Procurement Tactics

DECEMBER 6, 2022

Or receive our famous weekly newsletter. Spend Management — The Ultimate Guide of 2023. Spend management is an important process to reduce losses and mistakes. However, how do you manage your spending? In this article, we will discuss what spend management is. What is Spend Management?

Spend management 172

Spend management Management Real-time Visibility Budget 172

Procurement Tactics

JULY 19, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. In this article, we will discuss what warehouse management is. We will talk about the importance and the processes involved in managing your warehouse. Additionally, we will tell you some tips on improving your warehouse management.

Supply Chain Optimization 170

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

Procurement Tactics

OCTOBER 18, 2022

?. Or receive our famous weekly newsletter. Supplier Relationship Management Software — Everything You Should Know. Supplier relationship management software is a very important factor for procurement managers to strengthen their relationship with their suppliers. Supplier Relationship Management Explained.

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

Procurement Tactics

JULY 20, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. However, with the advancement of technology, businesses now have access to software that simplifies and automate the entire order management process. Supplier Order Management Software: What it is?

supply chain software solutions 134

supply chain software solutions Suppliers Management Real-time Visibility 134

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

Spend Matters

MARCH 11, 2024

So it was good to see a nice mix of both presenting at Procurement Strategies and Innovation (PSI) last week. 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. Manage it and report it.

Procurement strategies 94

Procurement strategies Innovation Strategy Procurement 94

Una

FEBRUARY 20, 2023

Elements of a Diversified Procurement Strategy A diversified procurement strategy will utilize both traditional and nontraditional methods of sourcing to drive cost savings and value. This includes implementing aspects of a traditional procurement strategy and adding in some unconventional means to get desirable results.

Procurement strategies 98

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 98

Procurement Tactics

OCTOBER 6, 2022

Or receive our famous weekly newsletter. RFP in Project Management — Everything You Should Know. RFP in project management is an important part of the procurement process as it gives you relief once you finally submitted the finished proposal. However, how do you manage your RFPs in your company? .

Project management 180

Project management Management Bidding Buyers 180

Procurement Tactics

DECEMBER 20, 2022

Or receive our famous weekly newsletter. Contract Lifecycle Management Software — The Ultimate Guide of 2023. Integrating contract lifecycle management software is one of the best ways to manage contracts in a company. In this article, we will discuss what contract lifecycle management software is.

Contract 130

Contract Management e2e Contract management 130

Procurement Tactics

AUGUST 16, 2022

Or receive our famous weekly newsletter. Supplier Management — The Ultimate Guide of 2022. Supplier management is crucial for organizations that have many vendors or suppliers. They need to manage their supplier to maintain the relationship that they have built. What is Supplier Management? First Name. ENROLL NOW.

Suppliers 130

Suppliers Supply Chain Efficiency Management Supplier relationship management 130

Spend Matters

NOVEMBER 21, 2023

This whole area is a complex topic that we’ll be covering in our forthcoming series on using augmented intelligence (including GenAI) to enable the broader automation of analytics, data management, apps/experiences (e.g., no-code/low-code) and process orchestration within/beyond source-to-pay.

Strategy 89

Strategy Bidding Sourcing Stakeholder engagement 89

Procurement Tactics

AUGUST 10, 2022

Or receive our famous weekly newsletter. Invoice Management — Everything You Should Know. In the past, the process of invoice management was slow. For this article, we will discuss what invoice management is all about. Additionally, we will tell you some of the best practices for the invoice management process. .

Management 130

Management Suppliers Import Negotiation 130

Una

JUNE 29, 2023

5 Types of Supply Chain Strategies for Every Sourcing Hero Explore the superpowers offered by various types of supply chain strategies that businesses can adopt to meet their objectives. Supply Chain Strategies The same can be said for the similar amount of diversity found in the world of supply chain management.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency supply chain budgeting 52

Procurement Tactics

AUGUST 23, 2022

Or receive our famous weekly newsletter. Contract Management Process — Everything You Should Know. The contract management process is an essential part of the organization to handle contracts with its third parties. For this article, we will talk about what the contract management process is. What is Contract Management?

Contract management 130

Contract management Contract supply chain software solutions Management 130

Una

MAY 25, 2023

Managing Procurement Risk with a Group Purchasing Organization Explore how a group purchasing organization can be an effective solution for managing procurement risk and improving overall procurement processes. Only then will they begin to implement the right strategies to mitigate it's impact to the organization.

Purchasing 96

Purchasing Risk Management Procurement 96

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 23, 2024

How Machine Learning is Transforming Supply Chain Management Machine learning applied to supply chain management allows businesses to enhance decision-making and streamline operations. Machine learning, a subset of AI, has emerged as a game-changer in the world of supply chain management. Why Do We Need Supply Chain Visibility?

Supply chain management 52

Supply chain management Supply chain management Supply Chain Optimization Supply Chain Efficiency 52

Procurement Tactics

SEPTEMBER 6, 2022

Or receive our famous weekly newsletter. Managing A Procurement Team – Definitive Guide. Managing a procurement team is difficult. With all the social, political, and environmental movements that millennials are starting, how can you manage them without conflicting perspectives? What managers think they want.

