Procurement Leaders

JUNE 20, 2023

Every year, Procurement Leaders’ research team explores category planning for the next 12 months. There is a vigorous debate in the world of procurement about the speed at which we transform categories. In previous years, we have looked at competitive pressures, market dynamics and savings forecasts.

Procurement team 147

Procurement team Procurement Influencing Buyers 147

Procurement Freelancers

JULY 4, 2024

You want to obtain the finest… The post Identify Essential Skills for a High-Performing Procurement Team first appeared on Procurement Blog | Procurement & Supply Chain News. Imagine that your school requires a large project purchase.

Procurement team 73

Procurement team Procurement Purchasing Supply chain 73

Barkers Procurement

DECEMBER 16, 2024

With Christmas and January sales approaching, procurement teams are well into peak season. As we near the end of the year, the current season will soon be over, and procurement teams will start preparing to plan the next one. For many FMCG procurement teams, these risks are linked to inaccurate forecasting.

Procurement team 52

Procurement team Procurement Agile and Lean Supply Chain Demand 52

All Things Supply Chain

SEPTEMBER 9, 2019

Procurement teams have a growing responsibility within organisations. Cost and quality will always play a huge part across the function (for both direct and indirect categories) but creating value and…

Innovation 240

Innovation Supply chain Procurement team Quality 240

ProcurePort

MAY 27, 2020

Determining how much total money spent in the last year, identifying vendors and managing their relationships, and listing out the various categories of products and services purchased are daunting tasks to any procurement team. The post Your 5-Step Procurement Spend Analysis Template appeared first on ProcurePort Blog.

Procurement 254

Procurement Procurement team Purchasing Management 254

ProcurePort

SEPTEMBER 20, 2022

Such circumstances make it important for procurement teams […]. First, suppliers can eliminate competition by applying a loss-leadership strategy that drives other companies out of business. • In other cases, demand far outweighs supply, making it hard for buyers to negotiate.

Buyers 246

Buyers Negotiation Purchasing Strategy 246

ProcurePort

AUGUST 31, 2021

With the increasing adoption of technology in procurement, many Chief Procurement Officers (CPOs), accounts payable teams, and suppliers are turning to electronic invoicing as a viable solution to the issue of invoicing in a digital era. Digital transformation is taking center stage as procurement teams look […].

Chief Procurement Officer 245

Chief Procurement Officer Procurement team Procurement Suppliers 245

ivalua

FEBRUARY 10, 2023

How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy. The key for procurement teams is to stay ahead of inflationary trends so they can anticipate needs and adjust accordingly before problems arise.

Price 264

Price Strategy Sourcing Real-time Visibility 264

ivalua

JANUARY 8, 2023

For procurement organizations, the German Supply Chain Act presents both challenges and opportunities. The new set of regulations add an additional layer of compliance and risk management to the procurement process. The post What does the German Supply Chain Act Mean for Procurement?

supply chain software solutions 244

supply chain software solutions Supply Chain Efficiency Supply chain Procurement 244

ivalua

MAY 31, 2022

Reviewing pandemic responses and strategies, some CPOs and Procurement teams managed a bit better than their peers as uncertainty and change mounted. These teams were able to quickly communicate and negotiate with their key suppliers to establish a “supplier of choice” solution. . Why is Supplier Information so important?

Suppliers 246

Suppliers Supplier relationship management supply chain software solutions Agile and Lean Supply Chain 246

RPF360

NOVEMBER 3, 2022

Does your procurement team take requests? Listening to and serving stakeholders is a big part of creating a successful procurement team. Fortunately, a procurement request form makes it easy for stakeholders to initiate a project and engage with procurement.

Procurement 195

Procurement Procurement team Management 195

ABC of Procurement

NOVEMBER 22, 2024

However, I rarely find remote procurement teams. The post Remote work in Procurement first appeared on ABC of Procurement. We live in an era of Remote work. Is there a real reason for it?

Procurement 147

Procurement Procurement team 147

RPF360

AUGUST 25, 2022

How do you measure the success of your procurement team? Procurement KPIs quantify, capture and report the efficiency and effectiveness of the department. The post Procurement KPIs: How to quantify value and measure success appeared first on RFP360. By establishing key performance indicators.

Procurement 201

Procurement Procurement team Suppliers 201

Procurement Heads

NOVEMBER 14, 2022

The importance of the procurement team is more clearly recognised in some organisations and less so in others. Get an understanding of the perception of procurement and its engagement throughout the business.

Procurement 245

Procurement Procurement team Budget Import 245

RPF360

OCTOBER 6, 2022

Cost savings and cost avoidance are important strategies for procurement teams. Explore how you can differentiate between cost savings vs cost avoidance and see how you can reduce spend using both along with examples. The post Cost savings vs cost avoidance: What’s the difference? appeared first on RFP360.

Procurement team 197

Procurement team Strategy Import Procurement 197

ivalua

JUNE 4, 2020

In this article we’ll review how supplier management capabilities in Source-to-Pay technology can free-up and enable a manufacturer’s direct material procurement team to do what they do best to ensure the supply chain remains resilient and agile: be creative and strategic. Managing a complex network of direct material suppliers.

Agile and Lean Supply Chain 173

Agile and Lean Supply Chain Supply chain resilience Supply Chain Efficiency Supply chain 173

Procurement Templates

FEBRUARY 13, 2024

Risk of Sterility: Procurement processes often prioritize standardization and uniformity, which could result in Valentine’s Day celebrations feeling impersonal or sterile.

Procurement 264

Procurement Budget Procurement team Negotiation 264

ivalua

SEPTEMBER 25, 2020

The study found that 88% find it challenging to hire the right digital skills to work with technologies such as AI, cloud-based platforms or data analytics, while 76% say they are concerned that existing procurement teams will struggle to work with new technologies.

