Precoro

AUGUST 14, 2023

One of the ways to accomplish this is to establish a procurement team to streamline ordering by centralizing purchases and improving supplier relations. Whether hiring for this role or aiming to be promoted into it, it’s important to identify the most necessary skills for the profession. Read on to learn about them.

Negotiating Skills 98

Negotiating Skills Purchasing Skills Buyer Training Procurement Solutions 98

ivalua

AUGUST 11, 2021

Responsible sourcing is the incorporation of ethical, sustainable and socially conscious principles into sourcing, procurement and overall supply chain management practices. Responsible sourcing requires a shift in thinking and priorities. There is a growing trend among consumers for responsible sourcing or ethical sourcing.

Sourcing Strategies 130

Sourcing Strategies Purchasing Skills Sourcing Expense Reduction 130

Unleashed

JANUARY 4, 2024

Product sourcing, done the right way, can set your business up with the foundations needed for achieving maximum sales. This guide will explain how product sourcing works in modern business, best practices for finding suppliers, and list some of the most popular websites and tools for sourcing goods to sell.

Purchasing Skills 52

Purchasing Skills Manufacturing Procurement Optimal Sourcing Sourcing Strategies 52

Precoro

SEPTEMBER 6, 2021

As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Understanding their distinction can help you ensure the coordination between the responsible teams and adopt the right strategies for improving both sourcing and procurement. Procurement. Contains fewer steps.

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

ShipBob

DECEMBER 28, 2022

Where you get these from, or how you source them, can be a huge decision. Sourcing can seem overwhelming if you’re a brand or retail buyer not entirely sure what you’re doing, but it can significantly impact the quality, cost, and availability of your products. What is strategic sourcing? What is procurement?

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Purchasing Skills Material Savings 52

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

Precoro

JULY 16, 2023

The purchasing department plays a critical role in the success of an organization. Thought-out practices and well-managed workflows within the purchasing department are crucial for making sure that the company has the necessary resources available at the right time and at a reasonable cost.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

Supply Chain Brain

JULY 27, 2023

TradeBeyond’s quarterly Retail Sourcing Report provides a detailed overview of the current state of global retail sourcing to help supply chain leaders make more informed purchasing decisions.

Purchasing Skills 82

Purchasing Skills Procurement Analytics Sourcing Report 82

QAD

APRIL 22, 2021

This is certainly true in the area of strategic sourcing where procurement teams rely heavily on manually intensive efforts to identify and select suppliers. Manufacturers face ongoing challenges in selecting the optimal source of supply for the many materials, products and services they procure. Boost Long-term Supplier Relationships.

Manufacturing Procurement 84

Manufacturing Procurement Optimal Sourcing Negotiating Skills Purchasing Skills 84

ivalua

APRIL 1, 2020

Healthcare supply chain GPO, Intalere, deploys an end-to-end Source to Contract solution across its purchasing functions. has gone live with Ivalua’s Source to Contract solution. Intalere required a fast, efficient and automated source-to-contract process to support the company’s enterprise goals.

Manufacturing Procurement 130

Manufacturing Procurement Sourcing Strategies Purchasing Skills Optimal Sourcing 130

ivalua

APRIL 1, 2020

Healthcare supply chain GPO, Intalere, deploys an end-to-end Source to Contract solution across its purchasing functions. has gone live with Ivalua’s Source to Contract solution. Intalere required a fast, efficient and automated source-to-contract process to support the company’s enterprise goals.

Manufacturing Procurement 147

Manufacturing Procurement Sourcing Strategies Purchasing Skills Optimal Sourcing 147

EC Sourcing Group

APRIL 19, 2023

As consumers become more conscious of unethical supply chain practices and the impact of their purchasing decisions on local economies, companies are increasingly looking to local sourcing to support their communities and foster brand loyalty.

Purchasing Skills 52

Purchasing Skills Optimal Sourcing Sourcing Strategies Expense Reduction 52

Logility

MARCH 17, 2022

Digital supply chain planning and management enables organizations to integrate disparate systems, easily manage supplier compliance and assessments, optimize production schedules, reduce all sorts of risks, and make the sourcing decisions that lead to a stronger supply chain and improved margins as well as profits. Key Takeaways.

