ivalua

MAY 18, 2022

Organizations are increasingly dependent on suppliers to successfully bring innovative goods and services to market on time, improve ESG performance, and meet other objectives. Even reducing costs often depends more on effective collaboration rather than negotiation in today’s market. Yet, too few businesses do so well.

Suppliers 130

Suppliers Management Supply Chain Efficiency Collaboration 130

SCMDOJO

FEBRUARY 13, 2023

The procurement department encompasses all steps in acquiring goods, services, and works from external suppliers and performs various functions such as managing the procurement process, developing strong relationships with internal stakeholders, and negotiating contracts.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

ivalua

NOVEMBER 27, 2019

That is hardly optimal given the diversity of products, services and supply partnerships in place at most companies. It is just as valid to sign a contract extension with an incumbent supplier as it is to run a full RFP and intensive negotiation process.

Strategic sourcing 113

Strategic sourcing Strategic sourcing Sourcing Suppliers 113

ivalua

MARCH 9, 2023

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. S2P is the end-to-end process that encompasses all the activities between an organization and its suppliers.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

SCMDOJO

APRIL 26, 2023

This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money. Steps to Keep in Mind when Implementing a Category Management Strategy Know your supply market and product positioning to leverage spending and create opportunities.

Category management 108

Category management Management Supplier relationship management supply chain software solutions 108

Future Purchasing

OCTOBER 4, 2022

Category management is the strategic end-to-end process for managing categories of related supplier spend that aligns business goals and requirements with supply market capability. Data gathering focuses on spend analysis and supply market research. Improvement opportunities.

Category management 59

Category management Strategic sourcing Strategic sourcing Sourcing 59

Barkers Procurement

JANUARY 8, 2023

Category management is a long-term, strategic approach to procurement in which certain employees or teams of employees are responsible for procuring specific types of items, such as IT equipment, office supplies or construction materials. Strong supply market knowledge. Below is a look at these principles in more depth.

Category management 52

Category management Management Market knowledge Stakeholder engagement 52

Market Dojo

DECEMBER 15, 2017

All that you typically negotiate are the management fees and profit margins of the supplier, which can be very small percentages. 3) Negotiation history: it is unwise to predict future savings without understanding past achievements. Energy is a classic example. 5) Specifications: the devil is in the detail.

Influencing 52

Influencing Raw materials Negotiation Contract 52

Supply Chain Game Changer

NOVEMBER 24, 2018

His job involved buying, negotiating, contracts, overseas travel, sourcing, suppliers, parts, services, managing, supplier qualification, product qualification, terms and conditions, quality issues and delivery problems. I seem to recall that one of his business cards included both words. Procurement. ” [link]. Purchasing .

Purchasing 62

Purchasing Procurement Purchase orders Supply Chain Optimization 62

Una

MARCH 30, 2023

Additional resource: Why Your Procurement Team Needs Supply Market Intelligence There are several areas of focus that will bring exciting new sources of value to your organization. By leveraging data and analytics, procurement can help identify trends and opportunities that can drive top-line growth.

Procurement 104

Procurement Supply Chain Efficiency Procurement team Sustainability 104

Supply Chain Game Changer

SEPTEMBER 13, 2022

The electrical supplies markets, with their global dependencies, were hit hard. As a contractor, you will need innovative strategies to navigate the resulting supply chain challenges. Contact Raiven today for more information on managing your electrical supply costs in today’s stormy markets.

Price 85

Price Supply chain Supply Raw materials 85

Procurement Heads

APRIL 26, 2023

I sit in the supply-facing team, in digital and talent and specifically in the innovation team: our team drives new ways of doing procurement by digitising our ways of working, leading strategic category transformations and bringing impactful supply market insights.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Procurement Heads

APRIL 26, 2023

I sit in the supply-facing team, in digital and talent and specifically in the innovation team: our team drives new ways of doing procurement by digitising our ways of working, leading strategic category transformations and bringing impactful supply market insights.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Positive Purchasing

MAY 19, 2022

After all, this is where they can negotiate deals or push back on requests and realize competitive advantage. There is a tremendous opportunity to digitize and automate most, if not all, data collection: external supply market insights, internal data, perspectives from stakeholders, and other intelligence.

Category management 52

Category management Management Procurement Strategy 52

Procurify

JULY 20, 2022

A lack of supply market and supplier visibility impacts company spending, negotiations, supplier partnerships, and more. That’s why purchasing teams must ensure they have accurate and timely information about the supply market and suppliers. . Collecting accurate data and insights.

