Precoro

DECEMBER 11, 2023

To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing. Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

The Logistics & Supply Chain Management Society

MAY 15, 2023

Leveraging Your Bargaining Power in Logistics Service Provider Negotiations by LSCMS Shippers’ Council The logistics industry is a complex and constantly evolving ecosystem that plays a vital role in the global economy. Shippers have until quite recently been faced with a daunting challenge when it comes to negotiating with LSPs.

Negotiating Skills 130

Negotiating Skills Buyer Training Logistics Network Optimization Software Logistics 130

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 100

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 100

Precoro

SEPTEMBER 6, 2021

This month, we continue our Procurement Basics series and would like to introduce our readers to yet another set of often misused business terminology. As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Procurement. What Is Procurement Process?

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

Supply Chain Game Changer

MAY 12, 2021

Featuring Our 12 Best Procurement Articles! New age of negotiation article and permission to publish here provided by Sam Jenks at kodiakrating.com. We negotiate on a daily basis. Sometimes negotiations are small and sometimes they hold a bit more value or impact. But, there are two sides to every negotiation table.

Negotiating Skills 69

Negotiating Skills Negotiate Pricing Buyer Training Expense Reduction 69

Logistics Viewpoints

MAY 13, 2024

Coupa’s BSM platform is based on a public cloud that connects 3500 buyers to ~10 million suppliers. This technology allows businesses to unify their procurement, expense management, invoicing, payments, sourcing, contract management, and spend analysis processes and reporting. What an opportunity!”

Procurement Solutions 220

Procurement Solutions Forecasting Software Modeling Software Procurement Analytics 220

ivalua

AUGUST 17, 2021

What does Procurement mean? An organization’s Procurement function is responsible for managing spend, in other words the buying goods and services that are used to make the products sold to customers as well as the purchasing of products and services used to run the organization on a day to day basis. What is Direct Procurement?

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 130

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

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

AUGUST 17, 2021

For those of us working in the field of supply chain and procurement education, it’s an open secret. But the same is most emphatically not true of supply chain and procurement. Skills not technology. But everything else calls for skills, and judgement. And it’s not difficult to see why. And it’s not difficult to see why.

Buyer Training 93

Buyer Training Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 93

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

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 98

Negotiating Skills Optimal Sourcing Procurement Analytics Manufacturing Procurement 98

EC Sourcing Group

JUNE 14, 2023

In the dynamic world of procurement , sourcing teams are constantly on the lookout for innovative strategies to drive cost savings and improve supplier relationships. With increasing interest from companies of all sizes around the globe, reverse auctions are revolutionizing the way sourcing teams approach negotiations.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Negotiating Skills Negotiate Pricing 52

EC Sourcing Group

AUGUST 30, 2022

How to Master Reverse Bidding : A Guide for Buyers . For years, negotiations were performed by email or phone with a RFP (request for proposal) or an RFQ (request for quotation), which was a time-consuming and stressful process. However, the “analog” way of negotiations is long gone, thanks to reverse bidding and eAuction software.

Buyer Training 52

Buyer Training Negotiate Pricing Negotiating Skills Material Savings 52

EC Sourcing Group

DECEMBER 5, 2022

Contract Compliance and Strategic Sourcing. Compliance is one of the essential pieces of procurement management. Contract sourcing and strategic sourcing are two different strategies that ensure you are able to get the best deals from your suppliers while still adhering to company policy. Decide on a sourcing strategy.

Negotiating Skills 52

Negotiating Skills Sourcing Strategies Purchasing Skills Sourcing 52

Procurement Academy

JULY 15, 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. Training that sticks.

Buyer Training 52

Buyer Training Price Mitigation Strategies Training 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

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.

Manufacturing Procurement 81

Manufacturing Procurement Optimal Sourcing Negotiating Skills Purchasing Skills 81

ivalua

JANUARY 29, 2020

In the UK, we recently had the Prime Minister’s top adviser, Dominic Cummings, talking about the need for “ weirdos and misfits with odd skills ” to shake things up. . What does this mean for procurement and supplier management? That’s not something many procurement professionals traditionally consider. .

