Procurement Tactics

MAY 2, 2023

Environmental benefits Reduction in Energy Consumption Reduction of waste Reduce carbon emissions Improve resource efficiency Limits the negative impacts of purchasing from non-certified sources Restoration of biodiversity Protection of wildlife 2. Procurement Strategy Course Take the lead with our proven 5-step procurement strategy 3.

Sustainability 204

Sustainability Procurement strategies Negotiation Ethics 204

Una

OCTOBER 9, 2023

How to Implement a Strategic Sourcing Process A play-by-play manual showing how to implement a strategic sourcing process that aligns with your organization’s goals, optimizes spend, and creates long-term value. At its core, strategic sourcing formalizes the process of finding, assessing, and choosing suppliers.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Tactics

APRIL 3, 2023

Procurement Strategy Course Take the lead with our proven 5-step procurement strategy 3. Additionally, moving towards more renewable sources of energy reduces the dependency on using fossil fuels as well as helps reduce carbon emissions. CERTIFICATE COURSES Related courses about this subject 1.

Sustainability 183

Sustainability Procurement Supply Chain Efficiency Procurement strategies 183

Procurement Tactics

APRIL 5, 2023

Procurement Strategy Course Take the lead with our proven 5-step procurement strategy 3. Additionally, adopting sustainability in procurement allows businesses to lead in reversing the damage done to the earth. CERTIFICATE COURSES Related courses about this subject 1.

Sustainability 187

Sustainability Procurement Supply Chain Efficiency Procurement strategies 187

Procurement Tactics

SEPTEMBER 7, 2022

What is Sustainable Procurement? Before we tackle sustainable procurement, let’s have a recall of procurement if you have ever forgotten it. Procurement, in simple terms, is the act of sourcing and acquiring services or goods for the organization to run. . The total cost of ownership. Cost reduction.

Sustainability 163

Sustainability Procurement Cost of ownership Supply Chain Efficiency 163

Una

OCTOBER 12, 2023

Defining the terms Onshoring Onshoring, also known as reshoring, refers to the practice of bringing business operations or sourcing back to the home country. This strategy aims to leverage local resources , reduce supply chain risks, and stimulate the domestic economy. Offshoring Offshoring is the opposite of onshoring.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply chain resilience supply chain budgeting 52

Empowering CPO

MAY 4, 2023

With the growing emphasis on sustainability, ethical sourcing, and digital transformation, procurement is no longer just about cost reduction; it’s an essential function that can provide a strategic advantage to modern businesses. Develop a Comprehensive Procurement Strategy A.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

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

Skill Dynamics

MARCH 12, 2024

Throughout the course, attendees will learn about the importance of accurate and detailed information to make informed decisions in cost optimization strategies. Calculating the Cost Breakdown: This process involves working with cost, finance, logistics and manufacturing process experts.

Cost optimization 69

Cost optimization Cost of ownership Procurement Strategy 69

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

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

Procurement Tactics

SEPTEMBER 15, 2022

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. This course is a perfect fit for ambitious procurement & sourcing professionals. Negotiation Gamechanger Certificate Program.

Purchasing 130

Purchasing Sustainability Cost of ownership Supply Chain Efficiency 130

Procurement Tactics

SEPTEMBER 21, 2022

Businesses of all sizes need to save money and reduce costs as much as possible. 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 reduction. LEARN MORE.

Sustainability 188

Sustainability Procurement Cost of ownership Suppliers 188

Procurify

MAY 12, 2022

One focuses on transactional functions, for example, while the other focuses on the strategic process of product sourcing. In this guide, we clarify any confusion on the difference between procurement and purchasing, and deep dive into each area. What is procurement? An effective procurement strategy can do many things.

