Procurement Templates

SEPTEMBER 14, 2023

Procurement, traditionally seen as a function focused on sourcing goods and services at the best possible prices, has now evolved into a strategic driver for sustainability. The effects of climate change, resource depletion, and social inequalities are undeniable, prompting governments, consumers, and businesses to take action.

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Sustainability Supply Chain Efficiency Procurement Ethics 130

Spend Matters

JANUARY 16, 2024

For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. In no order of preference, other than by the date they arrived in our inbox, today let’s hear from Ron Emma, CEO of Simfoni.

Procurement solutions 82

Procurement solutions Procurement Spend management Supply Chain Optimization 82

Procurement Tactics

AUGUST 15, 2022

For this article, we will show you steps on how to create a successful supply chain plan. We will also discuss the elements and benefits of supply chain planning in your organization. We will also discuss the elements and benefits of supply chain planning in your organization. Supply Chain Planning — The Ultimate Guide of 2022.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply Chain Optimization Supply chain Supply 130

Procurement Tactics

JUNE 8, 2023

In this article, we will define what supply chain network design is. Once you are done reading this article, you will be able to configure your supply chain effectively. This process allows you and other leaders to optimize the supply chain network given the available resources. However, what is it?

Supply Chain Optimization 211

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency supply chain software solutions 211

Una

AUGUST 31, 2023

Overcoming Challenges with Strategic Sourcing for SMEs Explore how strategic sourcing for SMEs can help procurement professionals overcome the unique challenges of operating a small business. Should smaller organizations stay in their lane and concentrate on day-to-day tactical sourcing?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supplier relationship management 52

Una

NOVEMBER 30, 2022

Procurement departments are adopting digital sourcing strategies to automate routine processes and fill employment gaps. 5 Benefits of digital transformation in procurement. Let’s quickly look at five benefits of digital procurement. Let’s quickly look at five benefits of digital procurement.

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Procurement Supply Chain Efficiency Supply Chain Optimization Supply chain 97

SCMDOJO

APRIL 9, 2024

In the world of logistics, this means enhanced operational efficiency for inventory management, route optimization, safety and security of goods, and resource allocation. IoT delivers a data-driven decision-making process that enables logistics managers to make proactive decisions to minimize wasted resources and avoid delays.

Logistics 76

Logistics Data Supply Chain Efficiency Route optimization 76

Procurement Heads

DECEMBER 16, 2022

However, our article ‘What’s Happening in the Procurement Recruitment Market’ states that we are entering volatile and uncertain times – affecting the ease with which companies can recruit the best procurement professionals. Here’s how digital transformation is elevating procurement. billion (£11.8

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Procurement Supply Chain Efficiency supply chain software solutions Procurement team 130

Procurement Templates

JUNE 18, 2023

Brian Krzanich (formerly Intel Corporation): During his tenure as the CEO of Intel Corporation (until 2018), Brian Krzanich emphasized strategic procurement initiatives. Brian Krzanich (formerly Intel Corporation): During his tenure as the CEO of Intel Corporation (until 2018), Brian Krzanich emphasized strategic procurement initiatives.

Leadership 147

Leadership Procurement Agile and Lean Supply Chain Supply Chain Efficiency 147

NLPA (Next Level Purchasing Association)

FEBRUARY 29, 2024

To thrive, procurement functions need to become strategic partners within the organization, actively driving growth and efficiency. It’s a strategic approach that goes beyond simply buying goods and services. In this dynamic environment, traditional procurement practices that focus on transactional tasks are no longer enough.

Category management 52

Category management Management Procurement Supplier relationship management 52

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation. Consider these courses and resources from NLPA: 14 Procurement Best Practices Intelligent Procurement: How Can AI Expand Value?

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Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

IBM Supply Chain Blog

APRIL 25, 2024

The purpose of BPR is to streamline workflows , eliminate unnecessary steps and improve resource utilization. The purpose of BPR is to streamline workflows , eliminate unnecessary steps and improve resource utilization. This blog outlines some BPR examples that benefit from a BPM methodology.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting supply chain software solutions 52

SCMDOJO

SEPTEMBER 18, 2023

Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. Sourcing plays a crucial role in building strong supplier relationships and achieving cost-effectiveness in the supply chain.

