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. Today’s competitive business landscape demands cost optimization tools that significantly move the needle.

Cost optimization 69

Cost optimization Cost of ownership Procurement Strategy 69

Procurement Tactics

DECEMBER 6, 2022

In this article, we will discuss what spend management is. After reading this article, you will gain a deeper understanding of what spend management is. After reading this article, you will gain a deeper understanding of what spend management is. Ultimate Supplier Plotting Checklist 2022. What is Spend Management?

Spend management 172

Spend management Management Real-time Visibility Budget 172

Una

SEPTEMBER 11, 2023

Convincing your boss you should be working with a group purchasing organization In this article, we explore some common reasons your boss might hesitate to work with a third party like Una, and equip you with some compelling rebuttals to help get them on board. There’s only one thing standing in your way – your boss.

Real-time Visibility 52

Real-time Visibility Purchasing Suppliers Supplier relationship management 52

Una

JULY 3, 2023

Strategic (and actionable) vision Sure, any senior leader can have a vision, but it takes domain knowledge and experience to understand how to translate this vision into procurement action. This shouldn’t be surprising, as procurement professionals often find themselves dealing directly with a suppliers’ CEO.

Leadership 52

Leadership Procurement Ethics Supply Chain Optimization 52

Procurement Software

MARCH 12, 2024

I suspect there will be a lot of challenges from information security (IS) and legal departments. However, it’s proven ability to cut down the time and resources needed to complete many everyday tasks is not to be underestimated. How is machine learning different from Generative AI? AI is not going to just go away.

Procurement 52

Procurement Category management supply chain software solutions Data 52

Una

SEPTEMBER 5, 2023

Everything must be taken into consideration, from your needs as a business and how well that partner matches your core values, to the risks associated with bringing in an outsider to help you reach your goals. We also know that procurement teams are oftentimes understaffed and missing the resources they need to maximize their efforts.

Risk 52

Risk Purchasing Procurement strategies Contract 52

Una

NOVEMBER 13, 2023

By Hugo Britt | November 16, 2023 Search Search Negotiating with larger suppliers when you’re a smaller business can sometimes feel like going into a battle with a toothpick against a tank. For reasons beyond your control, you need to deal with a gigantic supplier. This supplier has resources on steroids.

Negotiation 52

Negotiation Purchasing Price Suppliers 52

Claritum

AUGUST 4, 2020

Read the article at claritum.com. The variables and complexities of purchasing products and services, from basic supplies through to strategic purchases, make Procurement a key. resource within the business. Read the article at claritum.com. is to move Procurement away from being a transactional based.

Procurement 41

Procurement Procurement team Supply Chain Efficiency Purchasing 41

Claritum

NOVEMBER 16, 2018

Claritum Article - Procurement Blog. Focus Procurement on supplier optimisation. The variables and complexities of purchasing products and services, from basic supplies through to strategic purchases, make Procurement a key resource within the business. Introduction. Remove the noise. Address Procurement Strategy.

Procurement 69

Procurement Procurement team Supply Chain Efficiency Purchasing 69

Supply Chain Trend

DECEMBER 22, 2023

The IBP paradigm has hardly changed for 30 years, the decision needle has not moved enough. Many which I’ve highlighted over the years in blogs and articles. We will decide and response faster in our supply chain and make higher quality operational and strategic decisions. See below slide from one of my webinars.

Supply Chain Efficiency 78

Supply Chain Efficiency Supply Chain Optimization Quality supply chain budgeting 78

Empowering CPO

JUNE 23, 2023

It’s a strategic move that many businesses, from start-ups to global conglomerates, are adopting to stay ahead of the game. It’s a strategic move that many businesses, from start-ups to global conglomerates, are adopting to stay ahead of the game.

Data 52

Data Procurement Purchase orders Suppliers 52

Empowering CPO

JUNE 26, 2023

By embracing these trends, businesses can unlock a world of opportunities, drive cost savings, enhance supplier relationships, and ultimately achieve procurement excellence. At EmpoweringCPO, we believe that knowledge is power. Let’s embark on this informative and enlightening journey together.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Collaboration 40

Planergy

SEPTEMBER 6, 2022

Download a free copy of "Preparing Your AP Department For The Future", to learn: How to transition from paper and excel to eInvoicing. How AP can improve relationships with your key suppliers. How to Create an Agile Finance Function The definition of agile is the ability to move quickly and easily. Cristian Maradiaga.

