Jaggaer

MARCH 24, 2025

With numerous options available across the source-to-pay spectrum, weve compiled the top three key technologies CPOs should embrace in 2025: 1. These procurement technologies empower teams to move beyond traditional methods, using data-driven insights for smarter sourcing, demand forecasting, and risk management.

Procurement 52

Procurement Supply Chain Optimization Real-time Visibility supply chain budgeting 52

Una

NOVEMBER 1, 2022

Benefits of Strategic Sourcing and Best Practices. These “back-office” workers were seen primarily as clerical support, entering and tracking purchase orders and researching suppliers. In doing so, procurement professionals are ascending the corporate stairs to have a more visible seat in their business’s strategic sourcing.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

SCMDOJO

DECEMBER 14, 2023

In the global world of businesses, companies often seek help from sourcing agencies to figure out how to get the things they need. But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s explore this world of sourcing agencies and understand what they do.

Sourcing 104

Sourcing Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 104

Una

MARCH 23, 2023

Pain Points in Procurement Series Improving Time-to-Source in Procurement Improving time-to-source in procurement can lead to greater customer satisfaction, streamlined sourcing processes, and increased cost savings. How to improve time-to-source in procurement But how can we speed up time-to-source?

Sourcing 98

Sourcing Procurement Procurement team Contract 98

SCMDOJO

FEBRUARY 21, 2025

Increased costs due to emergency sourcing. Damaged supplier relationships and business reputation. A well-defined procurement strategy doesnt just mitigate risksit adds significant value to your organization : Cost Savings: Strategic sourcing and supplier negotiations reduce procurement costs.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 59

Let's Talk Supply Chain

FEBRUARY 27, 2025

The impending transformation, outlined in a recent report by Supply and Demand Chain Executive, is set to reshape the vrey foundation of ‍how goods and services are sourced, ‍managed, and delivered. Diversification: Diversify your supplier base to spread risk and take advantage of different pricing structures.

Supply Chain Optimization 52

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

Procurement Tactics

FEBRUARY 19, 2023

Sourcing suppliers ChatGPT can help procurement professionals to identify potential suppliers by analyzing supplier data. Additionally, it can identify potential suppliers based on their industry, location, or product/service offerings. Here are some ways ChatGPT can help procurement professionals: 1.

Procurement 287

Procurement Market analysis Contract Suppliers 287

Procurement Software

MAY 21, 2024

But, this then begs the question, what about negotiation? Could AI replace the need for procurement professionals in negotiations? AI, procurement and supplier negotiations: where is this going? In addition, apps like Pactum can also be used for negotiating simple legal documents like Non-Disclosure Agreements (NDA).

Supplier negotiation 52

Supplier negotiation Negotiation Suppliers Procurement 52

Procurement Tactics

APRIL 17, 2023

Usually, market research covers sourcing for new available suppliers. Depending on the business, a sourcing specialist can help them in identifying new sources of supplies. Negotiation Phase Perhaps, the negotiation phase is the most challenging yet exciting part of the procurement process.

Sustainability 201

Sustainability Procurement Negotiation Bidding 201

SCMDOJO

FEBRUARY 16, 2025

Keelvar Keelvar specializes in autonomous procurement and supplier negotiations, making sourcing more efficient and cost-effective. Analyzes supplier performance, market trends, and contract terms. Identifies bottlenecks and suggests alternative shipping routes. Communicates with port authorities to minimize delays.

Supply Chain Efficiency 73

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 73

Spend Matters

MARCH 25, 2025

Organizations must integrate procurement into enterprise-wide decision-making processes to foster collaboration, ensuring that procurement leaders are actively involved in budgeting, supplier negotiations and technology adoption discussions.

