Una

MARCH 16, 2023

Pain Points in Procurement Series How to Build Procurement Influence and Why it Matters How to build procurement influence as a way to stay engaged with other business functions, drive value, and achieve more desirable outcomes. The problem lies with a lack of influence.

Influencing 105

Influencing Procurement Cost of ownership Supplier relationship management 105

Procurement Tactics

SEPTEMBER 16, 2022

Sustainable Procurement Policy — The Ultimate Guide. A sustainable procurement policy is in place to help businesses. In this article, we will talk about what sustainable procurement policies are. We will discuss its benefits and steps to build your own sustainable procurement policy. .

Sustainability 130

Sustainability Procurement Supply Chain Efficiency Purchasing 130

Procurement Templates

APRIL 15, 2024

These traits can influence various aspects of decision-making, including procurement decisions in businesses. Here’s how each of these traits might influence procurement: Openness to Experience: Innovation Preference: Individuals high in openness tend to be more open to new ideas, technologies, and approaches.

Influencing 130

Influencing Negotiation Risk Innovation 130

Procurement Tactics

JULY 4, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2.  Menu Course Library 1.

Raw materials 209

Raw materials supply chain software solutions supply chain budgeting Price 209

Procurement Tactics

JUNE 7, 2023

It is important to take note that an unfavorable variance does not always suggest a procurement strategy issue. For example, external market forces like supply chain disruptions may influence pricing. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2.

Price 130

Price Purchasing Raw materials Negotiation 130

World of Procurement blog

APRIL 23, 2024

The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. This process not only influences the direct cost of production but also affects the overall efficiency of the project or organization.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

World of Procurement blog

APRIL 23, 2024

The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. This process not only influences the direct cost of production but also affects the overall efficiency of the project or organization.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

Una

MARCH 27, 2024

Procurement’s Role in Achieving Zero Waste Now’s the time to rethink business practices surrounding sustainability and embrace procurement’s role in achieving zero waste. Procurement plays a vital role in embracing sustainability practices that help achieve zero waste. Here are some tips for doing so.

Sustainability 52

Sustainability Innovation Collaboration Suppliers 52

Procurement Tactics

JULY 19, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. ChatGPT & AI Use ChatGPT to automate procurement processes 5.  Menu Course Library 1.

Supply Chain Optimization 170

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

Procurement Tactics

JULY 23, 2023

His ideas greatly influenced the development of Kaizen. The 5S of Kaizen The 5S methodology in Kaizen is based on the initial letters of five Japanese words: Seiri (Sort), Seiton (Straighten), Seiso (Shine), Seiketsu (Standardize), and Shitsuke (Sustain). Edwards Deming, an American expert in quality management.

Agile and Lean Supply Chain 196

Agile and Lean Supply Chain Supply Chain Efficiency Procurement team Quality 196

Procurement Heads

AUGUST 2, 2023

I began by understanding the concerns and challenges of several our key stakeholders, such as the Managing Directors and Operations Directors, of each of the Business Units so that we could formulate a clear Procurement Strategy and Plan that everyone could buy into. What control factors do you consider in procurement?

Supply chain 130

Supply chain Real-time Visibility Sustainability Procurement strategies 130

Value Match

MARCH 2, 2023

The event is recognised across many countries including the UK and it brings together individuals, businesses, and organisations to promote the principles of fair trade, including fair prices for producers, safe and healthy working conditions, and environmental sustainability.

Ethics 52

Ethics Sustainability Supply chain Suppliers 52

Empowering CPO

MAY 11, 2023

The Importance of Sustainable Procurement In today’s rapidly evolving global economy, businesses and organizations must look beyond traditional procurement practices to ensure long-term success and positive impact. Understanding Sustainable Procurement A. Introduction A.

Sustainability 52

Sustainability Procurement Supply Chain Efficiency Raw materials 52

World of Procurement blog

APRIL 23, 2024

Procurement plays a crucial role in the operational efficiency and sustainability of a business. From managing supplier relationships to ensuring cost-effective purchasing, the performance of the procurement function can significantly impact a company's bottom line and reputation.

