ProcurePort

MARCH 15, 2022

The procurement category management process is the intentional action by a company to divide its procurement spend into segments with related items. When successfully implemented, the company can gain through lower purchase prices, better relationships with suppliers, agility in logistics, […].

Category management 246

Category management Management Procurement Logistics 246

Spend Matters

DECEMBER 16, 2024

In part 3 we look at the tech that can support Procurement in tariff management. Effective and efficient tariff management is rooted in robust direct materials and supply chain risk management. 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

Spend Matters

DECEMBER 11, 2024

Tariff management is a strategic subset of direct materials management and sourcing that involves navigating and optimizing the complex costs and regulatory implications of importing materials and goods across borders. Tariffs essentially taxes imposed on imports and exports directly impact product cost structures.

Supply Chain Optimization 110

Supply Chain Optimization Management Supply Chain Efficiency Supply chain resilience 110

Procurement Leaders

JANUARY 16, 2023

So, how we manage risk is what keeps me up at night… We try to be robust as a procurement organisation because, as a commodities company, risk is a part of our everyday life: we can have a crop failure, we can have a delivery failure, we can have a quality failure, so how do we handle that? . ” Stroup says.

Risk 246

Risk Management Risk management Strategic planning 246

All Things Supply Chain

APRIL 26, 2021

Most consumers realize that the products they purchase are the result of a global chain of suppliers and logistics. And while a global supply chain brings benefits in terms of…

Supply chain management 246

Supply chain management Supply chain management Supply chain Supply 246

Spend Matters

MARCH 25, 2025

Why stakeholder management matters in procurement digital transformation Stakeholder management is the foundation of any successful procurement digital transformation initiative. To understand why, lets look at the following parallel: Procurement professionals often discuss spend under management (SUM) as a key metric of success.

Stakeholder engagement 93

Stakeholder engagement Management Procurement Influencing 93

Procurement Tactics

MAY 30, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Procurement Managers — The Ultimate Guide Procurement managers are not easy, but the role is rewarding, interesting, and crucial to the success of a business. What is a Procurement Manager?

Management 178

Management supply chain budgeting Procurement Negotiation 178

Spend Matters

JANUARY 7, 2025

But cutting back on these costs never feels quite as urgent as purchases tied directly to revenue. As the scale of your spending grows, it becomes harder to manage without a dedicated procurement department or an updated process. This leads to redundant purchases, budget overruns and a lack of accountability.

Procurement 117

Procurement Purchasing Vendor relationships Suppliers 117

Procurement Express

MARCH 9, 2025

If your company relies on vendors, an efficient purchase order (PO) system is essential for keeping cash flow predictable and preventing budget surprises. Fortunately, QuickBooks Online gives you a simple way to manage purchase orders, streamline approvals, and keep vendor relationships smooth. What is a purchase order?

Purchase orders 52

Purchase orders Purchasing Real-time Visibility Budget 52

Procurement Express

DECEMBER 24, 2024

Purchase control is one of those things that feels small until its not. Its the foundation for managing company spend, keeping cash flow in check, and making sure your team doesnt spend three days tracking down a single lost receipt. How much time is your team wasting on the purchase order process? Maximize cost savings.

Purchasing 40

Purchasing Purchase orders supply chain budgeting Budget 40

TYA Suite

APRIL 13, 2025

Every business, big or small, relies on purchasing goods and services to keep operations running smoothly. But without a clear system to manage these purchases, things can quickly spiral into A mess delays, overspending, or even errors. What is a Purchase Order Approval Workflow? unauthorized vendors or overspending). :

Purchase orders 40

Purchase orders Purchasing Real-time Visibility Budget 40

Procurement Tactics

JUNE 8, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Inventory Management — Everything You Should Know Inventory management enables companies to ensure that they always have enough stock to fulfill customer orders. What is Inventory Management?

