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

SCMDOJO

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!

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How to improve relations with suppliers and build the Procurement function of the future

HICX Solutions

The discussion focused on key findings from our recent Voice of the Supplier Survey and reactions to the results from an industry-insider perspective and a supplier point of view.

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Supplier Performance Management – The Ultimate Guide

SCMDOJO

They do not relate to any overall company procurement goals and objectives. Figure 1: SPM Project Stages (Gordon Sherry R, 2008) This organization has created a Procurement Steering Committee with management participation to leverage procurement as a tool to improve business performance.

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Carrying out an accounts payable risk assessment

Taulia

AP processes are often inefficient, time-consuming and manual – and optimizing those processes can provide a significant opportunity to increase the return on investment (ROI) for procurement, as well as strengthening supplier relationships and accessing deeper insights into the company’s future cash flows. External fraud/social engineering.

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Google Will Acquire a 3PL – And Other Supply Chain and Logistics Predictions for 2015

Talking Logistics

Simply put, I admit upfront that my supply chain and logistics predictions below are biased and flawed, but I make them anyway because it’s a fun exercise, and also because I hope it generates some thoughtful conversations and ideas. For related commentary, see: In Logistics, Somebody Has to Own the Assets.

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Delivering Strategic Transformation Through Supplier Experience

HICX Solutions

In this webinar, we join Niko Nurmi , Executive Advisor at Procurement Leaders , as he discusses these challenges and how to overcome them – with Carmen Erhardt , Director of Corporate Purchasing and Head of Global Processes, Operations and Digitalization at Henkel ; and Anthony Payne , CMO at HICX. A supplier experience approach.

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The cost of bad data: Hidden costs

HICX Solutions

Direct costs on the other hand, are those that are already being incurred – they just don’t appear as a line item associated with ‘bad data’ specifically – hence ‘hidden,’ but certainly present. In this article, we’ll turn our attention to these direct hidden costs being racked up by enterprises on an hourly basis.