NLPA (Next Level Purchasing Association)

FEBRUARY 14, 2024

A well-defined procurement strategy is the key to optimizing your procurement process. This strategy builds strategic partnerships, mitigates risks, and ensures a smooth flow of goods and services. This strategy unlocks benefits like cost reduction, risk management, and strong supplier relationships.

Procurement strategies 52

Procurement strategies Supply Chain Optimization Strategy Procurement 52

IBM Supply Chain Blog

DECEMBER 13, 2023

The role of procurement extends beyond transactional activities. A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. What is a procurement strategy?

Procurement strategies 68

Procurement strategies Strategy Procurement Supply Chain Efficiency 68

Una

FEBRUARY 20, 2023

Elements of a Diversified Procurement Strategy A diversified procurement strategy will utilize both traditional and nontraditional methods of sourcing to drive cost savings and value. Remember, maverick spend may be the end result of clunky or difficult procurement processes.

Procurement strategies 98

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 98

ProcurePort

JUNE 29, 2022

• Robust and flexible procurement strategy can help you reduce operational and logistical experiences and equally serve as a competitive advantage. So, it’s advisable to put considerable time into designing a procurement strategy […]. . •

Strategy 130

Strategy Sourcing Procurement Procurement strategies 130

Procurement Tactics

MARCH 16, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Strategic Procurement — Everything You Should Know Strategic procurement allows businesses to meet the demand of the current procurement landscape by making sense of the data and automating the procurement process.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

Una

JULY 19, 2022

3 Reasons to Develop a Comprehensive Procurement Strategy. Because of this, it isn’t necessarily wise to approach procurement with a one-size-fits-all mentality. Benefits of building a comprehensive procurement strategy. Minimize costs and reduce sourcing errors. By Mackenzie Oakley | July 19, 2022.

Procurement strategies 98

Procurement strategies Strategy Procurement Supplier relationship management 98

Spend Matters

MARCH 11, 2024

At Spend Matters, it’s as important for us to get to know the requirements and opinions of the procurement community of practitioners as it is for us to understand the world of tech solutions and their providers. So it was good to see a nice mix of both presenting at Procurement Strategies and Innovation (PSI) last week.

Procurement strategies 89

Procurement strategies Innovation Strategy Procurement 89

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

ivalua

FEBRUARY 10, 2023

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. 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.

Price 264

Price Strategy Sourcing Real-time Visibility 264

World of Procurement blog

MAY 8, 2024

What is Procurement? Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

IBM Supply Chain Blog

FEBRUARY 28, 2024

Sourcing is getting smarter. To start, many organizations have already pivoted from a tactical to a strategic sourcing mindset—which can make all the difference when it comes to gaining and retaining a competitive advantage. But now, the benefits of strategic sourcing are becoming even more attainable thanks to innovation.

Sourcing 100

Sourcing Strategy Supply Chain Efficiency e2e 100

ivalua

APRIL 9, 2021

8 April, Redwood City, CA – 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 restoring growth. Now is the time to digitalise procurement and use it as a growth driver.

Procurement strategies 130

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 130

Procurement Tactics

OCTOBER 13, 2022

33 Procurement Interview Questions in 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. . Strategic Sourcing Explained. First Name.

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

ivalua

APRIL 8, 2021

8 April, Redwood City, CA – 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 restoring growth. Now is the time to digitalize procurement and use it as a growth driver.

Procurement strategies 130

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 130

Procurement Tactics

JUNE 28, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. What is Procurement Tracking? Procurement Tracking is the process of monitoring and managing procurement activities.

Supply Chain Efficiency 178

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

Procurement Tactics

MARCH 23, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Source-to-Contract — The Ultimate Guide Source-to-contract is an important process in procurement. If you want to know about source-to-contract, then this is for you!

Contract 156

Contract Sourcing Purchase orders Bidding 156

Procurement Tactics

NOVEMBER 24, 2022

33 Procurement Interview Questions in 2022. Responsible Sourcing — Everything You Should Know. Responsible sourcing requires a shift from the traditional way companies source their needs. However, what is responsible sourcing? This article will discuss what responsible sourcing is. However, what is it?

Sourcing 193

Sourcing Ethics Sustainability Supply chain 193

Arkestro

JUNE 20, 2023

Research-backed procurement strategies can help CFOs achieve their goals while minimizing risk exposure across global supply chains. By implementing the right strategies, CFOs can reduce costs while still maintaining high quality standards. With 36% of leaders prioritizing AI implementation in finance [1].

Procurement strategies 52

Procurement strategies Supply Chain Efficiency Strategy supply chain budgeting 52

ProcurePort

APRIL 21, 2021

Source to pay is one of the core processes alongside procure-to-pay that procurement teams rely on to ensure raw materials and required services are available as and when needed. Understanding the S2P life cycle is vitally important as it will assist you in devising a strong procurement strategy, […].

Sourcing 130

Sourcing Raw materials Procurement team Procurement strategies 130

Procurement Tactics

APRIL 17, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Government Procurement — Shifting to Sustainability Sustainable government procurement is the commitment of the government to achieve sustainability in its purchases. However, what is it?

