Spend Matters

DECEMBER 23, 2024

On regulatory compliance, data protection regulations such as GDPR continue to influence procuretech investment. How customers justify procuretech investment to stakeholders Cost savings and efficiency: Direct savings and operational efficiency metrics resonate strongly with financial stakeholders.

Procurement 115

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supplier consolidation 115

SCMDOJO

DECEMBER 29, 2024

Mastering Procurement – Essentials Skills and Competencies Mastering Procurement by Maryna Trepova is the ultimate Procurement and Purchase Management course for Engineers, Entrepreneurs, Managers, and Students. Beyond her professional endeavors, Fatima is a recognized social media influencer.

Supply Chain Optimization 98

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

Una

MAY 23, 2023

Group Purchasing and Indirect Spend: A Fairy-tale Romance A unique take on the relationship between group purchasing and indirect spend and how the two work together to drive cost savings and value. Once upon a time, in the bustling World of Procurement, there existed a charming knight known as Group Purchasing.

Purchasing 97

Purchasing Supply Chain Efficiency Supply Chain Optimization Procurement 97

SCMDOJO

DECEMBER 29, 2024

Key takeaways Importance of Procurement Procurement vs. Purchasing Key Functions Departmental Structure Role Descriptions The blog emphasizes the significance of a well-structured procurement department with qualified personnel to achieve organizational objectives. Read In Detail About Procurement Department Here 2. and sustainability.

Supply Chain Efficiency 95

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 95

SCMDOJO

JULY 30, 2024

But have you ever considered how financial products like car title loans influence retail supply chains? Car title loans can help retailers purchase inventory in bulk, which often comes with discounts. This increase in disposable income can boost retail sales, as consumers are more likely to indulge in non-essential purchases.

Retail Supply Chain 98

Retail Supply Chain Influencing Supply Chain Efficiency Supply chain 98

Spend Matters

DECEMBER 11, 2024

Within this framework, tariff management plays a key role in shaping sourcing decisions and influencing the cost and availability of direct materials. Achieving this requires a seamless integration of demand, supply and product requirements that begins in the design phase and continues throughout the whole product lifecycle.

Supply Chain Optimization 106

Supply Chain Optimization Management Supply chain resilience Supply Chain Efficiency 106

Spend Matters

OCTOBER 25, 2022

Categories: Procurement Strategy & Planning , Purchasing , Technology Tags: procurement strategy and planning , SaaS It’s time procurement caught up with the fourth industrial revolution. Kind of quaint, isn’t it? It’s the world of the great railroad tycoons Cornelius Vanderbilt and James J.

Purchasing 98

Purchasing Procurement strategies Influencing Budget 98

Spend Matters

OCTOBER 31, 2024

What is True ValueHub True ValueHub’s solution is an AI and cloud-based software that helps manufacturing companies achieve cost savings on purchased parts and assemblies in mechanical, electro-mechanical and electronics categories. Read also our interview: An Introduction to True ValueHub.

Buyers 110

Buyers Raw materials Networking Suppliers 110

Procurement Templates

NOVEMBER 21, 2024

Analyze Total Cost of Ownership (TCO): Incorporate factors like lifecycle costs, maintenance, and disposal into purchasing decisions. SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g., Master Budgeting: Practice building and managing procurement budgets aligned with organizational goals.

Agile and Lean Supply Chain 130

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

Procurement Tactics

MARCH 14, 2023

The La Nina weather pattern influence in 2022 influences the top orange juice-producing countries. Ultimately, this purchasing attitude shapes the shifting demand and prices of orange juice in the market. Here are the top factors: 1. This trend continues today and therefore drives the price in the market.

Price 207

Price Influencing Demand Purchasing 207

Una

NOVEMBER 29, 2022

Tim is the CEO and Co-Founder of DLA Ignite as well as the Author of Social Selling: Techniques to Influence Buyers and Changemakers. Social Selling: Techniques to Influence Buyers and Changemakers. Do you have questions about group purchasing? In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Tim Hughes.

Procurement 133

Procurement Influencing Buyers Purchasing 133

SCMDOJO

NOVEMBER 20, 2024

The MOQ strategy helps free up capital; however, it also helps minimize loss by reducing the amount of inventory they need to purchase at once. About the Author – Fatima Salman Fatima Salman is a dynamic content writer and social media influencer with a knack for crafting compelling narratives that engage and inspire.

