Procurement Tactics

JULY 4, 2023

Gather Data After you identify the scope of your model, the next step is to gather data. Research and collect data on material costs, labor costs, overhead costs, and profit margins. Thus, to achieve this consult with suppliers, market research, industry reports, or internal cost data. 2.5% -1.2% 1.8% -0.7%

Raw materials 209

Raw materials supply chain software solutions supply chain budgeting Price 209

Procurement Leaders

MARCH 4, 2024

Why is it that other industries are not able to collaborate, share data and work together for the common good? We will explore what it takes to build agile, autonomous, digital, and data-led functions, as well as how procurement can best interface with key internal and external stakeholders.

Procurement 130

Procurement Sustainability Collaboration Influencing 130

Planergy

DECEMBER 25, 2023

Gone are the days when you must rely on historical data and make reactive decisions. Thanks to AI and other tools, you can now make better decisions with real-time data. But what exactly is FP&A, and how is it evolving with the advent of real-time data? FP&A helps create a data-driven culture in a company.

Real-time Visibility 52

Real-time Visibility Data Budget Strategic planning 52

Procurement Tactics

NOVEMBER 17, 2022

Or receive our famous weekly newsletter. Also, companies should be prepared for their data to be audited to provide clients with proof of their level of sustainability. Or receive our famous weekly newsletter. The ability to analyze data quickly will make sustainability initiatives prosper in your operations.

Sustainability 203

Sustainability Supply Chain Efficiency Data Supply Chain Optimization 203

Planergy

OCTOBER 4, 2022

Big Data Analytics: What It Is and Why It Is Important. Big Data Business Intelligence (BI) Spend Analytics. What is Big Data Analytics? How Big Data Analytics Works? Big Data Benefits. Big Data Challenges. Big Data Analytics Tools. In today’s business world, data is king. Data Collection.

Data 52

Data Import supply chain software solutions Quality 52

Planergy

DECEMBER 22, 2022

ESG Analytics: Using Data Analytics To Make Your ESG Strategy A Reality. Big Data Business Intelligence (BI) Ethical Sustainability & Responsibility. ESG analytics is an emerging data science focused on helping companies see how well they adhere to ESG initiatives. The Different Types of ESG Data. Download Free Copy.

Data 52

Data Strategy Sustainability Ethics 52

Procurement Tactics

JANUARY 23, 2023

Procurement success in 2023 with our Strategy Course Download Course Details →  Or receive our famous weekly newsletter What Are the Benefits of Having a Transport Management System? In particular, several features designed for compliance support reduce risk and enhance visibility across complex data systems.

Real-time Visibility 202

Real-time Visibility Management Supply Chain Efficiency supply chain budgeting 202

Procurement Tactics

DECEMBER 6, 2022

Or receive our famous weekly newsletter. Or receive our famous weekly newsletter. Manual processes in spend management cause many mistakes and errors in data. Visibility of expense data. Spend management helps you track viable expense data for future reference. Centralize expense data. Human error.

Spend management 172

Spend management Management Real-time Visibility Budget 172

Una

MARCH 20, 2024

EPISODE 157 Telling a Compelling Procurement Story with Alex Ball By Kelly Barner | March 20, 2024 Marketing requires a combination of data and storytelling to motivate people to take a desired action, whether that is making a purchase, supporting a cause, or providing their email address.

Procurement 69

Procurement Market knowledge Influencing Sourcing 69

Procurement Tactics

JANUARY 5, 2023

Or receive our famous weekly newsletter. However, it left updates to file format conversion, supplier data, and data integrity expenses to the purchasing department. . Or receive our famous weekly newsletter. 33 Procurement Interview Questions in 2023. Download Whitepaper →. . Ultimate Supplier Plotting Checklist 2023.

Buyers 179

Buyers Purchasing Suppliers Procurement 179

Procurement Tactics

JANUARY 8, 2023

Or receive our famous weekly newsletter. Procurement analysis is used to collect and analyze data for businesses to gain insights and make informed decisions. As we told you earlier, procurement analysis is used to collect and analyze data for businesses to gain insights and make informed decisions. . Download Whitepaper →. .

Sustainability 207

Sustainability Procurement Agile and Lean Supply Chain Supply Chain Optimization 207

Procurement Leaders

FEBRUARY 6, 2024

This comes down to good, old-fashioned segmentation or, as one participant shared, through having a data-backed understanding of supplier criticality, such as time-to-survive and time-to-recover, preferably through a lens of revenue and Ebitda.

