Purchasing & Procurement Zone

Supplier Management in Procurement – Its Benefits, Process, & Best Practices

ProcurePort

MARCH 30, 2021

Besides your customers, your suppliers might be the next most important group of people with which your organization regularly interacts. This is because, without your suppliers and vendors, your products and services simply don’t get made. If you don’t have goods or services to offer, then you won’t have any customers either.

Suppliers

Suppliers Management Procurement Import

Evolving Supplier Management for Public Procurement

ivalua

FEBRUARY 3, 2021

The post Evolving Supplier Management for Public Procurement appeared first on Ivalua.

Suppliers

Suppliers Management Procurement

How to Assess Supplier Risk Management in Procurement: An Overview, Report, and Checklist

ProcurePort

MARCH 23, 2021

The post How to Assess Supplier Risk Management in Procurement: An Overview, Report, and Checklist appeared first on ProcurePort Blog. In fact, the right risks, made with calculations and well-founded information, yield some of the best rewards. That being said, there are certain times and places that we want to […].

Risk management

Risk management Risk Suppliers Management

Webinars

Manufacturing Sustainability Surge: Your Guide to Data-Driven Energy Optimization & Decarbonization

MORE WEBINARS

Musings on procurement and supplier management in the wake of SVB

Spend Matters

MARCH 17, 2023

Indeed, procurement should no longer just look at its “part-time” job in risk management from the vantage point of only “supply risk," i.e., physical or labor supply risk. The other two key factors that procurement MUST manage from a risk perspective with its suppliers include the financial supply chain (i.e.,

Suppliers

Suppliers Management Procurement Risk management

How One Manufacturer Used GEP SOFTWARE To Save $45M in Direct Material Sourcing

Advertiser: GEP

For global manufacturers, managing direct and indirect material spend can get very complicated very quickly. Multiple legacy systems prevent procurement from standardizing processes and tracking what they’re spending with each supplier.

Sourcing

Global Process Owners Week Europe – Managing Supplier Risk within Procure to Pay

ivalua

FEBRUARY 12, 2021

The post Global Process Owners Week Europe – Managing Supplier Risk within Procure to Pay appeared first on Ivalua.

Risk

Risk Suppliers Management Procurement

How Managed Procurement Services Enhance Supplier Risk Management

Empowering CPO

JULY 2, 2023

Introduction In an increasingly complex global market, procurement services have become more than just a business necessity; they are a strategic linchpin that can significantly impact a company’s bottom line. Yet, the intricacies of this process, especially in terms of supplier management, can present a myriad of challenges.

Risk management

Risk management Risk Suppliers Management

How Procurement Can Add Value To Supplier Master Data Management

ivalua

DECEMBER 18, 2019

Jarrod McAdoo, Senior Product Marketing Manager, Ivalua. Master supplier data doesn’t just matter to Procurement. It plays a role in a number of necessary business functions and is a key enabler of automation throughout the Procure-to-Pay (P2P) process. Who Should Own Supplier Master Data? Risk management.

Data

Data Suppliers Management Procurement

Leaders in procurement champion Supplier Experience Management

HICX

JUNE 24, 2022

Prominent members of the procurement community discuss why we should care about the supplier’s experience, at last week’s World Procurement Congress. As the name suggests, SXM is about managing the experience that suppliers have in working with buying organizations. What is a supplier-first mindset?

Suppliers

Suppliers Management Procurement Strategic sourcing

Risk Vendor Profiles (Part 3): Supplier management non-suite risk monitoring solutions — QAD Allocation, APEX Analytix, Aravo, Procurence, Sourcemap

Spend Matters

AUGUST 25, 2022

Over the coming weeks, our risk series will cover vendors within the following risk categories: Financial Risk & Supplier Risk. Supplier Management Non-Suites. Supplier Management Suites. Contract Risk Management. Fraud Prevention & Services Procurement Risk. Supply Chain Risk.

Risk

Risk Suppliers Management Procurement

IKEA x Capgemini x Ivalua – Why (carbon) net zero starts in procurement & how to incorporate sustainability elements into your supplier management process?

ivalua

JUNE 11, 2021

Companies are being pressured on all sides to commit to Net Zero and CPOs should build their Net Zero goals by evaluating sustainability metrics into all aspects of their procurement decisions and processes. Now is the time to act, and to engage your supply chain on this important global issue. Sounds interesting? Sign up HERE.

