World of Procurement blog

APRIL 23, 2024

Below are the top 20 skills they need to master: Negotiation Skills : The ability to negotiate favorable terms, conditions, and prices is essential. Strategic Sourcing : Identifying and developing key suppliers and products to optimize spend.

Procurement 52

Procurement Ethics Supplier relationship management Market knowledge 52

NLPA (Next Level Purchasing Association)

DECEMBER 11, 2024

In 2024, teams that focused on nurturing supplier relationships found they were better prepared to weather disruptions and negotiate favorable terms. Courses in supplier management and contract negotiation can help you and your team refine these critical skills. Of course, navigating global markets comes with its own challenges.

Procurement strategies 52

Procurement strategies Agile and Lean Supply Chain Strategy Procurement 52

ivalua

DECEMBER 19, 2018

The Ivalua solution will automate some of the processes – proceedings, negotiations and approval of contracts as well as invoicing. We specialize in Procurement cost optimization (cost reduction projects), Global Sourcing projects as well as the implementation of specialist Procurement software solutions (Ivalua and NextBuy).

Supplier relationship management 100

Supplier relationship management Contract Buyers Procurement solutions 100

Una

OCTOBER 17, 2023

This is typically done by forming a purchasing consortium or alliance, which allows the group to negotiate better prices from suppliers due to the larger volume of business they are bringing to the table. Group purchasing can be used in conjunction with other procurement strategies , like strategic sourcing, for example.

supply chain budgeting 81

supply chain budgeting Real-time Visibility Supply Chain Efficiency Supply chain 81

Spend Matters

JULY 24, 2023

While Procurement has come a long way over the past decade, it notes, “developments in AI, and the speed at which it is advancing, are going to disrupt our lives in ways we cannot even fathom yet … AI will help us make better, more data-driven decisions.”

supply chain budgeting 98

supply chain budgeting Budget Agile and Lean Supply Chain Risk 98

ivalua

MAY 9, 2023

Protecting profitability in the face of inflation isn’t about squeezing suppliers in negotiations, but working together to find ways to reduce costs in the full value chain. Some suites have embedded MDM capabilities that can unify data across the enterprise and fix issues at the source.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Procurement Collaboration Supply Chain Efficiency 130

Una

JUNE 1, 2023

By Hugo Britt | June 1, 2023 Search Search Are you a recent graduate seeking a career path that combines strategic decision-making, problem-solving, and impactful negotiations ? From supplier relationship management and global sourcing to risk assessment and sustainability initiatives, each day brings new hurdles to overcome.

Procurement 52

Procurement supply chain budgeting Sustainability Negotiation 52

World of Procurement blog

APRIL 24, 2024

It covers essential concepts, including sourcing, negotiation, and the economic aspects of procurement, providing participants with actionable insights to apply in their roles. It is especially valuable for professionals involved in global sourcing, international logistics, and cross-cultural negotiations.

Procurement 52

Procurement Supply chain management Supply chain management Supply Chain Optimization 52

Empowering CPO

JANUARY 28, 2024

By harnessing the power of data, procurement teams can identify opportunities for cost optimization, negotiate favorable contracts, and proactively manage risks. Global Sourcing Strategies: Explore opportunities in global sourcing to diversify your supplier base and tap into cost-effective markets through Procurement Market intelligence.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Supply Chain Optimization 40

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

These insights enable data-driven decision-making, negotiation strategies, and risk mitigation, leading to more informed procurement choices. This results in better negotiation outcomes, improved quality, reduced costs, and enhanced overall value delivery.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Empowering CPO

FEBRUARY 11, 2024

Sustainable Procurement: A Cornerstone of Strategic Sourcing In an era where environmental and social responsibility are paramount, sustainable procurement is a non-negotiable aspect of it. Organizations are increasingly recognizing the importance of integrating sustainable procurement practices into their sourcing strategies.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

Procurement Software

JANUARY 23, 2024

Along with a cloud-based supplier search engine that aims to fully automate global sourcing. Matchory strives to meet the ever-more complex needs of global sourcing, with solutions for risk mitigation, process improvement, cost-savings and market insights. It features numerous modules for price management.

Procurement 52

Procurement supply chain software solutions Supply Chain Efficiency Real-time Visibility 52

Positive Purchasing

SEPTEMBER 22, 2022

It now owns 15 of the 17 cobalt mines in the Dominican Republic of Congo, the biggest global source of cobalt. Jonathan O’Brien, CEO of Positive Purchasing Ltd, is a leading expert on procurement and negotiation and works with global blue-chip organizations to help transform their purchasing capability.

Procurement 52

Procurement Raw materials Price Risk 52

Empowering CPO

JUNE 30, 2023

They now encompass a wide range of activities including supplier selection and negotiation, contract management, risk assessment, spend analysis, and strategic sourcing, to name just a few. But in today’s complex business environment, procurement services have evolved beyond these basic functions.

Management 40

Management Procurement Supplier relationship management Supply Chain Efficiency 40

Positive Purchasing

MAY 3, 2024

Tom Walsh, Associate Director, Global Source-to-Pay Excellence Lead, Astellas Pharma US, Inc. Our Global Procurement organization has enjoyed great success in large part due to Jonathan O’Brien’s category management principles and processes. .

Category management 52

Category management Purchasing Supplier relationship management Management 52

Positive Purchasing

APRIL 11, 2022

But a number of crises have caused companies to question that and we have also seen price hikes associated with global sourcing. It costs to move away from some low-cost sources. The only negotiation approach is first to understand the risk. When things are great, nobody worries. But now we do. That is inevitable.

Raw materials 52

Raw materials Supply Supply Chain Efficiency Price 52

Skill Dynamics

FEBRUARY 6, 2025

For instance, when teaching complex negotiation strategies, we use a step-by-step approach, introducing concepts gradually and reinforcing them through practical examples. For example, learners might navigate a simulated global sourcing crisis, making decisions that affect virtual supply chains in real time.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Optimization Supply chain Global sourcing 52