Procurement 188

Procurement Procurement team Risk Spend management 188

ivalua

FEBRUARY 8, 2023

Procurement teams are now expected to manage a lot of moving parts — from supplier relations to spend, risk, compliance, contractual obligations, contingency plans and more — and a lack of visibility inhibits their ability to do any of that effectively. Work to achieve 100% supply chain visibility. Why is visibility so important?

Supply chain resilience 242

Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

ivalua

JANUARY 29, 2021

Therefore, the survey gives a fascinating insight into the impact that the pandemic has had on procurement teams globally. “70% 70% of respondents maintained or increased digital procurement investment post covid” .

Suppliers 195

Suppliers Bill of materials Procurement team Risk management 195

ProcurePort

OCTOBER 20, 2020

Procurement teams should revise their suppliers annually. However, we all know that sourcing and procurement are not the easiest of […]. When was the last time you changed vendors? Are you being charged a fair market price for your supplies?

Bidding 165

Bidding Procurement team Price Sourcing 165

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. This involves closely aligning procurement with production requirements, and procuring materials and supplies in quantities that meet immediate production needs.

Agile and Lean Supply Chain 196

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

Procurement Leaders

SEPTEMBER 8, 2022

Fast forward a few months, and with those same events continuing to challenge procurement teams, leaders have revealed what it is that they want. Instead, developing team skills and talent tops CPOs’ agenda for the coming 12 months. It caps a growing recognition of the importance of the people staffing today’s procurement teams.

Supply Chain Efficiency 195

Supply Chain Efficiency Procurement team Buyers Procurement 195

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

ProcurePort

JUNE 30, 2021

Procurement teams are always on the hunt for resources that allow them to streamline the vendor management process. That’s why in the world of e-Procurement, one tool that is exceedingly appreciated is the supplier portal. Is there a cost-effective way to effectively manage a supplier database?

Suppliers 147

Suppliers Vendor management Procurement team Management 147

ivalua

NOVEMBER 28, 2022

Doing so will help organisations to better handle disruption, and cope with growing pressure that recession and inflation will pile on procurement teams in the next 12 months.” It is based on a survey of 303 UK procurement decision makers at companies with 1,000 or more employees and revenues greater than £50 million.

Agile and Lean Supply Chain 279

Agile and Lean Supply Chain Supply chain Supply Spend management 279

SCMDOJO

SEPTEMBER 7, 2021

Nowadays, no one could deny that, businesses today expect procurement teams to drive value beyond cost savings. As a consequence, procurement leaders are constantly looking for ways in order to enhance their procurement process and make it more sustainable. And so, they track an array of metrics such as KPIs.

Procurement 144

Procurement Procurement team Sustainability Data 144

Procurement Heads

OCTOBER 12, 2022

My role was to professionalise the team, work out where cost savings could be made and put a plan in place to deliver on that. The first thing I did was to strengthen the management of the procurement team. Building the team and having greater visibility internally.

Chief Procurement Officer 246

Chief Procurement Officer Real-time Visibility Procurement team Procurement 246

Supply Chain Brain

DECEMBER 20, 2023

From scenario planning to relationship building, procurement teams are in a new era of risk management that will be crucial for long-term success.

Risk management 126

Risk management Risk Management Procurement 126

Supply Chain Brain

AUGUST 14, 2024

Procurement teams need to recognize their role in allowing service levels to fall, and to rethink how they approach their supplier relationships.

Procurement team 114

Procurement team Suppliers Procurement 114

Spend Matters

NOVEMBER 25, 2024

Spend analytics is crucial for procurement teams as it provides valuable insights into the organization’s spending patterns, supplier performance and potential cost-saving opportunities.

Procurement team 96

Procurement team Market analysis Strategic sourcing Strategic sourcing 96

RPF360

SEPTEMBER 30, 2022

As procurement teams become increasingly lean and strategic, how can practitioners develop deeper skills and understanding for the future? Explore how adopting modern procurement skills like data analysis, RFP automation, procurement negotiation and more translate into efficiency and effectiveness.

Procurement 130

Procurement Procurement team Negotiation Data 130

Procurement Templates

MARCH 3, 2024

Procurement can leverage market intelligence to make informed decisions, mitigate risks, and drive strategic value within the organization. Procurement teams can analyze market trends, supplier capabilities, financial stability, and reputation to evaluate potential suppliers and select the most suitable ones.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

ProcurePort

AUGUST 17, 2022

• Procurement is a complex undertaking that demands time and effort. Procurement teams spend time managing contracts, handling invoicing, and conducting matching processes. Automation provides an easy way to handle invoices. Thus, […].

Procurement team 130

Procurement team Contract Demand Procurement 130

Supply Chain Brain

APRIL 17, 2024

Procurement teams across the globe are stepping up, adapting and innovating amid whispers — and sometimes shouts — of economic uncertainty.

Data 109

Data Procurement team Innovation Procurement 109

Procurement Tactics

NOVEMBER 23, 2022

By working with procurement teams, companies can source external resources that may help achieve CSR initiatives. . When the company is looking for external resources, sustainable procurement can help document the needs of the organization to ensure that the solution aligns with your initiatives. . CSR is a culture of a company.

Procurement 206

Procurement Ethics Sustainability Supply Chain Efficiency 206

ProcurePort

JUNE 28, 2022

A cost reduction in procuring new goods and services can allow enterprises to position their end products and services competitively, thus impacting the bottom line. • In recent years, procurement teams have played a strategic role in most organizations. A key driver of this shift has […].

Purchasing 130

Purchasing Procurement team Procurement Import 130