Price, Procurement and Supply Chain Efficiency - Purchasing & Procurement Zone

What About Procurement Objectives?

Procurement Templates

DECEMBER 11, 2024

It’s been a very long time since I’ve had to consider about procurement objectives. Here are some typical procurement objectives that every procurement professional should consider. Process Efficiency: Streamline procurement processes through automation, reducing lead times and operational costs.

Procurement

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership

Managing Supply Chain Disruptions: U.S., U.K. Manufacturers Accelerate Procurement

ivalua

JULY 14, 2022

Ivalua study finds 97% of procurement leaders see significant disruption in direct materials supply chain; 67% not confident in existing technology; 84% consider modernization a ‘strategic priority’. Nearly all executives surveyed (97%) point to significant disruption today in their direct materials supply chain.

Supply Chain Efficiency

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

Here’s a comprehensive list of the top 100 skills that a Procurement Manager should master

Procurement Templates

NOVEMBER 21, 2024

SAP, Oracle) Procurement software (e.g., SAP, Oracle) Procurement software (e.g., SAP, Oracle) Procurement software (e.g., SAP, Oracle) Procurement software (e.g., SAP, Oracle) Procurement software (e.g., SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g.,

Agile and Lean Supply Chain

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization supply chain software solutions

Webinars

From Rigid To Resilient: Why Enterprises Need Modular Commerce Now

Staying Ahead of UFLPA Enforcement: Best Practices for Retail Supply Chains

MORE WEBINARS

Tariffs and Procurement (Part 2): Tariff management and building an action plan

Spend Matters

DECEMBER 11, 2024

To manage tariffs effectively, companies must align their tariff strategies with their broader business goals, including product design, pricing, supply chain resilience and sustainability objectives. This article explains how this affects Procurement. This content is for members only.

Supply Chain Optimization

Supply Chain Optimization Management Supply chain resilience Supply Chain Efficiency

Rethinking Direct Materials Sourcing: The Tools You Need To Manage Costs, Risks and Sustainability

Advertiser: GEP

Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managing sustainability and risk management. The environment is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supply chain disruptions and geopolitical tensions.

Sourcing

A Detailed Comparison of edX Supply Chain Courses vs. SCMDOJO Academy

SCMDOJO

OCTOBER 23, 2024

As businesses become increasingly global, professionals in the supply chain field must keep up with new technologies, trends, and best practices. Summary Table edX Supply Chain Courses vs. SCMDOJO Aspect SCMDOJO edX Focus & Specialization A dedicated platform focused entirely on supply chain management.

Supply Chain Optimization

Supply Chain Optimization Supply Chain Efficiency Supply chain Supply chain management

Strategic Sourcing + Smart Solutions: The Unbeatable Duo for Procurement Success

SCMDOJO

JANUARY 9, 2025

Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Think of them as apples and gearseach essential and effective on its own, yet when combined; they create a formidable mechanism for achieving procurement excellence.

Strategic sourcing

Strategic sourcing Strategic sourcing Sourcing Procurement

Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

FEBRUARY 10, 2023

Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy.

Price

Price Strategy Sourcing Real-time Visibility

What is Purchase Price Variance (PPV) and How to Calculate it?

SCMDOJO

MARCH 24, 2025

Introduction Gardner, (1954) and Huntzinger, (2007) define Purchase price variance (PPV) as a metric used to measure the effectiveness of cost-saving efforts by calculating the difference between the planned cost (standard pricing) allocated for purchasing activities and the actual cost incurred.

Price

Price Purchasing supply chain budgeting Raw materials

Future Learn Supply Chain Courses VS SCMDOJO Academy

SCMDOJO

DECEMBER 29, 2024

Two prominent online learning platforms, Future Learn Courses and SCMDOJO, offer courses on demand to meet supply chain enthusiasts’ diverse needs. As you know, the supply chain management landscape constantly evolves, necessitating continuous learning and skill development for professionals in this field.

supply chain budgeting

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

The Best Ways to Use Project Management to Build Resilient Supply Chains Amid Global Disruptions

SCMDOJO

FEBRUARY 15, 2025

Supply chains are the backbone of global trade that ensure the smooth movement of goods and materials across industries. One of the most effective strategies for building resilience is integrating project management into supply chain operations. A well-managed supply chain does not just survive crises it thrives in them.

