Procurement Tactics

JULY 23, 2023

It focuses on making things better by improving quality, getting rid of waste, and making processes more efficient. Edwards Deming, an American expert in quality management. In the 1950s, Deming introduced statistical process control methods to Japan, emphasizing the importance of quality and continuous improvement.

Agile and Lean Supply Chain 196

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

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. Supplier Data Quality & Management in Decision Making.

Agile and Lean Supply Chain 173

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

Arkestro

DECEMBER 5, 2024

Its real-time insights allow procurement teams to respond swiftly and effectively to changing market conditions and component availability. Arkestro allows them to quickly adapt to changing market conditions and component availability and focus on quality and innovation within their complex manufacturing processes.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply Chain Efficiency Supply chain resilience 52

Procurement Insights

FEBRUARY 18, 2025

Without a solid foundation, technology alone cannot fix broken procurement functions. Poor Data Quality = Weak Foundation Issue: AI and automation rely on clean, structured, and accurate data. If procurement teams use inconsistent, siloed, or outdated data , AI-powered solutions will produce unreliable insights.

Procurement team 52

Procurement team Procurement solutions Contract management Quality 52

Spend Matters

JANUARY 7, 2025

For example, finance teams are mostly conscious of ROI, TCO reductions and cost savings metrics, while risk and compliance teams want to see data that demonstrates improved compliance rates and reduced risk exposure. Procurement teams are generally more interested in how the software is used.

supply chain software solutions 114

supply chain software solutions Supply Chain Efficiency Procurement Raw materials 114

Procurement Insights

MARCH 23, 2025

“ The Forgotten Three A successful ProcureTech implementation can significantly influence product quality, supplier delivery performance, and full-time equivalents (FTEs) in indirect procurement by enhancing efficiency, visibility, and collaboration across the supply chain. Impact: Mechanism: ProcureTech tools (e.g.,

Real-time Visibility 52

Real-time Visibility Quality Supply Chain Efficiency Suppliers 52

Procurement Software

MARCH 16, 2025

Below are ten areas where digital procurement can deliver almost immediate improvements. Better Data One of the biggest advantages of digitising your procurement operations is improved data quality. Traditional procurement processes often involve scattered spreadsheets, disconnected email threads, and manual data entry.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

Spend Matters

FEBRUARY 26, 2025

With limited funding, labor shortages and rapid technological advancements, public sector organizations must find innovative ways to maintain or even improve service quality with fewer resources. Recent successes include: In 2024, 321 new government procurement teams were onboarded.

Procurement 116

Procurement Bidding Contract management Data 116

Jaggaer

FEBRUARY 5, 2025

This allows the procurement team to quickly identify the lowest or most favorable bid based on cost factors. Evaluating Non-Price Factors – Beyond price, there are often non-price factors that need to be considered, such as ESG , quality, delivery timelines, technical expertise, and supplier reputation.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

Jaggaer

NOVEMBER 14, 2024

While the prospect of digital transformation in procurement can be daunting, partnering with a world-class provider can guide your organization through a journey of improvement, delivering success across various metrics such as margins, profits, production targets, quality scores, ESG scores, and customer satisfaction.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Chief Procurement Officer Supply Chain Optimization 52

Procurement Tactics

NOVEMBER 23, 2022

Corporate social responsibility (CSR) is the commitment of businesses to behave ethically and contribute to the development of the economy all while improving the quality of life of their workforce and their surrounding community. . Thus, procurement can help drive that culture and promote participation by sourcing for the right partner.

Procurement 206

Procurement Ethics Sustainability Supply Chain Efficiency 206

ivalua

JULY 8, 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. Supplier Data Quality & Management in Decision Making.

