Una

AUGUST 21, 2023

The Human Factor in Strategic Sourcing How to allow for the human factor in strategic sourcing to drive the success of procurement process optimization and cost efficiency efforts. Strategic sourcing in procurement would be so easy if people weren’t involved!

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Ethics 52

Una

OCTOBER 9, 2023

How to Implement a Strategic Sourcing Process A play-by-play manual showing how to implement a strategic sourcing process that aligns with your organization’s goals, optimizes spend, and creates long-term value. At its core, strategic sourcing formalizes the process of finding, assessing, and choosing suppliers.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Empowering CPO

FEBRUARY 11, 2024

Introduction In the ever-evolving landscape of procurement, organizations are turning to strategic sourcing services to navigate the complexities and achieve sustainable success. Market Intelligence: Shaping Strategic Choices In the dynamic world of procurement, staying ahead requires a keen understanding of market dynamics.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

ivalua

NOVEMBER 27, 2019

If you have ever read an article about Procurement best practices, you know that a very small minority of teams are categorized as leaders and an equally small minority are considered laggards. So what does “good” strategic sourcing look like? Good” strategic sourcing….

Strategic sourcing 147

Strategic sourcing Strategic sourcing Sourcing Suppliers 147

ProcurePort

OCTOBER 20, 2023

• Opting for procurement services offers cost savings through improved negotiations, volume discounts, and strategic sourcing, along with significant time efficiency gains and streamlined processes.

Procurement 130

Procurement Strategic sourcing Strategic sourcing Risk management 130

Procurement Software

MAY 21, 2024

Will AI replace procurement professionals in negotiations? It’s one of the fears haunting the corridors of procurement teams right now. Enterprise procurement teams are heavily looking into how AI can assist them. But, this then begs the question, what about negotiation? But, not so fast.

Supplier negotiation 52

Supplier negotiation Negotiation Suppliers Procurement 52

Procurement Tactics

JANUARY 13, 2023

Procurement success in 2023 with our Strategy Course. Procurement as a Career — 7 Reasons Why You Should Choose Procurement. Procurement as a career is a fulfilling one, especially if you enjoy putting your knowledge to use in the real world. For this article, we will discuss what procurement is as a career.

Procurement 171

Procurement Chief Procurement Officer Strategic sourcing Strategic sourcing 171

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

Empowering CPO

JANUARY 28, 2024

Introduction In the dynamic realm of procurement, organizations strive to not only meet their immediate needs but also to establish sustainable and cost-effective supply chains. By adopting this approach, organizations can strategically manage their procurement processes to achieve significant cost savings and operational efficiency.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Supply Chain Optimization 40

Empowering CPO

JUNE 22, 2023

Introduction Welcome to our complete guide on the role of spend analysis in strategic sourcing. In the ever-evolving world of business, strategic sourcing has become a linchpin in corporate success. But how do we fuel the engine of strategic sourcing? The answer lies in the powerful tool of spend analysis.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Tactics

SEPTEMBER 8, 2022

33 Procurement Interview Questions in 2022. Operational Procurement — Everything You Should Know. Operational procurement sustains every business to do its daily operation. Do not worry if you do not know operational procurement as this article will help you understand it. The Definition of Operational Procurement.

Procurement 226

Procurement Purchase orders Purchasing Strategic sourcing 226

Skill Dynamics

OCTOBER 19, 2023

A crucial part of successful procurement strategies is the art and science of negotiation. Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract.

Negotiation 52

Negotiation Procurement Procurement strategies Buyers 52

Procurement Templates

JUNE 18, 2023

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.,

Leadership 147

Leadership Procurement Agile and Lean Supply Chain Supply Chain Efficiency 147

Future Purchasing

OCTOBER 4, 2022

Value is usually secured via three implementation routes – internal business change, supplier management and sourcing. In contrast, strategic sourcing is the process used by Procurement teams to source products and services for the business. Data gathering focuses on spend analysis and supply market research.

Category management 59

Category management Strategic sourcing Strategic sourcing Sourcing 59

Procurement Tactics

JUNE 28, 2023

Negotiation Course Learn from industry experts who negotiated billion $ deals 2. Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. What is Procurement Tracking?  Menu Course Library 1.

Supply Chain Efficiency 178

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

Procurement Tactics

AUGUST 25, 2022

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. .

Procurement 231

Procurement Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 231

Una

MARCH 8, 2023

Pain Points in Procurement Series When Supplier Negotiations Come to a Standstill What to do when supplier negotiations appear to be at an impasse, why negotiations break down, and how to up your chances for success. By Hugo Britt | March 9, 2023 Search Welcome to Una’s Pain Points in Procurement series.

Supplier negotiation 97

Supplier negotiation Negotiation Suppliers Buyers 97

Procurement Templates

JUNE 18, 2023

Money buys less than before How should procurement manage inflation? ChatGPT Procurement departments can take several steps to manage inflation effectively. Procurement professionals should consider diversifying their supplier base to have alternative options available.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Procurement Tactics

JULY 14, 2022

33 Procurement Interview Questions in 2022. Procurement Service Provider — The Ultimate Guide of 2022. The demand for a procurement service provider has increased due to the global market conditions. Additionally, the demand has increased as many buyers or firms cannot negotiate a reasonable price for products or services.

