ProcurePort

SEPTEMBER 27, 2023

In today’s fast-paced business landscape, procurement plays a pivotal role in an organization’s success. Efficient procurement processes can lead to substantial cost savings, improved supplier relationships, and enhanced overall competitiveness.

Sourcing 130

Sourcing Procurement Suppliers 130

Procurement Freelancers

MARCH 9, 2024

Are you prepared to handle the sourcing industry’s fast-changing landscape? In the current unstable economy,… The post Future Sourcing and Procurement Trends Prediction by Sourcing Consultants first appeared on Procurement Blog | Procurement & Supply Chain News.

Sourcing 58

Sourcing Procurement Supply chain Supply 58

ProcurePort

JULY 20, 2022

• Strategic sourcing in any organization means the development of a methodology of gathering and using the information in a manner that leverages the purchasing power of an organization to maximize value in procurement. What this means is that strategic sourcing needs to be well thought out.

Strategic sourcing 241

Strategic sourcing Strategic sourcing Sourcing Import 241

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

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 Freelancers

OCTOBER 21, 2023

Are you tired of overspending on sourcing and procurement? In this article,… The post Cost Reduction Strategies in Sourcing and Procurement first appeared on Procurement Blog | Procurement & Supply Chain News. Look no further!

Sourcing 89

Sourcing Strategy Procurement Supply chain 89

ProcurePort

NOVEMBER 24, 2020

A lot of people often use the terms procurement and sourcing interchangeably. Procurement is best described as the business of obtaining the raw materials needed by a company. Sourcing, on the other hand, is the operational process concerned with finding and vetting all […]. The post What is Sourcing?

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Sourcing Raw materials Procurement Strategic sourcing 165

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

Spend Matters

MARCH 14, 2024

Artificial intelligence (AI) comes in many forms (for a complete history of AI in procurement see our recently published autogmentation series) and despite being a consistent ‘hot topic’ for well over a decade now, continues to grow and evolve each year in the procurement industry. Visit the site and log in/register to read.

Sourcing 101

Sourcing Risk management Procurement Risk 101

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?

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Sourcing Ethics Sustainability Supply chain 193

ProcurePort

JUNE 23, 2021

How has technology impacted procurement and sourcing in the supply chain? Technology has revolutionized every industry and procurement is no exception. With increasing pressure to mitigate spend and streamline processes, Chief Procurement Officers have turned to digital sourcing and digital solutions for help.

Sourcing 130

Sourcing Chief Procurement Officer Procurement Supply chain 130

ProcurePort

JULY 13, 2022

Companies cannot limit themselves to only sourcing from one supplier or market when value opportunities abound elsewhere. The post Global Procurement Services and Strategic Sourcing – ProcurePort appeared first on ProcurePort Blog. Global trade has led to complications in supply chains and despite the evolution […].

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Agile and Lean Supply Chain 130

Procurement Freelancers

OCTOBER 9, 2023

Buying materials and supplies is among the most important things that a business must undertake… The post Streamlining Procurement Processes: Sourcing Consultants' Expertise first appeared on Procurement Blog | Procurement & Supply Chain News.

Sourcing 83

Sourcing Procurement Supply chain Import 83

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 103

Procurement solutions Sourcing Procurement Market analysis 103

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

Procurement Freelancers

SEPTEMBER 23, 2023

With companies becoming more competitive today, it’s important to improve sourcing and procurement processes. Increased… The post Streamline Your Sourcing and Procurement for Success. first appeared on Procurement Blog | Procurement & Supply Chain News.

Sourcing 75

Sourcing Procurement Supply chain Import 75

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 102

Sourcing Strategy Supply Chain Efficiency e2e 102

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

ProcurePort

MAY 10, 2023

• Improved Cost Efficiency: Strategic sourcing software enables businesses to analyze and optimize their procurement processes, resulting in significant cost reductions and improved supplier negotiation outcomes.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supplier negotiation 130

Procurement Freelancers

NOVEMBER 5, 2023

… The post 5 Key Challenges in Sourcing & How to Manage Them with Procurement first appeared on Procurement Blog | Procurement & Supply Chain News. Amid growing uncertainty, business organisations need to prepare accordingly to adapt to the new normal.…

Sourcing 94

Sourcing Procurement Management Supply chain 94

ProcurePort

JUNE 10, 2020

A source to pay process, or S2P, is a more comprehensive and robust version of a procure-to-pay process. The post What is a Source to Pay Process? Your Procurement Guide appeared first on ProcurePort Blog. Rather than beginning with departmental […]. Rather than beginning with departmental […].

