Procurement Leaders

JUNE 20, 2023

Others aim for a steady state approach, gradually embarking on new categories as the function’s influence expands. The maturity of individual categories can also be a function of buyer capabilities and stakeholders’ appreciation of procurement’s value. These areas of spend have historically resisted procurement influence.

Procurement team 147

Procurement team Procurement Influencing Buyers 147

Una

MARCH 16, 2023

Pain Points in Procurement Series How to Build Procurement Influence and Why it Matters How to build procurement influence as a way to stay engaged with other business functions, drive value, and achieve more desirable outcomes. Hi, is that the procurement team? It’s Joe from logistics.

Influencing 105

Influencing Procurement Cost of ownership Supplier relationship management 105

SCMDOJO

OCTOBER 28, 2024

By understanding the S&OP process, procurement teams can make more informed decisions, improve supplier relationships, and support overall business growth. For example, below are 5 reasons why procurement folks should attend S&OP Reviews. Click here to learn more and register today!

Procurement 97

Procurement Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 97

Procurement Heads

FEBRUARY 22, 2023

The Procurement and Vendor Management function is responsible for the entire sourcing lifecycle from source to pay within Zurich. I am part of the central group team and lead on our sustainable sourcing sustainable procurement programme, which aims to embed sustainability in our supply chain.

Sustainability 246

Sustainability Influencing Suppliers Supply chain 246

Spend Matters

JANUARY 7, 2025

For example, finance teams are mostly conscious of ROI, TCO reductions and cost savings metrics, while risk and compliance teams want to see data that demonstrates improved compliance rates and reduced risk exposure. Procurement teams are generally more interested in how the software is used.

supply chain software solutions 114

supply chain software solutions Supply Chain Efficiency Procurement Raw materials 114

ivalua

NOVEMBER 25, 2020

In August 2020 Gartner published this report “4 Tactics Procurement Can Use to Sustain Influence as Economic Conditions Improve” This blog summarizes the key points of the report which you can read in full, here. Procurement Teams Step-up. Help staff sell procurement’s value during recovery.

Chief Procurement Officer 130

Chief Procurement Officer Agile and Lean Supply Chain Procurement Supply Chain Efficiency 130

Spend Matters

FEBRUARY 4, 2025

Procurement is no longer just a back-office function. Its evolved into a strategic part of an organization that directly influences the bottom line. By managing costs earlier, negotiating better supplier terms, and ensuring the best value for money, procurement has become a critical driver of long-term financial performance.

Procurement 101

Procurement Purchasing Negotiation Buying process 101

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

Procurement Heads

MARCH 27, 2023

It is still the most challenging piece of procurement that I’ve ever been involved with, but I really enjoyed the work and after that I started applying for permanent procurement roles. What are the roles and responsibilities the procurement function holds within Futures Housing Group?

Sustainability 246

Sustainability Agile and Lean Supply Chain Influencing Contract 246

Procurement Templates

DECEMBER 11, 2024

Sustainability and Compliance: Ensure procurement activities align with environmental, social, and governance (ESG) standards and regulatory compliance. If you want to do your own research start with what is procurement The post What About Procurement Objectives?

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

Spend Matters

JULY 11, 2024

Over 50% of organizations have automated their procurement processes, with around 35% using AI in procurement — an impressive increase from 29% in 2020. This evolution enables procurement teams to make superior decisions, initiate more events and cover broader ground without additional resources.

Procurement 120

Procurement Procurement team Suppliers Influencing 120

World of Procurement blog

MAY 10, 2024

The Promise of AI for Procurement Teams Artificial intelligence (AI) has the potential to transform and revolutionize procurement processes. By combining spend visibility with insights from AI, procurement teams are better equipped to implement category-specific cost savings initiatives.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Procurement Tactics

JULY 23, 2023

His ideas greatly influenced the development of Kaizen. For example, the procurement team looks at their office supplies and finds some outdated technology accessories and too many stationery items that they rarely use. Another important aspect of Kaizen in procurement is the development of strong supplier relationships.

Agile and Lean Supply Chain 196

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

Supply Chain Game Changer

JANUARY 30, 2019

Procurement bridges the gap between product, internal stakeholders and customers. In order to support the weight of internal and external expectations, Procurement teams must be prepared to perform as a key value adder within an organization. Article, and permission to publish here, provided by Sam Jenks at [link].

