World of Procurement blog

APRIL 24, 2024

In the dynamic and ever-evolving world of procurement and supply chain management, staying at the forefront of professional development is not just advantageous – it’s imperative. This credential is a testament to one's expertise in finance, supplier relationship management, and organizational global strategy.

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Procurement Supply chain management Supply chain management Supply Chain Optimization 52

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation. Automation increases efficiency and reduces errors, leading to faster and more accurate procurement cycles.

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Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Arkestro

APRIL 2, 2024

Resources / Analyst Reports / Procurement 2024: BIG Trends and Predictions Procurement 2024: BIG Trends and Predictions Download Now Let's Talk By the end of 2024, new AI innovations will begin to significantly change all facets of supply management technology. But in 2024, the role has never been more important.

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Chief Procurement Officer Procurement Procurement team Buyers 52

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

NLPA (Next Level Purchasing Association)

AUGUST 23, 2022

Annual strategy reviews are critical to strategic, tactical, and operational management. A Procurement strategy is a game plan or action plan by which a Procurement Function Mandate is implemented. Moreover, a procurement strategy provides teams with methods and best practices supportive of the company’s primary concerns.

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Procurement strategies Strategy Procurement Supply Chain Efficiency 52

Supply Chain Game Changer

JUNE 10, 2021

Subscribe to Supply Chain Game Changer. The Disintermediation of the Supply Chain! Integrated Supply Chain Management article and permission to publish here provided by Tyrone Fisher. Most businesses are aware how important a supply chain is to operations. GET our EBOOK HERE.

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Supply chain management Supply chain management supply chain software solutions Supply Chain Efficiency 73

Barkers Procurement

MARCH 3, 2022

Ethical procurement policies provide clear guidance for sourcing supplies and establishing internal and external relationships essential for daily operations and long-term growth. What is ethical procurement? Guided by these principles, companies proactively eliminate unethical practices throughout the supply chain.

Ethics 52

Ethics Supply Chain Efficiency Procurement Purchasing 52

NLPA (Next Level Purchasing Association)

MARCH 16, 2023

Spend Management is a critical function within an organization, and it involves the strategic management of the company’s spending to reduce costs, improve efficiency, and enhance profitability. We should also consider the environmental and social impact of our procurement decisions.

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Spend management Management Procurement supply chain budgeting 98

Arkestro

JANUARY 23, 2024

Resources / Blog / What does a Procurement Manager do? Job Description, Skills, and Qualifications What does a Procurement Manager do? Job Description, Skills, and Qualifications As firms continue to leverage technology to carry out sourcing and procurement tasks, market demand for procurement is growing.

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supply chain budgeting Management Supply Chain Optimization Procurement 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.

Procurement 101

Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 101

ivalua

MARCH 17, 2021

To reduce inefficiencies and fraud, grant activities are governed by several regulations including these two relatively recently enacted laws: The Digital Accountability and Transparency Act of 2014 (DATA Act) – This law expands on federal awards reporting reforms that began with the Federal Funding Accountability and Transparency Act of 2006.

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Supply Chain Efficiency supply chain budgeting Management Budget 130

ivalua

SEPTEMBER 22, 2022

What’s your Greatest Supply Management Challenge Today? In May 2022, Ivalua commissioned Forrester to survey over 400 procurement leaders across the globe to ask how they plan to minimize the frequency and impact of supply disruptions. Map Your Sub-tier Supply Chain. Build a Solid Data Foundation.

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NLPA (Next Level Purchasing Association)

SEPTEMBER 21, 2023

In the relentless ebb and flow of the business world, one undeniable truth emerges with crystal clarity: the power of procurement skills isn’t just a valuable asset; it’s the lifeline of a resilient and thriving business, and the clock is ticking. So, how can your company future-proof itself against these challenges?

