American City & Country

NOVEMBER 18, 2024

Develop a Strategic Procurement Plan Procurement shouldn’t be reactive; it should be proactive. Start by developing a strategic plan that aligns procurement goals with your organization’s overall objectives. This not only reduces manual labor but also minimizes errors and improves procurement efficiency.

Purchasing 58

Purchasing Procurement Supplier Supply Chain 58

ivalua

FEBRUARY 10, 2023

This could include negotiating more favorable terms with suppliers or renegotiating existing contracts to ensure that prices remain competitive. You can also use its eSourcing solution to create RFPs, receive bids from qualified suppliers, analyze supplier performance and manage contracts in one place.

Price 105

Price Supply Chain Supplier Procurement Team 105

ivalua

MARCH 9, 2023

It starts with identifying the right suppliers for a need, sharing requirements and evaluating supplier offers, selecting the most appropriate supplier, negotiating terms and contracting with them to receive goods and/or services. Source-to-Pay is typically broken into two parts – upstream and downstream.

Supplier 52

Supplier E-procurement Supply Chain Procurement 52

ivalua

AUGUST 17, 2021

However, it is important to understand the differences and varying degrees of focus between direct and indirect spend in procurement and sourcing. The answer for many organizations is to ensure employees have access to pre-negotiated catalogues of goods and services which they can shop from on an as needed basis.

Procurement 52

Procurement Supply Chain E-procurement Procurement Team 52