Procurement Tactics

JULY 20, 2023

As the concrete product industry continues to evolve, we can expect to see even more innovative and sustainable products in the years to come. A good innovation tailored to sustainable practices. Your next DIY project might need any of their items: Holcim Portland Cement priced at $1.2 Duramix Damping Material priced at $63.21

Price 193

Price Suppliers Sustainability Negotiation 193

Procurement Tactics

JUNE 30, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter 8 US Appliance Parts Suppliers — Top Factors, Choosing Guidelines, Pricing, and Review The US appliance parts industry experiences a period of significant growth and transformation. ” – Sharon S.

Price 183

Price Suppliers Negotiation Quality 183

Procurement Tactics

JULY 20, 2023

Your next landscape project might come from these top customer picks: Circular Outdoor Decorative Stepping Stones with Ground Stakes – Beige Limestone Color priced at $89.80 Stone Pebbles Garden Tank Walkway Glow in Aquarium Dark Patio & Garden ( 150 pcs ) priced at $11.80 Cobblestone priced at $18.99

Price 186

Price Suppliers Negotiation Sustainability 186

Procurement Tactics

JUNE 30, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter 9 Best US Lumber Suppliers — Industry Outlook, Considerations, Pricing, and Reviews The US based Forest Economic Advisors, LLC (FEA) predicted a 16% US housing drop in 2023.

Price 177

Price Suppliers Quality Negotiation 177

ivalua

JANUARY 29, 2020

No organisation does everything itself, and whether we’re looking at buying raw materials, components, innovative technology, or sourcing the best in marketing or professional services, the whole process of engaging and working with suppliers must reflect this need for speed and agility. .

Collaboration 164

Collaboration Innovation Agile and Lean Supply Chain Procurement 164

SCMDOJO

JANUARY 9, 2025

Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. By fostering these relationships, businesses can ensure stable supply chains, consistent quality, and even access to supplier innovations. Click here!

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Procurement 98

Spend Matters

DECEMBER 11, 2024

To manage tariffs effectively, companies must align their tariff strategies with their broader business goals, including product design, pricing, supply chain resilience and sustainability objectives. Tariffs essentially taxes imposed on imports and exports directly impact product cost structures.

Supply Chain Optimization 110

Supply Chain Optimization Management Supply chain resilience Supply Chain Efficiency 110

Procurement Leaders

MAY 13, 2024

For instance, one energy company is actively courting startups, innovators and incumbent suppliers to deploy new, sustainable technologies on the grid, as well as in homes and commercial properties. Improving cost effectiveness: Research suggests suppliers’ prices were at least 10% higher when responding to complex RFPs.

Innovation 130

Innovation Sourcing Buyers Suppliers 130

Procurement Templates

DECEMBER 11, 2024

Adopt a Forward-Thinking Approach: Stay ahead by monitoring emerging procurement trends, such as digital transformation and sustainability innovations. Promote a Culture of Innovation: Encourage team members to propose creative solutions and recognize contributions that drive results. CIPS, ISM).

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

Una

MARCH 6, 2023

9 Innovative Purchasing Concepts for Procurement Implement various innovative purchasing concepts to ditch the old-school way of doing things and bring your procurement function up to speed. Innovative purchasing concepts Getting innovative in purchasing doesn’t necessarily mean leveraging the latest piece of technology.

Purchasing 98

Purchasing Innovation Agile and Lean Supply Chain Supplier relationship management 98

Procurement Tactics

JUNE 23, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter 12 Best Construction Equipment Suppliers 2023 — Reviews & Pricing A good house and building come from reliable construction equipment and materials. John Deere 6R 185 Tractor priced at $216,741.41

Price 130

Price Suppliers Negotiation Purchasing 130

ivalua

JUNE 15, 2022

Automation and innovation are at the forefront of the supply chain industry with procurement acting as a key enabler in the process. Körber, a leading international technology group with over 10,000 employees, aims to be a tech leader in procurement to open the door in supply chain performance and drive innovation in the community. .

Supply Chain Efficiency 130

Supply Chain Efficiency supply chain software solutions Agile and Lean Supply Chain Innovation 130

SCMDOJO

APRIL 3, 2025

They can raise consumer prices, reduce imports, change trade patterns, and cause other countries to retaliate. Can you increase prices for customers? Optimize and Improve Operations in order to Navigate Tariff Volatility Evaluate Products : Tariff turbulence can drive companies to innovate. Can you cut other costs?

