Procurement Tactics

APRIL 23, 2023

Establish standards based on current international norms of conduct rather than creating new ones to avoid weakening international law and to avoid conflicting requirements for suppliers with numerous buyers. Key business executives from cross-functional teams should be involved in the code’s creation and support.

Sustainability 177

Sustainability Suppliers Supply Chain Efficiency Chief Procurement Officer 177

Spend Matters

MARCH 27, 2023

In fact, according to Deloitte’s 2021 chief procurement officer survey, poor quality of data is a top issue for CPO’s across the board (in fact, poor quality data is a reoccurring top issue in Deloitte’s CPO survey). It can function independently or as a partner to commonly used transaction systems.

Suppliers 96

Suppliers Data Chief Procurement Officer Management 96

Jaggaer

FEBRUARY 20, 2025

And if your organization is big enough to need a Chief Procurement Officer , that person is directly or indirectly responsible for every stage of that journey. The term refers to the entire journeyfrom finding suppliers and negotiating contracts to finalizing agreements and making the final payment for goods.

Sourcing 52

Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

ivalua

MARCH 3, 2020

Indeed, to build relevant partnerships, Procurement must grasp its company’s challenges and its future areas of development, in a few words, get a much broader view beyond the often narrow procurement lens. How can Procurement adapt its processes to better collaborate with startups?

Procurement 182

Procurement Innovation Chief Procurement Officer Collaboration 182

Procurement Leaders

JUNE 9, 2022

T-Mobile’s supplier diversity team works across all three of the company’s category teams (Network Infrastructure, Technology and Enterprise Procurement, and Supply Chain) to deliver its initiatives. The CPO is responsible for setting function-wide supplier diversity targets, which all procurement teams are expected to support.

Supply chain 130

Supply chain Supply Procurement team Suppliers 130

Spend Matters

AUGUST 8, 2023

Continuing our series of analyst observations on procurement tech market movements, this week we are considering the shift in CPO priorities towards supply-related risks. Plus, some solutions are dependent on a tier-one supplier identifying tier-two suppliers (and the extent of utilization), and so on down the chain.

Risk management 98

Risk management Risk Management supply chain budgeting 98

HICX

AUGUST 9, 2023

By Costas Xyloyiannis, CEO of HICX Developing relationships between buyers and suppliers isn’t just good for business, it can bolster ESG efforts. What’s clear from Deloitte’s Global Chief Procurement Officer Survey 2023 is that environmental and social governance (ESG) is now firmly on the corporate agenda.

Chief Procurement Officer 52

Chief Procurement Officer Suppliers Data Collaboration 52

Arkestro

APRIL 2, 2024

Summary This report provides a comprehensive overview of the challenges and opportunities procurement teams are expected to face in 2024. Despite the aversion of a recession and a slowdown in inflation, Chief Procurement Officers (CPOs) still encounter a high level of economic and market uncertainty.

Chief Procurement Officer 52

Chief Procurement Officer Procurement Procurement team Buyers 52

Procurement Insights

JANUARY 12, 2024

However, the heart of source-to-pay lies in indirect goods and services – the domain of the Chief Procurement Officer (CPO). While the direct spend is almost always optimized to within an inch of its life, leaving very little room for further savings, indirect often takes a backseat.

Chief Procurement Officer 75

Chief Procurement Officer Negotiation Buyers Procurement 75

SCMDOJO

FEBRUARY 13, 2023

The procurement department encompasses all steps in acquiring goods, services, and works from external suppliers and performs various functions such as managing the procurement process, developing strong relationships with internal stakeholders, and negotiating contracts.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

Jaggaer

JUNE 28, 2024

Riyadh, Saudi Arabia, 11 June, 2024: JAGGAER, the global leader in strategic sourcing and procurement, has held a series of roundtables in Saudi Arabia and the UAE to address the top priorities for Chief Procurement Officers (CPOs).

Chief Procurement Officer 52

Chief Procurement Officer Strategic sourcing Strategic sourcing supply chain software solutions 52

Supply Chain Game Changer

AUGUST 5, 2021

In 2021, procurement organizations will require inspirational, innovative, and pragmatic leaders to ensure procurement excellence. There are 3 things you need in order to modernize supplier evaluation, and truly gain data-driven buyer insights, and those are as follows: Clear KPIs / Supplier Evaluation Criteria (the What).

