Building An Effective Procurement Organization
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Building An Effective Procurement Organization
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Author : Iryna Povoroznyk
language : en
Publisher: J. Ross Publishing
Release Date : 2023-11-14
Building An Effective Procurement Organization written by Iryna Povoroznyk and has been published by J. Ross Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-11-14 with Business & Economics categories.
Effective procurement management is essential for any organization looking to reduce costs, improve quality, and increase profitability. Building a truly effective procurement organization is a challenging multilayered effort that requires establishing a solid base for the deployment of best-practice solutions and ensuring long-term benefits from sustainable procurement operations. Building an Effective Procurement Organization presents essential steps for advancing procurement practices to a world-class level, describing the fundamentals of procurement management and how to build a solid foundation for success. Povoroznyk emphasizes the importance of mastering the basics before diving into more complex procurement concepts. With clear explanations and practical examples, this invaluable resource is for anyone looking to develop their procurement management skills and enhance their organizations' purchasing power. For entrepreneurs and suppliers, this book will become a source of insider information about the structure of the procurement service of their corporate clients and the tasks that owners and managers of companies set for buyers.
Managing Indirect Spend
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Author : Joe Payne
language : en
Publisher: John Wiley & Sons
Release Date : 2021-04-29
Managing Indirect Spend written by Joe Payne and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-04-29 with Business & Economics categories.
Managing corporate spend is far more complex than conducting RFPs. Learn how the most efficient and effective procurement departments operate, control costs, enforce compliance, and manage indirect spend. Managing Indirect Spend provides executives and procurement professionals with the knowledge and tools necessary to successfully reduce costs with a strong focus on the often-overlooked area of indirect spend. It also offers great value to those procurement and purchasing professionals aspiring to be leaders in the profession, regardless of the spend they manage. It includes an overview of the challenges faced when sourcing indirect spend categories, a detailed dive into the strategic sourcing process, tools that can help drive savings, technologies that drive efficiencies and compliance, and examples of success based on real-world experience. It is a how-to guide that clearly covers sourcing engagements of any complexity and provides the details needed to source effectively. The book is structured into sections covering the sourcing and procurement process, the tools and technologies, examples from the field, walkthroughs of specific sourcing engagements, guidance on building an effective sourcing team, and the information needed to become a best-in-class sourcing organization. Since the initial publication of this book, the procurement profession and the discipline of Strategic Sourcing have matured. Markets have changed, processes developed, trends have come and gone, and technology has experienced leaps and bounds, posing new and interesting challenges for procurement professionals. In addition to covering tried-and-true practices for strategic sourcing, this Second Edition discusses how strategic sourcing has evolved and provides an update on the techniques, tools, and resources available to purchasing groups. This book: Includes updated coverage of everything you need to know to source more effectively Covers the latest trends in procurement and sourcing, including technology, process improvements and organizational design Presents guidance for reducing costs through strategic sourcing, no matter what the economic climate or level of maturity of the existing procurement organization Shows how effectively managing indirect costs can provide a huge impact on bott m line growth Introduces Market Intelligence (MI), including techniques, tools, and resources available to procurement and supply chain management groups With tools, real-world examples, and practical strategies, Managing Indirect Spend provides insider guidance for big bottom-line growth through effective management of indirect costs.
Building Procurement
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Author : Roy Morledge
language : en
Publisher: John Wiley & Sons
Release Date : 2021-02-26
Building Procurement written by Roy Morledge and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-02-26 with Technology & Engineering categories.
As an industrial process, construction is unique. The procurement processes used to achieve the successful completion of built assets requires a different approach to that adopted in most other industries, due to the design of buildings being bespoke and the sites being geographically varied. The procurement process is central to the success of any construction project and many of the problems which impact construction projects can be traced back to the procurement phase, so a good understanding of the methods of procurement, the development of a procurement strategy and the influence it has on project success is essential for all those working in the industry. Much has changed in the global construction industry since publication of the second edition of Building Procurement, for example the increase in debt burden of many major economies, widespread adoption of Building Information Modelling (BIM) Technology in the industry and the United Kingdom's exit from the European Union. This new edition has been rewritten to take account of these significant developments, but at its core it continues to provide a critical examination and review of current procurement practices in the UK, continental Europe (including EU procurement procedures), China, Middle East and Sub-Saharan Africa and the USA. It retains its original strong emphasis on the need for clients to establish achievable objectives which reflect the project business case and focuses on development of suitable strategies and management structures to meet those objectives in the current construction climate. Building Procurement will be essential reading for senior undergraduate and postgraduate students of construction management and practitioners working in all areas of construction management.
