Blog and Suppliers - Purchasing & Procurement Zone

Measuring the Right Supplier Performance Metrics

ProcurePort

OCTOBER 5, 2022

Selecting the best suppliers is the first step to getting quality, affordable, and timely deliveries. The post Measuring the Right Supplier Performance Metrics appeared first on ProcurePort Blog. Business organizations must […].

Suppliers

Suppliers Quality Strategy Procurement

Supplier Diversity: From Checking-the-Box to a C-Suite Strategy

ivalua

JANUARY 13, 2023

For the Government, supplier diversity programs are something procurement professionals in the United States (US) have accepted as a key element to their procurement success. Since their inception more than 50 years ago, supplier diversity programs have spread beyond public procurements. Supplier Diversity on the World Stage.

Suppliers

Suppliers Strategy Agile and Lean Supply Chain Ethics

Using Supplier Management Software to Manage Supplier Risk

ProcurePort

MAY 11, 2023

Supplier Management Software: Supplier Risk: Effective supplier management is critical to the success of any business. As organizations grow, managing a growing number of suppliers can become increasingly complex.

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supply chain software solutions Suppliers Risk Management

Webinars

Staying Ahead of UFLPA Enforcement: Best Practices for Retail Supply Chains

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How to Assess Supplier Risk Management in Procurement: An Overview, Report, and Checklist

ProcurePort

MARCH 23, 2021

The post How to Assess Supplier Risk Management in Procurement: An Overview, Report, and Checklist appeared first on ProcurePort Blog. In fact, the right risks, made with calculations and well-founded information, yield some of the best rewards. That being said, there are certain times and places that we want to […].

Risk management

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Streamline Supplier Onboarding and Data Management with Supplier Management Software

ProcurePort

MAY 31, 2023

Effective supplier management is crucial for businesses to maintain smooth operations in their supply chain and drive growth. However, the process of onboarding new suppliers, gathering their information, and managing supplier data can be time-consuming and prone to errors when done manually.

supply chain software solutions

supply chain software solutions Suppliers Data Management

Why Supplier Relationship Management Should Be Your First Focus

ProcurePort

APRIL 19, 2022

A manufacturing entity may work with hundreds of suppliers on different continents. There is, therefore, the need to create value through strong relationships with suppliers. Supplier relationship management today involves leveraging […]. Customers are demanding competitive pricing, hence making margins even slimmer.

Supplier relationship management

Supplier relationship management Suppliers Management Price

What is Supplier Management Software

ProcurePort

AUGUST 27, 2023

In today’s hyper-connected business landscape, managing suppliers effectively has never been more crucial. With increased globalization and businesses relying on a vast network of suppliers for their products and services, the efficiency of supplier relationships can make or break a company’s success.

Suppliers

Suppliers Management Networking

Essential Guide to Supplier Collaboration

Jaggaer

OCTOBER 24, 2024

Essential Guide to Supplier Collaboration Supplier collaboration is redefining success across industries. Strong supplier partnerships drive new product development, unlock cost efficiencies, and ensure supply chains are adaptable to changing market conditions.

Collaboration

Collaboration Suppliers Supply Chain Efficiency Supply Chain Optimization

Here’s a comprehensive list of the top 100 skills that a Procurement Manager should master

Procurement Templates

NOVEMBER 21, 2024

Here’s a detailed guide to enhance procurement capabilities across various domains: Strategic Sourcing and Supplier Management Actionable Steps: Analyze Spend Data: Use spend analysis tools to identify areas where costs can be reduced or efficiencies improved. Workshops on negotiation and supplier relationship management.

Agile and Lean Supply Chain

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization supply chain software solutions

Benefits of Supplier Quality Management

ProcurePort

AUGUST 24, 2022

• Supplier quality management is the proactive and often collaborative approach to ensure that a supplier delivers goods and services of the highest quality. The post Benefits of Supplier Quality Management appeared first on ProcurePort Blog. These include the timeliness of delivery, quantities, and price.

Quality management

Quality management Quality Suppliers Management

Supplier code of conduct: Guide, best practices and template

RPF360

OCTOBER 13, 2022

And, they use a supplier code [.]. The post Supplier code of conduct: Guide, best practices and template appeared first on RFP360. And, importantly, do you know if your values align? Increasingly, organizations want to work with vendor partners that share their commitment to social and ethical standards.

Suppliers

Suppliers Vendor relationships Ethics Import

ESG goals are a risk management necessity — An interview with Peter Smith

Spend Matters

DECEMBER 5, 2024

Peter Smith , ex-President of CIPS, ex-MD of Spend Matters Europe and author of Bad Buying , among other books, has constructed his career around implementing what he calls ‘Procurement with Purpose’ (which is also the name of his blog ). This insight formed the basis of Peter Smith’s book and attendant blog ‘ Procurement with Purpose.’

