article thumbnail

Why Supply Management Suites are Winning the Day: Best Practices for Procurement Technology Selection

ivalua

The post Why Supply Management Suites are Winning the Day: Best Practices for Procurement Technology Selection appeared first on Ivalua.

article thumbnail

Analyst eye on how purchasing must really become supply management

Spend Matters

Forty years ago, the Harvard Business review published Peter Kraljic’s article ‘ Purchasing Must Become Supply Management ,’ which debuted the supplier segmenting method that we now know as the Kraljic matrix. For this, you really need supply management.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Understanding Spend Management Perspectives: CFO, CEO, Procurement Director & Procurement Manager

NLPA (Next Level Purchasing Association)

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.

article thumbnail

Procurement Speakers 2022 – 10 Most Popular Experts

Procurement Tactics

33 Procurement Interview Questions in 2022. Procurement Speakers 2022 – 10 Most Popular Experts. Procurement speakers share their knowledge to inspire people in procurement that they are making a difference in the world. However, not all in the field of procurement are updated as they are more focused on their work. .

article thumbnail

Supply Management and Performance

NLPA (Next Level Purchasing Association)

One of the essential mechanisms of Supply Management and Performance is a Supplier Rating Program, where you will collect, analyze, and use data to optimize supplier performance. If the 80-20 rule applies and 20% of your suppliers comprise 80% of your procurement dollars, rate that 20%. The Complete Supplier Management Strategy.

article thumbnail

Chat GPT Take on Procurement Leadership

Procurement Templates

I asked Chat GPT about Procurement Leadership and I have to say the response is good! Who are the procurement leaders? ChatGPT As an AI language model with a knowledge cutoff in September 2021, I can provide you with information about prominent procurement leaders up until that time. As the CEO of Apple Inc.,

article thumbnail

What does a Procurement Manager do? Job Description, Skills, and Qualifications

Arkestro

Resources / Blog / What does a Procurement Manager do? Job Description, Skills, and Qualifications What does a Procurement Manager do? Job Description, Skills, and Qualifications As firms continue to leverage technology to carry out sourcing and procurement tasks, market demand for procurement is growing.