Planergy

JULY 21, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. In this article, we will discuss services procurement, how it works, and how to manage it best. It involves procuring services from outside sources and managing the relationship with supplier or service provider.

Management 52

Management Procurement supply chain budgeting Budget 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

World of Procurement blog

MAY 8, 2024

It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. Purchasing is more transactional and tactical.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Supply Chain Game Changer

NOVEMBER 24, 2018

Those same companies, out of necessity, became more sophisticated and implemented Strategic Sourcing and Category Management, delivering substantial savings to their companies bottom line and even help capture innovation. So, what can these small and medium sized business’s do without breaking the budget? So why should you care?

Procurement 51

Procurement supply chain budgeting Contract Competitive bidding 51

Planergy

AUGUST 8, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. When signing on a new supply customer, you must consider more than just a good-sounding product and price. Open tendering encourages effective competition to obtain goods, emphasizing value for money.

Sourcing 52

Sourcing Suppliers Procurement Bidding 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 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

Procurement Software

MARCH 7, 2023

Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. This reflects the increasing digitisation trend in procurement to manage both operational and strategic processes more effectively. Improvements to end-to-end supply chain efficiency.

Sourcing 64

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 64

TYA Suite

JULY 17, 2024

A procurement strategy is a comprehensive plan designed to streamline and manage the process of acquiring goods and services an organization needs to operate efficiently. Relies on manual processes for sourcing, negotiation, and Focuses on cost reduction through competitive bidding and bulk purchasing.

Procurement strategies 40

Procurement strategies Strategy Supply Chain Efficiency Procurement 40

TYA Suite

NOVEMBER 25, 2024

The focus is on long-term partnerships, making relationship management key. This approach can lead to poor choices that may impact product quality and supply chain stability. This can lead to significant problems, such as receiving low-quality products, experiencing delays in delivery, or facing supply chain disruptions.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 40

Una

OCTOBER 9, 2023

DOWNLOAD PLAYBOOK Table of Contents Introduction In procurement and supply chain, staying ahead of the game is not just a goal – it’s a necessity. It considers the total cost over the product or service's entire life cycle, including maintenance, warranties, and potential hidden expenses.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Empowering CPO

JUNE 14, 2023

At its core, procurement is the process of finding, agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. These technologies enable better supplier evaluation, improved contract management, predictive analytics, and enhanced transparency.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Procurement Software

DECEMBER 5, 2022

Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. This reflects the increasing digitisation trend in procurement to manage both operational and strategic processes more effectively. Competitive bidding, which optimises cost.

Sourcing 52

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 52

Claritum

SEPTEMBER 27, 2018

The NfP also has a greater focus on adding social value to a supply chain. The financial factors we will include in this section relate to the different organisations approach to budgets and spend. Then, when we look at spend in the NfP sector, typically the emphasis is on maximising use of minimum budget: spending money wisely.

Supply Chain Efficiency 36

Supply Chain Efficiency supply chain budgeting Procurement Ethics 36

Empowering CPO

MAY 4, 2023

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. Supplier management systems: Tools that help track, evaluate, and manage supplier relationships and performance.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Supply Chain Collaborator

AUGUST 3, 2018

As if you needed another reason to embrace the cost-saving, capacity-finding, efficiency-boosting, customer-pleasing benefits yielded by the use of a well-designed and deployed TMS platform – the Trump Trade War and associated tariffs add another unexpected cost to already-squeezed transportation budgets.

Dwell Time 87

Dwell Time Real-time Visibility Competitive bidding Bidding 87