Procurement Tactics

JULY 17, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Choosing a Contract Management Tool Choosing a contract management tool is crucial for your business as you need to select what suits your company the best. Contract Management: What is it?

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Contract management Contract Management Negotiation 189

Procurement Templates

JANUARY 5, 2024

Creating a comprehensive contract management checklist involves several key steps to ensure effective oversight and compliance. Negotiation and Approval: Initiate negotiations with involved parties. Ongoing Management: Schedule regular reviews of contract performance. Identify stakeholders and their roles.

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Contract management Contract Management Negotiation 130

Barkers Procurement

APRIL 11, 2024

In this thought leadership piece, IT Procurement expert, Mark Elkington reveals top tips on how to negotiate an IT service contract successfully. Set a clear negotiating strategy Fixing a negotiating strategy and agreeing this internally is essential before the first contract negotiation meeting with the vendor takes place.

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Procurement Tactics

OCTOBER 13, 2022

Strategic Sourcing Manager — The Ultimate Guide. A strategic sourcing manager is a key person in ensuring that the strategic process is effective and efficient. In this article, we will discuss what a strategic sourcing manager is. Additionally, we will tell you the skills needed to be a strategic sourcing manager. .

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Strategic sourcing Strategic sourcing Sourcing Management 200

Procurement Tactics

JUNE 8, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Inventory Management — Everything You Should Know Inventory management enables companies to ensure that they always have enough stock to fulfill customer orders. What is Inventory Management?

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Inventory Management Real-time Visibility Inventory control 187

SCMDOJO

OCTOBER 27, 2023

Supplier negotiation is the most critical skill in the world of procurement. Effective supplier negotiations do not limit to the best price but a mutually beneficial agreement from both the parties that can have a profound impact on the company. The following are common types of negotiation in procurement: 1.

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Supplier negotiation Negotiation Suppliers Supply Chain Efficiency 89

Procurement Tactics

JULY 19, 2023

Negotiation Course Learn from industry experts who negotiated billion $ deals 2. In this article, we will discuss what warehouse management is. We will talk about the importance and the processes involved in managing your warehouse. Thus, you can effectively use some of our tips to improve your warehouse management.

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

ProcurePort

AUGUST 23, 2022

Relationship management begins from vendor prequalification, to contracting, and eventually to performance and evaluation. The post Supplier Contract Negotiation In Procurement: 5 Things to Remember appeared first on ProcurePort Blog. The contracting process is often a complex one and understandably so. Both […].

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Negotiation Contract Suppliers Procurement 130

Negotiations Ninja

JUNE 12, 2023

Moshe Cohen has been teaching negotiation and mediation for 27 years. So he went to business school, took a negotiation class, and fell in love. He became a mediator and quickly transitioned into teaching mediation, negotiation, […]

Negotiation 52

Negotiation Management 52

Una

MARCH 8, 2023

Pain Points in Procurement Series When Supplier Negotiations Come to a Standstill What to do when supplier negotiations appear to be at an impasse, why negotiations break down, and how to up your chances for success. This week, we explore the challenges and solutions involved when supplier negotiations hit an impasse.

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Supplier negotiation Negotiation Suppliers Buyers 97

Procurement Insights

FEBRUARY 26, 2024

In short, negotiating is (or should) not be based on an adversarial, game theory approach in which there is a winner and a loser. Even in my career, I can remember, in the early 1980s, a top sales manager telling his sales team that he was changing positions to take over management of the service department.

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Negotiation Chief Procurement Officer Sustainability Procurement 59

Art of Procurement

OCTOBER 19, 2023

The post Negotiating Lessons from Hollywood Labor appeared first on Art of Procurement. Why did the Hollywood writers’ strike take so long to resolve and why is the screen actors’ guild still on.

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Negotiation Procurement Risk management Risk 94

Supply Chain Brain

MARCH 12, 2023

A negotiations strategy fueled by artificial intelligence provides a holistic approach to manage economic hurdles, while positively impacting the bottom line.