Procurement team 56

Procurement team Procurement Sustainability Suppliers 56

Procurement Templates

APRIL 15, 2024

Imagine starting a new procurement role where you have a real chance of making changes and influencing the procurement direction. Communicate Vision: Share the vision and objectives with the procurement team and stakeholders to gain buy-in and alignment.

Procurement team 130

Procurement team Contract management Innovation Contract 130

Spend Matters

OCTOBER 22, 2024

In today’s fast-paced business environment, procurement teams are often trapped in reactive cycles, limited from providing strategic foresight. A key solution is embracing digitalization, specifically by integrating orchestration, automation and artificial intelligence (AI) into procurement processes.

Procurement 109

Procurement Procurement team Supply Chain Efficiency Sourcing 109

Procurement Insights

MARCH 17, 2025

Core Offering : Tracks commodity prices, production costs, and market trends to arm procurement teams with data for better supplier negotiations. Founded : Established in 2000, with a long-standing presence in procurement. nnamu : Targets mature procurement teams ready for AI-driven automation (e.g.,

Negotiation 52

Negotiation Procurement team Real-time Visibility Cost of ownership 52

ivalua

NOVEMBER 12, 2019

The Future of Sourcing Awards program, which took place Wednesday, October 16, 2019 , recognized companies and individuals that are transforming, innovating and leading the sourcing, procurement and outsourcing industry. Winners were selected by an independent panel of industry leaders and influencers. ” About Iv alua.

Sourcing 150

Sourcing Chief Procurement Officer Procurement Innovation 150

Procurement Leaders

SEPTEMBER 9, 2024

With many procurement teams working to develop outstanding supplier diversity schemes that help create a more inclusive and equitable world, the awards are an important opportunity to celebrate the power businesses have to make a difference.

Strategy 130

Strategy Chief Procurement Officer Supply Chain Efficiency Supply chain 130

Arkestro

FEBRUARY 26, 2025

With our core patented three science technology, we empower procurement teams to accelerate savings and drive faster, data-driven decisions for a fast-moving industry. I am excited that still today, they have maintained its legacy of innovation with Arkestro’s platform. cost reduction across all spend types.

Agile and Lean Supply Chain 52

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

Procurement Insights

MARCH 6, 2025

Its a time-saver for procurement teams or C-level execs needing a starting point. Trusted Benchmark What: Gartners reputation as a leading IT research firm lends credibility to the MQ, influencing buying decisions across enterprises. Why Its Good: This visual snapshot quickly educates users about key players in a market (e.g.,

Sourcing 52

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

Procurement Insights

MARCH 25, 2025

blog (Web ID: 18) implies low response rates are a common challenge, with procurement teams often struggling to get adequate replies, suggesting a baseline below 50%. Factors Influencing Costs Proposal Complexity : More complex proposals require more time, expertise, and resources. For example, a Responsive.io

Real-time Visibility 52

Real-time Visibility Supplier capacity Bidding Suppliers 52

Arkestro

OCTOBER 10, 2024

Founded in 1991, SIG provides thought leadership, networking, and training opportunities to executives in sourcing, procurement, and outsourcing from Fortune 500 and Global 1000 companies. In 2023, SIG appointed Arkestro founder and CSO Edmund Zagorin as a member of the SIG Advisory Board.

Procurement team 52

Procurement team Innovation Procurement Bidding 52

Procurement Software

JANUARY 26, 2025

Once we have this, CPOs or Heads of Procurement can wield more influence in strategic decision-making. Do not be surprised to see even best-in-class procurement teams look substantially different in 2030. Failure to break out of just being a reactive and tactical department will ultimately decimate procurement teams.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Category management 52

Procurement Heads

FEBRUARY 24, 2023

While certain aspects of procurement are perpetual challenges that always reoccur periodically or cyclically, there have been many changes over the past 10 to 15 years. I feel the scope of procurement has expanded significantly and the ability of procurement teams to more profoundly impact and influence the wider organisation has intensified.