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Procurement Supply Chain Optimization Supply Chain Efficiency Supply chain management 52

Supply Chain Game Changer

OCTOBER 10, 2022

Subscribe to Supply Chain Game Changer. Supply Chain Education and Certification – What’s Missing? The supply chain and logistics fields are among the fastest growing career fields. Subscribe Here! Email Address. Explore Jobs Within the Niche.

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supply chain software solutions Supply Chain Efficiency Supply chain Supply 96

Empowering CPO

JUNE 14, 2023

Brief Overview of Procurement Welcome to our deep dive into the world of procurement. But before we venture into the depths of innovation in this field, let’s first establish what procurement really is. This is especially true in procurement, where the landscape is rapidly evolving. Understanding Procurement A.

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Innovation Procurement Supply Chain Efficiency Sustainability 52

Zycus Cognitive Procurement

JULY 25, 2022

Over the past two years, we’ve seen how supply chains are constantly changing and facing uncertainties. CPOs and procurement leaders everywhere are trying to identify ways to be agile to handle future uncertainties. . A significant amount of change has taken place in the procurement function over the past few years.

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supply chain budgeting Procurement Agile and Lean Supply Chain Management 52

Una

APRIL 18, 2023

Mark is an experienced procurement leader with a broad area of focus including sourcing, supply management, contracts management, supplier relationship management, risk management, and inventory management. Yes – as long as the risks are “intelligent risks.”

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Risk Supplier relationship management Contract management Supply Chain Efficiency 133

Arkestro

MAY 9, 2023

Resources / Blog / What CPOs Need to Know About Predictive Procurement Orchestration What CPOs Need to Know About Predictive Procurement Orchestration The vast majority of Chief Procurement Officers (CPOs) believe in the power of procurement data to make better-informed decisions across their organization.

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supply chain budgeting Procurement Supply Chain Optimization Procurement team 52

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

procurement is a critical business function that requires a unique set of skills and expertise. To succeed in this field, procurement professionals must possess a variety of competencies, ranging from negotiation and supplier management to risk assessment and financial analysis.

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Barkers Procurement

MAY 16, 2023

IPSERA is the International Purchasing and Supply Education and Research Association that brings over 300 academics from across the world to discuss the latest knowledge and insights on procurement and supply chain thinking.

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Supply Chain Game Changer

MARCH 28, 2020

Subscribe to Supply Chain Game Changer. The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. But there is a profoundly significant Procurement value chain. Procurement is strategic! Now is the time for Procurement to SELL!

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Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 71

Finale Inventory

JULY 29, 2024

Understanding the Importance of Proper Medical Supply Storage Medical supply storage plays a key role in ensuring patient safety, preventing product contamination, and maximizing inventory efficiency. Some advanced storage solutions incorporate RFID technology for efficient tracking and management of medical supplies.

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Inventory Supply Chain Optimization Real-time Visibility supply chain software solutions 52

Jaggaer

APRIL 14, 2020

Can the complex global supply network survive the COVID-19 pandemic? Define your procurement response strategy. This is perhaps an extreme example, but it highlights how COVID-19 is causing severe disruptions to supply chains. Coronavirus will lead to permanent changes in global supply chains.”.

supply chain budgeting 52

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

Supply Chain Game Changer

NOVEMBER 13, 2018

Check out What Exactly Is Procurement? There has been transformation in the Procurement function over the past decade. A Paradigm Shift in the Procurement Function. The Evolution of Procurement’s Value Proposition. Are we witnessing the dawn of a big shift in the way strategic procurement is done? Subscribe Here!

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Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

Procurement Insights

AUGUST 13, 2024

TealBook – In summary, Tealbook can be a valuable tool for organizations during a rail strike by providing them with the data, insights, and supplier intelligence needed to maintain supply chain continuity, reduce risks, and make informed, strategic decisions. Here’s how the strike could impact LCBO: 1.

