Jaggaer

MARCH 24, 2025

Together, they enable procurement teams to move from reactive to proactive, optimizing sourcing strategies, improving supplier negotiations, and ensuring more accurate, real-time decision-making. Predictive AI, on the other hand, uses historical data to forecast potential disruptions, price changes, and supply chain risks.

Procurement 52

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

Procurement Tactics

FEBRUARY 19, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter ChatGPT in Procurement — Revolutionizing the Norm ChatGPT is getting popular not just in procurement but also in various industries as it assists professionals in their everyday work. However, what is it?

Procurement 287

Procurement Market analysis Contract Suppliers 287

Procurement Tactics

APRIL 17, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Government Procurement — Shifting to Sustainability Sustainable government procurement is the commitment of the government to achieve sustainability in its purchases. However, what is it?

Sustainability 201

Sustainability Procurement Negotiation Bidding 201

Procurement Insights

DECEMBER 20, 2024

Fast ROI Through Cost Savings: Tracks supplier input costs (e.g., commodities) and provides actionable insights for negotiating better prices. Enables procurement teams to capitalize on supplier cost reductions (e.g., Cost reductions through negotiation. declining raw material prices). Minimal; requires manual setup.

supply chain budgeting 58

supply chain budgeting Procurement Raw materials Supplier negotiation 58

SCMDOJO

FEBRUARY 16, 2025

They can proactively identify risks, optimize processes in real time, and even negotiate supplier contracts without human oversight. Keelvar Keelvar specializes in autonomous procurement and supplier negotiations, making sourcing more efficient and cost-effective. Assesses supplier bids and optimizes contract terms.

Supply Chain Efficiency 73

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 73

ProcurePort

MAY 10, 2023

• Improved Cost Efficiency: Strategic sourcing software enables businesses to analyze and optimize their procurement processes, resulting in significant cost reductions and improved supplier negotiation outcomes.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supplier negotiation 130

Spotlight on Procurement

APRIL 29, 2020

Simon Lipscomb, Sales and Marketing Director at Efficio speaks to Greg Horgan and Tibor Sotkovszki about how to run successful supplier negotiations Key discussion points include: How to approach supplier negotiations Key to success in negotiations Long term impact of negotiations

Supplier negotiation 40

Supplier negotiation Negotiation Suppliers 40

ProcurePort

AUGUST 18, 2021

While this may sound simple, a lot of work happens in between when challenges in procure to pay process to arise including finding the right supplier, negotiating contracts, tracking supplier performance, following up on discounts, […].

Supplier negotiation 130

Supplier negotiation Procurement Negotiation Contract 130

Jaggaer

JULY 2, 2020

Supplier negotiation skills are essential for anyone working in procurement. It’s become standard for companies to train their employees on negotiation tactics to get better deals from suppliers, but these skills are also useful outside of the buyer -supplier relationship. Supplier negotiation isn’t easy.

Negotiation 71

Negotiation Supplier negotiation Procurement Suppliers 71

Procurement Tactics

MAY 30, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Procurement Managers — The Ultimate Guide Procurement managers are not easy, but the role is rewarding, interesting, and crucial to the success of a business. However, what are their roles in procurement?

Management 178

Management supply chain budgeting Procurement Negotiation 178

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

Let's Talk Supply Chain

FEBRUARY 27, 2025

Hear are some strategies to consider: Supplier Negotiations: Regularly ‍review and renegotiate contracts ‍with suppliers to secure better pricing terms. Diversification: Diversify your supplier base to spread risk and take advantage of different pricing structures.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain Demand 52

Positive Purchasing

DECEMBER 5, 2024

Transforming Negotiations with Procurement Technology In our latest webinar, we explored how procurement technology is revolutionizing negotiations. Traditionally reliant on face-to-face interactions and personal influence, the negotiation process is evolving in the digital age, driven by AI, data analytics, and online platforms.

