Procurement Tactics

JUNE 30, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter 10 Corporate Gift Suppliers in the US — Pricing and Quality Reviews Every company has its own tradition, practices, shared values, and goals. priced at $52.00 Caroo Best Sellers priced at $35.00

Quality 193

Quality Price Suppliers Negotiation 193

Jaggaer

OCTOBER 24, 2024

Building Stronger Relationship s : Effective Approaches to Multi-Tier Supplier Collaboration A chain is only as strong as its weakest link—but what if you can’t evaluate the entire chain? Collaboration brings visibility and agility for gaining market share.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

Procurement Tactics

JUNE 7, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Supplier Collaboration Software — What You Should Know The use of supplier collaboration software continues to rise as businesses grow and technology advances. However, what is it?

supply chain software solutions 130

supply chain software solutions Collaboration Suppliers Supply Chain Efficiency 130

Procurement Tactics

JANUARY 11, 2023

Price Negotiation — The Ultimate Guide. Price negotiation allows buyers and sellers to get the price that they want when discussing future work, projects, or collaboration. However, how do you negotiate prices effectively? In this article, we will define what price negotiation is. How to Negotiate Price?

Price negotiations 130

Price negotiations Negotiation Price Buyers 130

ivalua

JUNE 10, 2021

After a close collaboration with Amazon Business over the last year, it is exciting to officially announce the next phase of our collaboration, truly integrated search between Ivalua and the Amazon Business marketplace. With real-time pricing and inventory information to ensure that the items selected are available.

Collaboration 130

Collaboration Real-time Visibility Eprocurement Spend management 130

ivalua

JUNE 10, 2021

After a close collaboration with Amazon Business over the last year, it is exciting to officially announce the next phase of our collaboration, truly integrated search between Ivalua and the Amazon Business marketplace. With real-time pricing and inventory information to ensure that the items selected are available.

Collaboration 130

Collaboration Real-time Visibility Eprocurement Spend management 130

Procurement Leaders

NOVEMBER 25, 2024

One of the keys to the success of the transformation was that it had a clear purpose and was fully aligned with the organisation’s need to pivot following the impact of Covid, and subsequent earnings and share price underperformance. Safe to say, the CPO in question had a (burning) platform for change.

Leadership 130

Leadership Procurement Collaboration Price 130

Procurement Templates

NOVEMBER 21, 2024

Negotiation Skills Actionable Steps: Prepare Thoroughly: Research suppliers’ market position and pricing strategies before negotiations. Consult Legal Teams: Collaborate with in-house legal experts to draft and review procurement contracts. SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g.,

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization supply chain software solutions 130

ivalua

JULY 11, 2022

The release includes a broad set of innovations to empower Procurement and Supply Chain leaders to improve collaboration among internal stakeholders and suppliers, proactively mitigate supplier risk and performance issues, gain efficiency and visibility in contracting and improve guidance and effectiveness across procure-to-pay. . ivalua.com.

Supply chain resilience 130

Supply chain resilience Collaboration Supply Chain Efficiency supply chain budgeting 130

Supply Chain Trend

OCTOBER 20, 2022

Where your IBP process focuses on the longer-term plan at aggregated level, say 4-24 months at category level, the S&OE horizon focuses on short term demand & supply imbalances, price changes, or other deviation against the plan. I call them routine collaborative decisions. Some examples: A material is short.

Collaboration 109

Collaboration Inventory Agile and Lean Supply Chain Price 109

Spend Matters

OCTOBER 31, 2024

Because True ValueHub is collaborative in a way most costing solutions are not, the solution can support discussions and negotiations between buyers and suppliers based on facts, which is a condition for capturing more value for both sides. As mentioned above, it has distinct capabilities (e.g.,

Buyers 114

Buyers Raw materials Networking Suppliers 114

SCMDOJO

JANUARY 9, 2025

Key Benefits of Strategic Sourcing Building Long-Term Supplier Partnerships Strategic sourcing focuses on identifying and collaborating with suppliers who align with a companys long-term goals. By engaging in rigorous supplier selection and negotiation, companies can secure better pricing and ensure higher quality standards.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Procurement 98

Spend Matters

DECEMBER 11, 2024

To manage tariffs effectively, companies must align their tariff strategies with their broader business goals, including product design, pricing, supply chain resilience and sustainability objectives. Tariffs essentially taxes imposed on imports and exports directly impact product cost structures.

