Five Best Procurement Practices for FMCG Sector

SIPMM Professional Publications

As competition intensifies in the fast-moving-consumer-goods (FMCG) sector, procurement department plays a critical role to manage order planning with budget allocation, budget planning and cost savings, and to ensure delivery on time. Publication Procurement

Key Considerations for Sustainable Procurement

SIPMM Professional Publications

Sustainable procurement has been introduced to a public and private organization for decades and it has now become a “must have” key element to integrate in business strategy for company competitive advantages and sustainable development. Publication Procurement

Crucial Strategies to Prevent Procurement Fraud

SIPMM Professional Publications

In today’s business world it is important for organizations to take steps towards procurement fraud prevention. Procurement fraud costs businesses millions of dollars every year, and the losses can likely be avoided if certain measures are taken to assist in procurement fraud prevention.

Essential Strategies for Alignment of Sustainable Procurement

SIPMM Professional Publications

Today, companies are increasingly recognizing the importance of sustainable procurement. The post Essential Strategies for Alignment of Sustainable Procurement appeared first on SIPMM INSTITUTE. Publication Procurement

How Automation in the Supply Chain Will Make Employees More Strategic & Improve the Overall Supply Chain

Speaker: Adam Robinson, Director of Marketing, Cerasis

We’ll address how automation in the supply chain will provide employees with the following: More Strategic Procurement.

Key Procurement Strategy for the Oil and Gas Industry

SIPMM Professional Publications

An effective procurement strategy is not only a financial plan to manage the budget but also the workflow, and production timelines while keeping everything aligned with the company objectives. The post Key Procurement Strategy for the Oil and Gas Industry appeared first on SIPMM INSTITUTE.

Essential Sustainable Practices for Procurement of Mineral Products

SIPMM Professional Publications

The post Essential Sustainable Practices for Procurement of Mineral Products appeared first on SIPMM INSTITUTE. Publication Procurement

Overcoming Key Challenges of Sustainable Procurement Practices

SIPMM Professional Publications

Companies are increasingly placing more emphasis on sustainability procurement. A global study conducted by EcoVadis revealed that 97% of 120 supply chain professionals are placing a higher level of importance on sustainable procurement than before. Sustainable procurement is […].

The Essential Strategies for a Successful Procurement Negotiation

SIPMM Professional Publications

The post The Essential Strategies for a Successful Procurement Negotiation appeared first on SIPMM INSTITUTE. Publication ProcurementIn today’s hyper-connected and increasingly competitive market, the ability to negotiate effectively is more highly valued than ever before.

Key HACCP Methodology for Seafood Procurement

SIPMM Professional Publications

The post Key HACCP Methodology for Seafood Procurement appeared first on SIPMM INSTITUTE. Publication Procurement

Internet-of-Thing (IoT) Applications for Digital Procurement

SIPMM Professional Publications

Digital technologies will help procurement increase collaboration, analytics, and engagement using a spectrum of tools along the entire procurement value chain, from planning and sourcing to contract negotiations, order delivery, payment, and supplier management.

Data Analytics and Artificial Intelligence for Cognitive Procurement

SIPMM Professional Publications

The post Data Analytics and Artificial Intelligence for Cognitive Procurement appeared first on SIPMM INSTITUTE. Publication Procurement

Essential Strategies for a Successful Procurement Negotiation

SIPMM Professional Publications

The post Essential Strategies for a Successful Procurement Negotiation appeared first on SIPMM ACADEMY. Publication ProcurementThe importance of negotiation in business deals cannot be understated.

Effective Procurement and Key Performance Indicators

SIPMM Professional Publications

Procurement is the process of finding, agreeing terms and acquiring goods, services or works from an external source which ensures that buyer receives goods, services at the best possible price, when aspects such as quality, quantity, time, and location are compared. Publication Procurement

Six Key Strategies to Avoid Procurement Fraud

SIPMM Professional Publications

The post Six Key Strategies to Avoid Procurement Fraud appeared first on SIPMM ACADEMY. Publication ProcurementOne of the significant problems faced by organizations and stores of all kinds and sizes is business fraud.

Procurement + logistics

Logistics at MPEPS at UPV

So, from the procurement view, to evaluate the perfect medium point between cost and quality can be sometimes a little tricky in my experience. Does a provider of procurement logistics offer auditing services, ability to access additional resources and other specific details?

Five Essential Criteria for a Successful Procurement Contract

SIPMM Professional Publications

A procurement contract is a document detailing the legally-binding agreement between a company (the buyer) and supplier who is promising to sell of products and/or services with detailed technical specifications and to fulfill the terms and conditions outlined in the agreement.

