Building An Effective Procurement Organization

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Building an Effective Procurement Organization

Author : Iryna Povoroznyk
Publisher : J. Ross Publishing Incorporated
ISBN 13 : 9781604278507
Total Pages : 0 pages
Book Rating : 4.2/5 (785 download)

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Book Synopsis Building an Effective Procurement Organization by : Iryna Povoroznyk

Download or read book Building an Effective Procurement Organization written by Iryna Povoroznyk and published by J. Ross Publishing Incorporated. This book was released on 2024 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "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

Author : Joe Payne
Publisher : John Wiley & Sons
ISBN 13 : 1119762499
Total Pages : 320 pages
Book Rating : 4.1/5 (197 download)

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Book Synopsis Managing Indirect Spend by : Joe Payne

Download or read book Managing Indirect Spend written by Joe Payne and published by John Wiley & Sons. This book was released on 2021-04-29 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Strategic Procurement

Author : Caroline Booth
Publisher : Kogan Page Publishers
ISBN 13 : 0749460237
Total Pages : 192 pages
Book Rating : 4.7/5 (494 download)

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Book Synopsis Strategic Procurement by : Caroline Booth

Download or read book Strategic Procurement written by Caroline Booth and published by Kogan Page Publishers. This book was released on 2010-09-03 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Business Essentials To Procurement

Author : Rupert Montooth
Publisher : Independently Published
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.5/5 (8 download)

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Book Synopsis Business Essentials To Procurement by : Rupert Montooth

Download or read book Business Essentials To Procurement written by Rupert Montooth and published by Independently Published. This book was released on 2021-05-21 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Marketing Procurement is the buying of goods and services that support an organization's Marketing investment. It covers the Marketing 4 P's - Product; Price; Place (Distribution) and Promotion. It is a wide-ranging category covering spend areas such as advertising through to the negotiation of sponsorship contracts. This book hits the "marketing procurement dilemma" head-on. This book establishes a sharp focus on the often-misidentified central problem, explains specifically why and how the marketing space truly is unique, and spells out the implications for procurement. This book prescribes four things procurement must do to succeed in the world of marketing. Those four solutions are market-proven. This short, densely packed book makes the compelling case that marketing is not a cost to be minimized, but rather an investment to be maximized. And it goes far beyond that, providing insights into how procurement professionals think, explaining why it doesn't work to simply tell procurement pros that "marketing is different," and offering ideas on how to build an effective marketing procurement organization.

Delivering Customer Value Through Procurement and Strategic Sourcing

Author : Walter L. Wallace
Publisher : Pearson Education
ISBN 13 : 0133889823
Total Pages : 353 pages
Book Rating : 4.1/5 (338 download)

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Book Synopsis Delivering Customer Value Through Procurement and Strategic Sourcing by : Walter L. Wallace

Download or read book Delivering Customer Value Through Procurement and Strategic Sourcing written by Walter L. Wallace and published by Pearson Education. This book was released on 2015 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Companies of all sizes are seeking to transform their procurement and supplier relationship management processes: activities that have a tremendous upside potential for improved supply chain effectiveness and efficiency. Now, two leading consultants and researchers offer a comprehensive approach to creating customer value through strategic sourcing and procurement. Unlike texts focused primarily on day-to-day operations and tactics, Delivering Customer Value through Procurement and Strategic Sourcing focuses on helping senior executives and managers gain sustainable competitive advantage from their supply chains."--Publisher's website.

The Procurement Blueprint

Author : Harold Ezenwa Nwariaku Fcips
Publisher : Independently Published
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.3/5 (761 download)

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Book Synopsis The Procurement Blueprint by : Harold Ezenwa Nwariaku Fcips

Download or read book The Procurement Blueprint written by Harold Ezenwa Nwariaku Fcips and published by Independently Published. This book was released on 2023-03-20 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Creating Value

Author : Logan Dan Gatewood
Publisher :
ISBN 13 : 9781691263516
Total Pages : 90 pages
Book Rating : 4.2/5 (635 download)

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Book Synopsis Creating Value by : Logan Dan Gatewood

Download or read book Creating Value written by Logan Dan Gatewood and published by . This book was released on 2019-09-06 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Building a Future-Ready Procurement Organization

Author : Leonardo (Len) DeCandia
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Building a Future-Ready Procurement Organization by : Leonardo (Len) DeCandia

Download or read book Building a Future-Ready Procurement Organization written by Leonardo (Len) DeCandia and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the era of digitization and massive inflows of data, the Procurement function has an opportunity to use the insights provided to advance its strategic contributions in areas beyond the traditional scope of the function, such as supplier-led innovation, customer-centric services and organizational reputation enhancement. Four years into our transformation journey at Johnson & Johnson, we have achieved our initial program goals while building resiliency. We remain focused on our overall company mission, exceptional category management strategies and practices, our promise to separate strategic work from tactical execution and enhancing individual performance through a learning culture. My personal journey of close to 40 years of operations and supply chain management has grounded me in the evolution of the Procurement function from a tactical manufacturing support role into a valued business partner with the ability to combine advanced analytics, external resources and innovation mining to deliver new insights and expanded capabilities to the business. Procurement at Johnson & Johnson has embraced this challenge; what follows is just the first chapter of our story.