Suppliers 98

Suppliers Management Supply Chain Efficiency Agile and Lean Supply Chain 98

Una

AUGUST 17, 2022

There are dozens of definitions of tail spend in circulation, but here are the main features you need to know: Tail spend is not actively managed by the procurement team. It's decentralized by buyers in the business (not procurement people). The transactions are under the spend threshold. Tail spend and sub-threshold spend.

Real-time Visibility 98

Real-time Visibility Spend management Procurement team Purchasing 98

Jaggaer

OCTOBER 24, 2024

Maximizing Cost Savings Through Strategic Supplier Collaboration With the growing emphasis on long-term value creation, Chief Procurement Officers are increasingly turning to supplier collaboration as a cornerstone of cost reduction. To succeed, procurement needs accurate forecasts of the probability of on-time delivery.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain budgeting 52

Empowering CPO

DECEMBER 3, 2020

Chief Procurement Officers (CPOs) are daunted with the demanding task of identifying and breaking these cartels. As Chief procurement officers (CPOs), you have to identify and break these cartels, especially in a reverse auction process. This will ascertain a stronger buyer-supplier bond with them.

Bidding 52

Bidding Chief Procurement Officer Strategic sourcing Strategic sourcing 52

Spend Matters

DECEMBER 28, 2023

Geopolitics becomes a procurement issue Supply chain resilience will assume new meaning, with geopolitical tension presenting a complex puzzle for any global business. Chief Procurement Officers will come under mounting pressure to accelerate supply chain reconfiguration efforts started during the pandemic.

Procurement solutions 55

Procurement solutions Procurement Chief Procurement Officer Procurement team 55

Jaggaer

DECEMBER 13, 2024

S2P integrates various functions and technologies to streamline operations, improve decision-making, and foster continuous improvement in procurement practices. The Chief Procurement Officer (CPO) should prioritize effectiveness and efficiency across Source-to-Pay in its entiret y.

Sourcing 52

Sourcing Contract Procurement Chief Procurement Officer 52

Positive Purchasing

APRIL 3, 2023

Jonathan O’Brien’s Sustainable Procurement provides comprehensive insights into the tools, tactics, and strategies procurement teams can put into practice to drive CSR best practices and measure their results.” A must read for all procurement and sustainability professionals today.”

Sustainability 52

Sustainability Supply chain Chief Procurement Officer Supplier relationship management 52

Slimstock

MARCH 26, 2019

4 Ways to Improve Procurement. This might seem like a simple and obvious way to improve your procurement operations, but maintaining a positive supplier-buyer relationship is a vital component in ensuring good delivery, service, and quality. Maintain Good Supplier Relationships. Increase Employee Training and Development.

Procurement 66

Procurement Chief Procurement Officer Supply Chain Optimization Raw materials 66

Jaggaer

OCTOBER 6, 2020

Scott Schlotthauer Chief Procurement Officer Oklahoma State University. We were challenged by suppliers on just a couple of occasions, but our buyers were very quickly able to drill into the history of the bid event and definitively establish there were no issues,” said Schlotthauer.

Sourcing 52

Sourcing Bidding Chief Procurement Officer Competitive bidding 52

Procurement Software

NOVEMBER 21, 2022

Procurement has been regarded historically as an administrative function and a guardian of spend. Chief Procurement Officers have historically tended to be technocrats, not entrepreneurial or visionary business leaders. The budget for procurement software usually must therefore be approved by the economic buyer.

supply chain budgeting 52

supply chain budgeting Chief Procurement Officer supply chain software solutions Supply Chain Optimization 52

Positive Purchasing

MAY 3, 2024

This new edition puts category management at the centre of what procurement is about today.” About Kogan Page: Kogan Page is the leading independent global publisher of business books and content with over 1000 titles in print.

Category management 52

Category management Purchasing Supplier relationship management Management 52

Procurement Software

MAY 14, 2024

Agility and Scalability in Procurement Operations: The adaptability and user-centric design of process orchestration tools enable businesses to readily adjust to changing needs and scale operations, positioning procurement as a pivotal driver of business innovation and growth. Solution provider Tonkean explains this perfectly.

Procurement 52

Procurement Real-time Visibility e2e Chief Procurement Officer 52

CPO Rising

MARCH 11, 2024

When I started in procurement in what feels like way too many years ago, it was as a buyer. A few years later I got a new title, strategic buyer! Since then, it feels like the term “strategic buyer” has been replaced by category manager, but […] Nothing actually changed but I got a fancier title.

