Procurement Software

MAY 21, 2024

But, this then begs the question, what about negotiation? Could AI replace the need for procurement professionals in negotiations? AI, procurement and supplier negotiations: where is this going? However, to assume that all negotiations will never be automated would be foolish.

Supplier negotiation 52

Supplier negotiation Negotiation Suppliers Procurement 52

ProcurePort

MAY 10, 2023

• Improved Cost Efficiency: Strategic sourcing software enables businesses to analyze and optimize their procurement processes, resulting in significant cost reductions and improved supplier negotiation outcomes.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supplier negotiation 130

Spotlight on Procurement

APRIL 29, 2020

Simon Lipscomb, Sales and Marketing Director at Efficio speaks to Greg Horgan and Tibor Sotkovszki about how to run successful supplier negotiations Key discussion points include: How to approach supplier negotiations Key to success in negotiations Long term impact of negotiations

Supplier negotiation 40

Supplier negotiation Negotiation Suppliers 40

ProcurePort

AUGUST 18, 2021

While this may sound simple, a lot of work happens in between when challenges in procure to pay process to arise including finding the right supplier, negotiating contracts, tracking supplier performance, following up on discounts, […].

Supplier negotiation 130

Supplier negotiation Procurement Negotiation Contract 130

Procurement Templates

DECEMBER 11, 2024

Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Supplier Relationship Management: Build and maintain strong supplier partnerships to ensure long-term business value. Savings can be cashable or non cashable i.e. cost avoidance.

Procurement 130

Procurement Supply Chain Efficiency Cost of ownership supply chain budgeting 130

Jaggaer

MARCH 24, 2025

Together, they enable procurement teams to move from reactive to proactive, optimizing sourcing strategies, improving supplier negotiations, and ensuring more accurate, real-time decision-making. Predictive AI, on the other hand, uses historical data to forecast potential disruptions, price changes, and supply chain risks.

Procurement 52

Procurement Supply Chain Optimization Real-time Visibility supply chain budgeting 52

Procurement Tactics

FEBRUARY 19, 2023

ChatGPT can help procurement professionals by answering procurement-related questions, providing them with necessary data for their procurement, and creating quotes to send to their suppliers. Negotiation Course For Procurement Professionals You'll get a certificate after completing the course LEARN MORE Rated 9.2/10

Procurement 287

Procurement Market analysis Contract Suppliers 287

Let's Talk Supply Chain

FEBRUARY 27, 2025

Hear are some strategies to consider: Supplier Negotiations: Regularly ‍review and renegotiate contracts ‍with suppliers to secure better pricing terms. Diversification: Diversify your supplier base to spread risk and take advantage of different pricing structures.

Supply Chain Optimization 52

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

Skill Dynamics

APRIL 24, 2025

Procurement Academy Understand how tariffs affect supplier negotiations, total cost of ownership, and sourcing strategies. Content covers everything from classification and documentation to regulatory updates, designed for both experts and awareness-level learners.

Strategy 82

Strategy Agile and Lean Supply Chain Cost of ownership Supply chain 82

Procurement Insights

DECEMBER 20, 2024

Focused on Supplier Engagement: Payback comes through better negotiation outcomes, especially in high-value or high-volume procurement categories. Best Fit: Organizations aiming to reduce costs through supplier negotiations , especially those handling volatile or commodity-based procurement.

supply chain budgeting 58

supply chain budgeting Procurement Raw materials Supplier negotiation 58

Spend Matters

MARCH 25, 2025

Organizations must integrate procurement into enterprise-wide decision-making processes to foster collaboration, ensuring that procurement leaders are actively involved in budgeting, supplier negotiations and technology adoption discussions.

Stakeholder engagement 96

Stakeholder engagement Management Procurement Supply Chain Efficiency 96

Spend Matters

JULY 15, 2024

Imagine a company navigating a complex network of supplier negotiations, payment terms and cash flow management. In the realm of modern business operations, effective financial management is not just a task, it’s the heartbeat that drives growth and sustains operations.

Supplier negotiation 119

Supplier negotiation Sustainability Negotiation Networking 119

SCMDOJO

FEBRUARY 16, 2025

Keelvar Keelvar specializes in autonomous procurement and supplier negotiations, making sourcing more efficient and cost-effective. Analyzes supplier performance, market trends, and contract terms. Identifies bottlenecks and suggests alternative shipping routes. Communicates with port authorities to minimize delays.

