Spend Matters

JANUARY 8, 2024

For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. Index-linked clauses with key suppliers can also be used to ensure fairness and balanced exposure for all parties.

Procurement solutions 74

Procurement solutions Supply Chain Optimization Procurement Supply Chain Efficiency 74

Una

JANUARY 30, 2023

Changing the Face of Procurement Tips for changing the face of procurement and how practitioners can combat outdated perceptions of the sourcing function. By Hugo Britt | January 31, 2023 Search A recent article from Chief Executive.net doesn’t pull any punches when it comes to perceptions of procurement.

Procurement 98

Procurement Cost of ownership Influencing Purchasing 98

Barkers Procurement

FEBRUARY 20, 2023

Strategic procurement is the process of acquiring goods and services in a way that aligns with the overall goals and objectives of an organisation. It involves taking a long-term view of the organization’s needs and making informed decisions about what to purchase, from whom, and at what cost. Strong supplier relationships.

Procurement 52

Procurement Cost of ownership Supplier negotiation Quantity 52

Una

MARCH 16, 2023

Pain Points in Procurement Series How to Build Procurement Influence and Why it Matters How to build procurement influence as a way to stay engaged with other business functions, drive value, and achieve more desirable outcomes. By Hugo Britt | March 16, 2023 Search Welcome to Una’s Pain Points in Procurement series.

Influencing 105

Influencing Procurement Cost of ownership Supplier relationship management 105

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

Skill Dynamics

MARCH 12, 2024

Leveraging Tools for Cost Optimization: Insights from Skill Dynamics Cost optimization is a critical aspect of effective procurement management. Making informed decisions, supporting profitability objectives, and aligning with strategic priorities are all positive impacts of cost optimization tools.

Cost optimization 69

Cost optimization Cost of ownership Procurement Strategy 69

Positive Purchasing

JANUARY 13, 2023

Here he looks at how we will power procurement for the future. Specifically, what we need to know about energy and the future of how the industry and transport will be powered, plus, what procurement needs to be planning for. The impact on procurement is huge. Are we ready for future energy needs? New technology.

Procurement 98

Procurement Cost of ownership Supply Chain Efficiency Demand 98

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

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.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply chain resilience supply chain budgeting 52

Empowering CPO

FEBRUARY 20, 2023

Helping their companies gain a cost-competitive advantage over their competitors is what is expected of a truly efficient Procurement Organization. Along with cost efficiency, the quality should also improve and the evaluation is more on the Total Cost of Ownership and not only on price.

Procurement 52

Procurement Cost of ownership Category management Sourcing 52

Una

NOVEMBER 1, 2022

For decades, procurement professionals saw as much daylight as the basement-dwelling character Milton Waddams in Office Space. Procurement professionals are abandoning traditional sourcing practices in favor of more responsive strategies to supply chain management in pursuit of more significant cost savings and organizational efficiencies.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

Empowering CPO

FEBRUARY 11, 2024

Introduction In the ever-evolving landscape of procurement, organizations are turning to strategic sourcing services to navigate the complexities and achieve sustainable success. At EmpoweringCPO, we understand the pivotal role it plays in optimizing the supply chain, reducing costs, and fostering long-term competitiveness.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

ivalua

MARCH 18, 2021

Ultimately, the buyer can efficiently compare offers and select the optimal supplier(s) according to a best value/best price logic or lower total cost of ownership. This greatly increases the company’s agility, allowing highly efficient purchasing operations. The Ivalua solution empowers us to deliver value to CPOs throughout Belgium”.

Strategic sourcing 246

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 246

NLPA (Next Level Purchasing Association)

JANUARY 17, 2023

If Procurement can impact everything from customer satisfaction and product & service quality to cash flows and profitability – shouldn’t it be on top of every team’s 2023 training list? Many business leaders are looking to their supply teams to increase supply reliability and reduce supply costs.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Spend management Cost of ownership 52

Una

FEBRUARY 8, 2023

10 Ways Procurement Can Cut Costs This Year Back-to-basic cost reduction strategies that generate 10 ways procurement can cut costs, generate savings, and demonstrate the function’s value. CFO: Because this year I’m challenging you with a higher-than-ever cost savings target! CPO: (Gulp).

Procurement 59

Procurement Negotiation Contract Strategic sourcing 59

SCMDOJO

FEBRUARY 13, 2023

The procurement department is an integral part of any organization, playing a crucial role in the purchasing process. 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

Empowering CPO

MAY 15, 2023

Introduction Welcome to a journey into the heart of successful businesses – the procurement function. 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.

Procurement 52

Procurement Innovation Quality 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. However, what are these pillars?

Sustainability 130

Sustainability Supply Chain Efficiency Ethics Cost of ownership 130

Empowering CPO

NOVEMBER 12, 2020

To answer these questions it is important to summarize and define Procurement Market Intelligence & Analytics Services, it is also important to summarize typical role of a category manager and KPI’s of an ideal Procurement Organization. What is procurement intelligence & analytics? Identifying areas to outsource.

