Procurement Templates

SEPTEMBER 14, 2023

In an era marked by growing environmental concerns and the urgent need for sustainable practices, procurement has emerged as a pivotal player in fostering sustainability within organizations. Procurement, often considered the gateway between an organization and its suppliers, plays a central role in this transformation.

Sustainability 130

Sustainability Supply Chain Efficiency Procurement Ethics 130

Procurement Insights

MARCH 21, 2025

ROI Benchmarks: McKinsey (2023) cites 5-10x ROI in 5 years for procurement tech, scaling to 7-8x over 10 yearsmatching ~7,849%. Here are the blended results: ROI Summary Across All Industries Year Savings ($M) Cost ($M) Annual ROI (%) Cumulative ROI (%) 1 (2025) $75 $3 2,400% 2,400% 2 (2026) $75 $0.75 9,900% 3,900% 3 (2027) $74 $0.75

Stakeholder engagement 52

Stakeholder engagement Change management Logistics Procurement 52

Procurement Tactics

SEPTEMBER 14, 2022

33 Procurement Interview Questions in 2022. My name is Marijn Overvest, I'm the founder of Procurement Tactics. Stakeholders engagement. Engaging with stakeholders allows you to identify relevant areas within your company that can generate positive and negative outcomes. . First Name. ENROLL NOW. LEARN MORE.

Sustainability 178

Sustainability Logistics Raw materials Supply Chain Efficiency 178

The Good Spending

AUGUST 23, 2022

Procurement value demystified Unfortunately, "procurement value" became another buzzword – everyone tells us to generate, capture, and sustain it. Value is paramount to procurement evolution. The following pyramid of procurement evolution puts the value proposition at the chart's top.

Procurement 98

Procurement supply chain budgeting Supply Chain Optimization Budget 98

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

Procurement Heads

APRIL 27, 2023

Andrew’s career started in supply chain and M&A roles in Unipart Group, before moving to Royal Mail where he was part of the procurement leadership team that transformed the function, achieving CIPS Gold accreditation in the process. Collaboration and stakeholder engagement are much-used terms within procurement teams.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply chain Stakeholder engagement 130

Procurement Heads

APRIL 27, 2023

Andrew’s career started in supply chain and M&A roles in Unipart Group, before moving to Royal Mail where he was part of the procurement leadership team that transformed the function, achieving CIPS Gold accreditation in the process. Collaboration and stakeholder engagement are much-used terms within procurement teams.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply chain Stakeholder engagement 130

Future Purchasing

NOVEMBER 18, 2021

What is Procurement Business Partnering? Business partnering has become a popular way for procurement teams to improve their engagement with their internal stakeholders through developing a deeper understanding of their business needs. What are the critical components of being a successful business partner?

Stakeholder engagement 52

Stakeholder engagement Procurement Procurement team Influencing 52

Procurement Heads

DECEMBER 5, 2022

Ben Stickland spoke with Dan Churton, Commercial & Transformation Director at Orbit to hear more about the organisation’s heritage, culture and the important role the Head of Procurement that Procurement Heads is recruiting will play in enabling Orbit to achieve its strategic goals. . What is your mandate at Orbit?

Contract management 130

Contract management Contract Stakeholder engagement Procurement 130

Procurement Templates

MARCH 3, 2024

Check out my other page on s trategic sourcing A procurement assessment of needs is a systematic evaluation conducted by organizations to determine their requirements for goods, services, or works. This assessment aims to identify what the organization needs to procure to fulfill its objectives effectively and efficiently.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

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

The Good Spending

MAY 13, 2024

NHS soon announced that the procurement process for the program would be structured to attract global IT players. Procurement learnings Unrealistic deadlines? How did procurement award contracts to at least two suppliers who relied on iSoft without a working platform? Was there any SRM or stakeholder engagement?

Procurement 64

Procurement Contract Stakeholder engagement Negotiation 64

Procurement Software

SEPTEMBER 24, 2024

As procurement automation and the increased hype around artificial intelligence (AI) technologies continues to evolve, the big question for procurement professionals is: how much of our processes can realistically be automated? The prospect of fully automated procurement is enticing. appeared first on Procurement Software.

