Procurement Insights

OCTOBER 8, 2023

Thierry Fausten • Chartered MCIPS | Procurement & Supply Management Advisor | Exclusive Country Partner CIPS for Business | Speaker | Trainer | Teacher Thanks for hightighting this article, Jon W. Beyond supplier profile creation, who are the contacts, what are the processes, the details that make a relationship work.

Buyers 40

Buyers Suppliers Collaboration Leadership 40

Positive Purchasing

DECEMBER 6, 2022

In supplier relationship management (SRM), the fundamental question we ask ourselves is, ‘What do we need from our supply base?’. Surely our requirements are to have products or services supplied to the correct specification at the right time and at an acceptable price?

Sustainability 52

Sustainability Supply Chain Efficiency Supplier relationship management Innovation 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 70

Spend management Management Real-time Visibility Collaboration 70

IBM Supply Chain Blog

DECEMBER 13, 2023

By assessing and proactively managing risks inherent in the supply chain , organizations can shield themselves from disruptions and strengthen the resilience of their operations. In addition, a well-crafted procurement framework fosters innovation and sustainability. Some may not agree with the proposed changes.

Procurement strategies 68

Procurement strategies Strategy Procurement Supply Chain Efficiency 68

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. They provide guidance on optimizing the sourcing process, enhancing supplier relationships, and leveraging procurement as a strategic function that adds value to the business.

Leadership 52

Leadership Procurement Ethics Supply Chain Optimization 52

CPO Rising

OCTOBER 11, 2023

CPO Rising’s Technology Round-Up Series returns today with fresh supply management technology news and updates covering a few recent major announcements.

Spend management 52

Spend management Innovation Supply management Sourcing 52

Arkestro

JANUARY 23, 2024

Procurement managers play a key role in this rapid growth, helping organizations optimize costs, negotiate favorable terms with suppliers, and ensure financial efficiency. The best procurement managers are masters of risk mitigation and budget management, while also maintaining high quality standards and a competitive edge.

supply chain budgeting 52

supply chain budgeting Management Supply Chain Optimization Procurement 52

SCMDOJO

APRIL 11, 2023

It covers the basics of procurement, including procurement strategies, contract management, and supplier selection. It covers the basics of procurement, including procurement strategies, contract management, and supplier selection. Provides a solid foundation in the core principles of procurement and supply management.

Supply chain management 114

Supply chain management Supply chain management supply chain software solutions Supply chain 114

CPO Rising

APRIL 21, 2023

CPO Rising’s Technology Round-Up Series returns today with fresh supply management technology news and updates covering a few recent major announcements.

Spend management 52

Spend management Innovation Supply management Supply chain 52

HICX

JUNE 21, 2022

In this episode of Supplier Experience Live, we welcome Charlotte de Brabandt and Max Kent. Charlotte is speaker, trainer, and ambassador for the Institute for Supply Management (ISM) with over 10 years of experience in global procurement. This has also brought about an increase in innovative practices , she believes.

Procurement 52

Procurement Suppliers Data Innovation 52

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

To succeed in this field, procurement professionals must possess a variety of competencies, ranging from negotiation and supplier management to risk assessment and financial analysis. In order to achieve this, cross-functional commodity teams are used to evaluate suppliers and their capabilities.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

CPO Rising

JUNE 22, 2022

CPO Rising’s Technology Round-Up Series returns today with fresh supply management technology news and updates covering a few recent major announcements.

Spend management 40

Spend management Innovation Sourcing Supply management 40

NLPA (Next Level Purchasing Association)

JULY 20, 2023

By diligently controlling and optimizing spending, these teams can achieve various benefits: Cost Savings: Effective spend management enables teams to identify cost-saving opportunities, negotiate better deals with suppliers, and eliminate unnecessary expenditures. This directly contributes to the organization’s bottom line.

Management 40

Management supply chain budgeting supply chain software solutions Spend management 40

Zycus Cognitive Procurement

JULY 25, 2022

Therefore, Procurement teams must identify innovative ways to bring value to the firm in order to accomplish corporate goals. In addition, CPOs and procurement managers should discover new strategies to satisfy their objectives in order to obtain greater outcomes without having to spend more money. . Conclusion: .

supply chain budgeting 52

supply chain budgeting Procurement Agile and Lean Supply Chain Management 52

Barkers Procurement

MAY 16, 2023

The topics discussed included green supply chains, sustainable business practices, supplier ecosystems, the circular economy, collaborative procurement, collaborative consumption platforms, carbon reporting, social value and modern slavery.

Procurement 52

Procurement Supply Chain Efficiency Collaboration Sustainability 52

Supply Chain Game Changer

MARCH 6, 2019

Organizations are ‘going carbon neutral by 2025’, and ‘implementing Artificially Intelligent business systems’ and ‘sourcing form solely environmentally friendly suppliers’. In some cases — yes, organizations are changing their attitudes and becoming incredibly innovative in their restructuring of traditional business practices.

Procurement 50

Procurement Procurement team Supply Chain Efficiency Innovation 50

Supply Chain Game Changer

NOVEMBER 13, 2018

Strategic Sourcing is a proven approach to understanding and delivering significant cost reduction based on Total Cost of Ownership (TCO), building a sustained value – creating relationship with the suppliers and category spend reduction in order to create and sustain a competitive advantage. What is Strategic Sourcing?

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

SCMDOJO

SEPTEMBER 18, 2023

Sourcing: Sourcing is the systematic process of identifying, evaluating, and selecting suppliers or vendors who can provide the necessary goods or services for a company. Sourcing plays a crucial role in building strong supplier relationships and achieving cost-effectiveness in the supply chain.

