Procurement Templates
DECEMBER 11, 2024
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.
All Things Supply Chain
DECEMBER 11, 2024
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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Procurement Insights
DECEMBER 11, 2024
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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Discover strategies to optimize load building and achieve significant transportation cost savings. Plus, learn how load optimization can help reduce CO 2 emissions and align with climate regulations and consumer expectations. Finally, discover best practices for sustainable load optimization.
Spend Matters
DECEMBER 11, 2024
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
Positive Purchasing
DECEMBER 11, 2024
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.
Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
Positive Purchasing
DECEMBER 11, 2024
Procleus, Capella and Ruby Named Top Software Solutions For Mid-Market Business In the bustling landscape of procurement technology, our suite of digital platforms including Procleus, Capella and Ruby, have earned a prominent spot on ProcurementSoftware.site ‘s Procurement Tech Map for mid-market businesses. Thistech map focuses on companies with revenues between $50 million and $1 billion, helping to simplify a complex landscape of procurement technology solutions tailored specifically fo
Negotiations Ninja
DECEMBER 11, 2024
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.
Procurement Insights
DECEMBER 11, 2024
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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As early as next year, procurement and supply chain operations will begin to adopt AI agents, often called “agentic AI,” to work alongside employees to make and execute decisions with precision across procurement and even the most complex global supply chains. Unlike LLM-based generative AI tools such as ChatGPT, these AI agents do not require prompts from humans.
CPO Rising
DECEMBER 11, 2024
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.
Supply Chain Dive
DECEMBER 11, 2024
Speaker: Eric Berdinis, Ran Sun, & Chris Chmielewski
Procuring freight can be cumbersome, time-consuming, and error-prone. If you’re frustrated with the complex and manual processes for obtaining bids for your contract and spot freight, you’re not alone. In today’s fast-moving supply chain environment, optimizing these processes is critical to staying competitive and cutting costs. Join this exclusive webinar with experts from Uber Freight to learn how the latest digital tools and automation can transform your freight procurement strategy by strea
Supply Chain Brain
DECEMBER 11, 2024
Let's Talk Supply Chain
DECEMBER 11, 2024
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.
Negotiations Ninja
DECEMBER 11, 2024
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.
Speaker: Shalini Dinesh
Effective cross-functional collaboration and communication heavily influence product launch success. Research shows that as many as 70% of product launches fail due to inadequate coordination among stakeholders, including supply chain, product management, legal, marketing, and change control teams (Gartner, 2022). The 2023 Supply Chain Insights Report highlights that 60% of supply chain disruptions are caused by poor communication and misalignment among cross-functional teams.
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