Procurement Tactics

JANUARY 4, 2023

Effective procurement process management will lead to a successful procurement cycle. Effective procurement process management will lead to a successful procurement cycle. Ensuring you and your vendors are conducting your due diligence in all respects is crucial. Best Legal Procurement Practices for Successful Workflow.

Procurement 195

Procurement Contract Negotiation Quality 195

Una

MAY 18, 2023

Unfortunately, procurement is rife with opportunities for fraud due to our relationships with suppliers and connections with contracts, negotiations, and payments. Bribery: The procurement professional accepts money or other forms of kickbacks to favor a particular supplier.

Risk 98

Risk Procurement Bidding Suppliers 98

World of Procurement blog

APRIL 23, 2024

In today's fast-paced business world, efficient procurement processes are more crucial than ever. But what exactly goes into these processes? Let's break down the essential steps in the procurement process flow, providing a roadmap to streamline your procurement activities and achieve strategic objectives.

Purchase orders 52

Purchase orders Procurement Quantity Budget 52

World of Procurement blog

APRIL 23, 2024

In today's fast-paced business world, efficient procurement processes are more crucial than ever. But what exactly goes into these processes? Let's break down the essential steps in the procurement process flow, providing a roadmap to streamline your procurement activities and achieve strategic objectives.

Purchase orders 52

Purchase orders Procurement Quantity Budget 52

Procurement Tactics

JULY 21, 2023

Inventory reconciliation is the process of comparing the physical inventory of a product or asset to the recorded inventory in a company’s accounting system. However, what is it? For this article, we will talk about what inventory reconciliation is. So without further ado, let us now start! Inventory Reconciliation: What is it?

Inventory 207

Inventory Negotiation Import Procurement strategies 207

World of Procurement blog

APRIL 23, 2024

Procurement analytics is the process of collecting, processing, and analyzing data related to an organization's purchasing activities to improve efficiency, reduce costs, and provide valuable insights into supply chain operations. This can be broken down by suppliers, departments, or individual goods and services.

Procurement 52

Procurement Supply Chain Optimization supply chain budgeting supply chain software solutions 52

World of Procurement blog

APRIL 23, 2024

Procurement analytics is the process of collecting, processing, and analyzing data related to an organization's purchasing activities to improve efficiency, reduce costs, and provide valuable insights into supply chain operations. This can be broken down by suppliers, departments, or individual goods and services.

Procurement 52

Procurement Supply Chain Optimization supply chain budgeting supply chain software solutions 52

Una

MARCH 19, 2024

Don't Get Duped by Supplier "Washing" Tips sourcing professionals can use to identify and avoid certain corporate and supplier washing practices as part of their ESG strategy. Your organization is committed to sourcing products from suppliers who walk the talk when it comes to environmental, social, and governance (ESG) practices.

Suppliers 52

Suppliers Sustainability Procurement Sourcing 52

IBM Supply Chain Blog

FEBRUARY 19, 2024

But with the right tools and priorities, each step in the process can run smoothly. Supply chain disruptions are caused by a variety of factors, from pandemics, natural disasters and political instability to supplier bankruptcy and IT failures. But perhaps most relevant today are the capabilities within SCM to help mitigate disruption.

supply chain software solutions 88

supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 88

SCMDOJO

MARCH 19, 2024

Here’s why a structured approach is important: Efficiency A structured department creates a clear division of labor and defines processes for procurement, production, distribution, and returns. In today’s fast-paced business landscape, having an efficient supply chain department is more important than ever.

Supply Chain Optimization 74

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 74

SCMDOJO

APRIL 29, 2024

Sign Up for SCMDOJO Pro Membership Importance of Effective Supply Chain Management Supply chain management is not just about moving products from point A to point B – it’s a strategic approach that encompasses the entire network of processes involved in delivering goods and services to customers.

Supply chain management 63

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 63

Una

MAY 18, 2023

Unfortunately, procurement is rife with opportunities for fraud due to our relationships with suppliers and connections with contracts, negotiations, and payments. Bribery: The procurement professional accepts money or other forms of kickbacks to favor a particular supplier.

Risk 52

Risk Procurement Bidding Suppliers 52

ivalua

JULY 22, 2020

It really is a call to action for European banks to secure their outsourcing processes and equip themselves with the right tools to be compliant with the EBA guidelines. The revised European Banking Authority (EBA) Guidelines on Outsourcing came into effect on September 30 th of 2019. Most IT and cloud services do. Top management dismissal.

