Procurement Insights

JANUARY 4, 2024

I will share some facts with you that I am sure you will find enlightening: Managing “In-Process” Purchase Orders Before the pandemic, 36% of line items would change over the lifecycle of a PO. 53% of midmarket B2B companies are using spreadsheets to manage their accounts receivable (2014 study by e2b teknologies).

Purchase orders 80

Purchase orders Purchasing Supply chain Management 80

NLPA (Next Level Purchasing Association)

JULY 24, 2021

One of the essential mechanisms of Supply Management and Performance is a Supplier Rating Program, where you will collect, analyze, and use data to optimize supplier performance. The Complete Supplier Management Strategy. Supplier Management Strategy. Supplier Management Metrics. Strategic Supplier Management.

Supply management 52

Supply management Management Supply Suppliers 52

Arkestro

DECEMBER 3, 2024

SAN FRANCISCO, CA, December 3, 2024 – Arkestro is excited to announce its partnership with the Infor Marketplace , a powerful collaboration designed to enable AI-driven procurement, sourcing, purchasing, and supply chain management transformation for enterprise manufacturing teams worldwide.

Influencing 52

Influencing supply chain budgeting Supply Chain Optimization Procurement team 52

Jaggaer

FEBRUARY 14, 2019

In the simplest of terms, P2P solutions deliver improved processes as it relates to purchasing. It is the essential link between all purchasing functions and accounts payable within an organization and includes essential functions such as supply management, requisitions, purchase orders, receiving, and invoicing.

Purchasing 49

Purchasing Sourcing Real-time Visibility Budget 49

Procurement Tactics

JULY 17, 2022

Purchase/Purchasing. They all refer to the process or act of getting, buying, acquiring, or purchasing something. . Some words can easily replace the word procurement such as the word purchase. In any organization, the procurement department is responsible for all the purchasing of suppliers or services.

Procurement 130

Procurement Negotiation Purchasing Supply Chain Optimization 130

Una

OCTOBER 12, 2022

Juliette is a reporter at Supply Management magazine, the hard copy publication from CIPS. In the April-June 2022 edition, she wrote an article titled, What happens when politics snares supply? Do you have questions about group purchasing? Episode 84: Tackling the Trends of Quiet Quitting and Firing with Kris Lance.

Supply chain 111

Supply chain Supply chain management Supply chain management Supply 111

SPLC (Sustainable Purchasing Leadership Council)

MAY 18, 2018

2018 LEADERSHIP AWARDS FOR SUSTAINABLE PURCHASING. Seven Organizations Recognized by Sustainable Purchasing Leadership Council. Each winner employs a wide range of sustainable purchasing strategies and documented the resulting environmental, social, and/or economic benefits in a case study. More about this case study.

Leadership 40

Leadership Purchasing Sustainability Supply Chain Efficiency 40

Procurement Heads

JANUARY 4, 2023

It’s a chance for buyers to do their job and look for efficiencies across the total supply chain. You know the purchase price, but we’re also looking to see if we are buying at the right point in the supply chain and assessing the whole life cost. To look for cost benefit and different ways of doing things, which is great.

Supply Chain Efficiency 246

Supply Chain Efficiency Agile and Lean Supply Chain Sustainability Suppliers 246

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.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Supply Supply chain 130

Procurement Software

MAY 16, 2023

Onventis Onventis provides a Procure-to-Pay module for buyers that streamlines the procurement process from purchasing to payment. The software automates workflows and approvals, manages supplier catalogues, and provides real-time analytics for better decision-making.

Procurement 96

Procurement Purchase orders Real-time Visibility Purchasing 96

SCMDOJO

FEBRUARY 5, 2025

MCIPS: The Gold Standard in Procurement Qualifications MCIPS is a globally recognized professional qualification that signifies a deep understanding of procurement and supply management. It’s a structured program with defined levels that culminate in a prestigious certification.

Procurement 59

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

Spend Matters

JULY 25, 2022

Categories: Solution Providers , Spend Management , Supply Management , Technology Tags: Coupa Inspire , EU , supply We are witnessing a pivotal change in the market for some of the big source-to-pay (S2P) suite players (like Coupa, SAP and their peers) as they move toward a broader platform and ecosystem approach.

