Skill Dynamics

JANUARY 14, 2025

A typical procurement competency framework covers several key areas, including but not limited to strategic sourcing, supplier management, risk management, and contract negotiation. Negotiation Your procurement specialists must be able to negotiate effectively with your suppliers.

Procurement

Spend Matters

DECEMBER 23, 2024

Customers use Onventis to consolidate suppliers and negotiate better terms. Industry trends and regulatory shifts driving urgency Sustainability pressures are high, and companies need to track and report on supplier compliance with ESG criteria. Metrics around supplier consolidation and spend concentration are also common.

Procurement

Procurement Insights

AUGUST 9, 2025

Heavy reliance on manual negotiations and face-to-face bidding. 2020s “Savings chasing” declines as a primary driver, now balanced against sustainability, supplier resilience, and speed to market. Autonomous supplier orchestration : AI agents negotiate, evaluate, and manage suppliers dynamically. 2030 (HFS ~9.0)

Real-time Visibility

SCMDOJO

DECEMBER 29, 2024

and sustainability. Key takeaways Emerging Trends However, the blog emphasizes the importance of considering current trends in supply chain management, such as digital transformation, IoT, and sustainability, when selecting a thesis topic. Watch Now & Negotiate Better 12.

Supply Chain Efficiency

ivalua

AUGUST 12, 2025

Key Takeaways Effective sourcing strategies support resilience, sustainability, and long-term growth across the organization. It supports innovation by engaging suppliers in product development and sustainability efforts, as well. Integrated Sourcing, Contracting, and Analytics Disconnected tools delay cycle times and increase risk.

Strategic sourcing

ivalua

MAY 30, 2025

As they receive new information, they can adjust their actions to outcomes for things like supplier negotiations, risk management, and spend analysis. They can also perform automated contract compliance checks and continuous price benchmarking, and help teams negotiate more effectively.

Procurement

ivalua

MAY 30, 2025

As they receive new information, they can adjust their actions to outcomes for things like supplier negotiations, risk management, and spend analysis. They can also perform automated contract compliance checks and continuous price benchmarking, and help teams negotiate more effectively.

Procurement

Jaggaer

OCTOBER 24, 2024

It’s no longer just about maintaining good relationships; it’s about turning those connections into engines of innovation, efficiency, and sustainability. We will explore methods for negotiating better terms, optimizing resource utilization, and reducing operational costs while strengthening supplier relationships.

Collaboration

SCMDOJO

MARCH 12, 2025

Introduction Negotiation is at the heart of supply chain management. Richard Todd , a negotiation expert describes a successful negotiation as one that requires understanding not just what is needed from a supplier but also what the supplier needs from us.

Negotiation

ivalua

JUNE 12, 2025

When combined, these tools offer a comprehensive perspective on procurement performance, empowering your organization to identify hidden inefficiencies, mitigate risks, and drive smarter decision-making for sustained success. To unlock these benefits you have to have the right foundation in place.

supply chain budgeting

ivalua

JULY 1, 2025

Segmentation enables differentiated supplier management strategies , such as focusing risk mitigation efforts on sole-source vendors or negotiating long-term value with strategic suppliers. Identify where handoffs occur, where bottlenecks form, and which processes are still handled manually or in disconnected tools.

Procurement strategies

Supply Chain Game Changer

JULY 24, 2025

This includes negotiating advantageous terms with suppliers, centralizing buying functions, thereby maximizing impact, sourcing from one supplier only to limit costs through volume purchasing, etc. Sustainability and Social Responsibility Today, businesses must balance environmental and social implications with financial performance.

Sourcing

ivalua

AUGUST 9, 2025

You’ll learn what it takes to move past the experimentation phase and start seeing tangible and sustainable results. Further, AI agents can help during negotiations with recommendations on redlines and preferred clauses. AI can ask assist in redlining and negotiation. Is it actually delivering measurable improvements?

Risk management

ivalua

MAY 29, 2025

Here are some key distinctions to make between Procurement vs. Supply Chain Management: Procurement is responsible for identifying suppliers, negotiating contracts, and ensuring cost-effective, compliant purchases. Procurement teams negotiate long-term contracts to lock in pricing, mitigate supply chain risk , and ensure supply continuity.

Supply chain management

ivalua

MAY 2, 2025

For example, a single contract negotiation might involve supplier performance data, legal terms, payment histories, and risk assessments. This cross-functional context is key to more nuanced recommendations—like identifying a potential savings opportunity that also meets strict compliance or sustainability criteria.

Procurement

ivalua

JULY 1, 2025

Segmentation enables differentiated supplier management strategies , such as focusing risk mitigation efforts on sole-source vendors or negotiating long-term value with strategic suppliers. Identify where handoffs occur, where bottlenecks form, and which processes are still handled manually or in disconnected tools.

Procurement strategies

Future Purchasing

APRIL 1, 2025

Its primary goal is to achieve price/cost reduction via aggregation and consolidation through negotiations. and then running a supplier selection process or RFP and negotiating contracts. It is an effective way to deliver sustainable cost savings and promote healthy market competition between suppliers.

Category management

Jaggaer

MARCH 24, 2025

Together, they enable procurement teams to move from reactive to proactive, optimizing sourcing strategies, improving supplier negotiations, and ensuring more accurate, real-time decision-making. How JAGGAER Helps JAGGAERs ESG solutions help procurement teams integrate sustainability into their sourcing strategies.

Procurement

Jaggaer

FEBRUARY 28, 2025

Amid economic uncertainties and geopolitical shifts, procurement leaders face mounting pressure to drive sustained growth. However, simply cutting costs isnt a sustainable strategy CPOs must move beyond tactical price reductions and embrace strategic cost management.