Negotiating Skills 213

Negotiating Skills Negotiate Pricing Optimal Sourcing Procurement 213

ivalua

DECEMBER 8, 2020

Procurement’s stature has grown during the COVID-19 crisis as costs, cash flow and supply continuity quickly became top boardroom priorities and homepage news. Across the world, procurement leaders have risen to the challenge. People should be thankful, and procurement practitioners proud. Sharpen Your Sales Skills.

Optimal Sourcing 130

Optimal Sourcing Procurement Solutions Negotiating Skills Purchasing Skills 130

ModusLink Corporation

NOVEMBER 30, 2021

The introduction of E-Procurement: Price and availability are not the only factors to be considered in a purchasing decision, especially now that a strong supply chain has become an unmissable element for every company in today’s business climate (Namulo, 2017). Furthermore, e-procurement enables price negotiation and supplier evaluation.

Manufacturing Procurement 78

Manufacturing Procurement Procurement Solutions Optimal Sourcing Negotiating Skills 78

Procurement Academy

MARCH 14, 2024

With countless options available in the market, it’s crucial to find a solution that aligns with your organizational objectives and addresses your specific skill gaps. Additionally, explore partnerships or collaborations with external training providers to leverage their expertise and access a broader range of learning resources.

Buyer Training 96

Buyer Training Material Savings Resource Reduction Price Mitigation Strategies 96

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

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

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

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

JANUARY 31, 2024

As companies increasingly recognize the importance of optimizing their supply chains, the demand for skilled professionals in this field is on the rise. These factors include education, certifications, additional skills, and the number of years you have spent in your profession. per hour. .

Supply Chain Design Software 74

Supply Chain Design Software Purchasing Skills Buyer Training Supply Chain Design 74

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

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

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

The Logistics & Supply Chain Management Society

OCTOBER 14, 2021

In other words, halal requires an organisation of the supply chain instead of just the factory: from source all the way up to point of consumer purchase. The halal knowledge of logistics service providers and distributors can be very minimal, as training on halal logistics is often not offered by the organisation and brand owner.

Pharmaceutical 237

Pharmaceutical Buyer Training Supply Chain Software Supply Chain Strategy 237

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. It can then generate new content using prompts that resemble the original training data.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

Supply Chain Game Changer

OCTOBER 29, 2020

Freight sourcing team article and permission to publish here provided by Katharine Barrios at xeneta.com. Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. These are the must-haves for any effective freight sourcing team. Email Address.

Sourcing Strategies 75

Sourcing Strategies Negotiating Skills Optimal Sourcing Negotiate Pricing 75

EC Sourcing Group

AUGUST 16, 2022

Unethical Sourcing Practices in Procurement and How to Avoid Them. In procurement, unethical practices can be hard to spot. It’s critical to understand what makes up ethical vs. unethical practices within your procurement function. Unethical Procurement Practices : Examples of Unethical Behavior. Favoritism.

Sourcing 40

Sourcing Procurement Negotiate Pricing How To 40

Precoro

MAY 22, 2023

This process, known as IT procurement, requires comprehensive steps with clear objectives and vendor selection criteria to ensure that technology investments align with business goals and yield a return on investment (ROI). This article encompasses the best practices for planning and executing successful IT procurement strategies.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

SCMDOJO

MARCH 19, 2024

While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc. Watch What is Marketing Procurement? on our SCMDOJO YouTube Channel! Why do you need a structured Supply Chain Department?

Optimal Sourcing 78

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 78

Procurement Academy

JUNE 7, 2022

In the 1970s and 80s, savvy organizations began to realize that they could make significant savings by sourcing raw materials and parts from markets such as Taiwan, Singapore, and China. However, cost and competition still need to be at the forefront of supply chain and procurement decision-making, or the business will suffer.

Manufacturing Procurement 52

Manufacturing Procurement Sourcing Strategies Sourcing Material Savings 52