World of Procurement blog

MAY 8, 2024

Cost Savings - The total cost reduction achieved through strategic sourcing, price negotiations, product rationalization etc. Contract Compliance - The percentage of spending that aligns with established contracts. High compliance reduces maverick buying. Tracking savings demonstrates procurement value.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Tactics

MARCH 16, 2023

Strategic Sourcing Strategic sourcing assesses the patterns of business spending in order to find and choose the best suppliers that align with your business goals and objectives. Negotiation Course For Procurement Professionals You'll get a certificate after completing the course LEARN MORE Rated 9.2/10

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

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

Zycus Cognitive Procurement

JULY 25, 2022

According to the latest PwC global digital procurement survey report 2022, digital transformation is the third most important priority after cost reduction and strategic sourcing. However, implementing new procurement processes and technological platforms based on Software-as-a-Service (SaaS) requires thorough planning. .

supply chain budgeting 52

supply chain budgeting Procurement Agile and Lean Supply Chain Management 52

Pipefy

JANUARY 5, 2023

Errors can cost companies directly if prices are entered incorrectly or discount deadlines are missed, or indirectly when mistakes have to be corrected. Manual tasks take up time that could be better spent on value-producing activities such as price negotiations or vendor relationship management. Strategic sourcing.

Procurement 52

Procurement Procurement team supply chain software solutions e2e 52

Procurement Software

MARCH 11, 2022

In this post, we’re going to look at two areas where Procurement teams typically spend a lot of effort, but often struggle to get recognition: Cost avoidance (including price increase deferrals). Driving value through strategic sourcing and supplier collaboration.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Procurement Software

MARCH 11, 2022

In this post, we’re going to look at two areas where Procurement teams typically spend a lot of effort, but often struggle to get recognition: Cost avoidance (including price increase deferrals). Driving value through strategic sourcing and supplier collaboration.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52