Procurement Tactics

MARCH 16, 2023

Category Management Category management sorts your spending into areas with the same supplier markets. Integrate procurement software Companies that manage their procurement manually are susceptible to human error, delayed payments, and non-compliance. Why is it important? What is a procurement strategy?

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

Procurement Software

JANUARY 26, 2025

Increasing inflationary cost pressures, more supply chain disruptions, and the imperative for more transparency to satisfy Corporate Social Resposibilty (CSR) directives, or recent legislation in countries like Germany and Norway. Category Managers will be freed up to spend more time on execution rather than data gathering.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Category management 52

Procurement Templates

MARCH 7, 2024

Contract management: Procedures for drafting, negotiating, executing, and monitoring contracts to ensure compliance with terms and conditions, as well as regulatory requirements. I curate best book marks so you don’t need to hunt around!

Supply Chain Efficiency 130

Supply Chain Efficiency Procurement Ethics Contract management 130

Jaggaer

FEBRUARY 20, 2025

Rather than treat procurement as a series of disparate tasks, global organizations in all sectors implement efficiency across the source-to-pay journey. Each stage contributes to a more strategic approach to procurement: Spend management: Despite the title, source to pay cannot really start with sourcing. the public sector).

Sourcing 52

Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

Procurement Software

MARCH 16, 2025

While full-scale digital transformation certainly takes time, organisations can see rapid improvements in efficiency, collaboration, and data accuracy right from the outset. Procurement now has its turn to drive efficiency and performance gains through better data. Sales have had reliable data ever since they had a CRM.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

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. I knew what I needed, and Legal knew what it needed from a CLM solution for its end.

Influencing 103

Influencing Procurement supply chain budgeting Strategic sourcing 103

Jaggaer

FEBRUARY 5, 2025

It is a process that creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. Negotiation with suppliers implies direct human interactions: face-to-face, by phone or email etc.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 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

SCMDOJO

APRIL 3, 2022

They are far more convenient than conventional discussions and negotiations, providing procedural integrity and transparency while also lowering final prices owing to enhanced supplier competitiveness. Digital bidding, or eAuctions, are a more efficient way of negotiating with vendors in the international market. Macfarlane, 2017).

Supply Chain Efficiency 141

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 141

Procurement Tactics

JANUARY 8, 2023

It can also help drive sustainability initiatives in your supply chain and procurement process. . The Closed Loop Spend Management. Responsible sourcing – Establishing trust and transparency in the value chain. Accountability of category managers and suppliers as the core drivers of impact.

Sustainability 207

Sustainability Procurement Agile and Lean Supply Chain Supply Chain Optimization 207

ivalua

JUNE 2, 2016

For those of you who are executives in Supply Chain, Procurement or New Product Introduction/Development, this is a must read. Challenges in this new manufacturer/supplier partnership Burton cites include: Risk management. Challenges in this new manufacturer/supplier partnership Burton cites include: Risk management.

Supply Chain Efficiency 113

Supply Chain Efficiency Procurement supply chain software solutions Supply chain 113

SCMDOJO

NOVEMBER 2, 2023

Effective supply chain management is essential for success in the dynamism and connectivity of modern companies. To accomplish this, you require the skills of supply chain experts who can manage the complexity and difficulties of today’s global supply chains. With a Ph.D.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 59

SCMDOJO

JULY 3, 2023

Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. Roles in the negotiation process Procurement Training Course #3: Introduction to Category Management The objective of this course is to familiarize you with the process of Category Management and its administration.

Cost of ownership 98

Cost of ownership Procurement Category management supply chain software solutions 98

Procurement Software

MAY 9, 2022

Supplier Relationship Management (SRM) can be complex. Supplier relationship management software can make things a little bit easier. Sales & Marketing teams have reaped the benefits of Customer Relationship Management (CRM) solutions & Marketing Automation for the past 15–20 years. Safeguard Brand Value.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Procurement Software

MAY 9, 2022

Supplier Relationship Management (SRM) can be complex. Supplier relationship management software can make things a little bit easier. Sales & Marketing teams have reaped the benefits of Customer Relationship Management (CRM) solutions & Marketing Automation for the past 15–20 years. Safeguard Brand Value.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Procurement Software

APRIL 23, 2024

Spend analytics software would be the first tech investment I’d make in a greenfield Head of Procurement role. To do this quickly and efficiently, spend analytics software is your best friend. Sure, but it won’t be very efficient and it’s prone to human error. Mithra-Ai Mithra-AI Solutions B.V.

supply chain software solutions 52

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

Supply Chain Game Changer

OCTOBER 28, 2021

Subscribe to Supply Chain Game Changer. Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. Subscribe Here! Email Address. Featuring Our 12 Best Procurement Articles! It’s time to air our dirty laundry.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

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

Spend Matters

JANUARY 5, 2024

While it is best known for its end-to-end CLM for legal, procurement, sales and risk teams, CobbleStone Software ’s capabilities also touch on sourcing and e-procurement, giving it broad coverage of procurement processes. It makes the invisible visible through discovery and continuously monitors key issues to supply chain risk.

e2e 103

e2e Procurement supply chain software solutions Contract 103

Una

JULY 6, 2022

Una does this by offering assistance on everything from supply chain management, data and analysis, education, and more. Supply Chain Management. A lot of resources can be eaten up by trying to manage the purchasing and negotiation processes with suppliers. Partner in Procurement.