Agile and Lean Supply Chain 96

Agile and Lean Supply Chain Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 96

Spend Matters

NOVEMBER 19, 2024

Risk mitigation requires immediate action and tactical interventions e.g., temporary increase in inventory holding, contracting lanes out of unaffected ports in North America, securing supply at spot prices or optimizing production to extend availability of critical feedstocks.

Risk 111

Risk Strategy Agile and Lean Supply Chain Supply Chain Optimization 111

Procurement Tactics

DECEMBER 26, 2022

Example 1 — InDemand, Co-creation Model Helping to Procure Innovation in Public Organizations. Thus, a call to companies to co-create an innovative solution alongside clinicians commenced. . Thus, a bigger company named PULSO won the bid and collaborated with Oxiframe to make an innovative solution. .

Procurement strategies 267

Procurement strategies Strategy Procurement Bidding 267

ivalua

JULY 11, 2022

The release includes a broad set of innovations to empower Procurement and Supply Chain leaders to improve collaboration among internal stakeholders and suppliers, proactively mitigate supplier risk and performance issues, gain efficiency and visibility in contracting and improve guidance and effectiveness across procure-to-pay. . “Our

Supply chain resilience 130

Supply chain resilience Collaboration Supply Chain Efficiency supply chain budgeting 130

ivalua

MARCH 18, 2021

Ultimately, the buyer can efficiently compare offers and select the optimal supplier(s) according to a best value/best price logic or lower total cost of ownership. It is a true boost to efficiency and competitiveness in innovative sectors of the automotive industry to be able to rely on the expertise of experienced partners.

Strategic sourcing 246

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 246

SCMDOJO

SEPTEMBER 19, 2024

I worried whether I could successfully convey the message that even with the great prices, the total cost for the parts would be more than what it would cost to source locally or regionally. This led me to create the model described below. Separating these two costs fosters quicker analysis and buy-in.

Price 98

Price Suppliers Cost of ownership Quality 98

Spend Matters

OCTOBER 31, 2024

To warrant such attention, these vendors must have a product that is ideally 2 to 5 years old, is used by more than five customers and displays an innovative application of technology. This year, the five companies that have proven themselves as potential future trend setters are BlueBean , ivoflow, Covalyze, Halo Ai and True Value Hub.

Buyers 114

Buyers Raw materials Networking Suppliers 114

Let's Talk Supply Chain

FEBRUARY 27, 2025

As organizations navigate this unprecedented terrain of rising costs and shifting consumer‍ demands, a new paradigm of ‍efficiency and innovation is emerging to meet the challenges head-on. Companies operating in this sector are facing challenges that require innovative strategies to navigate through turbulent times.

Supply Chain Optimization 52

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

ivalua

APRIL 23, 2020

While there will be sessions featuring customers at various stages of their digital transformations, the focus is on stories from more advanced organizations that have established Procurement as a strategic business partner through innovative ways.

supply chain software solutions 46

supply chain software solutions Supply chain Procurement Supply 46

Procurement Tactics

MARCH 26, 2023

Open tendering, also known as competitive bidding, is a process aimed to purchase goods or services at the lowest possible price. Open Tenders As we said earlier, open tender is a common type of tender that aims to purchase goods or services at the lowest possible price. So without further ado, let us now start!

Bidding 197

Bidding Suppliers Competitive bidding Price 197

Procurement Templates

NOVEMBER 21, 2024

Develop Long-term Relationships: Establish partnerships with key suppliers to foster trust and innovation. Negotiation Skills Actionable Steps: Prepare Thoroughly: Research suppliers’ market position and pricing strategies before negotiations. Resources: Online courses on strategic sourcing (e.g., Coursera, LinkedIn Learning).

Agile and Lean Supply Chain 130

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

SCMDOJO

MARCH 14, 2025

Encouraging early engagement by policy with commercial teams – this is key to delivering innovation and getting the most from the market. As procurement continues to evolve, the focus must remain on innovation and responsiveness to societal needs.

Procurement 90

Procurement Bidding Competitive bidding Contract 90

Spend Matters

OCTOBER 31, 2024

Following months of debate based on extensive knowledge of the many procurement technologies they have demoed, analyzed and benchmarked, they arrive at a list of five young providers that they believe are innovative and exciting, have a rapidly rising presence in the market, can grow sustainably and which every CPO should have on their radar.

