Procurement Tactics

JUNE 8, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Brazil Import and Export Statistics Brazil’s total export amounts to $27.4 billion and its total imports reach $19.1 Brazil’s top imports are: Refined Petroleum = $13.1B United States = $39.3B

Export 177

Export Import Negotiation Sustainability 177

Procurement Tactics

OCTOBER 13, 2022

Strategic Sourcing Manager — The Ultimate Guide. A strategic sourcing manager is a key person in ensuring that the strategic process is effective and efficient. In this article, we will discuss what a strategic sourcing manager is. Additionally, we will tell you the skills needed to be a strategic sourcing manager. .

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

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.

Supply Chain Optimization 110

Supply Chain Optimization Management Supply chain resilience Supply Chain Efficiency 110

Procurement Tactics

MARCH 23, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Source-to-Contract — The Ultimate Guide Source-to-contract is an important process in procurement. If you want to know about source-to-contract, then this is for you!

Contract 156

Contract Sourcing Purchase orders Bidding 156

Jaggaer

FEBRUARY 5, 2025

What Is Strategic Sourcing? A Complete Guide Strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. It is called strategic because it replaces traditional ad hoc approaches to sourcing, which were almost entirely focused on cost savings, item by item.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Efficiency Sourcing 52

Procurement Tactics

DECEMBER 5, 2022

Manufacturing Sourcing Company in India — The Ultimate Guide of 2023. However, why do companies source in India? In this article, we will talk about what a manufacturing sourcing company is. We will discuss why companies are starting to source in India. We will also show you some sourcing companies that you can trust. .

Sourcing 182

Sourcing Quality Suppliers Price 182

ProcurePort

NOVEMBER 2, 2023

Procurement Sourcing Overview: Procurement sourcing is finding and choosing suppliers to get things an organization needs. Importance and Strategies: Good procurement sourcing saves money, ensures quality, reduces risk, and allows for innovation. appeared first on ProcurePort Blog.

Sourcing 130

Sourcing Procurement Leadership Negotiation 130

Procurement Tactics

MAY 11, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Thailand Import and Export Statistics — 15 Key Figures Thailand is a vibrant and rich country famous for its beautiful beaches, magnificent temples, flavorful cuisines such as Pad Thai and Tom Yum Goong.

Export 155

Export Import Negotiation Sustainability 155

Jaggaer

FEBRUARY 20, 2025

What is Source to Pay (S2P)? Yet in the case of source to pay, it is wholly justified. That said, many organizations, including large enterprises, may not think in terms of source to pay as an end-to-end process, if they think about it at all. Yet there are good reasons to do so. the public sector).

Sourcing 52

Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

Jaggaer

FEBRUARY 5, 2025

Strategic Sourcing Success: Best Practices and Key Strategies Of course, there are many definition s of source-to-pay but put simply, strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. How Has Strategic Sourcing Evolved?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

Procurement Leaders

NOVEMBER 21, 2023

” Procurement Leaders community advisor, Tim Burt, caught up with Colombo to discuss the importance of responsible sourcing, the central importance of procurement performance to support dsm firmenich’s growth journey, and why he still sees the function as the proving ground for top talent.

Sourcing 130

Sourcing Chief Procurement Officer Sustainability Procurement 130

Spend Matters

OCTOBER 28, 2024

In this Spend Matters Vendor Analysis we provide an overview of Onventis and its solution for source-to-pay (S2P). Source-to-pay solutions allow organizations to streamline how they manage their procurement lifecycle from start to finish. Onventis provides the above but it’s also important to note two other things about Onventis.

Market analysis 107

Market analysis Contract management Sourcing Buyers 107

Procurement Templates

NOVEMBER 21, 2024

Here’s a detailed guide to enhance procurement capabilities across various domains: Strategic Sourcing and Supplier Management Actionable Steps: Analyze Spend Data: Use spend analysis tools to identify areas where costs can be reduced or efficiencies improved. Resources: Online courses on strategic sourcing (e.g., Coursera, Udemy).