Supply Chain Planning Software 155

Supply Chain Planning Software Optimal Sourcing Sourcing Strategies Optimization Software 155

EC Sourcing Group

FEBRUARY 8, 2023

Legacy sourcing methods work against you. From lost opportunities to higher costs, outdated sourcing methods and traditional sourcing strategies can impede your success and the growth of your business. Sourcing Strategies in Procurement: What Is Traditional Sourcing?

Optimal Sourcing 52

Optimal Sourcing Purchasing Skills Sourcing Strategies Negotiating Skills 52

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Essential Skills for Supply Chain Leaders in Asia during Pandemic The Asian Institute of Management conducted a study across orgainsations in Asia to identify crucial skills and competencies required by supply chain managers and leaders in Asia. The logistics industry is known for its cost sensitivity and customer-oriented approach.

Purchasing Skills 130

Purchasing Skills Buyer Training Asia Supply Chain Design Software 130

EC Sourcing Group

DECEMBER 5, 2022

Contract Compliance and Strategic Sourcing. It’s important to ensure that your vendors meet your company’s standards regarding all contracts and purchase orders. The two must work together to keep the source-to-contract process flow working effectively. . What Is the Importance of Strategic Sourcing ? Set deadlines.

Negotiating Skills 52

Negotiating Skills Sourcing Strategies Purchasing Skills Sourcing 52

EC Sourcing Group

DECEMBER 13, 2021

What Is Vendor Sourcing? Generally speaking, vendor sourcing is when you choose vendors to supply you with either goods or services. In years past, vendor sourcing could be an intricate and lengthy process. Read on to learn more about auction vendor sourcing and more about the management process. Contract negotiation.

Purchasing Skills 52

Purchasing Skills Optimal Sourcing Sourcing Strategies Negotiating Skills 52

QAD

MARCH 27, 2024

It’s fair to say that your information is likely not unified in one system offering a single source of truth. This software helps businesses keep track of raw materials, orders, cash, production capacity, purchase orders, inventory levels, and more. An effective PLM plan can increase productivity, eliminate waste and reduce costs.

Supply and Demand 52

Supply and Demand Supply Chain Planning Software Demand Planning Software Demand Planning 52

EC Sourcing Group

OCTOBER 4, 2022

Strategic Sourcing Solutions to Enhance Your Bottom Line. Strategic sourcing is vital to procurement and the supply chain overall, as it allows companies to gain the lowest cost of a good or service while minimizing supply chain risk. What Is Strategic Sourcing?

Negotiating Skills 52

Negotiating Skills Purchasing Skills Sourcing Strategies Procurement Solutions 52

Supply Chain Game Changer

APRIL 28, 2020

In many cases the use of single sourcing, or sole sourcing, Procurement strategies has limited the ability for Supply Chains to access alternate sources of supply and more rapidly support higher than normal demand levels. What is Single Sourcing or Sole Sourcing?

Manufacturing Procurement 82

Manufacturing Procurement Sourcing Strategies Purchasing Skills Sourcing 82

Supply Chain Game Changer

JANUARY 5, 2021

Purchase Price Variance, or PPV, is a common term in the realm of Purchasing/Procurement and Finance. In my experience proactive, attentive, and detailed Purchase Price Variance (PPV) can make an incredible contribution to the profitability of a company. What is Purchase Price Variance (PPV)?

Pricing Training 82

Pricing Training Purchasing Skills Purchasing Training Negotiating Skills 82

ToolsGroup

FEBRUARY 9, 2022

While some orders still delight, a few recent purchases have left me faltering when it comes to your customer experience. And now, you’ve decided to raise the price of my Prime subscription. Amazon Prime’s Price Increase: The Facts at a Glance. On February 3, 2022, Amazon announced its first price increase since 2018.

Purchasing Skills 296

Purchasing Skills Price Reduction Retail Supply Chain Planning Software 296

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. In other words, procurement includes the steps required before, during, and after purchasing commodities from the vendor. Steps in the Procurement Process 1.

Manufacturing Procurement 52

Manufacturing Procurement Purchasing Skills Procurement Solutions Negotiating Skills 52

Precoro

JULY 8, 2022

One should keep in mind that every transaction has an additional hidden cost in labor and overheads, such as the time spent sourcing products, tracking deliveries, matching invoices, and overseeing suppliers. In the article, we look critically at the role of the purchasing manager and discuss how to determine the value of hiring one.

