ProcurePort

JUNE 28, 2022

• Purchasing performance measurement is incredibly important for organizations. A cost reduction in procuring new goods and services can allow enterprises to position their end products and services competitively, thus impacting the bottom line. • In recent years, procurement teams have played a strategic role in most organizations.

Purchasing 130

Purchasing Procurement team Procurement Import 130

ProcurePort

JANUARY 20, 2022

Procurement teams rely on a multitude of frameworks to source and supply needed goods, services, and raw materials. A direct purchasing system (DPS) is a contemporary mode of procurement that has been adopted by numerous enterprises. This ‘free […]. This ‘free […].

Purchasing 130

Purchasing Raw materials Procurement team Sourcing 130

Spend Matters

MAY 1, 2025

Many organizations attempt to digitize broken procurement workflows, which only accelerates inefficiencies. To ensure automation delivers maximum value, procurement teams must first streamline their processes, enforce governance and standardize purchasing behaviors.

Real-time Visibility 75

Real-time Visibility supply chain budgeting Procurement Supply Chain Optimization 75

ProcurePort

JULY 7, 2022

• Lean procurement or lean purchase is seen as a principle in the procurement of achieving more with less. Lean procurement seeks to acquire the least number of inputs to achieve the desired outcomes or results. • The post What Is Lean Procurement or Lean Purchasing? appeared first on ProcurePort Blog.

Purchasing 130

Purchasing Procurement Procurement team Inventory 130

Procurement Freelancers

JULY 4, 2024

Imagine that your school requires a large project purchase. You want to obtain the finest… The post Identify Essential Skills for a High-Performing Procurement Team first appeared on Procurement Blog | Procurement & Supply Chain News.

Procurement team 96

Procurement team Procurement Purchasing Supply chain 96

Spend Matters

DECEMBER 23, 2024

By automating routine tasks, procurement teams can focus on strategic initiatives, which appeals to CFOs and finance teams. How customers justify procuretech investment to stakeholders Cost savings and efficiency: Direct savings and operational efficiency metrics resonate strongly with financial stakeholders.

Procurement 123

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supplier consolidation 123

ProcurePort

MAY 27, 2020

Determining how much total money spent in the last year, identifying vendors and managing their relationships, and listing out the various categories of products and services purchased are daunting tasks to any procurement team. The post Your 5-Step Procurement Spend Analysis Template appeared first on ProcurePort Blog.

Procurement 254

Procurement Procurement team Purchasing Management 254

ProcurePort

SEPTEMBER 29, 2021

Invoice purchase order software (I/PO software) refers to technology that syncs purchase orders created by buyers and invoices generated from fulfilled purchase orders. It’s a pragmatic solution that has simplified life for procurement teams and vendors.

Purchase orders 130

Purchase orders Purchasing Procurement team Buyers 130

Spend Matters

JANUARY 8, 2025

Whether it is juggling multiple supplier requests, dealing with complex regulatory requirements or navigating interdepartmental communication gaps, procurement teams face a host of difficulties in aligning their processes to meet business needs effectively.

Market analysis 113

Market analysis Procurement team Sourcing Buyers 113

Procurement Tactics

JUNE 7, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Purchase Price Variance — Everything You Should Know Purchase price variance is an important factor for budget preparation, but why? Price Purchase Variance: What is it?

Price 130

Price Purchasing Raw materials Negotiation 130

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

SCMDOJO

MARCH 6, 2022

Blanket Purchase Order Definition. A blanket purchase order is a simple way for many buying and finance directors to streamline the procurement process and enhance operational efficiency. Simply said, blanket purchase orders allow procurement managers to take advantage of preset costs while also reducing responsibilities.

Purchase orders 138

Purchase orders Purchasing Quantity Contract 138

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.

Purchasing 130

Purchasing Supply Chain Optimization Supply Chain Efficiency Supply chain 130

Procurement Insights

FEBRUARY 18, 2025

EDITOR’S NOTE: I have recently completed a preliminary analysis of Packaging & Container Companies’ challenges to enable greater supplier collaboration and automation around the purchase order process, including PO confirmations, shipment notices, and price/quantity changes.

Purchase orders 52

Purchase orders Collaboration Purchasing Suppliers 52

Spend Matters

FEBRUARY 4, 2025

In many organizations, procurement is often perceived as a black box or a slow-moving, bureaucratic process that eventually creates friction between procurement teams and other departments, especially if employees feel that procurement is a barrier to getting their work done. It must be approachable.

Procurement 105

Procurement Purchasing Negotiation Buying process 105

SCMDOJO

JANUARY 9, 2025

Innovative Solutions: Enhancing Procurement Efficiency While strategic sourcing focuses on supplier relationships and long-term goals, innovative solutions bring technology-driven efficiency and insight to procurement processes. Moreover, early warnings allow procurement teams to take pre-emptive actions, ensuring continuity of supply.

Strategic sourcing 96

Strategic sourcing Strategic sourcing Sourcing Procurement 96

ivalua

MAY 31, 2022

Reviewing pandemic responses and strategies, some CPOs and Procurement teams managed a bit better than their peers as uncertainty and change mounted. These teams were able to quickly communicate and negotiate with their key suppliers to establish a “supplier of choice” solution. . Learning from Supplier Relationships.