The Procurement Blueprint
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Author : Harold Ezenwa Nwariaku Fcips
language : en
Publisher: Independently Published
Release Date : 2023-03-20
The Procurement Blueprint written by Harold Ezenwa Nwariaku Fcips and has been published by Independently Published this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-03-20 with categories.
Do you find yourself responsible for your company's procurement and unsure where to begin? Are you seeking practical guidance and insights from an experienced professional? Look no further. "The Procurement Blueprint: Mastering the Procurement Function and Securing a Seat at the Table" is a unique and engaging book that combines personal experiences and practical advice to help you navigate the complex world of procurement. This book isn't an academic treatise, but rather a relatable account of the author's career journey and the lessons learned from working in the procurement industry. The author, Harold Nwariaku, shares his experience and knowledge with readers, focusing on relationship management, stakeholder management, and embracing the rapidly changing landscape of procurement. In "The Procurement Blueprint," you'll discover: The importance of securing a seat at the table and navigating procurement politics Procurement fundamentals, including key concepts and techniques Perception management and building a positive procurement reputation Adapting to changes in procurement, including skill evolution and stakeholder relationships Procurement organization structures and recruitment strategies Crafting effective procurement policies and standard operating processes (SOPs) Creating a sourcing strategy and conducting competitive bidding Total life cycle costs, writing recommendations for approval, and effective contract management Supplier performance management and embracing future supply chain technology By sharing his personal experiences and insights, Nwariaku offers an invaluable resource for procurement professionals at any stage of their career. "The Procurement Blueprint" provides a comprehensive guide to mastering the procurement function and securing a seat at the table in today's dynamic business landscape. Don't miss out on this opportunity to learn from an industry expert and enhance your procurement skills.
Delivering Customer Value Through Procurement And Strategic Sourcing
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Author : Walter L. Wallace
language : en
Publisher: Pearson Education
Release Date : 2014-10-28
Delivering Customer Value Through Procurement And Strategic Sourcing written by Walter L. Wallace and has been published by Pearson Education this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-10-28 with Business & Economics categories.
This is the complete executive's guide to driving sustainable competitive advantage and mitigating risk in today's complex supply networks. Two of the field's leading consultants show senior managers how to apply advanced strategic sourcing to significantly improve your supply chain's efficiency, effectiveness, and sustainability. Drawing on their cutting-edge research, Yusen Xia and Walter L. Wallace help you go beyond mere cost-cutting and contract management to redesign and orchestrate your entire multi-tier supply chain. Wallace and Xia present powerful case studies and lessons from UPS, Coca-Cola, Home Depot, Shaw Industries, and other pioneers. You'll learn how to: Bring together the multiple business disciplines whose work impacts sourcing and procurement Use strategic sourcing techniques to create a more sustainable supply chain Integrate the use of emission permits into your strategic sourcing programs Manage procurement when the cost of raw materials fluctuates widely Effectively utilize financial hedging in strategic sourcing Deepen your understanding of contemporary buyer-supplier relationships Implement strategic lead-time management Increase visibility as a way to become more demand-driven Take advantage of recent advances in e-sourcing and e-procurement More effectively manage risk and uncertainty in your supply network Make better outsourcing/insourcing decisions in global supply chains If you're a senior manager who wants to transform sourcing and procurement into a key competitive differentiator, this book will help you deliver the goods.
Creating Value
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Author : Logan Dan Gatewood
language : en
Publisher:
Release Date : 2019-09-06
Creating Value written by Logan Dan Gatewood and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-09-06 with categories.
Creating Value: The Complete Guide to Procurement Transformation is a guide for supply chain leaders to develop, and implement effective strategies to transform their procurement function from a tactical purchasing organization to a value generating category management function. This book encompasses fifteen years of strategic procurement experience by the author from three different industries. It provides guidance for the transformational leader to drive effective transformative strategy that will enable the procurement function to maximize its value creation potential.
The Definitive Guide To Supply Management And Procurement
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Author : CSCMP
language : en
Publisher: Pearson Education
Release Date : 2013-12-17
The Definitive Guide To Supply Management And Procurement written by CSCMP and has been published by Pearson Education this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-12-17 with Business & Economics categories.
