Procurement Tactics

OCTOBER 13, 2022

Strategic Sourcing Manager — The Ultimate Guide. A strategic sourcing manager is a key person in ensuring that the strategic process is effective and efficient. However, not many people know their real role in procurement. . In this article, we will discuss what a strategic sourcing manager is.

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Strategic sourcing Strategic sourcing Sourcing Management 200

Spend Matters

APRIL 10, 2025

Supply chains are more complex than ever, stakeholder expectations are soaring and the sheer volume of data that procurement teams must sift through is overwhelming. For years, procurement teams have been expected to do more with less while working with the same (or even fewer) resources.

Supply Chain Efficiency 106

Supply Chain Efficiency Procurement Supply Chain Optimization Procurement team 106

Spend Matters

APRIL 17, 2025

Level 2: The smart optimizations Medium-effort AI for deeper insights Once the basics are in place, procurement teams can move up the AI ladder to more sophisticated use cases. From there, procurement teams can gradually scale up to more complex applications that drive deeper insights and business transformation.

Strategy 98

Strategy Real-time Visibility Procurement Procurement team 98

Procurement Tactics

SEPTEMBER 6, 2022

33 Procurement Interview Questions in 2022. Managing A Procurement Team – Definitive Guide. Managing a procurement team is difficult. You have this new wave of procurement professionals coming your way with different ideals and perspectives due to the generation gap. First Name. Download Free Whitepaper ?.

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Procurement team Management Procurement Innovation 130

Jaggaer

FEBRUARY 5, 2025

Complete Source to Pay cycle and Strategic Sourcing Guide An optimized Source-to-Pay (S2P) process helps businesses enhance procurement efficiency, reduce costs, and improve supplier collaboration. What is Source-to-Pay?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Real-time Visibility 52

Spend Matters

JANUARY 8, 2025

This Spend Matters Vendor Analysis provides an overview of Zip and its solution for intake, orchestration and source to pay (S2P). As procurement becomes increasingly strategic and digital, intake and orchestration processes require intricate coordination across various departments, tools and data sources.

Market analysis 113

Market analysis Procurement team Sourcing Buyers 113

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. Supply disruptions , inflation, geopolitical tensions and regulatory demands are forcing companies to revisit sourcing decisions more often.

Category management 95

Category management Spend management Management Sourcing 95

ivalua

OCTOBER 25, 2022

Nearly a third (32%) of procurement teams concede to cutting corn ers with their sourcing criteria for suppliers to secure supply. 81% of procurement teams feel pressured by executive teams to respond more quickly and effectively to challenges such as inflation, disruptions, and shortages.

Procurement team 130

Procurement team Supply Chain Efficiency supply chain software solutions Procurement 130

Spend Matters

NOVEMBER 5, 2024

Ongoing training is important for procurement teams to keep up with the constantly evolving and advancing procurement tech and services landscape, specifically in niche areas such as category management, supplier management, negotiation and strategic sourcing and in the broader areas of change management and leadership.

Procurement 113

Procurement Competitive analysis Strategic sourcing Strategic sourcing 113

Jaggaer

FEBRUARY 5, 2025

Strategic Sourcing Simplified: Best Practices for Maximizing Value Strategic sourcing goes beyond cost savings its about making informed decisions that drive long-term value. Now well dive into best practices in these critical areas to ensure a more effective and resilient sourcing strategy.

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Strategic sourcing Strategic sourcing Sourcing Strategy 52

Spend Matters

DECEMBER 23, 2024

By automating routine tasks, procurement teams can focus on strategic initiatives, which appeals to CFOs and finance teams. The need for resilient supply chains is also a key factor driving procurement digitalization. Customers want to quickly adjust sourcing strategies and build agility into their supply chains.

Procurement 123

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

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. , The change is more of a mental process than learning to press certain buttons, he says.

Influencing 105

Influencing Procurement supply chain budgeting e2e 105

Spend Matters

APRIL 23, 2025

We continue our Procurement Transformation Guide by hearing from Sammy Rashed, a productivity advisor and procurement strategist. Their hands-on experience ensures that everything described here comes directly from people in the trenches procurement professionals facing these challenges daily.

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Procurement team Procurement Data Sourcing 73

Procurement Templates

MARCH 3, 2024

I asked my assistant to help me mock up a strategic sourcing framework and she did a fairly good job but made a few mistakes. By the way, when doing sourcing preparations it doesn’t mean that you can’t work on multiple parts at once and go back and forth before the tender is issued but there is a typical order.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

SCMDOJO

OCTOBER 28, 2024

Procurement professionals can contribute significantly to the S&OP process by providing valuable insights into supply chain dynamics, identifying potential risks, and optimizing sourcing strategies. For example, below are 5 reasons why procurement folks should attend S&OP Reviews.

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Procurement Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 95

Procurement Freelancers

JULY 4, 2024

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. Imagine that your school requires a large project purchase.

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Procurement team Procurement Purchasing Supply chain 96

ivalua

MAY 31, 2022

A company’s supply chain is a key source of competitive advantage and Supply Chain Management (SCM) is designed to allow a company to monitor its suppliers and utilize the available resources to improve performance. But most sourcing and procurement teams need to pivot and modify the way they handle SCM decisions.