Supply Chain Optimization 98

Supply Chain Optimization Spend management Management Supply 98

SCMDOJO

SEPTEMBER 18, 2023

Here is a list of some common procurement synonyms: Sourcing Acquisition Purchasing Buying Procuring Acquiring Obtaining Securing Obtaining Stocking Resourcing Attaining Gaining Fetching Obtaining Now let’s get into the meanings of some of these synonyms for procurement: 1.

Procurement 105

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

Spend Matters

FEBRUARY 13, 2025

The historical approach focused on reacting to operational elements, like a plant being short of potatoes, instead of demand driven supply management processes. In addition, the broader supply chain organization was working to implement other new tools and processes.

Influencing 103

Influencing Procurement supply chain budgeting Strategic sourcing 103

Una

OCTOBER 13, 2022

Procurement and supply chain management would be a lot easier if the function existed in a bubble, but it would also be a lot less exciting. The Challenging State of Procurement and Supply Chain. Do you have questions about group purchasing? By Hugo Britt | October 13, 2022. Leveraging Lean Procurement. Get in Touch.

Procurement 98

Procurement Agile and Lean Supply Chain Price Supply chain 98

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. .” In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Mark Trowbridge.

Risk 133

Risk Supplier relationship management Contract management Supply Chain Efficiency 133

Spend Matters

MAY 8, 2023

As announced at the recent Inspire 2023 conference, Coupa is introducing several new products to address industry gaps in direct spend management as part of its vision to become a comprehensive spend management platform (which for direct also means a supply management platform).

Spend management 102

Spend management Management Real-time Visibility Collaboration 102

Supply Chain Game Changer

JANUARY 9, 2019

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. Regardless of your position or situation it is highly valuable to understand the type of interview questions, and answers, appropriate for Procurement and Purchasing professionals. Subscribe Here! Email Address.

Procurement 68

Procurement Purchasing Negotiation supply chain software solutions 68

Spend Matters

OCTOBER 4, 2024

So, the term ‘spend orchestration’ that some like to use is really just upgraded spend management. Finally, Zip also now supports cross-catalog purchasing, allowing users to search for and purchase items across multiple catalogs within the Zip user interface. Cross-functional orchestration beyond intake.

Sustainability 112

Sustainability Spend management Real-time Visibility Supply Chain Optimization 112

NLPA (Next Level Purchasing Association)

MARCH 16, 2023

The post Understanding Spend Management Perspectives: CFO, CEO, Procurement Director & Procurement Manager appeared first on Next Level Purchasing Association (NLPA). Become a member of one of the world’s largest procurement associations today.

Spend management 98

Spend management Management Procurement supply chain budgeting 98

Jaggaer

JULY 5, 2023

JAGGAER is awarded by ADACI, the Italian Association of Purchasing and Supply Management for our efforts with advancing Marelli's digitization project.

Innovation 52

Innovation Purchasing Supply management Procurement 52

Supply Chain Brain

MAY 2, 2023

The Institute for Supply Management said its purchasing managers’ index rose from a three-year low of 46.3% in March 2023 to 47.1% in April 2023.

Purchasing 52

Purchasing Supply management Management Supply 52

NLPA (Next Level Purchasing Association)

APRIL 8, 2024

Understanding this distinction is essential for anyone entering the procurement, purchasing, or supply chain field. Key Differences Between Logistics and SCM Here’s a table summarizing the key differences between logistics and supply chain management: Both SCM and logistics play vital roles in a successful supply chain.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization supply chain software solutions Logistics 52

Supply Chain Game Changer

NOVEMBER 13, 2018

And What is Purchasing? From the starting point of the traditional buy-sell, transaction-based purchasing, the practice has moved through stages of change that redefines most aspect of the business. This can be achieved through reduction in prices of purchased products & services and reduction in their specific consumption.

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

Spend Matters

AUGUST 15, 2024

If a supplier portal wasn’t functioning, if a P2P system wasn’t correctly matching invoices with the proper Purchase Order or if data was inaccessible or missing, IT was often identified as the bottleneck. ’ To put it mildly, procurement and supply chain isn’t always IT’s top priority.

supply chain software solutions 120

supply chain software solutions Agile and Lean Supply Chain Supply Chain Efficiency Supply chain 120

Supply Chain Opz

MAY 28, 2013

This article will show you how to use a simple 2x2 matrix system to segment supply chain with examples across various functions. 1) Purchasing Portfolio Matrix. In 1983, Peter Kraljic wrote the article " Purchasing Must Become Supply Management " for Harvard Business Review. Purchasing Portfolio Matrix.