Agile and Lean Supply Chain

Procurement Software

JUNE 1, 2025

Traditional cost analysis expands to include sustainability and social impact metrics. Negotiation Most likely, this will remain fundamentally human for some time to come, at least for more complex deals. However, AI-powered negotiations are already here for the more simple instances.

Procurement

Let's Talk Supply Chain

MARCH 2, 2025

Leveraging data-driven strategies enables companies to enhance decision-making processes and drive sustainable growth in a volatile economic landscape. By harnessing the insights derived from data analysis, businesses can proactively identify trends, mitigate risks, and optimize their supplier performance.

Supplier relationship management

Jaggaer

FEBRUARY 20, 2025

The term refers to the entire journeyfrom finding suppliers and negotiating contracts to finalizing agreements and making the final payment for goods. Strategic sourcing becomes part of the process and ensures that the best vendors are selected, and that favorable deals are negotiated with them.

Sourcing

Skill Dynamics

FEBRUARY 4, 2025

Advanced Negotiation and Contract Management Advanced negotiation techniques are essential for securing better terms for your organization, but can also help develop and maintain strong supplier relationships. Sustainability and Ethical Sourcing Ethical considerations now need to be made at every level of the procurement process.

Procurement

Procurement Insights

JULY 1, 2025

The document analyzes the evolving role of procurement in a complex, rapidly changing world characterized by geopolitical risks, technological disruption, and rising sustainability expectations. Jon Hansen is the founder of Procurement Insights, a platform focused on procurement-related insights and advisory. ​

Procurement team

Jaggaer

FEBRUARY 13, 2025

A guest post by Rose Stephani, Project Leader, Sustainability at H&Z. H&Z partners with JAGGAER to help organizations transform their ESG data into actionable sustainability outcomes. How can sustainability be inserted within this framework? Compliance with existing international standards is the minimum ambition.

Leadership

Jaggaer

FEBRUARY 5, 2025

This can include evaluating the suppliers financial stability, past performance, capacity to meet demand, and potential risks related to geopolitical factors, supply chain issues, or sustainability. Negotiation & Contract Award – Once a supplier is selected, the process of finalizing the award and drawing up the contract begins.

Strategic sourcing

Jaggaer

MARCH 6, 2025

The landscape of public sector procurement has undergone significant transformation in recent years, driven by advancements in technology, evolving regulatory frameworks, and an increasing emphasis on sustainability. Compliance with international frameworks such as the United Nations Sustainable Development Goals (SDGs).

Supply Chain Efficiency

Procurement Insights

MAY 23, 2025

Dynamic Negotiation: Acts as a self-negotiating system, iterating through supplier responses until reaching agreementmirroring RAMs agent-based adaptability. Behavioral Science: Uses insights from human negotiation patterns to refine AI models, similar to RAMs focus on stakeholder behavior. ESG priorities). DNDs 97.3%

Ethics

SCMDOJO

OCTOBER 30, 2024

As businesses strive to enhance efficiency, resilience, and sustainability, the demand for skilled supply chain professionals has never been higher. Through these collaborative exercises, learners develop essential soft skills such as communication, negotiation, and conflict resolution.

supply chain budgeting

TYA Suite

JUNE 2, 2025

While procurement includes the full scope of sourcing, negotiating, contracting, and managing supplier relationships, the buying process focuses mainly on the operational steps like raising purchase requests, placing orders, and handling payments. Purchasing executes that plan by completing the actual transactions.

Purchasing

ivalua

MAY 10, 2025

The scale, complexity, and risk involved in global operations within the modern enterprise demand more advanced solutions that can integrate tightly with ERP, finance, and supplier systems and support broader goals such as sustainability, risk management in procurement, and cost optimization. Explore our environmental impact center.

Supply Chain Efficiency

Jaggaer

OCTOBER 24, 2024

Compliance In today’s regulatory environment, compliance with environmental, social, and governance (ESG) standards, or industry-specific standards such as risk management in banking or safety in pharmaceuticals, is non-negotiable. Therefore, continuous evaluation of supplier performance is vital to ensure sustainable progress.

Collaboration

Procurement Software

MARCH 16, 2025

These small but impactful changes set the stage for sustained cost savings and strategic decision-making. They can make informed decisions, negotiate more effectively, and identify cost-saving opportunities faster. Below are ten areas where digital procurement can deliver almost immediate improvements.

Procurement

ivalua

JULY 8, 2025

Supplier scoring and bid evaluation: Use weighted criteria to compare bids objectively and align with cost, quality, or sustainability goals. Integration with sourcing and procurement ensures that negotiated terms carry through to execution.

Sourcing

Jaggaer

FEBRUARY 5, 2025

That means negotiating a medium to long-term contract to support security of supply and having a contingency plan in place in the event of problems. Typically, there are few suppliers, so you are likely to source from a vendor that you can be sure is reliable and you negotiate long-term contracts to support security of supply.

Strategic sourcing

Spend Matters

MARCH 25, 2025

Procurements ability to engage, influence and align with stakeholders determines the extent to which digital transformation efforts deliver sustainable and measurable benefits. Whether the example is SUM or procurement-led (or procurement-centric) digital initiatives, it is not about what procurement controls, but what it can access.

Stakeholder engagement

Spend Matters

APRIL 29, 2025

Organizations need a structured, intentional approach to design and sustain collaboration between finance and procurement. Success hinges on a cultural shift where finance and procurement operate as interconnected partners, jointly driving financial sustainability. However, tools alone are not enough.

Real-time Visibility