Una

NOVEMBER 30, 2022

Value Creation Through Digital Transformation in Procurement. But COVID also revealed the growing value placed on the expertise of procurement professionals and a shifting company viewpoint from back-office worker bees to valued C-suite consultants. Prioritizing a digital procurement strategy to gain competitive advantage.

Procurement 97

Procurement Supply Chain Efficiency Supply Chain Optimization Supply chain 97

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 Inventory Forecasting — Everything You Should Know Inventory forecasting allows you to predict when supply chains and consumer demand are going to change. However, what is it?

Inventory 170

Inventory Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 170

Una

FEBRUARY 27, 2023

Pain Points in Procurement Series The Procurement Talent Shortage Discover ways to rectify the procurement talent shortage by attracting and keeping top sourcing candidates. Let’s begin with a pain point that nearly every sourcing team is currently facing: the procurement talent shortage.

Procurement 97

Procurement Procurement team Purchasing Risk 97

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

DECEMBER 26, 2022

33 Procurement Interview Questions in 2023. Procurement Strategy Case Studies — 5 Insightful Examples. Setting the appropriate strategy in procurement is the first step to improving control and effectiveness of the overall procurement and sourcing activities. Combining procurement models. Download Whitepaper →. .

Procurement strategies 267

Procurement strategies Strategy Procurement Bidding 267

Spend Matters

JANUARY 4, 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. And let’s hear from Alex Saric, Ivalua’s Smart Procurement Expert.

Procurement solutions 94

Procurement solutions Procurement Agile and Lean Supply Chain Supplier relationship management 94

NLPA (Next Level Purchasing Association)

FEBRUARY 29, 2024

In today’s dynamic business landscape, category management in procurement has become an essential weapon for procurement teams seeking to optimize spend, strengthen supplier relationships, and drive growth. 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

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. So, get ready to elevate your communication skills and gain a deeper understanding of the procurement domain.

Procurement 97

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

SCMDOJO

OCTOBER 27, 2023

Supplier negotiation is the most critical skill in the world of procurement. It requires an in-depth knowledge of procurement processes to be able to bring the supplier on a mutual agreement. The following are common types of negotiation in procurement: 1. The aim is often to secure volume discounts or advantageous terms.

Supplier negotiation 88

Supplier negotiation Negotiation Suppliers Supply Chain Efficiency 88

NLPA (Next Level Purchasing Association)

JANUARY 10, 2024

And at the heart of this green revolution lies a powerful tool: green procurement. But for many, particularly newcomers to the procurement world, navigating the labyrinth of green product options and certifications can feel daunting. Fear not, eco-warriors!

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Sustainability Supply Chain Optimization 52

Una

NOVEMBER 1, 2022

For decades, procurement professionals saw as much daylight as the basement-dwelling character Milton Waddams in Office Space. Procurement professionals are abandoning traditional sourcing practices in favor of more responsive strategies to supply chain management in pursuit of more significant cost savings and organizational efficiencies.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

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. By Hugo Britt | April 25, 2023 Search Welcome to Una’s Pain Points in Procurement series.

Procurement 94

Procurement supply chain budgeting Supply Chain Efficiency Contract 94

SCMDOJO

MARCH 27, 2024

However, it goes beyond mere listings. Hence, regardless of your specific aim, this article will shed light on the top software you need. Key Features and Functionalities As for this criterion, it focuses on the core functionalities necessary. This includes evaluating the cost-effectiveness of subscription plans.

supply chain software solutions 69

supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 69

Una

MARCH 16, 2023

Pain Points in Procurement Series How to Build Procurement Influence and Why it Matters How to build procurement influence as a way to stay engaged with other business functions, drive value, and achieve more desirable outcomes. By Hugo Britt | March 16, 2023 Search Welcome to Una’s Pain Points in Procurement series.

