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Should-Cost Model – The Ultimate Guide

Procurement Tactics

By using this should-cost model template, businesses can analyze the cost breakdown of their product, understand the contribution of each raw material, track changes in costs over time, and identify areas for cost optimization and negotiation with suppliers. Monitor the prices of raw materials from your suppliers.

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Understanding Offshoring, Onshoring, Nearshoring, and Rightshoring in Procurement

Una

Why it's important to know the difference Different options can have major impacts on cost, risk, compliance and strategic alignment. Here’s a summary of the most important impacts: Cost Optimization One of the key reasons to distinguish between onshoring, offshoring, nearshoring, and rightshoring is cost optimization.

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Supplier Collaboration Software — What You Should Know

Procurement Tactics

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Supplier Collaboration Software — What You Should Know The use of supplier collaboration software continues to rise as businesses grow and technology advances. However, what is it?

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Chatbots in Procurement

Una

A Snapshot of Supply Chain Technology How to Adjust to Evolving Technology Costs 5 Essential Technology Solutions for Businesses Cost Optimization AI-driven chatbots will continuously monitor procurement processes and expenses, identifying areas where cost savings can be achieved.

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Procurement-Specific Leadership Skills

Una

They leverage the outputs of advanced analytical tools and technologies to assess supplier performance, monitor market conditions, and identify opportunities for cost optimization and process improvement.

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How to Impress a Hiring Manager During a Procurement Job Interview

Una

Showcase your hard skills Hard skills are a given, but employers want proof that you have mastered the foundations of your craft such as cost optimization, contract negotiation, and analytics. Research the company, showcase both hard and soft skills, and ask the right questions to prove you're the best person for the job.

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Wondering If You’re Too Big for Group Purchasing?

Una

With our vast experience in indirect procurement, Una’s team of experts can quickly identify which categories within your organization have the most potential for cost optimization. appeared first on Una.