Procurement 52

Procurement Supply Chain Efficiency Procurement team Quality 52

World of Procurement blog

APRIL 23, 2024

Procurement plays a crucial role in the operational efficiency and sustainability of a business. From managing supplier relationships to ensuring cost-effective purchasing, the performance of the procurement function can significantly impact a company's bottom line and reputation.

Procurement 52

Procurement Supply Chain Efficiency Procurement team Quality 52

ivalua

FEBRUARY 24, 2021

In a recent webinar hosted by Ivalua , Chris Sawchuck, Principal and Global Procurement Advisory Practice Leader from The Hackett Group shared 10 key issues that will have a significant impact on Procurement organizations in 2021. For the last several years, sustainability was among the top 10 priorities in Europe, and now in the U.S.

Agile and Lean Supply Chain 162

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Supply chain resilience 162

Skill Dynamics

OCTOBER 19, 2023

A crucial part of successful procurement strategies is the art and science of negotiation. Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract.

Negotiation 52

Negotiation Procurement Procurement strategies Buyers 52

SCMDOJO

AUGUST 21, 2023

In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. As TikTok and influencers gain prominence, they’re reshaping consumer behavior and marketing. Discover the Top 10 TikTokers reshaping how you view supply chains.

Supply Chain Optimization 97

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 97

Una

JUNE 1, 2023

As a procurement specialist, you’ll be at the forefront of critical decision-making processes, collaborating with stakeholders, analyzing market trends, and designing procurement strategies that align with business objectives. This constant evolution ensures that your work remains engaging and intellectually stimulating.

Procurement 98

Procurement supply chain budgeting Sustainability Negotiation 98

Procurement Insights

DECEMBER 1, 2023

How do you assess the impact of these changes on procurement strategies and supply chain dynamics , especially concerning alliances, trade, and potential risks? Moreover, sustainability issues are urgent for effectively resolving the climate crisis.

Procurement 50

Procurement Supply chain resilience Sustainability Supply chain 50

Una

OCTOBER 26, 2023

What Skills Does an ESG Procurement Manager Need? Organizations are feeling the need to fill highly-skilled ESG procurement manager roles to meet consumer demand for sustainable goods. Forbes reported that two-thirds of consumers say they will pay more for sustainable products, with higher percentages in younger generations.

Management 52

Management Procurement Supply Chain Efficiency Stakeholder engagement 52

Una

MARCH 30, 2023

Reporting lines make a difference: if your function happens to report to the CFO, it’s likely that the overriding focus will be on driving savings for the organization through procurement efficiencies and spend compliance. Choose to focus on the strategies that align with your company's goals and objectives.

Procurement 104

Procurement Supply Chain Efficiency Procurement team Sustainability 104

Arkestro

MARCH 27, 2024

After years of focusing on cost reduction, the majority of procurement leaders say they plan to spend more and increase workloads in 2024, meaning procurement buyers will have more power to influence change and optimize spend across the entire supply chain. But what does a procurement buyer do, exactly?

Buyers 52

Buyers Supply Chain Efficiency supply chain budgeting Procurement 52

Una

JUNE 1, 2023

As a procurement specialist, you’ll be at the forefront of critical decision-making processes, collaborating with stakeholders, analyzing market trends, and designing procurement strategies that align with business objectives. This constant evolution ensures that your work remains engaging and intellectually stimulating.

Procurement 52

Procurement supply chain budgeting Sustainability Negotiation 52

Una

OCTOBER 12, 2023

The terms sound similar enough but understanding the nuances of each approach is crucial for any procurement professional. Depending on the situation, each concept could significantly impact a company’s bottom line, affect the supply chain’s resiliency, and influence overall strategic objectives.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply chain resilience supply chain budgeting 52

Procurement Tactics

JUNE 26, 2023

Influencers and reality shows such as movies and music videos influence the population’s buying attitude towards fashion goods. You can see it in the runway and galas elegantly hanging on celebrities and influencers necks elevating their outfits. However, digital media promotion can make up for this gap.

