NLPA (Next Level Purchasing Association)

MARCH 16, 2023

Spend Management is a critical function within an organization, and it involves the strategic management of the company’s spending to reduce costs, improve efficiency, and enhance profitability. We should also monitor the actual expenses against the projected spend to ensure that we are staying within our budget.”

Spend management 98

Spend management Management Procurement supply chain budgeting 98

Una

JUNE 1, 2023

As a procurement professional, you’ll need to think critically, adapt to market fluctuations, and navigate complex supply chains , honing your skills and expanding your knowledge base along the way. This constant evolution ensures that your work remains engaging and intellectually stimulating.

Procurement 98

Procurement supply chain budgeting Sustainability Negotiation 98

SCMDOJO

OCTOBER 7, 2024

The Global Supply Chain is thriving with each passing day. However, the game-changer is how Cost Efficiency and Cost Effectiveness play their role in the supply chain. Let’s learn the role of cost efficiency vs cost effectiveness! What is Cost Efficiency?

Supply Chain Efficiency 68

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 68

Skill Dynamics

NOVEMBER 17, 2022

In our experience of working with supply chain and procurement organizations around the world, there are three things every organization can do to ensure training not only sticks but becomes a way of work. Tie training to objectives.

supply chain budgeting 96

supply chain budgeting Cost of ownership Supplier negotiation Supply chain 96

Una

MARCH 6, 2023

After all, procurement teams are supposed to be the cost-cutting experts, so an unnecessarily expensive and wasteful function goes against procurement’s central mission. Getting Lean may therefore mean finding ways to reduce cost-to-source, or reducing the team headcount and doing more with less.

Innovation 98

Innovation Purchasing Agile and Lean Supply Chain Supplier relationship management 98

ivalua

MARCH 9, 2023

S2P is the end-to-end process that encompasses all the activities between an organization and its suppliers. It starts with identifying the right suppliers for a need, sharing requirements and evaluating supplier offers, selecting the most appropriate supplier, negotiating terms and contracting with them to receive goods and/or services.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

Procurement Insights

DECEMBER 20, 2024

Focused on Supplier Engagement: Payback comes through better negotiation outcomes, especially in high-value or high-volume procurement categories. Best Fit: Organizations aiming to reduce costs through supplier negotiations , especially those handling volatile or commodity-based procurement.

supply chain budgeting 45

supply chain budgeting Procurement Raw materials Supplier negotiation 45

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

Una

APRIL 25, 2023

Here are some of the factors that cause time constraints in procurement: Increased complexity The globalization of markets and the expansion of the supply chain bring cost benefits, but have also led to an increase in the volume and complexity of procurement activities. Why are Sourcing Heroes so often time-poor in procurement?

Procurement 94

Procurement supply chain budgeting Supply Chain Efficiency Contract 94

SCMDOJO

DECEMBER 14, 2023

Here, the agency seeks to understand the client’s specific needs, budget constraints, and quality standards. Supplier Identification: Scouring the Market Once armed with the client’s requirements, the sourcing agency embarks on a mission to identify potential suppliers. When do you need the Sourcing Agency?

Sourcing 87

Sourcing Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 87

Arkestro

OCTOBER 10, 2023

Then we’ll discuss how AI and other innovative technologies are removing current complexities, allowing oil and gas companies to reduce costs, optimize supply chains, and make data-driven decisions. As a result, the industry’s efficiency is falling while operational costs rise. trillion.

Agile and Lean Supply Chain 52

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

Procurement Insights

DECEMBER 6, 2024

ProPurchaser ** ProPurchaser** operates in the procurement intelligence and cost management sector, providing tools and data to assist supply chain professionals in negotiations. It facilitated real-time transactions between manufacturers and suppliers of packaging materials, ingredients, and other direct materials.

Supply Chain Efficiency 52

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

Arkestro

NOVEMBER 5, 2024

The Hackett Group’s 2024 Key Issues Study found that financial teams’ workloads are expected to increase 5% this year while headcount and budget slightly decrease, leaving a productivity gap of 6% for CFOs to find a way to make up. CFOs and their teams are expected to do more with less. Subscribe to news from Arkestro.

