World of Procurement blog

MAY 8, 2024

Procurement Best Practices To maximize the value of procurement, organizations should follow certain best practices around ethics, sustainability, risk management, and cost savings. Conduct supply chain audits and due diligence on high-risk categories. Diversify suppliers across geographies to reduce concentration risk.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Skill Dynamics

OCTOBER 19, 2023

Your business needs a broader vision to address sustainability, deliver on risk management and resilience challenges, nurture buyer and supplier relationships, as well as meet procurement excellence. Distributive negotiations come into play with price negotiations of a one-time purchase, such as a single shipment of goods.

Supply Chain Optimization 52

Supply Chain Optimization Strategy Procurement Vendor management 52

Zycus Cognitive Procurement

JULY 25, 2022

This is primarily due to the pandemic which shifted the focus to the more urgent issues such as digital transformation, securing supplies, managing supply chain risks, pricing negotiations etc. However, talent management and innovation are expected to be the long term investments. . Read the case study now! .

supply chain budgeting 52

supply chain budgeting Procurement Agile and Lean Supply Chain Management 52

IBM Supply Chain Blog

APRIL 4, 2024

Benefits: Automated claim processing Reduced processing times Enhanced visibility Compliance and risk management By automating routine tasks and implementing predefined rules, BPM enables timely compliance with regulatory requirements and internal policies.

Real-time Visibility 55

Real-time Visibility Management e2e Supply Chain Efficiency 55

Procurement Talk with David Byrne

MAY 30, 2024

Listen on Apple Podcasts Listen on Spotify Watch on YouTube Summary In this episode, Martin Smith interviews Gavin Boswell, the Director of Procurement at Serco. They discuss Gavin’s 10-year career at Serco and the evolution of procurement over the past 30 years and the changing role of procurement professionals.

Leadership 52

Leadership Sustainability Procurement Price negotiations 52

Empowering CPO

JULY 2, 2023

Modern procurement services encompass a wide range of activities such as strategic sourcing, category management, contract negotiation, risk management, and supplier relationship management. However, in today’s complex and globalized economy, procurement goes far beyond simple buying.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

World of Procurement blog

OCTOBER 13, 2020

SO, what kind of values that procurement people can create to an organization in CAPEX management? Price negotiation This is the role that common people know or expect from procurement: to negotiate the lowest price that an organization can get to generate cost-saving.

Management 52

Management Procurement Buyers Negotiation 52