ivalua

FEBRUARY 10, 2023

This could include negotiating more favorable terms with suppliers or renegotiating existing contracts to ensure that prices remain competitive. You can also use its eSourcing solution to create RFPs, receive bids from qualified suppliers, analyze supplier performance and manage contracts in one place.

Price 264

Price Strategy Sourcing Real-time Visibility 264

SCMDOJO

APRIL 3, 2022

Procurement specialists can use eAuctions to engage and negotiate with more vendors utilizing an organized approach which thus eliminates any need for cumbersome one-on-one meetings. Digital bidding, or eAuctions, are a more efficient way of negotiating with vendors in the international market.

Supply Chain Efficiency 141

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 141

Procurement Templates

MARCH 7, 2024

Key components typically found in a procurement playbook include: Procurement policies and procedures: Clearly defined rules and regulations governing procurement processes, such as vendor selection criteria, bidding procedures, and contract management protocols. I curate best book marks so you don’t need to hunt around!

Supply Chain Efficiency 130

Supply Chain Efficiency Procurement Ethics Contract management 130

Procurement Insights

MARCH 16, 2025

MCP ensures that AI-driven procurement solutions retain, process, and apply relevant context to enhance decision-making and operational efficiency. AI-Powered RFP & Bid Management When issuing an RFP (Request for Proposal) , procurement professionals interact with AI that understands past procurement criteria and scoring methods.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

Procurement Insights

APRIL 5, 2025

7 ProPurchaser 2008 Started in 2008, newer but focused on negotiation tools. 9 Lytica 2015 Established in 2015, a newer player in supply chain analytics. 9 ProPurchaser <50 employees Very small, likely a boutique provider with a narrow negotiation focus. Company Size This ranks providers by estimated scale (e.g.,

supply chain software solutions 52

supply chain software solutions Supply Chain Optimization Negotiation Supply Chain Efficiency 52

Procurement Tactics

OCTOBER 18, 2022

SRM is usually used by many supply chain professionals who constantly deal with suppliers in areas such as procurement, project management, and operations. . The SRM aims to ensure buying from reliable suppliers, bring end-to-end visibility of supplier collaboration workflow, and improve the resilience of the supply chain. .

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

Arkestro

NOVEMBER 12, 2024

However, as supply chains have evolved into complex, global systems, the demands on procurement, and associated workload have increased significantly. However, as supply chains have evolved into complex, global systems, the demands on procurement, and associated workload have increased significantly.

Procurement 52

Procurement Bidding Procurement team Supply Chain Efficiency 52

SCMDOJO

OCTOBER 3, 2024

In this highly competitive job market, more is needed for students to learn the supply chain theory simply. Due to the quick movement and fast reaction of global logistics, the new generation entering the supply chain industry must learn and master some vital technical and soft skills.

Supply Chain Efficiency 98

Supply Chain Efficiency supply chain software solutions Supply chain Supply chain management 98

Jaggaer

FEBRUARY 5, 2025

Complete Source to Pay cycle and Strategic Sourcing Guide An optimized Source-to-Pay (S2P) process helps businesses enhance procurement efficiency, reduce costs, and improve supplier collaboration. Companies that excel in strategic sourcing achieve greater cost savings and procurement efficiency while ensuring supply chain resilience.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Real-time Visibility 52

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. This blog aims to empower procurement professionals by shedding light on how each report contributes to enhanced transparency, accountability, and efficiency within the procurement function.

Supply Chain Efficiency 21

Supply Chain Efficiency Purchase orders Procurement Bidding 21

Procurement Heads

MARCH 27, 2023

Procurement at Futures involves negotiating and renegotiating contracts for all goods, works and services. The ongoing impact of inflation and fluctuations in materials pricing continue to have an impact, and it’s increasingly challenging to negotiate because prices are changing significantly within a short period of time.