Inventory 187

Inventory Management Real-time Visibility Inventory control 187

Procurement Tactics

OCTOBER 13, 2022

Strategic Sourcing Manager — The Ultimate Guide. A strategic sourcing manager is a key person in ensuring that the strategic process is effective and efficient. In this article, we will discuss what a strategic sourcing manager is. Additionally, we will tell you the skills needed to be a strategic sourcing manager. .

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

Fraxion

OCTOBER 30, 2024

In many organizations, purchasing goods and services can be a tangled web of emails, paper forms, spreadsheets, and approval bottlenecks. As teams grow and work remotely, these issues only become more challenging to manage, and the need for a more streamlined, automated approach becomes apparent.

Purchasing 49

Purchasing Budget Risk Management 49

TYA Suite

APRIL 13, 2025

When your business is small, using spreadsheets or sticky notes to track purchases might seem easy. Without a proper system, it becomes harder to track budgets, follow company rules, and manage suppliers. It saves time, reduces mistakes, and gives you a clear view of all purchases, helping you make better decisions.

Purchasing 40

Purchasing supply chain budgeting Supply Chain Efficiency Real-time Visibility 40

Procurement Insights

FEBRUARY 18, 2025

EDITOR’S NOTE: I have recently completed a preliminary analysis of Packaging & Container Companies’ challenges to enable greater supplier collaboration and automation around the purchase order process, including PO confirmations, shipment notices, and price/quantity changes.

Purchase orders 52

Purchase orders Collaboration Purchasing Suppliers 52

Skill Dynamics

DECEMBER 18, 2024

Proactively identifying and managing procurement fraud is incredibly important when safeguarding your organization’s future. Inconsistencies between purchase orders and invoices are another thing to watch for. Lets take a look.

Risk 52

Risk Strategy Supply Chain Efficiency Procurement 52

All Things Supply Chain

JULY 8, 2024

Traditionally, purchasing and supply management (PSM) has strongly relied on data management, as procurement managers need to dispose of, clean, and update data of different natures to compare suppliers’ performance,…

Data 130

Data Suppliers Management Purchasing 130

Spend Matters

DECEMBER 23, 2024

Alexandra Arens , Senior Content Marketing Manager at Onventis , shares what their customers are looking for from their digital procurement investment based on the 2024 Procurement Barometer study results and the DACH SME Procurement Barometer 2024. What do your customers prioritize when investing in procuretech?

Procurement 120

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supplier consolidation 120

TYA Suite

APRIL 13, 2025

AProcurement Management Systemis like a smart assistant for businesses. It helps organizations plan, track, and manage everything involved in purchasing goods or servicesfrom ordering office chairs to sourcing raw materials. What Is a Procurement Management System? How Does a Procurement Management System Work?

Management 40

Management Procurement Real-time Visibility Budget 40

Planergy

MARCH 19, 2025

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. How better management in AP can give you better flexibility for cash flow management. Effective supplier management is essential for educational institutions.

Suppliers 52

Suppliers Management supply chain budgeting Supply Chain Efficiency 52

TYA Suite

OCTOBER 27, 2024

Using a procurement management system is one practical strategy to strengthen these connections. This comprehensive guide explores what procurement management software is, its key features, its role in vendor relations, its integration with business processes, and the benefits it offers.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

SCMDOJO

OCTOBER 28, 2024

While inventory management and logistics often take center stage, another critical component that significantly impacts supply chain performance is fixed asset management. However, managing these assets can be complex, time-consuming, and prone to errors.

Supply Chain Optimization 52

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

SCMDOJO

DECEMBER 29, 2024

Key takeaways Importance of Procurement Procurement vs. Purchasing Key Functions Departmental Structure Role Descriptions The blog emphasizes the significance of a well-structured procurement department with qualified personnel to achieve organizational objectives. Read In Detail About Procurement Department Here 2.

Supply Chain Efficiency 95

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

Finale Inventory

JANUARY 27, 2025

Introduction A quickbooks barcode scanner transforms how small and medium-sized businesses handle their inventory management, bridging the gap between physical products and digital records. The journey to implementing effective barcode scanning with QuickBooks involves several key components, from initial setup to ongoing management.

