Procurement Templates

DECEMBER 11, 2024

Sustainability and Compliance: Ensure procurement activities align with environmental, social, and governance (ESG) standards and regulatory compliance. Adopt a Forward-Thinking Approach: Stay ahead by monitoring emerging procurement trends, such as digital transformation and sustainability innovations.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

Procurement Tactics

MARCH 29, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Pillars of Sustainability — Everything About Sustainability The pillars of sustainability should be embedded into an organization’s strategy to achieve sustainability.

Sustainability 130

Sustainability Supply Chain Efficiency Ethics Cost of ownership 130

Procurement Tactics

SEPTEMBER 15, 2022

Sustainable Purchasing — The Ultimate Guide. Sustainable purchasing might be a term that many people are not familiar with. In this article, we will talk about what sustainable purchasing is. Additionally, we will tell you ways in enhancing sustainable purchasing strategy. . What is Sustainable Purchasing?

Purchasing 130

Purchasing Sustainability Cost of ownership Supply Chain Efficiency 130

Pipefy

MAY 22, 2024

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.

Cost of ownership 52

Cost of ownership Purchasing supply chain software solutions Supply Chain Optimization 52

Procurement Templates

SEPTEMBER 14, 2023

In an era marked by growing environmental concerns and the urgent need for sustainable practices, procurement has emerged as a pivotal player in fostering sustainability within organizations. The Green Imperative Sustainability is no longer an option; it is an imperative.

Sustainability 130

Sustainability Supply Chain Efficiency Procurement Ethics 130

ivalua

MARCH 18, 2021

The Belgium-based automotive supplier, specialising in sustainable and affordable propulsion system solutions, deployed Ivalua’s platform in September 2020 for the sourcing of components for the DT2 program, within the company’s Joint Venture operations: Punch Powertrain PSA e-transmissions.

Strategic sourcing 246

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 246

SCMDOJO

JANUARY 9, 2025

Improving Cost and Quality Every decision in strategic sourcing impacts the total cost of ownership, the quality of goods or services, and supply chain resilience. Moreover, early supplier involvement in product development helps businesses reduce time-to-market, improve product quality, and lower costs.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Procurement 98

Una

MAY 10, 2023

EPISODE 114 Creating a Difference in Sustainable Packaging with Cory Connors By Kelly Barner | May 10, 2023 As goods move through the supply chain, the amount of packaging that moves with them is mind boggling.

Sustainability 98

Sustainability Cost of ownership Supply chain Sourcing 98

Procurement Insights

JANUARY 3, 2025

Emphasis shifted from pure cost savings to total cost of ownership (TCO) and value creation. Integration with Sustainability Goals : CFOs began to value procurement’s contributions to corporate social responsibility (CSR) , particularly in sourcing ethically and supporting sustainability initiatives.

Agile and Lean Supply Chain 52

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

ivalua

FEBRUARY 25, 2021

Sustainable master data management and governance: As much as 55% of projects fail due to data management issues. Total Cost of Ownership, ERP appears to be cheaper, but is it? In addition to all of these benefits, the total cost of ownership of an ERP-based solution is higher.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Jaggaer

APRIL 22, 2019

Earth Day (April 22nd) is a celebration of commitment to creating a safer, healthier and cleaner world, making it a natural time to reflect on the power and value of sustainable procurement programs. using a total cost of ownership strategy) and identify key risks (and related costs) to avoid.

Sustainability 91

Sustainability Supply Chain Efficiency Procurement supply chain software solutions 91

Procurement Leaders

FEBRUARY 26, 2024

This might be a bold claim but when Amanda Davies, Chief Procurement & Sustainability Officer at Mars Wrigley, announced that she was adding R&D to her remit to become Chief R&D, Procurement & Sustainability Officer, it provided a welcome reminder of the opportunity we have as a function.

Cost of ownership 130

Cost of ownership Agile and Lean Supply Chain Sustainability Procurement team 130

ivalua

JULY 15, 2015

Strategic sourcing requires an intense focus on the total cost of ownership, while incorporating customer needs, organizational goals, and market conditions. Done well, strategic sourcing creates measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability.

