Procurement Insights

FEBRUARY 27, 2025

I have noted that many LinkedIn posts regularly mention the belief that the C-Suite continues to see procurement primarily, if not solely, as a cost-savings function. This broader agenda suggests that while cost savings remain important, procurement’s role has expanded to include value creation and strategic partnership.”

Agile and Lean Supply Chain 52

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

Procurement Tactics

OCTOBER 18, 2022

SRM is usually used by many supply chain professionals who constantly deal with suppliers in areas such as procurement, project management, and operations. . The SRM aims to ensure buying from reliable suppliers, bring end-to-end visibility of supplier collaboration workflow, and improve the resilience of the supply chain. .

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

Procurement Tactics

JUNE 7, 2023

Supplier collaboration goes beyond traditional buyer-supplier relationships by promoting cooperation, transparency, and innovation throughout the supply chain. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2. Supplier Collaboration Software: What is it?

supply chain software solutions 130

supply chain software solutions Collaboration Suppliers Supply Chain Efficiency 130

Procurement Heads

JANUARY 4, 2023

I joined KPMG in their supply chain practice and spend the next 16 years on consulting assignments in a smaller firm. I wrote the organisation’s sustainable procurement strategy and we’ve made huge strides in how we source, contract and contract manage for environmental, social and governance improvement.

Supply Chain Efficiency 246

Supply Chain Efficiency Agile and Lean Supply Chain Sustainability Suppliers 246

Procurement Tactics

JUNE 28, 2023

Commodity Trading is also a vital aspect of the Global Economy; Providing price discovery, risk management, and efficient resource allocation. Furthermore, it provides transparency when it comes to pricing trends as it focuses on the law of supply and demand Different Ways Commodities can be Traded 1.

Raw materials 178

Raw materials Supply Chain Efficiency Price Market analysis 178

IBM Supply Chain Blog

FEBRUARY 28, 2024

Now, sourcing and procurement professionals are reaping the rewards of such automation: streamlining workflows, boosting the bottom line and finding efficiencies. Blockchain technology ensures that it’s stored, accessed and shared quickly, accurately and transparently.

Sourcing 94

Sourcing Strategy Supply Chain Efficiency e2e 94

Planergy

FEBRUARY 24, 2025

The Four Types of Procurement in Education Key Steps in the Education Procurement Process Who Benefits from Efficient Procurement? It involves long-term planning, vendor relationship management, and aligning procurement decisions with institutional goals. Who Benefits from Efficient Procurement?

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

Let's Talk Supply Chain

FEBRUARY 18, 2025

In teh dynamic world of ‍supply chain management, topics ranging from technology advancements to ethical considerations play a pivotal role in shaping the ‍industry’s future. A recent YouTube video, titled “Supply Chain Tech, clean Beauty, adn Retail TariffsJoin the Conversation!”,

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supply chain Supply chain management 52

SCMDOJO

AUGUST 21, 2023

Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supply chain!” In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. Discover the Top 10 TikTokers reshaping how you view supply chains.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 98

SCMDOJO

DECEMBER 14, 2023

This crucial step forms the foundation for a tailored and efficient sourcing process. Sourcing agencies take charge of the entire shipment process, selecting the most efficient and cost-effective shipping methods. Their extensive network of suppliers across the globe opens doors to new markets and a diverse range of products.

Sourcing 104

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

Una

OCTOBER 17, 2023

EPISODE 137 Using Visibility to Combat Supply Chain Abstraction with Frank Kenney By Kelly Barner | October 18, 2023 In the race to build global empires of data and digital systems, today’s businesses must not risk forgetting what all of those zeroes and ones mean.

supply chain budgeting 81

supply chain budgeting Real-time Visibility Supply Chain Efficiency Supply chain 81

Una

NOVEMBER 30, 2022

Value Creation Through Digital Transformation in Procurement. The recent global pandemic exposed many economic vulnerabilities, not the least of which were weaknesses in many supply chains. Procurement departments are adopting digital sourcing strategies to automate routine processes and fill employment gaps.

Procurement 97

Procurement Supply Chain Efficiency Supply Chain Optimization Supply chain 97

SCMDOJO

OCTOBER 27, 2023

Delivery and Lead Time Negotiation: Negotiating the timeframes for delivery and lead times to ensure timely supply without disruptions. Risk Mitigation Negotiation: This negotiation involves discussing strategies and terms to manage and mitigate risks associated with procurement. The platforms make it transparent.