Agile and Lean Supply Chain 26

Agile and Lean Supply Chain Supply chain resilience Supply Chain Efficiency Supply chain 26

World of Procurement blog

MAY 10, 2024

The Promise of AI for Procurement Teams Artificial intelligence (AI) has the potential to transform and revolutionize procurement processes. By combining spend visibility with insights from AI, procurement teams are better equipped to implement category-specific cost savings initiatives.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

ivalua

OCTOBER 18, 2022

In the latest Procurement Leaders Report and Survey , we ask top-performing CPO’s how they’re prioritizing data-enabled supply chain visibility–and the changes that need to be made. While data quality cannot be perfected and some technological innovations aren’t quite ready for prime time, tremendous improvements are possible.

Supply Chain Efficiency 130

Supply Chain Efficiency Data Procurement Supply Chain Visibility 130

NLPA (Next Level Purchasing Association)

JANUARY 6, 2025

The principle applies to physical inventory management and financial accounting, ensuring accurate valuation and compliance with quality standards. Ensures product quality and freshness. Customer Satisfaction Metrics : Correlation between FIFO and quality improvements. Increased inventory carrying costs.

Procurement team 52

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

ivalua

NOVEMBER 25, 2020

In August 2020 Gartner published this report “4 Tactics Procurement Can Use to Sustain Influence as Economic Conditions Improve” This blog summarizes the key points of the report which you can read in full, here. Procurement Teams Step-up. Help staff sell procurement’s value during recovery.

Chief Procurement Officer 130

Chief Procurement Officer Agile and Lean Supply Chain Procurement Supply Chain Efficiency 130

Procurement Templates

MARCH 3, 2024

Risk Assessment : Identifying potential risks associated with procurement activities is essential for effective planning and mitigation. Risks may include budget constraints, supply chain disruptions, quality issues, legal compliance, etc. Prioritisation of Needs : Not all needs may be equally urgent or important.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

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

ivalua

MARCH 24, 2021

The role that procurement plays in manufacturing organizations is a difficult one. This function must simultaneously balance cost reduction, quality, and assurance of supply in their quest to maximize profits. . This practice significantly increases risk and time-to-market, directly impacting the likelihood of product success.

Supply Chain Efficiency 130

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 130

Positive Purchasing

JANUARY 20, 2025

Kathleen has over 30 years of experience in consulting and operating at the executive level in procurement. The Shift from In-Person to Hybrid Work Models Procurement has significantly transformed with the shift from in-person to hybrid work models. Remote work has made procurement teams more agile and flexible.

Collaboration 52

Collaboration Procurement Procurement team Innovation 52

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

ivalua

OCTOBER 13, 2022

Gaining access to valuable supply chain information can prove a vital source of competitive advantage and help procurement teams contribute to achieving a range of business objectives, in particular improving ESG and increasing supply resiliency”, he added.

Supply Chain Efficiency 130

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

Barkers Procurement

DECEMBER 12, 2024

Tapping into their value is a massive advantage because up-and-coming suppliers with fresh thinking and transferable knowledge will put the industry in the best possible position to drive up production, quality and savings. Procurement teams who just assume small suppliers have the means to enter the A&D market are missing a trick.

Suppliers 52

Suppliers Bidding Negotiation Procurement team 52

ivalua

NOVEMBER 7, 2019

Redwood City, CA – November 7, 2019 – Ivalua, a global leader in spend management , today announced a range of new innovations that enable direct material procurement and supply chain leaders to launch more profitable, successful products. The new capabilities are available now as part of Ivalua’s latest platform release.

Innovation 22

Innovation Bill of materials Supply Chain Efficiency Management 22

ivalua

AUGUST 17, 2021

Procurement can and should be a significant value generator for the larger organization. There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: . Creating Value occurs when sourcing and procurement uses relevant sourcing processes and tools to engage and select the best fit supplier.

Procurement 130

Procurement Procurement team Sourcing Supplier relationship management 130

Procurement Templates

APRIL 15, 2024

Communicate Vision: Share the vision and objectives with the procurement team and stakeholders to gain buy-in and alignment. Stage 4: Process Improvement Days 31-40 Streamline Processes: Implement improvements to streamline procurement processes, reduce inefficiencies, and enhance compliance.

