Procurement Insights

JANUARY 3, 2025

It made me wonder if and how the C-Suite view of procurement has evolved over the past 14 years. Starting with the CFO, then the CIO, CEO, and The Board, here is the outline of changes in how top executives view procurement going forward in 2025. Analytics and insights from procurement data were minimal.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

Procurement Tactics

JUNE 28, 2023

Negotiation Course Learn from industry experts who negotiated billion $ deals 2. Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. What is Procurement Tracking?

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

SCMDOJO

MARCH 19, 2024

In today’s fast-paced business landscape, having an efficient supply chain department is more important than ever. A streamlined supply chain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth.

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Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 98

SCMDOJO

APRIL 29, 2024

Are you interested in understanding how businesses effectively manage their supply chains? Look no further – this guide is here to help you grasp the fundamentals of supply chain management (SCM) and how it can lead to success. It encompasses activities such as procurement, supplier selection, and evaluation.

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Supply chain management Supply chain management Agile and Lean Supply Chain supply chain budgeting 98

SCMDOJO

FEBRUARY 26, 2025

Introduction As global supply chains evolve, ensuring cost efficiency is crucial. One way to assess the cost performance of any function within the supply chain is through Cost Performance Index (CPI). Below are some key areas where CPI can improve supply chain efficiency: 1. A CPI of 0.83

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supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Raw materials 52

Procurement Insights

MARCH 16, 2025

Despite my 40-plus years in high-tech and procurement, I am always curious, so I value the insights I gain from the people in my extended community. How does a procurement professional use or interact with Model Context Protocol, and what improved outcomes does it achieve?

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Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

ivalua

OCTOBER 8, 2021

During the pandemic, Procurement flexed its muscle, helping to mitigate supply chain disruptions and enable new channels for engaging with customers and fulfilling orders. Here are four ways leading Procurement organizations can influence retail recovery in 2021 and beyond: 1. Decentralize Procurement.

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Procurement Supply Chain Optimization Procurement team Purchasing 130

SCMDOJO

APRIL 20, 2023

If you’re eyeing a role as a Procurement Manager (or are looking to hire one), you’re in the right place! As a procurement Manager, you’ll play a crucial role in overseeing the purchasing and procurement process for a company or organization, making sure they get the best bang for their buck.

Management 116

Management Procurement Contract management Supply Chain Optimization 116

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

Supply Chain Efficiency 21

Supply Chain Efficiency Purchase orders Procurement Bidding 21

SCMDOJO

JANUARY 17, 2024

Managing the supply chain involves the delicate art of aligning your product supply precisely with customer demand. That is to say, there isn’t one single career in supply chain management. That is to say, there isn’t one single career in supply chain management. Planners do exactly that.

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Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 98

Procurement Insights

DECEMBER 6, 2024

ProPurchaser ** ProPurchaser** operates in the procurement intelligence and cost management sector, providing tools and data to assist supply chain professionals in negotiations. COMPETITORS 1. Subsequently, in February 2022, Dairy.com, Ever.Ag, and EFC Systems merged to form a unified entity under the Ever.Ag

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions supply chain budgeting Supply Chain Optimization 52

SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference.

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Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 105

SCMDOJO

DECEMBER 14, 2023

Limited Scope: Offers a more focused and individualized approach to the procurement process. Diverse Expertise: Leverages collective knowledge and resources for a more comprehensive and streamlined procurement process. Streamlining Logistics: Coordinating the logistics of procuring goods internationally involves a multitude of tasks.

Sourcing 104

Sourcing Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 104

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.

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Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Jaggaer

FEBRUARY 5, 2025

Secondly come eProcurement, Supply Chain Collaboration, Invoicing, and Payments. These four steps constitute the downstream procure-to-pay part of the process. Optimizing source-to-paythrough digital transformation streamlines every stage of your procurement strategy, improving visibility, efficiency, and collaboration.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

Una

JUNE 1, 2023

6 Reasons to Choose a Career in Procurement Six reasons why a career in procurement is a great professional choice and how it can provide you with a fulfilling and rewarding future. Look no further than procurement! Procurement professionals play a vital role in shaping the success of organizations.

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Procurement supply chain budgeting Sustainability Negotiation 98

SCMDOJO

OCTOBER 7, 2024

The Global Supply Chain is thriving with each passing day. However, the game-changer is how Cost Efficiency and Cost Effectiveness play their role in the supply chain. Every business focuses on solutions that enhance profitability with cost optimization. What is Cost Efficiency?

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Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 92

Spend Matters

MARCH 27, 2024

In fact, more than 80% of CPOs, it states, indicated that digital transformation is a top priority, with a specific focus on GenAI, because “… AI tools can help procurement professionals identify trends and patterns that are otherwise impossible to tease out, thereby enabling more informed decisions from supplier selection to contract negotiation.”

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Procurement Negotiation Supply Chain Efficiency Supply Chain Optimization 112

Procurement Templates

APRIL 15, 2024

They would ask various procurement managers for advice but often got a different response depending on who they ask. For context the stakeholder is asking for procurement advice set within the rules for public sector buying and a UK regulatory framework.

