Procurement Heads

APRIL 27, 2023

Collaboration and stakeholder engagement are much-used terms within procurement teams. But I think procurement leaders are often particularly skilled in this area; since it is often imperative to bring together different departments and stakeholders, for example, to agree on a specification or select a supplier.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply chain Stakeholder engagement 130

Procurement Heads

APRIL 27, 2023

Collaboration and stakeholder engagement are much-used terms within procurement teams. But I think procurement leaders are often particularly skilled in this area; since it is often imperative to bring together different departments and stakeholders, for example, to agree on a specification or select a supplier.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply chain Stakeholder engagement 130

Procurement Templates

MARCH 3, 2024

Stakeholder Engagement : It’s important to involve relevant stakeholders in the assessment process to ensure that their needs and preferences are considered. Stakeholders may include department heads, end-users, finance teams, and others who will be impacted by the procurement decisions.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Procurement Templates

SEPTEMBER 14, 2023

Procurement, often considered the gateway between an organization and its suppliers, plays a central role in this transformation. This involves selecting suppliers and partners who are committed to ethical and eco-friendly practices. Moreover, transparency and communication are critical in supplier relationships.

Sustainability 130

Sustainability Supply Chain Efficiency Procurement Ethics 130

Procurement Tactics

SEPTEMBER 14, 2022

Furthermore, logistics suppliers must look for a balance between environmental care, financial growth, and the health of society to achieve sustainable logistics. Stakeholders engagement. Engaging with stakeholders allows you to identify relevant areas within your company that can generate positive and negative outcomes. .

Sustainability 178

Sustainability Logistics Raw materials Supply Chain Efficiency 178

ivalua

DECEMBER 6, 2022

Nowadays, Procurement practitioners primarily talk about emerging topics like the reduction of scope 3 emissions, supplier-enabled innovation and supply risk management. The ultimate goal is to realize contracted savings and ensure that suppliers ‘perform to contract’. Treat your supplier as the expert, also in P2P-related matters .

e2e 130

e2e Suppliers Procurement Contract 130

Spend Matters

OCTOBER 4, 2024

TPRM is a huge opportunity right now, as document-centric approaches die when they reach the scale needed to perform supplier management (i.e., management of risk, compliance, performance, onboarding speed and supplier collaboration that respects/accommodiates supplier requirements) with fine-grained operating models.

Sustainability 112

Sustainability Spend management Real-time Visibility Supply Chain Optimization 112

Spend Matters

JULY 24, 2023

Happily, nearly all CPOs in the survey understand the power of digitization and cite it as the second most important priority after (unsurprisingly) supplier collaboration. Supplier management and enablement layer between all enterprise functions and third parties of all types.

supply chain budgeting 98

supply chain budgeting Budget Agile and Lean Supply Chain Risk 98

Future Purchasing

NOVEMBER 18, 2021

In some respects, business partnering has become the natural progression for Procurement teams to move from their traditional stakeholder engagement approach to a more sophisticated deeply embedded relationship status that identifies greater value for its stakeholder community.

Stakeholder engagement 52

Stakeholder engagement Procurement Procurement team Influencing 52

SCMDOJO

APRIL 26, 2023

This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money. This strategy also ensures strategic supplier relationship management as per the various categories. Read More: What Does a Procurement Manager Do?

Category management 108

Category management Management Supplier relationship management supply chain software solutions 108

Barkers Procurement

JANUARY 8, 2023

To manage categories successfully, you should respect several major principles of the practice: cross functional working, the use of facts and data, a strong supply market knowledge, open-ness to change and stakeholder engagement. When developing your category management strategy , you must have a comprehensive team of stakeholders.

Category management 52

Category management Management Market knowledge Stakeholder engagement 52

The Good Spending

AUGUST 23, 2022

Value creation as the result of stakeholder engagement The authors of Stakeholder Salience model built their work around the process of value creation. The value creation process includes: quality and customer service, supplier relationship, employee enrichment, community benefit, stockholder reward.