Risk management 130

Risk management Risk Contract Suppliers 130

Spend Matters

SEPTEMBER 5, 2023

Recent times have turned many things upside down, including the relationship between customers and suppliers. This is accelerating the shift from a historically category-centric and more price focused approach to a more supplier-centric approach. What are the challenges and asks of your customers?

Procurement 89

Procurement Sustainability Supply chain Suppliers 89

SCMDOJO

JUNE 3, 2022

A PO is issued by a business’s purchasing department when placing an order with its vendors or suppliers. A PO is issued by a business’s purchasing department when placing an order with its vendors or suppliers. Name of the vendor/supplier. Sure, you’ll get different answers. And that’s no other than a purchase order.

Purchase orders 102

Purchase orders Purchasing Quantity Buyers 102

Skill Dynamics

JUNE 15, 2022

Being ethical means being in accordance with the rules or standards for right conduct or practice, especially the standards of a profession. An example of how ethics comes into play in procurement is in supplier selection, evaluation, negotiation and ultimately awarding business. Conflict of interest. Confidentiality of information.

Ethics 52

Ethics Procurement Suppliers supply chain budgeting 52

Una

OCTOBER 9, 2023

How to Implement a Strategic Sourcing Process A play-by-play manual showing how to implement a strategic sourcing process that aligns with your organization’s goals, optimizes spend, and creates long-term value. At its core, strategic sourcing formalizes the process of finding, assessing, and choosing suppliers.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

NLPA (Next Level Purchasing Association)

AUGUST 23, 2022

An annual strategy audit ensures the strategic planning process’s effective, efficient, and continuous improvement. An annual strategy audit ensures the strategic planning process’s effective, efficient, and continuous improvement. Why conduct Annual Procurement Strategy reviews?

Procurement strategies 52

Procurement strategies Strategy Procurement Supply Chain Efficiency 52

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

To succeed in this field, procurement professionals must possess a variety of competencies, ranging from negotiation and supplier management to risk assessment and financial analysis. Conduct regular audits to ensure compliance with procurement policies and procedures.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

SupplyShift

SEPTEMBER 10, 2021

Audits prove to be a heavy lift for many companies. Time is retracted from core operations due to suppliers juggling the task of repeatedly participating in them, which is a dragged-out process for all involved. The suppliers that surface with the highest inherent risk are where you’ll focus first. How can they do both?

Supply Chain Efficiency 52

Supply Chain Efficiency Risk Suppliers Sustainability 52

SupplyShift

SEPTEMBER 10, 2021

Audits prove to be a heavy lift for many companies. Time is retracted from core operations due to suppliers juggling the task of repeatedly participating in them, which is a dragged-out process for all involved. The suppliers that surface with the highest inherent risk are where you’ll focus first. How can they do both?

Supply Chain Efficiency 52

Supply Chain Efficiency Risk Suppliers Sustainability 52

Value Match

FEBRUARY 9, 2023

This reduction is disrupting supply chains and procurement processes for water-intensive industries, such as agriculture and manufacturing. This reduction is disrupting supply chains and procurement processes for water-intensive industries, such as agriculture and manufacturing.

Supply Chain Efficiency 52

Supply Chain Efficiency Sustainability Bidding Supply chain 52

Una

MARCH 6, 2024

In This Guide: Why Organizations Outsource From tiny start-ups to the biggest organizations, there are plenty of reasons why companies engage in BPO (Business Process Outsourcing): Save serious cash Cost reduction is a big reason why businesses outsource. Download Full Guide Introduction Everyone outsources.

Procurement 52

Procurement Agile and Lean Supply Chain Purchasing Supply Chain Efficiency 52

Supply Chain Game Changer

AUGUST 22, 2022

There are pros and cons to both global and local manufacturing , but ultimately, it’s important to consider what’s best for your company and your customers by conducting an internal audit. It will depend on a number of factors that influence your business, including your suppliers, your customers, and your own capabilities.

Supply chain 107

Supply chain Quality Suppliers Import 107

ivalua

FEBRUARY 4, 2020

In another recent report, Gartner predicted that by 2023, organizations that don’t really tackle the issue of supplier master data management will very likely have the wrong information for half of their suppliers. Getting Data right is an imperative. Source: 2019 Supply Chain Data Quality and Governance Study. This means no siloes.