Project management

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

Iron Ore Prices – Historical Graph [Realtime Updates]

Procurement Tactics

MARCH 22, 2023

Iron Ore Prices – Historical Graph Real-time chart of historical daily iron ore prices. The prices are down in U.S. The current price is and is last updated on. Which variables impact the price of iron ore? What is the future price of iron ore? And is there a way to predict the price of iron ore?

Price

Price Export Demand Supply Chain Efficiency

Data-Driven Procurement: Transparency is Essential, Not Optional

ivalua

OCTOBER 18, 2022

The business case for data-driven transparency is not hard to make. In today’s dynamic, complex market, where procurement’s objectives continue to grow, data is the fuel for success. By taking steps now to improve supply chain visibility, procurement teams can position their organizations for success in the years to come.

Supply Chain Efficiency

Supply Chain Efficiency Data Procurement Supply Chain Visibility

Procurement Strategy’s Role in Guarding Against Supply Chain Disruptions

SCMDOJO

FEBRUARY 21, 2025

Why Your Procurement Strategy is More Critical Now Than Ever Before In an era of global supply chain disruptions, a robust procurement strategy is no longer optionalits essential. The right procurement strategy ensures that organizations: Mitigate risks before they escalate. Loss of revenue due to stock shortages.

Agile and Lean Supply Chain

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

12 Best Construction Equipment Suppliers 2023 – Reviews & Pricing

Procurement Tactics

JUNE 23, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter 12 Best Construction Equipment Suppliers 2023 — Reviews & Pricing A good house and building come from reliable construction equipment and materials. Caterpillar Inc. link] Caterpillar Inc.

Price

Price Suppliers Negotiation Purchasing

Global Supply Chain — Everything About Supply Chain

Procurement Tactics

JUNE 5, 2023

51 ChatGPT Prompts to 10X Your Productivity in Procurement Success! In this article, we will define what the global supply chain is. We will discuss why it is important and the benefits you can gain from the global supply chain. Additionally, we will tell you some tips on how to improve your global supply chain.

supply chain budgeting

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

High Speed 2’s approach to building supply chain transparency

Procurement Leaders

JUNE 13, 2022

was set up by the UK Government to design and construct the railway and is responsible for procuring and coordinating a supply chain of designers and contractors to deliver billions of pounds worth of contracts. As a public funded project, supply chain transparency is critical.

Supply Chain Efficiency

Supply Chain Efficiency Supply chain Contract Supply

3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation

ivalua

MAY 30, 2023

Ivalua Spend Management Insights [ivory-search] 3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation May 30, 2023 | | Procurement Strategy by Sara Omer What is the Saudi Vision 2030 Program? Procurement and supply chain teams will play a crucial role in making this vision a reality.

Eprocurement

Eprocurement Procurement Supply Chain Efficiency Supply chain resilience

Rittal, Electrical Enclosure Specialist, Confirms JAGGAER to Streamline Procurement, Increase Transparency, and Enhance Compliance

Jaggaer

MARCH 20, 2025

RESEARCH TRIANGLE, NC, March 20, 2025 Rittal, one of the world’s leading system providers of electrical enclosures, power distribution, climate control, IT infrastructure, software and services, has confirmed JAGGAER for its procurement processes. Over time, the use of the software was gradually extended to other modules.

Supply Chain Efficiency

Supply Chain Efficiency supply chain software solutions Procurement Risk management

Procurement Tracking – Everything You Should Know

Procurement Tactics

JUNE 28, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. What is Procurement Tracking? Procurement Tracking is the process of monitoring and managing procurement activities.

Supply Chain Efficiency

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting

Strategic Procurement — Everything You Should Know

Procurement Tactics

MARCH 16, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Strategic Procurement — Everything You Should Know Strategic procurement allows businesses to meet the demand of the current procurement landscape by making sense of the data and automating the procurement process.

