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 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. Importance of Should Cost Model A should-cost model is an essential tool for procurement and supply chain organizations.

Raw materials 209

Raw materials supply chain software solutions supply chain budgeting Price 209

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 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 178

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

Procurement Tactics

JULY 23, 2023

Imai emphasized the importance of small, incremental improvements made by everyone within an organization, rather than relying on large, radical changes Soon enough, Kaizen started spreading worldwide and got adopted by different industries like healthcare, services, and software development. CERTIFICATE COURSES 1.

Agile and Lean Supply Chain 196

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

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. There are various tools and software that provide a template to create a job order document.  Menu Course Library 1.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

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

Procurement Insights

APRIL 14, 2025

Influence on the Procurement Industry Hansen’s ABM has influenced procurement practices by emphasizing: Stakeholder Integration : Recognizing the importance of integrating various stakeholders’ processes and objectives to achieve cohesive procurement strategies. Influence on the Procurement Industry 1.

Supply Chain Efficiency 52

Supply Chain Efficiency Ethics Influencing Procurement strategies 52

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 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

Jaggaer

FEBRUARY 5, 2025

Secondly come eProcurement, Supply Chain Collaboration, Invoicing, and Payments. These four steps constitute the downstream procure-to-pay part of the process. Optimizing source-to-paythrough digital transformation streamlines every stage of your procurement strategy, improving visibility, efficiency, and collaboration.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

ivalua

MARCH 1, 2022

In late 2021, The Hackett Group asked Procurement Leaders about their strategic priorities and initiatives for the coming year. After a rollercoaster 2021, how do we pivot and plan for a successful Procurement strategy in 2022? . IMPROVE PROCUREMENT AGILITY . ACT AS A STRATEGIC ADVISOR TO THE BUSINESS .

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Procurement team supply chain software solutions Sustainability 130

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

NLPA (Next Level Purchasing Association)

JANUARY 6, 2025

What makes FIFO (First-In, First-Out) such a vital strategy for inventory management in Purchasing and Procurement? In the fast-paced and ever-changing world of supply chains, FIFO stands out as a simple yet transformative approach. Logistics & Supply Chain : Enhances throughput in distribution centers.

Procurement team 52

Procurement team Agile and Lean Supply Chain Procurement Supply Chain Efficiency 52

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.

Category management 108

Category management Management Supplier relationship management supply chain software solutions 108

SCMDOJO

AUGUST 21, 2023

Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supply chain!” In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. Discover the Top 10 TikTokers reshaping how you view supply chains.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 98

Procurement Software

APRIL 23, 2024

Spend analytics software would be the first tech investment I’d make in a greenfield Head of Procurement role. You have to know what you’re spending your money on before you can start to transform your procurement operations. To do this quickly and efficiently, spend analytics software is your best friend.

supply chain software solutions 52

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

Procurement Software

MAY 9, 2022

Supplier relationship management software can make things a little bit easier. Sales & Marketing teams have reaped the benefits of Customer Relationship Management (CRM) solutions & Marketing Automation for the past 15–20 years. Here are 5 Key Advantages from using Supplier Relationship Management Software.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Procurement Software

MAY 9, 2022

Supplier relationship management software can make things a little bit easier. Sales & Marketing teams have reaped the benefits of Customer Relationship Management (CRM) solutions & Marketing Automation for the past 15–20 years. Here are 5 Key Advantages from using Supplier Relationship Management Software.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Procurement Templates

JUNE 18, 2023

ChatGPT Procurement departments can take several steps to manage inflation effectively. Here are some strategies and practices that can be implemented: Long-term contracts: Procurement teams can negotiate long-term contracts with suppliers that include price adjustment mechanisms.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

ivalua

JANUARY 31, 2022

Enterprises will continue to undergo the financial burden of revenue disruptions, consumer , and uncontrolled supply chain variables. . Businesses are either pausing staffing efforts or ramping up talent acquisition strategies depending on the industry. The Criticality of the Supply Chain (and Suppliers).

Procurement 130

Procurement supply chain budgeting Agile and Lean Supply Chain supply chain software solutions 130

ivalua

MARCH 9, 2023

The Benefits of Source-to-Pay The market for S2P has evolved significantly in recent years, becoming an essential component of procurement strategy for most companies. By gaining visibility into spending patterns, demand, supplier performance, and supply markets–opportunities will be uncovered.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

Una

JULY 28, 2022

This is particularly true in terms of the procurement function. Is your procurement team territorial? Does your procurement team behave like a snapping saltwater crocodile? They know what software they want and can be highly resistant when the procurement team attempts to get involved in the purchasing decision.

