Procurement Templates

DECEMBER 11, 2024

Action: Develop a procurement cost-avoidance tracker for proactive budget control. Elevate Stakeholder Management Achieve True Integration: Create cross-functional sourcing teams involving R&D, marketing, and logistics. Action: Launch a quarterly executive-level procurement strategy meeting with all business units.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

Arkestro

JULY 20, 2023

The post Grow CFO: How can CFOs Help Their Procurement Teams Avoid “Anchor Bias”? Media Assets Standard Logo Social Logo Address Arkestro, Inc. Media Assets Standard Logo Social Logo Address Arkestro, Inc. Media Assets Standard Logo Social Logo Address Arkestro, Inc. No spam, just relevant news and tips & tricks.

Procurement team 52

Procurement team Procurement Supply Chain Efficiency Supply chain 52

Jaggaer

DECEMBER 5, 2024

What This Means for Procurement: Procurement teams need tools that provide real-time tracking and end-to-end transparency across the supply chain. While companies have robust visibility over their inventory and warehousing (99%), this drops to a stark 20% when it comes to their deeper supplier networks.

Supply Chain Efficiency 52

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

Arkestro

NOVEMBER 19, 2024

The Baltimore bridge collapse , geopolitical instability , and even recent IT outages have impacted a whole range of industries, from airlines to banking to logistics. For procurement teams, this adds even more complexity to already complex supply chains. Many people talked about how they fell into procurement.

Procurement 52

Procurement Procurement team Supply Chain Efficiency Supply chain 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. Arkestro assisted the US manufacturer by using predictive models to streamline logistics operations.

Procurement team 52

Procurement team Innovation Procurement Bidding 52

Procurement Leaders

MARCH 6, 2023

Since the outbreak of Covid-19, the function has been called upon to ensure continuity of supply, source essential safety equipment, tackle the challenge of soaring prices and ensure that logistics routes continue to flow. On the other side, is the very deep relationship integration with the businesses and the commercial teams,” he added.

supply chain budgeting 189

supply chain budgeting Suppliers Risk Procurement 189

Procurement Leaders

MARCH 10, 2023

With such a large supply base, it’s not surprising to hear the business faces many different threats, including cyber risks, material availability challenges and logistics risks – to name but three. For Mirela Boldu, senior programme manager – supplier risk management, managing these threats is crucial to the function.

Collaboration 147

Collaboration Supply chain Management Risk management 147

ivalua

AUGUST 17, 2021

Procurement can and should be a significant value generator for the larger organization. There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: . Creating Value occurs when sourcing and procurement uses relevant sourcing processes and tools to engage and select the best fit supplier.

Procurement 130

Procurement Procurement team Sourcing Supplier relationship management 130

Procurement Templates

AUGUST 28, 2024

The increasing frequency and severity of natural disasters, such as hurricanes, floods, wildfires, and droughts, have had a profound impact on the procurement of raw materials and goods. In particular, extreme weather events in key manufacturing hubs have led to significant disruptions in production and logistics.

Supply Chain Efficiency 130

Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain Supply Chain Optimization 130

Supply Chain Game Changer

SEPTEMBER 28, 2022

Historically Supply Chain was considered to include Procurement, Warehousing, Freight and Logistics. Procurement negotiates and sets the conditions for purchase of all goods and services, which by extension impacts cash flow. Supply Chain manages the reverse logistics processes which involve cash reimbursement to customers.

Supply chain 118

Supply chain Supply Leadership Logistics 118

ivalua

MARCH 24, 2021

Most of the benefits that can be realized by manufacturing procurement organizations are gained through external collaboration with suppliers and partners – which ERP systems, internal portals, and Excel spreadsheets are not designed to handle. . There is only so much value that can be harnessed from digitizing this type of spend.

Supply Chain Efficiency 130

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 130

Procurement Insights

MARCH 27, 2025

AdaptOne could provide significant value to Byrne Dairy , a food and beverage company, by optimizing and digitizing its procurement operations particularly in supplier management , compliance tracking , and procurement workflow visibility. Here’s how: 1.

Real-time Visibility 52

Real-time Visibility e2e Suppliers Supply Chain Efficiency 52

SCMDOJO

APRIL 3, 2022

Procurement eAuctions may be used in a multitude of sectors and domains, including industrial machinery, supply chains and logistical operations, telecommunications, commodities, and business technical support programs. Procurement KPI Dashboard – Customizable Excel Template. .

