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 Optimization supply chain software solutions Supply chain 181

Procurement Tactics

JULY 2, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2.  Menu Course Library 1.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

Spend Matters

APRIL 22, 2024

Here’s why Penny matters: To the market — Penny offers a solution tailored to meet the specific sourcing needs commonly found in the Middle East, such as emphasis on ERP integration and procurement strategies designed for RFP sourcing.

Purchasing 109

Purchasing Procurement strategies Buyers Sourcing 109

Procurement Tactics

MAY 2, 2023

In procurement, contracts are documents to procure the needed services or products. It is an agreement where the buyer and supplier bind themselves to manage a project. Procurement Strategy Course Take the lead with our proven 5-step procurement strategy 3. What Are Sustainable Contracts?

Sustainability 181

Sustainability Contract Procurement Negotiation 181

Skill Dynamics

JANUARY 14, 2025

Procurement Strategy The development of a long-term, overarching procurement strategy that can adapt to global changes can set your business apart from your competition. Its a unique function within the world of procurement but can be a key differentiator between you and your competitors if handled correctly.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

Procurement Tactics

APRIL 23, 2023

Procurement Strategy Course Take the lead with our proven 5-step procurement strategy 3. 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.

Sustainability 177

Sustainability Suppliers Supply Chain Efficiency Chief Procurement Officer 177

Spend Matters

FEBRUARY 27, 2023

Categories: Analytics , Procurement Strategy & Planning , Spend Analysis , Supplier Information Management Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of Vendigital, its solution for spend and supplier analytics and how it pairs these tools with its consulting capabilities.

Suppliers 98

Suppliers Buyers Strategic sourcing Strategic sourcing 98

Jaggaer

NOVEMBER 14, 2024

It empowers procurement teams to make data-driven decisions that go beyond standard commercial metrics. Platforms like JAGGAER One bring together enterprise buyers, suppliers, and partners on a single, cloud-based solution. Strategic procurement facilitates efficient, repeatable, and audit-proof new product introductions.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Chief Procurement Officer Supply Chain Optimization 52

Spend Matters

SEPTEMBER 9, 2022

Categories: Conferences , Innovation , Jason Busch , Procurement Strategy & Planning Tags: Conferences and Events , Digital Procurement World Since its inaugural event, we have been known to say of Digital Procurement World that it is “The Best New Procurement Event in Years.”

Procurement 98

Procurement Procurement strategies Innovation Buyers 98

Procurement Tactics

OCTOBER 6, 2022

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? An RFP is just a proposal to be sent to a buyer. Once the buyer agrees, then that RFP can become the foundation of the contract through the negotiation of the parties.

Project management 180

Project management Management Bidding Buyers 180

Una

OCTOBER 25, 2022

Internal buyers consider existing processes to be too tedious and/or confusing. Internal buyers are unaware of existing processes. Curbing maverick spending and encouraging buyers to spend with preferred suppliers is best achieved through educating the workforce. Enforcing this rule can result in major purchasing bottlenecks.

Supply Chain Efficiency 105

Supply Chain Efficiency Procurement Purchase orders Real-time Visibility 105

Procurement Tactics

JUNE 7, 2023

Supplier collaboration goes beyond traditional buyer-supplier relationships by promoting cooperation, transparency, and innovation throughout the supply chain. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2. CERTIFICATE COURSES Related courses about this subject 1.

supply chain software solutions 130

supply chain software solutions Collaboration Suppliers Supply Chain Efficiency 130

Spend Matters

JANUARY 23, 2023

Categories: Operations , Procurement Strategy & Planning , Procurement Systems & Architecture Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of Oro, a procurement orchestration platform that aims to make procurement easier and more efficient through the use of powerful, easy-to-configure and smart workflows.

