Spend Matters

SEPTEMBER 24, 2024

In a recent discussion , Spend Matters Senior Analyst Bertrand Maltaverne and Arkestro Founder and CSO, Edmund Zagorin explored the nuances of procurement strategies, focusing on both traditional methods involving multiple suppliers and innovative approaches that leverage single-supplier engagements effectively.

Strategy 114

Strategy Procurement Strategic planning Suppliers 114

Supply Chain Game Changer

JULY 10, 2019

Supplier Collaboration is a Win-Win Strategy! Supplier Relationship Management (SRM) is the hallmark of the Modern Procurement Function. In this article we are providing our list of 10 strategies for effective Supplier Relationship Management: Understand and Accommodate Supplier Interest. Help Suppliers succeed.

Supplier relationship management 67

Supplier relationship management Suppliers Strategy Management 67

Procurement Leaders

AUGUST 25, 2023

By benchmarking leading organisations alongside others, Procurement Leaders’ Strategic Planning Guide 2024 research reveals the measures procurement chiefs can take to ensure their functions perform at the highest possible level.

Procurement 130

Procurement Strategic planning Influencing Procurement team 130

Procurement Leaders

MARCH 6, 2023

Procurement Leaders’ Strategic Planning Guide 2023 found that, for the first time ever, cost was not considered to be the function’s most important priority – coming a close second behind reducing supplier risk. It’s always going to be sexy to save money. The question is: what are the other areas on which we can focus?”

supply chain budgeting 189

supply chain budgeting Suppliers Risk Procurement 189

Procurement Leaders

APRIL 2, 2024

What are the ultimate goals of those negotiations with suppliers? Why are they spending time building relationships with certain suppliers and not others? The provocation enabled us get back to strategy, think about how our decisions affect our stakeholders, suppliers and the communities we do business in,” the CPO shared.

Chief Procurement Officer 130

Chief Procurement Officer Strategic planning Strategy Collaboration 130

Let's Talk Supply Chain

MARCH 5, 2025

Join us as we delve into the intricate world of borderlands Mexico, where strategic planning and logistical prowess reign supreme in the ‍fight for economic resilience. in a dynamic trade environment, where tariffs can fluctuate rapidly, strategic planning is paramount for businesses operating in the region.

Supply Chain Optimization 52

Supply Chain Optimization Agile and Lean Supply Chain Supply chain Strategic planning 52

Procurement Templates

APRIL 15, 2024

Stage 3: Build Relationships Days 21-30 Supplier Engagement: Identify key suppliers and initiate relationship-building activities, including meetings and performance reviews. Negotiation Strategies: Develop negotiation strategies to achieve better terms, prices, and value from suppliers.

Procurement team 130

Procurement team Contract management Innovation Contract 130

Let's Talk Supply Chain

FEBRUARY 25, 2025

The‍ situation highlights the importance of adaptability and strategic planning for businesses involved in international trade.To With the ongoing trade‍ tensions between the two economic giants, businesses are faced with heightened financial risks that require strategic planning and proactive measures to mitigate.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Strategic planning 52

Procurement Leaders

SEPTEMBER 8, 2022

Procurement executives anticipate staffing problems to persist throughout 2023; 41% of respondents to the Strategic Planning Guide 2023 highlighted that skills shortages as barrier to success while the same proportion considered a lack of dedicated headcount as an impediment.

Supply Chain Efficiency 195

Supply Chain Efficiency Procurement team Buyers Procurement 195

ivalua

APRIL 12, 2019

That is the data around spend, suppliers, contracts and so on that provides the ammunition or the fuel for AI to work on. It can; Retrieve information on spend, suppliers, etc. Noël talked about value again (“with a capital V”) and working with ecosystems, not just suppliers. Help build a shopping cart.

Procurement team 176

Procurement team Data Contract Suppliers 176

Jaggaer

DECEMBER 12, 2024

enables procurement, finance and supply chain to collectively boost cost savings, make better decisions, and accelerate digital innovation RESEARCH TRIANGLE, NC – JAGGAER , a global leader in enterprise procurement and supplier collaboration, today announces the 24.3 JAGGAER One 24.3 version of its JAGGAER One platform. Version 24.3

Supply Chain Optimization 52

Supply Chain Optimization Bill of materials Supply Chain Efficiency Contract 52

Procurement Heads

MARCH 15, 2023

moments, whether it be with suppliers, customers or investors. UKHSA recognise that both as an organisation and within our supplier and partner ecosystems we can make a contribution towards sustainable development and this commitment falls in line with UKHSA’s strategic goals and priorities, including our centre for climate change.

