ivalua

FEBRUARY 10, 2023

How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy. The key for procurement teams is to stay ahead of inflationary trends so they can anticipate needs and adjust accordingly before problems arise.

Price 264

Price Strategy Sourcing Real-time Visibility 264

SCMDOJO

JANUARY 9, 2025

By engaging in rigorous supplier selection and negotiation, companies can secure better pricing and ensure higher quality standards. A 2023 Deloitte study revealed that companies using strategic sourcing models saw a 15% reduction in procurement costs.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Procurement 98

Procurement Templates

DECEMBER 11, 2024

Here are some typical procurement objectives that every procurement professional should consider. Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Savings can be cashable or non cashable i.e. cost avoidance.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

ivalua

MAY 31, 2022

Reviewing pandemic responses and strategies, some CPOs and Procurement teams managed a bit better than their peers as uncertainty and change mounted. These teams were able to quickly communicate and negotiate with their key suppliers to establish a “supplier of choice” solution. . Why is Supplier Information so important?

Suppliers 246

Suppliers Supplier relationship management supply chain software solutions Agile and Lean Supply Chain 246

Spend Matters

MARCH 25, 2025

Identifying key stakeholders Procurement operates within a complex ecosystem where multiple internal and external stakeholders hold different levels of influence. Internally, procurement teams must collaborate closely with finance, IT, legal and operational leadership, each with distinct priorities and decision-making authority.

Stakeholder engagement 91

Stakeholder engagement Management Procurement Influencing 91

Skill Dynamics

JANUARY 14, 2025

Procurement is often an overlooked area within organizations, working behind the scenes to ensure businesses have the goods and services they need to operate at their best. Considering its importance, it makes sense that modern procurement teams have a structured approach to developing essential skills and capabilities.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

Jaggaer

MARCH 24, 2025

Impact on Procurement: Gen AI leverages vast datasets to generate actionable insights, helping procurement teams predict future trends, such as market shifts, supplier performance, and demand fluctuations. How JAGGAER Helps JAGGAERs ESG solutions help procurement teams integrate sustainability into their sourcing strategies.

Procurement 52

Procurement Supply Chain Optimization Real-time Visibility supply chain budgeting 52

Supply Chain Dive

MARCH 2, 2023

Procurement teams need to be prepared with good reasons as to why their vendor should lower prices. Here’s what to consider before asking for lower costs.

Supplier negotiation 126

Supplier negotiation Negotiation Suppliers Procurement team 126

SCMDOJO

OCTOBER 27, 2023

Supplier negotiation is the most critical skill in the world of procurement. Effective supplier negotiations do not limit to the best price but a mutually beneficial agreement from both the parties that can have a profound impact on the company. The following are common types of negotiation in procurement: 1.

Supplier negotiation 105

Supplier negotiation Negotiation Suppliers Supply Chain Efficiency 105

Arkestro

DECEMBER 5, 2024

It leverages advanced technologies to optimize and automate procurement cycles and predict more favorable outcomes. Its real-time insights allow procurement teams to respond swiftly and effectively to changing market conditions and component availability.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply Chain Efficiency Supply chain resilience 52

Procurement Insights

MARCH 17, 2025

I received an email a few moments ago with the headline – NEWS: Beroe Acquires nnamu to Turbocharge Procurement Negotiations with Game Theory and AI. However, I am very familiar with a ProcureTech solution provider named ProPurchaser, which also, as I see it, “turbocharges” negotiations.

Negotiation 52

Negotiation Procurement team Real-time Visibility Cost of ownership 52

Procurement Templates

FEBRUARY 13, 2024

Risk of Sterility: Procurement processes often prioritize standardization and uniformity, which could result in Valentine’s Day celebrations feeling impersonal or sterile.

