Procurement Templates

FEBRUARY 13, 2024

Risk of Sterility: Procurement processes often prioritize standardization and uniformity, which could result in Valentine’s Day celebrations feeling impersonal or sterile.

Procurement 264

Procurement Procurement team Budget Negotiation 264

Skill Dynamics

JANUARY 14, 2025

Procurement is often an overlooked area within organizations, working behind the scenes to ensure businesses have the goods and services they need to operate at their best. Considering its importance, it makes sense that modern procurement teams have a structured approach to developing essential skills and capabilities.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

Jaggaer

MARCH 24, 2025

Impact on Procurement: Gen AI leverages vast datasets to generate actionable insights, helping procurement teams predict future trends, such as market shifts, supplier performance, and demand fluctuations. How JAGGAER Helps JAGGAERs ESG solutions help procurement teams integrate sustainability into their sourcing strategies.

Procurement 52

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

Supply Chain Game Changer

MARCH 18, 2021

Procurement teams article and permission to publish here provided by Sam Jenks. Procurement is a function that has long been at cross-roads; dare to transform within people, process & technology, or keep doing what has always worked just fine. Leadership is vital within any team. Subscribe Here! Email Address.

Procurement team 61

Procurement team Procurement supply chain budgeting Agile and Lean Supply Chain 61

Procurement Insights

JANUARY 28, 2025

It made me think of many things, but one question popped into my head: What percentage of procurement professionals use spreadsheets? – A survey by SpendHQ and Procurious revealed that 73% of procurement teams still track metrics using spreadsheets and other inefficient tools.

Budget 52

Budget Procurement team Procurement Management 52

Spend Matters

FEBRUARY 26, 2025

Recent successes include: In 2024, 321 new government procurement teams were onboarded. And in collaboration with NIGPs RMGPA chapter and Colorados OEDIT department, SOVRA will host The Small Business Showcase at the NIGP Forum in Denver to highlight small businesses looking to expand their presence in public procurement.

Procurement 116

Procurement Bidding Contract management Data 116

Procurement Software

MARCH 16, 2025

Digital procurement tools centralise procurement data in one app – or maybe several apps that all talk to one another – ensuring accuracy and real-time updates. As a result of better data, procurement teams gain a whole range of benefits. Digital procurement tools are the enabler to free up time for these.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

Procurement Tactics

JULY 2, 2023

Budget Control When it comes to maintaining budgetary control throughout the entire procurement process, job orders are crucial. Managers and businesses may be able to monitor their expenditures in comparison with the approved and allocated budget by indicating expected costs and financial parameters in a job order.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

Arkestro

DECEMBER 5, 2024

It leverages advanced technologies to optimize and automate procurement cycles and predict more favorable outcomes. Its real-time insights allow procurement teams to respond swiftly and effectively to changing market conditions and component availability.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply Chain Efficiency Supply chain resilience 52

ivalua

SEPTEMBER 28, 2020

So for the last decade the Procurement teams have been pushing the ‘No-PO, No Pay’ mantra, it’s now even ‘Government Policy’. However, ask any AP team member, in any company and they’ll tell you it’s impossible, ‘our business just doesn’t work like that!’ Is the tax and budget allocation information correct?

supply chain budgeting 237

supply chain budgeting Purchase orders Networking Buyers 237

Jaggaer

MARCH 20, 2025

Uncertainty around federal and state policy changes poses a significant challenge for procurement leaders across all types of higher education institutions. Community colleges, public universities, and private institutions alike must navigate the potential for budget cuts, shifts in federal aid programs, and changing regulatory requirements.

supply chain budgeting 52

supply chain budgeting Procurement Budget Supply Chain Efficiency 52

Jaggaer

MARCH 7, 2025

But what does the future hold for public procurement, and how can technology fine-tune the process to perfection? Why Modernizing Government Procurement Matters Government procurement is a complex process, often involving multiple stakeholders, large-scale budgets, and stringent regulatory requirements.

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility Procurement Supply Chain Optimization 52

Procurement Insights

DECEMBER 20, 2024

Enables procurement teams to capitalize on supplier cost reductions (e.g., 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

World of Procurement blog

MAY 10, 2024

The Promise of AI for Procurement Teams Artificial intelligence (AI) has the potential to transform and revolutionize procurement processes. By combining spend visibility with insights from AI, procurement teams are better equipped to implement category-specific cost savings initiatives.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Planergy

OCTOBER 25, 2022

7 Tips For Managing Project Budgets Successfully. Budget Management Procurement Project Management. Start with a Realistic Project Budget. Review Your Budget Regularly. Managing a project budget is no small feat. Here are seven tips for managing project budgets successfully. What is a Project Budget?

Budget 52

Budget Management Project management Import 52

NLPA (Next Level Purchasing Association)

FEBRUARY 2, 2024

This article dives into 7 situations where process improvement can revolutionize your procurement team and skyrocket your bottom line. Cost Creep is Eating Away at Your Budget: Let’s face it, procurement inefficiencies can be a silent budget killer. Is your procurement team facing any of these situations?

Procurement team 52

Procurement team Procurement Risk Collaboration 52

Planergy

FEBRUARY 24, 2025

Key Steps in the Education Procurement Process Needs Assessment Institutions must thoroughly understand their requirements before making any purchase. 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

The Procuretech Podcast

APRIL 16, 2024

This week on The Procurement Software Podcast, host James delves into the concept of creating the ideal procurement team by combining human expertise with technology. Join the discussion on how to merge human talent with technological advancements to elevate procurement's efficiency and added value to new heights.