Negotiation 52

Negotiation Supplier negotiation Procurement Strategic sourcing 52

Procurement Foundry

AUGUST 29, 2022

A stellar negotiation strategy allows you to achieve astounding results. They must keep costs low without sacrificing quality. Sometimes, this can seem like mission impossible. However, some brands can achieve this cost-savings mission. for years.

Supplier negotiation 52

Supplier negotiation Negotiation Suppliers Quality 52

Spend Matters

JULY 15, 2024

Imagine a company navigating a complex network of supplier negotiations, payment terms and cash flow management. In the realm of modern business operations, effective financial management is not just a task, it’s the heartbeat that drives growth and sustains operations.

Supplier negotiation 117

Supplier negotiation Sustainability Negotiation Networking 117

Procurement Insights

APRIL 3, 2025

NOTE: In the video, below the interview starts at the 4:41 mark ProcurEngine ProcurEngine is a procurement automation platform that emphasizes streamlining sourcing, negotiation, and supplier management through digital tools and analytics. Measurement: Supplier scores serve as a measurable benchmark (e.g.,

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain Real-time Visibility 52

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. What role will humans continue to play in the negotiation process?

Negotiation 52

Negotiation Procurement Supplier negotiation Influencing 52

SCMDOJO

FEBRUARY 21, 2025

Heres how: Diversifying the Supplier Base to Reduce Dependency Risks Implementing Risk Assessment & Contingency Planning Balancing Cost Optimization with Resilience Strengthening Supplier Relationships & Collaboration Leveraging Technology & Data-Driven Procurement What Are the Benefits of Refining Your Procurement Strategy?

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 59

Procurement Tactics

JUNE 28, 2023

Negotiation Course Learn from industry experts who negotiated billion $ deals 2. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2. By applying historical data on pricing, quantities, and terms, it enables organizations to negotiate favorable terms with suppliers.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Procurement Insights

MARCH 16, 2025

MCP ensures that AI remembers preferred bid evaluation metrics , supplier preferences, and prior negotiations. Improved Outcome: More efficient bid evaluations and negotiations , reducing manual effort and bias. ABM models supplier behaviors and adjusts negotiation strategies dynamically.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

NLPA (Next Level Purchasing Association)

MARCH 6, 2025

A 2020 report by The Gap Partnership revealed that nearly half of senior procurement professionals admit to lacking confidence in their face-to-face negotiation skills. What Youll Gain: Secure supplier agreements that maximize cost savingswhile increasing supplier relationships.

Negotiation 52

Negotiation Chief Procurement Officer Procurement Supply Chain Efficiency 52

Procurement Insights

AUGUST 27, 2023

@momalicious5 #kids #store #tantrum #embarrassing You think you’re going to embarrass me You will be mistaken ♬ original sound – Momalicious5 30

Supplier negotiation 40

Supplier negotiation Buyers Negotiation Suppliers 40

Spend Matters

MARCH 25, 2025

Organizations must integrate procurement into enterprise-wide decision-making processes to foster collaboration, ensuring that procurement leaders are actively involved in budgeting, supplier negotiations and technology adoption discussions.

Stakeholder engagement 70

Stakeholder engagement Management Procurement Influencing 70

CPO Rising

FEBRUARY 3, 2023

Fridays (in 2023) means that it’s time for another CPO Rising Listicle. Each list will include a variety of procurement tips, trends, insights, research, lists, strategies, and/or recommendation designed to help procurement teams improve operations. We’ll also include a summary graphic for you to share with your team.

Supplier negotiation 52

Supplier negotiation Negotiation Suppliers Procurement team 52

SCMDOJO

FEBRUARY 26, 2025

indicates cost inefficiency, signaling a need for supplier negotiations or alternative sourcing strategies. al, negotiating better rates , or consolidating shipments. Better Supplier and Contract Management: Helps in negotiating better contracts by analyzing cost performance trends. A CPI of 0.83

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Raw materials 52

Procurement Templates

APRIL 15, 2024

This might mean trying out new vendors or negotiating non-traditional contracts to achieve better results. More likely to offer alternative solutions or more willing to try different procurement procedures that allow innovation, dialogue, negotiation and risk taking. More likely to have imposter syndrome and doubt themselves.

