Procurement Insights

DECEMBER 14, 2024

ProPurchaser Focus: Commodity cost tracking and price negotiation support. Key Features: Tracks changes in commodity cost drivers to aid negotiation. Target Audience: Procurement professionals seeking data to strengthen price negotiations. Strength: Simplifies price negotiations with clear cost-driver insights.

Price negotiations 64

Price negotiations Negotiation supply chain budgeting Price 64

Procurement Tactics

AUGUST 22, 2022

In this article, we will discuss what tail spending is and how you can manage it. We will also check why it is important to manage the tail spend of an organization. Not actively managed spend. Tail spend can simply be defined as any supplier that is not being actively managed by procurement. Editor's note: Hi there!

Purchasing 130

Purchasing Suppliers Negotiation Spend management 130

Spend Matters

AUGUST 15, 2024

This incident is a powerful example for supply chain and procurement executives to advocate for agile, resilient approaches to managing processes, orders and shipments. Relying on a single vendor poses significant risks, creating single points of failure and reducing leverage in pricing negotiations for IT contracts and software licenses.

supply chain software solutions 120

supply chain software solutions Agile and Lean Supply Chain Supply Chain Efficiency Supply chain 120

IBM Supply Chain Blog

APRIL 4, 2024

Business Process Management (BPM) is a systematic approach to managing and streamlining business processes. Conversely, it has a larger scope than task management, which deals with individual tasks, and project management, which handles one-time initiatives. BPM is often confused with other seemingly similar initiatives.

Real-time Visibility 54

Real-time Visibility Management e2e Supply Chain Efficiency 54

World of Procurement blog

OCTOBER 13, 2020

When we speak about Capital Expenditures or commonly called CAPEX in an organization, generally speaking, they are managed either by a Project Manager or their future users (the concerned department of the organization). It could be even worse as buyers may not be invited to get involved at all in CAPEX management.

Management 52

Management Procurement Buyers Negotiation 52

SCMDOJO

MARCH 6, 2022

Simply said, blanket purchase orders allow procurement managers to take advantage of preset costs while also reducing responsibilities. If the product value decreases throughout the course of the order period, a price negotiated upon during contract talks might become a disadvantage.

Purchase orders 138

Purchase orders Purchasing Quantity Contract 138

Supply Chain Game Changer

AUGUST 6, 2019

Commodity Management. Category Management. And all of this is managed by Procurement personnel. But do they manage this spend like it is their own business or do they manage it like it is just a functional job with transactional activities to be performed? Purchasing. In What Exactly is Procurement?

Management 48

Management Procurement Category management Chief Procurement Officer 48

Procurement Software

MARCH 11, 2022

Instead of looking at direct materials and purchased parts, the hidden opportunity is often found in effective tail spend management. Old school, pure-play price negotiations don’t work, especially in an inflationary market. The best opportunities now lie in tail spend management. 3) Vendors not actively managed.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

Instead of looking at direct materials and purchased parts, the hidden opportunity is often found in effective tail spend management. Old school, pure-play price negotiations don’t work, especially in an inflationary market. The best opportunities now lie in tail spend management. 3) Vendors not actively managed.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Zycus Cognitive Procurement

JULY 25, 2022

In addition, CPOs and procurement managers should discover new strategies to satisfy their objectives in order to obtain greater outcomes without having to spend more money. . This blog will help you become a better procurement manager by providing you the latest updates on procurement digitization. Risk management and compliance :

supply chain budgeting 52

supply chain budgeting Procurement Agile and Lean Supply Chain Management 52

Procurement Insights

OCTOBER 8, 2024

Here are the top 3 concerns likely to dominate the agenda for CPOs in 2025: Supply Chain Resilience and Risk Management Sustainability and ESG Compliance Supply Chain Visibility Conclusion: CPOs in 2025 will need to navigate a complex, fast-changing landscape shaped by technology, sustainability, and global uncertainty.

Chief Procurement Officer 52

Chief Procurement Officer Supply Chain Efficiency Procurement Supply Chain Optimization 52

Empowering CPO

JULY 2, 2023

Introduction Welcome to our latest discussion on a crucial facet of business operations: Managed Procurement Services. If you’re new to the term, Managed Procurement Services refers to the outsourcing of a company’s procurement functions to a specialized firm.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Supply Chain Game Changer

SEPTEMBER 29, 2020

Featuring Our 10 Best Inventory Management Articles! Inventory management is a critical area for most companies. Despite these devastating and far reaching implications of poor inventory management too often this area is not given the respect and attention that it deserves. Raw Material Management. Subscribe Here!

