Planergy

MARCH 2, 2023

The process of tail spend analysis involves analyzing data from various sources, including supplier invoices, purchase orders, contracts, and other financial documents. Defining Tail Spend Tail spend is a term used to describe the small, often overlooked purchases made by an organization.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Real-time Visibility supply chain software solutions 52

The Thomas Blog

JANUARY 5, 2024

This article dives into the nuances of sales prospecting, emphasizing its significance and distinguishing it from the broader concept of lead generation. A prospect is any individual or organization that’s a good fit for and can benefit from your solution. This tailored approach ensures efficient use of resources and time.

Strategy 52

Strategy Buyers Real-time Visibility Data 52

Una

OCTOBER 4, 2022

Buying Group versus Group Purchasing Organization. In the procurement and sourcing world, there are several terms that seem to be used interchangeably when attempting to increase buying power and save money: buying group, group purchasing organization, purchasing cooperative, purchasing group.

Purchasing 98

Purchasing Negotiation Supply Chain Efficiency Suppliers 98

Una

OCTOBER 25, 2022

Procurement was once known for imposing clunky purchasing processes. What factors are causing bottlenecks or holding back meaningful progress, and how much is this costing your organization? Once the relevant information has been collected, you’ll be able to prioritize how best to direct your resources and time.

Supply Chain Efficiency 105

Supply Chain Efficiency Procurement Purchase orders Real-time Visibility 105

Una

OCTOBER 11, 2022

If you’re new to the concept of group purchasing , you may be asking yourself where, exactly, the biggest savings can be found. The answer is no secret: the steepest discounts exist in the most popular categories with the biggest volumes of purchasing. Every organization needs office supplies. Technology.

Spend management 97

Spend management Management Real-time Visibility Purchasing 97

Una

SEPTEMBER 21, 2023

Cost Savings vs. Cost Avoidance in Procurement Understand cost savings vs. cost avoidance in procurement and how each distinctly impacts an organization’s approach to cost management. Cost savings vs. cost avoidance Confused about the difference between cost savings and cost avoidance? You’re not alone.

Competitive bidding 52

Competitive bidding Ethics Supply Chain Optimization Strategy 52

Una

SEPTEMBER 27, 2022

Should we upgrade, repair, or buy new? Most companies cycle through and purchase new equipment every three to five years. Software and applications may change, but the cost to buy some sort of license or subscription will probably remain. Strategize what resources are cloud-worthy and when. Get new resources weekly!

Budget 97

Budget Inventory Contract Purchasing 97

Procurement Templates

JANUARY 17, 2024

Back in 1985 HBR wrote an article below: Scene 1: The executive committee meeting ends at 5:30 p.m. They have sensibly invested upfront resources to win commitments, helped customers with long-term planning for computers, and generally acted as if their customer relationships would continue. a purchaser of simple machine tools).

Demand 130

Demand Management Buyers Purchasing 130

Supply Chain Trend

NOVEMBER 27, 2016

However, S&OP has not yet substantially delivered on its ultimate promise of enterprise wide resource management, rolling financial forecasting and strategy deployment. To get some answers for S&OP practitioners, Niels van Hove from Supply Chain Trend interviewed a group of S&OP leaders. Introduction. Introduction.

supply chain software solutions 100

supply chain software solutions supply chain budgeting Supply Chain Optimization Leadership 100

Procurement Tactics

JULY 11, 2022

For this article, we will check ten negotiation and procurement case studies that can give you insight into how to negotiate with the other party. After reading this article, you will have an insight into how to negotiate with someone. Click on a case to jump straight to it: Amazing vs Wholefoods. Apple vs Samsung.

Negotiation 130

Negotiation Procurement Bidding Ethics 130