Procurement Templates

DECEMBER 11, 2024

Sustainability and Compliance: Ensure procurement activities align with environmental, social, and governance (ESG) standards and regulatory compliance. Implement Lean Procurement Practices: Use lean management principles to minimize waste and streamline procurement operations.

Procurement 130

Procurement Supply Chain Efficiency Cost of ownership supply chain budgeting 130

ivalua

MAY 21, 2025

Enterprise procurement teams face growing pressure to deliver strategic value – managing supplier risk, ensuring compliance, and supporting sustainability – all without sacrificing speed or control. Procurement Teams Digital technology empowers procurement teams with efficiency and control.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain e2e 130

Spend Matters

JUNE 2, 2025

Achieving true alignment between finance and procurement goes beyond initial collaboration it requires ongoing monitoring and measurement of shared objectives. How procurement KPIs support financial reporting and budgeting CFOs rely on accurate financial reporting and forecasting to drive business decisions.

Sustainability 64

Sustainability supply chain budgeting Supply Chain Efficiency Real-time Visibility 64

Spend Matters

MARCH 25, 2025

To understand why, lets look at the following parallel: Procurement professionals often discuss spend under management (SUM) as a key metric of success. However, the reality is that stakeholders, including budget owners, business units, etc., largely control procurements level of influence.

Stakeholder engagement 86

Stakeholder engagement Management Procurement Influencing 86

Spend Matters

APRIL 15, 2025

Procurements most valuable players Jesus Campos , CEO CorporateLATAM, once wrote on Spend Matters that procurement functions must address two key areas to navigate the uncertainty of global markets: risk management and organizational structure the latter being relevant to our discussion on procurement transformation.

Procurement 93

Procurement Category management Chief Procurement Officer Risk management 93

Spend Matters

APRIL 15, 2025

Modern procurement needs have far surpassed transaction management; procurement is now a critical component in driving strategic value across businesses and AI has become a key tool in procurement teams back pockets.

Real-time Visibility 68

Real-time Visibility Procurement e2e Supply Chain Efficiency 68

ivalua

JUNE 1, 2022

From this discussion, we compiled a list of 8 critical supply chain management activities that to improve, build, and maintain supply chain resilience now and in the years to come. But building an agile, resilient supply chain doesn’t happen overnight; it requires forethought and planning.

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

Spend Matters

MAY 27, 2025

Technology is a powerful enabler of finance-procurement collaboration, bridging gaps in spend visibility, cost control and data integration. Without the right tools, procurements contributions to financial strategy can remain disconnected from budgeting, forecasting and risk management.

Real-time Visibility 74

Real-time Visibility Procurement supply chain budgeting Supply Chain Optimization 74

Procurement Insights

JANUARY 3, 2025

Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

ivalua

MARCH 16, 2021

Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed in late 2020 by Philip Ideson from Art of Procurement. In fact, the pandemic spurred enormous growth and expansion for Procurement, while helping uncover hidden weaknesses in procurement processes and procedures. Why is visibility so important?

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

Skill Dynamics

JANUARY 14, 2025

Procurement is often an overlooked area within organizations, working behind the scenes to ensure businesses have the goods and services they need to operate at their best. Considering its importance, it makes sense that modern procurement teams have a structured approach to developing essential skills and capabilities.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

Arkestro

DECEMBER 26, 2024

Staying on top of the ever-changing procurement landscape in 2025 is paramount to staying competitive. As the procurement industry and supply chains become more tech-driven and complex, one fact is clear: companies that embrace industry trends will be best positioned to thrive in the challenging procurement landscape of 2025 and beyond.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Planergy

MARCH 18, 2025

How better management in AP can give you better flexibility for cash flow management. Common disruptions such as economic instability, vendor delays, natural disasters, and supply shortages uniquely challenge schools due to tight budgets and rigid schedules. But what happens if those supply chains are disrupted?

supply chain budgeting 52

supply chain budgeting supply chain software solutions Supply Chain Efficiency Supply chain 52

Jaggaer

MARCH 24, 2025

These procurement technologies empower teams to move beyond traditional methods, using data-driven insights for smarter sourcing, demand forecasting, and risk management. Predictive AI, on the other hand, uses historical data to forecast potential disruptions, price changes, and supply chain risks.

