Spend Matters

DECEMBER 11, 2024

Within this framework, tariff management plays a key role in shaping sourcing decisions and influencing the cost and availability of direct materials. Achieving this requires a seamless integration of demand, supply and product requirements that begins in the design phase and continues throughout the whole product lifecycle.

Supply Chain Optimization 112

Supply Chain Optimization Management Supply chain resilience Supply Chain Efficiency 112

Procurement Templates

NOVEMBER 21, 2024

Here’s a detailed guide to enhance procurement capabilities across various domains: Strategic Sourcing and Supplier Management Actionable Steps: Analyze Spend Data: Use spend analysis tools to identify areas where costs can be reduced or efficiencies improved. Workshops on negotiation and supplier relationship management.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization supply chain software solutions 130

Procurement Templates

DECEMBER 11, 2024

Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Supplier Relationship Management: Build and maintain strong supplier partnerships to ensure long-term business value. Savings can be cashable or non cashable i.e. cost avoidance.

Procurement 130

Procurement Supply Chain Efficiency Cost of ownership supply chain budgeting 130

Spend Matters

DECEMBER 23, 2024

Metrics around supplier consolidation and spend concentration are also common. Customers use Onventis to consolidate suppliers and negotiate better terms. Customers emphasize how procurement technology safeguards against non-compliance penalties and helps maintain preferred supplier standards.

Procurement 123

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supplier consolidation 123

Procurement Insights

FEBRUARY 24, 2025

That means eliminating emissions from their suppliers as well as how their customers use their products. Theres just one big problem: companies dont control the operations of their suppliers. Suppliers must see tangible returns; otherwise, a well-intentioned initiative has little chance of success.

Influencing 52

Influencing Procurement Suppliers supply chain software solutions 52

Spend Matters

OCTOBER 31, 2024

A network approach where suppliers maintain rich information on their cost structures (SG&A, machine rates, etc.) Instead of using RFXs, buyers and suppliers could benefit from the cost modeling and calculation capabilities to define and optimize prices of parts and products. to provide deep and accurate insights and auto-costing.

Buyers 117

Buyers Raw materials Networking Suppliers 117

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. Why do so many companies lack procurement influence?

Influencing 105

Influencing Procurement Cost of ownership Supplier relationship management 105

SCMDOJO

OCTOBER 28, 2024

By understanding the S&OP process, procurement teams can make more informed decisions, improve supplier relationships, and support overall business growth. They can get involved in the Demand Review of S&OP and see the NPI pipeline and also any changes in product design changes and communicate with suppliers proactively.

Procurement 89

Procurement Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 89

Spend Matters

JANUARY 7, 2025

From the measurement of greenhouse gas reductions (Scope 1, 2, and 3 emissions) to the percentage of procurement spend directed toward suppliers using renewable energy, the ability of our software to visualize quantitative data efficiently is central to buying decisions.

supply chain software solutions 117

supply chain software solutions Supply Chain Efficiency Procurement Raw materials 117

Procurement Tactics

JUNE 26, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Top 10 US Dropshipping Suppliers — Pricing & Reviews The US dropshipping market reached an estimated amount of $15.64 Top 10 US Dropshipping Suppliers Study Procurement Study Negotiations 1.

Price 195

Price Suppliers Negotiation Real-time Visibility 195

ProcurePort

MAY 19, 2021

Any marketplace is going to be influenced by the dynamic that develops between buyers and suppliers. In procurement, the practice of maintaining vendor relationships is known as supplier management. Supplier management is arguably one of […]. Supplier management is arguably one of […].

Suppliers 130

Suppliers Vendor relationships Management Influencing 130

Procurement Heads

FEBRUARY 22, 2023

My primary challenge is ensuring that our suppliers and colleagues within procurement are engaged with our sustainability programme and are playing their part to support the company’s broader sustainability ambitions. Procurement as a function is uniquely positioned to influence how a company spends its money.

Sustainability 246

Sustainability Influencing Suppliers Supply chain 246

Spend Matters

APRIL 10, 2025

The days of relying solely on traditional processes to manage suppliers, contracts and spend are quickly fading. AI is the game-changer that allows procurement professionals to escape the cycle of transactional work and focus on what really moves the needle: strategic sourcing, supplier collaboration, and advanced analytics.

