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

Una

MARCH 16, 2023

Just calling to let you know we’re selling the current motor pool vehicles and will be switching to a cheaper supplier for our commercial fleet.” Other reasons include risk reduction , creating a cost-conscious culture, and more effective change management when implementing new procurement processes, technologies, and strategic initiatives.

Influencing 105

Influencing Procurement Cost of ownership Supplier relationship management 105

Una

JANUARY 30, 2023

Expand the focus beyond cost savings Realistically, cost savings will always be in the top three priorities for procurement. But focusing on cost at the expense of everything else damages supplier relationships, stakeholder perceptions, and long-term value generation.

Procurement 98

Procurement Cost of ownership Influencing Purchasing 98

Una

OCTOBER 12, 2023

Onshoring can involve relocating manufacturing facilities or sourcing products and services locally to support domestic suppliers and Made in America policies. Quality and Compliance Different regions and suppliers may have varying standards of quality and regulatory compliance. Offshoring Offshoring is the opposite of onshoring.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply chain resilience supply chain budgeting 52

Una

FEBRUARY 8, 2023

Take a deep breath and dive into this list of back-to-basic cost reduction strategies to generate impressive savings and demonstrate the value that procurement can bring. Take your context into account – company size, supplier landscape, team skillset, and appetite for change.

Procurement 59

Procurement Negotiation Contract Strategic sourcing 59

Una

SEPTEMBER 21, 2023

These actions typically involve negotiating better deals with suppliers , optimizing procurement processes, and finding cost-efficient alternatives for goods and services. Here are some cost-saving levers you can pull: Negotiation and supplier management Negotiation skills are at the heart of cost savings.

Competitive bidding 52

Competitive bidding Ethics Supply Chain Optimization Strategy 52

The Procuretech Podcast

DECEMBER 7, 2021

The move towards a total cost of ownership (TCO) strategy in many organisations has been the bedrock behind these seismic shifts. In other words, auctions are a great way to shortlist vendors if there is a large pool of potential suppliers for a certain service. Dealing with supplier reluctance to participate.

Data 40

Data Cost of ownership Category management Suppliers 40

SCMDOJO

APRIL 3, 2022

They are far more convenient than conventional discussions and negotiations, providing procedural integrity and transparency while also lowering final prices owing to enhanced supplier competitiveness. Suppliers’ risk is decreased because they have more assurance. Tender-cost-of-sale profits are not included.

Supply Chain Efficiency 139

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 139