Procurement Tactics

MAY 22, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter RFP Evaluation Criteria Best Practices RFP evaluation criteria best practices are ways you can do to make your RFP process to be efficient, consistent, and transparent. However, what are these best practices?

Bidding 212

Bidding Budget Quality Negotiation 212

Procurement Templates

FEBRUARY 13, 2024

Focus on Cost-Cutting: Procurement teams are accustomed to seeking the best deals and negotiating prices, potentially leading to a focus on budget constraints rather than the sentiment behind Valentine’s Day.

Procurement 264

Procurement Procurement team Budget Negotiation 264

ivalua

JANUARY 13, 2021

– Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels. Users only see information that is relevant to them, i.e. Requisitioners see expected delivery dates, Managers their budget consumption, Accounts Payable their pending invoices.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Budget 235

Procurement Tactics

JUNE 22, 2023

Negotiation Course Learn from industry experts who negotiated billion $ deals 2. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2. Payment terms and pricing are typically negotiated for each purchase.  Menu Course Library 1.

Purchase orders 191

Purchase orders Purchasing Quantity Buyers 191

Skill Dynamics

JANUARY 14, 2025

A typical procurement competency framework covers several key areas, including but not limited to strategic sourcing, supplier management, risk management, and contract negotiation. Negotiation Your procurement specialists must be able to negotiate effectively with your suppliers.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

Procurement Tactics

JUNE 28, 2023

Negotiation Course Learn from industry experts who negotiated billion $ deals 2. Budget and Cost Control Procurement expenditures, monitoring variations in the cost and identifying opportunities for savings, and avoiding unnecessary costs shall be monitored in accordance with the approved budget.  Menu Course Library 1.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

ivalua

SEPTEMBER 13, 2020

For organizations, this means employees can easily and quickly buy all the goods and services need from preferred contracts, ensures they stay within budget and work with required approvals. Buying at negotiated prices and within budget. Supplier, contract, legal tax and policy compliance. Reduced errors, fraud and risk.

e2e 204

e2e Procurement Budget Contract 204

Procurement Tactics

MAY 30, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Procurement Managers — The Ultimate Guide Procurement managers are not easy, but the role is rewarding, interesting, and crucial to the success of a business. However, what are their roles in procurement?

Management 178

Management supply chain budgeting Procurement Negotiation 178

Procurement Tactics

SEPTEMBER 2, 2022

Cost avoidance is not something that you can see or measure in the financial statements or budget of the organization. . Want to take your negotiation results to the next level? Cost savings are reflected in both the financial statements and the budget of the company, unlike cost avoidance. Price Negotiations.

Budget 130

Budget Price negotiations Negotiation Price 130

Procurement Tactics

OCTOBER 13, 2022

A strategic sourcing manager is common in large enterprises with a huge procurement budget and works with various suppliers that are in different places. . Want to become a Negotiation Game Changer? Create negotiation strategies and secure profitable deals. Negotiation skills. Online Certification Program. ?

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

Spend Matters

FEBRUARY 25, 2025

Add to that lack of water-tight contracts, badly negotiated terms, money leakage, non-compliance Yet at the end of the day, its the business that has the most to gain: getting rid of inefficient manual data processes and paper-based comms trails, gaining visibility and reducing risk. Adoption will not happen automatically.

Real-time Visibility 113

Real-time Visibility e2e Procurement Negotiation 113

Procurement Tactics

MARCH 16, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Strategic Procurement — Everything You Should Know Strategic procurement allows businesses to meet the demand of the current procurement landscape by making sense of the data and automating the procurement process.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

Planergy

FEBRUARY 24, 2025

Educational leaders use strategic procurement to negotiate favorable contracts, explore innovative solutions, and drive institutional efficiency. This involves consulting educators, administrators, and department heads to identify specific needs, performance expectations, and budget constraints.