Suppliers 246

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

Jaggaer

FEBRUARY 5, 2025

The Power of Source-to-Pay Digital Transformation To put it briefly, source-to-pay refers to the entire process that starts with finding, negotiating with, and contracting the suppliers of materials, goods and services, and culminates in the final payment for those items. Who Should Prioritize an S2P Digital Transformation?

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

ivalua

JANUARY 8, 2023

For procurement organizations, the German Supply Chain Act presents both challenges and opportunities. The new set of regulations add an additional layer of compliance and risk management to the procurement process. In closing, the German Supply Chain Act is a major development for procurement and supply chains in Germany.

supply chain software solutions 244

supply chain software solutions Supply Chain Efficiency Supply chain Procurement 244

Jaggaer

FEBRUARY 5, 2025

Strategic Sourcing Success: Best Practices and Key Strategies Of course, there are many definition s of source-to-pay but put simply, strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. How Has Strategic Sourcing Evolved?

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Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

Procurement Leaders

NOVEMBER 21, 2023

.” Procurement Leaders community advisor, Tim Burt, caught up with Colombo to discuss the importance of responsible sourcing, the central importance of procurement performance to support dsm firmenich’s growth journey, and why he still sees the function as the proving ground for top talent.

Sourcing 130

Sourcing Chief Procurement Officer Sustainability Procurement 130

Spend Matters

MAY 13, 2025

Yet within many procurement functions, a fundamental question persists: Are we truly prepared to lead in this AI-powered future? To address this shift, ProcureAbility has partnered with dSilo.AI to co-author our latest Insights whitepaper, The Future of AI in Procurement.

Real-time Visibility 68

Real-time Visibility Procurement Procurement team Strategic sourcing 68

Procurement Templates

DECEMBER 11, 2024

Here are some typical procurement objectives that every procurement professional should consider. Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Implement category management to gain deeper market expertise and create tailored sourcing strategies.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

ivalua

MARCH 9, 2023

A comprehensive Source-to-Pay platform is a critical component of an organization’s IT environment. It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. What is Source-to-Pay?

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

Procurement Insights

MARCH 6, 2025

To better understand the pros and cons of a GenerativeAI Gartner Magic Quadrant Mock-up, you must first understand the pros and cons of the original source, e.g., quantifying how far the AI apple actually falls from its tree or original source. Its a time-saver for procurement teams or C-level execs needing a starting point.

Sourcing 52

Sourcing supply chain software solutions Supply Chain Efficiency Real-time Visibility 52

Procurement Leaders

JUNE 20, 2023

As such, we tend to see the maturity of categories evolve as the business gradually realises the value of strategic sourcing. Evolving category maturity in procurement First, directs and commodified markets are subject to greater oversight and control. This often occurs in a (relatively) consistent order.

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Procurement team Procurement Influencing Buyers 147

Spend Matters

MAY 1, 2025

Key steps for e-procurement transformation Step 1: Strengthening procurement processes before automation Automation is only as effective as the processes it supports. Many organizations attempt to digitize broken procurement workflows, which only accelerates inefficiencies.

Real-time Visibility 76

Real-time Visibility supply chain budgeting Procurement Supply Chain Optimization 76

ivalua

FEBRUARY 8, 2023

Procurement teams are now expected to manage a lot of moving parts — from supplier relations to spend, risk, compliance, contractual obligations, contingency plans and more — and a lack of visibility inhibits their ability to do any of that effectively. Work to achieve 100% supply chain visibility. Why is visibility so important?

Supply chain resilience 242

Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

ivalua

APRIL 17, 2023

Ivalua Spend Management Insights [ivory-search] Source Wisely: Your Top 3 Public Procurement Software Essentials April 17, 2023 | | Public Sector by Jarrod McAdoo Today, state and local governments are tackling top priorities such as legacy modernization, cybersecurity, and cloud computing.

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Sourcing Procurement Leadership Suppliers 130

Spend Matters

MARCH 11, 2024

In this Spend Matters Vendor Analysis we provide an overview of VORTAL and its source-to-pay (S2P) solution. Procurement organizations increasingly demand efficient and streamlined processes. It is exactly the kind of challenge that VORTAL addresses. This content is for members only. Visit the site and log in/register to read.

Procurement solutions 120

Procurement solutions Sourcing Procurement Market analysis 120

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.

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Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

Spend Matters

APRIL 16, 2025

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.

Procurement 102

Procurement Real-time Visibility supply chain software solutions Supply Chain Efficiency 102

Spend Matters

FEBRUARY 26, 2024

This is the first in a three-part series that covers Fairmarkit’s sourcing offerings. Procurement teams commonly follow this principle to prioritize activities and define focus areas to maximize return on investment. This is a mistake that can have massive consequences and exactly the issue Fairmarkit addresses.

Market analysis 122

Market analysis Sourcing Spend management Purchasing 122

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.

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Procurement Procurement team Purchasing Management 254

Procurement Leaders

MAY 13, 2024

Faced with a growing number of enquiries from the business concerning supplier innovation, the procurement team needed a fresh approach to identifying partners that could support the business’s net-zero plan, in addition to harnessing their innovation potential while complying with strict procurement rules and regulations.

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Innovation Sourcing Buyers Suppliers 130

Jaggaer

MARCH 24, 2025

Top 3 Procurement Technologies to Embrace in 2025 Staying ahead of key procurement technology and advancements is essential for CPOs who want to improve spend cost reduction, drive strategic value, and navigate the increasingly complex procurement landscape.

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