SCMDOJO

FEBRUARY 21, 2025

Heres how: Diversifying the Supplier Base to Reduce Dependency Risks Implementing Risk Assessment & Contingency Planning Balancing Cost Optimization with Resilience Strengthening Supplier Relationships & Collaboration Leveraging Technology & Data-Driven Procurement What Are the Benefits of Refining Your Procurement Strategy?

Agile and Lean Supply Chain 59

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

World of Procurement blog

MAY 8, 2024

Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Procurement is strategically important because it: Drives significant cost savings through economies of scale, supplier negotiations, and process efficiencies. Purchasing measures transactional volume and costs.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

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? So, will tactical spend and tactical negotiations be replaced by a robot? And, if so, to what extent will this happen?

Supplier negotiation 52

Supplier negotiation Negotiation Suppliers Procurement 52

Procurement Insights

MARCH 16, 2025

While they are distinct concepts, they complement each other in AI-driven procurement, strategic sourcing, and market intelligence. ABM helps simulate real-world procurement interactions , leading to better strategic sourcing, risk mitigation, and negotiation tactics.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

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

SCMDOJO

DECEMBER 14, 2023

READ MORE ON: “STRATEGIC SOURCING VS. PURCHASING – 7 KEY DIFFERENCES” at our website SCMDOJO! The Inner Workings of a Sourcing Agency: 1. Client Consultation: Understanding Needs The journey begins with a detailed consultation between the sourcing agency and the client. When do you need the Sourcing Agency?

Sourcing 104

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

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

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

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

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

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

Procurement Tactics

JUNE 28, 2023

By applying historical data on pricing, quantities, and terms, it enables organizations to negotiate favorable terms with suppliers. Sourcing and contract management enables businesses to manage their sourcing activities such as choosing suppliers, negotiation, and contract management.

Supply Chain Efficiency 178

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

Una

NOVEMBER 8, 2023

Explore ways to rectify the procurement talent shortage by attracting and keeping top sourcing candidates. Read More When Supplier Negotiations Come to a Standstill Supplier negotiations can break down for several reasons so knowing how to prepare head of time, and how handle differing viewpoints is key.

Procurement 52

Procurement Supplier negotiation Influencing Negotiation 52

Jaggaer

MARCH 6, 2025

JAGGAERs ASO solution empowers businesses to automate and optimize their strategic sourcing processes, enabling them to identify the best suppliers, negotiate optimal pricing, and manage complex sourcing events more efficiently.

Sourcing 52

Sourcing Supplier negotiation Strategic sourcing Strategic sourcing 52

World of Procurement blog

APRIL 23, 2024

It involves selecting suppliers, negotiating price, delivery terms, and ensuring the supply of quality goods. Strategic sourcing and cost management are integral parts of this phase to ensure the company remains cost-efficient and competitive.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

World of Procurement blog

APRIL 23, 2024

It involves selecting suppliers, negotiating price, delivery terms, and ensuring the supply of quality goods. Strategic sourcing and cost management are integral parts of this phase to ensure the company remains cost-efficient and competitive.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

Empowering CPO

JULY 17, 2023

These services typically encompass strategic sourcing, supplier management, contract management, procure-to-pay processes, spend analysis , and process optimization. Strategic Sourcing : Identifying optimal suppliers, negotiating contracts, and nurturing long-term relationships.

Procurement 52

Procurement Supply Chain Optimization Supply Chain Efficiency Raw materials 52

SCMDOJO

JANUARY 17, 2024

Their responsibilities include: Negotiating and entering into contracts with suppliers Zeroing in on the material and capacity requirements Creating production schedules Managing purchasing orders Aligning sourcing and inventory requirements with the demand and/or sales plan In this area, materials specialists aren’t the only role available.

Supply chain management 98

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 98

Una

NOVEMBER 2, 2023

Playbook: How to Improve the Procurement Process and Increase Cost Savings Working with a GPO frees up your time What could you achieve if you had more time to concentrate on strategic tasks? On the contrary, GPOs are designed to align with your strategy, not replace it.

Negotiation 52

Negotiation Purchasing Contract Strategic sourcing 52

SCMDOJO

JULY 3, 2023

Choose between a broad overview of procurement and a focused course that focuses on certain topics like strategic sourcing, contract management, or supplier relationship management. Given the current market dynamics, having accurate data and information becomes even more critical as you enter supplier negotiations. #3.

Cost of ownership 98

Cost of ownership Procurement Category management supply chain software solutions 98

SCMDOJO

SEPTEMBER 18, 2023

Their accountability extends beyond simple sourcing; it also includes strategic sourcing and buying products and services at the best cost. An example of procurement could be a manufacturing company sourcing raw materials from different suppliers to create their final product. What is a procurement person called?

Procurement 105

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

CPO Rising

JANUARY 22, 2024

The idea that if a supplier negotiation required a contract, the negotiation should be captured electronically — and ideally — by an eSourcing tool. When I first started reading CPO Rising more than a decade ago, I remember Ardent’s founder and chief research officer, Andrew Bartolini, introducing the concept of eSourcing 2.0:

Supplier negotiation 40

Supplier negotiation Negotiation Contract Suppliers 40

Arkestro

JULY 11, 2022

Linda Chuan, Head of Strategic Sourcing & Procurement at Box, says, “Arkestro has helped us transform our supplier diversity initiative, and reinforce our company values in supplier diversity, equity and inclusion (DEI).

