Procurement Tactics

OCTOBER 18, 2022

Supplier relationship management (SRM) is an approach that companies do to assess their suppliers that supply their goods, materials, and services. It determines each supplier’s contribution to the company’s success and creates new strategies to improve their performance. What is Supplier Relationship Management Software?

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

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

Jaggaer

FEBRUARY 5, 2025

Complete Source to Pay cycle and Strategic Sourcing Guide An optimized Source-to-Pay (S2P) process helps businesses enhance procurement efficiency, reduce costs, and improve supplier collaboration. It includes sourcing and supplier management, contract management, and procure-to-pay (P2P) functions.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Real-time Visibility 52

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

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). What is the Cost Performance Index (CPI)? A CPI of 0.83

supply chain budgeting 52

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

Procurement Tactics

JUNE 28, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Budget and Cost Control Procurement expenditures, monitoring variations in the cost and identifying opportunities for savings, and avoiding unnecessary costs shall be monitored in accordance with the approved budget.

Supply Chain Efficiency 178

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

SCMDOJO

SEPTEMBER 24, 2024

Make vs Buy Analysis is an essential decision-making tool in supply chain management that significantly influences profitability, flexibility, and competitiveness. It helps businesses decide whether to produce goods internally (make) or source them externally (buy), weighing costs, quality, scalability, and capacity.

Supply Chain Efficiency 98

Supply Chain Efficiency supply chain budgeting Supply chain management Supply chain management 98

Procurement Tactics

JULY 2, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Budget Control When it comes to maintaining budgetary control throughout the entire procurement process, job orders are crucial. A clear budget 4. Procurement Strategy Course Take the lead with our proven 5-step procurement strategy 3.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

Procurement Express

DECEMBER 31, 2024

Procurement managers are pros when it comes to negotiating deals down to the penny, working closely with suppliers to secure terms that place them at a strategic advantage. However, these strategies often only account for direct procurement or the purchases associated with the products a company sells. The list goes on.

Spend management 40

Spend management Strategy Management supply chain budgeting 40

Skill Dynamics

JULY 19, 2024

Let’s take a look at how you can develop and implement your procurement strategy roadmap from start to finish and address key challenges you may face along the way, as well as save costs and mitigate risk. While this is a welcome shift in global procurement strategy, it’s forcing companies to adapt their procurement strategy roadmaps.

Procurement strategies 90

Procurement strategies Strategy Procurement supply chain budgeting 90

Let's Talk Supply Chain

SEPTEMBER 7, 2022

And today in episode four, we’ll be turning our attention to Sifted’s Contract Management Suite. IN THIS EPISODE WE DISCUSS: [01.43] Some of the big challenges around contract management in the current climate. It’s about providing visibility… You need to be looking at your contracts.

Contract 97

Contract supply chain budgeting Contract management Supply Chain Optimization 97

Let's Talk Supply Chain

MARCH 5, 2025

Leveraging Reveels unique position in parcel spend management within the Supply Chain/Logistics ecosystem, Marc collaborates with adjacent solutions to provide comprehensive offerings for high-volume shippers. His experience spans strategy development and building partnerships across multiple sectors.

supply chain software solutions 52

supply chain software solutions Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 52

Procurement Templates

JUNE 18, 2023

Money buys less than before How should procurement manage inflation? ChatGPT Procurement departments can take several steps to manage inflation effectively. These mechanisms can be tied to inflation indices or specific cost drivers, allowing for adjustments in prices based on changes in inflation.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Procurement Insights

MARCH 16, 2025

Contextualized Spend Analysis & Cost Optimization AI models use MCP to remember previous spend categories, budget constraints, and organizational purchasing behavior. Improved Outcome: More accurate and personalized cost-reduction strategies , avoiding redundant spending.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

Procurement Templates

JUNE 18, 2023

Tim Cook has been instrumental in overseeing the company’s global supply chain and procurement operations. His expertise in managing complex supply networks has played a crucial role in Apple’s success. Attend workshops, seminars, and conferences related to procurement and supply chain management.

Leadership 147

Leadership Procurement Agile and Lean Supply Chain Supply Chain Efficiency 147

Planergy

MARCH 19, 2025

Managing these suppliers isnt just about making purchases; it ensures smooth operations, cost savings, and quality education. However, budget restrictions and transparency requirements present challenges. What is Supplier Management? Improved Focus: With fewer disruptions, educators can dedicate more energy to teaching.

Suppliers 52

Suppliers Management supply chain budgeting Supply Chain Efficiency 52

Planergy

FEBRUARY 24, 2025

Best Practices for Educational Procurement Challenges in Educational Procurement Technology Procurement Strategies Measuring Procurement Effectiveness Imagine procurement as the strategic heartbeat of educational institutionsa systematic process that transforms financial resources into tangible learning opportunities.

Procurement 52

Procurement supply chain budgeting Supply Chain Efficiency Budget 52

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. Maximizing Value Through Continuous Improvement The role of strategic sourcing doesnt end once the contracts are signed.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Efficiency Sourcing 52

SCMDOJO

FEBRUARY 5, 2025

Comprehensive Curriculum: MCIPS covers a broad spectrum of topics, from procurement principles and strategies to contract management, negotiation, and ethical considerations. Discover how SCMDOJO has helped businesses and individuals like yours achieve cost savings, increased efficiency, and improved supply chains.

