ivalua

MARCH 28, 2019

capturing and exploiting innovation from supply markets and individual suppliers becoming a top priority for organisations and therefore procurement functions.

Procurement 167

Procurement Agile and Lean Supply Chain Real-time Visibility Innovation 167

ivalua

MARCH 9, 2023

Downstream activities include e-procurement , purchase orders, invoice automation and accounts payable and payment processes. Purchasing is also where value is captured (i.e., Purchasing is also where value is captured (i.e.,

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

Spend Matters

FEBRUARY 13, 2025

Procurement later worked with Finance to evaluate the supply market, create and issue an RFP and select a leading company in this area to conduct the audit. My point, Ron concludes, is that you have to be flexible and able to adjust when the business environment requires it.

Influencing 103

Influencing Procurement supply chain budgeting Strategic sourcing 103

Procurement Tactics

JUNE 7, 2023

A sustainable procurement strategy considers the environmental, social, and economic impacts of purchased or created products and services throughout their entire lifecycle. It outlines the organization’s procurement objectives and directions will be carried out through a detailed action plan.

Procurement strategies 171

Procurement strategies Sustainability Strategy Procurement 171

SCMDOJO

APRIL 26, 2023

Steps to Keep in Mind when Implementing a Category Management Strategy Know your supply market and product positioning to leverage spending and create opportunities. Well, in-depth knowledge of the supply market will inform the best category management strategy. Sustainable/ethical procurement.

Category management 108

Category management Management Supplier relationship management supply chain software solutions 108

Una

NOVEMBER 7, 2022

Procurement can act as the gatekeeper of supplier innovation and the vital connection between all the parties involved in the purchase decision. CIPS recommends that procurement engages in “innovation scouting” to build supply market intelligence by hosting supplier innovation days, workshops, or hackathons. Related Posts.

Innovation 93

Innovation Procurement Suppliers Purchasing 93

Procurement Heads

DECEMBER 16, 2022

The management and the role have grown from a simple purchaser of goods into a more modern and more mature procurement function and I guess I have seen and been part of that over the years. We now support the whole supply chain really from the initial sourcing activity right the way through to contract termination, so the whole lifecycle.

Contract 130

Contract Procurement Sustainability Purchasing 130

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. Two that really stood out were “ bean-counters ” and “ penny-pinchers ”.

Procurement 104

Procurement Supply Chain Efficiency Procurement team Sustainability 104

SCMDOJO

FEBRUARY 13, 2023

The procurement department is an integral part of any organization, playing a crucial role in the purchasing process. To get the most out of any procurement team, all the associated key roles need to be filled with qualified individuals that understand both technology and the principles of supply chain management.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

Procurement Leaders

MARCH 26, 2024

To fully benefit from the innovation potential of a supplier network, buyers should ensure following conditions are in place: Strong competences in supplier / supply market scouting of the innovation potential,to bring innovative solutions from the supply base to the business.

Suppliers 130

Suppliers Product development Supply Chain Efficiency supply chain budgeting 130

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

ivalua

OCTOBER 1, 2019

The task of processing thousands of purchase orders may be executed “efficiently”, but there may well be more effective ways of managing this need – for instance, users having access to online guided buying catalogues. Effectiveness covers what we might consider the traditional aspects of Procurement.

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain Procurement Innovation Supply Chain Efficiency 100

Spend Matters

MARCH 11, 2025

While the imposition of import/export tariffs on goods is nothing new, the recent spate of quid pro quo mandates is increasing complexity and uncertainty for organizations trying to navigate their impact on supply chains.

Supply Chain Optimization 79

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 79

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

Future Purchasing

OCTOBER 4, 2022

Category management is the strategic end-to-end process for managing categories of related supplier spend that aligns business goals and requirements with supply market capability. It creates cost efficiencies across spend categories and minimises supply risks through improved supplier selection. Improvement opportunities.

Category management 59

Category management Strategic sourcing Strategic sourcing Sourcing 59

Supply Chain Game Changer

SEPTEMBER 13, 2022

The electrical supplies markets, with their global dependencies, were hit hard. As a contractor, you will need innovative strategies to navigate the resulting supply chain challenges. Join a group purchasing program like Raiven or Avendra. To date, consumer demand remains strong.

Price 85

Price Supply chain Supply Raw materials 85

Claritum

MARCH 10, 2020

Typical Steps Associated with Category Purchasing. Assessing the risks and impact on profitability for purchases within any Category. Depending on the nature of the purchase, within a category, there will be different levels of a supplier relationship. With key strategic purchases involving cross-functional senior team members.

Procurement 41

Procurement Supply Chain Efficiency Purchasing Category management 41

Claritum

FEBRUARY 24, 2020

Typical steps associated with a project purchasing process. The project could include volume purchases, small purchase volumes, standard items, specification of unique one-off items and tailoring of items based on individual projects. 2 Typical steps associated with a project purchasing process. when should I use it?

Procurement 41

Procurement Purchasing Suppliers Sourcing 41

Una

JUNE 8, 2023

Also known as the Purchasing Portfolio Matrix, the Kraljic Matrix helps companies understand the importance and impact of different products or services they purchase and develop appropriate procurement strategies. The focus for these items is usually on building strong relationships with suppliers and ensuring a stable supply chain.

Suppliers 52

Suppliers Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 52

Barkers Procurement

JUNE 8, 2023

This means the different departments, business units and, if any, plants, and could include e-procurement systems, general ledgers, purchasing cards and accounts payable. Data can become easily siloed, so don’t just rely on your purchasing team or procurement team. Don’t cut any corners when conducting this data audit.