Sourcing 179

Sourcing Procurement 179

ProcurePort

DECEMBER 23, 2020

Source to settle and procure to pay are two processes that allow enterprises to do just this. The term source to pay process is also used to encompass this entire process. The post Source to Settle vs Procure to Pay appeared first on ProcurePort Blog. However, have you ever wondered what the […].

Sourcing 130

Sourcing Procurement Spend management Management 130

ProcurePort

JULY 22, 2020

What is strategic sourcing? According to businessdictionary.com strategic sourcing is defined as “A method of managing procurement processes for an organization in which the procedures, methods, and sources are constantly re-evaluated to optimize value to the organization.” The post What is Strategic Sourcing?

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Procurement 130

ProcurePort

JUNE 16, 2021

Procurement teams are always on the lookout for ways to reduce source-to-pay timeframes, maximize value, mitigate sourcing risk, and efficiently manage to spend. The post How to Improve Your Procurement with Category Profile Sourcing appeared first on ProcurePort Blog.

Sourcing 130

Sourcing Procurement Procurement team Risk 130

ProcurePort

AUGUST 5, 2021

What is the difference between procure-to-pay vs source-to-pay? As procurement systems and processes gradually take on more technological aspects new terms emerge. One such term is source-to-pay (S2P) which has its roots in procure-to-pay. The post Source-to-Pay vs. Procure-to-Pay.

Sourcing 130

Sourcing Procurement Procurement team 130

ProcurePort

JANUARY 29, 2020

In the same vein, the era of manual sourcing is eclipsing, while automated procurement solutions are evolving as a result of digital transformation. With the help of strategic sourcing solutions, businesses can maintain better relationships with strategic business partners, […].

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Procurement 130

ProcurePort

FEBRUARY 11, 2021

The post AI is Changing Sourcing and Procurement appeared first on ProcurePort Blog. In other words, the era of the internet and the computer brought an abundance of change to the technological landscape; and the same is happening again with […].

Sourcing 130

Sourcing Procurement 130

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

ivalua

AUGUST 12, 2021

The post Consero: Procurement & Strategic Sourcing Forum appeared first on Ivalua.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Procurement 130

ivalua

JUNE 26, 2023

Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change.

Supply Chain Efficiency 244

Supply Chain Efficiency Strategic sourcing Strategic sourcing Procurement 244

Art of Procurement

MARCH 10, 2024

The post Art of Procurement Launches SpendPros, Expert-guided Category and Sourcing Enablement appeared first on Art of Procurement. “If our experts succeed, if the processes we build succeed, it will train the client’s team in what best in.

Sourcing 52

Sourcing Procurement Category management Management 52

ivalua

JANUARY 18, 2022

Redwood City, CA January 18, 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions , and Optis Consulting , a trusted implementation partner, today announced that Parkland Corporation has deployed Ivalua’s Source-to-Pay suite. We are excited to celebrate our deployment of another leading brand in Canada.

Procurement solutions 130

Procurement solutions Sourcing Procurement Spend management 130

ProcurePort

MAY 11, 2022

• The role of the procurement department in businesses today exceeds just finding the lowest possible price for items the organization needs. The global nature of business today is such that a business can source items from anywhere in the world if it makes logistical and business sense.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Management 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

ProcurePort

JUNE 30, 2020

The first is known as sourcing – which is mainly applied to direct goods inventory. The second is procurement, which is more aligned with indirect inventory supplies. Simply put, sourcing is a strategy that is meant for companies who stock […].

Sourcing 130

Sourcing Procurement Inventory Strategy 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. provide source]. Key Elements of a Responsible Sourcing Strategy.

Sourcing 130

Sourcing Ethics Sustainability Suppliers 130