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 ESG in Procurement — Embracing Sustainability ESG in procurement is continuously integrated by many businesses to foster sustainability in their processes. However, what is it? What is ESG Procurement?

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Procurement Templates

SEPTEMBER 14, 2023

In an era marked by growing environmental concerns and the urgent need for sustainable practices, procurement has emerged as a pivotal player in fostering sustainability within organizations. The Green Imperative Sustainability is no longer an option; it is an imperative.

Sustainability 130

Sustainability Supply Chain Efficiency Procurement Ethics 130

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.

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Sustainability Procurement Supply Chain Efficiency Procurement strategies 183

Procurement Tactics

MARCH 29, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Pillars of Sustainability — Everything About Sustainability The pillars of sustainability should be embedded into an organization’s strategy to achieve sustainability.

Sustainability 130

Sustainability Supply Chain Efficiency Ethics Cost of ownership 130

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 Purchase Order vs Invoice — 7 Key Differences Purchase orders and invoices may be hard to differentiate, especially if you are new in the procurement industry. What is a Purchase Order?

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Purchase orders Purchasing Buyers Quantity 130

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 Purchase Price Variance — Everything You Should Know Purchase price variance is an important factor for budget preparation, but why? Price Purchase Variance: What is it? Why is it Important?

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Procurement Tactics

JUNE 22, 2023

Sustainable Procurement Maintain high profitability while moving toward sustainability 4. A business expert or a procurement manager can know the difference between a sales order and a purchase order, but these two documents are the same for many others. What is a Sales Order? Let’s first understand what a sales order is.

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Purchase orders Purchasing supply chain software solutions Buyers 200

Procurement Tactics

JANUARY 8, 2023

Sustainable Procurement Analysis — The Ultimate Guide. However, what is it when it comes to sustainability? In this article, we will discuss what sustainable procurement analysis is. Once you finish reading this article, you will gain a deeper knowledge of what sustainable procurement analysis is.

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Sustainability Procurement Agile and Lean Supply Chain Supply Chain Optimization 207

Procurement Tactics

APRIL 23, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Supplier Code of Conduct — Embracing Sustainability Supplier code of conduct allows businesses to establish their internal and external expectations. However, what is it?

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Sustainability Suppliers Chief Procurement Officer Supply Chain Efficiency 177

Procurement Tactics

SEPTEMBER 16, 2022

Sustainable Procurement Policy — The Ultimate Guide. A sustainable procurement policy is in place to help businesses. In this article, we will talk about what sustainable procurement policies are. We will discuss its benefits and steps to build your own sustainable procurement policy. . Redesign your purchasing process.

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Sustainability Procurement Supply Chain Efficiency Purchasing 130

Procurement Tactics

JUNE 5, 2023

First Name Email Download 51 Prompts →  Or receive our famous weekly newsletter Global Supply Chain — Everything About Supply Chain Global supply chain has become a popular way for businesses to source unique materials and products from other countries as they are unavailable domestically.

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IBM Supply Chain Blog

MARCH 16, 2023

Today’s shopper is eminently conscious and willing to pay a premium for sustainable, conscious fashion that helps make a positive contribution to the environment and promotes fair labor practices. This signals a huge opportunity for fashion brands to deliver clothes, shoes and accessories that are made sustainably.

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Supply Chain Efficiency Sustainability Raw materials Real-time Visibility 57

SCMDOJO

AUGUST 16, 2023

Among these strategies, the role of supply chain capability stands out as a key factor in driving success. A well-optimized supply chain not only ensures efficient delivery and cost-effectiveness but also provides companies with a competitive advantage in the market.

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Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 74

IBM Supply Chain Blog

DECEMBER 15, 2023

Sustainable business practices are an essential part of an organization’s commitment to social and environmental responsibility. Sustainability in business also provides organizations an opportunity to create more efficient supply chains that have a positive impact on the planet.

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Sustainability Supply Chain Efficiency Raw materials Supply chain 73

IBM Supply Chain Blog

FEBRUARY 19, 2024

In today’s complex global business environment, effective supply chain management (SCM) is crucial for maintaining a competitive advantage. Here’s how companies are using different strategies to address supply chain management and meet their business goals.

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supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 88

Procurement Tactics

SEPTEMBER 7, 2022

Sustainable Procurement — The Ultimate Guide of 2022. Sustainable procurement is becoming vital as demands continue to rise. Of course, it is no secret that the world is focused on sustainability. In this article, we will discuss the definition of sustainable procurement and its significance in every sector. First Name.

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Sustainability Procurement Cost of ownership Supply Chain Efficiency 163

NLPA (Next Level Purchasing Association)

APRIL 8, 2024

The globalized world relies on efficient and well-coordinated supply chains. Understanding this distinction is essential for anyone entering the procurement, purchasing, or supply chain field. It ensures the smooth and efficient flow of physical goods from one point in the supply chain to another.

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SCMDOJO

MARCH 8, 2024

In the world of business, managing inventory efficiently can make all the difference between success and struggle. Top 5 Inventory Optimization Strategies Explained Managing inventory efficiently is vital for any business. Here are five simple yet powerful strategies to optimize inventory and streamline operations: 1.

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Procurement Tactics

JANUARY 9, 2023

The Shift Towards Sustainability While maintaining high Profitability. The shift towards sustainability is gaining popularity. We, at procurement tactics, will tackle how you can transform into a sustainable business while maintaining a high margin or profitability. We will tell you ways to have a sustainable business.

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Sustainability Collaboration Strategy Suppliers 210

Procurement Tactics

SEPTEMBER 23, 2022

Sustainable Procurement Operations — The Ultimate Guide. Sustainable procurement operations are the foundation of sustainability in procurement and supply chains. In this article, we will discuss how sustainability works in procurement. Sustainability in Procurement Defined. Editor's note: Hi there!

