article thumbnail

Managing A Procurement Team – Definitive Guide

Procurement Tactics

33 Procurement Interview Questions in 2022. Managing A Procurement Team – Definitive Guide. Managing a procurement team is difficult. I will show the traits that make millennials a perfect fit in procurement. Managing the New Wave of Procurement Experts.

article thumbnail

7 recruitment tips for building your procurement team

Procurement Heads

As a specialist procurement recruiter, with many years of experience, I’ve seen all sorts of approaches to building procurement and supply chain teams. If you don’t exhaust your internal options, it can be damaging to the team dynamics and organisational culture.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Managing A Procurement Team in 2022 – Definitive Guide

Procurement Tactics

33 Procurement Interview Questions in 2022. Managing A Procurement Team in 2022 – Definitive Guide. Managing a procurement team in 2022 is difficult. I will show the traits that make millennials a perfect fit in procurement.

article thumbnail

BRAVIDA’s PROCUREMENT TEAM ACCELERATES ITS DIGITIZATION JOURNEY WITH IVALUA 

ivalua

Consequently, the platform will effectively digitize all of Bravida’s direct and indirect spend and enhance the group’s strong focus on sustainable procurement through increased transparency and relevant data from suppliers. .

article thumbnail

Sustainability still takes a backseat to profit for procurement teams: study

Supply Chain Dive

A relatively small share of procurement staff see environmental and social goals within their purview or collect related metrics to measure success

article thumbnail

Procurious report: Procurement teams concede to cutting corners

PASA (Procurement and Supply Australasia)

Procurement Teams are under increasing pressure across the globe, with almost a third forced to cut corners, research from Procurious and Ivalua has revealed. . The research surveyed more than 170 procurement and supply chain professionals. .

article thumbnail

Procurement Teams Forced to Cut Corners as External Challenges Bite and Investments in New Technology Don’t Keep Pace

ivalua

Nearly a third (32%) of procurement teams concede to cutting corn ers with their sourcing criteria for suppliers to secure supply. Only 24% of executive teams have fast-tracked investments in new technology for procurement.

article thumbnail

Fairmarkit Introduces New RFP Sourcing Capabilities for Procurement Teams

Supply Chain Brain

Fairmarkit has recently announced the launch of an expansion to their intelligent sourcing platform, adding capabilities to provide an all-in-one solution that leverages automation to simplify competitive sourcing for both RFQs and RFPs

article thumbnail

How supply chain and procurement teams can manage suppliers effectively

Skill Dynamics

Managing strategic suppliers effectively is essential for procurement and supply chain teams to improve processes and drive competitive advantage for their organization. Indirect procurement) Which suppliers are best at delivering what you need today?

article thumbnail

More than half of European suppliers say procurement teams aren’t enforcing standards for responsible labour

ivalua

To make this a reality, procurement must get smarter. The post More than half of European suppliers say procurement teams aren’t enforcing standards for responsible labour appeared first on Ivalua Majority of European suppliers not being asked to prove they protect against labour violations, while 76% of UK suppliers are unprepared for new changes to the Modern Slavery Act.

article thumbnail

7 Signs of Excellent Procurement Teams!

Supply Chain Game Changer

Procurement teams article and permission to publish here provided by Sam Jenks. Procurement is a function that has long been at cross-roads; dare to transform within people, process & technology, or keep doing what has always worked just fine. Procurement with a purpose.

article thumbnail

7 KPIs Your Procurement Team May Be Ignoring!

Supply Chain Game Changer

Procurement bridges the gap between product, internal stakeholders and customers. In order to support the weight of internal and external expectations, Procurement teams must be prepared to perform as a key value adder within an organization. A Procurement strategy should be structured with a clearly defined set of goals and an overarching vision. Developing KPIs is crucial, and individual, to the infrastructure of your Procurement team. Procurement ROI.

article thumbnail

Three Ways Procurement Teams Can Reduce Enterprise Costs

Supply Chain Brain

A 2014 Deloitte survey found that 69 percent of chief procurement officers saw cost reduction as their main priority over the following 12 months. In 2018, the same survey showed that the number had jumped to 78 percent

article thumbnail

JAGGAER Release 21.1 Empowers Global Procurement Teams, Improves User Experience, and Automates Daily Tasks