Influencing 105

Influencing Procurement Cost of ownership Supplier relationship management 105

Una

NOVEMBER 13, 2023

Reasons for an imbalance You’re a small business owner or head of procurement for a small company. For reasons beyond your control, you need to deal with a gigantic supplier. This supplier has resources on steroids. The good news is there are some practical strategies you can use to tip the scales in your favor.

Negotiation 52

Negotiation Purchasing Price Suppliers 52

Procurement Software

MARCH 12, 2024

AI in procurement – especially generative AI – is going through the hype phase at the moment. However, it’s proven ability to cut down the time and resources needed to complete many everyday tasks is not to be underestimated. Could AI in procurement make us irrelevant? It’s way beyond my pay grade.

Procurement 52

Procurement Category management supply chain software solutions Data 52

Una

NOVEMBER 14, 2022

Five Predictions for the Future of Procurement. As we move further and further from the effects of a global pandemic, procurement will not revisit the “good old days” of the mid-2010s. COVID permanently changed the procurement game. the hybrid work model). Did the pandemic already write procurement’s future?

Procurement 98

Procurement Agile and Lean Supply Chain Supply Chain Efficiency Procurement team 98

Una

JULY 19, 2022

3 Reasons to Develop a Comprehensive Procurement Strategy. Because of this, it isn’t necessarily wise to approach procurement with a one-size-fits-all mentality. Benefits of building a comprehensive procurement strategy. Minimize costs and reduce sourcing errors. By Mackenzie Oakley | July 19, 2022.

Procurement strategies 98

Procurement strategies Strategy Procurement Supplier relationship management 98

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. By Hugo Britt | August 8, 2023 Search Search Sustainability doesn’t happen by taking ad hoc or sporadic action in procurement.

Sustainability 52

Sustainability Procurement Procurement team Procurement strategies 52

Una

NOVEMBER 7, 2022

IT Innovation and Procurement as the Driving Force. Or is it procurement? Procurement can act as the gatekeeper of supplier innovation and the vital connection between all the parties involved in the purchase decision. Here are six ways for procurement to help drive innovation into the organization.

Innovation 93

Innovation Procurement Suppliers Purchasing 93

Una

JUNE 22, 2023

Taking an Advisory Approach to Procurement An inside look at how Una, the nation’s fastest growing group purchasing organization, works to take an advisory approach to procurement. Far too often, however, procurement departments are overworked and understaffed.

Procurement 52

Procurement Purchasing Procurement strategies Procurement team 52

Claritum

AUGUST 23, 2019

Claritum Article - Procurement Blog. Resources. Organisations are focusing on supplier diversity programs to encourage growth of their businesses. Many medium sized businesses are also looking at diversity in their supply chains, for the reasons explained in this article. Introduction. Tracking success.

Supply 32

Supply Agile and Lean Supply Chain Suppliers Supply chain 32

SCMDOJO

DECEMBER 14, 2023

This total time can be further categorized into key components: Procurement Lead Time: This dimension, situated in the upstream supply chain, covers the duration from placing an order to receiving it. According to the article “ Modeling the flexibility of order quantities and lead-times in supply chains ”, by Sanchoy K.

Agile and Lean Supply Chain 75

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization Real-time Visibility 75

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. We therefore must try to understand what potential impact generative AI could have on procurement organisations.

Procurement 52

Procurement Category management supply chain software solutions Data 52

Una

FEBRUARY 22, 2023

How to Use GPOs as a Cost Savings Strategy Discover how procurement leaders can join a GPO and use group purchasing as a cost savings strategy to deliver continued value. Procurement leaders face similar challenges when the pressure to deliver cost savings is unrelenting and you feel like you’re running out of options.

Strategy 52

Strategy Purchasing Supply Chain Efficiency Supplier consolidation 52

Claritum

AUGUST 23, 2019

Claritum Article - Procurement Blog. Resources. Organisations are focusing on supplier diversity programs to encourage growth of their businesses. Many medium sized businesses are also looking at diversity in their supply chains, for the reasons explained in this article. Introduction. Tracking success.

