Procurement Leaders

MARCH 25, 2024

Supply market data insights, real-time forecasting, prescriptive analytics, reactive supply chain redesign, traceability, and so on. But something he said particularly resonated – the need for CPOs to look at any AI strategy or rollout from the perspective of how procurement can bring a unique value-add to the enterprise.

Supply Chain Efficiency 189

Supply Chain Efficiency Procurement Data Supply market 189

SCMDOJO

FEBRUARY 21, 2025

Conduct a Supply Market Analysis: Use PESTEL and SWOT frameworks. Get Access Now How to Implement a Resilient Procurement Strategy? Key Steps to Follow: Assess Procurement Needs: Identify key procurement areas (Direct, Indirect, CAPEX). Select the Right Sourcing Strategy: Centralized, decentralized, or hybrid procurement models.

Supply Chain Optimization 54

Supply Chain Optimization Agile and Lean Supply Chain Supply Chain Efficiency Supply chain 54

Jaggaer

FEBRUARY 5, 2025

Assessment of the supply market (who offers what?) The assessment of supply markets is broken down, at least in large organizations that source strategically, into category management, with a category manager assessing the supply market for similar products and services sought.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

CPO Rising

FEBRUARY 23, 2024

The analysts spend hours discussing key learnings from their different market research surveys, as well as the highlights from their […] For more than a decade, Ardent Partners’ senior analyst team has gathered in Boston for a multi-day company strategy and planning meeting.

Buyers 40

Buyers Supply market Strategy Procurement 40

Procurement Leaders

JUNE 20, 2023

These are categories that cover markets that offer uniform goods or services that can be rolled out relatively easily. The business quickly sees the savings and little engagement with complex supply markets is required. Last, and most challenging, are complex indirect categories.

Procurement team 147

Procurement team Procurement Influencing Buyers 147

Jaggaer

SEPTEMBER 8, 2020

Office supplies, marketing travel, legal, direct and indirect spend should all be categorized appropriately. Categorize your spend. Whether you use UNSPSC, eClass, or your own company-specific categories, you need to be able to determine where your money is being spent. Step Six: Analyze. Analyze your spend data.

Eprocurement 123

Eprocurement Buyers Purchasing Contract 123

Spend Matters

FEBRUARY 13, 2025

Procurement later worked with Finance to evaluate the supply market, create and issue an RFP and select a leading company in this area to conduct the audit. My point, Ron concludes, is that you have to be flexible and able to adjust when the business environment requires it.

Influencing 106

Influencing Procurement supply chain budgeting e2e 106

Spend Matters

OCTOBER 11, 2022

Procurement has become a multi-functional hub for supplier discovery, contracting processes and third-party risk management — the integral guide to the opportunities and risks of global supply markets.

Procurement 98

Procurement Category management Procurement team Risk management 98

ivalua

MARCH 28, 2019

capturing and exploiting innovation from supply markets and individual suppliers becoming a top priority for organisations and therefore procurement functions.

Procurement 167

Procurement Agile and Lean Supply Chain Real-time Visibility Innovation 167

Supply Chain Brain

FEBRUARY 16, 2021

Suppleye, a business intelligence platform, recently launched a free tool to supply procurement professionals with critical supply market news.

Procurement 66

Procurement Supply market Supply 66

Procurement Insights

APRIL 25, 2025

Tariff Management Dynamic Tariff Optimization: By leveraging real-time value indicators and supply market intelligence, my frameworks enable organizations to optimize sourcing decisions and manage tariff impacts, often reducing tariff-related cost volatility by 1520%.

Supply chain resilience 52

Supply chain resilience Supply Chain Optimization supply chain budgeting Risk management 52

Spend Matters

MARCH 27, 2024

At Spend Matters, chief research officer and managing director, Pierre Mitchell, echoes that: “For procurement, Gen AI, and the technology around it, is basically a supply market like any other where the technology is used in concert with other supply markets. And as Pierre explained, AI is a supply market.

