Procurement Tactics

APRIL 17, 2023

Also, it can help improve the company’s financials by using the resources efficiently. Thus, they help you to achieve sustainability by reducing your purchasing impacts through your supply chain. It shows that businesses are aware of future impacts and consider them when making purchasing decisions. Enroll now!

Sustainability 182

Sustainability Suppliers Influencing Purchasing 182

Una

MARCH 30, 2023

Reporting lines make a difference: if your function happens to report to the CFO, it’s likely that the overriding focus will be on driving savings for the organization through procurement efficiencies and spend compliance. This can help support underrepresented businesses and create a more inclusive supply chain.

Procurement 104

Procurement Supply Chain Efficiency Procurement team Sustainability 104

ivalua

JANUARY 31, 2022

Enterprises will continue to undergo the financial burden of revenue disruptions, consumer , and uncontrolled supply chain variables. . Disruptions in global supply chains, labor market shortages, strong consumer demand. The Criticality of the Supply Chain (and Suppliers). What can we expect in 2022?

Procurement 130

Procurement supply chain budgeting Agile and Lean Supply Chain supply chain software solutions 130

ivalua

MARCH 9, 2023

It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. Through its sophisticated series of processes, organizations can unlock efficiencies and maximize profits like never before. What is Source-to-Pay?

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

Procurement Heads

APRIL 26, 2023

I studied procurement and obtained a Master’s degree in supply chain and international procurement. Since I graduated, I’ve always worked in procurement and supply chain across both indirect and direct categories, across different geographies and also worked as a Consultant delivering transformational projects.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Procurement Heads

APRIL 26, 2023

I studied procurement and obtained a Master’s degree in supply chain and international procurement. Since I graduated, I’ve always worked in procurement and supply chain across both indirect and direct categories, across different geographies and also worked as a Consultant delivering transformational projects.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Future Purchasing

OCTOBER 4, 2022

Category management is the strategic end-to-end process for managing categories of related supplier spend that aligns business goals and requirements with supply market capability. It creates cost efficiencies across spend categories and minimises supply risks through improved supplier selection.

Category management 59

Category management Strategic sourcing Strategic sourcing Sourcing 59

Procurify

JULY 20, 2022

Companies that adapt to supply chain volatility can swim against the tide. . With the current state of supply chains, purchasing managers need transparent market and supplier intelligence. A lack of supply market and supplier visibility impacts company spending, negotiations, supplier partnerships, and more.

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 52

Spend Matters

MARCH 27, 2024

So where and how is this great leveller of procurement effectiveness being used in the real world (the practical) and how is it viewed by the CPOs and heads of procurement and supply chain who are on the front line fighting the daily efficiency battle. The actual cost of doing nothing may be quite substantial.

Procurement 83

Procurement Negotiation Supply Chain Efficiency Supply Chain Optimization 83

SCMDOJO

FEBRUARY 13, 2023

To get the most out of any procurement team, all the associated key roles need to be filled with qualified individuals that understand both technology and the principles of supply chain management. They also manage the organization’s supply base to ensure coordination and efficiency.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

Claritum

MARCH 10, 2020

“As such, a category manager is the ‘CPO of their category’ and carries a weight of responsibility for their organisation’s application of the category – especially for direct categories that support strategic supply lines.”. Focusing by category allows optimisation of the supply chain for that specific category. Competences.

Procurement 41

Procurement Supply Chain Efficiency Purchasing Category management 41

Una

JUNE 8, 2023

We need to focus on those that are critical for maintaining a reliable supply chain, optimizing costs, driving innovation, improving efficiency , and supporting strategic objectives. The focus for these items is usually on building strong relationships with suppliers and ensuring a stable supply chain.

Suppliers 52

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

ivalua

OCTOBER 1, 2019

Effectiveness is a better word than “efficiency”, of course. The task of processing thousands of purchase orders may be executed “efficiently”, but there may well be more effective ways of managing this need – for instance, users having access to online guided buying catalogues.