Procurement 52

Procurement Supplier relationship management Bidding Contract 52

Skill Dynamics

SEPTEMBER 22, 2022

In today’s competitive talent landscape, organizations across sectors struggle to attract the procurement talent they need. According to CIPS Salary Guide , UK procurement salaries grew 4.9% Get your procurement function ready. Create a procurement function with ‘pull’.

Procurement 52

Procurement Stakeholder engagement Negotiation Contract 52

ivalua

DECEMBER 6, 2022

Author: Hubert Verweij , Head of Procurement Transformation, Capgemini Invent Sweden and Finland. Nowadays, Procurement practitioners primarily talk about emerging topics like the reduction of scope 3 emissions, supplier-enabled innovation and supply risk management. Procurement as end-to-end process owner .

e2e 130

e2e Suppliers Procurement Contract 130

Una

OCTOBER 26, 2023

What Skills Does an ESG Procurement Manager Need? Organizations are feeling the need to fill highly-skilled ESG procurement manager roles to meet consumer demand for sustainable goods. Why is demand for ESG procurement managers growing? What makes the role of ESG Procurement Manager so attractive?

Management 52

Management Procurement Supply Chain Efficiency Stakeholder engagement 52

Procurement Insights

MARCH 2, 2024

While confirming what I have been saying about the commoditization of technology – including provider solutions in the procurement industry, I must admit I was floored by several revelations. A Procurement Perspective In the procurement world, what are the most discussed topics when it comes to technology?

Budget 81

Budget Stakeholder engagement Project management Sourcing 81

Procurement Heads

APRIL 5, 2023

How did you get into procurement? So, they had created this whole business case, and they started talking about what was possible from a procurement perspective but had missed the whole point about stakeholder engagement and business requirements going forward. I sometimes wonder actually, how did I end up here?

Procurement 130

Procurement Agile and Lean Supply Chain Supply Chain Efficiency Collaboration 130

Procurement Heads

APRIL 5, 2023

How did you get into procurement? So, they had created this whole business case, and they started talking about what was possible from a procurement perspective but had missed the whole point about stakeholder engagement and business requirements going forward. I sometimes wonder actually, how did I end up here?

Procurement 130

Procurement Agile and Lean Supply Chain Supply Chain Efficiency Collaboration 130

Barkers Procurement

MARCH 8, 2022

Procurement leadership. What does this mean to you and what are the qualities and attributes of a strong procurement leader? Just how easy is it to demonstrate procurement leadership within public sector procurement projects ? In productive and efficient procurement departments, robust processes should be a given.

Leadership 52

Leadership Procurement Contract Stakeholder engagement 52

Spend Matters

OCTOBER 4, 2024

Zip also hosted panels, Q&A sessions and more with various procurement and finance leaders from Prudential, Pixar, Arm, Coinbase and others. The changes come in conjunction with Zip’s expansion in broader procurement orchestration and into native source-to-pay capabilities, complementing its foundational intake management focus.

Sustainability 112

Sustainability Spend management Real-time Visibility Supply Chain Optimization 112

Spend Matters

JULY 24, 2023

The 10 th edition of the Deloitte Global CPO Survey , which analyzes the responses of about 350 senior Procurement leaders from more than 40 countries, has been released and is available for download. Perhaps most worrying,” it states, “is that technology funding (measured as a percentage of total procurement budget) dropped from 13.2%

supply chain budgeting 98

supply chain budgeting Budget Agile and Lean Supply Chain Risk 98

Barkers Procurement

JANUARY 4, 2023

ECFRS were undergoing a procurement transformation being led by Barkers. Due to the level of short-term procurement resource available internally, ECFRS requested support for the ICT category from Barkers. Ongoing projects, which were at differing milestones, needed procurement support and included; A new Workforce Management System

Procurement 52

Procurement Category management Project management Stakeholder engagement 52

Procurement Templates

FEBRUARY 19, 2024

Methodology and approach to organization design, including stakeholder engagement and change management. References from previous clients attesting to the consultancy firm’s track record of successful engagements. Understanding of [your organization]’s industry, challenges, and strategic objectives.