Sustainability

Sustainability Suppliers Procurement Management

How supply chain and procurement teams can manage suppliers effectively

Skill Dynamics

AUGUST 11, 2022

Managing strategic suppliers effectively is essential for procurement and supply chain teams to improve processes and drive competitive advantage for their organization. Investing time and effort in managing these suppliers will contribute considerably to the success of your organization. Communication style.

Procurement team

Procurement team Suppliers Supply chain Supplier relationship management

Former GM procurement manager convicted in supplier bribery scheme

Supply Chain Dive

NOVEMBER 30, 2023

Hyoung Nam So was found guilty of securing a $100 million contract for a South Korean auto parts supplier in exchange for millions in cash.

Suppliers

Suppliers Management Contract Procurement

Colliding Views

Procurement Templates

APRIL 15, 2024

They would ask various procurement managers for advice but often got a different response depending on who they ask. For context the stakeholder is asking for procurement advice set within the rules for public sector buying and a UK regulatory framework.

Influencing

Influencing Negotiation Risk Innovation

SUPPLIER RELATIONSHIP MANAGEMENT : AN OPPORTUNITY FOR PROCUREMENT MAKEOVER

Zycus Cognitive Procurement

JULY 30, 2021

SUPPLIER RELATIONSHIP MANAGEMENT (SRM) MATURITY IS CORRELATED WITH PROFITABILITY. Hence, procurement teams are compelled to scale up, scale down, pause, or even accelerate processes depending on the market situation and current supplier dynamics. The global economy is going through a period of unprecedented churn.

Supplier relationship management

Supplier relationship management Suppliers Management Procurement

100 Day Plan

Procurement Templates

APRIL 15, 2024

Imagine starting a new procurement role where you have a real chance of making changes and influencing the procurement direction. Review Existing Processes: Analyze current procurement processes, systems, and documentation to identify strengths, weaknesses, and areas for improvement.

Procurement team

Procurement team Contract management Innovation Suppliers

How to Choose the Best Suppliers with E-Sourcing Software

ProcurePort

APRIL 1, 2024

Businesses can improve operations by using e-sourcing software for procurement. Let’s delve deeper into how e-sourcing software can revolutionize procurement processes and drive bottom-line growth. It is a game-changer in this area.

Sourcing

Sourcing Suppliers Innovation Procurement

Route to Market

Procurement Templates

APRIL 5, 2024

Procurement Route to Market Template Introduction: Provide an overview of the project or requirement. Briefly outline the purpose of procurement. Objectives: Define the specific objectives of the procurement process. Scope of Work: Detail the scope of work or services to be procured. Options for Procurement Route: a.

Bidding

Bidding Negotiation Suppliers Contract

Ignite Procurement: Vendor Analysis — Spend analytics, supplier management and carbon accounting solution overview, roadmap, competitors, tech selection tips, analyst summary

Spend Matters

MAY 22, 2023

Categories: Spend Analysis Tags: PRO In this Spend Matters PRO Vendor Analysis , we provide an overview of Ignite Procurement and its solution for spend analytics, supplier management and carbon accounting. We originally covered Ignite Procurement in 2020 only two years after it launched its product.

Suppliers

Suppliers Management Procurement Contract management

Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

FEBRUARY 10, 2023

Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy.

Price

Price Strategy Sourcing Real-time Visibility

Strategic Procurement — Everything You Should Know

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.

Procurement

Procurement Procurement strategies supply chain budgeting Contract management

Why should I opt for E-procurement?

ProcurePort

APRIL 4, 2024

One such avenue that has gained significant traction in recent years is electronic procurement, commonly known as e-procurement. E-procurement uses digital tech to streamline the procurement process, from finding suppliers to buying and managing contracts. […] The post Why should I opt for E-procurement?

Procurement

Procurement Contract Suppliers Management

Sales Order vs. Purchase Order – 8 Key Differences

Procurement Tactics

JUNE 22, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. While these two may seem similar, they serve different purposes and are used at various stages of the procurement process. What is a Sales Order?

Purchase orders

Purchase orders Purchasing supply chain software solutions Buyers

Supplier Order Management Software – Everything You Should Know

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. Negotiation Course Learn from industry experts who negotiated billion $ deals 2.

supply chain software solutions

supply chain software solutions Suppliers Management Real-time Visibility

Procurement on the Thames: Ivalua’s London Summer Symposium

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

Supply Chain Efficiency Strategic sourcing Strategic sourcing Procurement

Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience

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

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

Agile Methodology in Procurement: A Paradigm Shift in Supply Chain Management

ProcurePort

NOVEMBER 10, 2023

Agile Procurement involves a new way of thinking. It promotes flexible sourcing and working closely with suppliers. Successful examples show that being flexible in procurement brings better responsiveness, smoother processes, and strong supplier relationships.

