Procurement Templates

DECEMBER 11, 2024

Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Supplier Relationship Management: Build and maintain strong supplier partnerships to ensure long-term business value. Savings can be cashable or non cashable i.e. cost avoidance.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

Spend Matters

MARCH 12, 2025

This Spend Matters Vendor Analysis gives an overview of Forestreet, a supplier discovery solution. That is why supplier scouting/discovery is making a comeback (after years of putting ‘supplier rationalization’ at the top of every organizations priority list). This content is for members only.

Suppliers 76

Suppliers Agile and Lean Supply Chain Supply chain resilience Supply Chain Efficiency 76

SCMDOJO

DECEMBER 29, 2024

It will also help you develop a strong foundation in procurement best practices and enhance your ability to optimize costs and build strong supplier relationships. Develop a deep understanding of category management principles by getting enrolled immediately! GET ENROLLED NOW! Explore SCMDOJO Academy and other offerings!

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain KPIs Supply Chain Efficiency Category management 98

ivalua

JUNE 29, 2021

Supplier diversity programs are something many procurement professionals in the United States (U.S.) These programs are as familiar to procurement professionals as concepts like spend analysis or category management. businesses proudly maintain robust supplier diversity programs.

Business strategy 162

Business strategy Suppliers Strategy Ethics 162

Jaggaer

OCTOBER 24, 2024

Supplier Collaboration: Fundamental to Elevating Manufacturing Performance Supplier relationships are at the heart of manufacturing performance. That’s why supplier collaboration—that consistent, trusted, and responsive interaction between supplier and manufacturer—is pivotal to manufacturing success.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

ivalua

JUNE 26, 2023

Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change. See you soon!

Supply Chain Efficiency 244

Supply Chain Efficiency Strategic sourcing Strategic sourcing Procurement 244

Procurement Tactics

MARCH 16, 2023

Additionally, it involves a careful analysis of supplier selection, payment terms, contract negotiation, and acquisition of goods. Procurement Strategy This key element of strategic procurement is a long-term plan that ensures purchased goods and services from suppliers at the agreed terms, quality, and delivery time are cost-effective.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

ivalua

JANUARY 31, 2023

This puts the Procurement function in a central role towards establishing a transparent emissions baseline using reliable data and collaborating with suppliers on carbon savings plans to meet reduction targets and for reporting and risk assessment. They can use these models to focus on high-emitting categories and products.

Supply Chain Efficiency 246

Supply Chain Efficiency supply chain software solutions Supply chain Innovation 246

ivalua

JUNE 24, 2020

Customers can effectively manage all spend and all suppliers within a single platform, or select modules to target specific processes. Leveraging the pre-packaged s olution financial services customers are empowered to: Ensure regulatory and policy compliance at the supplier and contract level.

Spend management 246

Spend management Management Cost optimization Category management 246

Positive Purchasing

MARCH 4, 2025

By Jonathan OBrien with Stphane Morel In the ever-evolving landscape of procurement and supply chain management, category management remains a cornerstone. However, as technology advances and digital solutions become more integrated, the approach to category management is also transforming.

Category management 52

Category management Strategy Management Collaboration 52

NLPA (Next Level Purchasing Association)

FEBRUARY 29, 2024

In today’s dynamic business landscape, category management in procurement has become an essential weapon for procurement teams seeking to optimize spend, strengthen supplier relationships, and drive growth. This is where category management in procurement emerges as a game-changer.

Category management 52

Category management Management Procurement Supplier relationship management 52

Future Purchasing

OCTOBER 4, 2022

Category management is the strategic end-to-end process for managing categories of related supplier spend that aligns business goals and requirements with supply market capability. Effective internal cross-functional working is the foundation of successful category management. Business requirements.

Category management 59

Category management Strategic sourcing Strategic sourcing Sourcing 59

Spend Matters

OCTOBER 31, 2024

A network approach where suppliers maintain rich information on their cost structures (SG&A, machine rates, etc.) Instead of using RFXs, buyers and suppliers could benefit from the cost modeling and calculation capabilities to define and optimize prices of parts and products. to provide deep and accurate insights and auto-costing.

