Procurement Tactics

APRIL 5, 2023

Sustainability in procurement is defined as the acquisition of goods and services in an environmentally-friendly manner to fulfill the needs of the company for its daily operation and supply chain. Sustainability helps improve the financials and future-proof the organization against a range of risks that can disrupt supply chains.

Sustainability 187

Sustainability Procurement Supply Chain Efficiency Procurement strategies 187

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. Strategic sourcing is a holistic approach to developing supply channels that consider all activities within a procurement cycle to secure the best goods and services for the business.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

Procurement Tactics

SEPTEMBER 7, 2022

Sustainable procurement, also known as green procurement, refers to the process of integrating environmental, social, and governance goals into the procurement and supply chain. . In simple terms, sustainable procurement refers to how businesses can identify and reduce the environmental impacts in their supply chain.

Sustainability 163

Sustainability Procurement Cost of ownership Supply Chain Efficiency 163

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

SCMDOJO

JUNE 6, 2024

Career Advancement: The track is designed to prepare individuals for junior and middle management roles in procurement, providing a clear path for career progression. Watch Procurement Jobs in Future I The Supply Chain Show video on SCMDOJO YouTube Channel!

Procurement 82

Procurement Supply Chain Optimization Supply Chain Efficiency Ethics 82

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. This is where AI can come into its own, allowing procurement to establish full price transparency and scrutinize vendor requests to determine whether price increases were overly inflated.

Procurement solutions 69

Procurement solutions Supply Chain Optimization Procurement Supply Chain Efficiency 69

SCMDOJO

JULY 29, 2022

The objectives and advantages of Economic Order Qty (EOQ) are to minimize inventory carrying costs and ordering costs while simultaneously limiting the probability of stock out to avoid any lost sales or customer loss. Like safety stock calculations , EOQ is one of the most important equations in supply chain planning.

Quantity 106

Quantity Supply chain management Supply chain management Supply Chain Efficiency 106

Supply Chain Game Changer

NOVEMBER 19, 2018

In the book, The Living Supply Chain , the authors argue that, “Speeding up the supply chain is at the root of everything that is good: improved revenue, reduced working capital, higher profitability, and less obsolete inventory. Digital transformation of the supply chain will change everything – for the better.

Supply Chain Efficiency 45

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 45

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 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Empowering CPO

FEBRUARY 11, 2024

At EmpoweringCPO, we understand the pivotal role it plays in optimizing the supply chain, reducing costs, and fostering long-term competitiveness. Consulting firms like ours leverage cutting-edge tools and analytics to gain deep insights into market trends, supplier performance, and cost structures.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

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. Automation increases efficiency and reduces errors, leading to faster and more accurate procurement cycles.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

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 54

Risk Management Real-time Visibility e2e 54

Una

OCTOBER 12, 2023

Understanding Offshoring, Onshoring, Nearshoring, and Rightshoring in Procurement Explore the nuances between offshoring and other approaches to procurement and how each one can impact the bottom line, supply chain resilience and overall strategic objectives. Nearshoring Nearshoring falls somewhere between onshoring and offshoring.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply chain resilience supply chain budgeting 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

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

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. Enable data sovereignty.

Cost of ownership 61

Cost of ownership Data Innovation Management 61

NLPA (Next Level Purchasing Association)

OCTOBER 17, 2022

Continuous Improvement and Risk Management Systems have long been essential to realizing supply chain and organizational success. This is especially true at a time when organizations are preoccupied with ensuring reliable supply lines, cost reduction, risk mitigation, business continuity, and so on. .

supply chain budgeting 52

supply chain budgeting Risk Agile and Lean Supply Chain Risk management 52

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

Jaggaer

APRIL 22, 2019

Procurement teams are in a unique and important position to drive such initiatives forward as these improvements are only possible through actions taken in the supply chain. And there’s a payoff: procurement teams are most concerned with cost savings and risk management, both of which can be addressed by sustainable procurement.

Sustainability 91

Sustainability Supply Chain Efficiency Procurement supply chain software solutions 91

Una

OCTOBER 9, 2023

DOWNLOAD PLAYBOOK Table of Contents Introduction In procurement and supply chain, staying ahead of the game is not just a goal – it’s a necessity. Strategic sourcing takes into account a few key concepts: Total Cost of Ownership TCO shows how strategic sourcing looks beyond the initial purchase price.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 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

Supply Chain Trend

DECEMBER 22, 2023

2% of managers apply best practice decision methods. In the end, IBP is a philosophy, or belief system that strives for transparency, near perfect integration and alignment, both horizontal (between functions, BUs, even companies) and vertical (between strategy, planning and execution).

