Procurement Tactics

JUNE 28, 2023

Commodities are typically categorized into four categories: 1. Commodity Trading is also a vital aspect of the Global Economy; Providing price discovery, risk management, and efficient resource allocation. Risk Management Through Commodity Trading, producers and consumers can be exposed to the price volatility of commodities.

Raw materials 178

Raw materials Supply Chain Efficiency Price Market analysis 178

ivalua

JANUARY 30, 2023

For most procurement (and supply chain) professionals, the topic of Scope 1, 2, and 3 emissions should be coming at you from every direction. Below, we list a few high-level actions to get you started: Establish a strategy to generate reliable Scope 3 emission data based on categories and spend. POs, and invoices).

Procurement 130

Procurement Category management Suppliers Data 130

ivalua

JANUARY 30, 2023

For most procurement (and supply chain) professionals, the topic of Scope 1, 2, and 3 emissions should be coming at you from every direction. Below, we list a few high-level actions to get you started: Establish a strategy to generate reliable Scope 3 emission data based on categories and spend. POs, and invoices).

Procurement 130

Procurement Category management Suppliers Data 130

Spend Matters

JANUARY 5, 2024

Our coverage also explores the latest thought leadership topics about procurement and supply, the technology that serves it and comparative analyses based on demos and the scoring of 500+ RFI requirements across 12 source-to-pay (S2P) categories that create our Vendor Ranking data.

e2e 81

e2e Procurement supply chain software solutions Contract 81

Procurement Heads

DECEMBER 15, 2022

For Procurement Heads ‘ latest Big Interview, James spoke with James Dobbin about all things procurement – including his own procurement career, insights into Portland, current hot procurement topics and what he looks for when hiring into his team. Also, a lot of contract management and supplier relationship management.

Sustainability 130

Sustainability Supplier relationship management Contract management Procurement 130

Spend Matters

NOVEMBER 9, 2022

Categories: CSR , Procurement Systems & Architecture , Solution Providers , Supplier Information Management , Suppliers Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of Supplier.io and its solution for supplier diversity.

Suppliers 76

Suppliers Risk management Supply chain Buyers 76

Spend Matters

JANUARY 9, 2024

This might be for small use cases like replacing Google when we have a question or more advanced cases like supporting category managers in the buying process. In fact, just recently, we held a webinar with CASME exploring this same topic, bringing together two procurement leaders, who had perspectives from both sides of the argument.

Procurement 81

Procurement Buying process Suppliers Category management 81

ivalua

APRIL 8, 2021

Solutions that unify supplier records and combine 3 rd party, supplier provided and internal data provide accurate view of supplier risk. By including sub-tier risk and enabling visualization at a category level, you can improve your risk management. They are also more willing to collaborate with large customers.

Suppliers 130

Suppliers Risk Bidding Strategy 130

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.

Procurement 52

Procurement Procurement team supply chain budgeting Budget 52

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.

Procurement 52

Procurement Category management supply chain software solutions Data 52

SupplyShift

FEBRUARY 24, 2023

If you are concerned about CSRD, here’s what you need to know: The regulation lays out three categories of companies that must report. Not only will companies be required to perform double materiality assessment and report on eleven topics, they will also need to establish KPIs for performance improvement and report against them.

Supply Chain Efficiency 52

Supply Chain Efficiency Sustainability Supply chain Supply 52

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

HICX

MAY 12, 2023

On September 21 & 22, over 5,000 people from numerous leading global corporations came together for DPW Amsterdam 2022 to share their experiences about a wide range of topics in Procurement and Supply Chain. Automate the simple As Sam explains, “We need to break our procurement teams free from the day-to-day tasks that burden them.”

e2e 52

e2e Real-time Visibility Supply chain resilience Risk management 52

Procurement Software

MARCH 11, 2022

Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. 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.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Una

AUGUST 17, 2022

This guide also covers three key reasons why it’s worth getting your tail spend under control, and show you five ways to effectively manage your tail spend. For the sake of simplicity, and to maybe bring a little humor to the topic of tail spend , we’ll start by comparing it to a house cat. Identify and reduce risk.

Real-time Visibility 98

Real-time Visibility Spend management Procurement team Purchasing 98

IBM Supply Chain Blog

AUGUST 28, 2023

Topic modeling: Topic modeling aims to discover underlying themes and/or topics in a collection of documents. Popular algorithms for topic modeling include Latent Dirichlet Allocation (LDA) and non-negative matrix factorization (NMF). It can help identify trends, extract key concepts and predict customer interests.

Data 58

Data Influencing Strategy Product development 58

Supply Chain Game Changer

OCTOBER 28, 2020

On the Argentus Blog, we’re always looking to shine the light on various aspects of the talent picture within the Supply Chain Management field – whether it’s hiring trends , intelligence about important skills, or the industry’s response to emerging issues related to the COVID-19 pandemic. Top Skills: Technical skills are as crucial as ever.

Supply chain 98

Supply chain Supply Leadership Supply chain management 98

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?

Chief Procurement Officer 130

Chief Procurement Officer Supply Chain Optimization supply chain budgeting Innovation 130

Procurement Software

MARCH 11, 2022

Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. 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.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

Procurement Heads

FEBRUARY 22, 2023

I have worked on pretty much every single indirect category that there is and on the direct side of things too. The Procurement and Vendor Management function is responsible for the entire sourcing lifecycle from source to pay within Zurich. While I have always been working in this area, there has been plenty of variety.

Sustainability 246

Sustainability Influencing Suppliers Procurement 246

The Good Spending

JANUARY 3, 2022

All-purpose RFPs and blanket e-auctions may put governance above business interests and demotivate suppliers unless consciously applied to appropriate categories. More information on this and other exciting topics could be found in "The Technology Procurement Handbook." The need for agile sourcing is undeniable.

