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Procurement Wiki
In this section, you will find articles on key procurement topics. Please do not hesitate to contact us to learn more or to discuss how to adapt a solution to your environment.
How can you enhance your purchasing department’s knowledge of suppliers and technologies?
The purchasing department owes part of its added value to monitoring and surveillance actions of markets, products, suppliers, and technologies… Global actions that cannot be carried out by internal…
How to effectively manage supplier risk within your company?
Supplier risk management has become an important activity for a purchasing department. Indeed, the stakes are high, the environments uncertain and variable, the complexity increasing…
How to develop a Responsible Purchasing policy within your company?
What is a responsible purchase? A responsible (or sustainable) purchase integrates economic, environmental, and social performance criteria. It is the application of Sustainable Development and CSR…
How to effectively manage your supplier relationships using a Supplier Relationship Management (SRM) approach?
Every buyer faces extreme complexity due to the diversity of supplier relationships, stakeholders, events, and so on. To avoid getting overwhelmed, it’s important to manage your suppliers…
How to negotiate effectively with your suppliers?
Negotiation is obviously a key skill for the Buyer, which is where all the preliminary steps will lead them, such as setting up the strategy and an associated organization, segmentation, gathering…
How to analyze supplier feedback during a tender process?
Your tender is launched, you have selected the most interesting suppliers for your company… now you need to analyze the feedback and choose your future partner. Price differences, cost structures:…
How to properly identify and select your suppliers during your calls for tenders?
Your specifications document is written, you can now distribute it and start identifying potential partners. Do you know the 3 priority points you need to keep in mind to properly identify and…
How to properly define and formalize a set of specifications?
The needs assessment phase allows for the qualitative and quantitative determination of the nature of the need. The purpose of this assessment is to establish a set of specifications that will be…
What is a purchasing strategy?
To fulfill the missions assigned to the purchasing department (buying products, services, or solutions under the best market conditions…), a purchasing strategy must be established. Without a…
Are my company’s purchasing processes efficient and effective?
How do you manage your purchases? Have you defined a specific policy and strategies? Have you selected the right suppliers, and do you maintain relationships with them? Are you skilled at…
What procedures should be put in place in your purchasing department?
A company’s purchasing department may have to manage a multitude of different purchases, depending on its stakeholders and the strategic choices of management. The implementation of common…
How and why should dashboards be implemented for purchasing?
A purchasing policy and strategy alone are not enough for the purchasing department to fulfill its mission and deliver the expected results. It is also necessary to measure and manage its…
How can you improve the autonomy of your purchasing department?
To best manage supplier relationships, the Purchasing department needs to be reactive, but also and above all proactive. Closely linked to the company’s operational needs, it has a real need…
How to develop skills in your Purchasing department?
Within the Purchasing department, skills development is essential to enable employees to effectively manage their tasks. The acquisition and development of the ‘skills’ necessary for the…
What organizational structure do you need to put in place to manage your purchases?
A well-defined organizational chart, resources, and functions will help your Purchasing department to be more efficient. Let’s review some key points that will help improve the organization of…
What are the missions and objectives of a purchasing department?
A well-structured and well-organised purchasing department begins with a good definition of its missions, its objectives, and the functions (positions) of the employees involved. Let’s review…
What is a ‘Good’ Procurement Organization?
To perform its duties effectively, your procurement department must indeed consist of competent personnel and rely on efficient processes, but it must also be well organized! What is the foundation…
How can you strengthen your purchasing department’s knowledge of the company’s needs and internal operations?
The purchasing department is a cross-functional structure within the company. As such, buyers must not only know the suppliers and the market, but also all the internal stakeholders of the company,…