ProcurePort

SEPTEMBER 20, 2022

Such circumstances make it important for procurement teams […]. First, suppliers can eliminate competition by applying a loss-leadership strategy that drives other companies out of business. • In other cases, demand far outweighs supply, making it hard for buyers to negotiate.

Buyers 246

Buyers Negotiation Purchasing Strategy 246

Spend Matters

JANUARY 8, 2025

As procurement becomes increasingly strategic and digital, intake and orchestration processes require intricate coordination across various departments, tools and data sources. Zips value proposition is to provide requesters and stakeholders with an intelligent, intuitive front-end to their ERP or P2P.

Market analysis 111

Market analysis Procurement team Sourcing Buyers 111

SCMDOJO

JANUARY 9, 2025

The recent semiconductor shortage highlighted the importance of sourcing diversification. Innovative Solutions: Enhancing Procurement Efficiency While strategic sourcing focuses on supplier relationships and long-term goals, innovative solutions bring technology-driven efficiency and insight to procurement processes.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Procurement 98

Procurement Heads

NOVEMBER 14, 2022

Understanding the procurement structure. The importance of the procurement team is more clearly recognised in some organisations and less so in others. Get an understanding of the perception of procurement and its engagement throughout the business. Strategise for the future.

Procurement 245

Procurement Procurement team Budget Import 245

Spend Matters

JANUARY 7, 2025

What customers prioritize when investing in procuretech At Prewave, we find that our customers adopt a structured approach to their ESG and sustainability obligations, which is why its important to provide procuretech solutions that provide a clear, data-driven overview on environmental, social and governance issues.

supply chain software solutions 114

supply chain software solutions Supply Chain Efficiency Procurement Raw materials 114

Spend Matters

MARCH 25, 2025

Identifying key stakeholders Procurement operates within a complex ecosystem where multiple internal and external stakeholders hold different levels of influence. Internally, procurement teams must collaborate closely with finance, IT, legal and operational leadership, each with distinct priorities and decision-making authority.

Stakeholder engagement 93

Stakeholder engagement Management Procurement Influencing 93

RPF360

OCTOBER 6, 2022

Cost savings and cost avoidance are important strategies for procurement teams. Explore how you can differentiate between cost savings vs cost avoidance and see how you can reduce spend using both along with examples. The post Cost savings vs cost avoidance: What’s the difference? appeared first on RFP360.

Procurement team 197

Procurement team Strategy Import Procurement 197

ivalua

JANUARY 8, 2023

Export and import of certain hazardous wastes. For procurement organizations, the German Supply Chain Act presents both challenges and opportunities. The new set of regulations add an additional layer of compliance and risk management to the procurement process.

supply chain software solutions 244

supply chain software solutions Supply Chain Efficiency Supply chain Procurement 244

ivalua

MAY 31, 2022

Reviewing pandemic responses and strategies, some CPOs and Procurement teams managed a bit better than their peers as uncertainty and change mounted. These teams were able to quickly communicate and negotiate with their key suppliers to establish a “supplier of choice” solution. . Why is Supplier Information so important?

Suppliers 246

Suppliers Supplier relationship management supply chain software solutions Agile and Lean Supply Chain 246

ivalua

FEBRUARY 8, 2023

Why is visibility so important? Procurement teams are now expected to manage a lot of moving parts — from supplier relations to spend, risk, compliance, contractual obligations, contingency plans and more — and a lack of visibility inhibits their ability to do any of that effectively. Set expectations with suppliers.

Supply chain resilience 242

Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

Skill Dynamics

JANUARY 14, 2025

Procurement is often an overlooked area within organizations, working behind the scenes to ensure businesses have the goods and services they need to operate at their best. Considering its importance, it makes sense that modern procurement teams have a structured approach to developing essential skills and capabilities.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

Spend Matters

APRIL 18, 2023

However, while automation can certainly provide benefits, it's essential not to overlook the importance of the human aspect in procurement. Automation can bring a range of benefits to procurement processes, such as increased efficiency, cost savings and reduced errors.

Import 103

Import Supplier relationship management Procurement Purchase orders 103

ivalua

JANUARY 29, 2021

Therefore, the survey gives a fascinating insight into the impact that the pandemic has had on procurement teams globally. “70% 70% of respondents maintained or increased digital procurement investment post covid” . The feedback from the survey was that process adaption and change management are the most important factors.