Procurement team 40

Procurement team Procurement Category management Budget 40

ivalua

AUGUST 29, 2019

At the same time, two-thirds (66%) of businesses admitted they were still reliant on such processes as part of their Procurement or supplier management function. Procurement is perfectly placed to help manage this growing risk landscape, support innovation and create sustainable cost savings.

Procurement 164

Procurement supply chain budgeting Procurement team Supply chain 164

ivalua

MARCH 26, 2019

We know that Procurement is going through a huge transformation, and we know that some departments are charging ahead while others are just getting started, but this is what The Hackett Group says Procurement teams are evolving into in 2019 and in the years to come.

Eprocurement 113

Eprocurement Supplier relationship management Procurement Procurement team 113

Procurement Software

FEBRUARY 9, 2025

Procurement software for SMEs (Small and Medium-sized Enterprises) is often an overlooked area. The procuretech space is dominated by solutions geared towards larger enterprises with substantial budgets. These companies offer tailored solutions that address unique challenges faced by businesses with small procurement teams.

Procurement 59

Procurement Price Budget Procurement team 59

ivalua

APRIL 23, 2021

The book gives a clear view of the benefits of cross functional collaboration for procurement and also some actionable insights as to how procurement can foster collaboration with other areas of the business. . By supporting the budget holders they can then deliver value to the organisation.

Collaboration 130

Collaboration Procurement team supply chain budgeting Bill of materials 130

Spend Matters

JANUARY 12, 2024

Procurement priorities will shift as budgets increase Driven by expected budget increases in 2024, procurement teams globally will make a dramatic shift in how they spend their time, placing an added emphasis on pursuing ESG goals.

Procurement solutions 111

Procurement solutions Procurement supply chain budgeting Procurement team 111

Procurement Heads

NOVEMBER 15, 2022

Procurement roles are all about stakeholder management. Meet with the key personnel to understand their expectations and understand your responsibility in terms of spend, budgets, organisational strengths and weaknesses. The importance of the procurement team is more clearly recognised in some organisations and less so in others.

Procurement 130

Procurement Procurement team Budget Import 130

Procurement Templates

MARCH 3, 2024

Risk Assessment : Identifying potential risks associated with procurement activities is essential for effective planning and mitigation. Risks may include budget constraints, supply chain disruptions, quality issues, legal compliance, etc.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

ivalua

OCTOBER 13, 2022

However, the report, produced by Procurement Leaders in partnership with Ivalua, shows that only 31% of procurement professionals said they are satisfied or very satisfied with their organization’s current visibility over its supply chain.

Supply Chain Efficiency 130

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

Procurement Insights

APRIL 10, 2025

Below, we break down each of the 10 procurement nightmares from Jon Hansens analysisand how Zycus directly addresses them. High Failure Rates of Implementations The Nightmare: Up to 70% of ERP/procurement tech projects fail due to scope creep, budget blowouts, or outright abandonment.

supply chain budgeting 52

supply chain budgeting Budget Negotiation Procurement 52

Procurement Tactics

JUNE 22, 2023

Blanket Purchase Order Used for recurring or ongoing purchases They are designed for ongoing requirements within a predetermined timeframe or budget. ” But what is it exactly, and how can it benefit your organization? They are used when a buyer has a specific immediate need.

Purchase orders 191

Purchase orders Purchasing Quantity Buyers 191

ivalua

APRIL 20, 2023

With an intuitive e-commerce experience, Ivalua’s eProcurement platform will help Hutchinson globalize and streamline purchase requisitions, digitalize and automate large volumes of purchase orders, simplify receiving processes, and improve budget tracking.

Eprocurement 130

Eprocurement Procurement Supplier relationship management Spend management 130

Una

SEPTEMBER 6, 2022

Have you ever been asked to “do more with less” in procurement? Perhaps the size of your team has been reduced, your function’s operating budget has been cut, or there is an organization-wide drive to eliminate waste and increase efficiency. Running a procurement function with a small centralized team or with only one person.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain supply chain budgeting Procurement Procurement strategies 98

ivalua

NOVEMBER 29, 2021

Lifted from their latest webinar, Jean-Baptiste Anne from Amazon Business and Vishal Patel from Ivalua offer insights into tail spend management programs and the ROI these programs can generate for procurement teams. . Budgeting challenges as tail spend typically often not planned for . Tail Spend Challenges.

Buyers 130

Buyers Real-time Visibility Purchasing Spend management 130

Procurement Tactics

JUNE 28, 2023

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. It also ensures that the procurement process is aligned with financial targets and objectives.

Supply Chain Efficiency 178

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

Barkers Procurement

JANUARY 13, 2025

The entire procurement function had been through a period of significant change, particularly within the technology category, which had a budget worth hundreds of millions of pounds.

Bidding 52

Bidding Contract management Contract Procurement team 52

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

OCTOBER 13, 2022

However, not many people know their real role in procurement. . We will discuss the role of strategic sourcing managers within the procurement team and their responsibilities in a company. In this article, we will discuss what a strategic sourcing manager is.

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

ivalua

FEBRUARY 27, 2023

How Inflation Impacts Procurement Inflation affects a number of aspects within the Manufacturing supply chain, including the ability to compete in the market, financial performance, and overall strategy. Manufacturers, take charge of your supply chain!

Real-time Visibility 130

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

ivalua

NOVEMBER 7, 2019

“Manufacturers face significant and complex challenges to ensure their products are launched on time, on budget and meet the highest possible quality standards,” said Pascal Bensoussan, Chief Product Officer.

Innovation 22

Innovation Bill of materials Supply Chain Efficiency Management 22