World of Procurement blog

APRIL 23, 2024

Strategic Sourcing : Identifying and developing key suppliers and products to optimize spend. Risk Management : Assessing and mitigating risks associated with suppliers and agreements. Supplier Relationship Management : Building and maintaining positive relationships with suppliers.

Ethics 52

Ethics Procurement Supplier relationship management Market knowledge 52

World of Procurement blog

APRIL 23, 2024

Strategic Sourcing : Identifying and developing key suppliers and products to optimize spend. Risk Management : Assessing and mitigating risks associated with suppliers and agreements. Supplier Relationship Management : Building and maintaining positive relationships with suppliers.

Ethics 52

Ethics Procurement Supplier relationship management Market knowledge 52

Procurement Templates

MARCH 6, 2024

their charm and warmth make them the go-to person for smoothing out any rough patches and fostering positive connections with suppliers. They’re the mastermind behind our procurement strategy, leveraging their keen insights and market knowledge to drive sweet success.

Procurement 130

Procurement Procurement team Negotiation Innovation 130

Supply Chain Game Changer

OCTOBER 29, 2020

Market Knowledge. For your freight sourcing team to be efficient and effective, it is important that they have a strong knowledge of the market that your business is in. As a BCO you would be using a wide range of suppliers including hauliers, freight forwarders , NVOCCs and VOCCs.

Supply Chain Efficiency 75

Supply Chain Efficiency Sourcing Negotiation Supply chain 75

Empowering CPO

JULY 16, 2023

Managed procurement services leverage expert knowledge and cutting-edge technology to not only simplify the procurement process but also to identify cost-saving opportunities, ensure supplier compliance, and manage risks.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Empowering CPO

JULY 17, 2023

It involves streamlining processes, mitigating risks, managing supplier relationships, and leveraging spend to achieve competitive advantages. Procurement is a complex process involving market research, supplier negotiations, contract management, and risk assessment.

Management 52

Management Procurement Vendor relationships Supply Chain Efficiency 52

The Procuretech Podcast

MARCH 15, 2022

If you're given the basics to get on with, you can do your due diligence on the potential software suppliers you're considering. So, if your organisation doesn't have a corporate subscription to one of the big research houses, then how do you access market knowledge? You're smart people. No Corporate Subscriptions.

supply chain software solutions 52

supply chain software solutions Procurement Supply Chain Efficiency Market knowledge 52

Empowering CPO

JULY 16, 2023

Managed procurement services leverage expert knowledge and cutting-edge technology to not only simplify the procurement process but also to identify cost-saving opportunities, ensure supplier compliance, and manage risks.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

Empowering CPO

JUNE 14, 2023

It’s a strategic function that involves understanding market trends, analyzing suppliers, negotiating contracts, and managing relationships, among other tasks. For one, they often focus too heavily on price at the expense of other factors, such as quality, sustainability, and supplier innovation.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Empowering CPO

JULY 5, 2023

Our offerings, from spend analysis and sourcing support to contract and supplier management, are designed to optimize procurement operations, improve efficiency, and drive cost savings. With paper-based systems, the procurement cycle was long, supplier data was disorganized, and visibility into procurement operations was limited.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Real-time Visibility 52

Empowering CPO

JULY 2, 2023

This approach allows businesses to leverage the expertise of procurement specialists to streamline operations, optimize supplier relationships, and most importantly, reduce costs. This involves everything from identifying requirements and sourcing suppliers to negotiating contracts, placing orders, and managing supplier relationships.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Empowering CPO

JUNE 30, 2023

It involves everything from identifying requirements, sourcing suppliers, negotiating contracts, managing orders, ensuring timely delivery, to evaluating supplier performance. Lack of Expertise: Procurement requires a broad set of skills—market research, contract negotiation, supplier management, risk assessment, and more.

Management 40

Management Procurement Real-time Visibility Supply Chain Efficiency 40

Empowering CPO

JUNE 30, 2023

These services can range from strategic sourcing and supplier management to purchase order management and invoicing. This not only results in significant cost savings but also fosters innovation, as businesses can source from a global pool of suppliers, accessing the best products, services, and technologies available.

Management 40

Management Procurement Supply Chain Efficiency Strategic sourcing 40

EazyStock

MARCH 3, 2022

To get precise forecasting, you should combine historical sales or demand data ( quantitative forecasting ) with market knowledge of potential fluctuations ( qualitative forecasting ). Adding ‘human input’ to statistical calculations is very useful during times of market instability.

Inventory 52

Inventory Management Supply Chain Optimization supply chain software solutions 52