ivalua

MARCH 30, 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. .

Suppliers 130

Suppliers Supplier relationship management supply chain software solutions Supply Chain Efficiency 130

World of Procurement blog

JULY 28, 2021

We need to think about Supplier Relationship Management during Covid-19 COVID-19 is having a significant effect around the world for individuals in terms of the way we work and live our daily lives. In this article, Sharon Croome breakdown a simple step-by-step guide to Supplier Relationship Management in the Supply Chain.

Supplier relationship management 52

Supplier relationship management Suppliers Management Supply Chain Optimization 52

Arkestro

DECEMBER 26, 2024

Procurement teams are already using AI-powered tools to analyze vast amounts of data to identify patterns, predict trends, and recommend actions. By automating routine work, procurement professionals can focus on high-impact tasks like strategic sourcing and relationship building with key suppliers. trillion , a 9.3%

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

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. Set expectations with suppliers.

Supply chain resilience 242

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

Zycus Cognitive Procurement

JULY 30, 2021

SUPPLIER RELATIONSHIP MANAGEMENT (SRM) MATURITY IS CORRELATED WITH PROFITABILITY. Hence, procurement teams are compelled to scale up, scale down, pause, or even accelerate processes depending on the market situation and current supplier dynamics. Learn More: Vendor Management.

Supplier relationship management 52

Supplier relationship management Suppliers Management Procurement 52

Empowering CPO

JUNE 27, 2023

This transformative practice enables organizations to delve deep into their purchasing data, gaining invaluable insights that can revolutionize their supplier relationship management (SRM) strategies.

Supplier relationship management 52

Supplier relationship management Suppliers Management Negotiation 52

ivalua

MARCH 26, 2019

We know that Procurement is going through a huge transformation, and we know that some departments are charging ahead while others are just getting started, but this is what The Hackett Group says Procurement teams are evolving into in 2019 and in the years to come.

Eprocurement 113

Eprocurement Supplier relationship management Procurement Procurement team 113

Positive Purchasing

FEBRUARY 18, 2025

These regulations often restricted the ability to negotiate freely with suppliers, requiring that every engagement be documented and conducted under equal conditions. While this safeguarded fairness, it usually left procurement teams feeling constrained, focusing more on compliance than a strategic outcome.

Procurement 52

Procurement Supplier relationship management Negotiation Contract 52

Procurement Software

MARCH 16, 2025

Digital procurement tools centralise procurement data in one app – or maybe several apps that all talk to one another – ensuring accuracy and real-time updates. This makes it easier to track spending patterns, supplier performance, ESG data, and contract compliance.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

Zycus Cognitive Procurement

JANUARY 31, 2023

As businesses strive to remain competitive in times of economic uncertainty, there is an increased need for effective supplier relationship management. A strong collaboration between the purchaser and suppliers can result in lower costs and better quality products, while driving innovation.

Supplier relationship management 40

Supplier relationship management Suppliers Management Supply Chain Efficiency 40

Jaggaer

FEBRUARY 5, 2025

Mastering Strategic Sourcing: Efficiency and Cost Savings in Procurement Strategic sourcing is a data-driven approach that focuses on long-term supplier partnerships rather than one-time cost reductions. Key elements include total cost of ownership (TCO) analysis, supplier relationship management, and category management.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Real-time Visibility 52

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.

Agile and Lean Supply Chain 173

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

Supply Chain Game Changer

NOVEMBER 14, 2018

This article will look at a model for stratifying and segmenting your supply base within the confines of a structured and formal supplier relationship program (SRP). The development of supplier relationship management (SRM) accompanied the stratification of the supply base into a number of different hierarchical models.

Supplier relationship management 44

Supplier relationship management Suppliers Management Agile and Lean Supply Chain 44

Spend Matters

APRIL 18, 2023

Automation can bring a range of benefits to procurement processes, such as increased efficiency, cost savings and reduced errors. However, automation can only take procurement so far. There are certain areas where the human touch is essential, such as negotiation, decision-making and relationship-building. Read more. )

Import 103

Import Supplier relationship management Procurement Purchase orders 103

Skill Dynamics

AUGUST 11, 2022

This article outlines some best practices for strategic Supplier Relationship Management (SRM) that will help buyers increase their effectiveness in managing critical suppliers. Identifying your strategic suppliers. It also leaves the buyer with a greater appreciation of supplier capabilities.

Procurement team 52

Procurement team Suppliers Supply chain Supplier relationship management 52

Procurement Heads

JANUARY 4, 2023

In 2020, I moved back into corporate life as Head Of Supplier Relationship Management with Coventry Building Society. What are the roles and responsibilities, the procurement or SRM function holds within your organisation? And what are some of the main challenges that you and your team are currently facing?

Supply Chain Efficiency 246

Supply Chain Efficiency Agile and Lean Supply Chain Sustainability Suppliers 246

Jaggaer

OCTOBER 24, 2024

That’s why supplier collaboration—that consistent, trusted, and responsive interaction between supplier and manufacturer—is pivotal to manufacturing success. Supplier Collaboration vs. Supplier Relationship Management What good is having the best suppliers if you can’t communicate well enough to leverage their products and skills?

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

ivalua

MARCH 16, 2021

Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed in late 2020 by Philip Ideson from Art of Procurement. When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity. Set expectations with suppliers. Why is visibility so important?

