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! What is Source-to-Contract?

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

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.

Sourcing 52

Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

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

Jaggaer

FEBRUARY 5, 2025

Strategic Sourcing Simplified: Best Practices for Maximizing Value Strategic sourcing goes beyond cost savings its about making informed decisions that drive long-term value. Now well dive into best practices in these critical areas to ensure a more effective and resilient sourcing strategy.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 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 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

ivalua

MAY 31, 2022

A company’s supply chain is a key source of competitive advantage and Supply Chain Management (SCM) is designed to allow a company to monitor its suppliers and utilize the available resources to improve performance. But most sourcing and procurement teams need to pivot and modify the way they handle SCM decisions.

Suppliers 246

Suppliers Supplier relationship management supply chain software solutions Agile and Lean Supply Chain 246

Spend Matters

MARCH 18, 2025

Highlights this SolutionMap Insider cycle SolutionMap data covers both new and established vendors, and two factors inform the comparisons made within the dataset: technical capability (gathered via a rigorous Request for Information or RFI process ) and customer ratings. Data is refreshed every 6 months.

Procurement 91

Procurement Sourcing Contract Risk 91

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

Spend Matters

MARCH 19, 2025

Yesterday Spend Matters released its Spring 2025 SolutionMap and TechMatchSM procurement technology rankings of 106 solution providers across 16 source-to-pay (S2P) categories. They do this via their Insider membership; find out more about membership options and request pricing information. Read our full assessment methodology here.)

Eprocurement 83

Eprocurement Contract management Contract Sourcing 83

SCMDOJO

OCTOBER 28, 2024

Procurement professionals can contribute significantly to the S&OP process by providing valuable insights into supply chain dynamics, identifying potential risks, and optimizing sourcing strategies. Discuss bottlenecks in the supply of raw materials or alternate sources to procure balance and level production plans.

Procurement 97

Procurement Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 97

ivalua

JUNE 11, 2023

Source Implications for Organizations Expanded Reporting Requirements: Under the CSRD, a broader range of companies will be obligated to report non-financial and sustainability information. Organizations will be required to disclose information on their supply chains, including environmental and social risks and impacts.

Supply Chain Efficiency 246

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 246

ivalua

JULY 12, 2021

The challenge is how can organizations understand all the different certifications and access all the different information repositories for these diverse suppliers effectively and efficiently. Just in the limited discussion above, we noted NMSDC, CAMSC, and Supply Nation as sources of data and certifications, and there are many more.

Suppliers 246

Suppliers Ethics Supply Chain Efficiency Sourcing 246

Procurement Software

MARCH 2, 2025

Source-to-Pay software is the cornerstone of every procurement tech stack. The information compiled on our Tech Maps is based on years of market research and industry knowledge, meaning its reliable and crafted by real experts. Here’s our Venn Diagram for Procure-to-Pay and Source-to-Pay software. It’s not.

Sourcing 52

Sourcing Procurement Contract management Price 52

Spend Matters

FEBRUARY 13, 2025

Utzs Procurement team had never focused on influencing budget owners in the corporate services area to strategically source their categories. The team launched many new sourcing opportunities and engaged with stakeholders in different ways resulting in other positive impacts for the company.

Influencing 103

Influencing Procurement supply chain budgeting Strategic sourcing 103

Spend Matters

DECEMBER 30, 2024

These metrics also inform the typical basis of the business case. This is primarily grounded in legislative requirements (CSDDD, CSRD, EUDR, LkSG etc.), Customer requirements on more sustainable products/services, and/or requests for supply chain transparency/due diligence. Inability to integrate into daily operations.

Supply Chain Efficiency 111

Supply Chain Efficiency Supply Chain Optimization Cost of ownership Procurement 111

Spend Matters

OCTOBER 30, 2024

So for the buyer, that means they must engage in contingency planning up-front and keep close communications with suppliers to make sure the information about the event is received as early as possible so that they can respond as early as possible to pre-empt as much damage as they can. Acting faster than the competition is the ultimate aim.

Risk 109

Risk Buyers Suppliers Supply chain 109

Supply Chain Dive

JUNE 21, 2024

The retailer's partnership with Agritask will provide information on blackberry and cherry crops grown by certain suppliers.

Sourcing 124

Sourcing Suppliers 124

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

ivalua

JANUARY 8, 2023

By implementing effective supply chain management systems and partnering with suppliers who share their values, procurement teams can position their companies as leaders in responsible sourcing and supply chain management. Further, it is essential that supplier management and data is holistic (i.e., appeared first on Ivalua.

supply chain software solutions 244

supply chain software solutions Supply Chain Efficiency Supply chain Procurement 244

Procurement Leaders

MAY 13, 2024

A major difference between an RFS and an RFP is that buyers approach suppliers without knowing precisely what it is they are sourcing. By dispensing with detailed pricing and specification criteria, an RFS gives suppliers the freedom to propose innovative solutions to the buying organisation’s strategic challenges.

