Skill Dynamics

JANUARY 14, 2025

Negotiation Your procurement specialists must be able to negotiate effectively with your suppliers. Strong negotiation can lead to cost savings, more advantageous counteract terms, and overall a much more optimized procurement chain.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

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. To continue to optimize procurement processes, implement these lessons in future job orders.  Menu Course Library 1.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

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

SCMDOJO

AUGUST 21, 2023

Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supply chain!” In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. Discover the Top 10 TikTokers reshaping how you view supply chains.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 98

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. This helps in planning and prevents situations like running out of stock or overstocking, optimizing the supply chain management process.

Purchase orders 130

Purchase orders Purchasing Buyers Quantity 130

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.

Buyers 52

Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

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. Its founders have extensive supply chain and enterprise technology experience.

Supply Chain Optimization 107

Supply Chain Optimization Supply Chain Efficiency Procurement team Buyers 107

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. More precisely, LevaData focuses on Design-for-Supply (DFS).

Sourcing 98

Sourcing Supply Chain Optimization Procurement strategies Supply chain 98

SCMDOJO

DECEMBER 14, 2023

Sourcing agencies excel in handling these intricacies, ensuring a smooth and efficient flow of products from supplier to buyer. Specializing in industrial engineering, lean manufacturing, and B2B sourcing, they work with businesses of all sizes, offering expertise in supply chain processes, continuous improvement, and leadership.

Sourcing 104

Sourcing Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 104

Skill Dynamics

OCTOBER 19, 2023

Numerous platforms and needs, on top of a multi-tiered supply chain, have made origin tracing even more challenging. Nonetheless, there is a whole lot more to opimizing procurement processes than just cutting costs and then increasing efficiencies. Common procurement negotiation types are win-win, distributive, and integrative.

Supply Chain Optimization 52

Supply Chain Optimization Strategy Procurement Vendor management 52

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. Both services are designed to automate restocking, helping companies maintain optimal inventory levels and prevent stockouts.

Purchasing 107

Purchasing Inventory Supply Chain Optimization Buyers 107

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

Spend Matters

JULY 10, 2024

AP Automation and Invoice-to-Pay LSQ offers a suite of working capital management solutions, including accounts payable, financing and dynamic discounting, to streamline payment processes for both buyers and suppliers.

Procurement 110

Procurement Management Contract Sourcing 110

ivalua

MARCH 9, 2023

The contracts govern the relationship between the buyer and supplier, an essential process to inform Procure-to-Pay. The Benefits of Source-to-Pay The market for S2P has evolved significantly in recent years, becoming an essential component of procurement strategy for most companies.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.

Category management 108

Category management Management Supplier relationship management supply chain software solutions 108

Skill Dynamics

OCTOBER 19, 2023

A crucial part of successful procurement strategies is the art and science of negotiation. Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract.

Negotiation 52

Negotiation Procurement Procurement strategies Buyers 52

Jaggaer

JUNE 28, 2024

London Luton Airport overhauls its procurement platform to create more value in ambitious new procurement strategy London Luton Airport (LLA), one of the UK’s busiest airports, carrying over 16.2 Over $500 billion worth of goods flow frictionlessly through our Enterprise Commerce Network every year.

Procurement 52

Procurement Procurement team Procurement strategies Buyers 52

Jaggaer

OCTOBER 24, 2024

Moreover, driving suppliers to the brink of financial instability can lead to supply disruptions, ultimately increasing costs as buyers scramble to find alternative sources. By contrast, collaborative procurement strategies focus on creating mutually beneficial partnerships.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain budgeting 52

World of Procurement blog

MAY 8, 2024

Scope : Procurement spans the entire process from identifying requirements to contract closure. Value-add : Procurement aims to add value by optimizing processes, consolidating spend, and building supplier relationships. Stakeholders : Procurement involves multiple internal stakeholders across the organization.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Pipefy

JANUARY 11, 2023

The need for efficient and error-proof procurement processes has never been greater. Following recent unprecedented events and disruptions, one thing has become clear: procurement optimization is no longer just about cost-effectiveness or efficiency. . What is a procurement transformation roadmap?

Strategy 52

Strategy supply chain software solutions Procurement Agile and Lean Supply Chain 52

IBM Supply Chain Blog

APRIL 25, 2024

BPR examples are not one-time projects, but rather examples of a continuous journey of innovation and change focused on optimizing end-to-end processes and eliminating redundancies. The purpose of BPR is to streamline workflows , eliminate unnecessary steps and improve resource utilization.

Supply Chain Efficiency 57

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting supply chain software solutions 57

NLPA (Next Level Purchasing Association)

SEPTEMBER 21, 2023

The modern business landscape is constantly evolving, and this dynamism is especially evident in the areas of purchasing and supply chain management. In today’s connected world, supply chains have become more complex, with global reach, sustainability concerns, and rapidly changing market dynamics.

