Procurement Insights

APRIL 17, 2024

Perhaps a better question would be, “Who doesn’t like chocolate?” As a procurement professional, what do they tell you regarding the following: Climate Change Geopolitical instability Impact on farmers and working conditions Short, Mid, and Longer term impact on pricing Overall, do you see a pattern in any of the charts?

Procurement 61

Procurement Price Purchasing Management 61

Procurement Insights

MARCH 20, 2024

The Numbers Don’t Lie Check out the following stats, then tell me why the sales process doesn’t have to evolve or morph into something new and dramatically different: McKinsey & Company echoes this sentiment, stating that two-thirds of the buying process is now done digitally.

Procurement 76

Procurement Leadership Supply chain Buying process 76

Supply Chain Game Changer

NOVEMBER 30, 2022

This can be a great option for businesses that need capital quickly or don’t have the credit history to get a loan from a bank. But if you’re in need of quick cash and don’t have the credit history to get a loan from a bank, it could be a good option for you. There are a few perks to business factoring. Key Takeaways.

Supply chain 84

Supply chain Import Supply Management 84

Spend Matters

OCTOBER 3, 2023

The type of tech that can help is a digital solution that gives a customer a direct data connection into authorized channels in terms of stock, pricing, discounts and entitlements, in a live environment. Many organizations don’t record key pieces of data for their analysis,” he says. But that isn’t the case anymore.

Procurement 89

Procurement Purchase orders Quantity Buyers 89

Procurement Tactics

FEBRUARY 26, 2023

Conditional proposals, also known as conditional bids, are documents that limit or modify any of the terms, specifications, or requirements of the request for proposals. Asking for improved payment terms in return for a bigger order will not help in bringing your negotiation further. Conditional Proposal: What is it?

Negotiation 206

Negotiation Bidding Import Procurement 206

Supply Chain Game Changer

SEPTEMBER 7, 2022

Renting vans and vehicles for long-term use is a growing trend among companies that need to keep up with increased demand. If you haven’t already considered renting vans for your business, here are a few ways to benefit your supply chain management efforts. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

supply chain budgeting 91

supply chain budgeting Supply Chain Efficiency Supply chain Supply 91

Procurement Heads

MARCH 27, 2023

It wasn’t that I wanted to work in marketing, but I wanted to care about what I did. I went to a job agency and I actually said I want to try a variety of short-term assignments, different positions and types of companies and see where I ended up. And what is your team doing in terms of sustainable procurement?

Sustainability 130

Sustainability Agile and Lean Supply Chain Influencing Procurement 130

Procurement Templates

NOVEMBER 26, 2023

Soft skills aren’t just desirable; they’re essential for a harmonious and productive work environment. Different managers have different needs, and suppliers aren’t just faceless entities. They’re what makes a colleague approachable, a leader inspiring. Good record-keeping is a necessary skill.

Procurement 130

Procurement Influencing Negotiation Contract 130

Procurement Insights

JANUARY 22, 2024

MUSING #1 In the age of information, it’s surprising that supply chain digital transformation isn’t as readily available as one would expect. So, I put the following search term into Google, “optimizing your negotiations amidst all of the chaos?:” Have you ever wondered why?

Supply Chain Optimization 69

Supply Chain Optimization Agile and Lean Supply Chain Negotiation Supply chain 69

Supply Chain Game Changer

OCTOBER 19, 2021

Passing Fad or Long Term Strategy? While these may be short term measures it does raise the strategic question as to whether companies should in-source their logistics and continue to charter ships. If you can’t get your goods to market in the short term you will lose customers. Subscribe Here! Email Address.

Logistics 90

Logistics Risk Strategy Supply chain 90

Spend Matters

MARCH 25, 2024

This allows laypeople to negotiate lower-risk contract terms while ensuring higher-risk terms are routed to the legal department. Thus, GenAI can become your team’s copilot, standardizing how you negotiate contract terms while ensuring risks are managed within your company’s risk framework.

Procurement contracts 111

Procurement contracts Contract Procurement Negotiation 111

SCMDOJO

SEPTEMBER 18, 2023

In this comprehensive guide for 2023, we’ve compiled a list of essential procurement synonyms, shedding light on the subtle distinctions that set each term apart. Let’s delve into a world of synonymous terms, exploring how they can effectively replace ‘procurement’ while conveying the same meaning.