Data 130

Data Quality Supply chain Suppliers 130

Supply Chain Game Changer

NOVEMBER 3, 2021

Getting certified will attest to the stringent quality management in place at each level of their manufacturing processes. That’s why in this article, we’ll discuss some of the ways aerospace manufacturing companies can maintain quality in their processes. Subscribe to Supply Chain Game Changer.

Quality 90

Quality Quality management supply chain budgeting Supply Chain Efficiency 90

Empowering CPO

JUNE 26, 2023

Spend analysis refers to the process of examining and categorizing an organization’s spending patterns, supplier relationships, and purchasing behavior to identify opportunities for cost reduction, process improvement, and strategic decision-making. Introduction A.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Supplier consolidation 52

Empowering CPO

MAY 11, 2023

Goals This blog post aims to provide a comprehensive understanding of sustainable procurement and how organizations can effectively integrate environmental and social factors into their procurement processes. Introduction A. This encompasses energy consumption, greenhouse gas emissions, waste generation, and biodiversity conservation.

Sustainability 52

Sustainability Procurement Supply Chain Efficiency Raw materials 52

SupplyShift

JUNE 25, 2021

Perform Due Diligence The first step to building a more sustainable supply chain is to assess current suppliers and rate them on basic ESG risk factors, such as Scope 3 emissions , labor practices, modern slavery, and deforestation. In today’s climate, ESG compliance is no longer a “nice-to-have.”

Sustainability 52

Sustainability Risk Supply chain Supply 52

SupplyShift

JUNE 25, 2021

The first step to building a more sustainable supply chain is to assess current suppliers and rate them on basic ESG risk factors, such as Scope 3 emissions , labor practices, modern slavery, and deforestation. Many still grapple with the task of manually sifting through hundreds of supplier data sets to look for insights.

Sustainability 52

Sustainability Risk Supply chain Supply 52

Una

AUGUST 9, 2023

Procurement professionals often find themselves in a similar scenario, striving to expedite their processes to achieve cost savings and efficiency gains without increasing risk. Speeding up the procurement process is one way to achieve these goals. 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

Una

AUGUST 8, 2023

By integrating sustainability into procurement processes , organizations can better adapt to changing regulations and societal expectations. It involves optimizing processes, reducing waste, and improving resource management, ultimately leading to long-term cost savings. Why does sustainable procurement matter?

Sustainability 52

Sustainability Procurement Procurement team Procurement strategies 52

Supply Chain Game Changer

APRIL 29, 2021

Technological advancement will work as a catalyst in digitizing supply chain management, bring about changes in the existing system of delivering products and services, and overhaul the process of generating and sharing data across a more diverse set of functions. The Future Roadmap of Intelligent Supply Chain Technologies: 2021 and Beyond.

Supply Chain Optimization 135

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 135

Procurement Software

APRIL 2, 2024

S2C Simple, user-friendly and easy-to-implement RFQ, supplier repository, and contract administration platform designed for the SME market. Collaboration Tools Various types of Project Management and internal stakeholder and supplier collaboration software platforms available within this price range. Let’s dive in.

supply chain budgeting 52

supply chain budgeting supply chain software solutions Procurement Budget 52

Value Match

OCTOBER 16, 2023

Just this last September, I conducted a bespoke Modern Slavery Awareness Session that was made to not only raise awareness of the issue and its prevalence, but specifically how modern slavery and human trafficking can be prevented within the procurement function. 61% increase in feeling equipped to spot exploitation.

Sustainability 52

Sustainability Bidding Contract Supply chain 52

Pipefy

JULY 12, 2023

Process maturity is a great measure for how well business processes are structured and performed. Multiple models exist for making processes more mature, and there are also many ways to assess them. mprove process maturity with the Definitive Guide to Business Process Automation Get free guide What is process maturity?

Quality 52

Quality Management Quality management Suppliers 52

SCMDOJO

DECEMBER 18, 2023

From making sure you have the right amount in stock to setting up programs to prevent issues to saving on costs , here are practical tips to help you make your spare parts management process smoother. This ensures that production processes remain uninterrupted, maximizing overall operational efficiency.

Supply Chain Efficiency 63

Supply Chain Efficiency Inventory control Management supply chain budgeting 63