Procurement Tactics

MARCH 16, 2023

Supplier Management Supplier management involves the handling of relationships between suppliers and the company. Contract Management Contract management is an important part of strategic procurement as it lays out the foundation of the relationship between the supplier and the business.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

ivalua

JANUARY 29, 2020

Now there is a time and a place for price negotiation of course, but if you are an organisation where speed, innovation and agility is really important, key suppliers who play essential roles need to be handled differently. .

Collaboration 164

Collaboration Innovation Agile and Lean Supply Chain Procurement 164

IBM Supply Chain Blog

APRIL 4, 2024

Also, BPM provides real-time insights into compliance metrics and risk exposure, enabling proactive risk management and regulatory reporting. Standardized workflows can be created that guide contracts through each stage of the lifecycle. Real-time visibility into contract status improves overall contract management.

Real-time Visibility 54

Real-time Visibility Management e2e Supply Chain Efficiency 54

Empowering CPO

JULY 2, 2023

These include strategic sourcing to find cost-effective suppliers, negotiation of favorable contract terms, implementation of efficient procurement processes, and management of supplier relationships to ensure quality and avoid potential disruptions.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

World of Procurement blog

MAY 8, 2024

Key technologies changing the game in procurement include: E-Procurement Systems E-procurement software provides a centralized platform to manage the entire procurement process online. Key procurement roles include: Procurement Manager - Leads team to develop strategies and manage processes.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Pipefy

JANUARY 5, 2023

Errors can cost companies directly if prices are entered incorrectly or discount deadlines are missed, or indirectly when mistakes have to be corrected. Manual tasks take up time that could be better spent on value-producing activities such as price negotiations or vendor relationship management. Supplier management.

Procurement 52

Procurement Procurement team supply chain software solutions e2e 52

Empowering CPO

JUNE 26, 2023

These compliance obligations impact procurement processes, contract management, and supplier selection, requiring meticulous attention to detail and documentation. Price and Cost Analysis: Analyze the prices paid for products or services to identify instances of overpayment or opportunities for price negotiation with suppliers.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Supplier consolidation 52