Procurement Tactics

MARCH 16, 2023

When strategic procurement is done correctly, it can help an organization to optimize its profit margin, reduce risks, and streamline the process of purchasing goods and services needed to achieve business goals. Category Management Category management sorts your spending into areas with the same supplier markets.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

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. Further reading.

Category management 59

Category management Strategic sourcing Strategic sourcing Sourcing 59

SCMDOJO

AUGUST 16, 2023

Among these strategies, the role of supply chain capability stands out as a key factor in driving success. A well-optimized supply chain not only ensures efficient delivery and cost-effectiveness but also provides companies with a competitive advantage in the market.

Supply Chain Efficiency 85

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 85

Supply Chain Game Changer

JANUARY 21, 2020

Subscribe to Supply Chain Game Changer. A “Don’t Touch” Strategy will Dramatically Lean out your Supply Chain! I started thinking about the Costco Supply Chain. What is it that makes Costco’s Supply Chain so effective? Subscribe Here! Email Address. Low SKU Count.

Agile and Lean Supply Chain 84

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization Supply chain 84

Procurement Tactics

JANUARY 8, 2023

It can also help drive sustainability initiatives in your supply chain and procurement process. . The Closed Loop Spend Management. Perform sustainable sourcing initiatives to optimize costs and reduce social and environmental impacts. . Manage and monitor cost savings and sustainability impact for each initiative.

Sustainability 207

Sustainability Procurement Agile and Lean Supply Chain Supply Chain Optimization 207

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

ivalua

MAY 1, 2020

The total costs, in terms of human lives, disrupted supply chains, ruined businesses and GDP impact, are still just projections in the array of charts presented daily by statisticians and data modelers. There are, however, already some clear lessons to be learned by Procurement and Supply Chain leaders.

Supply chain management 100

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 100

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

ivalua

AUGUST 17, 2022

O-I Glass has chosen Ivalua after assessing technology and process gaps related to strategic sourcing, supplier relationship management, category management, vendor quality, sustainability, and compliance. Lastly, Ivalua will ensure seamless integration with O-I’s existing ERP platform, as well as several third-party solutions.

Sourcing 130

Sourcing Buying process Supplier relationship management Supply Chain Optimization 130

Spend Matters

OCTOBER 31, 2024

To potential buyers — True ValueHub can save category managers and buyers significant time and money by identifying new opportunities based on a deep analysis of costs and drivers. Unlike many ProcureTech companies, True ValueHub was founded and is run by procurement and supply chain industry practitioners.

Real-time Visibility 102

Real-time Visibility Supply Chain Efficiency Buyers Supply Chain Optimization 102

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. Time management. Strategic sourcing managers have a lot to do.

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

SCMDOJO

JUNE 28, 2024

In recent years, there has been a significant shift in the supply chain industry as more and more women are choosing careers in this traditionally male-dominated field. This rise of women in the supply chain is not only breaking gender barriers but also bringing a fresh perspective and new ideas to the table.

Supply Chain Optimization 67

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 67

SCMDOJO

SEPTEMBER 19, 2024

At a time when businesses are evolving at a rapid pace, the significance of supply chain management continues to grow, becoming an essential part of operations for companies around the globe. Two platforms that stand out in this field are SCMDOJO academy and Coursera supply chain courses , among many others.

Supply Chain Efficiency 84

Supply Chain Efficiency Supply Chain Optimization Supply chain Supply chain management 84

Arkestro

JANUARY 4, 2023

Among them were supply chain disruptions , inflation, and supply scarcity and shortages. Companies Will Scale Their Procurement Knowledge Base and Enablement Programs To Attract and Retain A New Profile of Category Management Talent. The Supply Chain Will Continue to Heal. Inflation will go down.

Supply Chain Optimization 104

Supply Chain Optimization Procurement team Agile and Lean Supply Chain Supply Chain Efficiency 104

The Network Effect

FEBRUARY 6, 2015

His name is Ian and he is the VP of Supply Chain at a mid-sized retailer (with vast prior experience at a large retailer). In retail, the process of coming up with a forecast is typically a “joint effort” between the Category Manager and the Supply Chain Planner. Ludwig Erhard (1897-1977). Think about it.

Demand Planning 59

Demand Planning Agile and Lean Supply Chain Supply Chain Optimization Demand 59

SCMDOJO

JANUARY 26, 2024

Embarking on a journey to elevate your supply chain career requires a strategic roadmap, and in this blog post, we unveil eleven proven strategies that will act as your compass to success. When I aimed to transition from a demand planner to a supply chain manager, I developed a five-year plan.

Supply Chain Optimization 69

Supply Chain Optimization Supply chain Leadership Supply chain management 69

SCMDOJO

APRIL 20, 2023

Our procurement manager job description template is designed to provide you with a comprehensive guide to the key responsibilities and requirements of this pivotal role. Dr. Muddassir has received a PhD in Management Science from Lancaster University Management School.

Management 106

Management Procurement Contract management Supply Chain Optimization 106

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

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. Category Management.

Purchasing 92

Purchasing Category management Real-time Visibility Supply Chain Efficiency 92

The Good Spending

JANUARY 4, 2023

Its two dimensions suggest the flat Earth approach with insufficient room to cater to the complexities of modern category management and strategic sourcing situations. Category strategy will elaborate on logistical and supply management aspects, i.e., inventory planning and supply chain configuration.

