ivalua

JUNE 6, 2022

Despite how critically important data is, most of us have not been formally trained to use it. This lack of training can be seen in common sourcing activities. Only after the contract has been signed does procurement start raising relevant questions around data. The post Is Your Procurement Data Fit for Purpose?

Optimal Sourcing 130

Optimal Sourcing Procurement Data Pharmaceutical 130

Procurement Academy

OCTOBER 19, 2023

A crucial part of successful procurement strategies is the art and science of negotiation. Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract.

Negotiating Skills 52

Negotiating Skills Pricing Training Negotiate Pricing Purchasing Training 52

ivalua

SEPTEMBER 25, 2020

A shortage of digitally savvy talent, and a lack of training for technical and soft skills, hinder digital procurement initiatives. Additionally, over half (55%) of UK businesses say that digital skills in procurement are less advanced compared to other departments. Challenges in hiring digital skills in procurement.

Buyer Training 188

Buyer Training Optimal Sourcing Procurement Analytics Software 188

Procurement Academy

OCTOBER 2, 2023

In this environment, making the decision to properly invest in training that is timely, specialized, and high-quality can make or break an organization’s ability to stay ahead of the curve in shifting industry landscapes. In specialist industries, like supply chain or procurement, this task is even more crucial.

Buyer Training 52

Buyer Training Training Price Mitigation Strategies Supply Chain Planning Software 52

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. Ethics training.

Pricing Training 52

Pricing Training Purchasing Training Procurement Buyer Training 52

Procurement Academy

NOVEMBER 13, 2023

Incorporating a robust corporate training program into your business is a highly effective means to upskill your current employees, attract new talent, and foster a strong company culture. Historically, training programs, especially those based on eLearning, encountered challenges in proving their value.

Purchasing Training 52

Purchasing Training Price Mitigation Strategies Buyer Training Material Savings 52

Unleashed

JANUARY 8, 2024

Procurement management directly impacts your bottom line, making it a critical component of running a profitable product-based business. In this article, we look at the different stages of procurement management. We’ll also explore project procurement management and the relationship between procurement and supply chain management.

Procurement Solutions 52

Procurement Solutions Pricing Training Negotiating Skills Purchasing Skills 52

Procurement Academy

MARCH 16, 2021

Role-based training plays a crucial role in streamlining business operations. It is a practical approach that allows for training in the context of a specific role and resources or skills required to perform that particular role. Here are five reasons role-based training will benefit your company. Personalized Training .

Buyer Training 69

Buyer Training Training Price Mitigation Strategies Material Savings 69

Procurement Academy

SEPTEMBER 2, 2022

Role-based training plays a crucial role in streamlining business operations. It’s a practical approach that means training is delivered in the context of a specific role and gives the learner all the resources and skills required to perform their particular role. Five reasons role-based training will benefit your company: 1.

Buyer Training 52

Buyer Training Training Price Mitigation Strategies Material Savings 52

ivalua

MAY 6, 2021

The past few years have been a boon for procurement, which has become increasingly strategic and critical to business. The pandemic has accelerated this trend, with the Procurement function front and center in the fight to ensure supply chain resilience and continuity, reduce costs and protect the bottom line.

Optimal Sourcing 130

Optimal Sourcing Supply Chain Software Negotiating Skills Predictive Analytics Software 130

Procurement Academy

JUNE 15, 2022

Ethics play a major role in procurement and with 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. Ethics training.

Pricing Training 52

Pricing Training Purchasing Training Procurement Buyer Training 52

Procurement Academy

OCTOBER 26, 2022

New report reveals the challenges of employee turnover – and how training can bridge the gap and drive corporate outcomes. This retention challenge is coming at the worst possible time for the procurement function. The number of procurement jobs has skyrocketed, which in turn has led to organizations offering higher salaries.

