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. Best Supplier Collaboration Software 1.

supply chain software solutions 130

supply chain software solutions Collaboration Suppliers Supply Chain Efficiency 130

ivalua

FEBRUARY 10, 2023

This could include negotiating more favorable terms with suppliers or renegotiating existing contracts to ensure that prices remain competitive. You can also use its eSourcing solution to create RFPs, receive bids from qualified suppliers, analyze supplier performance and manage contracts in one place.

Price 264

Price Strategy Sourcing Real-time Visibility 264

Skill Dynamics

FEBRUARY 11, 2025

Risks are guaranteed when dealing with a supply chain, but that doesnt mean you can afford to ignore them. Understanding and addressing any legal issues within your supply chain is vital to ensuring compliance with regulations and developing an effective chain that can operate efficiently and at scale.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply Chain Optimization Supply chain 52

Procurement Tactics

JUNE 28, 2023

Negotiation Course Learn from industry experts who negotiated billion $ deals 2. By the end of this article, you will have an idea of the importance of procurement tracking in your business and which procurement tracking software you would want to utilize.  Menu Course Library 1. What is Procurement Tracking?

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

ivalua

APRIL 6, 2021

A Guide to Contract Management Tools and Processes including a guide to the key steps of the Contract Lifecycle Management Process and to the benefits that using Contract Management software can bring to your Procurement processes. An Overview of Contract Lifecycle Management.

Contract 130

Contract Management Contract management e2e 130

Procurement Tactics

JULY 2, 2023

Negotiation Course Learn from industry experts who negotiated billion $ deals 2. There are various tools and software that provide a template to create a job order document. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2.  Menu Course Library 1.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

Procurement Tactics

JUNE 19, 2023

Traditionally, to take on a role in procurement, you need a Bachelor’s degree or master’s degree in a field such as purchasing management or supply chain management. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2.

Procurement 201

Procurement supply chain software solutions Procurement strategies Collaboration 201

Jaggaer

FEBRUARY 5, 2025

Since reverse auctions focus heavily on price competitiveness, this can be easily done with sourcing software tools. Furthermore, eSourcing software can help review the contract terms and conditions against a predefined checklist to ensure there are no red flags, like missing clauses, discrepancies, or unfavorable terms.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

Procurement Insights

DECEMBER 6, 2024

ProPurchaser ** ProPurchaser** operates in the procurement intelligence and cost management sector, providing tools and data to assist supply chain professionals in negotiations. COMPETITORS 1. Subsequently, in February 2022, Dairy.com, Ever.Ag, and EFC Systems merged to form a unified entity under the Ever.Ag

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions supply chain budgeting Supply Chain Optimization 52

Jaggaer

FEBRUARY 20, 2025

Everything You Need to Know End-to-end process and end-to-end solution may be one of the most overworked phrases in business and IT. The term refers to the entire journeyfrom finding suppliers and negotiating contracts to finalizing agreements and making the final payment for goods.

Sourcing 52

Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

SCMDOJO

FEBRUARY 26, 2025

Introduction As global supply chains evolve, ensuring cost efficiency is crucial. One way to assess the cost performance of any function within the supply chain is through Cost Performance Index (CPI). Below are some key areas where CPI can improve supply chain efficiency: 1. A CPI of 0.83

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Raw materials 52

Procurement Insights

JANUARY 3, 2025

Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

Procurement Templates

MARCH 7, 2024

Key components typically found in a procurement playbook include: Procurement policies and procedures: Clearly defined rules and regulations governing procurement processes, such as vendor selection criteria, bidding procedures, and contract management protocols.

Supply Chain Efficiency 130

Supply Chain Efficiency Procurement Ethics Contract management 130

Jaggaer

FEBRUARY 5, 2025

The process creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. In some categories it makes sense to conduct a competitive sourcing event, for example an online auction using eSourcing software.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Efficiency Sourcing 52

Procurement Heads

JANUARY 30, 2023

I am an IT Buyer and procure software and hardware. My role also involves ad-hoc IT renewals and managing this process. You’ve previously worked on the supply chain side of retail, how much of a shift was it to procuring IT for a leading infrastructure company? No, I fell into supply chain and procurement!

supply chain budgeting 130

supply chain budgeting supply chain software solutions Negotiation Real-time Visibility 130

SCMDOJO

APRIL 29, 2024

Are you interested in understanding how businesses effectively manage their supply chains? Look no further – this guide is here to help you grasp the fundamentals of supply chain management (SCM) and how it can lead to success.

Supply chain management 98

Supply chain management Supply chain management Agile and Lean Supply Chain supply chain budgeting 98

Procurement Templates

JUNE 18, 2023

ChatGPT Procurement departments can take several steps to manage inflation effectively. Here are some strategies and practices that can be implemented: Long-term contracts: Procurement teams can negotiate long-term contracts with suppliers that include price adjustment mechanisms.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Procurement Tactics

AUGUST 31, 2022

Want to take your negotiation results to the next level? A great e-invoicing software will have numerous levels of security measures to safeguard records and confidential information from hackers. . Using e-invoice software can minimize late payments. Features of E-Invoicing Software. Managing old invoices is difficult.

supply chain software solutions 130

supply chain software solutions supply chain budgeting Procurement Supply Chain Efficiency 130

Jaggaer

FEBRUARY 5, 2025

It is a process that creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. Implementation of new supply structure Track results and restart assessment This model has essentially stood the test of time.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

ivalua

MARCH 9, 2023

It starts with identifying the right suppliers for a need, sharing requirements and evaluating supplier offers, selecting the most appropriate supplier, negotiating terms and contracting with them to receive goods and/or services. Source-to-Pay is typically broken into two parts – upstream and downstream.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