Inventory 90

Inventory Raw materials Supply Chain Optimization Demand 90

SCMDOJO

OCTOBER 27, 2023

The following are common types of negotiation in procurement: 1. Price Negotiation: This negotiation focuses on haggling over the cost of goods or services to obtain the best price for procuring products or services. These risks may include supply chain disruptions and quality issues.

Supplier negotiation 105

Supplier negotiation Negotiation Suppliers Supply Chain Efficiency 105

Skill Dynamics

OCTOBER 19, 2023

Your business needs a broader vision to address sustainability, deliver on risk management and resilience challenges, nurture buyer and supplier relationships, as well as meet procurement excellence. This is all done alongside the achievement of cost-effective procurement and robust vendor management.

Supply Chain Optimization 52

Supply Chain Optimization Strategy Procurement Vendor management 52

Jaggaer

OCTOBER 24, 2024

What is Cost Saving in Supply Chain Management? Cost saving in supply chain management involves reducing the total cost of ownership (TCO) while maintaining, or even enhancing, the quality and reliability of goods and services. These efficiencies may come from automating procurement processes or streamlining supplier management.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain budgeting 52

Pipefy

NOVEMBER 3, 2023

Because of this inherent operational complexity, procurement processes are often plagued by six common issues: Poor change management as a result of rapidly changing business processes, workflows, and priorities. Simplifies change management Like everything else in business, processes change and evolve. Pipefy, 2023.

Procurement 52

Procurement Procurement team Supply Chain Efficiency Agile and Lean Supply Chain 52

World of Procurement blog

MAY 8, 2024

It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Mitigates risk by selecting reliable suppliers, managing supplier relationships, and ensuring continuity of supply.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Software

MARCH 11, 2022

With indirect spend, many purchases are one-time buys, or multi-year contracts where pricing and conditions are not immediately addressable. Examples such as IT infrastructure, facilities management, machinery & equipment capex. The easy answer is that financial analysts and controllers are numbers people.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Procurement Software

MARCH 11, 2022

With indirect spend, many purchases are one-time buys, or multi-year contracts where pricing and conditions are not immediately addressable. Examples such as IT infrastructure, facilities management, machinery & equipment capex. The easy answer is that financial analysts and controllers are numbers people.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Una

SEPTEMBER 26, 2023

Price Disputes: The characters often argue over money, particularly when experiencing job losses and periods of unemployment. Similarly, procurement professionals often face pressure to cut costs, and price negotiations can become heated, potentially souring the supplier relationship.

Suppliers 52

Suppliers Supply Chain Efficiency Negotiation Supply chain 52

Arkestro

JUNE 25, 2024

It’s a problem of scale — no one is managing things the total spend because it isn’t feasible with their time and resources. The majority of line items are never negotiated, and teams rely on catalog buys to expedite processing at the expense of price negotiation.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Innovation Supply chain 52

Finale Inventory

JULY 1, 2024

In this article, we will walk you through the basics, key components, role of inventory management, challenges, and technological innovations in the F&B supply chain. One important aspect of the F&B supply chain is inventory management. Are you interested in learning about the world of the F&B supply chain?

Supply Chain Efficiency 40

Supply Chain Efficiency Supply Chain Optimization Inventory supply chain software solutions 40

Skill Dynamics

OCTOBER 18, 2023

After all, these training programs provide a range of benefits, spanning from specific role-focused activities like inventory control, supply, and demand planning, or project management, to giving employees the tools they need to drive their creativity and productivity, thus significantly contributing to business success.

Innovation 52

Innovation supply chain budgeting Supply chain Supply 52

Pipefy

JANUARY 5, 2023

Build better procurement processes with the Definitive Guide to Workflow Management Download now. Digital procurement involves the use of apps and systems to capture, consolidate, and manage all of the data and information related to procurement. It’s more difficult to manage, control, and oversee multiple versions of the same process.

