SCMDOJO

JANUARY 9, 2025

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.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Procurement 98

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

MAY 2, 2024

In response to these challenges, the leaders must rethink their supply chain strategies, focusing on building resilience. Enroll in the Full Course offered by our expert Vera Rozanova on Supply Chain Resilience!

Agile and Lean Supply Chain 98

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

Jaggaer

FEBRUARY 5, 2025

Companies that excel in strategic sourcing achieve greater cost savings and procurement efficiency while ensuring supply chain resilience. Some of the most effective techniques include supplier segmentation, e-auctions and competitive bidding, collaborative negotiations, and data analytics for demand forecasting.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Real-time Visibility 52

SCMDOJO

FEBRUARY 15, 2025

A well-managed supply chain does not just survive crises it thrives in them. Why Project Management is Essential for Supply Chain Resilience The approach provides a structured approach to handling complex tasks, timelines, and resources.

Project management 91

Project management Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 91

SCMDOJO

MAY 2, 2024

In response to these challenges, the leaders must rethink their supply chain strategies, focusing on building resilience. Enroll in the Full Course offered by our expert Vera Rozanova on Supply Chain Resilience!

Agile and Lean Supply Chain 93

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Supply Chain Optimization 93

Procurement Insights

APRIL 4, 2025

contract negotiation, risk mitigation) gives it the strongest alignment with core procurement practices. While supply chain is addressed, its secondary to procurement excellence, making it a top pick for procurement specialists seeking practical tools. Strong on supply chain resilience as it relates to procurement.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supply chain Procurement 52

Jaggaer

FEBRUARY 28, 2025

However, the top three procurement challenges featured in the Hackett Group report demand immediate attention: slashing spending costs, securing supply chain resilience, and modernizing outdated operating models. This includes skills in data analytics, negotiation, and stakeholder management.

Agile and Lean Supply Chain 52

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

ivalua

FEBRUARY 6, 2021

Maximizing Supply Chain Resiliency. Aurea has a degree on International Business, and within 20 years at Flex, has developed a career in several Supply Chain positions, currently as VP of Indirect Procurement. Aurea Jimenez. VP, Indirect Procurement. Customer Keynote.

Supply chain resilience 100

Supply chain resilience Supply chain Negotiation Procurement 100

Procurement Leaders

JUNE 20, 2022

There were incredible displays of innovation, ESG & supply chain resilience in abundance. Baroness Tanni Grey-Thompson , Kanya King and Tamara Lohan , who are pioneering in their own industries, inspired us to celebrate brave leadership, while Sam McAlister gave us the tools to negotiate in any circumstance.

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Supply chain resilience Procurement Leadership Negotiation 130

Procurement Insights

JANUARY 16, 2024

I have been negotiating as either a buyer or a seller for most of my life. Childhood traumas aside, I have always been fascinated by negotiation, writing about the subject many times over the years – including for this blog. Here are a couple of the more memorable ones: Does Age Influence Contracting Negotiation Styles?

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Negotiation Supply chain resilience Contract Influencing 52

SCMDOJO

MAY 7, 2024

Supply chains are vital to businesses, facilitating the movement of goods, services, financial flows, and information. Enhancing supply chain resilience as well as supply chain visibility is crucial in today’s interconnected world. However, they are also susceptible to disruptions and risks.

Supply Chain Visibility 98

Supply Chain Visibility Real-time Visibility e2e Supply Chain Optimization 98

Procurement Tactics

DECEMBER 21, 2022

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.