Strategic sourcing 97

Strategic sourcing Strategic sourcing Agile and Lean Supply Chain Category management 97

Positive Purchasing

NOVEMBER 9, 2023

A Wider Horizon You will be familiar with the idea of optimizing what you buy. Now, with the need to move beyond price and security of supply to sustainable and ethical sourcing, procurement must become a more strategic and proactive function. However, eventually achieving true enterprise-wide change will require so much more.

Sustainability 111

Sustainability supply chain budgeting Category management Influencing 111

SCMDOJO

JUNE 6, 2024

Watch Procurement Jobs in Future I The Supply Chain Show video on SCMDOJO YouTube Channel! Ethical and Sustainable Procurement: The curriculum emphasizes the importance of responsible sourcing practices, aligning with the growing demand for ethical and sustainable supply chains. Enroll Now!

Procurement 90

Procurement Supply Chain Optimization Supply Chain Efficiency Ethics 90

Supply Chain Game Changer

AUGUST 30, 2022

Subscribe to Supply Chain Game Changer. The Single Point of Failure in Supply Chain – Semiconductor Fabrication! In fact these models are not just used casually, but they often are designed to inform and make optimal sourcing choices. The baby formula Supply Chain failed. And what happened?

Cost of ownership 103

Cost of ownership Supply Chain Optimization Procurement Price 103

Skill Dynamics

JANUARY 14, 2025

Strong negotiation can lead to cost savings, more advantageous counteract terms, and overall a much more optimized procurement chain. It also allows you to develop stronger relationships with your suppliers, allowing your supply chain to become more resilient and perhaps even unlocking some cost efficiencies through your suppliers.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

Supply Chain Game Changer

DECEMBER 3, 2019

Subscribe to Supply Chain Game Changer. Featuring Our 10 Best Inventory Management Articles! As I settled into the job and started learning, and studying, the various Supply Chain metrics I was surprised when I looked at the Inventory Turnover performance of the company. Subscribe Here! Email Address.

Inventory 56

Inventory Supply Chain Optimization Supply chain Supply 56

Procurement Templates

DECEMBER 11, 2024

Implement category management to gain deeper market expertise and create tailored sourcing strategies. Set Stretch Financial Targets Aim for Financial Excellence: Go beyond standard savings targets by managing working capital efficiently through optimized payment terms.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

Una

JULY 25, 2023

The Difference Between Strategic Sourcing & Category Management They say there are no stupid questions, but sometimes a new team member prefers to quietly Google a question like this rather than ask it in a meeting. Procurement and Supply Chain: What’s the Difference?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Procurement Category management 52

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 83

Procurement solutions Procurement e2e Real-time Visibility 83

SCMDOJO

JULY 18, 2023

Contract management plays a crucial role in the procurement process, as it helps ensure compliance, mitigate risks, and optimize supplier relationships. By effectively managing contracts, organizations can maximize the value of their procurement activities and minimize potential issues.

Contract management 98

Contract management Contract Import Supply Chain Efficiency 98

Spend Matters

JANUARY 5, 2024

Gatekeeper combines contract lifecycle management with third-party risk management, two areas that are related but usually addressed with disparate software tools. It makes the invisible visible through discovery and continuously monitors key issues to supply chain risk. Read part 1 here , part 2 here and part 3 here.

e2e 78

e2e Procurement supply chain software solutions Contract 78

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

Positive Purchasing

SEPTEMBER 5, 2023

Jonathan: We set the business up because we were convinced the World needed and was ready to embrace sustainability in both immediate suppliers and right down their extended supply chain – and a heap of conversations with prospective clients confirmed that this was indeed the case. The answer is simple – nothing.

supply chain budgeting 69

supply chain budgeting Category management Negotiation Sustainability 69

Solvoyo

JUNE 10, 2020

Increasing competition by online marketplaces, along with evolving consumer expectations and shopping patterns are making the category management decisions more complex. Category management and merchandise planning are at the core of retailing. As customers’ options increase, so do their expectations. 2) Early Detection.

Category management 52

Category management Supply Chain Optimization Agile and Lean Supply Chain Supply Chain Analytics 52

Supply Chain Game Changer

NOVEMBER 13, 2018

The process of strategic sourcing starts with spends analysis and category management, which identifies, consolidates and standardises information from a wide range of data sources. Category management has been the only credible procurement strategy since the late 1990s, and that may be about to change.

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

Supply Chain Game Changer

MAY 26, 2020

Subscribe to Supply Chain Game Changer. Cost reduction, terms negotiation, securing supply, handling quality and delivery issues and responding rapidly and professionally are all the purview of Procurement. Business Process development, deployment, optimization and advancement also fall within the wheelhouse of Procurement.

Procurement 105

Procurement Purchase orders Supply Chain Optimization Ethics 105

Solvoyo

JUNE 9, 2020

Increasing competition by online marketplaces, along with evolving consumer expectations and shopping patterns are making the category management decisions more complex. Category management and merchandise planning are at the core of retailing. As customers’ options increase, so do their expectations. 2) Early detection.

Category management 52

Category management Supply Chain Optimization Agile and Lean Supply Chain Supply Chain Analytics 52

Jaggaer

OCTOBER 3, 2024

It starts with spend analysis to provide a detailed cost breakdown, providing the information for competitive tendering via auctions using our Sourcing and Advanced Sourcing Optimizer modules, and aggregating spend where it makes sense for better leverage in negotiations. First, organizations need to get full supply chain visibility.

Supply Chain Optimization 52

Supply Chain Optimization Agile and Lean Supply Chain Supply Chain Efficiency Contract 52