SupplyShift

JUNE 6, 2023

Sustainability and responsible sourcing professionals often face the challenge of engaging their procurement teams in sustainability initiatives. With procurement professionals managing a significant portion of company revenue, they play a crucial role in supply chain sustainability.

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Procurement team Sustainability Procurement Collaboration 93

The Procuretech Podcast

APRIL 16, 2024

This week on The Procurement Software Podcast, host James delves into the concept of creating the ideal procurement team by combining human expertise with technology. Join the discussion on how to merge human talent with technological advancements to elevate procurement's efficiency and added value to new heights.

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Procurement team Procurement Category management Budget 40

ProcurePort

JANUARY 23, 2020

As a company, it is important to run a procure to pay system if you are concerned about managing cash flow, making profits and doing business with reputable suppliers. The post 5 Procure to Pay Risks Procurement Teams Could Miss appeared first on ProcurePort Blog. In this post, we’ll look at 5 […].

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Procurement team Risk Procurement Suppliers 130

NLPA (Next Level Purchasing Association)

FEBRUARY 2, 2024

The ever-evolving world of procurement demands agility, efficiency, and a sharp eye for optimization. This article dives into 7 situations where process improvement can revolutionize your procurement team and skyrocket your bottom line. Is your procurement team facing any of these situations? Look no further!

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Procurement team Procurement Collaboration Risk 52

Skill Dynamics

AUGUST 11, 2022

Managing strategic suppliers effectively is essential for procurement and supply chain teams to improve processes and drive competitive advantage for their organization. Investing time and effort in managing these suppliers will contribute considerably to the success of your organization.

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Procurement team Suppliers Supply chain Supplier relationship management 52

ProcurePort

MARCH 23, 2022

Efficient software for purchase order management allows procurement teams to cut sourcing and procurement costs, improve vendor relationships, and ultimately the company’s bottom line. The post Purchase Management: Purchase Order Software, Purchase Order Management appeared first on ProcurePort Blog.

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Purchase orders Purchasing Management Vendor relationships 130

Supply Chain Brain

DECEMBER 20, 2023

From scenario planning to relationship building, procurement teams are in a new era of risk management that will be crucial for long-term success.

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Risk management Risk Management Procurement 126

The Good Spending

MAY 28, 2023

Building a High-Performing Procurement Team While efficient sourcing, negotiation, and supplier management are crucial for organizational success, the strength of the procurement team is equally important. This is where the Belbin Team Role Theory comes into play.

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Procurement team Procurement Category management Sourcing 52

ProcurePort

AUGUST 24, 2021

Can purchase order management software improve efficiency for procurement teams? The question of efficiency is one that every procurement team is seeking answers for. The post Efficient Purchase Order Management Software appeared first on ProcurePort Blog. The more suppliers you have to […].

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Purchase orders Purchasing Chief Procurement Officer Management 130

Procurement Leaders

JUNE 20, 2023

Take the Category Planning Guide 2024 survey if you are interested in benchmarking your category maturity against others, as well as gaining access to insights into: Where category managers spend their time – and what they should be focusing on to maximise returns Key planning benchmarks, including: Savings Price change predictions Stakeholder criteria (..)

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Procurement team Procurement Influencing Buyers 147

NLPA (Next Level Purchasing Association)

FEBRUARY 29, 2024

In today’s dynamic business landscape, category management in procurement has become an essential weapon for procurement teams seeking to optimize spend, strengthen supplier relationships, and drive growth. This is where category management in procurement emerges as a game-changer.

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Category management Management Procurement Supplier relationship management 52

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. However, not many people know their real role in procurement. . In this article, we will discuss what a strategic sourcing manager is.

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Strategic sourcing Strategic sourcing Sourcing Management 200

ProcurePort

AUGUST 17, 2020

As discussed in previous articles, there are various roles throughout a procurement team. While each role serves a specific function – they are all independently crucial to the overall success of the procurement team. HCM Works defines vendor management as, […].

