SCMDOJO

APRIL 29, 2024

Are you interested in understanding how businesses effectively manage their supply chains? Look no further – this guide is here to help you grasp the fundamentals of supply chain management (SCM) and how it can lead to success. It encompasses activities such as procurement, supplier selection, and evaluation.

Supply chain management 98

Supply chain management Supply chain management Agile and Lean Supply Chain supply chain budgeting 98

Spend Matters

MARCH 25, 2025

However, the reality is that stakeholders, including budget owners, business units, etc., One of the most effective ways to achieve this is by using data-driven storytelling to showcase procurements role in cost savings, efficiency gains and risk management. largely control procurements level of influence.

Stakeholder engagement 70

Stakeholder engagement Management Procurement Influencing 70

Procurement Software

MAY 21, 2024

Will AI replace procurement professionals in negotiations? But, this then begs the question, what about negotiation? Could AI replace the need for procurement professionals in negotiations? AI, procurement and supplier negotiations: where is this going? But, not so fast. And, if so, to what extent will this happen?

Supplier negotiation 52

Supplier negotiation Negotiation Suppliers Procurement 52

SCMDOJO

MARCH 19, 2024

In today’s fast-paced business landscape, having an efficient supply chain department is more important than ever. A streamlined supply chain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 98

Procurement Tactics

JUNE 28, 2023

Negotiation Course Learn from industry experts who negotiated billion $ deals 2. Tracking Key Performance Indicators (KPIs), conducting supplier evaluations , and maintaining supplier scorecards can be a part of this process. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2.

Supply Chain Efficiency 178

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

Procurement Insights

MARCH 16, 2025

Improved Outcome: Procurement teams get context-aware supplier suggestions , reducing risk and improving supplier relationships. Contextualized Spend Analysis & Cost Optimization AI models use MCP to remember previous spend categories, budget constraints, and organizational purchasing behavior.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 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. COMPETITORS 1. Subsequently, in February 2022, Dairy.com, Ever.Ag, and EFC Systems merged to form a unified entity under the Ever.Ag

Supply Chain Efficiency 52

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

Procurement Templates

MARCH 3, 2024

Risks may include budget constraints, supply chain disruptions, quality issues, legal compliance, etc. Budget Analysis : Evaluating the available budget and financial resources is crucial to ensure that the procurement activities align with the organization’s financial capabilities.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

SCMDOJO

OCTOBER 7, 2024

The Global Supply Chain is thriving with each passing day. However, the game-changer is how Cost Efficiency and Cost Effectiveness play their role in the supply chain. Let’s learn the role of cost efficiency vs cost effectiveness! What is Cost Efficiency? to the Cost incurred.

Supply Chain Efficiency 92

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 92

Jaggaer

JUNE 28, 2024

Procurement and supply chain professionals are emerging as enterprise linchpins. Our research shows that despite the strategic role procurement and supply chain teams play, these professionals remain underequipped, which presents a huge risk to organizations,” said Andy Hovancik, Chief Executive Officer at JAGGAER.

supply chain budgeting 52

supply chain budgeting Supply chain management Supply chain management Agile and Lean Supply Chain 52

SCMDOJO

DECEMBER 14, 2023

Task-Specific Services: Primarily involved in tasks like supplier identification, negotiation, and quality control. Here, the agency seeks to understand the client’s specific needs, budget constraints, and quality standards. Limited Scope: Offers a more focused and individualized approach to the procurement process.

Sourcing 104

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

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

Una

JUNE 1, 2023

By Hugo Britt | June 1, 2023 Search Are you a recent graduate seeking a career path that combines strategic decision-making, problem-solving, and impactful negotiations ? Make a real impact in ESG and sustainability Procurement is not just about reducing costs ; it’s also about driving innovation and embracing sustainable practices.

