Una

MAY 23, 2023

Group Purchasing and Indirect Spend: A Fairy-tale Romance A unique take on the relationship between group purchasing and indirect spend and how the two work together to drive cost savings and value. Once upon a time, in the bustling World of Procurement, there existed a charming knight known as Group Purchasing.

Purchasing 97

Purchasing Supply Chain Efficiency Supply Chain Optimization Procurement 97

Spend Matters

FEBRUARY 26, 2024

This is the first in a three-part series that covers Fairmarkit’s sourcing offerings. Such an area is tail spend, the purchases that makeup approximately 80 percent of transactions/parts/suppliers but only 20 percent of total spend volume. This is a mistake that can have massive consequences and exactly the issue Fairmarkit addresses.

Market analysis 90

Market analysis Sourcing Spend management Purchasing 90

ivalua

MARCH 18, 2021

Solution deployed in 10 days to improve direct material sourcing, increasing profitability. The platform was configured in 10 business days to deliver rapid value in the sourcing of direct materials. The platform was configured in 10 business days to deliver rapid value in the sourcing of direct materials.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Buyers 130

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. They have to match the Purchase Requisition with the underlying contracts and quotations .

Sourcing 52

Sourcing Real-time Visibility Procurement Buyers 52

The Good Spending

FEBRUARY 21, 2022

The buyer's challenges with descriptive sales So, as the HBR article suggests, buyers are uncertain and stressed. Typically, we lack time and resources to properly analyze the information, bend under the pressure of multitasking , and suffer from anxiety caused by post-purchase accountability.

Buyers 52

Buyers Suppliers Sourcing Procurement 52

Una

AUGUST 9, 2022

How to Use Group Purchasing as a Cost Reduction Strategy. For most of us, 2020 was no time to purchase a new car or book a future trip to Disneyland. Other professionals are bypassing lengthy supply chain delays by reshoring their sourcing to the U.S. By Mackenzie Oakley | August 9, 2022. in April 2020.

Purchasing 96

Purchasing Strategy supply chain budgeting Procurement team 96

Jaggaer

JULY 4, 2024

Christian Heinrich, Co-Founder and Managing Director, c arbmee The 80% Challenge I was recently delighted to participate in a JAGGAER live webinar focused on the introduction, in recent years, of carbon emissions measurement as a factor in strategic sourcing. Find the top hotspots and incentivize suppliers to switch to green energy sources.

Strategic sourcing 59

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 59

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. Purchasing is more transactional and tactical. Purchasing focuses specifically on the buying transaction. Purchasing's value-add is more limited.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Jaggaer

JULY 10, 2024

Proven Techniques from Source to Contract By Georg Roesch, VP Direct Procurement In our recent guest article, Prof. In this follow-up article, let’s discuss some practical ways companies can integrate measures within their source-to-contract processes to reduce your Scope 3 emissions. from source to contract).

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Bidding 52

Positive Purchasing

MAY 3, 2024

Category Management in Purchasing , now in its 5th edition, is a comprehensive and practical guide to approaching purchasing and procurement strategically, effectively, and sustainably through category management. Tom Walsh, Associate Director, Global Source-to-Pay Excellence Lead, Astellas Pharma US, Inc.

Category management 52

Category management Purchasing Supplier relationship management Management 52

Spend Matters

APRIL 22, 2024

Penny is a cloud-based procurement solution that covers the procurement journey from purchase requisition to sourcing to payments. Customers can pick and choose from an array of modules (Purchase Requisition, E-Sourcing, Orders, GRN, Bills, Payments).

Procurement strategies 81

Procurement strategies Purchasing Buyers Procurement solutions 81

Una

MAY 23, 2023

Group Purchasing and Indirect Spend: A Fairy-tale Romance A unique take on the relationship between group purchasing and indirect spend and how the two work together to drive cost savings and value. Once upon a time, in the bustling World of Procurement, there existed a charming knight known as Group Purchasing.

Purchasing 52

Purchasing Supply Chain Efficiency Supply Chain Optimization Procurement 52

Procurify

MAY 12, 2022

Many people use the terms procurement and purchasing interchangeably. One focuses on transactional functions, for example, while the other focuses on the strategic process of product sourcing. In this guide, we clarify any confusion on the difference between procurement and purchasing, and deep dive into each area.