Procurement 98

Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 98

Procurement Heads

JULY 27, 2023

If the contractor operates independently and doesn’t form an integral part of the client’s workforce, it leans towards self-employment. Whereas employees typically have these costs covered by the employer. 5️⃣ Integration: Examines the contractor’s level of integration within the client’s organisation.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Contract Risk Supply chain 130

Procurement Software

JULY 11, 2023

The sad fact is that we often don’t seem to be natural allies. Why is it that finance and procurement aren’t watertight partners in most organisations? Why don’t Finance and Procurement work more closely together? Sure, good data won’t magically solve fractious interdepartmental relationships.

Procurement 52

Procurement Chief Procurement Officer Supply Chain Optimization supply chain software solutions 52

Procurement Insights

FEBRUARY 13, 2024

Subsequent screen shots were the result of using search terms like SPS competitors, ratings, analyst reviews etc. The search was inspired by the first picture, which was taken from a video the company posted on LinkedIn 5 Days ago. The purpose of this exercise is two-fold. 373 reviews with an average of 4.2

Buyers 65

Buyers Sourcing Suppliers 65

Procurement Heads

JUNE 14, 2023

We’ve got several suppliers who are finding it really tough at the moment, in terms of trying to balance those cost pressures. Finally, and you’ll be very familiar with this one, it is important to have expert resources and the market is still ‘hot’ in terms of procurement professionals moving around.

Sustainability 130

Sustainability Suppliers Procurement Procurement team 130

Procurement Tactics

FEBRUARY 19, 2023

Become a T-Shaped Procurement Professional Download Whitepaper →  Or receive our famous weekly newsletter How Does it Help Automate Procurement? Contract management ChatGPT can provide assistance to procurement professionals by assisting them in managing their contracts by providing information on the contract terms and conditions.

Procurement 287

Procurement Market analysis Suppliers Contract 287

Procurement Templates

OCTOBER 28, 2023

Cost-effectiveness is the most obvious, but getting to know different suppliers also means you can access quality goods and build long-term relationships that may lead to further partnerships in the future. There are numerous reasons why engaging with different suppliers is beneficial in procurement. before finalizing the deal.

Competitive bidding 130

Competitive bidding Bidding Price Suppliers 130

Una

NOVEMBER 13, 2023

Personal connections can sometimes open doors that formal business negotiations can’t. Flexibility and creativity Don’t just stick to conventional negotiating tactics. Maybe propose a different pricing structure, bundling your orders, or suggesting a longer-term contract in exchange for better rates. Be flexible.

Negotiation 52

Negotiation Purchasing Price Suppliers 52

Procurement Insights

NOVEMBER 20, 2023

I think AI is a useful approach, but I don’t think we really fully understand it yet and what it can and can’t do. I mean, there’s a co learning element there, isn’t it? They didn’t know how to read it, they didn’t know how to do that. How do you define that for someone?

Negotiation 84

Negotiation Data Procurement Supply chain 84

IBM Supply Chain Blog

MARCH 25, 2024

Most of us are familiar with the term “FOMO”, or fear of missing out. Can they trust that what’s created isn’t going to break any brand guidelines? Change isn’t linear; it requires strategic change management to deal with the transition. Can they trust the AI will operate in a secure way?

Supply Chain Optimization 105

Supply Chain Optimization Supply Chain Efficiency Supply chain Supply 105

Procurement Leaders

FEBRUARY 3, 2023

It’s the things we don’t know and the global impact.” ” This is something he attributes to his function’s long-term strategy, which encourages staff to zoom out and look at the bigger picture. “It’s the unknown, what’s it going to be next? ”

Risk 130

Risk Risk management Import Price 130

Supply Chain Game Changer

AUGUST 13, 2022

Are Long Term or Short Term Loan Periods Better? Payday lenders on the internet are rated as one of the most trustworthy firms that offer attractive terms for loans. Do not worry about it: a low credit rating isn’t a problem! The lender will take a quick decision once you have accepted the terms. Poor credit.

supply chain budgeting 90

supply chain budgeting Supply chain Import Data 90

Procurement Insights

NOVEMBER 29, 2023

We know doing these things is good for us, so why aren’t more of us doing them? I then realized that it wasn’t until the “long, hot summer of 1967” Detroit riots that supplier diversity initiatives started to gain some form of meaningful traction beyond the good intentions of 1950. It is, after all, the right thing to do.

