ProcurePort

DECEMBER 26, 2023

In the dynamic landscape of modern business operations, the Procure-to-Pay (P2P) process stands as a linchpin, connecting the various facets of supply chain management into a seamless and efficient workflow.

Procurement 52

Procurement Supply Chain Supply and Demand 52

ProcurePort

NOVEMBER 27, 2023

Procurement as a Compliance Driver: Thorough vendor due diligence is essential, encompassing financial stability, adherence to labor laws, environmental practices, and ethical conduct. appeared first on ProcurePort Blog.

Optimal Sourcing 52

Optimal Sourcing Procurement Continuous Improvement Supply Chain Software 52

New Horizon Supply Chain Blog

FEBRUARY 8, 2024

Introduction: Procurement Planning for Distribution-Intensive Businesses Procurement planning is not a widely recognized category of supply chain software, but it should be. This article outlines five key challenges faced by buyers that can be addressed by a new type of procurement planning software, which we call a “buyer’s workbench.”

Procurement Solutions 52

Procurement Solutions Optimal Sourcing Supply Chain Planning Software Manufacturing Procurement 52

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 81

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 81

QAD

APRIL 27, 2023

Earlier this year, QAD hosted a live webinar to explore and analyze the trends that are likely to dominate the procurement world over the coming months. It’s no secret that procurement teams have an amplified role within their businesses and that many are left with questions — our goal was to offer answers.

Manufacturing Procurement 97

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 97

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 97

Negotiating Skills Optimal Sourcing Procurement Analytics Manufacturing Procurement 97

My Office Apps

DECEMBER 7, 2023

Boost Your Business Profits with Efficient Procurement and Inventory Management Software Are you searching for ways to enhance your business’s profitability? One area with significant potential for improvement is procurement. Building Strong Relationships with Suppliers: Efficient procurement goes beyond just placing orders.

Inventory Reduction 86

Inventory Reduction Inventory Management Software Cost Reduction Strategies Optimal Sourcing 86

QAD

APRIL 7, 2022

Procurement, also sometimes known as purchasing, is the group responsible for acquiring components, services, and other materials to manufacture a company’s products and to keep the operation running. But corporate procurement isn’t quite as simple as placing an order on Amazon or another web marketplace. Basic Responsibilities.

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Manufacturing Procurement Procurement Solutions Negotiate Pricing Purchasing Skills 95

ProcurePort

NOVEMBER 10, 2023

Agile Procurement involves a new way of thinking. Successful examples show that being flexible in procurement brings better responsiveness, smoother processes, and strong supplier relationships. It promotes flexible sourcing and working closely with suppliers. It also involves adapting plans and constantly improving through feedback.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Optimal Sourcing Procurement Supply Chain Planning 52

ProcurePort

OCTOBER 25, 2023

However, it also means dealing with challenges like reliable vendors, following regulations, protecting data, and […] The post A Vendor Management Guide for Procurement Leaders appeared first on ProcurePort Blog.

Vendor Strategies 52

Vendor Strategies Procurement Cost Reduction Strategies Supply Chain Strategy 52

Procurement Academy

JUNE 30, 2022

During the 1970’s oil crisis and the rampant inflation that followed, skilled procurement professionals were in demand more than ever before. While professionals have superior technology and analytics on their side, the challenges associated with procurement in a high inflation environment remain the same – and so do the solutions.

Procurement Analytics 95

Procurement Analytics Procurement Solutions Procurement Purchasing Skills 95

ProcurePort

NOVEMBER 10, 2023

Continuous Adaptation and Collaboration: Dynamic Risk Management is the practice […] The post What is the importance of risk management to procurement? appeared first on ProcurePort Blog.

Risk Management 52

Risk Management Procurement Supply Chain Disruption Supply Chain Software 52

ProcurePort

JUNE 17, 2023

As businesses strive to create leaner, more efficient operations, procurement software has emerged as a critical tool in this endeavor. This technology streamlines supply chain management, makes purchasing more transparent, and promotes more strategic decision-making.

Procurement Solutions 52

Procurement Solutions Supply Chain Software Procurement Software 52

Procurement Academy

JANUARY 22, 2021

The key to successful procurement operations is having superb financial management. Indeed, spending is the primary action in procurement, and a misalignment in your finances can easily impact your procurement plans and disrupt your access to the supply chain. and how you can do it. Avoid Common Problems.

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Negotiating Skills Optimal Sourcing Procurement Buyer Training 105

Supply Chain Game Changer

SEPTEMBER 22, 2022

The Reality of Automation in Procurement! All of these are the challenges of working in procurement, necessitating an automated procurement system. But procurement is one of the most integral parts of running an operation. Today, we’re covering automated procurement and how it can help your business in the future.

Procurement Solutions 101

Procurement Solutions Supply Chain Software Inventory Management Software Optimal Sourcing 101

Requis

FEBRUARY 7, 2023

In Part Two of this series, this blog discusses how advanced technologies and digital platforms support improved connectivity and communication between suppliers and buyers in digital procurement. This includes embracing advanced digital procurement platforms.

Supply Chain Network Software 52

Supply Chain Network Software Optimal Sourcing Procurement Supply Chain Software 52

SYSPRO Smarter ERP

JULY 12, 2022

As supply chain disruptions continue the procurement function should adapt to improve transparency, build collaborative relationships, and ensure sustainable sourcing practices, resulting in a stronger, more resilient supply chain with Cloud ERP for manufacturing. However, as teams become remote manual procurement has hampered operations.

Manufacturing Procurement 105

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement Solutions 105

QAD

JUNE 29, 2021

In their list of common nightmare scenarios to try to prepare for, few procurement leaders could have predicted the business disruptions of 2020. QAD Adaptive ERP addresses issues procurement teams face involving supply and sourcing decisions, supplier quality, and the means to improve integrated supplier activities. Where to Start.