Procurement

Procurement Procurement strategies supply chain budgeting Contract management

Spend Matters Future 5 2024 – Introducing True ValueHub

Spend Matters

OCTOBER 31, 2024

Spend Matters honors a vast array of procurement solution providers each year by selecting them for our ‘50 to Know,’ ‘50 to Watch,’ ‘Future 5’ and ‘Hall of Fame’ celebration lists. Get to know all the procurement tech providers that made our lists this year. We are delighted to introduce you to our Future 5 as we capture their voices.

Real-time Visibility

Real-time Visibility Supply Chain Efficiency Buyers Supply Chain Optimization

Mastering Strategic Sourcing: Efficiency and Cost Savings in Procurement

Jaggaer

FEBRUARY 5, 2025

The process creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. Your focus here is to get security of service at a good price.

Strategic sourcing

Strategic sourcing Strategic sourcing Supply Chain Efficiency Sourcing

Process Audit Reports – Create Efficiency and Procurement Excellence

Skill Dynamics

JANUARY 16, 2025

Looking to improve operations and achieve cost savings within your procurement processes? A process audit report is designed to, ultimately, streamline processes, enhance decision-making and drive overall procurement excellence. As a result, teams achieve greater productivity and efficiency.

Supply Chain Efficiency

Supply Chain Efficiency Procurement Supply Chain Optimization Suppliers

Supply Chain Collaboration — The Ultimate Guide

Procurement Tactics

DECEMBER 21, 2022

33 Procurement Interview Questions in 2023. Financial Supply Chain — The Ultimate Guide of 2023. Supply chain collaboration is definitely new to many newcomers in the supply chain industry. It may be an overused term in the supply chain but still confuses a lot of people. .

Collaboration

Collaboration Supply Chain Optimization Supply Chain Efficiency Supply chain

10 Corporate Gift Suppliers in the US – Pricing and Quality Reviews

Procurement Tactics

JUNE 30, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter 10 Corporate Gift Suppliers in the US — Pricing and Quality Reviews Every company has its own tradition, practices, shared values, and goals. priced at $52.00 Caroo Best Sellers priced at $35.00

Quality

Quality Price Suppliers Negotiation

Financial Supply Chain — The Ultimate Guide of 2023

Procurement Tactics

DECEMBER 7, 2022

33 Procurement Interview Questions in 2022. Financial Supply Chain — The Ultimate Guide of 2023. The financial supply chain is new to many procurement professionals, especially those who have just started their journey in the procurement and supply chain industry. . How Does it Work?

Supply Chain Efficiency

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

Warehouse Management — Everything About Supply Chain

Procurement Tactics

JULY 19, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. ChatGPT & AI Use ChatGPT to automate procurement processes 5. Negotiation Course Learn from industry experts who negotiated billion $ deals 2.

Supply Chain Optimization

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

Supply Chain Forecasting — Everything You Should Know

Procurement Tactics

MARCH 27, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Supply Chain Forecasting — Everything You Should Know Supply chain forecasting is about making predictions from both past and present information. What is Supply Chain Forecasting?

supply chain budgeting

supply chain budgeting supply chain software solutions Supply Chain Optimization Agile and Lean Supply Chain

10 Best Food Packaging Suppliers In The US – Reviews and Quality Pricing

Procurement Tactics

JUNE 27, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter 10 Best Food Packaging Suppliers In The US — Reviews, Quality, and Pricing The packaging industry in the US shows a positive outlook as the country expects $193.13 Study Procurement Study Negotiations 2.

Quality

Quality Price Suppliers Negotiation

Enhancing Manufacturing Value Through Procurement

Jaggaer

NOVEMBER 14, 2024

In today’s dynamic market, procurement is far more than just a buying and purchasing center. Our latest e-book, “ Is Manufacturing Missing Out On Procurement’s Value Add? Our latest e-book, “ Is Manufacturing Missing Out On Procurement’s Value Add? Here are some key insights from the e-book.

