Procurement Tactics

OCTOBER 12, 2022

33 Procurement Interview Questions in 2022. Sustainable Procurement Statistics — 18 Key Figures of 2022. Sustainable procurement statistics is a topic that many procurement professionals should know. This article will guide you through the latest sustainable procurement statistics available in 2022. First Name.

Sustainability 181

Sustainability Procurement Supply Chain Efficiency Supply chain 181

World of Procurement blog

APRIL 23, 2024

The procurement to pay (P2P) process, also known as purchase to pay, is an essential component of an organization's financial and operational efficiency. It encompasses all steps from the initial identification of a need for goods or services, through procurement and payment, to the eventual reconciliation of accounts.

Procurement 52

Procurement Purchase orders Needs identification Purchasing 52

World of Procurement blog

APRIL 23, 2024

The procurement to pay (P2P) process, also known as purchase to pay, is an essential component of an organization's financial and operational efficiency. It encompasses all steps from the initial identification of a need for goods or services, through procurement and payment, to the eventual reconciliation of accounts.

Procurement 52

Procurement Purchase orders Needs identification Purchasing 52

Procurement Tactics

JUNE 2, 2023

51 ChatGPT Prompts to 10X Your Productivity in Procurement Success! First Name Email Download 51 Prompts →  Or receive our famous weekly newsletter 10 ChatGPT Negotiation Prompts — Everything You Should Know ChatGPT can help negotiation professionals in a lot of ways, but how? Although this technology is new, things are changing fast.

Negotiation 170

Negotiation Strategy Procurement strategies Procurement 170

Procurement Templates

FEBRUARY 19, 2024

Roles and responsibilities: Defining clear roles and responsibilities ensures that each member of the organization knows what is expected of them and how their work contributes to the overall goals. Organization design refers to the process of structuring an organization to achieve its goals effectively and efficiently.

Budget 130

Budget Change management Stakeholder engagement Collaboration 130

Procurement Tactics

JANUARY 12, 2023

Procurement success in 2023 with our Strategy Course. For this article, we will discuss what negotiation is. Negotiation: What is it? You negotiate your needs, feelings, desires, what you want to eat, where you want to live, what movie to watch, and many more. Download Course Details →. . Your BATNA.

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Negotiation Sourcing Import Strategy 189

Procurement Tactics

SEPTEMBER 19, 2022

33 Procurement Interview Questions in 2022. However, what are these consulting firms? In this article, we will discuss what sustainable supply chain consulting firms are. In this article, we will discuss what sustainable supply chain consulting firms are. What is Sustainability in Supply Chain? First Name.

Sustainability 130

Sustainability supply chain software solutions Supply chain Supply 130

World of Procurement blog

APRIL 23, 2024

In today's fast-paced business world, efficient procurement processes are more crucial than ever. Whether you're running a small business or overseeing operations for a large corporation, understanding the procurement lifecycle is vital for minimizing costs while maximizing value. But what exactly goes into these processes?

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. Whether you're running a small business or overseeing operations for a large corporation, understanding the procurement lifecycle is vital for minimizing costs while maximizing value. But what exactly goes into these processes?

Purchase orders 52

Purchase orders Procurement Quantity Budget 52

Una

NOVEMBER 9, 2022

Understanding 10 Stages of the Procurement Cycle. The procurement cycle outlines the key steps procurement professionals should be taking each time they source and procure new goods and services. The procurement cycle. How to Improve Procurement Efficiency. By Hugo Britt | November 10, 2022.

Procurement 98

Procurement supply chain budgeting Purchase orders Market analysis 98

Spend Matters

MARCH 11, 2024

At Spend Matters, it’s as important for us to get to know the requirements and opinions of the procurement community of practitioners as it is for us to understand the world of tech solutions and their providers. So it was good to see a nice mix of both presenting at Procurement Strategies and Innovation (PSI) last week.

Procurement strategies 96

Procurement strategies Innovation Strategy Procurement 96

SCMDOJO

OCTOBER 27, 2023

Supplier negotiation is the most critical skill in the world of procurement. It requires an in-depth knowledge of procurement processes to be able to bring the supplier on a mutual agreement. It requires an in-depth knowledge of procurement processes to be able to bring the supplier on a mutual agreement.

