Procurement Tactics

JUNE 5, 2023

First Name Email Download 51 Prompts →  Or receive our famous weekly newsletter Global Supply Chain — Everything About Supply Chain Global supply chain has become a popular way for businesses to source unique materials and products from other countries as they are unavailable domestically.

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supply chain budgeting supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 192

Jaggaer

OCTOBER 24, 2024

Enhancing collaboration pays off, both by increasing transparency with suppliers and improving the bottom line through multi-tier supply chain visibility. Analytics also help you better evaluate potential suppliers, pinpoint cost-saving opportunities, and strengthen future sourcing strategies.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

Jaggaer

APRIL 9, 2025

While many manufacturers rely on ERP systems for procurement, these platforms are designed for broad business management rather than the intricate demands of sourcing, supplier collaboration, and cost control in a manufacturing environment.

Real-time Visibility 52

Real-time Visibility Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 52

ivalua

JUNE 16, 2021

MENA countries import a lot of food; disrupted supply chains and price increases mean potential food shortages. As MENA organizations continue to move aggressively toward digital transformation, many are adopting eProcurement platforms, to digitize and automate routine, time-consuming tasks throughout the source-to-pay process.

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Eprocurement Supply Chain Optimization Agile and Lean Supply Chain Procurement team 130

Procurement Software

MARCH 7, 2023

Procure-to-Pay (P2P) and Source-to-Pay (S2P) are not just fancy acronyms used by consultants, procurement and finance professionals. Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. What steps are involved in Source-to-Pay?

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Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 64

Procurement Software

DECEMBER 5, 2022

Procure-to-Pay (P2P) and Source-to-Pay (S2P) are not just fancy acronyms used by consultants, procurement and finance professionals. Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. What steps are involved in Source-to-Pay?

Sourcing 52

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 52

Una

OCTOBER 17, 2023

In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Frank Kenney. Frank is the Director of Market Strategy at Cleo, where he is focused on helping companies get ahead and stay ahead despite persistent supply chain complexity.

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

SCMDOJO

APRIL 29, 2024

Sign Up for SCMDOJO Pro Membership Importance of Effective Supply Chain Management Supply chain management is not just about moving products from point A to point B – it’s a strategic approach that encompasses the entire network of processes involved in delivering goods and services to customers.

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Supply chain management Supply chain management Agile and Lean Supply Chain supply chain budgeting 98

Claritum

MAY 11, 2018

Does your business source products and services from global markets? If your company is sourcing goods and services internationally you could be reaping many benefits. However, you could also face many challenges when globally sourcing across geopolitical boundaries. Do you have visibility of a global supply chain?

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Global sourcing Sourcing Chief Procurement Officer Real-time Visibility 32

Arkestro

DECEMBER 12, 2022

It’s vital that supplies are predictable, so you can get the products and services you need. To address supplier challenges, you must ensure your preferred providers can meet your changing needs and that you have a diverse supply base. Supply Chain Visibility. Supply chain visibility is another critical issue.

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Supply Chain Game Changer

AUGUST 3, 2021

No other function but Supply Chain understands, can envision, can implement, and can manage the Digital Supply Chain. Supply Chain is a massive source of competitive advantage and differentiation. No other function has its fingers on the pulse of the operations of a company like Supply Chain.

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Supply Chain Efficiency Supply chain e2e Real-time Visibility 119

Supply Chain Brain

MAY 7, 2018

to the complex exercise of pricing. of course, has the potential to affect multiple stages and functions of the supply chain. But pricing — given its dependence on a host of ever-changing factors — seems an especially fertile target for the technology. pricing model. “If In its purest form, A.I. Can the A.I.-driven

Price 40

Price Raw materials Supply Chain Optimization Supply chain 40

Claritum

APRIL 25, 2018

However, it is important for companies to manage the process of sourcing promotional goods effectively. A lot of time and energy can be spent inefficiently sourcing the goods, which can be bought from a huge variety of suppliers at vastly differing prices and quality. Source: PPAI Sales Volume Study Summary.

