Procurement Tactics

APRIL 6, 2023

Additionally, you will know how to analyze your supply chain activities, especially sustainable procurement for you to achieve sustainability. It also aims to have a positive impact on the environment and communities around its operations, especially procurement activities. CERTIFICATE COURSES Related courses about this subject 1.

Supply chain analysis 226

Supply chain analysis Sustainability Supply Chain Efficiency Supply Chain Optimization 226

Finale Inventory

AUGUST 4, 2024

Raw material storage is a vital aspect of any business, especially in the rapidly changing world of ecommerce. With the right strategies in place, companies can ensure that their raw materials are protected and efficiently managed, leading to improved productivity, reduced costs, and ultimately, greater customer satisfaction.

Raw materials 52

Raw materials Strategy Real-time Visibility Inventory 52

Spend Matters

OCTOBER 31, 2024

In this series of articles, we explain what these vendors offer, why they are likely to become future members of our “50 Procurement Providers to Watch” and “50 Procurement Providers to Know” lists and what challenges they may face. Get to know all the procurement tech providers that made our lists this year.

Buyers 117

Buyers Raw materials Networking Suppliers 117

Finale Inventory

JUNE 21, 2024

Raw materials play a crucial role in the field of ecommerce. This article aims to provide a comprehensive understanding of raw materials, including their definitions, formulas, types, and importance in the ecommerce industry. Raw materials play a fundamental role in the supply chain of ecommerce businesses.

Raw materials 52

Raw materials Import Supply Chain Efficiency Inventory 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

Procurement Tactics

APRIL 13, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Environment — Embracing Sustainability Sustainable environment is closely linked to the health of each life form living on this planet. However, how do you do this?

Sustainability 195

Sustainability Raw materials Procurement strategies Negotiation 195

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. In short, AI is making manufacturing procurement faster, smarter and more resilient than ever.

Real-time Visibility 72

Real-time Visibility Procurement e2e Supply Chain Efficiency 72

ProcurePort

JANUARY 13, 2022

Do companies follow the same procure-to-pay procurement steps used in direct spending when making in-house related purchases? They follow similar procure-to-pay procurement life cycle steps as when buying raw materials for fabrication of goods for sale. The answer is yes. Let’s find out. Let’s find out.

Raw materials 130

Raw materials Procurement Purchasing 130

ProcurePort

APRIL 1, 2021

What is procure-to-pay (P2P) and how does it affect your procurement campaigns? What is the role of a procure-to-pay portal in the P2P cycle? The post The Complete Procure-to-Pay Cycle appeared first on ProcurePort Blog.

Raw materials 130

Raw materials Procurement Purchasing Sourcing 130

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

Procurement Tactics

JANUARY 8, 2023

33 Procurement Interview Questions in 2023. Sustainable Procurement Analysis — The Ultimate Guide. Procurement analysis is used to collect and analyze data for businesses to gain insights and make informed decisions. In this article, we will discuss what sustainable procurement analysis is. Download Whitepaper →. .

Sustainability 207

Sustainability Procurement Agile and Lean Supply Chain Supply Chain Optimization 207

Finale Inventory

JUNE 21, 2024

Raw materials play a crucial role in the field of ecommerce. This article aims to provide a comprehensive understanding of raw materials, including their definitions, formulas, types, and importance in the ecommerce industry. Raw materials play a fundamental role in the supply chain of ecommerce businesses.

Raw materials 52

Raw materials Import Supply Chain Efficiency Supply Chain Optimization 52

Finale Inventory

AUGUST 4, 2024

One important aspect of inventory management is tracking raw materials. Raw materials are the foundation of your products, and accurately tracking them in your inventory system is vital for maintaining optimal production levels and meeting customer demands. Monitoring these materials is important for several reasons.

Raw materials 52

Raw materials Inventory Real-time Visibility Strategy 52

ivalua

MAY 6, 2020

The key to Zara’s ability to establish an agile Supply Chain rests on the following unique approaches: Procurement Methodology: Zara’s Procurement team doesn’t work on the number of finished clothes but on the quantity of raw materials needed to manufacture the clothes. Zara’s Supply Chain Approach.

Agile and Lean Supply Chain 37

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 37

Procurement Tactics

MARCH 22, 2023

Raw Materials Costs Iron ore, limestone, and coal are the main raw materials used for making HRC steel. Any increase in these materials’ prices will directly affect the cost stability of HRC steel prices. The post HRC Steel Prices – Historical Graph [Realtime Updates] appeared first on Procurement Tactics.

Price 174

Price Raw materials Demand Export 174

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

Spend Matters

NOVEMBER 14, 2024

People — The development of SRM skills for procurement and supply chain professionals, without which SRM can’t happen. By forgetting that the R in SRM stands for relationship, Supplier Management organizations are often missing value generated from partnerships with strategic suppliers beyond the traditional remit of procurement savings.”

Suppliers 117

Suppliers Raw materials Collaboration Management 117

Procurement Tactics

NOVEMBER 8, 2022

33 Procurement Interview Questions in 2022. It focuses on optimizing processes from raw materials to the final products. Plus, it changes how businesses outsource their raw materials, which can now be done online. It dictates the raw materials you will need to procure, as well as the level of production.

supply chain budgeting 182

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization supply chain software solutions 182

Supply Chain Dive

MARCH 8, 2024

Executives' 2024 priorities make sense given geopolitical tensions and the rising costs of raw materials and other inputs, said Boston Consulting Group's Paul Goydan.

