Spend Matters

JULY 24, 2023

So while this year’s report places a lot of emphasis on operating model set-up and talent management, we wish to highlight the ‘Digitization’ section because Procurement has a clear imperative to build agility and resilience into supply chains. Part of the solution lies in digitalization.

supply chain budgeting 98

supply chain budgeting Budget Agile and Lean Supply Chain Risk 98

Procurement Templates

MARCH 3, 2024

Stakeholder Engagement : It’s important to involve relevant stakeholders in the assessment process to ensure that their needs and preferences are considered. Stakeholders may include department heads, end-users, finance teams, and others who will be impacted by the procurement decisions.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Barkers Procurement

JANUARY 8, 2023

Category management is a long-term, strategic approach to procurement in which certain employees or teams of employees are responsible for procuring specific types of items, such as IT equipment, office supplies or construction materials. You’ll be able to see where you could reduce costs in your category.

Category management 52

Category management Management Market knowledge Stakeholder engagement 52

The Good Spending

AUGUST 23, 2022

Yet, it is helpful to understand that we need to master the basics, then the cost, and, at last, the demand. It is agreeable that demand management is the sign of ultimate procurement professionalism. Cost avoidance Future years. It is difficult to foresee the value of such an increase, so it's randomly being budgeted.

Procurement 98

Procurement supply chain budgeting Supply Chain Optimization Budget 98

Una

OCTOBER 26, 2023

What Skills Does an ESG Procurement Manager Need? Organizations are feeling the need to fill highly-skilled ESG procurement manager roles to meet consumer demand for sustainable goods. Why is demand for ESG procurement managers growing? Improving ESG can also avoid costs stemming from reputational damage and legal liabilities.

Management 52

Management Procurement Supply Chain Efficiency Stakeholder engagement 52

Supply Chain Trend

OCTOBER 14, 2016

The NPS is a powerful approach, however I will always suggest to ask more than one question to measure S&OP stakeholder engagement during an S&OP journey. S&OP is often implemented from a Supply Chain perspective and the NPS in the supply chain community will likely be favorable.

supply chain budgeting 84

supply chain budgeting Supply Chain Efficiency Influencing Stakeholder engagement 84

Supply Chain Trend

DECEMBER 19, 2016

However, S&OP has not yet substantially delivered on its ultimate promise of enterprise wide resource management, rolling financial forecasting and strategy deployment. To get some answers for S&OP practitioners, Niels van Hove founder of Supply Chain Trend, interviewed a group of S&OP leaders.

supply chain software solutions 60

supply chain software solutions supply chain budgeting Innovation Budget 60

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. Procurement is strategically important because it: Drives significant cost savings through economies of scale, supplier negotiations, and process efficiencies.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

The Procuretech Podcast

OCTOBER 12, 2022

From CPO to Advising Startups - Joanna Martinez from Supply Chain Advisors. Her mission is to help individuals and businesses understand technology, improve processes and align with stakeholders. She spent the first third of her career in supply chain roles for Johnson and Johnson. That's the Holy Grail, isn't it?

supply chain budgeting 40

supply chain budgeting supply chain software solutions Supply chain Supply 40

The Procuretech Podcast

OCTOBER 10, 2023

In the first section, he discusses fundamental challenges and opportunities in procurement, highlighting the change management process during digital transformations as a significant hurdle. He stresses the importance of involving stakeholders, as well as the need to improve internal marketing and communication efforts.

supply chain software solutions 40

supply chain software solutions Stakeholder engagement supply chain budgeting Supply Chain Efficiency 40

Empowering CPO

JUNE 26, 2023

Spend analysis refers to the process of examining and categorizing an organization’s spending patterns, supplier relationships, and purchasing behavior to identify opportunities for cost reduction, process improvement, and strategic decision-making. Understanding the Healthcare Landscape A.

supply chain budgeting 52

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

Procurement Software

APRIL 9, 2024

While on the other hand we must equip our teams to tackle sustainability, geopolitical instability and ensuing supply chain disruptions. So, let’s assume that we’re probably not going to get additional budget for more people or tech investments. They have a team of 10 procurement category managers.

Category management 40

Category management Procurement supply chain budgeting Budget 40

TYA Suite

JULY 17, 2024

A procurement strategy is a comprehensive plan designed to streamline and manage the process of acquiring goods and services an organization needs to operate efficiently. Incorporates digital procurement strategies to track and report sustainability metrics across the supply chain.

Procurement strategies 40

Procurement strategies Strategy Supply Chain Efficiency Procurement 40

Empowering CPO

MAY 4, 2023

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. Supplier management systems: Tools that help track, evaluate, and manage supplier relationships and performance.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52