Sourcing 52

Sourcing Suppliers Innovation Procurement 52

Procurement Heads

JUNE 22, 2022

I really started to cut my teeth on the whole end-to-end category management and the industry as a whole, the progression was natural for me. Although it is a bit of a buzz word resiliency is definitely a top topic at the moment. We won a CIPS award for Best Procurement Operation Start-Up.

e2e 130

e2e supply chain software solutions Supply chain Suppliers 130

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. Author: Hubert Verweij , Head of Procurement Transformation, Capgemini Invent Sweden and Finland. Previously published on Capgemini’s website.

e2e 130

e2e Suppliers Procurement Contract 130

Jaggaer

APRIL 22, 2019

Over the past several years, f ew topics have been as critical for global corporations as sustainability – investors, consumers, executive teams and other organizational stakeholders have realized that corporate responsibility doesn’t just build a better world, but also drives financial value.

Sustainability 91

Sustainability Supply Chain Efficiency Procurement supply chain software solutions 91

Supply Chain Game Changer

JANUARY 21, 2020

Below I’d like to take a deeper dive into 3 particular processes in modern procurement, that are increasingly hot topics, but are causing confusion and ambiguity; especially considering they are processes that are becoming heavily impacted by emerging technology. Below, is a visualization I find comprehensive of the S2P cycle from Xchanging.

Procurement 87

Procurement Supplier relationship management Eprocurement Suppliers 87

Claritum

AUGUST 4, 2020

The following diagram shows the relationships that should exist between suppliers, users and Category Managers. Securing competitive suppliers for Indirect Spend categories. Risk management and governance. Most articles focus on supplier relationship management, as the most. Ensuring that policies.

Procurement 41

Procurement Procurement team Supply Chain Efficiency Purchasing 41

Procurement Software

JANUARY 24, 2023

The general consensus was that procurement is having to juggle a lot of different balls, especially now with things like sustainability, diversity and risk management coming more to the forefront. Procurement teams just don’t have the resource to manage all of it, so what do you tackle first?

Procurement 52

Procurement Quality Procurement team Stakeholder engagement 52

Claritum

NOVEMBER 16, 2018

The following diagram shows the relationships that should exist between suppliers, users and Category Managers. Securing competitive suppliers for Indirect Spend categories. Risk management and governance. They can, though, be the expert on how the organisation is affected by supply in their specific Category.

Procurement 69

Procurement Procurement team Supply Chain Efficiency Purchasing 69

Procurement Heads

JANUARY 4, 2023

As a Buyer at British Airways, I bought a range of different categories from engineering spares to airport services. We’re constantly problem-solving and seeking continuous improvement as we devised a way of reporting supplier relationship management benefits using 10 sources of business value.

Supply Chain Efficiency 246

Supply Chain Efficiency Sustainability Agile and Lean Supply Chain Suppliers 246

Supply Chain Game Changer

MAY 8, 2019

Below I’d like to take a deeper dive into 3 particular processes in modern procurement, that are increasingly hot topics, but are causing confusion and ambiguity; especially considering they are processes that are becoming heavily impacted by emerging technology. Below, is a visualization I find comprehensive of the S2P cycle from Xchanging.

Procurement 50

Procurement Supplier relationship management Eprocurement Suppliers 50

Empowering CPO

JUNE 16, 2023

As we delve deeper into this topic, we will explore the complexities and nuances of spend analysis, and how it acts as a lynchpin in effective procurement management. Data Classification: After cleansing, the data is classified into categories based on certain criteria like product type, supplier, region, etc.

Import 52

Import Procurement Supply Chain Efficiency Real-time Visibility 52

Procurement Leaders

JUNE 1, 2022

The 1,015 supplier organisations participating in Schneider Electric’s carbon-reduction initiative, The Zero Carbon Project, come from more than 60 categories across all geographies and vary in their size and carbon maturity. This helps to invigorate discussion on the topic. Using green materials. Using green materials.

Strategy 130

Strategy Sustainability Supply Chain Efficiency Suppliers 130

Procurement Software

FEBRUARY 27, 2024

However, to anyone who’s just getting started on this topic, the terminology may be confusing. We actually cover 20 different primary categories of procurement tech in our software finder app, but those listed above are the core ones. Does your organisation spend a disproportionate amount on any specific category of spend?

Sourcing 52

Sourcing Contract management Price Procurement 52

IBM Supply Chain Blog

MARCH 26, 2024

A company cannot report on scope 3 category 7 of employee commute without employee data from HR or facilities management data, or without the technology platform and data governance to have an auditable view of that data. The idea of embedding is integrating it into the day-to-day role.

Sustainability 67

Sustainability Data Strategy supply chain budgeting 67

SupplyShift

OCTOBER 13, 2021

Each category has several subsections a business may choose to tackle. In contrast, another organization may focus on risk management and supplier DE&I. Multi-Tier Hot Topics Supplier Diversity Tip: Tools like supplier.io The three main aggregations of sustainability metrics are environmental, social, and governance.

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. In contrast, another organization may focus on risk management and supplier DE&I. 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.,

Sustainability 52

Sustainability Supply Chain Efficiency Supply chain Supply 52

Procurement Software

MAY 23, 2023

Procurement excellence is a hot topic these days. If we’re to deliver the increasingly challenging expectations of managing the supply base, we need to have executive level sponsors and world class management of our strategic suppliers. Taking a category management approach leaves cash on the table.

Procurement 52

Procurement supply chain budgeting Agile and Lean Supply Chain Suppliers 52