Agile and Lean Supply Chain 246

Agile and Lean Supply Chain Sustainability Contract Leadership 246

Procurement Leaders

JULY 1, 2024

Yet preliminary findings from our ESG glide path research ( participate in the survey ) indicate that more than one-quarter of procurement teams do not currently collect upstream emissions data about their suppliers and, of those that do, only half use primary data obtained from suppliers directly.

Collaboration 130

Collaboration Raw materials Agile and Lean Supply Chain Procurement team 130

Procurement Tactics

JANUARY 9, 2023

Sustainability transformation necessitates a great understanding of new technologies, strong engagement with stakeholders and suppliers, and huge investments in sustainability. . As a business, you have suppliers that support your goal. Including them in your plan will efficiently help you achieve sustainability. .

Sustainability 210

Sustainability Collaboration Strategy Suppliers 210

SCMDOJO

OCTOBER 30, 2024

Enhancing Collaboration Capabilities Supply chain management is inherently collaborative, often requiring coordination between suppliers, manufacturers, distributors, and retailers. By engaging in these simulated environments, students gain practical experience in decision-making, strategic planning, and crisis management.

supply chain budgeting 97

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 97

Procurement Tactics

AUGUST 15, 2022

Over forecasting and canceling orders can damage your relationship with your suppliers which will result in disruption in the organization. Organizations benefited from supply chain planning as it improves operations by reducing waste, planning demands, and standardizing procedures. . Supply Chain Planning Process.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply Chain Optimization Supply chain Supply 130

Procurement Tactics

JULY 14, 2022

These include strategic planning, supplier collaboration, implementing best practices , strategic sourcing , and negotiation. . Procurement service providers are effective and experienced third-party organizations that facilitate the relationship between buyers and suppliers. Frequently asked questions.

Procurement 130

Procurement Supply Chain Efficiency Negotiation Strategic planning 130

Procurement Insights

FEBRUARY 24, 2025

That means eliminating emissions from their suppliers as well as how their customers use their products. Theres just one big problem: companies dont control the operations of their suppliers. Suppliers must see tangible returns; otherwise, a well-intentioned initiative has little chance of success.

Influencing 52

Influencing Procurement Suppliers supply chain software solutions 52

Supply Chain Game Changer

NOVEMBER 13, 2018

Check out How To Differentiate With A Supplier Relationship Management (SRM) Program! Though the phrase partnership is often used, what really constitutes a strategic supplier partnership? What are the essential attributes of a true partnership between a supplier and their customer/partner?

Suppliers 64

Suppliers Supply Chain Efficiency Supplier relationship management supply chain software solutions 64

Procurement Leaders

JULY 9, 2024

To drive change in ESG demands long-term, strategic plans between buyers and suppliers; plans that require significant capital expenditure and, in many cases, deep inter-company collaboration. The arguments are fierce, with threats of litigation being thrown around already.

Sustainability 130

Sustainability Strategic planning Influencing Buyers 130

Arkestro

MARCH 20, 2025

Alan has previously held leadership roles in finance, operations, procurement, supply chain, and sales, directing high-performance teams through strategic planning and expansion. As the former Chairman, President, and CEO of J M Smith Corporation, he led the fourth-largest pharmaceutical distribution and technology company in the U.S.,

Supply Chain Efficiency 52

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

Jaggaer

OCTOBER 24, 2024

9 Steps to Improving Supplier Collaboration for Competitive Advantage The strategic value of suppliers has been growing, and so has the need to rely on their performance and partnership. Supplier collaboration serves as the foundation for supply continuity, agility, risk management, and resilience when disruptions occur.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Agile and Lean Supply Chain 52

Procurement Templates

MARCH 3, 2024

Market Research : Conducting research on available suppliers, products, and market trends is essential for making informed procurement decisions. This involves assessing suppliers’ capabilities, pricing, quality standards, and reputation. Assess supplier performance, capabilities, reliability, and overall value delivered.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

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

Procurement Heads

JUNE 28, 2022

Great businesses have always looked to procurement for a balanced scorecard across the strategic planning cycle. Commercial functions are beginning to see the benefits of being really specific with suppliers. But that balanced scorecard has always been there in the best procurement organisations.