Strategic sourcing 147

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 147

SCMDOJO

JULY 3, 2023

In this course, you will explore various essential aspects, including the definition of Total Cost of Ownership, key considerations, the impact of the green economy, realities of the post-Covid supply chain, and a comprehensive cost calculation checklist. Total Cost of Ownership – Definition Lesson 2.

Cost of ownership 98

Cost of ownership Procurement Category management supply chain software solutions 98

Empowering CPO

FEBRUARY 11, 2024

Introduction In the ever-evolving landscape of procurement, organizations are turning to strategic sourcing services to navigate the complexities and achieve sustainable success. At EmpoweringCPO, we understand the pivotal role it plays in optimizing the supply chain, reducing costs, and fostering long-term competitiveness.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

Spend Matters

JANUARY 8, 2024

In 2024, this will require continued transformation as businesses look to increase resilience, swift value delivery, combatting inflation and sustainable procurement practices. As businesses seek greater control over risk, sustainability, availability and costs, some businesses are contemplating full backward integration in the value chain.

Procurement solutions 101

Procurement solutions Supply Chain Optimization Procurement Supply Chain Efficiency 101

ivalua

MARCH 18, 2021

The Belgium-based automotive supplier, specialising in sustainable and affordable propulsion system solutions, deployed Ivalua’s platform in September 2020 for the sourcing of components for the DT2 program, within the company’s Joint Venture operations: Punch Powertrain PSA e-transmissions.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Buyers 130

Jaggaer

APRIL 9, 2025

But investigate the total cost of ownership (TCO) rather than price alone consider licensing, implementation, maintenance, and training costs. Do they have a good track record on cybersecurity, and do they have the relevant certifications? Your budget obviously plays a big role in your considerations too.

Supply Chain Efficiency 52

Supply Chain Efficiency Agile and Lean Supply Chain Raw materials supply chain software solutions 52

Una

NOVEMBER 1, 2022

The initial cost of goods is important, but strategic sourcing takes several other factors into account, which can include: Total Cost of Ownership Innovation Security of supply Quality Social responsibility Sustainability Total Cost of Ownership (TCO) shows how strategic sourcing goes beyond an item’s short-term purchasing pricing.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

SCMDOJO

SEPTEMBER 19, 2024

If you graduated from a program focusing on supply chain management or completed professional certification in procurement, the coursework and educators always say that piece price isn’t the total cost of ownership of the item purchased. His new book is The Supply Chain Revolution: Unlocking the Sustainable Profit Chain.

Price 98

Price Suppliers Cost of ownership Quality 98

Planergy

FEBRUARY 24, 2025

Sustainable Procurement Increasingly important in modern education, sustainable procurement prioritizes environmentally friendly and socially responsible purchasing decisions. Prioritize Total Cost of Ownership (TCO) TCO goes far beyond the initial purchase price, considering the entire lifecycle of an asset or service.

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

SCMDOJO

JULY 18, 2024

While biofuels might have slightly higher initial costs, government incentives can help offset the difference. Evaluating the total cost of ownership, including fuel prices, maintenance requirements, and government incentives, is crucial when considering alternative fuels (Department for Transport, 2005c).

Supply Chain Efficiency 105

Supply Chain Efficiency Cost of ownership Supply Chain Optimization Sustainable transportation 105

Arkestro

NOVEMBER 12, 2024

Today’s procurement challenges go far beyond cost negotiations and sourcing. Businesses must now navigate sustainability, risk management, and total cost of ownership (TCO)—which now are shifting more spend into the “defer” or “ignore” buckets.

Procurement 52

Procurement Bidding Procurement team Supply Chain Efficiency 52

SCMDOJO

APRIL 11, 2023

Supply Risk and Sustainability Management’ by NLPA In the NLPA’s “Supply Risk and Sustainability Management” course, participants will receive comprehensive training on supply disruption management. The course covers a wide range of topics related to supply chain risk and sustainability management.

Supply chain management 116

Supply chain management Supply chain management supply chain software solutions Supply chain 116

SCMDOJO

JUNE 6, 2024

Ethical and Sustainable Procurement: The curriculum emphasizes the importance of responsible sourcing practices, aligning with the growing demand for ethical and sustainable supply chains. Deepen Your Expertise: As you progress, delve into specialized topics like cost optimization, risk management, and supply chain sustainability.