Inventory 98

Inventory Supply Chain Optimization Supply Chain Efficiency Real-time Visibility 98

Procurement Tactics

MARCH 17, 2023

Despite sanctions and banning the import and purchasing from the G7 countries, Urals oil prices maintain their stand in the market. An increase in demand and low supply highly influences its price to spike and an abundant supply and normal demand will cause its price to decrease. Here are the top reasons for its price fluctuations: 1.

Price 166

Price Export Demand Purchasing 166

Spend Matters

JANUARY 23, 2025

This is a cost to the organization on top of the hard cost required to evaluate, purchase and operationalize an accurate, vetted dataset for the many categories a typical company might be buying. However, few companies can replicate this approach due to limited resources and market power.

Price 96

Price Negotiation supply chain software solutions Supply Chain Optimization 96

Positive Purchasing

NOVEMBER 27, 2023

The Public Procurement and Purchasing Innovations Conference is the must-attend event for those steering, developing, and optimizing public services. Public Sector: The Future Starts Here Kick-start 2024 with the year’s largest public sector gathering!

Innovation 64

Innovation Purchasing Procurement Negotiation 64

Procurement Templates

APRIL 15, 2024

Though the regulations are set there they can govern any type of purchase with lots off different operating factors, there each procurement manager to a certain extent will apply their own views including their training (when I say training the organisations where they worked previously) and their own interpretations.

Influencing 130

Influencing Negotiation Risk Innovation 130

Procurement Insights

DECEMBER 3, 2024

Reference to Triple Bottom Line post Consumer decision-making regarding ESG (Environmental, Social, and Governance) goals is influenced by several concerns, which can either encourage or hinder their commitment to purchasing products and services that align with ESG principles. Reference to Scoutbee buycott versus boycott post.

Chief Procurement Officer 58

Chief Procurement Officer Supply Chain Efficiency Influencing Supply chain resilience 58

Procurement Tactics

APRIL 13, 2023

We can also monitor and check if our purchases have any negative impact on the planet. Energy and climate-conscious purchasing By purchasing consciously, the business can contribute to energy savings, reduce carbon emissions, and switch to sustainable energy resources. Why is Environmental Sustainability Important?

Sustainability 195

Sustainability Raw materials Procurement strategies Negotiation 195

Procurement Tactics

APRIL 6, 2023

Sustainable Supply Chain Analysis Supply chain transparency leads to the optimization of processes in the chain and thus has a positive influence on the value for customers and the competitive strength of an organization. For each item, you must determine where it is manufactured and which suppliers you utilize.

Supply chain analysis 226

Supply chain analysis Sustainability Supply Chain Efficiency Supply Chain Optimization 226

Procurement Insights

FEBRUARY 28, 2025

The Importance of Commodity Characteristic Analyses Over 14 years (11 years from identifying the existence of Historic Flat Line and Dynamic Flux characteristics), we have monitored commodity characteristics to properly align the purchasing processes organizations use to procure goods (and services). Department of Defense.

Price 78

Price Procurement Influencing Procurement strategies 78

Procurement Tactics

JUNE 26, 2023

Influencers and reality shows such as movies and music videos influence the population’s buying attitude towards fashion goods. You can see it in the runway and galas elegantly hanging on celebrities and influencers necks elevating their outfits. However, digital media promotion can make up for this gap.

Suppliers 146

Suppliers Price Negotiation Purchasing 146

Supply Chain Game Changer

JUNE 8, 2022

Influencer marketing. Influencer marketing has rapidly become the go-to online marketing style. You can leverage the power of social media influencers to reach your target audience more efficiently. With that being said, let’s look at how to get your target audience and establish customer loyalty.

Influencing 116

Influencing Supply Chain Efficiency Purchasing Supply chain 116

Skill Dynamics

DECEMBER 18, 2024

Bribery and kickbacks involve the making of payments to try and influence procurement decisions, often resulting in biased choices that likely prioritize individual personal gain over the interests of the wider organization. Inconsistencies between purchase orders and invoices are another thing to watch for.

Risk 52

Risk Strategy Supply Chain Efficiency Procurement 52

Spend Matters

FEBRUARY 10, 2025

Here we look at Why change is difficult: the current state of things (State 1) and what the transformed state could be (State 2), and the two types of influence that hinder a clear assessment of these two states. We look at How to work through change: the importance of change management.

Procurement 63

Procurement Change management Influencing Innovation 63

Positive Purchasing

NOVEMBER 9, 2023

In my book Category Management in Purchasing , I lay out the 5i® Category Management process in detail. Get buy-in everywhere – get key stakeholders and influencers on board early and nurture them with information and good news stories. However, eventually achieving true enterprise-wide change will require so much more.

