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. Workshops on negotiation and supplier relationship management.

Agile and Lean Supply Chain 130

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

Procurement Templates

DECEMBER 11, 2024

Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Supplier Relationship Management: Build and maintain strong supplier partnerships to ensure long-term business value. Savings can be cashable or non cashable i.e. cost avoidance.

Procurement 130

Procurement Supply Chain Efficiency Cost of ownership supply chain budgeting 130

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. The problem lies with a lack of influence. Why do so many companies lack procurement influence?

Influencing 105

Influencing Procurement Cost of ownership Supplier relationship management 105

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

DECEMBER 23, 2024

Metrics around supplier consolidation and spend concentration are also common. Customers use Onventis to consolidate suppliers and negotiate better terms. Customers emphasize how procurement technology safeguards against non-compliance penalties and helps maintain preferred supplier standards.

Procurement 115

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

Spend Matters

OCTOBER 31, 2024

A network approach where suppliers maintain rich information on their cost structures (SG&A, machine rates, etc.) Instead of using RFXs, buyers and suppliers could benefit from the cost modeling and calculation capabilities to define and optimize prices of parts and products. to provide deep and accurate insights and auto-costing.

Buyers 110

Buyers Raw materials Networking Suppliers 110

Procurement Tactics

JUNE 26, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Top 10 US Dropshipping Suppliers — Pricing & Reviews The US dropshipping market reached an estimated amount of $15.64 Top 10 US Dropshipping Suppliers Study Procurement Study Negotiations 1.

Price 195

Price Suppliers Negotiation Real-time Visibility 195

ProcurePort

MAY 19, 2021

Any marketplace is going to be influenced by the dynamic that develops between buyers and suppliers. In procurement, the practice of maintaining vendor relationships is known as supplier management. Supplier management is arguably one of […]. Supplier management is arguably one of […].

Suppliers 130

Suppliers Vendor relationships Management Influencing 130

Procurement Heads

FEBRUARY 22, 2023

My primary challenge is ensuring that our suppliers and colleagues within procurement are engaged with our sustainability programme and are playing their part to support the company’s broader sustainability ambitions. Procurement as a function is uniquely positioned to influence how a company spends its money.

Sustainability 246

Sustainability Influencing Suppliers Supply chain 246

Jaggaer

OCTOBER 24, 2024

Building Stronger Relationship s : Effective Approaches to Multi-Tier Supplier Collaboration A chain is only as strong as its weakest link—but what if you can’t evaluate the entire chain? Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

Procurement Tactics

JUNE 26, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Top 10 US Wholesale Jewelry Suppliers — Pricing & Reviews According to IBISWorld, the US wholesale jewelry market declines by 2.7% Now, it’s time to choose wholesale jewelry suppliers.

Suppliers 146

Suppliers Price Negotiation Purchasing 146

Let's Talk Supply Chain

FEBRUARY 20, 2025

By leveraging a robust network of suppliers and implementing contingency plans, GM aims to adapt to changing tariff landscapes effectively. Key strategies employed by GM include: Diversification: Establishing relationships with suppliers in different regions to reduce reliance on any single market.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Supply chain resilience Supply Chain Efficiency Supply Chain Optimization 98

SCMDOJO

DECEMBER 29, 2024

This course will teach you a lot about procurement and purchasing, trends and tendencies in procurement, the role and influence of the procurement function in the company, types of procurement, and more. Beyond her professional endeavors, Fatima is a recognized social media influencer. You can follow her on LinkedIn or Instagram.

Supply Chain Optimization 98

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

SCMDOJO

DECEMBER 29, 2024

However, it covers key differences between purchasing and procurement, explores common contract types, and emphasizes the importance of strategic sourcing, supplier relationships, and risk management. Moreover, it highlights the field’s evolving nature and emphasizes the influence of digital transformation, Industry 4.0,

Supply Chain Efficiency 95

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

Spend Matters

JANUARY 23, 2025

This, given the productivity constraints of modern strategic sourcing teams, means that they often must choose between refining the assumptions and calculations in their model and doing other things, like studying the broader market, building supplier relationships or solving tactical challenges like shortages. supplier count, event size).

