Spend Matters

MAY 8, 2025

Instead of prioritizing the newest features, procurement leaders must evaluate tools based on how well they address core objectives, such as cost optimization, risk management and operational efficiency. In addition to external suppliers, procurement technology affects multiple stakeholders, including finance, IT and legal teams.

Procurement 64

Procurement Cost of ownership Stakeholder engagement Contract 64

Spend Matters

JUNE 2, 2025

However, procurement plays a critical role in reflecting cost-saving initiatives, supplier contracts and spend management efforts in financial statements and budget planning. Track spend under management to determine how much organizational spend is strategically controlled.

Sustainability 62

Sustainability supply chain budgeting Supply Chain Efficiency Real-time Visibility 62

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. However, if properly managed, tail spending can significantly reduce costs by as much as 10 percent or more of a company’s indirect expenses. .

Management 97

Management Spend management Purchasing Procurement team 97

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. In this guide, we’ll explore the key principles of category management and how it can benefit your organization. Read More: What Does a Procurement Manager Do?

Category management 107

Category management Management Supplier relationship management supply chain software solutions 107

Spend Matters

MARCH 6, 2025

Stakeholder engagement: The platform has built-in collaboration capabilities and integrates with existing solutions like MS Teams or Slack, for supplier collaboration and internal communication, ensuring that all parties are aligned and engaged through a consistent interface.

Supply Chain Efficiency 77

Supply Chain Efficiency Procurement Chief Procurement Officer Stakeholder engagement 77

Let's Talk Supply Chain

MAY 19, 2025

Today Im joined by ProcurementIQ , a company whose talented team of analysts, editors, sales, client services, management and support members work hard to serve the specific needs of procurement departments every single day. Guest bios: Anthony Samaniego, Customer Relationship Manager. 29.17] The ideal client for ProcurementIQ.

Purchasing 52

Purchasing Supply Chain Efficiency Data Agile and Lean Supply Chain 52

Procurement Insights

MARCH 21, 2025

Average Cost of Abandoning a Failed ProcureTech Initiative Cost Component Typical Range Software & Licensing (sunk) $250K $2M+ (enterprise) Implementation & Consulting Fees $100K $1.5M+ Internal Labor Costs $75K $500K+ Data Migration & Cleanup $50K $300K Change Management & Training $25K $150K Opportunity Cost / Business Impact (..)

Stakeholder engagement 52

Stakeholder engagement Change management Logistics Procurement 52

Procurement Tactics

SEPTEMBER 14, 2022

These activities range from the supply of raw materials to the distribution and the management of the lifecycle of products. . Improving freight collaboration and goods tracking with open logistics ecosystems connect businesses to management logistics by monitoring the transport methods in real-time. . Stakeholders engagement.

Sustainability 178

Sustainability Logistics Raw materials Supply Chain Efficiency 178

Barkers Procurement

JANUARY 8, 2023

Category management is a long-term, strategic approach to procurement in which certain employees or teams of employees are responsible for procuring specific types of items, such as IT equipment, office supplies or construction materials. When developing your category management strategy , you must have a comprehensive team of stakeholders.

Category management 52

Category management Management Market knowledge Stakeholder engagement 52

Procurement Heads

APRIL 27, 2023

From there he moved to Avis Budget Group, where he established a global procurement and supply chain function before becoming General Manager/Managing Director for Avis Budget’s car rental and mobility businesses in Denmark and Sweden, from where he has just returned. How are these skills useful and applied in wider roles?

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply chain Stakeholder engagement 130

Procurement Heads

APRIL 27, 2023

From there he moved to Avis Budget Group, where he established a global procurement and supply chain function before becoming General Manager/Managing Director for Avis Budget’s car rental and mobility businesses in Denmark and Sweden, from where he has just returned. How are these skills useful and applied in wider roles?

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply chain Stakeholder engagement 130

Jaggaer

FEBRUARY 5, 2025

In the end-to-end source-to-pay (S2P) process , strategic sourcing is the link between spend analytics, category management and contracts management, and is supported by supplier intelligence. Your focus here is to get security of service at a good price. Finally, in the bottom left we have basic suppliers, or your tail spend.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Efficiency Sourcing 52

Una

OCTOBER 26, 2023

What Skills Does an ESG Procurement Manager Need? Organizations are feeling the need to fill highly-skilled ESG procurement manager roles to meet consumer demand for sustainable goods. Why is demand for ESG procurement managers growing? What makes the role of ESG Procurement Manager so attractive?