Suppliers 63

Suppliers Agile and Lean Supply Chain Risk Import 63

Barkers Procurement

SEPTEMBER 5, 2023

They don’t issue long, official letters from the management about cost cutting. They don’t urge employees to follow cost-cutting measures. Cost transformation can improve decision-making and long-term business planning.

Demand 52

Demand Sustainability Influencing Business strategy 52

IBM Supply Chain Blog

MARCH 27, 2024

That narrative says the contributions of women in AI and technology are peripheral; but we know this isn’t true. She highlights how women don’t need to be IT experts to lead AI innovation. In fact, they are central to the innovation and continued development of this field.

Ethics 97

Ethics Innovation Leadership Import 97

Supply Chain Game Changer

OCTOBER 12, 2022

You have authorized dealers whose core operations you don’t fully control. Your supply chain contract might as well be null and void if it doesn’t set out start and end dates. It’s also essential to indicate the notice period necessary for early and full-term termination. Duration Of The Contract.

Contract 108

Contract Supply Chain Optimization Supply chain Quantity 108

SCMDOJO

AUGUST 2, 2023

Having a goods lift in your facility is great for quickly and securely t ransporting goods , but you need to ensure it remains in tip-top shape. It provides you with reassurance that, in the event of something going wrong, you won’t find yourself massively out of pocket and stuck in the lurch.

Import 76

Import Quality Risk Suppliers 76

IBM Supply Chain Blog

JANUARY 16, 2024

And for legacy institutions with strong brand loyalty, existing products might not be enough to remain competitive over the long term. With new markets and functionalities appearing almost overnight, product development can’t be a blind process. These seven stages of product development are: 1.

Product development 82

Product development Strategy supply chain budgeting supply chain software solutions 82

Zycus Cognitive Procurement

NOVEMBER 29, 2022

Recessions are inevitable, and while most recessions don’t last over three quarters, navigating the same can be quite treacherous for companies. Procurement, operations, and finance need to work synergistically to improve operational efficiencies and productivity for the long term. Recessions don’t last forever.

Strategy 52

Strategy Procurement Leadership Price 52

Let's Talk Supply Chain

NOVEMBER 16, 2022

When the lane comes that you don’t have the capacity for, how will you procure new carriers to book the freight? Unfortunately, many brokers don’t strategically approach building their carrier network proactively. Many brokerages didn’t have a tech play until the pandemic. Luckily, technology is your friend.

Price 98

Price Networking supply chain software solutions Strategic planning 98

Supply Chain Game Changer

OCTOBER 10, 2022

If you don’t prepare well and thoroughly, it will be nearly impossible to gain a worthwhile position. Specific skills , as well as job titles, are also a key part of the long-term career puzzle. What a particular company calls an inventory expert might not match up with how other corporations in the industry use the term.

supply chain software solutions 96

supply chain software solutions Supply Chain Efficiency Supply chain Supply 96

Una

AUGUST 8, 2023

Strategic sustainability in procurement is essential not only in terms of doing the right thing, but for long-term business survival, growth, and profitability. It involves optimizing processes, reducing waste, and improving resource management, ultimately leading to long-term cost savings.

Sustainability 52

Sustainability Procurement Procurement team Procurement strategies 52

Procurement Insights

FEBRUARY 15, 2024

It was a manageable process that didn’t overwhelm the dining experience. “ To be clear, I didn’t come up with the term “solution map migraine.” By the way, this isn’t exactly a new model. The real question this raises is, is having more choices really better?

Procurement 63

Procurement Sustainability Supply chain Management 63

IBM Supply Chain Blog

DECEMBER 18, 2023

This step makes sure that we don’t miss anything, including updates that weren’t made in Phase 2 that may need replication. It starts off small to minimize risk and ensure that any impact isn’t felt across the enterprise. Taking the first step Migrating your authoritative DNS doesn’t have to be difficult.

Networking 78

Networking Export Risk Import 78

Positive Purchasing

AUGUST 24, 2022

Remember – suppliers don’t belong to procurement, they belong to the organization. Procurement people mustn’t be scared to show they have a passion, a belief and a real enthusiasm for their subject matter. It’s easy to arrange and the audience can access the program on their terms.

Procurement 98

Procurement supply chain budgeting Purchasing Category management 98

IBM Supply Chain Blog

DECEMBER 4, 2023

We aren’t referring to conversational AI chatbots that generate answers to general questions with little transparency into their training or data. The companies innovating with generative AI aren’t just industry giants. 1 is the term “trustworthy.” Another critical component of myth No.

Data 83

Data Risk Innovation Demand 83