Procurement 52

Procurement supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 52

Arkestro

MARCH 27, 2024

After years of focusing on cost reduction, the majority of procurement leaders say they plan to spend more and increase workloads in 2024, meaning procurement buyers will have more power to influence change and optimize spend across the entire supply chain. But what does a procurement buyer do, exactly?

Buyers 52

Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

Pipefy

FEBRUARY 13, 2023

Procurement is the process businesses use to source and obtain goods/services from external suppliers to achieve strategic objectives and fulfill business needs or purchase requests. After all, both processes evaluate needs, closely examine budgets, establish schedules, and identify product requirements and specifications.

Real-time Visibility 52

Real-time Visibility e2e Procurement Bidding 52

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. Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Purchasing measures transactional volume and costs.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

The Procuretech Podcast

JUNE 18, 2024

Highlighting 25 innovative European-based procurement startups, the episode provides valuable insights into emerging players who don't necessarily have the marketing presence and events budget of larger companies. DigiProc automates supplier negotiations for tactical and tail spend.

supply chain software solutions 40

supply chain software solutions Procurement supply chain budgeting Supply chain resilience 40

Spend Matters

DECEMBER 28, 2023

An Amazon survey found 53% of procurement teams expect their budgets to increase in the coming year, with a whopping 98% planning to invest in automation, AI, and analytics and insights tools. Inflation, a complex and constrained supply chain, and threats of recession all impacted how procurement processes played out externally.

Procurement 64

Procurement Procurement team Supply Chain Efficiency supply chain budgeting 64

Una

JUNE 1, 2023

As a procurement professional, you’ll need to think critically, adapt to market fluctuations, and navigate complex supply chains , honing your skills and expanding your knowledge base along the way. This constant evolution ensures that your work remains engaging and intellectually stimulating.

Procurement 52

Procurement supply chain budgeting Sustainability Negotiation 52

SCMDOJO

DECEMBER 11, 2023

Cost Savings: One of the primary benefits of procurement reports is their ability to contribute to cost savings. Through detailed analysis of procurement processes, expenditures, and supplier negotiations, organizations can identify opportunities for cost reduction. Download Free Supplier Performance Report 3.

Supply Chain Efficiency 19

Supply Chain Efficiency Purchase orders Procurement Bidding 19

Barkers Procurement

FEBRUARY 10, 2023

It’s about knowing what works and what doesn’t in certain circumstances, whether that’s supplier negotiation or conducting a procurement transformation. Your provider is also likely to have contacts and working relationships with suitable vendors, and be able to secure better terms for supply of goods and services.

Import 52

Import Procurement supply chain budgeting Category management 52

TYA Suite

AUGUST 26, 2024

With the right SMBs can streamline their purchasing activities, reduce costs, and enhance overall productivity. With procurement software, small and medium-sized businesses can achieve faster order processing, quicker approval cycles, and timely payments to suppliers.

supply chain software solutions 40

supply chain software solutions supply chain budgeting Real-time Visibility Procurement 40

Procurement Software

APRIL 23, 2024

Launched to make high-end spend analysis tools accessible and budget-friendly, Spendata’s platform empowers users to directly manipulate spend data without the need for IT assistance, facilitating quick and effective decision-making. Spendata caters to both mid-market and enterprise customers.

supply chain software solutions 52

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

Procurement Software

MARCH 11, 2022

Acknowledging cost avoidance: Why measuring procurement performance on hard savings alone is futile. This is usually measured against budget standard costs, which are based on last price paid or moving average price. But such a large sum from one negotiation or tender is virtually unheard of in many indirect categories.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Procurement Software

MARCH 11, 2022

Acknowledging cost avoidance: Why measuring procurement performance on hard savings alone is futile. This is usually measured against budget standard costs, which are based on last price paid or moving average price. But such a large sum from one negotiation or tender is virtually unheard of in many indirect categories.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Finale Inventory

JUNE 21, 2024

Raw materials play a fundamental role in the supply chain of ecommerce businesses. The quality, availability, and cost of raw materials can significantly impact the production process and ultimately influence the competitiveness of online retailers in the market.