Suppliers 246

Suppliers Supplier relationship management supply chain software solutions Agile and Lean Supply Chain 246

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

ivalua

FEBRUARY 10, 2023

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. The key for procurement teams is to stay ahead of inflationary trends so they can anticipate needs and adjust accordingly before problems arise.

Price 264

Price Strategy Sourcing Real-time Visibility 264

TYA Suite

APRIL 13, 2025

Every business, big or small, relies on purchasing goods and services to keep operations running smoothly. But without a clear system to manage these purchases, things can quickly spiral into A mess delays, overspending, or even errors. This transparency not only speeds up processes but also builds trust across teams.

Purchase orders 40

Purchase orders Purchasing Real-time Visibility Budget 40

Una

MAY 23, 2023

Group Purchasing and Indirect Spend: A Fairy-tale Romance A unique take on the relationship between group purchasing and indirect spend and how the two work together to drive cost savings and value. Once upon a time, in the bustling World of Procurement, there existed a charming knight known as Group Purchasing.

Purchasing 97

Purchasing Supply Chain Efficiency Supply Chain Optimization Procurement 97

Spend Matters

MAY 14, 2025

The product (Guided Strategy Creation ) gives procurement teams a consistent way to define category strategies, document risks and objectives, and track results. It also helps procurement teams make the case for their work not just in savings, but in alignment, risk reduction and business impact. What is Cirtuo?

Category management 95

Category management Spend management Management Sourcing 95

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

Spend Matters

APRIL 24, 2025

CFOs are increasingly demanding proof of ROI before approving renewals or new purchases. That is where AI comes in again, giving procurement teams the ability to map usage to value, tie tools to outcomes and course-correct before it is too late. What procurement leaders should be doing now The writing is on the wall.

Procurement team 75

Procurement team Contract Negotiation Budget 75

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. In many ways, we’re like a procurement consultancy without the fees.

Purchasing 98

Purchasing Procurement strategies Suppliers Risk 98

Spend Matters

FEBRUARY 26, 2025

Recent successes include: In 2024, 321 new government procurement teams were onboarded. And in collaboration with NIGPs RMGPA chapter and Colorados OEDIT department, SOVRA will host The Small Business Showcase at the NIGP Forum in Denver to highlight small businesses looking to expand their presence in public procurement.

Procurement 119

Procurement Bidding Contract management Data 119

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. Challenges of procurement risk management Why is procurement risk management so difficult?

Purchasing 96

Purchasing Risk Management Procurement 96

Pipefy

MAY 8, 2025

The procurement department of a company can be one of its quiet driving forces. But when it’s disorganizedeverything stalls: emergency purchases, lack of supplies, unhappy suppliers, rework, and of course, wasted money. In this blog post, we will teach you on how to structure the procurement department.

Procurement 59

Procurement Purchasing Procurement team Purchase orders 59

Procurement Insights

FEBRUARY 21, 2025

Centralized Procurement Request System: Employees submit purchase requests through a unified intake tool , which then routes them to the correct procurement solution (e.g., Workflow Automation: Uses AI and rule-based automation to match requests with the right procurement teams, tools, and policies.

Supply Chain Optimization 75

Supply Chain Optimization Contract management Networking Contract 75

Arkestro

DECEMBER 5, 2024

It leverages advanced technologies to optimize and automate procurement cycles and predict more favorable outcomes. Its real-time insights allow procurement teams to respond swiftly and effectively to changing market conditions and component availability.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply Chain Efficiency Supply chain resilience 52

Procurement Software

MARCH 16, 2025

Digital procurement tools centralise procurement data in one app – or maybe several apps that all talk to one another – ensuring accuracy and real-time updates. As a result of better data, procurement teams gain a whole range of benefits. Digital procurement tools are the enabler to free up time for these.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

Spend Matters

APRIL 23, 2025

Their hands-on experience ensures that everything described here comes directly from people in the trenches procurement professionals facing these challenges daily. So our journey began with a pressing question: How should procurement teams digitally transform?

Procurement team 72

Procurement team Procurement Data Sourcing 72

Spend Matters

MARCH 25, 2025

Identifying key stakeholders Procurement operates within a complex ecosystem where multiple internal and external stakeholders hold different levels of influence. Internally, procurement teams must collaborate closely with finance, IT, legal and operational leadership, each with distinct priorities and decision-making authority.

Stakeholder engagement 96

Stakeholder engagement Management Procurement Influencing 96

Planergy

MAY 8, 2025

Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. 4][5] Supplier Portals Enhance Collaboration: Digital supplier portals are now in use across 35% of procurement platforms. 4] These platforms streamline reporting, reduce risk, and free teams to focus on value creation.

Strategy 52

Strategy Real-time Visibility Procurement Agile and Lean Supply Chain 52

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

Spend Matters

FEBRUARY 13, 2025

As many procurement professionals have discovered, transforming your processes to meet todays challenges in an effective manner is not as simple as writing a new mission statement. The success of the Procurement team at Utz Brands, Inc. ,

Influencing 105

Influencing Procurement supply chain budgeting e2e 105

Procurement Tactics

NOVEMBER 23, 2022

When you promise that your business processes are ethical, then you should walk the talk as customers are now wary of how their purchases can affect the environment and society. . By working with procurement teams, companies can source external resources that may help achieve CSR initiatives. . CSR is a culture of a company.

Procurement 206

Procurement Ethics Sustainability Supply Chain Efficiency 206