Procurement Tactics

AUGUST 15, 2022

For this article, we will show you steps on how to create a successful supply chain plan. Once you finish reading this article, you will be able to successfully create a resilient and effective supply chain for your organization. Production management. Inventory management. What is Supply Chain Planning?

Supply Chain Efficiency 130

Supply Chain Efficiency Supply Chain Optimization Supply chain Supply 130

Procurement Heads

FEBRUARY 9, 2023

With advancements in automation and artificial intelligence, many industries are seeing a shift in how work is performed, and procurement is no exception. Today, procurement professionals play a key role in managing supplier relationships, reducing costs, and ensuring the quality of goods and services.

Procurement 130

Procurement Strategic sourcing Strategic sourcing supply chain budgeting 130

Procurement Tactics

JULY 20, 2023

However, with the advancement of technology, businesses now have access to software that simplifies and automate the entire order management process. In this article, we will explore what supplier order management software is, its benefits, and some of the best software options available in the market.

supply chain software solutions 134

supply chain software solutions Suppliers Management Real-time Visibility 134

Una

SEPTEMBER 26, 2023

How to Repair Damaged Supplier Relationships Learn how to repair damaged supplier relationships by using communication, trust-building, and negotiation tactics to get back on track. Miscommunication is a key reason why supplier relationships can falter.

Suppliers 52

Suppliers Supply Chain Efficiency Negotiation Supply chain 52

Una

NOVEMBER 1, 2022

Benefits of Strategic Sourcing and Best Practices. These “back-office” workers were seen primarily as clerical support, entering and tracking purchase orders and researching suppliers. In doing so, procurement professionals are ascending the corporate stairs to have a more visible seat in their business’s strategic sourcing.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

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.

Sustainability 130

Sustainability Supply Chain Efficiency Procurement Ethics 130

Procurement Tactics

NOVEMBER 28, 2022

In this article, we will discuss what cost-effectiveness and cost-efficiency are. We will tell you their differences and how to improve them in your company. . Once you are done reading this article, you will know the difference between cost-effectiveness and cost-efficiency. What is Cost-Effectiveness?

Supply Chain Efficiency 130

Supply Chain Efficiency supply chain budgeting Inventory Budget 130

Una

APRIL 23, 2024

How Machine Learning is Transforming Supply Chain Management Machine learning applied to supply chain management allows businesses to enhance decision-making and streamline operations. Machine learning, a subset of AI, has emerged as a game-changer in the world of supply chain management.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Optimization Supply Chain Efficiency 52

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. There’s a good argument to be made that the smaller you are, the more strategic you need to be.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supplier relationship management 52

Procurement Tactics

DECEMBER 6, 2022

Spend Management — The Ultimate Guide of 2023. Spend management is an important process to reduce losses and mistakes. However, how do you manage your spending? In this article, we will discuss what spend management is. We will tell you the challenges and benefits of spending management.

Spend management 172

Spend management Management Real-time Visibility Budget 172

SCMDOJO

MARCH 19, 2024

A streamlined supply chain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth. But how exactly can businesses achieve this level of efficiency?

Supply Chain Optimization 74

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

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?

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Supply Chain Game Changer

NOVEMBER 3, 2022

Thoughts on Future Challenges and the Strategic Direction of Supply Chain! Supply chain management is an important aspect of every business because it ensures your business gets the supplies, resources, and materials it needs to fulfill services or deliver products to customers. Subscribe Here! Email Address.

supply chain budgeting 115

supply chain budgeting supply chain software solutions Supply Chain Efficiency Supply chain 115

Una

NOVEMBER 30, 2022

How and why is this happening? Going digital also shows real-time value through more accurate spending transparency, better supplier relationship management, and advanced leveraging of data and analytics. . Some would say it’s about time after years of talking about it pre-COVID.

Procurement 97

Procurement Supply Chain Efficiency Supply Chain Optimization Supply chain 97

Supply Chain Game Changer

JANUARY 19, 2022

Strategies to improve your Supply Chain article and permission to publish here provided by Claire Glassman. The supply chain is a significant part of your overall business strategy and inventory management. Improve Your Supplier Relationships. Great suppliers are reliable. Subscribe Here! Reliability.

Supply Chain Efficiency 109

Supply Chain Efficiency Agile and Lean Supply Chain Supply chain Strategy 109

SCMDOJO

OCTOBER 27, 2023

Supplier negotiation is the most critical skill in the world of procurement. Effective supplier negotiations do not limit to the best price but a mutually beneficial agreement from both the parties that can have a profound impact on the company. It is a skill that needs a strategic approach and it is not something anyone can do.

Supplier negotiation 88

Supplier negotiation Negotiation Suppliers Supply Chain Efficiency 88

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

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. Perceptions of procurement as a bureaucratic or administrative function rather than a strategic partner.

Influencing 105

Influencing Procurement Cost of ownership Supplier relationship management 105

Una

MARCH 30, 2023

The truth is, sourcing heroes can do more to shift stakeholder and supplier mindsets about the value the profession can bring to the organization. The truth is, sourcing heroes can do more to shift stakeholder and supplier mindsets about the value the profession can bring to the organization. Wait – so we shouldn’t focus on cost?