Procurement strategies 104

Procurement strategies Buyers Procurement solutions Procurement 104

Spend Matters

FEBRUARY 8, 2023

Categories: Procurement Systems & Architecture , Sourcing Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of DeepStream and its solution for e-sourcing, which covers the entire Source-to-Contract (S2C) process. Read more. )

Sourcing 93

Sourcing Buyers Procurement strategies Contract 93

Procurement Tactics

NOVEMBER 27, 2022

Companies that incorporate green purchasing in their procurement process consider where to source for raw materials, production, manufacturing, packaging, distribution, reusing, maintenance, and disposal of a product. . Here in Procurement Tactics, we have developed a course that will enable you to refine your strategy for your procurement.

Procurement 191

Procurement Sustainability Purchasing Raw materials 191

Spend Matters

MARCH 8, 2023

Categories: Procurement Strategy & Planning , Procurement Systems & Architecture , Strategic Sourcing Tags: PRO In this Spend Matters PRO Vendor Analysis, we give an overview of akirolabs, a category strategy management solution built to support the transformation of procurement from a tactical function to the role of value orchestrator.

Strategy 98

Strategy Strategic sourcing Strategic sourcing Management 98

Spend Matters

JANUARY 18, 2023

Categories: Contract Management , Procurement Strategy & Planning , Procurement Systems & Architecture Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of dSilo’s contract and invoicing analytics solution. dSilo is a new vendor with an emphasis on AI.

Contract 97

Contract Procurement solutions Procurement Contract management 97

Procurement Insights

FEBRUARY 27, 2025

Procurement’s success, ongoing viability, and relevance depend on understanding and aligning these two spheres. The Risk Of Metaprise Misunderstanding Those who have followed this blog for many years know I am skeptical of one-size-fits-all procurement strategies pushed by big vendors or consultants. What is your take?

Agile and Lean Supply Chain 52

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

ivalua

AUGUST 11, 2021

Responsible sourcing is the incorporation of ethical, sustainable and socially conscious principles into sourcing, procurement and overall supply chain management practices. This approach ensures that business between a buyer and its suppliers is conducted in a manner that does not negatively impact society or the environment. .

Sourcing 130

Sourcing Ethics Sustainability Buyers 130

Spend Matters

JANUARY 30, 2023

Categories: Procurement Strategy & Planning , Supply Chain Visibility Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of Portcast and its solution for cargo tracking. The modern supply chain is convoluted. The more stops in a supply chain, the harder it becomes to track and monitor said goods.

Real-time Visibility 98

Real-time Visibility Supply Chain Visibility Procurement strategies Supply chain 98

Procurement Tactics

AUGUST 25, 2022

Her company, Tealbook, is a supplier intelligence platform with the power to change the way buyers obtain supplier data. By using it, customers have the data to make informed decisions which results in empowered and transformative procurement strategies. .

Procurement 231

Procurement Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 231

Procurement Tactics

JUNE 28, 2023

The way a Futures Contract works is that the seller should sell or the buyer should purchase the underlying commodity at the agreed price, at the contract’s expiration date, regardless of its current price at the time of the expiration 2. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2.

Raw materials 178

Raw materials Price Supply Chain Efficiency Market analysis 178

SCMDOJO

MARCH 12, 2025

If a company holds significant buying power, it can push for better terms, but if a supplier has unique capabilities, buyers must be willing to compromise strategically. In order to mitigate this risk, one may use compromise as a stepping stone to more sustainable procurement strategies.

Negotiation 52

Negotiation Supply Chain Efficiency Supply chain Strategy 52

Spend Matters

FEBRUARY 22, 2023

Categories: Cost Management , Procurement Strategy & Planning , Sourcing , Spend Analysis Tags: PRO In this Spend Matters PRO Vendor Analysis we give an update of LevaData, a solution built to support the sourcing process for direct materials.

Sourcing 98

Sourcing Supply Chain Optimization Procurement strategies Supply chain 98

Spend Matters

OCTOBER 19, 2023

We are pleased to announce that the recognized Future 5 providers are: akirolabs — Founded by procurement veterans, akirolabs is a Berlin-based digital solution that helps transform procurement from a tactical function to a value orchestrator.