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

ivalua

APRIL 20, 2023

Hutchinson started digitalizing procurement in 2014 with Ivalua’s supplier relationship management and spend analysis modules. The company has now upgraded its current system with the addition of Ivalua’s eProcurement solution to digitalize its indirect procurement.

Eprocurement 130

Eprocurement Procurement Supplier relationship management Spend management 130

Procurement Heads

JULY 6, 2022

As far as the split of the function we have four main areas, sourcing – a mix of Procurement Managers and Advisors across Germany, London and Delhi. Thirdly, our procurement operations team covers our spend analytics team, information-sourcing and general procurement support and that team is based in Delhi.

Networking 241

Networking Supplier relationship management Procurement Risk 241

ivalua

JUNE 1, 2022

When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity. In fact, the pandemic spurred enormous growth and expansion for Procurement, while helping uncover hidden weaknesses in procurement processes and procedures. Set expectations with suppliers.

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

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

SCMDOJO

APRIL 26, 2023

Job Description and Requirements ] At a glance: What is Category Management in Procurement? Category Management Software What is Category Management in Procurement? This strategy also ensures strategic supplier relationship management as per the various categories.

Category management 108

Category management Management Supplier relationship management supply chain software solutions 108

Supply Chain Game Changer

NOVEMBER 26, 2018

Looking back on the training process, our research, strategy, implementation and evaluation methods closely mirrored supplier relationship management and procurement management. Having a Supplier Code of Conduct is a must!! In my eyes, IWAY was at the center of Ikea’s rapid expansion. Have a Clear Vision.

Procurement team 43

Procurement team Supplier relationship management Procurement Suppliers 43

Una

APRIL 13, 2023

Once you have identified the segmentation criteria, categorize suppliers based on these factors. These vendors are now a part of your Supplier Relationship Management program. What does Supplier Relationship Management (SRM) involve? Contact us to learn more.

Suppliers 98

Suppliers Supplier relationship management Agile and Lean Supply Chain Supply Chain Optimization 98

Procurement Leaders

DECEMBER 9, 2022

Here, CPO Eric Espinasse describes some of the strategies he has employed to manage the market volatility, from building up inventory to advanced segmentation and closer supplier relationships. PL: Could you share a little bit about your procurement team structure, its strengths and the challenges you face at Ferring?

Suppliers 147

Suppliers Bill of materials Raw materials Supplier relationship management 147

CPO Rising

MARCH 7, 2025

Each list will include a variety of procurement tips, trends, insights, research, lists, strategies, and/or recommendations designed to help procurement teams… The post CPO Rising Listicle: AI in Action Procurement, Part 3 appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.

Chief Procurement Officer 52

Chief Procurement Officer Procurement Procurement team Supply management 52

Planergy

MARCH 19, 2025

How better management in AP can give you better flexibility for cash flow management. Technology automates repetitive tasks like purchase approvals, order tracking, and invoice management, freeing up administrators time for strategic planning.

Suppliers 52

Suppliers Management supply chain budgeting Supply Chain Efficiency 52

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. . Tips for leveraging lean procurement. For many organizations, “lean” simply means reducing the costs involved in procurement.

Agile and Lean Supply Chain 98

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

Procurement Templates

NOVEMBER 26, 2023

In one example, AI-driven supplier relationship management (SRM) systems streamline communication, providing real-time updates and facilitating collaborative sharing and decision-making. Procurement teams must embrace ongoing training programs to enhance their proficiency in leveraging AI tools and analytics effectively.

Procurement 130

Procurement Supply Chain Efficiency Ethics Supply Chain Optimization 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

Una

OCTOBER 25, 2022

Consolidate your supplier lists. There are several benefits associated with supplier consolidation. It enables procurement teams to leverage economies of scale and improve the quality of products and services purchased. Reducing suppliers also helps mitigate risk throughout the supply chain.

Supply Chain Efficiency 105

Supply Chain Efficiency Procurement Purchase orders Real-time Visibility 105

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. Advice for others. Project leaders of Electronics 2.0

Collaboration 130

Collaboration Strategy Product development Supply Chain Efficiency 130

Una

MARCH 30, 2023

Cost is, and should always be, a foundational part of procurement’s purpose but expanding its focus beyond cost will unearth other sources of value. My CFO only cares about cost reduction This is a common excuse for procurement teams who are struggling to move the needle beyond cost reduction.

Procurement 104

Procurement Supply Chain Efficiency Procurement team Sustainability 104

Supply Chain Game Changer

MAY 26, 2020

Procurement is also responsible to suppliers. It is important that Procurement teams run and manage an effective and robust Supplier Relationship Management (SRM) program. Procurement is also accountable for Responsible Sourcing. And finally Procurement is responsible to sell itself!

Procurement 105

Procurement Purchase orders Supply Chain Optimization Ethics 105

Spend Matters

JANUARY 4, 2024

Organizations should adopt flexible and extensible AI solutions that can quickly grow to adapt to new use cases, which allow users to control the prompts and address the challenges that matter most to their procurement team.

Procurement solutions 114

Procurement solutions Procurement Agile and Lean Supply Chain Supplier relationship management 114

Una

JULY 19, 2022

Bringing in a consultant may be a viable option for some organizations that are looking to overhaul their procurement strategies or refine their policies. Supplier Relationship Management. Outsourcing procurement.

Procurement strategies 98

Procurement strategies Strategy Procurement Supplier relationship management 98