Purchasing Skills 98

Purchasing Skills Manufacturing Procurement Negotiating Skills Procurement Solutions 98

LevaData

APRIL 26, 2022

It's difficult to source and buy direct materials at scale. For example, you have to make sure the supplier you're dealing with makes sense from both a cost and risk perspective. And would real-time marketplace pricing provide more negotiating power than depending on backward-looking "should-cost" data when negotiating with suppliers?

Purchasing Skills 52

Purchasing Skills Manufacturing Procurement Negotiating Skills Negotiate Pricing 52

Supply Chain Brain

MAY 31, 2023

TradeBeyond’s quarterly Retail Sourcing Report provides a comprehensive examination of the current state of global retail sourcing to help supply chain leaders better understand macroeconomic trends and make more informed purchasing decisions.

Purchasing Skills 52

Purchasing Skills Procurement Analytics Sourcing Report 52

ProcurePort

JULY 27, 2022

• Strategic sourcing is a practice in procurement that seeks to utilize a single, integrated process for purchasing and supply chain management. Strategic sourcing tailors data collection, spend analysis, negotiation, market research, and contracting to achieve profitability and efficiency in purchasing and supply chain management.

Negotiating Skills 52

Negotiating Skills Purchasing Skills Sourcing Strategies Sourcing 52

Precoro

OCTOBER 6, 2022

Thorough analysis allows procurement professionals to surface, visualize, and present purchasing patterns, which are then evaluated by the stakeholders. Procurement analytics, built on unbiased data, is often perceived as a single source of truth. How often do purchases happen? How often do purchases happen? By how much?

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 98

ProcurePort

OCTOBER 4, 2022

• There is a lot of work that goes into a company’s sourcing and buying activities beyond just the transaction. In many cases, the nature of the transaction and the intended frequency of purchase will dictate the sourcing process. • The post Supply Chain Sourcing and Buying 101 appeared first on ProcurePort Blog.

Purchasing Skills 59

Purchasing Skills Sourcing Supply Chain Supply and Demand 59

Supply Chain Game Changer

AUGUST 30, 2022

Many businesses use some form of Total Cost of Ownership model to support their Procurement and sourcing decisions. In fact these models are not just used casually, but they often are designed to inform and make optimal sourcing choices. What is a Total Cost of Ownership Model? But price is ALWAYS included.

Optimal Sourcing 103

Optimal Sourcing Purchasing Skills Manufacturing Procurement Negotiating Skills 103

Precoro

AUGUST 31, 2023

To prepare for possible disruptions and to stay cost-efficient in general, companies should be conscious about their spending at all times, and should avoid paying for the things that don’t contribute to business profitability. Cost savings help a business to stay competitive in the market, boost cash flow, and improve the bottomline.

Material Savings 105

Material Savings Cost Reduction Strategies Expense Reduction Price Reduction 105

EC Sourcing Group

SEPTEMBER 20, 2022

Ethics in Sourcing and Procurement Management. Read on to learn more about procurement management and ethics, how to spot unethical behavior, and how your eSourcing software can help you pave the way to an ethical and risk-free sourcing and procurement process. Principles of Ethics in Procurement Management. Proficiency. Protection.

Optimal Sourcing 52

Optimal Sourcing Procurement Solutions Purchasing Skills Sourcing Strategies 52

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 99

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 99

Procurement Academy

OCTOBER 19, 2023

Nonetheless, there is a whole lot more to opimizing procurement processes than just cutting costs and then increasing efficiencies. This is all done alongside the achievement of cost-effective procurement and robust vendor management. The disadvantage of this sourcing strategy is risk concentration.

Optimal Sourcing 52

Optimal Sourcing Vendor Strategies Price Reduction Resource Reduction 52

ivalua

APRIL 2, 2019

Offshore ultra-deep water drilling company to deploy eSourcing globally across its purchasing function. Pacific Drilling requires a fast, efficient and automated sourcing process to support the company’s Purchasing processes. Consus and Ivalua implemented and went live with the solution for Pacific Drilling in just two weeks.

Optimal Sourcing 100

Optimal Sourcing Purchasing Skills Sourcing Strategies Sourcing 100

Unleashed

JANUARY 8, 2024

It pertains to more than the act of purchasing goods and services: procurement management is the process that ensures any purchases from external providers meet the cost requirements, quality, quantity, and timelines of your organisation. In this article, we look at the different stages of procurement management.

Procurement Solutions 52

Procurement Solutions Pricing Training Negotiating Skills Purchasing Skills 52