Supplier negotiation 105

Supplier negotiation Negotiation Suppliers Supply Chain Efficiency 105

EazyStock

JANUARY 18, 2019

Are you interested in expanding your knowledge on the latest trends and technologies within the supply chain industry? EazyStock has complied a new list of the top 2019 Supply Chain events that you can’t afford to miss. ProMat is where manufacturing and supply chain professionals come to find their supply chain WOW.

Supply Chain Optimization 53

Supply Chain Optimization Supply Chain Efficiency Logistics Supply chain 53

Procurement Templates

APRIL 15, 2024

The upside is that the work may be near perfect, the downside is that they lose the stakeholders on the way because it’s too lengthy or too technical Extraversion: Relationship Building: Extraverted individuals excel in social interactions and networking.

Influencing 130

Influencing Negotiation Risk Innovation 130

Value Match

JULY 28, 2022

Procurement Best Practice. Procurement Policy Notes. Procurement Strategy. In 2019, there were reportedly 74,155 fires in The Amazon rainforest (supplies 20% of earth oxygen). One of the most common falsehoods is that “deforestation is only driven by food and packaging supply chains”. Legislation.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Supply Contract 52

Jaggaer

AUGUST 18, 2020

In recent years , the sector has become highly dependent on deliveries from the Asia Pacific region and in particular China, where capacities in the transport chain between inland plants and the ports collapsed by 70% at one point. How can companies mitigate such supply risk?

Procurement 98

Procurement Supply Chain Efficiency Risk Suppliers 98

World of Procurement blog

APRIL 23, 2024

In the ever-evolving landscape of business operations, staying ahead in managing procurement processes efficiently is crucial. Enter Procurement Software, a transformative suite of tools designed to streamline purchasing activities and supply chain management.

supply chain software solutions 52

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

World of Procurement blog

APRIL 23, 2024

In the ever-evolving landscape of business operations, staying ahead in managing procurement processes efficiently is crucial. Enter Procurement Software, a transformative suite of tools designed to streamline purchasing activities and supply chain management.

supply chain software solutions 52

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

Empowering CPO

MAY 8, 2023

Effective risk management in procurement is crucial to ensure uninterrupted supply chains, maintain cost-efficiency, protect organizational reputation, and ensure compliance with legal and regulatory requirements. Strategies for Effective Risk Management in Procurement A.

Risk management 52

Risk management Risk Procurement strategies Strategy 52

Procurement Tactics

JULY 14, 2022

So without further ado, let us start uncovering the procurement tender. . What is Procurement Tender? Almost all professionals in supply chain and procurement know that it is part of the huge procurement process. The tendering follows a strict process to promote transparency and fairness among bidders. .

Procurement 130

Procurement Bidding Supply Chain Efficiency Contract 130

Procurement Tactics

SEPTEMBER 15, 2022

However, this kind of purchasing is important, especially in the supply chain. . Additionally, we will tell you ways in enhancing sustainable purchasing strategy. . Thus, allowing you to gain benefits from having a sustainable supply chain. . My name is Marijn Overvest, I'm the founder of Procurement Tactics.

Purchasing 130

Purchasing Sustainability Cost of ownership Supply Chain Efficiency 130

Procurement Tactics

AUGUST 30, 2022

When electronic procurement is implemented properly, it opens the lines of communication between the organization and the supplier by creating a link and facilitating interactions like bids, emails, and purchase orders. . My name is Marijn Overvest, I'm the founder of Procurement Tactics. Transparency. Editor's note: Hi there!

Procurement 130

Procurement Supply Chain Efficiency Purchasing Contract 130

World of Procurement blog

APRIL 24, 2024

Delve into this rich tapestry with us, as we unravel the complexities and illuminate the path to procurement excellence. Understanding the Procurement Process At its core, the procurement process is a strategic axis around which the efficiency, effectiveness, and ethical standards of a business revolve.

Supply Chain Efficiency 52

Supply Chain Efficiency Ethics Procurement Sustainability 52

Spend Matters

OCTOBER 4, 2023

The power of supplier diversity in procurement: Driving business success through inclusion — Whether they are carrying out their own CSR strategy or responding to third-party initiatives and demands, businesses have their role to play in encouraging greater diversity among their suppliers.