Procurement 264

Procurement Procurement team Budget Negotiation 264

Procurement Insights

DECEMBER 20, 2024

commodities) and provides actionable insights for negotiating better prices. Enables procurement teams to capitalize on supplier cost reductions (e.g., Focused on Supplier Engagement: Payback comes through better negotiation outcomes, especially in high-value or high-volume procurement categories. No; fully manual.

supply chain budgeting 58

supply chain budgeting Procurement Raw materials Supplier negotiation 58

Procurement Tactics

JULY 23, 2023

For example, the procurement team looks at their office supplies and finds some outdated technology accessories and too many stationery items that they rarely use. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2. CERTIFICATE COURSES 1.

Agile and Lean Supply Chain 196

Agile and Lean Supply Chain Supply Chain Efficiency Procurement team Quality 196

SCMDOJO

FEBRUARY 16, 2025

The Role of Agentic AI in Supply Chains Supply chains are dynamic and complex, requiring continuous decision-making across multiple functions, from procurement and inventory management to logistics and demand forecasting. Helps businesses drive cost savings and mitigate procurement risks.

Supply Chain Efficiency 72

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 72

Procurement Tactics

JULY 2, 2023

Negotiation Course Learn from industry experts who negotiated billion $ deals 2. Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4.  Menu Course Library 1.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

Procurement Templates

MARCH 6, 2024

When procurement bear fruit who are you within the fruit basket? Pineapple Procurement Manager: Imagine this person as the pineapple of the procurement team—sweet on the outside but with a tough core when it comes to negotiations. Kiwi Procurement Analyst: Small but mighty, with a sharp eye for detail.

Procurement 130

Procurement Procurement team Negotiation Innovation 130

Procurement Tactics

OCTOBER 13, 2022

However, not many people know their real role in procurement. . We will discuss the role of strategic sourcing managers within the procurement team and their responsibilities in a company. Want to become a Negotiation Game Changer? Assess and calculate the costs of procurement. Negotiation skills.

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

Procurement Tactics

MAY 2, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Contracts — Embracing Sustainability in Procurement Sustainable contracts allow companies to oblige their suppliers to practice sustainable and ethical practices once they sign them.

Sustainability 181

Sustainability Contract Procurement Negotiation 181

RPF360

SEPTEMBER 30, 2022

As procurement teams become increasingly lean and strategic, how can practitioners develop deeper skills and understanding for the future? Explore how adopting modern procurement skills like data analysis, RFP automation, procurement negotiation and more translate into efficiency and effectiveness.

Procurement 130

Procurement Procurement team Negotiation Data 130

Procurement Templates

MARCH 3, 2024

Supplier Analysis : Evaluate the organization’s relationships with suppliers within each procurement category. Identify opportunities for consolidating supplier relationships, negotiating better terms, or diversifying the supplier base to mitigate risks.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Procurement Tactics

NOVEMBER 23, 2022

By working with procurement teams, companies can source external resources that may help achieve CSR initiatives. . When the company is looking for external resources, sustainable procurement can help document the needs of the organization to ensure that the solution aligns with your initiatives. . CSR is a culture of a company.

Procurement 206

Procurement Ethics Sustainability Supply Chain Efficiency 206

Procurement Tactics

JULY 21, 2023

Negotiation Course Learn from industry experts who negotiated billion $ deals 2. Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4.  Menu Course Library 1. CERTIFICATE COURSES 1.

Negotiation 177

Negotiation Procurement strategies Sustainability Procurement 177

ProcurePort

AUGUST 13, 2020

Contract management software (CMS) is revolutionizing the way sourcing and procurement teams do business. Technology has changed how contracts are signed, negotiated, and renewed. Gone are the days of tedious paper-based contracts.

Contract management 130

Contract management Contract Management Procurement team 130

Positive Purchasing

FEBRUARY 18, 2025

But what do these changes mean for managing supplier relationships and conducting negotiations in the public sector? Setting the Scene: Evolution in Public Sector Procurement Traditionally, public sector procurement has been governed by stringent regulations to ensure transparency, fairness, and value for taxpayers.