Sourcing 32

Sourcing Buyers Purchasing Spend management 32

SCMDOJO

JUNE 17, 2024

Port congestion at the main global crossroads in recent times has revealed the susceptibility of supply networks to logistical constraints. Logistics operations are becoming more complex and expensive due to changes in restrictions, labor shortages, and rising fuel prices.

Supply Chain Efficiency 98

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 98

Jaggaer

OCTOBER 3, 2024

It starts with spend analysis to provide a detailed cost breakdown, providing the information for competitive tendering via auctions using our Sourcing and Advanced Sourcing Optimizer modules, and aggregating spend where it makes sense for better leverage in negotiations. First, organizations need to get full supply chain visibility.

Supply Chain Optimization 52

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

EazyStock

MARCH 17, 2021

The other effect that holidays have on the supply chain, however, lies at the other end: manufacturing. Especially for companies sourcing goods from China, Chinese (or Lunar) New Year marks a 2-week (and often longer) holiday for Chinese manufacturers. In this case, supply completely drops off as manufacturers are closed.

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Supply Chain Optimization supply chain software solutions Supply Chain Efficiency supply chain budgeting 78

World of Procurement blog

APRIL 23, 2024

Equipment Procurement: Sourcing the right tools and machinery for construction tasks. Quality Control: Sourcing materials and labor that meet quality and safety standards creates an additional layer of due diligence. Unit Pricing Contracts: Costs are based on set rates for units of work.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Procurement Agile and Lean Supply Chain 52

World of Procurement blog

APRIL 23, 2024

Equipment Procurement: Sourcing the right tools and machinery for construction tasks. Quality Control: Sourcing materials and labor that meet quality and safety standards creates an additional layer of due diligence. Unit Pricing Contracts: Costs are based on set rates for units of work.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Procurement Agile and Lean Supply Chain 52

Claritum

FEBRUARY 4, 2020

Bespoke requirements - key sourcing issues. Sourcing Bespoke requirements the right way. Sourcing of bespoke requirements needs to be managed effectively within an Organisation. This can result in products and services being purchased across the organisation with no consistency of supply, sustainability or quality.

Purchasing 47

Purchasing Sourcing Supply Chain Efficiency Suppliers 47

The Good Spending

JUNE 15, 2022

The new supplier selection will be based on POC or prototypes, where the technical evaluation will prevail over price. The decision-making may involve plans to modify the product specifications, prices, terms, or vendors to enhance the product quality or reduce cost. So, there's no limitation to the competitive sourcing process.

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supply chain budgeting Buyers Agile and Lean Supply Chain Supply Chain Optimization 52

Procurement Insights

OCTOBER 8, 2024

Here are the top 3 concerns likely to dominate the agenda for CPOs in 2025: Supply Chain Resilience and Risk Management Sustainability and ESG Compliance Supply Chain Visibility Conclusion: CPOs in 2025 will need to navigate a complex, fast-changing landscape shaped by technology, sustainability, and global uncertainty.

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Chief Procurement Officer Supply Chain Efficiency Procurement Supply Chain Optimization 52

Supply Chain Game Changer

NOVEMBER 16, 2022

It helps bring predictability to Strategic Sourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. Automation of procurement processes, along with a seamless integration of the other systems such as ERP, WMS, and TMS, will ensure enhanced supply chain visibility.

Supply Chain Efficiency 19

Supply Chain Efficiency Procurement Real-time Visibility Supply Chain Optimization 19

Solvoyo

MARCH 5, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. For businesses of all sizes, the digital transformation of supply chain planning became the most important initiative. . This includes internal and external data sources.

Agile and Lean Supply Chain 52

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Supply Chain Opz

NOVEMBER 9, 2014

In this article, we will show you tips from worldwide experts that you can use to streamline your global supply chain operations. Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks.

Agile and Lean Supply Chain 109

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Una

JUNE 5, 2024

Conflicts in Ukraine and the Middle East continue to drive up prices and threaten shipping. Key elements include diversified sourcing, real-time visibility, strategic inventory management, and the ability to quickly respond to disruptions. Why Do We Need Supply Chain Visibility?