Supply Chain Efficiency 106

Supply Chain Efficiency Supply Chain Optimization Procurement Procurement team 106

Jaggaer

OCTOBER 24, 2024

Building Stronger Relationship s : Effective Approaches to Multi-Tier Supplier Collaboration A chain is only as strong as its weakest link—but what if you can’t evaluate the entire chain? Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

Spend Matters

JANUARY 23, 2025

This, given the productivity constraints of modern strategic sourcing teams, means that they often must choose between refining the assumptions and calculations in their model and doing other things, like studying the broader market, building supplier relationships or solving tactical challenges like shortages. supplier count, event size).

Price 107

Price Negotiation supply chain software solutions Supply Chain Optimization 107

Procurement Tactics

JUNE 30, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter 8 US Appliance Parts Suppliers — Top Factors, Choosing Guidelines, Pricing, and Review The US appliance parts industry experiences a period of significant growth and transformation.

Price 183

Price Suppliers Negotiation Quality 183

Spend Matters

NOVEMBER 19, 2024

For example, if a supplier fails, there should have been leading indicators of their impending failure. Finally, customers are worried about the lack of visibility into sub-tier suppliers. While most have insight into their top-tier suppliers, they often don’t know what’s happening further down the supply chain, making them vulnerable.

Risk management 113

Risk management Risk Management Real-time Visibility 113

SCMDOJO

DECEMBER 29, 2024

This course will teach you a lot about procurement and purchasing, trends and tendencies in procurement, the role and influence of the procurement function in the company, types of procurement, and more. Beyond her professional endeavors, Fatima is a recognized social media influencer. You can follow her on LinkedIn or Instagram.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain KPIs Supply Chain Efficiency Category management 98

Spend Matters

OCTOBER 31, 2024

This includes developing risk profiles and monitoring high-risk suppliers, particularly as businesses need better visibility into the subcontractors and fourth parties involved in their supplier’s services. How has the evolution in customer needs influenced your product?

Risk management 116

Risk management Risk Management Real-time Visibility 116

Procurement Leaders

MAY 30, 2022

Like an increasing number of companies, property services giant CBRE recognises the value of using procurement to drive social impact through spending with diverse suppliers and social enterprises. Identifying new diverse suppliers to ensure coverage across all key categories of spend. Helping supplier development.

Suppliers 130

Suppliers Influencing Procurement team Procurement 130

ivalua

JUNE 29, 2021

Enabling rapid, cost-effective and transparent supplier payments anywhere in the world. Redwood City, CA, June 30, 2021 – Ivalua, a global leader in Cloud Spend Management solutions, announces an extension of its source-to-pay platform with a new payments solution to digitize and streamline global supplier payments.

Supply Chain Efficiency 130

Supply Chain Efficiency Suppliers Sourcing Real-time Visibility 130

SCMDOJO

JULY 30, 2024

But have you ever considered how financial products like car title loans influence retail supply chains? By leveraging their vehicles, business owners can access quick cash to pay suppliers, manage inventory, or cover payroll. Retailers can maintain strong relationships with their partners by ensuring that suppliers are paid on time.

Retail Supply Chain 95

Retail Supply Chain Influencing Supply Chain Efficiency Supply chain 95

Planergy

MARCH 19, 2025

How AP can improve relationships with your key suppliers. Effective supplier management is essential for educational institutions. Managing these suppliers isnt just about making purchases; it ensures smooth operations, cost savings, and quality education. What is Supplier Management?

Suppliers 52

Suppliers Management supply chain budgeting Supply Chain Efficiency 52

Let's Talk Supply Chain

FEBRUARY 20, 2025

By leveraging a robust network of suppliers and implementing contingency plans, GM aims to adapt to changing tariff landscapes effectively. Key strategies employed by GM include: Diversification: Establishing relationships with suppliers in different regions to reduce reliance on any single market.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Supply chain resilience Supply Chain Efficiency Supply Chain Optimization 98

SCMDOJO

DECEMBER 29, 2024

However, it covers key differences between purchasing and procurement, explores common contract types, and emphasizes the importance of strategic sourcing, supplier relationships, and risk management. Moreover, it highlights the field’s evolving nature and emphasizes the influence of digital transformation, Industry 4.0,

Supply Chain Efficiency 85

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 85

SCMDOJO

APRIL 3, 2025

The US government is using tariffs in a bid to protect local industries and influence trade. Negotiate better prices with suppliers, use alternative materials, or implement lean manufacturing. This might include finding alternative suppliers, using different shipping routes, or changing production schedules.