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization supply chain software solutions 130

Spend Matters

JANUARY 8, 2025

This Spend Matters Vendor Analysis provides an overview of Zip and its solution for intake, orchestration and source to pay (S2P). As procurement becomes increasingly strategic and digital, intake and orchestration processes require intricate coordination across various departments, tools and data sources.

Market analysis 111

Market analysis Procurement team Sourcing Buyers 111

Jaggaer

FEBRUARY 5, 2025

The Power of Source-to-Pay Digital Transformation To put it briefly, source-to-pay refers to the entire process that starts with finding, negotiating with, and contracting the suppliers of materials, goods and services, and culminates in the final payment for those items. Who Should Prioritize an S2P Digital Transformation?

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

Procurement Templates

DECEMBER 11, 2024

Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Risk Mitigation: Identify and manage procurement risks by ensuring supplier reliability, diversifying sources, and monitoring market trends. Savings can be cashable or non cashable i.e. cost avoidance.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

Spend Matters

DECEMBER 16, 2024

It ensures that organizations have the right materials sourced from the right suppliers at the right time and for the best cost, making tariff management a natural part of these processes. Direct materials management is essential for aligning demand, supply and product objectives throughout the product lifecycle.

Agile and Lean Supply Chain 110

Agile and Lean Supply Chain Management Supply Chain Efficiency Supply Chain Optimization 110

Procurement Leaders

MARCH 17, 2025

This time, a 200% tax on French wine and Champagne is being threatened as a backlash against EU plans to impose significant levies on the importation of American whiskey. There’s just as much risk that this will expand out, but the sources of supply aren’t [sufficient] from a local basis for a lot of that, the CPO continued.

Demand 130

Demand Sourcing Import Supply chain 130

Spend Matters

NOVEMBER 5, 2024

Ongoing training is important for procurement teams to keep up with the constantly evolving and advancing procurement tech and services landscape, specifically in niche areas such as category management, supplier management, negotiation and strategic sourcing and in the broader areas of change management and leadership.

Procurement 110

Procurement Competitive analysis Strategic sourcing Strategic sourcing 110

Procurement Templates

MARCH 3, 2024

I asked my assistant to help me mock up a strategic sourcing framework and she did a fairly good job but made a few mistakes. By the way, when doing sourcing preparations it doesn’t mean that you can’t work on multiple parts at once and go back and forth before the tender is issued but there is a typical order.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Spend Matters

NOVEMBER 19, 2024

He has spent about 20 years in supply chain and procurement, was involved in the sourcing of sustainable cocoa and confection for Unilever’s Ice cream brands and procured premium packaging and chemicals for Unilever’s Beauty and Wellbeing business. Risk mitigation requires strategic thought and conscious choices on sourcing.

Risk 111

Risk Strategy Agile and Lean Supply Chain Supply Chain Optimization 111

Procurement Software

MARCH 2, 2025

Source-to-Pay software is the cornerstone of every procurement tech stack. That’s why it’s so important to get it right. As you will see, many of these Source-to-Pay software solutions straddle either SME and Mid-Market, or Mid-Market and Enterprise. Source-to-Pay software for SMEs: What do we look for?

Sourcing 52

Sourcing Procurement Contract management Price 52

Supply Chain Brain

SEPTEMBER 4, 2024

Nearly half of respondents (47%) believe the primary benefit to having a more diversified supply chain is reducing the risk of disruption from various events such as natural disasters.

Import 105

Import Sourcing Supply chain Risk 105

Spend Matters

OCTOBER 30, 2024

Finding new sources of supply: Securing alternative sources of supply from unaffected suppliers is time-consuming and not without risk. So it is important to consider how this risk might affect the entire supply chain. Secondly, buyers must be able to respond quickly and, importantly, more quickly than their competitors.

Risk 109

Risk Buyers Suppliers Supply chain 109

Spend Matters

MARCH 11, 2024

In this Spend Matters Vendor Analysis we provide an overview of VORTAL and its source-to-pay (S2P) solution. It is especially important for midsize to large public institutions or private sector companies that don’t have the luxury of a large procurement team but still need to manage spend in the most efficient and effective manner.