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

Procurement Tactics

JUNE 5, 2023

The CPI can also indicate whether a specific task is exceeding the budget or not, providing a snapshot of its cost efficiency. As the CPI constantly fluctuates as more work is done, projects may be unstable between going over and under budget. Why Does the Cost Performance Index Fluctuate? For example, if the CPI is 0.9,

Project management 145

Project management Budget Procurement strategies Negotiation 145

SCMDOJO

FEBRUARY 26, 2025

Procurement Cost Efficiency CPI can track procurement cost efficiency by comparing budgeted vs. actual spending on raw materials and supplies. indicates cost inefficiency, signaling a need for supplier negotiations or alternative sourcing strategies. al, negotiating better rates , or consolidating shipments. A CPI of 0.83

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Raw materials 52

ivalua

FEBRUARY 10, 2023

It also has an impact on procurement teams as they are responsible for managing supplier relationships, identifying opportunities for cost savings, and ensuring that goods and services are delivered on time and within budget. This helps ensure your contracts remain favorable and that all stakeholders comply with the negotiated terms.

Price 264

Price Strategy Sourcing Real-time Visibility 264

Procurement Insights

DECEMBER 20, 2024

commodities) and provides actionable insights for negotiating better prices. Focused on Supplier Engagement: Payback comes through better negotiation outcomes, especially in high-value or high-volume procurement categories. Best Fit: Small teams or organizations with simple procurement needs and limited budgets.

supply chain budgeting 58

supply chain budgeting Procurement Raw materials Supplier negotiation 58

Procurement Tactics

APRIL 20, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Community — Embracing Sustainability A sustainable community is one of the aims of integrating sustainability in every business. This article will discuss what sustainable procurement and community are.

Sustainability 204

Sustainability Procurement strategies Negotiation Procurement 204

Planergy

FEBRUARY 24, 2025

Address challenges like tight budgets and high transaction volumes with smart planning and collaboration. Keeping AP organized makes budgeting easier and helps schools build good relationships with vendors by being reliable payers. Negotiate Terms Schools can negotiate terms with vendors instead of sticking to the default payment plan.

Management 52

Management Budget Negotiation Purchasing 52

Jaggaer

MARCH 24, 2025

Together, they enable procurement teams to move from reactive to proactive, optimizing sourcing strategies, improving supplier negotiations, and ensuring more accurate, real-time decision-making. Predictive AI, on the other hand, uses historical data to forecast potential disruptions, price changes, and supply chain risks.

Procurement 52

Procurement Supply Chain Optimization Real-time Visibility supply chain budgeting 52

Procurement Tactics

JULY 17, 2023

Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2. You want a tool that fits your budget and gives you the best value for your money. Negotiation Course For Procurement Professionals You'll get a certificate after completing the course LEARN MORE Rated 9.2/10

Contract management 189

Contract management Contract Management Negotiation 189

Procurement Tactics

OCTOBER 18, 2022

Want to become a Negotiation Game Changer? Many companies benefit from the software as it offers improved visibility into the supply chain and enables cost traceability for enhanced budget management. . Having SRM software allows you to develop stronger supplier relationships and negotiate better contract terms with your suppliers. .

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

Procurement Insights

JANUARY 3, 2025

Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.

Agile and Lean Supply Chain 52

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

Procurement Tactics

APRIL 27, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Kotter’s Theory — Embracing Sustainability in Procurement Kotter’s theory of change helps companies to introduce change in the business. However, what is it?

Sustainability 213

Sustainability Procurement Negotiation Strategy 213

Procurement Insights

MARCH 16, 2025

Contextualized Spend Analysis & Cost Optimization AI models use MCP to remember previous spend categories, budget constraints, and organizational purchasing behavior. MCP ensures that AI remembers preferred bid evaluation metrics , supplier preferences, and prior negotiations.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

Jaggaer

MARCH 20, 2025

Community colleges, public universities, and private institutions alike must navigate the potential for budget cuts, shifts in federal aid programs, and changing regulatory requirements. Budget Shortfalls First, the good news. Here are seven challenges that your institution might be tackling: 1.

supply chain budgeting 52

supply chain budgeting Procurement Budget Supply Chain Efficiency 52

Procurement Tactics

AUGUST 25, 2022

Omid Ghamami is one of the most globally recognized thought leaders in the field of purchasing and sales negotiations. Trillion budget. . Want to take your negotiation results to the next level? Marijn Overvest lives in the Netherlands and likes to cycle when he is not negotiating. Omid Ghamami. Editor's note: Hi there!