Procurement 104

Procurement Supply Chain Efficiency Procurement team Sustainability 104

Una

JANUARY 24, 2024

He shared his perspective on how to successfully manage suppliers and stakeholders in highly complex sourcing environments, and how the lessons he has learned along the way are informing his MBA research into improving procurement processes in the automotive industry.

supply chain software solutions 52

supply chain software solutions Supply Chain Optimization Innovation Procurement 52

SCMDOJO

JUNE 21, 2023

SCaaS is a technology-driven approach to managing supply chains, offering comprehensive end-to-end solutions for businesses. SCaaS offers a strategic impact on business. SCaaS will guide companies to achieve strategic value by improving Manufacturing as a Service, Fulfillment as a Service, and Warehousing as a Service.

Supply Chain Optimization 89

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 89

SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. By the end of this article, you’ll be equipped with the knowledge to seamlessly integrate procurement synonyms into your professional toolkit, ensuring that you convey your messages with precision and clarity.

Procurement 97

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

Una

NOVEMBER 29, 2023

Utilizing a GPO to manage some of the more time-consuming activities can help save you more money, time, and effort. Supplier relationship management Dedicate time to nurturing and strengthening relationships with your key suppliers. Things you can do while a GPO works behind the scenes And what about you?

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supplier relationship management Strategic sourcing 52

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. They provide guidance on optimizing the sourcing process, enhancing supplier relationships, and leveraging procurement as a strategic function that adds value to the business.

Leadership 52

Leadership Procurement Ethics Supply Chain Optimization 52

Empowering CPO

JULY 17, 2023

In today’s hyper-competitive business environment, effective procurement is more than a necessary process – it’s a strategic function that can deliver significant value and competitive advantage. We are a dedicated procurement services company that specializes in delivering tailor-made managed procurement solutions.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Supply Chain Optimization 52

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

To succeed in this field, procurement professionals must possess a variety of competencies, ranging from negotiation and supplier management to risk assessment and financial analysis. Strategically measure purchasing performance Strategic measurement of purchasing performance is critical for any procurement department to succeed.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

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

MARCH 14, 2023

As Investopedia explains, “intrapreneurs may not face the outsized risks or reap the personal rewards of an entrepreneur, but they have access to the resources and capabilities of an established company.” They are resilient and able to learn from failure , adapting and improving their approach as needed.

Procurement 97

Procurement Purchasing Innovation Risk 97

Una

AUGUST 9, 2023

How to Accelerate Savings in Procurement Without Cutting Corners Strategies showing how to accelerate savings in procurement without compromising product quality, integrity, or effectiveness. These may include poor-quality products, unethical suppliers, or even legal and compliance issues. Your objective? Did you know?

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

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! Clear communication about your strategy is essential.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Ethics 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

SCMDOJO

APRIL 4, 2023

By harnessing the power of data and analytics, companies can uncover valuable insights into their supply chain processes, pinpoint areas in need of improvement, and make informed decisions that can boost their bottom line. What is the Difference Between Supply Chain Analytics and Supply Chain Management?

Supply Chain Analytics 110

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

Una

NOVEMBER 2, 2023

Working With a GPO Makes You More Effective in Your Role Explore how working with a GPO will not only make your job easier, but help elevate you to become truly great at your profession. Here’s how. Instead, a GPO complements your skills and expertise by providing access to a network of suppliers and negotiated discounts.

Negotiation 52

Negotiation Purchasing Strategic sourcing Strategic sourcing 52

Empowering CPO

JULY 5, 2023

Introduction Welcome to our exploration of a fascinating convergence shaping the future of business operations: the intersection of technology and managed procurement services. Before we dive in, let’s first set the stage by discussing EmpoweringCPO, a leader in the field of managed procurement services.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Real-time Visibility 52

Una

SEPTEMBER 11, 2023

How to Convince Your Boss You Should Work With a GPO How to overcome common stakeholder concerns and convince your boss you should work with a GPO to drive more cost savings and value. As a company, we can choose which categories and products would benefit most from leveraging the GPO’s supplier agreements.”

Real-time Visibility 52

Real-time Visibility Purchasing Suppliers Supplier relationship management 52

Una

JUNE 27, 2023

The first 30 days in a procurement role In this article, we outline some key objectives you should aim to achieve during this critical period to pave the way for long-term success. Treat this as a springboard to dive deeper into understanding the organization and the relationships you will need to build.

Procurement 52

Procurement Collaboration Suppliers Procurement team 52

Una

OCTOBER 12, 2023

Understanding Offshoring, Onshoring, Nearshoring, and Rightshoring in Procurement Explore the nuances between offshoring and other approaches to procurement and how each one can impact the bottom line, supply chain resilience and overall strategic objectives. Offshoring Offshoring is the opposite of onshoring.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply chain resilience supply chain budgeting 52