Procurement 99

Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 99

Supply Chain Game Changer

MARCH 28, 2020

This is not to say that they believe Procurement doesn’t play a role, but rather that they don’t view Procurement as playing a critical role beyond cutting costs and finding suppliers. And invariably they think of Procurement as the group to go to in order to squeeze more costs out of suppliers over and over again.

Procurement 71

Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 71

SPLC (Sustainable Purchasing Leadership Council)

MAY 18, 2018

As a leader in sustainable supply chains, Bon Appétit helped define what it means to source local food through a number of local food programs and extensive partnership programs with nearly 1400 local suppliers. Presented to Sodexo for using local sourcing as a way to make a meaningful social impact in its suppliers’ communities.

Leadership 40

Leadership Purchasing Sustainability Supply Chain Efficiency 40

Supply Chain Game Changer

APRIL 23, 2019

This is not to say that they believe Procurement doesn’t play a role, but rather that they don’t view Procurement as playing a critical role beyond cutting costs and finding suppliers. And invariably they think of Procurement as the group to go to in order to squeeze more costs out of suppliers over and over again.

Procurement 50

Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 50

Jaggaer

DECEMBER 13, 2018

According to Supply Management, “Cognitive procurement will drive the Procurement profession forward” and early adopters may certainly gain a competitive advantage. No one can be sure of where procurement innovation will ultimately go, but we can be sure that the evolution of Smart Assistants will play a significant part along the way.

Procurement team 63

Procurement team Procurement Contract Negotiation 63

Supply Chain Game Changer

SEPTEMBER 16, 2020

What once used to be a field strictly about getting goods from point A to point B has become one where the top performers use sophisticated technology and supplier relationship management to provide untold cost savings, risk mitigation and innovation. Only 17% of Chief Supply Chain Officers in North America were women.

Supply chain 54

Supply chain Leadership Supply Supply chain management 54

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

Procurement Heads

JANUARY 4, 2023

I joined KPMG in their supply chain practice and spend the next 16 years on consulting assignments in a smaller firm. In 2020, I moved back into corporate life as Head Of Supplier Relationship Management with Coventry Building Society. We need cost efficiency internally and cost-effectiveness with our suppliers externally.

Supply Chain Efficiency 246

Supply Chain Efficiency Sustainability Agile and Lean Supply Chain Suppliers 246

Empowering CPO

MAY 4, 2023

These practices range from embracing digital transformation to fostering a culture of collaboration and innovation. Enhanced collaboration: Digital tools facilitate real-time communication and collaboration between procurement teams, suppliers, and other stakeholders.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 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. In 1983, Peter Kraljic wrote the article " Purchasing Must Become Supply Management " for Harvard Business Review. Fisher Supply Chain Matrix. 4) Global Supply Chain Matrix.

Supply chain 70

Supply chain Supply Supply chain management Supply chain management 70

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. Innovation. Finally we have Innovation.

Eprocurement 36

Eprocurement Purchasing Purchase orders Innovation 36

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. 7 Supplier KPIs You Should Be Monitoring What are supplier KPIs? How often should you be reviewing supplier performance?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Procurement Category management 52

Spend Matters

MARCH 16, 2023

An S2P suite automates spend/supply management processes primarily in procurement, accounts payable and inbound supply chain management, but also other areas within Legal (e.g., contract management), Finance (e.g, working capital management, treasury and FP&A), R&D (e.g.,

Supply Chain Optimization 64

Supply Chain Optimization Sourcing supply chain software solutions Procurement strategies 64

HICX

MARCH 10, 2023

In a recent article on Supply Management , he delves into the subject of how Chief Procurement Officers (CPOs) can break free from the status quo, which, he views under certain circumstances as a hindrance to growth and progress. Each tool requires a password, and supplier data is full of duplicates, gaps, errors, and inconsistencies.

Chief Procurement Officer 52

Chief Procurement Officer Suppliers Sustainability Data 52

Procurement Software

MARCH 5, 2024

The software was founded by a group of seasoned procurement professionals who have developed a full-suite spend management platform with two overriding principles: time to value and ease of use. It helps large enterprises like Virgin, Coca-Cola, Boeing, and IBM map, monitor, and mitigate ESG risks across their global supply chains.

Real-time Visibility 52

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

The Good Spending

JANUARY 4, 2023

Category strategy will elaborate on logistical and supply management aspects, i.e., inventory planning and supply chain configuration. You will leverage the existing supply base and elaborate on cost engineering to negotiate effectively. New task – all new products with new specs and no established supply base.

Strategic sourcing 97

Strategic sourcing Strategic sourcing Agile and Lean Supply Chain Category management 97

Claritum

NOVEMBER 28, 2016

Increasing level of supplier collaboration. Contract management. Supplier relationship management. Supplier risk and management. Procurement performance management. Supplier information management. Innovation management. 30% Cost control and supplier negotiations.

Procurement 50

Procurement Eprocurement Sourcing Networking 50

Procurement Templates

JUNE 18, 2023

He has implemented innovative procurement strategies to secure sustainable and cost-effective supply chains for Tesla and SpaceX. She has focused on streamlining processes, fostering supplier relationships, and driving innovation in the automotive industry.

Leadership 147

Leadership Procurement Agile and Lean Supply Chain Supply Chain Efficiency 147

HICX

JULY 4, 2022

Technological advancements are continuously improving, data issues are still not resolved, and the turbulent events at the beginning of the decade have made the general public more aware of the functions, as well as how reliant and dependent companies are on their suppliers. ” Dr. Epstein has some words of warning on the topic. “We

Procurement 52

Procurement Chief Procurement Officer Supplier relationship management Suppliers 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 106

Procurement Data Collaboration Purchasing 106