Chief Procurement Officer 130

Chief Procurement Officer Procurement team Procurement Influencing 130

Supply Chain Game Changer

NOVEMBER 8, 2022

Regardless, one of the functions that plays a preeminent role in terms of influencing time to market is Supply Chain. That is the job of the Procurement team. In still other cases it will influence offshoring vs onshoring sourcing decisions. What other ways do you see where Supply Chain impacts time to market?

Supply Chain Efficiency 114

Supply Chain Efficiency Supply chain Supply Order Fulfillment 114

SCMDOJO

APRIL 3, 2022

The following are five reasons why eAuctions help your procurement team save money as eAuctions have certain benefits and characteristics that come along with them, and they are: . Procurement price reductions can have a major influence on a business bottom line.

Supply Chain Efficiency 141

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 141

Procurement Insights

MARCH 16, 2025

Improved Outcome: Procurement teams get context-aware supplier suggestions , reducing risk and improving supplier relationships. ABM, in turn, enhances MCP by modeling how autonomous procurement agents behave in complex ecosystems, creating a predictive framework for procurement professionals. In summary, while Jon W.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

Procurement Heads

OCTOBER 26, 2022

How would they work with the wider procurement team? What are your team and organisation doing with regard to sustainable procurement? Who has had the most influence on your procurement career and why? What advice would you give someone who is embarking on a procurement career?

Supply Chain Efficiency 246

Supply Chain Efficiency Supply chain Sustainability Suppliers 246

ivalua

OCTOBER 8, 2021

During the pandemic, Procurement flexed its muscle, helping to mitigate supply chain disruptions and enable new channels for engaging with customers and fulfilling orders. Here are four ways leading Procurement organizations can influence retail recovery in 2021 and beyond: 1. About half of U.S.

Procurement 130

Procurement Supply Chain Optimization Procurement team Purchasing 130

Procurement Leaders

AUGUST 25, 2023

Advancing strategic procurement Reflecting the broad range of areas in which CPOs and their teams are being asked to produce results, leaders highlighted cost savings as their top strategic priority for 2024, closely followed by supply resilience and sustainability.

Procurement 130

Procurement Strategic planning Influencing Procurement team 130

Procurement Leaders

MAY 30, 2022

However, this posed a challenge for CBRE’s Global Workplace Solutions (GWS) UK procurement team, because of its decentralised nature. That means that, unlike with a centralised structure, it can be more challenging to directly influence sourcing decisions and ensure they are maximising the opportunity to incorporate diverse suppliers.

Suppliers 130

Suppliers Influencing Procurement team Procurement 130

Procurement Tactics

JULY 4, 2023

For instance, in the case of raw materials, identify factors such as market demand, availability, transportation cost, and market fluctuations as this can significantly influence the prices for each material. This will indicate the influence of each raw material on the overall cost.

Raw materials 209

Raw materials supply chain software solutions supply chain budgeting Price 209

ivalua

JUNE 6, 2019

He gave a keynote presentation about his company’s procurement and supply chain transformation journey – one that is still underway. Direct spend suppliers are large, global, and absolutely critical to the company’s operations and their competitive advantage.

Suppliers 100

Suppliers Supplier consolidation Supply Chain Efficiency Data 100

Arkestro

MARCH 5, 2025

Arkestro is well-positioned to lead the industry’s future with this game changing technology, as I’ve seen first-hand the difference Arkestro’s platform makes on procurement teams.” the market’s leading Energy Industry Investment Bank.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Leadership Procurement team Supply Chain Efficiency 52

Procurement Insights

MARCH 23, 2025

“ The Forgotten Three A successful ProcureTech implementation can significantly influence product quality, supplier delivery performance, and full-time equivalents (FTEs) in indirect procurement by enhancing efficiency, visibility, and collaboration across the supply chain. Qualitative Effect: Staff shift to strategic roles (e.g.,

Real-time Visibility 52

Real-time Visibility Quality Supply Chain Efficiency Suppliers 52

Arkestro

JANUARY 18, 2023

Predictive Procurement: A Strategic Shift for Chemical Manufacturing With predictive procurement, teams can predict outcomes with confidence. The behavioral uncertainty of a supplier can be a massive challenge for procurement teams. They can be proactive in their supplier management instead of reactive.

Raw materials 94

Raw materials Procurement supply chain budgeting Supply Chain Efficiency 94