Suppliers 195

Suppliers Bill of materials Procurement team Risk management 195

ivalua

JUNE 4, 2020

In this article we’ll review how supplier management capabilities in Source-to-Pay technology can free-up and enable a manufacturer’s direct material procurement team to do what they do best to ensure the supply chain remains resilient and agile: be creative and strategic. Managing a complex network of direct material suppliers.

Agile and Lean Supply Chain 173

Agile and Lean Supply Chain Supply chain resilience Supply Chain Efficiency Supply chain 173

Spend Matters

FEBRUARY 26, 2025

Recent successes include: In 2024, 321 new government procurement teams were onboarded. And in collaboration with NIGPs RMGPA chapter and Colorados OEDIT department, SOVRA will host The Small Business Showcase at the NIGP Forum in Denver to highlight small businesses looking to expand their presence in public procurement.

Procurement 116

Procurement Bidding Contract management Data 116

Procurement Tactics

JULY 23, 2023

In the 1950s, Deming introduced statistical process control methods to Japan, emphasizing the importance of quality and continuous improvement. Nowadays, Kaizen still continues to be an important part of lean management, helping businesses achieve their goals by constantly getting better and eliminating waste. CERTIFICATE COURSES 1.

Agile and Lean Supply Chain 196

Agile and Lean Supply Chain Supply Chain Efficiency Procurement team Quality 196

ivalua

SEPTEMBER 25, 2020

“Over the last decade, the role of procurement has transformed from one of cost-cutter to a vital ally that can help inform and enable a business’s strategy. However, for too long, procurement has been seen as a digital laggard, with technology adoption trailing behind other departments.

Procurement 188

Procurement Procurement team Risk Spend management 188

Procurement Templates

DECEMBER 11, 2024

Sustainability and Compliance: Ensure procurement activities align with environmental, social, and governance (ESG) standards and regulatory compliance. Benchmark Performance: Regularly compare procurement metrics with industry best practices to identify areas for improvement. Contribute ideas and learn from others.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

Procurement Leaders

SEPTEMBER 8, 2022

Fast forward a few months, and with those same events continuing to challenge procurement teams, leaders have revealed what it is that they want. Instead, developing team skills and talent tops CPOs’ agenda for the coming 12 months. It caps a growing recognition of the importance of the people staffing today’s procurement teams.

Supply Chain Efficiency 195

Supply Chain Efficiency Procurement team Buyers Procurement 195

Procurement Tactics

NOVEMBER 23, 2022

However, what is its impact on procurement? . In this article, we will discuss what corporate social responsibility and sustainable procurement are. We will tell you the importance of corporate social responsibility within sustainable procurement. What is sustainable procurement? Why is CSR important?

Procurement 206

Procurement Ethics Sustainability Supply Chain Efficiency 206

Procurement Insights

MARCH 19, 2025

Bayer During the same event, Bayer representatives shared how ORO’s platform made procurement more user-friendly for business users, suppliers, and procurement teams. They emphasized the platform’s AI-powered, simple interface that provides full visibility, enhancing the overall procurement experience.

Procurement 52

Procurement Import Suppliers Sourcing 52

ProcurePort

JUNE 28, 2022

• Purchasing performance measurement is incredibly important for organizations. A cost reduction in procuring new goods and services can allow enterprises to position their end products and services competitively, thus impacting the bottom line. • In recent years, procurement teams have played a strategic role in most organizations.

Purchasing 130

Purchasing Procurement team Procurement Import 130

ProcurePort

APRIL 21, 2021

Source to pay is one of the core processes alongside procure-to-pay that procurement teams rely on to ensure raw materials and required services are available as and when needed. Understanding the S2P life cycle is vitally important as it will assist you in devising a strong procurement strategy, […].

Sourcing 130

Sourcing Raw materials Procurement team Procurement strategies 130

Arkestro

DECEMBER 26, 2024

Procurement teams are already using AI-powered tools to analyze vast amounts of data to identify patterns, predict trends, and recommend actions. By automating routine work, procurement professionals can focus on high-impact tasks like strategic sourcing and relationship building with key suppliers. trillion , a 9.3%

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

ProcurePort

MARCH 31, 2021

What is the role of an e-procurement report? Where does analytics fit in for procurement teams? How important are they for organizations? Reporting and analytics can highlight problems along the supply chain and provide solutions for procurement issues while giving direction for future efforts.