Drive sustainable supply chain competitive advantage through more effective supplier management and procurement: reduce costs, improve quality, and deliver better service for all customers. This is the most authoritative, complete guide to planning, implementing, measuring, and optimizing supply management and procurement processes. Straight from the Council of Supply Chain Management Professionals (CSCMP), it brings together up-to-the-minute principles, strategies, and decisions for all relevant processes, strategies, and tactics. Step by step, The Definitive Guide to Supply Management and Procurement covers all this, and more: Basic supply management concepts, purposes, and goals Linkages between procurement and other business functions Day-to-day transactional and long-term strategic activities Category analysis, supplier selection, contract negotiation, supplier relationship management, and performance evaluation Principles and strategies for establishing efficient, effective, and sustainable operations, from sourcing teams to supplier rationalization Technology for spend analysis, competitive bidding, eProcurement, eSourcing, auctions/reverse auctions, contract compliance, performance management, and more Requirements and challenges of global sourcing, including insource vs. outsource decisions; TCO analysis; risk management; negotiations, and supplier contract compliance Best practices for assessing performance using standard metrics and frameworks
The Procurement And Management Of Small Works And Minor Maintenance
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Author : Jeremy Headley
language : en
Publisher: Routledge
Release Date : 2014-02-25
The Procurement And Management Of Small Works And Minor Maintenance written by Jeremy Headley and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-02-25 with Technology & Engineering categories.
Many client organisations occupy large and often diverse property estates which require significant expenditure on maintenance, alterations, refurbishment or small-scale new building work. Effective organisation and efficient allocation of resources are essential to ensure that the works are carried out successfully. This book provides a detailed introduction to small works procurement and management within the large client organisation, a significant sector of the construction industry which has hitherto been neglected by researchers. In the large organisational context, characterised by large property holdings perhaps over wide geographic areas, the importance of ensuring maximum efficiency of resource use is crucial. If the regular and numerous work which is required throughout the year is not carried out in line with organisational goals then the core business will suffer.The book focuses on the suitability, efficiency and effectiveness of procurement, organisation and management of small works, and outlines the main stages in the formulation and implementation of well-defined and measurable objectives. Overall it will enable the reader to understand the decision factors involved in designing a small works procurement strategy. The Procurement and Management of Small Works and Minor Maintenance is an indispensible reference for all facilities managers, consultants and contractors. It is also useful reading for undergarduate and postgraduate courses in building, construction management, maintenance and facilities management.
Strategic Procurement
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Author : Caroline Booth
language : en
Publisher: Kogan Page Publishers
Release Date : 2010-09-03
Strategic Procurement written by Caroline Booth and has been published by Kogan Page Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-09-03 with Business & Economics categories.
Most organizations, regardless of industry, spend more money on suppliers than they do on employing their staff. Written for the non-procurement expert, Strategic Procurement explores the 'why' and 'what' of good procurement rather than the 'how.' It explains why you should focus your efforts on this previously neglected area of business and rich rewards, where P&L impact is relatively painless and immediate, where benefit to cost ratios of 10 to 1 are realistic ambitions and in-year payback is possible. It covers all the aspects of strategic procurement, including The role of the executive and the organization in procurement; Primary and secondary supply chains; Cost reduction techniques Making yourself important to suppliers; Sustaining procurement improvement; Keeping procurement on the business agenda Showing you how to cut costs without harming your business and the importance of recognizing supplier relationship management, Strategic Procurement offers real understanding of the true worth of procurement in the boardroom.
Strategic Procurement
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Author : Caroline Booth
language : en
Publisher: Kogan Page Publishers
Release Date : 2014-11-03
Strategic Procurement written by Caroline Booth and has been published by Kogan Page Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-11-03 with Business & Economics categories.
A company's success is determined by its ability to utilize all its assets. Yet two assets often neglected by the boardroom are the amount it spends on goods and services and the expertise of the organisation's key suppliers. This highly accessible book will help you understand how to tap into these assets to secure competitive advantage. With application to organisations in all industries internationally, Strategic Procurement details why procurement is critical to successful business performance. It explores the strategic value of procurement to business and the potential for significant cost savings through maximising value from suppliers and third-party spend. A lot has changed in the world of strategic procurement. While many developments have served to reinforce the business value of good procurement practices, there are many risks associated with poor procurement. On the upside, procurement's role has increased in many recent mega-mergers. On the downside, there are glaring examples of supply continuity issues triggered by natural disasters; reputational issues related to supply chains of companies like BP and Apple; and the inadvertent role played by suppliers as the weakest link in cyber-crime. This second edition of Strategic Procurement has been thoroughly updated to reflect these developments. Besides real-life case studies, there is a new chapter on procurement's role in delivering successful mergers and acquisitions as well as three new chapters exploring the mitigants to a variety of supplier-related risks. Additionally, there are expanded sections on corporate responsibility, procurement proficiency, good procurement across the organisation, and new ways of supplier collaboration.