ivalua

JULY 14, 2022

Ivalua study finds 97% of procurement leaders see significant disruption in direct materials supply chain; 67% not confident in existing technology; 84% consider modernization a ‘strategic priority’. A full 84% of procurement leaders agree that dealing with supply chain disruptions has been their biggest career challenge to-date.

Supply Chain Efficiency 244

Supply Chain Efficiency Supply Chain Optimization supply chain software solutions Supply chain 244

ProcurePort

NOVEMBER 10, 2023

Holistic Risk Management Approach: Proactive Identification: Implementing proactive measures to identify and assess diverse risks, ranging from supply chain disruptions to market fluctuations, regulatory changes, and operational inefficiencies. appeared first on ProcurePort Blog.

Risk management 130

Risk management Risk Import Management 130

Procurement Templates

MARCH 7, 2024

A procurement playbook is a comprehensive document or set of guidelines that outlines the processes, procedures, best practices, and standards for managing procurement activities within an organization. It serves as a reference guide for procurement professionals and other stakeholders involved in purchasing goods and services.

Supply Chain Efficiency 130

Supply Chain Efficiency Procurement Ethics Contract management 130

ProcurePort

SEPTEMBER 30, 2022

• Procurement is the business of sourcing goods and services from vendors. Depending on the size of the organization and the unique needs of the business, procurement can be quite complex. • And, a complex operation that takes money out of the company is one that requires a truly efficient management process if costs are […].

Management 130

Management Procurement Business procurement Sourcing 130

ProcurePort

NOVEMBER 10, 2023

Agile Procurement involves a new way of thinking. Successful examples show that being flexible in procurement brings better responsiveness, smoother processes, and strong supplier relationships. It promotes flexible sourcing and working closely with suppliers. It also involves adapting plans and constantly improving through feedback.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply chain management Supply chain management Supply chain 130

RPF360

NOVEMBER 17, 2022

What does it mean to be a procurement manager? Explore the procurement manager role, responsibilities and challenges. The post What is a procurement manager? This valuable role is growing in strategic importance for many businesses.

Management 186

Management Procurement Networking Import 186

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?

Contract management 189

Contract management Contract Management Negotiation 189

Procurement Tactics

SEPTEMBER 6, 2022

33 Procurement Interview Questions in 2022. Managing A Procurement Team – Definitive Guide. Managing a procurement team is difficult. You have this new wave of procurement professionals coming your way with different ideals and perspectives due to the generation gap. First Name. Download Free Whitepaper ?.

Procurement team 130

Procurement team Management Procurement Innovation 130

ProcurePort

JULY 14, 2022

• The procurement function helps organizations acquire or obtain the products (and services) needed for discrete purposes: sales, marketing, product design, distribution, or even brand positioning. • The post What Is Project Procurement Management? appeared first on ProcurePort Blog.

Procurement 130

Procurement Management Sourcing Supply 130

ProcurePort

DECEMBER 3, 2020

Contract management is one of the key duties procurement and sourcing teams must attend to. An orderly contract management process can grow business and increase revenue. To get the best value from each supplier contract, it is imperative to know and understand exactly what is contract management.

Contract management 217

Contract management Contract Management Procurement 217

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.

Category management 52

Category management Management Procurement Supplier relationship management 52

Procurement Templates

JANUARY 5, 2024

Creating a comprehensive contract management checklist involves several key steps to ensure effective oversight and compliance. Ongoing Management: Schedule regular reviews of contract performance. Risk Management and Mitigation: Identify potential risks associated with the contract. Identify stakeholders and their roles.

Contract management 130

Contract management Contract Management Negotiation 130

NLPA (Next Level Purchasing Association)

MARCH 16, 2023

Spend Management is a critical function within an organization, and it involves the strategic management of the company’s spending to reduce costs, improve efficiency, and enhance profitability. However, the Director’s perspective will likely be more strategic, while the Manager’s perspective may be more operational.

Spend management 98

Spend management Management Procurement supply chain budgeting 98

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.

Vendor management 130

Vendor management Management Procurement Negotiation 130

ABC of Procurement

JULY 14, 2023

Procurement does not have only SRM - Supplier relationship management. The post Stakeholder management first appeared on ABC of Procurement. We have an equally important element - our stakeholders.

