Procurement Templates

DECEMBER 11, 2024

finance, operations, and legal teams) to align procurement strategies with business goals. Needs Assessment: Actively gather and understand stakeholder requirements to ensure procurement decisions meet operational and strategic needs. Encourage continuous learning through executive coaching and global certifications (e.g.,

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

Una

FEBRUARY 20, 2023

Elements of a Diversified Procurement Strategy A diversified procurement strategy will utilize both traditional and nontraditional methods of sourcing to drive cost savings and value. This includes implementing aspects of a traditional procurement strategy and adding in some unconventional means to get desirable results.

Procurement strategies 98

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 98

Supply Chain Dive

NOVEMBER 27, 2023

Here are five workforce-related issues procurement teams should consider when analyzing their supply chains.

Procurement strategies 126

Procurement strategies Strategy Procurement Procurement team 126

Una

JULY 19, 2022

3 Reasons to Develop a Comprehensive Procurement Strategy. Because of this, it isn’t necessarily wise to approach procurement with a one-size-fits-all mentality. Benefits of building a comprehensive procurement strategy. Elements of a comprehensive procurement strategy.

Procurement strategies 98

Procurement strategies Strategy Procurement Supplier relationship management 98

Jaggaer

MARCH 24, 2025

As organizations continue to invest in these tools, their potential to reshape procurement strategies is immense, giving early adopters a serious competitive advantage. Spend Analytics: Maximizing Efficiency and Driving Cost Reduction Why Its Critical: Spend analytics is a cornerstone of a procurement technology transformation.

Procurement 52

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

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 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

Spend Matters

MARCH 11, 2024

At Spend Matters, it’s as important for us to get to know the requirements and opinions of the procurement community of practitioners as it is for us to understand the world of tech solutions and their providers. So it was good to see a nice mix of both presenting at Procurement Strategies and Innovation (PSI) last week.

Procurement strategies 111

Procurement strategies Innovation Strategy Procurement 111

Procurement Insights

FEBRUARY 18, 2025

Without a solid foundation, technology alone cannot fix broken procurement functions. If procurement teams use inconsistent, siloed, or outdated data , AI-powered solutions will produce unreliable insights. Solution: Digitize and streamline procurement processes first before layering AI on top.

Procurement team 52

Procurement team Procurement solutions Contract management Quality 52

Spend Matters

FEBRUARY 4, 2025

In many organizations, procurement is often perceived as a black box or a slow-moving, bureaucratic process that eventually creates friction between procurement teams and other departments, especially if employees feel that procurement is a barrier to getting their work done. It must be approachable.

Procurement 101

Procurement Purchasing Negotiation Buying process 101

IBM Supply Chain Blog

DECEMBER 13, 2023

The role of procurement extends beyond transactional activities. A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. What is a procurement strategy?

Procurement strategies 65

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 65

ProcurePort

APRIL 21, 2021

Source to pay is one of the core processes alongside procure-to-pay that procurement teams rely on to ensure raw materials and required services are available as and when needed. Understanding the S2P life cycle is vitally important as it will assist you in devising a strong procurement strategy, […].

Sourcing 130

Sourcing Raw materials Procurement team Procurement strategies 130

ProcurePort

AUGUST 31, 2023

Reverse auctions, a procurement strategy where suppliers compete to win business by lowering their prices, have become increasingly popular with Procurement Teams for saving […] The post Expert Advice – Selecting the Right Reverse Auction Software appeared first on ProcurePort Blog.

Bidding 130

Bidding Procurement team Procurement strategies Price 130

Procurement Tactics

JULY 23, 2023

For example, the procurement team looks at their office supplies and finds some outdated technology accessories and too many stationery items that they rarely use. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2. CERTIFICATE COURSES 1.

Agile and Lean Supply Chain 196

Agile and Lean Supply Chain Supply Chain Efficiency Procurement team Quality 196

Arkestro

DECEMBER 5, 2024

It leverages advanced technologies to optimize and automate procurement cycles and predict more favorable outcomes. Its real-time insights allow procurement teams to respond swiftly and effectively to changing market conditions and component availability.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply Chain Efficiency Supply chain resilience 52

Arkestro

JUNE 4, 2024

Resources / Blog / Unleashing Efficiency: The Benefits of Autonomous Sourcing in Procurement Strategies Unleashing Efficiency: The Benefits of Autonomous Sourcing in Procurement Strategies Discover how autonomous sourcing revolutionizes procurement strategies, streamlining processes and maximizing efficiency for businesses of all sizes.

Procurement strategies 52

Procurement strategies Sourcing Strategy Procurement 52

Jaggaer

NOVEMBER 14, 2024

It empowers procurement teams to make data-driven decisions that go beyond standard commercial metrics. Automation of procurement processes through AI technology further enhances efficiency and allows procurement teams to focus on strategic priorities.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Chief Procurement Officer Supply Chain Optimization 52

Spend Matters

SEPTEMBER 1, 2022

Procurement teams are also faced with the challenge of maintaining effective processes in light of the recent dramatic shift to remote work. In many organizations, they now provide an important business function and are responsible for driving savings, often working in conjunction with finance to ensure efficiencies and decrease risk.

Demand 98

Demand Procurement strategies Procurement Procurement team 98

Procurement Tactics

JUNE 22, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2.  Menu Course Library 1.

Purchase orders 200

Purchase orders Purchasing supply chain software solutions Buyers 200

Procurement Tactics

JULY 21, 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.  Menu Course Library 1. CERTIFICATE COURSES 1.

