Procurement Tactics

JUNE 8, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Purchase Order vs Invoice — 7 Key Differences Purchase orders and invoices may be hard to differentiate, especially if you are new in the procurement industry. What is a Purchase Order?

Purchase orders 130

Purchase orders Purchasing Buyers Quantity 130

Una

FEBRUARY 20, 2023

Elements of a Diversified Procurement Strategy A diversified procurement strategy will utilize both traditional and nontraditional methods of sourcing to drive cost savings and value. This includes implementing aspects of a traditional procurement strategy and adding in some unconventional means to get desirable results.

Procurement strategies 98

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 98

Una

JULY 19, 2022

3 Reasons to Develop a Comprehensive Procurement Strategy. We all know different purchasing scenarios will require us to follow certain processes or have criteria that needs to be met. Because of this, it isn’t necessarily wise to approach procurement with a one-size-fits-all mentality.

Procurement strategies 98

Procurement strategies Strategy Procurement Supplier relationship management 98

Procurement Tactics

MARCH 16, 2023

Strategic procurement is a crucial aspect for businesses across the globe as every organization wants to create an effective procurement strategy to ensure success and maximize value contribution. It aims to ensure that the goods and services that the business needs are delivered on time and purchased within the budget.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

Procurement Templates

APRIL 10, 2022

These are key topics that you should be discussing at your weekly or monthly purchasing team meetings. Procurement strategies may also vary depending on the importance of the supplier. You may also like Team Meeting Agenda , High Performing Team , Purchasing Must Become Supply Management. any initial supply chain.

Purchasing 130

Purchasing Supply Chain Optimization Supply Chain Efficiency Supply chain 130

Procurement Tactics

SEPTEMBER 15, 2022

Sustainable Purchasing — The Ultimate Guide. Sustainable purchasing might be a term that many people are not familiar with. However, this kind of purchasing is important, especially in the supply chain. . In this article, we will talk about what sustainable purchasing is. What is Sustainable Purchasing?

Purchasing 130

Purchasing Sustainability Cost of ownership Supply Chain Efficiency 130

Skill Dynamics

JULY 19, 2024

Let’s take a look at how you can develop and implement your procurement strategy roadmap from start to finish and address key challenges you may face along the way, as well as save costs and mitigate risk. While this is a welcome shift in global procurement strategy, it’s forcing companies to adapt their procurement strategy roadmaps.

Procurement strategies 90

Procurement strategies Strategy Procurement supply chain budgeting 90

Procurement Tactics

AUGUST 21, 2022

Purchasing Group — Everything You Should Know. You may have a hint of what purchasing group is due to its name. In this article, we will discuss what purchasing group is. We will check how it differs from purchasing organizations. Additionally, we will also examine the advantages of purchasing groups. . ENROLL NOW.

Purchasing 130

Purchasing Negotiation Networking Suppliers 130

Spend Matters

FEBRUARY 4, 2025

Roll out procurement with a simple framework Standing up a modern process involves more than just adopting new technology. Consider the below steps to help build a new procurement strategy that fits your business today and in the near-term future.

Procurement 106

Procurement Purchasing Negotiation Buying process 106

Una

JANUARY 4, 2023

The Basics of Group Purchasing. Discover the basics of group purchasing and the benefits of working with a group purchasing organization to develop a comprehensive procurement strategy. The basics of group purchasing. Benefits of working with a group purchasing organization.

Purchasing 92

Purchasing supply chain budgeting Procurement strategies Contract 92

SCMDOJO

JANUARY 9, 2025

Think of them as apples and gearseach essential and effective on its own, yet when combined; they create a formidable mechanism for achieving procurement excellence. This article delves into how these two elements, working together, can transform procurement strategies into long-term competitive advantages.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Procurement 98

ivalua

MAY 30, 2023

Ivalua Spend Management Insights [ivory-search] 3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation May 30, 2023 | | Procurement Strategy by Sara Omer What is the Saudi Vision 2030 Program? It empowers organizations to simplify the procurement process, enhance productivity, and reduce expenses.