Procurement 98

Procurement supply chain budgeting Supply Chain Optimization Budget 98

SupplyShift

JANUARY 26, 2023

Companies can use this assessment to analyze their suppliers` risk profiles. The assessment results include a full set of information, documentation, and a risk score that make it easy for a company to understand supplier performance and risk. The assessment covers questions on all human rights & environmental risks (Sect.

supply chain software solutions 52

supply chain software solutions Supply chain Stakeholder engagement Supply 52

Procurement Software

SEPTEMBER 24, 2024

AI also excels in analysing bid data, flagging outliers, and automating supplier communication. Automating renewals, tracking contract spend, and flagging biased clauses in supplier agreements are also becoming common. These tasks previously required significant manual effort. The key takeaway?

Procurement 52

Procurement Supplier relationship management Bidding Contract 52

IBM Supply Chain Blog

DECEMBER 13, 2023

It can nurture collaborative partnerships with suppliers and integrate ethical and environmental (green purchasing) considerations into the sourcing strategy. Building strong supplier relationships to encourage favorable contracts and service is also a common goal. Some may not agree with the proposed changes.

Procurement strategies 65

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 65

The Procuretech Podcast

AUGUST 6, 2024

AI can automate many tactical tasks, such as spend analytics, sourcing, supplier management, and contract reviews, reducing the operational workload. Despite the efficiency AI brings, it cannot replace the essential soft skills required for effective supplier management and stakeholder engagement.

Category management 40

Category management Management Stakeholder engagement Contract management 40

Barkers Procurement

MAY 22, 2024

Increasing returns: Organisations engaging in ESG benefit from improved cost of finance and a circle of increasing returns. Innovation: Organisations engaging in ESG will work with innovative suppliers, and those that actively select suppliers with ESG principles will strengthen their tender position for key contracts.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Stakeholder engagement Sustainability 52

Spend Matters

DECEMBER 13, 2023

Intake covers anything that involves stakeholder engagement, such as the creation of a contract, sourcing event, new supplier, etc. Moreover, intake from these vendors tends to skew toward purchase requisitions and procure-to-pay rather than more holistic intake management.

Management 103

Management Stakeholder engagement Purchasing Sourcing 103

Barkers Procurement

JANUARY 4, 2023

Throughout the assignment, stakeholder engagement was key. Meetings with senior ICT members were held weekly to update on the progress of each project, along with weekly Procurement team meetings with the Chief Finance Officer, building awareness and securing engagement.

Procurement 52

Procurement Category management Project management Stakeholder engagement 52

Una

OCTOBER 26, 2023

Stakeholder engagement The procurement function can’t shift the dial on ESG alone. The role will also involve working with suppliers and external partners to align ESG goals and drive sustainable procurement practices. Cultivate relationships within your professional network to enhance your stakeholder engagement abilities.

Management 52

Management Procurement Supply Chain Efficiency Stakeholder engagement 52

Una

NOVEMBER 29, 2023

Supplier relationship management Dedicate time to nurturing and strengthening relationships with your key suppliers. This may involve seeking out new suppliers, optimizing supplier portfolios, and conducting competitive bids. Collaborate with these stakeholders to understand their needs, priorities, and expectations.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supplier relationship management Strategic sourcing 52

Barkers Procurement

SEPTEMBER 25, 2024

Once armed with this intelligence, opportunities to optimise may be explored, such as rationalising suppliers, strategically approaching a contract renewal or displacing current technologies with cost effective alternatives. But why does it matter so much that addressing technology spend is done properly?

Import 52

Import Negotiation Contract Suppliers 52

Procurify

MAY 24, 2022

You are staring at Excel sheets trying to make sense of the numbers before the important meeting with your largest supplier that starts in a few minutes. . When reviewing your current procurement strategy, here are some questions you should ask: Who are your suppliers? Who are your best-performing suppliers and who are the worst?