Suppliers 52

Suppliers Real-time Visibility Procurement Supply Chain Efficiency 52

Spend Matters

MARCH 27, 2024

So while there are many things the machines can do, they can’t always be relied upon and be let alone, and certainly can’t drive organizational change or perform the nuances related to strategic sourcing just yet. That takes leaders. And there is still misunderstanding over what some solution vendors call GenAI in procurement.

Procurement 112

Procurement Negotiation Supply Chain Efficiency Supply Chain Optimization 112

Empowering CPO

JULY 2, 2023

Modern procurement services encompass a wide range of activities such as strategic sourcing, category management, contract negotiation, risk management, and supplier relationship management. However, in today’s complex and globalized economy, procurement goes far beyond simple buying.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

IBM Supply Chain Blog

DECEMBER 13, 2023

Benefits of a successful procurement strategy By implementing strategic sourcing and purchasing opportunities, organizations can achieve substantial cost savings. Continuously monitor and adapt to ensure that the strategy remains responsive to changing market dynamics, evolving business goals and emerging opportunities or challenges.

Procurement strategies 65

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 65

Procurement Express

FEBRUARY 15, 2025

This helps you identify cost-saving opportunities, track supplier performance, and ensure purchases align with financial goals. Identify overspending, track budget vs. actuals, and spot opportunities for better pricing or supplier negotiations. Stronger supplier relationships. Better cash flow management.

Procurement 40

Procurement Real-time Visibility Supplier negotiation Contract 40

Empowering CPO

JUNE 14, 2023

These tasks might include sourcing suppliers, negotiating prices, managing supplier relationships, overseeing contracts, and more. Partial Procurement Outsourcing: Here, only certain aspects of procurement are outsourced, such as strategic sourcing or contract management.

Procurement 52

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

Una

SEPTEMBER 22, 2022

As you begin to navigate this category, some of the same strategic sourcing best practices can be used as a guide to IT procurement as well. Thinking strategically involves planning for the long-term, making decisions based on data and the overall goals of the organization, building strong relationships, and more.

Procurement 98

Procurement Real-time Visibility Contract Purchasing 98

Procurement Software

APRIL 23, 2024

Utilising AI, particularly through their Cassian AI system, Spendkey automates spend and contract analytics, providing comprehensive insights that enable cost reductions and efficient supplier negotiations. Key Data: Founder / CEO: Daniel Demuth Date Founded: 2020 Visit ivoflow profile in our Software Finder 7.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Supply Chain Efficiency supply chain budgeting 52

Pipefy

FEBRUARY 13, 2023

Source-to-pay (also known as S2P) is a process within procurement that encompasses activities associated with business and supplier interactions. Typically, the source-to-pay process is used to fulfill needs like finding new suppliers that offer lower prices, better terms, or goods/services not offered by current suppliers.

Sourcing 52

Sourcing e2e Purchase orders Bidding 52

Empowering CPO

JUNE 14, 2023

It’s a strategic function that involves understanding market trends, analyzing suppliers, negotiating contracts, and managing relationships, among other tasks. Procurement is central to a business’s operations, with a purpose that encompasses cost-efficiency, quality control, risk management, and strategic sourcing.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Empowering CPO

MAY 15, 2023

When a company commits to buying large quantities from a supplier, it often gets a better per-unit price. Another common cost-saving strategy involves supplier negotiations. Skilled procurement professionals can negotiate contract terms that result in lower prices or more favorable payment terms.

Procurement 52

Procurement Quality Innovation Cost of ownership 52

Finale Inventory

JUNE 21, 2024

Therefore, strategic sourcing and management of raw materials are critical aspects of running a successful ecommerce operation. Businesses should establish reliable relationships with suppliers, negotiate favorable terms, and ensure a steady flow of high-quality materials.

Raw materials 52

Raw materials Import Supply Chain Efficiency Inventory 52

Finale Inventory

JUNE 21, 2024

Therefore, strategic sourcing and management of raw materials are critical aspects of running a successful ecommerce operation. Businesses should establish reliable relationships with suppliers, negotiate favorable terms, and ensure a steady flow of high-quality materials.

Raw materials 52

Raw materials Import Supply Chain Efficiency Supply Chain Optimization 52

Empowering CPO

JULY 17, 2023

These challenges range from operational to strategic and can have significant impacts on a company’s bottom line and overall efficiency. Procurement is a complex process involving market research, supplier negotiations, contract management, and risk assessment. Another major challenge is cost inefficiencies.

Management 52

Management Procurement Vendor relationships Supply Chain Efficiency 52

Empowering CPO

JULY 17, 2023

Through strategic sourcing, robust supplier management, thorough risk assessment and mitigation, and leveraging technology, we aim to transform your procurement function into a strategic asset for your business. We employ strategic sourcing methodologies to identify the best suppliers and negotiate favorable terms.

Procurement 40

Procurement Supply Chain Efficiency Real-time Visibility Supply Chain Optimization 40