Procurement 98

Procurement supply chain budgeting Sustainability Negotiation 98

Una

MARCH 6, 2023

After all, procurement teams are supposed to be the cost-cutting experts, so an unnecessarily expensive and wasteful function goes against procurement’s central mission. Getting Lean may therefore mean finding ways to reduce cost-to-source, or reducing the team headcount and doing more with less.

Purchasing 98

Purchasing Innovation Agile and Lean Supply Chain Supplier relationship management 98

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.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

NLPA (Next Level Purchasing Association)

MARCH 16, 2023

Spend Management is a critical function within an organization, and it involves the strategic management of the company’s spending to reduce costs, improve efficiency, and enhance profitability. We should also monitor the actual expenses against the projected spend to ensure that we are staying within our budget.”

Spend management 98

Spend management Management Procurement supply chain budgeting 98

ivalua

MARCH 9, 2023

S2P is the end-to-end process that encompasses all the activities between an organization and its suppliers. It starts with identifying the right suppliers for a need, sharing requirements and evaluating supplier offers, selecting the most appropriate supplier, negotiating terms and contracting with them to receive goods and/or services.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

Skill Dynamics

NOVEMBER 17, 2022

In our experience of working with supply chain and procurement organizations around the world, there are three things every organization can do to ensure training not only sticks but becomes a way of work. Tie training to objectives.

supply chain budgeting 96

supply chain budgeting Cost of ownership Supplier negotiation Supply chain 96

Una

APRIL 25, 2023

Here are some of the factors that cause time constraints in procurement: Increased complexity The globalization of markets and the expansion of the supply chain bring cost benefits, but have also led to an increase in the volume and complexity of procurement activities. Why are Sourcing Heroes so often time-poor in procurement?

Procurement 94

Procurement supply chain budgeting Supply Chain Efficiency Contract 94

SCMDOJO

JULY 3, 2023

Procurement training equips you to excel in the corporate world by teaching you everything from supplier dynamics to negotiating strategies. It goes beyond the concepts found in textbooks by providing real-world examples and useful advice.

Cost of ownership 98

Cost of ownership Procurement Category management supply chain software solutions 98

Arkestro

OCTOBER 10, 2023

Then we’ll discuss how AI and other innovative technologies are removing current complexities, allowing oil and gas companies to reduce costs, optimize supply chains, and make data-driven decisions. As a result, the industry’s efficiency is falling while operational costs rise. trillion.

Agile and Lean Supply Chain 52

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

TYA Suite

NOVEMBER 15, 2024

Having a solid risk management plan allows companies to anticipate problems before they escalate, ensuring that supply chains remain efficient and reliable. By monitoring suppliers regularly, businesses can detect issues early and respond proactively. This process is known as supplier risk management.

Risk management 40

Risk management Risk Suppliers Strategy 40

SCMDOJO

DECEMBER 11, 2023

Cost Savings: One of the primary benefits of procurement reports is their ability to contribute to cost savings. Through detailed analysis of procurement processes, expenditures, and supplier negotiations, organizations can identify opportunities for cost reduction. Download Free Supplier Performance Report 3.

Supply Chain Efficiency 21

Supply Chain Efficiency Purchase orders Procurement Bidding 21

Arkestro

MARCH 27, 2024

After years of focusing on cost reduction, the majority of procurement leaders say they plan to spend more and increase workloads in 2024, meaning procurement buyers will have more power to influence change and optimize spend across the entire supply chain. But what does a procurement buyer do, exactly?

Buyers 52

Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

World of Procurement blog

MAY 8, 2024

It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Purchasing measures transactional volume and costs.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Una

JUNE 1, 2023

By Hugo Britt | June 1, 2023 Search Search Are you a recent graduate seeking a career path that combines strategic decision-making, problem-solving, and impactful negotiations ? Look no further than procurement! This aspect adds purpose and fulfillment to your career, knowing that your work contributes to a better future.

