ivalua

APRIL 13, 2021

In part 1 of this blog I looked at how procurement can actually create new revenue opportunities. Here I’ll take a look at two other ways that procurement can help support growth. Many other organizations have leveraged this strategy, but almost all can do so better to drive greater value. Ensuring Supply Chain Agility.

Procurement Solutions 130

Procurement Solutions Procurement Sourcing Strategies Resource Reduction 130

SCMDOJO

APRIL 20, 2023

If you’re eyeing a role as a Procurement Manager (or are looking to hire one), you’re in the right place! As a procurement Manager, you’ll play a crucial role in overseeing the purchasing and procurement process for a company or organization, making sure they get the best bang for their buck.

Negotiating Skills 95

Negotiating Skills Optimal Sourcing Procurement Analytics Manufacturing Procurement 95

SCMDOJO

JULY 3, 2023

In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. But how do you get started? Do not worry!

Purchasing Training 78

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 78

SCMDOJO

FEBRUARY 13, 2023

The procurement department is an integral part of any organization, playing a crucial role in the purchasing process. 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.

Negotiating Skills 87

Negotiating Skills Purchasing Skills Negotiate Pricing Procurement Analytics 87

EC Sourcing Group

MAY 17, 2023

Spend classification can often go unnoticed, despite its critical influence over successful procurement strategy. Streamlining Procurement Processes: Proper spend classification ensures a structured approach to eSourcing activities.

Optimal Sourcing 52

Optimal Sourcing Negotiating Skills Negotiate Pricing Sourcing Strategies 52

ivalua

JUNE 29, 2021

Supplier diversity programs are something many procurement professionals in the United States (U.S.) have accepted as a key element of procurement. These programs are as familiar to procurement professionals as concepts like spend analysis or category management. Part I: Building Business Cases and Driving Momentum.

Cost Reduction Strategies 162

Cost Reduction Strategies Supply Chain Strategy Strategy Price Mitigation Strategies 162

ivalua

APRIL 7, 2022

Ivalua remains the only vendor recognized as a leader in every current Procurement report spanning S2P by Gartner and Forrester. Keep an eye out for an in-depth blog session recap! They discussed new strategies and best practices to maximize and sustain supply chain agility and resilience in our last breakout session of the day!

Procurement Solutions 130

Procurement Solutions Vendor Strategies Procurement Analytics Sourcing Strategies 130

ProcurePort

FEBRUARY 25, 2021

The post How an Effective Category Strategy Can Improve Procurement appeared first on ProcurePort Blog. The human brain, on average, is only able to remember between 6 and 9 digits in a sequence when only seeing or hearing that sequence once.

Optimal Sourcing 52

Optimal Sourcing Procurement Strategy Price Mitigation Strategies 52

Supply Chain Game Changer

MARCH 9, 2022

Featuring Our 12 Best Procurement Articles! Procurement operations are the backbone of every company’s supply chain. Fundamental to procurement is the acquisition of goods and services from a party that’s further up the supply chain. This document is the first legal contract in the operational procurement process.

Optimal Sourcing 108

Optimal Sourcing Manufacturing Procurement Procurement Solutions Procurement Analytics 108

ivalua

JUNE 6, 2019

Managing Director, Art of Procurement. Everything procurement delivers – from savings to risk mitigation to value – is predicated on having access to clean, trustworthy data. He gave a keynote presentation about his company’s procurement and supply chain transformation journey – one that is still underway.

Manufacturing Procurement 100

Manufacturing Procurement Sourcing Strategies Optimal Sourcing Data 100

SCMDOJO

SEPTEMBER 18, 2023

Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. So, get ready to elevate your communication skills and gain a deeper understanding of the procurement domain.

Negotiating Skills 97

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 97

SYSPRO Smarter ERP

MARCH 2, 2022

To deal with the new challenges in managing and planning the supply chain , the procurement department is one of the functions that should look at changing. It is no longer sufficient for procurement to focus just on supplier costs, placing orders and ensuring goods are received. Risk management. Collaboration with Finance.

Optimal Sourcing 116

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Software 116

Supply Chain Game Changer

OCTOBER 28, 2021

Featuring Our 12 Best Procurement Articles! Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. This is an exciting time to be a procurement practitioner, as well as a vendor of ProcureTech solutions.