Supply Chain Efficiency 78

Supply Chain Efficiency Supply Chain Optimization Quality supply chain budgeting 78

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

Una

JANUARY 8, 2024

We’re seeing the tactical, day-to-day aspects of procurement increasingly automated as artificial intelligence gets smarter, meaning an old-school purchasing manager risks obsolescence. The initial investment pays off not just in the quality of prints but in lower servicing costs and a nod to sustainability.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Agile and Lean Supply Chain Purchasing 52

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 62

Cost of ownership Data Management Strategy 62

Supply Chain Collaborator

APRIL 7, 2016

Choose the stodgy, uninspired logistics IT solution provider with the middling results/poor cost efficiency it delivers and you’ll be remembered as lacking vision. You can select the perfect logistics IT platform for your specific needs at a cost that is completely transparent and without nasty “hidden cost” surprises.

Cost of ownership 61

Cost of ownership Buyers Logistics Change management 61

TYA Suite

DECEMBER 16, 2022

Because it lets the management execute these functions and increase the value they offer to the company. And it helps the organization to function efficiently. Procurement involves aspects such as finding the right supplier, analyzing the pricing, supply chain, etc. Why does the distinction matter?

Purchasing 52

Purchasing Procurement Eprocurement Cost of ownership 52

IBM Supply Chain Blog

NOVEMBER 8, 2023

I am excited to announce, therefore, that a few months ago I took on the role of IBM Power general manager. SAP is accelerating this journey by offering the current ERP, S/4HANA, as a managed service offering with SAP RISE. which will deliver the underpinnings for watsonx.ai, IBM’s next-generation AI studio. Read more here.

Leadership 93

Leadership Data Cost of ownership Strategy 93

ivalua

FEBRUARY 25, 2021

Best-in-Class for Healthcare Supply Chain Management? Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Procurement Software

MARCH 11, 2022

Examples such as IT infrastructure, facilities management, machinery & equipment capex. These often rely on procurement professionals’ negotiation skills to avoid costs that otherwise would hit the company’s budget. White space savings (freeing up someone’s time and increasing operational efficiency).

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Procurement Software

MARCH 11, 2022

Examples such as IT infrastructure, facilities management, machinery & equipment capex. These often rely on procurement professionals’ negotiation skills to avoid costs that otherwise would hit the company’s budget. White space savings (freeing up someone’s time and increasing operational efficiency).

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

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. In this guide, we’ll explore the key principles of category management and how it can benefit your organization. Read More: What Does a Procurement Manager Do?

Category management 78

Category management Management Supplier relationship management supply chain software solutions 78

Supply Chain Collaborator

FEBRUARY 24, 2017

Your TMS still requires too much manual intervention to manage exceptions in the freight payment process. Sadly, many of the updates do nothing to improve your operational efficiency. Your TMS hides total cost of ownership by charging a premium to train new employee/users, carriers, vendors, etc.

Cost of ownership 60

Cost of ownership Bidding Logistics Price 60

IBM Supply Chain Blog

AUGUST 11, 2023

But they are also focusing on cost allocation and expecting greater cost discipline from their CIOs and IT teams, leading CIOs to face increasing pressure to justify their expenditures and keep track of spending. IT cost management has grown in importance because cost control is top of mind for every organization across all industries.

Import 75

Import Management Budget Real-time Visibility 75

Supply Chain Game Changer

MARCH 6, 2019

Subscribe to Supply Chain Game Changer. Due to globalization, growing consumer demands on transparency, the pertinence of sustainable development and technological advancements, procurement and supply chain professionals have been highlighted as an integral part of their organizations. Subscribe Here!

Procurement 50

Procurement Procurement team Supply Chain Efficiency Innovation 50

IBM Supply Chain Blog

APRIL 5, 2024

Part 2 of this four-part series discusses the complex tasks energy utility companies face as they shift to holistic grid asset management to manage through the energy transition. The first post of this series addressed the challenges of the energy transition with holistic grid asset management.

Data 64

Data Management Cost of ownership Budget 64

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. Greater transparency: Real-time tracking of procurement activities allows for better monitoring and control of the entire process.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52