Buyers 114

Buyers Raw materials Networking Suppliers 114

Zycus Cognitive Procurement

SEPTEMBER 20, 2022

As the world continues to change at a rapid pace, category managers will need to be more nimble and adaptable than ever before. As a result, category managers must be prepared for continued evolution in shopping habits and be ready to adjust their strategies accordingly. Stay tuned! Key challenges.

Category management 59

Category management Management Price Sustainability 59

Procurement Heads

DECEMBER 7, 2022

We have three key areas: strategic sourcing, category management and vendor management, which is the onboarding and management of our suppliers and so on. The two key functional areas are strategic sourcing and category management. Then we also have vendor management. How big is the function?

Strategic sourcing 246

Strategic sourcing Strategic sourcing Vendor management Category management 246

ivalua

JANUARY 15, 2021

The solution will support Intalere’s Supplier Management, eSourcing, Contract Lifecycle Management and transactional procurement processes. has successfully deployed the Ivalua solution suite.

Supply Chain Efficiency 26

Supply Chain Efficiency Contract Management Suppliers 26

Skill Dynamics

JANUARY 14, 2025

A typical procurement competency framework covers several key areas, including but not limited to strategic sourcing, supplier management, risk management, and contract negotiation. This can lead to more effective sourcing, reduced sourcing costs, higher quality products, and stronger overall supplier relationships.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

ivalua

JANUARY 13, 2021

. – Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels. Also, an eprocurement solution provides you with clean spend data, which is the basis for a sound spend analysis and eventually relevant category management. 100% of electronic POs.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Budget 235

ivalua

FEBRUARY 8, 2023

As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier risk management are essential components to maintain stability during crises like these. Be proactive to mitigate supply chain risk by understanding your suppliers. Create speed and transparency.

Supply chain resilience 242

Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

Spend Matters

FEBRUARY 13, 2025

That system could tell you, for example, that the company had spent $XX million with a supplier on a particular ingredient or package. But to make its potato chips, Utz buys many different materials from many different suppliers, and Procurement needed greater data granularity.

Influencing 103

Influencing Procurement supply chain budgeting Strategic sourcing 103

Procurement Software

AUGUST 27, 2024

The Procurement Category Manager role has been the backbone of the procurement profession over the past 20 years. In addition, supply chains and risk management have become more complex, requiring a less siloed and more joined-up approach to managing strategic suppliers. He or she won’t need to be a metallurgist.

Category management 52

Category management Management Procurement Agile and Lean Supply Chain 52

Procurement Leaders

MAY 30, 2022

Like an increasing number of companies, property services giant CBRE recognises the value of using procurement to drive social impact through spending with diverse suppliers and social enterprises. Identifying new diverse suppliers to ensure coverage across all key categories of spend. Helping supplier development.

Suppliers 130

Suppliers Influencing Procurement team Procurement 130

Spend Matters

AUGUST 22, 2023

When price rises for raw materials, such as copper or wheat, are market-driven or are defined by market fluctuations, the procurement professional can be sure their supplier will be on the phone to set expectations of cost increases. So it’s the buyer’s job to understand the cost structure of the category they are buying,” he says.

Raw materials 97

Raw materials Suppliers Buyers Price 97

Art of Procurement

APRIL 30, 2023

“In our opinion, you have to take a category management approach to supplier diversity. Find those categories where there is. The post [Pod] Benchmarking Supplier Diversity to Drive Performance w/ Aylin Basom and Lois Eichacker appeared first on Art of Procurement.

