Procurement Tactics

MAY 8, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter CPFR in Supply Chain — Everything You Should Know CPFR in supply chain allows both businesses and suppliers to fulfill customer demand. In this article, we will tackle what CPFR in Supply Chain is.

Supply Chain Efficiency 200

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 200

Una

MARCH 30, 2023

Pain Points in Procurement Series Focusing Beyond Cost in Procurement to Drive Value Practitioners who are focusing beyond cost in procurement are shifting stakeholder mindsets about the value the function can bring to the organization. By Hugo Britt | March 30, 2023 Search Welcome to Una’s Pain Points in Procurement series.

Procurement 104

Procurement Supply Chain Efficiency Procurement team Sustainability 104

Procurement Tactics

DECEMBER 26, 2022

In this article, we will check five procurement strategy case studies that can give you insight into strategies that they have done to streamline their processes. In this article, we will check five procurement strategy case studies that can give you insight into strategies that they have done to streamline their processes.

Procurement strategies 267

Procurement strategies Strategy Procurement Bidding 267

Procurement Tactics

SEPTEMBER 15, 2022

However, this kind of purchasing is important, especially in the supply chain. . In this article, we will talk about what sustainable purchasing is. We will discuss its importance and the benefits it can bring to your company. The Importance of Sustainability in Purchasing. Or receive our famous weekly newsletter.

Purchasing 130

Purchasing Sustainability Cost of ownership Supply Chain Efficiency 130

Procurement Tactics

SEPTEMBER 23, 2022

In this article, we will discuss how sustainability works in procurement. After you finish reading this article, you will know the importance of knowing the implementation of sustainability in your procurement and supply chain processes. Or receive our famous weekly newsletter. But how does it work and be implemented?

Sustainability 130

Sustainability Procurement Procurement strategies Supply Chain Optimization 130

Procurement Tactics

NOVEMBER 20, 2022

For this article, we will discuss what sustainable business is. We will tackle its importance and tell you how you can create your sustainable business strategy. Once you are done reading this article, you will know the significance of why many companies embrace sustainability. The Importance of Sustainability in Business.

Sustainability 147

Sustainability Ethics Agile and Lean Supply Chain Strategy 147

Skill Dynamics

MARCH 12, 2024

In brief, strategic cost management is implementing effective cost optimization strategies that lead to improved profitability, operational efficiency, and resource allocation. It’s about more than just cutting expenses; it’s about making strategic decisions that drive sustainable growth and create value.

Cost optimization 69

Cost optimization Cost of ownership Procurement Strategy 69

Procurement Tactics

NOVEMBER 21, 2022

This article will discuss to you what corporate social responsibility is. We will tell you the importance and types of corporate social responsibility. Once you are done reading this article, you will have in-depth knowledge about corporate social responsibility. But what is it? . There are many ways a company can embrace CSR.

Ethics 209

Ethics Sustainability Import Supply Chain Efficiency 209

Procurement Tactics

JULY 23, 2023

For this article, we are going to discuss what Kaizen is and the 5s that are under it. Once you are done reading this article, you will have an in-depth knowledge of Kaizen, enabling you to promote continuous improvements in your operations. However, what is it and how can it be applied in procurement ? What is Kaizen?

Agile and Lean Supply Chain 196

Agile and Lean Supply Chain Supply Chain Efficiency Procurement team Quality 196

Procurement Tactics

AUGUST 19, 2022

For this article, we will discuss what the best practices in vendor management are. After reading this article, you will be able to manage the organization well through the best practices tips that we shared with you. You will also know how important vendor management is for the organization to manage its suppliers. .

Vendor management 130

Vendor management Management e2e Negotiation 130

Procurement Tactics

DECEMBER 6, 2022

Spend management is an important process to reduce losses and mistakes. 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. Or receive our famous weekly newsletter. Spend Management — The Ultimate Guide of 2023.

Spend management 172

Spend management Management Real-time Visibility Budget 172

SCMDOJO

APRIL 29, 2024

Whether you’re a business owner, manager, or simply curious about the inner workings of the global economy, this article will provide you with a solid foundation. We’ll also delve into the importance of technology and data analytics in optimizing supply chain operations.

