Jaggaer

SEPTEMBER 8, 2020

JAGGAER understands the traditional roadblocks to spend management and how important it is to gain insight into operational ineffectiveness in order to improve your sourcing success. Office supplies, marketing travel, legal, direct and indirect spend should all be categorized appropriately. Step One: Identify. Step Six: Analyze.

Eprocurement 123

Eprocurement Buyers Purchasing Contract 123

Spend Matters

MARCH 11, 2025

While the imposition of import/export tariffs on goods is nothing new, the recent spate of quid pro quo mandates is increasing complexity and uncertainty for organizations trying to navigate their impact on supply chains.

Supply Chain Optimization 76

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 76

Spend Matters

SEPTEMBER 26, 2024

Our In-Depth Guide to Risk Management Solutions outlines the main market players, how these solutions fit into the S2P process, their common features and top capabilities, why and when to recognize the need for them and how to select the right solution for your organization.

Risk management 117

Risk management Risk Management Procurement 117

Spend Matters

MARCH 27, 2024

At Spend Matters, chief research officer and managing director, Pierre Mitchell, echoes that: “For procurement, Gen AI, and the technology around it, is basically a supply market like any other where the technology is used in concert with other supply markets. It gives you lots of data points and feedback opportunity.

Procurement 112

Procurement Negotiation Supply Chain Efficiency Supply Chain Optimization 112

SCMDOJO

APRIL 26, 2023

Category Management as a Strategic Procurement Function Relationship Between Category Management and Strategic Supplier Relationship Management Importance and Benefits of Category Management Best Practices What are the Challenges of Category Management implementation? Category Management Software What is Category Management in Procurement?

Category management 108

Category management Management Supplier relationship management supply chain software solutions 108

ivalua

MARCH 9, 2023

preferred terms are negotiated in sourcing but only captured if purchased against) Invoicing: The most important part of the process for the supplier–getting paid. The Benefits of Source-to-Pay The market for S2P has evolved significantly in recent years, becoming an essential component of procurement strategy for most companies.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

Procurement Leaders

MARCH 26, 2024

To fully benefit from the innovation potential of a supplier network, buyers should ensure following conditions are in place: Strong competences in supplier / supply market scouting of the innovation potential,to bring innovative solutions from the supply base to the business.

Suppliers 130

Suppliers Product development Supply Chain Efficiency supply chain budgeting 130

ivalua

JANUARY 31, 2022

CPO’s and CFO’s will join forces to combat inflation and supply risk, supply assurance will be perceived as more important than price, convenience and customer service gaining significant popularity, and vigilance against commodity and supply market manipulation will be critical. #3.

Procurement 130

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

Una

MARCH 30, 2023

This situation demonstrates the importance of driving change from the top – progressive procurement teams will always find themselves swimming against the tide unless they can first convince the C-suite of their potential to bring new types of value to the organization. What should we focus on beyond cost? Great question!

Procurement 104

Procurement Supply Chain Efficiency Procurement team Sustainability 104

Procurement Heads

DECEMBER 16, 2022

I would tell someone not to think it is just a process, not to just worry about the technical skills, yes, they are important to learn about supply markets and about good practice and contracting, but in the end, it is a people business and with all of that you need to apply it. What inspires you as a procurement leader?

Contract 130

Contract Procurement Sustainability Purchasing 130

Procurement Heads

APRIL 26, 2023

Therefore, we need to ensure that we have a competitive supply chain, obviously, but more importantly that we drive a safe and sustainable supply chain. The function is split between business-facing, supply-facing, and enabling teams. We manage billions of dollars worth of spend.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Procurement Heads

APRIL 26, 2023

Therefore, we need to ensure that we have a competitive supply chain, obviously, but more importantly that we drive a safe and sustainable supply chain. The function is split between business-facing, supply-facing, and enabling teams. We manage billions of dollars worth of spend.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Procurement Express

JULY 12, 2022

But to get the most out of your procurement software, you must equip your staff with the necessary knowledge and skills.

