Procurement Tactics

JUNE 7, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Sustainable Procurement Strategy — Embracing Sustainability Sustainable procurement strategy allows an organization to conduct its procurement processes that support its sustainability goals and objectives.

Procurement strategies 171

Procurement strategies Sustainability Strategy Procurement 171

Una

AUGUST 9, 2022

How to Use Group Purchasing as a Cost Reduction Strategy. At the height of the COVID-19 pandemic, 49% of companies were considering layoffs, while over 33% had frozen new hires as a way to implement some sort of cost reduction strategy in the middle of a global crisis. Industries seeking a new cost reduction strategy.

Purchasing 96

Purchasing Strategy supply chain budgeting Procurement team 96

Positive Purchasing

MARCH 22, 2024

This is a great complementary solution which can be used alongside tools like Capella , our guided category strategy creator®, and Ruby , our guided negotiation plan creator ®. We firmly believe that a successful best-of-breed procurement tech strategy requires a suite of tools.

Purchasing 52

Purchasing Supplier relationship management Procurement team Negotiation 52

ivalua

NOVEMBER 13, 2022

Ivalua, a global leader in spend management , today announced that Tchibo, one of the largest coffee roasters in the world, has chosen Ivalua and its partner Capgemini to digitize Source-to-Contract (S2C) for its indirect purchasing of goods and services. Founded in 1949, the company today has a turnover of €3.2 ivalua.com.

Purchasing 246

Purchasing Contract Sourcing Supplier relationship management 246

Positive Purchasing

APRIL 3, 2024

This includes Procleus – our platform for strategic procurement, Capella – our guided category strategy creator® and Ruby – our guided negotiation plan creator®. The post Positive Purchasing Takes On Learning Technologies 2024! For more information and to book your FREE place please visit the event website here.

Purchasing 52

Purchasing Supplier relationship management Category management Negotiation 52

Procurement Tactics

JUNE 6, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Implementing Sustainable Procurement Strategy — Embracing Sustainability Implementing a sustainable procurement strategy to your procurement process is crucial for you to be successful with your sustainable goals.

Procurement strategies 130

Procurement strategies Sustainability Strategy Procurement 130

SCMDOJO

MARCH 8, 2024

In this blog, we’ll explore some key inventory optimization strategies that can benefit businesses of all sizes and industries. Top 5 Inventory Optimization Strategies Explained Managing inventory efficiently is vital for any business.

Supply Chain Optimization 83

Supply Chain Optimization Supply Chain Efficiency Inventory Strategy 83

ivalua

FEBRUARY 10, 2023

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. In order to stay ahead of inflationary trends, procurement teams need to be proactive and continuously adjust their strategies. Let’s explore further.

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Price Strategy Sourcing Real-time Visibility 264

Positive Purchasing

MARCH 5, 2024

Approach Purchasing and Procurement Strategically, Effectively and Sustainably with Category Management. Category Management in Purchasing will help you source strategically and deliver profitability and new supply-side value effectively with a step-by-step guide to the tools, techniques and application of category management.

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Category management Purchasing Management Sustainability 52

IBM Supply Chain Blog

FEBRUARY 28, 2024

They consider factors—like supplier performance or sustainability —that support long-term partnerships, advance business needs and increase purchasing power. In sourcing strategy, blockchain technology helps track orders, payments, accounts and more. How is sourcing strategy different than procurement strategy?

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Sourcing Strategy Supply Chain Efficiency e2e 102

ProcurePort

FEBRUARY 23, 2022

Category management (purchasing) in procurement refers to the grouping of related spend items together with a view of finding value opportunities. Organizations can categorize items according to any formula that fits their strategy. Categories can be vendors, country of origin, price, volume, or even frequency of purchase.

Category management 130

Category management Purchasing Management Price 130

IBM Supply Chain Blog

MARCH 29, 2024

An effective customer retention strategy should support the company to maintain a healthy stable of loyal customers and bring in new customers. Steps to create an effective customer retention strategy Effective customer retention strategies begin the moment a first-time customer makes a purchase.

Strategy 62

Strategy Purchasing Buyers Import 62

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. This includes implementing aspects of a traditional procurement strategy and adding in some unconventional means to get desirable results.