Jaggaer

Empowers Global Procurement Teams, Improves User Experience, and Automates Daily Tasks appeared first on JAGGAER. The post JAGGAER Release 21.1 Press Release

article thumbnail

Bonfire Open Access Community Projects: Our holiday gift to public procurement teams everywhere

Bonfire

Considering everything you do for your agencies, colleagues, and communities, there’s no question that public procurement professionals are on our “nice” list every year! It’s completely free to use for public procurement professionals everywhere.

article thumbnail

IKEA’s IWAY Has Lessons For Every Procurement Team!

Supply Chain Game Changer

Check out Procurement Report Card: Most Executives Think Procurement Isn’t Strategic Enough! Looking back on the training process, our research, strategy, implementation and evaluation methods closely mirrored supplier relationship management and procurement management. If you don’t have a Supplier CoC, I’d strongly suggest looking into developing one with your sourcing and procurement team. Subscribe Here! Email Address.

article thumbnail

What the Department of Education’s Guidance Means for Higher Ed Procurement Teams

Jaggaer

As the Department of Education, along with state education departments around the country, begin issuing recommendations for return to school plans , procurement teams are left asking what’s next for them. Let’s be honest… it’s a confusing time to be in higher education.

article thumbnail

The Importance of Cross-Functional Collaboration

Una

Team work makes the dream work, right? When developing a new product, engineers will lay out the product features, the finance department will set pricing, marketing will develop branding and messaging, and the sales team will sell it when it’s ready to go.

article thumbnail

What the Best Marketing Procurement Professionals do, how Agencies can respond to Procurement Teams/RFPs, and the value of Lifelong Learning with Stuart Dunk

World of Procurement podcast

If you want to learn how to become a Contract Management Pro in the World of Procurement, start here. We go into detail about Stuart’s background pre-procurement and his extensive Marketing Procurement background at some of the biggest names where he developed true expertise in Marketing.

article thumbnail

New Ivalua study shows technology challenges are hindering procurement teams from achieving business objectives

ivalua

REDWOOD CITY, Calif. , March 31, 2020 /PRNewswire/ — Ivalua, a leading provider of global spend management cloud solutions , has announced the latest findings of a worldwide study of supply chain, procurement and finance business leaders on Effective Procurement Performance Measurement.

article thumbnail

Procurement request guide: Basics, tips and examples

RPF360

Does your procurement team take requests? Listening to and serving stakeholders is a big part of creating a successful procurement team. Fortunately, a procurement request form makes it easy for stakeholders to initiate a project and engage with procurement.

article thumbnail

A step-by-step guide to successful supplier negotiations

Supply Chain Dive

Procurement teams need to be prepared with good reasons as to why their vendor should lower prices. Here’s what to consider before asking for lower costs

article thumbnail

Cost savings vs cost avoidance: What’s the difference?

RPF360

Cost savings and cost avoidance are important strategies for procurement teams. Explore how you can differentiate between cost savings vs cost avoidance and see how you can reduce spend using both along with examples. The post Cost savings vs cost avoidance: What’s the difference?

article thumbnail

Procurement KPIs: How to quantify value and measure success

RPF360

How do you measure the success of your procurement team? Procurement KPIs quantify, capture and report the efficiency and effectiveness of the department. The post Procurement KPIs: How to quantify value and measure success appeared first on RFP360.

article thumbnail

Global survey shows procurement under pressure

SCMR (Supply Chain Management Review)

More than 80% of procurement teams expected by executives to respond more quickly and effectively to supply chain challenges

article thumbnail

The Race to Close the Supply Chain Execution Gap

Supply Chain Brain

As manufacturers cope with heightened pressures for highly customized orders and sudden changes in demand, they experience a mismatch between their planning and procurement teams

article thumbnail

A Better Approach to Supply Chain Diversity, Equity and Inclusion

Supply Chain Brain

Procurement teams often overlook the strategic value in prioritizing diversity, equity and inclusion (DE&I

article thumbnail

Top 7 procurement skills for advancement and success

RPF360

As procurement teams become increasingly lean and strategic, how can practitioners develop deeper skills and understanding for the future? The post Top 7 procurement skills for advancement and success appeared first on RFP360.

