Una

MARCH 6, 2023

9 Innovative Purchasing Concepts for Procurement Implement various innovative purchasing concepts to ditch the old-school way of doing things and bring your procurement function up to speed. Innovative purchasing concepts Getting innovative in purchasing doesn’t necessarily mean leveraging the latest piece of technology.

Innovation 98

Innovation Purchasing Agile and Lean Supply Chain Supplier relationship management 98

Una

MAY 23, 2023

Group Purchasing and Indirect Spend: A Fairy-tale Romance A unique take on the relationship between group purchasing and indirect spend and how the two work together to drive cost savings and value. Once upon a time, in the bustling World of Procurement, there existed a charming knight known as Group Purchasing.

Purchasing 97

Purchasing Supply Chain Efficiency Supply Chain Optimization Procurement 97

Una

MARCH 20, 2024

Wondering If You're Too Big for Group Purchasing? Wondering if you’re too big for group purchasing? Here’s something else that large organizations will never outgrow: the benefits of working with a group purchasing organization (GPO) in certain categories. Wondering If You’re Too Big for Group Purchasing?

Purchasing 52

Purchasing Procurement team Supplier negotiation Negotiation 52

Una

JANUARY 4, 2023

The Basics of Group Purchasing. Discover the basics of group purchasing and the benefits of working with a group purchasing organization to develop a comprehensive procurement strategy. The basics of group purchasing. Benefits of working with a group purchasing organization. By Mackenzie Oakley | January 5, 2023.

Purchasing 92

Purchasing supply chain budgeting Procurement strategies Contract 92

Una

MAY 25, 2023

Managing Procurement Risk with a Group Purchasing Organization Explore how a group purchasing organization can be an effective solution for managing procurement risk and improving overall procurement processes. By Hugo Britt | May 25, 2023 Search Things were looking so bright at the beginning of the year.

Purchasing 96

Purchasing Risk Management Procurement 96

Una

MAY 23, 2023

Group Purchasing and Indirect Spend: A Fairy-tale Romance A unique take on the relationship between group purchasing and indirect spend and how the two work together to drive cost savings and value. Once upon a time, in the bustling World of Procurement, there existed a charming knight known as Group Purchasing.

Purchasing 52

Purchasing Supply Chain Efficiency Supply Chain Optimization Procurement 52

Una

MAY 25, 2023

Managing Procurement Risk with a Group Purchasing Organization Explore how a group purchasing organization can be an effective solution for managing procurement risk and improving overall procurement processes. By Hugo Britt | May 25, 2023 Search Search Things were looking so bright at the beginning of the year.

Purchasing 52

Purchasing Risk Management Procurement 52

The Procuretech Podcast

JULY 11, 2023

In this episode of the Procuretech Podcast, host James Meads is joined by a multiple published author, procurement training business owner and SaaS entrepreneur - Jonathan O'Brien, CEO of Positive Purchasing. If you want to learn more about Jonathan, Positive Purchasing, or Procurement Software, check out the useful links below.

Purchasing 40

Purchasing Category management Procurement supply chain budgeting 40

Planergy

JULY 14, 2023

Download Free Copy P-Cards: What Are Corporate Purchasing Cards and How Do They Work Written by Keith Murphy 18 min read Expense Management Expense Reporting Technology & Software Download PDF IN THIS ARTICLE What Are P-Cards? P-cards, short for purchasing cards, are essentially credit cards for businesses. How Do P-Cards Work?

Purchasing 52

Purchasing Purchase orders Strategic sourcing Strategic sourcing 52

Procurement Tactics

JANUARY 5, 2023

Or receive our famous weekly newsletter. It allows them to have a purchasing experience that provides process improvement and better spend management for the entire organization without leaving their e-procurement system. Approved purchasers from the buying organization can access hosted catalogs as part of the purchasing process.

Buyers 179

Buyers Purchasing Suppliers Procurement 179

Procurement Tactics

NOVEMBER 29, 2022

Or receive our famous weekly newsletter. We will tell you about MRO purchasing and MRO inventory management. As such, it can become a risky purchase as operations personnel may spend more than what the company needs to operate. . What is MRO Purchasing. Thus, your purchases will go to waste. .