Procurement strategies 98

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 98

ivalua

NOVEMBER 10, 2021

OMNIA Partners combines the purchasing power of its members to enable better pricing and service levels from suppliers, increasing an organization’s buying power and accelerating the time to savings. OMNIA Partners is the largest and most experienced purchasing organization for public and private sector procurement.

Purchasing 130

Purchasing Spend management Negotiation Sustainability 130

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

DECEMBER 6, 2022

8 No-Brainer Reasons to Join a Group Purchasing Organization. 8 Reasons to join a group purchasing organization. We may be biased, but we’d like to add one more important no-brainer to this list: joining a group purchasing organization (GPO). GPOs help get you aligned with your strategy. By Hugo Britt | December 6, 2022.

Purchasing 98

Purchasing Procurement strategies Suppliers Risk 98

Spend Matters

SEPTEMBER 26, 2023

Forty years ago, the Harvard Business review published Peter Kraljic’s article ‘ Purchasing Must Become Supply Management ,’ which debuted the supplier segmenting method that we now know as the Kraljic matrix. The post Analyst eye on how purchasing must really become supply management appeared first on Spend Matters.

Purchasing 93

Purchasing Supply management Management Supply Chain Efficiency 93

Finale Inventory

APRIL 18, 2024

More on that below… Read more : Replenishment Strategies for FBA: Avoid Amazon’s Low Inventory Fees This crucial component is often overlooked among exciting advertising and merchandising options, but ensuring you have enough inventory to meet that ongoing demand is important not just for sales, but to stay in good graces with Amazon.

Inventory 52

Inventory Real-time Visibility Strategy Demand 52

IBM Supply Chain Blog

DECEMBER 13, 2023

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. A procurement strategy is not merely a series of steps for acquiring goods and services. What is a procurement strategy?

Procurement strategies 70

Procurement strategies Strategy Procurement Supply Chain Efficiency 70

IBM Supply Chain Blog

JANUARY 19, 2024

Disaster recovery strategies provide the framework for team members to get a business back up and running after an unplanned event. Worldwide, the popularity of disaster recovery strategies is understandably increasing. A disaster recovery strategy lays out how your businesses will respond to a number of unplanned incidents.

Strategy 97

Strategy Data Risk Import 97

Positive Purchasing

JULY 10, 2023

Leading procurement and negotiation digital platform and training provider, Positive Purchasing, has attained accreditation for both ISO9001 and ISO27001. Jonathan’s other titles are: Category Management in Purchasing, Supplier Relationship Management, Negotiation for Procurement and Supply Chain Professionals and The Buyer’s Toolkit.

Purchasing 52

Purchasing Supplier relationship management Negotiation Category management 52

Positive Purchasing

FEBRUARY 7, 2024

We are delighted to be sponsoring Procurement Strategies & Innovation (PSI) on 5 March 2024! The post We’re exhibiting at Procurement Strategies and Innovation 2024 appeared first on Positive - Procurement transformation, expert training for improved purchasing and procurement.

Procurement strategies 52

Procurement strategies Innovation Strategy Procurement 52

Positive Purchasing

NOVEMBER 27, 2023

The Public Procurement and Purchasing Innovations Conference is the must-attend event for those steering, developing, and optimizing public services. Public Sector: The Future Starts Here Kick-start 2024 with the year’s largest public sector gathering!

Innovation 64

Innovation Purchasing Procurement Negotiation 64

IBM Supply Chain Blog

DECEMBER 20, 2023

Customer experience strategy (CX strategy) is when organizations optimize customer engagements to create happy customers, drive customer loyalty and help to recruit new customers. Seven hallmarks of a successful customer experience strategy Customer experience requires the right strategy and dedicated actions to drive success.

Strategy 67

Strategy Purchasing Import Price 67

Una

JULY 19, 2022

3 Reasons to Develop a Comprehensive Procurement Strategy. We all know different purchasing scenarios will require us to follow certain processes or have criteria that needs to be met. Benefits of building a comprehensive procurement strategy. Depending on the type of purchase, going through the RFx process may be necessary.

Procurement strategies 98

Procurement strategies Strategy Procurement Supplier relationship management 98

The Thomas Blog

APRIL 12, 2024

Sales leads fall under the execution portion of any successful sales strategy. You can effectively generate high-quality sales leads, increase conversion rates, and drive business growth by incorporating proven strategies and best practices into your strategy. What Is Sales Lead Generation?