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 52

Zycus Cognitive Procurement

JANUARY 12, 2021

The process of source to contract starts with analyzing the requirement, developing a sourcing strategy, contract negotiations, contract implementation, and supplier performance management. Contract management plays an essential role in maintaining an effective and competitive supply chain.

Contract 52

Contract Sourcing Chief Procurement Officer Contract management 52

Barkers Procurement

JUNE 8, 2023

Categorise office supplies, marketing, travel, legal, direct and indirect expenditures so you can form a category strategy and make some savings. When you’ve identified your spend per supplier, make sure you’ve negotiated the best contract deals.

Procurement 52

Procurement Suppliers Data Purchasing 52

TYA Suite

NOVEMBER 25, 2024

moves into the negotiation phase. By negotiating smarter contracts, this ensures that both the company and the supplier are happy with the agreement, making the relationship more The final step is maintaining good relationships with suppliers. Negotiations may cover pricing, delivery schedules, quality standards, and payment terms.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 40

Empowering CPO

JULY 2, 2023

This involves everything from identifying requirements and sourcing suppliers to negotiating contracts, placing orders, and managing supplier relationships. It plays a vital role in ensuring smooth operational continuity by securing the required resources and managing the supply chain effectively.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Supply Chain Game Changer

NOVEMBER 13, 2018

Drive a thorough understanding of both the supply market and internal company requirements. Yet delivering strategic value across the supply chain will require a change in mindset: from confrontational, one-on-one negotiations on cost reduction to collaboration – both internal and external.

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

Sourcing and Supply Chain

JUNE 24, 2021

Hence, buyers have also adopted the concept of suppliers to bundle the requirement of multiple locations and the similar product as a category to have a better understanding, control, and volume to negotiate. It is the process of collecting and collating the data of key drivers that impact the supplies as well as product prices.

Category management 52

Category management Management Procurement Market analysis 52

Una

JUNE 8, 2023

[Top left] Leverage items: These items have a high profit impact and a low supply risk. They are important for generating profits, but the supply market is stable and reliable. The company has more bargaining power in these cases, and it can focus on negotiating better prices and terms with suppliers to maximize profitability.

Suppliers 52

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

Claritum

FEBRUARY 24, 2020

Negotiation and awarding of contracts and supply agreements for any new suppliers: agreeing on the terms for supply, including the nature of the relationship and its subsequent management within the project framework. Start a tendering process: RFI, RFP, RFQ. 6 The inherent challenges of project-based procurement.

Procurement 41

Procurement Purchasing Suppliers Sourcing 41

HICX

AUGUST 4, 2022

Under such conditions, supply markets are clearly weighted in favor of supplier power and thus the fight is on, not only to secure supply but to develop a flexible and resilient ecosystem optimized to bring differentiated solutions to the end customer. Exclusive Webinar on The Suppliers’ Perspective.

Suppliers 52

Suppliers e2e Real-time Visibility Collaboration 52

Jaggaer

JULY 23, 2019

This is not easy given the current volatility in supply markets. The procurement function also manages supplier relations, negotiations, competitive intelligence and key performance indicators. For these and many other reasons, the role of purchasing and supplier management is highly strategic in the fashion industry.

Suppliers 40

Suppliers Sourcing Management Supply Chain Efficiency 40

Claritum

FEBRUARY 24, 2020

Negotiation and awarding of contracts and supply agreements for any new suppliers: agreeing on the terms for supply, including the nature of the relationship and its subsequent management within the project framework. Start a tendering process: RFI, RFP, RFQ. 6: The inherent challenges of project-based procurement.

Procurement 32

Procurement Purchasing Suppliers Sourcing 32

Planergy

AUGUST 16, 2022

If you mention that you’re struggling with the quality of what the supplier is offering you and that you will go back to the supply market to find an alternative, you may find the supplier is willing to make changes to their business processes to keep you as a client.

Suppliers 52

Suppliers Management supply chain budgeting Supplier relationship management 52

The Good Spending

AUGUST 17, 2023

You may analyze your analytical assumptions and patterns, negotiation planning, and supply market study from the post-mortem perspective and rectify false practices for the future. Upon completion of a sourcing project, it allows you to exercise an essential element of Agile methodology - a retrospective.

Sourcing 52

Sourcing Strategy Import Strategic sourcing 52

Spend Matters

AUGUST 10, 2023

With Simfoni’s tail spend management solution, organizations will now have access to the technology and expertise to make meaningful strides toward eliminating maverick spend, consolidating suppliers and negotiating more favorable terms. A global/regional presence with sourcing operations close to users and supply markets.

Spend management 98

Spend management Management e2e Vendor management 98