Eprocurement 49

Eprocurement Procurement Supply Chain Efficiency Supply chain resilience 49

Una

MARCH 6, 2023

9 Innovative Purchasing Concepts for Procurement Implement various innovative purchasing concepts to ditch the old-school way of doing things and bring your procurement function up to speed. Innovative purchasing concepts Getting innovative in purchasing doesn’t necessarily mean leveraging the latest piece of technology.

Purchasing 98

Purchasing Innovation Agile and Lean Supply Chain Supplier relationship management 98

Una

DECEMBER 6, 2022

8 No-Brainer Reasons to Join a Group Purchasing Organization. Procurement no-brainers include low-risk, high-return activities like centralizing data , paying suppliers on time, and optimizing processes. 8 Reasons to join a group purchasing organization. GPOs help get you aligned with your strategy. Here’s why.

Purchasing 98

Purchasing Procurement strategies Suppliers Risk 98

Spend Matters

OCTOBER 25, 2022

Categories: Procurement Strategy & Planning , Purchasing , Technology Tags: procurement strategy and planning , SaaS It’s time procurement caught up with the fourth industrial revolution. Kind of quaint, isn’t it?

Purchasing 98

Purchasing Procurement strategies Influencing Budget 98

Una

MAY 25, 2023

Managing Procurement Risk with a Group Purchasing Organization Explore how a group purchasing organization can be an effective solution for managing procurement risk and improving overall procurement processes. By Hugo Britt | May 25, 2023 Search Things were looking so bright at the beginning of the year.

Purchasing 96

Purchasing Risk Management Procurement 96

TYA Suite

APRIL 13, 2025

When your business is small, using spreadsheets or sticky notes to track purchases might seem easy. It saves time, reduces mistakes, and gives you a clear view of all purchases, helping you make better decisions. Once approved, the business selects a trusted supplier, negotiates terms, and sends a purchase order.

Purchasing 40

Purchasing supply chain budgeting Supply Chain Efficiency Real-time Visibility 40

Procurement Tactics

APRIL 17, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Government Procurement — Shifting to Sustainability Sustainable government procurement is the commitment of the government to achieve sustainability in its purchases. Enroll now!

Sustainability 201

Sustainability Procurement Negotiation Bidding 201

IBM Supply Chain Blog

DECEMBER 13, 2023

The role of procurement extends beyond transactional activities. A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. What is a procurement strategy?

Procurement strategies 65

Procurement strategies Strategy Procurement Supply Chain Efficiency 65

Spend Matters

MAY 6, 2025

Reducing the total cost of procurement through supplier negotiations and sourcing strategies. Streamlining purchasing processes to enhance efficiency and reduce administrative delays. Leveraging early payment discounts and dynamic discounting to optimize cash utilization.

Supply Chain Optimization 82

Supply Chain Optimization Real-time Visibility Supply Chain Efficiency Procurement 82

Procurement Tactics

APRIL 17, 2023

As sustainability is a growing focus in many industries around the world, many businesses are integrating it, especially consumers who are demanding to know where the products they purchase come from. As a result, it future-proofs the company’s sustainable purchases and investments by integrating sustainable policies.

Sustainability 182

Sustainability Suppliers Influencing Purchasing 182

Procurement Tactics

JUNE 28, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. Purchase Orders Purchase orders are where the monitoring of the creation and approval of purchase orders comes in.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

ivalua

FEBRUARY 10, 2023

Finally, Ivalua’s eProcurement solution enables users to create purchase orders quickly and accurately while providing visibility into status updates along each step of the procurement process. This helps ensure your contracts remain favorable and that all stakeholders comply with the negotiated terms.

Price 264

Price Strategy Sourcing Real-time Visibility 264

Procurement Tactics

MAY 9, 2023

In procurement, invoice reconciliation refers to the process of checking the invoices received from a supplier with the purchase orders to verify if they match. During the reconciliation process, discrepancies between the purchase order and invoice are identified. CERTIFICATE COURSES Related courses about this subject 1.

Purchase orders 182

Purchase orders Negotiation Purchasing Procurement strategies 182

Procurement Tactics

APRIL 6, 2023

Procurement Strategy Course Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Course Maintain high profitability while moving toward sustainability How to Adopt Sustainability in Supply Chain? CERTIFICATE COURSES Related courses about this subject 1.

