SCMDOJO

OCTOBER 30, 2024

By engaging in these simulated environments, students gain practical experience in decision-making, strategic planning, and crisis management. For example, a simulation might require learners to adjust their supply chain strategy in response to a sudden increase in demand or a disruption in a key supplier’s operations.

supply chain budgeting 97

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 97

Procurement Heads

DECEMBER 5, 2022

I am the Commercial and Transformation Director, so I oversee procurement, contract management, and commercial activity and am working to support my colleagues in developing their operation model. How will the Head of Procurement enable Orbit to achieve its strategic goals? Clearly being very strong on public contracting rules is key.

Contract management 130

Contract management Contract Stakeholder engagement Procurement 130

Spend Matters

SEPTEMBER 24, 2024

Blair Romain, Senior Manager, Content Marketing at Arkestro The essence of competitive outcomes in Procurement — Procurement is a critical function that requires strategic planning to ensure the best value for the organization. Below, we highlight key insights from their exchange.

Strategy 114

Strategy Procurement Strategic planning Suppliers 114

Planergy

MARCH 19, 2025

Contract Management A well-structured contract clearly defines both parties’ roles, responsibilities, terms, and deliverables. Setting clear expectations with contracts allows you to avoid misunderstandings about product specifications, delivery timelines, and payment terms.

Suppliers 52

Suppliers Management supply chain budgeting Supply Chain Efficiency 52

ivalua

JANUARY 12, 2023

For example, adequately enabling item catalogs and service contracts allows individuals to take advantage of existing commercial relationships driving value and efficiency. For example, having access to data analyses such as spend under contract can expose significant insights. Adopting Automation .

Strategy 130

Strategy Real-time Visibility Procurement Procurement team 130

Procurement Templates

NOVEMBER 11, 2022

Procurement Policy Note – Taking Account of Carbon Reduction Plans in the procurement of major government contracts Action Note PPN 06/21 05/06/2021 Issue. This Procurement Policy Note (PPN) sets out how to take account of suppliers’ Net Zero Carbon Reduction Plans in the procurement of major Government contracts.

Procurement 130

Procurement Bidding Contract Suppliers 130

Procurement Tactics

JULY 14, 2022

These include strategic planning, supplier collaboration, implementing best practices , strategic sourcing , and negotiation. . A procurement service provider can provide e-procurement hosting, management services, vendor management, supplier risk assessment, and writing contracts. .

Procurement 130

Procurement Supply Chain Efficiency Negotiation Strategic planning 130

Una

MARCH 6, 2023

Procurement process automation can involve anything from automated supplier discovery, risk monitoring, payment processing, spend analytics , and contract approval. The exciting part is that automation frees up your team for big-picture projects, supplier relationship management, strategic planning, and continuous improvement.

Purchasing 98

Purchasing Innovation Agile and Lean Supply Chain Supplier relationship management 98

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 Heads

OCTOBER 20, 2022

A contracted interview process filled with uncertainty can show candidates your business isn’t able to make decisions. If ED&I is high on your company’s strategic plan, make sure this is embedded in your hiring process too. Commit to clear timescales and what good looks like .

Procurement team 147

Procurement team Procurement Chief Procurement Officer Market knowledge 147

IBM Supply Chain Blog

FEBRUARY 28, 2024

For example, blockchain-backed contract management, when combined with automation, creates efficiencies and offers a high level of security. Then, when a predetermined condition is met and verified—such as releasing funds—the contract is executed immediately.

Sourcing 94

Sourcing Strategy Supply Chain Efficiency e2e 94

Planergy

FEBRUARY 24, 2025

It involves long-term planning, vendor relationship management, and aligning procurement decisions with institutional goals. Educational leaders use strategic procurement to negotiate favorable contracts, explore innovative solutions, and drive institutional efficiency.

Procurement 52

Procurement supply chain budgeting Supply Chain Efficiency Budget 52

Shapiro Negotiations Institute

OCTOBER 1, 2024

Whether you’re chasing that record-breaking sale or hunting for the perfect supplier, your contract negotiation skills are about to be put to the test. With the right approach, contract negotiation can actually be exciting. Always start with your own contract as the baseline. What is Contract Negotiation?