Purchasing 52

Purchasing Procurement Purchase orders Cost of ownership 52

Spend Matters

JANUARY 9, 2023

Categories: Procurement Systems & Architecture , Sourcing Tags: PRO In this Spend Matters PRO Vendor Analysis we give an overview of Jiga, a direct materials sourcing solution that specializes in centralizing and automating the sourcing activities of manufacturing-related spend. .

Sourcing 69

Sourcing Collaboration Buyers Suppliers 69

Pipefy

JANUARY 31, 2023

Why purchase request approval is important The purchase requisition approval process is the final layer of review that’s required for all purchase requests. Once purchase requisitions are processed and approved, a purchase order is generated and submitted to the vendor or supplier for fulfillment.

Purchasing 52

Purchasing Purchase orders Real-time Visibility e2e 52

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. Below, Ivalua’s Arnaud Malardé discusses 5 tangible, actionable strategies that buyers can implement to improve their sustainability efforts.

Sustainability 130

Sustainability Buyers Suppliers Procurement 130

Una

NOVEMBER 29, 2022

In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Tim Hughes. Tim is the CEO and Co-Founder of DLA Ignite as well as the Author of Social Selling: Techniques to Influence Buyers and Changemakers. Social Selling: Techniques to Influence Buyers and Changemakers. Do you have questions about group purchasing?

Procurement 133

Procurement Influencing Buyers Purchasing 133

Una

DECEMBER 20, 2022

Sourcing and managing suppliers. Your procurement team’s sourcing strategy might favor a strategic, project-based, long-term contract, or one-off spot-purchase approach. A strategic sourcing strategy is key to ensuring vendors with the potential to deliver the most value. Proper purchase authorization. Efficiency.

Management 98

Management Buyers Procurement team Contract 98

Spend Matters

DECEMBER 14, 2022

To potential buyers — Olive’s solution has an affordable and flexible pricing model that, added to its focused approach to software sourcing, makes it appealing for customers who have recurring needs to select IT solutions for themselves or their customers.

Sourcing 69

Sourcing Collaboration Buyers Procurement 69

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

AUGUST 25, 2022

Omid Ghamami is one of the most globally recognized thought leaders in the field of purchasing and sales negotiations. Thereby making him the world’s most sought-after purchasing and supply chain management author, speaker, consultant, and trainer. He is known as “the secret weapon of fortune 500 chief purchasing officers”. .

Procurement 231

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

Procurement Leaders

MARCH 26, 2024

By allowing suppliers to contribute directly to product/part design, the buying organisation can connect to diverse knowledge sources more effectively, as long as it retains control over the architecture and interface design.

Suppliers 130

Suppliers Product development Supply Chain Efficiency supply chain budgeting 130

Procurement Tactics

AUGUST 24, 2022

It is a virtual platform where suppliers and buyers located anywhere in the world can collaborate together. Usually, organizations like supplier networks due to the following reasons: Reduced purchasing cycle times. Benefits of Supplier Network for Suppliers and Buyers. Simplify the sourcing process. Do I need one?

Networking 130

Networking Suppliers Buyers supply chain budgeting 130

ivalua

SEPTEMBER 28, 2020

It breaks the bond between Buyer and Supplier, resulting in fragile supply chains and lots of mistrust. The Purchase Order has been touted as the only way to manage ‘maverick’ spend (stopping off budget expenditure), but it’s also a way to automate invoice processing. There are exceptions to every rule, and that rule just doesn’t work.

supply chain budgeting 237

supply chain budgeting Purchase orders Networking Buyers 237

Una

NOVEMBER 19, 2023

The Definition of a Sourcing Hero | Part Two Past guests from The Sourcing Hero podcast provide the definition of a sourcing hero and give examples of heroism in a business context. The definition of a sourcing hero At the close of every episode, Kelly traditionally asks each guest a question. We are all human.