Agile and Lean Supply Chain

Agile and Lean Supply Chain Supply chain management Supply chain management Supply chain

Essential Negotiation Skills for Procurement Professionals

ProcurePort

MARCH 28, 2024

Negotiation is at the heart of procurement. Whether you’re securing the best prices, managing supplier contracts, or resolving disputes, the ability to negotiate effectively is crucial for procurement professionals. In business today, being good at negotiation is more than just getting a good deal.

Negotiation

Negotiation Procurement Contract Price

JOB ORDER – Everything You Should Know

Procurement Tactics

JULY 2, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. Job orders also set out clearly the path for procurement professionals to enable them to execute the procurement process efficiently.

supply chain budgeting

supply chain budgeting Supply Chain Efficiency Negotiation Budget

A Vendor Management Guide for Procurement Leaders

ProcurePort

OCTOBER 25, 2023

• Vendor management is essential for cost efficiency, quality assurance, risk mitigation, and fostering innovation through collaborative relationships with suppliers.

Vendor management

Vendor management Management Procurement Quality

Q1 2024 Insider roundup: A deep dive into AI; following procurement tech market movements; updated coverage of 18 vendors

Spend Matters

APRIL 4, 2024

Our coverage also explores the latest thought leadership topics about procurement and supply, the technology that serves it and comparative analyses based on demos and the scoring of 500+ RFI requirements across 12 source-to-pay (S2P) categories that create our Vendor Ranking data. ‘ The major highlights are described below.

Procurement

Procurement Risk management Raw materials supply chain software solutions

Spot the mistakes Strategic Sourcing Framework

Procurement Templates

MARCH 3, 2024

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. This assessment aims to identify what the organization needs to procure to fulfill its objectives effectively and efficiently.

Strategic sourcing

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency

Procurement Managers — The Ultimate Guide

Procurement Tactics

MAY 30, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Procurement Managers — The Ultimate Guide Procurement managers are not easy, but the role is rewarding, interesting, and crucial to the success of a business. Why Are They Important?

Management

Management supply chain budgeting Procurement Negotiation

Challenges in Sustainability Faced by Procurement Teams

Procurement Tactics

MAY 4, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Challenges in Sustainability Faced by Procurement Teams Adopting sustainability in procurement has many challenges that the procurement team must address to aim for sustainability.

Procurement team

Procurement team Sustainability Procurement Negotiation

The Big Interview with Rebecca Howard

Procurement Heads

JANUARY 4, 2023

For Procurement Heads ‘ latest Big Interview, Rebecca spoke to Will Cooke about her career, SRM and sustainable procurement. How did you get into procurement? I got into procurement through a graduate procurement programme at British Airways in 1997.

Supply Chain Efficiency

Supply Chain Efficiency Sustainability Agile and Lean Supply Chain Suppliers

What does the German Supply Chain Act Mean for Procurement?

ivalua

JANUARY 8, 2023

What Lieferkettengesetz Means for Procurement? The act was established to address issues of sustainability and ethical conduct in global supply chains, and has significant implications for companies and procurement organizations operating in Germany. By Jan-Hendrik Sohn. Export and import of certain hazardous wastes.

supply chain software solutions

supply chain software solutions Supply Chain Efficiency Supply chain Procurement

ChatGPT in Procurement — Revolutionizing the Norm

Procurement Tactics

FEBRUARY 19, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter ChatGPT in Procurement — Revolutionizing the Norm ChatGPT is getting popular not just in procurement but also in various industries as it assists professionals in their everyday work. What is ChatGPT?

Procurement

Procurement Market analysis Contract Suppliers

Supplier Relationship Management Software — Everything You Should Know

Procurement Tactics

OCTOBER 18, 2022

33 Procurement Interview Questions in 2022. Supplier Relationship Management Software — Everything You Should Know. Supplier relationship management software is a very important factor for procurement managers to strengthen their relationship with their suppliers. First Name.

Supplier relationship management

Supplier relationship management supply chain software solutions Suppliers Management

What is Procurement Sourcing?