Negotiation 40

Negotiation Contract Raw materials Suppliers 40

Procurement Leaders

MARCH 6, 2023

Procurement Leaders’ Strategic Planning Guide 2023 found that, for the first time ever, cost was not considered to be the function’s most important priority – coming a close second behind reducing supplier risk.

supply chain budgeting 189

supply chain budgeting Suppliers Risk Procurement 189

TYA Suite

NOVEMBER 15, 2024

From reducing fraud to improving and automating contract management, blockchain is shaping the future of procurement in ways previously unimaginable. It also enables the use of smart contracts, which automatically complete tasks like payments when certain conditions are met.

Supply Chain Efficiency 40

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 40

SCMDOJO

JUNE 7, 2023

Skills like strategic planning and organizing, time management, data analysis, and problem-solving probably sound more important. 2. Negotiating Contracts Retailers are the ones who sell your product to the end customer, and thus an invaluable piece of the puzzle. How Does Language Help in Supply Chain Management?

supply chain budgeting 107

supply chain budgeting Supply Chain Efficiency Supply chain Import 107

Una

JANUARY 4, 2023

These group purchasing organizations often have contracts with a wide range of suppliers, and they offer their member businesses access to these contracts at discounted rates. In an industry focused on numbers and contracts, it’s easy to get lost in the business of group purchasing. The Una Difference.

Purchasing 92

Purchasing supply chain budgeting Procurement strategies Contract 92

Procurement Templates

DECEMBER 28, 2023

And right alongside all those amazing development plans–the strategic planning, compliance efforts, and nitty gritty contract and execution details to be ironed out. Neom has many more initiatives, not just in the design of the city but in resident and work lifestyle.

Sustainability 113

Sustainability Strategic planning Innovation Procurement 113

ivalua

MARCH 30, 2022

The tools can also assist in the build-out of supplier diversity programs to enrich supplier enablement and future strategic planning. . Throughout the supplier’s lifecycle (tender, contract, goods receiving, annual review etc.),

Suppliers 130

Suppliers Supplier relationship management supply chain software solutions Supply Chain Efficiency 130

Una

SEPTEMBER 22, 2022

This guide to IT procurement is designed to help you navigate the often complex process of searching for and comparing different technology providers, negotiating contracts and pricing, and implementing the right IT tools to drive productivity and efficiency without sacrificing your organization’s bottom line. Negotiate & Award Contract.

Procurement 98

Procurement Real-time Visibility Contract Purchasing 98

TYA Suite

NOVEMBER 15, 2024

This proactive approach can help identify potential issues early, allowing businesses to seek alternative suppliers or adjust their contracts accordingly. supplier risk management requires businesses to evaluate the operational processes of their suppliers, ensuring they have contingency plans in place for unexpected disruptions. .

Risk management 40

Risk management Risk Suppliers Strategy 40

SCMDOJO

APRIL 3, 2022

Increasing current contract speed and assisting vendors in lowering overall expense and other costs of sales and acquisitions (Sachdeva, 2020). . Offline marketing tendering procedures are being drastically reduced. Vendors are held to stringent deadlines thanks to computerized and automated communications.

Supply Chain Efficiency 141

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 141

Procurement Heads

JUNE 28, 2022

Great businesses have always looked to procurement for a balanced scorecard across the strategic planning cycle. They’ll be responsible for the overall procurement budget and implement strategic plans across the function. But that balanced scorecard has always been there in the best procurement organisations.

Chief Procurement Officer 130

Chief Procurement Officer Supply Chain Optimization supply chain budgeting Innovation 130

World of Procurement blog

APRIL 23, 2024

This guide delves into the essentials of procurement within the construction sector, discussing various strategies, potential obstacles, supply chain structures, contract types, and managerial aspects necessary for efficient and effective procurement. In the UK and globally, several types of contracts are employed, each with its nuances.

Supply Chain Efficiency 52

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

World of Procurement blog

APRIL 23, 2024

This guide delves into the essentials of procurement within the construction sector, discussing various strategies, potential obstacles, supply chain structures, contract types, and managerial aspects necessary for efficient and effective procurement. In the UK and globally, several types of contracts are employed, each with its nuances.