Sustainability 246

Sustainability Agile and Lean Supply Chain Influencing Contract 246

TYA Suite

OCTOBER 27, 2024

It encompasses a range of features aimed at managing the acquisition of goods and services efficiently. This transparency helps businesses identify potential issues early and take corrective actions promptly. By improving transparency and enabling seamless collaboration, companies can build stronger relationships with their vendors.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

Procurement Tactics

APRIL 25, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Procurement Fair Operating Practices Sustainable procurement fair operating practices allow companies to give their employees a safe working environment. Sustainable Procurement: What is it?

Sustainability 168

Sustainability Procurement Ethics Supply Chain Efficiency 168

Supply Chain Game Changer

MAY 12, 2021

Subscribe to Supply Chain Game Changer. New age of negotiation article and permission to publish here provided by Sam Jenks at kodiakrating.com. We negotiate on a daily basis. Sometimes negotiations are small and sometimes they hold a bit more value or impact. But, there are two sides to every negotiation table.

Negotiation 69

Negotiation Buyers Bidding Collaboration 69

SCMDOJO

JUNE 28, 2024

In recent years, there has been a significant shift in the supply chain industry as more and more women are choosing careers in this traditionally male-dominated field. This rise of women in the supply chain is not only breaking gender barriers but also bringing a fresh perspective and new ideas to the table.

Supply Chain Optimization 93

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 93

Procurement Tactics

JULY 14, 2022

Almost all professionals in supply chain and procurement know that it is part of the huge procurement process. A procurement tender is a document that the supplier needs to complete when bidding for a contract. . Want to take your negotiation results to the next level? What is Procurement Tender? ENROLL NOW. Organization.

Procurement 130

Procurement Bidding Supply Chain Efficiency Contract 130

Procurement Templates

MARCH 3, 2024

This assessment aims to identify what the organization needs to procure to fulfill its objectives effectively and efficiently. Risks may include budget constraints, supply chain disruptions, quality issues, legal compliance, etc. Develop strategies to mitigate these risks and build resilience within the supply chain.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Jaggaer

FEBRUARY 5, 2025

It is a process that creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. Implementation of new supply structure Track results and restart assessment This model has essentially stood the test of time.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

Procurement Tactics

JULY 21, 2022

Procurement portals have shaped supply chain management drastically. Want to take your negotiation results to the next level? Leverages competitive bidding. A procurement portal offers a variety of ways for stress-free bidding management. This improves the speed and efficiency of procurement practices. .

Procurement 147

Procurement Procurement solutions Bidding Competitive bidding 147

Procurement Tactics

JUNE 7, 2023

It is a common concept in cost accounting and is used to evaluate the efficiency of a company’s purchasing process. Proper utilization of this metric yields a crucial understanding of the procurement organization’s efficiency in achieving cost reduction objectives. Why is it Important?

Price 130

Price Purchasing Raw materials Negotiation 130

Planergy

FEBRUARY 24, 2025

The Four Types of Procurement in Education Key Steps in the Education Procurement Process Who Benefits from Efficient Procurement? Educational leaders use strategic procurement to negotiate favorable contracts, explore innovative solutions, and drive institutional efficiency. Who Benefits from Efficient Procurement?

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

Jaggaer

FEBRUARY 13, 2025

Companies want to avoid or mitigate disruptions to the supply chain and manage stranded assets. Procurement stands at the center of several competing aims and objectives: cost savings, compliance, reputation, innovation, finance and supply chain resilience. Second, set clear criteria for high-value bids.

Leadership 52

Leadership Procurement Supply Chain Efficiency Sustainability 52

Procurement Tactics

JULY 13, 2022

The global pandemic and the ongoing war between Russia and Ukraine have disrupted the supply chain. This will allow you to give importance to these functions that will keep your supply chain sustainable. Want to take your negotiation results to the next level? Negotiating. Procurement Today. ENROLL NOW.

Procurement 130

Procurement supply chain budgeting Negotiation supply chain software solutions 130

Procurement Tactics

AUGUST 30, 2022

When electronic procurement is implemented properly, it opens the lines of communication between the organization and the supplier by creating a link and facilitating interactions like bids, emails, and purchase orders. . Want to take your negotiation results to the next level? Transparency. Editor's note: Hi there!

