Supplier Management – the Business-Critical Dimension
This ProSource edition features quick reads on how stakeholders can holistically manage supplier negotiations and deliver sustainable outcomes.
Hi there!
Trust you're doing well.
It's been 3 years since Procol was officially founded. From a team of 2 to 100 people and managing a little over $500M of spend - we surely have come a long way. I'm full of gratitude to our team, customers, investors - and everyone who ever believed in us.
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Procurement Insights
⚖️Balance out the end-to-end procurement cycle
Many of today’s suppliers and third-party interactions are purely tactical and leave space for a value-based relationship and true insights. Think holistically by redefining your end-to-end procurement lifecycle digitally and foster innovation.
🚀How to capture value with digital supplier negotiations
Most companies rely on traditional single-source suppliers and face constraints like qualification requirements and limited structuring, which limits the procurement team’s ability to optimise spend.
🌎Overcoming cultural barriers in negotiations
Communication with suppliers becomes even more important when negotiations include counterparts from different cultures. Here’s a quick read on how companies can cope with such differences in international negotiations and transactions.
🌊Road Ahead: Should AI lead supplier negotiations in future?
When thousands of negotiations are all masterminded by a single AI, there’s an increased opportunity for coordination and optimisation. Utilising machines can help companies in renegotiating tail-spend deals and gain additional value from the process.
🍫Case Study - Chocolate Manufacturer Saved 5.80 Procurement Spend with Procol
From limited strategic insights and high procurement costs, one of the world’s largest chocolate manufacturers accelerated the negotiation timeline and captured 5.80% savings with Procol.
Events
⚡️Supply Chain Sustainability Asia
by Global Supply Chain Council (GSCC) | September 29, 2022
Registration Link
🚚Global Logistics Show
by Infinity Expo Pvt Ltd | November 9-11, 2022
Registration Link
🚀Webinar - The Future of Procurement 2022
by Deloitte | November 18, 2022
Registration Link
📌Annual India Supply Chain 2022 Conference
by Association of Supply Chain Professionals | November 18-19, 2022
Registration Link
💡7th Edition of Reverse Buyers-Sellers Meet “Source India”
by SRTEPC | November 28-30, 2022
Registration Link
Job Opportunities
Procurement Lead- Non Perishables - Dunzo
Location - Delhi, India
Associate Procurement Agent - Boeing
Location - Bengaluru, India
Catalogue Enablement Sr. Analyst - BCG
Location - Delhi, India
Analyst- Global Procurement - Walmart Global Tech
Location - Gurugram, India
Team Leader - Purchase - Hyatt Regency
Location - Gurugram, India
Procurement Specialist - Rangam India
Location - Bengaluru, India
Procurement Specialist II - Vimeo
Location - Bengaluru, India
Brief introduction
Hi, I am Gaurav Baheti, the CEO of Procol. We help companies transform their procurement process to deliver higher cost savings, reduce turnaround times, and improve visibility. We currently work with 70+ enterprises and manage $500M+ spend.
This is our weekly newsletter where we share crisp insights, hottest jobs, and exciting events in procurement globally.
Ping me at gaurav@procol.in to chat or connect on LinkedIn.