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Supplier negotiation Negotiation Suppliers Supply Chain Efficiency 89

Procurement Software

MARCH 26, 2024

This is where every month, we’ll ask the Founder or CEO of a procurement software company a few questions. These 5-minute insights are perfect to read on a coffee break if you’re keen to grow your knowledge of digital procurement tools. What did you do before you were Founder / CEO of your company?

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Procurement team supply chain software solutions Real-time Visibility Suppliers 52

SCMDOJO

JULY 3, 2023

In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. But how do you get started? Do not worry!

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Cost of ownership Procurement Category management supply chain software solutions 79

Spend Matters

SEPTEMBER 5, 2023

Once again, all eyes are on procurement. In this short post, we outline common obstacles to transformative cost savings and playbooks for using funnels to create alignment and enable finance and procurement to act as a true ‘power couple.’ This content does not express the views or opinions of Spend Matters.

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Procurement Real-time Visibility Chief Procurement Officer Procurement team 95

Positive Purchasing

JANUARY 13, 2023

Here he looks at how we will power procurement for the future. Specifically, what we need to know about energy and the future of how the industry and transport will be powered, plus, what procurement needs to be planning for. The impact on procurement is huge. Are we ready for future energy needs?

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Procurement Cost of ownership Supply Chain Efficiency Demand 98

The Good Spending

APRIL 2, 2023

Where's the procurement planning when you need one? In some companies (and I'm quoting my own experience), procurement planning barely exists. The lion's share of procurement value could be created in the planning stage. This post will provide one of many possible views on the procurement planning process.

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Procurement Demand Planning Budget Category management 98

Supply Chain Game Changer

FEBRUARY 23, 2022

Featuring Our 12 Best Procurement Articles! Procurement is a process that involves obtaining and accepting terms and getting goods or services from an outside source. In other words, procurement is deciding to buy under conditions of less availability. Here are some of the challenges encountered in the procurement process.

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Procurement Competitive bidding Purchasing Procurement team 90

SCMDOJO

JULY 13, 2022

National Association of Educational Procurement. Supply Chain Job Boards are aplenty, but how do we classify the ones worth our time as SCM Professionals? The platform includes supply chain entry-level jobs and supply chain remote jobs. The platform includes supply chain entry-level jobs and supply chain remote jobs. Michael Page.

Supply chain 113

Supply chain Supply Supply chain management Supply chain management 113

Arkestro

SEPTEMBER 19, 2023

Resources / Blog / Autonomous Sourcing Leads to Better Procurement Outcomes Autonomous Sourcing Leads to Better Procurement Outcomes The only ubiquitous thing about sourcing and procurement in 2023 is that there is no one-size-fits-all model for success. However, with great challenges also come great opportunities.

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Sourcing supply chain budgeting Procurement Bidding 52

Procurement Templates

NOVEMBER 11, 2022

What is net zero? Source : UN.Org. Put simply, net zero means cutting greenhouse gas emissions to as close to zero as possible, with any remaining emissions re-absorbed from the atmosphere, by oceans and forests for instance. Why is net zero important? C above pre-industrial levels. Currently, the Earth is already about 1.1°C

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Procurement Bidding Contract Suppliers 130

Procurement Software

FEBRUARY 14, 2023

I wanted to bring you the key criteria that you should consider when sourcing or considering a digital procurement solution. If you’re more of an audio person, we also ran a recent episode of the podcast covering some of these, which you can access here: What are the top 10 criteria to consider when buying procurement software?

supply chain software solutions 72

supply chain software solutions Procurement Price Sourcing 72

Supply Chain Game Changer

FEBRUARY 25, 2022

Once you have a checklist ready, you can start procuring them step by step. Many people start a business in an already saturated industry with what they have to offer. You want to avoid this at any cost because, in the planning stage, your goal is to be aware of industrial dynamics as early as possible. Assess Requirements.

Import 107

Import supply chain budgeting Budget Supply chain 107

The Good Spending

FEBRUARY 28, 2023

Present Value of SaaS fees As we're taking long-term contracts, it's logical to consider the Net Present Value of revenues , i.e., what it would cost in "today's" money at the end of a contract period minus a discount rate (cost of capital.) That means a customer will pay $50,000 license fees from year 2 upon signing.