Procurement 52

Procurement supply chain budgeting Sustainability Negotiation 52

Pipefy

FEBRUARY 13, 2023

Procurement is the process businesses use to source and obtain goods/services from external suppliers to achieve strategic objectives and fulfill business needs or purchase requests. Purchasing then commences, including bid evaluations, contract negotiation, and the final sale. Is acquisition part of procurement? In a word, yes!

Real-time Visibility 52

Real-time Visibility e2e Procurement Bidding 52

The Procuretech Podcast

JUNE 18, 2024

Highlighting 25 innovative European-based procurement startups, the episode provides valuable insights into emerging players who don't necessarily have the marketing presence and events budget of larger companies. DigiProc automates supplier negotiations for tactical and tail spend.

supply chain software solutions 40

supply chain software solutions Procurement supply chain budgeting Eprocurement 40

Arkestro

NOVEMBER 5, 2024

The Hackett Group’s 2024 Key Issues Study found that financial teams’ workloads are expected to increase 5% this year while headcount and budget slightly decrease, leaving a productivity gap of 6% for CFOs to find a way to make up. CFOs and their teams are expected to do more with less. Subscribe to news from Arkestro.

Procurement 52

Procurement supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 52

Procurement Software

MARCH 11, 2022

Acknowledging cost avoidance: Why measuring procurement performance on hard savings alone is futile. This is usually measured against budget standard costs, which are based on last price paid or moving average price. But such a large sum from one negotiation or tender is virtually unheard of in many indirect categories.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Procurement Software

MARCH 11, 2022

Acknowledging cost avoidance: Why measuring procurement performance on hard savings alone is futile. This is usually measured against budget standard costs, which are based on last price paid or moving average price. But such a large sum from one negotiation or tender is virtually unheard of in many indirect categories.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

World of Procurement blog

MAY 23, 2024

The goal of supplier consolidation is to streamline procurement processes, reduce costs by leveraging economies of scale, strengthen relationships with top-performing suppliers, and drive performance improvements through better coordination. This enables data-driven supplier management and performance optimisation.

Supplier consolidation 52

Supplier consolidation Suppliers Supply Chain Efficiency supply chain budgeting 52

Procurement Software

APRIL 23, 2024

Launched to make high-end spend analysis tools accessible and budget-friendly, Spendata’s platform empowers users to directly manipulate spend data without the need for IT assistance, facilitating quick and effective decision-making. Spendata caters to both mid-market and enterprise customers.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Supply Chain Efficiency supply chain budgeting 52

Barkers Procurement

FEBRUARY 10, 2023

It’s about knowing what works and what doesn’t in certain circumstances, whether that’s supplier negotiation or conducting a procurement transformation. Your provider is also likely to have contacts and working relationships with suitable vendors, and be able to secure better terms for supply of goods and services.

Import 52

Import Procurement supply chain budgeting Category management 52

TYA Suite

AUGUST 26, 2024

With the right SMBs can streamline their purchasing activities, reduce costs, and enhance overall productivity. Importance of Procurement Software for SMBs One of the primary benefits of procurement software for small and medium-sized businesses is cost savings.

supply chain software solutions 40

supply chain software solutions supply chain budgeting Real-time Visibility Procurement 40

Finale Inventory

SEPTEMBER 17, 2024

Establish strong supplier relationships to ensure efficient stock replenishment. Communicate inventory needs, negotiate favorable terms, and keep communication lines open to maintain a reliable supply chain. Address issues proactively and maintain open communication to ensure a smooth supply chain.

Inventory 52

Inventory Strategy Real-time Visibility Management 52

Spend Matters

DECEMBER 28, 2023

An Amazon survey found 53% of procurement teams expect their budgets to increase in the coming year, with a whopping 98% planning to invest in automation, AI, and analytics and insights tools. Inflation, a complex and constrained supply chain, and threats of recession all impacted how procurement processes played out externally.

Procurement 64

Procurement Procurement team Supply Chain Efficiency supply chain budgeting 64