Spend Matters

JANUARY 7, 2025

But cutting back on these costs never feels quite as urgent as purchases tied directly to revenue. Employees are bypassing approvals Rogue spending occurs when employees make purchases without following established approval chains or proper authorization. This leads to redundant purchases, budget overruns and a lack of accountability.

Procurement 112

Procurement Purchasing Vendor relationships Suppliers 112

SCMDOJO

JUNE 3, 2022

And that’s no other than a purchase order. It’s hard to ignore how important Purchase Orders (POs) are to growing retail businesses. But what exactly is a purchase order , and why do CPAs need one? We’ll also look into the many benefits you can get by using a purchase order system. What Is a Purchase Order?

Purchase orders 131

Purchase orders Purchasing Quantity Buyers 131

Procurement Templates

APRIL 10, 2022

These are key topics that you should be discussing at your weekly or monthly purchasing team meetings. Setting key metrics for all of these things and discussing them in supply chain meetings will focus on these quality deficiencies. The post Purchasing Meeting Topics Supply Chain appeared first on Procurement Templates.

Purchasing 130

Purchasing Supply Chain Optimization Supply Chain Efficiency Supply chain 130

ivalua

MARCH 18, 2021

The Strategic Sourcing modules of Ivalua allow Punch Powertrain buyers to define Purchasing needs collaboratively, consolidate the tendering documents and ease costing by suppliers (cost breakdown files, dialogue with the projects on technical feasibility).

Strategic sourcing 246

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 246

Spend Matters

MARCH 10, 2025

In today’s competitive business landscape, procurement departments face constant pressure to optimize costs while maintaining the quality of goods and services. By providing deep insights into purchasing patterns, supplier performance and areas for cost reduction, spend analytics can transform raw data into actionable intelligence.

Buyers 107

Buyers Quality Purchasing Data 107

SCMDOJO

JANUARY 9, 2025

By fostering these relationships, businesses can ensure stable supply chains, consistent quality, and even access to supplier innovations. Improving Cost and Quality Every decision in strategic sourcing impacts the total cost of ownership, the quality of goods or services, and supply chain resilience.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Procurement 98

ivalua

MAY 30, 2023

It is an important part of the decision-making process and requires careful consideration of a wide range of factors, such as cost, quality, reliability, and delivery times. When you work with local experts and access nearby resources, you can ensure top-quality products.

Eprocurement 49

Eprocurement Procurement Supply Chain Efficiency Supply chain resilience 49

Una

MAY 25, 2023

Managing Procurement Risk with a Group Purchasing Organization Explore how a group purchasing organization can be an effective solution for managing procurement risk and improving overall procurement processes. This diversification minimizes the risk of disruptions caused by supplier bankruptcy, delivery delays, or quality issues.

Purchasing 96

Purchasing Risk Management Procurement 96

Procurement Templates

NOVEMBER 21, 2024

Conduct Supplier Assessments: Regularly evaluate supplier performance using scorecards focused on quality, delivery, and cost. Analyze Total Cost of Ownership (TCO): Incorporate factors like lifecycle costs, maintenance, and disposal into purchasing decisions. Resources: Online courses on strategic sourcing (e.g.,

Agile and Lean Supply Chain 130

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

Procurement Tactics

SEPTEMBER 8, 2022

Some referred to it as MRO purchasing which pertains to maintenance, repair, and operations due to its significance to keep the business running. . You may think that this is the same as tactical purchasing. However, it is not true due to the fact that tactical purchasing is focused on short-term transactional activity.

Procurement 226

Procurement Purchase orders Purchasing Strategic sourcing 226

Spend Matters

FEBRUARY 26, 2025

With limited funding, labor shortages and rapid technological advancements, public sector organizations must find innovative ways to maintain or even improve service quality with fewer resources. Intelligent Solicitation Builder: A guided automated tool that uses historical purchase data and business rules for solicitation creation.

Procurement 109

Procurement Bidding Contract management Data 109

SCMDOJO

OCTOBER 23, 2024

While edX is a well-known general online learning platform that offers a broad range of courses, SCMDOJO is a dedicated platform solely focused on providing high-quality education and resources for supply chain professionals. A general platform covering various subjects, including supply chain.

Supply Chain Optimization 93

Supply Chain Optimization Supply Chain Efficiency Supply chain Supply chain management 93

Procurement Tactics

APRIL 17, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Government Procurement — Shifting to Sustainability Sustainable government procurement is the commitment of the government to achieve sustainability in its purchases. However, what is it? Enroll now!