Risk management

Risk management Risk Management supply chain software solutions

7 Purchasing Negotiation Strategies Every Buyer Should Use

ProcurePort

SEPTEMBER 20, 2022

• In procurement, the balance of power can shift towards the suppliers for many reasons. First, suppliers can eliminate competition by applying a loss-leadership strategy that drives other companies out of business. • The post 7 Purchasing Negotiation Strategies Every Buyer Should Use appeared first on ProcurePort Blog.

Buyers

Buyers Negotiation Purchasing Strategy

Supplier Diversity: From Checking the Box to Driving Business Strategy

ivalua

JUNE 29, 2021

Supplier diversity programs are something many procurement professionals in the United States (U.S.) But since its inception more than 50 years ago, supplier diversity programs have spread beyond public procurements and now many privately held U.S. businesses proudly maintain robust supplier diversity programs.

Business strategy

Business strategy Suppliers Strategy Ethics

Supplier Collaboration: Driving Innovation and Competitive Advantage

Jaggaer

OCTOBER 24, 2024

Supplier Collaboration: Driving Innovation and Competitive Advantage In today’s hyper-connected global economy, where supply chains span continents, and industries are interlinked globally, supplier collaboration serves as the foundation to drive innovation and create a future-ready organization. What is supplier collaboration?

Collaboration

Collaboration Innovation Suppliers supply chain budgeting

What is Sourcing Process in Procurement – A Complete Guide to Sourcing Processes [2022]

ProcurePort

MAY 18, 2022

• Sourcing is the process of finding the most suitable suppliers of goods and services to a company. The right supplier must offer a good enough price so that the acquiring business can make a profit margin by trading […].

Sourcing

Sourcing Procurement Price Suppliers

What is the Role of Suppliers in Supply Chain Management?

ProcurePort

OCTOBER 6, 2022

• Efficient and well-ordered suppliers are worth their weight in gold. In an increasingly competitive world, establishing favorable relationships with such high-caliber suppliers is imperative for good business. • But who or what are suppliers? The post What is the Role of Suppliers in Supply Chain Management?

Supply chain management

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Supplier Collaboration: Fundamental to Elevating Manufacturing Performance

Jaggaer

OCTOBER 24, 2024

Supplier Collaboration: Fundamental to Elevating Manufacturing Performance Supplier relationships are at the heart of manufacturing performance. That’s why supplier collaboration—that consistent, trusted, and responsive interaction between supplier and manufacturer—is pivotal to manufacturing success.

Collaboration

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain

Supplier Contract Negotiation In Procurement: 5 Things to Remember

ProcurePort

AUGUST 23, 2022

• In the business world today, delivering the highest possible value from the supply chain depends a lot on the kind of supplier relationships an organization can maintain. The post Supplier Contract Negotiation In Procurement: 5 Things to Remember appeared first on ProcurePort Blog. Both […].

Negotiation

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How to Choose the Best Suppliers with E-Sourcing Software

ProcurePort

APRIL 1, 2024

Streamlining Supplier Management Traditionally, supplier management involved laborious tasks like […] The post How to Choose the Best Suppliers with E-Sourcing Software appeared first on ProcurePort Blog.

Sourcing

Sourcing Suppliers Innovation Procurement

Supplier Order Management Software – Everything You Should Know

Procurement Tactics

JULY 20, 2023

In this article, we will explore what supplier order management software is, its benefits, and some of the best software options available in the market. Defining Supplier Order Management Before diving into the software itself, let’s first understand what is Supplier Order Management.

supply chain software solutions

supply chain software solutions Suppliers Management Purchase orders

Procurement Category Management for Business

ProcurePort

MARCH 15, 2022

When successfully implemented, the company can gain through lower purchase prices, better relationships with suppliers, agility in logistics, […]. The post Procurement Category Management for Business appeared first on ProcurePort Blog.

Category management

Category management Management Procurement Logistics

When is Direct Procurement Used?

ProcurePort

JANUARY 19, 2022

Both public and private institutions have procurement provisions requiring competitive bidding before awarding contracts to suppliers. appeared first on ProcurePort Blog. However, there are situations where the direct procurement method is deemed fit. The first scenario would be […]. The post When is Direct Procurement Used?

Competitive bidding

Competitive bidding Procurement Bidding Contract

5 Reasons to Automate Invoice Processing

ProcurePort

AUGUST 31, 2021

With the increasing adoption of technology in procurement, many Chief Procurement Officers (CPOs), accounts payable teams, and suppliers are turning to electronic invoicing as a viable solution to the issue of invoicing in a digital era. The post 5 Reasons to Automate Invoice Processing appeared first on ProcurePort Blog.

