This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Buyers Negotiation Real-time Visibility 
ivalua
NOVEMBER 29, 2021
Lack of control or visibility into what is being spent and with which suppliers. Poorly utilized preferred suppliers with negotiated pricing. Once you have visibility into your tail spend, you can look at patterns. The post Creating Tail Spend ROI Through an Improved Buyer Experience appeared first on Ivalua.
130 
Spend Matters
FEBRUARY 25, 2025
Time and resources can also be a stopping point. Procurement also has to deal with maverick spend, and persuading employees, buyers and suppliers not to get around the adopted process is hard when its an easier option than sticking to sometimes archaic systems and elongated processes.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Future-Proofing Enterprise Commerce: Why Extensibility Wins with Shopify
Staying Ahead of UFLPA Enforcement: Best Practices for Retail Supply Chains
Procurement Software
MARCH 16, 2025
While full-scale digital transformation certainly takes time, organisations can see rapid improvements in efficiency, collaboration, and data accuracy right from the outset. They can make informed decisions, negotiate more effectively, and identify cost-saving opportunities faster.
52 
Procurement Insights
JUNE 6, 2024
” The Supplier – What is the “one thing” all successful negotiators know – [link] The Manufacturer – What is your Buyer – Supplier “TRUST” Score – [link] The Shipper – Automation, AI, and Supplier Trust: Striking A Raw Nerve With the Workforce? How about a client retail chain losing market share?
65 
Jaggaer
OCTOBER 24, 2024
Collaboration across Tier 1, Tier 2, Tier 3, and beyond requires visibility and communication regarding capacity, cost, risk, order quantities, inventory levels, quality , timelines, logistics, and more. Collaboration brings visibility and agility for gaining market share.
Supply Chain Game Changer
MAY 12, 2021
New age of negotiation article and permission to publish here provided by Sam Jenks at kodiakrating.com. We negotiate on a daily basis. We negotiate contracts, terms, and specifications in our professional lives and we negotiate dinner plans, curfews, and allowances in our private lives.
69 
Procurement Tactics
JUNE 26, 2023
Social Media Trends Instagram, TikTok, Facebook, and Pinterest are the best channels that offer real-time trending products to sell. These tips will likely change over time so constant research and informed decisions will play a big part. Top 10 US Dropshipping Suppliers Study Procurement Study Negotiations 1.
195 
Procurement Express
MARCH 9, 2025
Setting up purchase orders in QuickBooks takes minutes, and once you do, youll have better visibility into spending, more control over your budget, and fewer last-minute payment fires to put out. Tracking vendor performance and pricing over time also gives you leverage for negotiating better terms. The good news?
Procurement Tactics
NOVEMBER 14, 2022
An example of a Retail Supply Chain from the founder of Procurement Tactics: “In my period as Procurement Manager for Ahold Delhaize, I learned that there is a strong link between the performance of buyers and the supply chain. I, as a negotiator, wanted to be an escalation possibility. Visiting suppliers. Shipping Congestion.
Procurement Tactics
DECEMBER 21, 2022
After taking the time to read this article, you will have a deeper understanding of what supply chain collaboration is all about. Thus, allowing you to know if your decision is right when the time comes you are going to collaborate in the supply chain. . Defining Supply Chain Collaboration. Select partners based on their capability.
199 
Procurement Heads
JANUARY 30, 2023
I am an IT Buyer and procure software and hardware. Procurement is more about contract management and negotiating great commercials for your business. IT procurement provides a lot more visibility to senior stakeholders within the business. I enjoy negotiating so that is also a bonus. Negotiation is a hobby for me.
Procurement Tactics
MARCH 27, 2023
18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details → Or receive our famous weekly newsletter Supply Chain Forecasting — Everything You Should Know Supply chain forecasting is about making predictions from both past and present information. However, this approach is very time-consuming and costly.
Arkestro
MARCH 27, 2024
Resources / Blog / Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Buyers have always played an important role in the procurement industry, helping organizations obtain goods and maintain a careful balance of speed, cost-efficiency, and quality.