article thumbnail

Three Risks for Procurement — And What to Do About Them

Supply Chain Brain

What are the biggest risks procurement teams need to account for in the immediate future, and how can they mitigate them

article thumbnail

Intelligence as a Service: Driving Efficiencies in Supply Networks

Supply Chain Brain

COVID-19 was a wakeup call for procurement teams who failed to invest in the tools and resources necessary to protect their supply chains

article thumbnail

Taking Procurement into the Future

SCMR (Supply Chain Management Review)

In this special digital edition from Supply Chain Management Review, we’re bringing together the best of our recent stories on procurement, which we hope you’ll find useful as you take your procurement team into the future

article thumbnail

Supply Chain Innovation and the Catalyst for Business Growth

All Things Supply Chain

Procurement teams have a growing responsibility within organisations. Cost and quality will always play a huge part across the function (for both direct and indirect categories) but creating value and… General Supply Chain Management innovation supply chain innovation supply chain management supply chain planning

article thumbnail

Three Steps to Align Sourcing Tech With Business Strategy

Supply Chain Brain

Forward-looking procurement teams are embracing new SaaS tools to drive innovation in the sourcing process

article thumbnail

Finding Success with Your Supplier Diversity Program

SpendHQ

Many companies have already begun to develop their Supplier Diversity programs, with the board tasking procurement teams to lead the way as part of their Environment, Social, and Governance (ESG) and Corporate Social Responsibility (CSR) initiatives.

article thumbnail

How to have A Successful Impact In A New Procurement Role

Procurement Heads

All your well-made plans will be changed as you imbed yourself into the company projects and requirements so it is good to keep the following in mind – Comprehend The Business, Understanding The Procurement Structure and Strategise For The Future. Understanding the procurement structure.

article thumbnail

Episode 104: Leveraging the Power of a Procurement Task Force with Harold Hendrickx

Una

EPISODE 104 Leveraging the Power of a Procurement Task Force with Harold Hendrickx By Kelly Barner | March 1, 2023 With the last few years being as unpredictable as they have been, procurement has experienced a number of mindset shifts – all of which have increased our agility and resilience.

article thumbnail

How to Make Supply-Chain Data Trustworthy

Supply Chain Brain

Procurement teams on a digital journey often overlook a critical question: Who is managing the data supply chain

article thumbnail

10 lessons from CPOs leading procurement’s response to the polycrisis

Procurement Leaders

From simmering geopolitical tensions to soaring energy costs and staff shortages, the challenges faced by businesses in recent months have been complex and interlinked, and procurement has a key role to play in tackling this “polycrisis”.

Suppliers 189
article thumbnail

Talent emerges as the key to unlocking procurement’s potential

Procurement Leaders

Fast forward a few months, and with those same events continuing to challenge procurement teams, leaders have revealed what it is that they want. Instead, developing team skills and talent tops CPOs’ agenda for the coming 12 months.

article thumbnail

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

ivalua

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. In order to stay ahead of inflationary trends, procurement teams need to be proactive and continuously adjust their strategies.

Strategy 264
article thumbnail

4 Predictions on Procurement’s Top Trends in 2023

Arkestro

In 2022, procurement faced challenges on multiple fronts. Eager to reduce administrative busywork, procurement teams are treating the permacrisis as an opportunity to make long-sought changes along a digital journey. So, what will 2023 have in store for the procurement world?

article thumbnail

Assessing the Effectiveness of Procurement Training Programs

NLPA (Next Level Purchasing Association)

Measuring the impact of procurement training is crucial for procurement team leaders, as it allows them to assess the effectiveness of their training programs and determine the return on investment. However, not all procurement training programs are created equal.

article thumbnail

Supporting Procurement During a Recession: How You Can Prepare Your Team

Arkestro

Procurement has already survived the hectic times of COVID, and many people in the industry are feeling economic anxiety for what’s to come. So, how can you prepare your procurement team for an impending recession? Is procurement heading for a recession?