Procurement Tactics

DECEMBER 7, 2022

Financial Supply Chain — The Ultimate Guide of 2023. The financial supply chain is new to many procurement professionals, especially those who have just started their journey in the procurement and supply chain industry. . For this article, we will tackle what a financial supply chain is.

Supply Chain Efficiency 181

Supply Chain Efficiency supply chain software solutions Supply Chain Optimization Supply chain 181

Supply Chain Game Changer

FEBRUARY 25, 2020

Subscribe to Supply Chain Game Changer. Strategic Supplier Relationship Management – Do’s and Don’ts. Regardless of what industry your company is in you are dependent on suppliers to operate your company. Thus it makes sense to have a Supplier Relationship Management program.

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Supplier relationship management Suppliers Management Supply Chain Efficiency 87

ivalua

FEBRUARY 25, 2021

ERP vs. Best-in-Class for Healthcare Supply Chain Management? Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

SCMDOJO

NOVEMBER 20, 2024

When transparency occurs in all aspects, it empowers a firm decision and helps prevent stock from being stocked out or excessively stocked. Supply Chain Collaboration Solid relationships with suppliers can enhance supply chain visibility. Moreover, Obsolete inventory damages future stock as well.

Inventory 98

Inventory Supply Chain Optimization Supply Chain Efficiency Real-time Visibility 98

Una

OCTOBER 25, 2022

How to Improve Procurement Efficiency. Procurement was once known for imposing clunky purchasing processes. In recent years, however, many teams have managed to successfully shake off this long-outdated reputation. 8 Steps to Improve Procurement Efficiency. Enforcing this rule can result in major purchasing bottlenecks.

Supply Chain Efficiency 105

Supply Chain Efficiency Procurement Purchase orders Real-time Visibility 105

Supply Chain Game Changer

JULY 10, 2019

Subscribe to Supply Chain Game Changer. Supplier Collaboration is a Win-Win Strategy! Supplier Relationship Management (SRM) is the hallmark of the Modern Procurement Function. The interest of your suppliers should match your supplier selection criteria. Ensure Supplier fiscal viability.

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Supplier relationship management Suppliers Strategy Management 67

Skill Dynamics

FEBRUARY 6, 2024

Supplier relationship management is a business strategy utilized by organizations to strategically build relationships with their suppliers that are mutually beneficial. The entire relationship needs to be considered from the point of view of growth.

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Supplier relationship management Suppliers Supply Chain Efficiency Management 59

Arkestro

DECEMBER 26, 2024

While these advancements have led to improved efficiency, cost savings, and enhanced strategies, theyve also made procurement processes more complex than ever before. Here are five key trends that will shape procurement and supply chain management in the coming year. trillion , a 9.3% increase from 2024.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

SCMDOJO

SEPTEMBER 24, 2024

Make vs Buy Analysis is an essential decision-making tool in supply chain management that significantly influences profitability, flexibility, and competitiveness. Make vs Buy Analysis evaluates whether to manufacture a product in-house or purchase it from suppliers. What is a Make vs Buy Analysis?

Supply Chain Efficiency 98

Supply Chain Efficiency supply chain budgeting Supply chain management Supply chain management 98

Procurement Heads

JANUARY 4, 2023

I joined KPMG in their supply chain practice and spend the next 16 years on consulting assignments in a smaller firm. In 2020, I moved back into corporate life as Head Of Supplier Relationship Management with Coventry Building Society. I need to ensure that supply chain ethics are closely attended to.

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Supply Chain Efficiency Agile and Lean Supply Chain Sustainability Suppliers 246

Procurement Software

MARCH 16, 2025

While full-scale digital transformation certainly takes time, organisations can see rapid improvements in efficiency, collaboration, and data accuracy right from the outset. Procurement now has its turn to drive efficiency and performance gains through better data. Sales have had reliable data ever since they had a CRM.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

Jaggaer

OCTOBER 24, 2024

Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain. Multi-tier supplier collaboration involves building transparency with and beyond your first tier suppliers.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

Planergy

MARCH 19, 2025

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. How better management in AP can give you better flexibility for cash flow management. What's PLANERGY?

