Procurement Tactics

MAY 24, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Vendor Scorecards — Everything You Should Know Vendor scorecards simplify vendor management and are an important factor in monitoring supplier performance. However, what is it?

Supply Chain Efficiency 186

Supply Chain Efficiency Vendor management Negotiation Quality 186

Supply Chain Game Changer

NOVEMBER 16, 2022

Subscribe to Supply Chain Game Changer. Why Procurement Transformation Can Fail! The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. The importance of digital procurement is increasing rapidly. Benefits of Procurement Automation.

Supply Chain Efficiency 19

Supply Chain Efficiency Procurement Real-time Visibility Supply Chain Optimization 19

ivalua

APRIL 27, 2023

CTA April 28, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. A recent webinar hosted by Supply Chain Now, “Balancing Cost, Risk and Sustainability in the Midst of Uncertainty, ” took an in-depth look on what it takes to transform Procurement into a highly efficient function that supports these key initiatives.

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Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Sustainability 130

ivalua

APRIL 27, 2023

Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. Tanya Roach, FCL’s Director of Procurement, shared her experience with transforming their organization during the 2020 pandemic.

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Sustainability Risk Supply Chain Efficiency Agile and Lean Supply Chain 130

Pipefy

JANUARY 11, 2023

Vendor relationships are complex. Building solid partnerships with different vendors requires flexibility, coordination, and clear communication. Below, we take an in-depth look at managing vendor relationships and the tools, systems, and strategies needed to successfully build a network of reliable and trusted vendors. .

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Vendor relationships Management Procurement team Vendor management 59

Supply Chain Game Changer

MARCH 9, 2022

Subscribe to Supply Chain Game Changer. Featuring Our 12 Best Procurement Articles! Procurement operations are the backbone of every company’s supply chain. Fundamental to procurement is the acquisition of goods and services from a party that’s further up the supply chain.

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Procurement Supply Chain Efficiency Supply Chain Optimization supply chain budgeting 108

Supply Chain Game Changer

OCTOBER 11, 2022

Subscribe to Supply Chain Game Changer. How to Invest to Make Your Supply Chain More Efficient! Supply chains are central to optimal eCommerce results. The supply chain includes everything from ordering raw materials from suppliers to ensuring products are delivered to consumers in the best condition.

Supply Chain Optimization 81

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 81

ProcurePort

OCTOBER 25, 2023

• Vendor management is essential for cost efficiency, quality assurance, risk mitigation, and fostering innovation through collaborative relationships with suppliers.

Vendor management 130

Vendor management Management Procurement Quality 130

IBM Supply Chain Blog

FEBRUARY 13, 2024

In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

ivalua

SEPTEMBER 10, 2019

Data is beyond critical to Procurement Operations. It’s everything, and the burden falls on procurement leaders to capture pertinent data to build good teams, track performance and show value. Now with Digital Transformation as a mandate, Procurement officers must also find ways to measure their digital progress.

Vendor relationships 140

Vendor relationships Suppliers Negotiation Data 140

Procurement Tactics

AUGUST 9, 2022

33 Procurement Interview Questions in 2022. Selecting a Vendor — The Ultimate Guide of 2022. Selecting a vendor is not an easy task for each organization. In the field of procurement, the procurement department of each organization has its own way of selecting a vendor. . What is a Vendor? First Name.

Vendor relationships 130

Vendor relationships Quality Price Bidding 130

ivalua

JUNE 10, 2020

The Covid-19 pandemic has exposed the fact that many supply chains remain inadequately prepared for a crisis. Supply chain management and procurement sit poised on the frontlines of managing global supply risks for their brands. Gaining a Full Picture of Supply Chain Threats.

Risk management 147

Risk management Risk Suppliers Management 147

Jaggaer

DECEMBER 13, 2024

What is Procure to Pay (P2P)? Procure-to-Pay commonly known as P2P, encompasses the entire cycle of buying activities from identifying a need for goods or services to completing payment to a supplier. A well-managed P2P process improves operational efficiency, controls costs, and enhances compliance with procurement policies.

Supply Chain Efficiency 52

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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

Jaggaer

DECEMBER 13, 2024

Order-to-Cash vs. Procure -to-Pay: A Comprehensive Overview While Procure-to-Pay (P2P) is widely recognized as a key process in managing organizational spend, its counterpart on the revenue side, Order-to-Cash (O2C), often raises the question s : whats the difference and how does it fit into the bigger picture?

Supply Chain Efficiency 52

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Supply Chain Game Changer

NOVEMBER 22, 2018

Check out What is Virtual Procurement and Why Should You Care? Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? Secondarily, we will include information from other procurement professionals and procurement firms about their experiences, what they forecast, and what they are seeing.

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supply chain budgeting Procurement Supply Chain Efficiency supply chain software solutions 63

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.

Buyers 52

Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

Pipefy

JANUARY 31, 2023

Successful procurement administrators review supplier performance, process change orders, and make price adjustments on a daily basis in order to maintain an intimate knowledge of contract requirements. They also maintain strong business relationships, communicating good advice and procurement authority to suppliers.

