World of Procurement blog

APRIL 23, 2024

In the complex tapestry of global business, the mastery of procurement contracts represents a linchpin for securing the operational excellence and strategic advantage of organizations. It is through these contracts that businesses can navigate the uncertain waters of global commerce with assuredness and accountability.

Procurement contracts 52

Procurement contracts Contract Procurement Negotiation 52

ivalua

SEPTEMBER 2, 2019

A form arrived on my desk that required us to list some key contracts – I’m not even sure where it came from, to be honest. Why did these outsiders want to know about our key strategic suppliers? . This is sensible advice, and really, it could apply to almost every organisation, type and category of Procurement I can imagine.

Procurement 140

Procurement Contract Risk Suppliers 140

ivalua

JANUARY 29, 2020

For the vast majority of organisations, suppliers must play their part when it comes to agile business and speed to market. That requires extraordinary work internally and co-ordination with key suppliers. The related objective for that firm is that no less than 70% of those new products should come from supplier-generated ideas. .

Collaboration 164

Collaboration Innovation Agile and Lean Supply Chain Procurement 164

Procurement Heads

AUGUST 17, 2022

.” What procurement and supply chain skillsets are in demand in the public sector? Ben added, “Clearly, knowledge of European procurement, contracts and rule changes as a result of Brexit are in particular demand, as are supplier relationship management and softer skills for negotiating improved contracts.

Demand 130

Demand Procurement Supplier relationship management Supply chain 130

Empowering CPO

JUNE 22, 2023

Introduction In an increasingly interconnected global economy, supplier diversity has emerged as a key strategy for companies seeking not only to foster social responsibility and inclusivity, but also to drive innovation, competitiveness, and market growth. This can also highlight areas where supplier diversity can be improved.

Suppliers 52

Suppliers Supply Chain Efficiency supply chain budgeting Data 52

Spend Matters

OCTOBER 4, 2023

The power of supplier diversity in procurement: Driving business success through inclusion — Whether they are carrying out their own CSR strategy or responding to third-party initiatives and demands, businesses have their role to play in encouraging greater diversity among their suppliers.

Procurement 111

Procurement e2e Contract Sourcing 111

Procurement Insights

FEBRUARY 20, 2025

SAP Ariba : A leading procurement software company, SAP Ariba offers a comprehensive suite of solutions for supplier management, strategic sourcing, procurement, and financial supply chain management. Below is a curated list of notable ProcureTech SaaS companies. What does Nadella’s SaaS death statement mean to them?

supply chain software solutions 52

supply chain software solutions Supply Chain Optimization Real-time Visibility Supply Chain Efficiency 52

Procurement Tactics

DECEMBER 20, 2022

This is where contract lifecycle management comes into mind. It automates and streamlines the contract processes at each stage. By creating a unified and efficient process, companies and suppliers can save time and reduce errors when discussing contracts. . What is a Contract Lifecycle Management Software?

Contract 130

Contract Management e2e Contract management 130

ivalua

OCTOBER 28, 2022

This bill sends plenty of money to the state and local governments–but along with these allocations comes solicitations, procurements, contracts, deadlines, reporting requirements, and other overhead. After they designed, built, and deployed the solution, they could register hundreds of suppliers within hours of launching.

Bidding 130

Bidding Procurement Procurement team Procurement solutions 130

Procurement Templates

NOVEMBER 11, 2022

An example of this is when we buy, use and dispose of products from suppliers. Procurement Policy Note – Taking Account of Carbon Reduction Plans in the procurement of major government contracts Action Note PPN 06/21 05/06/2021 Issue. Scope 3 emissions include all sources not within the scope 1 and 2 boundaries.

Procurement 130

Procurement Bidding Contract Suppliers 130

ivalua

MARCH 5, 2020

Along with the rise of automation and AI, which reduce much of the traditional Procurement workload, these external drivers mean we must find a new role if we want to add real value. And increasingly, that means collaborative working with key suppliers who can support that need to be innovative, flexible and agile.

Collaboration 130

Collaboration Agile and Lean Supply Chain Procurement supply chain budgeting 130

Value Match

JULY 21, 2022

Government’s Achievements to Date There are number of ways in which the public sector currently provides procurement transparency. Find a Tender – 1 st January 2021 the UK Government launched Find a Tender where suppliers can search and apply for high value contracts, usually above £118,000.

Strategy 96

Strategy Procurement Contract Bidding 96

SCMDOJO

FEBRUARY 13, 2023

[Read More: Top 16 Procurement KPIs – The Ultimate Guide ] Key Takeaways The procurement department is critical to an organization, obtaining quality goods and services at competitive prices while ensuring the organization’s resources are needed to succeed. Research other options to source the best value products and services.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

SCMDOJO

JULY 18, 2023

Contract management plays a crucial role in the procurement process, as it helps ensure compliance, mitigate risks, and optimize supplier relationships. By effectively managing contracts, organizations can maximize the value of their procurement activities and minimize potential issues.

Contract management 98

Contract management Contract Import Management 98

World of Procurement blog

APRIL 23, 2024

Strategic Sourcing : Identifying and developing key suppliers and products to optimize spend. Risk Management : Assessing and mitigating risks associated with suppliers and agreements. Supplier Relationship Management : Building and maintaining positive relationships with suppliers.

Ethics 52

Ethics Procurement Supplier relationship management Market knowledge 52

World of Procurement blog

APRIL 23, 2024

Strategic Sourcing : Identifying and developing key suppliers and products to optimize spend. Risk Management : Assessing and mitigating risks associated with suppliers and agreements. Supplier Relationship Management : Building and maintaining positive relationships with suppliers.

