Art of Procurement

AUGUST 9, 2022

The post [Pod] Designing an End-to-End Ecosystem Approach to Procurement Part 2: Category Management appeared first on Art of Procurement. “Digital products become a bedrock of all the processes and the transformation that is taking place in the organization.” –Sanjeev.

Category management 59

Category management Management Procurement Contract 59

The Good Spending

APRIL 3, 2022

Category management is the brain and spine of strategic procurement. Procurement largely relies on category management in its constant endeavor to transform transactional purchasing into a value-creation machine. Category management is an integral part of the "plan-to-procure" cycle.

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Category management Demand Management Procurement 52

Future Purchasing

OCTOBER 4, 2022

Developing a pipeline of category projects should be a collaborative and creative process. Too often Procurement works in isolation when deciding what category projects to work on. Procurement teams clearly appreciate why strategic alignment planning activity is such an important activity.

Category management 52

Category management Collaboration Real-time Visibility Management 52

ivalua

JANUARY 31, 2023

Ivalua’s new Environmental Impact Center empowers Procurement and Supply Chain teams with reliable and actionable insight to reduce Scope 3 Greenhouse Gas (GHG) emissions. This data is accessible across Ivalua’s Source-to-Pay solution to facilitate more sustainable procurement decisions within daily operations.

Supply Chain Efficiency 246

Supply Chain Efficiency supply chain software solutions Innovation Supply chain 246

Procurement Templates

MARCH 3, 2024

She’s added in category analysis twice and then she added a RFQ before a PQQ which means the flow isn’t quite right. Check out my other page on s trategic sourcing A procurement assessment of needs is a systematic evaluation conducted by organizations to determine their requirements for goods, services, or works.

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Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Procurement Templates

MARCH 7, 2024

A procurement playbook is a comprehensive document or set of guidelines that outlines the processes, procedures, best practices, and standards for managing procurement activities within an organization. It serves as a reference guide for procurement professionals and other stakeholders involved in purchasing goods and services.

Supply Chain Efficiency 130

Supply Chain Efficiency Procurement Ethics Contract management 130

Procurement Leaders

JANUARY 16, 2023

But they all come, to me, under the category of risk. ” Stoup spoke to Tim Burt, community advisor at Procurement Leaders, to discuss the current environment, and the factor she considers to be most important during turbulent times – people. Leaders across the enterprise now recognise procurement’s value.

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Risk Management Risk management Strategic planning 246

Procurement Heads

AUGUST 16, 2023

For Procurement Heads’ latest Big Interview, he spoke with  Sagar Bhardwaj  about his procurement career. How did you get into Procurement? What are the roles and responsibilities the Procurement function holds within your organisation? What are you most passionate about when it comes to Procurement?

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Procurement Suppliers Risk Negotiation 246

ivalua

JUNE 26, 2023

Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change.

Supply Chain Efficiency 244

Supply Chain Efficiency Strategic sourcing Strategic sourcing Procurement 244

Procurement Leaders

JUNE 20, 2023

Every year, Procurement Leaders’ research team explores category planning for the next 12 months. There is a vigorous debate in the world of procurement about the speed at which we transform categories. Some pioneering CPOs launch ‘big bangs’ in which categories are rolled out across the business in one rapid blast.

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Procurement team Procurement Influencing Buyers 147

ProcurePort

JULY 6, 2022

• Managing product categories is a critical challenge for procurement professionals. Some of the problems experienced in category management include plenty of work, lack of time, dynamic changes, competitive markets, and technical dependencies. Just as lean management optimizes […]. .

Category management 147

Category management Strategy Management Procurement 147

Procurement Heads

FEBRUARY 22, 2023

For Procurement Heads ‘ latest Big Interview, he spoke with Will Cooke about his career and what Zurich is doing with regard to sustainability in the supply chain. How did you get into procurement? I have worked on pretty much every single indirect category that there is and on the direct side of things too.

Sustainability 246

Sustainability Influencing Suppliers Procurement 246

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.

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Procurement Procurement strategies supply chain budgeting Contract management 238

World of Procurement blog

APRIL 23, 2024

Procurement professionals play a crucial role in the success and efficiency of businesses. Risk Management : Assessing and mitigating risks associated with suppliers and agreements. Supplier Relationship Management : Building and maintaining positive relationships with suppliers.

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. Risk Management : Assessing and mitigating risks associated with suppliers and agreements. Supplier Relationship Management : Building and maintaining positive relationships with suppliers.

Ethics 52

Ethics Procurement Supplier relationship management Market knowledge 52

Procurement Heads

NOVEMBER 15, 2022

For Procurement Heads ‘ latest CPO Spotlight, he spoke with Rupert Gaster about the various categories he has managed during his extensive career and how he and his team have shown procurement’s worth to the business during one of its busiest ever periods.

Raw materials 246

Raw materials Buyers Price Procurement 246

Procurement Tactics

JANUARY 8, 2023

33 Procurement Interview Questions in 2023. Sustainable Procurement Analysis — The Ultimate Guide. Procurement analysis is used to collect and analyze data for businesses to gain insights and make informed decisions. In this article, we will discuss what sustainable procurement analysis is. Download Whitepaper →. .

Sustainability 207

Sustainability Procurement Agile and Lean Supply Chain Supply Chain Optimization 207

Procurement Heads

FEBRUARY 20, 2023

The top of the agenda for procurement is to deliver decarbonisation, particularly through Scope 2 emissions (indirect from purchased energy) and Scope 3 emissions (indirect from purchased materials and services). It is rightly argued that Scope 2 and 3 emissions should be controlled and targeted by procurement functions within organisations.

