Spend Matters

DECEMBER 23, 2024

By consolidating spend through our system, customers are looking to gain clearer visibility and control over procurement. Metrics around supplier consolidation and spend concentration are also common. Customers use Onventis to consolidate suppliers and negotiate better terms.

Procurement 120

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supplier consolidation 120

World of Procurement blog

MAY 23, 2024

Supplier consolidation refers to the strategy of reducing the total number of suppliers that a company deals with and instead focusing procurement spending on a select few preferred suppliers. To mitigate supply chain risks and improve business continuity by reducing dependence on many small suppliers.

Supplier consolidation 52

Supplier consolidation Suppliers Supply Chain Efficiency supply chain budgeting 52

Una

OCTOBER 25, 2022

Procurement professionals are now celebrated for their innovation, creativity, agility, and cost-saving initiatives. And let’s not forget the crucial role they play in driving diversity and sustainability within the supply chain. Consolidate your supplier lists. 8 Steps to Improve Procurement Efficiency.

Supply Chain Efficiency 105

Supply Chain Efficiency Procurement Purchase orders Real-time Visibility 105

World of Procurement blog

MAY 8, 2024

Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. What is Procurement?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Jaggaer

OCTOBER 24, 2024

Pressuring suppliers to cut prices often leads to reduced quality or service levels, which may result in costly product recalls, lost customers, or damage to the company’s reputation. By building trust and transparency, procurement leaders can work with suppliers to achieve cost savings that are sustainable and equitable.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain budgeting 52

Claritum

AUGUST 23, 2019

million people are employed by 909,000 of these minority owned businesses (Source: www.mbda.gov). Tapping into these organisations, as part of your supplier network, has become an essential part of larger organisations strategies. Source unknown). 2 Why is diversity of supply important? Accessing new supply channels.

Supply 36

Supply Agile and Lean Supply Chain Suppliers Contract 36

Claritum

AUGUST 23, 2019

million people are employed by 909,000 of these minority owned businesses (Source: www.mbda.gov). Tapping into these organisations, as part of your supplier network, has become an essential part of larger organisations strategies. Source unknown). 2 Why is diversity of supply important? Accessing new supply channels.

Supply 32

Supply Agile and Lean Supply Chain Suppliers Supply chain 32