Optimal Sourcing 89

Optimal Sourcing Procurement Supply Chain Planning Software Modeling Software 89

Precoro

DECEMBER 11, 2023

In this blog post, we explore what constitutes the strategic sourcing process, how to design and execute such a process, and how it can help your organization thrive. As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Precoro

NOVEMBER 7, 2022

In order to run a successful business, you need a dedicated procurement team to obtain these essential goods and services, ensure timely delivery, and nurture good relationships with your vendors. Paying for offices, utilities, technology subscriptions, and cleaning services is also part of the procurement team's responsibility.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 52

EC Sourcing Group

AUGUST 24, 2021

Category management in procurement is an integral part of the procurement strategy in which procurement managers take specific products or services and divide them into certain categories. Read on to learn more about category management and how to optimize it during Covid-19. Define spend categories.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Price Mitigation Strategies Supply Chain Optimization 52

ivalua

MAY 30, 2023

Ivalua Spend Management Insights [ivory-search] 3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation May 30, 2023 | | Procurement Strategy by Sara Omer What is the Saudi Vision 2030 Program? Procurement and supply chain teams will play a crucial role in making this vision a reality.

Manufacturing Procurement 49

Manufacturing Procurement Procurement Solutions Resource Reduction Price Reduction 49

Logistics Bureau

AUGUST 2, 2021

On this blog and the one published by our sister company Logistics Bureau, we often receive questions relating to metrics suitable for monitoring procurement performance. To answer some of those inquiries, we decided to release the following brief overview of what we believe to be the most helpful procurement KPIs.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

EC Sourcing Group

DECEMBER 5, 2022

Compliance is one of the essential pieces of procurement management. Contract sourcing and strategic sourcing are two different strategies that ensure you are able to get the best deals from your suppliers while still adhering to company policy. Consider different spend categories. Decide on a sourcing strategy.

Negotiating Skills 52

Negotiating Skills Sourcing Strategies Purchasing Skills Sourcing 52

Supply Chain Game Changer

JULY 14, 2021

Featuring Our 12 Best Procurement Articles! Procurement and Sustainability are your business’ Yin and Yang. Procurement and Sustainability are two disciplines and business functions that exist in a perfectly harmonious contradiction. Procurement is fundamentally centered around the act of acquisition and/or buying.

Optimal Sourcing 98

Optimal Sourcing Procurement Sustainability Material Savings 98

ivalua

MARCH 14, 2019

It’s a question that you can answer for yourself at Ivalua Now – The Art of Procurement , being held, appropriately enough, at The Louvre, Paris 10 th – 12 th April. But now with strategic sourcing and category management, the process has become much easier to track, monitor and control. Register here for Ivalua NOW Paris.

Procurement Analytics 100

Procurement Analytics Procurement Purchasing Skills Eliminating Excel in Purchasing 100

NC State SCRC

JANUARY 2, 2024

As President and CEO Restaurant Supply Chain Solutions (RSCS) , Todd Imhoff is responsible for all aspects of RSCS’s business strategy, overseeing the quick-service restaurant industry’s largest supply chain cooperative. We had almost no outages or shortages across any of our categories in any of our businesses.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software Supply Chain Strategy Supply Chain Design 52

ivalua

MAY 9, 2023

But, the competitive landscape for procurement software is very different. However, this strategy may lead to a lack of options and price volatility within the market. As a salesperson, the complexity of public procurement may seem daunting. Get ready for revolutionary Public Sector spend and procurement management.

Vendor Strategies 246

Vendor Strategies Procurement Solutions Manufacturing Procurement Sourcing Strategies 246

Supply Chain Game Changer

NOVEMBER 13, 2018

Guest blog post provided by Milan Vyas. Check out What Exactly Is Procurement? There has been transformation in the Procurement function over the past decade. The strategy is to shift the company’s focus from the current “transaction” oriented independent buying of goods and services to a “product” oriented strategic approach.

Manufacturing Procurement 73

Manufacturing Procurement Optimal Sourcing Procurement Analytics Cost Reduction Strategies 73

EC Sourcing Group

MARCH 9, 2021

Top 5 Ways to Optimize Your Procurement Strategy. There are a lot of moving parts in procurement, and it’s easy sometimes to keep following the same processes you always have because you are achieving moderate success. Change when it comes to procurement, sourcing, and supply chain management makes people nervous.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Vendor Strategies Cost Reduction Strategies 52

QAD

FEBRUARY 7, 2023

Segment the Supply Base The first step in the SRM process is to take a look at your suppliers and determine the appropriate categories to score them on based on your goals. Those in charge of SRM must establish a strategy that generates a beneficial relationship for both parties. Let’s break down that process.