Supply Chain Optimization 110

Supply Chain Optimization Management Supply chain resilience Supply Chain Efficiency 110

SCMDOJO

MARCH 14, 2025

Financial Evaluation For the bids that qualified the technical evaluation, proceed with the financial evaluation and process the submissions as per the evaluation criteria Key Activities: Price Analysis Compare total costs, unit rates, taxes, warranties, and payment terms. lowest price = highest score) to rank commercial offers.

Bidding 59

Bidding Contract Contract management Price 59

Procurement Templates

DECEMBER 11, 2024

Having good relationships with our suppliers means that they are also willing to work with procurement collaboratively, after all a win win situation should benefit both parties. Stakeholder Management Objectives Engagement and Collaboration: Foster strong relationships with internal stakeholders (e.g., Wait, what about stakeholders?

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

SCMDOJO

NOVEMBER 12, 2024

Watch videos on SCMDOJO’s YouTube channel to learn more about its products, pricing, and features! Moreover, the higher the prices, the smaller the community. SCMDOJO For SCMDOJO, however, the courses offered are priced more or less at standard rates, at $49/per course. Click here!

Supply chain 98

Supply chain Supply chain management Supply chain management Supply 98

ivalua

MARCH 18, 2021

The Strategic Sourcing modules of Ivalua allow Punch Powertrain buyers to define Purchasing needs collaboratively, consolidate the tendering documents and ease costing by suppliers (cost breakdown files, dialogue with the projects on technical feasibility).

Strategic sourcing 246

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 246

Spend Matters

OCTOBER 31, 2024

Today please get to know True ValueHub From our recent analyst-written Vendor Analysis : Here’s why True ValueHub matters: To the market — True ValueHub offers deep parts analysis (price/cost-focused) for direct materials using AI and deep supplier insights. What is the road ahead for True ValueHub? “We

Real-time Visibility 120

Real-time Visibility Supply Chain Efficiency Buyers Supply Chain Optimization 120

ivalua

DECEMBER 5, 2019

However, all too often supplier relationships become transactional, where the primary focus is to cut supplier prices. To overcome these challenges, organisations need to invest in supplier collaboration and take a smarter approach to procurement so they can better-identify opportunities to collaborate.

Innovation 170

Innovation Suppliers Procurement Collaboration 170

Spend Matters

MARCH 25, 2025

Flexible pricing models, including pay-as-you-go, subscription-based and custom enterprise agreements. Expanding vendor collaboration: AWS Partner Connections will strengthen partnerships between software vendors and enterprise buyers.

Procurement solutions 93

Procurement solutions Procurement Purchase orders Data 93

Procurement Tactics

JULY 4, 2023

It is a powerful tool that helps procurement and supply chain professionals to evaluate and negotiate pricing with suppliers effectively and favorably and achieve cost savings. It enables organizations to effectively negotiate and collaborate with suppliers. 2.5% -1.2% 1.8% -0.7% 2.5% -1.2% 1.8% -0.7%

Raw materials 209

Raw materials supply chain software solutions supply chain budgeting Price 209

Procurement Insights

NOVEMBER 28, 2024

The two immediate thoughts that came to my mind – and the reason I am attending were: Can great tech overcome poor communication and collaboration within a company? Turning a black diamond slope green A Case In Point “Like 99% of the time it’s, I raised the price because my labor’s up.

Negotiation 52

Negotiation Procurement Supply Chain Efficiency Price 52

All Things Supply Chain

JULY 11, 2022

We’ve seen supply chain shortages, supply chain recoveries, skyrocketing prices and much more. So far, 2022 has come with many ups and downs, with uncertainty remaining certain. I’m going to…

Supply chain 246

Supply chain Supply Price Export 246

SCMDOJO

FEBRUARY 15, 2025

Improve collaboration between suppliers, manufacturers, and logistics partners. This approach enhances supply chain flexibility and improves negotiation power, which allows businesses to secure better prices and delivery terms. Use Tools for Supply Chain Collaboration Slack or Microsoft Teams for real-time communication.

