Procurement Insights

JULY 22, 2024

Threats of resource depletion and raw materials scarcity, political turbulence, and government intervention in supply markets intensified competition and accelerating technological change have ended the days of no surprises. As dozens of companies have already learned, supply and demand patterns can be upset virtually overnight.”

Raw materials 52

Raw materials Purchasing Supply market Supply management 52

Barkers Procurement

JANUARY 8, 2023

Category management is a long-term, strategic approach to procurement in which certain employees or teams of employees are responsible for procuring specific types of items, such as IT equipment, office supplies or construction materials. Strong supply market knowledge. Below is a look at these principles in more depth.

Category management 52

Category management Management Market knowledge Stakeholder engagement 52

Procurement Leaders

JUNE 20, 2023

These are categories that cover markets that offer uniform goods or services that can be rolled out relatively easily. The business quickly sees the savings and little engagement with complex supply markets is required. Last, and most challenging, are complex indirect categories.

Procurement team 147

Procurement team Procurement Influencing Buyers 147

Spend Matters

OCTOBER 11, 2022

Procurement has become a multi-functional hub for supplier discovery, contracting processes and third-party risk management — the integral guide to the opportunities and risks of global supply markets.

Procurement 83

Procurement Category management Procurement team Risk management 83

Supply Chain Brain

FEBRUARY 16, 2021

Suppleye, a business intelligence platform, recently launched a free tool to supply procurement professionals with critical supply market news.

Procurement 55

Procurement Supply market Supply 55

Procurement Leaders

MARCH 26, 2024

To fully benefit from the innovation potential of a supplier network, buyers should ensure following conditions are in place: Strong competences in supplier / supply market scouting of the innovation potential,to bring innovative solutions from the supply base to the business.

Suppliers 130

Suppliers Product development Supply Chain Efficiency supply chain budgeting 130

Procurement Heads

OCTOBER 17, 2022

Procurement doesn’t just buy from supply markets, procurement shapes markets. It could go a number of ways, I think the dominant way in which it is going at the moment is supply market concentration, which is concerning. But when you do that for a business the responsibility is far greater.

Supply Chain Efficiency 278

Supply Chain Efficiency Supply chain Sustainability Procurement 278

Spend Matters

MARCH 27, 2024

At Spend Matters, chief research officer and managing director, Pierre Mitchell, echoes that: “For procurement, Gen AI, and the technology around it, is basically a supply market like any other where the technology is used in concert with other supply markets. And as Pierre explained, AI is a supply market.

Procurement 83

Procurement Negotiation Supply Chain Efficiency Supply Chain Optimization 83

Spend Matters

SEPTEMBER 26, 2024

Understanding the types of supplier, their categories and how they collaborate and compete, the regulatory landscape; the supply market and considerations around ESG and human rights all come into play here. As well as their capabilities, we must also consider the dynamics of the risk solution landscape.

Risk management 102

Risk management Risk Management Procurement 102

Procurement Express

JULY 12, 2022

But to get the most out of your procurement software, you must equip your staff with the necessary knowledge and skills.

Procurement 52

Procurement Supply market Suppliers Import 52

Future Purchasing

OCTOBER 4, 2022

Supply Market Analysis : Segment the supply market and understand how current and potential suppliers serve current categories and emerging requirements. Learnings : Review learnings from previous years’ category management activities with stakeholders and use them to drive improvement.

Category management 52

Category management Collaboration Real-time Visibility Management 52

Jaggaer

SEPTEMBER 8, 2020

Office supplies, marketing travel, legal, direct and indirect spend should all be categorized appropriately. Categorize your spend. Whether you use UNSPSC, eClass, or your own company-specific categories, you need to be able to determine where your money is being spent. Step Six: Analyze. Analyze your spend data.

Eprocurement 123

Eprocurement Buyers Purchasing Contract 123

Procurement Tactics

JUNE 7, 2023

Your strategy should at least include the following: Key findings about sustainability risks and opportunities, needs, and the supply market The actions required to manage key sustainability risks The recommended demand-related approach (e.g.

Procurement strategies 171

Procurement strategies Sustainability Strategy Procurement 171

SCMDOJO

APRIL 26, 2023

Steps to Keep in Mind when Implementing a Category Management Strategy Know your supply market and product positioning to leverage spending and create opportunities. Well, in-depth knowledge of the supply market will inform the best category management strategy.

Category management 108

Category management Management Supplier relationship management supply chain software solutions 108

ivalua

JANUARY 31, 2022

CPO’s and CFO’s will join forces to combat inflation and supply risk, supply assurance will be perceived as more important than price, convenience and customer service gaining significant popularity, and vigilance against commodity and supply market manipulation will be critical. #3.

Procurement 130

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

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

ivalua

MARCH 28, 2019

capturing and exploiting innovation from supply markets and individual suppliers becoming a top priority for organisations and therefore procurement functions.

Procurement 167

Procurement Agile and Lean Supply Chain Real-time Visibility Innovation 167

Una

NOVEMBER 7, 2022

While a supplier may not be the cheapest option on the market, they may be the most innovative and have the potential to drive much more profit over the long term than you will have saved in the short term by choosing a more affordable supplier. Run innovation workshops.

Innovation 93

Innovation Procurement Suppliers Purchasing 93

Positive Purchasing

MAY 19, 2022

There is a tremendous opportunity to digitize and automate most, if not all, data collection: external supply market insights, internal data, perspectives from stakeholders, and other intelligence. Automating category management. All that insight is great, but what are you going to do with it?