Supply Chain and Procurement Quick Reference

Author : Krzysztof Zygulski
Publisher : Krzysztof Zygulski
ISBN 13 : 1088281605
Total Pages : 97 pages
Book Rating : 4.0/5 (882 download)

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Book Synopsis Supply Chain and Procurement Quick Reference by : Krzysztof Zygulski

Download or read book Supply Chain and Procurement Quick Reference written by Krzysztof Zygulski and published by Krzysztof Zygulski. This book was released on 2023-11-01 with total page 97 pages. Available in PDF, EPUB and Kindle. Book excerpt: Embark on a comprehensive exploration of the intricacies of modern procurement and supply chain management with 'Supply Chain and Procurement Quick Reference: How to navigate and be successful in structured organizations.' Tailored for seasoned industry veterans and newcomers, this authoritative guide is your essential toolkit for delving into core principles and industry best practices, covering realms from strategic purchasing and category management to international procurement mastery. Venture into advanced domains like contract negotiation, supplier relationship management, cost control tactics, and ethical sourcing. This guide furnishes you with a comprehensive skill set vital for navigating today's swiftly evolving business terrain. As you traverse through each segment, discover real-world case studies, actionable metrics, and innovative approaches that not only unravel complex notions but also prepare you for leadership roles within your organization's purchasing sector, or markedly augmenting your current position. Whether your aim is to establish a robust procurement department, refine your existing supply chain operations, or lay a solid groundwork for upcoming industry examinations, this guide presents invaluable insights and pragmatic tools for career progression. Each chapter is meticulously designed to enhance your problem-solving acumen and strategic decision-making, quintessential traits for anyone earnest about mastering the procurement and supply chain domain. Your journey towards professional mastery commences here. Laden with practical exercises, case studies, and contemporary industry insights, this book transcends being merely a guide-it's a comprehensive toolkit poised to propel you into the higher realms of procurement and supply chain expertise. Strategize your next career stride by equipping yourself with the profound knowledge and skills encapsulated within these pages. Let this guide be your gateway to a distinguished stature in the dynamic, multi-dimensional world of procurement and supply chain management.

Core Purchasing Strategies

Author : Boris Hairster
Publisher :
ISBN 13 :
Total Pages : 78 pages
Book Rating : 4.5/5 (19 download)

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Book Synopsis Core Purchasing Strategies by : Boris Hairster

Download or read book Core Purchasing Strategies written by Boris Hairster and published by . This book was released on 2021-05-27 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: Building a good budget forms an integral part of any organization's planning and operations. However, many organizations fail to make efficient use of the resources and knowledge they have at hand. Procurement is one such department that is deeply involved in spending but often not involved in the budgeting process. It can benefit both the planning and execution of an organization's budget and find optimal ways to carry out the organization's plans. Procurement can deliver in the most extreme circumstances with tight deadlines despite other perceptions. The 2012 London Olympic and Paralympic Games are widely considered as one of the most successful in history both on and off the track. Sporting world records fell by the wayside while stadiums were delivered on time and under budget, something thought of as near-impossible by the British public in the run-up to the Games. It was such a success that the framework of how it was put together is being used as a benchmark for future Olympics, including the next Games due to be held in the Brazilian city of Rio de Janeiro during the summer of 2016. Procurement was a key part of this success, from building the eye-catching Olympic Park and sports arenas to clothing the thousands of volunteers. But the organizing committee had to overcome a number of its hurdles to get there. While LOCOG's procurement was central to developing and implementing the contingency plan that saved the situation, it was also key to putting in place clauses within the contract that ensured the public, who were paying for the event, were not left out of pocket as a result of this failure of supply.

The Sourcing Solution

Author : Larry Paquette
Publisher : AMACOM Div American Mgmt Assn
ISBN 13 : 9780814427781
Total Pages : 248 pages
Book Rating : 4.4/5 (277 download)

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Book Synopsis The Sourcing Solution by : Larry Paquette

Download or read book The Sourcing Solution written by Larry Paquette and published by AMACOM Div American Mgmt Assn. This book was released on 2003 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The Sourcing Solution will help you stay on top of it all by giving you a clear and thorough overview of the new tools for sourcing success. Author Larry Paquette brings his considerable experience to this engaging and accessible guide, designed to give you practical ideas to use in your organization and throughout your entire career."--Jacket.

The Role of Procurement Professionals in Industrial Projects

Author : Mario Büsch
Publisher : Akademische Verlagsgemeinschaft München
ISBN 13 : 3960913400
Total Pages : 309 pages
Book Rating : 4.9/5 (69 download)

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Book Synopsis The Role of Procurement Professionals in Industrial Projects by : Mario Büsch

Download or read book The Role of Procurement Professionals in Industrial Projects written by Mario Büsch and published by Akademische Verlagsgemeinschaft München. This book was released on 2014-04-23 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: This doctoral-thesis deals with the role of procurement professionals in industrial projects. The role of procurement in industrial manufacturing has attracted considerable attention over the last several years; however, the role of procurement in projects is rather underresearched. From a project management point of view, procurement is mainly considered a transactional task, and remarkably few project management standards consider procurement at all. To overcome this gap, a Procurement Project Involvement Matrix has been developed. Building on this matrix, a Project Procurement Organisation Model for procurement experts involved into industrial projects was developed, too. In general, the project procurement job tasks framework as well as the Project Procurement Organisation Model will help to implement, improve and audit the involvement level of procurement in projects.

