Procurement Leaders

AUGUST 19, 2024

But as a senior procurement performance manager at one FMCG company shared during a recent Data and Digital Strategy Cohort call, procurement could overcome this challenge by looking to both external and internal sources. We talk a lot about the importance of “connecting the dots” when it comes to procurement data.

Data 130

Data Price negotiations Procurement team Procurement 130

Procurement Tactics

SEPTEMBER 2, 2022

33 Procurement Interview Questions in 2022. My name is Marijn Overvest, I'm the founder of Procurement Tactics. Want to take your negotiation results to the next level? Hard cost refers to the purchasing price of the hard assets. When a contract is negotiated, there is a potential for cost savings. First Name.

Budget 130

Budget Price negotiations Negotiation Price 130

Procurement Tactics

DECEMBER 5, 2022

33 Procurement Interview Questions in 2022. Price negotiation. Negotiation Course For Procurement Professionals. The post <strong>Manufacturing Sourcing Company in India — The Ultimate Guide of 2023</strong> appeared first on Procurement Tactics. Download Whitepaper →. . LEARN MORE.

Sourcing 182

Sourcing Quality Suppliers Price 182

Procurement Tactics

OCTOBER 20, 2022

Thus, the sanctions imposed on its goods will inevitably increase the prices. . Negotiation Game Changer Certificate Program. The post Russia Export Statistics 2022 — 18 Key Figures appeared first on Procurement Tactics. You'll get a certificate after completing the course. LEARN MORE.

Export 214

Export Price Price negotiations Suppliers 214

SCMDOJO

MARCH 12, 2025

Compromising negotiation is a strategy where both parties make concessions to reach a mutually acceptable solution. Unlike competing or collaborating negotiation styles, compromise ensures that neither party gets everything they want, but both walk away with a workable deal. Case Study Reference: Fmwgn, ljd. 10.13140/RG.2.2.27917.87528.

Negotiation 52

Negotiation Supply Chain Efficiency Supply chain Strategy 52

Procurement Insights

DECEMBER 14, 2024

They were included in the2024 ProcureTech100, a list curated by ProcureTech in association with Kearney highlighting the top 100 pioneering digital procurement solutions globally. ProPurchaser Focus: Commodity cost tracking and price negotiation support. Key Features: Tracks changes in commodity cost drivers to aid negotiation.

Price negotiations 64

Price negotiations Negotiation supply chain budgeting Price 64

Procurement Tactics

AUGUST 22, 2022

33 Procurement Interview Questions in 2022. Many people in procurement do not have an idea what tail spending is. Tail spend is known in procurement as the amount an organization spends on purchases that make up approximately 80% of transactions but only cover 20% of the total spend. . First Name. Download Free PDF. ENROLL NOW.

Purchasing 130

Purchasing Suppliers Negotiation Spend management 130

Spend Matters

AUGUST 15, 2024

This article explores critical frameworks that procurement and supply chain teams use to implement transformational projects, ensuring long-term benefits beyond immediate crises. The reality is that changing the prevailing mindset and culture around digital procurement and supply chain technology in large enterprises has been far from easy.

supply chain software solutions 120

supply chain software solutions Agile and Lean Supply Chain Supply Chain Efficiency Supply chain 120

SCMDOJO

MARCH 6, 2022

A blanket purchase order is a simple way for many buying and finance directors to streamline the procurement process and enhance operational efficiency. Simply said, blanket purchase orders allow procurement managers to take advantage of preset costs while also reducing responsibilities. Blanket Purchase Order Definition.

Purchase orders 138

Purchase orders Purchasing Quantity Contract 138

Procurement Insights

OCTOBER 8, 2024

” – Albert Einstein It started as a simple exercise: ask ChatGPT, “What are the Top 3 concerns for Chief Procurement Officers in 2025?” What are the Top 3 concerns for Chief Procurement Officers in 2025? What are the Top 3 concerns for Chief Procurement Officers in 2023?

Chief Procurement Officer 52

Chief Procurement Officer Supply Chain Efficiency Procurement Supply Chain Optimization 52

Supply Chain Opz

MARCH 31, 2015

Background Historically, purchasing people are considered a kind of clerical workers who are expected to perform basic tasks such as document issuance and price negotiation. In this article, we will uncover the best purchasing books to help you get the edge over competition. Rudzki and Robert J. Monczka, Robert B.

