Procurement Tactics

FEBRUARY 19, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter ChatGPT in Procurement — Revolutionizing the Norm ChatGPT is getting popular not just in procurement but also in various industries as it assists professionals in their everyday work. However, what is it?

Procurement 287

Procurement Market analysis Suppliers Contract 287

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

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 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

Una

APRIL 18, 2023

” In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Mark Trowbridge. Mark is an experienced procurement leader with a broad area of focus including sourcing, supply management, contracts management, supplier relationship management, risk management, and inventory management.

Risk 133

Risk Supplier relationship management Contract management Supply Chain Efficiency 133

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 7, 2023

In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Steve Clarke. Cutting through the noise to find root causes can be challenging, however, especially when there seems to be an overly complicated digital answer to every business question.

Supply chain 131

Supply chain Supply Sourcing Procurement 131

Planergy

OCTOBER 4, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. 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? How Big Data Analytics Works?

Data 52

Data Import supply chain software solutions Quality 52

Planergy

DECEMBER 25, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. 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. Let’s delve into the details. Absolutely.

Real-time Visibility 52

Real-time Visibility Data Budget Strategic planning 52

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

Una

MARCH 15, 2023

In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Chandhrika Venkataramen. Chandhrika is the Founder of Source Refresh, LLC, a boutique consultancy that creates data-backed sourcing models for SMEs, startups, minority-owned businesses, and nonprofits.

Procurement 87

Procurement Sourcing Supply chain Suppliers 87

Una

MARCH 27, 2024

In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes back Kris Lance, VP and General Manager at Una, for a recurring monthly conversation about current news stories. Today this applies in the form of the Red Sea attacks that continue, and which have escalated, turning global supply chains into a literal battlefield.

Supply chain 52

Supply chain Sourcing Procurement Supply 52

Una

MAY 22, 2024

Doing More With Less in Procurement Five ways Sourcing Heroes can come out on top when they’re constantly being asked to do more with less in procurement. Thankfully, there are ways Sourcing Heroes can boost efficiency to come out on top. Definitely – if you have the help of a GPO.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization Procurement team 52

Procurement Tactics

NOVEMBER 27, 2022

Or receive our famous weekly newsletter. Companies that incorporate green purchasing in their procurement process consider where to source for raw materials, production, manufacturing, packaging, distribution, reusing, maintenance, and disposal of a product. . Or receive our famous weekly newsletter. However, what is it?

Procurement 191

Procurement Sustainability Purchasing Raw materials 191

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

Una

JANUARY 3, 2023

In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Saleh ElHattab, CEO of Gravity Climate. More from The Sourcing Hero. Explore more episodes of The Sourcing Hero podcast and find related articles within Una’s resource center dedicated to empowering procurement. Subscribe to our Newsletter.

Import 98

Import Sustainability Sourcing Supply chain 98

Una

OCTOBER 4, 2023

In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Matthew Wright. What are some of the common data challenges associated with packaging specifications?

Sourcing 75

Sourcing Purchasing Procurement Suppliers 75

The Procuretech Podcast

APRIL 26, 2022

Sometimes, an end-to-end source-to-pay (S2P) solution that joins up the dots, and automates a lot of otherwise manual processes, can give a huge productivity advantage. Providing a solid solution for source-to-pay in the mid market - Onventis has survived and thrived. What about data quality: Is this an obstacle to sales?

Sourcing 52

Sourcing Procurement team supply chain software solutions Procurement 52

The Procuretech Podcast

NOVEMBER 9, 2021

This week we kick off a mini-series of 5 podcasts on e-sourcing software. Tim explains how they grew quickly to learn about supporting a client on a packaging sourcing project during a university consulting assignment, and how this ultimately became the spin-off that then became Archlet. Lukas argues that perhaps it's flexibility.

Price 40

Price Sourcing Negotiation Bidding 40

Procurement Tactics

NOVEMBER 14, 2022

Or receive our famous weekly newsletter. A Request for information (RFI) is a method of gathering information from multiple suppliers before the procurement manager starts to source products or services. . Once the data has been collated, the procurement manager will assess and start discussing with the suppliers. Advantages.

Bidding 178

Bidding Suppliers Procurement Influencing 178

Procurement Tactics

AUGUST 30, 2022

Or receive our famous weekly newsletter. To give a short background, electronic procurement started in the 1980s when electronic data interchange (EDI) was developed. Other key aspects of e-procurement are e-sourcing, e-tendering, e-auctioning, e-ordering, and data analytics. . E-sourcing. First Name. Transparency.

