Skill Dynamics

APRIL 24, 2025

Procurement Academy Understand how tariffs affect supplier negotiations, total cost of ownership, and sourcing strategies. Content covers everything from classification and documentation to regulatory updates, designed for both experts and awareness-level learners.

Strategy 82

Strategy Agile and Lean Supply Chain Cost of ownership Supplier negotiation 82

Jaggaer

FEBRUARY 5, 2025

They instantly compare bids based on predefined criteria, such as the lowest bid, pricing tiers, or total cost of ownership, and rank the suppliers accordingly. Negotiation & Contract Award – Once a supplier is selected, the process of finalizing the award and drawing up the contract begins.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

Jaggaer

FEBRUARY 5, 2025

Mastering Strategic Sourcing: Efficiency and Cost Savings in Procurement Strategic sourcing is a data-driven approach that focuses on long-term supplier partnerships rather than one-time cost reductions. Key elements include total cost of ownership (TCO) analysis, supplier relationship management, and category management.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Real-time Visibility 52

Jaggaer

FEBRUARY 5, 2025

That means negotiating a medium to long-term contract to support security of supply and having a contingency plan in place in the event of problems. Typically, there are few suppliers, so you are likely to source from a vendor that you can be sure is reliable and you negotiate long-term contracts to support security of supply.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Efficiency Sourcing 52

Procurement Software

MAY 18, 2025

They can even suggest alternative language for negotiation. These tools centralise contract creation, negotiation, and management. Consider total cost of ownership. Upload contract documents and ask specific questions about terms, obligations, or risks. LLMs can highlight important clauses and flag potential issues.

Procurement 52

Procurement Contract Cost of ownership Budget 52

TYA Suite

MAY 13, 2025

This is why procurement cost reduction is not just an option; its a necessity. By reducing procurement costs, businesses can increase profit margins without raising prices or cutting corners. Simple changes like consolidating suppliers, negotiating better contracts, and improving order planning can lead to real savings over time.

Strategy 40

Strategy Import Procurement Raw materials 40

TYA Suite

JUNE 2, 2025

While procurement includes the full scope of sourcing, negotiating, contracting, and managing supplier relationships, the buying process focuses mainly on the operational steps like raising purchase requests, placing orders, and handling payments. Purchasing executes that plan by completing the actual transactions.

Purchasing 40

Purchasing supply chain budgeting Purchase orders Quantity 40

Jaggaer

FEBRUARY 5, 2025

Total cost analysis (how much does it cost to provide those goods or services?) Negotiation with suppliers implies direct human interactions: face-to-face, by phone or email etc. We also now break down the negotiation stage into sourcing and final negotiation of contracts.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

ivalua

MAY 21, 2025

Disconnected systems and inconsistent processes can lead to incomplete or fragmented spend and supplier information, not to mention limited visibility across business units, This complicates policy enforcement and negotiations, leading to inconsistencies. What ROI can I expect from digital procurement?

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain e2e 130

Arkestro

NOVEMBER 12, 2024

Today’s procurement challenges go far beyond cost negotiations and sourcing. Businesses must now navigate sustainability, risk management, and total cost of ownership (TCO)—which now are shifting more spend into the “defer” or “ignore” buckets.

Procurement 52

Procurement Bidding Procurement team Supply Chain Efficiency 52

Planergy

FEBRUARY 24, 2025

Educational leaders use strategic procurement to negotiate favorable contracts, explore innovative solutions, and drive institutional efficiency. Contract Negotiation Skilled negotiation helps educational institutions secure favorable terms, competitive pricing, and flexible agreements that adapt to changing institutional needs.

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

Procurement Insights

MARCH 17, 2025

I received an email a few moments ago with the headline – NEWS: Beroe Acquires nnamu to Turbocharge Procurement Negotiations with Game Theory and AI. However, I am very familiar with a ProcureTech solution provider named ProPurchaser, which also, as I see it, “turbocharges” negotiations.

