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

AUGUST 21, 2023

The Human Factor in Strategic Sourcing How to allow for the human factor in strategic sourcing to drive the success of procurement process optimization and cost efficiency efforts. Strategic sourcing in procurement would be so easy if people weren’t involved! The human factor in strategic sourcing But it’s never that simple.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Ethics 52

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

JANUARY 12, 2023

Or receive our famous weekly newsletter. In procurement, many companies freelance procurement professionals to support or help them optimize their sourcing and procurement processes. A procurement consultant is an individual who has an extensive professional experience in purchasing or procurement. . Sourcing Specialist.

Procurement 187

Procurement Raw materials Sourcing Suppliers 187

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 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

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

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

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

Una

FEBRUARY 14, 2023

In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Shawn Edgington. With so many of a company’s assets and activities being conducted via digital platforms, why isn’t cyber security more frequently included in those conversations?

Risk 130

Risk Purchasing Sourcing Price 130

Una

NOVEMBER 19, 2023

The Definition of a Sourcing Hero | Part Two Past guests from The Sourcing Hero podcast provide the definition of a sourcing hero and give examples of heroism in a business context. The definition of a sourcing hero At the close of every episode, Kelly traditionally asks each guest a question. We are all human.

Sourcing 52

Sourcing Agile and Lean Supply Chain supply chain software solutions Procurement 52

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

Una

AUGUST 15, 2023

Why Local Sourcing Is The Best Way To Build Social License Tips for developing positive relationships with local stakeholders, accessing community resources, and fostering sustainability to build a strong social license. What is local sourcing - and why does it matter?

Sourcing 52

Sourcing Supply Chain Efficiency Ethics Sustainability 52

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

Una

JULY 13, 2023

The Definition of a Sourcing Hero Past guests from The Sourcing Hero podcast provide the definition of a sourcing hero and give examples of heroism in a business context. The definition of a sourcing hero At the close of every episode, it has become a tradition of sorts for Kelly to ask each guest a question.

Sourcing 52

Sourcing Agile and Lean Supply Chain Supply Chain Efficiency Procurement 52

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

APRIL 6, 2023

From sustainable sourcing , production, storage, and delivery, it monitors if these processes may cause harm to the environment and society. However, to start with, you must first analyze your supply chain by starting to create an inventory of products and services you purchase, produce, and sell. How can it be improved?

Supply chain analysis 226

Supply chain analysis Sustainability Supply Chain Efficiency Supply Chain Optimization 226

Procurement Tactics

JANUARY 8, 2023

Or receive our famous weekly newsletter. Spend analysis enables businesses to assess procurement spending data from internal and external data sources. Responsible sourcing – Establishing trust and transparency in the value chain. Or receive our famous weekly newsletter. 33 Procurement Interview Questions in 2023.

Sustainability 207

Sustainability Procurement Agile and Lean Supply Chain Supply Chain Optimization 207

Procurement Tactics

AUGUST 25, 2022

Or receive our famous weekly newsletter. Omid Ghamami is one of the most globally recognized thought leaders in the field of purchasing and sales negotiations. Thereby making him the world’s most sought-after purchasing and supply chain management author, speaker, consultant, and trainer. First Name. Download Free PDF.

Procurement 231

Procurement Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 231

Procurement Tactics

JULY 18, 2022

Or receive our famous weekly newsletter. Difference Between Procurement and Purchasing. Many people use procurement and purchasing synonymously without them knowing that it is different from one another. . The main difference between procurement and purchasing is that procurement is the whole process. Purchasing.

Procurement 130

Procurement Negotiation Vendor relationships Purchasing 130

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 Suppliers Contract 287

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

AUGUST 30, 2022

Or receive our famous weekly newsletter. Electronic procurement or e-procurement is the process of acquiring, ordering, and purchasing goods and services online. . Other key aspects of e-procurement are e-sourcing, e-tendering, e-auctioning, e-ordering, and data analytics. . E-sourcing. First Name. Download Free PDF.