Procurement 52

Procurement Supply Chain Optimization Real-time Visibility supply chain budgeting 52

Jaggaer

MARCH 7, 2025

But what does the future hold for public procurement, and how can technology fine-tune the process to perfection? Why Modernizing Government Procurement Matters Government procurement is a complex process, often involving multiple stakeholders, large-scale budgets, and stringent regulatory requirements.

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility Procurement Supply Chain Optimization 52

TYA Suite

MAY 13, 2025

This step often begins with employees or departments noticing a shortfall, whether its raw materials for production, office supplies, or maintenance equipment. The need is recognized and communicated to the procurement team to start the process. If necessary, they may suggest alternative solutions or adjustments to save costs.

Procurement 40

Procurement supply chain budgeting Supply Chain Efficiency Raw materials 40

Planergy

MAY 8, 2025

4][5] Supplier Portals Enhance Collaboration: Digital supplier portals are now in use across 35% of procurement platforms. Nearly 50% of teams still report productivity slowdowns due to manual data entry, though 43% of leaders are prioritizing change. [4] In 2025, this is finally starting to shift at scale.

Strategy 52

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

Procurement Leaders

MARCH 6, 2023

Amid competing priorities, cost remains key With procurement being asked to deliver on so many fronts, it’s perhaps no surprise that the function is now seen as much more than about reducing costs. It’s always going to be sexy to save money. The question is: what are the other areas on which we can focus?”

supply chain budgeting 189

supply chain budgeting Suppliers Risk Procurement 189

Procurement Tactics

OCTOBER 13, 2022

However, not many people know their real role in procurement. . In this article, we will discuss what a strategic sourcing manager is. We will discuss the role of strategic sourcing managers within the procurement team and their responsibilities in a company. Skills Necessary to be a Strategic Sourcing Manager.

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

Jaggaer

MARCH 20, 2025

Uncertainty around federal and state policy changes poses a significant challenge for procurement leaders across all types of higher education institutions. Community colleges, public universities, and private institutions alike must navigate the potential for budget cuts, shifts in federal aid programs, and changing regulatory requirements.

supply chain budgeting 52

supply chain budgeting Procurement Budget Supply Chain Efficiency 52

Jaggaer

FEBRUARY 5, 2025

This allows the procurement team to quickly identify the lowest or most favorable bid based on cost factors. For example, carbon emissions can be costed, and delivery times or product quality might be scored numerically or based on predefined KPIs in the system.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

Procurement Templates

JUNE 18, 2023

ChatGPT Procurement departments can take several steps to manage inflation effectively. Here are some strategies and practices that can be implemented: Long-term contracts: Procurement teams can negotiate long-term contracts with suppliers that include price adjustment mechanisms.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Procurement Tactics

JUNE 28, 2023

Budget and Cost Control Procurement expenditures, monitoring variations in the cost and identifying opportunities for savings, and avoiding unnecessary costs shall be monitored in accordance with the approved budget. These include purchase management, expense filing, and workflow automation.

Supply Chain Efficiency 178

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

Procurement Insights

MAY 22, 2025

is a leading AI-powered platform specializing in third-party risk management, compliance, and supplier lifecycle automation. Leadership Founder & CEO: Jag Lamba, former McKinsey consultant, leads the company with a focus on operational agility, risk management, and AI innovation. Everything about Certa.ai

Supply Chain Efficiency 40

Supply Chain Efficiency supply chain budgeting Stakeholder engagement Agile and Lean Supply Chain 40

Procurement Templates

MARCH 3, 2024

Risk Assessment : Identifying potential risks associated with procurement activities is essential for effective planning and mitigation. Risks may include budget constraints, supply chain disruptions, quality issues, legal compliance, etc.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

