Procurement Heads

NOVEMBER 15, 2022

Comprehend the business. Procurement roles are all about stakeholder management. Be flexible and align your own strengths with the needs of your stakeholders to ensure your strategies will have the most impact.

Procurement 130

Procurement Procurement team Budget Import 130

Supply Chain Game Changer

JULY 14, 2021

At their root, these two roles coexist with conflicting purposes, but function stronger together than they do apart, as they are — at times — seemingly contrary forces that actually are complementary, interconnected, and interdependent in any business. Procurement is fundamentally centered around the act of acquisition and/or buying.

Sustainability 98

Sustainability Procurement supply chain budgeting Agile and Lean Supply Chain 98

Procurement Insights

AUGUST 14, 2024

Each group faces different challenges and should approach the situation with a tailored strategy. The Broader Market Context: Coupa, Jaggaer, and Beyond Coupa’s acquisition by Thomas Bravo last year sent ripples through the industry, leading to shifts in its innovation strategy, marketing focus, and customer engagement.

Procurement 98

Procurement Vendor relationships Innovation Leadership 98

ivalua

DECEMBER 6, 2022

Procurement policy as a strong instrument to execute your P2P strategy . They contain much procurement jargon, are lengthy by nature, and are owned by a supportive function. In the blog, I will share ten best practices that any organization can adopt when implementing or improving their P2P practices.

e2e 130

e2e Suppliers Procurement Contract 130

Una

NOVEMBER 30, 2022

Procurement departments are adopting digital sourcing strategies to automate routine processes and fill employment gaps. Prioritizing a digital procurement strategy to gain competitive advantage. 81% believe more internal support is needed from within their businesses to realize digital transformation fully.

Procurement 97

Procurement Supply Chain Efficiency Supply Chain Optimization Supply chain 97

Procurement Insights

JUNE 3, 2024

Here is what came out of the AI world: A well-aligned pricing strategy in retail is crucial. Retailers must consider various factors, including cost, competition, and customer value, to optimize pricing and achieve business success. It directly impacts consumer perception, demand, and profitability.

Supply Chain Optimization 87

Supply Chain Optimization Price Supply chain Strategy 87

Procurement Insights

SEPTEMBER 17, 2024

Procurement Leaders Procurement Leaders offers a mix of research, case studies, and thought leadership articles aimed at senior procurement professionals. It covers supply chain trends, procurement strategy, and supplier innovation.

Chief Procurement Officer 69

Chief Procurement Officer supply chain software solutions Supply Chain Optimization Supply chain management 69

Procurement Insights

MARCH 5, 2024

Please share with anyone in your personal or professional network who might be interested” – Stuart Nicholas , Global End-to-End Supply Chain Strategy & Transformation Director – Costa Coffee (The Coca-Cola Company) “Our brand new, 2-year rotational programme starts in January 2024 and provides a fantastic opportunity to (..)

Procurement 84

Procurement Supply chain Negotiation Strategy 84

Procurement Insights

MARCH 27, 2025

For AdaptOne to stand out and win Byrne Dairys business, the best way to respond to the RFP is through a clear, customer-centric proposal that directly maps AdaptOnes strengths to Byrne’s stated needs.

Real-time Visibility 52

Real-time Visibility e2e Suppliers Supply Chain Efficiency 52

Una

MAY 2, 2023

The basics of small business procurement “Realistically, a company should consider putting formal procurement in place as they scale up, [although] scaling up could mean different things for different businesses.” 5 Benefits of Outsourcing a Procurement Function When Should You Outsource Procurement to a GPO?

supply chain software solutions 78

supply chain software solutions Procurement Supply chain Sourcing 78

World of Procurement blog

APRIL 23, 2024

Supply Chain Management Systems: Cover a broader spectrum, including inventory management, order management, and logistics, in addition to procurement. Spend Analysis Tools: Provide insights into spending patterns, helping businesses identify savings opportunities and improve procurement strategies.

supply chain software solutions 52

supply chain software solutions Supply Chain Efficiency supply chain budgeting Procurement 52

World of Procurement blog

APRIL 23, 2024

Supply Chain Management Systems: Cover a broader spectrum, including inventory management, order management, and logistics, in addition to procurement. Spend Analysis Tools: Provide insights into spending patterns, helping businesses identify savings opportunities and improve procurement strategies.

supply chain software solutions 52

supply chain software solutions Supply Chain Efficiency supply chain budgeting Procurement 52

Barkers Procurement

NOVEMBER 15, 2023

There are several different reasons why you might wish to optimise your procurement department. Your business or organisation could be entering a new growth phase or a growth strategy phase. Then there are more straightforward business reasons such as the need to control costs and increase profitability.