Collaboration 199

Collaboration Supply Chain Optimization Supply Chain Efficiency Supply chain 199

Let's Talk Supply Chain

MARCH 2, 2025

Key Takeaways from the Institute for Supply Management news Amidst the latest developments in the world of supply chain, one significant event that caught the attention of many was the resolution of the Boeing machinists’ strike.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Supply management Supply chain 52

ivalua

FEBRUARY 27, 2023

This ensures contracts remain favorable and all stakeholders comply with negotiated terms. In addition, our Contract Management module helps Manufacturers to easily track milestones and consumption in real time across multiple agreements.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

SCMDOJO

FEBRUARY 5, 2025

Comprehensive Curriculum: MCIPS covers a broad spectrum of topics, from procurement principles and strategies to contract management, negotiation, and ethical considerations. Think of it as the gold standard for procurement professionals. It provides a holistic view of the procurement landscape.

Procurement 59

Procurement Real-time Visibility supply chain budgeting Supply Chain Optimization 59

Jaggaer

FEBRUARY 13, 2025

Procurement stands at the center of several competing aims and objectives: cost savings, compliance, reputation, innovation, finance and supply chain resilience. At H&Z we have developed a three-step approach to addressing this challenge: First, measure the emissions related to the companys supply chain.

Leadership 52

Leadership Procurement Supply Chain Efficiency Sustainability 52

Procurement Tactics

JUNE 7, 2023

The platform also helps track how well suppliers are performing, manage contracts with them, and analyze how much money is being spent on supplies. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2. CERTIFICATE COURSES Related courses about this subject 1.

supply chain software solutions 130

supply chain software solutions Collaboration Suppliers Supply Chain Efficiency 130

ivalua

MAY 6, 2021

The pandemic has accelerated this trend, with the Procurement function front and center in the fight to ensure supply chain resilience and continuity, reduce costs and protect the bottom line. The past few years have been a boon for procurement, which has become increasingly strategic and critical to business.

supply chain software solutions 130

supply chain software solutions Procurement Agile and Lean Supply Chain Supply Chain Efficiency 130

SCMDOJO

JUNE 28, 2024

Provide different consulting projects in procurement and purchasing Proven experience in the negotiation process. Vera has delivered programs on “Supply Chain Resilience,” “Risk Management,” “Procurement Digitalization”, “Procurement Transformation”, “Category Strategies”, “SRM,” and other topics.

Supply Chain Optimization 93

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 93

ivalua

DECEMBER 14, 2020

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.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Procurement 130

Planergy

MARCH 18, 2025

Common disruptions such as economic instability, vendor delays, natural disasters, and supply shortages uniquely challenge schools due to tight budgets and rigid schedules. Tools like PLANERGY enhance supply chain resilience by providing real-time tracking, data-driven insights, and streamlined communication with suppliers.

supply chain budgeting 52

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

Jaggaer

APRIL 9, 2025

Key Challenges in Manufacturing Supply Chains and Solutions The world is currently going through an era of unprecedented challenges in supply chain management. Increasingly they will use AI-based procurement tools to negotiate the best contract terms at speed.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization supply chain software solutions 52

Procurement Tactics

JANUARY 13, 2023

The World Procurement Congress 2022 which happened in London from June 22 to 15, 2022, focused on inspiring procurement leaders in pushing the boundaries when it comes to ESG, innovation, and supply chain resiliency. . Negotiation Course For Procurement Professionals. The future of procurement. Digital transformation.

Procurement 159

Procurement Chief Procurement Officer Agile and Lean Supply Chain Supply chain 159

SCMDOJO

JUNE 6, 2023

By analyzing supply chain data, businesses can detect anomalies, potential risks, and deviations from their standard operating procedures. By doing this, they can make corrections fastly which will help avoid costly disruptions and improve supply chain resilience.

Supply Chain Optimization 72

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency supply chain software solutions 72

Zycus Cognitive Procurement

DECEMBER 15, 2022

Here are the 7 supply chain management trends for 2023 – Building agile supply chain ecosystems. Managing supply chain risk. Improving supply chain analytics. Enhancing supply chain resilience. Improving supply chain sustainability.

Supply chain management 52

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 52

Una

JUNE 5, 2024

Companies that had invested in semiconductor supply chain resilience were able to maintain production and avoid costly delays. Why Do We Need Supply Chain Visibility? By fostering strong relationships and aligning on shared goals, you can build a more resilient and responsive network. The lesson?