Procurement team 130

Procurement team Contract management Innovation Contract 130

Procurement Heads

MARCH 27, 2023

It is still the most challenging piece of procurement that I’ve ever been involved with, but I really enjoyed the work and after that I started applying for permanent procurement roles. What are the roles and responsibilities the procurement function holds within Futures Housing Group?

Sustainability 246

Sustainability Agile and Lean Supply Chain Influencing Contract 246

Spend Matters

DECEMBER 20, 2023

For procurement in particular, this shift couldn’t have come at a better time: it coincides with a transition point where the function is evolving into a strategic powerhouse. For procurement teams that seize this opportunity, generative AI will offer a springboard to leap ahead in various strategic domains.

Procurement solutions 117

Procurement solutions Procurement Procurement team Data 117

Procurement Insights

MARCH 25, 2025

” – Laura Barrett “Critical to getting a high-quality response to an RFP is Pre Market Engagement (PME). Enhanced Visibility into Procurement Data Challenge: Lack of a unified view across departments (purchasing, logistics, quality control).

Real-time Visibility 60

Real-time Visibility e2e Suppliers Contract 60

Procurement Tactics

OCTOBER 13, 2022

However, not many people know their real role in procurement. . We will discuss the role of strategic sourcing managers within the procurement team and their responsibilities in a company. Determine the quantity, quality, and timing of the delivery. In this article, we will discuss what a strategic sourcing manager is.

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

Procurement Templates

MARCH 6, 2024

Ok, so we all agree that us procurement people are powerhouses to yield good results, well most of the time! We all love a good simile or metaphor or what ever it is, and they can be quite useful in getting down to the core qualities of something in one fell swoop. When procurement bear fruit who are you within the fruit basket?

Procurement 130

Procurement Procurement team Negotiation Innovation 130

Procurement Leaders

JUNE 13, 2022

Procurement teams can have all the right people, skills, systems and processes in place, but without the right connections and relationships with the rest of the business the function can still fail to meet its potential and deliver against the needs of the wider organisation. Product Quality – led by quality.

Collaboration 130

Collaboration Strategy Product development Supply Chain Efficiency 130

ivalua

SEPTEMBER 28, 2020

So for the last decade the Procurement teams have been pushing the ‘No-PO, No Pay’ mantra, it’s now even ‘Government Policy’. However, ask any AP team member, in any company and they’ll tell you it’s impossible, ‘our business just doesn’t work like that!’ This was the challenge made to the Ivalua R&D team a year ago.

supply chain budgeting 237

supply chain budgeting Purchase orders Networking Buyers 237

TYA Suite

OCTOBER 27, 2024

facilitate the evaluation and selection of vendors based on various criteria, such as price, quality, and delivery performance. Streamlined Vendor Evaluation and Selection Choosing the right vendor is critical to ensuring quality products and services at the best prices.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

Procurement Leaders

JULY 1, 2024

Scope 3 data has emerged as an increasingly important topic within the Procurement Leaders community as supply chain sustainability has evolved from being a nice to have to a procurement imperative. Last week, we gathered some of our most mature members for a unique invite-only roundtable to deep-dive into the issue.

Collaboration 130

Collaboration Raw materials Agile and Lean Supply Chain Procurement team 130

Jaggaer

OCTOBER 24, 2024

Collaboration across Tier 1, Tier 2, Tier 3, and beyond requires visibility and communication regarding capacity, cost, risk, order quantities, inventory levels, quality , timelines, logistics, and more. Work collaboratively with suppliers in real time to improve parts and material quality while responding quickly based on demand forecasts.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

Spend Matters

JULY 21, 2022

As the famous "Michael Scott" scene goes: “You miss 100% of the shots you don’t take,” (Wayne Gretzky) and there are few problems that cause more untaken shots by procurement teams than untrustworthy data. Read more. ).

Data 98

Data Procurement Procurement team Procurement strategies 98