Procurement 130

Procurement Supply Chain Efficiency Purchasing Suppliers 130

Procurement Tactics

AUGUST 25, 2022

Or receive our famous weekly newsletter. He has been with Fannie Mae, the Federal National Mortgage Association, for nine years where he currently leads the strategic sourcing and category management group addressing a $5 billion spend portfolio. . This course is a perfect fit for ambitious procurement & sourcing professionals.

Procurement 231

Procurement Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 231

The Procuretech Podcast

APRIL 30, 2024

They discuss how AI applications in source-to-pay technology can be confusing, and how organisations can best navigate the vast array of solutions available. Ward clarified that while RPA is process-focused, AI leverages data and generative AI can autonomously create content such as contracts. Stay in touch!

Procurement team 40

Procurement team Budget Sourcing Procurement 40

Procurement Tactics

MAY 11, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter UK Import and Export Statistics — 16 Key Facts and Figures According to the World Bank’s data, the United Kingdom with a population of 67 million people recorded a $3.2 Motor Vehicle Manufacturing = $18.4B

Export 210

Export Import Sustainability Negotiation 210

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

AUGUST 15, 2022

Or receive our famous weekly newsletter. The supply plan involves sourcing or procuring raw materials, components, and other materials needed for production. Even the best plans require tactical adjustments such as changing sourcing strategy and raising costs due to tariff hikes. 33 Procurement Interview Questions in 2022.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply Chain Optimization Supply chain Supply 130

Procurement Tactics

SEPTEMBER 19, 2022

Or receive our famous weekly newsletter. Commonly, sustainability initiatives include identifying the source of raw materials, ensuring a safe workplace for employees, and reducing carbon emissions. . Of course, these sourced materials or services have less impact on the environment. . First Name. Download Free Whitepaper ?.

Sustainability 130

Sustainability supply chain software solutions Supply chain Supply 130

The Procuretech Podcast

DECEMBER 7, 2021

Our final episode in our mini-series of e-Sourcing platforms brings us to a well-estalished provider who has been in the space for over 20 years. Using 20 Years of E-Auction Data to Help Customers Gain Competitive Advantage - Henrik Balslev from Scanmarket. How specifically does Scanmarket leverage their auction data?

Data 40

Data Cost of ownership Category management Suppliers 40

Procurement Tactics

AUGUST 24, 2022

Or receive our famous weekly newsletter. The automation of data entry, data transfer, and data processing between parties limits manual effort. Simplify the sourcing process. The sourcing process is simplified when the organization and the suppliers can respond to sourcing events on an interactive forum. .

Networking 130

Networking Suppliers Buyers supply chain budgeting 130

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

Una

MARCH 15, 2023

In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Chandhrika Venkataraman. Chandhrika is the Founder of Source Refresh, LLC, a boutique consultancy that creates data-backed sourcing models for SMEs, startups, minority-owned businesses, and nonprofits.

Procurement 52

Procurement Sourcing Supply chain Suppliers 52

The Procuretech Podcast

JUNE 28, 2022

I’m talking to Dr. Wolfgang Schnellbächer from BCG, the author of a new book fresh off the presses - Profit from the Source: Transforming Your Business by Putting Suppliers at the Core. . Sales or sourcing? He’s always thinking in terms of profit from the source, and it’s paid off for them. And this supported the mandate.

Sourcing 52

Sourcing supply chain budgeting supply chain software solutions Supply Chain Efficiency 52

Procurement Tactics

JUNE 7, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Sustainable Procurement Strategy — Embracing Sustainability Sustainable procurement strategy allows an organization to conduct its procurement processes that support its sustainability goals and objectives.

Procurement strategies 171

Procurement strategies Sustainability Strategy Procurement 171

Una

SEPTEMBER 6, 2023

In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Kevin Frechette. One of the things he focuses on in his conversations with procurement professionals and teams is understanding how procurement can be transformed using data, automation, analytics, AI, and machine learning. Will this time be different?

Procurement 52

Procurement Sourcing Data 52

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

JANUARY 9, 2023

Or receive our famous weekly newsletter. Or receive our famous weekly newsletter. Actual Case: It is estimated that 90% of all humanity’s digital data has only taken 2 years to be generated in the digital world. This puts immense pressure on the planet to supply the resources and energy to upload and store all this data. .

Sustainability 210

Sustainability Collaboration Strategy Suppliers 210

Procurement Tactics

SEPTEMBER 8, 2022

Or receive our famous weekly newsletter. Additionally, it should not be confused with strategic sourcing which is more focused on the long-term approach. Strategic sourcing promotes the timely supply of goods or services that are needed to meet the objectives of an organization. . 33 Procurement Interview Questions in 2022.

Procurement 226

Procurement Purchase orders Purchasing Strategic sourcing 226