Picture this: You are navigating a vast sea, amidst turbulent procurement expenses. The waves are chaotic, the direction is unclear, and missed savings opportunities are numerous. Now imagine you have a magical compass—a guide that not only directs you to the shore of efficient procurement but also unveils hidden treasures of savings opportunities. Wouldn’t that …
Ah, supplier performance improvement plans. The ultimate weapon in the procurement professional’s arsenal. If you’re reading this blog post, it means you’re already on the path to procurement greatness. But, let’s face it, nobody wakes up in the morning excited to create a supplier performance improvement plan. It’s like going to the dentist, necessary but …
How to prepare a Supplier Performance Improvement Plan ? Read More »
Are you looking to reduce costs in your procurement process? If so, you’re not alone. Many organizations are looking for ways to cut costs and improve their bottom line, and procurement is a great place to start. Here are a few tips that can help you reduce procurement costs and improve your organization’s financial performance. …
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How can an objective be SMART ? When it comes to management, it’s all about performance, performance, and performance ! But how do you know if your procurement department is performing well ? And how can you tell if your suppliers are up to the expectations ? The answer is: always set-up a SMART objective. …
What is a SMART objective and why you should always use it in procurement management Read More »
What is a Total Cost of Ownership (TCO) In procurement, the Total Cost of Ownership (TCO) is defined as the sum of all costs associated with a product or service throughout its entire lifecycle, taking into consideration its direct costs and indirect costs, also called tangible and intangible costs. The idea behind the TCO concept …
If you’ve ever felt like the world is too big, too confusing or just downright overwhelming to tackle on your own, then this blog post is for you. I know what it feels like when it seems like there are so many things in front of us that we can’t do anything about because they’re …
The Ultimate Guide to Traveling When You Have No Money Read More »
CIPS, CSCP, CPIM, CLTD, CPSM, Six sigma, etc. which ones to choose ? I will go through 4 globally recognized certifications and present you the pros and cons of each. You can easily find plenty of useful information on the internet on certifications for procurement professionals. However, usually those articles are written by people who …
Top best certifications for procurement professionals Read More »
Why perform risk management in procurement ? Risk Management is a critical element of procurement management that is often overlooked. You wouldn’t buy a used car from someone without performing some form of risk management beforehand, right ? such as verifying vehicle history, damages, mileage, conditions, and probably have a plan B to buy another …
I’m here to make you more productive by providing immediately concise articles, actionable tools, templates and cheat sheets ! I’m a professional procurement with over 10+ years’ experience from top MNCs. After working for years, I realized that too often companies are trying to reinvent the wheels with fancy software with never ending stream of …
