Arkestro

DECEMBER 26, 2024

As the procurement industry and supply chains become more tech-driven and complex, one fact is clear: companies that embrace industry trends will be best positioned to thrive in the challenging procurement landscape of 2025 and beyond. Here are five key trends that will shape procurement and supply chain management in the coming year.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

SCMDOJO

APRIL 3, 2022

Digital bidding, or eAuctions, are a more efficient way of negotiating with vendors in the international market. Procurement eAuctions may be used in a multitude of sectors and domains, including industrial machinery, supply chains and logistical operations, telecommunications, commodities, and business technical support programs.

Supply Chain Efficiency 141

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 141

Una

OCTOBER 9, 2023

How to Implement a Strategic Sourcing Process A play-by-play manual showing how to implement a strategic sourcing process that aligns with your organization’s goals, optimizes spend, and creates long-term value. At its core, strategic sourcing formalizes the process of finding, assessing, and choosing suppliers.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

TYA Suite

NOVEMBER 25, 2024

What is strategic sourcing and how does it work? Strategic sourcing is a method used by businesses to buy goods and services in a way that focuses on long-term value, not just short-term savings. Strategic is about building strong, lasting relationships with suppliers that deliver the best overall value.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 40

World of Procurement blog

MAY 8, 2024

It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. Purchasing is more transactional and tactical.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Tactics

JUNE 7, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Purchase Price Variance — Everything You Should Know Purchase price variance is an important factor for budget preparation, but why? CERTIFICATE COURSES Related courses about this subject 1.

Price 130

Price Purchasing Raw materials Negotiation 130

Arkestro

AUGUST 22, 2023

Resources / Blog / The Power of Predictive Procurement Orchestration for Food & Beverage Supply Chain The Power of Predictive Procurement Orchestration for Food & Beverage Supply Chain Food and beverage procurement professionals have had their work cut out for them during the last few years.

Food and Beverage Supply Chain 52

Food and Beverage Supply Chain supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 52

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. Reduce Carrier Overcharges via Better Settlement Controls. What the hell is going on over there in transportation?!”

Supply Chain Efficiency 17

Supply Chain Efficiency supply chain budgeting Freight Audit Logistics 17

World of Procurement blog

APRIL 23, 2024

By adopting best practices, companies can reduce costs, improve quality, and enhance supplier relationships. Leverage Technology and Automation Adopting procurement software and technologies can significantly streamline processes, from e-sourcing to electronic payment systems.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement Strategic sourcing 52

World of Procurement blog

APRIL 23, 2024

By adopting best practices, companies can reduce costs, improve quality, and enhance supplier relationships. Leverage Technology and Automation Adopting procurement software and technologies can significantly streamline processes, from e-sourcing to electronic payment systems.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement Strategic sourcing 52

SCMDOJO

JULY 3, 2023

Choose between a broad overview of procurement and a focused course that focuses on certain topics like strategic sourcing, contract management, or supplier relationship management. Gain valuable insights and knowledge to effectively manage total cost of ownership in today’s evolving business landscape.

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. Reduce Carrier Overcharges via Better Settlement Controls. What the hell is going on over there in transportation?!”

Supply Chain Efficiency 74

Supply Chain Efficiency supply chain budgeting Freight Audit Logistics 74

Planergy

AUGUST 8, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. When signing on a new supply customer, you must consider more than just a good-sounding product and price. It also requires objective evaluation measures to ensure accurate bids.

Sourcing 52

Sourcing Suppliers Procurement Bidding 52

SCMDOJO

FEBRUARY 13, 2023

To get the most out of any procurement team, all the associated key roles need to be filled with qualified individuals that understand both technology and the principles of supply chain management. Negotiates cost-effective contracts with suppliers while following organizational policies and guidelines.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

Supply Chain Game Changer

NOVEMBER 24, 2018

Those same companies, out of necessity, became more sophisticated and implemented Strategic Sourcing and Category Management, delivering substantial savings to their companies bottom line and even help capture innovation. So, what can these small and medium sized business’s do without breaking the budget? Email info@procurepro.ca

Procurement 51

Procurement supply chain budgeting Contract Competitive bidding 51

Procurement Software

MARCH 7, 2023

The key difference is that S2P includes the important stage of strategic sourcing, which is performed before you. Industry jargon refers to sourcing and the negotiation of terms and conditions as the “upstream” part of the process. Improvements to end-to-end supply chain efficiency.

Sourcing 64

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 64

Una

JANUARY 8, 2024

Here are some examples of how a Cost-First Crusader and a Value-Creation Maestro might approach the same purchasing needs in different ways: Office Printers Cost-First Crusader You're on a mission to save on printers. You snag a bunch of budget-friendly printers without considering the long game.

supply chain budgeting 52

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

Supply Chain Game Changer

JANUARY 9, 2019

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. Further analyzing that spend can help you determine opportunities for implementing cost savings practices like supplier consolidation, strategic sourcing , and standardization. Subscribe Here!

Procurement 68

Procurement Purchasing Negotiation supply chain software solutions 68

Planergy

JULY 21, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. You set the budget and deliverables, then work with various freelancers with a test assignment. Inadequate Budgeting Without a budget, a business may not be able to negotiate favorable terms with providers.

Management 52

Management Procurement supply chain budgeting Budget 52

Procurement Software

JUNE 13, 2023

Penny Penny is a startup based in Saudi Arabia, offering a cloud-based Source-To-Pay solution. It enables users to allocate, manage and monitor budgets. Catalogue Management allows you to enjoy the e-commerce experience for your corporate supplies as you create requests faster and easier.

supply chain software solutions 52

supply chain software solutions Contract management Contract Sourcing 52

Planergy

OCTOBER 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Sourcing Supply Chain Management. An ROI, also called an Expression of Interest or EOI, is not a solicitation for bids but a way for organizations to gauge interest from potential suppliers.

Buyers 52

Buyers Supply Chain Efficiency Price Suppliers 52

Empowering CPO

JUNE 14, 2023

At its core, procurement is the process of finding, agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. This information is shared with suppliers to facilitate timely restocking and reduce out-of-stock instances.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Procurement Software

DECEMBER 5, 2022

The key difference is that S2P includes the important stage of strategic sourcing, which is performed before you. Industry jargon refers to sourcing and the negotiation of terms and conditions as the “upstream” part of the process. Competitive bidding, which optimises cost. Reduction in maverick spend (H4).

Sourcing 52

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

Procurement Software

MARCH 11, 2022

Even if budgets have been set, there is very little control that a CFO or a procurement team can yield. Direct materials that go into the production process are strategically sourced. Then, combine this with an e-sourcing platform such as DeepStream that suppliers, stakeholders and procurement teams alike all enjoy using.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

Even if budgets have been set, there is very little control that a CFO or a procurement team can yield. Direct materials that go into the production process are strategically sourced. Then, combine this with an e-sourcing platform such as DeepStream that suppliers, stakeholders and procurement teams alike all enjoy using.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MAY 21, 2024

None of them are budget tools, but they exist. The rough process is as follows: A free text requisition comes in They go to market and get three bids and a buy, or they just use an e-procurement tool to purchase something from a catalogue. The future: can strategic sourcing and complex negotiations be automated?

Supplier negotiation 52

Supplier negotiation Negotiation Suppliers Procurement 52