Supply Chain Optimization 107

Supply Chain Optimization Supply Chain Efficiency Procurement team Buyers 107

Procurement Tactics

JUNE 26, 2023

Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2. Procurement Strategy Course Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Course Maintain profitability while moving toward sustainability 4. Alpha price at $105.00

Price 195

Price Suppliers Negotiation Real-time Visibility 195

Procurement Tactics

MARCH 23, 2023

The procurement department finalized the digital purchase order which is routed for approval and sent to the preferred suppliers. The supplier completes the purchase order and will send the goods to the buyer. After this, the supplier will send a digital invoice that states the amount to be paid by the buyer.

Contract 156

Contract Sourcing Purchase orders Bidding 156

Spend Matters

OCTOBER 3, 2023

Yet the recent Spend Matters co-authored Deloitte CPO study finds that “Nearly all CPOs understand the power of digitization, which is why digital transformation is the second most cited procurement strategy (behind supplier collaboration) and why 55% of Orchestrators of Value cite it as a “top 3” strategy (compared to just 36% of Followers).”

Procurement 104

Procurement Price Buyers supply chain budgeting 104

Una

DECEMBER 20, 2022

To drive more SUM within your organization, you’ll also have to focus on encouraging buyers to choose the right vendors. Buyers are often authorized to make certain low-value purchases or claim expenses (e.g. Buyers are often authorized to make certain low-value purchases or claim expenses (e.g. Proper purchase authorization.

Management 98

Management Buyers Procurement team Contract 98

Spend Matters

OCTOBER 21, 2024

This broad reach highlights the platform’s ability to meet the procurement needs of various sectors and demonstrates its ability to support a wide range of procurement strategies. It also serves a vast number of tax-exempt organizations, faith-based groups and community organizations.

Purchasing 107

Purchasing Inventory Supply Chain Optimization Buyers 107

Spend Matters

AUGUST 16, 2023

This week we’ve spoken with Georg Rösch , VP Direct Procurement Strategy at cloud-based business automation suite JAGGAER to find out what the firm is hearing directly from its customers and prospects in terms of their current priorities. In a second one, we are talking to the end users about their expectations and requirements.

Procurement 98

Procurement Procurement team Buyers Bidding 98

Spend Matters

JANUARY 31, 2023

Categories: Contract Management , Procurement Strategy & Planning Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of NHD and its solution for contractor and project management. With the world modernizing and mobility increasing, the workforce has become more transient. Read more. )

Project management 78

Project management Management Contract management Procurement strategies 78

Procurement Tactics

AUGUST 24, 2022

It is a virtual platform where suppliers and buyers located anywhere in the world can collaborate together. Benefits of Supplier Network for Suppliers and Buyers. A supplier network is a virtual platform where suppliers and buyers located anywhere in the world can collaborate together. Reduction of manual efforts. Do I need one?

Networking 130

Networking Suppliers Buyers supply chain budgeting 130

Spend Matters

OCTOBER 26, 2023

We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. akirolabs is a category strategy management solution that aims to support procurement’s transformation from being a purely tactical function to an orchestrator of value.

e2e 110

e2e Strategy Procurement team Procurement strategies 110

Procurement Heads

JANUARY 4, 2023

Even at that point blue chip corporations recognised the value of procurement and understood that when you’ve got substantial third-party spend, it’s important to use strategic sourcing approaches. As a Buyer at British Airways, I bought a range of different categories from engineering spares to airport services.

Supply Chain Efficiency 246

Supply Chain Efficiency Agile and Lean Supply Chain Sustainability Suppliers 246

Una

JANUARY 11, 2023

Yet typically, 15% to 30% of spend is only guided by policies that decentralized buyers may be too busy to follow. Three Reasons to Pay Attention to Your Indirect Procurement Strategy. Procurement teams had to be content with establishing policies and encouraging buyers across the business to follow them.

Procurement 98

Procurement Raw materials Change management Risk 98

Una

MARCH 6, 2023

Go beyond supplier collaboration to true partnership Procurement professionals often speak about their strategic suppliers as “partners,” but the relationship is still essentially that of buyer and vendor. A true partnership involves pooling resources to create new value.

Purchasing 98

Purchasing Innovation Agile and Lean Supply Chain Supplier relationship management 98