Procurement 52

Procurement Supply market Suppliers Import 52

ivalua

MAY 18, 2022

To top it all off, extremely tight supply markets have further shifted negotiating leverage from buyers to suppliers. Effectively managing suppliers is now one of the most important factors in organizational success. Yet, too few businesses do so well.

Suppliers 130

Suppliers Management Supply Chain Efficiency Collaboration 130

Jaggaer

OCTOBER 24, 2024

Decision-makers must plan supply chain resilience strategies for a wide range of risk scenarios. These include crises such as the 2020 pandemic as well as structural changes in supply markets like the effect of domestic electric vehicle (EV) loans and subsidies on critical metals availability.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Future Purchasing

OCTOBER 4, 2022

The importance of strategic alignment. Procurement teams clearly appreciate why strategic alignment planning activity is such an important activity. Supply Market Analysis : Segment the supply market and understand how current and potential suppliers serve current categories and emerging requirements.

Category management 52

Category management Collaboration Real-time Visibility Management 52

Una

NOVEMBER 7, 2022

Research from OECD found that companies “get their most significant ideas for innovative products, services, and processes from outside the business” – with one of the most important outside sources being your supply base. Here are six ways for procurement to help drive innovation into the organization. Run innovation workshops.

Innovation 93

Innovation Procurement Suppliers Purchasing 93

Supply Chain Opz

APRIL 16, 2015

Agile supply chain consists of 4 main elements, namely, Responsiveness, Competency, Flexibility and Quickness.

Agile and Lean Supply Chain 86

Agile and Lean Supply Chain Supply chain Raw materials Supply 86

Supply Chain Game Changer

NOVEMBER 13, 2018

Drive a thorough understanding of both the supply market and internal company requirements. Indeed, the AEP finds that the importance of value creation in procurement is growing twice as fast as the importance of cost reduction. Developing in-depth understanding for knowledge based buying.

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

Market Dojo

DECEMBER 15, 2017

Even though one spend area may be worth £100m per annum, it is important to establish how much of this spend can actually be influenced by procurement. 2) Key cost drivers: with any spend category, it is important to have at least a basic understanding of what influences the underlying costs. Energy is a classic example.

Influencing 52

Influencing Raw materials Negotiation Contract 52

Procurement Leaders

JUNE 13, 2022

It is the largest infrastructure project in Europe and the most important economic and social regeneration project in decades. was set up by the UK Government to design and construct the railway and is responsible for procuring and coordinating a supply chain of designers and contractors to deliver billions of pounds worth of contracts.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply chain Supply Contract 130

Supply Chain Game Changer

SEPTEMBER 13, 2022

The electrical supplies markets, with their global dependencies, were hit hard. As a contractor, you will need innovative strategies to navigate the resulting supply chain challenges. The Ukraine war shocked global energy markets just when the U.S. To date, consumer demand remains strong.

Price 85

Price Supply chain Supply Raw materials 85

Barkers Procurement

JUNE 8, 2023

Cleanse data Cleaning the data is an important next step so that you have accurate data and can make effective decisions based on it. Categorise office supplies, marketing, travel, legal, direct and indirect expenditures so you can form a category strategy and make some savings. Standardise your data.

Procurement 52

Procurement Data Suppliers Purchasing 52

Procurify

JULY 20, 2022

Now is a crucial time to re-evaluate the importance of purchasing in the overall organization strategy. Although this is still an important part of their job, strictly working with low-cost suppliers isn’t always the best way to manage spending. Companies that adapt to supply chain volatility can swim against the tide. .

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 52

Procurement Express

FEBRUARY 28, 2022

One of the things we’ve learned is the importance of choosing the right supplier, and a key aspect of that decision is knowing what kind of request you need to make. A request for information, or RFI, is used to get a better handle on the supply market. The main difference between them is what type of information you’ll receive.

Price 52

Price Suppliers Buying process Contract 52

Jaggaer

MARCH 23, 2020

While augmented analytics reduces the need to know how the technology works, what is missing is access to the technology and an appreciation of why it should be used, i.e. the benefits it can bring, such as identifying supply market trends ahead of the competition. Here we are throwing another buzzword at you. Let’s step back first.