Purchasing 111

Purchasing supply chain budgeting Price negotiations Supply chain management 111

Skill Dynamics

OCTOBER 19, 2023

Nonetheless, there is a whole lot more to opimizing procurement processes than just cutting costs and then increasing efficiencies. Your business needs a broader vision to address sustainability, deliver on risk management and resilience challenges, nurture buyer and supplier relationships, as well as meet procurement excellence.

Supply Chain Optimization 52

Supply Chain Optimization Strategy Procurement Vendor management 52

Procurement Insights

FEBRUARY 11, 2025

In the image above, five procurement professionals have given Rod and ProPurchaser their permission to use their names and faces to talk about ProPurchaser and why they work with Rod and his team. What’s wrong with a simple and fast bottomline win that isn’t complicated, and has no interface hassles?

Negotiation 52

Negotiation Price Procurement Supply chain 52

Zycus Cognitive Procurement

JULY 25, 2022

CPOs and procurement leaders everywhere are trying to identify ways to be agile to handle future uncertainties. . A significant amount of change has taken place in the procurement function over the past few years. Here are the latest updates on digital procurement in 2022 : .

supply chain budgeting 52

supply chain budgeting Procurement Agile and Lean Supply Chain Management 52

Arkestro

JULY 25, 2024

Resources / Blog / Want Better Procurement Outcomes? Apply Game Theory Want Better Procurement Outcomes? In procurement, game theory can be applied to one party’s strategic advantage (or mutual advantages between suppliers and buyers) in myriad ways. Another example is price negotiations. Here’s how it works.

Procurement 52

Procurement Bidding Negotiation Price 52

Procurement Software

JUNE 25, 2024

Procurement cost savings stand out as a critical lever in the pursuit of trimming down expenses without compromising on quality. However, the work of procurement goes beyond just delivering price reduction and cost reduction. This article will first of all guide you through the essentials of procurement cost savings.

Procurement 52

Procurement Supply Chain Efficiency Chief Procurement Officer Price 52

Arkestro

JUNE 25, 2024

Resources / Blog / Oil and Gas Supply Chain Procurement Innovation at Scale with Arkestro Oil and Gas Supply Chain Procurement Innovation at Scale with Arkestro For the oil and gas industry, the last few years have been anything but easy. Within these touch points are many other varied points.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Innovation Supply chain 52

World of Procurement blog

OCTOBER 13, 2020

Relating to the involvement of buyers in CAPEX management it can depend on the degree of procurement culture in an organization. Procurement people may be informed in the final process when all is set and the only task left is to place an order to the supplier. This article may bring a new perspective.

Management 52

Management Procurement Buyers Negotiation 52

Pipefy

JANUARY 5, 2023

Digitalization is no longer the leading edge of procurement innovation — it’s the new industry standard. Businesses of every size and in every industry are using digital procurement to standardize processes, unify systems, and contain costs. Companies that still rely on manual procurement processes are at a competitive disadvantage.

Procurement 52

Procurement Procurement team supply chain software solutions e2e 52

SCMDOJO

OCTOBER 27, 2023

Supplier negotiation is the most critical skill in the world of procurement. Effective supplier negotiations do not limit to the best price but a mutually beneficial agreement from both the parties that can have a profound impact on the company. The following are common types of negotiation in procurement: 1.

Supplier negotiation 105

Supplier negotiation Negotiation Suppliers Supply Chain Efficiency 105

Procurement Software

MARCH 11, 2022

Procurement organisations are still primarily measured on cost savings. For anyone working in indirect procurement, this is especially frustrating. Acknowledging cost avoidance: Why measuring procurement performance on hard savings alone is futile. Like it or not, cost avoidance is a hard sell to most CFOs.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Procurement Software

MARCH 11, 2022

Procurement organisations are still primarily measured on cost savings. For anyone working in indirect procurement, this is especially frustrating. Acknowledging cost avoidance: Why measuring procurement performance on hard savings alone is futile. Like it or not, cost avoidance is a hard sell to most CFOs.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

World of Procurement blog

MAY 8, 2024

What is Procurement? Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Supply Chain Game Changer

AUGUST 6, 2019

Hey Procurement! Procurement. And all of this is managed by Procurement personnel. In What Exactly is Procurement? Now also consider that companies can spend as much as 75% or more of their revenue on the Procurement of goods and services. Yet in many organizations Procurement is not considered strategic.