ProcurePort

NOVEMBER 2, 2023

Procurement Sourcing Overview: Procurement sourcing is finding and choosing suppliers to get things an organization needs. It involves identifying, evaluating, negotiating, selecting, managing contracts, and maintaining supplier relationships. appeared first on ProcurePort Blog.

Sourcing

Sourcing Procurement Leadership Negotiation

Procurement Tracking – Everything You Should Know

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. What is Procurement Tracking? Procurement Tracking is the process of monitoring and managing procurement activities.

Supply Chain Efficiency

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting

Managing Supply Chain Disruptions: U.S., U.K. Manufacturers Accelerate Procurement

ivalua

JULY 14, 2022

Ivalua study finds 97% of procurement leaders see significant disruption in direct materials supply chain; 67% not confident in existing technology; 84% consider modernization a ‘strategic priority’. A full 84% of procurement leaders agree that dealing with supply chain disruptions has been their biggest career challenge to-date.

Supply Chain Efficiency

Supply Chain Efficiency Supply Chain Optimization supply chain software solutions Supply chain

Casey’s takes supplier management digital with new procurement tool

Supply Chain Dive

SEPTEMBER 30, 2022

Graphite Connect, which manages vendor data and risk, relieves the convenience store operator of manually tracking information.

Management

Management Suppliers Procurement Risk

A More Reliable Path to Net Zero: Ivalua’s Latest Innovation Helps Reduce the Environmental Impact of Supply Chains

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

Supply Chain Efficiency supply chain software solutions Innovation Supply chain

The Big Interview with Chris Minter

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? What are the roles and responsibilities that the procurement function holds within your organisation?

Sustainability

Sustainability Influencing Suppliers Procurement

Supplier Management in Procurement – Its Benefits, Process, & Best Practices

Evolving Supplier Management for Public Procurement

Webinars

Trending Sources

How to Assess Supplier Risk Management in Procurement: An Overview, Report, and Checklist

Webinars

Musings on procurement and supplier management in the wake of SVB

How One Manufacturer Used GEP SOFTWARE To Save $45M in Direct Material Sourcing

Global Process Owners Week Europe – Managing Supplier Risk within Procure to Pay

How Managed Procurement Services Enhance Supplier Risk Management

How Procurement Can Add Value To Supplier Master Data Management

Leaders in procurement champion Supplier Experience Management

Risk Vendor Profiles (Part 3): Supplier management non-suite risk monitoring solutions — QAD Allocation, APEX Analytix, Aravo, Procurence, Sourcemap

IKEA x Capgemini x Ivalua – Why (carbon) net zero starts in procurement & how to incorporate sustainability elements into your supplier management process?

How supply chain and procurement teams can manage suppliers effectively

Former GM procurement manager convicted in supplier bribery scheme

Colliding Views

SUPPLIER RELATIONSHIP MANAGEMENT : AN OPPORTUNITY FOR PROCUREMENT MAKEOVER

100 Day Plan

How to Choose the Best Suppliers with E-Sourcing Software

Route to Market

Ignite Procurement: Vendor Analysis — Spend analytics, supplier management and carbon accounting solution overview, roadmap, competitors, tech selection tips, analyst summary

Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

Strategic Procurement — Everything You Should Know

Why should I opt for E-procurement?

Sales Order vs. Purchase Order – 8 Key Differences

Supplier Order Management Software – Everything You Should Know

Procurement on the Thames: Ivalua’s London Summer Symposium

Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience

Agile Methodology in Procurement: A Paradigm Shift in Supply Chain Management

Essential Negotiation Skills for Procurement Professionals

JOB ORDER – Everything You Should Know

A Vendor Management Guide for Procurement Leaders

Q1 2024 Insider roundup: A deep dive into AI; following procurement tech market movements; updated coverage of 18 vendors

Spot the mistakes Strategic Sourcing Framework

Procurement Managers — The Ultimate Guide

Challenges in Sustainability Faced by Procurement Teams

The Big Interview with Rebecca Howard

What does the German Supply Chain Act Mean for Procurement?

ChatGPT in Procurement — Revolutionizing the Norm

Supplier Relationship Management Software — Everything You Should Know

What is Procurement Sourcing?

Procurement Tracking – Everything You Should Know

Managing Supply Chain Disruptions: U.S., U.K. Manufacturers Accelerate Procurement

Casey’s takes supplier management digital with new procurement tool

A More Reliable Path to Net Zero: Ivalua’s Latest Innovation Helps Reduce the Environmental Impact of Supply Chains

The Big Interview with Chris Minter

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