Procurement 52

Procurement supply chain budgeting Business strategy Strategy 52

Claritum

NOVEMBER 16, 2018

Claritum Article - Procurement Blog. Address Procurement Strategy. Focus Procurement on supplier optimisation. Don’t lose Procurement’s focus on costs. Keep Procurement up to date. Procurement is a complex multidisciplinary team activity that crosses all areas of the business. Introduction.

Procurement 69

Procurement Procurement team Supply Chain Efficiency Purchasing 69

Una

JUNE 22, 2023

Taking an Advisory Approach to Procurement An inside look at how Una, the nation’s fastest growing group purchasing organization, works to take an advisory approach to procurement. Utilizing these tools can drastically reduce the stressors that come along with developing and implementing a complete procurement strategy.

Procurement 52

Procurement Purchasing Procurement strategies Procurement team 52

Zycus Cognitive Procurement

DECEMBER 15, 2022

The best way to manage these risks is through a combination of strategic planning , risk assessment tools , and robust business continuity plans. With the right analytics tools and strategies in place, businesses can gain a significant competitive edge in today’s fast-paced business landscape.

Supply chain management 52

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 52

Finale Inventory

JUNE 24, 2024

Moreover, sales portals often come equipped with advanced analytics and reporting tools that allow businesses to track their sales performance, identify trends, and make data-driven decisions to optimize their operations. This helps businesses personalize their marketing strategies and provide targeted offers to their customers.

Inventory 52

Inventory Supply Chain Efficiency Supply Chain Optimization Purchasing 52

The Good Spending

SEPTEMBER 17, 2024

More importantly, how do you decide based on the risk and impact of the item being procured? While traditional procurement approaches often focus on linear strategies like negotiation or optimization, Game Theory offers a more dynamic framework for decision-making. Game Theory applied to Kraljic Matrix. Kraljic quadrant.)

Procurement 45

Procurement Buyers Negotiation Risk 45

Una

JUNE 6, 2024

One powerful way procurement can contribute is through intentional supplier selection and management. By prioritizing local and minority-owned businesses , procurement can ensure that a company’s economic impact stays within the community.

Procurement team 52

Procurement team Ethics Suppliers Procurement 52

The Good Spending

MAY 28, 2023

Here we assume that the interaction with end-users will happen via the Procurement Service Desk in Middle Office, the sourcing function will reside in Front Office alongside the Category Management and Front Office will also include the Strategy, Analytics, and Functional Development capabilities.

Procurement team 52

Procurement team Procurement Category management Sourcing 52

Procurify

MAY 12, 2022

Procurement, on the other hand, is the process of sourcing and purchasing the goods and services a company needs to fulfill its business objectives, usually from an external source, like a third-party vendor or supplier. . An effective procurement strategy can do many things. Steps in the procurement process.

Purchasing 52

Purchasing Procurement Purchase orders Cost of ownership 52

SCMDOJO

SEPTEMBER 18, 2023

This may involve measures such as establishing long-term contracts, implementing risk management strategies, and building strong relationships with trusted suppliers. While it is a downstream activity compared to procurement, it is integral to ensuring timely availability of goods for production or distribution.

Procurement 105

Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 105

Empowering CPO

JUNE 9, 2023

The Importance of Procurement in Business Procurement is the lifeblood of any business. It is the process of sourcing, negotiating, and purchasing the goods and services a business requires to carry out its operations. They serve as the foundation upon which procurement strategies are built and evaluated.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

Barkers Procurement

OCTOBER 2, 2023

Why A Procurement Managed Service Can Transform Your Business Procurement is about more than just acquiring goods and services at the right time and at the best price for your business. You have to plan your procurement and align it with the overarching goals of the organisaton.

Management 52

Management Procurement Contract Contract management 52

Pipefy

DECEMBER 18, 2023

Procurement teams also want less time spent on “low-value” work caused by inefficient and manual purchasing processes so they can focus on innovative high-level activities. Frees up the time they want to focus on strategy. This means a solution that: Maintains oversight of purchasing patterns overalls. Reduces the need to outsource.

