TCO stands for Total Cost of Ownership. These are the all costs that come with the purchase/ownership of a product or service. For example, when it comes to purchasing a machine, in addition to the purchase price, this includes maintenance and all materials and services (think software updates, for example) required to keep the machine […]
What is TCO (Total Cost of Ownership). Read More »
The ‘van Weele’ procurement process in a nutshell. The above representation of the procurement process flow is the most familiar form as depicted by Arjan van Weele. We will discuss it in more detail below. The ‘van Weele’ procurement process in more detail. Why describe procurement processes? To organize procurement activities so that they are
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What is integral cost reduction? Strategic cost savings is a critical issue for any procurement organization. The goal is for the organization to get the maximum return from its assets. But what does cost reduction mean? Integrated cost reduction looks at all facets of the business. It includes: Dissecting and improving one’s own (business) processes.
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Labor market tightness? Fire your ‘HR’ department Japke-d. thinks along Certainly, the labor market is tight. But are employers really doing everything they can to find staff? No, heard Japke-d. Bouma. “Employers who complain about tightness in the labor market, but meanwhile reject older workers, I don’t believe anymore.” Soon I have to give a
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What is an electronic procurement system (e-tendering)? E-tendering, also known as “e-auctioning” refers to the use of an e-auctioning platform (such as Mercell/Negometrix) to achieve highly competitive, online and real-time best pricing. Multiple pre-selected suppliers can bid simultaneously on the same products or services to ultimately (at the end of the e-auction) win the contract.
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When to hire an interim buyer? You hire a temporary or interim buyer when one of the following situations occurs: The incumbent procurement officer is temporarily unavailable, e.g. due to illness, pregnancy or because of a major project (e.g. an ERP implementation).In this case, a temporary buyer is needed with the same level as the,
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How to align procurement strategy with the organization The procurement strategy will need to be tailored to the specific needs and requirements of an organization and the sector and environment in which it operates. How to arrive at a procurement strategy? Procurement strategy varies from company to company and depends on an organization’s size and
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It is important to emphasize that strategic sourcing as described here is primarily applied to strategic categories and suppliers (see the Kraljic Matrix). Strategic sourcing involves creating a (category) plan, building strong relationships with key people within suppliers, creating strong interactions/interfaces with these suppliers and actively managing the relationship. The (category) plan is based on
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Collaboration between you as an interim professional and Xentys Xentys engages (in addition to search) in secondment and interim management within the procurement, logistics and operations disciplines. Functions from senior associate, project manager to director. We work from a dynamic pool of interim professionals whom we have spoken to and in whom we have confidence
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Purchasing categories and subcategories What is the difference between direct and indirect procurement? The total procurement of any organization can be divided into two main categories: direct and indirect procurement. What do these terms mean? Direct procurement What is direct procurement (also called “product related” or PR procurement)?As the name “product related” suggests, this procurement
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