ivalua

SEPTEMBER 22, 2022

What’s your Greatest Supply Management Challenge Today? In May 2022, Ivalua commissioned Forrester to survey over 400 procurement leaders across the globe to ask how they plan to minimize the frequency and impact of supply disruptions.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Supply Supply chain 130

Positive Purchasing

DECEMBER 6, 2022

When managed effectively, the supply base travels far beyond fulfilment to establish security of supply, unlock new value, develop innovation and competitive advantage and deliver sustainability. With such opportunities at stake, how we regard and manage our supply base has never been more important.

Sustainability 52

Sustainability Supply Chain Efficiency Supplier relationship management Innovation 52

NLPA (Next Level Purchasing Association)

JULY 20, 2023

To new members of a Procurement & Purchasing team, it’s important to understand the role of managing spend and its impact on organizational success. At its core, managing spend refers to the process of strategically controlling and optimizing the financial resources allocated for procurement and purchasing activities.

Management 40

Management supply chain budgeting supply chain software solutions Spend management 40

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

Strategically measure purchasing performance Strategic measurement of purchasing performance is critical for any procurement department to succeed. This involves developing key performance indicators (KPIs) to measure performance and using data analytics to analyze purchasing data and identify areas for improvement.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

Spend Matters

MAY 8, 2023

As announced at the recent Inspire 2023 conference, Coupa is introducing several new products to address industry gaps in direct spend management as part of its vision to become a comprehensive spend management platform (which for direct also means a supply management platform).

Spend management 73

Spend management Management Real-time Visibility Collaboration 73

Una

JULY 3, 2023

The hard-won skills that you’ve developed over the course of your procurement or supply management career will always be relevant, no matter how high you climb. Procurement leaders may handle escalated issues and engage with suppliers at a strategic level to enhance collaboration and drive innovation.

Leadership 52

Leadership Procurement Ethics Supply Chain Optimization 52

SCMDOJO

SEPTEMBER 18, 2023

Here is a list of some common procurement synonyms: Sourcing Acquisition Purchasing Buying Procuring Acquiring Obtaining Securing Obtaining Stocking Resourcing Attaining Gaining Fetching Obtaining Now let’s get into the meanings of some of these synonyms for procurement: 1.

Procurement 98

Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 98

Supply Chain Game Changer

MARCH 28, 2020

Subscribe to Supply Chain Game Changer. The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. It tends to be a more reactive organization focussed on managing day to day tasks and fires. They have an end to end view of the Supply Chain. Subscribe Here!

Procurement 71

Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 71

Supply Chain Game Changer

NOVEMBER 13, 2018

And What is Purchasing? From the starting point of the traditional buy-sell, transaction-based purchasing, the practice has moved through stages of change that redefines most aspect of the business. This can be achieved through reduction in prices of purchased products & services and reduction in their specific consumption.

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

Barkers Procurement

MAY 16, 2023

IPSERA is the International Purchasing and Supply Education and Research Association that brings over 300 academics from across the world to discuss the latest knowledge and insights on procurement and supply chain thinking. On the one hand, shifting to a circular model requires rethinking how we source and manage resources.

Procurement 52

Procurement Supply Chain Efficiency Collaboration Sustainability 52

Arkestro

JANUARY 23, 2024

The best procurement managers are masters of risk mitigation and budget management, while also maintaining high quality standards and a competitive edge. Even more importantly, they help drive an organization’s strategic goals, pushing for ongoing innovation and productivity. And what does it take to become one?

supply chain budgeting 52

supply chain budgeting Management Supply Chain Optimization Procurement 52

Supply Chain Game Changer

APRIL 23, 2019

Subscribe to Supply Chain Game Changer. The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. It tends to be a more reactive organization focussed on managing day to day tasks and fires. They have an end to end view of the Supply Chain. Subscribe Here!

Procurement 50

Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 50

Supply Chain Game Changer

MARCH 6, 2019

But, when my mom was buying a new vehicle, she didn’t decide to scrap the vehicle from 1993 and purchase one from 1995. In some cases — yes, organizations are changing their attitudes and becoming incredibly innovative in their restructuring of traditional business practices. She chose the hybrid route. Responsible Sourcing.

