Procurement Tactics

JANUARY 11, 2023

Price Negotiation — The Ultimate Guide. Price negotiation allows buyers and sellers to get the price that they want when discussing future work, projects, or collaboration. However, how do you negotiate prices effectively? In this article, we will define what price negotiation is. How to Negotiate Price?

Price negotiations 130

Price negotiations Negotiation Price Buyers 130

Spend Matters

OCTOBER 31, 2024

We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. To potential buyers — True ValueHub can save category managers and buyers significant time and money by identifying new opportunities based on a deep analysis of costs and drivers.

Real-time Visibility 120

Real-time Visibility Supply Chain Efficiency Buyers Supply Chain Optimization 120

Supply Chain Brain

OCTOBER 8, 2021

Is there any room for actual collaboration between suppliers and buyers, based on more than just price?

Buyers 111

Buyers Suppliers Collaboration Price 111

Spend Matters

OCTOBER 30, 2024

So for the buyer, that means they must engage in contingency planning up-front and keep close communications with suppliers to make sure the information about the event is received as early as possible so that they can respond as early as possible to pre-empt as much damage as they can. Some suppliers don’t make it through at all.

Risk 109

Risk Buyers Suppliers Supply chain 109

ProcurePort

SEPTEMBER 16, 2021

A purchase order is an initial offer by a buyer to the seller, indicating the quantities, types, quality, and agreed prices for products or services. The purchase order is used to control spend, and provide an overview of all the requested supplies and their product details.

Purchase orders 240

Purchase orders Purchasing Quantity Buyers 240

ivalua

MARCH 18, 2021

The Strategic Sourcing modules of Ivalua allow Punch Powertrain buyers to define Purchasing needs collaboratively, consolidate the tendering documents and ease costing by suppliers (cost breakdown files, dialogue with the projects on technical feasibility).

Strategic sourcing 246

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 246

ivalua

NOVEMBER 29, 2021

Poorly utilized preferred suppliers with negotiated pricing. Allow users to s earch across internally hosted supplier catalogs, Amazon Business, and other supplier sites to view and compare the results on a single screen, with real-time pricing and inventory. . Budgeting challenges as tail spend typically often not planned for .

Buyers 130

Buyers Real-time Visibility Purchasing Spend management 130

Procurement Tactics

JUNE 22, 2023

It is a document that confirms the buyer’s request, including the agreed-upon terms and details such as the prices, quantities, payment method, delivery terms, and any other relevant information. Simply put, a sales order is the seller’s response to the buyer’s purchase order.

Purchase orders 200

Purchase orders Purchasing supply chain software solutions Buyers 200

Supply Chain Game Changer

AUGUST 4, 2021

Because of the limited availability of new cars, the demand for used vehicles has also increased significantly, along with prices. All of this means chaos for the average car buyer who has to shell out a lot more money, even for a used model. Wholesale prices have also gone up by 20%, increasing used car prices even further.

Buyers 98

Buyers Demand Price Supply 98

Spend Matters

JANUARY 20, 2025

To potential buyers ContractSafe prioritizes quick and affordable implementation while offering transparent pricing models based on the volume of contracts being managed. and Maximize (APIs, templates, intake forms, etc.). This content is for members only. Visit the site and log in/register to read.

Contract 116

Contract e2e Management Contract management 116

Supply Chain Dive

OCTOBER 21, 2024

The fast food giant, which is the world's largest buyer of beef, alleges major meat companies conducted illegal acts to drive down supplies.

Price 128

Price Buyers Supply 128

Spend Matters

MARCH 17, 2025

Often, there are small inconsistencies between the negotiated prices and the actual amounts paid. The platform also provides supply chain analytics that targets pricing inconsistencies to ensure clients save money over time. Intellyse provides in depth solutions for niche needs among freight logistics and contract management users.

Negotiation 76

Negotiation Contract Logistics Contract management 76

Una

AUGUST 4, 2022

IT Procurement | 'Stranger Things' Keeping IT Buyers Awake at Night. Here are just a few of the most frightening challenges keeping IT buyers awake at night. This erodes value, as the organization will continue to pay the original price even if the market has gotten cheaper. By Hugo Britt | August 4, 2022.