Procurement 98

Procurement supply chain budgeting Procurement team e2e 98

Skill Dynamics

OCTOBER 19, 2023

A generic approach to training is not the solution to the increasing range of challenges facing procurement teams. This means that skills enhancement across wider roles is required for procurement professionals, with a focus on role-specific learning. This approach also helps with overall team development.

Supply Chain Optimization 52

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

Planergy

FEBRUARY 24, 2025

Modern Spend Management and Accounts Payable software. The Four Types of Procurement in Education Key Steps in the Education Procurement Process Who Benefits from Efficient Procurement? Think classroom supplies, laboratory equipment, educational software, and learning resources. What's PLANERGY?

Procurement 52

Procurement supply chain budgeting Supply Chain Efficiency Budget 52

Jaggaer

JUNE 9, 2020

As the COVID-19 virus begins to subside in many parts of the world, supply chains are stabilizing. Procurement teams can lead the way in building a robust system into the future. This should serve as a wakeup call for procurement teams to take a look at the clauses in their contracts. Revise Your Contracts.

Procurement strategies 52

Procurement strategies Strategy Management Procurement 52

Future Purchasing

JANUARY 11, 2022

2021 saw a massive amount of challenge for procurement teams; supply chain management challenges, political changes, trade barriers, COVID related staff shortages in all areas, blocked ports and working from home have thrown it all up into the air. Related case study – Procurement strategy and skills building.

Supply chain management 52

Supply chain management Supply chain management Agile and Lean Supply Chain supply chain software solutions 52

Supply Chain Game Changer

NOVEMBER 15, 2018

Mingling with procurement professionals, sourcing experts, category gurus and purchasing managers under the day gave me an incredible insight into daily challenges and pain points regarding their digital procurement strategies. Globalization has posed procurement teams with a double-edge sword. around the globe?

Supply Chain Efficiency 53

Supply Chain Efficiency supply chain software solutions Procurement Procurement team 53

Procurement Tactics

JULY 14, 2022

Due to this, procurement service providers became a viable option. . Provides supply chain management. Disruptions in the supply chain are still lingering because of the pandemic and the ongoing war between Ukraine and Russia. . You need to know what your procurement team is currently lacking.

Procurement 130

Procurement Supply Chain Efficiency Negotiation Strategic planning 130

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. Sustainability initiatives within the supply chain. Why procurement automation is where the magic happens.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Pipefy

JANUARY 11, 2023

In order to prepare for the next great disruption, a total overhaul of processes through procurement transformation is required to unlock a business that will not only survive but thrive as well. What is procurement transformation? What is a procurement transformation roadmap? What is a procurement transformation strategy?

Strategy 52

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

Empowering CPO

MAY 8, 2023

In today’s globalized and interconnected business environment, procurement processes are becoming increasingly complex, which exposes organizations to a wide range of risks. Effective procurement risk management entails identifying, assessing, and mitigating these risks to ensure a resilient and efficient supply chain.

Risk management 52

Risk management Risk Procurement strategies Strategy 52

Jaggaer

AUGUST 4, 2020

We sat down with Richard Hogg, Managing Director, JAGGAER UK, and Jim Rawlings, Commercial Direc tor, UK Ministry of Justice, to talk through the challenges and misconceptions about digital procurement in the public sector. In an era of austerity, procurement teams are facing increasing demand to save taxpaye r pounds.

Supply Chain Efficiency 78

Supply Chain Efficiency Demand Procurement supply chain software solutions 78

Arkestro

FEBRUARY 20, 2024

Resources / Blog / From Reactive to Proactive: How Predictive Procurement Reshapes the Industry From Reactive to Proactive: How Predictive Procurement Reshapes the Industry The procurement workload is expected to increase by 10.6% How does Predictive Procurement Orchestration Work? The result?

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Procurement Supply Chain Efficiency 52

NLPA (Next Level Purchasing Association)

JANUARY 20, 2025

Inventory valuation plays a crucial role in procurement and supply chain management. This article explores the key differences, advantages, and practical considerations of FIFO LIFO for procurement and supply chain professionals. Works seamlessly with inventory management software to automate stock rotation.

Inventory 52

Inventory supply chain software solutions Management Supply Chain Optimization 52

Pipefy

JANUARY 9, 2023

Supply chain risks heightened by geopolitical conflict. These are just some of the many challenges procurement teams have had to face since the pandemic and throughout 2022. 5 procurement trends for 2023. This presents a very real economic cost for companies already faced with a lack of procurement resources.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Procurement Procurement team Supply Chain Efficiency 59

Procurement Tactics

AUGUST 24, 2022

The procurement team and finance team work together to cross-check the items ordered and paid. Information of the suppliers must always be updated, Supplier network integrates with supplier management software and allows onboarding of suppliers. . Supply networks may require significant internal training time. .

Networking 130

Networking Suppliers Buyers supply chain budgeting 130