Category management 52

Category management Cost of ownership Procurement Strategic sourcing 52

TYA Suite

DECEMBER 16, 2022

You may have seen people use procurement and purchase interchangeably. Now, how do you differentiate procurement vs purchase these terms? To differentiate these terms, you need to understand the definition of procurement and purchase these terms. Now, let's look at the key differences between procurement and purchase.

Purchasing 52

Purchasing Procurement Eprocurement Cost of ownership 52

Empowering CPO

FEBRUARY 20, 2023

Procurement organizations and sourcing companies adopt different methods to negotiate prices with vendors. The Lot total should represent the Total Cost of Ownership for the buyer and should include all factors so as to ensure an apple-to-apple comparison. What is Lotting Strategy?

Strategy 52

Strategy Cost of ownership Strategic sourcing Strategic sourcing 52

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

procurement is a critical business function that requires a unique set of skills and expertise. 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.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

Procurify

MAY 12, 2022

Many people use the terms procurement and purchasing interchangeably. In this guide, we clarify any confusion on the difference between procurement and purchasing, and deep dive into each area. This often includes how a procurement manager goes about ordering and paying for something. What is procurement? Good question.

Purchasing 52

Purchasing Procurement Purchase orders Cost of ownership 52

Supply Chain Game Changer

SEPTEMBER 25, 2019

Manage Procurement Spend Like It’s Your Own Business! All over the business landscape, more companies in more diverse industries are transforming their Procurement functions. They’re upgrading their Procurement technology, process, and talent, implementing more sophisticated Supplier Relationship Management systems.

Procurement strategies 51

Procurement strategies Strategy Procurement Cost of ownership 51

Empowering CPO

DECEMBER 9, 2020

Procurement service provider completes this step immediately after the collection of historic data and after understanding of the requirement for the next contract period. Baseline can be defined as the total cost of ownership for the set of goods or services as defined in the RFP scope. Leveraging Procurement Services.

Data 52

Data Cost of ownership Strategic sourcing Strategic sourcing 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 103

Cost of ownership Supply Chain Optimization Procurement Price 103

Procurify

MAY 24, 2022

If it sounds familiar, you’d agree that manual procurement is very tedious and time-consuming. This explains why more organizations are adopting an e-procurement strategy. You need to create an e-procurement strategy that will guide your business procurement and supply processes. High total cost of ownership (TCO).

Procurement strategies 52

Procurement strategies Strategy Procurement Cost of ownership 52

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

Procurement Software

MARCH 11, 2022

Like it or not, cost avoidance is a hard sell to most CFOs. Procurement organisations are still primarily measured on cost savings. For anyone working in indirect procurement, this is especially frustrating. Acknowledging cost avoidance: Why measuring procurement performance on hard savings alone is futile.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Procurement Software

MARCH 11, 2022

Like it or not, cost avoidance is a hard sell to most CFOs. Procurement organisations are still primarily measured on cost savings. For anyone working in indirect procurement, this is especially frustrating. Acknowledging cost avoidance: Why measuring procurement performance on hard savings alone is futile.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Empowering CPO

FEBRUARY 20, 2023

As is true the objective of every strategic sourcing project is to reduce the total cost of ownership. In fact, in today’s competitive environment, Chief Procurement Officers (CPOs) have to achieve very tight targets in terms of ($) savings. Components should be normalized so as to have meaningful comparisons.

Price 52

Price Cost of ownership Strategic sourcing Strategic sourcing 52

Jaggaer

APRIL 22, 2019

Earth Day (April 22nd) is a celebration of commitment to creating a safer, healthier and cleaner world, making it a natural time to reflect on the power and value of sustainable procurement programs. Procurement at the pivot point. using a total cost of ownership strategy) and identify key risks (and related costs) to avoid.

Sustainability 91

Sustainability Supply Chain Efficiency Procurement supply chain software solutions 91

Supply Chain Game Changer

NOVEMBER 13, 2018

Check out What Exactly Is Procurement? There has been transformation in the Procurement function over the past decade. A Paradigm Shift in the Procurement Function. The Evolution of Procurement’s Value Proposition. Are we witnessing the dawn of a big shift in the way strategic procurement is done? Subscribe Here!

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

ivalua

MARCH 18, 2021

Ultimately, the buyer can efficiently compare offers and select the optimal supplier(s) according to a best value/best price logic or lower total cost of ownership. This greatly increases the company’s agility, allowing highly efficient purchasing operations. The Ivalua solution empowers us to deliver value to CPOs throughout Belgium”.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Buyers 130

Zycus Cognitive Procurement

JANUARY 2, 2023

AI-led AP automation solutions deliver faster time to value at a lower cost of ownership. AP Automation also offers a template-free approach to invoice data extraction and processing and delivers a greater degree of STP with high accuracy at a lower cost of ownership.

Cost of ownership 52

Cost of ownership Vendor management Data Risk 52

Sourcing and Supply Chain

JUNE 24, 2021

Procurement is a highly analytical and structured process that is based on the DMAIC – Define, Measure, Analyze, Improve, and Control. There is a constant focus on understanding costs and value, and looking for ways to take cost out of the product.

Category management 52

Category management Management Procurement Market analysis 52

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