Supply chain analysis 226

Supply chain analysis Sustainability Supply Chain Efficiency Supply Chain Optimization 226

Procurement Tactics

APRIL 13, 2023

We can also monitor and check if our purchases have any negative impact on the planet. Procurement Strategy Course Take the lead with our proven 5-step procurement strategy 3. Thus, we are going to tell you about opportunities in your procurement that can help you lessen your impact on the environment and society.

Sustainability 195

Sustainability Raw materials Procurement strategies Negotiation 195

Procurement Tactics

MAY 21, 2023

Thus, you will be able to know the total cost of acquiring an asset and make informed decisions about your purchases. The actual cost will depend on various factors such as the purchase price, financing costs, taxes, and other expenses. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2.

Negotiation 174

Negotiation Purchasing supply chain budgeting Procurement strategies 174

Procurement Tactics

MAY 18, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Invoice Approvals — The Ultimate Guide Invoice approvals allow you to only pay for what you purchased, which helps you to avoid overpayment. Invoices without an associated request or purchase order.

Purchase orders 172

Purchase orders Purchasing Negotiation Procurement strategies 172

Procurement Tactics

MAY 30, 2023

What is a Procurement Manager? Procurement managers, also known as purchasing managers, supervise a company’s relationship with suppliers and the logistics of transportation. Procurement managers are responsible for overseeing the procurement activities of an organization.

Management 178

Management supply chain budgeting Procurement Negotiation 178

Procurement Tactics

NOVEMBER 27, 2022

Many companies are now starting to implement green procurement in their operations. In this article, you will learn what green procurement is. We will discuss with you what green purchasing is and the challenges facing procurement professionals in green procurement. What is Green Purchasing?

Procurement 191

Procurement Sustainability Purchasing Raw materials 191

Procurement Tactics

MAY 22, 2023

Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2. Procurement Strategy Course Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Course Maintain profitability while moving toward sustainability 4.

Logistics 207

Logistics supply chain software solutions supply chain budgeting Supply Chain Optimization 207

Spend Matters

MARCH 24, 2025

Procurement organizations often encounter challenges such as limited user adoption, increased workload for purchasing teams, fragmented procurement processes and the complexity of integrating multiple ERP systems. These obstacles can lead to inefficiencies, lack of visibility and misaligned procurement strategies.

Procurement solutions 68

Procurement solutions Real-time Visibility Procurement Market analysis 68

Spend Matters

MAY 14, 2025

The move addresses a long-standing gap in many procurement technology offerings: helping teams define and manage procurement strategies, rather than just executing sourcing events. In addition to Cirtuo, Spend Matters has also reviewed akirolabs and Positive Purchasing’s Capella.

Category management 95

Category management Spend management Management Sourcing 95

Procurement Tactics

APRIL 5, 2023

As sustainability is a growing focus in the world, many businesses are integrating it, especially consumers who are demanding to know where the products they purchase come from. Additionally, sustainability in procurement guarantees that the sustainable values of a company are upheld throughout the product and service life cycle.

Sustainability 187

Sustainability Procurement Supply Chain Efficiency Procurement strategies 187

Procurement Tactics

JULY 20, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. ChatGPT & AI Use ChatGPT to automate procurement processes 5.  Menu Course Library 1.

supply chain software solutions 134

supply chain software solutions Suppliers Management Purchase orders 134

Procurement Tactics

NOVEMBER 29, 2022

We will tell you about MRO purchasing and MRO inventory management. MRO in procurement is usually a forgotten category that is commonly left to operations personnel to find and secure their needed supplies. As such, it can become a risky purchase as operations personnel may spend more than what the company needs to operate. .

Procurement 168

Procurement Inventory Purchasing Procurement strategies 168

Procurement Tactics

APRIL 11, 2023

As sustainability is a growing focus in the world, many businesses are integrating it, especially consumers who are demanding to know where the products they purchase come from. Additionally, sustainable procurement guarantees that the sustainable values of a company are upheld throughout the product and service life cycle.

Sustainability 201

Sustainability Negotiation Procurement Procurement strategies 201