Chief Procurement Officer

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Unleash The Power of the Business Spend Management (BSM)

ProcurePort

DECEMBER 14, 2021

Spend management also captures related processes such as product lifecycle management, inventory management, supplier information management, budgeting, analytics, […]. The post Unleash The Power of the Business Spend Management (BSM) appeared first on ProcurePort Blog.

Spend management

Spend management Management Budget Inventory

How to use a supplier scorecard: Guide, examples and best practices

RPF360

DECEMBER 15, 2022

Explore how to create and use a supplier scorecard to measure and optimize vendor performance. The post How to use a supplier scorecard: Guide, examples and best practices appeared first on RFP360. Maintaining vendor relationships is crucial to your business. However, ensuring quality and effectiveness is just as important.

Suppliers

Suppliers Vendor relationships Quality Import

The Art of Supplier Collaboration: Best Practices to Build Lasting Partnerships

Jaggaer

OCTOBER 24, 2024

The Art of Supplier Collaboration: Best Practices to Build Lasting Partnerships Dynamic market changes and global events seem to create newer demands and greater pressure on procurement professionals. Growth Strategic supplier relationships are vital for supporting business growth.

Collaboration

Collaboration Suppliers Supply Chain Efficiency supply chain software solutions

How Supplier Auditors Protect Your Business’s Interests

Procurement Freelancers

NOVEMBER 29, 2024

In today’s fast-paced global market, dependable suppliers are essential for smooth business operations. But what… The post How Supplier Auditors Protect Your Business’s Interests first appeared on Procurement Blog | Procurement & Supply Chain News.

Suppliers

Suppliers Supply chain Procurement Supply

Building Stronger Relationships: Effective Approaches to Multi-Tier Supplier Collaboration

Jaggaer

OCTOBER 24, 2024

Building Stronger Relationship s : Effective Approaches to Multi-Tier Supplier Collaboration A chain is only as strong as its weakest link—but what if you can’t evaluate the entire chain? Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain.

Collaboration

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility

Can brands save profits without squeezing suppliers?

Procurement Leaders

JULY 10, 2023

While the reflex for many will be to squeeze suppliers, this isn’t the solution. Pressuring suppliers to drop prices only limits the resources with which they can work. Through trustworthy supplier data: the foundation on which brands can work together with all their suppliers towards cutting costs without conceding these vital goals.

Suppliers

Suppliers Data Risk Sustainability

5 Game-Changing Tools for Modern Supplier Auditors

Procurement Freelancers

JUNE 21, 2024

In today’s fast-paced business world, supplier auditors are like hidden stars. They are critical to… The post 5 Game-Changing Tools for Modern Supplier Auditors first appeared on Procurement Blog | Procurement & Supply Chain News.

Suppliers

Suppliers Supply chain Procurement Supply

How to Benchmark Supplier Diversity Performance

Art of Procurement

FEBRUARY 28, 2023

The post How to Benchmark Supplier Diversity Performance appeared first on Art of Procurement. If there were a shortlist of core procurement skills, benchmarking would undoubtedly be on it. And yet, for the ease.

Suppliers

Suppliers Procurement Data Management

Boosting Profit Margins with Efficient Supplier Audit Practices

Procurement Freelancers

DECEMBER 20, 2024

For businesses seeking guidance on supply chain optimization, supplier auditors play a crucial role in… The post Boosting Profit Margins with Efficient Supplier Audit Practices first appeared on Procurement Blog | Procurement & Supply Chain News.

Supply Chain Efficiency

Supply Chain Efficiency Suppliers Supply Chain Optimization Supply chain

Top 6 Trends Revolutionizing Supplier Auditing in 2024

Procurement Freelancers

JULY 20, 2024

Companies that are heavily invested in sourcing should do their utmost to keep their logistics… The post Top 6 Trends Revolutionizing Supplier Auditing in 2024 first appeared on Procurement Blog | Procurement & Supply Chain News.

Suppliers

Suppliers Logistics Supply chain Sourcing

What is Contract Management? Your Procurement Guide

ProcurePort

DECEMBER 3, 2020

To get the best value from each supplier contract, it is imperative to know and understand exactly what is contract management. Your Procurement Guide appeared first on ProcurePort Blog. An orderly contract management process can grow business and increase revenue. The post What is Contract Management?

Contract management

Contract management Contract Management Procurement

Discover the Ultimate Suppliers Sourcing Solution for Your Business

Procurement Freelancers

MAY 28, 2024

The identification and selection of the right suppliers is a very important factor in the… The post Discover the Ultimate Suppliers Sourcing Solution for Your Business first appeared on Procurement Blog | Procurement & Supply Chain News.

