World of Procurement blog

MAY 8, 2024

The aim is to select the supplier that represents the best value and fit for the specific procurement need. Contract Negotiation After selecting the best supplier, the procurement team negotiates final contract terms like pricing, service levels, delivery timelines, warranties, and other legal and commercial conditions.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Una

AUGUST 2, 2022

Fully-automated spend categorization will boost visibility, free up time, supercharge advanced analytics, and improve decision-making. Importantly, technology can monitor contract expiry dates to prevent auto-renewals and provide the procurement team with an opportunity to reconsider or renegotiate the contract.

Procurement 98

Procurement Supply Chain Efficiency Real-time Visibility supply chain budgeting 98

Supply Chain Game Changer

MARCH 23, 2021

But too often the expected deliverables from Supply Chain professionals are established without a real understanding of the totality and breadth of actual tasks that must be performed underneath those high level expectations. With an iceberg it is said that only 10% of it is visible as the rest is under the water.

Supply Chain Efficiency 64

Supply Chain Efficiency Supply chain Real-time Visibility Supply 64