NLPA (Next Level Purchasing Association)

FEBRUARY 2, 2024

The ever-evolving world of procurement demands agility, efficiency, and a sharp eye for optimization. This article dives into 7 situations where process improvement can revolutionize your procurement team and skyrocket your bottom line. Is your procurement team facing any of these situations? Look no further!

Procurement team 52

Procurement team Procurement Collaboration Risk 52

ProcurePort

JUNE 30, 2021

Is there a cost-effective way to effectively manage a supplier database? Procurement teams are always on the hunt for resources that allow them to streamline the vendor management process. That’s why in the world of e-Procurement, one tool that is exceedingly appreciated is the supplier portal.

Suppliers 147

Suppliers Vendor management Procurement team Procurement 147

ProcurePort

APRIL 5, 2022

· Contemporary supplier and contract database software promise to streamline how procurement teams approach contracts and sourcing. But how do you know if you should invest in supplier and contract database software? The post 5 Signs You Need Supplier and Contract Database Software appeared first on ProcurePort Blog.

Contract 130

Contract Suppliers Procurement team Collaboration 130

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 Supplier Collaboration Software — What You Should Know The use of supplier collaboration software continues to rise as businesses grow and technology advances. However, what is it?

supply chain software solutions 130

supply chain software solutions Collaboration Suppliers Supply Chain Efficiency 130

ivalua

JANUARY 29, 2021

PWC has been publishing the annual procurement survey since 2015, capturing many of the trends in procurement that we now see in organisations, such as the focus on supplier risk management. Therefore, the survey gives a fascinating insight into the impact that the pandemic has had on procurement teams globally. “70%

Suppliers 195

Suppliers Bill of materials Procurement team Risk management 195

Art of Procurement

APRIL 2, 2023

“At the end of the day, procurement is a business enabler. No company can grow without its suppliers. The post [Pod] Architecting and Enabling Amazing Procurement Teams w/ Fadi El Mouallem appeared first on Art of Procurement.

Procurement team 52

Procurement team Procurement Suppliers Category management 52

Procurement Leaders

JUNE 20, 2023

These areas of spend have historically resisted procurement influence. These can comprise of elements of the business that are seen as business critical (such as marketing) or in which stakeholders enjoy long-lasting supplier relationships (such as professional services). Markets are complex and the internal landscape is elaborate.

Procurement team 147

Procurement team Procurement Influencing Buyers 147

Procurement Tactics

JULY 20, 2023

In this article, we will explore what supplier order management software is, its benefits, and some of the best software options available in the market. Defining Supplier Order Management Before diving into the software itself, let’s first understand what is Supplier Order Management.

supply chain software solutions 134

supply chain software solutions Suppliers Management Real-time Visibility 134

Procurement Templates

APRIL 15, 2024

Communicate Vision: Share the vision and objectives with the procurement team and stakeholders to gain buy-in and alignment. Stage 3: Build Relationships Days 21-30 Supplier Engagement: Identify key suppliers and initiate relationship-building activities, including meetings and performance reviews.

Procurement team 130

Procurement team Contract management Innovation Suppliers 130

The Good Spending

MAY 28, 2023

Building a High-Performing Procurement Team While efficient sourcing, negotiation, and supplier management are crucial for organizational success, the strength of the procurement team is equally important. This is where the Belbin Team Role Theory comes into play.

Procurement team 52

Procurement team Procurement Category management Sourcing 52

ivalua

AUGUST 16, 2021

A checklist guide to getting the most out of your supplier risk management program. The wave of globalization has made businesses more reliant upon their suppliers than ever before. This reliance can increase supplier risk or uncover a large source of value and supplier innovation for organizations. .

Risk 130

Risk Suppliers Management Supply Chain Efficiency 130

Procurement Tactics

AUGUST 24, 2022

Supplier Networks — The Ultimate Guide of 2022. Supplier networks are important in the procurement industry to find your preferred supplier. In this article, we will discuss what supplier networks are. After this article, you will have an insight into what supplier networks are. Download Free PDF.