Real-time Visibility 120

Real-time Visibility Supply Chain Efficiency Buyers Supply Chain Optimization 120

Procurement Insights

JANUARY 3, 2025

Shift Toward Value Creation : CFOs increasingly view procurement as a driver of enterprise-wide value , contributing to innovation, supplier collaboration, and strategic goals. Procurement is no longer judged solely on cost savings but also on metrics like risk mitigation, supplier diversity, and innovation impact.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

Let's Talk Supply Chain

MARCH 24, 2025

Key players in the electronics supply chain are facing unprecedented challenges, including: Volatility in Pricing: Fluctuations in tariffs and trade policies are impacting the cost of components and raw materials. In this ever-evolving scenario, the players must adapt and innovate to find new paths forward.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Demand 52

Procurement Templates

JUNE 18, 2023

ChatGPT Inflation refers to the general increase in prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. When consumers have more money to spend, they compete for limited goods, driving prices up. What is inflation?

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

ivalua

JUNE 7, 2021

With businesses’ focus shifting from damage control to restoring growth, innovative CPOs are encouraging their procurement teams to prioritise supplier innovation and revenue growth opportunities. . Unlocking supplier-led innovation. Supplier-led innovation is hardly a new concept. Guide, rather than prescribe.

Strategy 130

Strategy Procurement Collaboration Innovation 130

Procurement Tactics

DECEMBER 5, 2022

We all know that sourcing companies help a business find sources for products at a low price and of a certain quality. Sourcing firms or agents work to get clients the best prices possible for whatever product they need while assuring its quality. Thus, a manufacturing sourcing company or agent must get a quote that includes: Price.

Sourcing 182

Sourcing Quality Suppliers Price 182

Procurement Insights

MARCH 22, 2025

Pricing & Contract Terms Will pricing, billing cycles, or renewal terms change in the next 12 months? Is there a plan to move to bundled pricing with the parent companys products? Product Roadmap & Innovation Will features previously promised still be delivered on the same timeline?

Price 40

Price Innovation Data Leadership 40

ivalua

MAY 30, 2023

By ensuring that the right goods and services are purchased at the right price and delivered on time, procurement can help to ensure that a company or organization achieves its goals. With more resources at their disposal, local talents can create innovative solutions that can further transform the regional economy.

Eprocurement 49

Eprocurement Procurement Supply Chain Efficiency Supply chain resilience 49

Procurement Tactics

SEPTEMBER 21, 2022

Sustainable procurement helps businesses by providing opportunities for brand differentiation as it encourages businesses to develop more sustainable and innovative products. . Making sustainability the opportunity for innovation. Think about the effects of the prices that you set. Measuring the performance of suppliers.

Sustainability 188

Sustainability Procurement Cost of ownership Suppliers 188

Procurement Leaders

MARCH 24, 2025

Of course, there are other ways that CPOs can drive value beyond their traditional remit: from supplier-enabled innovation to partnering with the sales organisation to providing the data to support real-time pricing, but its a good time to take a step back and review your functions value proposition.

Collaboration 130

Collaboration Innovation Suppliers Procurement 130

Procurement Leaders

DECEMBER 9, 2022

We are proactively communicating with top management to provide a heads-up in terms of financial target planning and support for action planning – both in terms of macro updates and raw-material price impacts. Finally, we work extremely closely with suppliers to reduce the impact of inflation.

Collaboration 162

Collaboration Supply Chain Efficiency Raw materials Supplier relationship management 162

ivalua

MARCH 3, 2020

Innovation labs and incubators have multiplied in major corporations to try to find the next startup that will rejuvenate their business models. In the last years, this approach been seen as the Holy Grail to unlocking innovation of enterprises. A fact has been striking me for a while. Why is it so?

Procurement 182

Procurement Innovation Chief Procurement Officer Collaboration 182

Spend Matters

NOVEMBER 19, 2024

With innovations like generative AI, risk management tools are becoming more advanced, helping organizations across the public and private sector navigate an increasingly complex risk landscape.” This move towards proactive and predictive risk management is transforming how businesses handle risks. Rapid response will be key.

Risk management 110

Risk management Risk Management Real-time Visibility 110