Procurement Tactics

AUGUST 25, 2022

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. Trillion budget. . Rajeev Karmacharya.

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

SPLC (Sustainable Purchasing Leadership Council)

MAY 18, 2018

2018 LEADERSHIP AWARDS FOR SUSTAINABLE PURCHASING. Seven Organizations Recognized by Sustainable Purchasing Leadership Council. Each winner employs a wide range of sustainable purchasing strategies and documented the resulting environmental, social, and/or economic benefits in a case study. More about this case study.

Leadership 40

Leadership Purchasing Sustainability Supply Chain Efficiency 40

NLPA (Next Level Purchasing Association)

SEPTEMBER 18, 2023

Don’t miss updates on Procurement & Supply Chain, Subscribe here! If you want up-to-date views on the latest happenings in purchasing and supply management or want to share your own thoughts, this is the place! The post Just Starting Out appeared first on Next Level Purchasing Association (NLPA).

Purchasing 40

Purchasing Supply management Supply chain Procurement 40

Jaggaer

JULY 5, 2023

JAGGAER is awarded by ADACI, the Italian Association of Purchasing and Supply Management for our efforts with advancing Marelli's digitization project.

Innovation 52

Innovation Purchasing Supply management Procurement 52

World of Procurement blog

APRIL 24, 2024

Today, we delve into the top 15 procurement certifications that stand as beacons of knowledge, skill, and proficiency in the industry, with a particular spotlight on the esteemed qualifications from the Chartered Institute of Purchasing and Supply (CIPS).

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Procurement Supply chain management Supply chain management Supply Chain Optimization 52

Supply Chain Brain

MAY 2, 2023

The Institute for Supply Management said its purchasing managers’ index rose from a three-year low of 46.3% in March 2023 to 47.1% in April 2023.

Purchasing 52

Purchasing Supply management Management Supply 52

NLPA (Next Level Purchasing Association)

SEPTEMBER 21, 2023

The modern business landscape is constantly evolving, and this dynamism is especially evident in the areas of purchasing and supply chain management. In today’s connected world, supply chains have become more complex, with global reach, sustainability concerns, and rapidly changing market dynamics.

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Procurement Supply Chain Optimization Supply Chain Efficiency Purchasing 52

Procurement Tactics

JULY 17, 2022

Purchase/Purchasing. They all refer to the process or act of getting, buying, acquiring, or purchasing something. . Some words can easily replace the word procurement such as the word purchase. In any organization, the procurement department is responsible for all the purchasing of suppliers or services.

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Procurement Negotiation Purchasing Supply Chain Optimization 130

Positive Purchasing

OCTOBER 20, 2023

It’s events season here at Positive Purchasing and we’ve had a busy September travelling around Europe, attending leading procurement events. appeared first on Positive - Procurement transformation, expert training for improved purchasing and procurement. The team have been in Spain, Sweden and Italy! Read more below!

Category management 52

Category management Sustainability Purchasing Procurement 52

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

Improved communication, regular performance assessments, and joint value creation efforts lead to better supplier performance, reduced risks, and potential cost savings through optimized partnerships. These insights enable data-driven decision-making, negotiation strategies, and risk mitigation, leading to more informed procurement choices.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Una

OCTOBER 12, 2022

Juliette is a reporter at Supply Management magazine, the hard copy publication from CIPS. In the April-June 2022 edition, she wrote an article titled, What happens when politics snares supply? Do you have questions about group purchasing? Episode 84: Tackling the Trends of Quiet Quitting and Firing with Kris Lance.

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Supply chain Supply chain management Supply chain management Supply 111

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

Strategically measure purchasing performance Strategic measurement of purchasing performance is critical for any procurement department to succeed. This involves developing key performance indicators (KPIs) to measure performance and using data analytics to analyze purchasing data and identify areas for improvement.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

NLPA (Next Level Purchasing Association)

JULY 20, 2023

To new members of a Procurement & Purchasing team, it’s important to understand the role of managing spend and its impact on organizational success. At its core, managing spend refers to the process of strategically controlling and optimizing the financial resources allocated for procurement and purchasing activities.