52 
Una
OCTOBER 25, 2022
Once the relevant information has been collected, you’ll be able to prioritize how best to direct your resources and time. Procurement professionals will be less consumed by endless supplier relationship management (SRM), negotiations, and the processing of purchase orders or invoices. Internal buyers are unaware of existing processes.
ivalua
JUNE 1, 2022
Overall, their strategy must move toward data-driven decision-making to provide real-time information visibility. However, they could probably leverage their great buyers in a better way by having proper data delivered to them upfront and allowing them to identify the most strategic new projects.
Jaggaer
FEBRUARY 5, 2025
It is a process that creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. Implementation of new supply structure Track results and restart assessment This model has essentially stood the test of time.
ivalua
MARCH 9, 2023
It starts with identifying the right suppliers for a need, sharing requirements and evaluating supplier offers, selecting the most appropriate supplier, negotiating terms and contracting with them to receive goods and/or services. A comprehensive Source-to-Pay platform is a critical component of an organization’s IT environment.
130 
TYA Suite
JANUARY 27, 2025
The real estate industry, characterized by intricate processes and substantial investments, constantly seeks ways to enhance efficiency, reduce costs, and ensure timely project completion. From sourcing construction materials to hiring contractors, a well-organized is essential for timely project completion and cost control.
ivalua
FEBRUARY 24, 2021
Streamlined Contract Authoring: By starting contracting during sourcing, customers can reduce the cycle time from quote to contract and consider negotiated terms in sourcing decisions. Collaborative Authoring: Collaboration internally and with suppliers within a contract helps improve efficiency and visibility throughout the process.
Procurement Software
APRIL 18, 2023
eAuctions are an essential alternative to traditional negotiation methods. With tangible benefits for buyers, eAuctions could help your organisation survive the economic downturn. eAuctions are a negotiation method that allow buyers to leverage market-driven pricing opportunities. What is an eAuction?
52 
Zycus Cognitive Procurement
JANUARY 16, 2023
You must have found yourself struggling with limited visibility into preferred or contracted suppliers, contract utilization status, budgeting issues, and multiple requirements for sourcing low dollar items or services. It is usually time consuming, require multiple approvals and follow ups. Lack of pricing compliance .
52 
Jaggaer
OCTOBER 24, 2024
From bundling spend to identifying mutual efficiencies, these approaches not only drive down costs but also strengthen supplier relationships, ensuring sustainability and value over time. While this approach may result in short-term savings, it can be counterproductive in the long run.
Jaggaer
OCTOBER 24, 2024
Your goal might be to transition from purely traditional buyer-supplier business arrangements, fine-tune strong supplier relationships that yield average results, or something in between. These may also emerge during contract negotiations and any supplier development programs, resulting in more favorable terms with more reliable suppliers.
Procurement Insights
AUGUST 30, 2023
They say that, like truth, good ideas stand the test of time. In this test case, the public sector organization realized a year-over-year 23% cost of goods savings for seven consecutive years while simultaneously reducing the number of buyers required to manage the contract to 3 from an original 23.
Arkestro
FEBRUARY 6, 2024
Our team traveled to Asia to train 25 of the organization’s employees (including buyers and sourcing managers) on how PPO can be applied in their specific circumstances. Supplier and Buyer Engagement In India, our team worked to train over 15 buyers. You can unsubscribe at any time. The results were immediate.
Jaggaer
JUNE 11, 2020
With the current global economic circumstances, it should come as no surprise that businesses across all industries are looking for real time solutions to aid their procurement process by identifying cost reduction and spend management opportunities as a priority. The Fundamentals of the Process.
Procurement Software
MARCH 5, 2024
Lavenir AI LavenirAI is a conversational AI-powered procurement negotiation training platform. Designed by procurement specialists, for procurement professionals, LavenirAI was developed to raise the bar for procurement negotiation. LavenirAI allows you to train anywhere, any time, so you can stay at the top of your game.
The Procuretech Podcast
MARCH 31, 2020
Tarmo Saidla joins me from Procurement Flow, an Estonian startup focusing on: Making workflows more visible for procurement and requisitioners Keeping budgets under control for CFOs Allowing project managers to keep track in real time of what in the process their requisitions for materials and services are at.
Procurement Software
MARCH 11, 2022
Supplier collaboration portals to drive innovation and real time project management without email or spreadsheets. Spend visibility i.e. through a spend analysis report or a spend analytics dashboard. Yet hardly any TRULY have a real grip on what they BUY. Every company knows what they sell. And yet they do.