Purchasing 52

Purchasing Procurement Purchase orders Cost of ownership 52

Procurement Templates

JUNE 18, 2023

Procurement professionals should consider diversifying their supplier base to have alternative options available. Strategic sourcing: Adopting strategic sourcing practices enables procurement to analyze the entire supply chain and identify cost drivers.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

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

JANUARY 8, 2024

Boosting Business Growth With the Help of a Group Purchasing Organization A playbook for boosting business growth, moving beyond the outdated perceptions of procurement, and turning it into one of your organization’s most important sources of value. How can procurement help? But don’t worry, we’ve got you covered.

supply chain budgeting 52

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

Procurement Tactics

MARCH 29, 2023

For you to generate a sustainable profit, it is crucial for a company to have an effective sales stream, a service that generates genuine value for its customers, and a strategy to ensure the highest possible return. Transparency is the basis for stakeholders to collaborate to achieve sustainability.

Sustainability 130

Sustainability Supply Chain Efficiency Ethics Cost of ownership 130

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

SCMDOJO

FEBRUARY 13, 2023

Supporting the organization’s goals through effective strategies: The procurement team supports the organization by monitoring supply markets and trends, identifying critical materials, and developing effective procurement strategies to increase competitiveness.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

Una

MARCH 16, 2023

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.

Influencing 105

Influencing Procurement Cost of ownership Supplier relationship management 105

Empowering CPO

JULY 16, 2023

Managed procurement services can be defined as an external service that helps streamline a company’s acquisition processes, offering an end-to-end solution that takes into account all aspects of procurement – from sourcing to payment.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Supply Chain Game Changer

NOVEMBER 13, 2018

As companies seek to discover ways to increase overall excellence and competitiveness, a new source of value has emerged – Strategic Sourcing. What is Strategic Sourcing? The fundamental objective of any organisation is lowering the cost of goods manufactured. The Evolution of Procurement’s Value Proposition.

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

Supply Chain Game Changer

MARCH 24, 2020

A natural starting point is the level of single, or sole sourcing, that is put in place. A sole source is a supplier selected because they are uniquely able to provide the materials or components, whether by virtue of intellectual property or other means of going to market with exclusivity. Taking Total Cost of Ownership Seriously.

Agile and Lean Supply Chain 82

Agile and Lean Supply Chain Supply chain Supply Cost of ownership 82

Una

SEPTEMBER 22, 2022

A guide to IT procurement for navigating the complex IT sourcing process in a way that drives organizational efficiencies and improves your bottom line. Comprehensive Guide to IT Procurement. Procurement embodies purchasing across a wide range of categories. Download Full Guide to IT Procurement. Look Beyond Cost.

Procurement 98

Procurement Real-time Visibility Contract Purchasing 98

Empowering CPO

JULY 16, 2023

Managed procurement services can be defined as an external service that helps streamline a company’s acquisition processes, offering an end-to-end solution that takes into account all aspects of procurement – from sourcing to payment.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

The Good Spending

NOVEMBER 5, 2021

These additions are most important when buyers consider remote locations as physical goods sources. TLC analysis requires a deep understanding of supply chain costs - customs, duties, tariffs, and 3PL services. Total Cost of Ownership (TCO) TCO considers all costs associated with acquiring, operating, and maintaining evaluating bids.

Procurement 52

Procurement Bidding Supply Chain Efficiency Contract 52

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. All Rights Reserved.

Category management 61

Category management Strategy Raw materials Management 61

Supply Chain Game Changer

MARCH 6, 2019

Organizations are ‘going carbon neutral by 2025’, and ‘implementing Artificially Intelligent business systems’ and ‘sourcing form solely environmentally friendly suppliers’. Initiatives are being put in place to make these statements a reality, but are these organizations agile enough to shift strategies, process and operations — for real?

Procurement 50

Procurement Procurement team Supply Chain Efficiency Innovation 50

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

Jaggaer

JULY 25, 2019

The percentage of organizations that have fully integrated procurement, using smart technologies, remains stuck at 2%, exactly where it was in 2017. The vast majority of organizations, even if they talk about “source to pay” or “purchase to pay” as though these were seamless process steps, store data from each step in a separate repository.

Data 45

Data Procurement Budget Cost of ownership 45