Supply Chain Efficiency 141

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 141

Supply Chain Game Changer

NOVEMBER 26, 2018

If you don’t have a Supplier CoC, I’d strongly suggest looking into developing one with your sourcing and procurement team. Supplier compliance and governance is a result of quality due diligence on the part of a sourcing and procurement team. SCM #SupplyChain #ikea #retail #logistics #procurement #purchasing.

Procurement team 43

Procurement team Supplier relationship management Procurement Suppliers 43

Procurement Insights

MARCH 25, 2025

ANSWER #1 AdaptOne could provide significant value to Byrne Dairy , a food and beverage company, by optimizing and digitizing its procurement operations particularly in supplier management , compliance tracking , and procurement workflow visibility. Here’s how: 1.

Real-time Visibility 60

Real-time Visibility e2e Suppliers Contract 60

Procurement Templates

MARCH 3, 2024

Here’s a breakdown of the key steps involved in conducting a procurement category analysis: Category Identification : The first step is to identify and define the various procurement categories relevant to the organization. Data Collection : Gather comprehensive data related to spending within each procurement category.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Procurement Tactics

OCTOBER 13, 2022

However, not many people know their real role in procurement. . We will discuss the role of strategic sourcing managers within the procurement team and their responsibilities in a company. In complex procurement operations, a problem will always show up that needs to be solved. Problem-solving. Detail oriented.

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

Procurement Leaders

DECEMBER 9, 2022

PL: Could you share a little bit about your procurement team structure, its strengths and the challenges you face at Ferring? EE: We have a traditional, matrix-oriented team, with global and local experts, supporting 100% of Ferring’s spend.

Suppliers 147

Suppliers Bill of materials Raw materials Supplier relationship management 147

Arkestro

JULY 21, 2023

Jul 21, 2023 read more Grow CFO: How can CFOs Help Their Procurement Teams Avoid “Anchor Bias”? Media Assets Standard Logo Social Logo Address Arkestro, Inc. Media Assets Standard Logo Social Logo Address Arkestro, Inc.

Supply Chain Efficiency 98

Supply Chain Efficiency Supply Procurement team Supply chain 98

Procurement Insights

MARCH 23, 2025

Quantitative Effect: McKinsey (2023) notes 10-20% improvement in on-time delivery rates with digital procurement tools. For instance, logistics savings (10% of $75M, prior automotive response) reflect optimized supplier schedules, lifting rates from 85% to 90-95%. Predictive AI (e.g., ORO Labs) anticipates delays, improving planning.

Real-time Visibility 52

Real-time Visibility Quality Supply Chain Efficiency Collaboration 52

Spend Matters

MAY 17, 2023

In fact, data management is continuously a top issue for CPOs year-over-year as the growing amount of data turns into an unmanageable huge workload for both procurement teams and suppliers. It is necessary for a supply chain’s health that all buyers have accurate, easy-to-access, up-to-date information about their suppliers.

Suppliers 96

Suppliers Buyers Risk Procurement team 96

ivalua

DECEMBER 21, 2021

As a center-led procurement function FCL used Ivalua’s solution to enable non-procurement professionals within various different business sectors to conduct sourcing activities in accordance with FCL’s procurement governance. Together FCL and those local co-operatives form the Co-operative Retailing System (CRS).

Contract 130

Contract Sourcing Suppliers Data 130

TYA Suite

OCTOBER 27, 2024

Procurement management software simplifies the vendor selection process by offering tools to evaluate and compare vendor performance based on specific criteria such as price, quality, reliability, and compliance. It’s important to choose software that aligns with the company’s procurement goals and integrates well with existing systems.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

Arkestro

JULY 11, 2023

Media Assets Standard Logo Social Logo Address Arkestro, Inc. Media Assets Standard Logo Social Logo Address Arkestro, Inc.

Inventory 96

Inventory Supply Chain Efficiency Procurement team Supply chain 96

Una

MARCH 16, 2023

Each week, the Una team will explore one of ten common pain points impacting procurement today, and put forth actionable solutions to each of these challenges. “Hi, Hi, is that the procurement team? It’s Joe from logistics. Why wasn’t procurement involved in this conversation?

