Procurement Templates

SEPTEMBER 14, 2023

In an era marked by growing environmental concerns and the urgent need for sustainable practices, procurement has emerged as a pivotal player in fostering sustainability within organizations. The Green Imperative Sustainability is no longer an option; it is an imperative.

Sustainability 130

Sustainability Supply Chain Efficiency Procurement Ethics 130

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

The Belgium-based automotive supplier, specialising in sustainable and affordable propulsion system solutions, deployed Ivalua’s platform in September 2020 for the sourcing of components for the DT2 program, within the company’s Joint Venture operations: Punch Powertrain PSA e-transmissions.

Strategic sourcing 246

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 246

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. 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

SCMDOJO

JULY 3, 2023

What is procurement and purchasing Lesson 2. Procurement and Purchasing Cycle Lesson 7. 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. Types of procurement.

Cost of ownership 81

Cost of ownership Procurement Category management supply chain software solutions 81

ivalua

FEBRUARY 25, 2021

According to the panelists, there are some key features and functionality that make best-in-class supply chain solutions a better choice for healthcare organizations: Guided procure-to-pay compliance: The concept of compliant purchasing in healthcare encompases the front-end user experience. Efficient warehouse management.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Una

NOVEMBER 1, 2022

These “back-office” workers were seen primarily as clerical support, entering and tracking purchase orders and researching suppliers. Today, however, the pandemic has shown procurement to be more than simply purchasing goods and services. Looking beyond cost. Increased cost savings. Get in Touch. Contact us to learn more.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

Skill Dynamics

MARCH 12, 2024

Today’s competitive business landscape demands cost optimization tools that significantly move the needle. It’s about more than just cutting expenses; it’s about making strategic decisions that drive sustainable growth and create value. Considering TCO goes beyond simply evaluating the initial purchase price.

Cost optimization 69

Cost optimization Cost of ownership Procurement Strategy 69

ivalua

MARCH 18, 2021

The Belgium-based automotive supplier, specialising in sustainable and affordable propulsion system solutions, deployed Ivalua’s platform in September 2020 for the sourcing of components for the DT2 program, within the company’s Joint Venture operations: Punch Powertrain PSA e-transmissions.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Buyers 130

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

This results in better negotiation outcomes, improved quality, reduced costs, and enhanced overall value delivery. Initiatives that prioritize environmentally friendly practices, fair labor, and responsible sourcing improve brand reputation and mitigate potential legal and reputational risks.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Empowering CPO

MAY 4, 2023

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. Some of the key benefits include: 1. Develop a Comprehensive Procurement Strategy A. Develop a Comprehensive Procurement Strategy A.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Una

JANUARY 30, 2023

Be enablers, not blockers Sometimes, procurement just has to say “no” to a purchase request. For example, you could educate a stakeholder on why Total Cost of Ownership (TCO) matters, or explain the need to balance cost vs risk, or show them how their purchase could be an opportunity to engage with diverse suppliers.

Procurement 98

Procurement Cost of ownership Influencing Purchasing 98

NLPA (Next Level Purchasing Association)

FEBRUARY 29, 2024

By leveraging data analytics, procurement teams can identify areas for cost savings, such as negotiating better contracts with existing suppliers or consolidating purchases to leverage economies of scale. These KPIs could include total cost of ownership, supplier delivery performance, or on-time in-full rates.

Category management 52

Category management Management Procurement Supplier relationship management 52

Una

MARCH 16, 2023

With plenty of warning, the sourcing team could have taken a more holistic view of value, analyzed vehicle demand, dug into historical spend data, examined total cost of ownership, and moved the conversation beyond cost to align with other company goal such as sustainability or social outcomes.

Influencing 105

Influencing Procurement Cost of ownership Supplier relationship management 105

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

With the increasing complexity of supply chains and the growing importance of sustainability and social responsibility, the role of procurement professionals has become more critical than ever. Strategically measure purchasing performance Strategic measurement of purchasing performance is critical for any procurement department to succeed.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

Skill Dynamics

OCTOBER 19, 2023

Nonetheless, there is a whole lot more to opimizing procurement processes than just cutting costs and then increasing efficiencies. Your business needs a broader vision to address sustainability, deliver on risk management and resilience challenges, nurture buyer and supplier relationships, as well as meet procurement excellence.

Supply Chain Optimization 52

Supply Chain Optimization Strategy Procurement Vendor management 52

ivalua

JULY 15, 2015

Since its inception in the late 1980s, strategic sourcing has always been about getting the best value for the goods and services purchased from third party suppliers. Strategic sourcing requires an intense focus on the total cost of ownership, while incorporating customer needs, organizational goals, and market conditions.

Strategic sourcing 147

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 147

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. What if procurement wasn’t just about cutting costs and securing deals?

supply chain budgeting 52

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

Una

FEBRUARY 8, 2023

How to Market Procurement’s Value Beyond Cost Savings How to Use Group Purchasing as a Cost Reduction Strategy What to Do When You Have Limited Buying Power 4. Implement an e-procurement system Implement an e-procurement system to automate the purchase process and reduce the time and cost of manual purchasing.