Buyers 98

Buyers Procurement supply chain software solutions Contract 98

Procurement Tactics

JUNE 22, 2023

A purchase order is simply a document that a buyer sends to a supplier to request goods or services, which outlines the order’s details, including the quantity, price, delivery, and payment terms. First, it ensures clear communication between the buyer and the supplier, eliminating potential misunderstandings or disputes.

Purchase orders 191

Purchase orders Purchasing Quantity Buyers 191

Spend Matters

DECEMBER 17, 2024

The main drivers of the ROI analysis are Spend Compliance (user and supplier compliance for value realization), Process Improvement, Price Reduction and Cash Management. Consult TechMatch our tech selection tool that helps procurement and finance technology buyers quickly explore the market and identify best-fit solutions.

Procurement 107

Procurement Change management Strategic sourcing Strategic sourcing 107

Procurement Tactics

JANUARY 5, 2023

A PunchOut catalog is an integrated e-procurement system that allows suppliers to promote goods and services to buyers through the supplier’s own procurement application or hosted e-procurement system. . Modern procurement systems enable buyers to import supplier catalogs directly into the buyer’s own e-procurement system or application.

Buyers 179

Buyers Purchasing Suppliers Price 179

Spend Matters

MARCH 25, 2025

Flexible pricing models, including pay-as-you-go, subscription-based and custom enterprise agreements. Expanding vendor collaboration: AWS Partner Connections will strengthen partnerships between software vendors and enterprise buyers. Deepening ERP and procurement integrations for improved enterprise compatibility.

Procurement solutions 96

Procurement solutions Procurement Purchase orders Data 96

Spend Matters

DECEMBER 19, 2022

Categories: Cost Management , Procurement Systems & Architecture , Technology Tags: PRO In this Spend Matters PRO Vendor Analysis, we give an update on What’s The Price (WTP), a solution built to quickly provide procurement professionals with insights into the costs and prices of any product or commodity. Read more. ).

Price 98

Price Raw materials Management Buyers 98

Jaggaer

FEBRUARY 5, 2025

When assessing bids following an eAuction, the process typically involves a combination of automated tools and human decision-making, especially when evaluating factors beyond just price. Since reverse auctions focus heavily on price competitiveness, this can be easily done with sourcing software tools.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

ProcurePort

DECEMBER 17, 2019

Reverse auction services are occasions, whereby the buyer and the sellers play an exchanged role. Here, the buyer puts up a price, and the sellers offer their services and products. The lowest price gets the auction. What is a Reverse Auction?

Procurement 130

Procurement Buyers Price 130

Procurement Heads

NOVEMBER 15, 2022

I started in Procurement Support, so understanding the real basics such as pricing, systems and how a company uses its data, which helped massively when I made that first step up into a European buying role. I saw an opportunity there for a plastics Buyer which was part of my portfolio background at United Biscuits.

Raw materials 246

Raw materials Buyers Price Procurement 246

ProcurePort

FEBRUARY 3, 2022

A purchase order (PO) refers to a legally binding agreement between a buyer and a seller. A purchase order details the products, services, or merchandise the buyer agrees to buy at a certain price. It also details the delivery date and the terms of payment for the buyer.

Purchase orders 130

Purchase orders Purchasing Buyers Price 130

Spend Matters

FEBRUARY 17, 2025

Heres why Samification matters: To the market Samification promises to classify 100% of suppliers at an affordable price point. To potential buyers While the tool itself is new, the Samification team is highly experienced and has been normalizing supplier data as a service for over 7 years.

Suppliers 92

Suppliers Market analysis Data Buyers 92

Procurement Tactics

DECEMBER 7, 2022

Financial supply chain or supply chain finance describes a set of technology-based solutions that helps lower financing costs and enhance the business experience for sellers and buyers connected in sales transactions. . While suppliers can gain quick access to money the buyer owes them, the latter can get more time to pay their balances.