Procurement Software
MARCH 11, 2022
Supplier collaboration portals to drive innovation and real time project management without email or spreadsheets. Spend visibility i.e. through a spend analysis report or a spend analytics dashboard. Yet hardly any TRULY have a real grip on what they BUY. Every company knows what they sell. And yet they do.
Arkestro
AUGUST 1, 2022
For the longest time, the procurement scale has tipped in favor of the buyer. The leverage buyers once used against suppliers is no longer working in the current global inflationary economy. Some of these include annual pricing reductions, extended payment terms, and the lack of visibility and profit-sharing.
Procurement Software
MAY 14, 2024
Enhanced Efficiency and Visibility: By adopting process orchestration tools and platforms, businesses gain real-time insights and control over their procurement activities, facilitating quicker decision-making and improved risk management. It begins the process of integrating various parts of the business to work cohesively.
52 
Procurement Software
JUNE 20, 2023
We plan to refresh the article a couple of times a year, as solutions are constantly adding features and new solutions come onto the market. Trakti Trakti is a contract negotiation and management platform integrated with blockchain, and specifically focusing on contract authoring.
Claritum
FEBRUARY 4, 2020
Image of the 5 Steps to best practice Visibility, Control, Efficiencies, Savings and Creating value. Visibility. visibilityStep 1 is to get good spend visibility and understand what you are buying and how much you are spending across all your spend categories. Without visibility of spend you cannot progress.
Empowering CPO
MAY 5, 2023
It is responsible for managing the entire process of acquiring goods and services, from identifying suppliers to ensuring timely deliveries. Traditional Procurement Methods Historically, procurement has been a manual and time-consuming process, relying heavily on paperwork, phone calls, and face-to-face meetings.
World of Procurement blog
MAY 23, 2024
Companies pursue supplier consolidation for a few key reasons: To reduce procurement costs by negotiating volume discounts and more favourable contract terms with fewer suppliers. Delivery performance - Measure on-time delivery rates and lead times for each supplier. Reliable, on-time delivery is essential.
World of Procurement blog
MAY 8, 2024
It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Procurement is strategically important because it: Drives significant cost savings through economies of scale, supplier negotiations, and process efficiencies.
Pipefy
JANUARY 30, 2024
Improvements to existing procurement processes, procedures, and operations are as time-sensitive as ever. 6 procurement technologies to improve your business Transform analog, manual, and paper-ridden processes with end-to-end digitization and automation to improve security, visibility, and control with these six procurement technologies.
Pipefy
JUNE 14, 2023
Visibility into procurement categories and effective management of categories fosters benefits like greater risk management and less costly supplier redundancies. Spend analytics creates the visibility procurement teams need to complete a spend analysis. ignoring the importance of data quality, 2. focusing solely on cost reduction, 3.
Procurement Software
MARCH 11, 2022
What many companies don’t realise though is that direct materials have been negotiated to death. Old school, pure-play price negotiations don’t work, especially in an inflationary market. Below are 5 ideas of ways to extract real savings from your tail spend while improving your overall purchasing governance.
Procurement Software
MARCH 11, 2022
What many companies don’t realise though is that direct materials have been negotiated to death. Old school, pure-play price negotiations don’t work, especially in an inflationary market. Below are 5 ideas of ways to extract real savings from your tail spend while improving your overall purchasing governance.
Pipefy
NOVEMBER 24, 2023
This process grants transparency and visibility into purchase orders and approvals to a sometimes surprising degree. When properly equipped with the right platforms, procurement teams can achieve benefits such as increased efficiency and productivity, cost savings, better supplier management, and improved process visibility and transparency.
52 
SCMDOJO
AUGUST 21, 2023
This extensive reach provides businesses with the opportunity to connect with various demographics and target markets, enabling them to broaden their brand’s visibility and potential customer base significantly. > Watch Now: 6 Characteristics to be a Good Buyer! >
Pipefy
JANUARY 9, 2023
Among global workers, stress has (once again) reached an all-time high. This presents a very real economic cost for companies already faced with a lack of procurement resources. This is especially timely considering the projected 6% decline in employment for purchasing managers, buyers, and purchasing agents through 2031.
Expert insights. Personalized for you.
We have resent the email to
Are you sure you want to cancel your subscriptions?
Let's personalize your content