Procurement 130

Procurement Supply Chain Efficiency Negotiation Strategic planning 130

Spend Matters

AUGUST 4, 2022

Instead, efforts should be focused on implementing a new, multi-step sourcing approach that: Ramps up the volume of available resources to complete projects in unprecedented time frames. Negotiates unit pricing contracts with partners to support 2022 goals. Read more. ).

Strategic sourcing 76

Strategic sourcing Strategic sourcing Sourcing Risk 76

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. In this dynamic environment, traditional procurement practices that focus on transactional tasks are no longer enough.

Category management 52

Category management Management Procurement Supplier relationship management 52

World of Procurement blog

APRIL 23, 2024

Procurement professionals play a crucial role in the success and efficiency of businesses. Below are the top 20 skills they need to master: Negotiation Skills : The ability to negotiate favorable terms, conditions, and prices is essential. Project Management : Leading procurement projects from inception to completion.

Ethics 52

Ethics Procurement Supplier relationship management Market knowledge 52

World of Procurement blog

APRIL 23, 2024

Procurement professionals play a crucial role in the success and efficiency of businesses. Below are the top 20 skills they need to master: Negotiation Skills : The ability to negotiate favorable terms, conditions, and prices is essential. Project Management : Leading procurement projects from inception to completion.

Ethics 52

Ethics Procurement Supplier relationship management Market knowledge 52

Empowering CPO

DECEMBER 14, 2020

To answer this question, it is much simpler first to list down the reasons as to when a specific category should be taken up for Strategic Sourcing. This helps a procurement organization to list down its plan for the New Year and identify categories that should be taken up for sourcing. Contact us today.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 52

World of Procurement blog

APRIL 24, 2024

In the kaleidoscopic world of procurement, understanding the nuances between buying and procurement stands as a beacon of insight for professionals aiming to master the craft. What Is Procurement? Procurement is a symphony of activities aimed at optimizing the overall value received from the purchases.

Procurement 52

Procurement Supplier relationship management Strategic sourcing Strategic sourcing 52

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 Purchase Price Variance — Everything You Should Know Purchase price variance is an important factor for budget preparation, but why? Why is it Important?

Price 130

Price Purchasing Raw materials Negotiation 130

World of Procurement blog

APRIL 23, 2024

In the complex structure of modern businesses, the role of a procurement manager is pivotal for efficient operations and cost management. Here, we dive into what a procurement manager is, what their job entails, the typical day in their life, the career path, and, of course, the remuneration that comes with this crucial role.

supply chain budgeting 52

supply chain budgeting Management Procurement Chief Procurement Officer 52

World of Procurement blog

APRIL 23, 2024

In the complex structure of modern businesses, the role of a procurement manager is pivotal for efficient operations and cost management. Here, we dive into what a procurement manager is, what their job entails, the typical day in their life, the career path, and, of course, the remuneration that comes with this crucial role.

supply chain budgeting 52

supply chain budgeting Management Procurement Chief Procurement Officer 52

Procurement Heads

DECEMBER 7, 2022

For the latest in Procurement Heads ‘ CPO Spotlight series, he spoke with James Dobbin about how he got into procurement, some of the trends he’s seeing in the financial and procurement space and whether the pandemic has pushed us closer to a cashless society. How did you get into procurement?

Strategic sourcing 246

Strategic sourcing Strategic sourcing Vendor management Category management 246

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation. Automation increases efficiency and reduces errors, leading to faster and more accurate procurement cycles.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

World of Procurement blog

MAY 10, 2024

The Promise of AI for Procurement Teams Artificial intelligence (AI) has the potential to transform and revolutionize procurement processes. By leveraging technologies like machine learning, natural language processing, and neural networks, AI-driven solutions can help procurement teams work smarter, faster, and more efficiently.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Empowering CPO

FEBRUARY 23, 2024

Introduction In the dynamic world of procurement, artificial intelligence (AI) is rapidly reshaping the sourcing landscape. As businesses seek agility, cost optimization, and data-driven decision-making, AI-powered solutions are becoming indispensable for procurement professionals.

Procurement 52

Procurement Ethics Agile and Lean Supply Chain Supply Chain Optimization 52

Procurement Leaders

JUNE 1, 2022

Five years ago, global logistics company UPS’s procurement function was far from playing a strategic role. Delivering on these ambitious goals required the team to implement a dramatic overhaul of the procurement function that would bolster its capabilities and help cement a new relationship with the wider organisation.

Procurement 130

Procurement Strategic sourcing Strategic sourcing Leadership 130

Shapiro Negotiations Institute

JUNE 5, 2024

So Morenz, as the Director of Strategic Sourcing, recognized the urgent need to transition to formalized partnerships to sustain the company’s expansion and bolster its supply chain’s resilience and reliability. The old way of handshake deals was no longer sufficient. The result?

Sourcing 40

Sourcing Strategic sourcing Strategic sourcing Negotiation 40

Una

NOVEMBER 8, 2023

Pain Points in Procurement Explore a collection of resources depicting common pain points in procurement and how sourcing professionals can implement actionable solutions to overcome these challenges. Explore ways to rectify the procurement talent shortage by attracting and keeping top sourcing candidates.

Procurement 52

Procurement Supplier negotiation Influencing Negotiation 52

Una

JUNE 6, 2024

Does Procurement Need to Work From the Office? The nature of procurement work is changing and considering the remote work debate, does procurement really need to work from the office? What about procurement? But one area where the case for remote work may not seem as obvious is procurement.

Procurement 52

Procurement Collaboration Supplier relationship management Procurement team 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