Procurement Tactics

AUGUST 19, 2022

Or receive our famous weekly newsletter. 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. What is Vendor Management? ENROLL NOW.

Vendor management 130

Vendor management Management e2e Negotiation 130

Una

APRIL 18, 2023

Mark is an experienced procurement leader with a broad area of focus including sourcing, supply management, contracts management, supplier relationship management, risk management, and inventory management. .” In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Mark Trowbridge.

Risk 133

Risk Supplier relationship management Contract management Supply Chain Efficiency 133

Procurement Tactics

MARCH 23, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Source-to-Contract — The Ultimate Guide Source-to-contract is an important process in procurement. Additionally, we will tell you some tips on how you can manage it source-to-contract when disruption arises.

Contract 156

Contract Sourcing Purchase orders Bidding 156

Una

OCTOBER 31, 2023

Change Management Tips for Procurement Professionals Practical change management tips for overcoming resistance from stakeholders and getting your procurement changes to stick for good. Change management tips for procurement To fear change is human. Create a compelling case for change Make a strong business case for the change.

Change management 52

Change management Management Procurement Leadership 52

Procurement Tactics

JUNE 28, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Commodity Trading — Everything You Should Know Commodity trading plays a vital role in the way of how our lives work and how the economy functions.

Raw materials 178

Raw materials Supply Chain Efficiency Price Market analysis 178

Procurement Leaders

MAY 7, 2024

To receive weekly insights from the Procurement Leaders community, sign up to the CPO Crunch newsletter using the link at the top of this page. It only takes a few minutes to participate in the survey, but the insights it provides can fundamentally improve the decisions you make as a leader.

Strategic planning 236

Strategic planning Suppliers Supply chain Risk 236

Procurement Tactics

NOVEMBER 23, 2022

Or receive our famous weekly newsletter. It includes easy access to capital and markets, increased profits, improved brand image, gaining more customers, and better decision-making and risk management processes. . Or receive our famous weekly newsletter. 33 Procurement Interview Questions in 2022.

Procurement 206

Procurement Ethics Sustainability Supply Chain Efficiency 206

Procurement Tactics

APRIL 5, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Procurement Business Drivers — Embracing Sustainability Sustainable procurement business drivers are the factors why many businesses embrace sustainability within their operations.

Sustainability 187

Sustainability Procurement Supply Chain Efficiency Procurement strategies 187

Procurement Tactics

JUNE 5, 2023

First Name Email Download 51 Prompts →  Or receive our famous weekly newsletter Global Supply Chain — Everything About Supply Chain Global supply chain has become a popular way for businesses to source unique materials and products from other countries as they are unavailable domestically. Why is it Important?

supply chain budgeting 192

supply chain budgeting supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 192

Procurement Leaders

APRIL 15, 2024

In his latest book, Momentum, Kjell Nordstrum, author of the seminal management book Funky Business and a speaker at our upcoming CPO retreat Ovation in Maastricht this July, explores the forces that are driving change at multinational companies today.

Supply 130

Supply Sustainability Supply chain Demand 130

Planergy

SEPTEMBER 20, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Corporate travel management software streamlines business travel processes by automating tasks such as booking flights, tracking expenses, and providing insights into travel spending patterns. What Is Business Travel Management?

Management 52

Management Real-time Visibility Budget Spend management 52

Procurement Tactics

JUNE 28, 2023

Procurement Tracking is the process of monitoring and managing procurement activities. It enables managers and businesses to minimize costs, prevent and mitigate risks, and essentially identify issues and problems early on in the procurement process. What is Procurement Tracking?

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Procurement Leaders

FEBRUARY 6, 2024

So it was that we hosted a reactive CPO Connect call last week to explore the Middle East crisis, the potential impact of Taiwan and other global risks, as well as how CPOs and their teams are responding.