Sustainability 201

Sustainability Procurement Negotiation Bidding 201

Procurement Tactics

MARCH 16, 2023

It aims to ensure that the goods and services that the business needs are delivered on time and purchased within the budget. When strategic procurement is done correctly, it can help an organization to optimize its profit margin, reduce risks, and streamline the process of purchasing goods and services needed to achieve business goals.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

Planergy

FEBRUARY 24, 2025

Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. Procurement in education is far more than simple purchasing. These purchases directly impact student learning and institutional performance. Strategic Procurement Strategic procurement goes beyond transactional purchasing.

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

ivalua

MARCH 16, 2020

For Körber’s supply chain management community, quality, innovative strength, legal certainty, adherence to delivery dates and the sustainability of suppliers and service providers play a decisive role – as does cost. Körber’s purchasing and supply chain management organisation is responsible for all procurement processes.

Agile and Lean Supply Chain 49

Agile and Lean Supply Chain Procurement Supply Chain Efficiency Chief Procurement Officer 49

Procurement Tactics

MAY 30, 2023

Additionally, you will know the qualities of a procurement manager that will help you to choose the right one to be a part of your business. Procurement managers, also known as purchasing managers, supervise a company’s relationship with suppliers and the logistics of transportation. What is a Procurement Manager?

Management 178

Management supply chain budgeting Procurement Negotiation 178

Procurement Tactics

MARCH 26, 2023

Open tendering, also known as competitive bidding, is a process aimed to purchase goods or services at the lowest possible price. Open Tenders As we said earlier, open tender is a common type of tender that aims to purchase goods or services at the lowest possible price. So without further ado, let us now start!

Bidding 197

Bidding Suppliers Competitive bidding Price 197

Procurement Tactics

FEBRUARY 19, 2023

Many users are amazed at how ChatGPT can provide human-quality responses when they are asking questions. Additionally, it can help procurement professionals by answering questions such as “what is a purchase request” and “what are the processes involved in the procurement”. Limitations of ChatGPT 1. Is ChatGPT Free to Use?

Procurement 287

Procurement Market analysis Contract Suppliers 287

Procurement Tactics

NOVEMBER 23, 2022

Corporate social responsibility (CSR) is the commitment of businesses to behave ethically and contribute to the development of the economy all while improving the quality of life of their workforce and their surrounding community. . Corporate Social Responsibility – What is it? Download Free Whitepaper ?. ?.

Procurement 206

Procurement Ethics Sustainability Supply Chain Efficiency 206

ivalua

SEPTEMBER 28, 2020

The Purchase Order has been touted as the only way to manage ‘maverick’ spend (stopping off budget expenditure), but it’s also a way to automate invoice processing. We need to take the good parts of the networks (data quality) and go back to look at AP Automation and invoice matching.

supply chain budgeting 237

supply chain budgeting Purchase orders Networking Buyers 237

Procurement Tactics

APRIL 13, 2023

A sustainable environment aims to improve the quality of human life without putting too much strain on the earth’s supporting ecosystems. We can also monitor and check if our purchases have any negative impact on the planet. Thus, it is about creating a balance between the consumerist human culture and the living world.

Sustainability 195

Sustainability Raw materials Procurement strategies Negotiation 195

Arkestro

DECEMBER 5, 2024

The technological advances that power Predictive Procurement make it a natural fit for fast-paced industries like high-tech manufacturing , which require high levels of precision, speed, and quality to meet exacting standards and regulations. In short, it is revolutionizing nearly every aspect of high-tech manufacturing.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply Chain Efficiency Supply chain resilience 52

Procurement Tactics

JUNE 27, 2023

Meat Quality Meat quality and consistency are important factors in customer satisfaction. Thus, take note of the meat’s color, texture, and amount of fat as they are quality traits of meat. So far, we are really pleased with the quality of the meat. Moreover, you ensure that consumers are healthy.

Price 162

Price Suppliers Negotiation Quality 162

Procurement Tactics

NOVEMBER 27, 2022

We will discuss with you what green purchasing is and the challenges facing procurement professionals in green procurement. Responsible consumption and production of goods are seen as an important part of the strategy to reduce poverty, improve environmental quality, and bring economic growth. . What is Green Purchasing?

