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6 Essential Procurement Training Courses for Professionals: How To Begin and Advance Your Career in Procurement

SCMDOJO

Procurement training equips you to excel in the corporate world by teaching you everything from supplier dynamics to negotiating strategies. Choose between a broad overview of procurement and a focused course that focuses on certain topics like strategic sourcing, contract management, or supplier relationship management.

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Supply Chain Department – A Typical Structure

SCMDOJO

This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. Procurement Procurement involves sourcing and acquiring the materials or products needed for production. Communicate with suppliers to source materials, negotiate pricing, and ensure timely deliveries.

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8 Supplier Management Best Practices any bussiness can implement

Precoro

It can either make you a company's superhero or add extra headaches and purchasing risks because poor supplier management leads to the following problems: Missed saving opportunities and not enough leverage in negotiating with new suppliers. Source: Forbes: What Is The Kraljic Matrix? Source: Supply Chain Quarterly 8.

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How to Set Corporate Goals for Supply Chain ESG

SupplyShift

For companies struggling to prioritize or identify their overarching goals, SASB’s materiality matrix is another excellent starting place. Perform responsible sourcing audits on supply chain areas of deep concern. How will you improve supplier buy-in? They must also follow hard deadlines and KPI targets. Ask for help.

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How to Set Corporate Goals for Supply Chain ESG

SupplyShift

For companies struggling to prioritize or identify their overarching goals, SASB’s materiality matrix is another excellent starting place. Source: sasb.org. These goals fall into one of two primary types: Absolute goals , which only take KPIs into account—for example, reducing GHG emissions 30% by 2025. Secure Buy-In.

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Who is Your Best Supplier?

Supply Chain Game Changer

Listed as a top key finding in a 2020 WBR Insights report it was found that, “The top concern for procurement professionals is making buying decisions without the necessary insight” (WBR Insights 2020). Sure, you can try and shuffle through the rows and columns of your Excel Hell, build custom algorithms, and visualize a bar chart.

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Supply Chain Analytics: Benefits, Challenges & Architecture

SCMDOJO

To accomplish this, supply chain analytics collects, analyzes, and synthesizes data from a wide variety of sources. This involves examining and enhancing processes like sourcing, manufacturing, logistics, inventory management, and delivery.