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Vendor management Management Procurement Procurement team 130

Art of Procurement

APRIL 2, 2023

“At the end of the day, procurement is a business enabler. The post [Pod] Architecting and Enabling Amazing Procurement Teams w/ Fadi El Mouallem appeared first on Art of Procurement. No company can grow without its suppliers.

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Procurement team Procurement Suppliers Category management 52

Procurement Tactics

JULY 19, 2023

ChatGPT & AI Use ChatGPT to automate procurement processes 5. In this article, we will discuss what warehouse management is. We will talk about the importance and the processes involved in managing your warehouse. Once you are done reading this article, you will have a deeper knowledge on how you can manage your warehouse.

Supply Chain Optimization 170

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

ProcurePort

SEPTEMBER 14, 2020

Procurement teams have to operate similarly to that of a clock. Contract management is one of the most important aspects in […]. The post Enhancing Your Contract Management System for 2021 appeared first on ProcurePort Blog. Each piece a cog, whose function affects the entirety of the clock.

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Contract management Contract Management Procurement team 130

ProcurePort

AUGUST 13, 2020

Contract management software (CMS) is revolutionizing the way sourcing and procurement teams do business. ProcurePort has one of the best contract management software on the market: a cloud-based option that’s secure, easy-to-use, and offers customizable contract templates. […].

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Contract management Contract Management Procurement team 130

Una

DECEMBER 20, 2022

How to Bring More Spend Under Management. Pocurement professionals apply the term spend under management to measure and communicate their team’s impact on the organization at large. While the definition can vary, it’s generally defined as the percentage spend that falls under procurement’s management.

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Management Buyers Procurement team Contract 98

Procurement Tactics

AUGUST 19, 2022

Vendor Management Best Practices — The Ultimate Guide of 2022. Vendor management best practices are utilized to boost business growth and productivity. For this article, we will discuss what the best practices in vendor management are. We will also share the benefits of vendor management that will captivate you to use it. .

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Vendor management Management e2e Negotiation 130

ivalua

AUGUST 26, 2021

Redwood City, CA – 26th August 2021 – Research from Ivalua, a leading global spend management cloud provider, has revealed more than half (58%) of European suppliers said buyers rarely or never include responsible labour practices in contracts or agreements. The report also identified a lack of consistent monitoring of labour standards.

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Procurement team Suppliers Buyers Procurement 100

Procurement Tactics

JULY 20, 2023

ChatGPT & AI Use ChatGPT to automate procurement processes 5. However, with the advancement of technology, businesses now have access to software that simplifies and automate the entire order management process. Supplier order management refers to the activities involved in placing and tracking orders with suppliers.

supply chain software solutions 134

supply chain software solutions Suppliers Management Real-time Visibility 134

ivalua

APRIL 27, 2023

Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. We’re seeing a lot of interest in ESG, specifically on the topic of measuring and managing carbon emissions,” he said. “At

Sustainability 130

Sustainability Risk Supply Chain Efficiency Agile and Lean Supply Chain 130

Procurement Leaders

MARCH 10, 2023

For Mirela Boldu, senior programme manager – supplier risk management, managing these threats is crucial to the function. We also have a very strong subject-matter expert team in place. ” The multitude of risks buyers face represents an issue Boldu is not focused on one specific threat.

Collaboration 147

Collaboration Supply chain Management Risk management 147

ivalua

FEBRUARY 10, 2023

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. Ivalua’s Contract Management module allows you to easily track milestones and consumption in real time across multiple agreements.

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Price Strategy Sourcing Real-time Visibility 264

Positive Purchasing

MARCH 20, 2024

Can Digital Category Management Enhance Efficiency Without Sacrificing Human integrity? Aiko Wiegand, Co-Founder & CEO of Matchory, says: “Matchory is thrilled to be partnering with Positive Purchasing, known for their flexible solutions spanning category management, supplier relationship management, negotiation, and sustainability.