Supply Chain Efficiency 130

Supply Chain Efficiency Risk Suppliers Contract 130

The Procuretech Podcast

NOVEMBER 7, 2023

They touch on topics like organisational development, digitisation of processes, indirect costs, and risk management. Hans highlights that many mid-sized firms still rely on manual, outdated methods for procurement, particularly in areas like supplier management, risk management, and sustainability. Stay in touch!

Procurement 40

Procurement Risk management Buyers Risk 40

Una

JUNE 21, 2023

Sanja is the Head of Enterprise Procurement, Outsourcing & Third-Party Risk Management for Home Capital Group. In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Sanja Cancar-Todorovic.

Risk management 52

Risk management Supply chain Sourcing Procurement 52

Procurement Tactics

MAY 24, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Vendor Scorecards — Everything You Should Know Vendor scorecards simplify vendor management and are an important factor in monitoring supplier performance. However, what is it?

Supply Chain Efficiency 186

Supply Chain Efficiency Vendor management Negotiation Quality 186

The Procuretech Podcast

MARCH 12, 2024

Moreover, the podcast outlines various factors justifying ProcureTech investment, including cost savings through streamlined processes, risk management in complex supply chains, enhanced supplier relationship management, and the promotion of sustainability initiatives. Stay in touch!

supply chain budgeting 40

supply chain budgeting Budget supply chain software solutions Procurement 40

Planergy

SEPTEMBER 8, 2022

How better management in AP can give you better flexibility for cash flow management. Supplier Performance Management: How and What To Measure. Best Practices & Tips Supplier Performance Supplier Relationship Management. What Is Supplier Performance Management? Why Is Supplier Performance Management Important?

Suppliers 52

Suppliers Management Supplier relationship management supply chain budgeting 52

Procurement Tactics

JUNE 6, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Suez Canal — Everything About Supply Chain Suez Canal is an artificial waterway located in Egypt that connects the Mediterranean Sea to the Red Sea. However, how important is it in the supply chain?

Supply chain 204

Supply chain Supply Negotiation Import 204

The Procuretech Podcast

MARCH 1, 2022

Kicking off this week with the first of a number of interviews we'll be doing over the next couple of months with contract management platforms. My guest today is Elena Mechik of Berlin-based startup Inhubber, which offers a blockchain-based solution for contract management and tracking. Connect with James on LinkedIn.

Contract management 40

Contract management Contract Management supply chain software solutions 40

Una

APRIL 13, 2023

These vendors are now a part of your Supplier Relationship Management program. What does Supplier Relationship Management (SRM) involve? Broadly, the goal of a Supplier Relationship Management program is to optimize the value and performance of your key suppliers to achieve your business objectives.

Suppliers 98

Suppliers Supplier relationship management Agile and Lean Supply Chain Supply Chain Optimization 98

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. Supplier relationship management The job of building and nurturing strong relationships with suppliers never stops, even at the most senior levels of the procurement team.

Leadership 52

Leadership Procurement Ethics Supply Chain Optimization 52

Procurement Tactics

SEPTEMBER 21, 2022

Or receive our famous weekly newsletter. A well-thought risk management approach. 33 Procurement Interview Questions in 2022. First Name. Download Free Whitepaper ?. Sustainable Procurement Requirements — The Ultimate Guide. Sustainable procurement requirements are closely tied to the company’s culture and policies.

Sustainability 188

Sustainability Procurement Cost of ownership Suppliers 188

Una

APRIL 25, 2023

While it’s easy to dismiss busy workloads as just part of the job, the consequences of not being able to manage one’s time are very real. Poor time management – or lack of time altogether – can lead to missed deadlines, reduced quality of work, and overworked employees who become disengaged or suffer from burnout.

Procurement 94

Procurement supply chain budgeting Supply Chain Efficiency Contract 94

Una

AUGUST 21, 2023

It’s a reminder that even the most carefully laid plans must allow for the human element, or risk derailment. With no stakeholder needs to account for, no s upplier relationships to manage, and no mavericks to chase, procurement professionals could simply establish a plan and trust that it will play out as expected.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Ethics 52

Una

MARCH 30, 2023

That being said, here are some areas for procurement to consider focusing upon beyond cost reduction: Supplier relationship management (SRM) Procurement can focus on building strong relationships with suppliers to improve communication, collaboration, and transparency.