Procurement 130

Procurement Procurement team Supply chain Import 130

Procurement Heads

DECEMBER 7, 2022

Paysafe recently joined a partnership with Hotel Key to streamline payments, how much impact on the procurement function do partnerships like this have? Paysafe is a leader in payment solutions and these partnerships are important for the business to grow by expanding our presence. More importantly, you need to have fun!

Strategic sourcing 246

Strategic sourcing Strategic sourcing Vendor management Category management 246

Procurement Heads

OCTOBER 26, 2022

What do you think are the key focus areas for procurement right now? The environment, with high inflation, economic uncertainty, and difficult times – it is important to focus on resilience in the supply chain, mitigating cost increases and managing risk and compliance. How would they work with the wider procurement team?

Supply Chain Efficiency 246

Supply Chain Efficiency Supply chain Sustainability Suppliers 246

Procurement Tactics

NOVEMBER 27, 2022

Responsible consumption and production of goods are seen as an important part of the strategy to reduce poverty, improve environmental quality, and bring economic growth. . Public procurement of goods and services forms a major part of government expenditure in many developing countries. Why is it important?

Procurement 191

Procurement Sustainability Purchasing Raw materials 191

ivalua

JUNE 16, 2021

MENA countries import a lot of food; disrupted supply chains and price increases mean potential food shortages. Cut off from these important imports, MENA companies sharpened their focus on transforming supply chains, as a means of becoming more resilient and agile. Governmental support will also be an important factor.

Eprocurement 130

Eprocurement Supply Chain Optimization Agile and Lean Supply Chain Procurement team 130

Procurement Talk with David Byrne

DECEMBER 12, 2024

Listen on Apple Podcasts Listen on Spotify Watch on YouTube Summary On this episode, Martin Smith interviews John Butcher, the Procurement Director at Just Eat Takeaway. John shares his journey of building a procurement team from scratch, the challenges he faced, and the importance of hiring the right talent.

Procurement team 52

Procurement team Procurement Import Procurement strategies 52

ivalua

SEPTEMBER 24, 2020

“Over the last decade, the role of procurement has transformed from one of cost-cutter to a vital ally that can help inform and enable a business’s strategy. However, for too long, procurement has been seen as a digital laggard, with technology adoption trailing behind other departments.

supply chain software solutions 32

supply chain software solutions Procurement Procurement team Risk 32

ivalua

MARCH 16, 2021

Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed in late 2020 by Philip Ideson from Art of Procurement. When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity. Why is visibility so important? Set expectations with suppliers.

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

Procurement Heads

NOVEMBER 15, 2022

Understanding the procurement structure. The importance of the procurement team is more clearly recognised in some organisations and less so in others. Get an understanding of the perception of procurement and its engagement throughout the business. Strategise for the future.

Procurement 130

Procurement Procurement team Budget Import 130

Procurement Leaders

MARCH 6, 2023

At Procurement Leaders, we’ve been seeking out the community’s insights into how they’re dealing with these challenges and how they see things panning out in the months to come. Procurement teams are increasingly tracking the status of suppliers across several tiers of the supply chain, as exemplified by satellite service provider Inmarsat.

supply chain budgeting 189

supply chain budgeting Suppliers Risk Procurement 189

ivalua

AUGUST 19, 2021

Historically, so much of what Procurement teams did went unnoticed. Of course, over the last few years, the role of Procurement has become more visible, in large part due to broader recognition of the value and closely monitored and tracked performance metrics that are now more mainstream. Here are some of my takeaways.

Procurement 130

Procurement Procurement team Suppliers Risk 130

ivalua

APRIL 23, 2021

The book gives a clear view of the benefits of cross functional collaboration for procurement and also some actionable insights as to how procurement can foster collaboration with other areas of the business. . By supporting the budget holders they can then deliver value to the organisation.

Collaboration 130

Collaboration Procurement team supply chain budgeting Bill of materials 130

ivalua

JUNE 1, 2022

When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity. In fact, the pandemic spurred enormous growth and expansion for Procurement, while helping uncover hidden weaknesses in procurement processes and procedures. Why is visibility so important?

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130