Suppliers 80

Suppliers Category management Procurement Management 80

Procurement Software

MARCH 16, 2025

This makes it easier to track spending patterns, supplier performance, ESG data, and contract compliance. Clean data also reduces disputes with suppliers and internal stakeholders, as everyone works from the same reliable information. Fewer Emails Procurement teams typically manage more suppliers than Sales teams do customers.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 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. Published by Kogan Page on 3 May 2024Paperback, £49.99/$59.99

Category management 52

Category management Purchasing Supplier relationship management Management 52

Positive Purchasing

MARCH 20, 2024

Can Digital Category Management Enhance Efficiency Without Sacrificing Human integrity? Matchory is a Germany-based supplier discovery tool, enabling fast and easy searches for new vendors, from a database of millions of companies. We are delighted to have formed a new tech partnership with Matchory !

Category management 52

Category management Management Supplier relationship management Procurement team 52

Jaggaer

FEBRUARY 20, 2025

The term refers to the entire journeyfrom finding suppliers and negotiating contracts to finalizing agreements and making the final payment for goods. Category management: Whereas spend management aims to depict the entire landscape, category management fills in the detail for each major spend category.

Sourcing 52

Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

Spend Matters

AUGUST 19, 2024

True ValueHub is a costing solution for direct materials that takes a very analytical approach to the process of identifying opportunities based on a material’s characteristics and suppliers’ capabilities. This content is for members only.

Category management 117

Category management Buyers Influencing Sourcing 117

Jaggaer

FEBRUARY 5, 2025

Complete Source to Pay cycle and Strategic Sourcing Guide An optimized Source-to-Pay (S2P) process helps businesses enhance procurement efficiency, reduce costs, and improve supplier collaboration. Steps, Benefits, and Best Practices S2P covers the entire procurement lifecycle, from supplier selection to final payment.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Real-time Visibility 52

Procurement Heads

FEBRUARY 22, 2023

The Procurement and Vendor Management function is responsible for the entire sourcing lifecycle from source to pay within Zurich. We can influence our stakeholders in our respective companies to make better or more informed decisions and we can also influence suppliers in the way that we engage with them.

Sustainability 246

Sustainability Influencing Suppliers Supply chain 246

Procurement Tactics

OCTOBER 13, 2022

Additionally, it assesses the suppliers of the company to find the best supplier in the market and collaborate effectively which will enable them to establish a long-term relationship. What is a Strategic Sourcing Manager? A strategic sourcing manager is often confused with a procurement manager. Risk management.

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

Procurement Heads

JANUARY 4, 2023

In 2020, I moved back into corporate life as Head Of Supplier Relationship Management with Coventry Building Society. We have teams that look after risk and excellence because in financial services we need to demonstrate to our regulators that we have appropriate controls in procurement and supplier management.

Supply Chain Efficiency 246

Supply Chain Efficiency Agile and Lean Supply Chain Sustainability Suppliers 246

Jaggaer

FEBRUARY 5, 2025

Strategic Sourcing Success: Best Practices and Key Strategies Of course, there are many definition s of source-to-pay but put simply, strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. How Has Strategic Sourcing Evolved?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

Procurement Heads

OCTOBER 26, 2022

We are essentially set up across four key pillars: Category management and sourcing P2P Supplier management assurance and audit Sustainability. What are the roles and responsibilities the procurement function holds within your organisation? How do you split the function out?

Supply Chain Efficiency 246

Supply Chain Efficiency Supply chain Sustainability Suppliers 246

Procurement Freelancers

NOVEMBER 11, 2024

Every day, businesses waste precious time and money because they don’t know the best ways… The post Building Strong Supplier Relationships with Consultants first appeared on Procurement Blog | Procurement & Supply Chain News.

Suppliers 94

Suppliers Supply chain Procurement Supply 94

ivalua

JANUARY 30, 2023

The answer is simple- suppliers and spend. Key Steps to Get Started As Procurement professionals, you play a crucial role in reducing Scope 3 emissions–first by understanding emissions, and then, collaborating with your suppliers. It will also ensure that supplier profiles are enriched with sustainability data.

Procurement 130

Procurement Category management Suppliers Data 130