Sustainability 201

Sustainability Procurement Negotiation Bidding 201

NLPA (Next Level Purchasing Association)

AUGUST 23, 2022

Annual strategy reviews are critical to strategic, tactical, and operational management. A Procurement strategy is a game plan or action plan by which a Procurement Function Mandate is implemented. Your organization has a Procurement Strategy, right? Table 1, Supply Chain Strategy data. We got you.

Procurement strategies 52

Procurement strategies Strategy Procurement Supply Chain Efficiency 52

Una

MARCH 23, 2023

Pain Points in Procurement Series Improving Time-to-Source in Procurement Improving time-to-source in procurement can lead to greater customer satisfaction, streamlined sourcing processes, and increased cost savings. Why is procurement slow?

Sourcing 98

Sourcing Procurement Procurement team Contract 98

Supply Chain Dive

MARCH 14, 2024

The company has revamped its procurement strategy to focus on acquiring inventory from distressed and overstocked retailers and brands.

Sourcing 116

Sourcing Procurement strategies Inventory Strategy 116

Procurement Tactics

JANUARY 12, 2023

Procurement success in 2023 with our Strategy Course. Freelance Procurement — Everything You Should Know. Freelance procurement is popular with many companies, especially those who need more help in their procurement process. For this article, we will talk about what freelance procurement is.

Procurement 187

Procurement Raw materials Sourcing Suppliers 187

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 Templates

MARCH 6, 2024

Ok, so we all agree that us procurement people are powerhouses to yield good results, well most of the time! 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?

Procurement 130

Procurement Procurement team Negotiation Innovation 130

ivalua

AUGUST 11, 2021

Responsible sourcing is the incorporation of ethical, sustainable and socially conscious principles into sourcing, procurement and overall supply chain management practices. Responsible sourcing requires a shift in thinking and priorities. This is actually proving to be a profitable strategy for many.

Sourcing 130

Sourcing Ethics Sustainability Suppliers 130

Procurement Tactics

MAY 4, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Challenges in Sustainability Faced by Procurement Teams Adopting sustainability in procurement has many challenges that the procurement team must address to aim for sustainability.

Procurement team 216

Procurement team Sustainability Procurement Negotiation 216

Procurement Tactics

MAY 30, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Procurement Managers — The Ultimate Guide Procurement managers are not easy, but the role is rewarding, interesting, and crucial to the success of a business. What is a Procurement Manager?

Management 178

Management supply chain budgeting Procurement Negotiation 178

Procurement Tactics

APRIL 3, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter How Companies Can Benefit From Sustainable Procurement Many businesses are shifting towards sustainability due to the perceived benefits when applied to the actual processes in procurement and supply chain.

Sustainability 183

Sustainability Procurement Supply Chain Efficiency Procurement strategies 183

Barkers Procurement

MARCH 14, 2023

It’s expensive as well, so it’s essential to at least consider investing in the expertise of an IT procurement consultancy to help you get things right. As well as benefiting from the digital tools the consultant has at their disposal (and which they may place at yours too), the consultancy can lend a major boost to your procurement strategy.

Procurement strategies 59

Procurement strategies Strategy Procurement Suppliers 59

Procurement Tactics

APRIL 5, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Procurement Business Drivers — Embracing Sustainability Sustainable procurement business drivers are the factors why many businesses embrace sustainability within their operations.

Sustainability 187

Sustainability Procurement Supply Chain Efficiency Procurement strategies 187

Zycus Cognitive Procurement

JANUARY 24, 2023

So, the question remains: What are the key challenges and agenda items for procurement leaders in 2023, and how will they adapt to these challenges? Key thought leaders included Jacob Gorm Larsen , Ex-Director of Digital Procurement, Maersk Group; Prof. Now, more than ever before is the time for enterprises to invest in technology.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Procurement Tactics

DECEMBER 5, 2022

33 Procurement Interview Questions in 2022. Manufacturing Sourcing Company in India — The Ultimate Guide of 2023. However, why do companies source in India? In this article, we will talk about what a manufacturing sourcing company is. In this article, we will talk about what a manufacturing sourcing company is.

Sourcing 182

Sourcing Quality Suppliers Price 182

Procurement Tactics

APRIL 11, 2023

In this article, we will discuss first what sustainability in procurement means. We will tackle the common sustainable issues that many businesses are facing in their procurement processes. Once you are done reading this article, you will have a deeper knowledge of the sustainability issues that you may face in procurement.

Sustainability 204

Sustainability Procurement Negotiation Procurement strategies 204

Barkers Procurement

MARCH 14, 2023

It’s expensive as well, so it’s essential to at least consider investing in the expertise of an IT procurement consultancy to help you get things right. As well as benefiting from the digital tools the consultant has at their disposal (and which they may place at yours too), the consultancy can lend a major boost to your procurement strategy.

Procurement strategies 52

Procurement strategies Strategy Procurement Suppliers 52

Procurement Tactics

NOVEMBER 27, 2022

33 Procurement Interview Questions in 2022. Green Procurement — Everything A Procurement Professional Should Know. Green procurement is becoming a thing nowadays. Many companies are now starting to implement green procurement in their operations. In this article, you will learn what green procurement is.

Procurement 191

Procurement Sustainability Purchasing Raw materials 191