Supply Chain Efficiency 130

Supply Chain Efficiency Risk Suppliers Contract 130

Procurement Tactics

MAY 22, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Integrated Logistics — What You Should Know Integrated logistics is gaining popularity throughout the years to the point of replacing the traditional logistics concepts. However, what is it?

Logistics 207

Logistics supply chain software solutions supply chain budgeting Supply Chain Optimization 207

Procurement Tactics

MARCH 27, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Supply Chain Forecasting — Everything You Should Know Supply chain forecasting is about making predictions from both past and present information. Thus, why it is critical to the success of an organization.

supply chain budgeting 192

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 192

Procurement Tactics

JUNE 19, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Your Ultimate Guide To Launching A Digitized Procurement Startup One of the biggest advantages of digitization in the procurement industry is that it allows you to use data analysis to make informed decisions.

Procurement 201

Procurement Collaboration Procurement strategies supply chain software solutions 201

Procurement Tactics

NOVEMBER 27, 2022

Or receive our famous weekly newsletter. Or receive our famous weekly newsletter. To implement sustainability in the procurement process, businesses need a team that can accurately process and assess relevant data throughout the procurement. 33 Procurement Interview Questions in 2022. Download Free Whitepaper ?. ?.

Procurement 191

Procurement Sustainability Purchasing Raw materials 191

Una

APRIL 18, 2023

He is also a published author and speaker whose business travels have taken him throughout North America, Europe, Asia, Malaysia, and the Middle East.

Risk 133

Risk Supplier relationship management Contract management Supply Chain Efficiency 133

Una

MARCH 7, 2023

Highlights In this conversation, Steve shares stories where simple solutions were able to be applied because talented team members stayed focused on their strategic objectives: The types of data procurement and supply chain professionals should prioritize so that they can deliver quick wins What it means to call out “metrics that make people do dumb (..)

Supply chain 131

Supply chain Supply Sourcing Procurement 131

The Procuretech Podcast

APRIL 16, 2024

James suggests restructuring the team to focus on strategic tasks by reducing category managers and introducing roles such as procurement business partners, data scientists, analysts, and admin assistants. Sign up for the Procurement Software Newsletter Book an Intro Call and let’s talk all things Digital Procurement! Stay in touch!

Procurement team 40

Procurement team Procurement Category management Budget 40

Procurement Tactics

DECEMBER 20, 2022

Or receive our famous weekly newsletter. Or receive our famous weekly newsletter. Its features include contract lifecycle automation and management, process automation, workflows, contract executions, and AI powered-data extraction to track risks. . 33 Procurement Interview Questions in 2023. Download Whitepaper →. .

Contract 130

Contract Management e2e Contract management 130

The Thomas Blog

JULY 12, 2022

You might be asking yourself: Should I nurture subscribers with weekly newsletters? Email Newsletters. Many businesses and organizations send email newsletters to stay top of mind for their recipients. Before we get into the nitty-gritty details of creating email newsletters, you will need to determine your goal.

Buyers 134

Buyers Purchasing Strategy Import 134

Procurement Tactics

JUNE 6, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Inventory Forecasting — Everything You Should Know Inventory forecasting allows you to predict when supply chains and consumer demand are going to change. However, what is it?

Inventory 170

Inventory Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 170

Procurement Tactics

JUNE 28, 2023

It involves systematically tracking, recording, and analyzing data or metrics relating to procurement activities to improve efficiency, and cost-effectiveness , comply with business policies and procedures, and ultimately aid in important business decision-making. What is Procurement Tracking?

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Procurement Tactics

JUNE 8, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Supply Chain Network Design — Everything About Supply Chain Supply chain network design helps businesses to mitigate disruptions by configuring the supply chain. However, what is it?

Supply Chain Optimization 211

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency supply chain software solutions 211

Procurement Tactics

NOVEMBER 10, 2022

Or receive our famous weekly newsletter. Or receive our famous weekly newsletter. Data by the IOE&IT’s UK Exporter Monitor found that the revenues of UK exporters had fallen by 2%. . The UK export statistics allow you to see the latest export data of the United Kingdom. . 33 Procurement Interview Questions in 2022.

