Remove Negotiation Remove Purchase orders Remove Supply chain resilience
article thumbnail

Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

This could include negotiating more favorable terms with suppliers or renegotiating existing contracts to ensure that prices remain competitive. This helps ensure your contracts remain favorable and that all stakeholders comply with the negotiated terms.

Price 264
article thumbnail

5 Ways Predictive Procurement Is Transforming High-Tech Manufacturing

Arkestro

How Predictive Procurement Has Become a Game Changer for High-Tech Manufacturing To stay competitive, high-tech manufacturers are increasingly adopting Predictive Procurement technology to gain greater agility, cost savings, and enhanced supply chain resilience.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Friends not Foes, Supplier Relationships Made to Last

ivalua

These teams were able to quickly communicate and negotiate with their key suppliers to establish a “supplier of choice” solution. . Now, customers who are more strategic with negotiated rates are given preferential treatment. How to Achieve Supply Chain Resilience and Agility post Covid-19.

Suppliers 246
article thumbnail

Strategic Sourcing + Smart Solutions: The Unbeatable Duo for Procurement Success

SCMDOJO

Improving Cost and Quality Every decision in strategic sourcing impacts the total cost of ownership, the quality of goods or services, and supply chain resilience. By engaging in rigorous supplier selection and negotiation, companies can secure better pricing and ensure higher quality standards.

article thumbnail

Supply Chain Collaboration — The Ultimate Guide

Procurement Tactics

The complexity of today’s supply chain makes it more prone to severe impacts from disruptions, just like what happened at the start of the pandemic. . Due to this, many organizations have put supply chain resilience as a top priority. Negotiation Course For Procurement Professionals. LEARN MORE.

article thumbnail

Procurement Rising: The Silent Inflation Tax on Manufacturers

ivalua

This ensures contracts remain favorable and all stakeholders comply with negotiated terms. The eProcurement solution enables users to create purchase orders quickly and accurately while providing visibility into status updates along each step of the procurement process.

article thumbnail

How Modern Software Empowers Procurement with Agility and Resilience in Times of Crisis

ivalua

What we learned about agility and resilience can be applied to future-proof the source-to-pay (S2P) process and help organizations meet any new challenge with confidence. The right S2P platform also helps prioritize tasks, making workdays — and workflows — far more efficient.