Arkestro

APRIL 2, 2024

Resources / Analyst Reports / Procurement 2024: BIG Trends and Predictions Procurement 2024: BIG Trends and Predictions Download Now Let's Talk By the end of 2024, new AI innovations will begin to significantly change all facets of supply management technology. But in 2024, the role has never been more important.

Procurement 52

Procurement Chief Procurement Officer Procurement team Buyers 52

Jaggaer

OCTOBER 24, 2024

Strategies for Building Resilient Supply Chains Recurring disturbances in recent years have highlighted the need for manufacturers and contract manufacturers to build resilience into their supply chains.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Jaggaer

FEBRUARY 18, 2020

The recent disruptions to supply chains caused by the coronavirus epidemic in China have given supply managers the world over pause for thought. Now more than ever, businesses must improve the efficiency of their supply chains not only to maintain a competitive advantage but also to reduce risk.

Suppliers 103

Suppliers Agile and Lean Supply Chain Supply Chain Efficiency Supplier relationship management 103

Strategic Sourceror

SEPTEMBER 28, 2022

Steel said it anticipated its earnings would be negatively impacted because of weaker demand and having to charge customers less to account for the surplus in supply. In the Institute for Supply Management's September report tracking nationwide manufacturing activity, steel was among the commodities listed as costing less.

Price 62

Price Demand Strategic sourcing Strategic sourcing 62

Procurement Insights

OCTOBER 8, 2023

Thierry Fausten • Chartered MCIPS | Procurement & Supply Management Advisor | Exclusive Country Partner CIPS for Business | Speaker | Trainer | Teacher Thanks for hightighting this article, Jon W. Even though it looks more like a commercial than the kind of thought leadership Kate Vitasek is used to delivering.

Buyers 40

Buyers Suppliers Collaboration Leadership 40

Procurement Insights

AUGUST 30, 2023

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. Delivery performance and product quality also improved dramatically.”

Real-time Visibility 52

Real-time Visibility Procurement supply chain software solutions Buyers 52

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. These insights enable data-driven decision-making, negotiation strategies, and risk mitigation, leading to more informed procurement choices.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Jaggaer

DECEMBER 13, 2024

Strategic sourcing: This is a process of developing a channel of supply for products or services with the best supplier(s) at the lowest total cost of ownership (TCO) or best value (as opposed to the lowest price). The sourcing and supply management team must also define strategies (single vendor, multivendor, potential future vendors etc.)

Sourcing 52

Sourcing Contract Procurement Chief Procurement Officer 52

Supply Chain Game Changer

MARCH 6, 2019

In essence, sourcing is the first point of contact between the buyer and supplier organizations, which makes it a very formative phase of the overall relationship for collaboration. The responsibility of sourcing responsibly is shared between stakeholder, supplier, buyer and society at large. Responsible Sourcing. Circular Economy.

Procurement 50

Procurement Procurement team Supply Chain Efficiency Innovation 50

SCMDOJO

FEBRUARY 29, 2024

Standalone metrics of metrics borrowed from other companies have a low chance of success because : They are not part of an overall supply management program. and procurement and supply management operations. What to evaluate should be related to the requirements of the particular buyer (Knowledge Works, CIPS).

Suppliers 84

Suppliers Management Quality Import 84

Positive Purchasing

DECEMBER 6, 2022

This would necessitate a close operational relationship as buyer and supplier will need to know the farmers personally and interact regularly. Unlocking this next level of value requires a new form of buyer and supplier collaboration, where what is achieved together can be greater than the sum of each party’s individual achievement.

Sustainability 52

Sustainability Supply Chain Efficiency Supplier relationship management Innovation 52

Procurement Software

MARCH 5, 2024

It promises to assist with improving buyer and supplier collaboration. LUPR also leverages the power of Salesforce CRM to lead the transformation of Supply Management. Part Analytics Part Analytics is an AI-powered supply management platform focusing on direct materials sourcing.

