Una

NOVEMBER 2, 2023

One such readily available tool is (you guessed it): group purchasing. Working with a GPO In our many conversations with procurement professionals, we’ve often encountered a concern that partnering with a group purchasing organization (GPO) will somehow make the individual less effective at their job. Here’s how.

Negotiation 52

Negotiation Purchasing Strategic sourcing Strategic sourcing 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. By Hugo Britt | January 2, 2024 Search Search It’s the start of a brand new year! Here are some tips for making resolutions that will stick.

Procurement 52

Procurement supply chain software solutions Contract Suppliers 52

Una

JULY 19, 2022

We all know different purchasing scenarios will require us to follow certain processes or have criteria that needs to be met. Developing a comprehensive procurement strategy ensures there is a vision for the sourcing function in place, helps guide procurement professionals through the decision making process, and clearly defines goals.

Procurement strategies 98

Procurement strategies Strategy Procurement Supplier relationship management 98

Una

APRIL 25, 2023

Here are some of the factors that cause time constraints in procurement: Increased complexity The globalization of markets and the expansion of the supply chain bring cost benefits, but have also led to an increase in the volume and complexity of procurement activities. Why does there never seem to be enough time in procurement?

Procurement 94

Procurement supply chain budgeting Supply Chain Efficiency Contract 94

Una

JANUARY 9, 2023

5 steps to take when managing tail spend to avoid making purchases within an organization that go underutilized or unused. Tail spend refers to an organization’s high-volume, low-value transactions that are typically unmanaged by the procurement team. Managing Tail Spend to Avoid "Porcelain Dalmatians".

Management 97

Management Spend management Purchasing Procurement team 97

IBM Supply Chain Blog

APRIL 22, 2024

This Earth Day, we are calling for action to conserve our scarcest resource: the planet. To drive real change, it’s crucial for individuals, industries, organizations and governments to work together, using data and technology to uncover new opportunities that will help advance sustainability initiatives across the globe.

Sustainability 85

Sustainability Data Sourcing Strategy 85

Una

NOVEMBER 9, 2022

The procurement cycle begins at the point when you realize your organization needs to procure goods or services from an external supplier. Clearly defining these needs will enable your team to make better and more informed buying decisions and drive cost efficiencies throughout your organization. By Hugo Britt | November 10, 2022.

Procurement 98

Procurement supply chain budgeting Purchase orders Market analysis 98

Pipefy

JANUARY 30, 2024

Because procure-to-pay teams lacking business agility, internal resources, or adequate tools are hungry for solutions that can help them streamline operations, increase strategic influence, gain spend control, innovate sourcing streams, improve efficiency, and increase time for more “high-value” work. billion by 2028.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Supply Chain Efficiency Supply Chain Optimization 52

Una

AUGUST 9, 2022

How to Use Group Purchasing as a Cost Reduction Strategy. Organizations in every state, however, are still faced with challenges related to ongoing supply chain disruptions and skyrocketing inflation, both byproducts of an unprecedented black swan event. By Mackenzie Oakley | August 9, 2022. in April 2020. in April 2020.

Purchasing 96

Purchasing Strategy supply chain budgeting Procurement team 96

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. A study by Hackett Group revealed that organizations using category management in procurement experienced a 7% increase in revenue and a 10% reduction in costs.

Category management 52

Category management Management Procurement Supplier relationship management 52

The Thomas Blog

MARCH 21, 2024

Lead scoring is a strategy used by sales and marketing teams to prioritize sales prospects according to the potential value they offer to the organization. By combining these data types, you create a composite score that predicts how likely each lead is to purchase. What Is Lead Scoring?

