Procurement Insights

JANUARY 3, 2025

20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management. Analytics and insights from procurement data were minimal.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

Supply Chain Game Changer

JANUARY 2, 2019

The phrase “Supply Chain Management” was first coined in 1982. The idea of a “Blockchain” was conceived in 2008 although the concept of a chain of blocks began as early as 1991, and use of the word Blockchain itself has only become popular in the last few years. ” (Source: [link] ).

Supply Chain Efficiency 71

Supply Chain Efficiency Supply chain Supply chain management Supply chain management 71

Empowering CPO

NOVEMBER 12, 2020

Role of category manager & KPI’s of an ideal procurement organization. Increasing spend under management. Sourcing roadmap. As per 2008 study by Corporate Executive Board, 12% of total marketing budget goes towards market research. Continuous cost reduction. Full utilization of tools. Exploring LCCS opportunities.

Category management 52

Category management Cost of ownership Procurement Strategic sourcing 52

Procurement Software

NOVEMBER 21, 2022

Procurement is the function in companies that, on a general level, takes care of sourcing, managing vendors and tracking spend. There are some industries we can consider as the early movers in seeing the benefits of a professionalized sourcing function. Revolut and eToro are just two which have seen explosive growth.

supply chain budgeting 52

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

Jaggaer

JUNE 9, 2020

Procurement and legal teams need well prepared, highly organized document management systems to systematically look at force majeure clauses are written. supplychain #sourcing [link] pic.twitter.com/40kHrnlbvY. There are plenty of other questions to ask yourself about your contract terms, too.

Procurement strategies 52

Procurement strategies Strategy Management Procurement 52

Zycus Cognitive Procurement

SEPTEMBER 15, 2022

According to McKinsey research , in the five years immediately following the 2008 global financial crisis, total return to shareholders for companies with top-quartile procurement capabilities was 42 percent higher than the companies whose procurement operations were in the bottom quartile.

supply chain budgeting 52

supply chain budgeting Procurement supply chain software solutions Agile and Lean Supply Chain 52