Buyer Training 52

Buyer Training Procurement Price Mitigation Strategies Price Reduction 52

Proxima

FEBRUARY 8, 2023

Are you ready for the changes to procurement rules? Public procurement laws are changing. The UK Government’s Procurement Bill is working its way through Parliament and now could be introduced as early as the end of 2023. The changes to procurement law are seen as a benefit of Brexit by the UK Government.

Procurement 52

Procurement Buyer Training Government Training 52

Procurement Academy

DECEMBER 20, 2018

Procurement, Supply Chain and Sales Academy Competency Development Experts Companies who provide e-learning face many daunting challenges. One of these is to create courses that have all the effectiveness of traditional classroom training.

Education 53

Education Training Price Mitigation Strategies Procurement 53

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

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 101

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 101

Procurement Academy

SEPTEMBER 2, 2022

But if employers don’t consider the specific needs of the company and employees of all experience levels and positions, then training funds may be going to waste. It’s crucial to establish a training budget for your organization to ensure you allocate appropriate funds for employee development through the year.

Buyer Training 52

Buyer Training Training Price Mitigation Strategies Expense Reduction 52

SCMDOJO

JULY 18, 2023

Contract management plays a crucial role in the procurement process, as it helps ensure compliance, mitigate risks, and optimize supplier relationships. By effectively managing contracts, organizations can maximize the value of their procurement activities and minimize potential issues.

Optimal Sourcing 96

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 96

ModusLink Corporation

SEPTEMBER 1, 2023

Procurement experts face transportation costs, customer demands, and high pressure on global container and air freight rates. But what does that mean for future strategies in procurement ? Let’s rethink everything to figure out what it might be for the future of procurement in light of it all.

Optimal Sourcing 78

Optimal Sourcing Supply Chain Software Supply Chain Planning Software Manufacturing Procurement 78

Synovos

JANUARY 8, 2024

Procurement culture: challenging the old, developing the new One of the biggest challenges facing the indirect procurement industry today is digitalization. Will procurement roles continue to exist? The big question is whether procurement roles like mine will still be around in years to come.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Procurement Cost Reduction Strategies 52

Procurement Academy

AUGUST 25, 2022

Thus, training in logistics management is rightly prioritized by organizations as optimizing this process can lead to increased profits. It is clear that logistics training is a fundamental factor to successfully manage any company’s operations. So how can organizations train employees for effective logistics management?

Buyer Training 52

Buyer Training Price Mitigation Strategies Training Supply Chain Planning Software 52

Procurement Academy

SEPTEMBER 22, 2022

In today’s competitive talent landscape, organizations across sectors struggle to attract the procurement talent they need. According to CIPS Salary Guide , UK procurement salaries grew 4.9% Get your procurement function ready. Create a procurement function with ‘pull’. Provide training for better progression.

Negotiating Skills 52

Negotiating Skills Buyer Training Purchasing Training Procurement 52

Procurement Academy

AUGUST 11, 2022

Managing strategic suppliers effectively is essential for procurement and supply chain teams to improve processes and drive competitive advantage for their organization. Procurement teams must also evaluate whether or not they anticipate a long-term relationship with the supplier to help the organization compete successfully in the market.

Negotiating Skills 52

Negotiating Skills Buyer Training Purchasing Training Procurement Solutions 52

Supply Chain Game Changer

FEBRUARY 11, 2021

But few people really understand what it is, how it works and more importantly, why it is so important to Procurement. This paper seeks to answer those questions and specifically address its benefits to the Procurement process by addressing the following checklist: Checklist. How much time will it take to train?

Procurement 93

Procurement Modeling Software Analytics Software Supply Chain Network Software 93

Procurement Academy

SEPTEMBER 22, 2022

Every organization wants its employees to have the latest skills, but ingraining those skills – no matter how much money is spent on training – isn’t always easy, and failing to do so can be detrimental to the organization’s success. Simply put, training must be engaging for the employee. Getting the topic right.

