World of Procurement blog

MAY 8, 2024

Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Supply Chain Game Changer

JULY 31, 2019

In fact, we recently brought on a new Cannabis client who’s scaling up a strategic sourcing operation in all of their Procurement, so that all their spend is captured and accounted for as they grow, rather than after. Today’s top Supply Chain Management professionals can bring all these considerations to bear.

Supply Chain Efficiency 72

Supply Chain Efficiency Supply chain Supply chain management Supply chain management 72

ivalua

FEBRUARY 25, 2021

For example, a single-stack approach can lead to low user adoption, because the incumbent sourcing solution, for example, fails to meet the needs of various business units. . Demand planning capabilities. Demand planning is the ability to create forecasts that predict the future need for your products.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Empowering CPO

JUNE 20, 2023

It’s a strategic pillar that underpins effective procurement and sourcing, providing an insightful lens through which organizations can view their spending patterns. Spend analysis plays a vital role in procurement and strategic sourcing. Often lower, due to its perceived non-strategic nature.

Supplier consolidation 40

Supplier consolidation Negotiation Suppliers Procurement strategies 40