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Here’s a comprehensive list of the top 100 skills that a Procurement Manager should master

Procurement Templates

Mastering these skills not only optimizes procurement processes but also positions managers as strategic business partners. Analyze Total Cost of Ownership (TCO): Incorporate factors like lifecycle costs, maintenance, and disposal into purchasing decisions. SAP, Oracle) Procurement software (e.g.,

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Total Cost of Ownership (TCO): Definition, Components, and Examples

Pipefy

A brief introduction to total cost of ownership (TCO) Total cost of ownership refers to all of the expenses that are incurred when purchasing, implementing, deploying, maintaining, and using a product, tool, or equipment. This also includes any time costs associated with downtime, training, or other productivity losses.

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Get Out of the “Bad Habits” of Traditional Procurement by Leveraging 21st Century Technology

Arkestro

Historically, the focus has been on optimizing portfolios of spend—prioritizing what to address, defer, or ignore—using well-known frameworks such as the Kraljic Matrix and the Pareto Principle. Today’s procurement challenges go far beyond cost negotiations and sourcing. Subscribe to news from Arkestro. You can unsubscribe at any time.

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Ultimate Guide to Procurement in Education: Tips for Schools & Academies

Planergy

Aggregated Spending Analysis: Build comprehensive spending reports that show total institutional expenditure, potential consolidation opportunities, vendor performance trends, and budget optimization strategies. Negotiation techniques such as long-term contract considerations, flexible pricing structures, and performance-based incentives.

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Procurement Training Reimagined: SCMDOJO Launches Procurement Track

SCMDOJO

Networking Opportunities: Learners can connect with other procurement professionals through the SCMDOJO community, fostering valuable relationships and knowledge sharing. Watch Procurement Jobs in Future I The Supply Chain Show video on SCMDOJO YouTube Channel! Enroll Now! How to Start with the SCMDOJO Procurement Track?

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Strategic Sourcing Best Practices – Proven Strategies for Procurement Success

Jaggaer

They instantly compare bids based on predefined criteria, such as the lowest bid, pricing tiers, or total cost of ownership, and rank the suppliers accordingly. For example, carbon emissions can be costed, and delivery times or product quality might be scored numerically or based on predefined KPIs in the system.

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Seasoned Leadership in Action™ – An Interview with Sheri Hinish, The Supply Chain Queen®!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. At Supply Chain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. As such we have introduced our “Seasoned Leadership in Action™” Interview series here at Supply Chain Game Changer.