Supply chain management 84

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 84

Una

NOVEMBER 1, 2022

These “back-office” workers were seen primarily as clerical support, entering and tracking purchase orders and researching suppliers. 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

Una

JULY 19, 2022

A multi-faceted approach to sourcing will also do three crucial things for your organization: Minimize costs and reduce errors Maximize quality and experiences Help align procurement with the company’s overall objectives. Aligns procurement with the company's overall objectives. Minimize costs and reduce sourcing errors.

Procurement strategies 98

Procurement strategies Strategy Procurement Supplier relationship management 98

Una

DECEMBER 6, 2022

Procurement no-brainers include low-risk, high-return activities like centralizing data , paying suppliers on time, and optimizing processes. We may be biased, but we’d like to add one more important no-brainer to this list: joining a group purchasing organization (GPO). Access to deep supplier discounts? Here’s why. Lower risk?

Purchasing 98

Purchasing Procurement strategies Risk Suppliers 98

Una

MAY 16, 2024

Common Pitfalls to Avoid During the Supplier Onboarding Process Getting the supplier onboarding process right enables you to avoid unnecessary hurdles and dive headfirst into collaboration. Don't be too casual While simplicity is key, being too casual can leave your suppliers feeling like they’ve been left high and dry.

Suppliers 52

Suppliers supply chain software solutions Collaboration Supply Chain Efficiency 52

Una

SEPTEMBER 26, 2023

How to Repair Damaged Supplier Relationships Learn how to repair damaged supplier relationships by using communication, trust-building, and negotiation tactics to get back on track. Surprisingly, the breakdown of a supplier relationship can sometimes resemble a spat between the main characters of the 1990s hit series.

Suppliers 52

Suppliers Supply Chain Efficiency Negotiation Supply chain 52

NLPA (Next Level Purchasing Association)

MARCH 16, 2023

The Procurement Director and Manager are responsible for executing spend management strategies and ensuring that procurement activities are aligned with organizational objectives. Perspective 1: CEO “As the CEO, I understand the importance of Spend Management in maintaining our organization’s financial health.

Spend management 98

Spend management Management Procurement supply chain budgeting 98

NLPA (Next Level Purchasing Association)

JULY 20, 2023

To new members of a Procurement & Purchasing team, it’s important to understand the role of managing spend and its impact on organizational success. At its core, managing spend refers to the process of strategically controlling and optimizing the financial resources allocated for procurement and purchasing activities.

Management 40

Management supply chain budgeting supply chain software solutions Spend management 40

Una

NOVEMBER 27, 2023

Convincing Gen Z to Choose Procurement Learn how to capture the attention of Gen Z and convince them that procurement is a career that aligns with their values and aspirations. They recognize the importance of mental health, while being the most stressed generation in the workplace. or is that too cringe)?

Procurement 52

Procurement Procurement team Supply Chain Optimization Ethics 52

Una

NOVEMBER 14, 2022

As many companies struggled over the past three years, the pandemic became an enormous opportunity for global giant Amazon and other companies to capture a much larger share of low-value repeatable purchasing. By the 1980s, supplier competition allowed procurement organizations to focus on supplier quality and dependability.

Procurement 98

Procurement Agile and Lean Supply Chain Supply Chain Efficiency Procurement team 98

Una

AUGUST 8, 2023

Just a few of the many reasons sustainability matters in procurement include: Future-proofing the busines Sustainable practices secure resources for the future. Just a few of the many reasons sustainability matters in procurement include: Future-proofing the busines Sustainable practices secure resources for the future.

Sustainability 52

Sustainability Procurement Procurement team Procurement strategies 52

SCMDOJO

NOVEMBER 29, 2023

In this article, we will explore effective techniques for clearing the clutter and optimizing your inventory levels. Supplier Issues: Delays in the supply chain, disruptions in the production process, or unexpected increases in lead times can result in excess inventory. What Causes Excess Inventory?

Inventory 91

Inventory Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain 91

Una

APRIL 3, 2024

Procurement's Road to Victory Breaking down ways Sourcing Heroes can establish connections and create value at every juncture on procurement’s road to victory. Procurement's road to victory “Procurement’s job is to add value at every step of the way,” said Mark. Procurement is expected to create value every step of the way.

