Wed.Dec 11, 2024

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What About Procurement Objectives?

Procurement Templates

It’s been a very long time since I’ve had to consider about procurement objectives. Here are some typical procurement objectives that every procurement professional should consider. Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Savings can be cashable or non cashable i.e. cost avoidance.

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Tariffs and Procurement (Part 2): Tariff management and building an action plan

Spend Matters

Tariff management is a strategic subset of direct materials management and sourcing that involves navigating and optimizing the complex costs and regulatory implications of importing materials and goods across borders. Tariffs essentially taxes imposed on imports and exports directly impact product cost structures. To manage tariffs effectively, companies must align their tariff strategies with their broader business goals, including product design, pricing, supply chain resilience and sustain

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5 Strategies to Minimize Supply Chain Disruptions

All Things Supply Chain

Resilience in supply chain management is essential for keeping businesses steady amid global disruptions like natural disasters, geopolitical shifts and economic shocks.

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What are the top 10 procurement predictions for 2030?

Procurement Insights

EDITOR’S NOTE: I am under embargo regarding the advanced copy I received from ZIP with their Procurement Predictions for 2025. So, I thought I would make a little prognostication myself. for 2030. There is, however, a twist. I have gone through the Procurement Insights archive of 2,410 posts from 2007 to today to provide what I believe will be a unique context explaining the evolution of predictions over the past couple of decades.

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State of AI in Sales & Marketing 2025

AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.

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Negotiations falling short? 5 Steps to Get Your Negotiation Power Back to Leverage AI in Your Next Negotiation

Positive Purchasing

Negotiations can often feel challenging, especially when external factors seem to diminish your leverage. However, with the right strategies, you can reclaim your negotiation power and achieve favourable terms. Here are 5 steps to help you navigate negotiations effectively and regain control. Negotiation dynamics can shift unexpectedly, making it difficult to secure desired outcomes.

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Procurement News — December 11, 2024

CPO Rising

Welcome to Procurement News, part of our ongoing aggregate news series covering recent supply management headlines and trends pertinent to Chief Procurement Officers and other procurement leaders! Contact us with… The post Procurement News December 11, 2024 appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.

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Strategic Negotiation Techniques Used by Elite Purchasing Agents

Procurement Freelancers

For businesses seeking professional procurement expertise, a skilled purchasing agent can transform your supply chain… The post Strategic Negotiation Techniques Used by Elite Purchasing Agents first appeared on Procurement Blog | Procurement & Supply Chain News.

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Top 5 Procurement Strategies from 2024 to Set You Up for Success in 2025

NLPA (Next Level Purchasing Association)

If theres one thing weve learned in 2024, its that effective procurement strategies can make all the difference in a teams success. Whether its about navigating complex supplier relationships, managing costs, or preparing for unpredictable challenges, procurement leaders have shown that adaptability and innovation are key. As 2025 approaches, its time to look back at what worked well and how we can build on those successes for the year ahead.

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Intelligent Bots: How to Implement Them in Your Business

Pipefy

Intelligent bots are revolutionizing operational efficiency, allowing companies to manage processes with agility, precision, and cost reduction. These digital tools, powered by artificial intelligence, have become indispensable for driving business evolution. From operational tasks to strategic support, intelligent bots offer tailored solutions for those who need to save time, maximize resources, and increase productivity without compromising efficiency.

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Key Differences Between Industrial Sales & Consumer Sales: What You Need to Know

Negotiations Ninja

Want to break into the lucrative world of industrial sales? It’s a whole different ball game compared to selling directly to consumers. To succeed, you need specialized knowledge and a unique skill set. That’s where industrial sales training comes in.

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Staying Ahead of UFLPA Enforcement: Best Practices for Retail Supply Chains

Speaker: Ethan Woolley, Director at Kharon

This webinar will explore how companies can proactively address compliance risks–rather than reactively responding to–UFLPA enforcement actions. Ethan Woolley will provide insights into the latest CBP enforcement trends, entity list updates, and industries under increased scrutiny, with a look at potential shifts under the Trump administration. Ethan will also explore how predictive data and strategic due diligence can help organizations stay ahead of regulatory challenges and strengthen complia

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440: Level Up Your Fulfillment Capabilities, with OneRail

Let's Talk Supply Chain

Today Im joined by award-winning supply chain brand OneRail. OneRail is a leading omnichannel fulfillment solution, pairing best-in-class software with logistics as a service, to provide dependability and speed to help businesses meet their delivery promise. With a real-time connected network of 12 million drivers, OneRail matches the right vehicle for the right delivery so brands lower expenses and increase capacity to rapidly scale their businesses.

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Senior Executive Interview, Finance Industry (A Focal Point Case Study Overview)

Procurement Insights

Overview In an informal interview, Jon Hansen, an industry analyst, spoke with a Senior Executive from the Finance sector about the successful implementation of Focal Point as a configurable solution for his company, which has relied on Ivalua for over a decade. While he is not officially representing his company, the executive emphasized that he discussed the key challenges Focal Point aims to address, including improving visibility into ad hoc requests, enhancing renewal management, and enabli

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The Psychology of Persuasion: Key Principles for Sales Success

Negotiations Ninja

Did you know that there’s a science to persuasion? It’s not about trickery or manipulation; it’s about understanding human psychology and using that knowledge to ethically influence decision-making. By mastering the art of persuasion, sales teams can significantly increase their closing rates and drive revenue growth. That’s where sales influence & persuasion training comes in.