Suppliers 146

Suppliers Price Negotiation Purchasing 146

Spend Matters

AUGUST 16, 2023

This week we’ve spoken with Georg Rösch , VP Direct Procurement Strategy at cloud-based business automation suite JAGGAER to find out what the firm is hearing directly from its customers and prospects in terms of their current priorities. In a second one, we are talking to the end users about their expectations and requirements.

Procurement 83

Procurement Procurement team Buyers Risk 83

Procurement Tactics

JUNE 30, 2023

With advancements in technology, automation, and the increasing demand for efficient and sustainable solutions, the machine industry continuously innovates to meet these changing needs. Overall, the present machinery industry in the US is driven by technological advancements, sustainability efforts, and digitalization.

Price 183

Price Suppliers Negotiation Quality 183

Value Match

JUNE 20, 2022

Procurement Best Practice. Procurement Policy Notes. Procurement Strategy. tonnes of materials annually, it’s estimated three planets would be required to sustain their current usage. The Circular Economy should be adapted by procurement professionals to influence, transform, and shape policy.

Procurement strategies 52

Procurement strategies Sustainability Bidding Procurement 52

Una

AUGUST 15, 2023

Why Local Sourcing Is The Best Way To Build Social License Tips for developing positive relationships with local stakeholders, accessing community resources, and fostering sustainability to build a strong social license. But it takes work.

Sourcing 52

Sourcing Supply Chain Efficiency Ethics Sustainability 52

Value Match

DECEMBER 22, 2022

Procurement Best Practice. Procurement Policy Notes. Procurement Strategy. This includes investing in adaptation and mitigation efforts, providing aid and support to displaced communities, and promoting sustainable development. House of Commons Committee of Public Accounts. Human Rights and Modern Slavery.

Ethics 52

Ethics Sustainability Supply Chain Efficiency Risk 52

Empowering CPO

JUNE 9, 2023

They act as a navigational tool, guiding the procurement team towards the achievement of their strategic objectives. Understanding and implementing the right procurement metrics and KPIs can be the difference between a successful procurement strategy and one that falls short of its potential.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

Procurement Software

APRIL 23, 2024

Mithra-AI’s innovative approach was recognised in 2023 when Spend Matters included them in their Future 5 list, highlighting the startup as one of the top five global innovative procurement startups. This accolade underscores their significant potential to influence the future of procurement technology.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Supply Chain Efficiency supply chain budgeting 52

Procurement Tactics

SEPTEMBER 15, 2022

Sustainable Purchasing — The Ultimate Guide. Sustainable purchasing might be a term that many people are not familiar with. In this article, we will talk about what sustainable purchasing is. Additionally, we will tell you ways in enhancing sustainable purchasing strategy. . What is Sustainable Purchasing?

Purchasing 130

Purchasing Sustainability Cost of ownership Supply Chain Efficiency 130

Empowering CPO

JUNE 14, 2023

It’s no longer about simply obtaining goods and services at the lowest cost, but also about adding value to the organization, reducing risks, enhancing sustainability, and promoting social responsibility. This is not just about understanding the current trends, but about envisioning the future of procurement.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

NLPA (Next Level Purchasing Association)

MARCH 16, 2023

Each stakeholder’s role and responsibilities within the organization will influence their view on spending, and this may create differences in opinions, objectives, and priorities. Therefore, it is crucial to understand the different perspectives of key stakeholders to develop a comprehensive and effective spend management strategy.

Spend management 98

Spend management Management Procurement supply chain budgeting 98

Value Match

SEPTEMBER 5, 2022

Procurement Best Practice. Procurement Policy Notes. Procurement Strategy. Everything we buy has contributed to the climate change, in future Procurement must contribute to the solution. House of Commons Committee of Public Accounts. Human Rights and Modern Slavery. Legislation. National Audit Office Reports.

Procurement 52

Procurement Contract Collaboration Supply chain 52