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

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 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

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

Una

NOVEMBER 8, 2023

Read More When Supplier Negotiations Come to a Standstill Supplier negotiations can break down for several reasons so knowing how to prepare head of time, and how handle differing viewpoints is key. Explore ways to rectify the procurement talent shortage by attracting and keeping top sourcing candidates.

Procurement 52

Procurement Supplier negotiation Influencing Negotiation 52

CPO Rising

JANUARY 22, 2024

The idea that if a supplier negotiation required a contract, the negotiation should be captured electronically — and ideally — by an eSourcing tool. When I first started reading CPO Rising more than a decade ago, I remember Ardent’s founder and chief research officer, Andrew Bartolini, introducing the concept of eSourcing 2.0:

Supplier negotiation 52

Supplier negotiation Negotiation Contract Suppliers 52

Arkestro

JANUARY 9, 2024

Using a unique blend of behavioral science, game theory, data science, and automation, Arkestro redefines procurement management, tackling challenges such as time constraints, scale, and supplier negotiation.

Competitive bidding 52

Competitive bidding Procurement Supplier negotiation Bidding 52

World of Procurement blog

APRIL 23, 2024

It involves selecting suppliers, negotiating price, delivery terms, and ensuring the supply of quality goods. Supply Chain Management in Procurement Supply chain management in procurement focuses on acquiring the raw materials and components needed for manufacturing.

Supply chain management 52

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

World of Procurement blog

APRIL 23, 2024

It involves selecting suppliers, negotiating price, delivery terms, and ensuring the supply of quality goods. Supply Chain Management in Procurement Supply chain management in procurement focuses on acquiring the raw materials and components needed for manufacturing.

Supply chain management 52

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

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

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

Procurement Templates

APRIL 15, 2024

This can be beneficial in procurement when building relationships with suppliers, negotiating deals, and resolving conflicts. Communication: Good communication skills are often associated with extraversion, which can aid in conveying requirements clearly to suppliers and understanding their offerings effectively.

Influencing 130

Influencing Negotiation Risk Innovation 130

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

Finale Inventory

FEBRUARY 19, 2024

Effective returns management enables cash flow management, financial reporting accuracy, strategic decision-making and forecasting, and improved supplier negotiations. This data helps track the dynamic movement of stock, especially influenced by returns.

Inventory 105

Inventory Real-time Visibility Management Quality 105

Barkers Procurement

FEBRUARY 20, 2023

Strong supplier relationships. Building strong relationships with suppliers is an important aspect of strategic procurement. This includes identifying and evaluating potential suppliers, negotiating favourable terms, and maintaining ongoing communication and collaboration. A focus on value.

Procurement 52

Procurement Cost of ownership Supplier negotiation Quantity 52

Arkestro

OCTOBER 10, 2023

Supplier Negotiations: Natural Language Processing (NLP) streamlines supplier negotiations, answers inquiries, and facilitates communication with suppliers. Predictive Analytics: With Arkestro, procurement teams can make better, more informed decisions that save money and reduce operational costs.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 52

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

Procurement Templates

MARCH 3, 2024

Go to my page for the Sourcing Process Negotiations Conducting supplier negotiations effectively requires careful preparation, clear communication, and a collaborative approach aimed at achieving mutually beneficial outcomes.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

The Good Spending

APRIL 2, 2023

Indeed, some colleagues find it simpler to dedicate themselves to tireless supplier negotiations and measure the value creation in savings. To do that, we must establish trustful relations with budget owners, master some inventory and consumption forecasting methods, build and maintain complex SKU and price databases, and much more.

Procurement 98

Procurement Demand Planning Budget Category management 98

Skill Dynamics

NOVEMBER 17, 2022

These can take many forms, for example implementing a new process or tool that will help with supplier negotiations, being involved earlier by the stakeholder in an RFP process, or using total cost of ownership (TCO) analysis to select a supplier.

supply chain budgeting 96

supply chain budgeting Cost of ownership Supplier negotiation Supply chain 96

Una

APRIL 13, 2023

Help suppliers understand your organization’s goals and strategy by inviting them to strategy days – this will enable them to come up with innovative ways to help you meet your goals.

Suppliers 98

Suppliers Supplier relationship management Agile and Lean Supply Chain Supply Chain Optimization 98

Spend Matters

DECEMBER 28, 2023

Each of the four customers saw a huge benefit from: Cost savings from improved data processing Streamlined supplier negotiations Intelligent automation for higher efficiency Applying a tool like PPO to your procurement organization in 2024 can help your organization unlock latent potential from your data and your team.