Management 52

Management Procurement Supply Chain Efficiency Stakeholder engagement 52

Future Purchasing

NOVEMBER 10, 2021

Build category management coaching capability and unlock your team’s full potential. Well, there is, but for many, it’s been hiding in plain sight, building an internal business category management coaching capability. Often overlooked, however, is the potential for coaching to be used as a management tool from within.

Category management 52

Category management Management Leadership Stakeholder engagement 52

Procurement Templates

FEBRUARY 19, 2024

Systems and procedures: Implementing efficient systems and procedures for various functions such as performance management, resource allocation, and workflow helps streamline operations and improve organizational effectiveness. Communication plan for engaging employees and stakeholders.

Budget 130

Budget Change management Stakeholder engagement Collaboration 130

Spend Matters

NOVEMBER 21, 2023

Last month, I presented at a customer advisory board (CAB) session that Fairmarkit invited me to join to present on stakeholder engagement and alignment. using LLMs to help translate the language called ‘legalese’ out of documents into rich commercial data), it’s neck-and-neck with the ‘intake management’ process.

Strategy 113

Strategy Bidding Sourcing Stakeholder engagement 113

The Procuretech Podcast

AUGUST 6, 2024

This episode of The Procurement Software Podcast delves into the impact of technology and AI on category manager roles in procurement. Tune in to learn more about the evolving role of category managers in the era of technological advancements. Will Tech and AI make Category Management irrelevant?

Category management 40

Category management Management Stakeholder engagement Contract management 40

Procurement Heads

DECEMBER 5, 2022

I am the Commercial and Transformation Director, so I oversee procurement, contract management, and commercial activity and am working to support my colleagues in developing their operation model. It is very friendly, very positive and a reassuring culture. Can you tell us about your role at Orbit? What is your mandate at Orbit?

Contract management 130

Contract management Contract Stakeholder engagement Procurement 130

Future Purchasing

NOVEMBER 18, 2021

In some respects, business partnering has become the natural progression for Procurement teams to move from their traditional stakeholder engagement approach to a more sophisticated deeply embedded relationship status that identifies greater value for its stakeholder community.

Stakeholder engagement 52

Stakeholder engagement Procurement Procurement team Influencing 52

Spend Matters

JULY 24, 2023

So while this year’s report places a lot of emphasis on operating model set-up and talent management, we wish to highlight the ‘Digitization’ section because Procurement has a clear imperative to build agility and resilience into supply chains. Category management is the core engine for scaling processes.

supply chain budgeting 98

supply chain budgeting Agile and Lean Supply Chain Budget Risk 98

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. There will always be individuals who are hesitant or resistant to change.

Change management 52

Change management Management Procurement Leadership 52

Procurement Insights

APRIL 9, 2025

Impact : Eliminates miscommunication and delays, improving stakeholder satisfaction and implementation success. Predictive Risk Mitigation Challenge : Reactive risk management leads to costly supply chain failures. Agent-Based Solution : Agents operate across decentralized networks, managing thousands of variables (e.g.,

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility Supply Chain Optimization Agile and Lean Supply Chain 52

Procurement Insights

MARCH 2, 2024

Source: Project Manager, Nov 30, 2023 ) Staff & Compensation Recruiting and talent acquisition Internal staff and their salaries External staff ( third-party managed service providers /contractors/etc.) Taxes, except value-added taxes, are also included.

Budget 81

Budget Stakeholder engagement Project management Sourcing 81

Pipefy

MAY 29, 2024

Change management is different for every business, but there are common KPIs to measure employee engagement, adoption rate, and goal progress across companies, industries, and geographical locations. In both cases, key stakeholders may not understand the need for the change or its benefits.

Change management 52

Change management Management Real-time Visibility Stakeholder engagement 52

Procurement Insights

APRIL 14, 2025

This approach has encouraged procurement professionals to focus on solving underlying problems through comprehensive analysis and stakeholder engagement, leading to more sustainable and effective procurement solutions. Predictive Analytics: Leveraging data on stakeholder behavior to anticipate disruptions (e.g., customs delays).