Influencing 130

Influencing Negotiation Risk Innovation 130

Procurement Templates

MARCH 3, 2024

Supplier Analysis : Evaluate the organization’s relationships with suppliers within each procurement category. Assess supplier performance, capabilities, reliability, and overall value delivered. Research: Gather relevant information about the supplier, market conditions, industry standards, and alternatives available.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Una

NOVEMBER 13, 2023

How to Negotiate in a Power Imbalance Strategies you can use to negotiate in a power imbalance and level the playing field in a way that leads to win-win outcomes for everyone involved. Strategies to negotiate in a power imbalance Let’s talk strategy. How do you negotiate when the odds seem stacked against you?

Negotiation 52

Negotiation Purchasing Price Suppliers 52

CPO Rising

JANUARY 12, 2024

Editor’s Note: Over the next few weeks on CPO Rising, we’re publishing some “best of” 2023 articles as we reflect on the year and prepare for the new year ahead. Fridays (in 2023) means that it’s time for another CPO Rising Listicle. Each list will include a variety of procurement tips, trends, […]

Supplier negotiation 52

Supplier negotiation Negotiation Suppliers Procurement 52

Procurement Insights

DECEMBER 6, 2024

ProPurchaser ** ProPurchaser** operates in the procurement intelligence and cost management sector, providing tools and data to assist supply chain professionals in negotiations. This lecture focuses on best practices in preparing for supplier negotiations, emphasizing the importance of cost transparency and strategic negotiation techniques.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions supply chain budgeting Supply Chain Optimization 52

Procurement Insights

MAY 6, 2024

Leading Education Institution Negotiation Course (Traditional Online Format) This leading institution’s Negotiation Course is a 100% online course offered on the university’s own platform. To take the online negotiation course, you’ll have to pay the full fee of $1,600 when you register for the course.

Negotiation 85

Negotiation Supplier negotiation Suppliers Contract 85

SCMDOJO

DECEMBER 14, 2023

Task-Specific Services: Primarily involved in tasks like supplier identification, negotiation, and quality control. Negotiation and Contractual Agreements: Getting the Best Deal With a list of potential suppliers in hand, the sourcing agency takes on the role of a skilled negotiator.

Sourcing 104

Sourcing Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 104

Una

MARCH 6, 2023

Negotiate in areas other than pricing If a supplier negotiation has reached an impasse, this doesn’t necessarily mean it is doomed to failure. How to innovate: Consider everything in the contract to be negotiable. How to innovate: Reduce your multi-page RFX documentation to a Lean “plan on a page”.

Purchasing 98

Purchasing Innovation Agile and Lean Supply Chain Supplier relationship management 98

Una

APRIL 6, 2023

Many consider procurement’s job to be complete once a contract has been negotiated and signed. Benefits realization in procurement Without monitoring contract compliance and supplier performance over time, the monetary and other benefits you worked so hard to secure throughout the supplier negotiation can be seriously eroded.

Procurement 97

Procurement Supplier relationship management Supplier negotiation Contract 97

Jaggaer

FEBRUARY 5, 2025

The Power of Source-to-Pay Digital Transformation To put it briefly, source-to-pay refers to the entire process that starts with finding, negotiating with, and contracting the suppliers of materials, goods and services, and culminates in the final payment for those items. H uman expe rtise will remain indispensable in procurement.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

Procurement Insights

JANUARY 3, 2025

Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.

Agile and Lean Supply Chain 52

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

SCMDOJO

APRIL 20, 2023

Within this department, the procurement manager plays a key role in overseeing the entire process, from identifying the need for goods or services to negotiating contracts with suppliers. Read More: Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities ] What does a Procurement Manager do?

Management 116

Management Procurement Contract management Supply Chain Optimization 116