Procurement 59

Procurement Negotiation Contract Strategic sourcing 59

NLPA (Next Level Purchasing Association)

OCTOBER 17, 2022

A powerful methodology for business leaders, FMEA is an effective tool in to ensure we think through, understand, and prioritize sustainable strategic responses to issues that negatively impact our organizations. . FMEA stands for Failure Modes and Effects Analysis. It is prudent to conclude that not all business problems are equal.

supply chain budgeting 52

supply chain budgeting Risk Agile and Lean Supply Chain Risk management 52

Una

OCTOBER 12, 2023

Strategic Alignment The choice of sourcing strategy should align with broader business objectives such as market expansion, innovation, sustainability , or brand. Total Cost of Ownership (TCO): Consider the complete cost picture , including transportation, inventory holding, and quality control, when comparing sourcing options.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply chain resilience supply chain budgeting 52

Supply Chain Game Changer

NOVEMBER 13, 2018

And What is Purchasing? From the starting point of the traditional buy-sell, transaction-based purchasing, the practice has moved through stages of change that redefines most aspect of the business. The fundamental objective of any organisation is lowering the cost of goods manufactured. Check out What Exactly Is Procurement?

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

IBM Supply Chain Blog

MARCH 27, 2024

To effectively weigh the decision, one must consider the total costs of ownership versus renting—plus a range of other, tangentially related issues. A hyperscale data center should not be considered a one-time purchase. Persons or organizations purchasing items can afford such purchases.

Data 99

Data Purchasing Cost of ownership Quantity 99

Empowering CPO

JULY 16, 2023

Procurement extends beyond simple purchasing to include activities such as sourcing, negotiation, contract management, and supplier relationships. Moreover, traditional procurement usually focuses on the price rather than the total value, which can result in overlooking critical factors like quality, service, and total cost of ownership.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Una

OCTOBER 9, 2023

At the end of this playbook, we’ll also explore how partnering with a group purchasing organization (GPO) can be seamlessly integrated into your strategic sourcing approach, enhancing your ability to drive value and deliver results. In particular, they’ve zeroed in on the cost-cutting of their organization’s day-to-day transactions.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

IBM Supply Chain Blog

JUNE 30, 2023

Other features, such as project management and spare parts purchasing, were also added as solutions advanced. EAM also provides data on lifetime costs—such as purchasing, maintenance, repair and servicing—which help businesses understand the total cost of ownership of individual assets.

Management 60

Management supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 60

The Good Spending

NOVEMBER 5, 2021

Total Cost of Ownership (TCO) TCO considers all costs associated with acquiring, operating, and maintaining evaluating bids. term sustainability. Value-for-Money This term means the optimum combination of the various cost-related and non-cost-related criteria. VBP will provide.

Procurement 52

Procurement Bidding Supply Chain Efficiency Contract 52

Empowering CPO

JULY 16, 2023

Procurement extends beyond simple purchasing to include activities such as sourcing, negotiation, contracts management, and supplier relationships. Moreover, traditional procurement usually focuses on the price rather than the total value, which can result in overlooking critical factors like quality, service, and total cost of ownership.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

SCMDOJO

APRIL 26, 2023

Sustainable/ethical procurement. Category management strategy must be based on sustainable procurement and ethics. Both purchasing and supplying organizations must be ethical in their dealings throughout the category management process. spending that breaks internal procedures and purchasing terms).

Category management 77

Category management Management Supplier relationship management supply chain software solutions 77

Supply Chain Game Changer

SEPTEMBER 29, 2020

In our experience the best way to systemically, and sustainably, optimize inventory is to take a process based inventory turnover improvement approach. This process included a focus on total cost of ownership, not just piece price levels. Buyers historically purchased materials in a very indistinguishable manner.

Inventory 90

Inventory Raw materials Supply Chain Optimization Demand 90

Supply Chain Game Changer

MARCH 6, 2019

But, when my mom was buying a new vehicle, she didn’t decide to scrap the vehicle from 1993 and purchase one from 1995. Responsible sourcing is a methodology rooted in choosing the right supplier from the start, based upon various parameters of ethicality and sustainability at a supplier and their sub-suppliers. Source: Accenture 2013.

Procurement 50

Procurement Procurement team Supply Chain Efficiency Innovation 50

Supply Chain Game Changer

MARCH 24, 2020

For far too long Supply Chain has been considered a back office, transactional functions placing purchasing orders and moving and receiving goods. Taking Total Cost of Ownership Seriously. What are the Supply Chain lessons we must learn from? Supply Chain Lessons. The Importance of Supply Chain Talent.

Agile and Lean Supply Chain 82

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

Empowering CPO

JUNE 27, 2023

It enables organizations to leverage their purchasing power and establish stronger relationships with strategic suppliers. Pricing and Cost Metrics: By comparing pricing across suppliers within a category, organizations can identify potential cost-saving opportunities.

Procurement 40

Procurement Supply Chain Optimization Supplier consolidation Suppliers 40