Procurement solutions 117

Procurement solutions Sourcing Procurement Market analysis 117

Procurement Tactics

MARCH 16, 2023

Additionally, we will talk about the importance and how you can implement strategic procurement. Strategic Sourcing Strategic sourcing assesses the patterns of business spending in order to find and choose the best suppliers that align with your business goals and objectives. Why is it important?

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

Procurement Heads

DECEMBER 7, 2022

I really enjoyed those projects and that led me to more and more projects focused on procurement and then into the procurement and sourcing focussed consulting practices and then into the role that I am in now within industry. The two key functional areas are strategic sourcing and category management.

Strategic sourcing 246

Strategic sourcing Strategic sourcing Vendor management Category management 246

Procurement Insights

MARCH 19, 2025

SOURCE #1 As of March 19, 2025, there is no single, definitive public document that provides detailed, comprehensive proof of ORO Labs successful client implementations with specific metrics, timelines, and outcomes for named clients. SOURCE #2 Yes, there is clear and detailed evidence of successful client implementations by ORO Labs.

Procurement 52

Procurement Import Suppliers Sourcing 52

SCMDOJO

DECEMBER 29, 2024

However, it offers a broad overview of the key concepts and principles of supply chain management that include: Planning Sourcing Production Delivery Returns To understand the entire supply chain ecosystem and its critical role in business success, get your hands on this course right now! Supply Chain KPIs add color to your organization.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain KPIs Supply Chain Efficiency Category management 98

ivalua

FEBRUARY 8, 2023

Why is visibility so important? Digital transformation will lead to the evolution and digitization of key procurement processes, from source-to-pay. Supply chain disruptions are becoming more and more common, so it’s important for businesses to be proactive in mitigating risk. Work to achieve 100% supply chain visibility.

Supply chain resilience 242

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

ivalua

MAY 30, 2023

It is an important part of the decision-making process and requires careful consideration of a wide range of factors, such as cost, quality, reliability, and delivery times. By maximizing resource utilization and implementing careful procurement management, the government can source the best goods and services at the most competitive prices.

Eprocurement 49

Eprocurement Procurement Supply Chain Efficiency Supply chain resilience 49

Procurement Tactics

APRIL 6, 2023

From sustainable sourcing , production, storage, and delivery, it monitors if these processes may cause harm to the environment and society. Importance of Sustainable Supply Chain The nature of the supply chain involves energy-intensive production and transportation as goods are made and moved around the world.

Supply chain analysis 226

Supply chain analysis Sustainability Supply Chain Efficiency Supply Chain Optimization 226

ivalua

JUNE 26, 2023

Vishal Patel and Peter Hunt delivered their session ‘Creating Value with Strategic Sourcing’ to discuss how Procurement professionals are recognizing that the fast-paced digital landscape of today demands new approaches to category management and strategic sourcing. The answer is simple – automation.

Supply Chain Efficiency 244

Supply Chain Efficiency Strategic sourcing Strategic sourcing Procurement 244

Spend Matters

MARCH 27, 2025

Too often, she told us, while these transformations are led by technically proficient teams, they underestimate the importance of properly defining the project from a business perspective from the outset. So before drafting your specifications, its important to ask yourself: will this IT system truly improve and simplify users daily work?

Change management 112

Change management Data Import Project management 112

Spend Matters

OCTOBER 31, 2024

Also, its approach could potentially change how the traditional sourcing process is executed. Threats or challenges ahead It is important to remember that True ValueHub, like the other Future 5s, is a very young and small company.

Buyers 114

Buyers Raw materials Networking Suppliers 114

Procurement Tactics

OCTOBER 18, 2022

Supplier relationship management software is a very important factor for procurement managers to strengthen their relationship with their suppliers. We will also tell you the reason why it is important to manage supplier relations in your business. . Supplier relationships are very important to every organization.

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181