Procurement 130

Procurement Category management Supply chain Purchasing 130

ProcurePort

JUNE 8, 2021

What does it take to be successful with category management? How can procurement managers know that their strategies are working? Procurement leaders within organizations are not unaware of the importance of procurement category management. So, what are some of the […].

Category management 130

Category management Management Strategy Procurement 130

ivalua

DECEMBER 15, 2022

Ivalua, a global leader in spend management , and Capgemini, a global IT services and consulting firm, today announced that after a comprehensive evaluation of available technology solutions, the Volkswagen Group has chosen Ivalua’s platform to digitize its global indirect procurement processes for the Group’s entire brand portfolio. “We

Supply Chain Efficiency 246

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Spend management 246

Procurement Leaders

AUGUST 25, 2023

By benchmarking leading organisations alongside others, Procurement Leaders’ Strategic Planning Guide 2024 research reveals the measures procurement chiefs can take to ensure their functions perform at the highest possible level. CPOs may wish to consider whether they can increase those figures further, however.

Strategic planning 130

Strategic planning Procurement Influencing Procurement team 130

ivalua

JANUARY 30, 2023

Why should Procurement own Scope 3 Emissions? For most procurement (and supply chain) professionals, the topic of Scope 1, 2, and 3 emissions should be coming at you from every direction. In the diagram below, it’s clear that the main area of impact for Procurement is upstream Scope 3 emissions. POs, and invoices).

Procurement 130

Procurement Category management Suppliers Data 130

ivalua

JANUARY 30, 2023

Why should Procurement own Scope 3 Emissions? For most procurement (and supply chain) professionals, the topic of Scope 1, 2, and 3 emissions should be coming at you from every direction. In the diagram below, it’s clear that the main area of impact for Procurement is upstream Scope 3 emissions. POs, and invoices).

Procurement 130

Procurement Category management Suppliers Data 130

ivalua

JUNE 14, 2023

Ivalua Spend Management Insights [ivory-search] Get Ready for Success! We recommend leveraging these workstreams, based on Gartner’s 4 Workstreams for Successful Implementation of Any Procurement Application to maximize the impact of your next large-scale procurement implementation: 1.

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Procurement Change management Supply Chain Optimization supply chain budgeting 239

Positive Purchasing

MARCH 5, 2024

Approach Purchasing and Procurement Strategically, Effectively and Sustainably with Category Management. Category Management in Purchasing will help you source strategically and deliver profitability and new supply-side value effectively with a step-by-step guide to the tools, techniques and application of category management.

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Category management Purchasing Management Sustainability 52

Art of Procurement

MARCH 20, 2024

Services spend is becoming an increasingly important strategic category for procurement to manage as more and more businesses rely on. The post Analyzing the Global State of Services Procurement appeared first on Art of Procurement.

Procurement 52

Procurement Import Management Category management 52

ivalua

FEBRUARY 8, 2023

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Why is visibility so important?

Supply chain resilience 242

Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

Procurement Tactics

DECEMBER 6, 2022

33 Procurement Interview Questions in 2022. Spend Management — The Ultimate Guide of 2023. Spend management is an important process to reduce losses and mistakes. However, how do you manage your spending? In this article, we will discuss what spend management is. What is Spend Management?

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Spend management Management Real-time Visibility Budget 172

ProcurePort

FEBRUARY 23, 2022

Category management (purchasing) in procurement refers to the grouping of related spend items together with a view of finding value opportunities. Categories can be vendors, country of origin, price, volume, or even frequency of purchase. Managers need to constantly minimize internal costs of […].

Category management 130

Category management Purchasing Management Price 130

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.

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Procurement Strategic sourcing Strategic sourcing Leadership 130

Positive Purchasing

FEBRUARY 13, 2024

Can Digital Category Management Enhance Efficiency Without Sacrificing Human integrity? We’re tackling this of-the-moment topic during our upcoming webinar, Digital Category Management – Is it Robust, Faster and Better? , Tick box Category Management’ is a thing of the past.

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Category management Management Procurement team Procurement 52

Spend Matters

MARCH 11, 2024

Procurement organizations increasingly demand efficient and streamlined processes. Traditional procurement processes can be complex, time-consuming and manual, leading to inefficiencies, a lack of transparency and increased risk. It is exactly the kind of challenge that VORTAL addresses. This content is for members only.

Procurement solutions 101

Procurement solutions Sourcing Procurement Market analysis 101

Positive Purchasing

APRIL 3, 2024

Who should attend Learning Technologies is open to all decision makers working within learning and development including: Learning and Development Managers Organizational Development Directors Chief Learning Officers Training Directors HR Directors Talent Management Come visit our stand!

Purchasing 52

Purchasing Supplier relationship management Category management Negotiation 52

Spend Matters

OCTOBER 26, 2023

In this series of articles, we explain what these vendors offer, why they are likely to become future members of our ‘ 50 Procurement Providers to Watch ‘ and ‘ 50 Procurement Providers to Know ‘ lists and what challenges they may face. Any threats or challenges ahead?

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Category management Procurement team Collaboration Bill of materials 89

Art of Procurement

JANUARY 12, 2023

In this week’s episode of the Art of Procurement podcast, Philip Ideson welcomed the first guest of 2023: Stephane Morel, The post Applying Category Management to the Challenges of a New Age appeared first on Art of Procurement.

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Category management Management Procurement 145

Positive Purchasing

MARCH 20, 2024

Can Digital Category Management Enhance Efficiency Without Sacrificing Human integrity? This is a great complementary solution which can be used alongside tools like Capella , our guided category strategy creator®, and Ruby , our guided negotiation plan creator ®. We are very excited about where this will lead for us both.”

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Category management Management Supplier relationship management Procurement team 52