Procurement Software

MARCH 11, 2022

Instead of looking at direct materials and purchased parts, the hidden opportunity is often found in effective tail spend management. What many companies don’t realise though is that direct materials have been negotiated to death. Old school, pure-play price negotiations don’t work, especially in an inflationary market.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

Instead of looking at direct materials and purchased parts, the hidden opportunity is often found in effective tail spend management. What many companies don’t realise though is that direct materials have been negotiated to death. Old school, pure-play price negotiations don’t work, especially in an inflationary market.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Tactics

AUGUST 22, 2022

There are numerous issues that are created when an organization cannot control its tail spend. . It can lead to a loss of savings as organizations tend to pay higher prices for products that can be obtained at a cheaper price. Additionally, failing to manage your tail spend will lead to a decrease in product quality control.

Purchasing 130

Purchasing Suppliers Negotiation Procurement 130

ivalua

JANUARY 29, 2020

Now there is a time and a place for price negotiation of course, but if you are an organisation where speed, innovation and agility is really important, key suppliers who play essential roles need to be handled differently. .

Collaboration 213

Collaboration Innovation Agile and Lean Supply Chain Procurement 213

Planergy

JANUARY 19, 2023

Here are some practical applications of pareto analysis in procurement: Negotiate Prices with Suppliers Companies can significantly reduce their purchasing costs over time by working directly with suppliers to negotiate lower prices for high-cost items to improve your bottom line. Download PDF What’s your goal today?

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

Jaggaer

JANUARY 14, 2020

The initial phase of getting spend under control often provides the biggest boost to the bottom line. Many manufacturing companies will feel that they’re not, in fact, just starting out, because they have a very mature spend management system for their direct materials. Ready to take control of indirect spend?

Supply Chain Efficiency 40

Supply Chain Efficiency Raw materials supply chain budgeting Supply Chain Optimization 40

Supply Chain Game Changer

AUGUST 6, 2019

But that in no way reflects the true value that your Procurement team can, and should, provide. Procurement Responsibilities.

Management 48

Management Procurement Category management Chief Procurement Officer 48