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Negotiation Strategy Management 109

Procurement Tactics

JULY 20, 2023

Negotiation Course Learn from industry experts who negotiated billion $ deals 2. However, with the advancement of technology, businesses now have access to software that simplifies and automate the entire order management process. Supplier Order Management Software: What it is?  Menu Course Library 1.

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supply chain software solutions Suppliers Management Real-time Visibility 134

SCMDOJO

JULY 26, 2023

Negotiation, a crucial skill in the realms of business and procurement, demands the ability to remain calm, collected, and confident even in the most challenging situations. Thankfully, in our digital age, we have access to an array of mediums for training and communication that can aid us on this journey of honing our negotiation prowess.

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Negotiation Ethics Category management Supply Chain Efficiency 92

Negotiations Ninja

JULY 10, 2022

Suzanne is a Professor of Management & Conflict Resolution at George Mason University. And throughout her years as a consultant, professor, and advisor, she’s witnessed how gender biases and cultural biases impact one’s ability to negotiate. It’s time to question what unconscious biases are impacting your negotiations.

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Negotiation Management 97

Skill Dynamics

JULY 22, 2022

Negotiation is key to business success. Successful negotiation involves good interpersonal and communication skills used together to bring a desired result. A good negotiator can ensure the right prices are secured, which makes a significant contribution to an organization’s success. Good negotiators are normally very patient.

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Negotiation Supply Chain Efficiency Supply chain Procurement 111

Empowering CPO

FEBRUARY 20, 2023

For national and global companies maintaining such, a large fleet for their entire eligible workforce is tiresome, and managing it is sometimes a challenge. Most of the cost components were along with the pass-through cost and hence our client was unable to differentiate and identify the parameters that can be negotiated.

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Negotiation Management Buyers Contract 52

ProcurePort

SEPTEMBER 21, 2022

• Vendor management is the process and best practices of managing suppliers or simply vendors. Vendor management is a complicated and sequential process that involves selecting vendors (based on price, quality, and delivery), negotiating contracts, onboarding vendors, evaluating performance, and controlling costs.

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Vendor management Management Procurement Negotiation 130

Procurement Insights

FEBRUARY 5, 2024

Learn more: cokeurl.com/p81wi7 Regarding the above post by The Coca-Cola Company, here are articles by Professor Dr. Roman Trötschel and Dr. Johann Majer titled “ Negotiating Sustainability: The Role of Joint, Interactive Decision-Making Processes towards Sustainable Solutions. Join the conversation and share your thoughts?

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Procurement Tactics

AUGUST 23, 2022

Contract Management Process — Everything You Should Know. The contract management process is an essential part of the organization to handle contracts with its third parties. For this article, we will talk about what the contract management process is. So without further ado, let’s start uncovering contract management. .

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Contract management Contract supply chain software solutions Management 130

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.

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Negotiation Procurement Procurement strategies Buyers 52

ProcurePort

APRIL 28, 2022

• Vendor management refers to the set of activities an organization undertakes to optimize its working relationship with its suppliers. Vendor management activities involve cost management, risk management, contract negotiations, and performance evaluation. • The post What is Vendor Management in Procurement?

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Vendor management Management Procurement Risk management 130

Barkers Procurement

JANUARY 29, 2024

2024 Contract Negotiation Guide. In procurement, you have to negotiate the contracts to get the best deal for your organisation; however, this is going to be much harder in 2024. Successful negotiation will take a combination of negotiation know-how, interpersonal skills and planning. But we don’t live in a perfect world.

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Negotiation Contract supply chain budgeting Price 52

Spend Matters

FEBRUARY 14, 2024

This Spend Matters Vendor Analysis Update provides an overview of Pactum and its solution for long-tail negotiations. Once a Spend Matters Future 5, Pactum has continued to grow in recent years to make negotiation autonomous for large organizations. This content is for members only. Visit the site and log in/register to read.