Supply Chain Efficiency 72

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 72

SCMDOJO

FEBRUARY 21, 2025

Heres how: Diversifying the Supplier Base to Reduce Dependency Risks Implementing Risk Assessment & Contingency Planning Balancing Cost Optimization with Resilience Strengthening Supplier Relationships & Collaboration Leveraging Technology & Data-Driven Procurement What Are the Benefits of Refining Your Procurement Strategy?

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 59

Skill Dynamics

APRIL 10, 2025

Teams that understand the nuances of global trade, risk management, alternative sourcing, and supplier negotiations are better equipped to assess impact and adapt fast. A highly skilled supply chain workforce is critical to responding quickly and strategically to disruption.

Agile and Lean Supply Chain 71

Agile and Lean Supply Chain Supply chain Supply Supplier negotiation 71

ivalua

JUNE 9, 2025

This statement holds even more weight when you consider the remarkable advantages AI brings to procurement teams today: Cost Savings: AI helps reduce procurement costs by identifying spend inefficiencies, supporting dynamic pricing, and strengthening supplier negotiations.

Sourcing 130

Sourcing Procurement Real-time Visibility Procurement team 130

Procurement Foundry

AUGUST 29, 2022

A stellar negotiation strategy allows you to achieve astounding results. Procurement practitioners today have a lot on their plates. They must keep costs low without sacrificing quality. Sometimes, this can seem like mission impossible. However, some brands can achieve this cost-savings mission. for years.

Supplier negotiation 52

Supplier negotiation Negotiation Suppliers Quality 52

Procurement Insights

JUNE 14, 2025

spend analysis, supplier negotiation), while humans provide oversight, strategic judgment, and ethical governance. Symbiotic Human-AI Decision-Making Empowering Teams, Not Replacing Them: The Metaprise model positions AI agents as partners that empower human teams to act decisively, rather than as replacements or rigid overseers.

Supply Chain Optimization 52

Supply Chain Optimization Agile and Lean Supply Chain Stakeholder engagement Negotiation 52

Procurement Insights

AUGUST 27, 2023

@momalicious5 #kids #store #tantrum #embarrassing You think you’re going to embarrass me You will be mistaken ♬ original sound – Momalicious5 30

Supplier negotiation 40

Supplier negotiation Buyers Negotiation Suppliers 40

CPO Rising

FEBRUARY 3, 2023

Fridays (in 2023) means that it’s time for another CPO Rising Listicle. Each list will include a variety of procurement tips, trends, insights, research, lists, strategies, and/or recommendation designed to help procurement teams improve operations. We’ll also include a summary graphic for you to share with your team.

Supplier negotiation 52

Supplier negotiation Negotiation Suppliers Procurement team 52

Procurement Tactics

APRIL 17, 2023

Negotiation Phase Perhaps, the negotiation phase is the most challenging yet exciting part of the procurement process. In this phase, the business will negotiate its position regarding the supplies or services that it will procure from its potential supplier.

Sustainability 201

Sustainability Procurement Negotiation Bidding 201

ivalua

MAY 29, 2025

Here are some key distinctions to make between Procurement vs. Supply Chain Management: Procurement is responsible for identifying suppliers, negotiating contracts, and ensuring cost-effective, compliant purchases. It’s heavily tied to spend management, risk mitigation, and supplier performance.

Supply chain management 130

Supply chain management Supply chain management Supply Chain Efficiency Agile and Lean Supply Chain 130

Procurement Insights

JUNE 27, 2025

supplier negotiations, demand fluctuations). Agent-Based Modeling : Simulates dynamic stakeholder interactions, moving beyond static process maps used by consultancies. This allows firms like McKinsey to model: Real-world complexity (e.g., Adaptive workflows that respond to real-time changes.

Stakeholder engagement 52

Stakeholder engagement supply chain budgeting Agile and Lean Supply Chain Supplier negotiation 52

CPO Rising

JANUARY 12, 2024

Editor’s Note: Over the next few weeks on CPO Rising, we’re publishing some “best of” 2023 articles as we reflect on the year and prepare for the new year ahead. Fridays (in 2023) means that it’s time for another CPO Rising Listicle. Each list will include a variety of procurement tips, trends, […]

Supplier negotiation 52

Supplier negotiation Negotiation Suppliers Procurement 52

ivalua

MAY 30, 2025

As they receive new information, they can adjust their actions to outcomes for things like supplier negotiations, risk management, and spend analysis. On the other hand, AI agents can analyze data, detect patterns, predict outcomes, and make recommendations in real time. And they don’t require constant human intervention.