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain Procurement Innovation Supply Chain Efficiency 100

Planergy

AUGUST 16, 2022

Supplier development is an important part of a company’s overall supply chain management strategy and is essential for ensuring that the right suppliers are selected to deliver quality products and services. This can be done by being transparent and honest with suppliers, as well as by sharing information and ideas freely.

Suppliers 52

Suppliers Management supply chain budgeting Supplier relationship management 52

Claritum

MARCH 10, 2020

of responsibility for their organisation’s application of the category – especially for direct categories that support strategic supply lines.”. Focusing by category allows optimisation of the supply chain for that specific category. relationship focusing on supply chain optimisation, innovation and risk.

Procurement 32

Procurement Supply Chain Efficiency Purchasing Category management 32

Empowering CPO

JULY 2, 2023

As companies grapple with economic uncertainties and rapidly evolving market dynamics, the focus is shifting from mere cost-cutting to strategic cost management. In this context, Managed Procurement Services offer an effective path to achieve this objective, leveraging innovation, process efficiency, and expert insights.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Claritum

JUNE 13, 2019

To my mind, your challenges depend on where you are in transformational change within your organisation, the scope of your function within Procurement and the nature of the organisation’s supply chain. For example, is your focus on strategic long-term supply relationships to support your manufactured product? Speed of supply.

Procurement 32

Procurement Supply Chain Efficiency Raw materials supply chain software solutions 32

Supply Chain Game Changer

NOVEMBER 13, 2018

Drive a thorough understanding of both the supply market and internal company requirements. Today’s uncertain and volatile markets make agility and change inevitable as well as essential. appeared first on Supply Chain Game Changer™. Developing in-depth understanding for knowledge based buying.

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

Jaggaer

JULY 23, 2019

Supply chains are multi-tiered and therefore difficult to manage. This is not easy given the current volatility in supply markets. They need to contend with a great deal of risk from volatility in the currency and commodity markets, to geopolitical unrest and the adherence to ethical standards within the supply chain.

Sourcing 40

Sourcing Suppliers Management Supply Chain Efficiency 40

ivalua

NOVEMBER 27, 2019

A process flow or framework becomes a crutch when Procurement Professionals either don’t know what else to do or don’t have enough experience with varied approaches to recognize the signals in a supply market or competitive landscape suggesting that an RFP isn’t the best way to maximize results.

Strategic sourcing 147

Strategic sourcing Strategic sourcing Sourcing Suppliers 147

Zycus Cognitive Procurement

JANUARY 12, 2021

Supply chains were severely disrupted on a global scale as countries closed their borders. Collaborative sourcing is not devaluing traditional sourcing approaches but the embedding of more robust category strategies, more penetrating views of supply markets to enable stronger supplier relationships.

Contract 52

Contract Sourcing Chief Procurement Officer Contract management 52

Spend Matters

NOVEMBER 2, 2023

Beroe for supply market intelligence) that’s woven into the solutions to enhance better decision making. Finally, we would still like to see a common knowledge graph ‘backplane’ to model n-tier supply chains that ties the various networks (and applications) together better. using RAG ).

Networking 91

Networking Spend management Suppliers Supply Chain Optimization 91

Procurement Heads

DECEMBER 16, 2022

We now support the whole supply chain really from the initial sourcing activity right the way through to contract termination, so the whole lifecycle. What are the main challenges that you and your team are currently facing? You are working as an important part of an overall business who you need to work with.

Contract 130

Contract Procurement Sustainability Purchasing 130

Sourcing and Supply Chain

JUNE 24, 2021

It maximizes value, efficiency, quality, and innovation, as well as mitigating risk. It also improves speed to market, decreases supplier and pricing risks, and helps to enhance innovativeness and flexibility across the entire organization. Data collected and collated as displayed in the below analysis. Demand Trends – India.

Category management 52

Category management Management Procurement Market analysis 52