Procurement Tactics

JUNE 7, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Sustainable Procurement Strategy — Embracing Sustainability Sustainable procurement strategy allows an organization to conduct its procurement processes that support its sustainability goals and objectives.

Procurement strategies 171

Procurement strategies Sustainability Strategy Procurement 171

Procurement Tactics

JUNE 7, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Purchase Price Variance — Everything You Should Know Purchase price variance is an important factor for budget preparation, but why? Price Purchase Variance: What is it? Why is it Important?

Price 130

Price Purchasing Raw materials Negotiation 130

Procurement Express

MARCH 9, 2025

If your company relies on vendors, an efficient purchase order (PO) system is essential for keeping cash flow predictable and preventing budget surprises. Fortunately, QuickBooks Online gives you a simple way to manage purchase orders, streamline approvals, and keep vendor relationships smooth. What is a purchase order?

Purchase orders 52

Purchase orders Purchasing Real-time Visibility Vendor relationships 52

Procurement Tactics

JUNE 8, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Purchase Order vs Invoice — 7 Key Differences Purchase orders and invoices may be hard to differentiate, especially if you are new in the procurement industry. What is a Purchase Order?

Purchase orders 130

Purchase orders Purchasing Buyers Quantity 130

Skill Dynamics

DECEMBER 18, 2024

This article aims to help you understand different procurement fraud risks, arm you with a set of effective strategies for managing procurement fraud, and help you understand the true benefits of effective procurement fraud management. Inconsistencies between purchase orders and invoices are another thing to watch for.

Risk 52

Risk Strategy Supply Chain Efficiency Procurement 52

Planergy

MARCH 10, 2025

Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. This guide provides actionable strategies to maximize your institution’s financial resources. Bundle Purchases Across Schools For MATs overseeing multiple schools, combining supply orders can significantly reduce costs.

Strategy 52

Strategy Management Budget Spend management 52

Procurement Tactics

JUNE 6, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Implementing Sustainable Procurement Strategy — Embracing Sustainability Implementing a sustainable procurement strategy to your procurement process is crucial for you to be successful with your sustainable goals.

Procurement strategies 130

Procurement strategies Sustainability Strategy Procurement 130

ivalua

MAY 30, 2023

Ivalua Spend Management Insights [ivory-search] 3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation May 30, 2023 | | Procurement Strategy by Sara Omer What is the Saudi Vision 2030 Program? Developing and executing category strategies is critical to effective strategic sourcing.

Eprocurement 49

Eprocurement Procurement Supply Chain Efficiency Supply chain resilience 49

Procurement Freelancers

NOVEMBER 17, 2024

The purchasing profession is undergoing a transformative phase, with new trends emerging to redefine strategies… The post 2025 Trends Shaping the Future for Purchasing Professionals first appeared on Procurement Blog | Procurement & Supply Chain News.

Purchasing 88

Purchasing Supply chain Strategy Procurement 88

Procurement Tactics

MARCH 16, 2023

Strategic procurement is a crucial aspect for businesses across the globe as every organization wants to create an effective procurement strategy to ensure success and maximize value contribution. It aims to ensure that the goods and services that the business needs are delivered on time and purchased within the budget.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

Spend Matters

SEPTEMBER 26, 2023

Forty years ago, the Harvard Business review published Peter Kraljic’s article ‘ Purchasing Must Become Supply Management ,’ which debuted the supplier segmenting method that we now know as the Kraljic matrix. The post Analyst eye on how purchasing must really become supply management appeared first on Spend Matters.

Purchasing 114

Purchasing Supply management Management Supply Chain Efficiency 114

Procurement Templates

NOVEMBER 21, 2024

Detailed strategies for improving procurement skills Improving procurement skills involves a mix of education, practice, mentorship, and exposure to new tools and methodologies. Negotiation Skills Actionable Steps: Prepare Thoroughly: Research suppliers’ market position and pricing strategies before negotiations. PMI-RMP, ISO 31000).

Agile and Lean Supply Chain 130

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

Procurement Express

DECEMBER 31, 2024

However, these strategies often only account for direct procurement or the purchases associated with the products a company sells. Indirect spending, or those purchases that fall into the everything else categoryfrom IT equipment and professional services to payrollaren’t always held to the same standard. The list goes on.

Spend management 40

Spend management Strategy Management Real-time Visibility 40

Procurement Tactics

AUGUST 25, 2022

Omid Ghamami is one of the most globally recognized thought leaders in the field of purchasing and sales negotiations. Thereby making him the world’s most sought-after purchasing and supply chain management author, speaker, consultant, and trainer. He is known as “the secret weapon of fortune 500 chief purchasing officers”. .

Procurement 231

Procurement Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 231

Spend Matters

DECEMBER 23, 2024

Customers want to quickly adjust sourcing strategies and build agility into their supply chains. How customers justify procuretech investment to stakeholders Cost savings and efficiency: Direct savings and operational efficiency metrics resonate strongly with financial stakeholders.

Procurement 120

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supplier consolidation 120

SCMDOJO

JANUARY 9, 2025

This article delves into how these two elements, working together, can transform procurement strategies into long-term competitive advantages. Companies with strategic sourcing strategies in place were able to avoid production stoppages by having alternative suppliers ready.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Procurement 98

Skill Dynamics

JULY 19, 2024

Let’s take a look at how you can develop and implement your procurement strategy roadmap from start to finish and address key challenges you may face along the way, as well as save costs and mitigate risk. While this is a welcome shift in global procurement strategy, it’s forcing companies to adapt their procurement strategy roadmaps.