Raw materials 136

Raw materials Supply chain Procurement Supply 136

Procurement Heads

NOVEMBER 15, 2022

For Procurement Heads ‘ latest CPO Spotlight, he spoke with Rupert Gaster about the various categories he has managed during his extensive career and how he and his team have shown procurement’s worth to the business during one of its busiest ever periods. Unlike some people, my career in procurement started by pure luck.

Raw materials 246

Raw materials Buyers Price Procurement 246

Procurement Insights

DECEMBER 20, 2024

The best option depends on your organization’s priorities, procurement maturity, and pain points. ZIP Strengths in Implementation and Payback: Quick Setup: Designed for fast deployment , especially in environments where procurement workflows are manual or fragmented. declining raw material prices). No; fully manual.

supply chain budgeting 58

supply chain budgeting Procurement Raw materials Supplier negotiation 58

TYA Suite

MAY 13, 2025

This is where operational procurement proves its true value. But what exactly does procurement operations mean, and why is it so important? In this blog, well explore the true meaning of operational procurement, how it supports core business functions, and the impact it can have on overall performance.

Procurement 40

Procurement supply chain budgeting Supply Chain Efficiency Raw materials 40

Procurement Heads

JUNE 26, 2023

Procurement Heads’ Head of Industrial Practice Dan Goodson explores the obstacles encountered in these sectors and the scarcity of qualified candidates following the recruitment boom. Organisations in the industrial sectors find themselves vying for the same pool of qualified candidates to address their procurement needs.

Raw materials 130

Raw materials Procurement Category management Procurement strategies 130

Procurement Templates

JUNE 18, 2023

It can be due to factors such as rising wages, higher raw material prices, or increased taxes. Money buys less than before How should procurement manage inflation? ChatGPT Procurement departments can take several steps to manage inflation effectively.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Procurement Tactics

JUNE 28, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Commodity Trading — Everything You Should Know Commodity trading plays a vital role in the way of how our lives work and how the economy functions. Commodities are typically categorized into four categories: 1.

Raw materials 178

Raw materials Supply Chain Efficiency Price Market analysis 178

Arkestro

MAY 2, 2025

Resources / Infographics / Understanding Tiered Automotive Suppliers (And How Predictive Procurement Can Help) Understanding Tiered Automotive Suppliers (And How Predictive Procurement Can Help) Original Equipment Manufacturer (OEM) The name brands we know and love such as GM, Ford, Volkswagen, etc.

Suppliers 52

Suppliers Raw materials Procurement Ethics 52

TYA Suite

MAY 13, 2025

Is your procurement process draining your budget? In many organizations, procurement is one of the largest areas of spendingbut its also where hidden savings often go unnoticed. This is why procurement cost reduction is not just an option; its a necessity. Why is Cost Reduction necessary in Procurement? The result?

Strategy 40

Strategy Import Procurement Raw materials 40

Procurement Templates

AUGUST 28, 2024

The global supply chain in 2024 faces a myriad of challenges that continue to disrupt procurement processes across industries. The interplay of economic, geopolitical, environmental, and technological factors has created a volatile environment, compelling organizations to rethink their procurement strategies.

Supply Chain Efficiency 130

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

ivalua

JANUARY 29, 2020

No organisation does everything itself, and whether we’re looking at buying raw materials, components, innovative technology, or sourcing the best in marketing or professional services, the whole process of engaging and working with suppliers must reflect this need for speed and agility. .

Collaboration 164

Collaboration Innovation Agile and Lean Supply Chain Procurement 164

Procurement Tactics

SEPTEMBER 13, 2022

33 Procurement Interview Questions in 2022. From raw materials sourcing to production, storage, and delivery, it monitors if these processes may cause harm to the environment and communities. . My name is Marijn Overvest, I'm the founder of Procurement Tactics. First Name. Download Free Whitepaper ?.

Supply Chain Efficiency 183

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain Sustainability 183

Procurement Insights

APRIL 27, 2025

Using the 4-Model RAM assessment framework, what are the top five procurement and supply chain issues the following industries face in 2025: Finance, Energy and Utilities, Pharmaceuticals, Food and Beverage, and Automotive?

Supply chain resilience 52

Supply chain resilience Supply chain Raw materials Procurement 52

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 Supply Chain Network Design — Everything About Supply Chain Supply chain network design helps businesses to mitigate disruptions by configuring the supply chain. However, what is it?

Supply Chain Optimization 211

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency supply chain software solutions 211

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 […].

Purchasing 130

Purchasing Raw materials Procurement team Sourcing 130

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

NOVEMBER 14, 2022

33 Procurement Interview Questions in 2022. There are various discrete elements of a supply chain which include procurement, order management, inventory management, warehousing, carrier partnerships, and more. . Download Free Whitepaper ?. ?. Or receive our famous weekly newsletter. Retail Supply Chain — Everything You Should Know.

Retail Supply Chain 190

Retail Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 190

Planergy

MAY 8, 2025

4][5] Supplier Portals Enhance Collaboration: Digital supplier portals are now in use across 35% of procurement platforms. 4][5] Supplier Portals Enhance Collaboration: Digital supplier portals are now in use across 35% of procurement platforms.

Strategy 52

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

Skill Dynamics

APRIL 24, 2025

When you look behind the scenes of a global business operation, procurement strategy and supply chain management are usually top priorities, though theyre not always working in sync. This blog explores procurement vs supply chain strategy and looks at how aligning the two leads to operational excellence. It doesnt have to be that way.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52