Management 40

Management supply chain budgeting supply chain software solutions Spend management 40

NLPA (Next Level Purchasing Association)

AUGUST 23, 2022

Interested in Supply Management? Sourcing and Supply Management in the “New Normal”. Supply Management Contract Writing. Supply Risk Checklist. appeared first on Next Level Purchasing Association (NLPA). Table 2, Annual Strategy Review. We got you. Recommended Reading.

Procurement strategies 52

Procurement strategies Strategy Procurement Supply Chain Efficiency 52

SCMDOJO

SEPTEMBER 18, 2023

Here is a list of some common procurement synonyms: Sourcing Acquisition Purchasing Buying Procuring Acquiring Obtaining Securing Obtaining Stocking Resourcing Attaining Gaining Fetching Obtaining Now let’s get into the meanings of some of these synonyms for procurement: 1.

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Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 97

Procurement Templates

APRIL 10, 2022

These meetings should be part of the contract management process, and while it may seem obvious what to do, it’s important to consider what you’re trying to achieve with these reviews. These are key topics that you should be discussing at your weekly or monthly purchasing team meetings. any initial supply chain.

Purchasing 130

Purchasing Supply Chain Optimization Supply Chain Efficiency Supply chain 130

ivalua

SEPTEMBER 22, 2022

What’s your Greatest Supply Management Challenge Today? In May 2022, Ivalua commissioned Forrester to survey over 400 procurement leaders across the globe to ask how they plan to minimize the frequency and impact of supply disruptions.

Agile and Lean Supply Chain 130

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

Una

JULY 3, 2023

The hard-won skills that you’ve developed over the course of your procurement or supply management career will always be relevant, no matter how high you climb. By working closely with relevant stakeholders, they and their teams develop contingency plans and implement strategies to maintain a resilient and secure supply chain.

Leadership 52

Leadership Procurement Ethics Supply Chain Optimization 52

IBM Supply Chain Blog

DECEMBER 13, 2023

It can nurture collaborative partnerships with suppliers and integrate ethical and environmental (green purchasing) considerations into the sourcing strategy. A procurement strategy is a structured plan that an organization develops to guide its purchasing process in a way that aligns with its business needs.

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Procurement strategies Strategy Procurement Supply Chain Efficiency 71

Una

OCTOBER 13, 2022

Procurement and supply chain management would be a lot easier if the function existed in a bubble, but it would also be a lot less exciting. The Challenging State of Procurement and Supply Chain. Do you have questions about group purchasing? By Hugo Britt | October 13, 2022. Leveraging Lean Procurement. Get in Touch.

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Procurement Agile and Lean Supply Chain Price Supply chain 98

NLPA (Next Level Purchasing Association)

NOVEMBER 16, 2022

Disruption Management has become a major discipline in today’s Supply Management doctrine. The abatement of supply risks is at the heart of such doctrines and strategies. NLPA designed the Supply Risk Ecosystem Framework to conceptualize supply landscapes regarding supply risks.

supply chain budgeting 52

supply chain budgeting Supply Risk management Risk 52

NLPA (Next Level Purchasing Association)

MARCH 16, 2023

The post Understanding Spend Management Perspectives: CFO, CEO, Procurement Director & Procurement Manager appeared first on Next Level Purchasing Association (NLPA). Become a member of one of the world’s largest procurement associations today.

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Spend management Management Procurement supply chain budgeting 98

Spend Matters

JULY 25, 2022

Categories: Solution Providers , Spend Management , Supply Management , Technology Tags: Coupa Inspire , EU , supply We are witnessing a pivotal change in the market for some of the big source-to-pay (S2P) suite players (like Coupa, SAP and their peers) as they move toward a broader platform and ecosystem approach.

Supply Chain Optimization 82

Supply Chain Optimization Spend management Management Supply 82

Una

NOVEMBER 19, 2023

Read More Procurement-Specific Leadership Skills The hard-won skills you’ve developed over the course of your procurement or supply management career will always be relevant, no matter how high you climb. Along with thorough understanding and experience, here are eight procurement-specific skills that will make you a better leader.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Negotiation 52

Barkers Procurement

MARCH 3, 2022

Ethical supply management also reduces supply costs, as well as the excessive shrink in the manufacturing, inventory and delivery processes. Purchasing policies that mitigate risks enhance regulatory compliance. Building brand loyalty that results in repeat purchases is the goal of every business.