Procurement 115

Procurement Negotiation Supply Chain Efficiency Supply Chain Optimization 115

Procurement Tactics

JUNE 7, 2023

Your strategy should at least include the following: Key findings about sustainability risks and opportunities, needs, and the supply market The actions required to manage key sustainability risks The recommended demand-related approach (e.g.

Procurement strategies 171

Procurement strategies Sustainability Strategy Procurement 171

Future Purchasing

OCTOBER 4, 2022

Category management is the strategic end-to-end process for managing categories of related supplier spend that aligns business goals and requirements with supply market capability. It creates cost efficiencies across spend categories and minimises supply risks through improved supplier selection. Improvement opportunities.

Category management 59

Category management Strategic sourcing Strategic sourcing Sourcing 59

Spend Matters

SEPTEMBER 26, 2024

Understanding the types of supplier, their categories and how they collaborate and compete, the regulatory landscape; the supply market and considerations around ESG and human rights all come into play here. As well as their capabilities, we must also consider the dynamics of the risk solution landscape.

Risk management 120

Risk management Risk Management Procurement 120

Procurement Leaders

MARCH 26, 2024

To fully benefit from the innovation potential of a supplier network, buyers should ensure following conditions are in place: Strong competences in supplier / supply market scouting of the innovation potential,to bring innovative solutions from the supply base to the business.

Suppliers 130

Suppliers Product development Supply Chain Efficiency supply chain budgeting 130

ivalua

NOVEMBER 27, 2019

A process flow or framework becomes a crutch when Procurement Professionals either don’t know what else to do or don’t have enough experience with varied approaches to recognize the signals in a supply market or competitive landscape suggesting that an RFP isn’t the best way to maximize results.

Strategic sourcing 113

Strategic sourcing Strategic sourcing Sourcing Suppliers 113

ivalua

JANUARY 31, 2022

CPO’s and CFO’s will join forces to combat inflation and supply risk, supply assurance will be perceived as more important than price, convenience and customer service gaining significant popularity, and vigilance against commodity and supply market manipulation will be critical. #3.

Procurement 130

Procurement supply chain budgeting Agile and Lean Supply Chain supply chain software solutions 130

Barkers Procurement

JANUARY 8, 2023

Category management is a long-term, strategic approach to procurement in which certain employees or teams of employees are responsible for procuring specific types of items, such as IT equipment, office supplies or construction materials. Strong supply market knowledge. Below is a look at these principles in more depth.

Category management 52

Category management Management Market knowledge Stakeholder engagement 52

SCMDOJO

APRIL 26, 2023

Steps to Keep in Mind when Implementing a Category Management Strategy Know your supply market and product positioning to leverage spending and create opportunities. Well, in-depth knowledge of the supply market will inform the best category management strategy.

Category management 107

Category management Management Supplier relationship management supply chain software solutions 107

Spend Matters

MARCH 11, 2025

While the imposition of import/export tariffs on goods is nothing new, the recent spate of quid pro quo mandates is increasing complexity and uncertainty for organizations trying to navigate their impact on supply chains.

Supply Chain Optimization 83

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 83

Procurement Express

JULY 12, 2022

But to get the most out of your procurement software, you must equip your staff with the necessary knowledge and skills.

Procurement 52

Procurement Supply market Suppliers Import 52

ivalua

OCTOBER 1, 2019

The aim in the private sector must be to capture innovation from the supply markets faster and more successfully than others, to drive our competitive advantage. In the public sector, it is about finding innovation which can ultimately benefit the citizen and taxpayer. .

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain Procurement Innovation Supply Chain Efficiency 100

ivalua

MAY 18, 2022

At the same time, organizations have never been more exposed to risk from their supply chains, from supply continuity, quality, or ESG violations. To top it all off, extremely tight supply markets have further shifted negotiating leverage from buyers to suppliers. Yet, too few businesses do so well.