Procurement 52

Procurement Supplier relationship management Negotiation Contract 52

Procurement Tactics

JULY 4, 2023

Negotiation Course Learn from industry experts who negotiated billion $ deals 2. Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4.  Menu Course Library 1.

Raw materials 209

Raw materials supply chain software solutions supply chain budgeting Price 209

Arkestro

NOVEMBER 12, 2024

However, as supply chains have evolved into complex, global systems, the demands on procurement, and associated workload have increased significantly. Today’s procurement challenges go far beyond cost negotiations and sourcing. While this approach saves time and effort, it also comes with inherent risks.

Procurement 52

Procurement Bidding Procurement team Supply Chain Efficiency 52

World of Procurement blog

MAY 10, 2024

The Promise of AI for Procurement Teams Artificial intelligence (AI) has the potential to transform and revolutionize procurement processes. By combining spend visibility with insights from AI, procurement teams are better equipped to implement category-specific cost savings initiatives.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

SCMDOJO

MARCH 14, 2025

Final Shortlisting If a particular vendor, based on the qualification criteria and scoring has been deemed suitable, then proceed with the next phase, that is negotiations. Negotiations In some cases, entities may engage shortlisted vendors in a final round of negotiations to determine payment cycles, deliverables and timelines.

Bidding 59

Bidding Contract Contract management Price 59

Procurement Software

MARCH 16, 2025

As a result of better data, procurement teams gain a whole range of benefits. They can make informed decisions, negotiate more effectively, and identify cost-saving opportunities faster. Procurement now has its turn to drive efficiency and performance gains through better data.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

Arkestro

DECEMBER 3, 2024

Arkestro’s unique approach enables procurement teams to deliver competitive quote outcomes without adding cycle time. Joining the marketplace amplifies Arkestro’s ongoing mission to empower procurement teams with the technology needed to deliver faster and smarter outcomes at scale.

Influencing 52

Influencing supply chain budgeting Supply Chain Optimization Procurement team 52

Procurement Tactics

JUNE 22, 2023

Negotiation Course Learn from industry experts who negotiated billion $ deals 2. Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4.  Menu Course Library 1.

Purchase orders 200

Purchase orders Purchasing supply chain software solutions Buyers 200

Barkers Procurement

DECEMBER 12, 2024

Procurement teams who just assume small suppliers have the means to enter the A&D market are missing a trick. In practice, these businesses are liable to drop out before bidding or contract negotiations can be completed. Taking action to save small suppliers time might pose an initial cost to the procurement team.

Suppliers 52

Suppliers Bidding Negotiation Procurement team 52

Jaggaer

FEBRUARY 5, 2025

This allows the procurement team to quickly identify the lowest or most favorable bid based on cost factors. Historical data and AI-driven insights help optimize decision-making, allowing procurement teams to focus their expertise on more nuanced evaluations like supplier alignment with business strategy and customer service approach.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

Procurement Templates

APRIL 15, 2024

Communicate Vision: Share the vision and objectives with the procurement team and stakeholders to gain buy-in and alignment. Stage 4: Process Improvement Days 31-40 Streamline Processes: Implement improvements to streamline procurement processes, reduce inefficiencies, and enhance compliance.

Procurement team 130

Procurement team Contract management Innovation Contract 130

Positive Purchasing

OCTOBER 25, 2024

Unlock the Future of Negotiations with Our 45-Minute Webinar on Procurement Tech! We’re excited to bring you an exclusive 45-minute webinar on 3rd December 14:00 GMT designed to help you level up your negotiations using the latest cutting-edge procurement tech. The question is: are we ready for this tech takeover?

Negotiation 52

Negotiation Procurement Supplier negotiation Influencing 52

Procurement Heads

OCTOBER 12, 2022

My role was to professionalise the team, work out where cost savings could be made and put a plan in place to deliver on that. The first thing I did was to strengthen the management of the procurement team. My philosophy has always been to align procurement to the business and to try to make the team as proactive as possible.

Chief Procurement Officer 246

Chief Procurement Officer Real-time Visibility Procurement team Procurement 246