Six Procurement Best Practices for the Construction Industry

SIPMM Professional Publications

As competition intensifies in the construction market, procurement department plays a critical role in the construction industry, as it has to manage the project execution and closure in time. Publication Procurement

Assessing your readiness for digital procurement

Fleet Owner

Digitalization is occurring across all areas of business operations, and if you have not done so already, you need to begin exploring how you can move toward digital procurement in your operation

Six Crucial Factors on Cyber Security for Healthcare Procurement

SIPMM Professional Publications

The post Six Crucial Factors on Cyber Security for Healthcare Procurement appeared first on SIPMM ACADEMY. Publication ProcurementCyber Security is a real & ever-present concern for any organization.

[Video] Streamlining and Automating the Procure-to-Pay Process

Talking Logistics

Omar Nadi, Director, Supplier Product Management at Elemica , discusses how companies can streamline and automate the procure-to-pay (P2P) process. Omar Nadi, Director, Supplier Product Management at Elemica, discusses how companies can streamline and automate the procure-to-pay (P2P) process.

The Future of Freight Procurement

Talking Logistics

How should shippers and carriers approach freight procurement in the weeks and months ahead? How are advancements in transportation management systems (TMS) and other technologies helping shippers and carriers procure freight more intelligently and efficiently?

Streamlining and Automating the Procure-to-Pay Process

Talking Logistics

Streamlining and automating the procure-to-pay (P2P) process is something many companies are focused on, especially those dealing with hundreds, if not thousands, of suppliers and high volumes of purchase orders, shipments, and invoices. The order procurement black hole. I began my discussion with Omar by asking him to share some of the challenges procurement people are dealing with in the procurement process. Episode Highlights Elemica P2P procure-to-pay

Automating the procurement process

Fleet Owner

Automating the back office operations not only eliminates paper and manual processes, but it also brings structure to the process and the people involved in your business

7 Tips: A Guide to Mastering Procurement

Material Handling and Logistics

With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing.

Why Transportation Procurement is More than an Event

Talking Logistics

The shift began, and in procurement we saw an increase in bid activity that has continued into 2019. Transportation Procurement: Things to Keep in Mind. The post Why Transportation Procurement is More than an Event appeared first on Talking Logistics with Adrian Gonzalez.

Challenges Facing Procurement Leaders

Material Handling and Logistics

From limited visibility beyond their tier-one suppliers to teams that don't have the capabilities to deliver on the strategy, procurement officers have their work cut out for them. There’s no doubt that digital is a game-changer in procurement," said Michael Daher, U.S.

How More Effective Inbound Logistics Management Improves Procurement in the Supply Chain

Cerasis

Making changes that promote effective inbound logistics management can have a significant impact on your organization’s procurement department and team members.

Why Supply Chain Managers & Procurement Should Collaborate

Cerasis

The roles of logistics and procurement in an efficient supply chain cannot be overstated. According to Paul Myerson , reports Industry Week, up 70 percent of a company’s costs come from procurement and logistics operations. However, both logistics and procurement often become isolated in modern companies, resulting in inefficient practices and a sluggish production value. So, why do supply chain managers not take advantage of this data with respect to procurement?

Direct Materials Sourcing and Procurement

Material Handling and Logistics

Ivalua has introduced innovations in direct materials sourcing and procurement as part of its Platform Release 160

[INFOGRAPHIC] The Future Of Procurement: What Is Your Role?

Cerasis

At Cerasis we work with our shipper customers who procure items every day and have needs for inbound freight management as they secure those products from their vendors. The Future of Procurement is Driven by Technology. Enter The Future of Procurement , an Oxford Economics study.

Transportation Procurement: Still Standing on the Sidelines?

Talking Logistics

As the dust has settled in Q1 of this year, many shippers have now gone out to bid through procurement processes. Within 30 days of a procurement event in Q1, they had already reduced their use of the spot market to 3.6 Procurement’s Not the Only Answer. Tim cautioned that securing rates and capacity through the procurement process is not the only way to reduce freight spend. The post Transportation Procurement: Still Standing on the Sidelines?

Should Procurement Fear or Welcome AI and Machine Learning Technology?

Supply Chain Brain

Your lengthy career in procurement has consisted largely of being beaten up by top management over the need to constantly cut supplier costs. Along comes digital technology to make your job easier — or take it away

Adoption of Digital Procurement Has a Long Way to Go

Material Handling and Logistics

Digital transformation often fails because of an inability to onboard suppliers

Ethics in Procurement – Simple, but Not Always Easy

Logistics Bureau

If you have not yet tackled the question of ethics in procurement, now is a great time to start. It does not matter whether you are a procurement professional, internal customer, external customer, senior executive, or supplier. Ethical Procurement: Some Scenarios to Consider.