Procurement 130

Procurement Supply Chain Efficiency Purchasing Suppliers 130

Una

OCTOBER 4, 2023

The most successful packaging gets the core product where it needs to go in the right condition, and contributes to the customer experience in a way that it rewards the purchase process. In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Matthew Wright.

Sourcing 75

Sourcing Purchasing Procurement Suppliers 75

Procurement Tactics

JUNE 28, 2023

Purchase Orders Purchase orders are where the monitoring of the creation and approval of purchase orders comes in. Delivery and Logistics The status of goods and services purchased, such as their delivery timelines, transportation times, or receipt is monitored. The key elements are typically: 1.

Supply Chain Efficiency 178

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

Procurement Tactics

NOVEMBER 25, 2022

Or receive our famous weekly newsletter. Or receive our famous weekly newsletter. The government contracting market has traditionally been a reliable source of income for contractors, even during times of economic downturn. 33 Procurement Interview Questions in 2022. Download Free Whitepaper ?. ?. Decreases in U.S.

Raw materials 195

Raw materials Bidding Contract Suppliers 195

Una

APRIL 18, 2023

” In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Mark Trowbridge. Mark is an experienced procurement leader with a broad area of focus including sourcing, supply management, contracts management, supplier relationship management, risk management, and inventory management.

Risk 133

Risk Supplier relationship management Contract management Supply Chain Efficiency 133

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. Create an approved purchasing system or require all purchases be made from a catalog to curb rogue spending.

Procurement strategies 98

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 98

Una

JANUARY 16, 2024

In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Robert Čačković. Robert is a sourcing buyer for Bugatti Rimac, a Croatian company that develops and produces cutting-edge hypercars.

Supply Chain Optimization 80

Supply Chain Optimization Procurement Buyers Sourcing 80

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 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. . The buyer can also source capital from banks or other financial providers at a lower cost or interest. . Or receive our famous weekly newsletter.

Supply Chain Efficiency 181

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

Procurement Tactics

AUGUST 24, 2022

Or receive our famous weekly newsletter. Usually, organizations like supplier networks due to the following reasons: Reduced purchasing cycle times. Simplify the sourcing process. The sourcing process is simplified when the organization and the suppliers can respond to sourcing events on an interactive forum. .

Networking 130

Networking Suppliers Buyers supply chain budgeting 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

Una

JANUARY 10, 2023

In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Dylan McCabe. More from The Sourcing Hero. Subscribe to our Newsletter. When you are starting a new company, it is a challenge to convince customers that they should choose you over their alternatives. Dylan McCabe on LinkedIn. Share on Social.

Collaboration 145

Collaboration Sourcing Import Demand 145

Procurement Tactics

NOVEMBER 14, 2022

Or receive our famous weekly newsletter. A Request for information (RFI) is a method of gathering information from multiple suppliers before the procurement manager starts to source products or services. . Or receive our famous weekly newsletter. 33 Procurement Interview Questions in 2022. Download Free Whitepaper ?. ?.

Bidding 178

Bidding Suppliers Procurement Influencing 178

Procurement Tactics

AUGUST 22, 2022

Or receive our famous weekly newsletter. Tail spend is known in procurement as the amount an organization spends on purchases that make up approximately 80% of transactions but only cover 20% of the total spend. . Tail spend may include anything from maverick spending to misclassified purchases. First Name. Download Free PDF.

Purchasing 130

Purchasing Suppliers Negotiation Procurement 130

Una

MARCH 1, 2023

What is the one thing that robs practitioners (or as we like to call them, Sourcing Heroes), of their powers, hamstringing their ability to drive change, solve challenges, and do good? Anthony believes Sourcing Heroes have enormous potential to collaborate and drive positive change. Numbers don’t lie,” he says.

Raw materials 97

Raw materials Purchasing Procurement Sourcing 97