Agile and Lean Supply Chain 88

Agile and Lean Supply Chain Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 88

Spend Matters

APRIL 16, 2025

Interviews Expanding the influence and impact of Procurement a case study featuring Ron Schnur at Utz As many procurement professionals have discovered, transforming your processes to meet todays challenges in an effective manner is not as simple as writing a new mission statement.

Procurement 102

Procurement Real-time Visibility supply chain software solutions Supply Chain Efficiency 102

Procurement Heads

MARCH 27, 2023

We’re responsible for the supplier management and then supporting the business in contract management as well. We are having to become much more agile in our approach because suppliers are less willing to hold their pricing. Sustainability is one of those, and supply chains can influence carbon emissions in a huge way.

Sustainability 246

Sustainability Agile and Lean Supply Chain Influencing Contract 246

SCMDOJO

JANUARY 29, 2025

Supplier Performance Evaluating supplier performance based on key metrics such as on-time delivery, quality of goods received, adherence to agreed-upon terms, and responsiveness to inquiries. Identifying areas for cost reduction, such as improving production efficiency, minimizing waste, and negotiating better prices with suppliers.

Supply Chain Optimization 94

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 94

Procurement Insights

MAY 13, 2025

Hansen Procurement strategy, digital transformation, supplier management, sourcing, and ProcureTech evaluation. His work is theoretical, focusing on adaptive systems to predict supplier risks or optimize sourcing. Ramos: Generative AI can streamline supplier interactions (e.g., His practical tech insights (e.g.,

Procurement 72

Procurement Supply Chain Optimization Leadership Real-time Visibility 72

Procurement Insights

APRIL 8, 2025

This flexibility is crucial in a Metaprise environment, which integrates multiple enterprises, suppliers, and partners into a unified system. supplier delays, demand spikes). Example During a port strike, agents reroute shipments via alternative suppliers/logistics partners. new suppliers, sustainable materials).

Supply Chain Optimization 81

Supply Chain Optimization Supply Chain Efficiency Procurement Agile and Lean Supply Chain 81

SCMDOJO

FEBRUARY 26, 2025

al, titled: Optimization of Cost Performance Index in Construction Project Based on Influencing Factors CPI is defined as: The Cost Performance Index is a cost efficiency factor that can be demonstrated by comparing the value of work physically completed with the costs incurred in the same periods. According the research paper by Winanda et.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Raw materials 52

Spend Matters

FEBRUARY 4, 2025

Its evolved into a strategic part of an organization that directly influences the bottom line. By managing costs earlier, negotiating better supplier terms, and ensuring the best value for money, procurement has become a critical driver of long-term financial performance. Procurement is no longer just a back-office function.

Procurement 106

Procurement Purchasing Negotiation Buying process 106

Spend Matters

MAY 19, 2025

Without this, procurements financial impact may go unmeasured, while finance may lack visibility into supplier costs and risks. A strong framework aligns procurement with financial strategy, embedding spend management, supplier insight and cost-saving initiatives into financial planning and decision making.

Collaboration 68

Collaboration Procurement Real-time Visibility Budget 68

Procurement Insights

APRIL 14, 2025

Hansen’s agent-based model (ABM), notably implemented within Canada’s Department of National Defence (DND), has had a significant influence on the procurement industry by demonstrating the advantages of a people- and process-centric approach over traditional technology-led methods. Influence on the Procurement Industry 1.

Supply Chain Efficiency 52

Supply Chain Efficiency Ethics Influencing Procurement strategies 52

Arkestro

MAY 2, 2025

Expand Reach and Influence on Spend Predictive Procurement can drive efficiency across procurement by identifying patterns that reduce the amount of time spent on tactical activities. Resources / Infographics / Reclaiming Opportunities with Predictive Procurement Reclaiming Opportunities with Predictive Procurement 1.

Procurement 52

Procurement Influencing Procurement solutions Price 52

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