Procurement 78

Procurement Data Sourcing supply chain software solutions 78

Sourcing and Supply Chain

JUNE 24, 2021

We identified five important key drivers which are Demand, Supply, Market Price, Economy or regulations, and other miscellaneous factors. Further, zinc is also utilized in many other use cases, so end-usage pattern understanding is also an important criterion to look at while you want to see the scenario in totality.

Category management 52

Category management Management Procurement Market analysis 52

Supply Chain Game Changer

NOVEMBER 24, 2018

Importantly, and distinct from “purchasing”, procurement involves the activities involved in establishing fundamental requirements, sourcing activities such as market research and vendor evaluation and negotiation of contracts. For those who are in the field I think it is important to get as broad experience as you can.

Purchasing 62

Purchasing Procurement Purchase orders Supply Chain Optimization 62

Positive Purchasing

MAY 19, 2022

There is a tremendous opportunity to digitize and automate most, if not all, data collection: external supply market insights, internal data, perspectives from stakeholders, and other intelligence. Automating category management. All that insight is great, but what are you going to do with it?

Category management 52

Category management Management Procurement Strategy 52

HICX

AUGUST 4, 2022

We took the opportunity at World Procurement Congress 2022 to ask leading practitioners and supplier experience experts for their thoughts on what this means for how we work with suppliers and the importance of understanding the suppliers’ perspective. Consumer pressure and the importance of protecting the brand.

Suppliers 52

Suppliers e2e Real-time Visibility Collaboration 52

Una

JUNE 8, 2023

Also known as the Purchasing Portfolio Matrix, the Kraljic Matrix helps companies understand the importance and impact of different products or services they purchase and develop appropriate procurement strategies. Top left] Leverage items: These items have a high profit impact and a low supply risk.

Suppliers 52

Suppliers Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 52

SCMDOJO

FEBRUARY 13, 2023

To get the most out of any procurement team, all the associated key roles need to be filled with qualified individuals that understand both technology and the principles of supply chain management. Strategic sourcing: Procurement performs a market analysis to identify potential sources of supply and support the organization’s needs.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

Claritum

FEBRUARY 24, 2020

Planning the procurement project, including project risk assessments and assessment of the relative importance of the project to the business. Supplier and Market research. It is by no means less important; however, it is more difficult to achieve substantive gains given the short duration of the engagement.

Procurement 41

Procurement Purchasing Suppliers Sourcing 41

Supply Chain Opz

MAY 28, 2013

Even though the NPD initiative is often viewed as a marketing thing, in the reality, every company relies on the innovation from its suppliers and supply chain professionals are important part of it. Please note that the market studies can also mean "supply market" so supply side information is also useful.

Agile and Lean Supply Chain 45

Agile and Lean Supply Chain supply chain software solutions Supply chain Supply 45

Jaggaer

JULY 23, 2019

More than virtually any other sector, sourcing and supplier management in the fashion industry have been exposed to intense scrutiny in recent years, while the functions have become of increasingly strategic importance to business success. This is not easy given the current volatility in supply markets.

Suppliers 40

Suppliers Sourcing Management Supply Chain Efficiency 40

Zycus Cognitive Procurement

JANUARY 12, 2021

Collaborative sourcing is not devaluing traditional sourcing approaches but the embedding of more robust category strategies, more penetrating views of supply markets to enable stronger supplier relationships. When sourcing leaders, procurement professionals, and suppliers come together, they make sourcing collaborative.

Contract 52

Contract Sourcing Chief Procurement Officer Contract management 52

Claritum

MARCH 10, 2020

It is by no means less important; however, it is more difficult to achieve substantive gains given the short duration of the engagement. Emphasis is over the long term and across all aspects of the lifecycle of purchased goods and services. Sustainability is focused on the project impact. Sustainability.

Procurement 41

Procurement Supply Chain Efficiency Purchasing Category management 41