Procurement 59

Procurement Real-time Visibility supply chain budgeting Supply Chain Optimization 59

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

MARCH 6, 2025

Harnessing Advanced Technologies & Proving Benefit Modern procurement systems must integrate advanced technologies to streamline processes and enhance decision-making: Artificial Intelligence (AI) and Machine Learning (ML): AI and ML are now indispensable for automating repetitive tasks, such as supplier evaluations and contract management.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement supply chain budgeting Sustainability 52

ivalua

FEBRUARY 27, 2023

How Inflation Impacts Procurement Inflation affects a number of aspects within the Manufacturing supply chain, including the ability to compete in the market, financial performance, and overall strategy. This ensures contracts remain favorable and all stakeholders comply with negotiated terms.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

Jaggaer

MARCH 19, 2025

We want to reduce costs. The second has become more pronounced in recent years, notably with the Covid pandemic and supply chain disruptions. Based on these strategy decisions you may then want to adjust supplier management , for example by phasing out some suppliers and introducing new ones.

Contract management 52

Contract management supply chain budgeting Sustainability Influencing 52

Pipefy

APRIL 22, 2025

If youre in procurement or supply chain, chances are youve wondered: How can I rethink this process, make smarter decisions, and still save time? Automation within the source-to-pay (S2P) cycle from sourcing to payment is redefining how businesses handle suppliers, contracts, quotes, and payments. Procurement automation.

Sourcing 52

Sourcing Real-time Visibility Procurement e2e 52

TYA Suite

OCTOBER 27, 2024

Using a procurement management system is one practical strategy to strengthen these connections. This comprehensive guide explores what procurement management software is, its key features, its role in vendor relations, its integration with business processes, and the benefits it offers.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

Procurement Insights

DECEMBER 6, 2024

This later became his one of the most famous strategies.” ProPurchaser ** ProPurchaser** operates in the procurement intelligence and cost management sector, providing tools and data to assist supply chain professionals in negotiations. COMPETITORS 1. As a result, Ever.Ag As a result, Ever.Ag

Supply Chain Efficiency 52

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

ivalua

NOVEMBER 29, 2022

And they’re not the only ones—other department heads are also increasingly budget-conscious, creating a new opportunity to partner with procurement for better budget management. The increase is directly correlated to the turbulent market caused by the pandemic, supply chain disruptions, and rapid inflation.

Risk 130

Risk Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 130

World of Procurement blog

JUNE 17, 2021

What is Contract Management? Contract Management is the process of managing all of your contracts. For this article, we’re going to focus on Contract Management related to your Supply Chain Contracts, or Procurement Contracts. Why do we need Contract Management?

Contract management 52

Contract management Contract Management Contract administration 52

ivalua

MARCH 9, 2023

Upstream covers all the strategic procurement activities such as spend analysis, sourcing, contract management and supplier management (which includes supplier information, risk and performance management). Contract Management: The piece that connects the upstream and the downstream, where value starts being captured.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

IBM Supply Chain Blog

FEBRUARY 13, 2024

In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

Una

APRIL 18, 2023

This will only make matters worse, as a supplier bankruptcy will disrupt your supply chain. Procurement risk-proofing during a recession Here are some strategies for minimizing risk and ensuring business continuity : Consolidate or diversify There are two schools of thought here.

Risk 98

Risk Procurement supply chain budgeting Supply Chain Optimization 98

NLPA (Next Level Purchasing Association)

DECEMBER 14, 2022

The root causes of these issues often stem from a clash of the following critical Supply Chain Variables: Poor Toxic Culture. Inability to execute good Business Strategies. The Next Level Purchasing Body of Knowledge underpins, integrates and enhances the essential components of Supply Chain Management in simple how-to-do steps.

Agile and Lean Supply Chain 52

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

NLPA (Next Level Purchasing Association)

FEBRUARY 14, 2024

A well-defined procurement strategy is the key to optimizing your procurement process. This strategy builds strategic partnerships, mitigates risks, and ensures a smooth flow of goods and services. This strategy unlocks benefits like cost reduction, risk management, and strong supplier relationships.

Procurement strategies 52

Procurement strategies Supply Chain Optimization Strategy Procurement 52

Arkestro

JULY 30, 2024

Resources / Blog / Cars on Demand: Production to Order is Changing the Automotive Industry’s Supply Chain Cars on Demand: Production to Order is Changing the Automotive Industry’s Supply Chain The automotive industry has always been at the forefront of implementing innovative production methods to meet consumer demands efficiently.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Demand 52

ivalua

MAY 15, 2022

They’re also ramping up usage in contract management. . There are interesting challenges within the AmRest business model at the supply chain level. In addition, their multiple brands, operations and locations create layers of variable changes within their procurement processes and overall strategy. .

e2e 130

e2e Procurement supply chain budgeting Purchasing 130

Procurement Heads

JUNE 6, 2023

Additionally, I am responsible for driving our technology initiatives, including e-tendering platforms, contract management, and ERP integrations. Furthermore, we are exploring how we can bring greater diversity and inclusion into our supply chain through EDI work. How is your team structured at Orbis?

Contract management 130

Contract management Contract Supply Chain Efficiency supply chain budgeting 130

Supply Chain Game Changer

OCTOBER 28, 2021

Subscribe to Supply Chain Game Changer. Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. Poor Data Quality, Scattered Tech Landscapes, Lacking Leadership Approval/Budgets.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89