Networking 130

Networking Suppliers Buyers supply chain budgeting 130

ProcurePort

JULY 16, 2020

Developing a book of suppliers and vendors that are trustworthy, reliable, and actively respond to RFPs is a challenge for every procurement team. Enhancing the RFP process can help organizations in building a library of suppliers and vendors that they can turn […].

Suppliers 130

Suppliers Procurement team supply chain software solutions Supply chain 130

Procurement Templates

MARCH 3, 2024

Budget Analysis : Evaluating the available budget and financial resources is crucial to ensure that the procurement activities align with the organization’s financial capabilities. Market Research : Conducting research on available suppliers, products, and market trends is essential for making informed procurement decisions.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

ivalua

FEBRUARY 10, 2023

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. Let’s explore further.

Price 264

Price Strategy Sourcing Real-time Visibility 264

Spend Matters

JANUARY 2, 2024

After the last few tumultuous years, procurement teams are still facing steep challenges in getting ahead of supplier and supply chain risks. Some organizations have opted to invest in new, more robust supplier and third-party risk management (TPRM) systems, while others are optimizing their existing systems.

Risk 79

Risk Suppliers Raw materials Risk management 79

Una

APRIL 13, 2023

Pain Points in Procurement Series Moving Supplier Relationships from Transactional to Strategic Tips for shifting your supplier relationships from transactional to strategic in an effort produce more cost-saving ideas and value. By Hugo Britt | April 13, 2023 Search Welcome to Una’s Pain Points in Procurement series.

Suppliers 98

Suppliers Supplier relationship management Agile and Lean Supply Chain Supply Chain Optimization 98

ProcurePort

SEPTEMBER 20, 2022

• In procurement, the balance of power can shift towards the suppliers for many reasons. First, suppliers can eliminate competition by applying a loss-leadership strategy that drives other companies out of business. • Such circumstances make it important for procurement teams […].

Buyers 246

Buyers Negotiation Purchasing Strategy 246

Procurement Leaders

DECEMBER 9, 2022

Here, CPO Eric Espinasse describes some of the strategies he has employed to manage the market volatility, from building up inventory to advanced segmentation and closer supplier relationships. PL: Could you share a little bit about your procurement team structure, its strengths and the challenges you face at Ferring?

Suppliers 147

Suppliers Bill of materials Raw materials Supplier relationship management 147

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. Further, it is essential that supplier management and data is holistic (i.e.,

supply chain software solutions 244

supply chain software solutions Supply Chain Efficiency Supply chain Procurement 244

Procurement Leaders

MAY 30, 2022

Like an increasing number of companies, property services giant CBRE recognises the value of using procurement to drive social impact through spending with diverse suppliers and social enterprises. However, this posed a challenge for CBRE’s Global Workplace Solutions (GWS) UK procurement team, because of its decentralised nature.

Suppliers 130

Suppliers Influencing Procurement team Procurement 130

Supply Chain Game Changer

AUGUST 5, 2021

What is Supplier Relationship Management (SRM)? The Supplier Management Secret Recipe article and permission to publish here provided by Sam Jenks. Building a secret recipe for smooth supplier management requires a foundation, which you can build upon, experiment with, and eventually make your very own. Subscribe Here!

Suppliers 98

Suppliers Management Supply Chain Efficiency Agile and Lean Supply Chain 98

Supply Chain Dive

MARCH 2, 2023

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.

Supplier negotiation 112

Supplier negotiation Negotiation Procurement team Suppliers 112

HICX

APRIL 15, 2023

By Anthony Payne, Chief Marketing Officer at HICX In an era of digitalisation and data collection, ‘supplier marketing’ is the next logical step for Procurement – segmentation and relevancy will be crucial The task of managing suppliers relies upon building good relationships with them. Read full article

Suppliers 52

Suppliers Procurement team Procurement Data 52

SCMDOJO

OCTOBER 27, 2023

Supplier negotiation is the most critical skill in the world of procurement. Effective supplier negotiations do not limit to the best price but a mutually beneficial agreement from both the parties that can have a profound impact on the company. The following are common types of negotiation in procurement: 1.