Procurement 52

Procurement Procurement team supply chain software solutions e2e 52

Una

NOVEMBER 13, 2023

How to Repair Damaged Supplier Relationships How to Get Started with Agile Procurement Fueling Profitability with Creative Category Management Focus on data and performance metrics Numbers speak volumes! Offer value beyond price Yes, price negotiations are essential, but they’re not the only card in the deck.

Negotiation 52

Negotiation Purchasing Price Suppliers 52

Empowering CPO

DECEMBER 4, 2020

This article talks about the probable increase that these vendors may ask and how and what to negotiate so as to negate the increase in annual cost for this category. Based on the volumes of packages sent by an organization, the threshold value can be negotiated in shipper agreements up to 4 cu. Negotiating divisor value.

Negotiation 52

Negotiation Price Contract Price negotiations 52

Jaggaer

JANUARY 14, 2020

When direct spend is already managed efficiently and teams work harder for every penny saved, indirect spend often sits ignored, with quick wins sitting untouched. Many manufacturing companies will feel that they’re not, in fact, just starting out, because they have a very mature spend management system for their direct materials.

Supply Chain Efficiency 40

Supply Chain Efficiency Raw materials supply chain budgeting Supply Chain Optimization 40

Planergy

JANUARY 19, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It has been applied to various topics such as economics, business management, quality control, and mathematics. How to gain visibility and control of your indirect spend. Let’s take a closer look at how this works.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

Empowering CPO

JUNE 26, 2023

Benefits of Implementing Spend Analysis in Healthcare : Discover the advantages of adopting spend analysis, including cost reduction opportunities, savings potential identification, and improved supplier management. Understanding the Healthcare Landscape A.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Supplier consolidation 52

Procurement Software

JUNE 25, 2024

Cost Reduction Cost reduction in procurement transcends mere price negotiations. The Role of Technology and Innovation Innovation in procurement processes and technology, such as the use of procurement performance management software, enables a more comprehensive view of savings and value generation.

Procurement 52

Procurement Supply Chain Efficiency Chief Procurement Officer Price 52

Pipefy

AUGUST 1, 2023

Business operations generally fall under the umbrella of one of the following categories: product management, supply chain, inventory, forecasting, scheduling, quality, or facilities planning. Cutting those costs, or even managing them, never happens by accident. Operations are, after all, where the money is spent.

Strategy 52

Strategy supply chain budgeting Supply Chain Efficiency Real-time Visibility 52

Procurement Talk with David Byrne

MAY 30, 2024

Listen on Apple Podcasts Listen on Spotify Watch on YouTube Summary In this episode, Martin Smith interviews Gavin Boswell, the Director of Procurement at Serco. They discuss Gavin’s 10-year career at Serco and the evolution of procurement over the past 30 years and the changing role of procurement professionals.

Leadership 52

Leadership Sustainability Procurement Price negotiations 52

Pipefy

MAY 9, 2023

Too many suppliers, on the other hand, can be a financial detriment, as it significantly lowers the chances for discounts and successful price negotiations. Rather than driving one universal action, measuring inventory turnover is helpful for businesses looking to boost sales to improve their inventory management processes.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

Empowering CPO

JUNE 27, 2023

The same holds true for procurement professionals striving to navigate the complexities of expenditure management without proper spend analysis. Supplier Relationship Management: Understanding spending patterns within different categories helps identify the key suppliers and their performance.

Procurement 40

Procurement Supply Chain Optimization Supplier consolidation Suppliers 40

Arkestro

JUNE 11, 2024

Spot Rates vs. Contract Rates Spot rates, or prices negotiated on an ad-hoc basis, are often low-cost but high-effort, requiring time and resources to collect and compare quotes. In times of high demand or capacity constraints, baseline pricing may be adjusted upward to reflect increased costs and scarcity.

Innovation 52

Innovation Procurement Supply Chain Optimization Real-time Visibility 52

Procurement Tactics

JULY 11, 2022

Example 1 — CASE-STUDY: PRICE NEGOTIATION BETWEEN AMAZON AND WHOLE FOODS. Actual case: The case study is based on a real-life price negotiation between Amazon.com and Whole Foods Market. . Lastly, we can learn from their negotiation that a final outcome can be reached once both parties meet on the same ground or terms.

Negotiation 130

Negotiation Procurement Bidding Ethics 130