Category management 52

Category management Management Procurement Strategy 52

Procurement Heads

DECEMBER 16, 2022

I would tell someone not to think it is just a process, not to just worry about the technical skills, yes, they are important to learn about supply markets and about good practice and contracting, but in the end, it is a people business and with all of that you need to apply it.

Contract 130

Contract Procurement Sustainability Purchasing 130

ivalua

MARCH 9, 2023

By gaining visibility into spending patterns, demand, supplier performance, and supply markets–opportunities will be uncovered. Spend under management: S2P software can help procurement teams better manage the percentage of company spend that is under contract and under management.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

ivalua

MAY 18, 2022

At the same time, organizations have never been more exposed to risk from their supply chains, from supply continuity, quality, or ESG violations. To top it all off, extremely tight supply markets have further shifted negotiating leverage from buyers to suppliers. Yet, too few businesses do so well.

Suppliers 130

Suppliers Management Supply Chain Efficiency Collaboration 130

The Good Spending

AUGUST 17, 2023

You may analyze your analytical assumptions and patterns, negotiation planning, and supply market study from the post-mortem perspective and rectify false practices for the future. Upon completion of a sourcing project, it allows you to exercise an essential element of Agile methodology - a retrospective.

Sourcing 52

Sourcing Strategy Import Strategic sourcing 52

Procurify

JULY 20, 2022

A lack of supply market and supplier visibility impacts company spending, negotiations, supplier partnerships, and more. That’s why purchasing teams must ensure they have accurate and timely information about the supply market and suppliers. . In 2020, 41% of procurement leaders found their supplier data inadequate.

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 52

ivalua

OCTOBER 1, 2019

The aim in the private sector must be to capture innovation from the supply markets faster and more successfully than others, to drive our competitive advantage. In the public sector, it is about finding innovation which can ultimately benefit the citizen and taxpayer. .

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain Procurement Innovation Supply Chain Efficiency 100

Procurement Express

FEBRUARY 28, 2022

A request for information, or RFI, is used to get a better handle on the supply market. The main difference between them is what type of information you’ll receive. Let’s take a look at each one individually: Request for Information (RFI).

Price 52

Price Suppliers Buying process Contract 52

Barkers Procurement

JUNE 8, 2023

Categorise office supplies, marketing, travel, legal, direct and indirect expenditures so you can form a category strategy and make some savings. You need to see where your money is going, so be as specific as your circumstances demand.

Procurement 52

Procurement Data Suppliers Purchasing 52

Una

MARCH 30, 2023

Additional resource: Why Your Procurement Team Needs Supply Market Intelligence There are several areas of focus that will bring exciting new sources of value to your organization. By leveraging data and analytics, procurement can help identify trends and opportunities that can drive top-line growth.

Procurement 104

Procurement Supply Chain Efficiency Procurement team Sustainability 104

Supply Chain Game Changer

SEPTEMBER 13, 2022

The electrical supplies markets, with their global dependencies, were hit hard. As a contractor, you will need innovative strategies to navigate the resulting supply chain challenges. Such a historically fast recovery, brought on by massive stimulus injections and Federal Reserve interventions, was a complete surprise.

Price 85

Price Supply chain Supply Raw materials 85

Jaggaer

OCTOBER 24, 2024

Decision-makers must plan supply chain resilience strategies for a wide range of risk scenarios. These include crises such as the 2020 pandemic as well as structural changes in supply markets like the effect of domestic electric vehicle (EV) loans and subsidies on critical metals availability.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Claritum

MARCH 10, 2020

Companies that consistently capture the most value from category procurement typically have these critical procurement capabilities: Superior supply-market expertise for procurement of category-based goods and services. 6 The Inherent Challenges of Category-based Procurement. Sustainability.

Procurement 41

Procurement Supply Chain Efficiency Purchasing Category management 41

Procurement Heads

APRIL 26, 2023

I sit in the supply-facing team, in digital and talent and specifically in the innovation team: our team drives new ways of doing procurement by digitising our ways of working, leading strategic category transformations and bringing impactful supply market insights.

Agile and Lean Supply Chain 130

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

Procurement Heads

APRIL 26, 2023

I sit in the supply-facing team, in digital and talent and specifically in the innovation team: our team drives new ways of doing procurement by digitising our ways of working, leading strategic category transformations and bringing impactful supply market insights.

Agile and Lean Supply Chain 130

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

Claritum

FEBRUARY 24, 2020

This is particularly important where problems are addressed contractually by, and between, project supply chain participants. Companies that consistently capture the most value from project procurement typically have these critical procurement capabilities: Superior supply-market expertise for procurement of project-based goods and services.

Procurement 41

Procurement Purchasing Suppliers Sourcing 41

Una

JUNE 8, 2023

The focus for these items is usually on building strong relationships with suppliers and ensuring a stable supply chain. Top left] Leverage items: These items have a high profit impact and a low supply risk. They are important for generating profits, but the supply market is stable and reliable.

Suppliers 52

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

Claritum

MARCH 10, 2020

fragmentation of the supply chain creating a very diverse supply market. procurement typically have these critical procurement capabilities: Superior supply-market expertise for procurement of category-based goods and services. The Inherent Challenges of Category-based Procurement.

Procurement 32

Procurement Supply Chain Efficiency Purchasing Category management 32

Sourcing and Supply Chain

JUNE 24, 2021

It is the process of collecting and collating the data of key drivers that impact the supplies as well as product prices. We identified five important key drivers which are Demand, Supply, Market Price, Economy or regulations, and other miscellaneous factors. Data collected and collated as displayed in the below analysis.

Category management 52

Category management Management Procurement Market analysis 52