World of Procurement blog

APRIL 23, 2024

In the complex structure of modern businesses, the role of a procurement manager is pivotal for efficient operations and cost management. Who is a Procurement Manager? A procurement manager, also known as a purchasing manager, plays a vital role in a company's supply chain management.

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Supply Chain Game Changer

OCTOBER 28, 2021

Subscribe to Supply Chain Game Changer. Featuring Our 12 Best Procurement Articles! 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. Dirty Little Secret #1.

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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.

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Procurement Talk with David Byrne

APRIL 4, 2023

Andrew Smith’s career has taken him from huge roles in Royal Mail to international leadership with Avid … Continued The post The Avis Budget Experience that Proved the Power of Adaptability with Former General Manager/Managing Director, Andrew Smith – Episode 72 appeared first on Talent Drive.

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Procurement Heads

NOVEMBER 9, 2022

From then, seeking a new challenge, I moved to LV= to IT procurement a couple of years later and didn’t look back until earlier this year when I was presented with a great opportunity to head up the non-Claims Supplier Relationship Management (SRM) team here at Allianz Holdings, after first TUPE’ing across at the start of 2020.

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Supply Chain Game Changer

NOVEMBER 16, 2022

Subscribe to Supply Chain Game Changer. Why Procurement Transformation Can Fail! The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. The importance of digital procurement is increasing rapidly. Benefits of Procurement Automation.

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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. They also manage the organization’s supply base to ensure coordination and efficiency.

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Supply Chain Game Changer

JULY 14, 2021

Subscribe to Supply Chain Game Changer. Featuring Our 12 Best Procurement Articles! Procurement and Sustainability are your business’ Yin and Yang. Chief Procurement Officers’ priorities seem to be changing with the times in order to further implement initiatives necessary to meet broader organizational goals.

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Jaggaer

OCTOBER 24, 2024

Maximizing Cost Savings Through Strategic Supplier Collaboration With the growing emphasis on long-term value creation, Chief Procurement Officers are increasingly turning to supplier collaboration as a cornerstone of cost reduction.

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Zycus Cognitive Procurement

DECEMBER 16, 2022

Syed Shahrul Zaman , Head of Group Strategic Procurement. The forum served as a platform for Chief Procurement Officers (CPOs) and other procurement and sourcing leaders to share their vision about leveraging data-driven insights to create flexible and resilient supply chains. Cost Reduction.

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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. The Evolution of Procurement’s Value Proposition. Are we witnessing the dawn of a big shift in the way strategic procurement is done?

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Procurement Software

NOVEMBER 21, 2022

These help teams to manage the attribution of marketing efforts, plan their campaigns and content, and track marketing generated leads. This in turn enables them to manage their pipelines and forecast more accurately. These are usually not the household names with massive marketing budgets to sponsor glitzy conferences.

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Arkestro

MAY 9, 2023

Resources / Blog / What CPOs Need to Know About Predictive Procurement Orchestration What CPOs Need to Know About Predictive Procurement Orchestration The vast majority of Chief Procurement Officers (CPOs) believe in the power of procurement data to make better-informed decisions across their organization.

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Arkestro

JUNE 20, 2023

You may face challenges such as choosing reliable suppliers, controlling costs, and managing orders. Research-backed procurement strategies can help CFOs achieve their goals while minimizing risk exposure across global supply chains. With 36% of leaders prioritizing AI implementation in finance [1].

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Supply Chain Game Changer

JUNE 2, 2020

Subscribe to Supply Chain Game Changer. At Supply Chain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. As such we have introduced our “ Seasoned Leadership in Action ™” Interview series at Supply Chain Game Changer.

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Slimstock

MARCH 26, 2019

This might seem like a simple and obvious way to improve your procurement operations, but maintaining a positive supplier-buyer relationship is a vital component in ensuring good delivery, service, and quality. Procurement professionals have great analytical skills. Improve Inventory Insights.

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NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation. Consider these courses and resources from NLPA: 14 Procurement Best Practices Intelligent Procurement: How Can AI Expand Value?

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Procurement Software

JANUARY 30, 2024

Procurement & Supply Chain Live This event is a gathering of global procurement and supply chain professionals, organised by media company BizClik Media. Procurement & Supply Chain Live had a healthy mix of buy-side and sell-side folks. Buy-side Non-member: 3,295.00

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Procurement Software

JUNE 25, 2024

It’s about preemptive measures that avoid costs that would have been incurred in the absence of such actions. These can include negotiating contracts that prevent price increases or optimizing the supply chain to avoid rushed shipping fees. Will CPOs evolve into Chief Value Officers?

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The Procuretech Podcast

JUNE 28, 2022

In particular, Wolfgang says that he enjoys expanding the mandate for procurement for wider value generation, using technology. I ask Wolfgang about common mistakes in how organisations manage their procurement teams internally. Or is it more simple, that procurement just needs a bigger training budget?

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Empowering CPO

JUNE 20, 2023

But don’t be fooled by their size – when accumulated, these costs can form a substantial part of a company’s expenditure, and a large number of suppliers can add complexity and risk to the supply chain. Another misconception is that managing tail spend is more trouble than it’s worth.

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World of Procurement podcast

OCTOBER 11, 2021

I think there's a danger sometimes when you work in procurement, particularly when you're, when you've got pressure for you, from your CFO, from the budgeting perspective that you can fall back into a pattern of being a purchasing team, really focused on cost commodity buying, but you're right. 00:11 Tom Mills Thanks, Daniel.

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Pipefy

DECEMBER 18, 2023

In the 2024 State of Procurement Data Report by Amazon Business, 95% of decision-makers surveyed acknowledge that there’s room for procurement optimization. In 2023, our procurement predictions focused on five key areas: The growing emphasis on burnout prevention. A pivot towards simplifying complex data and process management.

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Barkers Procurement

JANUARY 7, 2025

In practice, this means that business leaders, including Chief Procurement Officers (CPOs), should gauge whether they are making a meaningful impact on their carbon footprint and net zero policies. First, CPOs can conduct in-depth surveys and interview their key stakeholders to understand how their supply chains are performing.

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