Procurement 104

Procurement Supply Chain Efficiency Procurement team Sustainability 104

Una

MARCH 16, 2023

If the procurement team in this example had more influence, the logistics manager wouldn’t have dreamed of making this sort of decision without first engaging them. Communicate effectively Procurement professionals need to communicate effectively with stakeholders, including senior management and heads of other departments.

Influencing 105

Influencing Procurement Cost of ownership Supplier relationship management 105

Planergy

JANUARY 26, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Supplier risk is always there, but using various risk management strategies can help you minimize the impact. You can integrate systems in various ways, but the more you integrate and customize, the higher your risk.

Risk 52

Risk supply chain software solutions supply chain budgeting Supply Chain Efficiency 52

Procurement Tactics

SEPTEMBER 19, 2022

Or receive our famous weekly newsletter. It offers a sustainable procurement impact assessment to identify spend categories with the most opportunity and risk. . Sphera provides ESG performance and risk management software, data, and consulting services. 33 Procurement Interview Questions in 2022. First Name.

Sustainability 130

Sustainability supply chain software solutions Supply chain Supply 130

Planergy

SEPTEMBER 5, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Whether you have a small business or a large corporation, the basic steps and best practices for managing budgets are the same. How to report and analyze indirect spend to identify savings opportunities.

supply chain budgeting 92

supply chain budgeting Budget Real-time Visibility Spend management 92

Una

FEBRUARY 13, 2023

Particularly in an era of Just-in-Time (JIT) supply management where businesses keep costs down by minimizing inventory, a supply chain only works so long as every link functions smoothly. Activate your supply chain backup plan First, risk management 101 in procurement involves having a network of backup suppliers for when disruption occurs.

Supply chain 98

Supply chain Supply Contract Suppliers 98

Una

NOVEMBER 29, 2023

Utilizing a GPO to manage some of the more time-consuming activities can help save you more money, time, and effort. Supplier relationship management Dedicate time to nurturing and strengthening relationships with your key suppliers. Day-to-day procurement tasks can bog you down.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supplier relationship management Strategic sourcing 52

Spend Matters

MARCH 11, 2024

Tech newcomers to PSI and Spend Matters FISCAL We met David Griffiths, CEO of FISCAL , a P2P risk management solution offering fraud forensics and SaaS risk software. Business case: You may get push back from very senior management who’ve seen it before – explain why it’s different this time.

Procurement strategies 92

Procurement strategies Innovation Strategy Procurement 92

Planergy

JANUARY 19, 2024

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Vendor analysis is crucial for risk management. Management: Meet with the vendor’s management team. What's Planergy? What is Vendor Analysis?

Vendor management 52

Vendor management Suppliers Quality Supply Chain Efficiency 52

Una

AUGUST 31, 2023

Supplier diversity Maintaining a diverse supplier base is important in terms of risk mitigation and ESG. Small businesses may struggle to find and engage with diverse suppliers, potentially missing out on valuable opportunities and risking reputational damage. Learn more about how to manage risk using a GPO here.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supplier relationship management 52

Planergy

OCTOBER 18, 2023

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Partnering with a travel management company (TMC) can help you access travel experts to make the most of your program. What's Planergy?

Risk 52

Risk Real-time Visibility Negotiation Management 52

Una

JUNE 15, 2023

The CPO is supported by strategic sourcing managers, category managers, buyers, analysts, contract managers, a compliance officer, an SRM manager, and others as new roles emerge. The key question is whether the outsourced service is significantly more expensive than the cost of managing that task with in-house employees.

Procurement 52

Procurement Supplier relationship management Procurement team Contract 52