TYA Suite

OCTOBER 27, 2024

Procurement management software simplifies the vendor selection process by offering tools to evaluate and compare vendor performance based on specific criteria such as price, quality, reliability, and compliance. This data-driven approach helps businesses make strategic decisions and improve their procurement strategies.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

Supply Chain Game Changer

OCTOBER 28, 2021

Subscribe to Supply Chain Game Changer. Featuring Our 12 Best Procurement Articles! Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. Subscribe Here! Email Address.

supply chain budgeting 98

supply chain budgeting Procurement Supply Chain Efficiency e2e 98

Planergy

FEBRUARY 24, 2025

Key Steps in the Education Procurement Process Needs Assessment Institutions must thoroughly understand their requirements before making any purchase. This involves consulting educators, administrators, and department heads to identify specific needs, performance expectations, and budget constraints.

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

Procurement Insights

MAY 21, 2025

QUESTION 1: How does Hansen’s Metaprise Model address the following CPO concerns: Budget Constraints, Process and System Alignment, Technology Gaps, Challenging Market Dynamics, Difficulty Engaging Stakeholders? tariffs, port strikes), reducing costs by 2030% (DND case study). Heres how it tackles each challenge: 1.

supply chain budgeting 52

supply chain budgeting Real-time Visibility Stakeholder engagement Agile and Lean Supply Chain 52

Planergy

MARCH 19, 2025

Managing these suppliers isnt just about making purchases; it ensures smooth operations, cost savings, and quality education. However, budget restrictions and transparency requirements present challenges. What is Supplier Management? Improved Focus: With fewer disruptions, educators can dedicate more energy to teaching.

Suppliers 52

Suppliers Management supply chain budgeting Supply Chain Efficiency 52

IBM Supply Chain Blog

FEBRUARY 13, 2024

In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

Empowering CPO

MAY 8, 2023

Importance of Risk Management in Procurement Procurement plays a critical role in the success of any organization, as it involves acquiring goods and services necessary for business operations. Understanding Procurement Risk A. Introduction A.

Risk management 52

Risk management Risk Procurement strategies Strategy 52

Spend Matters

JULY 27, 2023

We recommend considering a few things to gauge your maturity levels such as the company’s goals, current procurement process, budget and resources, risk tolerances, etc. Centralize new supplier intake Too many procurement teams operate without centralization, leading to the chaos of disparate teams working on disparate projects.

Suppliers 98

Suppliers Supply Chain Efficiency Risk management Procurement team 98

Future Purchasing

FEBRUARY 25, 2025

Public procurement departments are navigating a complex landscape of challenges, including regulatory shifts, inefficiencies, difficulty building resilient supply chains, and an increasing demand for sustainability and transparency. Inflation creates budget pressure, meaning teams must deliver more with less.

Innovation 52

Innovation Supply Chain Efficiency Procurement Category management 52

Spend Matters

APRIL 30, 2025

The modern procurement leader must manage risk, drive ESG, deliver cost savings and enable innovation often without additional headcount or budget. Against this backdrop, a new model is emerging: procurement as Orchestrator of Value. This was the focus of a webinar that took place on March 26.

Suppliers 73

Suppliers Management Real-time Visibility Agile and Lean Supply Chain 73

Spend Matters

MAY 20, 2025

What is your budget? To find the right match, you should start with some preliminary questions to get the ball rolling: Are you a small to medium enterprise (SME), mid or large organization? Will the new solution need to integrate with any of your current tools or platforms? What coverage area would you like your solution to support?

Contract 73

Contract Agile and Lean Supply Chain Sourcing Suppliers 73

SCMDOJO

APRIL 26, 2023

Category Management as a Strategic Procurement Function Category management is regarded as a strategic procurement function as it helps drive value for the organization, such as reduced prices and costs, supply chain risks and timescales and focusing on building supplier relationships.

Category management 105

Category management Management Supplier relationship management supply chain software solutions 105