Stakeholder engagement 94

Stakeholder engagement Management Procurement Influencing 94

Procurement Insights

MARCH 16, 2025

Smart Supplier Recommendations & Risk Analysis AI models track historical supplier interactions, contract performance, and risk factors to provide real-time recommendations. MCP ensures that previous supplier evaluations, compliance issues, and sustainability scores are factored into ongoing sourcing decisions.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

Una

AUGUST 31, 2023

Overcoming Challenges with Strategic Sourcing for SMEs Explore how strategic sourcing for SMEs can help procurement professionals overcome the unique challenges of operating a small business. Should smaller organizations stay in their lane and concentrate on day-to-day tactical sourcing?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supplier relationship management 52

Procurement Insights

JANUARY 3, 2025

20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management. Analytics and insights from procurement data were minimal.

Agile and Lean Supply Chain 52

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

World of Procurement blog

MAY 8, 2024

Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. What is Procurement?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Una

MARCH 6, 2023

Innovation” can simply mean finding smarter ways to do things by tweaking a process, removing waste, or speeding up time-to-source. Procurement process automation can involve anything from automated supplier discovery, risk monitoring, payment processing, spend analytics , and contract approval.

Purchasing 98

Purchasing Innovation Agile and Lean Supply Chain Supplier relationship management 98

Jaggaer

MARCH 6, 2025

RESEARCH TRIANGLE, NC, March 6th, 2025 JAGGAER, the global leader in Autonomous Commerce, today announced it has achieved SOC 2 Type II certification for its Advanced Sourcing Optimizer (ASO) solution and ISO 27017 certification across its comprehensive suite of SaaS solutions.

Sourcing 52

Sourcing Supplier negotiation Strategic sourcing Strategic sourcing 52

Pipefy

FEBRUARY 13, 2023

One of the tactical processes leveraged to realize strategic goals is the source-to-pay process. Here’s everything you need to know about source-to-pay, from what it looks like in practice to how source-to-pay automation can improve procurement efficiency. When is source-to-pay used?

Sourcing 52

Sourcing e2e Purchase orders Bidding 52

ivalua

OCTOBER 8, 2021

Rather than relying on store managers to navigate local purchases, Procurement can add value by organizing the effort, evaluating and sourcing local suppliers, negotiating best pricing and delivery options, and automating the process by using technology to simplify inventory management at the local level. Attack GNFR Spend.

Procurement 130

Procurement Supply Chain Optimization Procurement team Purchasing 130

Procurement Tactics

JUNE 28, 2023

By applying historical data on pricing, quantities, and terms, it enables organizations to negotiate favorable terms with suppliers. It provides an opportunity for organizations to prove that they comply with sustainability and ethical sourcing standards.

Supply Chain Efficiency 178

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

Una

OCTOBER 9, 2023

How to Implement a Strategic Sourcing Process A play-by-play manual showing how to implement a strategic sourcing process that aligns with your organization’s goals, optimizes spend, and creates long-term value. At its core, strategic sourcing formalizes the process of finding, assessing, and choosing suppliers.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

CPO Rising

FEBRUARY 3, 2023

Fridays (in 2023) means that it’s time for another CPO Rising Listicle. Each list will include a variety of procurement tips, trends, insights, research, lists, strategies, and/or recommendation designed to help procurement teams improve operations. We’ll also include a summary graphic for you to share with your team.

Supplier negotiation 52

Supplier negotiation Negotiation Suppliers Procurement team 52

SCMDOJO

FEBRUARY 26, 2025

indicates cost inefficiency, signaling a need for supplier negotiations or alternative sourcing strategies. Example: If a company planned to procure materials worth $100,000 but ended up spending $120,000. The CPI calculation would be: CPI =100,000/120,000 = 0.83. A CPI of 0.83

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Raw materials 52

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.

Management 178

Management supply chain budgeting Procurement Negotiation 178

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. That’s why we’re urging the profession to expand the focus beyond cost to unearth other sources of value. Great question!

Procurement 104

Procurement Supply Chain Efficiency Procurement team Sustainability 104

Procurement Insights

MARCH 17, 2025

Heres the breakdown: Overview ProPurchaser : Focus : Provides marketplace intelligence to enhance negotiation outcomes. Core Offering : Tracks commodity prices, production costs, and market trends to arm procurement teams with data for better supplier negotiations. large enterprises, strategic sourcing).