Category management 40

Category management Management Buyers Procurement 40

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

These insights enable data-driven decision-making, negotiation strategies, and risk mitigation, leading to more informed procurement choices. Consider these courses and resources from NLPA: 14 Procurement Best Practices Are You Chief Procurement Officer Material?

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Arkestro

DECEMBER 12, 2022

The relationship between buyers and suppliers remains at the forefront of the procurement process. According to David Schultz , VP, Chief Supply Chain at Westfall Technik, they captured value through the overall supply chain. “If Managing Supplier Relationships. Managing risk. Meeting compliance requirements.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

HICX

DECEMBER 15, 2022

David is a procurement practitioner who has spent nearly twenty years working in a number of organizations both in the public and private sectors. After gaining experience, David went on to establish his own business, Procurated , which connects public sector buyers with peer-reviewed suppliers.

Procurement 52

Procurement supply chain software solutions Real-time Visibility Suppliers 52

Claritum

JULY 5, 2018

An example for Cost would be the dimensions of Supplier, Buyer and Product. The results of the Deloitte Global Chief Procurement Officer Survey 2018 show for the second year running that leaders think analytics technology will have the most impact on procurement in the next two years. 4 Benefits. 6 Further reading.

Real-time Visibility 36

Real-time Visibility Management Chief Procurement Officer Supply Chain Efficiency 36

SPLC (Sustainable Purchasing Leadership Council)

MARCH 27, 2018

According to Sam Hummel, President and CEO of SPLC, “We increasingly have members and Chief Procurement Officers, especially, ask us, ‘How can I know whether my suppliers are sustainability leaders or laggards? This allows them to focus their resources on solutions that will appeal to both their investors and their customers.”.

Sustainability 40

Sustainability Suppliers Supply Chain Efficiency Chief Procurement Officer 40

Procurement Software

MAY 28, 2024

This enhances overall operational productivity and agility in procurement management, and enables remote-first teams. Percentage of Tail Spend ordered using Self-Serve How many Chief Procurement Officers say that their teams are well-resourced and operating under capacity? It’s a win-win.

Procurement 52

Procurement Category management Procurement team Real-time Visibility 52

The Procuretech Podcast

JUNE 28, 2022

I say that it’s easy to convince CEOs with BCG stood behind him, but what tips would he have for chief procurement officers looking to do the same? He says that procurement is often too far from procurement’s thoughts. Yes, CEO’s don’t think about procurement, but it works the other way round.

Sourcing 52

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

World of Procurement podcast

OCTOBER 11, 2021

Cause I, when I first started out, I was doing like commercial work, which was a bit more of the legal staff doing procurement and I left that role and became a, it was like a buyer lead, or some buyer role. I'm just saying that shouldn't be the goal of procurement. And it just completely like changed.

Procurement 52

Procurement Procurement team supply chain budgeting Supply chain 52

Arkestro

MARCH 4, 2025

Ariba was very buyer-centric and we had to make a bet on the technology as to what would work and what we could do. Arkestro: If you were advising a Chief Procurement Officer in financial services, how would you position Arkestro as a critical part of their strategy? You had two big players: Ariba and Commerce One.

Chief Procurement Officer 52

Chief Procurement Officer Procurement Suppliers Eprocurement 52

Procurement Insights

NOVEMBER 14, 2022

One example was an eBook about “ Procurements New Era – the 2022 Procurement eBook ,” which stated, “In order to navigate today’s challenging financial environment, greater collaboration is vital between departments, buyers and suppliers, and across the supply chain.”. Who could argue or disagree with this sentiment?

Suppliers 72

Suppliers Procurement Chief Procurement Officer Purchase orders 72

HICX

JULY 4, 2022

It’s because technology has arrived and digital has arrived for Procurement – and it’s driving us along the path to the ‘strategic’ procurement that we’ve all been dreaming about for the last decade or two.”. Fundamentally, suppliers and buyers already have a solid relationship, but it needs to be nurtured. ” Dr.

Procurement 52

Procurement Chief Procurement Officer Supplier relationship management Suppliers 52

Procurement Insights

FEBRUARY 26, 2025

” The concept of “strand commonality” in procurement is not widely recognized as a standard term in mainstream procurement literature, but based on available discussions, it appears to have been first articulated by Jon W. Hansen in 1998. success rate. By optimizing the supply chain through data-driven decisions.

Supply Chain Optimization 40

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 40