The Definitive Guide to Supply Management and Procurement

Author : Wendy Tate
Publisher : Pearson Education
ISBN 13 : 0133449017
Total Pages : 176 pages
Book Rating : 4.1/5 (334 download)

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Book Synopsis The Definitive Guide to Supply Management and Procurement by : Wendy Tate

Download or read book The Definitive Guide to Supply Management and Procurement written by Wendy Tate and published by Pearson Education. This book was released on 2014 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: An authoritative guide to planning, implementing, measuring, and optimizing supply management and procurement processes, this book brings together up-to-the-minute principles, strategies, and decisions for all relevant processes, strategies, and tactics.

Procurement 20/20

Author : Peter Spiller
Publisher : John Wiley & Sons
ISBN 13 : 1118800478
Total Pages : 172 pages
Book Rating : 4.1/5 (188 download)

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Book Synopsis Procurement 20/20 by : Peter Spiller

Download or read book Procurement 20/20 written by Peter Spiller and published by John Wiley & Sons. This book was released on 2013-11-14 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: How to achieve procurement excellence today and evolve to be ready for tomorrow Procurement entrepreneurship pays. High-performing procurement teams can deliver huge value to their companies—regardless of industry. The best companies are advancing talent-management strategies into the heart of their procurement organizations with huge success. In addition to an estimated $84 billion in yearly cost savings, companies who give procurement leaders prominence deliver superior returns from their operations as well as lower their costs of goods sold. This book, written by a group of purchasing and supply management practice experts, shares the hard-earned insights of more than ten years of dedicated procurement research conducted with leading academic institutions and practical experience with marquee clients in the field of procurement. It is also a natural successor to the many articles McKinsey & Company has published on the topic. This reliable resource skillfully explains and codifies the best practices that leading companies have pioneered in procurement as well as frames how procurement must evolve to grapple with new global, social, and economic issues affecting business over the next decade. Details the four key dimensions of procurement excellence Showcases the five megatrends that will change the way business is done in the next decade Provides strategies that business leaders can adopt in the face of these megatrends, together with practical advice about next steps and case examples The road ahead will require you to redefine your vision for procurement and implement the required changes. Procurement 20/20 will show you how.

Building Procurement

Author : Roy Morledge
Publisher : John Wiley & Sons
ISBN 13 : 1119609488
Total Pages : 416 pages
Book Rating : 4.1/5 (196 download)

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Book Synopsis Building Procurement by : Roy Morledge

Download or read book Building Procurement written by Roy Morledge and published by John Wiley & Sons. This book was released on 2021-02-26 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Procurement and Contract Strategies for Construction

Author : Ian Heaphy
Publisher :
ISBN 13 : 9780727763723
Total Pages : pages
Book Rating : 4.7/5 (637 download)

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Book Synopsis Procurement and Contract Strategies for Construction by : Ian Heaphy

Download or read book Procurement and Contract Strategies for Construction written by Ian Heaphy and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Implementing Strategic Sourcing

Author : Christine Bullen
Publisher : Van Haren
ISBN 13 : 9401801274
Total Pages : 389 pages
Book Rating : 4.4/5 (18 download)

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Book Synopsis Implementing Strategic Sourcing by : Christine Bullen

Download or read book Implementing Strategic Sourcing written by Christine Bullen and published by Van Haren. This book was released on 2010-06-01 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: This informative, comprehensive, yet practical guide provides readers with a complete tool-kit of how to approach global sourcing successfully. Based on real world experiences on implementing and sustaining global sourcing the book provides readers with key guidance on: Foundations of Strategic Sourcing Management, risk, governance and legal considerations Organizational change, innovation and relationship management Transition planning and the end-game Successful principles for new business development from a service provider perspective Future trends, summary and lessons learned Ultimately this guide will take readers from principles to how to s including: How to develop, implement, manage and govern an effective global sourcing strategy and plan How to put in place policies and processes that can be monitored to provide a balanced approach to sourcing How to build a strategic top-down framework coupled with an operational roadmap How to incorporate bottom-up implementation principles and practices that work How to ensure a coordinated, cost-effective and value-delivery plan and operating environment for strategic and tactical sourcing. In addition, it addresses the following areas in a comprehensive, yet easy to use and practical manner: Integrates strategic and operational concepts and practices Covers both clients and providers Supports the practice of global sourcing by leveraging and integrating professional rigor for best practices Provides practical knowledge, techniques, checklists and methodologies that can be used in any environment globally Includes many examples of current and emerging best practices Is broad and comprehensive, yet drills down to specific how to details in all chapters Provides a global view of sourcing It comes highly recommended.