Supply Chain Efficiency

Supply Chain Efficiency Procurement Chief Procurement Officer Supply Chain Optimization

The Art of Compromise as a Negotiation Strategy in Supply Chain

SCMDOJO

MARCH 12, 2025

Introduction Negotiation is at the heart of supply chain management. While often perceived as a middle-ground approach, supply chain negotiation strategies require strategic application to ensure long-term value and sustainability. Checkout the SCMDOJO course on Negotiation Tricks & Pitfalls.

Negotiation

Negotiation Supply Chain Efficiency Supply chain Strategy

12 Best Drop Shipping Suppliers 2023 – Pricing & Reviews

Procurement Tactics

JUNE 23, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter 12 Best UK Drop Shipping Suppliers 2023 — Pricing & Reviews The drop shipping industry is saturated but it is still a profitable business in 2023. billion in 2023. She just gets things done!

Price

Price Suppliers Negotiation Quality

Procurement Managers — The Ultimate Guide

Procurement Tactics

MAY 30, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Procurement Managers — The Ultimate Guide Procurement managers are not easy, but the role is rewarding, interesting, and crucial to the success of a business. What is a Procurement Manager?

Management

Management supply chain budgeting Procurement Negotiation

Corporate Social Responsibility in Procurement — Everything a Procurement Professional Should Know

Procurement Tactics

NOVEMBER 23, 2022

33 Procurement Interview Questions in 2022. Corporate Social Responsibility in Procurement — Everything a Procurement Professional Should Know. However, what is its impact on procurement? . In this article, we will discuss what corporate social responsibility and sustainable procurement are.

Procurement

Procurement Ethics Sustainability Supply Chain Efficiency

Purchase Price Variance — Everything You Should Know

Procurement Tactics

JUNE 7, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Purchase Price Variance — Everything You Should Know Purchase price variance is an important factor for budget preparation, but why? Price Purchase Variance: What is it?

Price

Price Purchasing Raw materials Negotiation

The Complete Procurement Competency Framework 2025

Skill Dynamics

JANUARY 14, 2025

Procurement is often an overlooked area within organizations, working behind the scenes to ensure businesses have the goods and services they need to operate at their best. Considering its importance, it makes sense that modern procurement teams have a structured approach to developing essential skills and capabilities.

Procurement

Procurement supply chain budgeting Procurement team Supply Chain Efficiency

5 Procurement Industry Trends to Watch in 2025

Arkestro

DECEMBER 26, 2024

Resources / Blog / 5 Procurement Industry Trends to Watch in 2025 5 Procurement Industry Trends to Watch in 2025 In recent years, the procurement industry has undergone unprecedented transformations driven by the adoption of digital transformation, big data, and advanced technology like artificial intelligence (AI), machine learning, and automation.

Supply Chain Efficiency

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting

10 Digital Procurement Quick Wins

Procurement Software

MARCH 16, 2025

Digital procurement tools offer both immediate benefits and long-term returns. While full-scale digital transformation certainly takes time, organisations can see rapid improvements in efficiency, collaboration, and data accuracy right from the outset. As a result of better data, procurement teams gain a whole range of benefits.

Procurement

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders

Sustainable Procurement Statistics — 18 Key Figures of 2022

Procurement Tactics

OCTOBER 12, 2022

33 Procurement Interview Questions in 2022. Sustainable Procurement Statistics — 18 Key Figures of 2022. Sustainable procurement statistics is a topic that many procurement professionals should know. This article will guide you through the latest sustainable procurement statistics available in 2022. First Name.

Sustainability

Sustainability Procurement Supply Chain Efficiency Supply chain

Key Procurement Technology for Excellence in 2025

Jaggaer

MARCH 24, 2025

Top 3 Procurement Technologies to Embrace in 2025 Staying ahead of key procurement technology and advancements is essential for CPOs who want to improve spend cost reduction, drive strategic value, and navigate the increasingly complex procurement landscape.

Procurement

Procurement Supply Chain Optimization Real-time Visibility supply chain budgeting

Here is an example of a potentially great and unexpected procurement solution suite!

