Una

JANUARY 31, 2024

Top Tips for Successful Sourcing From Overseas Suppliers in 2024 Get valuable insights into communication and cultural awareness and explore tips for successfully sourcing from overseas suppliers this year. As Chris says, “You have to be aware of the cultural differences – because they always pop up.”

Sourcing 52

Sourcing Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Procurement Tactics

JUNE 7, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Purchase Price Variance — Everything You Should Know Purchase price variance is an important factor for budget preparation, but why? CERTIFICATE COURSES Related courses about this subject 1.

Price 130

Price Purchasing Raw materials Negotiation 130

Una

NOVEMBER 29, 2023

Supplier relationship management Dedicate time to nurturing and strengthening relationships with your key suppliers. Strategic sourcing Invest in strategic sourcing by thoroughly analyzing your organization’s procurement needs and identifying opportunities for cost savings, quality improvements, and risk mitigation.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supplier relationship management Strategic sourcing 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

Planergy

JANUARY 26, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The best way to minimize disruption is to identify the various supplier risks and create a plan of action for what to do if the risk becomes a reality.

Risk 52

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

Planergy

JANUARY 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Supplier Tiers: What’s The Difference Between Tier 1, Tier 2, and Tier 3. Best Practices & Tips Business Process Management (BPM) Supplier Relationship Management. What is Supplier Tiering?

Suppliers 52

Suppliers Supply Chain Efficiency Raw materials supply chain budgeting 52

Procurement Tactics

MAY 24, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Vendor Scorecards — Everything You Should Know Vendor scorecards simplify vendor management and are an important factor in monitoring supplier performance. However, what is it? What Are Vendor Scorecards?

Supply Chain Efficiency 186

Supply Chain Efficiency Vendor management Negotiation Quality 186

Procurement Tactics

JUNE 28, 2023

It typically looks for details such as supplier information, item descriptions, quantities, prices, or arrival dates. Supplier Performance The quality, timeliness, and adherence to contractual commitments of suppliers shall be monitored. This approach promotes efficiency throughout the whole procurement process.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Procurement Tactics

AUGUST 23, 2022

Or receive our famous weekly newsletter. Contract management, also known as contract lifecycle management, in the field of procurement refers to the handling of end-to-end contracting with the suppliers and other third parties of an organization. . Enhancing strategic sourcing through data analysis. First Name.

Contract management 130

Contract management Contract supply chain software solutions Management 130

Planergy

JULY 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. ESG In Supply Chain: Creating a Sustainable Value Chain. ESG In Supply Chain: Creating a Sustainable Value Chain We all know just how valuable the supply chain is. Written by.

Sustainability 52

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

Una

JANUARY 17, 2024

A treasure trove of pre-negotiated contracts Picture this – you have access to over 2,000 pre-negotiated contracts offering deep discounts with top suppliers. That’s value that extends far beyond immediate cost-cutting measures, offering a sense of financial security that is, in itself, a strategic advantage.

Negotiation 52

Negotiation Purchasing Strategic sourcing Strategic sourcing 52

Una

JANUARY 1, 2024

Survey all stakeholders, including your own team, end-users of your procurement systems, your suppliers, heads of other functions, and your leadership team. Check if the survey results confirm or contradict other sources of information. Make a resolution to: Simplify any complex processes that may be discouraging to diverse suppliers.

Procurement 52

Procurement supply chain software solutions Contract Suppliers 52

Planergy

MARCH 2, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The process of tail spend analysis involves analyzing data from various sources, including supplier invoices, purchase orders, contracts, and other financial documents. This can make it difficult to track and manage.

supply chain budgeting 52

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

Planergy

JANUARY 19, 2024

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. That’s why vendor analysis is essential to any successful procurement process – it helps ensure that companies procure from reliable suppliers at competitive prices while adhering to applicable regulations.

Vendor management 52

Vendor management Suppliers Quality Supply Chain Efficiency 52

Una

OCTOBER 26, 2023

Several studies have shown that consumers value and are willing to pay for traceability , and are likely to take traceability as a given in future as more companies leverage their supply chain data. This includes quantifying environmental impacts, evaluating supply chain risks, and tracking progress towards ESG goals.

Management 52

Management Procurement Supply Chain Efficiency Stakeholder engagement 52

Planergy

OCTOBER 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Sourcing Supply Chain Management. An ROI, also called an Expression of Interest or EOI, is not a solicitation for bids but a way for organizations to gauge interest from potential suppliers. Written by.