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

Una

APRIL 15, 2024

In this article, we explore the signs that indicate your supplier might be in financial trouble. This could be a result of cash flow problems, reduced workforce, or insufficient resources to meet obligations. By associating with such suppliers, your business could face legal liabilities, regulatory penalties, and reputational damage.

Suppliers 52

Suppliers supply chain budgeting Quality Risk 52

Procurement Tactics

JULY 14, 2022

For this article, we will discuss what a procurement service provider is. Additionally, we will check the benefits it can give to organizations. . After you finish this article, you will have a deeper understanding of what a procurement service provider is. Procurement Service Provider — The Ultimate Guide of 2022. ENROLL NOW.

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Procurement Supply Chain Efficiency Negotiation Strategic planning 130

Procurement Tactics

SEPTEMBER 15, 2022

In this article, we will talk about what sustainable purchasing is. We will discuss its importance and the benefits it can bring to your company. Once you are done reading this article, you will have a deeper understanding of why companies are adopting sustainability not just in purchasing but also in the supply chain.

Purchasing 130

Purchasing Sustainability Cost of ownership Supply Chain Efficiency 130

NLPA (Next Level Purchasing Association)

FEBRUARY 14, 2024

This strategy builds strategic partnerships, mitigates risks, and ensures a smooth flow of goods and services. This strategy unlocks benefits like cost reduction, risk management, and strong supplier relationships. A strategic approach to procurement empowers you to navigate the ever-changing marketplace confidently.

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Procurement strategies Supply Chain Optimization Strategy Procurement 52

Procurement Software

MARCH 19, 2024

When you hear the words Generative AI in Procurement, your reaction is probably one of two things: Either you get excited, thinking of all the benefits and time-saving hacks it could offer. Which areas of Procurement could benefit from AI? Or else, you sigh and roll your eyes, thinking it’s just the latest hype cycle.

Procurement 52

Procurement Category management supply chain software solutions Data 52

Una

DECEMBER 6, 2022

Una’s team of Sourcing Advisors will work with you one-on-one to determine what success looks like and where group purchasing fits in order to best reach your goals. . Our team of Sourcing Advisors are here to provide support at every step of the way. Our team of Sourcing Advisors are here to provide support at every step of the way.

Purchasing 98

Purchasing Procurement strategies Risk Suppliers 98

Planergy

OCTOBER 13, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. While it offers numerous benefits, there are several challenges to consider. The grant covers running costs like salaries, utilities, and learning resources. How to gain visibility and control of your indirect spend.

Budget 52

Budget Purchasing Real-time Visibility Management 52

Procurement Tactics

SEPTEMBER 16, 2022

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. . Finishing this article will allow you to create your own procurement policy that will help your company achieve economic, social, and environmental goals.

Sustainability 130

Sustainability Procurement Supply Chain Efficiency Purchasing 130

Una

NOVEMBER 2, 2023

It’s difficult to pinpoint the nature of their concern; perhaps they believe outsourcing some parts of the procurement process is cheating, or maybe they worry that a GPO will alter their sourcing strategy. Is this cheating or considered a shortcut? One such readily available tool is (you guessed it): group purchasing. Here’s how.

Negotiation 52

Negotiation Purchasing Strategic sourcing Strategic sourcing 52

Planergy

SEPTEMBER 6, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Among the various types of budgeting, strategic budgeting stands out as a powerful tool for achieving long-term financial goals. What is Strategic Budgeting? How to gain visibility and control of your indirect spend.

Budget 52

Budget Real-time Visibility Innovation Data 52

Skill Dynamics

MARCH 12, 2024

What is strategic cost management? In brief, strategic cost management is implementing effective cost optimization strategies that lead to improved profitability, operational efficiency, and resource allocation. It’s an approach that many businesses need.

Cost optimization 69

Cost optimization Cost of ownership Procurement Strategy 69

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!

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Ethics 52

Una

AUGUST 30, 2022

A recent paper from Deloitte has helpfully categorized digital procurement into three areas: automated P2P (Procure-to-Pay), proactive SRM (Supplier Relationship Management), and predictive S2C (Source to Contract). How to Improve Strategic Supplier Relationship Management. How to Optimize Your Spend with a Strategic Sourcing Process.