Category management 52

Category management Management Supplier relationship management Procurement team 52

ivalua

JANUARY 8, 2023

In compliance with the Act, companies are required to implement a supply chain management system that adequately identifies and mitigates risks, conducts reporting and creates remediation mechanisms. The new set of regulations add an additional layer of compliance and risk management to the procurement process.

supply chain software solutions 244

supply chain software solutions Supply Chain Efficiency Supply chain Procurement 244

RPF360

NOVEMBER 3, 2022

Does your procurement team take requests? Listening to and serving stakeholders is a big part of creating a successful procurement team. Fortunately, a procurement request form makes it easy for stakeholders to initiate a project and engage with procurement.

Procurement 195

Procurement Procurement team Management 195

ivalua

AUGUST 16, 2021

A checklist guide to getting the most out of your supplier risk management program. In order that sourcing and procurement teams fully optimize their supplier network, there needs to be a change in the way organizations view all suppliers. Objectives for Supplier Risk and Performance Management. People and Organization.

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Risk Suppliers Management Supply Chain Efficiency 130

Procurement Templates

MARCH 6, 2024

When procurement bear fruit who are you within the fruit basket? Pineapple Procurement Manager: Imagine this person as the pineapple of the procurement team—sweet on the outside but with a tough core when it comes to negotiations. Despite their sometimes prickly exterior (managers have a lot on their plates!)

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Procurement Procurement team Negotiation Innovation 130

Una

JANUARY 9, 2023

Managing Tail Spend to Avoid "Porcelain Dalmatians". 5 steps to take when managing tail spend to avoid making purchases within an organization that go underutilized or unused. Tail spend refers to an organization’s high-volume, low-value transactions that are typically unmanaged by the procurement team.

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Management Spend management Purchasing Procurement team 97

Procurement Templates

APRIL 15, 2024

Communicate Vision: Share the vision and objectives with the procurement team and stakeholders to gain buy-in and alignment. Stage 4: Process Improvement Days 31-40 Streamline Processes: Implement improvements to streamline procurement processes, reduce inefficiencies, and enhance compliance.

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Procurement team Contract management Innovation Suppliers 130

Positive Purchasing

FEBRUARY 13, 2024

Can Digital Category Management Enhance Efficiency Without Sacrificing Human integrity? We’re tackling this of-the-moment topic during our upcoming webinar, Digital Category Management – Is it Robust, Faster and Better? , Tick box Category Management’ is a thing of the past. on Monday 26 February at 3PM GMT/10AM ET.

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Category management Management Procurement team Procurement 52

Supply Chain Game Changer

JANUARY 30, 2019

Procurement bridges the gap between product, internal stakeholders and customers. In order to support the weight of internal and external expectations, Procurement teams must be prepared to perform as a key value adder within an organization. Article, and permission to publish here, provided by Sam Jenks at [link].

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Procurement team Procurement Sustainability Suppliers 56

Procurement Foundry

JANUARY 3, 2023

Management is facing higher expectations than ever before and comes with a job description that requires a multi-faceted work strategy.

Chief Procurement Officer 52

Chief Procurement Officer Risk Management Procurement team 52

Supply Chain Game Changer

AUGUST 5, 2021

What is Supplier Relationship Management (SRM)? The Supplier Management Secret Recipe article and permission to publish here provided by Sam Jenks. Building a secret recipe for smooth supplier management requires a foundation, which you can build upon, experiment with, and eventually make your very own. Subscribe Here!

Suppliers 98

Suppliers Management Supply Chain Efficiency Agile and Lean Supply Chain 98

Procurement Templates

MARCH 3, 2024

Here’s a breakdown of the key steps involved in conducting a procurement category analysis: Category Identification : The first step is to identify and define the various procurement categories relevant to the organization. Data Collection : Gather comprehensive data related to spending within each procurement category.

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Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Spend Matters

DECEMBER 5, 2022

Categories: Analysis , CSR , Procurement Strategy & Planning , Sustainability , Technology Tags: PRO For most procurement organizations, carbon management — and greenhouse gases (GHG) more broadly — is a hot topic (no pun intended). There are multiple challenges to tackle, many of which apply to other ESG areas.

Management 81

Management Procurement strategies Procurement team Sustainability 81