Procurement strategies 90

Procurement strategies Strategy Procurement supply chain budgeting 90

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

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

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 5, 2025

Real transformation demands a mix of creativity, strategy and much patience. Designing and implementing the transformation : addressing the gaps (people, process, technology); designing the organization; rollout options and strategies; skills allocation. You need a better strategy, enabled by digital. Lets explore these aspects.

Procurement 112

Procurement Change management Strategy supply chain budgeting 112

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. Moreover, it covers written and verbal communication skills, negotiation techniques, and conflict-resolution strategies.

Supply Chain Optimization 98

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

Shapiro Negotiations Institute

MARCH 6, 2025

That’s why we’ve packed this guide on how to be persuasive with strategies that work in the real world from those high-stakes boardroom presentations to the complex procurement discussions that test even the most seasoned sales professionals. The Persuasion Advantage Some people just have that it factor when being persuasive.

Strategy 40

Strategy Agile and Lean Supply Chain Negotiation supply chain budgeting 40

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

ivalua

MAY 9, 2023

However, this strategy may lead to a lack of options and price volatility within the market. The result– the market has turned into almost a monopoly where there is one dominant provider and the threshold for other vendors is so high that entry is incredibly difficult.

Procurement 246

Procurement Strategy Strategic sourcing Strategic sourcing 246

Procurement Tactics

APRIL 17, 2023

As sustainability is a growing focus in many industries around the world, many businesses are integrating it, especially consumers who are demanding to know where the products they purchase come from. As a result, it future-proofs the company’s sustainable purchases and investments by integrating sustainable policies.

Sustainability 182

Sustainability Suppliers Influencing Purchasing 182

Procurement Tactics

JUNE 28, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Purchase Orders Purchase orders are where the monitoring of the creation and approval of purchase orders comes in. Procurement Strategy Course Take the lead with our proven 5-step procurement strategy 3.

Supply Chain Efficiency 178

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

Procurement Tactics

DECEMBER 6, 2022

It is a set of practices that ensures smart procurement decisions and efficient purchasing. Unclear purchasing policies. If the purchasing policies are poorly communicated, the procurement department or teams may not know what is expected of them. To simplify, it is used to monitor and assess business costs. . Eliminate fraud.

Spend management 172

Spend management Management Real-time Visibility Budget 172

Procurement Tactics

MAY 9, 2023

In procurement, invoice reconciliation refers to the process of checking the invoices received from a supplier with the purchase orders to verify if they match. During the reconciliation process, discrepancies between the purchase order and invoice are identified. CERTIFICATE COURSES Related courses about this subject 1.

Purchase orders 182

Purchase orders Negotiation Purchasing Procurement strategies 182

Procurement Tactics

OCTOBER 18, 2022

It determines each supplier’s contribution to the company’s success and creates new strategies to improve their performance. Thus, enabling them to make smarter decisions regarding procurement strategies. . It integrates departmental information into a single software platform for you to manage procurement and purchasing tasks. .

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

Procurement Tactics

MAY 30, 2023

Procurement managers, also known as purchasing managers, supervise a company’s relationship with suppliers and the logistics of transportation. They manage the sourcing and purchasing of goods and services that the organization requires to operate effectively. What is a Procurement Manager?

Management 178

Management supply chain budgeting Procurement Negotiation 178

Procurement Insights

MARCH 3, 2025

The outcome hinges on factors like integration strategy, organizational readiness, and the specific tools involved. Specifically, and I quote, the vast majority of purchasing organizations are now in the software business as they attempt to adapt their practice to an application they would not have chosen to use in the first place.

supply chain software solutions 78

supply chain software solutions Supply Chain Optimization Supply Chain Efficiency Procurement 78

Procurement Tactics

APRIL 13, 2023

We can also monitor and check if our purchases have any negative impact on the planet. Procurement Strategy Course Take the lead with our proven 5-step procurement strategy 3. Thus, it is about creating a balance between the consumerist human culture and the living world. Why is Environmental Sustainability Important?

Sustainability 195

Sustainability Raw materials Procurement strategies Negotiation 195

Procurement Tactics

MAY 21, 2023

Thus, you will be able to know the total cost of acquiring an asset and make informed decisions about your purchases. The actual cost will depend on various factors such as the purchase price, financing costs, taxes, and other expenses. Procurement Strategy Course Take the lead with our proven 5-step procurement strategy 3.

Negotiation 174

Negotiation Purchasing supply chain budgeting Procurement strategies 174

Spend Matters

MARCH 25, 2025

This involves mapping key internal and external players, understanding their unique objectives and developing strategies to foster alignment and commitment. Communication strategies for stakeholder engagement Stakeholder engagement is not a one-time exercise but an ongoing process that requires tailored communication and strategic messaging.

Stakeholder engagement 94

Stakeholder engagement Management Procurement Influencing 94

Procurement Tactics

MAY 22, 2023

Procurement Strategy Course Take the lead with our proven 5-step procurement strategy 3. Reliable and real-time data is crucial for customers to plan effectively, anticipate demands, and understand purchasing patterns of their customers. CERTIFICATE COURSES Related courses about this subject 1.

Logistics 207

Logistics supply chain software solutions supply chain budgeting Supply Chain Optimization 207