Real-time Visibility 52

Real-time Visibility Contract Procurement Project management 52

Pipefy

MAY 29, 2024

This article discusses the use of these KPIs in change management, including their role in overcoming process inconsistencies, increasing business agility, and keeping projects on track. Change is an inevitable aspect of any modern organization, requiring an effective strategy for successfully navigating tech transformations.

Change management 52

Change management Management Real-time Visibility Stakeholder engagement 52

Una

MARCH 23, 2023

Some of the reasons procurement takes a long time include: Complexity: The procurement process can be complex, involving many different steps and stakeholders, from identifying suppliers to negotiating contracts. Limited resources: If procurement teams are understaffed or have limited resources , this can slow down the procurement process.

Sourcing 98

Sourcing Procurement Procurement team Contract 98

Arkestro

JANUARY 23, 2024

Resources / Blog / What does a Procurement Manager do? The global procurement market was valued at $6.15 Procurement managers play a key role in this rapid growth, helping organizations optimize costs, negotiate favorable terms with suppliers, and ensure financial efficiency. billion in 2022, and it’s expected to grow 11.1%

supply chain budgeting 52

supply chain budgeting Management Supply Chain Optimization Procurement 52

Una

SEPTEMBER 13, 2022

Without ongoing, data-driven category strategy development, procurement professionals will struggle to drive continuous improvement and stay aligned with the business. Below, we offer some tips on developing your category strategy to make it a live document that is aligned to enterprise goals, implementable, and data-driven.

Strategy 98

Strategy Category management Risk Purchasing 98

Una

MAY 2, 2024

The One Where We Relate Taylor Swift Lyrics to Procurement Love it or hate it, lessons and lyrics alike can be related back to the poetic dance that is procurement and Taylor Swift. By Mackenzie Oakley | May 2, 2024 Search Search Its been nearly a fortnight since Taylor Swift released her newest record-breaking album, The Tortured Poets Department.

Procurement 52

Procurement Purchasing Supplier relationship management Risk 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

SCMDOJO

JUNE 21, 2023

SCaaS will guide companies to achieve strategic value by improving Manufacturing as a Service, Fulfillment as a Service, and Warehousing as a Service. In fact, an article titled ‘Supply Chain Crisis’ highlights how SCaaS transforms empty bins (aerials shelves/shelves) into cash for companies.

Supply Chain Optimization 92

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 92

Una

AUGUST 9, 2023

This article delves into strategies for accelerating speed to savings in procurement without compromising on quality, integrity, and effectiveness. These may include poor-quality products, unethical suppliers, or even legal and compliance issues. Your objective? To reach your destination faster than ever before. Did you know?

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

Supply Chain Game Changer

MAY 12, 2021

Featuring Our 12 Best Procurement Articles! New age of negotiation article and permission to publish here provided by Sam Jenks at kodiakrating.com. Sometimes negotiations are small and sometimes they hold a bit more value or impact. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

Negotiation 69

Negotiation Buyers Bidding Collaboration 69

Una

JUNE 27, 2023

The first 30 days in a procurement role In this article, we outline some key objectives you should aim to achieve during this critical period to pave the way for long-term success. But first, it’s important to understand the context of your role. Your next step is to hit the ground running and make a lasting impression.

Procurement 52

Procurement Collaboration Suppliers Procurement team 52

Empowering CPO

MAY 4, 2023

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. Introduction A. These practices range from embracing digital transformation to fostering a culture of collaboration and innovation.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

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. At this stage, it’s important to understand your budget constraints, the overall objectives of your business, and the priorities of individual departments. Compile a list of suitable suppliers.

Procurement 98

Procurement supply chain budgeting Purchase orders Market analysis 98

Supply Chain Trend

DECEMBER 22, 2023

Many which I’ve highlighted over the years in blogs and articles. In the end, IBP is a philosophy, or belief system that strives for transparency, near perfect integration and alignment, both horizontal (between functions, BUs, even companies) and vertical (between strategy, planning and execution). And we sometimes already do.

Supply Chain Efficiency 78

Supply Chain Efficiency Supply Chain Optimization Quality supply chain budgeting 78