Negotiation 52

Negotiation Contract Price Risk 52

PASA (Procurement and Supply Australasia)

DECEMBER 11, 2022

The PASA CEO, Jonathan Dutton, is game to try and has compiled a shortlist of ten loose predictions and challenges for the procurement year ahead in 2023. We in procurement can do little to solve such problems, but we can anticipate the likeliness of supply side problems – supplius interruptus we can call it. . Regardless, even 6.9%

Procurement 52

Procurement Agile and Lean Supply Chain Suppliers Supply chain 52

Una

AUGUST 3, 2023

Short-Sightedness in Procurement Learn how to avoid short-sightedness in procurement and adopt a long-term perspective with the help of a group purchasing organization (GPO). What are the signs of short-sightedness in procurement, why does it matter, and (most importantly), how can it be fixed? Merriam-Webster).

Procurement 52

Procurement Procurement strategies Innovation Sustainability 52

Supply Chain Game Changer

MARCH 8, 2022

By making this request I get a chance to hear the candidate articulate in their own words what they are about. Candidates should be prepared to elaborate on what the written words are on their resume and demonstrate their value. What do you know about this company and this industry? What is Supply Chain’s role?

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Supply chain Supply Import Collaboration 117

Procurement Software

APRIL 18, 2023

What is an eAuction? Reverse auctions are typically run as the final negotiation stage as part of an RFX process. Reverse auctions are typically run as the final negotiation stage as part of an RFX process. eAuctions vs. Traditional negotiation What are the differences between eAuctions and traditional negotiation?

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

Una

MARCH 6, 2024

Your Business Guide to Outsourced Procurement A comprehensive guide to outsourced procurement and the benefits of working with a group purchasing organization to save money, time, and effort. We’ll also reveal the benefits of outsourcing procurement to a group purchasing organization (GPO).

Procurement 52

Procurement Agile and Lean Supply Chain Purchasing Supply Chain Efficiency 52

Let's Talk Supply Chain

JULY 27, 2022

Let’s Talk Supply Chain gives them a platform to share what drives them and how they are igniting real progress at their organizations. Let’s Talk Supply Chain gives them a platform to share what drives them and how they are igniting real progress at their organizations.

Agile and Lean Supply Chain 115

Agile and Lean Supply Chain supply chain software solutions Supply chain Real-time Visibility 115

Pipefy

MAY 23, 2023

In its long history , procurement has evolved from self-contained purchasing entities to an essential business partner handling processes involving several departments and many subprocesses. The risks of errors and bottlenecks alone in manual work make procurement a superb place to begin a digital transformation.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

SCMDOJO

NOVEMBER 9, 2023

Managing inventory effectively is crucial for cash flow management because it directly impacts sales (determining how much can be sold) and costs (deciding what needs to be purchased). With effective inventory control templates, you can maintain an accurate record of your products, including their quantities, dimensions, location, and weight.

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Inventory control Inventory supply chain budgeting Supply Chain Optimization 80

Procurify

MAY 12, 2022

Many people use the terms procurement and purchasing interchangeably. In this guide, we clarify any confusion on the difference between procurement and purchasing, and deep dive into each area. In this guide, we clarify any confusion on the difference between procurement and purchasing, and deep dive into each area.

Purchasing 52

Purchasing Procurement Purchase orders Cost of ownership 52

Supply Chain Game Changer

MARCH 28, 2020

The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. But there is a profoundly significant Procurement value chain. Procurement is strategic! Now is the time for Procurement to SELL! Subscribe Here! Email Address. Well here’s some news.

Procurement 71

Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 71

Supply Chain Game Changer

JUNE 8, 2021

Your customers will tell you what you need to do Don’t overthink things – take action early Communicate, communicate, communicate Be absolutely clear on roles and responsibilities With new Customers, manage expectations from the start Have the courage of your convictions. Do what you love! Subscribe Here! Email Address.

Supply Chain Efficiency 97

Supply Chain Efficiency supply chain budgeting Supply chain Leadership 97

Zycus Cognitive Procurement

MAY 31, 2022

For procurement officers, this can be a particularly daunting task. There are several things to take into account when procuring for a new product, from ensuring you have the correct supplies to planning for potential delays. Here are four challenges the procurement teams , around the world, may encounter when launching a new product.

Procurement 40

Procurement Raw materials Price Demand 40

Supply Chain Game Changer

APRIL 29, 2020

If there is a clear understanding of the business and the processes involved in it, then the costs related to the shipment, who pays what charges and where costs may be saved will become clear. There may be cases where the carrier has missed out some shipping surcharges and come to you at a later stage for payment.

Supply Chain Optimization 69

Supply Chain Optimization Supply Chain Efficiency Export Route optimization 69