Spend Matters

FEBRUARY 13, 2025

Identifying the need for foundational technology and processes Before joining Utz as its SVP Procurement, Ron had been consulting with the Supply Chain department working on a number of different projects. In addition, the broader supply chain organization was working to implement other new tools and processes.

Influencing 103

Influencing Procurement supply chain budgeting Strategic sourcing 103

Procurement Software

MARCH 16, 2025

Fewer Emails Procurement teams typically manage more suppliers than Sales teams do customers. Dealing with all of these contracts, sourcing events and purchase requests simultaneously, without a digital solution, results in email overload. These repetitive tasks not only consume valuable time, but also increase the risk of human error.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

Jaggaer

FEBRUARY 20, 2025

Big data and digital technologies support the aggregation of purchases across business units to improve performance, provide better spend analysis, and drive business value. In this way, the procurement function becomes a strategic business partner that not only contains costs but delivers true value and even helps to generate revenue.

Sourcing 52

Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

Procurement Tactics

JANUARY 8, 2023

It can also help drive sustainability initiatives in your supply chain and procurement process. . The Closed Loop Spend Management. Articulate value drivers that address cost reduction, and demand management while also considering social and environmental impacts. What is closed loop spend management?

Sustainability 207

Sustainability Procurement Agile and Lean Supply Chain Supply Chain Optimization 207

Procurement Tactics

OCTOBER 13, 2022

Before we tackle what strategic sourcing managers are, we must first know strategic sourcing to fully grasp their role in the company. . Strategic sourcing is a part of the supply chain and puts an emphasis on customized solutions and strategic partnerships. Assess and calculate the costs of procurement.

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

Positive Purchasing

NOVEMBER 9, 2023

The good news is there is already a well-proven approach that can help – category management. Using Category Management to Drive Sustainability For some areas of spend, a simple desktop review to scope and plan improvement projects to be implemented via cross-functional engagement can be sufficient, or at least a good start.

Sustainability 111

Sustainability Category management supply chain budgeting Influencing 111

Jaggaer

FEBRUARY 5, 2025

The process creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. In recent years unforeseen supply chain disruptions have forced companies to identify and plug these gaps at short notice.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Efficiency Sourcing 52

Positive Purchasing

NOVEMBER 1, 2023

Written by Jonathan O’Brien , leading procurement expert and CEO of Positive Purchasing Ltd. I have a healthy budget, but am struggling to find the right fit – what would you say to me? New or growing tech businesses must decide whether to spend their limited budgets on product, sales and marketing, or on people.

Procurement 111

Procurement supply chain budgeting Category management Budget 111

Una

APRIL 9, 2024

How to (Actually) Transform Your Business with Group Purchasing Learn how to transform your business with group purchasing and add an average of 18-22% savings per category to your bottom line. It might not seem like much but at the time, that meant more wiggle room in our household budget as a young family. in savings ?

Purchasing 52

Purchasing supply chain budgeting Real-time Visibility Supply Chain Optimization 52

SCMDOJO

APRIL 3, 2022

eAuctions are online real-time dynamic discussions between one purchasing organization and a group of pre-qualified vendors competing for the purchaser’s trade. General Cost Reductions: Maybe it is just one of the advantages of eAuctions, but it is still significant! It’s time for the Auctioneer to take the stage!

Supply Chain Efficiency 141

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 141

Procurement Express

DECEMBER 31, 2024

However, these strategies often only account for direct procurement or the purchases associated with the products a company sells. Indirect spending, or those purchases that fall into the everything else categoryfrom IT equipment and professional services to payrollaren’t always held to the same standard. The list goes on.

Spend management 40

Spend management Strategy Management Real-time Visibility 40

SCMDOJO

JULY 3, 2023

Read More: Top 10 Supply Chain Management Courses to Boost Your Career ] Accreditation and Industry Recognition Check to see if the training programme is acknowledged by the procurement sector or accredited by the relevant professional organizations. What is procurement and purchasing Lesson 2. Types of procurement.