Buyer Training 52

Buyer Training Training Price Mitigation Strategies Course 52

Precoro

OCTOBER 24, 2022

Procurement is a complex and dynamic process involving strategic planning and several stages of execution, from sourcing to paying and reporting. Supply chain management, purchase requisitions and orders, budget management, and three-way matching – all these processes are integral to procurement as a whole. Lack of Transparency.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Analytics Software Sourcing Strategies 98

Precoro

APRIL 6, 2022

If you're reading this now, then you’ve probably noticed how outdated traditional procurement systems recede into the past and are replaced by new modern solutions. What is Cloud Procurement? All this functionality helps save costs, choose the best vendors, ensure compliance, appraise supplier risk, and streamline procure-to-pay cycle.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Modeling Software Analytics Software 98

Procurement Academy

SEPTEMBER 16, 2022

Our latest research on ‘Breaking the skill-loss cycle in supply chain and procurement’ looks at the complexities of the supply chain and procurement (SC&P) functions and the increasing difficulty for professionals to keep up with the latest changes and technology. The supply chain and procurement landscape.

Buyer Training 52

Buyer Training Research Procurement Supply Chain Software 52

Precoro

AUGUST 26, 2021

Or procurement? Although quite similar, procurement and purchasing are two distinctive processes , and understanding the difference between them can help facilitate your organization’s success. Scroll down to find: Procurement and purchasing: side-by-side comparison table ; Procurement and purchasing defined. Procurement.

Pricing Training 98

Pricing Training Procurement Solutions Procurement Analytics Purchasing Training 98

Procurement Academy

MARCH 14, 2024

By investing in training programs that directly impact employee needs and business outcomes, you can ensure that your budget allocation contributes to the overall growth and success of your company. By providing targeted training and development opportunities, you can future-proof your organization and foster a culture of continuous learning.

Buyer Training 96

Buyer Training Material Savings Resource Reduction Price Mitigation Strategies 96

Logistics Bureau

DECEMBER 9, 2020

For small companies, it is usually enough to have one person dealing with procurement but in large enterprises teams of people are needed, all with specific roles to play. The Finance Manager , on the other hand, controls the financial input and output of the procurement division. How Large Procurement Teams Operate.

Manufacturing Procurement 98

Manufacturing Procurement Pricing Training Procurement Analytics Purchasing Skills 98

Procurement Academy

MAY 11, 2022

London 4 th May 2022 – Supply chain and procurement professionals have a key role in progressing their organizations’ sustainability agendas. The report surveys 210 supply chain and procurement professionals in the UK and US, and includes interviews with leading academics and professional experts on the topic.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Sustainability Buyer Training 52

Procurement Academy

MAY 11, 2022

London 4 th May 2022 – Supply chain and procurement professionals have a key role in progressing their organizations’ sustainability agendas. The report surveys 210 supply chain and procurement professionals in the UK and US, and includes interviews with leading academics and professional experts on the topic.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Sustainability Buyer Training 52

Supply Chain Game Changer

MAY 26, 2020

Hey Procurement! ” Procurement organizations can have the power to spend and control as much as 75-80% of a company’s revenue. Less enlightened organizations still think of Procurement as a back office function processing transactional purchase orders and standard contracts. Procurement! Subscribe Here!

Optimal Sourcing 105

Optimal Sourcing Negotiating Skills Purchasing Skills Purchasing Training 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!

Manufacturing Procurement 119

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement 119

Procurement Academy

JANUARY 5, 2023

Stress was a state of mind for supply chain and procurement professionals during the pandemic. An astounding 98% of the 200 senior supply chain and procurement professionals who took part in our recent study identified significant issues facing their function. Train to retain. A whole lot more stress, apparently.

Buyer Training 52

Buyer Training Procurement Supply Chain Supply and Demand 52

ivalua

SEPTEMBER 25, 2020

The role of procurement has transformed over the last decade, from cost-cutter to a vital ally that can inform and enable business strategy. COVID-19 has only served to cement the procurement department’s status as a key stakeholder. Procurement transformation has widened the digital skills gap.

Buyer Training 100

Buyer Training Optimal Sourcing Analytics Software Procurement 100