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Real-time Visibility 52

SupplyShift

DECEMBER 18, 2018

Worldwide coffee consumption is expected to triple by 2050 (from today’s impressive rate of 600 billion cups a year) while global coffee production is under threat from a variety of sources. Rising temperatures and unpredictable weather patterns associated with climate change are making it harder to raise healthy and productive coffee plants.

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Supply Chain Game Changer

NOVEMBER 26, 2018

Supply chain visibility is also incredibly important these days. If you are managing, or hope to manage, a reasonably effective supply chain you need to know when goods are coming in to your company, moving through your company, and leaving your company. You can not get this visibility without a plan.

Strategy 68

Strategy Management Real-time Visibility e2e 68

Claritum

FEBRUARY 4, 2020

Sourcing of bespoke requirements needs to be managed effectively within an Organisation. This can result in products and services being purchased across the organisation with no consistency of supply, sustainability or quality. Inefficiently sourcing bespoke goods and services can waste a lot of time and energy. Single source.

Purchasing 32

Purchasing Sourcing Supply Chain Efficiency Suppliers 32

EazyStock

JANUARY 6, 2023

If you’re buying raw materials or components, review your bill of materials to see if it’s possible to substitute materials or items for cheaper options or source from alternative suppliers. Supplier management Supplier ranking Even the best inventory management systems and processes will fail without a robust supply chain.

supply chain software solutions 52

supply chain software solutions Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 52

EazyStock

JANUARY 6, 2023

If you’re buying raw materials or components, review your bill of materials to see if it’s possible to substitute materials or items for cheaper options or source from alternative suppliers. Increased supply chain visibility. Even the best inventory management systems and processes will fail without a robust supply chain.

supply chain software solutions 52

supply chain software solutions Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 52

Una

APRIL 23, 2024

Why Do We Need Supply Chain Visibility? It can analyze factors including supplier performance, quality, pricing, delivery reliability, and even financial stability, to help you make informed decisions. Then there’s the resource-intensive task of supplier monitoring.

Supply chain management 52

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

SupplyShift

APRIL 13, 2021

According to Deloitte’s 2020 Chief Procurement Officer Survey , only 50% of organizations had high visibility into their tier one suppliers, and a staggering 90% reported low or very low visibility beyond tier one. Fortunately, when companies prioritize supply chain visibility, the benefits extend far beyond sustainability itself.

Supply Chain Efficiency 52

Supply Chain Efficiency Sustainability Supply chain Procurement 52

Zycus Cognitive Procurement

FEBRUARY 14, 2022

For instance, if a supplier is using unethical sourcing techniques, like employing children, it could speak to what you condone as an organization. Robust and dependable data can help provide better supply chain visibility and help leaders identify potential weak links. Get to know your suppliers.

Suppliers 52

Suppliers Supply Chain Efficiency Supplier relationship management Vendor relationships 52

SupplyShift

APRIL 13, 2021

According to Deloitte’s 2020 Chief Procurement Officer Survey , only 50% of organizations had high visibility into their tier one suppliers, and a staggering 90% reported low or very low visibility beyond tier one. Fortunately, when companies prioritize supply chain visibility, the benefits extend far beyond sustainability itself.

Supply Chain Efficiency 52

Supply Chain Efficiency Sustainability Supply chain Procurement 52

Supply Chain Opz

JULY 7, 2014

3) Contract Manufacturing Walmart is best known for EDLP (Everyday Lowest Price) strategy. Under this program, they source products directly from small or medium-sized farmers. Their unique selling points are products with good design at lower prices. Ikea also have their own stores for different reasons.

Supply chain 49

Supply chain Raw materials Supply Supply chain management 49

Claritum

AUGUST 15, 2019

Problems with current sourcing methodologies. Sourcing the right way for Promotional goods and services. However, it is important for companies to manage the process of sourcing promotional goods effectively. This can result in products and services being purchased across the company with no consistency of supply or quality.

Management 32

Management Procurement Purchasing Sourcing 32

Procurify

JUNE 8, 2022

Ideally, you want your suppliers to deliver high quality products and services within the required timeframe at a reasonable price. . Accordingly, they can be retained as prime source in one category and back up source in the other categories. Sole source suppliers. Track supplier performance.

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Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Supply 52