Raw materials 52

Raw materials Import Supply Chain Efficiency Inventory 52

Finale Inventory

JUNE 21, 2024

Raw materials play a fundamental role in the supply chain of ecommerce businesses. The quality, availability, and cost of raw materials can significantly impact the production process and ultimately influence the competitiveness of online retailers in the market.

Raw materials 52

Raw materials Import Supply Chain Efficiency Supply Chain Optimization 52

World of Procurement blog

MAY 23, 2024

It involves transitioning away from transacting with multiple vendors for the same or similar goods and services, to consolidating spend and building strategic partnerships with a smaller set of suppliers. This enables data-driven supplier management and performance optimisation.

Supplier consolidation 52

Supplier consolidation Suppliers Supply Chain Efficiency supply chain budgeting 52

Finale Inventory

SEPTEMBER 17, 2024

Establish strong supplier relationships to ensure efficient stock replenishment. Communicate inventory needs, negotiate favorable terms, and keep communication lines open to maintain a reliable supply chain. Address issues proactively and maintain open communication to ensure a smooth supply chain.

Inventory 52

Inventory Strategy Real-time Visibility Management 52

Empowering CPO

JUNE 25, 2023

These systems streamlined the procurement process, improving efficiency and reducing costs. Globalization has made supply chains more complex and harder to manage. Furthermore, businesses are under constant pressure to reduce costs without compromising on quality or service.

Procurement 52

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

Empowering CPO

JULY 17, 2023

By taking on the complexities of procurement, these services allow businesses to focus on their core competencies, while reaping the benefits of optimized supply chains, cost savings, and improved vendor relationships. Another major challenge is cost inefficiencies. Enter EmpoweringCPO.

Management 52

Management Procurement Vendor relationships Supply Chain Efficiency 52

Empowering CPO

JUNE 14, 2023

Introduction Welcome to the dynamic world of procurement, where businesses are constantly seeking innovative ways to manage their supply chains more efficiently and effectively. To leverage external expertise, reduce costs, and allow the company to focus on its core competencies.

Procurement 52

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

Claritum

NOVEMBER 28, 2016

30% Cost control and supplier negotiations. source: (p1) Paystreams, Supplier Network Management (2014). Budget constraints. source: (p3) Accenture Strategy , The Digital Supply Network (2014). Innovation management. Invoice routing and approval. Direct procurement management. 20% Spend visibility.

Procurement 50

Procurement Eprocurement Networking Sourcing 50

Procurement Software

FEBRUARY 20, 2024

Weproc offers features for: Procurement Management Product Management Contract Management Supplier Management Budget Management Accounting Basic Analytics Weproc also aims to put user experience first. Digi Proc DigiProc is a Swedish startup offering a platform for automated supplier negotiations.

Supply Chain Efficiency 59

Supply Chain Efficiency supply chain software solutions Procurement Real-time Visibility 59

TYA Suite

AUGUST 16, 2024

It involves several steps, including identifying needs, selecting suppliers, negotiating contracts, and managing. It helps in: By negotiating better prices and terms with suppliers, procurement management can significantly reduce costs.

Management 40

Management Procurement Supply Chain Efficiency Quantity 40

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. Relies on manual processes for sourcing, negotiation, and Focuses on cost reduction through competitive bidding and bulk purchasing.

Procurement strategies 40

Procurement strategies Strategy Supply Chain Efficiency Procurement 40

TYA Suite

NOVEMBER 15, 2024

Having a solid risk management plan allows companies to anticipate problems before they escalate, ensuring that supply chains remain efficient and reliable. By monitoring suppliers regularly, businesses can detect issues early and respond proactively. This process is known as supplier risk management.

Risk management 40

Risk management Risk Suppliers Strategy 40