Project management 91

Project management Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 91

Procurement Insights

NOVEMBER 26, 2024

We should all be prepared when suppliers cite these cost increases to justify higher prices for the products they sell us. Preparation includes detecting supplier “Margin Creep” (Silent Slopes) – the common practice of raising prices more than required to cover their cost increases.” According to research, the 2024 U.S. .”

Raw materials 52

Raw materials Price Negotiation Suppliers 52

Let's Talk Supply Chain

MARCH 24, 2025

Key players in the electronics supply chain are facing unprecedented challenges, including: Volatility in Pricing: Fluctuations in tariffs and trade policies are impacting the cost of components and raw materials.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Demand 52

ivalua

APRIL 23, 2020

The overall theme is the “Journey to Procurement Excellence”, focusing on how Procurement can deliver value through supplier collaboration, supplier risk management and more advanced strategies and capabilities to deal with Procurement and supply chain management risks and challenges – while not forgetting cost and operational perspectives.

supply chain software solutions 46

supply chain software solutions Supply chain Procurement Supply 46

ivalua

MAY 9, 2023

In light of existing rules, vendors can deter competition by driving prices down in competitive tenders. However, this strategy may lead to a lack of options and price volatility within the market.

Procurement 246

Procurement Strategy Strategic sourcing Strategic sourcing 246

Jaggaer

FEBRUARY 5, 2025

When assessing bids following an eAuction, the process typically involves a combination of automated tools and human decision-making, especially when evaluating factors beyond just price. Since reverse auctions focus heavily on price competitiveness, this can be easily done with sourcing software tools.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

Procurement Templates

JUNE 18, 2023

ChatGPT Inflation refers to the general increase in prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. When consumers have more money to spend, they compete for limited goods, driving prices up. What is inflation?

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Spend Matters

NOVEMBER 19, 2024

A collaborative and positive mindset, one that expects and embraces problems as a part of doing business, helps remove destructive internal disputes on where the fault lies. “And we must remember that one cannot escape supply chain risks. Due to the external-facing nature of risk, leadership must recognize that there will always be problems.

Risk 111

Risk Strategy Agile and Lean Supply Chain Supply Chain Optimization 111

ProcurePort

AUGUST 24, 2022

• Supplier quality management is the proactive and often collaborative approach to ensure that a supplier delivers goods and services of the highest quality. These include the timeliness of delivery, quantities, and price. The Process The […].

Quality management 130

Quality management Quality Suppliers Management 130

Procurement Tactics

MARCH 26, 2023

Open tendering, also known as competitive bidding, is a process aimed to purchase goods or services at the lowest possible price. Open Tenders As we said earlier, open tender is a common type of tender that aims to purchase goods or services at the lowest possible price. So without further ado, let us now start!

Bidding 197

Bidding Suppliers Competitive bidding Price 197

ivalua

JANUARY 13, 2021

– Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels. – Enhanced collaboration as the software allows Procurement, stakeholders and suppliers to exchange information quickly, but also to work jointly on certain item.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Budget 235

SCMDOJO

DECEMBER 29, 2024

The courses are often developed in collaboration with renowned universities and industry experts, ensuring high-quality content and academic rigor. Watch videos on SCMDOJOs YouTube channel to learn more about its products, pricing, and features! Future Learn offers only five supply chain courses, with prices ranging from $19.9

supply chain budgeting 98

supply chain budgeting Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency 98

Procurement Leaders

MARCH 24, 2025

Through sourcing aggregation, optimisation and the collective buying power of our members, we maximise savings, achieve bottom-line KPIs, improve working capital and improve service levels with positive collaboration from our supplier base, the organisations website reads. Are you doing enough to drive additional value?

Collaboration 130

Collaboration Innovation Suppliers Procurement 130

SCMDOJO

MARCH 12, 2025

This can be accomplished by utilizing a business needs pyramid, prioritizing essential requirements like quality, cost, and delivery (QCD) while also considering supplier incentives such as new business opportunities and ease of collaboration. Enhances Flexibility: Allows supply chain managers to adapt to market fluctuations and disruptions.

Negotiation 52

Negotiation Supply Chain Efficiency Supply chain Strategy 52