Procurement 168

Procurement Inventory Purchasing Procurement strategies 168

Procurement Tactics

NOVEMBER 27, 2022

Or receive our famous weekly newsletter. We will discuss with you what green purchasing is and the challenges facing procurement professionals in green procurement. What is Green Purchasing? Additionally, green purchasing considers the circular economy. Or receive our famous weekly newsletter. However, what is it?

Procurement 191

Procurement Sustainability Purchasing Raw materials 191

Procurement Tactics

MARCH 26, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Open Tendering — Everything You Should Know Open tendering is crucial in the acquisition of goods and services for a company. However, what is it? So without further ado, let us now start!

Bidding 197

Bidding Suppliers Competitive bidding Price 197

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

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. In this stage, you will create a purchase order that will finalize the acquisition of goods and services.

Contract 156

Contract Sourcing Purchase orders Bidding 156

Procurement Tactics

NOVEMBER 23, 2022

Or receive our famous weekly newsletter. When you promise that your business processes are ethical, then you should walk the talk as customers are now wary of how their purchases can affect the environment and society. . Or receive our famous weekly newsletter. 33 Procurement Interview Questions in 2022.

Procurement 206

Procurement Ethics Sustainability Supply Chain Efficiency 206

Procurement Tactics

DECEMBER 6, 2022

Or receive our famous weekly newsletter. It is a set of practices that ensures smart procurement decisions and efficient purchasing. Or receive our famous weekly newsletter. Unclear purchasing policies. Thus, the more you streamline purchasing, the better the chances of avoiding duplication of effort and human error. .

Spend management 172

Spend management Management Real-time Visibility Budget 172

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

Procurement Tactics

NOVEMBER 24, 2022

Or receive our famous weekly newsletter. Consumers are starting to take action through their purchasing decisions and other initiatives to protect the environment. Or receive our famous weekly newsletter. 33 Procurement Interview Questions in 2022. Download Free Whitepaper ?. ?. Responsible Sourcing — Everything You Should Know.

Sourcing 193

Sourcing Ethics Sustainability Supply chain 193

Procurement Tactics

MAY 21, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Acquisition Cost — Everything You Should Know Acquisition cost helps businesses to accurately track the total cost of acquiring an asset. Also, there were taxes associated with the purchase amounting to $9,000.

Negotiation 174

Negotiation Purchasing supply chain budgeting Procurement strategies 174

Procurement Tactics

SEPTEMBER 8, 2022

Or receive our famous weekly newsletter. Some referred to it as MRO purchasing which pertains to maintenance, repair, and operations due to its significance to keep the business running. . You may think that this is the same as tactical purchasing. 33 Procurement Interview Questions in 2022. First Name. Editor's note: Hi there!

Procurement 226

Procurement Purchase orders Purchasing Strategic sourcing 226

Procurement Tactics

MAY 18, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Invoice Approvals — The Ultimate Guide Invoice approvals allow you to only pay for what you purchased, which helps you to avoid overpayment. Invoices without an associated request or purchase order.

Purchase orders 172

Purchase orders Purchasing Negotiation Procurement strategies 172

Procurement Tactics

APRIL 17, 2023

As sustainability is a growing focus in many industries around the world, many businesses are integrating it, especially consumers who are demanding to know where the products they purchase come from. As a result, it future-proofs the company’s sustainable purchases and investments by integrating sustainable policies.

Sustainability 182

Sustainability Suppliers Influencing Purchasing 182

Procurement Tactics

JANUARY 13, 2023

Or receive our famous weekly newsletter. Additionally, procurement can be done through direct purchase, competitive bidding, or tendering process while ensuring that the delivery of supplies is on time. Procurement is usually associated with businesses as companies need to purchase goods or services in order to run their operations. .

Procurement 171

Procurement Chief Procurement Officer Strategic sourcing Strategic sourcing 171

Procurement Tactics

MAY 9, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Invoice Reconciliation — Everything You Should Know Invoice reconciliation can help businesses in fixing issues regarding payments. However, many people view it as a minor task. Tips on Reconciling the Invoice 1.