Strategy 52

Strategy Real-time Visibility Networking Buyers 52

Positive Purchasing

JUNE 5, 2023

Leading procurement and negotiation digital platform and training provider, Positive Purchasing, has attained accreditation for both ISO9001 and ISO27001. About Positive Purchasing Headquartered in Plymouth, UK and celebrating its 20th year, Positive Purchasing is part of Positive Group, alongside their sister company, Red Sheet® Negotiation.

Purchasing 52

Purchasing Supplier relationship management Negotiation Category management 52

IBM Supply Chain Blog

FEBRUARY 19, 2024

The pandemic and its aftermath highlighted the importance of having a robust supply chain strategy , with many companies facing disruptions due to shortages in raw materials and fluctuations in customer demand. Here’s how companies are using different strategies to address supply chain management and meet their business goals.

supply chain software solutions 86

supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 86

The Thomas Blog

JANUARY 16, 2024

Leads come in many forms, and each reaches engagement stages and purchasing readiness at different times. Finally, they express interest or intent to purchase. Lead Generation Strategies — How to Generate Leads for Business? Lead Generation Strategies — How to Generate Leads for Business?

Strategy 59

Strategy Demand Purchasing Quality 59

Supply Chain Game Changer

MAY 24, 2022

7 Strategies to Increase Bitcoin Trading Profit! People who will purchase must go through a couple of stages to certify their buyer’s nuances, from recognizing confirmation to a road number. It is the fundamental strategy for finishing up which program to open a record for exchanging bitcoin. Best Bitcoin Strategy.

Strategy 90

Strategy Purchasing Supply chain Buyers 90

Spend Matters

OCTOBER 25, 2022

Categories: Procurement Strategy & Planning , Purchasing , Technology Tags: procurement strategy and planning , SaaS It’s time procurement caught up with the fourth industrial revolution. Kind of quaint, isn’t it?

Purchasing 86

Purchasing Procurement strategies Influencing Budget 86

Fraxion

FEBRUARY 28, 2022

Achieving purchasing control is challenging for organizations, large or small, without adequate visibility or technology to guide and inform spending behavior. By underpinning processes with consistent, internal purchasing controls you can strengthen your strategy and protect your organization via thorough authorization practices.

Purchasing 52

Purchasing Strategy 52

Arkestro

FEBRUARY 15, 2023

Automotive purchasing has been a hot topic in recent years. Luckily, Artificial Intelligence (AI) solutions can help make automotive purchasing more reliable, by: Streamlining purchase orders Decreasing the oversight and time spent in workflows to manually review and verify mundane details in purchase orders and verify their accuracy.

Purchasing 52

Purchasing Purchase orders supply chain software solutions supply chain budgeting 52

Procurement Freelancers

AUGUST 7, 2023

In the midst of today’s turbulent market, enterprises are reassessing their purchasing approaches to bolster… The post Optimizing Procurement: Shifting from JIT to JIC Strategies first appeared on Procurement Blog | Procurement & Supply Chain News.

Supply Chain Optimization 67

Supply Chain Optimization Strategy Procurement Purchasing 67

Procurify

JULY 20, 2022

If you are a purchasing manager struggling to meet your saving targets, you’re not alone. . Technological advancements are also rapidly changing the responsibilities of purchasing managers. . Now is a crucial time to re-evaluate the importance of purchasing in the overall organization strategy. Written by: Procurify.

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 52

Procurify

MAY 12, 2022

Many people use the terms procurement and purchasing interchangeably. In this guide, we clarify any confusion on the difference between procurement and purchasing, and deep dive into each area. What is purchasing? For example, by creating and fulfilling purchase orders and arranging payment for goods. Before we begin.

Purchasing 52

Purchasing Procurement Purchase orders Cost of ownership 52

IBM Supply Chain Blog

SEPTEMBER 6, 2023

AI for business has long been able to achieve multiple marketing functions: seamless connection across any platform or device, immediate response when experiencing issues and customization based on current location and purchase history. With the right generative AI strategy, marketers can mitigate these concerns.

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Data Strategy Ethics Quality 119