Price 96

Price Negotiation supply chain software solutions Supply Chain Optimization 96

Procurement Leaders

MAY 30, 2022

Like an increasing number of companies, property services giant CBRE recognises the value of using procurement to drive social impact through spending with diverse suppliers and social enterprises. Identifying new diverse suppliers to ensure coverage across all key categories of spend. Helping supplier development.

Suppliers 130

Suppliers Influencing Procurement team Procurement 130

Spend Matters

NOVEMBER 19, 2024

For example, if a supplier fails, there should have been leading indicators of their impending failure. Finally, customers are worried about the lack of visibility into sub-tier suppliers. While most have insight into their top-tier suppliers, they often don’t know what’s happening further down the supply chain, making them vulnerable.

Risk management 107

Risk management Risk Management Real-time Visibility 107

ivalua

JUNE 29, 2021

Enabling rapid, cost-effective and transparent supplier payments anywhere in the world. Redwood City, CA, June 30, 2021 – Ivalua, a global leader in Cloud Spend Management solutions, announces an extension of its source-to-pay platform with a new payments solution to digitize and streamline global supplier payments.

Supply Chain Efficiency 130

Supply Chain Efficiency Suppliers Sourcing Real-time Visibility 130

SCMDOJO

NOVEMBER 20, 2024

Supply Chain Collaboration Solid relationships with suppliers can enhance supply chain visibility. Supplier relationship management and buyer-supplier relationships are highly essential and are kept as a demand for better outcomes. Strong supplier relationships enable better collaboration and efficient inventory management.

Inventory 98

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

SCMDOJO

JULY 30, 2024

But have you ever considered how financial products like car title loans influence retail supply chains? By leveraging their vehicles, business owners can access quick cash to pay suppliers, manage inventory, or cover payroll. Retailers can maintain strong relationships with their partners by ensuring that suppliers are paid on time.

Retail Supply Chain 98

Retail Supply Chain Influencing Supply Chain Efficiency Supply chain 98

Spend Matters

OCTOBER 31, 2024

This includes developing risk profiles and monitoring high-risk suppliers, particularly as businesses need better visibility into the subcontractors and fourth parties involved in their supplier’s services. How has the evolution in customer needs influenced your product?

Risk management 109

Risk management Risk Management Real-time Visibility 109

SCMDOJO

FEBRUARY 26, 2025

al, titled: Optimization of Cost Performance Index in Construction Project Based on Influencing Factors CPI is defined as: The Cost Performance Index is a cost efficiency factor that can be demonstrated by comparing the value of work physically completed with the costs incurred in the same periods. According the research paper by Winanda et.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Raw materials 52

SCMDOJO

JANUARY 29, 2025

Supplier Performance Evaluating supplier performance based on key metrics such as on-time delivery, quality of goods received, adherence to agreed-upon terms, and responsiveness to inquiries. Identifying areas for cost reduction, such as improving production efficiency, minimizing waste, and negotiating better prices with suppliers.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 98

Procurement Heads

MARCH 27, 2023

We’re responsible for the supplier management and then supporting the business in contract management as well. We are having to become much more agile in our approach because suppliers are less willing to hold their pricing. Sustainability is one of those, and supply chains can influence carbon emissions in a huge way.

Sustainability 246

Sustainability Agile and Lean Supply Chain Influencing Contract 246

Procurement Templates

APRIL 15, 2024

These traits can influence various aspects of decision-making, including procurement decisions in businesses. Here’s how each of these traits might influence procurement: Openness to Experience: Innovation Preference: Individuals high in openness tend to be more open to new ideas, technologies, and approaches.

Influencing 130

Influencing Negotiation Risk Innovation 130

Procurement Insights

DECEMBER 3, 2024

STAKEHOLDER (AGENT) 3 What are the main concerns for suppliers meeting ESG specifications? Suppliers face several obstacles in meeting ESG (Environmental, Social, and Governance) specifications, stemming from resource limitations, regulatory complexities, and operational challenges. Reference to Scoutbee buycott versus boycott post.