Innovation 130

Innovation Sourcing Buyers Suppliers 130

ivalua

NOVEMBER 26, 2020

While organizations continue to utilize low-cost regions like Asia, they are also employing strategies like “Asia plus one” or “China plus one” where they develop secondary sources in another region or another country to provide some insurance against regional or geopolitical disruption.

Agile and Lean Supply Chain 264

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Strategy 264

Spend Matters

MARCH 18, 2025

Highlights this SolutionMap Insider cycle SolutionMap data covers both new and established vendors, and two factors inform the comparisons made within the dataset: technical capability (gathered via a rigorous Request for Information or RFI process ) and customer ratings. Data is refreshed every 6 months.

Procurement 66

Procurement Sourcing Contract Risk 66

Spend Matters

NOVEMBER 7, 2024

Halo Ai builds its supplier risk profiles via third-party data providers and web-sweeping techniques; it does not allow for supplier self-reporting without using external sources for validation. Overall, it aggregates a plethora of information into one, simple-to-use platform.

Risk management 111

Risk management Risk Suppliers Vendor management 111

Procurement Tactics

MARCH 16, 2023

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. Acquiring information and insights will allow you to know the foundation of your procurement process. Why is it important?

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

Spend Matters

MARCH 6, 2025

Think of it as the centralized hub that simplifies engagement and empowers decision making for whatever it is youre seeking to address in the Source-to-Pay lifecycle. Here’s how: Unified access to data: Raindrop aggregates information from various sources, providing decision makers with a single source of truth.

Supply Chain Efficiency 73

Supply Chain Efficiency Procurement Chief Procurement Officer Stakeholder engagement 73

ivalua

JUNE 14, 2023

Their expertise informs implementation decision-making by ensuring that it is data-driven and reflects spend category-specific needs. With reliable and actionable data, this workstream can help identify trends and motivate informed decisions. An Analysis by Ivalua Read More : What is Source to Pay Best Practice?

Procurement 239

Procurement Change management supply chain budgeting Supply Chain Optimization 239

Spend Matters

OCTOBER 31, 2024

A network approach where suppliers maintain rich information on their cost structures (SG&A, machine rates, etc.) Also, its approach could potentially change how the traditional sourcing process is executed. to provide deep and accurate insights and auto-costing.

Buyers 114

Buyers Raw materials Networking Suppliers 114

ivalua

JANUARY 13, 2021

Alerts inform you of any deviation which allows you to set up mitigation plans and follow up on corrective actions. – Cost optimization which comes from two sources: first, the savings that are captured from purchasing through preferred suppliers and compliant channels, and second the lower cost of a more efficient purchasing process.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Budget 235

Procurement Tactics

OCTOBER 18, 2022

Supplier relationship management software is used by many organizations to organize supplier information and maximize supplier benefits and value. Supplier relationship management software is an important tool as it gives companies a medium to create better communication with suppliers and provides crucial information to stakeholders.

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

Spend Matters

FEBRUARY 5, 2025

These terms are often used interchangeably, but they represent distinct concepts which are important to have in mind: Digitization refers to converting analog information into digital formats, such as scanning paper invoices. Weve all heard the buzzwords: digitization, digitalization and digital transformation.

Procurement 112

Procurement Change management Strategy supply chain budgeting 112

Procurement Software

MARCH 16, 2025

By automating routine tasks, streamlining communication, and centralising information in one single source of truth, you create tangible quick wins. They can make informed decisions, negotiate more effectively, and identify cost-saving opportunities faster. Sales have had reliable data ever since they had a CRM.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

Spend Matters

NOVEMBER 29, 2023

The platform has built-in functionalities for supplier management, direct material sourcing and procurement, supplier onboarding, supplier quality and supplier performance management. Supplios is a supplier collaboration platform built specifically to help manufacturers work with their direct-material suppliers.

Suppliers 116

Suppliers Sourcing Management Collaboration 116

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 Optimization 98

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

ivalua

FEBRUARY 8, 2023

Visibility across every aspect of the supplier relationship management is essential to making informed decisions or seizing opportunities, and it’s instrumental in speeding up the procurement process, reducing costs and collaborating with suppliers to better meet the needs of the business. Create speed and transparency.

Supply chain resilience 242

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