Procurement Tactics

JUNE 28, 2023

Commodities are typically categorized into four categories: 1. It is a global television network that provides coverage of the latest news and developments in the financial sector, economic trends, and various topics related to business and finance. What is Commodity Trading? What is the Significance of Commodity Trading?

Raw materials 178

Raw materials Supply Chain Efficiency Price Market analysis 178

Procurement Software

FEBRUARY 27, 2024

However, to anyone who’s just getting started on this topic, the terminology may be confusing. This could be SAP or Oracle if you’re in a large organisation, right the way through to more finance-oriented systems such as NetSuite or Sage if you’re in a mid-sized business. You may be aware that they’re different.

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Sourcing Contract management Price Procurement 52

Procurement Software

JANUARY 16, 2024

Running a few pre-planned eAuctions and refreshing your category strategies every couple of years are not the hallmarks strategic procurement team. And let’s face it, most category strategies are a box-ticking exercise. When that happens, inevitably these category strategies rarely see the light of day.

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Procurement Procurement team supply chain budgeting Budget 52

Procurement Heads

JANUARY 4, 2023

As a Buyer at British Airways, I bought a range of different categories from engineering spares to airport services. My team has regular governance meetings with our suppliers where we cover third-party risk management topics, performance, value and sustainability. I completed my MCIPS there and then moved into consulting.

Supply Chain Efficiency 246

Supply Chain Efficiency Sustainability Agile and Lean Supply Chain Suppliers 246

Procurement Software

MARCH 19, 2024

Gartner’s introductory guide to this topic provides a great overview. Generative AI’s current impact in procurement is best illustrated by tech-savvy procurement category managers leveraging apps like ChatGPT and Bard to streamline the execution of routine tasks. Anyone who has used ChatGPT or Midjourney can confirm this.

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Procurement Category management supply chain software solutions Data 52

Procurement Heads

MARCH 27, 2023

We’re a centralised indirects procurement team with category management being introduced where it can in order to support the parts of the business where we need subject specialism. What do you think are the current procurement trends in hot topics and what emerging roles do you think will see in procurement as a result?

Sustainability 246

Sustainability Agile and Lean Supply Chain Influencing Procurement 246

ivalua

DECEMBER 6, 2022

Nowadays, Procurement practitioners primarily talk about emerging topics like the reduction of scope 3 emissions, supplier-enabled innovation and supply risk management. As a result, purchases are linked to the wrong sub-category which jeopardizes the quality of spend analyses while it creates rework in the downstream process.

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e2e Suppliers Procurement Contract 130

Spend Matters

AUGUST 1, 2023

Our recent work has covered topics as varied as UX, AI-ML, low-code/no-code, intake process guidance (orchestration and collaboration), supply and payment risks and advanced analytics. In fact, a new category of solutions, which includes Zip, ORO and Tonkean, has emerged to resolve this very issue. You can read about them here. “If

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Procurement Supply Chain Optimization Supply Chain Efficiency Procurement solutions 80

Empowering CPO

JUNE 26, 2023

Preview of the Key Topics Covered in the Guide In this comprehensive guide to spend analysis in healthcare, we will delve into the intricacies of leveraging spend analysis to optimize costs and drive operational efficiency in the healthcare sector. Data-Driven Decision-making: Informed decision-making is crucial in healthcare.

supply chain budgeting 52

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

Procurement Software

MARCH 11, 2022

And yet, poor operational efficiency in Procurement means that the typical Category Manager often spends at least a THIRD of their time performing “busy work” This is not an effective or efficient use of their time. Process simplification or elimination may require alignment with Legal, Internal Audit or Finance.

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Supply Chain Efficiency supply chain software solutions Procurement Category management 72

The Procuretech Podcast

JULY 5, 2022

This week we're diving back into the topic of spend analytics and spend analysis, with a focus on smaller and medium sized businesses. It notices things: “There's a contract for this category and you're not using it – is that okay?”. He would always engage finance in this instance. Building on invoices, not orders.

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Contract Purchase orders Data Spend management 52

Arkestro

OCTOBER 4, 2022

Procurement, sourcing, CPO, and CFO leaders will be gathering to discuss the topics demanding today’s leading organizations’ attention. Fong has authored numerous publications and speaks on source-to-pay topics and managing complex supply chain partnerships. You don’t want to miss this exclusive event.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Chief Procurement Officer Networking 52

Procurement Heads

JUNE 28, 2022

We have to be demonstrating the response to these challenges, not trotting out the same category strategies and six-month templated processes that suit no one other than procurement. If you aren’t engaged on these topics now with active plans endorsed by leadership that procurement is seen to be leading, then what are we here for?

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Procurement Heads

FEBRUARY 2, 2023

Myself, two Category Buyers, each is responsible for one area so we have an ingredients Category Buyer responsible for the day-to-day ingredients and they’ll negotiate tenders, and work with suppliers regarding anything ingredient related. It is exciting you can get involved in the big picture.