Cost of ownership 98

Cost of ownership Procurement Category management supply chain software solutions 98

SCMDOJO

FEBRUARY 5, 2025

Targeted Learning: SCMDOJO offers a range of courses and learning paths focusing on specific procurement areas, such as e-auctions, contract negotiation, cost optimization, and supply chain resilience. Budgeting several thousand pounds is a realistic starting point.

Procurement 59

Procurement Real-time Visibility supply chain budgeting Supply Chain Optimization 59

SCMDOJO

FEBRUARY 13, 2023

The procurement department is an integral part of any organization, playing a crucial role in the purchasing process. This department manages the selection, acquisition, and payment of goods and services needed to run a business. Purchasing refers specifically to the act of negotiating and purchasing goods or services from a vendor.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

Una

OCTOBER 11, 2022

If you’re new to the concept of group purchasing , you may be asking yourself where, exactly, the biggest savings can be found. The answer is no secret: the steepest discounts exist in the most popular categories with the biggest volumes of purchasing. By Hugo Britt | October 11, 2022. The benefits?

Spend management 97

Spend management Management Purchasing Real-time Visibility 97

Spend Matters

JUNE 19, 2023

E-procurement solutions use an electronic interface to automate, guide and approve the purchase and reception of products and services. They mainly make requisitions and purchase orders to suppliers through searches in internal or external catalogs or via configurable electronic forms. What does an E-Procurement solution do?

Procurement solutions 98

Procurement solutions Procurement supply chain budgeting Real-time Visibility 98

Positive Purchasing

AUGUST 24, 2022

Indeed, many are experts in their fields, particularly those within organizations that work on the concept of category management. Procurement people not only work out where to source something sustainably, they also make sure that they tick all the boxes and bring it in on time and on budget.

Procurement 98

Procurement supply chain budgeting Purchasing Category management 98

The Procuretech Podcast

JULY 11, 2023

In this episode of the Procuretech Podcast, host James Meads is joined by a multiple published author, procurement training business owner and SaaS entrepreneur - Jonathan O'Brien, CEO of Positive Purchasing. Sustainability, supply chain risk, digital transformation and visibility. Category management is the first step.

Purchasing 40

Purchasing Category management Procurement supply chain budgeting 40

Positive Purchasing

SEPTEMBER 5, 2023

Written by Jonathan O’Brien, leading procurement expert and CEO of Positive Purchasing Ltd. James Meads: Positive Purchasing recently celebrated 20 years in business so, what would you say are some of the main changes that you’ve observed since you launched? We’ve got new sustainability legislation we have to comply with.

supply chain budgeting 69

supply chain budgeting Category management Negotiation Sustainability 69

Supply Chain Game Changer

NOVEMBER 13, 2018

And What is Purchasing? From the starting point of the traditional buy-sell, transaction-based purchasing, the practice has moved through stages of change that redefines most aspect of the business. The fundamental objective of any organisation is lowering the cost of goods manufactured. Check out What Exactly Is Procurement?

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

Barkers Procurement

JANUARY 22, 2023

To navigate supply chain changes and disruptions Supply chains have taken quite a beating in the last few years, as a result of the pandemic, and it looks as if they’re going to continue suffering disruptions in 2023. Digital procurement services can help you plan for this kind of disruption.

supply chain budgeting 52

supply chain budgeting Procurement Category management Supply Chain Efficiency 52

Procurement Software

MARCH 11, 2022

Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. And yet, poor operational efficiency in Procurement means that the typical Category Manager often spends at least a THIRD of their time performing “busy work” This is not an effective or efficient use of their time.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Empowering CPO

JUNE 30, 2023

Introduction In the dynamic world of business, the ability to effectively manage and optimize supply chains has emerged as a critical success factor. At the heart of this revolution lies a powerful tool that many companies are now leveraging to achieve competitive advantage: Managed Procurement Services.

Supply Chain Optimization 52

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

Future Purchasing

FEBRUARY 3, 2022

What happens before Category Management? The answer to this can fundamentally affect how category management delivers in practice. This pre-category management activity comes under several names, but all are doing the same thing. The importance of the internal environment cannot be understated.

