Remove Cost of ownership Remove e2e Remove Negotiation
article thumbnail

Mastering Strategic Sourcing: Efficiency and Cost Savings in Procurement

Jaggaer

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. That means negotiating a medium to long-term contract to support security of supply and having a contingency plan in place in the event of problems.

article thumbnail

Strategic Sourcing Success – Techniques Deployed by Leaders in S2P

Jaggaer

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. Total cost analysis (how much does it cost to provide those goods or services?)

professionals

Sign Up for our Newsletter

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

article thumbnail

The Contract Management Playbook: Strategies and Secrets for Total Control

World of Procurement blog

Contract management involves coordinating and negotiating agreements to establish business relationships, draft contract terms that protect the company, properly execute contracts, monitor performance, and mitigate risks. Negotiation - Once the initial draft is ready, next comes negotiation with the counterparty to finalize the terms.

article thumbnail

The Essential Guide to Source to Pay, Source to Contract, and Procure to Pay

Jaggaer

Or alternatively, as senior managers we only see the end results of procurement as figures on a spreadsheet or a financial statement, with little awareness of how they are arrived at and how they can be improved. To understand whats really going on we need, first, to step back and get a holistic view of the end-to-end process.

article thumbnail

10 CLM Platforms to Take Your Procurement Game to the Next Level

World of Procurement blog

With the right CLM solution in place, procurement can achieve end-to-end visibility into the contracting process, reduce cycle times, and eliminate inefficient manual tasks. Tracking and reporting - CLM platforms provide visibility into contract status, deadlines, obligations, and performance.

e2e 52
article thumbnail

The Role of Procurement Outsourcing Services in Global Business Operations

Empowering CPO

Managed procurement services can be defined as an external service that helps streamline a company’s acquisition processes, offering an end-to-end solution that takes into account all aspects of procurement – from sourcing to payment. This is where managed procurement services come into the picture.

article thumbnail

The Role of Managed Procurement Services in Global Business Operations

Empowering CPO

Managed procurement services can be defined as an external service that helps streamline a company’s acquisition processes, offering an end-to-end solution that takes into account all aspects of procurement – from sourcing to payment. This is where managed procurement services come into the picture.