Procurement 107

Procurement e2e Contract Sourcing 107

Supply Chain Game Changer

NOVEMBER 15, 2018

Mingling with procurement professionals, sourcing experts, category gurus and purchasing managers under the day gave me an incredible insight into daily challenges and pain points regarding their digital procurement strategies. A New Kind of Transparency. Globalization has posed procurement teams with a double-edge sword.

Supply Chain Efficiency 53

Supply Chain Efficiency supply chain software solutions Procurement Procurement team 53

Value Match

AUGUST 4, 2022

Procurement Best Practice. Procurement Policy Notes. Procurement Strategy. Biometric machines for workers to clock-in and clock out could control the practice of overwork and underpay – although supply chain auditors found this could be circumvented by hiding a secondary machine or using a separate paper record.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Ethics Supply 52

Una

FEBRUARY 10, 2025

Dig a little deeper, however, and you will often find that the biggest threat to the bottom line lies with the supply chain. With supply chains being the backbone of operations, any hiccup can lead to significant profit losses. Employee retention is vital for maintaining continuity and efficiency in your operations.

Agile and Lean Supply Chain 45

Agile and Lean Supply Chain Supply Chain Efficiency Strategy Supply chain 45

Zycus Cognitive Procurement

JANUARY 20, 2023

At its core, procurement strategies are all about managing the change aimed at driving continuous improvement in the supply chain. It also provided insight into building resilience through technology, people, and processes concerning the continuous improvement of the supply chain.

supply chain software solutions 52

supply chain software solutions Procurement Supply chain resilience Supply Chain Efficiency 52

Supply Chain Game Changer

OCTOBER 7, 2020

Subscribe to Supply Chain Game Changer. A more diverse world has taken shape, and the transportation and supply chain industry is no stranger to this shift. A more diverse world has taken shape, and the transportation and supply chain industry is no stranger to this shift. Subscribe Here! Email Address.

Logistics 77

Logistics Suppliers Agile and Lean Supply Chain Supply Chain Optimization 77

Una

MAY 16, 2023

YPurchasing was created to do one thing: ensure every YMCA receives best-in-class pricing, quality products, and unmatched services so they can continue serving their communities efficiently and effectively. The Ys now had access to a vendor network and contracts to help them save more money, time, and effort. Why partner with Una?

Supply Chain Efficiency 98

Supply Chain Efficiency Purchasing Contract Price 98

World of Procurement blog

MAY 8, 2024

Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Procurement is strategically important because it: Drives significant cost savings through economies of scale, supplier negotiations, and process efficiencies. Increases efficiency by standardizing, streamlining, and automating processes.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Supply Chain Game Changer

JUNE 16, 2020

Subscribe to Supply Chain Game Changer. Is Your Supply Chain Ready To Recover? Supply Chain Professionals, although not usually theatrical, also work in an environment in which they are managing a tremendous amount of risk. Supply Chain Risk Management. Types of Supply Chain Risk.

Risk management 57

Risk management Supply Chain Efficiency Supply chain Risk 57

Procurement Tactics

AUGUST 31, 2022

The second option is through a network that connects multiple organizations and suppliers. The network model is typically used today where the growth of utilizing e-invoicing is expected. . E-invoices are more efficient than traditional invoicing as payments are received faster compared to the traditional method of invoicing. .

supply chain software solutions 130

supply chain software solutions supply chain budgeting Procurement Supply Chain Efficiency 130

Una

JANUARY 4, 2023

Discover the basics of group purchasing and the benefits of working with a group purchasing organization to develop a comprehensive procurement strategy. In addition to negotiating discounts, group purchasing organizations may also provide other services such as supply chain management , procurement consulting, and logistics support.

Purchasing 92

Purchasing supply chain budgeting Procurement strategies Contract 92

Una

NOVEMBER 14, 2022

This left procurement organizations and departments scrambling to find more strategic alternatives to not only survive but carve out their place in an evolving global market. Did the pandemic already write procurement’s future? How to Market Procurement’s Value Beyond Cost Savings. A consumer-centric procurement process.

Procurement 98

Procurement Agile and Lean Supply Chain Supply Chain Efficiency Procurement team 98

IBM Supply Chain Blog

APRIL 25, 2024

Business process reengineering (BPR) is the radical redesign of core business processes to achieve dramatic improvements in performance, efficiency and effectiveness. This can lead to can significant improvements in efficiency, accuracy and scalability and enable the organization to operate more effectively.

Supply Chain Efficiency 57

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting supply chain software solutions 57