Procurement strategies 52

Procurement strategies Strategy Procurement Cost of ownership 52

Una

AUGUST 21, 2023

Stakeholder engagement First up, begin by engaging stakeholders from various departments, such as finance, operations, and ESG, at an early stage. Address potential risks linked to supplier relationships, new management goals, or spend mavericks. Risk management Consider the human influence on risk management.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Ethics 52

Empowering CPO

MAY 4, 2023

Enhanced collaboration: Digital tools facilitate real-time communication and collaboration between procurement teams, suppliers, and other stakeholders. Supplier management systems: Tools that help track, evaluate, and manage supplier relationships and performance.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 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.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Future Purchasing

NOVEMBER 10, 2021

When it comes to successfully implementing category management and supplier management, it is apparent that those procurement teams that have developed their coaching skills have the edge. Embedding category management and supplier management is challenging for most organisations, so how might coaching have a high impact?

Category management 52

Category management Management Leadership Stakeholder engagement 52

The Good Spending

MAY 13, 2024

How did procurement award contracts to at least two suppliers who relied on iSoft without a working platform? Was there any SRM or stakeholder engagement? Poor program management? Technological failures? Contract management is another miserable story. Risk management? Change management? Cost control?

Procurement 64

Procurement Contract Stakeholder engagement Negotiation 64

TYA Suite

JULY 17, 2024

This strategy outlines the methods and processes for selecting suppliers, negotiating contracts, , and ensuring that procurement activities align with the organization’s overall goals and objectives. Emphasizes long-term relationships with key suppliers based on mutual value creation. to meet the unique needs of each category.

Procurement strategies 40

Procurement strategies Strategy Supply Chain Efficiency Procurement 40

NLPA (Next Level Purchasing Association)

OCTOBER 16, 2024

Ready to improve your stakeholder management skills? Explore our courses for advanced techniques and tools to elevate your procurement expertise.

Supplier relationship management 52

Supplier relationship management Leadership Strategy Procurement 52

Future Purchasing

OCTOBER 4, 2022

Spend : Profile historic and future spend profiles for all major categories, segmenting by business units and major suppliers as a minimum. Supply Market Analysis : Segment the supply market and understand how current and potential suppliers serve current categories and emerging requirements.

Category management 52

Category management Collaboration Real-time Visibility Management 52

Barkers Procurement

MARCH 8, 2022

Attributes such as drive, leadership and the value adding skills which enhance stakeholder engagement and positive outcomes for an organisation. Manage the supplier relationships within the constraints of the particular organisations, and always be mindful of challenge rather than fearful of it.

Leadership 52

Leadership Procurement Contract Stakeholder engagement 52

Skill Dynamics

NOVEMBER 13, 2023

To secure their buy-in, you will need to be able to establish an engaging vision for the training program you want to introduce, and effectively communicate its benefits to the members of your team. At Skill Dynamics, each learner within a business that partners with us undergoes a skills gap assessment.

Strategy 52

Strategy Stakeholder engagement Supply Chain Efficiency Data 52

Empowering CPO

JUNE 26, 2023

Spend analysis refers to the process of examining and categorizing an organization’s spending patterns, supplier relationships, and purchasing behavior to identify opportunities for cost reduction, process improvement, and strategic decision-making. Data-Driven Decision-making: Informed decision-making is crucial in healthcare.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Supplier consolidation 52

The Procuretech Podcast

OCTOBER 12, 2022

That becomes a very interesting stakeholder engagement learning experience. It wasn't the largest supplier in that space. But they could go forward with what they had: Subject matter experts, the right kind of supplier relationships, a platform that clients could use. It wasn't the largest supplier in that space.

supply chain budgeting 40

supply chain budgeting supply chain software solutions Supply chain Supply 40

Pipefy

MAY 29, 2024

Common reasons for rejecting a change include: Poor change design Inadequate communication Lack of stakeholder engagement Insufficient training Some proposed changes may be poorly designed, but even well-designed transitions can be rejected because they do not solve their intended issues.

Change management 52

Change management Management Real-time Visibility Stakeholder engagement 52

TYA Suite

NOVEMBER 25, 2024

By prioritizing suppliers who demonstrate a commitment to sustainability, organizations can foster a marketplace that values not just profitability but also the well-being of communities and ecosystems. Sustainable procurement fosters stronger relationships with suppliers who share similar values.

Sustainability 40

Sustainability Import Supply Chain Efficiency Procurement 40