Management 48

Management Procurement Category management Chief Procurement Officer 48

Pipefy

NOVEMBER 3, 2023

Procurement requires precision, predictability, and the ability to problem-solve with agility and confidence. A resilient procurement process can help businesses adapt more quickly to changes in the market and disruptions to the supply chain. When the procurement process is digitalized, it becomes easier to automate these manual tasks.

Procurement 52

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

Procurement Talk with David Byrne

MAY 30, 2024

Listen on Apple Podcasts Listen on Spotify Watch on YouTube Summary In this episode, Martin Smith interviews Gavin Boswell, the Director of Procurement at Serco. They discuss Gavin’s 10-year career at Serco and the evolution of procurement over the past 30 years and the changing role of procurement professionals.

Leadership 52

Leadership Sustainability Procurement Price negotiations 52

Pipefy

MAY 9, 2023

Definition of procurement KPIs Key performance indicators (KPIs) are measurements of the efficacy of a business department, process, or strategy. Procurement KPIs continually measure the progress of all things related to buying and obtaining goods and services necessary for a business’ operation.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

Planergy

JANUARY 19, 2023

Download Free Copy Pareto Analysis in Procurement: How To Use Spend Analysis To Cut Costs Written by Keith Murphy 16 min read Big Data Business Intelligence (BI) Spend Analysis Download PDF IN THIS ARTICLE Pareto Principle vs. The Benefits of Conducting a Pareto Analysis How to Conduct Your Own Analysis? What is Pareto Analysis?

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

Empowering CPO

JULY 2, 2023

Introduction Welcome to our latest discussion on a crucial facet of business operations: Managed Procurement Services. If you’re new to the term, Managed Procurement Services refers to the outsourcing of a company’s procurement functions to a specialized firm.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Jaggaer

OCTOBER 24, 2024

Maximizing Cost Savings Through Strategic Supplier Collaboration With the growing emphasis on long-term value creation, Chief Procurement Officers are increasingly turning to supplier collaboration as a cornerstone of cost reduction. By contrast, collaborative procurement strategies focus on creating mutually beneficial partnerships.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain budgeting 52

Skill Dynamics

OCTOBER 18, 2023

Indeed, many industry-leading businesses – particularly in the supply chain and procurement industries – are reevaluating how they see the roles in their teams to increasingly prioritize innovation. For example, one of the primary objectives of procurement is cost savings.

Innovation 52

Innovation supply chain budgeting Supply chain Supply 52

Una

NOVEMBER 13, 2023

But perhaps these analogies are too combative – our aim, as negotiators, isn’t to “defeat” or “overcome” larger suppliers, but to find ways to level the playing field, get a fairer deal, and discover win-win outcomes. Reasons for an imbalance You’re a small business owner or head of procurement for a small company.

Negotiation 52

Negotiation Purchasing Price Suppliers 52

Empowering CPO

JUNE 27, 2023

Introduction In the complex world of procurement, where every penny counts, gaining a deep understanding of your organization’s spending habits is crucial to unlocking value and maximizing savings. Why is spend analysis so important in procurement? Imagine trying to navigate a labyrinth without a map or compass.

Procurement 40

Procurement Supply Chain Optimization Supplier consolidation Suppliers 40

Procurement Software

MARCH 11, 2022

But Procurement plays a vitally important role to plug the holes in the bucket, stopping the leakages from all of that new revenue that our Sales colleagues are generating. What many companies don’t realise though is that direct materials have been negotiated to death. Procurement technology providers have recently caught on to this.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

But Procurement plays a vitally important role to plug the holes in the bucket, stopping the leakages from all of that new revenue that our Sales colleagues are generating. What many companies don’t realise though is that direct materials have been negotiated to death. Procurement technology providers have recently caught on to this.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Una

SEPTEMBER 26, 2023

Price Disputes: The characters often argue over money, particularly when experiencing job losses and periods of unemployment. Similarly, procurement professionals often face pressure to cut costs, and price negotiations can become heated, potentially souring the supplier relationship.

Suppliers 52

Suppliers Supply Chain Efficiency Negotiation Supply chain 52

Empowering CPO

DECEMBER 4, 2020

Based on the volumes of packages sent by an organization, the threshold value can be negotiated in shipper agreements up to 4 cu. Maintaining the current threshold or further negotiating a higher threshold can negate impacts of dimensional weight pricing. Negotiating divisor value. Leverage Our Procurement Services.

Negotiation 52

Negotiation Price Contract Price negotiations 52