ivalua

MARCH 9, 2023

By gaining visibility into spending patterns, demand, supplier performance, and supply markets–opportunities will be uncovered. Spend under management: S2P software can help procurement teams better manage the percentage of company spend that is under contract and under management.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

ivalua

JANUARY 31, 2022

CPO’s and CFO’s will join forces to combat inflation and supply risk, supply assurance will be perceived as more important than price, convenience and customer service gaining significant popularity, and vigilance against commodity and supply market manipulation will be critical. #3. More on that here.

Procurement 130

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

SCMDOJO

APRIL 26, 2023

Category Management as a Strategic Procurement Function Category management is regarded as a strategic procurement function as it helps drive value for the organization, such as reduced prices and costs, supply chain risks and timescales and focusing on building supplier relationships.

Category management 108

Category management Management Supplier relationship management supply chain software solutions 108

Future Purchasing

OCTOBER 4, 2022

Too often Procurement works in isolation when deciding what category projects to work on. Procurement teams clearly appreciate why strategic alignment planning activity is such an important activity. Strategic alignment is best completed by senior members of the procurement team along with senior stakeholders.

Category management 52

Category management Collaboration Real-time Visibility Management 52

Future Purchasing

OCTOBER 4, 2022

Category management is the strategic end-to-end process for managing categories of related supplier spend that aligns business goals and requirements with supply market capability. In contrast, strategic sourcing is the process used by Procurement teams to source products and services for the business.

Category management 59

Category management Strategic sourcing Strategic sourcing Sourcing 59

SCMDOJO

FEBRUARY 13, 2023

The procurement department is an integral part of any organization, playing a crucial role in the purchasing process. To get the most out of any procurement team, all the associated key roles need to be filled with qualified individuals that understand both technology and the principles of supply chain management.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

Procurement Heads

APRIL 26, 2023

Since I graduated, I’ve always worked in procurement and supply chain across both indirect and direct categories, across different geographies and also worked as a Consultant delivering transformational projects. We strive to be a data-driven team using innovative digital solutions. I find this growth space fascinating.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Procurement Heads

APRIL 26, 2023

Since I graduated, I’ve always worked in procurement and supply chain across both indirect and direct categories, across different geographies and also worked as a Consultant delivering transformational projects. We strive to be a data-driven team using innovative digital solutions. I find this growth space fascinating.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Barkers Procurement

JANUARY 8, 2023

Category management is a long-term, strategic approach to procurement in which certain employees or teams of employees are responsible for procuring specific types of items, such as IT equipment, office supplies or construction materials. Strong supply market knowledge. Cross-functional working.

Category management 52

Category management Management Market knowledge Stakeholder engagement 52

Procurement Heads

DECEMBER 16, 2022

I would tell someone not to think it is just a process, not to just worry about the technical skills, yes, they are important to learn about supply markets and about good practice and contracting, but in the end, it is a people business and with all of that you need to apply it.

Contract 130

Contract Procurement Sustainability Purchasing 130

Procurify

JULY 20, 2022

According to a report by Ardent Partners , 2022 savings targets for procurement teams is almost 19% lower than the last year. Although cost-saving has been a top priority for a long time, new requirements in procurement are surfacing and bringing challenges with them. Written by: Procurify.

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 52

Procurement Leaders

JUNE 13, 2022

In September 2021, the team developed a template to ensure a consistent, objective approach was taken to each of these one-to-one meetings. Supply market constraints – including price rises, haulage issues and capacity shortages. Length of lead times.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply chain Contract Supply 130

Market Dojo

DECEMBER 15, 2017

As a procurement team, you’re expected to deliver savings. In our many years in the procurement industry, we’ve seen several approaches to this. Some procurement leaders devolve the task to the individual team members, a sensible move given they usually have knowledge of the intricate details.

Influencing 52

Influencing Raw materials Negotiation Contract 52

Barkers Procurement

JUNE 8, 2023

This means the different departments, business units and, if any, plants, and could include e-procurement systems, general ledgers, purchasing cards and accounts payable. Data can become easily siloed, so don’t just rely on your purchasing team or procurement team.

Procurement 52

Procurement Data Suppliers Purchasing 52

Una

JUNE 8, 2023

The fact is that procurement teams can only do so much. We need to focus on those that are critical for maintaining a reliable supply chain, optimizing costs, driving innovation, improving efficiency , and supporting strategic objectives. Top left] Leverage items: These items have a high profit impact and a low supply risk.

Suppliers 52

Suppliers Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 52

Planergy

AUGUST 16, 2022

Plan and Execute Improvement Activities All successful supplier development programs work by systematically going through the supply base to plan and execute improvement activities. Evaluate Your Supplier Base First, look at the number of suppliers your procurement teams rely on every day. Is there room to remove dead weight?

Suppliers 52

Suppliers Management supply chain budgeting Supplier relationship management 52

Claritum

MARCH 10, 2020

The first two articles covering Bespoke Procurement and Project-based procurement. Category procurement is perhaps the most common break down for Procurement teams and certainly is the most focused on in terms of written articles. 6 The Inherent Challenges of Category-based Procurement. Sustainability.

Procurement 41

Procurement Supply Chain Efficiency Purchasing Category management 41

Jaggaer

JULY 23, 2019

This is not easy given the current volatility in supply markets. Procurement teams know that their brands are now in the spotlight. They need to contend with a great deal of risk from volatility in the currency and commodity markets, to geopolitical unrest and the adherence to ethical standards within the supply chain.

Suppliers 40

Suppliers Sourcing Management Supply Chain Efficiency 40

Claritum

MARCH 10, 2020

The first two articles covering Bespoke Procurement and Project-based procurement. Category procurement is perhaps the most common break down for. Procurement teams and certainly is the most focused on in terms of. The Inherent Challenges of Category-based Procurement. This is the third article in a series.

Procurement 32

Procurement Supply Chain Efficiency Category management Purchasing 32

TYA Suite

NOVEMBER 25, 2024

The second stage in the strategic sourcing process emphasizes the importance of conducting detailed supply market research. This involves analyzing current market conditions, exploring trends, and identifying potential suppliers.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 40

Spend Matters

AUGUST 10, 2023

Historically, a lack of dedicated tools and/or a concentrated focus of investments on strategic spend categories have deterred procurement teams from developing effective solutions to manage the tail. The result is increased productivity and tangible business outcomes that highlight procurement’s strategic value to the business.

Spend management 98

Spend management Management e2e Vendor management 98