Sourcing 52

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

Spend Matters

APRIL 5, 2023

Categories: Contract Management , Procurement Systems & Architecture , Solution Providers , Source-to-Contract Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of Spendflo and its solution for SaaS procurement and management. SaaS management and buying tools such, as Spendflo, address the lack of buyer visibility.

e2e 75

e2e Management Buyers Contract 75

Una

AUGUST 24, 2022

Not only are manufacturing companies looking to improve the experience they offer distributed buyers of MRO supplies, procurement is more aware of the experience expectations as well. In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Mike Franz, Founder and CEO of ManufacturingPower.com. Highlights.

Spend management 98

Spend management Management Buyers Purchasing 98

Procurement Leaders

MARCH 10, 2023

So risk will be one of the key metrics for purchasing in the future. Listen to the conversation in full or read highlights, below: Highlights Focus on weaknesses ahead of strengths “The last three years have shown us both our potential vulnerabilities and our strengths in purchasing.

Collaboration 147

Collaboration Supply chain Management Risk management 147

The Thomas Blog

AUGUST 2, 2022

In a recent Industrial Buyer's Search Habits Survey , one purchasing supervisor that "having more online information like specifications, pricing, lead time, and stock levels online are important when I'm vetting new suppliers and will make my job easier.". Make Buyers Contact You. appropriate certification.

Buyers 144

Buyers Quality Ethics Export 144

Arkestro

MAY 28, 2024

Procurement requests are a critical component of strategic sourcing and purchasing initiatives for businesses. Understanding the role of these documents during each phase of the procure-to-pay or source-to-pay process is a key step in designing an optimal and autonomous sourcing workflow.

Competitive bidding 52

Competitive bidding Strategic sourcing Strategic sourcing Procurement 52

The Procuretech Podcast

MAY 6, 2020

Anthony is the CEO of Una, a US-based group purchasing organisation from Kansas City. It's all about leveraging technology + expertise to hit the sweet spot of saving client organisations both time and money when it comes to managing tail spend with vendors where the buyer would otherwise not have a great deal of buying power.

Purchasing 40

Purchasing Buyers Strategic sourcing Strategic sourcing 40

Procurement Tactics

NOVEMBER 27, 2022

We will discuss with you what green purchasing is and the challenges facing procurement professionals in green procurement. What is Green Purchasing? Additionally, green purchasing considers the circular economy. You also have the choice to source for suppliers who already implemented sustainability in their processes.

Procurement 191

Procurement Sustainability Purchasing Raw materials 191

Procurement Tactics

JULY 14, 2022

Procurement executives are known as purchasing agents or buyers in some organizations. Purchasing agents are responsible for negotiating and evaluating with the suppliers. Purchasing agents are tasked with sourcing direct and indirect materials requested by different departments in an organization. .

Procurement 130

Procurement Purchase orders Purchasing Negotiation 130

Spend Matters

DECEMBER 19, 2022

In fact, post-pandemic business conditions make cost insights even more important and further highlight how relationships between buyers and suppliers can be the difference in tough times. To potential buyers — WTP is a valuable solution to enhance an organization’s capabilities related to price intelligence and management.

Price 80

Price Raw materials Management Buyers 80

World of Procurement blog

APRIL 23, 2024

Introduction to the Procurement Lifecycle The procurement lifecycle encompasses all activities related to acquiring goods and services from external sources. Mastering it can lead to significant cost savings, improved efficiency, and enhanced quality of products or services purchased.

Purchase orders 52

Purchase orders Procurement Quantity Budget 52

World of Procurement blog

APRIL 23, 2024

Introduction to the Procurement Lifecycle The procurement lifecycle encompasses all activities related to acquiring goods and services from external sources. Mastering it can lead to significant cost savings, improved efficiency, and enhanced quality of products or services purchased.

Purchase orders 52

Purchase orders Procurement Quantity Budget 52

Jaggaer

SEPTEMBER 8, 2020

JAGGAER understands the traditional roadblocks to spend management and how important it is to gain insight into operational ineffectiveness in order to improve your sourcing success. Identify all the sources available for your spend data, from all of your departments, plants and business units. Purchases made from IBM, IBM Corp.,

Eprocurement 123

Eprocurement Buyers Contract Purchasing 123