Purchasing 92

Purchasing Category management Real-time Visibility Supply Chain Efficiency 92

Spend Matters

DECEMBER 21, 2023

AI can help create greater efficiency and value across all source-to-pay processes, including spend analysis, opportunity identification, sourcing and contract management, category management, supply relationship management and risk management.

Procurement solutions 110

Procurement solutions Procurement e2e Real-time Visibility 110

Arkestro

APRIL 25, 2023

Resources / Blog / Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Construction companies face a host of challenges in the post-COVID era. from February 2020 to August 2022.

Supply Chain Efficiency 52

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

Procurement Express

DECEMBER 31, 2024

Different departments handle different purchases without much transparency across departmental lines. Admin staff might be responsible for ordering office supplies. Types of Indirect Spend Categories Managing indirect spend can feel overwhelming, especially when it spans so many categories. The list goes on.

Spend management 40

Spend management Strategy Management Real-time Visibility 40

Spend Matters

JANUARY 25, 2024

In no order of preference, other than by the date they arrived in our inbox, today let’s hear from enterprise intelligence software specialist SAP , one of Spend Matters 50 Procurement Providers to Know. I believe that the scope of procurement will not contract back to a sole focus on supply stability and cost containment.

Procurement solutions 101

Procurement solutions Procurement supply chain software solutions Supply Chain Efficiency 101

NLPA (Next Level Purchasing Association)

JANUARY 20, 2025

Inventory valuation plays a crucial role in procurement and supply chain management. Selecting the right method not only impacts financial reporting but also affects operational efficiency and tax liabilities. Advantages of FIFO: Aligns with actual inventory flow, improving operational efficiency.

Inventory 52

Inventory supply chain software solutions Management Supply Chain Optimization 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. Logistics & Supply Chain : Enhances throughput in distribution centers.

Procurement team 52

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

Spend Matters

JANUARY 23, 2024

It basically multiplies efficiency through higher process automation. As we think about AI now and AI in the future at SAP,” says Sack, “there will be a blend of mundane AI and generative AI, integrating established, efficient processes with the transformative power of more cutting-edge AI abilities.

Category management 95

Category management Data Procurement supply chain software solutions 95

Procurement Software

JULY 4, 2023

It aims to make the procurement process more efficient, transparent, and cost-effective. Ultimately, digital procurement enables organisations to enhance the overall procurement experience, as well as increase efficiencies and transform their end-to-end procurement function. What is procurement tech?

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement supply chain budgeting 52

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). using RAG ).

Networking 114

Networking Spend management Suppliers Supply Chain Optimization 114

Supply Chain Game Changer

JULY 3, 2019

Subscribe to Supply Chain Game Changer. The Green Supply Chain: True Sustainability or Just One Big Marketing Stunt? Be sure to take into account a holistic understanding of value creation when choosing software to support your realization of responsible sourcing. Subscribe Here! Email Address. Sustainability.

Sustainability 58

Sustainability Sourcing Supply Chain Efficiency Real-time Visibility 58

Supply Chain Game Changer

FEBRUARY 25, 2020

Subscribe to Supply Chain Game Changer. Strategic Supplier Relationship Management – Do’s and Don’ts. Thus it makes sense to have a Supplier Relationship Management program. We held the session and gave the suppliers a blunt and transparent view to our dilemma. Subscribe Here! Email Address.

Supplier relationship management 87

Supplier relationship management Suppliers Management Supply Chain Efficiency 87

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. Computer software programs act as lasting assets.

Demand 130

Demand Management Buyers Purchasing 130

Supply Chain Game Changer

APRIL 30, 2019

Subscribe to Supply Chain Game Changer. 6 Trends to Make Supply Chain Managers the Heroes of Their Company! I had just inherited a new department into my organization, the Product Data Management (PDM) team. Master Data Management (MDM). The post What is Product (or Master) Data Management?

Data 60

Data Bill of materials Management supply chain software solutions 60

Jaggaer

DECEMBER 13, 2024

The Essential Guide to Source to Pay, Source to Contract, and Procure to Pay Whether youre new to the world of procurement and supply chain management, or a seasoned veteran; whether you work in a major manufacturing industry, a university, or a medium-sized clinical research organization, you may find procurement jargon rather confusing.

Sourcing 52

Sourcing Contract Procurement Chief Procurement Officer 52

Supply Chain Game Changer

AUGUST 15, 2019

Subscribe to Supply Chain Game Changer. Strategic Supplier Relationship Management – Do’s and Don’ts. Article written for Supply Chain Game Changer by, and permission to publish here provided by, Tyler Brown. 10 Strategies for Improving Supplier Relationship Management (SRM)!

Suppliers 58

Suppliers supply chain software solutions Supply Chain Efficiency Supplier relationship management 58

Procurement Software

MARCH 19, 2024

It will take time before we have dedicated generative AI-driven procurement software. Generative AI’s current impact in procurement is best illustrated by tech-savvy procurement category managers leveraging apps like ChatGPT and Bard to streamline the execution of routine tasks. However, the future potential is so much greater.

Procurement 52

Procurement Category management supply chain software solutions Data 52

Barkers Procurement

MARCH 26, 2023

You’re likely keen to cut costs, and a look at spending across the supply chain is one obvious way to do it, which can lead to significant savings. It’s essential for there to be clear communication between the top level management of the company and everyone involved in procurement.

Procurement 52

Procurement Purchase orders Supply Chain Efficiency supply chain software solutions 52