Ethics 52

Ethics Procurement Supplier relationship management Market knowledge 52

ivalua

DECEMBER 17, 2018

Sylvie Noel CPO, Covéa talks about how people used to complain about the Procurement Black Tunnel and both Deutsche Telekom and Maxim Healthcare had so many issues getting users and/or suppliers onboard with previous solutions that they ended up moving to Ivalua to help them with user/supplier engagement.

Procurement 124

Procurement Data Suppliers Sourcing 124

World of Procurement blog

APRIL 23, 2024

At its most basic, a supply chain is a system consisting of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer. What Is a Supplier? A supplier provides products or services to another entity in the supply chain. What Is a Vendor?

Supply chain management 52

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

World of Procurement blog

APRIL 23, 2024

At its most basic, a supply chain is a system consisting of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer. What Is a Supplier? A supplier provides products or services to another entity in the supply chain. What Is a Vendor?

Supply chain management 52

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

Spend Matters

FEBRUARY 14, 2024

To potential buyers — Pactum’s approach to negotiations is unlike anything else on the market and is ideal for large organizations that are looking to not only save time, but also reduce costs to suppliers. This content is for members only. Visit the site and log in/register to read.

Negotiation 103

Negotiation Buyers Contract Suppliers 103

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. Strengthened supplier relationships arise from negotiation training.

Negotiation 52

Negotiation Procurement Procurement strategies Buyers 52

Procurify

JULY 20, 2022

Although this is still an important part of their job, strictly working with low-cost suppliers isn’t always the best way to manage spending. With the current state of supply chains, purchasing managers need transparent market and supplier intelligence. As a result, suppliers are passing these price increases on to customers.

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 52

Procurement Heads

JUNE 6, 2023

KC: When Surrey and East Sussex first came together under Orbis Procurement we did a piece of work around synergies and our supplier base was around 50% of the same suppliers. We are working to make it easier for our suppliers to work with us, but we are not there yet. It is a big area that we need to focus on.

Contract management 130

Contract management Contract Supply Chain Efficiency supply chain budgeting 130

ivalua

MAY 15, 2019

The task of manually doing this or even using some basic automation would require weeks or months of human work to check each contract to ensure the right language is included given the context of the contract, the supplier and the buyer.

Contract 150

Contract Data Management Contract management 150

ivalua

MAY 15, 2019

The task of manually doing this or even using some basic automation would require weeks or months of human work to check each contract to ensure the right language is included given the context of the contract, the supplier and the buyer.

Contract 147

Contract Data Contract management Risk 147

Arkestro

MARCH 27, 2024

Regardless of industry, procurement buyers fulfill their role by finding the best suppliers, negotiating contracts, and identifying the most cost-effective, timely procurement of goods. The best procurement buyers have a solid understanding of market trends, supplier performance, and ethical sourcing.

Buyers 52

Buyers supply chain budgeting Supply Chain Efficiency Procurement 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. Responsible Contract Management: . Foolproof Supplier Information Management: .

Sustainability 40

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

Una

OCTOBER 9, 2023

DOWNLOAD PLAYBOOK Table of Contents Introduction In procurement and supply chain, staying ahead of the game is not just a goal – it’s a necessity. Strategic sourcing has become a pivotal approach to procurement, offering a pathway to significant cost savings , enhanced supplier relationships, and optimized sourcing practices.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

ivalua

MARCH 14, 2019

Add sourcing workflow to the mix, and introduce machine learning that can link directly to the supplier and track savings, then you can start to see where the science comes in. But now with strategic sourcing and category management, the process has become much easier to track, monitor and control.

Procurement 100

Procurement Innovation Networking Strategic sourcing 100

Barkers Procurement

MAY 25, 2022

To achieve Jersey Electricity’s objectives, Barkers provided a senior procurement and commercial consultant experienced in various procurement and commercial aspects as well as communications and stakeholder management. Most of the initiatives meant, first of all, a change in the mindset of all of the stakeholders.

Contract management 52

Contract management Supplier relationship management Negotiation Contract 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. Supplier innovation. Contract lifecycle management. Let’s also not forget suppliers too.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Empowering CPO

MAY 4, 2023

Enhanced collaboration: Digital tools facilitate real-time communication and collaboration between procurement teams, suppliers, and other stakeholders. Greater transparency: Real-time tracking of procurement activities allows for better monitoring and control of the entire process.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Zycus Cognitive Procurement

FEBRUARY 2, 2021

Supplier Risk Management. Factors like geographical risk, delivery delays, suppliers’ safe work environment, and the like have surfaced risk management as an enterprise’s immediate agenda. Contract management and e-procurement are other immediate areas of transformational interest for enterprises.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Contract management Contract 52

Pipefy

NOVEMBER 24, 2023

Procurement solutions encompass a wide range of specific functions due to the many aspects of the procurement process, including purchase requests centralization, procure-to-pay, sourcing, budget management, supplier management, and forecasting. E-procurement software also supports the specification phase of procurement.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency e2e 52

TYA Suite

DECEMBER 16, 2024

Its about having the ability to make fast decisions, adapt to new information, and collaborate easily with suppliers. Instead of following long, rigid processes, agile procurement allows businesses to move quickly and efficiently, whether it's dealing with market changes, shifting supplier conditions, or new business demands.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Procurement Real-time Visibility Procurement team 40

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 Freelancers

JUNE 4, 2023

Buyers and suppliers used to do business via written contracts. Even though this is still… The post The Stages Of Contract Lifecycle Management As Followed By Contract Managers first appeared on Procurement Blog | Procurement & Supply Chain News.

Contract management 52

Contract management Contract Management Buyers 52