⚡️ How to improve supplier relationships
ProSource #15 shares 7 procurement insights, 8 events, 7 opportunities.
Welcome to ProSource’s 15th edition. We compile ProSource from 25+ sources each week to be sent to over 1400+ procurement professionals around the world. We have also started writing and recording the best practices for our users.
While running a procurement technology company called Procol, we believe that procurement professionals need the best insights, special events, and opportunities. This is what led to the rise of ProSource.
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Procurement Insights
💰 Which are the slowest companies to pay small suppliers? - An interesting report shared by Good Business Pays found that over 50,000 businesses shut down every year due to late payments.
🏆 How to get suppliers on board with e-auctions - Beating the notion that e-auctions damage supplier relationships, research has found exactly the opposite. When buyers started using e-auctions, supplier confidence in them increased. “Because they can see their ranking on the screen, they feel more confident that there is a transparent process. They know that there is actually someone bidding against them. The company is now using it for 20% of purchases, which has driven down procurement costs by 25%”.
✈️ Will business travel spend recover? - Three years ago global business travel spending exceeded $1.4tn.
📈 What is a business network and what does it do? - Tips for procurement leaders that want to start on their own business network design and implementation journey.
🥽 Insights and Videos from Categorypalooza 2021 - On August 31st, 2021, Art of Procurement hosted Categorypalooza, a summer festival of category ideas. Catch up on all the action by watching the videos.
🌲 How ESG data can help you build a better supplier network - Dun & Bradstreet, report on how monitoring the ESG data of suppliers can enable businesses to make better decisions, increase visibility into its supply chain, improve management decisions capabilities.
💵 How to measure ROI in procurement - Companies measure procurement ROI by efficiency and effectiveness. But what are the metrics involved in measuring procurement ROI?
September Event Calendar
🌎 Taking a BOLD Approach: Transforming Indirect P2P
By Art of Procurement • Sep 7, 2021 • Registration Link
🌎 Align Procurement with 3rd Party Risk: Successful Vendor Management
By SIG • Sep 18, 2021 • Registration Link
🌎 Supplier Diversity: Advancing Together
By Art of Procurement • Sep 22, 2021 • Registration Link
🌎 Navigating Growth in a Risky World: How Stanley Black & Decker Remains Resilient in the Post-COVID Economy
By SIG • Sep 23, 2021 • Registration Link
🌎 Optimizing Offshore: The Key to Increasing Productivity while Minimizing Risk
By SIG • Sep 28, 2021 • Registration Link
🌎 Creating Tail Spend ROI: Through an Improved Buyer Experience
By Art of Procurement • Sep 28, 2021 • Registration Link
🌎 Why it’s time for CPOs to take the lead on ESG
By SIG • Sep 30, 2021 • Registration Link
🌎 Enabling Procurement Efficiency: How Ace Hardware Accelerates Business Outcomes
By SIG • Sep 30, 2021 • Registration Link
Opportunities
💡 Bramwith is looking for a Procurement Category Manager, Europe - Food & Ingredients
Remote or UK • FMCG • Full Time
💡 Coca Cola is looking for a National Manager - Logistics Procurement
Bengaluru, Karnataka • FMCG • Full Time
💡 AgroWave is looking for a Head-Procurement
Gurugram, Haryana • Agri • Full Time
💡 NTT is looking for a Director, Procurement (Asia Pacific)
Mumbai, Maharashtra • IT • Full Time
💡 Unilever is looking for a Global S2P Manager
Bengaluru, Karnataka • Consumer Goods • Full Time
💡 Ola is looking for a Head Of Procurement
Bengaluru, Karnataka • Mobility • Full Time
💡 Procol is looking for a Director, Customer Success
Gurugram, Haryana • IT • Full Time
(Just reply to this email if you have any reference for this position)
What did you think about this edition? Hit reply—share your feedback, insights, and opportunities.
Have a great week ahead!
✌️
Gaurav Baheti
Founder and CEO, Procol