World of Procurement blog

MAY 8, 2024

Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. Enhances competitiveness through world-class procurement capabilities and practices. Enables adherence to policies and regulations through ethical, sustainable, and compliant practices. Purchasing's value-add is more limited.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Una

NOVEMBER 29, 2023

This may involve seeking out new suppliers, optimizing supplier portfolios, and conducting competitive bids. Sustainability and compliance Develop a sustainable procurement strategy and allocate resources to ensure that your procurement activities align with sustainability goals and industry regulations.

Supply Chain Efficiency 52

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

Supply Chain Game Changer

NOVEMBER 24, 2018

Practical, Applicable, Sustainable Solutions! Practical, Applicable, Sustainable Solutions! 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. Email info@procurepro.ca

Procurement 51

Procurement supply chain budgeting Contract Competitive bidding 51

Empowering CPO

MAY 4, 2023

With the growing emphasis on sustainability, ethical sourcing, and digital transformation, procurement is no longer just about cost reduction; it’s an essential function that can provide a strategic advantage to modern businesses. Prioritize Sustainability and Ethical Sourcing A.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Zycus Cognitive Procurement

JULY 6, 2022

They don’t want to use well-defined competitive bidding or auction processes. This requires strong support from top management and building the hard and soft capabilities needed for the organization to reach and sustain its full potential. . Enabling beyond the tools. Effective governance structure to ensure success .

Category management 52

Category management Competitive bidding Raw materials Eprocurement 52

Claritum

OCTOBER 30, 2017

It’s not uncommon for the process of specifying, bidding and buying to take several days to complete and involve many stakeholders, even though it’s a low value order. Our experience at Claritum is that businesses that automate their buying processes can achieve significant, measureable and sustainable process efficiencies.

Buying process 32

Buying process Bidding Buyers Competitive bidding 32

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. For one, they often focus too heavily on price at the expense of other factors, such as quality, sustainability, and supplier innovation.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

TYA Suite

JULY 17, 2024

Procurement strategy is the cornerstone for sustained growth when negotiating the complexity of today's corporate environments. 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

Procurement Software

MARCH 11, 2022

Sustainability initiatives within the supply chain. Competitive bidding for €10k worth of one-time spend. Typically, the value that a procurement professional contributes to a business can usually be measured either in: Hard cost savings, or; Other, less tangible but equally important forms of value: Cost avoidance.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Empowering CPO

JULY 5, 2023

Procurement, which refers to the process of finding, acquiring, and buying goods, services, or works from an external source, often via a tendering or competitive bidding process, plays a critical role in determining a company’s efficiency and profitability. Are there opportunities for sustainability initiatives?

Management 52

Management Procurement Real-time Visibility Ethics 52

Claritum

NOVEMBER 16, 2018

With Procurement behind the drive for sustainable/ethical supply of goods and services to efficiently and effectively support the operations of the organisation. Ensuring that policies are adhered to and that there is appropriate supplier selection (strategic suppliers, approved suppliers and competitive bids for example.).

Procurement 69

Procurement Procurement team Supply Chain Efficiency Purchasing 69

Procurement Software

MARCH 7, 2023

It enables: Building stronger relationships with your key suppliers Competitive bidding, which optimises cost Evaluating non-price factors important to your organisational objectives e.g. quality, lead time, sustainability Performing the appropriate pre-qualification of suppliers.

Sourcing 64

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

Procurement Software

MARCH 11, 2022

Sustainability initiatives within the supply chain. Competitive bidding for €10k worth of one-time spend. Typically, the value that a procurement professional contributes to a business can usually be measured either in: Hard cost savings, or; Other, less tangible but equally important forms of value: Cost avoidance.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

Procurement Software

APRIL 18, 2023

Use results to sustain acceleration Obtaining data and learning from those results to make iterative changes is vital. If you have many suppliers very close together on initial price, you can show them where they rank and what the lead bid is. This encourages competitive bidding.

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

Procurement Software

DECEMBER 5, 2022

Competitive bidding, which optimises cost. Evaluating non-price factors important to your organisational objectives e.g. quality, lead time, sustainability. Industry jargon refers to sourcing and the negotiation of terms and conditions as the “upstream” part of the process.

Sourcing 52

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

Una

OCTOBER 9, 2023

This involves, for example, running competitive bids, e-procurement, issuing purchase orders, and overseeing invoicing and payments. Cutting costs is important, yes, but strategic sourcing aims to create value by considering factors beyond cost like quality, innovation, and sustainability.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Claritum

AUGUST 4, 2020

Procurement behind the drive for sustainable/ethical supply of goods and services to efficiently and effectively support the operations of the. strategic suppliers, approved suppliers and competitive bids for. you are missing significant and sustainable impact on your P&L. organisation. Ensuring that policies.

Procurement 41

Procurement Procurement team Supply Chain Efficiency Purchasing 41

TYA Suite

NOVEMBER 25, 2024

By taking a broader view, this approach leads to better purchasing decisions that support sustained growth and minimize future costs associated with poor quality or service disruptions. By focusing on sustainability, they work with suppliers committed to eco-friendly practices, enhancing their brand image and meeting consumer expectations.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 40

Claritum

OCTOBER 12, 2018

sourcing at competitive prices all goods and services. driving the company strategy in context of sustainable/ethical supply of goods and services to efficiently and effectively support the operations of the organisation. goods arriving on time and to specification. invoices matching orders. inventory reflecting business demand.

Procurement 47

Procurement Eprocurement Category management Purchasing 47

Supply Chain Collaborator

AUGUST 3, 2018

But, the additional burden of tariffs, rising fuel costs, unprecedented capacity constraints and other factors make the current transportation environment hard to sustain. The current glut in the almond market and its depressive effect on prices would have been painful enough for almond growers to endure.

Dwell Time 87

Dwell Time Real-time Visibility Competitive bidding Bidding 87