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Supply Chain Optimization Supply Chain Efficiency Supply chain Suppliers 52

Supply Chain Game Changer

APRIL 23, 2019

Subscribe to Supply Chain Game Changer. The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. Procurement is strategic! Now is the time for Procurement to SELL! As discussed in our article What is Procurement’s Place in the Value Chain?

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Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 50

NLPA (Next Level Purchasing Association)

JULY 20, 2023

To new members of a Procurement & Purchasing team, it’s important to understand the role of managing spend and its impact on organizational success. At its core, managing spend refers to the process of strategically controlling and optimizing the financial resources allocated for procurement and purchasing activities.

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Management supply chain budgeting supply chain software solutions Spend management 40

Supply Chain Game Changer

MARCH 6, 2019

Subscribe to Supply Chain Game Changer. 7 KPIs Your Procurement Team May Be Ignoring! Procurement is a business function that has undergone a lot of change in the last few years. As a believer in the power of procurement, this recognition makes me happy. Subscribe Here! Email Address. Responsible Sourcing.

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Procurement Procurement team Supply Chain Efficiency Innovation 50

Jaggaer

FEBRUARY 18, 2020

The recent disruptions to supply chains caused by the coronavirus epidemic in China have given supply managers the world over pause for thought. Now more than ever, businesses must improve the efficiency of their supply chains not only to maintain a competitive advantage but also to reduce risk.

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Suppliers Agile and Lean Supply Chain Supply Chain Efficiency Supplier relationship management 103

Positive Purchasing

DECEMBER 6, 2022

Supply chain sustainability Make no mistake, sustainability in the supply chain is a real challenge, especially where operations are geographically and contractually distant and employment practices, attitudes, and legislation differ. These lower tiers of the supply base often contain the biggest risk.

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Sustainability Supply Chain Efficiency Supplier relationship management Innovation 52

Supply Chain Game Changer

NOVEMBER 26, 2020

Subscribe to Supply Chain Game Changer. Freight costs and budget adherence are among the most important and often overlooked aspects of transportation management. For example, according to Global Trade Magazine , “One critical factor that executives should monitor closely is logistics management. Subscribe Here!

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supply chain budgeting Budget Supply Chain Efficiency Logistics 60

Procurement Templates

APRIL 10, 2022

The outsourcing trend and the growing importance of supply chains are affecting working conditions, as well as the health and safety of suppliers and contractors, all of which need to be consolidated and addressed in weekly or monthly meetings. any initial supply chain.

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Purchasing Supply Chain Optimization Supply Chain Efficiency Supply chain 130

Spend Matters

AUGUST 15, 2024

. “Never waste a good crisis” is a phrase worth pondering in the realm of digital transformation for supply chains. Historically, major companies neglected supply chain transformation and digital investments until global disruptions, such as the Covid pandemic, forced a change. 22, at 10:00 AM PST.

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supply chain software solutions Agile and Lean Supply Chain Supply Chain Efficiency Supply chain 95

Procurement Heads

JANUARY 4, 2023

For Procurement Heads ‘ latest Big Interview, Rebecca spoke to Will Cooke about her career, SRM and sustainable procurement. How did you get into procurement? I got into procurement through a graduate procurement programme at British Airways in 1997. I completed my MCIPS there and then moved into consulting.

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Supply Chain Efficiency Agile and Lean Supply Chain Sustainability Suppliers 246

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. Introduction A. Some of the key benefits include: 1.

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Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

SCMDOJO

SEPTEMBER 23, 2024

In today’s interconnected world, humanitarian supply chains play a vital role in responding to crises and ensuring that aid reaches those in need. By understanding the humanitarian supply chain, you can contribute to the efforts of organizations working to alleviate suffering and build resilience in crisis-affected regions.

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Supply Chain Efficiency Supply Chain Optimization Supply chain Supply 52

Supply Chain Game Changer

NOVEMBER 11, 2018

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. It’s no secret that transparency is the name of the game in today’s world-class Supply Chains. It’s transparent, which makes it valuable for audits.

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