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Utilize A Purchasing Consultant To Increase Your Savings

Procurement Freelancers

One of your major challenges as a business owner is probably finding methods to keep… The post Utilize A Purchasing Consultant To Increase Your Savings first appeared on Procurement Blog | Procurement & Supply Chain News.

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3 Reasons to Develop a Comprehensive Procurement Strategy

Una

We all know different purchasing scenarios will require us to follow certain processes or have criteria that needs to be met. While it’s not the only thing procurement should be focusing on, one of the main purposes of the procurement function is to identify cost savings opportunities. By Mackenzie Oakley | July 19, 2022.

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Procurement Rising: The Silent Inflation Tax on Manufacturers

ivalua

Manufacturers have unique insight into the state of global inflation – they’re often hit earlier and harder than other industries by increasing overhead costs, from raw materials prices to wages. While inflation has eased from 9.1% last June to 6.5% in December and is expected to fall to 3.1% Let’s explore further.

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Taking an Advisory Approach to Procurement

Una

Taking an Advisory Approach to Procurement An inside look at how Una, the nation’s fastest growing group purchasing organization, works to take an advisory approach to procurement. By managing the procurement process effectively, you can optimize your supply chain, reduce costs, and maintain strong relationships with your suppliers.

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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Procurement differs from purchasing in a few key ways: Strategic focus : Procurement has a strategic, long-term focus on analyzing spend, reducing costs, managing supplier relationships, and mitigating risk. Purchasing is more transactional and tactical. Purchasing focuses specifically on the buying transaction.

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Strategic Sourcing for SMEs

Una

With limited resources, time, and purchasing power, every decision needs to be well-planned and supported by data. In this article, we explore the unique challenges facing SME procurement teams, how to be strategic despite these challenges, and the role a group purchasing organization can play.

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How to build a successful procurement strategy

IBM Supply Chain Blog

It can nurture collaborative partnerships with suppliers and integrate ethical and environmental (green purchasing) considerations into the sourcing strategy. A procurement strategy is a structured plan that an organization develops to guide its purchasing process in a way that aligns with its business needs.