Procurement Templates

MARCH 3, 2024

I asked my assistant to help me mock up a strategic sourcing framework and she did a fairly good job but made a few mistakes. A RFQ is used for low cost purchases and a PQQ is typically used for higher cost tenders. Risks may include budget constraints, supply chain disruptions, quality issues, legal compliance, etc.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Jaggaer

FEBRUARY 5, 2025

What Is Strategic Sourcing? A Complete Guide Strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. Which Suppliers Are Truly Strategic? Strategic sourcing makes sense for suppliers that are of strategic importance to your organization.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Efficiency Sourcing 52

Procurement Templates

DECEMBER 11, 2024

Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Savings can be cashable or non cashable i.e. cost avoidance. Create Contingency Plans: Develop risk management protocols for supply disruptions and emergencies.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

World of Procurement blog

MAY 8, 2024

It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. In summary, procurement is a strategic function focused on maximizing value, reducing costs, and building competitive advantage.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Spend Matters

FEBRUARY 13, 2025

Identifying the need for foundational technology and processes Before joining Utz as its SVP Procurement, Ron had been consulting with the Supply Chain department working on a number of different projects. In addition, the broader supply chain organization was working to implement other new tools and processes.

Influencing 64

Influencing Procurement supply chain budgeting Strategic sourcing 64

SCMDOJO

APRIL 26, 2023

Category Management as a Strategic Procurement Function Category management is regarded as a strategic procurement function as it helps drive value for the organization, such as reduced prices and costs, supply chain risks and timescales and focusing on building supplier relationships.

Category management 108

Category management Management Supplier relationship management supply chain software solutions 108

Una

OCTOBER 26, 2023

From being seen as a compliance-related cost-center, ESG is now understood as a source of potential value generation. Reducing plastic packaging, for example, will not only help meet environmental targets, but will reduce costs and improve brand perception among environmentally-conscious consumers.

Management 52

Management Procurement Supply Chain Efficiency Stakeholder engagement 52