Influencing 130

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World of Procurement blog

APRIL 23, 2024

Welcome to the fascinating world of supply chain management (SCM)! What Is a Supply Chain? At its most basic, a supply chain is a system consisting of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer. What Is a Supplier?

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

World of Procurement blog

APRIL 23, 2024

Welcome to the fascinating world of supply chain management (SCM)! What Is a Supply Chain? At its most basic, a supply chain is a system consisting of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer. What Is a Supplier?

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

Una

MARCH 6, 2023

9 Innovative Purchasing Concepts for Procurement Implement various innovative purchasing concepts to ditch the old-school way of doing things and bring your procurement function up to speed. The "old-school" way of structuring a procurement function has stood the test of time.

Purchasing 98

Purchasing Innovation Agile and Lean Supply Chain Supplier relationship management 98

ivalua

MARCH 9, 2023

It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. The last phase of the process, also known as Procure-to-Pay includes the ordering of goods/services, receiving of these, invoicing and payment to suppliers.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

Una

NOVEMBER 1, 2022

For decades, procurement professionals saw as much daylight as the basement-dwelling character Milton Waddams in Office Space. These “back-office” workers were seen primarily as clerical support, entering and tracking purchase orders and researching suppliers. By Eric Edwards | November 1, 2022. Strategic sourcing is similar.

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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?

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Procurement strategies Strategy Procurement Agile and Lean Supply Chain 65

Una

APRIL 13, 2023

Pain Points in Procurement Series Moving Supplier Relationships from Transactional to Strategic Tips for shifting your supplier relationships from transactional to strategic in an effort produce more cost-saving ideas and value. By Hugo Britt | April 13, 2023 Search Welcome to Una’s Pain Points in Procurement series.

Suppliers 98

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

Supply Chain Game Changer

NOVEMBER 24, 2018

Check out What Exactly Is Supply Chain Management? For his entire career my Father worked in the field of Procurement. But the job titles that he had during his career alternatively included either the word Procurement or the word Purchasing. But was that Procurement or was it Purchasing? Procurement.

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Purchasing Procurement Purchase orders Supply Chain Optimization 62

Arkestro

OCTOBER 10, 2023

Resources / Blog / AI Revolution in Oil and Gas Procurement: Streamlining Operations for Success AI Revolution in Oil and Gas Procurement: Streamlining Operations for Success The COVID-19 pandemic forced countless industries to become more lean, agile, and innovative, and the oil and gas industry was no exception to the trend.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 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. It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Arkestro

NOVEMBER 5, 2024

Resources / Blog / What a Shifting CFO’s Focus Means for Procurement What a Shifting CFO’s Focus Means for Procurement For CFOs in procurement, the pressure is on. Keeping Costs Low Amid Market Volatility The top priority for finance executives was cost management and optimization, according to The Hackett Group’s findings.

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Procurement supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 52

Pipefy

FEBRUARY 13, 2023

While often used interchangeably, procurement and acquisition are two distinct resource strategies that fulfill two different needs with the help of various processes. Build better workflows with the Definitive Guide to Workflow Management Download now What is procurement? Is acquisition part of procurement? In a word, yes!

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Spend Matters

DECEMBER 28, 2023

Procurement is entering an exciting new era of embedded intelligence. Technologies such as generative artificial intelligence (AI) and machine learning make possible what was only dreamt of in years past — intelligent automation, predictive procurement and exponential data processing.

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Arkestro

MARCH 27, 2024

Resources / Blog / Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Buyers have always played an important role in the procurement industry, helping organizations obtain goods and maintain a careful balance of speed, cost-efficiency, and quality.

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Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

Empowering CPO

JULY 17, 2023

Introduction The pivotal role of procurement in businesses cannot be overstated. From sourcing raw materials to securing high-quality services, procurement directly influences a company’s efficiency, productivity, and financial performance.

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Procurement Supply Chain Optimization Supply Chain Efficiency Raw materials 52

Empowering CPO

JULY 5, 2023

Introduction Welcome to our exploration of a fascinating convergence shaping the future of business operations: the intersection of technology and managed procurement services. Before we dive in, let’s first set the stage by discussing EmpoweringCPO, a leader in the field of managed procurement services.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Real-time Visibility 52

Empowering CPO

JULY 17, 2023

Introduction In an ever-evolving business environment, successful procurement operations are key to keeping organizations efficient, competitive, and profitable. But what happens when businesses lack the resources, expertise, or time to manage procurement effectively? This is where managed procurement services come into play.

Management 52

Management Procurement Vendor relationships Supply Chain Efficiency 52

Una

JUNE 1, 2023

6 Reasons to Choose a Career in Procurement Six reasons why a career in procurement is a great professional choice and how it can provide you with a fulfilling and rewarding future. Look no further than procurement! Procurement professionals play a vital role in shaping the success of organizations.

Procurement 52

Procurement supply chain budgeting Sustainability Negotiation 52