SCMDOJO

AUGUST 21, 2023

Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supply chain!” In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. Discover the Top 10 TikTokers reshaping how you view supply chains.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 98

Jaggaer

FEBRUARY 5, 2025

The Power of Source-to-Pay Digital Transformation To put it briefly, source-to-pay refers to the entire process that starts with finding, negotiating with, and contracting the suppliers of materials, goods and services, and culminates in the final payment for those items. Make them feel in control.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

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? Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

Planergy

MARCH 19, 2025

Modern Spend Management and Accounts Payable software. Cost Efficiency: Thoughtful management helps schools meet financial goals by eliminating waste. Schools thrive when predictable and reliable supply chains foster a stable learning environment. What's PLANERGY?

Suppliers 52

Suppliers Management supply chain budgeting Supply Chain Efficiency 52

Procurement Software

APRIL 23, 2024

Spend analytics software would be the first tech investment I’d make in a greenfield Head of Procurement role. To do this quickly and efficiently, spend analytics software is your best friend. This usually justifies the business case to invest in spend analytics software to categorise this quickly and more easily.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Supply Chain Efficiency supply chain budgeting 52

Procurement Software

JUNE 13, 2023

There doesn’t seem to be a month go by without a new solution coming onto the market offering eSourcing software as part of their offering. Knowing which solution is suited to your business and level of procurement maturity is a minefield. Which eSourcing solutions are best suited to mid-market businesses?

supply chain software solutions 52

supply chain software solutions Contract management Contract Sourcing 52

ivalua

JANUARY 29, 2020

Retail and tech expert Greg Petro says that, “ while the supply chain moves at a snail’s pace, the consumer is moving at the speed of light… the “see now, buy now” economy is here to stay”. It requires appropriate inter-personal and behavioural skills, as well as traditional skills such as commercial understanding and negotiation.

Collaboration 164

Collaboration Innovation Agile and Lean Supply Chain Procurement 164

Jaggaer

APRIL 3, 2025

Inflationary pressures and price fluctuations caused by shortages and trade barriers call for capabilities such as cost modelling and scenario analysis in areas such as contract management. Soft skills: Negotiation, communication, and relationship management will remain critical skills in procurement.

Procurement 52

Procurement Supply Chain Efficiency Contract Real-time Visibility 52

Planergy

FEBRUARY 24, 2025

Modern Spend Management and Accounts Payable software. Think classroom supplies, laboratory equipment, educational software, and learning resources. It involves long-term planning, vendor relationship management, and aligning procurement decisions with institutional goals. What's PLANERGY?

Procurement 52

Procurement supply chain budgeting Supply Chain Efficiency Budget 52

SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. Sourcing plays a crucial role in building strong supplier relationships and achieving cost-effectiveness in the supply chain. Stocking: Stocking relates to the physical storage and management of inventory within a supply chain.

Procurement 105

Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 105

SCMDOJO

JULY 3, 2023

Procurement training equips you to excel in the corporate world by teaching you everything from supplier dynamics to negotiating strategies. Choose between a broad overview of procurement and a focused course that focuses on certain topics like strategic sourcing, contract management, or supplier relationship management.

Cost of ownership 98

Cost of ownership Procurement Category management supply chain software solutions 98

The Procuretech Podcast

MARCH 1, 2022

Kicking off this week with the first of a number of interviews we'll be doing over the next couple of months with contract management platforms. This is a rapidly expanding area and it's gone from simply being repositories and authorisation / signature software into becoming a very diverse ecosystem over the past few years.

Contract management 40

Contract management Contract Management supply chain software solutions 40

Procurement Tactics

AUGUST 24, 2022

Improved contract terms. Want to take your negotiation results to the next level? How to improve Supply Network? Contract management. This reduces contract violation that starts from miscommunication regarding the contract. . Supply networks may require significant internal training time. .

Networking 130

Networking Suppliers Buyers supply chain budgeting 130

Let's Talk Supply Chain

NOVEMBER 24, 2022

I’m joined by Cameron Clark, Product and Logistics Engineer at Sifted, to talk all about contract modeling; its role in providing internal visibility, as well as external carrier management; and empowering businesses to negotiate with confidence in a very challenging environment. Modelling is the first step.

supply chain software solutions 59

supply chain software solutions Negotiation Contract Contract management 59

SCMDOJO

NOVEMBER 2, 2023

Effective supply chain management is essential for success in the dynamism and connectivity of modern companies. To accomplish this, you require the skills of supply chain experts who can manage the complexity and difficulties of today’s global supply chains. With a Ph.D.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 59

Skill Dynamics

JULY 19, 2024

The Foundation of a Successful Procurement Strategy To put it simply, a procurement strategy is a plan that outlines how an organization optimizes its external spending, manages its various supplier relationships, and maintains streamlined internal processes to support cost-effectiveness and generate efficiency.

Procurement strategies 90

Procurement strategies Strategy Procurement supply chain budgeting 90

Procurement Insights

MARCH 23, 2025

The company likely has multiple facilities, a global supply chain, and sustainability priorities (e.g., million) Spend Estimate: ~$440 million (20% of indirect spend), for software, hardware, and telecom. Savings Potential: 10-20% by reducing external reliance or negotiating rates. 5% Facilities Management $7.5

Supplier consolidation 52

Supplier consolidation Supply Chain Optimization Logistics Strategic sourcing 52