Procurement 105

Procurement Supply Chain Optimization Supply Chain Efficiency Ethics 105

IBM Supply Chain Blog

JUNE 12, 2023

Understand the immediate power and sustained value of great architecture with embedded security controls and continuous monitoring. Done right, our take is that the cloud can deliver unparalleled benefits in performance and total cost of ownership without compromising resiliency, security and compliance.

Strategy 85

Strategy Cost of ownership Risk Data 85

Jaggaer

FEBRUARY 5, 2025

However, pricing is only one of many factors in strategic sourcing, which focuses on securing the best quality for the lowest total cost or cost of ownership. Traditional sourcing focuses on high volumes and bulk buying to secure discounts.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Efficiency Sourcing 52

IBM Supply Chain Blog

SEPTEMBER 11, 2023

Netezza SaaS is designed to simplify data migration, ensuring frictionless upgrades and the lowest Total Cost of Ownership (TCO). As businesses seek to navigate the complexities of the digital landscape, this partnership offers them a roadmap to data-driven AI solutions that fuel growth, innovation, and sustainable success.

Raw materials 104

Raw materials Cost of ownership Innovation Data 104

Skill Dynamics

JULY 19, 2024

An increasing focus on areas such as sustainability — driven by both regulatory and consumer pressure — is forcing procurement strategies to change. And sustainability is just one trend forcing a shift in procurement patterns. Consider the Total Cost of Ownership (TCO), which includes purchase price, maintenance, and disposal costs.

Procurement strategies 90

Procurement strategies Strategy Procurement supply chain budgeting 90

Una

MARCH 16, 2023

With plenty of warning, the sourcing team could have taken a more holistic view of value, analyzed vehicle demand, dug into historical spend data, examined total cost of ownership, and moved the conversation beyond cost to align with other company goal such as sustainability or social outcomes.

Influencing 105

Influencing Procurement Cost of ownership Supplier relationship management 105

Jaggaer

FEBRUARY 5, 2025

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. Since reverse auctions focus heavily on price competitiveness, this can be easily done with sourcing software tools.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

TYA Suite

NOVEMBER 25, 2024

Sustainable procurement is a growing approach that focuses on purchasing goods and services with consideration for their environmental, social, and economic impacts. By incorporating sustainability into , businesses can contribute to reducing their carbon footprint, promoting ethical labor practices, and supporting long-term economic growth.

Sustainability 40

Sustainability Import Supply Chain Efficiency Procurement 40

Una

JANUARY 30, 2023

For example, you could educate a stakeholder on why Total Cost of Ownership (TCO) matters, or explain the need to balance cost vs risk, or show them how their purchase could be an opportunity to engage with diverse suppliers.

Procurement 98

Procurement Cost of ownership Influencing Purchasing 98

Supply Chain Game Changer

NOVEMBER 13, 2018

Strategic Sourcing is a proven approach to understanding and delivering significant cost reduction based on Total Cost of Ownership (TCO), building a sustained value – creating relationship with the suppliers and category spend reduction in order to create and sustain a competitive advantage.

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

Empowering CPO

FEBRUARY 20, 2023

The Lot total should represent the Total Cost of Ownership for the buyer and should include all factors so as to ensure an apple-to-apple comparison. Hence it is important to have an optimum number of lots while designing a Lotting strategy. This would allow vendors to have a real picture of where they stand among all competitors.

Strategy 52

Strategy Cost of ownership Strategic sourcing Strategic sourcing 52

Skill Dynamics

MARCH 12, 2024

Today’s competitive business landscape demands cost optimization tools that significantly move the needle. It’s about more than just cutting expenses; it’s about making strategic decisions that drive sustainable growth and create value.

Cost optimization 69

Cost optimization Cost of ownership Procurement Strategy 69

Supply Chain Game Changer

NOVEMBER 17, 2022

4) Lower Costs and Better Return on Investment. Cloud file encryption helps to achieve a lower total cost of ownership (TCO) for cloud storage. The lower costs and improved efficiency mean you can more easily maintain your competitive edge in the market. 5) Sustainability.

Supply Chain Efficiency 78

Supply Chain Efficiency supply chain budgeting Cost of ownership Supply chain 78