Sustainability 111

Sustainability Category management supply chain budgeting Influencing 111

Positive Purchasing

MAY 3, 2024

Category Management in Purchasing , now in its 5th edition, is a comprehensive and practical guide to approaching purchasing and procurement strategically, effectively, and sustainably through category management. The tech revolution and influence of AI on our profession is a game-changer.

Category management 52

Category management Purchasing Supplier relationship management Management 52

Procurement Tactics

MARCH 20, 2023

Economic Growth A country’s purchasing power stems from its economic performance. Furthermore, supply and demand also influence its price. Natural gas prices move along with their seasonal demand however it still shows value fluctuation outside their high-demand peak. Here are the top reasons: 1.

Price 187

Price Demand Influencing Sourcing 187

Procurement Tactics

APRIL 24, 2023

Thus, they help achieve sustainability by reducing your purchasing impacts through your supply chain and procurement. Because of their purchasing power, retailers have a great amount of influence over the commercial decisions made by their suppliers. Suppliers play an essential role in sustainability.

Sustainability 182

Sustainability Suppliers Supply Chain Efficiency Procurement strategies 182

SCMDOJO

MAY 20, 2024

This article reviews how traditional internet technologies have influenced today’s supply chain solutions. Modern influences on supply chains today include more product visibility, better customer understanding, and fast shipment speeds.

Supply Chain Efficiency 95

Supply Chain Efficiency Supply chain Supply chain management Supply chain management 95

Spend Matters

OCTOBER 21, 2024

This integration allows buyers to start purchasing on Amazon Business and punch into SAP Ariba for checkout, improving compliance and reducing rogue spend. A PunchOut with Oracle NetSuite SuiteProcurement to enhance purchasing workflows by allowing Amazon Business to integrate directly with Oracle NetSuite’s procurement system.

Purchasing 107

Purchasing Inventory Supply Chain Optimization Buyers 107

Positive Purchasing

DECEMBER 11, 2024

Strong, positive relationships can give you an edge in negotiations because they can influence outcomes favourably. They shape perceptions and influence the actions of others, often subconsciously. Written by Jonathan OBrien , leading negotiation expert and CEO of Red Sheet Negotiation and Positive Purchasing Ltd.

Negotiation 52

Negotiation Sourcing Influencing Price 52

Procurement Leaders

AUGUST 15, 2022

Neither is there any doubt that the role and influence of business leaders will continue to grow over the coming decade as we grapple with the types of challenges listed above. To get there will require strong vision, the power of upwards influence and the ability to bring others along for the ride.

Influencing 130

Influencing Networking Demand Procurement 130

Procurement Tactics

SEPTEMBER 16, 2022

If so, how can it influence the procurement policy? In building an action plan, you must evaluate each purchasing category based on the defined criteria and classify your purchasing strategies. Redesign your purchasing process. Sustainable purchasing means evaluating your products and practices in an innovative way.

Sustainability 130

Sustainability Procurement Supply Chain Efficiency Purchasing 130

Supply Chain Game Changer

MARCH 9, 2022

Below we cover what each of these types of procurement is and the different technologies that influence both types of procurement processes. In general, project-based procurement is the process of purchasing materials for a specific project over a predetermined period of time. Project-Based Procurement.

Procurement 108

Procurement Supply Chain Efficiency Supply Chain Optimization supply chain budgeting 108

Procurement Tactics

AUGUST 29, 2022

Robert Cialdini spent his career researching the science of influence, earning him an international reputation as an expert in the fields of compliance, persuasion, and negotiation. . He is also the author of the bestselling book, “Influence: The Psychology of Persuasion”, which is one of the 12 best business books of all time.

Negotiation 130

Negotiation Influencing Strategy Leadership 130

SCMDOJO

APRIL 3, 2022

eAuctions are online real-time dynamic discussions between one purchasing organization and a group of pre-qualified vendors competing for the purchaser’s trade. Procurement price reductions can have a major influence on a business bottom line. It’s time for the Auctioneer to take the stage!

Supply Chain Efficiency 141

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 141

Supply Chain Game Changer

SEPTEMBER 1, 2022

Yes, the social media marketplace is a major step and not only are platforms like Facebook marketplace and Twitter used to share product reviews and create hype around the brand, but influencers can now use any platforms that your clients and customers use to build your brand and encourage others to join the bandwagon. Social influencers.

Influencing 95

Influencing Supply chain Purchasing Supply 95