Supply 36

Supply Agile and Lean Supply Chain Suppliers Contract 36

SCMDOJO

APRIL 11, 2023

In this article, we’ll take a closer look at the top 10 supply chain management courses that can take your career to the next level. In this article, we’ll take a closer look at the top 10 supply chain management courses that can take your career to the next level. Cost effective study support. Rating: Not provided.

Supply chain management 113

Supply chain management Supply chain management supply chain software solutions Supply chain 113

Una

JANUARY 24, 2024

Balancing Procurement's Biggest Priorities in the Fast Lane No matter the industry, Sourcing Heroes need to be adept at identifying and balancing procurement’s priorities to make the biggest impact. Out of all of the innovations and changes transforming procurement, AI, he says, is top of mind.

supply chain software solutions 52

supply chain software solutions Supply Chain Optimization Innovation Procurement 52

IBM Supply Chain Blog

FEBRUARY 13, 2024

” This evolution demonstrates that computers have moved beyond mere number-crunching devices. ” This evolution demonstrates that computers have moved beyond mere number-crunching devices. The result will be unusable if a user prompts the model to write a factual news article.

Data 125

Data Ethics Quality Project management 125

Una

MARCH 1, 2023

Shifting Procurement's Mindset to Face the Challenges of 2023 and Beyond Advice for shifting procurement’s mindset to face current-day challenges head on and how to continue driving change, solving problems, and creating value amidst adversity. As soon as you say ‘we can’t do that’, your brain shuts down.

Raw materials 97

Raw materials Purchasing Procurement Sourcing 97

Spend Matters

JUNE 19, 2023

This Spend Matters series takes a look at the state of procurement technologies in the market today and whether they meet user demands. In this article, our analyst Bertrand Maltaverne looks at Direct Materials Sourcing solutions. In this article, our analyst Bertrand Maltaverne looks at Direct Materials Sourcing solutions.

Sourcing 75

Sourcing Bidding Price Suppliers 75

Empowering CPO

JUNE 23, 2023

Spend analysis is a systematic process that involves the collection, cleansing, classification, and analysis of expenditure data with the goal of decreasing procurement costs, improving efficiency, and monitoring compliance. So, how does spend analysis aid in strategic decision-making and cost savings?

Data 52

Data Procurement Purchase orders Suppliers 52

Procurement Software

JANUARY 16, 2024

Could more visionary procurement leaders be the cure for procurement teams not getting the recognition they deserve? It’s time to start replacing the technocratic, process-obsessed procurement teams. We must usher in a more visionary and value-focused group of procurement leaders and CPOs.

Procurement 52

Procurement Procurement team supply chain budgeting Budget 52

Planergy

JULY 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Ethical Sustainability & Responsibility Procurement. Beyond that, it’s about social responsibility, not just to your local community, but to the world in general. Cristian Maradiaga. King Ocean. Book a Live Demo.

Sustainability 52

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

Planergy

SEPTEMBER 8, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Discretionary expenses are costs that are not essential for the maintenance of a home or business. When finances are tight these will be the costs that you can cut when tightening your belt.

Budget 52

Budget Spend management Management Purchasing 52

SCMDOJO

DECEMBER 18, 2023

In the world of manufacturing and maintenance, effective spare parts management is essential for maximizing equipment uptime and reducing costs. It’s a smart guarantee that the right parts are easy to get, making sure equipment doesn’t stay idle for long and costs stay low. Ready to enhance your spare parts management?

Supply Chain Efficiency 63

Supply Chain Efficiency Inventory control Management supply chain budgeting 63

Supply Chain Game Changer

MARCH 28, 2020

The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. But there is a profoundly significant Procurement value chain. Procurement is strategic! Now is the time for Procurement to SELL! Could the CPO Be Replaced by the Chief Value Officer? ” Ouch!

Procurement 71

Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 71