Management 130

Management Supplier relationship management Suppliers Procurement 130

ProcurePort

APRIL 26, 2022

• The procurement function is among the most critical processes in most organizations. • The procurement function entails identifying goods and services required by the organization, inquiring about their availability, and assessing suppliers based on quality, cost, and delivery conditions.

Vendor management 130

Vendor management Management Procurement Quality 130

ProcurePort

JUNE 22, 2022

• Succeeding as a procurement manager in a dynamic operating environment requires a combination of numerous procurement manager skills. • The availability of large amounts of data and technology means that managers […]. The availability of large amounts of data and technology means that managers […].

Management 130

Management Procurement Sourcing Data 130

ProcurePort

JANUARY 12, 2022

If you struggled with your procurement management process before, your fight ends here. In this post, we outline 5 key steps that will help you to establish a good framework for properly managing your procurement activities in 2022.

Management 130

Management Procurement 130

ProcurePort

APRIL 4, 2024

One such avenue that has gained significant traction in recent years is electronic procurement, commonly known as e-procurement. E-procurement uses digital tech to streamline the procurement process, from finding suppliers to buying and managing contracts. […] The post Why should I opt for E-procurement?

Procurement 130

Procurement Contract Suppliers Management 130

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?

Vendor management 130

Vendor management Management Procurement Risk management 130

Procurement Templates

FEBRUARY 13, 2024

Happy Valentines day, here is some procurement satire for February the 14th! Lack of Emotional Sensitivity: Procurement departments are typically focused on logistics, cost-effectiveness, and efficiency, which may not align with the emotional nuances and sentimentality of Valentine’s Day.

Procurement 264

Procurement Procurement team Budget Negotiation 264

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.

Risk management 126

Risk management Risk Management Procurement 126

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?

Inventory 187

Inventory Management Real-time Visibility Inventory control 187

Procurement Tactics

JULY 19, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. ChatGPT & AI Use ChatGPT to automate procurement processes 5. In this article, we will discuss what warehouse management is.

Supply Chain Optimization 170

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

Procurement Templates

MARCH 6, 2024

Ok, so we all agree that us procurement people are powerhouses to yield good results, well most of the time! So, here’s a breakdown of procurement personalities in the office if they were different fruits for you and your colleagues to debate what fits who! When procurement bear fruit who are you within the fruit basket?

Procurement 130

Procurement Procurement team Negotiation Innovation 130

ProcurePort

MARCH 28, 2024

Negotiation is at the heart of procurement. Whether you’re securing the best prices, managing supplier contracts, or resolving disputes, the ability to negotiate effectively is crucial for procurement professionals. In business today, being good at negotiation is more than just getting a good deal.

Negotiation 130

Negotiation Procurement Contract Price 130

Procurement Tactics

MARCH 16, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Strategic Procurement — Everything You Should Know Strategic procurement allows businesses to meet the demand of the current procurement landscape by making sense of the data and automating the procurement process.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

Procurement Tactics

OCTOBER 13, 2022

33 Procurement Interview Questions in 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. . What is a Strategic Sourcing Manager?

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

ProcurePort

SEPTEMBER 8, 2022

• Strategic procurement refers to a long-term plan to enhance the supply of specific goods and services essential to meeting an organization’s core objectives. Strategic procurement is a […]. The post Strategic Procurement and Supply Chain Management: What is it? appeared first on ProcurePort Blog.

Supply chain management 130

Supply chain management Supply chain management supply chain budgeting Supply chain 130

Procurement Leaders

JANUARY 16, 2023

So, how we manage risk is what keeps me up at night… We try to be robust as a procurement organisation because, as a commodities company, risk is a part of our everyday life: we can have a crop failure, we can have a delivery failure, we can have a quality failure, so how do we handle that?

Risk 246

Risk Management Risk management Strategic planning 246

Art of Procurement

OCTOBER 8, 2023

“If you want to be successful in what you do personally or professionally, you’ve got to manage relationships because the. The post Managing Services Procurement on a Grand Scale appeared first on Art of Procurement.

Management 80

Management Procurement Category management Leadership 80

Procurement Tactics

FEBRUARY 19, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter ChatGPT in Procurement — Revolutionizing the Norm ChatGPT is getting popular not just in procurement but also in various industries as it assists professionals in their everyday work. What is ChatGPT?

Procurement 287

Procurement Market analysis Contract Suppliers 287