Data 98

Data Purchasing Strategy Quality 98

Una

APRIL 11, 2023

By Eric Edwards | April 11, 2023 Search In the world of business software applications, few are bigger and more expansive than enterprise resource planning applications, also known as “ERP” systems. This helps to ensure that everyone in the organization is working with the same up-to-date information.

supply chain software solutions 98

supply chain software solutions Real-time Visibility Supply Chain Efficiency Raw materials 98

Una

OCTOBER 9, 2023

How to Implement a Strategic Sourcing Process A play-by-play manual showing how to implement a strategic sourcing process that aligns with your organization’s goals, optimizes spend, and creates long-term value. It's not just about transactions; it's about establishing partnerships that bring long term mutual benefits.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Empowering CPO

JUNE 26, 2023

This is where spend analysis steps in as a powerful tool to help healthcare organizations gain deep insights into their procurement activities. Introduction A. In healthcare, where budgets are tight and patient care is the top priority, effective spend analysis holds tremendous value.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Supplier consolidation 52

Una

NOVEMBER 30, 2022

And 50% aim to move to a business procurement-centric organization , acting as advisory consultants and business partners rather than executing routine processes. And 50% aim to move to a business procurement-centric organization , acting as advisory consultants and business partners rather than executing routine processes.

Procurement 97

Procurement Supply Chain Efficiency Supply Chain Optimization Supply chain 97

Una

OCTOBER 25, 2022

Done correctly, it can drive increased brand engagement, encourage positive word of mouth, and lead to repeat purchases. Because it’s a highly effective way of expanding the organization’s understanding of the value procurement can bring beyond cost savings. But why should procurement surprise and delight its stakeholders?

Contract 96

Contract Purchasing Procurement Negotiation 96

Empowering CPO

MAY 11, 2023

The Importance of Sustainable Procurement In today’s rapidly evolving global economy, businesses and organizations must look beyond traditional procurement practices to ensure long-term success and positive impact. Introduction A. This includes labor rights, fair trade, diversity and inclusion, and community development.

Sustainability 52

Sustainability Procurement Supply Chain Efficiency Raw materials 52

IBM Supply Chain Blog

DECEMBER 5, 2023

With the rise of highly personalized online shopping, direct-to-consumer models, and delivery services, generative AI can help retailers further unlock a host of benefits that can improve customer care, talent transformation and the performance of their applications. The impact of these investments will become evident in the coming years.

Supply Chain Efficiency 95

Supply Chain Efficiency Supply Chain Optimization Inventory Data 95

The Thomas Blog

FEBRUARY 13, 2024

There is a wide seam of advisories and information pieces that guide marketing and sales teams in planning, executing, tuning, and reviewing lead-generation efforts and expenditures. This equips organizations to assess how frequently they engage with their target audience in creating opportunities for lead generation.

Management 52

Management Budget Strategy Quality 52

Planergy

MARCH 2, 2023

Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. It’s an important part of any organization’s financial management, as it helps identify wasteful spending and uncover potential savings.

supply chain budgeting 52

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

Una

JANUARY 24, 2024

From his early days purchasing for a Croatian meatpacking plant, where he learned to be “fast, resourceful, and proactive” in the face of volatile demand and constant delays, to his current role at the forefront of automotive innovation, Robert has navigated the a dizzying range of complexities.

supply chain software solutions 52

supply chain software solutions Supply Chain Optimization Innovation Procurement 52

Supply Chain Game Changer

DECEMBER 23, 2021

Content Marketing Strategy – The Decisive Guide! Justin Chan is the growth manager for JuneShine , a beverage company offering organic, hard kombucha in a variety of flavors. Offering free products provides two key benefits to a company going this route. This method negates any net loss as purchases are required.”.

Strategy 94

Strategy Agile and Lean Supply Chain Influencing Purchasing 94

The Thomas Blog

JANUARY 5, 2024

A prospect is any individual or organization that’s a good fit for and can benefit from your solution. A prospect is any individual or organization that’s a good fit for and can benefit from your solution. Lead prospecting. Image Credit: Shutterstock.com/Ivelin Radkov What Is a Prospect?

Strategy 52

Strategy Buyers Real-time Visibility Data 52

The Thomas Blog

JANUARY 16, 2024

It involves a series of actions taken to nurture and guide leads through the sales funnel, with the ultimate goal of converting them into booked sales. It involves a series of actions taken to nurture and guide leads through the sales funnel, with the ultimate goal of converting them into booked sales. Lead follow up.

Purchasing 40

Purchasing Buyers Data Import 40

SCMDOJO

JULY 3, 2023

In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. But how do you get started? Do not worry!