Procurement 50

Procurement Procurement team Supply Chain Efficiency Innovation 50

Claritum

SEPTEMBER 3, 2018

Effective eProcurement can shift transaction processing to the end users who actually use the purchased goods or services, freeing up supply management personnel for strategic value-creation work and ensuring users see purchasing efficiency gains. Finally we have Innovation.

Eprocurement 36

Eprocurement Purchasing Purchase orders Innovation 36

SCMDOJO

FEBRUARY 29, 2024

Standalone metrics of metrics borrowed from other companies have a low chance of success because : They are not part of an overall supply management program. Others will have a purchasing or supplier management board at the senior management level. and procurement and supply management operations.

Suppliers 55

Suppliers Management Quality Import 55

Arkestro

MAY 9, 2023

Reduced Sourcing A turbulent market, supply chain disruptions, and rapid inflation have all created challenging times for procurement professionals. Though these individuals are used to driving innovation and reducing costs simultaneously, CPOs need even more effective tools to ease the burden of inflation.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Optimization Procurement team 52

Supply Chain Opz

MAY 28, 2013

This article will show you how to use a simple 2x2 matrix system to segment supply chain with examples across various functions. 1) Purchasing Portfolio Matrix. In 1983, Peter Kraljic wrote the article " Purchasing Must Become Supply Management " for Harvard Business Review. Purchasing Portfolio Matrix.

Supply chain 70

Supply chain Supply Supply chain management Supply chain management 70

Empowering CPO

MAY 4, 2023

By effectively managing the purchasing process, companies can better control their expenditures and optimize their supply chain, ensuring the availability of the right products and services at the right time. These practices range from embracing digital transformation to fostering a culture of collaboration and innovation.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Procurement Heads

JANUARY 4, 2023

It’s a chance for buyers to do their job and look for efficiencies across the total supply chain. You know the purchase price, but we’re also looking to see if we are buying at the right point in the supply chain and assessing the whole life cost. To look for cost benefit and different ways of doing things, which is great.

Supply Chain Efficiency 246

Supply Chain Efficiency Sustainability Agile and Lean Supply Chain Suppliers 246

Una

JULY 25, 2023

Doing so reveals the topics that our community of procurement and supply managers are most interested in, from the latest trends to perennial topics that will never go out of date. Do you really need to complete every step for every purchase? Does every purchase require an audit? Looking for more information?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Procurement Category management 52

Procurement Software

MARCH 5, 2024

Raindrop Raindrop is one of a number of US procurement startups offering enterprise-level spend management platforms. These modules can be purchased separately or as one complete suite. Raindrop has also been recognised as a cloud-enabled procurement focused Contract Lifecycle Management (CLM) application.

Real-time Visibility 52

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

Spend Matters

NOVEMBER 6, 2023

Additionally, we will provide an in-depth analysis of AI, its history and its unique characteristics that differentiate it from past innovations. So, the history of digital technology in the business and procurement world is a story of continuous innovation and evolution. Technology allows for (re)invention of old processes. (Re)invention

Procurement 110

Procurement Data Collaboration Purchasing 110

HICX

JULY 4, 2022

According to Charlotte de Brabandt , Representative of the Institute for Supply Management , we are just getting started with this change. “We Instead of passing them on to different departments, Procurement should manage the end-to-end journey by involving different departments – but by still overseeing the process.

Procurement 52

Procurement Chief Procurement Officer Supplier relationship management Suppliers 52

Supply Chain Game Changer

NOVEMBER 14, 2018

Tactical communications include daily interactions and updates on supply. Weekly and/or monthly communications address demand, purchase orders, inventory levels, deliveries, quality, and more. Of course, issue management is critical and will involve all critical parties until resolution. Pulling It All Together .

Supplier relationship management 44

Supplier relationship management Suppliers Management Agile and Lean Supply Chain 44