Negotiation 52

Negotiation Procurement team Real-time Visibility Cost of ownership 52

Supply Chain Game Changer

FEBRUARY 5, 2025

Outsourcing logistics allows companies to leverage these advanced systems and data analytics capabilities without the high costs of ownership. Cost Savings and Efficiency Outsourcing logistics to specialists can drive significant cost savings and improved efficiency.

Logistics 52

Logistics Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 52

Skill Dynamics

APRIL 24, 2025

While each has its own responsibilities, both share a common goal: ensuring that the organization has what it needs, when it needs it, at the right cost and quality. Procurement professionals focus on sourcing goods and services, negotiating with suppliers, and managing contracts.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

Planergy

MAY 8, 2025

4][5] Advanced Analytics Powers Strategic Decisions: More than 50% of procurement leaders are actively using analytics to track spend trends, uncover savings, and negotiate better termstransforming procurement into a strategic business partner. [3][6] 9] Risk mitigation is another driver.

Strategy 52

Strategy Real-time Visibility Procurement Agile and Lean Supply Chain 52

SCMDOJO

APRIL 11, 2025

Struggling with the true cost of ownership or serving your customers? From Data to Action: Interpreting and Improving using SCMDOJO’s Procurement and Supply Chain Scorecard Heres how to assess performance and take corrective action: High TCO: Assessment: Are hidden costs (logistics, maintenance) driving up the total?

Supply Chain KPIs 72

Supply Chain KPIs Agile and Lean Supply Chain Supply Chain Efficiency supply chain software solutions 72

Spend Matters

APRIL 24, 2025

For years, procurement success was largely measured in cost savings. While reducing expenses remains important, digital transformation extends procurement’s role far beyond price negotiations. Traditionally, procurement teams focused on Total Cost of Ownership (TCO), aiming to reduce direct expenses related to goods and services.

Procurement 77

Procurement Procurement team Suppliers Sourcing 77

Jaggaer

JANUARY 23, 2025

Under the current World Trade Organization (WTO) system, countries negotiate tariff reductions between themselves and then apply those reduced tariffs equally to all other WTO members: the system known as Most Favored Nation (MFN). The EU has leverage but its suppliers dont Reciprocity means a return to bilateral trade negotiations.

Export 52

Export Supply Chain Efficiency Raw materials supply chain budgeting 52

Positive Purchasing

APRIL 3, 2025

However, in order to do this President Trump needs to compel the other players to come to the negotiating table and show that in uncertain terms, he is ready to pursue alternative strategies. Let battle commence negotiate price hikes down. There are four steps to take: Map the biggest impacts. Draw up three battle plans.

Negotiation 52

Negotiation Procurement supply chain budgeting Price 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 105

Cost of ownership Procurement Supply Chain Optimization Price 105

Pipefy

MAY 22, 2024

A brief introduction to total cost of ownership (TCO) Total cost of ownership refers to all of the expenses that are incurred when purchasing, implementing, deploying, maintaining, and using a product, tool, or equipment. This also includes any time costs associated with downtime, training, or other productivity losses.

Cost of ownership 52

Cost of ownership Purchasing supply chain software solutions Supply Chain Optimization 52

Procurement Tactics

MAY 2, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainability in Specifications — Embracing Sustainability Sustainability in specifications allows businesses to ensure that they are following their sustainable requirements to achieve success in sustainability.

Sustainability 204

Sustainability Procurement strategies Negotiation Ethics 204

SCMDOJO

JULY 3, 2023

Procurement training equips you to excel in the corporate world by teaching you everything from supplier dynamics to negotiating strategies. Competences are necessary in procurement and purchasing This free online procurement course with a certificate is not only free of cost but also a great source for procurement training for beginners.

Cost of ownership 98

Cost of ownership Procurement Category management supply chain software solutions 98

Procurement Tactics

APRIL 3, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter How Companies Can Benefit From Sustainable Procurement Many businesses are shifting towards sustainability due to the perceived benefits when applied to the actual processes in procurement and supply chain.

Sustainability 183

Sustainability Procurement Supply Chain Efficiency Procurement strategies 183

Procurement Tactics

APRIL 5, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Procurement Business Drivers — Embracing Sustainability Sustainable procurement business drivers are the factors why many businesses embrace sustainability within their operations.

