Procurement operations teams face big challenges, even if they have access to data from procurement KPIs. First, getting their stakeholders to use contracts that are pre-approved by procurement and include specific and necessary terminology. Second, convincing...
While we might think of procurement as a single discipline, it’s more complicated than that. There is direct procurement, which is what most people think of when they hear the term “procurement.” This is the sourcing of the raw materials needed for production....
This blog was refreshed on October 12, 2023. Procurement teams don’t just ensure that the raw materials, components, and parts arrive on time, on budget, and on spec. In many organizations, the procurement team is also responsible for Maintenance, Repair, and...
Raw materials procurement can get chaotic, so it’s vital for raw material procurement teams to find the best ways to procure raw materials while staying ahead of price increases. One way they can do this is to use predictive on time in full (OTIF) to avoid...
When you talk to sourcing professionals, one of the procurement challenges that will repeatedly be raised is logistics. The transportation of materials and supplies to production locations, and the delivery of finished products to customers. Logistics is...
If you’ve been searching for a way to get ahead of price increases and shortages, predictive sourcing might just be the light at the end of the tunnel you have been searching for. Bringing together the procurement and supply chain communities, we hosted a webinar on...
This blog was refreshed on October 16, 2023. When it comes to procurement, CapEx (Capital Expenditure) is often overshadowed by OpEx (Operational Expenditure). However, as industries undergo transformative changes, CapEx procurement is gaining prominence....
Procurement and sourcing professionals know that strong category knowledge is critical to a successful RFP. That’s why we want to shine a light on best practices for sourcing a category that often gets overlooked: packaging. What is a Packaging RFP, and Why is it More...
Within many organizations, the procurement team is on the front line in terms of saving money. Never leaving money on the table is always a priority, and the idea is that predictive sourcing can achieve savings by negotiating better deals with suppliers. If cost...
Procurement operations teams face big challenges, even if they have access to data from procurement KPIs. First, getting their stakeholders to use contracts that are pre-approved by procurement and include specific and necessary terminology. Second, convincing...
While we might think of procurement as a single discipline, it’s more complicated than that. There is direct procurement, which is what most people think of when they hear the term “procurement.” This is the sourcing of the raw materials needed for production....
This blog was refreshed on October 12, 2023. Procurement teams don’t just ensure that the raw materials, components, and parts arrive on time, on budget, and on spec. In many organizations, the procurement team is also responsible for Maintenance, Repair, and...
Raw materials procurement can get chaotic, so it’s vital for raw material procurement teams to find the best ways to procure raw materials while staying ahead of price increases. One way they can do this is to use predictive on time in full (OTIF) to avoid...
When you talk to sourcing professionals, one of the procurement challenges that will repeatedly be raised is logistics. The transportation of materials and supplies to production locations, and the delivery of finished products to customers. Logistics is...
If you’ve been searching for a way to get ahead of price increases and shortages, predictive sourcing might just be the light at the end of the tunnel you have been searching for. Bringing together the procurement and supply chain communities, we hosted a webinar on...
This blog was refreshed on October 16, 2023. When it comes to procurement, CapEx (Capital Expenditure) is often overshadowed by OpEx (Operational Expenditure). However, as industries undergo transformative changes, CapEx procurement is gaining prominence....
Procurement and sourcing professionals know that strong category knowledge is critical to a successful RFP. That’s why we want to shine a light on best practices for sourcing a category that often gets overlooked: packaging. What is a Packaging RFP, and Why is it More...
Within many organizations, the procurement team is on the front line in terms of saving money. Never leaving money on the table is always a priority, and the idea is that predictive sourcing can achieve savings by negotiating better deals with suppliers. If cost...