Inventory 52

Inventory Real-time Visibility Management Inventory control 52

Spend Matters

MARCH 25, 2025

This includes cloud-based solutions for analytics, cybersecurity, artificial intelligence and IT management. Solution overview AWS Marketplace includes several procurement, cost management and governance features designed for enterprise adoption. Expanding security measures to enhance compliance management.

Procurement solutions 95

Procurement solutions Procurement Purchase orders Data 95

Skill Dynamics

APRIL 24, 2025

When you look behind the scenes of a global business operation, procurement strategy and supply chain management are usually top priorities, though theyre not always working in sync. The Role of Procurement & Supply Chain in Business Success Procurement and supply chain management play pivotal roles in how a business performs.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

Planergy

FEBRUARY 24, 2025

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. How better management in AP can give you better flexibility for cash flow management. What's PLANERGY? How AP can improve relationships with your key suppliers.

Management 52

Management Budget Negotiation Purchasing 52

ivalua

MARCH 18, 2021

Massy, France 18 March , 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, and CKS BeNeLux today announced that Punch Powertrain has successfully deployed Ivalua’s platform to support the digital transformation of the strategic sourcing process.

Strategic sourcing 246

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 246

Spend Matters

FEBRUARY 4, 2025

By managing costs earlier, negotiating better supplier terms, and ensuring the best value for money, procurement has become a critical driver of long-term financial performance. You can watch the full discussion in the video below or read a detailed recap of the key takeaways. Procurement is no longer just a back-office function.

Procurement 103

Procurement Purchasing Negotiation Buying process 103

Procurement Insights

FEBRUARY 21, 2025

Key Features of a Metaprise: Beyond a Single Company: Instead of just managing procurement within one company, a Metaprise integrates multiple businesses, suppliers, and partners into one unified system. Network Intelligence: Learns from market trends, supplier performance, and risk factors to optimize sourcing and supplier management.

Supply Chain Optimization 75

Supply Chain Optimization Contract management Networking Contract 75

Planergy

MARCH 10, 2025

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. How better management in AP can give you better flexibility for cash flow management. But how can schools and trusts optimize their expense management?

Strategy 52

Strategy Management Budget Spend management 52

Procurement Tactics

SEPTEMBER 8, 2022

Some referred to it as MRO purchasing which pertains to maintenance, repair, and operations due to its significance to keep the business running. . You may think that this is the same as tactical purchasing. However, it is not true due to the fact that tactical purchasing is focused on short-term transactional activity.

Procurement 226

Procurement Purchase orders Purchasing Strategic sourcing 226

SCMDOJO

DECEMBER 29, 2024

Mastering Procurement – Essentials Skills and Competencies Mastering Procurement by Maryna Trepova is the ultimate Procurement and Purchase Management course for Engineers, Entrepreneurs, Managers, and Students. However, this procurement course aims to introduce you to the procurement management and administration process.

Supply Chain Optimization 98

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

Procurement Tactics

AUGUST 25, 2022

Sebastian Chua started his procurement journey with Hewlett Packard/Agilent Technologies as their country manager for Singapore, India, Thailand, and the Philippines before he took on the job as the regional procurement manager. . He is known as “the secret weapon of fortune 500 chief purchasing officers”. . Sebastian Chua.

Procurement 231

Procurement Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 231

Procurement Express

DECEMBER 31, 2024

Procurement managers are pros when it comes to negotiating deals down to the penny, working closely with suppliers to secure terms that place them at a strategic advantage. However, these strategies often only account for direct procurement or the purchases associated with the products a company sells. The list goes on.

Spend management 40

Spend management Strategy Management Real-time Visibility 40

Spend Matters

FEBRUARY 26, 2025

During one breakout session, Gideon Davis (Administrator, Nevada State Purchasing Division of the Department of Administration), Anna Shpigel (Deputy Assistant Secretary, Massachusetts), and Rose Svitak (Manager, MMCAPs Knowledge and Financial Management Team) talked about the importance of aligning procurement and finance.

Procurement 116

Procurement Bidding Contract management Data 116