Sustainability 187

Sustainability Procurement Supply Chain Efficiency Negotiation 187

Procurement Tactics

SEPTEMBER 21, 2022

Want to take your negotiation results to the next level? Cost reduction. Businesses of all sizes need to save money and reduce costs as much as possible. Businesses of all sizes need to save money and reduce costs as much as possible. Negotiation Gamechanger Certificate Program. Editor's note: Hi there!

Sustainability 188

Sustainability Procurement Cost of ownership Suppliers 188

Procurement Tactics

SEPTEMBER 7, 2022

Want to take your negotiation results to the next level? 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. Cost reduction. Editor's note: Hi there!

Sustainability 163

Sustainability Procurement Cost of ownership Supply Chain Efficiency 163

Procurement Tactics

SEPTEMBER 15, 2022

Want to take your negotiation results to the next level? Negotiate sustainability with your suppliers. Use the Total Cost of Ownership (TCO) approach when buying. A total cost of ownership assessment adds the financial costs over a product or service’s life cycle. Editor's note: Hi there! ENROLL NOW.

Purchasing 130

Purchasing Sustainability Cost of ownership Supply Chain Efficiency 130

Una

NOVEMBER 1, 2022

Also called supply chain management, this big-picture perspective focuses on more “upstream processes” such as sending out Requests for Proposals (RFPs), bid evaluation and selection, and contract negotiations. TCO takes into account the long-term costs and expenses incurred during a product’s useful life and eventual disposal.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

Procurement Tactics

MARCH 29, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Pillars of Sustainability — Everything About Sustainability The pillars of sustainability should be embedded into an organization’s strategy to achieve sustainability. However, what are these pillars? Enroll now!

Sustainability 130

Sustainability Supply Chain Efficiency Ethics Cost of ownership 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 141

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 141

Procurement Templates

JUNE 18, 2023

Here are some strategies and practices that can be implemented: Long-term contracts: Procurement teams can negotiate long-term contracts with suppliers that include price adjustment mechanisms. These mechanisms can be tied to inflation indices or specific cost drivers, allowing for adjustments in prices based on changes in inflation.

Procurement 130

Procurement Supply Chain Efficiency Raw materials supply chain budgeting 130

SCMDOJO

JUNE 6, 2024

Start with the Basics: Master the procurement fundamentals with introductory courses in this procurement training covering key concepts like sourcing strategies, negotiation tactics, and contract management. Whether you’re a complete beginner or a seasoned professional seeking to upskill, we have courses tailored to your needs.

Procurement 105

Procurement Supply Chain Optimization Supply Chain Efficiency Ethics 105

Skill Dynamics

NOVEMBER 17, 2022

These can take many forms, for example implementing a new process or tool that will help with supplier negotiations, being involved earlier by the stakeholder in an RFP process, or using total cost of ownership (TCO) analysis to select a supplier.

supply chain budgeting 96

supply chain budgeting Cost of ownership Supplier negotiation Supply chain 96

Skill Dynamics

JULY 19, 2024

This might seem straightforward, but a thorough assessment can uncover areas where you can consolidate purchases, standardize specifications or negotiate better terms. Before beginning, set clear procurement objectives, focusing on areas such as cost reduction, quality improvement, fostering innovation and risk management.

Procurement strategies 90

Procurement strategies Strategy Procurement supply chain budgeting 90

SCMDOJO

FEBRUARY 13, 2023

The procurement department encompasses all steps in acquiring goods, services, and works from external suppliers and performs various functions such as managing the procurement process, developing strong relationships with internal stakeholders, and negotiating contracts. Research other options to source the best value products and services.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Contract 87

Empowering CPO

FEBRUARY 20, 2023

Negotiation is one of the key steps during any Strategic Sourcing process. Procurement organizations and sourcing companies adopt different methods to negotiate prices with vendors. Lotting Strategy is designed when negotiation is conducted using Reverse Auction tools. What is Lotting Strategy?

Strategy 52

Strategy Cost of ownership Strategic sourcing Strategic sourcing 52