Collaboration 52

Collaboration Risk Management Import 52

Claritum

SEPTEMBER 27, 2018

Claritum Article - Procurement Blog. This article looks at some of the key differences between For Profit (FP) and Not for Profit organisations (NfP). Looking at the fundamental differences between the organisations in context of those things that could influence supplier selection. Introduction. Goals and Motivations.

Supply Chain Efficiency 36

Supply Chain Efficiency supply chain budgeting Procurement Ethics 36

Procurement Templates

JANUARY 17, 2024

You are required to build relationships. Back in 1985 HBR wrote an article below: Scene 1: The executive committee meeting ends at 5:30 p.m. They want to build and maintain lasting—and profitable—relationships with their customers. Evidence of up to date internal management information availability. SMT) level.

Demand 130

Demand Management Buyers Purchasing 130

Una

MAY 2, 2023

Like the anthropomorphic dog in the This is Fine meme , they’ve been denying the need to get to grips with their business spend despite a conflagration consisting of out-of-control costs, spiraling regulatory risk, and messy supplier relationships. And with limited resources, what should that function tackle first?

supply chain software solutions 78

supply chain software solutions Procurement Risk Sourcing 78

Una

AUGUST 30, 2022

For old-school procurement professionals , going digital may simply mean moving away from paper-based processes. 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).

Procurement 98

Procurement e2e Supplier relationship management Real-time Visibility 98

Claritum

OCTOBER 12, 2018

Claritum Article - Procurement Blog. Procurement has to move away from a transaction based function and become an advisory resource. This change of emphasis, and the move away from the traditional transaction based order processing role of the Procurement Function, is occurring across all industries.

Procurement 47

Procurement Eprocurement Category management Purchasing 47

Planergy

DECEMBER 15, 2022

Download a free copy of "Preparing Your AP Department For The Future", to learn: How to transition from paper and excel to eInvoicing. How AP can improve relationships with your key suppliers. Each GL account can have a series of subledgers to further break down transactions for financial reports. Cristian Maradiaga.

Import 52

Import Purchasing Inventory Management 52

Procurement Software

MARCH 5, 2024

There are so many, in fact, that we expanded our article to include 25 of them. What started out as a top 10 article quickly became obvious that we needed to cover more! It directs incoming requisitions and queries to the appropriate resources based on specific metrics. Hot diggity dawg! US procurement startups are killing it.

Real-time Visibility 52

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

Procurement Software

JULY 18, 2023

Yes, it’s probably true that micro-businesses probably won’t see a benefit from these applications. For the sake of this article, we would consider any business below $50 million in annual revenue to be a small or medium-sized enterprise. Adam Thomas from oboloo was a guest on the podcast way back in December 2021.

Purchasing 52

Purchasing Contract Negotiation Real-time Visibility 52

Procurement Software

JULY 4, 2023

Tech can help pivot their activity from being predominantly tactical and administrative, to being a highly strategic and valued business partner. But, by eliminating a lot of tactical workload, it can free up valuable resources to concentrate on what moves the needle. Tech can’t do this on its own of course.

Supply Chain Efficiency 52

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

Claritum

MARCH 22, 2021

Essentially, the use of a cloud based system, where all the stake holders have access, improves efficiencies and means more work can be done using less time and resources. The use of email and messaging does not store critical information against a project or transactional activity and significantly increases operational overheads.

Supply Chain Efficiency 41

Supply Chain Efficiency supply chain software solutions supply chain budgeting Inventory 41

Spend Matters

NOVEMBER 6, 2023

From the early days of mechanization and automation to the digital age, technology has continuously improved efficiency and effectiveness in business operations. We will explore the evolution from automation to augmentation, highlighting the benefits of efficiency and effectiveness.

Procurement 111

Procurement Data Collaboration Purchasing 111