Sourcing

Sourcing Suppliers Supply chain Import

Boost Your ROI with Smart Suppliers Sourcing Solutions

Procurement Freelancers

JANUARY 18, 2025

The success of… The post Boost Your ROI with Smart Suppliers Sourcing Solutions first appeared on Procurement Blog | Procurement & Supply Chain News. In the competitive market of today, companies must make every dollar matter.

Sourcing

Sourcing Suppliers Supply chain Procurement

Building Strong Supplier Relationships with Consultants

Procurement Freelancers

NOVEMBER 11, 2024

Every day, businesses waste precious time and money because they don’t know the best ways… The post Building Strong Supplier Relationships with Consultants first appeared on Procurement Blog | Procurement & Supply Chain News.

Suppliers

Suppliers Supply chain Procurement Supply

What are the best Supply Chain Strategies for 2021

ivalua

NOVEMBER 26, 2020

In a blog at the very start of the COVID-19 outbreak when confirmed cases had just exceeded 40,000, we discussed the considerations for organizations facing the outbreak. We are now redefining the concept and levels of safety stock and strategic inventory within warehouses and at suppliers to ensure a bulwark against future disruptions. .

Agile and Lean Supply Chain

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Strategy

Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience

ivalua

FEBRUARY 8, 2023

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Create speed and transparency.

Supply chain resilience

Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain

How Strategic Purchasing Reduces Lead Times with Supplier Collaboration

Procurement Freelancers

DECEMBER 23, 2024

Keeping a competitive edge in a fast-paced, globalized economy is crucial, and long lead times… The post How Strategic Purchasing Reduces Lead Times with Supplier Collaboration first appeared on Procurement Blog | Procurement & Supply Chain News.

Purchasing

Purchasing Collaboration Suppliers Supply chain

Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

FEBRUARY 10, 2023

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. Let’s explore further.

Price

Price Strategy Sourcing Real-time Visibility

The Amazing Supply Chain of McDonalds

All Things Supply Chain

APRIL 11, 2022

*Disclaimer – This isn’t a commercial blog post.* Back in 1940, brothers Richard and Maurice McDonald, founded McDonalds in San Bernardino, California, USA. Flash forward to 2022 and the fast-food…

Supply chain

Supply chain Supply Sustainability Suppliers

Measuring the Right Supplier Performance Metrics

Supplier Diversity: From Checking-the-Box to a C-Suite Strategy

Webinars

Trending Sources

Using Supplier Management Software to Manage Supplier Risk

Webinars

How to Assess Supplier Risk Management in Procurement: An Overview, Report, and Checklist

Streamline Supplier Onboarding and Data Management with Supplier Management Software

Why Supplier Relationship Management Should Be Your First Focus

What is Supplier Management Software

Essential Guide to Supplier Collaboration

Here’s a comprehensive list of the top 100 skills that a Procurement Manager should master

Benefits of Supplier Quality Management

Top 12 Most-Read Supply Chain Articles Of SCMDOJO 2024

Supplier code of conduct: Guide, best practices and template

ESG goals are a risk management necessity — An interview with Peter Smith

7 Purchasing Negotiation Strategies Every Buyer Should Use

Supplier Diversity: From Checking the Box to Driving Business Strategy

Supplier Collaboration: Driving Innovation and Competitive Advantage

What is Sourcing Process in Procurement – A Complete Guide to Sourcing Processes [2022]

What is the Role of Suppliers in Supply Chain Management?

Supplier Collaboration: Fundamental to Elevating Manufacturing Performance

Supplier Contract Negotiation In Procurement: 5 Things to Remember

How to Choose the Best Suppliers with E-Sourcing Software

Supplier Order Management Software – Everything You Should Know

Procurement Category Management for Business

When is Direct Procurement Used?

5 Reasons to Automate Invoice Processing

Unleash The Power of the Business Spend Management (BSM)

How to use a supplier scorecard: Guide, examples and best practices

The Art of Supplier Collaboration: Best Practices to Build Lasting Partnerships

How Supplier Auditors Protect Your Business’s Interests

Building Stronger Relationships: Effective Approaches to Multi-Tier Supplier Collaboration

Can brands save profits without squeezing suppliers?

5 Game-Changing Tools for Modern Supplier Auditors

How to Benchmark Supplier Diversity Performance

Boosting Profit Margins with Efficient Supplier Audit Practices

Top 6 Trends Revolutionizing Supplier Auditing in 2024

What is Contract Management? Your Procurement Guide

Discover the Ultimate Suppliers Sourcing Solution for Your Business

Boost Your ROI with Smart Suppliers Sourcing Solutions

Building Strong Supplier Relationships with Consultants

What are the best Supply Chain Strategies for 2021

Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience

How Strategic Purchasing Reduces Lead Times with Supplier Collaboration

Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

The Amazing Supply Chain of McDonalds

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