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Sustainability Procurement Procurement strategies Supply Chain Optimization 130

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. For example, the presence of forced labor in the supply chain has received greater scrutiny.

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Purchasing Supply management Management Supply Chain Efficiency 91

IBM Supply Chain Blog

APRIL 22, 2024

To drive real change, it’s crucial for individuals, industries, organizations and governments to work together, using data and technology to uncover new opportunities that will help advance sustainability initiatives across the globe. CEOs say that sustainability investments will help drive better business results in the next 5 years.

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Sustainability Data Sourcing Strategy 85

ivalua

DECEMBER 15, 2022

Ivalua platform selected to improve efficiency, transparency, and the employee purchasing experience. Redwood City, CA, December 15, 2022. We are delighted to have been selected for the digitization of one of the world’s leading automotive players’ procurement processes. About Ivalua.

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Supply Chain Efficiency Procurement Agile and Lean Supply Chain Spend management 246

Procurement Tactics

SEPTEMBER 22, 2022

Sustainable Procurement Business Examples — The Ultimate Guide. Sustainable procurement is being adopted by many companies to reduce their carbon emissions and achieve sustainability. Of course, there are companies that have already adopted sustainability in their supply chain. . Editor's note: Hi there!

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Sustainability Procurement supply chain budgeting Supply Chain Efficiency 130

IBM Supply Chain Blog

JUNE 30, 2023

When it comes to the latter, retail leaders are also facing new government regulations that make sustainability promises a must-have rather than a nice-to-have. The good news is that sustainability and profitability go hand-in-hand, especially in the retail supply chain. Simple: communicate!

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Procurement Tactics

JUNE 28, 2023

Sustainable Procurement Maintain high profitability while moving toward sustainability 4. In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. Procurement Tracking: Why is it Important?

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

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. Now, sourcing and procurement professionals are reaping the rewards of such automation: streamlining workflows, boosting the bottom line and finding efficiencies.

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Sourcing Strategy Supply Chain Efficiency e2e 105

IBM Supply Chain Blog

FEBRUARY 13, 2023

There’s no such thing as a perfect supply chain. The key question is: What are you doing to continuously make yours more sustainable? A sustainable supply chain needs to embed environmental, social and governance (ESG) best practices into how raw materials are sourced, turned into products and delivered to market.

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Supply Chain Efficiency Sustainability Supply chain Strategy 40

SCMDOJO

JANUARY 30, 2023

From tech giants to manufacturing leaders, the top 10 CEOs in the supply chain industry have blazed a trail of success. The Top 10 CEOs Who Have Worked As Supply Chain Professionals 1. Tim Cook Tim Cook, the CEO of Apple, has a background in operations and supply chain management. Don’t forget!

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Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting Supply chain 118

Supply Chain Game Changer

OCTOBER 14, 2022

Subscribe to Supply Chain Game Changer. The Supply Chain Renaissance Has Begun! The Supply Chain is the unseen driving force behind any business. As such, for business success you must improve Supply Chain. Subscribe Here! Email Address. Seamless flow. Inventories are also crucial.

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World of Procurement blog

APRIL 24, 2024

Understanding the Procurement Process At its core, the procurement process is a strategic axis around which the efficiency, effectiveness, and ethical standards of a business revolve. It's a multifaceted journey from identifying the need for a product or service to the final steps of contract closure and post-purchase evaluation.

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Supply Chain Efficiency Ethics Procurement Sustainability 52

Positive Purchasing

DECEMBER 6, 2023

Written by Jonathan O’Brien, leading procurement expert and CEO of Positive Purchasing Ltd. Increasing consumer pressure is a huge part of what is driving organizations to develop their sustainability initiatives and support improved human rights. Inevitably, there are some supply chains that are riskier than others.

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Sustainability Price Supply Chain Efficiency Agile and Lean Supply Chain 64

IBM Supply Chain Blog

AUGUST 26, 2021

Consumers weary from ongoing supply chain strains are demanding greater transparency and certainty from retailers and e-commerce sites as they undertake back-to-school and holiday shopping. The study also revealed a new trend, a preference among shoppers for more sustainable and environmentally-friendly shipping options.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization supply chain software solutions Agile and Lean Supply Chain 52

Procurement Leaders

APRIL 6, 2023

That said, the biggest challenge remains going deep into your supply chain. UCB’s changing supply chain We have a categorisation beyond whether a supplier is strategic or not. Sometimes we say there is no alternative available, while it might be that the alternative is simply not the most cost-efficient.

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Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Supply 130

SCMDOJO

SEPTEMBER 8, 2023

This blog explains The Key MRP Metrics in Supply Chain whcih every supply chain professional in Manufacturing or Distribution Businesses. Supply chain professionals will be familiar with the term Material Requirements Planning (MRP).

Supply Chain Efficiency 81

Supply Chain Efficiency Supply Chain Optimization supply chain software solutions Agile and Lean Supply Chain 81

Supply Chain Game Changer

SEPTEMBER 5, 2022

Subscribe to Supply Chain Game Changer. Supply Chain Visibility – An Overcomplicated Challenge! I found this striking that there is so little multi-tier Supply Chain visibility. The broader value chain includes every supplier’s supplier and every customer’s customer. Subscribe Here!

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Procurement Tactics

MAY 22, 2023

Additionally, we will tell you the advantages of having integrated logistics in your supply chain. Thus, this will enable you to implement it in your supply chain. Sustainable Procurement Course Maintain profitability while moving toward sustainability 4. What is Integrated Logistics?

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Logistics supply chain software solutions supply chain budgeting Supply Chain Optimization 207