Procurement 52

Procurement Supply Chain Optimization Supply Chain Efficiency Supply chain management 52

Pipefy

JANUARY 9, 2023

Supply chain risks heightened by geopolitical conflict. These are just some of the many challenges procurement teams have had to face since the pandemic and throughout 2022. What all of these obstacles have made clear is that process resilience and long-term procurement strategies are essential for mitigating future risks.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Procurement Procurement team Supply Chain Efficiency 59

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

Improved communication, regular performance assessments, and joint value creation efforts lead to better supplier performance, reduced risks, and potential cost savings through optimized partnerships. Procurement teams equipped with risk management tools can ensure business continuity and minimize potential negative impacts.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Jaggaer

SEPTEMBER 22, 2024

Balancing Cost, Resiliency, and Sustainability in Procurement: Insights from Georg Roesch Procurement professionals across industries and markets are struggling to keep their supply chains agile in a world of constant disruptions. Don’t miss these actionable insights from a top industry leader. Listen Now!

Sustainability 52

Sustainability Procurement supply chain software solutions Agile and Lean Supply Chain 52

Supply Chain Game Changer

MARCH 6, 2019

Subscribe to Supply Chain Game Changer. 7 KPIs Your Procurement Team May Be Ignoring! Procurement is a business function that has undergone a lot of change in the last few years. As a believer in the power of procurement, this recognition makes me happy. Subscribe Here! Email Address. Responsible Sourcing.

Procurement 50

Procurement Procurement team Supply Chain Efficiency Innovation 50

Pipefy

DECEMBER 20, 2023

Strategic procurement, or procurement strategic planning, is a data-driven process that helps businesses align procurement and business goals. The result is greater supply chain predictability, more accurate decision-making, and better business agility. What is strategic procurement?

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Strategic planning 52

Una

JUNE 8, 2023

We need to focus on those that are critical for maintaining a reliable supply chain, optimizing costs, driving innovation, improving efficiency , and supporting strategic objectives. The focus for these items is usually on building strong relationships with suppliers and ensuring a stable supply chain.

Suppliers 52

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

Planergy

JANUARY 19, 2023

Practical Applications of Pareto Analysis Tips for Conducting a Successful Analysis How Pareto Analysis Helps Your Procurement Strategy? Pareto Spend Analysis is an incredibly useful tool for optimizing supply chain management processes, reducing costs, and improving overall efficiency.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

Una

JANUARY 1, 2024

Finding out why they are ignoring your policies can help you identify areas of improvement such as clunky processes, hard-to-use software, or a lack of understanding about the value of procurement. Fix these problems, and watch your mavericks disappear. Give suppliers constructive feedback and ask for their feedback in return.

Procurement 52

Procurement supply chain software solutions Contract Purchasing 52

World of Procurement blog

MAY 23, 2024

To leverage procurement data and insights by consolidating spend across fewer suppliers. To mitigate supply chain risks and improve business continuity by reducing dependence on many small suppliers. Working closely with fewer suppliers also enhances supply chain transparency and resilience.

Supplier consolidation 52

Supplier consolidation Suppliers Supply Chain Efficiency supply chain budgeting 52

Pipefy

MAY 23, 2023

These solutions — sometimes referred to as e-procurement — relieve procurement professionals and other stakeholders of manual and repetitive tasks, which saves time, cuts costs, decreases errors, and increases revenue for their businesses. Risk reduction. Life cycle management.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

Empowering CPO

JUNE 14, 2023

Moreover, traditional procurement models can be slow and bureaucratic, lacking the flexibility to adapt to changing business needs and market conditions. They can also create adversarial relationships between buyers and suppliers, as they often involve tough negotiations and a focus on short-term gains rather than long-term collaboration.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

SPLC (Sustainable Purchasing Leadership Council)

MAY 29, 2019

Presented to Alameda County for their work focusing on advancing environmental sustainability goals locally with regional sustainable procurement strategies that have a ripple effect. Citi’s Supply Chain Sustainability Program: Embedding supply chain sustainability into the supplier selection process.

Leadership 40

Leadership Purchasing Sustainability Supply Chain Efficiency 40

Pipefy

NOVEMBER 24, 2023

Many organizations have implemented software automation tools that allow them to get more done at a lower cost, but procurement is one area that has lagged behind in this trend. According to Amazon’s 2024 State of Procurement report, 95% of decision makers believe that procurement has room for optimization.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency e2e 52

Pipefy

MAY 9, 2023

Procurement KPIs continually measure the progress of all things related to buying and obtaining goods and services necessary for a business’ operation. To help you meet yours, we’ve compiled a list of 22 essential procurement KPIs that fall into three business categories: suppliers, staff, and operational.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

Procurement Tactics

JUNE 30, 2023

This will eventually cause a negative impact in the lumber industry as the supply chain is plenty while the demand is below average. Furthermore, pandemic home buyers are expected to stay in their homes rather than move and buy expensive houses to keep their low mortgage rates.

Price 177

Price Suppliers Quality Negotiation 177