Supply chain 70

Supply chain Supply Supply chain management Supply chain management 70

Procurement Insights

JULY 22, 2024

In 1983, Peter Kraljic introduced his matrix in an HBR article , Purchasing Must Become Supply Management. Consider the following quote from Kraljic: “The stable way of business life many corporate purchasing departments enjoy has been increasingly imperiled.

Raw materials 52

Raw materials Purchasing Supply market Supply management 52

SCMDOJO

APRIL 22, 2022

For their part, the Logistics Manager is responsible for: This department handles raw material deliveries. Coordinates with the management team. Supply management. Industrial process and production management system mastery is required. The ability to manage a computerized data system.

Logistics 137

Logistics Raw materials Supply Chain Efficiency Supply Chain Optimization 137

NLPA (Next Level Purchasing Association)

JULY 11, 2022

Imagine a purchase order is placed at the supplier level, the parts are delivered to the manufacturer, but an issue is identified with a specific part. Interested in Supply Management? Sourcing and Supply Management in the “New Normal” Supplier Quality Checklist . Supply Management Contract Writing.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain Quality 52

NLPA (Next Level Purchasing Association)

SEPTEMBER 21, 2023

The modern business landscape is constantly evolving, and this dynamism is especially evident in the areas of purchasing and supply chain management. In today’s connected world, supply chains have become more complex, with global reach, sustainability concerns, and rapidly changing market dynamics.

Procurement 52

Procurement Supply Chain Optimization Supply Chain Efficiency Supply chain management 52

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

Improved communication, regular performance assessments, and joint value creation efforts lead to better supplier performance, reduced risks, and potential cost savings through optimized partnerships. These insights enable data-driven decision-making, negotiation strategies, and risk mitigation, leading to more informed procurement choices.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Supply Chain Game Changer

MAY 27, 2020

That difficulty is compounded when supply chains are operated from different locations. Multiple regional locations increase the complexity when planning global purchases or the delivery of those materials to each of the new various nodes. In the world of supply chain operations, complexity equals costs.

Supply Chain Efficiency 132

Supply Chain Efficiency Supply chain Suppliers Strategy 132

NLPA (Next Level Purchasing Association)

SEPTEMBER 18, 2023

Don’t miss updates on Procurement & Supply Chain, Subscribe here! If you want up-to-date views on the latest happenings in purchasing and supply management or want to share your own thoughts, this is the place! The post Just Starting Out appeared first on Next Level Purchasing Association (NLPA).

Purchasing 40

Purchasing Supply management Supply chain Procurement 40

Positive Purchasing

OCTOBER 20, 2023

It’s events season here at Positive Purchasing and we’ve had a busy September travelling around Europe, attending leading procurement events. appeared first on Positive - Procurement transformation, expert training for improved purchasing and procurement. The team have been in Spain, Sweden and Italy! Read more below!

Category management 52

Category management Sustainability Purchasing Procurement 52

ivalua

MARCH 17, 2021

The stimulus funding and projects it will benefit will require responsible management, stewardship and oversight for years to come. Grant solicitations are much like procurement solicitations in that, to be successfully managed, require contracts, budget tracking, purchase orders, invoicing, and audit preparedness. Sean Correll.

Supply Chain Efficiency 130

Supply Chain Efficiency Management supply chain budgeting Budget 130

Supply Chain Game Changer

OCTOBER 14, 2022

When you stand by your promise to consistently deliver merchandise on time, whether in stores or following online purchases, you create a reputation for reliability and trustworthiness, which can make customers return to you and choose your services over those of your competitors.

Supply Chain Efficiency 99

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Supply chain 99

NLPA (Next Level Purchasing Association)

AUGUST 23, 2022

Interested in Supply Management? Sourcing and Supply Management in the “New Normal”. Supply Management Contract Writing. Supply Risk Checklist. appeared first on Next Level Purchasing Association (NLPA). Table 2, Annual Strategy Review. We got you. Recommended Reading.

Procurement strategies 52

Procurement strategies Strategy Procurement Supply Chain Efficiency 52