Supply Chain Efficiency 52

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

Supply Chain Game Changer

NOVEMBER 24, 2018

His job involved buying, negotiating, contracts, overseas travel, sourcing, suppliers, parts, services, managing, supplier qualification, product qualification, terms and conditions, quality issues and delivery problems. Still others tend to define Procurement as being indicative of more strategic planning and longer term activities.

Purchasing 62

Purchasing Procurement Purchase orders Supply Chain Optimization 62

NLPA (Next Level Purchasing Association)

MARCH 16, 2023

On the other hand, the CEO is focused on the overall strategic direction of the company, and spend management is just one component of the broader strategic plan. We also monitor supplier performance to ensure that they are meeting their obligations under our contracts.

Spend management 98

Spend management Management Procurement supply chain budgeting 98

Una

OCTOBER 17, 2023

These group purchasing organizations often have contracts with a wide range of suppliers, and they offer their member businesses access to these contracts at discounted rates. In an industry focused on numbers and contracts, it’s easy to get lost in the business of group purchasing.

supply chain budgeting 81

supply chain budgeting Real-time Visibility Supply Chain Efficiency Supply chain 81

Skill Dynamics

OCTOBER 19, 2023

For example, advanced strategic planning skills are relevant to procurement managers, while data analysis proficiency is associated with sourcing analyst roles. Effective role-based training for sourcing managers therefore includes training that sharpens their strategic thinking, supplier assessment, and market analysis skills.

Supply Chain Optimization 52

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

Jaggaer

OCTOBER 14, 2024

Connect with your legal team during supplier contract design to create contracts that protect your organization. Yet strategic work is critical for dealing with risk and addressing the complexities that drain your time and energy the most. According to Anthony, it’s essential to make strategic work a priority.

Contract 52

Contract Suppliers Strategy Collaboration 52

Zycus Cognitive Procurement

DECEMBER 15, 2022

As we are coming to the end of the year, procurement and supply chain leaders across industries initiate their annual strategic planning process for the next year. Integrating flexible contracts. Integrating flexible contracts: . Introduction. Managing supply chain risk. Improving supply chain analytics.

Supply chain management 52

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 52

World of Procurement blog

APRIL 23, 2024

Spend analysis enables informed decision-making and strategic sourcing. Contract Management Systems By automating contract creation, storage, and monitoring, these systems ensure compliance, reduce risks, and foster better supplier relationships. They also facilitate quicker contract retrieval and revision.

Supply Chain Efficiency 52

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

World of Procurement blog

APRIL 23, 2024

Spend analysis enables informed decision-making and strategic sourcing. Contract Management Systems By automating contract creation, storage, and monitoring, these systems ensure compliance, reduce risks, and foster better supplier relationships. They also facilitate quicker contract retrieval and revision.

Supply Chain Efficiency 52

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

World of Procurement blog

APRIL 23, 2024

Understanding Procurement Technology Procurement technology refers to the software and systems that automate and streamline procurement processes for businesses, covering everything from sourcing materials and services to managing contracts and analyzing spending. Tools like Jaggaer and Scout RFP are popular choices.

Procurement 52

Procurement Supply Chain Efficiency Real-time Visibility Purchase orders 52

NLPA (Next Level Purchasing Association)

AUGUST 23, 2022

An annual strategy audit ensures the strategic planning process’s effective, efficient, and continuous improvement. The goal is to keep your strategic management system running and ensure accountability—keeping your organization on track yearly. Step 2, Examine the Strategic Goals and Key Success Metrics (KSM).

Procurement strategies 52

Procurement strategies Strategy Procurement Supply Chain Efficiency 52

Procurement Software

FEBRUARY 16, 2025

The concept promotes efficiency and effectiveness in work habits, emphasising the importance of strategic planning, delegation, and automation to increase productivity. Probably the thing that irritated me most in a corporate job.

Procurement 52

Procurement Category management Procurement team Management 52

The Good Spending

APRIL 3, 2022

Step 1: Strategic planning and demand management Any purchase requisition must pass the category management well before the sourcing begins. In the budgetary planning stage, category managers aggregate, evaluate, and possibly challenge the demand. My Udemy course "Foundations of Contracts and Outsourcing."

Category management 52

Category management Demand Management Procurement 52