Cost of ownership 78

Cost of ownership Procurement Category management supply chain software solutions 78

Planergy

SEPTEMBER 20, 2023

Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. How to gain visibility and control of your indirect spend. How to report and analyze indirect spend to identify savings opportunities. How Do You Manage a Company’s Travel?

Management 52

Management Real-time Visibility Budget Spend management 52

Pipefy

JULY 12, 2023

This guide explores back office functions, business process outsourcing (BPO) , and back office processes that can be streamlined for efficiency. This guide explores back office functions, business process outsourcing (BPO) , and back office processes that can be streamlined for efficiency. Together, both drive business value.

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility Agile and Lean Supply Chain supply chain software solutions 52

Planergy

JULY 5, 2022

Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. Leading organizations are already reaping the benefits from their efforts. Excelling in DSG reduces transition risk by helping organizations stay ahead of changes in regulation and stakeholder sentiment.

Sustainability 52

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

Planergy

DECEMBER 22, 2022

Environmental, social and governance (ESG) criteria measure an organization or corporation’s sustainability and societal impact. It includes things like reducing climate risk, emissions reduction, resource conservation, and renewable energy use to help address climate change. Cristian Maradiaga. King Ocean. Book a Live Demo.

Data 52

Data Strategy Sustainability Ethics 52

Positive Purchasing

JULY 26, 2023

Jonathan O’Brien , CEO of Positive Purchasing , author, and global procurement thought leader, outlines an effective approach to creating a road map for embedding a sustainable procurement initiative in your business. I am not going to catalogue all the reasons why embedding effective sustainability in an organization is so vital.

Sustainability 52

Sustainability Procurement supply chain budgeting Supply Chain Efficiency 52

Empowering CPO

JUNE 14, 2023

It’s no longer about simply obtaining goods and services at the lowest cost, but also about adding value to the organization, reducing risks, enhancing sustainability, and promoting social responsibility. Purpose of the Blog Post This blog post will serve as your guide to innovative procurement models. Introduction A.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Supply Chain Game Changer

NOVEMBER 26, 2022

Here we present our Oilfields guide to Oil Field services. This circumstance can benefit from oil and gas solutions. Why Solids Control is a Game Changer for the Oil Industry! The need for oil and gas on a global scale has grown during the last few decades. Oil Field Services and what they are. From USD 135.1 The Oil and Gas Industry.

Supply Chain Efficiency 70

Supply Chain Efficiency Price Quantity Supply Chain Optimization 70

SPLC (Sustainable Purchasing Leadership Council)

MAY 29, 2019

Sustainable Purchasing Leaders Recognized in Portland. Leading organizations acknowledged for effective and impactful sustainable purchasing. The awards and awardees include: Leadership Award for Overall Sustainable Purchasing Program: . FOR IMMEDIATE RELEASE May 22, 2019.

Leadership 40

Leadership Purchasing Sustainability Supply Chain Efficiency 40

Empowering CPO

JUNE 27, 2023

Introduction Overview of Spend Analysis and Its Significance in Procurement In today’s competitive business landscape, effective procurement strategies play a vital role in the success of organizations. With our expertise and dedication, we provide top-notch spend analysis services to empower procurement professionals and organizations.

Real-time Visibility 40

Real-time Visibility Supply Chain Optimization Data Suppliers 40

SupplyShift

NOVEMBER 12, 2021

Luckily, as we learned during the Summit, there are already a plethora of industry groups and collaborations working together to build more equitable, resilient supply chains. The coalition, which saw Pepsico and McCormick join for season 1, provides suppliers with tools and resources to develop their own climate action plans.

supply chain budgeting 52

supply chain budgeting Sustainability Supply Chain Efficiency Supply chain 52

SupplyShift

NOVEMBER 12, 2021

Luckily, as we learned during the Summit, there are already a plethora of industry groups and collaborations working together to build more equitable, resilient supply chains. . The coalition, which saw Pepsico and McCormick join for season 1, provides suppliers with tools and resources to develop their own climate action plans. .

supply chain budgeting 52

supply chain budgeting Sustainability Supply Chain Efficiency Supply chain 52

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. 10 Benefits of a Group Purchasing Organization. 10 Benefits of a Group Purchasing Organization.

Purchasing 92

Purchasing Category management Real-time Visibility Supply Chain Efficiency 92