Supply Chain Efficiency 52

Supply Chain Efficiency Ethics Influencing Procurement strategies 52

Procurement Templates

MARCH 3, 2024

Stakeholder Engagement : It’s important to involve relevant stakeholders in the assessment process to ensure that their needs and preferences are considered. Stakeholders may include department heads, end-users, finance teams, and others who will be impacted by the procurement decisions.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

ivalua

DECEMBER 6, 2022

Nowadays, Procurement practitioners primarily talk about emerging topics like the reduction of scope 3 emissions, supplier-enabled innovation and supply risk management. With so many stakeholders engaged in the P2P process, one function must take the lead in preventing functional sub-optimization.

e2e 130

e2e Suppliers Procurement Contract 130

Future Purchasing

OCTOBER 4, 2022

Hence, Procurement need to promote the value and benefits of planning and agreeing which projects are going to be worked on over the next 12-month period with their respective business stakeholders. Learnings : Review learnings from previous years’ category management activities with stakeholders and use them to drive improvement.

Category management 52

Category management Collaboration Real-time Visibility Management 52

Jaggaer

MAY 21, 2025

Stakeholder engagement is crucial to ensure a balanced view, involving internal and external insights. Impact Materiality involves assessing how their operations affect people and the environment. This assessment captures both positive and negative impactssuch as emissions, resource use, and social effectsthroughout the value chain.

Supply Chain Efficiency 52

Supply Chain Efficiency Sustainability Supply chain Risk 52

Procurement Templates

SEPTEMBER 14, 2023

Resource Conservation : Assess how suppliers manage and reduce resource consumption, including water, energy, and raw materials. Risk Management : Supply Chain Resilience : Evaluate suppliers’ strategies for mitigating risks related to environmental disruptions, such as natural disasters or resource scarcity.

Sustainability 130

Sustainability Supply Chain Efficiency Procurement Ethics 130

Supply Chain Trend

OCTOBER 14, 2016

The NPS is a powerful approach, however I will always suggest to ask more than one question to measure S&OP stakeholder engagement during an S&OP journey. However, S&OP has not yet substantially delivered on its ultimate promise of enterprise wide resource management, rolling forecasting and strategy deployment.

supply chain budgeting 84

supply chain budgeting Supply Chain Efficiency Influencing Stakeholder engagement 84

The Good Spending

AUGUST 23, 2022

It is agreeable that demand management is the sign of ultimate procurement professionalism. Value creation as the result of stakeholder engagement The authors of Stakeholder Salience model built their work around the process of value creation. If you managed to fully or partially waive it, then it's cost avoidance.

Procurement 98

Procurement supply chain budgeting Supply Chain Optimization Budget 98

Procurement Software

SEPTEMBER 24, 2024

This is especially the case for those requiring strategic thinking and more advanced stakeholder management skills. The future of P2P automation lies in more upstream processes, such as intake management. New tools are helping reduce maverick spend by engaging stakeholders early in the process. The key takeaway?

Procurement 52

Procurement Supplier relationship management Bidding Contract 52

Barkers Procurement

JANUARY 4, 2023

Ongoing projects, which were at differing milestones, needed procurement support and included; A new Workforce Management System . Whilst Procurement had offered some historical support to ICT there had not been a dedicated IT Category Manager in place at ECFRS. Stakeholder and People Management . Tender Management.

Procurement 52

Procurement Category management Project management Stakeholder engagement 52

Skill Dynamics

SEPTEMBER 22, 2022

Committed procurement professionals can become masters at negotiating favorable deals, managing complex contracts, and building strong relationships – all capabilities that will serve them well into their careers. Stakeholder engagement is also an important aspect of the job and a key challenge today.

Procurement 52

Procurement Stakeholder engagement Negotiation Contract 52

IBM Supply Chain Blog

DECEMBER 13, 2023

By assessing and proactively managing risks inherent in the supply chain , organizations can shield themselves from disruptions and strengthen the resilience of their operations. When implemented with clear objectives, the procurement strategy will provide a roadmap for procurement managers to follow.

Procurement strategies 65

Procurement strategies Strategy Procurement Supply Chain Efficiency 65

Barkers Procurement

JUNE 14, 2023

Mapping stakeholders in this way creates the opportunity for you to understand them and assess how much impact they will have on the project. The purpose is to develop cooperation between stakeholders and the project team. This will allow you to manage them better. All projects carry risks, so identify them early.

Risk management 52

Risk management Stakeholder engagement Risk Procurement 52