Procurement Insights

APRIL 2, 2025

EDITOR’S NOTE: Chevron was IN NO WAY involved with the following assessment, although I think they will find it to be an interesting read because it leverages their known capabilities and aligns them with my prior research and discussions on procurement efficiency, Shared Services, and Hansens RAM principles.

Agile and Lean Supply Chain

Agile and Lean Supply Chain Procurement solutions Supply Chain Efficiency Procurement

Procurement Fraud: Identifying Risks and Effective Management Strategies

Skill Dynamics

DECEMBER 18, 2024

Procurement fraud is often overlooked, but it can tear away at your company’s integrity and reputation from the inside if left unchecked for too long. Proactively identifying and managing procurement fraud is incredibly important when safeguarding your organization’s future. Lets take a look.

Risk

Risk Strategy Supply Chain Efficiency Procurement

Sustainable Procurement Business Drivers — Embracing Sustainability

Procurement Tactics

APRIL 5, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Procurement Business Drivers — Embracing Sustainability Sustainable procurement business drivers are the factors why many businesses embrace sustainability within their operations.

Sustainability

Sustainability Procurement Supply Chain Efficiency Procurement strategies

What About Procurement Objectives?

Managing Supply Chain Disruptions: U.S., U.K. Manufacturers Accelerate Procurement

Webinars

Trending Sources

Here’s a comprehensive list of the top 100 skills that a Procurement Manager should master

Webinars

Tariffs and Procurement (Part 2): Tariff management and building an action plan

Rethinking Direct Materials Sourcing: The Tools You Need To Manage Costs, Risks and Sustainability

A Detailed Comparison of edX Supply Chain Courses vs. SCMDOJO Academy

Strategic Sourcing + Smart Solutions: The Unbeatable Duo for Procurement Success

Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

What is Purchase Price Variance (PPV) and How to Calculate it?

Future Learn Supply Chain Courses VS SCMDOJO Academy

The Best Ways to Use Project Management to Build Resilient Supply Chains Amid Global Disruptions

Iron Ore Prices – Historical Graph [Realtime Updates]

Data-Driven Procurement: Transparency is Essential, Not Optional

Procurement Strategy’s Role in Guarding Against Supply Chain Disruptions

12 Best Construction Equipment Suppliers 2023 – Reviews & Pricing

Global Supply Chain — Everything About Supply Chain

High Speed 2’s approach to building supply chain transparency

3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation

Rittal, Electrical Enclosure Specialist, Confirms JAGGAER to Streamline Procurement, Increase Transparency, and Enhance Compliance

Procurement Tracking – Everything You Should Know

Strategic Procurement — Everything You Should Know

Spend Matters Future 5 2024 – Introducing True ValueHub

Mastering Strategic Sourcing: Efficiency and Cost Savings in Procurement

Process Audit Reports – Create Efficiency and Procurement Excellence

Supply Chain Collaboration — The Ultimate Guide

10 Corporate Gift Suppliers in the US – Pricing and Quality Reviews

Financial Supply Chain — The Ultimate Guide of 2023

Warehouse Management — Everything About Supply Chain

Supply Chain Forecasting — Everything You Should Know

10 Best Food Packaging Suppliers In The US – Reviews and Quality Pricing

Enhancing Manufacturing Value Through Procurement

The Art of Compromise as a Negotiation Strategy in Supply Chain

12 Best Drop Shipping Suppliers 2023 – Pricing & Reviews

Procurement Managers — The Ultimate Guide

Corporate Social Responsibility in Procurement — Everything a Procurement Professional Should Know

Purchase Price Variance — Everything You Should Know

The Complete Procurement Competency Framework 2025

5 Procurement Industry Trends to Watch in 2025

10 Digital Procurement Quick Wins

Sustainable Procurement Statistics — 18 Key Figures of 2022

Key Procurement Technology for Excellence in 2025

Here is an example of a potentially great and unexpected procurement solution suite!

Procurement Fraud: Identifying Risks and Effective Management Strategies

Sustainable Procurement Business Drivers — Embracing Sustainability

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