Agile and Lean Supply Chain 52

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

The Procuretech Podcast

JUNE 18, 2024

DigiProc automates supplier negotiations for tactical and tail spend. MySupply offers AI-driven tactical sourcing and negotiation. Contingent assesses supplier risk and builds supply chain resilience. TrueLedger manages real-time contract evaluation and management for professional services.

supply chain software solutions 40

supply chain software solutions Procurement supply chain budgeting Eprocurement 40

Procurement Insights

MAY 25, 2024

How do you do a cost justification analysis or negotiate a user fee that both you and the provider can feel good about? Using Mintec data in supplier negotiations, they can control price inflation and reduce proposed price increases across branded and private-label goods. ” Savings of 5 -15% is quite a range.

Sustainability 40

Sustainability Supply chain resilience Supply Chain Efficiency Data 40

Procurement Insights

OCTOBER 8, 2024

Here are the top 3 concerns likely to dominate the agenda for CPOs in 2025: Supply Chain Resilience and Risk Management Sustainability and ESG Compliance Supply Chain Visibility Conclusion: CPOs in 2025 will need to navigate a complex, fast-changing landscape shaped by technology, sustainability, and global uncertainty.

Chief Procurement Officer 52

Chief Procurement Officer Supply Chain Efficiency Procurement Supply Chain Optimization 52

Supply Chain Trend

MAY 17, 2022

Figure 1 : Demand & supply balancing decisions in an IBP cycle. Time saved with automation can be spent by planners on more advanced scenario planning, P&L sensitivity analysis, and supply chain resilience simulations to prepare and facilitate more strategic decisions. A NEW DESIGN FOR THE IBP TEAM.

Agile and Lean Supply Chain 97

Agile and Lean Supply Chain supply chain software solutions Supply Chain Efficiency Supply chain 97

Supply Chain Trend

AUGUST 13, 2020

It also requires a clear understanding of the environment in which the organization operates, so scenario planning must go extend beyond the enterprise to encompass value-chain dynamics and end-to-end supply chain resilience. Decisions from an IBP meeting need to be made in the light of the company’s vision and strategy.

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supply chain software solutions Supply Chain Optimization supply chain budgeting Supply chain 147

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. Procurement is strategically important because it: Drives significant cost savings through economies of scale, supplier negotiations, and process efficiencies.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Empowering CPO

MAY 8, 2023

Managing financial risks may involve negotiating favorable payment terms, implementing hedging strategies, and conducting regular financial assessments of suppliers. Risk mitigation strategies can include supplier diversification, contract negotiations, process improvements, or technological investments.

Risk management 52

Risk management Risk Procurement strategies Strategy 52

TYA Suite

NOVEMBER 15, 2024

This may involve diversifying the supplier base to avoid over-reliance on a single supplier, negotiating contract terms that include penalties for non-compliance, or implementing quality assurance programs that set clear expectations for product quality. Effective mitigation strategies enhance overall supply chain resilience.

Risk management 40

Risk management Risk Suppliers Strategy 40

Arkestro

OCTOBER 3, 2024

Long-term agreements (LTAs) and annual part-price PPV (purchase price variance) negotiations are all part of the mix. Unlike the as-needed basis of indirect purchases, engineered parts also often involve larger, more critical spend categories as well as managing critical supplier relationships.

Procurement 52

Procurement Procurement team Supply Chain Efficiency supply chain budgeting 52

Procurement Software

APRIL 2, 2024

This is the territory of automated negotiation, game theory, and multi-tier supply chain monitoring when it comes to third party risk and compliance. Pactum Pactum’s software specialises in autonomous negotiations, leveraging AI to conduct detailed discussions on legal and commercial terms independently.

supply chain budgeting 52

supply chain budgeting supply chain software solutions Procurement Budget 52