite the magnitude of this cost however there is a wide range of focus put on managing this expenditure from proactive and strategic to reactive and tactical. How do you manage your materials spend?

Category management 61

Category management Strategy Raw materials Management 61

ivalua

JULY 15, 2015

Since its inception in the late 1980s, strategic sourcing has always been about getting the best value for the goods and services purchased from third party suppliers. Strategic sourcing requires an intense focus on the total cost of ownership, while incorporating customer needs, organizational goals, and market conditions.

Strategic sourcing 147

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 147

NLPA (Next Level Purchasing Association)

JANUARY 17, 2023

Moreover, “Pricing” management remains critical. They all include enhancements of: Spend Management. The underpinning of effective spend management is the capacity to formulate and execute an Annual Buying Plan. Decisions around Supplier Selection. Unfortunately, it is not usually an easy task to select a supplier.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Spend management Cost of ownership 52

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

To succeed in this field, procurement professionals must possess a variety of competencies, ranging from negotiation and supplier management to risk assessment and financial analysis. Improve spend management by implementing a buying plan Effective spend management is crucial for any organization’s financial health.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

SCMDOJO

FEBRUARY 13, 2023

This department manages the selection, acquisition, and payment of goods and services needed to run a business. To get the most out of any procurement team, all the associated key roles need to be filled with qualified individuals that understand both technology and the principles of supply chain management.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87