Negotiation 52

Negotiation Procurement team Real-time Visibility Cost of ownership 52

CPO Rising

JANUARY 12, 2024

Editor’s Note: Over the next few weeks on CPO Rising, we’re publishing some “best of” 2023 articles as we reflect on the year and prepare for the new year ahead. Fridays (in 2023) means that it’s time for another CPO Rising Listicle. Each list will include a variety of procurement tips, trends, […]

Supplier negotiation 52

Supplier negotiation Negotiation Suppliers Procurement 52

Una

NOVEMBER 8, 2023

Pain Points in Procurement Explore a collection of resources depicting common pain points in procurement and how sourcing professionals can implement actionable solutions to overcome these challenges. Explore ways to rectify the procurement talent shortage by attracting and keeping top sourcing candidates.

Procurement 52

Procurement Supplier negotiation Influencing Negotiation 52

Positive Purchasing

DECEMBER 5, 2024

The role of technology: how tech tools enhance negotiation planning, streamline processes, and support better outcomes. Preparing for negotiations: key steps during the RFX process to set up supplier negotiations for success. To dive deeper into these topics, click below to replay the full webinar recording.

Negotiation 52

Negotiation Supplier negotiation Procurement Strategic sourcing 52

Procurement Insights

DECEMBER 6, 2024

” (Source: CEIBS ) I use The following process to determine if I want to advise, work with, or mentor a particular ProcureTech solution provider. This lecture focuses on best practices in preparing for supplier negotiations, emphasizing the importance of cost transparency and strategic negotiation techniques.

Supply Chain Efficiency 52

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

Una

NOVEMBER 16, 2022

The centralized procurement team scopes out the project, approaches the market, evaluates suppliers , negotiates a volume discount, and awards the contract to a single supplier. For example, a company decides to standardize its cleaning services across 20 different office locations. Longer delivery and turnaround times.

Procurement 98

Procurement Purchasing Procurement team Supplier negotiation 98

The Good Spending

APRIL 2, 2023

Indeed, some colleagues find it simpler to dedicate themselves to tireless supplier negotiations and measure the value creation in savings. My Udemy course "Adaptive Sourcing: Agile Procurement in Practice." Unfortunately, that only has a marginal effect, as if we were curing the symptoms of a disease and not its cause.

Procurement 98

Procurement Demand Planning Budget Category management 98

Jaggaer

JULY 2, 2020

Supplier negotiation skills are essential for anyone working in procurement. It’s become standard for companies to train their employees on negotiation tactics to get better deals from suppliers, but these skills are also useful outside of the buyer -supplier relationship. Supplier negotiation isn’t easy.

Negotiation 71

Negotiation Supplier negotiation Procurement Suppliers 71

SCMDOJO

OCTOBER 7, 2024

The holistic approach requires that accentuates the role of Cost Efficiency vs Cost Effectiveness in every aspect of the supply chain, from planning, sourcing, and operations, to logistics and distribution. Cost and profitability are the vital component of any successful business.

Supply Chain Efficiency 92

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 92

SCMDOJO

SEPTEMBER 18, 2023

Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. Sourcing plays a crucial role in building strong supplier relationships and achieving cost-effectiveness in the supply chain.

Procurement 105

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

Procurement Insights

MAY 6, 2024

General ROI Forecast Nearly 70% of a typical company’s revenue goes back out the door to its suppliers. Every dollar saved in supplier negotiations falls 100% to the corporate bottom line. Some industry experts indicate that negotiating or renegotiating contracts lead to savings of between 5% to 25%.

Negotiation 85

Negotiation Supplier negotiation Suppliers Contract 85

Procurement Templates

APRIL 15, 2024

This can be beneficial in procurement when building relationships with suppliers, negotiating deals, and resolving conflicts. Communication: Good communication skills are often associated with extraversion, which can aid in conveying requirements clearly to suppliers and understanding their offerings effectively.

Influencing 130

Influencing Negotiation Innovation Risk 130