Jaggaer

FEBRUARY 5, 2025

The Power of Source-to-Pay Digital Transformation To put it briefly, source-to-pay refers to the entire process that starts with finding, negotiating with, and contracting the suppliers of materials, goods and services, and culminates in the final payment for those items.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

Supply Chain Game Changer

OCTOBER 15, 2019

Because the size of expenditure managed by Procurement is so large it is no longer sufficient that it is just operated as a back office function. It is more than just the organization that finds suppliers, negotiates contracts and sends purchase orders. This means more than just trying to negotiate the lowest cost.

Procurement 11

Procurement Category management Supplier relationship management Purchase orders 11

Barkers Procurement

FEBRUARY 10, 2023

It’s about knowing what works and what doesn’t in certain circumstances, whether that’s supplier negotiation or conducting a procurement transformation. Deep knowledge of your category Category management entails grouping certain goods or services into a single category for easier management.

Import 52

Import Procurement supply chain budgeting Category management 52

Supply Chain Game Changer

JULY 16, 2019

Supplier Relationships – Don’t go over to the Dark Side! Shortly after I joined the Commodity/Category Management Procurement organization I was invited to attend the annual Strategic Supplier Awards event. There were Executives from dozens of Suppliers in attendance. Subscribe Here! Email Address.

Supplier relationship management 58

Supplier relationship management Suppliers Management e2e 58

Una

NOVEMBER 13, 2023

How to Repair Damaged Supplier Relationships How to Get Started with Agile Procurement Fueling Profitability with Creative Category Management Focus on data and performance metrics Numbers speak volumes! Having a strong BATNA gives you the confidence to negotiate from a position of strength.

Negotiation 52

Negotiation Purchasing Price Suppliers 52

Procurement Software

APRIL 23, 2024

Utilising AI, particularly through their Cassian AI system, Spendkey automates spend and contract analytics, providing comprehensive insights that enable cost reductions and efficient supplier negotiations. Key Data: Founder / CEO: Alex Grundy Date Founded: 2019 Visit Spendkey profile in our Software Finder 5.

supply chain software solutions 52

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

Empowering CPO

JUNE 14, 2023

It’s a strategic function that involves understanding market trends, analyzing suppliers, negotiating contracts, and managing relationships, among other tasks. Category Management – Category management is a strategic approach that treats each category of spend as a separate business unit.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Positive Purchasing

APRIL 11, 2022

Supplier negotiations There you are in procurement and your suppliers are saying, ‘We need to pass this cost increase on to you’ Now, remember, there will be situations where suppliers are in long-term agreements where prices are fixed or there is a mechanism for how price works over the contract term.

Raw materials 52

Raw materials Supply Supply Chain Efficiency Price 52

Una

SEPTEMBER 22, 2022

Depending on the complexity of your IT procurement process, you may wish to issue a request for information (RFI), request for quote (RFQ), or request for proposal (RFP) to your shortlisted suppliers. Negotiate & Award Contract.

Procurement 98

Procurement Real-time Visibility Contract Purchasing 98

Una

JUNE 6, 2023

“We could use that to better prepare ourselves for a future negotiation; to predict certain scenarios that might happen in the future when we are dealing with that specific account rep. You just need to understand how to communicate with ChatGPT to make it output an effective category strategy.” Why is this prompt so effective?

Procurement 52

Procurement Negotiation Suppliers Strategy 52

Una

JUNE 6, 2023

“We could use that to better prepare ourselves for a future negotiation; to predict certain scenarios that might happen in the future when we are dealing with that specific account rep. You just need to understand how to communicate with ChatGPT to make it output an effective category strategy.” Why is this prompt so effective?

Procurement 52

Procurement Negotiation Suppliers Strategy 52

Procurement Software

MARCH 11, 2022

A direct materials buyer can frequently deliver a $1 million hard saving after the conclusion of one major supplier negotiation. But such a large sum from one negotiation or tender is virtually unheard of in many indirect categories. I’m not saying they have an easy ride or that this is straightforward to achieve.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Procurement Software

MARCH 11, 2022

A direct materials buyer can frequently deliver a $1 million hard saving after the conclusion of one major supplier negotiation. But such a large sum from one negotiation or tender is virtually unheard of in many indirect categories. I’m not saying they have an easy ride or that this is straightforward to achieve.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Procurement Software

APRIL 16, 2024

A few years down the road, they’re suddenly not managing to do what they need to do. For example, their procurement teams are not negotiating well, because the people haven’t been trained in effective supplier negotiations, or they haven’t refreshed their other core procurement skills.

Procurement 52

Procurement Budget Procurement team Negotiation 52

Procurement Insights

APRIL 8, 2025

GEP (GEP SMART) Evidence: GEPs unified procurement platform (Web ID: 5) integrates AI for predictive analytics and supplier management, with GEP Outlook 2025 emphasizing resilience and adaptability (Web ID: 18). supplier negotiations). Hansens critique of SaaS hype (Web ID: 5) notes GEPs evolution beyond static models.

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The Procuretech Podcast

SEPTEMBER 19, 2022

The Classification Guru can help with things like supplier cleansing for PT implementations and CRM systems. Susan is also currently working on an exciting project outside of the procurement space for retail category management. Basically, if you've got a data problem, Susan can help with it.

Data 40

Data Procurement Category management Suppliers 40

Empowering CPO

JULY 2, 2023

Modern procurement services encompass a wide range of activities such as strategic sourcing, category management, contract negotiation, risk management, and supplier relationship management. However, in today’s complex and globalized economy, procurement goes far beyond simple buying.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Spend Matters

JANUARY 6, 2025

Successful supplier negotiations begin long before a category manager sits down at the negotiating table. This Spend Matters Vendor Analysis gives an overview of Whats The Price (WTP), a solution built to quickly provide procurement professionals with insights into the costs and prices of any product or commodity.

Price 120

Price Raw materials Management Supplier negotiation 120

Arkestro

MARCH 28, 2025

A proactive, AI-driven approach to supplier negotiations that unlocks trapped savings, delivers value beyond price, and enhances supplier selection. savings per $1M spent through Arkestro Strategies for managing cross-border supplier relationships AI-driven Spend Transformation vs. The solution?

Strategy 52

Strategy Bill of materials Supplier negotiation Procurement 52