Suppliers 52

Suppliers Management supply chain budgeting Supply Chain Efficiency 52

ivalua

MARCH 30, 2022

Supply chains are complex and varied; to manage them effectively, you need to understand exactly what’s happening in both your supply chain and your customers’ end markets. How can you create a more efficient supply chain and gain a better understanding of overall performance?

Suppliers 130

Suppliers Supplier relationship management supply chain software solutions Supply Chain Efficiency 130

SCMDOJO

JUNE 21, 2023

The Supply Chain as a Service (SCaaS) market has experienced significant growth in recent years, with even greater potential ahead. SCaaS is a technology-driven approach to managing supply chains, offering comprehensive end-to-end solutions for businesses. Let’s delve into this emerging concept.

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

Empowering CPO

MAY 31, 2023

Introduction In today’s interconnected world of business, Supplier Relationship Management (SRM) stands as a pillar of success for organizations across the globe. It’s the concerted effort of strategically planning and managing all interactions with suppliers that supply any goods and/or services to an organization.

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Supplier relationship management Collaboration Suppliers Supply Chain Efficiency 52

ivalua

AUGUST 1, 2022

How do these organizations build their supplier management programs? First, let’s define Supplier Management aka Supplier Relationship Management (SRM) , Supplier Lifecycle Management (SLM), Supplier Risk, and Performance Management (SRPM ). or a contractual relationship.

Suppliers 130

Suppliers Management Supply Chain Efficiency Supplier relationship management 130

Skill Dynamics

FEBRUARY 4, 2025

Strategic Sourcing and Supplier Relationship Management Strategic sourcing skills are crucial for procurement professionals to effectively identify and then leverage opportunities within the supply base to create value. Strategic sourcing can also help reduce the overall risk in a given supply chain.

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Procurement Supply Chain Efficiency Supply Chain Optimization supply chain budgeting 59

SCMDOJO

APRIL 26, 2023

Job Description and Requirements ] At a glance: What is Category Management in Procurement? Category Management Software What is Category Management in Procurement? Within an organization, category managers are responsible for managing different categories of goods or services, ensuring efficiency, transparency, and visibility.

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Category management Management Supplier relationship management supply chain software solutions 108

SCMDOJO

JUNE 28, 2024

In recent years, there has been a significant shift in the supply chain industry as more and more women are choosing careers in this traditionally male-dominated field. This rise of women in the supply chain is not only breaking gender barriers but also bringing a fresh perspective and new ideas to the table.

Supply Chain Optimization 93

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 93

Supply Chain Opz

NOVEMBER 9, 2014

Companies of all sizes have been capturing the value from Global Supply Chain to increase the economies of scale and scope for years. Due to the rapid change in global business environment, managers find it difficult to gain the edge over competitors. delivery reliability”), but is that really “supply chain thinking”?

Agile and Lean Supply Chain 109

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 109

Una

JANUARY 4, 2023

The Basics of Group Purchasing. Discover the basics of group purchasing and the benefits of working with a group purchasing organization to develop a comprehensive procurement strategy. The basics of group purchasing. Benefits of working with a group purchasing organization. By Mackenzie Oakley | January 5, 2023.

Purchasing 92

Purchasing supply chain budgeting Procurement strategies Contract 92

Arkestro

AUGUST 1, 2022

Constrained supply chains and the associated shortages have resulted in mounting pressures from the government and investors for organizations to diversify their supplier bases. The supplier relationship management dynamic has changed, with procurement processes becoming increasingly supplier-centric.

Supplier relationship management 52

Supplier relationship management Suppliers Management Buyers 52

Procurement Insights

JANUARY 3, 2025

Impact of Globalization and Supply Chain Complexity : The complexity of global supply chains highlighted procurement’s role in managing risks, ensuring continuity, and driving efficiencies. CIOs recognized procurements role in optimizing IT spend and driving efficiency.