Price Reduction 97

Price Reduction Material Savings Vendor Strategies Inventory Reduction 97

EC Sourcing Group

NOVEMBER 3, 2021

MORRISTOWN, NEW JERSEY, UNITED STATES, November 3, 2021 / EINPresswire.com / — For the fifth consecutive year, EC Sourcing Group has ranked as a ‘Customer’ and ‘Value’ leader for sourcing by leading procurement technology analyst firm, Spend Matters.

EC Sourcing 52

EC Sourcing Optimal Sourcing Sourcing Strategies Benchmarking 52

NC State SCRC

APRIL 2, 2023

A general definition in a 2019 study of procurement COE’s by CAPS Research involved bringing together experts to focus on a common set of activities, including business intelligence and analytics, technology, risk management, process redesign, e-sourcing, improved skills, P2P purchasing, and SRM, and category management.

Sourcing Strategies 52

Sourcing Strategies Resource Reduction Cost Reduction Strategies Inventory Reduction 52

Supply Chain Game Changer

AUGUST 5, 2021

Whether you’re whipping up a pot of Sunday gravy or building strategy, process, and/or adopting new systems for Supplier Management it’s important to identify your secret recipe of essential ingredients for success. Ounces | Sustainable Procurement Initiatives. But, one can’t evolve a pasta sauce without trying new things either.

Supplier Management 98

Supplier Management Optimal Sourcing Sourcing Strategies Vendor Strategies 98

Procurement Academy

JUNE 7, 2022

However, cost and competition still need to be at the forefront of supply chain and procurement decision-making, or the business will suffer. However, before forging ahead, there are several questions that supply chain and procurement professionals should think about: What’s the risk? The rise of re-shoring and near-shoring.

Manufacturing Procurement 52

Manufacturing Procurement Sourcing Strategies Sourcing Material Savings 52

Procurement Academy

JUNE 7, 2022

However, cost and competition still need to be at the forefront of supply chain and procurement decision-making, or the business will suffer. However, before forging ahead, there are several questions that supply chain and procurement professionals should think about: What’s the risk? The rise of re-shoring and near-shoring.

Manufacturing Procurement 52

Manufacturing Procurement Sourcing Strategies Sourcing Material Savings 52

Supply Chain Game Changer

NOVEMBER 28, 2018

Blog originally published at, and permission to publish here provided by Sam Jenks at, [link]. Check out Supplier Collaboration is a Win-Win Strategy! In relation to collaborative supplier innovation, it is important that procurement and sourcing teams remember that the supplier is an equal party/partner in the collaboration.

Innovation 59

Innovation Procurement Analytics Resource Reduction Procurement Solutions 59

Supply Chain Game Changer

MARCH 2, 2021

Commodity (or Category) Management – What is your Buying Strategy? Procuring and trading metal is big business, especially if you are in the construction or manufacturing industries. Commodities traders should take advantage of these trends, and consider procuring and trading in “environmentally friendly” metals.

Trends 90

Trends Manufacturing Procurement Global Industrial 90

EC Sourcing Group

JANUARY 11, 2021

There are many different stops within that supply chain along the way, such as procurement and procurement management. Within the procurement of goods, there are many processes as well, such as sourcing and the role of reverse auctions in strategic sourcing. What is our sourcing strategy? Do we have suitable suppliers?

Negotiating Skills 52

Negotiating Skills Manufacturing Procurement Sourcing Strategies Optimal Sourcing 52

Resilinc

JANUARY 31, 2023

Resilinc’s customers use the service to plan purchasing strategies, identify cost arbitrage opportunities, leverage pricing negotiations, and gain competitive advantages. 1 Manufacturing Disruptions The biggest news in CommodityWatch AI ’s 2022 data is that Higher Consumption played a much smaller role in 2022 than it did in 2021. . #3

Negotiating Skills 62

Negotiating Skills Purchasing Skills Manufacturing Procurement Price Reduction 62

Precoro

APRIL 18, 2023

In this blog post, we'll answer the following questions: What is supply chain visibility? Shipping Rates Delivery cost makes up a significant part of a company’s procurement expenses, so visibility is essential for taming the spending. After that, it can be sorted into different categories.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Real-time Visibility Supply Chain Software 98

HICX Solutions

MAY 12, 2023

On September 21 & 22, over 5,000 people from numerous leading global corporations came together for DPW Amsterdam 2022 to share their experiences about a wide range of topics in Procurement and Supply Chain. Automate the simple As Sam explains, “We need to break our procurement teams free from the day-to-day tasks that burden them.”

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Vendor Strategies Optimal Sourcing 52