Procurement 231

Procurement Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 231

Procurement Express

MARCH 9, 2025

If your company relies on vendors, an efficient purchase order (PO) system is essential for keeping cash flow predictable and preventing budget surprises. Tracking vendor performance and pricing over time also gives you leverage for negotiating better terms. That leads to duplicate orders, missed payments, and an accounting headache.

Purchase orders 52

Purchase orders Purchasing Real-time Visibility Budget 52

Arkestro

DECEMBER 5, 2024

Automates Negotiations Arkestro’s powerful AI-powered capabilities help automate negotiations by predicting supplier behavior, market trends, and optimal negotiation strategies. These insights allow procurement teams to anticipate market changes, manage risks, and make proactive decisions that align with organizational goals.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply Chain Efficiency Supply chain resilience 52

Procurement Tactics

MAY 8, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter CPFR in Supply Chain — Everything You Should Know CPFR in supply chain allows both businesses and suppliers to fulfill customer demand. However, what is it? CERTIFICATE COURSES Related courses about this subject 1.

Supply Chain Efficiency 200

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 200

Procurement Tactics

JULY 20, 2023

Negotiation Course Learn from industry experts who negotiated billion $ deals 2. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2. Negotiation Course For Procurement Professionals You'll get a certificate after completing the course LEARN MORE Rated 9.2/10

supply chain software solutions 134

supply chain software solutions Suppliers Management Purchase orders 134

Procurement Tactics

MAY 9, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Invoice Reconciliation — Everything You Should Know Invoice reconciliation can help businesses in fixing issues regarding payments. However, many people view it as a minor task.

Purchase orders 182

Purchase orders Negotiation Purchasing Procurement strategies 182

Procurement Insights

APRIL 10, 2025

With Zycus’s built-in, GenAI-powered Source-to-Pay (S2P) suite and agentic AI capabilities like Autonomous Negotiation Agents (ANA) and the Merlin AI platform , CPOs can move from firefighting to foresight. But these challenges dont need to define the future.

supply chain budgeting 52

supply chain budgeting Budget Negotiation Procurement 52

Procurement Leaders

SEPTEMBER 16, 2024

With hungry CFOs desperate for bottom-line impact and budget-protecting functional heads keen to reallocate cost, rather than return it to the central pot, it’s a complex and emotive issue. As Carel Aucamp, CPO at BAT, tells us: “Delivering savings is 70% of my job, but we don’t look at savings as the end point of a negotiation.

Budget 130

Budget Strategic planning Leadership Negotiation 130

Procurement Tactics

DECEMBER 6, 2022

Although spend management is commonly executed by procurement, it impacts many internal and external stakeholders of a company concerned with budgeting and planning the company’s future profitability. . Just like budgeting at home, a household allocates a budget in which spending and savings are addressed for the full month.

Spend management 172

Spend management Management Real-time Visibility Budget 172

ivalua

SEPTEMBER 13, 2020

For organizations, this means employees can easily and quickly buy all the goods and services need from preferred contracts, ensures they stay within budget and work with required approvals. Buying at negotiated prices and within budget. Supplier, contract, legal tax and policy compliance. Reduced errors, fraud and risk.

e2e 147

e2e Procurement Budget Contract 147

Procurement Tactics

JULY 18, 2022

Procurement usually has a specific budget they can spend to procure the goods or services. Want to take your negotiation results to the next level? Usually, this is where the company decides how much budget will be given to the procurement manager or department. Negotiation phase. How Does Procurement Work? ENROLL NOW.

Procurement 130

Procurement Negotiation Vendor relationships Purchasing 130