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Raw materials Sustainability Procurement Buyers 130

Procurement Heads

AUGUST 9, 2023

It was a complete off chance, I did a business degree then when I was at university, I decided to start filtering bits out that I wasn’t as particular in, stuff like; marketing, sales, finance that kind of thing and it left areas like supply chain, logistics and procurement so I thought I would go for that kind of thing.

Sustainability 130

Sustainability Procurement Supplier relationship management Suppliers 130

Procurement Software

MARCH 11, 2022

And yet, poor operational efficiency in Procurement means that the typical Category Manager often spends at least a THIRD of their time performing “busy work” This is not an effective or efficient use of their time. Process simplification or elimination may require alignment with Legal, Internal Audit or Finance.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

Procurement Heads

MARCH 27, 2023

We’re a centralised indirects procurement team with category management being introduced where it can in order to support the parts of the business where we need subject specialism. What do you think are the current procurement trends in hot topics and what emerging roles do you think will see in procurement as a result?

Sustainability 130

Sustainability Agile and Lean Supply Chain Influencing Procurement 130

SupplyShift

NOVEMBER 12, 2021

Our panelists unpacked the four steps of the supply chain sustainability journey, from strategy ideation to supplier engagement, while also taking a deep dive on pressing ESG topics such as Scope 3 emissions, forced labor, diversity, and plastics. Read on for five core learnings to keep in mind as you continue on your own journey.

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supply chain budgeting Sustainability Supply Chain Efficiency Supply chain 52

SupplyShift

NOVEMBER 12, 2021

Our panelists unpacked the four steps of the supply chain sustainability journey, from strategy ideation to supplier engagement, while also taking a deep dive on pressing ESG topics such as Scope 3, forced labor, diversity, and plastics. . Read on for five core learnings to keep in mind as you continue on your own journey. . Key Takeaways.

supply chain budgeting 52

supply chain budgeting Sustainability Supply Chain Efficiency Supply chain 52

The Procuretech Podcast

OCTOBER 9, 2022

The approach could apply to any category, direct and indirect. Agility is bigger than procurement – it applies to finance, it applies to marketing, it applies across the board. Not just commercially, but in terms of all the other topics that procurement now takes care of like sustainability. Stay in touch.

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Procurement Raw materials Contract Suppliers 40

Planergy

JANUARY 19, 2023

It has been applied to various topics such as economics, business management, quality control, and mathematics. Use PLANERGY to manage purchasing and accounts payable We’ve helped save billions of dollars for our clients through better spend management, process automation in purchasing and finance, and reducing financial risks.

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supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

SupplyShift

OCTOBER 13, 2021

Each category has several subsections a business may choose to tackle. Multi-Tier Hot Topics Supplier Diversity Tip: Tools like supplier.io Each supplier is at its own stage in sustainability, and companies must factor in a supplier’s size, region, product category, etc., Browse through the graphics below! before engaging.

Sustainability 52

Sustainability Supply Chain Efficiency Supply chain Supply 52

SupplyShift

OCTOBER 13, 2021

Each category has several subsections a business may choose to tackle. Multi-Tier Hot Topics. Each supplier is at its own stage in sustainability, and companies must factor in a supplier’s size, region, product category, etc., The three main aggregations of sustainability metrics are environmental, social, and governance.

Sustainability 52

Sustainability Supply Chain Efficiency Supply chain Supply 52

Supply Chain Game Changer

NOVEMBER 24, 2018

For example, we wrote recently about how Amazon’s purchase of Whole Foods Market represents more than a new stream of brick and mortar business, but the possibility of improving its last mile delivery – the so-called “Holy Grail of Logistics,” and therefore gaining a further leg-up over its eCommerce competitors in the grocery category.

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Supply chain Leadership Supply Supply chain management 48

Supply Chain Game Changer

NOVEMBER 10, 2018

Supply chain collaboration is a hot topic today and no wonder: companies that collaborate effectively across the supply chain have enjoyed dramatic reductions in inventories and costs, together with improvements in speed, service levels, and customer satisfaction. Subscribe Here! Email Address. By leveraging the wisdom of your suppliers.

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Collaboration Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 66

Supply Chain Game Changer

OCTOBER 1, 2022

This topic is probably the most controversial one when it comes to promotion. You can even order a promotion from them if you have free finance for that. This way you will reach an audience that is already interested in your industry topics. Purchasing Stats. Turn on the “Related channels” option. “

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Supply Chain Optimization Real-time Visibility Supply Chain Efficiency Influencing 19

Supply Chain Game Changer

NOVEMBER 16, 2018

Though Machine Learning and AI are hot topics in the tech world, it is not to a point that small to medium size businesses can leverage it in the immediate future. This category of SaaS products is called Service Operations Automation, or ServOps for short. Automation Now and in 2018. But there is still hope for them with automation.

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Supply Chain Optimization supply chain software solutions Data Logistics 93

IBM Supply Chain Blog

APRIL 21, 2023

The EU CSRD prescribes rules for organizations to report sustainability disclosures across several topics pertaining to environmental and social issues. IBM Envizi ESG Suite can support an organization’s CSRD reporting requirements by providing finance-grade data within an auditable system. What is the EU CSRD?

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Sustainability Data Risk Strategy 44