Procurement Tactics

JULY 17, 2023

Lastly, contract management tools assist with risk mitigation and compliance. They send automated alerts and reminders for critical contract milestones and obligations, enabling proactive risk management and preventing costly penalties.

Contract management 189

Contract management Contract Management Negotiation 189

Zycus Cognitive Procurement

FEBRUARY 2, 2021

Supplier Risk Management. From a risk management and vaccine distribution point of view, the supply chain will continue to be a CXO priority as we step into 2021. From a risk management and vaccine distribution point of view, the supply chain will continue to be a CXO priority as we step into 2021.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Contract management Contract 52

Procurify

JULY 20, 2022

So, what are the common challenges purchasing managers face today, and how can they address them? Risk management and mitigation. Risk management and mitigation is a primary purchasing challenge today. Before, purchasing managers often prioritized spend management.

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 52

Zycus Cognitive Procurement

JULY 29, 2021

How green procurement practices and robust supplier risk management can help organizations build superior brand equity and drive significant business outcomes. Sustainable procurement is the need of the hour. Zycus is equipped to provide deeper insights into spends, savings, procurement contracts, and much more.

Sustainability 40

Sustainability Procurement Agile and Lean Supply Chain supply chain software solutions 40

Skill Dynamics

OCTOBER 19, 2023

Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract. Global procurement strategies – complex negotiations can involve discussions across the world.

Negotiation 52

Negotiation Procurement Procurement strategies Buyers 52

Procurement Software

MARCH 11, 2022

Typically, the value that a procurement professional contributes to a business can usually be measured either in: Hard cost savings, or; Other, less tangible but equally important forms of value: Cost avoidance. Third party risk management. Contract lifecycle management. Supplier innovation.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Empowering CPO

JUNE 22, 2023

Improved Efficiency: Spend analysis can streamline procurement processes by identifying bottlenecks or inefficient practices. Risk Management: By providing a clear view of all spend, this analysis can help identify risks associated with supplier dependency or market volatility.

Suppliers 52

Suppliers Supply Chain Efficiency supply chain budgeting Data 52

Supply Chain Game Changer

NOVEMBER 22, 2018

Some things to give thought to as procurement continues to change with the change of the world. We affirm several of the same areas (Supply Chain, Risk Management, P2P, Innovation Driven Procurement, Contract Management, SaaS….), Risk Management.

supply chain budgeting 63

supply chain budgeting Procurement Supply Chain Efficiency supply chain software solutions 63

Arkestro

MARCH 27, 2024

Contract negotiation: Working with suppliers to establish the most favorable terms, pricing, and conditions. Risk management: Evaluating and mitigating possible risks in the supply chain, including disruptions and quality issues.

Buyers 52

Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

Empowering CPO

MAY 4, 2023

Spend analysis software: Applications that analyze procurement data to identify trends, risks, and opportunities for cost reduction. Contract management systems: Solutions that store, organize, and manage procurement contracts in a centralized repository.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

World of Procurement blog

JUNE 17, 2021

Contract Management is the process of managing all of your contracts. For this article, we’re going to focus on Contract Management related to your Supply Chain Contracts, or Procurement Contracts. This is the management of the entire contracting process though.

Contract management 52

Contract management Contract Management Contract administration 52

Procurement Software

MARCH 11, 2022

Typically, the value that a procurement professional contributes to a business can usually be measured either in: Hard cost savings, or; Other, less tangible but equally important forms of value: Cost avoidance. Third party risk management. Contract lifecycle management. Supplier innovation.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

Procurement Software

JUNE 20, 2023

Not only that, it also offers a single source of truth, having all of your contract documents and contract management data in one place. While this article focuses on procurement contract management software, some of these platforms also have features for Sales and Legal.

Contract management 52

Contract management Contract e2e Management 52

Una

OCTOBER 9, 2023

Supplier Relationship Management Building and nurturing strong, long-term relationships with suppliers is central to strategic sourcing. Risk Management Strategic sourcing assesses and mitigates risks associated with suppliers, market volatility, and geopolitical factors.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Templates

JUNE 18, 2023

These courses cover topics such as strategic sourcing, supplier management, contract negotiation, procurement analytics, and risk management. Contract Management: Contracts play a crucial role in procurement.

Leadership 147

Leadership Procurement Agile and Lean Supply Chain Supply Chain Efficiency 147

The Good Spending

NOVEMBER 4, 2024

The comparison—where a $100K sales win gets a $10K bonus, but saving $100K on a procurement contract gets nothing—might seem like a compelling argument for unfairness at first glance. However, this comparison oversimplifies the complex roles of sales and procurement teams. Let’s unpack this misconception from different angles.

Procurement 59

Procurement Contract Vendor relationships Procurement team 59

Procurement Insights

JANUARY 19, 2025

Reference : Top 20 supply chain management software suppliers, 2015 Oracle Procurement Cloud : Overview : Oracle’s procurement solutions integrated with their ERP systems, offering modules for sourcing, supplier management, and procurement contracts. Robust supplier risk management tools.

supply chain software solutions 52

supply chain software solutions Supply Chain Efficiency Supply Chain Optimization e2e 52