Supply Chain Efficiency 181

Supply Chain Efficiency supply chain software solutions Supply Chain Optimization Supply chain 181

SCMDOJO

JUNE 3, 2022

The document indicates the details of the goods to be purchased, such as the type of the goods, quantity of the items, agreed-upon price, and payment terms. Buyer’s contact information. Agreed upon price. It can also guard your company against unjustifiable price increases. Name of the vendor/supplier. To Sum It Up.

Purchase orders 131

Purchase orders Purchasing Quantity Buyers 131

ProcurePort

NOVEMBER 4, 2021

The buyer prepares a detailed list of products, prices, classification, form, nature, and the type and sends it to the supplier. Best Cloud Purchase Order Software Purchase order details the products or services required by a client to a supplier.

Purchase orders 130

Purchase orders Purchasing Buyers Price 130

ProcurePort

MAY 5, 2023

Reverse auction software is a digital platform that enables buyers to solicit bids from multiple suppliers in real-time. They must offer the lowest price for the product or service. […] The post How Much Cost Savings Can I Achieve Using Reverse Auction Software? The lowest bidder wins in this auction, not the highest.

Bidding 130

Bidding Buyers Price Suppliers 130

ProcurePort

MAY 12, 2022

In a normal procurement process, buyers, usually organizations or institutions, send their purchase requests to suppliers to inquire about product availability, pricing, and delivery. • • Managing agreements is a critical part of any procurement process.

Contract management 130

Contract management Contract Management Buyers 130

Procurement Tactics

JUNE 28, 2023

Demand is affected by changes in supply and lower supply means higher prices and vice versa. Increases in prices mean increased production costs and higher inflation rates. Agricultural commodity changes are a great factor in food price trends while price fluctuations in metals and minerals affect the Manufacturing Sector.

Raw materials 178

Raw materials Supply Chain Efficiency Price Market analysis 178

Spend Matters

AUGUST 19, 2024

to provide deep and accurate insights and auto-costing that can be used on the buyer side to influence design decisions and on the supplier side to attract and develop business.

Category management 117

Category management Buyers Influencing Sourcing 117

Procurement Tactics

OCTOBER 6, 2022

With an excellent RFP, you can do these: Gather quotes from numerous suppliers to evaluate their prices and abilities which are factors to select for your project. . Collect and submit follow-up questions for the buyer. You may ask yourself, Do I have the performance data and customer references that the buyer asked for?

Project management 180

Project management Management Bidding Buyers 180

Spend Matters

SEPTEMBER 25, 2024

Enterprise IT buyers face unique challenges and complexities due to lack of pricing transparency, increasingly high volumes of contract renewals and generally overwhelmed procurement teams. In this Spend Matters Vendor Analysis we provide an overview of NPI and its solution for SaaS intelligence.

Vendor relationships 116

Vendor relationships Buyers Market analysis Cost optimization 116

SCMDOJO

APRIL 3, 2022

They are far more convenient than conventional discussions and negotiations, providing procedural integrity and transparency while also lowering final prices owing to enhanced supplier competitiveness. Procurement price reductions can have a major influence on a business bottom line.

Supply Chain Efficiency 141

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 141

Procurement Tactics

JUNE 8, 2023

A purchase order clearly specifies the details of the purchase, such as the quantity, description, and price, ensuring there are no misunderstandings between the buyer and the seller. To simplify, an invoice is like a bill that tells the buyer how much they owe to the seller. What is its Purpose?

Purchase orders 130

Purchase orders Purchasing Buyers Quantity 130

ivalua

APRIL 20, 2021

Leveraging purchasing power to capture volume- based pricing within a competitive supply chain builds sticky relationships with healthy suppliers, keeps input costs low, and acts as a hedge against inflation. The reality is, to turn inventory, make the sale, and then collect funds takes most buyers over 30 days. Is it worth it?

Supply Chain Efficiency 130

Supply Chain Efficiency Buyers Suppliers Purchasing 130

ivalua

JULY 13, 2022

Buyers are expected to scrutinize every aspect of the purchasing process to identify ways to reduce their carbon footprint, source sustainable materials, and promote diversity. As the sourcing function evolves, digital procurement technologies have become crucial tools for buyers to capture and report their sustainability achievements.

Sustainability 130

Sustainability Buyers Suppliers Procurement 130