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Negotiation Buyers Contract Suppliers 78

Shapiro Negotiations Institute

JANUARY 26, 2024

Right away he noticed that his procurement team, though talented and skilled in their trade, faced a few challenges while negotiating supplier and vendor contracts , as they were not formally versed in the nuances of negotiation. “SNI was flexible and willing to listen to our situation. .”

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Negotiation Procurement Procurement team Vendor relationships 59

Procurement Tactics

OCTOBER 6, 2022

RFP in Project Management — Everything You Should Know. RFP in project management is an important part of the procurement process as it gives you relief once you finally submitted the finished proposal. However, how do you manage your RFPs in your company? . RFP in Project Management. Online Certification Program. ?

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Project management Management Bidding Buyers 180

World of Procurement blog

APRIL 23, 2024

In the complex structure of modern businesses, the role of a procurement manager is pivotal for efficient operations and cost management. Here, we dive into what a procurement manager is, what their job entails, the typical day in their life, the career path, and, of course, the remuneration that comes with this crucial role.

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supply chain budgeting Management Procurement Chief Procurement Officer 52

World of Procurement blog

APRIL 23, 2024

In the complex structure of modern businesses, the role of a procurement manager is pivotal for efficient operations and cost management. Here, we dive into what a procurement manager is, what their job entails, the typical day in their life, the career path, and, of course, the remuneration that comes with this crucial role.

supply chain budgeting 52

supply chain budgeting Management Procurement Chief Procurement Officer 52

Spend Matters

APRIL 2, 2024

Over the last several years, a mix of traditional and generative AI (GenAI) have made their way into vendor management solutions and changed how contingent labor and service workers are engaged and managed. The post Meet AI in Vendor Management Systems appeared first on Spend Matters. This content is for members only.

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Vendor management Management Strategic planning Sourcing 92

Shapiro Negotiations Institute

JANUARY 27, 2023

Supporting women begins with taking a more forward approach to career goals and negotiations, showing prospective clients that you mean business. Women also have the propensity to undervalue their value in the workplace and have been conditioned to shy away from aggressiveness, a crucial trait for a fruitful negotiation.

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Negotiation Influencing Leadership Import 52

SCMR (Supply Chain Management Review)

MAY 30, 2023

In the realm of procurement, it is crucial for professionals to strategically generate substantial value during deal negotiations, especially when dealing with supplier agreements that encompass more than mere pricing considerations.

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Negotiation Procurement Price Suppliers 98

Una

NOVEMBER 13, 2023

How to Negotiate in a Power Imbalance Strategies you can use to negotiate in a power imbalance and level the playing field in a way that leads to win-win outcomes for everyone involved. Strategies to negotiate in a power imbalance Let’s talk strategy. How do you negotiate when the odds seem stacked against you?

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Negotiation Purchasing Price Suppliers 52

Shapiro Negotiations Institute

FEBRUARY 7, 2023

Many businesses need effective negotiation skills in day-to-day activities, whether for internal changes, client discussions, or for contract negotiation. A software contract is one part of business negotiation that might be unanticipated, but it is often an important part of business operations.

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Negotiation Contract Price Budget 52

Procurement Tactics

DECEMBER 20, 2022

Contract Lifecycle Management Software — The Ultimate Guide of 2023. Integrating contract lifecycle management software is one of the best ways to manage contracts in a company. In this article, we will discuss what contract lifecycle management software is. This is where contract lifecycle management comes into mind.

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Procurement Insights

JANUARY 22, 2024

Are you optimizing your negotiations amidst all of the chaos? – Mike Caster My Thoughts (For What It’s Worth) “Optimizing your negotiations amidst all of the chaos?” So, I put the following search term into Google, “optimizing your negotiations amidst all of the chaos?

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Supply Chain Optimization Agile and Lean Supply Chain Negotiation Supply chain 71

Procurement Freelancers

JULY 24, 2023

In this highly competitive business landscape, procurement ⁠ freelancers must possess valuable negotiation skills. With companies… The post The Art of Negotiation: How Procurement Freelancers Can Master the Game first appeared on Procurement Blog | Procurement & Supply Chain News.

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Negotiation Procurement Supply chain Supply 96