Procurement 52

Procurement Suppliers Data Purchasing 52

Procurement Heads

APRIL 26, 2023

I sit in the supply-facing team, in digital and talent and specifically in the innovation team: our team drives new ways of doing procurement by digitising our ways of working, leading strategic category transformations and bringing impactful supply market insights. I find this growth space fascinating.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Procurement Heads

APRIL 26, 2023

I sit in the supply-facing team, in digital and talent and specifically in the innovation team: our team drives new ways of doing procurement by digitising our ways of working, leading strategic category transformations and bringing impactful supply market insights. I find this growth space fascinating.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Positive Purchasing

MAY 19, 2022

There is a tremendous opportunity to digitize and automate most, if not all, data collection: external supply market insights, internal data, perspectives from stakeholders, and other intelligence. appeared first on Positive - Procurement transformation, expert training for improved purchasing and procurement.

Category management 52

Category management Management Procurement Strategy 52

Future Purchasing

OCTOBER 4, 2022

Supply Market Analysis : Segment the supply market and understand how current and potential suppliers serve current categories and emerging requirements. Learnings : Review learnings from previous years’ category management activities with stakeholders and use them to drive improvement.

Category management 52

Category management Collaboration Real-time Visibility Management 52

Jaggaer

MARCH 23, 2020

Gartner also comes with a prediction: “By 2021, augmented analytics will be a dominant driver of new purchases of A&BI and DSML platforms, and of embedded analytics.” And that, of course, includes procurement professionals. So, let’s examine Gartner’s words in more detail, but from the specific perspective of procurement.

Procurement 78

Procurement Data Sourcing supply chain software solutions 78

Claritum

MARCH 10, 2020

Assessing the risks and impact on profitability for purchases within any Category. Depending on the nature of the purchase, within a category, there. relationship focusing on supply chain optimisation, innovation and risk. establishing multiple competitive supply arrangements. From a very close. From a very close.

Procurement 32

Procurement Supply Chain Efficiency Category management Purchasing 32

Claritum

FEBRUARY 24, 2020

The project could include volume purchases, small purchase volumes, standard items, specification of unique one-off items and tailoring of items based on individual projects. There are also time dependencies within a project procurement activity, where purchases need to occur in chronological order for the project to run smoothly.

Procurement 32

Procurement Purchasing Suppliers Sourcing 32

Sourcing and Supply Chain

JUNE 24, 2021

Generally, Category strategy starts with category profiling in any organization considering the factors as Business impact and Market complexity. Business Impact – Total Purchase Cost of the category as % of Total Spend Market Complexity – Positioning of Buyer vs Sellers relative to each other in the marketplace.

Category management 52

Category management Management Procurement Market analysis 52

Zycus Cognitive Procurement

JANUARY 12, 2021

Collaborative sourcing is not devaluing traditional sourcing approaches but the embedding of more robust category strategies, more penetrating views of supply markets to enable stronger supplier relationships. Also, when supplies are urgently required waiting a week for a paper signature does not make sense.

Contract 52

Contract Sourcing Chief Procurement Officer Contract management 52

Jaggaer

JULY 23, 2019

Supply chains are multi-tiered and therefore difficult to manage. In recent years, these complex supplier networks have posed difficult challenges for the purchasing teams that are charged with ensuring that goods are made at the right price, are delivered on time and meet the right ethical and quality standards.

Suppliers 40

Suppliers Sourcing Management Supply Chain Efficiency 40

Spend Matters

NOVEMBER 2, 2023

Beroe for supply market intelligence) that’s woven into the solutions to enhance better decision making. While very eye-catching, the results seemed generic, but we can certainly see how the ‘outside-in’ content from the evolving LLM landscape can mesh with third-party partner content (e.g.,

Networking 114

Networking Spend management Suppliers Supply Chain Optimization 114

Planergy

AUGUST 16, 2022

Consider Implementing Cost Reduction Teams These teams are typically composed of individuals from different areas of the organization, such as purchasing, engineering, and quality assurance. Use PLANERGY to manage purchasing and accounts payable. Learn best practices for purchasing, finance, and more. Download PDF.

Suppliers 52

Suppliers Management supply chain budgeting Supplier relationship management 52

Claritum

JUNE 13, 2019

So, let’s start this article by breaking down the domains by nature of purchases. Manufacturing supply. Supply of parts for a product. Process supply (commodities). Purchasing raw materials that are needed within a process industry (for example oil or chemicals). Marketing Supply (Hard). Resourcing.

Procurement 32

Procurement Supply Chain Efficiency Raw materials supply chain software solutions 32

TYA Suite

NOVEMBER 25, 2024

In simple terms, strategic-sourcing helps companies make smarter purchasing decisions by focusing on the long-term benefits and working with suppliers that can help them succeed over time. This means looking closely at where the money is going, which products or services are being purchased, and which suppliers are being used.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 40

Empowering CPO

JULY 2, 2023

How Procurement Fits into a Business’s Operations In the broader context of business operations, procurement is the crucial link between an organization’s internal needs and the external supply market. Moreover, procurement is often directly involved in achieving strategic business goals.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

The Good Spending

AUGUST 17, 2023

You may analyze your analytical assumptions and patterns, negotiation planning, and supply market study from the post-mortem perspective and rectify false practices for the future. Audit trail An audit trail is a step-by-step record by which purchase orders, contracts, and payments can be traced to their source.

Sourcing 52

Sourcing Strategy Import Strategic sourcing 52

Spend Matters

AUGUST 10, 2023

Tail spend refers to the volume of unmanaged, lower-value, everyday purchases that account for most of an organization’s transactions and a significant portion of overall spend. A global/regional presence with sourcing operations close to users and supply markets.

Spend management 98

Spend management Management e2e Vendor management 98