Procurement Insights

JANUARY 3, 2025

20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management. Analytics and insights from procurement data were minimal.

Agile and Lean Supply Chain 52

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

Sourcing and Supply Chain

JUNE 24, 2021

Unlike strategic sourcing, category management takes a proactive instead of a reactive approach to sourcing activity that provides detailed insight into factors affecting the price of a service or good. It works both in terms of strategic and operational points of view as shown in the above figure. Spend Analysis Data.

Category management 52

Category management Management Procurement Market analysis 52

Arkestro

NOVEMBER 17, 2022

” “The sourcing market has far more to it than meets the eye. supplier surveys, risk analysis, bid analysis, contract negotiations/awarding and more,” said Jason Busch, Founder and Lead Research Analyst at Spend Matters.

Bidding 52

Bidding Market analysis Strategic sourcing Strategic sourcing 52

World of Procurement blog

APRIL 24, 2024

Market Analysis & Sourcing Strategy : Understanding market dynamics and developing strategic sourcing plans. Contract Management & Performance Analysis : Ensuring suppliers meet contractual obligations and contribute to organizational value.

Procurement 52

Procurement Supplier relationship management Strategic sourcing Strategic sourcing 52

World of Procurement blog

APRIL 23, 2024

Market Analysis: Understand the market dynamics, supplier landscape, and trends affecting your procurement needs. Develop Your Approach: Choose your procurement methods based on analysis. Define Your Objectives: Establish what you want to achieve with your procurement activities.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

World of Procurement blog

APRIL 23, 2024

Market Analysis: Staying abreast of market trends that can affect supply and demand, thereby adjusting procurement strategies as necessary. Building and maintaining strong relationships with vendors for long-term collaboration. Contract Negotiation: Negotiating contracts to secure advantageous terms on behalf of their company.

supply chain budgeting 52

supply chain budgeting Management Procurement Chief Procurement Officer 52

World of Procurement blog

APRIL 23, 2024

Market Analysis: Understand the market dynamics, supplier landscape, and trends affecting your procurement needs. Develop Your Approach: Choose your procurement methods based on analysis. Define Your Objectives: Establish what you want to achieve with your procurement activities.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

World of Procurement blog

APRIL 23, 2024

Market Analysis: Staying abreast of market trends that can affect supply and demand, thereby adjusting procurement strategies as necessary. Building and maintaining strong relationships with vendors for long-term collaboration. Contract Negotiation: Negotiating contracts to secure advantageous terms on behalf of their company.

supply chain budgeting 52

supply chain budgeting Management Procurement Chief Procurement Officer 52

Una

SEPTEMBER 22, 2022

As you begin to navigate this category, some of the same strategic sourcing best practices can be used as a guide to IT procurement as well. Thinking strategically involves planning for the long-term, making decisions based on data and the overall goals of the organization, building strong relationships, and more.

Procurement 98

Procurement Real-time Visibility Contract Purchasing 98

SCMDOJO

FEBRUARY 13, 2023

Supporting the organization’s goals through effective strategies: The procurement team supports the organization by monitoring supply markets and trends, identifying critical materials, and developing effective procurement strategies to increase competitiveness.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

Skill Dynamics

OCTOBER 19, 2023

These specific skills help sourcing managers foresee potential industry changes and potential supply chain problems. Effective role-based training for sourcing managers therefore includes training that sharpens their strategic thinking, supplier assessment, and market analysis skills.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 52

SCMDOJO

APRIL 26, 2023

Market analysis, competitive forces, and external factors. Market forces determine supply risks. Category management will have to be planned carefully considering all potential market forces and threats within the environment. Category management help create visibility of spend and accountability.

Category management 108

Category management Management Supplier relationship management supply chain software solutions 108

NLPA (Next Level Purchasing Association)

SEPTEMBER 13, 2021

Effective market surveys and analyses are processes that identify whom procurement professionals want to bid on their requirements. The components of good market analysis include the following: Identifying current suppliers. Particularly with Strategic Sourcing Opportunities, you must be careful with supplier selection.

Supply market 52

Supply market Bidding Supply Suppliers 52

Pipefy

JANUARY 31, 2023

Strategic sourcing A method of supply chain management by which businesses formally gather and use vendor and supplier information to get the best total value for the entire supply chain process. It requires constant market analysis and continual evaluations of vendor performance and prices.

Procurement 52

Procurement Bidding Supply Chain Efficiency supply chain software solutions 52

Una

MARCH 6, 2024

Market Analysis Outsource the analysis of market trends, supplier market intelligence, and finding new suppliers. Strategic Sourcing Need some expert advice? Let someone else do the digging for you. Supplier Relationship Management Yes, even certain relationships can be outsourced!

Procurement 52

Procurement Agile and Lean Supply Chain Purchasing Supply Chain Efficiency 52