Agile and Lean Supply Chain 52

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

Procurement Heads

JULY 6, 2022

From then I started exploring purchasing and the different career avenues I could get into. We are responsible for the procurement of strategic purchases and what that means for us is anything that is high value, high-risk, third-party engagements. Recently I created a LinkedIn group called ‘Black Women in Procurement.’

Networking 241

Networking Supplier relationship management Procurement Risk 241

TYA Suite

AUGUST 6, 2024

At its core, procurement involves building and maintaining robust relationships with suppliers to ensure a seamless flow of operations. This is where supplier relationship management (SRM) plays a pivotal role. Risk management is a critical component of SRM.

Supplier relationship management 40

Supplier relationship management Suppliers Import Management 40

Zycus Cognitive Procurement

JANUARY 31, 2023

As businesses strive to remain competitive in times of economic uncertainty, there is an increased need for effective supplier relationship management. A strong collaboration between the purchaser and suppliers can result in lower costs and better quality products, while driving innovation.

Supplier relationship management 40

Supplier relationship management Suppliers Management Supply Chain Efficiency 40

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.

Risk 133

Risk Supplier relationship management Contract management Supply Chain Efficiency 133

SCMDOJO

FEBRUARY 5, 2025

Targeted Learning: SCMDOJO offers a range of courses and learning paths focusing on specific procurement areas, such as e-auctions, contract negotiation, cost optimization, and supply chain resilience. This allows you to tailor your learning to your particular needs.

Procurement 59

Procurement Real-time Visibility supply chain budgeting Supply Chain Optimization 59

IBM Supply Chain Blog

FEBRUARY 28, 2024

They consider factors—like supplier performance or sustainability —that support long-term partnerships, advance business needs and increase purchasing power. Now, sourcing and procurement professionals are reaping the rewards of such automation: streamlining workflows, boosting the bottom line and finding efficiencies.

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Sourcing Strategy Supply Chain Efficiency e2e 94

Una

OCTOBER 17, 2023

EPISODE 137 Using Visibility to Combat Supply Chain Abstraction with Frank Kenney By Kelly Barner | October 18, 2023 In the race to build global empires of data and digital systems, today’s businesses must not risk forgetting what all of those zeroes and ones mean.

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supply chain budgeting Real-time Visibility Supply Chain Efficiency Supply chain 81

ivalua

MARCH 9, 2023

Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. ​ It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency.

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Sourcing Real-time Visibility e2e supply chain software solutions 130

Una

APRIL 13, 2023

There’s nothing wrong with simply getting what you’ve paid for; in fact, up to 80% of your supplier relationships are likely to be purely transactional. Transactional suppliers may not be motivated to provide the highest quality products as they are not invested in the long-term success of the buyer’s business.

Suppliers 98

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

Una

MARCH 30, 2023

In episode 100 of The Sourcing Hero podcast, our host Kelly Barner reels off a list of not-so-flattering nicknames for procurement she’s encountered that would make any purchasing professional wince. This can involve diversifying suppliers, developing contingency plans, and implementing quality control measures.

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Procurement Supply Chain Efficiency Procurement team Sustainability 104

Supply Chain Game Changer

JULY 31, 2019

Subscribe to Supply Chain Game Changer. Brand Protection – The Definitive Role of the Supply Chain! A while ago, we blogged about how more Startups are looking to Supply Chain Management to boost their productivity as they scale. Subscribe Here! Email Address. Getting it funded is harder.

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Supply Chain Efficiency Supply chain Supply chain management Supply chain management 72

Procurement Templates

MARCH 3, 2024

A RFQ is used for low cost purchases and a PQQ is typically used for higher cost tenders. This assessment aims to identify what the organization needs to procure to fulfill its objectives effectively and efficiently. Risks may include budget constraints, supply chain disruptions, quality issues, legal compliance, etc.

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Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Una

NOVEMBER 1, 2022

These “back-office” workers were seen primarily as clerical support, entering and tracking purchase orders and researching suppliers. And, like Milton, management assumed procurement people were happily left alone in dank office spaces, content having their red staplers by their side. Strategic sourcing is similar.

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Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98