Procurement 191

Procurement Sustainability Purchasing Raw materials 191

ProcurePort

AUGUST 15, 2022

This includes but is not limited to listing probable vendors, comparing prices, quality checks, cost control, and risk management. Effective vendor management takes combined efforts across departments and therefore purchasing […]. The post What is Vendor Management? appeared first on ProcurePort Blog.

Vendor management 130

Vendor management Management Risk management Quality 130

SCMDOJO

JANUARY 22, 2025

You can download the file when purchased as an individual product or as an SCMDOJO member (providing better value for the user). Supplier Quality DPPM (Defects Per Million) Definition This metric measures the number of defective parts per million received from a supplier. It’s a key indicator of supplier quality performance.

Supply Chain Optimization 90

Supply Chain Optimization Supply Chain Efficiency Supply chain Supply 90

SCMDOJO

DECEMBER 29, 2024

Key takeaways Importance of Procurement Procurement vs. Purchasing Key Functions Departmental Structure Role Descriptions The blog emphasizes the significance of a well-structured procurement department with qualified personnel to achieve organizational objectives. Read In Detail About Procurement Department Here 2.

Supply Chain Efficiency 95

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 95

SCMDOJO

DECEMBER 29, 2024

Mastering Procurement – Essentials Skills and Competencies Mastering Procurement by Maryna Trepova is the ultimate Procurement and Purchase Management course for Engineers, Entrepreneurs, Managers, and Students. Here are 10 of their top-rated courses: 1. The best part about availing this course is that it’s FREE.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain KPIs Supply Chain Efficiency Category management 98

Procurement Tactics

JUNE 28, 2023

Purchase Orders Purchase orders are where the monitoring of the creation and approval of purchase orders comes in. Supplier Performance The quality, timeliness, and adherence to contractual commitments of suppliers shall be monitored. These include purchase management, expense filing, and workflow automation.

Supply Chain Efficiency 178

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

Procurement Tactics

JUNE 26, 2023

The Welman Group highlights its discount offerings: 3% off on $500-$999 purchase 5% off on $1000-$1999 purchase 7% off on over $2000 purchase Replenish your jewelry personal collections with these featured products: Sterling Silver Bali Style Granulation Stud Earring With Synthetic Turquoise priced at $3.53 Great quality.

Suppliers 146

Suppliers Price Negotiation Purchasing 146

Procurement Tactics

NOVEMBER 29, 2022

We will tell you about MRO purchasing and MRO inventory management. As such, it can become a risky purchase as operations personnel may spend more than what the company needs to operate. . What is MRO Purchasing. MRO purchasing is an indirect spend of businesses that relates to maintenance, repair, and operations.

Procurement 168

Procurement Inventory Purchasing Procurement strategies 168

Procurement Tactics

JULY 14, 2022

Procurement executives are known as purchasing agents or buyers in some organizations. Purchasing agents are responsible for negotiating and evaluating with the suppliers. Purchasing agents are tasked with sourcing direct and indirect materials requested by different departments in an organization. . Editor's note: Hi there!

Procurement 130

Procurement Purchase orders Purchasing Negotiation 130

Spend Matters

OCTOBER 1, 2024

This content does not express the views or opinions of Spend Matters Given the persistent economic uncertainty and inflation-induced price increases, reducing purchasing costs remains a priority for most procurement stakeholders in 2024, followed by ensuring supply continuity and combating rising prices.

Purchase orders 106

Purchase orders supply chain software solutions Management Supply Chain Efficiency 106

Procurement Tactics

APRIL 19, 2023

Thus, you can ensure that all the goods and services that you will purchase will have no negative effect on the environment and the surrounding communities. Additionally, it can help by ensuring that no resources go to waste and by promoting sustainability with its purchasing decisions.

Sustainability 165

Sustainability Procurement Supply Chain Efficiency supply chain budgeting 165

Procurement Tactics

JULY 20, 2023

Fluxes Limestone is an important element in the steelmaking process as it removes steel impurities and improves its quality. We purchased a custom granite mailbox post from Swenson Granite’s CT store and received fabulous service throughout–from selection, to purchase/ordering, delivery and installation (in Warwick, NY).

Price 186

Price Suppliers Negotiation Sustainability 186

Procurement Tactics

JUNE 23, 2023

You can reach out to people who purchased its service as their first-hand experience will give you an idea of how reliable and trusted the company brand is. Quality of Supplies The best quality is one of the top considerations in every purchase. He did purchase a new truck, but it doesn’t have a C15.

Price 211

Price Suppliers Negotiation Purchasing 211