Procurement 130

Procurement Supply Chain Efficiency Purchasing supply chain software solutions 130

ivalua

FEBRUARY 27, 2023

Manufacturers can off-set the effects of inflation and avoid passing on price increases to their goods and services by maximizing the efficiency and effectiveness of the procurement function. This ensures contracts remain favorable and all stakeholders comply with negotiated terms. Manufacturers, take charge of your supply chain!

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

Procurement Tactics

AUGUST 9, 2022

A vendor is an entity in the supply chain that sells or provides goods and services to companies or organizations. Want to take your negotiation results to the next level? Establishing and maintaining a strong vendor relationship is important to customer service, quality, cost efficiency, and market development. .

Vendor relationships 130

Vendor relationships Quality Price Bidding 130

Jaggaer

MARCH 30, 2020

That key, according to Charles, lies in having large and accurate data sets and an efficient way to analyze them. The traditional three bids and a buy model is a product of software constraints, rather than the ideal method of sourcing. Whoever has the most data will win in a negotiation setting ,” he says. .

Sourcing 99

Sourcing Data Bidding Supply Chain Efficiency 99

ivalua

DECEMBER 14, 2020

The pandemic wreaked havoc on businesses and their supply chains, but even in these trying times, there’s a silver lining. The job of sourcing professionals is to understand the risk in the supply chain and manage it so they can react quickly when a problem occurs.” Start by Putting the Right Technology in Place.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Procurement 130

Procurement Software

MARCH 11, 2022

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. Sustainability initiatives within the supply chain. Reductions in energy or material consumption.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Arkestro

SEPTEMBER 29, 2023

Procurement teams run at the highest level of efficiency with autonomous procurement. By leveraging the latest technology to improve efficiency, organizations can increase cost savings, reduce risks in the supply chain, and enhance overall performance. Why is autonomous procurement important?

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement supply chain software solutions 52

Una

MAY 18, 2023

Unfortunately, procurement is rife with opportunities for fraud due to our relationships with suppliers and connections with contracts, negotiations, and payments. Procurement is rife with opportunities for fraud due to our connections with suppliers, contracts, negotiations, and payments.

Risk 98

Risk Procurement Bidding Suppliers 98

Una

NOVEMBER 1, 2022

Procurement professionals are abandoning traditional sourcing practices in favor of more responsive strategies to supply chain management in pursuit of more significant cost savings and organizational efficiencies. Increased efficiency & innovation.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

Value Match

MAY 28, 2024

Designed to foster transparency, fairness, and efficiency in public sector procurement, this legislation has significant implications for suppliers engaging in public sector contracts. Hopefully, simplified bidding processes will make it easier to bid, negotiate and work in partnership with the public sector.

Suppliers 52

Suppliers Supply Chain Efficiency Bidding Procurement 52

SCMDOJO

JULY 28, 2022

This means that every time you host a sourcing event, the same suppliers bid on the same products at the same prices. The client’s purchasing staff or other employees can then use the system to determine which suppliers are on the approved list to bid on opportunities. Then the Supplier registration form comes in handy.

Suppliers 132

Suppliers Bidding Purchasing Quality 132

SCMDOJO

JULY 3, 2023

Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. Procurement training equips you to excel in the corporate world by teaching you everything from supplier dynamics to negotiating strategies.

Cost of ownership 98

Cost of ownership Procurement Category management supply chain software solutions 98

Supply Chain Collaborator

MAY 23, 2018

Supply chain management leaders, especially in transportation, are under heavy fire from CFOs for the dramatic increases in freight spend that are eroding the profitability of shippers in every industry. Improve Rate Negotiations. More Efficiently Load Equipment. What the hell is going on over there in transportation?!”

Supply Chain Efficiency 17

Supply Chain Efficiency supply chain budgeting Freight Audit Logistics 17

Procurement Software

APRIL 18, 2023

eAuctions are an essential alternative to traditional negotiation methods. eAuctions are a negotiation method that allow buyers to leverage market-driven pricing opportunities. These negotiations take place in real time, with all prospective suppliers at once. This involves suppliers competing in sequential bidding.

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52