Optimal Sourcing 94

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Prescriptive Analytics Software 94

QAD

JANUARY 24, 2023

It is no secret that procurement executives are constantly seeking innovative ways to maximize efficiency and address unexpected supply disruptions. However, procurement is evolving into much more than the most cost effective option since the cheapest option often involves real world atrocities like child and forced labor.

Supply Chain Software 97

Supply Chain Software Manufacturing Procurement Optimal Sourcing Procurement 97

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

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

OptiProERP

DECEMBER 18, 2023

Procurement and purchasing are terms interchangeably used in manufacturing but are distinct activities. In this blog, we will see how purchasing and procurement differ. From invoicing, making payments, and managing suppliers, procurement saves time while building positive supplier relationships.

Manufacturing Procurement 52

Manufacturing Procurement Purchasing Skills Procurement Solutions Negotiating Skills 52

SYSPRO Smarter ERP

MAY 30, 2022

Disruptions like the pandemic, supply shortages, global trade barriers, high customer expectations and inflation all add tremendous pressure on the procurement process. Despite this, only 33% of businesses invested in procurement and sourcing technologies. Using ERP to improve purchasing transparency.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 105

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. The situation changes with a larger number of suppliers.

Optimal Sourcing 116

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

EC Sourcing Group

MAY 17, 2023

Spend classification can often go unnoticed, despite its critical influence over successful procurement strategy. In this blog post, we’ll explore the significance of spend classification in eSourcing and its vital connection to eSourcing technology platforms. There are three main benefits to ensuring accurate classification of spend: 1.

Optimal Sourcing 52

Optimal Sourcing Negotiating Skills Negotiate Pricing Sourcing Strategies 52

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

Eyvo

DECEMBER 1, 2020

What awaits the procurement industry in 2021? It goes without saying that procurement will have a different and more refined approach in the coming year. While countries are slightly opening their doors, it is crucial that procurement makes changes that prepare them for what is coming. by Bhargavi Nake.

Optimal Sourcing 75

Optimal Sourcing Procurement Trends Supply Chain Software 75

SYSPRO Smarter ERP

MAY 30, 2022

Disruptions like the pandemic, supply shortages, global trade barriers, high customer expectations and inflation all add tremendous pressure on the procurement process. Despite this, only 33% of businesses invested in procurement and sourcing technologies. Using ERP to improve purchasing transparency.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 98

Procurement Academy

JULY 22, 2022

For procurement professionals, it’s a core skill that’s essential to be well practiced in. A negotiator must have the skills to implement his promises after bargaining ends as ethics in procurement is a key skill to learn. The post 7 key skills for successful supply chain and procurement negotiation appeared first on Skilldynamics.

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Negotiating Skills Pricing Training Purchasing Training Negotiate Pricing 111

ProcurePort

DECEMBER 2, 2021

The COVID-19 pandemic wreaked havoc, disrupted supply chains, and biotech procurement operations for thousands of companies around the country. The current biotech procurement challenges being faced by Chief Procurement Officers and their teams are colossal.

Biotech 52

Biotech Procurement Supply Chain Company 52

Supply Chain Matters

MARCH 8, 2022

The Supply Chain Matters blog features our annual listing of our most read blog commentaries that were published and of keen interest to our readers during the year 2021. For these reasons, we elected to expand our profile from ten to the top twenty-five blogs of interest in the prior year. as well as select opportunities.

Supply Chain Planning Software 52

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

ProcurePort

SEPTEMBER 8, 2022

• Strategic procurement refers to a long-term plan to enhance the supply of specific goods and services essential to meeting an organization’s core objectives. Strategic procurement is a […]. The post Strategic Procurement and Supply Chain Management: What is it? appeared first on ProcurePort Blog.

Negotiating Skills 52

Negotiating Skills Optimal Sourcing Procurement Supply Chain Planning 52

ProcurePort

JUNE 29, 2022

• Robust and flexible procurement strategy can help you reduce operational and logistical experiences and equally serve as a competitive advantage. So, it’s advisable to put considerable time into designing a procurement strategy […]. . •

Sourcing Strategies 52

Sourcing Strategies Cost Reduction Strategies Supply Chain Strategy Sourcing 52

ProcurePort

JUNE 15, 2022

• The goal of procurement is to keep up with an organization’s emerging product and supply chain needs to meet the business’s end goals. Procurement is a strategic process involving identifying, selecting, negotiating, and settling contracts with suppliers. But what is the purpose of procurement?

Negotiating Skills 59

Negotiating Skills Quality Procurement Purchasing Skills 59

SYSPRO Smarter ERP

JANUARY 12, 2022

Procurement in manufacturing companies is often not done correctly. With direct and indirect materials making up at least 50% of typical manufacturing costs, the procurement function could be re-imagined so companies can be more responsive to customer demands and more agile when dealing with supply chain challenges.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Procurement Solutions Supply Chain Planning Software 105

QAD

MARCH 31, 2020

Inevitably, the procurement process is complex and challenging to manage. Procurement System Improvement Goals. Recognizing the vital importance of procurement to their business, ANCA management set about finding a tool to help. Streamlined Component Procurement. A more complex purchasing activity is hard to imagine!

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Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement 119

Procurement Academy

JUNE 15, 2022

Ethics play a major role in procurement and with the increasing use of technology and consumer behavior changes, it’s something to take seriously as an organization. An example of how ethics comes into play in procurement is in supplier selection, evaluation, negotiation and ultimately awarding business. Fair and unbiased treatment.

Pricing Training 52

Pricing Training Purchasing Training Procurement Buyer Training 52