Procurement 63

Procurement Procurement team Supply Chain Efficiency supply chain budgeting 63

Una

MARCH 23, 2023

Share on Social Facebook Twitter LinkedIn You might also like: How to Build Procurement Influence – and Why it Matters When Supplier Negotiations Come to a Standstill 9 Innovative Purchasing Concepts Subscribe to our Newsletter The post Improving Time-to-Source in Procurement appeared first on Una.

Sourcing 98

Sourcing Procurement Procurement team Contract 98

Una

APRIL 25, 2023

Una members gain instant access to over 5,000 pre-negotiated contracts with some of the best supplier partners in the country. This allows members to save valuable time by bypassing lengthy and complex RFP processes, supplier negotiations, and contract development.

Procurement 94

Procurement supply chain budgeting Supply Chain Efficiency Contract 94

Una

JUNE 1, 2023

How to Improve Procurement Efficiency How to Improve the Procurement Process & Increase Cost Savings How to Put Sustainability at the Center of Your Procurement Strategy Become a negotiation guru through procurement One of the most exciting aspects of procurement is the art of negotiation.

Procurement 98

Procurement supply chain budgeting Sustainability Negotiation 98

Arkestro

JUNE 6, 2022

When we launched in 2017, we became the first company to use AI to automate the supplier negotiation process fully. Anyone exploring a procurement technology solution can view the top-ranking options in any of the ten featured categories. Why Arkestro Was Named Value Leader.

supply chain software solutions 52

supply chain software solutions Supplier negotiation Bidding Procurement 52

NLPA (Next Level Purchasing Association)

MARCH 16, 2023

Primary Concerns & Objectives: Ensuring procurement efficiency and effectiveness Building a reliable and sustainable supply chain Minimizing procurement costs while maintaining quality Managing supplier relationships Sub-concerns & Objectives: Developing and implementing procurement policies and procedures Identifying and selecting qualified (..)

Spend management 98

Spend management Management Procurement supply chain budgeting 98

Procurement Tactics

JUNE 28, 2023

Sourcing and contract management enables businesses to manage their sourcing activities such as choosing suppliers, negotiation, and contract management. Analytics and Reporting allow businesses to gain insight into their activities and spending patterns that aid in identifying cost-saving opportunities.

Supply Chain Efficiency 178

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

Una

MARCH 30, 2023

Share on Social Facebook Twitter LinkedIn You might also like: How to Build Procurement Influence – and Why it Matters When Supplier Negotiations Come to a Standstill 9 Innovative Purchasing Concepts Subscribe to our Newsletter The post Focusing Beyond Cost in Procurement appeared first on Una.

Procurement 104

Procurement Supply Chain Efficiency Procurement team Sustainability 104

Una

NOVEMBER 13, 2023

If the terms offered by the supplier don’t meet your minimum requirements, you can confidently walk away, knowing you have alternative options. Having a strong BATNA gives you the confidence to negotiate from a position of strength.

Negotiation 52

Negotiation Purchasing Price Suppliers 52

Una

NOVEMBER 2, 2023

Instead of being bogged down by the minutiae of procurement such as supplier negotiations and contract management, a GPO takes on these responsibilities, allowing you to allocate your time and resources where they matter most.

Negotiation 52

Negotiation Purchasing Strategic sourcing Strategic sourcing 52

IBM Supply Chain Blog

DECEMBER 13, 2023

The strategy should outline and provide specific guidance for performing the steps of the procurement process, which often include: Identifying needs of the business Sourcing potential suppliers Negotiating contracts Managing relationships with the suppliers Maintaining records of every step The strategy used to guide these steps can differ from organization (..)

Procurement strategies 69

Procurement strategies Strategy Procurement Supply Chain Efficiency 69

Arkestro

JULY 11, 2022

Today, with Arkestro’s help, insightful visibility into our overall diverse supplier spend helps us be more intentional with selecting our suppliers – for example, identifying minority, small, Black, LGBTQX, or veteran-owned businesses – then back it up with a procurement process that advocates and promotes diverse suppliers.”.

Suppliers 52

Suppliers Real-time Visibility Procurement Supply Chain Efficiency 52

Empowering CPO

JULY 17, 2023

Strategic Sourcing : Identifying optimal suppliers, negotiating contracts, and nurturing long-term relationships. Supplier Management: Monitoring supplier performance, ensuring contract compliance, and fostering robust relationships.

Procurement 52

Procurement Supply Chain Optimization Supply Chain Efficiency Strategic sourcing 52

Una

AUGUST 31, 2023

This constraint can hinder their ability to analyze spend data, discover suppliers, negotiate favorable terms, and find cost savings. Supplier diversity Maintaining a diverse supplier base is important in terms of risk mitigation and ESG.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supplier relationship management 52

Una

NOVEMBER 1, 2022

Investing in procurement technology , team training, and supplier relationship management will have greater rewards than short-term selections based on the lowest price or aggressive supplier negotiations.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98