Real-time Visibility 52

Real-time Visibility supply chain software solutions Procurement Supply Chain Efficiency 52

World of Procurement blog

JANUARY 27, 2021

When I graduated college with my shiny new Supply Chain Management degree, I figured I was heading into my first job to work on supplier contract negotiations, optimizing production line output, and all of the other 'sexy' supply chain management strategy we had spent two years learning about.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Optimization Supply chain Supply 52

NLPA (Next Level Purchasing Association)

SEPTEMBER 21, 2023

Staff Your Purchasing Department Effectively Learn how to assemble the right team for your purchasing department and assign buyer responsibilities strategically. Create a Purchasing Dashboard Build a Purchasing Dashboard to monitor key performance indicators and set appropriate departmental goals.

Procurement 52

Procurement Supply Chain Optimization Supply Chain Efficiency Supply chain management 52

SCMDOJO

SEPTEMBER 18, 2023

Buying: Buying, in the supply chain context, refers to the act of obtaining goods or services in exchange for monetary consideration. It is a fundamental activity within procurement, emphasizing the exchange of value between the buyer and the seller.

Procurement 105

Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 105

Procurement Software

MAY 16, 2023

Onventis Onventis provides a Procure-to-Pay module for buyers that streamlines the procurement process from purchasing to payment. The software automates workflows and approvals, manages supplier catalogues, and provides real-time analytics for better decision-making.

Procurement 96

Procurement Purchase orders Real-time Visibility Purchasing 96

Jaggaer

APRIL 14, 2020

This is perhaps an extreme example, but it highlights how COVID-19 is causing severe disruptions to supply chains. The broader issue is that border controls and travel bans limit the ability of supply managers to identify and qualify new suppliers.

supply chain budgeting 52

supply chain budgeting Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 52

Supply Chain Game Changer

NOVEMBER 14, 2018

Of course, issue management is critical and will involve all critical parties until resolution. Many organizations have developed web-based portals or use other cloud-based services to tie the supplier and buyer together. Effective supplier relationship management is an important element of a successful procurement program.

Supplier relationship management 44

Supplier relationship management Suppliers Management Agile and Lean Supply Chain 44

SPLC (Sustainable Purchasing Leadership Council)

MAY 18, 2018

About the Council: Founded in 2013, the Sustainable Purchasing Leadership Council convenes buyers, suppliers, and public interest advocates to develop programs that simplify and standardize sustainable purchasing efforts by large organizations. Custodial Supplies Management. Case Study Title. City of Portland, Oregon.

Leadership 40

Leadership Purchasing Sustainability Supply Chain Efficiency 40

Empowering CPO

JUNE 14, 2023

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. Moreover, traditional procurement models can be slow and bureaucratic, lacking the flexibility to adapt to changing business needs and market conditions.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Procurement Heads

JANUARY 4, 2023

As a Buyer at British Airways, I bought a range of different categories from engineering spares to airport services. I joined KPMG in their supply chain practice and spend the next 16 years on consulting assignments in a smaller firm. I completed my MCIPS there and then moved into consulting.

Supply Chain Efficiency 246

Supply Chain Efficiency Agile and Lean Supply Chain Sustainability Suppliers 246

Supply Chain Game Changer

JANUARY 9, 2019

However, in our online course “ Supply Management Contract Writing ,” we explore six in detail, including when to formalize obligations and rights, to control and allocate risk, and to agree on how exceptions will be handled. How do you decide if you need a contract for a purchase or not?

Procurement 68

Procurement Purchasing Negotiation supply chain software solutions 68

Una

AUGUST 9, 2022

Suppliers and manufacturers are paying more to ship products to buyers, experiencing shortages and continued supply chain disruptions, and needing to find creative ways to offset the burden of higher prices. Ascend Wellness Holdings | Bettering Their Bottom Line with Una.

Purchasing 96

Purchasing Strategy supply chain budgeting Procurement team 96

HICX

JULY 4, 2022

According to Charlotte de Brabandt , Representative of the Institute for Supply Management , we are just getting started with this change. “We Fundamentally, suppliers and buyers already have a solid relationship, but it needs to be nurtured. Both sides must ask themselves ‘Are we driving the needs of the business?’

Procurement 52

Procurement Chief Procurement Officer Supplier relationship management Suppliers 52