Purchase orders 182

Purchase orders Negotiation Purchasing Procurement strategies 182

The Thomas Blog

JULY 12, 2022

You might be asking yourself: Should I nurture subscribers with weekly newsletters? Email Newsletters. Many businesses and organizations send email newsletters to stay top of mind for their recipients. Before we get into the nitty-gritty details of creating email newsletters, you will need to determine your goal.

Buyers 134

Buyers Purchasing Strategy Import 134

Procurement Tactics

FEBRUARY 19, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter ChatGPT in Procurement — Revolutionizing the Norm ChatGPT is getting popular not just in procurement but also in various industries as it assists professionals in their everyday work. However, what is it?

Procurement 287

Procurement Market analysis Contract Suppliers 287

Una

FEBRUARY 14, 2023

Shawn is the Founder and CEO of CoverEase, a digital insurance brokerage that is transforming the way businesses shop for and purchase business insurance and group benefits by providing complete transparency to pricing from fifteen of the top insurance carriers in the country.

Risk 130

Risk Purchasing Sourcing Price 130

Una

MARCH 20, 2024

EPISODE 157 Telling a Compelling Procurement Story with Alex Ball By Kelly Barner | March 20, 2024 Marketing requires a combination of data and storytelling to motivate people to take a desired action, whether that is making a purchase, supporting a cause, or providing their email address.

Procurement 69

Procurement Market knowledge Influencing Sourcing 69

Procurement Tactics

JANUARY 12, 2023

Or receive our famous weekly newsletter. A procurement consultant is an individual who has an extensive professional experience in purchasing or procurement. . Or receive our famous weekly newsletter. Procurement success in 2023 with our Strategy Course. Download Course Details →. . However, how is it done?

Procurement 187

Procurement Raw materials Sourcing Suppliers 187

Procurement Tactics

SEPTEMBER 5, 2022

Or receive our famous weekly newsletter. The purchases that arise from these situations are what we call spot buys. . Spot buying is a purchase that is unplanned which is usually considered an emergency cost or a one-time buy. Unique purchases. Almost 40% of an organization’s direct spending consists of spot purchases. .

Purchasing 130

Purchasing Negotiation Procurement team Procurement 130

Procurement Leaders

JANUARY 16, 2024

Dr Robert Suurmond, assistant professor in purchasing and supply chain management at Maastricht University, meanwhile, has been looking into the space for some time. To receive weekly insights from the Procurement Leaders community, sign up to the CPO Crunch newsletter using the link at the top of this page

Innovation 130

Innovation Suppliers Supply chain management Supply chain management 130

Procurement Tactics

DECEMBER 7, 2022

Or receive our famous weekly newsletter. To simplify, it refers to monetary transactions between trading partners for purchasing, manufacturing, and selling goods and services. . Or receive our famous weekly newsletter. In the past, cash management was not considered part of purchasing and physical supply chain management.

Supply Chain Efficiency 181

Supply Chain Efficiency Supply Chain Optimization supply chain software solutions Supply chain 181

Procurement Tactics

APRIL 25, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Procurement Fair Operating Practices Sustainable procurement fair operating practices allow companies to give their employees a safe working environment.

Sustainability 168

Sustainability Procurement Ethics Supply Chain Efficiency 168

Procurement Tactics

JULY 20, 2023

This includes tasks such as creating purchase orders, managing inventory levels, tracking shipments, and reconciling invoices. Supplier order management software, also known as “ purchase order management software” is a digital solution designed to simplify and optimize the supplier order management process.

supply chain software solutions 134

supply chain software solutions Suppliers Management Real-time Visibility 134

Procurement Tactics

JULY 14, 2022

Or receive our famous weekly newsletter. Procurement executives are known as purchasing agents or buyers in some organizations. Purchasing agents are responsible for negotiating and evaluating with the suppliers. Some purchasing agents are required to communicate with the suppliers for timeliness in delivery. First Name.

Procurement 130

Procurement Purchase orders Purchasing Negotiation 130

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. Why is Environmental Sustainability Important?

Sustainability 195

Sustainability Raw materials Procurement strategies Negotiation 195