Influencing 105

Influencing Procurement Cost of ownership Supplier relationship management 105

Procurement Tactics

JUNE 22, 2023

It is also used as a reference for invoicing, inventory management, and other financial and logistical aspects of the procurement process. When making a PO, it is vital to create it carefully, as it becomes a legal contract between the buyer and the seller once the latter accepts it.

Purchase orders 200

Purchase orders Purchasing supply chain software solutions Buyers 200

Procurement Insights

FEBRUARY 18, 2025

Fragmented Supplier Networks & Lack of Standardization Why It’s a Challenge: Packaging companies work with diverse suppliers , including raw material providers (paper, plastics, metals), logistics partners, and contract manufacturers.

Purchase orders 52

Purchase orders Collaboration Purchasing Suppliers 52

Procurement Heads

JULY 5, 2023

At the front of the UCAS book at the time, was a degree apprenticeship with the Ford Motor Company in purchasing and logistics, aptly titled PLUGS – Purchasing and Logistics Undergraduates. Back in 1995, I was just considering what I should do at university, with the thought of going to uni not really clear in my head.

Chief Procurement Officer 130

Chief Procurement Officer Sustainability Supply chain Procurement 130

Procurement Tactics

JULY 14, 2022

Some firms include quality assurance, logistics, shipping, and management of all financial transactions. . Reasons Why You Need a Procurement Service Provider. We all know that procurement is a strategic operation that requires careful planning and the use of best practices. Brings onboard tactical labor.

Procurement 130

Procurement Supply Chain Efficiency Negotiation Strategic planning 130

Jaggaer

APRIL 22, 2019

Procurement teams are in a unique and important position to drive such initiatives forward as these improvements are only possible through actions taken in the supply chain. And there’s a payoff: procurement teams are most concerned with cost savings and risk management, both of which can be addressed by sustainable procurement.

Sustainability 91

Sustainability Supply Chain Efficiency Procurement supply chain software solutions 91

ivalua

DECEMBER 18, 2019

Inside the modern enterprise, a variety of groups use supplier master data, including not just Procurement, but also: . Application leaders that support the master data management should work with the Procurement team to establish metrics for tracking data completeness and the frequency of updates. Risk management. Operations.

Data 100

Data Suppliers Management Procurement 100

Procurement Heads

FEBRUARY 7, 2023

At work, I am Head of Procurement at British American Tobacco and in charge of the procurement teams in the west side of the world (North and South America, Africa and most of Europe). What made you choose a career in procurement and how much has procurement changed since you started 20 years ago?

Supply Chain Efficiency 130

Supply Chain Efficiency Raw materials Category management Sustainability 130

Planergy

MARCH 18, 2025

Procurement Items like textbooks, computers, cleaning supplies, and food come from vendors. The schools procurement team ensures schools can order the necessary items while maintaining the budget and standards. This process involves multiple moving parts.

supply chain budgeting 52

supply chain budgeting supply chain software solutions Supply Chain Efficiency Supply chain 52

Jaggaer

AUGUST 18, 2020

These measures include identifying single source and supplier risk, ramping up alternate logistics, securing supply and increasing stock levels, and sourcing and onboarding alternate suppliers, if necessary providing financial and other forms of support.

Procurement 98

Procurement Supply Chain Efficiency Risk Suppliers 98

ivalua

JANUARY 31, 2022

How can we mitigate technical, logistical, weather-related, and demand-driven supply chain disruptions? Organizations must shift focus toward strengthening their procurement processes and procedures to gain 100% supply chain visibility. The Criticality of the Supply Chain (and Suppliers). Digital Transformation is the Top CPO Priority.

Procurement 130

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

Arkestro

APRIL 2, 2024

Resources / Analyst Reports / Procurement 2024: BIG Trends and Predictions Procurement 2024: BIG Trends and Predictions Download Now Let's Talk By the end of 2024, new AI innovations will begin to significantly change all facets of supply management technology.

Procurement 52

Procurement Chief Procurement Officer Procurement team Buyers 52

SCMDOJO

MARCH 6, 2022

Multiple invoices may be grouped under a single blanket PO, considerably simplifying logistics and planning for both parties. Blanket orders are commonly used by procurement teams across a wide range of sectors. In addition to the time duration, quantity, and price, blanket purchase orders may contain item quality standards.

Purchase orders 138

Purchase orders Purchasing Quantity Contract 138