Buyers 52

Buyers Supply Chain Efficiency Suppliers Price 52

Planergy

JANUARY 19, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Class B: These purchases account for 15% of the total cost of purchases for 30% of suppliers. Class C: Tail Spend: These purchases account for 5% of your total cost of the purchases for 50% of your suppliers.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

The Procuretech Podcast

MAY 3, 2022

Given the current supply chain crisis and geopolitical instability, what better time to speak to a guest from a unique eSourcing solution? He explains a win/win situation here - with both buyers and suppliers benefiting from richer, more detailed data. Optimising spot sourcing, as opposed to long-term tenders.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Bidding Sourcing supply chain software solutions 52

Planergy

DECEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Additionally, marketing procurement often requires a higher level of negotiation skills, as it is often necessary to negotiate better terms with suppliers to get the best possible price for the goods and services being procured.

Procurement 52

Procurement Raw materials supply chain budgeting supply chain software solutions 52

Planergy

OCTOBER 26, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. That’s because the faster a company is able to transform materials and suppliers into a finished product ready for sale, the more efficiently they’re operating, and the quicker cash flow can be generated.

Inventory 52

Inventory Supply Chain Efficiency Purchasing supply chain software solutions 52

Una

JULY 25, 2023

7 Supplier KPIs You Should Be Monitoring What are supplier KPIs? This article explores the importance of monitoring supplier KPIs and why having them in place is key for reducing costs and improving your bottom line. How often should you be reviewing supplier performance? Why do we even need them? What’s in it for us?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Procurement Category management 52

Procurement Tactics

JULY 14, 2022

Or receive our famous weekly newsletter. These include strategic planning, supplier collaboration, implementing best practices , strategic sourcing , and negotiation. . It works by utilizing an extensive database of dependable suppliers that have great performance records. . Provides supply chain management.

Procurement 130

Procurement Supply Chain Efficiency Negotiation Strategic planning 130

Planergy

NOVEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Supplier Consolidation: What It Is, Benefits, and Risks. Best Practices & Tips Strategic Sourcing Supplier Relationship Management. But what exactly is supplier consolidation? Written by.

Supplier consolidation 52

Supplier consolidation Risk Suppliers supply chain budgeting 52

SCMDOJO

APRIL 3, 2022

They are far more convenient than conventional discussions and negotiations, providing procedural integrity and transparency while also lowering final prices owing to enhanced supplier competitiveness. Introduction to Strategic Sourcing. . Suppliers’ risk is decreased because they have more assurance.

Supply Chain Efficiency 139

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 139

Planergy

JANUARY 18, 2024

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Catalog management in procurement is the strategic process of managing and maintaining a product catalog within an organization. External Catalogs Suppliers provide these catalogs.

Management 52

Management Procurement Supplier relationship management Real-time Visibility 52

Planergy

AUGUST 8, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It’s often tedious for many companies, as procurement involves identifying the right supplier and ensuring that goods and services meet organizational needs. How to gain visibility and control of your indirect spend.

Sourcing 52

Sourcing Suppliers Procurement Bidding 52

Planergy

SEPTEMBER 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Vertical Integration: By taking control of different stages of the production or distribution process, businesses can gain supply chain control, reduce costs, increase efficiency, and differentiate their products and services.

Supply Chain Efficiency 52

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

Planergy

JULY 21, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Services procurement is acquiring services from external vendors or suppliers to fulfill organizational needs. How to gain visibility and control of your indirect spend. What is Services Procurement?

Management 52

Management Procurement supply chain budgeting Budget 52

Una

OCTOBER 17, 2023

EPISODE 137 Using Visibility to Combat Supply Chain Abstraction with Frank Kenney By Kelly Barner | October 18, 2023 In the race to build global empires of data and digital systems, today’s businesses must not risk forgetting what all of those zeroes and ones mean.

supply chain budgeting 81

supply chain budgeting Real-time Visibility Supply Chain Efficiency Supply chain 81

Una

JANUARY 4, 2023

While cost savings is likely at the forefront of any procurement initiative, the profession continues to evolve with more focus than ever being placed on risk reduction, sustainability, strengthening supplier relationships, compliance and business continuity. Benefits of a Group Purchasing Organization.

Purchasing 92

Purchasing supply chain budgeting Procurement strategies Contract 92