Arkestro

MAY 28, 2024

Procurement requests are a critical component of strategic sourcing and purchasing initiatives for businesses. Understanding the role of these documents during each phase of the procure-to-pay or source-to-pay process is a key step in designing an optimal and autonomous sourcing workflow.

Competitive bidding 52

Competitive bidding Procurement Strategic sourcing Strategic sourcing 52

World of Procurement blog

APRIL 23, 2024

This can range from competitive bidding to direct negotiations. By understanding your needs, communicating effectively, making strategic sourcing decisions, and employing methodologies like agile procurement, you can achieve significant savings, efficiency, and a competitive edge.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

World of Procurement blog

APRIL 23, 2024

This can range from competitive bidding to direct negotiations. By understanding your needs, communicating effectively, making strategic sourcing decisions, and employing methodologies like agile procurement, you can achieve significant savings, efficiency, and a competitive edge.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Procurement Software

SEPTEMBER 26, 2023

Source-to-Contract is the end-to-end process which starts with performing due diligence on a supplier, and culminates in a contract being approved, signed and implemented. It is predominantly used for the strategic sourcing of critical goods and services from strategic suppliers. What is Source-to-Pay?

Sourcing 59

Sourcing Contract Competitive bidding Bidding 59

Una

NOVEMBER 29, 2023

Strategic sourcing Invest in strategic sourcing by thoroughly analyzing your organization’s procurement needs and identifying opportunities for cost savings, quality improvements, and risk mitigation. This may involve seeking out new suppliers, optimizing supplier portfolios, and conducting competitive bids.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supplier relationship management Strategic sourcing 52

Una

NOVEMBER 14, 2022

Then, in the 1960s, the practice of competitive bidding became commonplace giving rise to trained procurement professionals. By the 1980s, supplier competition allowed procurement organizations to focus on supplier quality and dependability. But then came COVID-19. ( Cue ominous music.)

Procurement 98

Procurement Agile and Lean Supply Chain Supply Chain Efficiency Procurement team 98

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. If the top line isn’t growing, you need to be laser focused on the bottom line. Email info@procurepro.ca

Procurement 51

Procurement supply chain budgeting Contract Competitive bidding 51

Arkestro

SEPTEMBER 29, 2023

Likewise, automotive company Holman Enterprises saw 7% savings in just one day of using predictive procurement software, and Bel Brands used strategic sourcing software to achieve a 10% cost savings on its final bid. Data-Driven Insights Advanced procurement software generates actionable insights from data analytics.

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement supply chain software solutions 52

Bonfire

MARCH 24, 2022

Whether through our Open Community Projects , Inside Public Procurement podcast , Strategic Sourcing blog , or virtual events and user meet-ups, we’re dedicated to building a community that promotes and celebrates excellence in public procurement. Driving impact with eProcurement.

Eprocurement 52

Eprocurement Competitive bidding Procurement team Procurement 52

Procurement Software

MARCH 7, 2023

The key difference is that S2P includes the important stage of strategic sourcing, which is performed before you. Industry jargon refers to sourcing and the negotiation of terms and conditions as the “upstream” part of the process. place orders for any goods and services from a vendor.

Sourcing 64

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

Procurement Software

MARCH 11, 2022

Direct materials that go into the production process are strategically sourced. Then, combine this with an e-sourcing platform such as DeepStream that suppliers, stakeholders and procurement teams alike all enjoy using. Implement a competitive bidding policy. 3) Vendors not actively managed.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

Direct materials that go into the production process are strategically sourced. Then, combine this with an e-sourcing platform such as DeepStream that suppliers, stakeholders and procurement teams alike all enjoy using. Implement a competitive bidding policy. 3) Vendors not actively managed.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Planergy

JULY 21, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Whether you work with a small business or enterprise-level partner, strategic sourcing is key because you want to keep stakeholders happy. How to gain visibility and control of your indirect spend.

Management 52

Management Procurement supply chain budgeting Budget 52

Planergy

AUGUST 8, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. By issuing RFPs, you can quickly receive competitive bids to ensure you receive the best goods and services at the most affordable price while meeting your specific requirements.

Sourcing 52

Sourcing Suppliers Procurement Bidding 52

Procurement Software

DECEMBER 5, 2022

The key difference is that S2P includes the important stage of strategic sourcing, which is performed before you. Industry jargon refers to sourcing and the negotiation of terms and conditions as the “upstream” part of the process. Competitive bidding, which optimises cost.

Sourcing 52

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

Empowering CPO

JULY 5, 2023

Introduction In the globalized and rapidly evolving business landscape of the 21st century, the strategic importance of procurement cannot be overstated. However, procurement can also be complex, time-consuming, and fraught with challenges.

Management 52

Management Procurement Real-time Visibility Ethics 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. But before we venture into the depths of innovation in this field, let’s first establish what procurement really is.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52