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

Empowering CPO

FEBRUARY 11, 2024

Procurement market intelligence is a key pillar of it, providing organizations with real-time information on supplier capabilities, emerging trends, and potential risks. 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

Procurement Templates

JUNE 18, 2023

ChatGPT Inflation refers to the general increase in prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. These indices track the average price changes of a basket of goods and services over time. What is inflation?

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

World of Procurement blog

MAY 8, 2024

Contract management involves coordinating and negotiating agreements to establish business relationships, draft contract terms that protect the company, properly execute contracts, monitor performance, and mitigate risks. Lease agreements - Contracts for renting equipment, real estate, vehicles, etc.

Contract management 52

Contract management Contract Management e2e 52

World of Procurement blog

MAY 20, 2024

With the right CLM solution in place, procurement can achieve end-to-end visibility into the contracting process, reduce cycle times, and eliminate inefficient manual tasks. Tracking and reporting - CLM platforms provide visibility into contract status, deadlines, obligations, and performance.

e2e 52

e2e Real-time Visibility Procurement Contract 52

Empowering CPO

MAY 4, 2023

By effectively managing the purchasing process, companies can better control their expenditures and optimize their supply chain, ensuring the availability of the right products and services at the right time. 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

Una

SEPTEMBER 22, 2022

The procurement process involves strategy, research, negotiation, and implementation to ensure your company is running efficiently and cost-effectively. It’s impossible to have the most current or newest application implemented at all times. Look Beyond Cost. Data Driven Decision Making.

Procurement 98

Procurement Real-time Visibility Contract Purchasing 98