Procurement 52

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

Positive Purchasing

NOVEMBER 7, 2022

Third, can we in procurement stop talking to ourselves and start engaging with others who are part of the business? Procurement people need to understand what the business objectives are and, with that, start to create a strategy to support the organization to achieve them.

Sustainability 52

Sustainability Procurement Price Suppliers 52

Skill Dynamics

OCTOBER 26, 2022

Nine in ten (91%) of senior procurement professionals report struggling to find specific skills in new or prospective recruits, including skills in procurement strategy (46%), digital procurement (34%), and project management (33%). At the same time, leaders struggle to fill the talent gaps with the necessary skills.

supply chain budgeting 52

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

Procurement Software

OCTOBER 1, 2024

Acknowledge the challenges at the outset, in terms of being able to put an effective digital procurement transformation strategy in place. But without the basics, your team is like a sailing crew without a compass. We’ve covered on previous podcasts and in past articles some of the challenges.

Procurement 52

Procurement Procurement team Influencing Real-time Visibility 52

Procurement Insights

JULY 31, 2023

The following April 2023 excerpt from an Amazon post suggests that the company recognizes and is actively pursuing a strategy that goes beyond the traditional B2C model: “The Amazon Business team is committed to long-term success of their business and its customers.

Procurement 52

Procurement Price Innovation Purchasing 52

Pipefy

NOVEMBER 3, 2023

6 most common procurement pain points No matter the scale of a business, procurement is a complex process made up of many moving people, processes, and systems. Processes also evolve in response to business strategy and shifts in the market. Pipefy, 2023.

Procurement 52

Procurement Procurement team Supply Chain Efficiency Agile and Lean Supply Chain 52

Claritum

AUGUST 4, 2020

Later in this article we will cover the areas that Procurement, with the noise removed, is now able to focus on. Address procurment strategy. impossible to strategize if day to day procurement transactions are. Having removed the noise, you can now place the Procurement team’s. all impact on your business.

Procurement 41

Procurement Procurement team Supply Chain Efficiency Purchasing 41

The Good Spending

MAY 27, 2024

Servitization often involves a shift in business strategy, organizational structure, and capabilities to support delivering these integrated solutions. By integrating services with products, companies aim to build longer-lasting customer relationships, increase revenue streams, and differentiate themselves in competitive markets.

Supply Chain Efficiency 59

Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions Supply Chain Optimization 59

The Good Spending

JANUARY 13, 2024

As companies have come to depend increasingly on technology to carry out daily business activities, managing these licenses and applications has become an essential part of their investment strategy. The goal is to get the most out of these investments at every lifecycle stage. Briefly, SAM is expected to accomplish all of the above.

Contract management 59

Contract management Negotiation Contract Demand 59

Arkestro

MARCH 2, 2023

Prochaska encourages teams to have a forward thinking approach: “Procurement has the opportunity to focus not on the spend with a supplier over the last 24 months , but what’s the activity that I can predict in the marketplace to secure a better price, better value, and better supply.” What once previously worked may no longer be a reality.

Procurement 52

Procurement Procurement team Price Suppliers 52

Arkestro

MARCH 2, 2023

Prochaska encourages teams to have a forward thinking approach: “Procurement has the opportunity to focus not on the spend with a supplier over the last 24 months , but what’s the activity that I can predict in the marketplace to secure a better price, better value, and better supply.” What once previously worked may no longer be a reality.

Procurement 52

Procurement Procurement team Price Suppliers 52

The Good Spending

AUGUST 16, 2022

We welcome any opportunity to form a cross-functional team with anyone who can bring business value - through supply chain strategies, sales and operations planning, inventory management, BPO , alliances , etc. We find peers everywhere, even behind the enemy lines. That way, we become brokers, advisors, and ultimately - partners!

Supply Chain Efficiency 52

Supply Chain Efficiency Collaboration Supply Chain Optimization supply chain budgeting 52

The Good Spending

DECEMBER 14, 2023

Contract Terms and Renewals Clarity on contract terms, renewal conditions, and exit strategies is imperative. Service Level Agreements (SLAs) Negotiating SLAs is critical to establish clear expectations regarding uptime, performance metrics, customer support quality, issue resolution timelines, and penalties for non-compliance.

Negotiation 59

Negotiation Procurement Contract Price 59