Budget 130

Budget Change management Stakeholder engagement Collaboration 130

Procurify

MAY 24, 2022

If it sounds familiar, you’d agree that manual procurement is very tedious and time-consuming. This explains why more organizations are adopting an e-procurement strategy. You need to create an e-procurement strategy that will guide your business procurement and supply processes.

Procurement strategies 52

Procurement strategies Strategy Procurement Cost of ownership 52

World of Procurement blog

MAY 8, 2024

What is Procurement? Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. Scope : Procurement spans the entire process from identifying requirements to contract closure. Stakeholders : Procurement involves multiple internal stakeholders across the organization.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Spend Matters

DECEMBER 13, 2023

Along with generative AI, the intake management market has been this year’s primary discussion among procurement practitioners and software providers. Indeed, a market that did not really exist just a few years ago is now the fastest-growing segment in procurement tech.

Management 103

Management Stakeholder engagement Purchasing Sourcing 103

Una

OCTOBER 31, 2023

Change Management Tips for Procurement Professionals Practical change management tips for overcoming resistance from stakeholders and getting your procurement changes to stick for good. Unfortunately, implementing changes in procurement can be a bit like that. No matter the situation, it can be hard.

Change management 52

Change management Management Procurement Leadership 52

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. Stakeholder engagement. Do you need procurement advice and support?

Category management 52

Category management Management Market knowledge Stakeholder engagement 52

Empowering CPO

MAY 4, 2023

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. Advantages of digital procurement systems The digital transformation of procurement processes offers numerous advantages to businesses.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Una

JANUARY 9, 2023

Tail spend refers to an organization’s high-volume, low-value transactions that are typically unmanaged by the procurement team. Some procurement departments use the 80/20 Pareto principle to focus on the large (80 percent) clients and contracts where supposedly greater savings can be realized, choosing to ignore the smaller 20 percent.

Management 97

Management Spend management Purchasing Procurement team 97

Procurement Software

JANUARY 24, 2023

This is a conference that really celebrates innovation and everything that is at the cutting edge of procurement. Most of the presentations and panel discussions feature success stories of how an enterprise company has implemented a best-of-breed procurement tech solution. No stale stories from the dinosaur legacy brands here.

Procurement 52

Procurement Quality Procurement team Stakeholder engagement 52

TYA Suite

JULY 17, 2024

Procurement strategy is the cornerstone for sustained growth when negotiating the complexity of today's corporate environments. Traditionally, procurement strategy entails meticulous planning to procure goods and services efficiently, aligning with organizational goals. Embracing technology is paramount in modern procurement.

Procurement strategies 40

Procurement strategies Strategy Supply Chain Efficiency Procurement 40

Future Purchasing

OCTOBER 4, 2022

Too often Procurement works in isolation when deciding what category projects to work on. We all know that without the right level of stakeholder support many of these projects simply will not be implemented. Procurement teams clearly appreciate why strategic alignment planning activity is such an important activity.

Category management 52

Category management Collaboration Real-time Visibility Management 52

Procurement Software

APRIL 9, 2024

Let’s put together a team that represents the future of procurement. Join me on this fictitious journey of transforming an existing procurement organisation into one that will still be relevant in 2030. We’ve got automation, digitisation and AI in procurement pushing boundaries. What would my dream team look like?

Category management 40

Category management Procurement supply chain budgeting Budget 40

The Procuretech Podcast

AUGUST 6, 2024

This episode of The Procurement Software Podcast delves into the impact of technology and AI on category manager roles in procurement. Host James Meads explores how advancements in tech can potentially change the landscape of procurement and discusses specific areas like spend analytics that can benefit from AI applications.

Category management 40

Category management Management Stakeholder engagement Contract management 40

Barkers Procurement

JUNE 14, 2023

Driving Successful Initiatives: A Guide to Achieving Stakeholder Buy-In – In a perfect world, stakeholders would get straight onboard with every procurement project or initiative you propose. Unfortunately, procurement isn’t as easy as that. Are you finding stakeholders in your project difficult to convince?

Risk management 52

Risk management Stakeholder engagement Risk Procurement 52