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Procurement Bidding Supply Chain Efficiency supply chain software solutions 52

Arkestro

OCTOBER 29, 2023

Resources / Blog / 5 Chilling Challenges Facing Procurement Today 5 Chilling Challenges Facing Procurement Today From uncovering hidden supply chain specters to exorcizing bothersome data demons, procurement managers certainly have their hands full. Read on if you dare. The chilling result?

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Procurement Procurement team Supplier relationship management Supply Chain Optimization 52

Zycus Cognitive Procurement

FEBRUARY 14, 2022

In the world of Procurement, many things can be taken for granted. Becoming complacent with these relationships is all too easy and costly. The first step to building a resilient supply chain is strengthening your relationships with suppliers. The era of the linear, traditional supply chain is long gone.

Suppliers 52

Suppliers Supply Chain Efficiency Supplier relationship management Vendor relationships 52

Empowering CPO

JULY 17, 2023

Introduction In today’s hyper-connected, fast-paced global economy, the procurement landscape is more complex and critical than ever before. Companies, regardless of size and industry, need to source goods and services efficiently, cost-effectively, and with an eye toward sustainability and social responsibility.

Procurement 40

Procurement Supply Chain Efficiency Real-time Visibility Supply Chain Optimization 40

Empowering CPO

JULY 17, 2023

Introduction In today’s hyper-connected, fast-paced global economy, the procurement landscape is more complex and critical than ever before. Companies, regardless of size and industry, need to source goods and services efficiently, cost-effectively, and with an eye towards sustainability and social responsibility.

Procurement 40

Procurement Management Supply Chain Efficiency Real-time Visibility 40

Pipefy

MAY 9, 2023

Definition of procurement KPIs Key performance indicators (KPIs) are measurements of the efficacy of a business department, process, or strategy. Procurement KPIs continually measure the progress of all things related to buying and obtaining goods and services necessary for a business’ operation.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

Empowering CPO

JUNE 20, 2023

It’s no longer just about procuring goods and services at the lowest possible cost, but it also involves nurturing strategic relationships, managing risks, and ensuring performance and quality. Yet, managing vendors can be a challenging endeavor. Thirdly, spend analysis enhances operational efficiency.

Vendor management 40

Vendor management Vendor relationships Management Supply Chain Efficiency 40

Pipefy

JANUARY 5, 2023

Digitalization is no longer the leading edge of procurement innovation — it’s the new industry standard. Businesses of every size and in every industry are using digital procurement to standardize processes, unify systems, and contain costs. Companies that still rely on manual procurement processes are at a competitive disadvantage.

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Pipefy

JANUARY 4, 2023

Procurement is a mission-critical business process. But the inherent complexity of the procurement process means that it’s also prone to inefficiencies, errors, and broken handoffs. That makes procurement automation more important than ever. That makes procurement automation more important than ever. Containing costs.

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Procurement Procurement team Purchase orders e2e 52

Arkestro

NOVEMBER 16, 2023

Resources / Blog / Procurement: The True Hero of the Retail Holidays Procurement: The True Hero of the Retail Holidays It’s the most wonderful time of year! Something we often take for granted as consumers is the Black Friday supply chain practices that occur for each piece of inventory on a retailer’s shelves.

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Procurement supply chain software solutions Supply Chain Efficiency Raw materials 52

Finale Inventory

JULY 29, 2024

A dealer acts as an intermediary within the supply chain, connecting manufacturers or distributors with end customers. Responsibilities of Dealers Dealers handle multiple responsibilities in ecommerce, including efficient product management and customer satisfaction. Defining the Terms: Dealer and Distributor What is a Dealer?

Inventory 52

Inventory Supply Chain Efficiency Vendor relationships Supply Chain Optimization 52

Finale Inventory

SEPTEMBER 24, 2024

These documents serve as the backbone of efficient inventory management, acting as a formal request for goods from a vendor. By initiating a purchase order, businesses establish a structured approach to procurement, ensuring a smooth flow of products into their inventory. The significance of purchase orders cannot be overstated.

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Purchase orders Purchasing Inventory Quantity 52

Jaggaer

JUNE 7, 2019

Category management has a decades-long history that has lead us to our modern understanding of procurement categories. Today, the term has evolved to identify a process for improving efficiency in supply chains, but at its core it is still about grouping items to maximize value. Defining Category Management.

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Category management Management Supply Chain Efficiency Vendor relationships 45

The Procuretech Podcast

SEPTEMBER 22, 2022

Procurement Media through the Years - Jon Hansen from Procurement Insights. This episode, we've got a guest who's been talking about procurement for decades. With a long-standing blog and a podcast that goes all the way back to 2009, it's Jon Hansen of Procurement Insights – the original procurement podcaster.

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Procurement supply chain software solutions Supply Chain Efficiency Buyers 40

Planergy

NOVEMBER 29, 2022

Cons include a lack of contract flexibility, requiring a strict vendor selection process, and more. Weigh the pros and cons against your business goals before developing and executing a vendor consolidation strategy. One way to do this is through supplier consolidation, sometimes referred to as vendor consolidation.

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Planergy

JANUARY 19, 2024

Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. Vendor analysis is crucial for risk management. As a procurement professional, you know the importance of ensuring that all materials and services delivered by vendors meet or exceed your standards for quality and performance.

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