Chief Procurement Officer 130

Chief Procurement Officer Supply Chain Optimization supply chain budgeting Innovation 130

Procurement Heads

JUNE 20, 2023

So, while we as a company have robust tools in place, not all of our suppliers are equally positioned. Do we have suppliers approved? Or do we run the risk that we will lose capable innovative suppliers from the defence industrial base, which is to me very concerning. They are small, disadvantaged, diverse businesses.

Supply Chain Efficiency 244

Supply Chain Efficiency Supply chain Procurement Collaboration 244

Let's Talk Supply Chain

FEBRUARY 25, 2025

Supplier Collaboration: Building strong partnerships with suppliers to enhance transparency and communication. Strategic Planning: A forward-thinking approach to supply chain management, including forecasting, risk management, and cost optimization, is crucial for long-term success.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supply chain Ethics 52

Procurement Tactics

MARCH 27, 2023

Forecasting enables companies to have better insights to make robust strategic planning that will ensure that suppliers can meet your demand. Seasonality of products and supplier lead times Not taking into consideration the seasonal and peak periods in the supply chain will easily disrupt your forecasting.

supply chain budgeting 192

supply chain budgeting supply chain software solutions Supply Chain Optimization Agile and Lean Supply Chain 192

Procurement Leaders

JUNE 3, 2024

As part of that, Sirsij took a fresh look at his own organisation’s operating model and with that a renewed focus on the supplier eco-system, his stakeholder needs and the increasing specialisation of roles within his team. Our Performance Glide Path report is a good place to start.

Market knowledge 100

Market knowledge Strategic planning Procurement Sourcing 100

IBM Supply Chain Blog

FEBRUARY 28, 2024

To start, many organizations have already pivoted from a tactical to a strategic sourcing mindset—which can make all the difference when it comes to gaining and retaining a competitive advantage. Because organizations with strategic sourcing mindsets look beyond price and cost savings-centered supplier selection initiatives.

Sourcing 94

Sourcing Strategy Supply Chain Efficiency e2e 94

Procurement Leaders

JUNE 10, 2024

The remainder of the data was more as one might expect – 57% said that multi-tier supplier visibility was “getting better in some categories” while 14% said it was “good” and that they had “invested well”. Which leaves 28% of those who responded admitting that the visibility they have is “not great” and, at best, goes as far as Tier-1.

e2e 100

e2e Real-time Visibility Supply Chain Efficiency Raw materials 100

Planergy

FEBRUARY 24, 2025

How AP can improve relationships with your key suppliers. Because keeping track of whats owed ensures the school knows what its spending and avoids overpaying or double-paying suppliers. The Importance of Accurate Invoices and Documentation Invoices are like receipts schools get from suppliers after ordering something.

Management 52

Management Budget Negotiation Purchasing 52

Una

MARCH 6, 2023

Procurement process automation can involve anything from automated supplier discovery, risk monitoring, payment processing, spend analytics , and contract approval. The exciting part is that automation frees up your team for big-picture projects, supplier relationship management, strategic planning, and continuous improvement.

Purchasing 98

Purchasing Innovation Agile and Lean Supply Chain Supplier relationship management 98

SCMDOJO

APRIL 3, 2022

They are far more convenient than conventional discussions and negotiations, providing procedural integrity and transparency while also lowering final prices owing to enhanced supplier competitiveness. Suppliers’ risk is decreased because they have more assurance. As an outcome, marketplace value is reflected in the prices.

Supply Chain Efficiency 141

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 141

Empowering CPO

MAY 31, 2023

Introduction In today’s interconnected world of business, Supplier Relationship Management (SRM) stands as a pillar of success for organizations across the globe. It’s the concerted effort of strategically planning and managing all interactions with suppliers that supply any goods and/or services to an organization.

Supplier relationship management 52

Supplier relationship management Collaboration Suppliers Supply Chain Efficiency 52

ivalua

JANUARY 12, 2023

Can an organization start with a Public Portal and Supplier Management Solution and then add solicitations, contract management, and purchasing solutions as they mature or as funding becomes available ? The same is true of the suppliers that will interact through any solution. Adopting Automation . Improving Collaboration .

Strategy 130

Strategy Real-time Visibility Procurement Procurement team 130

Planergy

JANUARY 16, 2025

How AP can improve relationships with your key suppliers. It also allows businesses to focus more on strategic planning and decision-making rather than worrying about mundane accounting tasks. Instead, it’s changing their role, shifting them away from repetitive tasks and into more strategic positions.

Data 52

Data Purchasing Purchase orders Strategic planning 52