Skill Dynamics

OCTOBER 19, 2023

The Essentials of Procurement Optimization Taken at its most basic level, procurement optimization is simply the strategic process of improving every aspect of procurement operations. This involves aligning procurement strategies with the overall business objectives such as innovation, sustainability, and resilience.

Supply Chain Optimization 52

Supply Chain Optimization Strategy Procurement Vendor management 52

Procurement Tactics

SEPTEMBER 7, 2022

My name is Marijn Overvest, I'm the founder of Procurement Tactics. Want to take your negotiation results to the next level? The 3 Pillars of Sustainable Procurement. Sustainable procurement takes a 3-dimensional life cycle approach against the economic-focused approach. . The total cost of ownership.

Sustainability 163

Sustainability Procurement Cost of ownership Supply Chain Efficiency 163

Procurement Tactics

SEPTEMBER 15, 2022

My name is Marijn Overvest, I'm the founder of Procurement Tactics. 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. Very useful course, many actionable strategies". Editor's note: Hi there!

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

SEPTEMBER 21, 2022

From the buyer’s perspective, sustainability in procurement primarily consists of balancing three essential concepts which are the environment, society, and economy. . My name is Marijn Overvest, I'm the founder of Procurement Tactics. Want to take your negotiation results to the next level? Cost reduction. ENROLL NOW.

Sustainability 188

Sustainability Procurement Cost of ownership Suppliers 188

Skill Dynamics

MARCH 12, 2024

Identifying Opportunities: The course requires working with the members of the Strategic Cost Management team with specialist expertise to identify opportunities to reduce the key cost areas. Typical examples of common cost-saving opportunities include process improvements, supplier negotiations, and efficiency enhancements.

Cost optimization 69

Cost optimization Cost of ownership Procurement Strategy 69

Procurement Templates

JUNE 18, 2023

ChatGPT Procurement departments can take several steps to manage inflation effectively. 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.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Procurify

MAY 12, 2022

Procurement, on the other hand, is the process of sourcing and purchasing the goods and services a company needs to fulfill its business objectives, usually from an external source, like a third-party vendor or supplier. . An effective procurement strategy can do many things. Negotiation and vendor management.

Purchasing 52

Purchasing Procurement Purchase orders Cost of ownership 52

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. Enroll now!

Sustainability 130

Sustainability Supply Chain Efficiency Ethics Cost of ownership 130

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

These insights enable data-driven decision-making, negotiation strategies, and risk mitigation, leading to more informed procurement choices. 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

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.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

Empowering CPO

MAY 15, 2023

Procurement is not just a corporate department; it is a critical business function that has the potential to influence an organization’s profitability, operational efficiency, and strategic success. At its core, procurement is about acquiring the goods and services a company needs to fulfill its business model.

Procurement 52

Procurement Innovation Quality Real-time Visibility 52

Una

OCTOBER 9, 2023

Together, we’ll walk through the ins and outs of strategic sourcing, simplify its concepts, and arm you with the tools and knowledge you need to elevate your procurement strategy to the next level. Understand the importance of fostering collaborative negotiations that lead to mutually beneficial agreements.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

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

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

Empowering CPO

JUNE 27, 2023

The same holds true for procurement professionals striving to navigate the complexities of expenditure management without proper spend analysis. By analyzing and scrutinizing your spending patterns, you gain valuable insights that can revolutionize your procurement strategies.

Procurement 40

Procurement Supply Chain Optimization Supplier consolidation Suppliers 40

Supply Chain Game Changer

NOVEMBER 23, 2018

Supply Chain is about much more than just negotiating lower materials costs. A well constructed Procurement Strategy will raise the value of the Supply Chain to your company. Are you executing a Buying Strategy or are you just blindly placing purchase orders ? Environmental/Green strategies. Conclusion.

Category management 61

Category management Strategy Raw materials Management 61

Una

JANUARY 8, 2024

The exciting news is that the obsolescence of the old-school procurement pro has made room for a new type of Sourcing Hero: The Value Creator. The Value Creator knows how to align procurement with business objectives and get the best possible impact from their procurement strategy. Financial Value Show me the money!

supply chain budgeting 52

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

Empowering CPO

JULY 16, 2023

Procurement extends beyond simple purchasing to include activities such as sourcing, negotiation, contract management, and supplier relationships. Managed procurement, on the other hand, adopts a proactive, strategic, and holistic approach to procurement.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Una

SEPTEMBER 22, 2022

Depending on the way your procurement function is set up, you may be sourcing everything from the direct materials that make up your organization’s main product, down to the goods and services needed to keep office supplies in stock and the buildings maintained appropriately. Look Beyond Cost. Negotiate & Award Contract.

Procurement 98

Procurement Real-time Visibility Contract Purchasing 98

Empowering CPO

JULY 16, 2023

Procurement extends beyond simple purchasing to include activities such as sourcing, negotiation, contracts management, and supplier relationships. Managed procurement, on the other hand, adopts a proactive, strategic, and holistic approach to procurement.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

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.

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

Supply Chain Game Changer

MARCH 6, 2019

Here are 7 Trending Business Practices disrupting Traditional Procurement ! Sourcing has become an increasing business critical element of an overall procurement strategy. For this reason, traditional models of evaluating procurement value adders have begun to shift as well. Responsible Sourcing. Source: Deloitte 2018.

Procurement 50

Procurement Procurement team Supply Chain Efficiency Innovation 50