Export 168

Export supply chain budgeting Procurement Budget 168

Procurement Tactics

JUNE 8, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Sustainability Ratings — Embracing Sustainability Sustainability ratings allow businesses to know how well they are performing in terms of environmental and social responsibility. However, what is it?

Sustainability 190

Sustainability Ethics Negotiation Procurement strategies 190

Procurement Tactics

JANUARY 4, 2023

Or receive our famous weekly newsletter. A server that’s not secure is more susceptible to cyber attacks, a result of which can be a data leak. Volkswagen data breach . In 2021, Volkswagen revealed that a vendor data breach led to the information that more than 3 million customers’ data leaked. .

Procurement 195

Procurement Contract Negotiation Quality 195

Procurement Tactics

JULY 23, 2023

51 ChatGPT Prompts to 10X Your Productivity in Procurement Download ChatGPT PDF Procurement Courses  Or receive our famous weekly newsletter Last Mile Logistics — What You Should Know Last mile logistics is often associated with e-commerce due to its rising popularity in the modern market.

Logistics 209

Logistics Supply Chain Efficiency Supply Chain Optimization Real-time Visibility 209

Procurement Tactics

NOVEMBER 16, 2022

Or receive our famous weekly newsletter. Using the data it gathers on every registered user during every visit to its website, it points users to products they may be glad to discover and buy. . Additionally, data input and classification will become more advanced when the system executes transactions independently.

Procurement 184

Procurement Inventory Suppliers Bidding 184

Procurement Tactics

MAY 9, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Invoice Reconciliation — Everything You Should Know Invoice reconciliation can help businesses in fixing issues regarding payments. However, many people view it as a minor task.

Purchase orders 182

Purchase orders Negotiation Purchasing Procurement strategies 182

The Procuretech Podcast

DECEMBER 7, 2021

So, during the interview with Henrik Balslev, CCO of Danish Source-to-Contract (S2C) software Scanmarket, the most obvious thing to talk about was all of the data they've collected since they've been offering e-auctions and RFx solutions to their customers. How specifically does Scanmarket leverage their auction data?

Data 40

Data Cost of ownership Category management Suppliers 40

Una

OCTOBER 4, 2023

What are some of the common data challenges associated with packaging specifications? How should companies think about what they are communicating (or not) and achieving (or not) through their packaging?

Sourcing 75

Sourcing Purchasing Procurement Suppliers 75

The Procuretech Podcast

APRIL 30, 2024

Ward clarified that while RPA is process-focused, AI leverages data and generative AI can autonomously create content such as contracts. Connect with Ward Karson on LinkedIn Check out Raindrop Sign up for the Procurement Software Newsletter Book an Intro Call and let’s talk all things Digital Procurement! Stay in touch!

Procurement team 40

Procurement team Budget Sourcing Procurement 40

Procurement Tactics

NOVEMBER 14, 2022

Or receive our famous weekly newsletter. Once the data has been collated, the procurement manager will assess and start discussing with the suppliers. Or receive our famous weekly newsletter. 33 Procurement Interview Questions in 2022. Download Free Whitepaper ?. ?. RFI VS RFP — Everything You Should Know. Advantages.

Bidding 178

Bidding Suppliers Procurement Influencing 178

Procurement Tactics

NOVEMBER 3, 2022

Or receive our famous weekly newsletter. Physically attacking employees or blackmailing has become the new concern as companies allow access to corporate data from the comfort of their employees’ homes. Or receive our famous weekly newsletter. 33 Procurement Interview Questions in 2022. First Name. Download Free Whitepaper ?. ?.

Procurement 179

Procurement Risk Networking Influencing 179

Procurement Tactics

JUNE 19, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter AI in Logistics — The Ultimate Guide Artificial intelligence is rapidly revolutionizing industries and logistics is not an exception. Types of AI Used in Logistics 1. How can AI help in logistics operations?

Logistics 193

Logistics supply chain budgeting supply chain software solutions Real-time Visibility 193

Una

MARCH 27, 2024

with Kris Lance Episode 145: Looking Back and Looking Ahead with Kris Lance Episode 142: 2023 Listener Favorites with Kris Lance Share on Social LinkedIn Facebook Twitter More from The Sourcing Hero Episode 158: All Eyes Should Remain on the Red Sea with Kris Lance Episode 157: Telling a Compelling Procurement Story with Alex Ball Episode 156: Accelerating (..)

Supply chain 52

Supply chain Sourcing Procurement Supply 52