Negotiation 177

Negotiation Procurement strategies Sustainability Procurement 177

Procurement Templates

MARCH 6, 2024

So, here’s a breakdown of procurement personalities in the office if they were different fruits for you and your colleagues to debate what fits who! When procurement bear fruit who are you within the fruit basket? Their ability to maintain composure when things get hot makes them an indispensable part of the procurement team.

Procurement 130

Procurement Procurement team Negotiation Innovation 130

NLPA (Next Level Purchasing Association)

DECEMBER 11, 2024

If theres one thing weve learned in 2024, its that effective procurement strategies can make all the difference in a teams success. Whether its about navigating complex supplier relationships, managing costs, or preparing for unpredictable challenges, procurement leaders have shown that adaptability and innovation are key.

Procurement strategies 52

Procurement strategies Agile and Lean Supply Chain Strategy Procurement 52

The Procuretech Podcast

OCTOBER 29, 2024

In this episode of The Procurement Software Podcast, host James Meads interviews Dan Gianfreda, the new CEO of DeepStream, to explore how procurement teams can move from reactive to proactive tech adoption. This incremental approach minimises risk and maximises effectiveness.

Procurement team 40

Procurement team Procurement strategies Leadership Strategy 40

Procurement Tactics

JULY 2, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2.  Menu Course Library 1.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

ivalua

MARCH 31, 2020

New Ivalua study shows technology challenges are hindering procurement teams from achieving business objectives. The study revealed the challenges procurement teams face when it comes to achieving business objectives and the wide and growing gap in performance between advanced and less mature teams.

Procurement 130

Procurement Procurement team supply chain software solutions Supply chain 130

Procurement Insights

MARCH 16, 2025

Improved Outcome: Procurement teams get context-aware supplier suggestions , reducing risk and improving supplier relationships. pricing trends, geopolitical risks) and contextually compare it with internal procurement data. MCP ensures that AI remembers industry-specific risks and adapts procurement recommendations accordingly.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

Arkestro

JUNE 20, 2023

Research-backed procurement strategies can help CFOs achieve their goals while minimizing risk exposure across global supply chains. By implementing the right strategies, CFOs can reduce costs while still maintaining high quality standards. With 36% of leaders prioritizing AI implementation in finance [1].

Procurement strategies 52

Procurement strategies Supply Chain Efficiency Strategy supply chain budgeting 52

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. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2.  Menu Course Library 1.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Procurement Tactics

NOVEMBER 27, 2022

Here in Procurement Tactics, we have developed a course that will enable you to refine your strategy for your procurement. In our Annual Procurement Strategy Course , you will master everything in procurement that will enable you to make the best sustainable strategy for your company. .

Procurement 191

Procurement Sustainability Purchasing Raw materials 191

Spend Matters

JULY 21, 2022

Categories: Analytics , Procurement Strategy & Planning , Sponsored Article , Supplier Information Management Tags: Sponsored Article Most organizations believe that their procurement system centers on people, processes and technology. What’s missing in this picture?

Data 98

Data Procurement Procurement team Procurement strategies 98

NLPA (Next Level Purchasing Association)

FEBRUARY 2, 2024

The ever-evolving world of procurement demands agility, efficiency, and a sharp eye for optimization. This article dives into 7 situations where process improvement can revolutionize your procurement team and skyrocket your bottom line. Is your procurement team facing any of these situations? Look no further!

Procurement team 52

Procurement team Procurement Risk Collaboration 52

Spend Matters

APRIL 18, 2023

Categories: Procurement Strategy & Planning , Sponsored Article Tags: sponsored post Procurement is a critical function in any business, responsible for sourcing and managing the goods and services necessary for an organization to operate effectively. However, automation can only take procurement so far.

Import 103

Import Supplier relationship management Procurement Purchase orders 103

Spend Matters

JANUARY 31, 2023

Categories: Diversity , E-Sourcing , Procurement Strategy & Planning , Supply Risk Management Tags: sponsored post Stakeholders of all stripes want companies to do more when it comes to promoting sustainability and combating climate change; that includes investors, employees, customers and those in the community said business serves.

Procurement strategies 102

Procurement strategies Risk management Procurement team Risk 102

Procurement Tactics

JULY 4, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2.  Menu Course Library 1.

Raw materials 209

Raw materials supply chain software solutions supply chain budgeting Price 209

Procurement Tactics

JUNE 22, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2.  Menu Course Library 1.

Purchase orders 191

Purchase orders Purchasing Quantity Buyers 191

GoProcure blog

NOVEMBER 3, 2020

Ideally, finance and procurement teams can start with cost savings that do not affect the quality of operations. One way to find that balance, and perhaps even improve operations, is to move from a single source to a multisource procurement strategy.

Procurement strategies 52

Procurement strategies Sourcing Strategy Procurement 52

Spend Matters

DECEMBER 1, 2022

Categories: Procurement , Procurement Research , Procurement Strategy & Planning , Sponsored Article Tags: EU , Sponsored Article We are living in challenging times where companies are facing unprecedented challenges on multiple fronts.

Procurement 103

Procurement Procurement strategies Procurement team Inventory 103

Una

SEPTEMBER 6, 2022

Lean procurement teams pick their goals and targets with care when building their lean procurement strategies , focusing on achievable and high-impact activities such as tackling tail spend. . Jumpstart procurement on a shoestring. Tips for leveraging lean procurement. Create strategic focus.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain supply chain budgeting Procurement Procurement strategies 98