Suppliers 130

Suppliers Management Supply Chain Efficiency Collaboration 130

Procurement Insights

JULY 22, 2024

Threats of resource depletion and raw materials scarcity, political turbulence, and government intervention in supply markets intensified competition and accelerating technological change have ended the days of no surprises. As dozens of companies have already learned, supply and demand patterns can be upset virtually overnight.”

Raw materials 52

Raw materials Purchasing Supply market Supply management 52

Jaggaer

OCTOBER 24, 2024

Decision-makers must plan supply chain resilience strategies for a wide range of risk scenarios. These include crises such as the 2020 pandemic as well as structural changes in supply markets like the effect of domestic electric vehicle (EV) loans and subsidies on critical metals availability.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Procurement Heads

DECEMBER 16, 2022

I would tell someone not to think it is just a process, not to just worry about the technical skills, yes, they are important to learn about supply markets and about good practice and contracting, but in the end, it is a people business and with all of that you need to apply it.

Contract 130

Contract Procurement Sustainability Purchasing 130

Future Purchasing

OCTOBER 4, 2022

Supply Market Analysis : Segment the supply market and understand how current and potential suppliers serve current categories and emerging requirements. Learnings : Review learnings from previous years’ category management activities with stakeholders and use them to drive improvement.

Category management 52

Category management Collaboration Real-time Visibility Management 52

Una

NOVEMBER 7, 2022

While a supplier may not be the cheapest option on the market, they may be the most innovative and have the potential to drive much more profit over the long term than you will have saved in the short term by choosing a more affordable supplier. Run innovation workshops.

Innovation 93

Innovation Procurement Suppliers Purchasing 93

ivalua

MARCH 9, 2023

By gaining visibility into spending patterns, demand, supplier performance, and supply markets–opportunities will be uncovered. Spend under management: S2P software can help procurement teams better manage the percentage of company spend that is under contract and under management.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

Supply Chain Opz

APRIL 16, 2015

Choosing the right components can help company to respond to engineering changes more quickly (3) Adopt Postponement Strategy : postponement concept can be a bit confusing but the simplest explanation is to produce or keep stock of semi-products and assemble them into final products quickly when demand is known (4) Monitor World Economy : the change (..)

Agile and Lean Supply Chain 86

Agile and Lean Supply Chain Supply chain Raw materials Supply 86

Spend Matters

AUGUST 10, 2023

A global/regional presence with sourcing operations close to users and supply markets. Kearney is thrilled to partner with Simfoni to provide our clients with access to the most comprehensive digital procurement solutions in the market,” said Alex Liu, managing partner and chairman of Kearney.

Spend management 98

Spend management Management e2e Vendor management 98

Una

MARCH 30, 2023

Additional resource: Why Your Procurement Team Needs Supply Market Intelligence There are several areas of focus that will bring exciting new sources of value to your organization. By leveraging data and analytics, procurement can help identify trends and opportunities that can drive top-line growth.

Procurement 104

Procurement Supply Chain Efficiency Procurement team Sustainability 104

Supply Chain Game Changer

SEPTEMBER 13, 2022

The electrical supplies markets, with their global dependencies, were hit hard. As a contractor, you will need innovative strategies to navigate the resulting supply chain challenges. Such a historically fast recovery, brought on by massive stimulus injections and Federal Reserve interventions, was a complete surprise.

Price 85

Price Supply chain Supply Raw materials 85

Procurement Heads

APRIL 26, 2023

I sit in the supply-facing team, in digital and talent and specifically in the innovation team: our team drives new ways of doing procurement by digitising our ways of working, leading strategic category transformations and bringing impactful supply market insights.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Procurement Heads

APRIL 26, 2023

I sit in the supply-facing team, in digital and talent and specifically in the innovation team: our team drives new ways of doing procurement by digitising our ways of working, leading strategic category transformations and bringing impactful supply market insights.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Positive Purchasing

MAY 19, 2022

There is a tremendous opportunity to digitize and automate most, if not all, data collection: external supply market insights, internal data, perspectives from stakeholders, and other intelligence. Automating category management. All that insight is great, but what are you going to do with it?

Category management 52

Category management Management Procurement Strategy 52