Category management 59

Category management Procurement supply chain budgeting Budget 59

SCMDOJO

JULY 18, 2023

In this guide, we will explore the key benefits and importance of contract management in procurement and provide insights on how to implement effective practices. Read More: Category Management in Procurement: A Comprehensive Overview & Best Practices ] What is Contract Management?

Contract management 98

Contract management Contract Import Management 98

Una

JULY 25, 2023

This article explores the importance of monitoring supplier KPIs and why having them in place is key for reducing costs and improving your bottom line. Do you really need to complete every step for every purchase? Does every purchase require an audit? Procurement and Supply Chain: What’s the Difference?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Procurement Category management 52

Arkestro

APRIL 25, 2023

The workforce shortage reached half a million this year , and many sectors continue to grapple with increased lead times, and volatile material costs. In fact, 71% of all companies said the cost of raw materials is the biggest threat to their supply chain in 2023. from February 2020 to August 2022.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing supply chain budgeting Real-time Visibility 52

NLPA (Next Level Purchasing Association)

JANUARY 6, 2025

What makes FIFO (First-In, First-Out) such a vital strategy for inventory management in Purchasing and Procurement? In the fast-paced and ever-changing world of supply chains, FIFO stands out as a simple yet transformative approach. FIFO enables leaner operations, reduces costs, and ensures accurate inventory valuation.

Procurement team 52

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

Procurement Templates

JANUARY 17, 2024

Demand management embedded within the procurement process. How is this considered throughout the supply chain and reported at a senior level. Organisation undertakes a full assessment of the waste within the supply chain in relation to risk-based existing contracts. a purchaser of simple machine tools).

Demand 130

Demand Management Buyers Purchasing 130

Spend Matters

NOVEMBER 2, 2023

Travel and Expense management leveraging SAP Concur is an easy plug in for travel spend management and all spend flowing through expense reporting. baking in benchmarking opportunity analytics more deeply and formally into the analytics, sourcing and category management applications).

Networking 114

Networking Spend management Suppliers Supply Chain Optimization 114

Spend Matters

JUNE 21, 2023

Frameworks became a useful tool, saving time, resources and money, because buyers did not have to run an entirely new, advertised and open process every time they wished to make a purchase. So, when Framespan was explained to me a few months ago, my immediate reaction was – “yes, it’s a great idea, but I should have done it years ago!”

Buyers 98

Buyers supply chain budgeting Suppliers Contract 98

Procurement Software

MARCH 11, 2022

Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. And yet, poor operational efficiency in Procurement means that the typical Category Manager often spends at least a THIRD of their time performing “busy work” This is not an effective or efficient use of their time.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

Supply Chain Game Changer

NOVEMBER 24, 2018

Those same companies, out of necessity, became more sophisticated and implemented Strategic Sourcing and Category Management, delivering substantial savings to their companies bottom line and even help capture innovation. So, what can these small and medium sized business’s do without breaking the budget? Email info@procurepro.ca

Procurement 51

Procurement supply chain budgeting Contract Competitive bidding 51

World of Procurement blog

JULY 27, 2021

You were probably expecting us to state it is “to buy or purchase a service or an object”. Whilst Procurement can often be carried out via a purchase, it is more than just purchasing. You’ll also notice that Procurement is often talked about as part of the Supply Chain. How to do Procurement?

Procurement 52

Procurement Procurement team supply chain budgeting Contract management 52

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

This results in better negotiation outcomes, improved quality, reduced costs, and enhanced overall value delivery. 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

Barkers Procurement

FEBRUARY 10, 2023

Your provider is also likely to have contacts and working relationships with suitable vendors, and be able to secure better terms for supply of goods and services. A good understanding of supply chain value Your suppliers are important. This lays the foundations to determine how to best work with them.

Import 52

Import Procurement supply chain budgeting Category management 52

Procurement Software

MARCH 11, 2022

Unlike for those who purchase direct materials, it’s much trickier to measure hard savings – i.e. those which are easily visible on the P&L statement – in the indirect space. Acknowledging cost avoidance: Why measuring procurement performance on hard savings alone is futile. Great for repeatable purchases.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52