Procurement 130

Procurement Supply Chain Optimization supply chain software solutions Procurement team 130

ivalua

MAY 30, 2025

As they receive new information, they can adjust their actions to outcomes for things like supplier negotiations, risk management, and spend analysis. On the other hand, AI agents can analyze data, detect patterns, predict outcomes, and make recommendations in real time. And they don’t require constant human intervention.

Procurement 130

Procurement Supply Chain Optimization supply chain software solutions Procurement team 130

SCMDOJO

FEBRUARY 26, 2025

indicates cost inefficiency, signaling a need for supplier negotiations or alternative sourcing strategies. Example: If a company planned to procure materials worth $100,000 but ended up spending $120,000. The CPI calculation would be: CPI =100,000/120,000 = 0.83. A CPI of 0.83 Struggling to develop an appropriate procurement strategy?

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Raw materials 52

Procurement Insights

NOVEMBER 11, 2024

This adoption of ChatGPT in procurement appears to be growing alongside other applications of generative AI, as organizations increasingly incorporate AI for data synthesis, document creation, and supplier negotiation simulations.

Supplier negotiation 52

Supplier negotiation Suppliers Leadership Procurement 52

Spend Matters

JUNE 3, 2025

SCRM does not just protect against downside; it enables smarter sourcing, better supplier negotiations and higher resilience. And when tariff impacts come without warning, SCRM allows companies to move faster by using structured intelligence, i.e., not guessing.

Real-time Visibility 92

Real-time Visibility Agile and Lean Supply Chain Supply Chain Efficiency Procurement 92

Procurement Tactics

MAY 30, 2023

ChatGPT & AI in Procurement Course Unleash the power of ChatGPT & AI within procurement Duties and Responsibilities of a Procurement Manager The duties and responsibilities of a procurement manager can vary depending on the size and nature of the organization they work for.

Management 178

Management supply chain budgeting Procurement Negotiation 178

Jaggaer

JULY 2, 2020

Supplier negotiation skills are essential for anyone working in procurement. It’s become standard for companies to train their employees on negotiation tactics to get better deals from suppliers, but these skills are also useful outside of the buyer -supplier relationship. Supplier negotiation isn’t easy.

Negotiation 71

Negotiation Supplier negotiation Procurement Suppliers 71

Una

APRIL 6, 2023

Benefits realization in procurement Without monitoring contract compliance and supplier performance over time, the monetary and other benefits you worked so hard to secure throughout the supplier negotiation can be seriously eroded. What exactly is benefits realization?

Procurement 97

Procurement Supplier relationship management Supplier negotiation Contract 97

SCMDOJO

MARCH 12, 2025

Evaluating dependency levels, such as the percentage of business a supplier relies on, can determine how much leverage each side holds. Compromising negotiation is a strategy where both parties make concessions to reach a mutually acceptable solution.

Negotiation 52

Negotiation Supply Chain Efficiency Supply chain Strategy 52

Una

MARCH 6, 2023

Negotiate in areas other than pricing If a supplier negotiation has reached an impasse, this doesn’t necessarily mean it is doomed to failure. Innovative purchasing concepts Getting innovative in purchasing doesn’t necessarily mean leveraging the latest piece of technology.

Purchasing 98

Purchasing Innovation Agile and Lean Supply Chain Supplier relationship management 98

Procurement Software

JULY 6, 2025

Consider this contrast: A direct materials buyer can deliver a $1 million hard saving after one major supplier negotiation by reducing the cost of a component used in thousands of finished products.

Procurement 52

Procurement supply chain budgeting Supply Chain Efficiency Budget 52

Positive Purchasing

DECEMBER 5, 2024

The role of technology: how tech tools enhance negotiation planning, streamline processes, and support better outcomes. Preparing for negotiations: key steps during the RFX process to set up supplier negotiations for success. To dive deeper into these topics, click below to replay the full webinar recording.

Negotiation 52

Negotiation Supplier negotiation Procurement Strategic sourcing 52

Jaggaer

APRIL 9, 2025

Whether its predicting equipment failures, improving product quality, or strengthening supplier relationships, AI is helping your business work faster, smarter, and more strategically. Embracing the Future: How Manufacturing 4.0 is Transforming Industry Smart factories, real-time data, AI-powered systemsManufacturing 4.0

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility Agile and Lean Supply Chain Raw materials 52