Ethics 52

Ethics Supply Chain Efficiency Procurement Purchasing 52

Procurement Insights

NOVEMBER 11, 2022

Specifically, that “efficient world-class supply management practice should involve multiple internal and external stakeholders” because “a successful source-to-settle workflow must look at the entire ecosystem that connects sourcing and procurement to accounts payable and treasury.” ” Mary Zampino.

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Procurement Business procurement Sourcing Price 56

Spend Matters

MAY 8, 2023

As announced at the recent Inspire 2023 conference, Coupa is introducing several new products to address industry gaps in direct spend management as part of its vision to become a comprehensive spend management platform (which for direct also means a supply management platform).

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Spend management Management Real-time Visibility Collaboration 76

Strategic Sourceror

SEPTEMBER 28, 2022

According to global markets firm CME Group, sheet prices dropped in August compared to July , continuing a month-over-month downward trend in what it costs to purchase steel. Steel said it anticipated its earnings would be negatively impacted because of weaker demand and having to charge customers less to account for the surplus in supply.

Price 62

Price Demand Strategic sourcing Strategic sourcing 62

Una

APRIL 18, 2023

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. .” In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Mark Trowbridge.

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Risk Supplier relationship management Contract management Supply Chain Efficiency 133

Skill Dynamics

NOVEMBER 8, 2023

Once their plan is complete, they will receive a world class certificate from the IFPSM (The International Federation of Purchasing and Supply Management). We wanted to ensure our procurement teams were able to manage the market exigencies, by both improving our organization and our employees’ expertise.

Export 52

Export Project management Procurement team Risk management 52

Supply Chain Game Changer

OCTOBER 14, 2022

When you stand by your promise to consistently deliver merchandise on time, whether in stores or following online purchases, you create a reputation for reliability and trustworthiness, which can make customers return to you and choose your services over those of your competitors.

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Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Supply chain 99

Supply Chain Game Changer

NOVEMBER 13, 2018

And What is Purchasing? From the starting point of the traditional buy-sell, transaction-based purchasing, the practice has moved through stages of change that redefines most aspect of the business. This can be achieved through reduction in prices of purchased products & services and reduction in their specific consumption.

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Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

Supply Chain Game Changer

MARCH 28, 2020

Subscribe to Supply Chain Game Changer. The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. It tends to be a more reactive organization focussed on managing day to day tasks and fires. Subscribe Here! Email Address. The Procurement Value Chain Continuum.

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Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 71

Positive Purchasing

DECEMBER 6, 2022

This article is adapted from 3rd edition Supplier Relationship Management: Unlocking the Value in Your Supply Base by Jonathan O’Brien © 2022 and reproduced by permission of Kogan Page Ltd. It first appeared on the Supply Management magazine on 6 September 2022. Download this insight. Discover our SRM program.

Sustainability 52

Sustainability Supply Chain Efficiency Supplier relationship management Innovation 52

Procurement Insights

JANUARY 4, 2024

I will share some facts with you that I am sure you will find enlightening: Managing “In-Process” Purchase Orders Before the pandemic, 36% of line items would change over the lifecycle of a PO. 53% of midmarket B2B companies are using spreadsheets to manage their accounts receivable (2014 study by e2b teknologies).

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Purchase orders Purchasing Supply chain Management 67

Strategic Sourceror

MAY 22, 2022

Timothy Fiore, chairperson for the Institute for Supply Management, spoke to this point in this ISM's latest Report on Business. manufacturing sector remains in a demand-driven, supply chain-constrained environment," Fiore said. Brought to you by the StrategicSourceror.

Raw materials 52

Raw materials Strategic sourcing Strategic sourcing Supply chain 52

SCMDOJO

FEBRUARY 29, 2024

Standalone metrics of metrics borrowed from other companies have a low chance of success because : They are not part of an overall supply management program. Others will have a purchasing or supplier management board at the senior management level. and procurement and supply management operations.

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Suppliers Management Quality Import 55