Supplier negotiation 88

Supplier negotiation Negotiation Suppliers Supply Chain Efficiency 88

Supply Chain Game Changer

JANUARY 30, 2019

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. Supplier Base Compliance. Success is a product of the work done in the present.

Procurement team 56

Procurement team Procurement Sustainability Suppliers 56

Una

JUNE 8, 2023

What Makes a Supplier Strategic? Explore what makes a supplier strategic, learn why it matters, and how you can get noticed by supplier partners that are critical to your business. What makes a supplier strategic - and why does it matter? The fact is that procurement teams can only do so much.

Suppliers 52

Suppliers Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 52

RPF360

AUGUST 25, 2022

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

Procurement 201

Procurement Procurement team Suppliers 201

ivalua

FEBRUARY 8, 2023

The pandemic saw incredible growth in this area and highlighted opportunities for improvement within procurement processes and procedures. As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier risk management are essential components to maintain stability during crises like these.

Supply chain resilience 242

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

CPO Rising

FEBRUARY 24, 2023

Each list will include a variety of procurement tips, trends, insights, research, lists, strategies, and/or recommendations designed to help procurement teams improve operations. We’ll also include a summary graphic for you to share with your team. Gaining visibility into and control over supplier risk can be […]

Risk 52

Risk Suppliers Procurement team Strategy 52

Procurement Talk with David Byrne

MAY 2, 2023

The procurement consultancy world has its draws, from intense and varied experiences to, … Continued The post Consultancy vs In-House: Making Widespread Impact in Any Procurement Team with Procurement Consultant at Efficio, Daniel Abda – Episode 74 appeared first on Talent Drive.

Procurement team 52

Procurement team Procurement Chief Procurement Officer Collaboration 52

Spend Matters

MAY 17, 2023

Categories: Supplier Risk and Compliance Management Tags: PRO In this Spend Matters PRO Vendor Analysis, we provide an overview of Craft and its solution for supplier intelligence. Every supplier comes with a large variety of necessary information to manage and ways it can increase a buyer’s risk. Read more. )

Suppliers 67

Suppliers Buyers Risk Procurement team 67

ivalua

JUNE 4, 2020

A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supply chain resilience and agility in times of crisis. As the COVID-19 pandemic disrupts global supply chains, procurement organizations around the world are scrambling to react.

Agile and Lean Supply Chain 173

Agile and Lean Supply Chain Supply chain resilience Supply Chain Efficiency Supply chain 173

ProcurePort

AUGUST 31, 2023

Reverse auctions, a procurement strategy where suppliers compete to win business by lowering their prices, have become increasingly popular with Procurement Teams for saving […] The post Expert Advice – Selecting the Right Reverse Auction Software appeared first on ProcurePort Blog.

Bidding 130

Bidding Procurement team Procurement strategies Price 130

Procurement Software

OCTOBER 3, 2023

The topic of supplier consolidation is a popular one, especially across indirect procurement spend. Furthermore, the vast majority of P2P issues and day-to-day firefighting usually comes from this long tail of non-core, non-strategic suppliers. It’s rarely strategic suppliers who cause procure-to-pay pain.

Supplier consolidation 59

Supplier consolidation Suppliers Procurement Category management 59

ProcurePort

AUGUST 31, 2021

With the increasing adoption of technology in procurement, many Chief Procurement Officers (CPOs), accounts payable teams, and suppliers are turning to electronic invoicing as a viable solution to the issue of invoicing in a digital era. Digital transformation is taking center stage as procurement teams look […].

Chief Procurement Officer 245

Chief Procurement Officer Procurement team Procurement Suppliers 245

Procurement Templates

MARCH 6, 2024

So, here’s a breakdown of procurement personalities in the office if they were different fruits for you and your colleagues to debate what fits who! When procurement bear fruit who are you within the fruit basket? Their ability to maintain composure when things get hot makes them an indispensable part of the procurement team.

Procurement 130

Procurement Procurement team Negotiation Innovation 130