article thumbnail

The Big Interview with Lorna Baker

Procurement Heads

Procurement at Futures involves negotiating and renegotiating contracts for all goods, works and services. We’re responsible for the supplier management and then supporting the business in contract management as well. We’re a point of escalation, for dealing with issues and supporting through the exit of contracts.

article thumbnail

How is technology transforming global sourcing ?

Claritum

However, you could also face many challenges when globally sourcing across geopolitical boundaries. Your business could struggle to achieve visibility of its global supply chain. Without good visibility, maximising the benefits from global sourcing is impossible, as it is impossible to track exactly how much is being spent.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Top 20 Skills Procurement Pros Need to Master

World of Procurement blog

Contract Management : Navigating, drafting, and managing contracts with vendors. Project Management : Leading procurement projects from inception to completion. Category Management : Managing product or service categories as strategic business units.

Ethics 52
article thumbnail

Top 20 Skills Procurement Pros Need to Master

World of Procurement blog

Contract Management : Navigating, drafting, and managing contracts with vendors. Project Management : Leading procurement projects from inception to completion. Category Management : Managing product or service categories as strategic business units.

Ethics 52
article thumbnail

Cars on Demand: Production to Order is Changing the Automotive Industry’s Supply Chain

Arkestro

S2P stands for Source to Pay , a broader term that includes all activities from sourcing suppliers to making payments, encompassing strategic sourcing, contract management, purchasing, and payment processes. Next time we’ll go into details and differences of even more terms like Intake-to-Pay and Order-to-Cash.

article thumbnail

A Gameplan for Procurement Transformation

NLPA (Next Level Purchasing Association)

Automation increases efficiency and reduces errors, leading to faster and more accurate procurement cycles. This results in better negotiation outcomes, improved quality, reduced costs, and enhanced overall value delivery.

article thumbnail

4 strategic sourcing use cases to strengthen your supply chain

IBM Supply Chain Blog

Near-sourcing, in addition to lowering emissions, also cuts transportation costs and delivery times. And global sourcing provides businesses with access to less expensive resources in low-cost regions.