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Procurement e2e Supplier relationship management Real-time Visibility 98

Claritum

AUGUST 23, 2019

Claritum Article - Procurement Blog. Strategic approach to supply diversity. Resources. million people are employed by 909,000 of these minority owned businesses (Source: www.mbda.gov). million people are employed by 909,000 of these minority owned businesses (Source: www.mbda.gov). Source unknown).

Supply 32

Supply Agile and Lean Supply Chain Suppliers Supply chain 32

Claritum

AUGUST 23, 2019

Claritum Article - Procurement Blog. Strategic approach to supply diversity. Resources. million people are employed by 909,000 of these minority owned businesses (Source: www.mbda.gov). million people are employed by 909,000 of these minority owned businesses (Source: www.mbda.gov). Source unknown).

Supply 36

Supply Agile and Lean Supply Chain Suppliers Contract 36

Una

APRIL 25, 2023

Pain Points in Procurement Series Why Professionals are Always Time-Poor in Procurement Stop struggling with being time-poor in procurement and pave the way for bigger projects, more strategic thinking, and better innovation. Why are Sourcing Heroes so often time-poor in procurement?

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Procurement supply chain budgeting Supply Chain Efficiency Contract 94

SCMDOJO

APRIL 4, 2023

In this article, we’ll delve into the benefits and challenges of this powerful tool, and discuss the architecture that’s necessary to successfully integrate it into your business. Read More: 10 Must-Read Supply Chain Analytics Books for 2023 ] The benefits of SCM analytics are numerous.

Supply Chain Analytics 110

Supply Chain Analytics Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 110

Una

JULY 6, 2022

Benefits of a Group Purchasing Organization. A guide to exploring the benefits of working with a group purchasing organization to save money, time and effort. The real value, however, and where you’ll truly benefit from working with a group purchasing organization like Una, lies beyond the initial cost savings.

Purchasing 92

Purchasing Category management Real-time Visibility Supply Chain Efficiency 92

SCMDOJO

OCTOBER 27, 2023

It is a skill that needs a strategic approach and it is not something anyone can do. Sustainability and CSR Negotiation: Negotiating terms related to sustainability, corporate social responsibility (CSR), and ethical sourcing. Alternative Sourcing Negotiation: This negotiation explores alternative sourcing options when necessary.

Supplier negotiation 88

Supplier negotiation Negotiation Suppliers Supply Chain Efficiency 88

Procurement Tactics

DECEMBER 6, 2022

In this article, we will discuss what spend management is. We will tell you the challenges and benefits of spending management. After reading this article, you will gain a deeper understanding of what spend management is. Or receive our famous weekly newsletter. Spend Management — The Ultimate Guide of 2023.

Spend management 172

Spend management Management Real-time Visibility Budget 172

Una

AUGUST 8, 2023

Getting Strategic About Sustainability in Procurement Tips for getting strategic about sustainability in procurement and the best practices to adopt to foster a more responsible future. It involves optimizing processes, reducing waste, and improving resource management, ultimately leading to long-term cost savings.

Sustainability 52

Sustainability Procurement Procurement team Procurement strategies 52

Una

JANUARY 1, 2024

5 Meaningful New Year's Resolutions for Procurement Sourcing Heroes can set their organization up for success by creating meaningful and realistic new year’s resolutions for procurement. Check if the survey results confirm or contradict other sources of information. Here are some tips for getting started. Survey fast and often.

Procurement 52

Procurement supply chain software solutions Contract Suppliers 52

NLPA (Next Level Purchasing Association)

JANUARY 10, 2024

From Trend to Necessity: Green procurement, once a niche trend for tree-hugging businesses, has blossomed into a strategic imperative. Think of it as a holistic approach to sourcing and managing goods and services that minimizes environmental impact, while maximizing social responsibility and economic benefit.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Sustainability Supply Chain Optimization 52

Procurement Software

MARCH 12, 2024

However, it’s proven ability to cut down the time and resources needed to complete many everyday tasks is not to be underestimated. You’re going to lose ground pretty soon against your competitors if you don’t understand both its benefits and its limitations. Could AI in procurement make us irrelevant?

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Procurement Category management supply chain software solutions Data 52