Chief Procurement Officer 58

Chief Procurement Officer Supply Chain Efficiency Influencing Supply chain resilience 58

ProcurePort

MAY 26, 2022

The sourcing function ensures that the organization is getting its products from the most suitable suppliers. • If possible, the sourcing function should influence the supply market through engagement with suppliers for mutually beneficial relationships. • An effective sourcing strategy considers […].

Sourcing 130

Sourcing Influencing Supply market Suppliers 130

Procurement Tactics

APRIL 6, 2023

Sustainability in the Supply Chain Nowadays, many multinational companies pledge to work only with suppliers that follow environmental and social standards. The complex system of the supply chain can hinder visibility into crucial operational considerations such as the distance of a supplier’s factory and labor conditions.

Supply chain analysis 226

Supply chain analysis Sustainability Supply Chain Efficiency Supply Chain Optimization 226

Procurement Heads

JANUARY 4, 2023

In 2020, I moved back into corporate life as Head Of Supplier Relationship Management with Coventry Building Society. We have teams that look after risk and excellence because in financial services we need to demonstrate to our regulators that we have appropriate controls in procurement and supplier management.

Supply Chain Efficiency 246

Supply Chain Efficiency Agile and Lean Supply Chain Sustainability Suppliers 246

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’s value became evident, as did the importance of the supplier relationships they had built.

Chief Procurement Officer 130

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

Procurement Tactics

JULY 4, 2023

It is a powerful tool that helps procurement and supply chain professionals to evaluate and negotiate pricing with suppliers effectively and favorably and achieve cost savings. It enables organizations to effectively negotiate and collaborate with suppliers. 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

Procurement Heads

OCTOBER 26, 2022

We are essentially set up across four key pillars: Category management and sourcing P2P Supplier management assurance and audit Sustainability. Who has had the most influence on your procurement career and why? What are the roles and responsibilities the procurement function holds within your organisation? Don’t just go for savings.

Supply Chain Efficiency 246

Supply Chain Efficiency Supply chain Sustainability Suppliers 246

SCMDOJO

JANUARY 22, 2025

Supplier Quality DPPM (Defects Per Million) Definition This metric measures the number of defective parts per million received from a supplier. It’s a key indicator of supplier quality performance. Effective communication between receiving departments and suppliers is paramount. This KPI boosts supply chain metrics.

Supply Chain Optimization 90

Supply Chain Optimization Supply Chain Efficiency Supply chain Supply 90

Skill Dynamics

JANUARY 14, 2025

A typical procurement competency framework covers several key areas, including but not limited to strategic sourcing, supplier management, risk management, and contract negotiation. Core Competencies in the Procurement Framework Sourcing Involves identifying and evaluating the best suppliers to secure high-quality goods and services.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

Procurement Tactics

NOVEMBER 14, 2022

A Request for information (RFI) is a method of gathering information from multiple suppliers before the procurement manager starts to source products or services. . The RFI is often applied once you have gathered multiple suppliers but you do not have any information about them. Ultimate Supplier Plotting Checklist 2022.

Bidding 178

Bidding Suppliers Procurement Import 178

ivalua

FEBRUARY 24, 2021

“The impact of all of that is that organizations are actively creating geographical supplier diversity within their supply chains, to strike a better balance between cost reduction and agility,” he said. Once we have the data, we have to continue to refresh it and engage with it, and that’s where analytical skills come in, Sawchcuk added. “For

Agile and Lean Supply Chain 162

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Supply chain resilience 162

Procurement Leaders

JUNE 20, 2023

Others aim for a steady state approach, gradually embarking on new categories as the function’s influence expands. These areas of spend have historically resisted procurement influence. As such, many leaders take a pragmatic approach and grow category influence through a steady state.

Procurement team 147

Procurement team Procurement Influencing Buyers 147