Procurement team 130

Procurement team Management Procurement Innovation 130

Finale Inventory

JANUARY 15, 2024

Did you know that by effectively managing stock, businesses can achieve a significant 10% reduction in inventory costs ? In the ecommerce industry, where decisions can make a huge impact on profits, it’s essential to have streamlined inventory management.

Inventory 52

Inventory Management Demand Strategy 52

Una

FEBRUARY 1, 2023

Mastering Change Management in Procurement Change management in procurement is an integral part of any sourcing manager’s job. In the end, the change manager is summoned by the leadership team to explain why so much money was wasted with no result. This concept applies to change management, as well.

Change management 98

Change management Management Procurement Leadership 98

Procurement Tactics

MAY 16, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Fourth Party Logistics — Everything You Should Know Fourth-party logistics (4PL) help businesses to optimize their entire chain. It manages transportation, warehousing, and distribution services.

Logistics 211

Logistics Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 211

The Thomas Blog

JANUARY 5, 2024

B2B (business-to-business) lead generation strategies are designed to identify and attract potential business customers or clients. The benefits of B2B lead generation strategies are diverse but they all aim for meaningful and productive engagement with the market. Lead generation.

Strategy 52

Strategy Real-time Visibility Buyers Quality 52

Una

FEBRUARY 22, 2023

How to Use GPOs as a Cost Savings Strategy Discover how procurement leaders can join a GPO and use group purchasing as a cost savings strategy to deliver continued value. It sounds like an effective strategy until, perhaps, things start to look a little picked over.

Strategy 52

Strategy Purchasing Supply Chain Efficiency Supplier consolidation 52

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

Procurement Tactics

JANUARY 13, 2023

Procurement success in 2023 with our Strategy Course. Or receive our famous weekly newsletter. This is where you will discuss with other procurement professionals all strategies and options to streamline your procurement process. . Procurement manager. Strategic sourcing manager. Download Course Details →. .

Procurement 171

Procurement Chief Procurement Officer Strategic sourcing Strategic sourcing 171

Procurement Tactics

NOVEMBER 8, 2022

Or receive our famous weekly newsletter. Supply chain management is a crucial aspect of operations from small businesses to multinational corporations. The management must focus not only on making the supply chain more efficient to improve the bottom line. Cost reduction strategies are equally important. First Name.

supply chain budgeting 182

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization supply chain software solutions 182

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

Procurement Tactics

MAY 22, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Integrated Logistics — What You Should Know Integrated logistics is gaining popularity throughout the years to the point of replacing the traditional logistics concepts. However, what is it?

Logistics 207

Logistics supply chain software solutions supply chain budgeting Supply Chain Optimization 207

Procurement Tactics

JUNE 19, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Your Ultimate Guide To Launching A Digitized Procurement Startup One of the biggest advantages of digitization in the procurement industry is that it allows you to use data analysis to make informed decisions.

Procurement 201

Procurement Collaboration Procurement strategies supply chain software solutions 201

Procurement Leaders

JANUARY 16, 2024

Entire supplier events are executed to make this happen and relationship management structures put in place to govern it. Dr Robert Suurmond, assistant professor in purchasing and supply chain management at Maastricht University, meanwhile, has been looking into the space for some time. And it makes sense.

Innovation 130

Innovation Suppliers Supply chain management Supply chain management 130

Finale Inventory

SEPTEMBER 22, 2022

Manufacturers across industries can successfully adopt direct-to-consumer channels or transition away from a wholesale model, as long as they have an efficient D2C strategy and a thorough understanding of their customer base. Manufacturers have plenty of opportunities to leverage a D2C strategy, which may revolutionize their sales.

Strategy 52

Strategy Inventory Influencing Agile and Lean Supply Chain 52

Finale Inventory

SEPTEMBER 22, 2022

Manufacturers across industries can successfully adopt direct-to-consumer channels or transition away from a wholesale model, as long as they have an efficient D2C strategy and a thorough understanding of their customer base. Manufacturers have plenty of opportunities to leverage a D2C strategy, which may revolutionize their sales.

Strategy 52

Strategy Inventory Influencing Agile and Lean Supply Chain 52

Una

MAY 25, 2023

Managing Procurement Risk with a Group Purchasing Organization Explore how a group purchasing organization can be an effective solution for managing procurement risk and improving overall procurement processes. Only then will they begin to implement the right strategies to mitigate it's impact to the organization.

Purchasing 52

Purchasing Risk Management Procurement 52

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. Communication strategy Develop a well-thought-out communication plan.

Change management 52

Change management Management Procurement Leadership 52

Procurement Tactics

APRIL 27, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Kotter’s Theory — Embracing Sustainability in Procurement Kotter’s theory of change helps companies to introduce change in the business. Developing a vision and strategy Create a vision to guide change efforts.

Sustainability 213

Sustainability Procurement Negotiation Strategy 213

Procurement Tactics

MAY 23, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Bullwhip Effect — Everything About Supply Chain Bullwhip effect can disrupt your supply chain and you must consider yourself lucky if you still have not experienced this. However, what is it?

supply chain software solutions 212

supply chain software solutions Supply chain Supply Inventory 212

Procurement Tactics

JUNE 7, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Supplier Collaboration Software — What You Should Know The use of supplier collaboration software continues to rise as businesses grow and technology advances. However, what is it?

supply chain software solutions 130

supply chain software solutions Collaboration Suppliers Supply Chain Efficiency 130