article thumbnail

Price Negotiation — The Ultimate Guide

Procurement Tactics

Price Negotiation — The Ultimate Guide. Price negotiation allows buyers and sellers to get the price that they want when discussing future work, projects, or collaboration. However, how do you negotiate prices effectively? In this article, we will define what price negotiation is.

article thumbnail

What is a Blanket Purchase Order and How it Works

SCMDOJO

Blanket Purchase Order Definition. 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.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

10 Greatest Purchasing Books Ever Written

Supply Chain Opz

What are the essential purchasing books you should read? In this article, we will uncover the best purchasing books to help you get the edge over competition. 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.

article thumbnail

Sustainable Government Procurement — Shifting to Sustainability

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Government Procurement — Shifting to Sustainability Sustainable government procurement is the commitment of the government to achieve sustainability in its purchases. However, what is it?

article thumbnail

Strategic Procurement — Everything You Should Know

Procurement Tactics

It aims to ensure that the goods and services that the business needs are delivered on time and purchased within the budget. Additionally, it involves a careful analysis of supplier selection, payment terms, contract negotiation, and acquisition of goods. Activities Compromising Strategic Procurement 1.

article thumbnail

CPO Crunch: Data-sharing is caring

Procurement Leaders

While this is just one example of information sharing, it begs the question: are purchasing teams overlooking the possibility that the data they need to inform strategic decision-making already exists within the organisation, siloed away in a different function?

Data 130
article thumbnail

Cost Savings vs Cost Avoidance — 3 Crucial Differences

Procurement Tactics

With the additional savings, the organization can use it to purchase or invest in things that will make it develop more. Want to take your negotiation results to the next level? Hard cost refers to the purchasing price of the hard assets. Price Negotiations. However, what are these? ENROLL NOW.

Budget 130