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As a procurement professional, negotiation is one of the toughest aspects of the job. Throughout your career you will find yourself negotiating on many topics such as costs, contract length, payment terms, delivery timings, volumes of orders etc.  Professionals in this field may try to avoid conflict and not negotiate with potential and existing suppliers & vendors but to negotiate does not mean to be abrasive. If you do not ask, you do not get, so by not initiating negotiations it may cause you to spend more than your business needs to 💰. Unfortunately, you cannot just negotiate a price that suits you best, you must be reasonable. Research the market, gather competitor prices and explore trends within the industry, then you can find a level that you are happy with, and that vendors & suppliers will agree to. If you are looking for a procurement professional in your business that is a great negotiator, with extensive knowledge of the market, then contact Portfolio Procurement. We take your businesses core values, role requirements and budget and find you the perfect professionals that suit your role. Call us on 📞0207 650 3191 or register a vacancy on our website here💻: https://lnkd.in/e7V8YQUt #Procurement #procurementprofessionals #negotiation #negotiationstrategies #procurementstrategy #procurementmanagement #procurementjobs #procurementcareers

📢 Calling all forward-thinking organizations in need of procurement expertise! Are you facing challenges in navigating tender processes and contract lifecycle management? Look no further!   With a shortage of skilled and experienced procurement professionals in today's market, now is the time to secure top-tier expertise to drive your organization's success.   As an interim professional with 18 years of hands-on experience, I'm here to empower your team and deliver on the procurement value proposition. By engaging my services, you'll unlock a wealth of benefits tailored to your organization's unique needs. From executing seamless tender processes to meticulously managing contracts, I specialize in delivering substantial cost savings and operational efficiencies that directly impact your bottom line.   Engagement is easy, via PAYG or via ABN at Procurement Resources Pty. Ltd.   Don't let the scarcity of qualified professionals hinder your organization's growth and success. Let's collaborate to transform your procurement function and achieve for 2024 goals.   Reach out today to explore how I can support your organization's procurement journey! 0481 568 307 ---------------- ♻ I'd appreciate a repost on this one if you are comfortable doing so. ----------------

Indirect procurement is the sourcing of goods and services not related to manufacturing for a business to enable it to maintain and develop its operations. Goods and services purchased under this type of procurement are used to meet the operational needs of a business. As such, they don't contribute to the company's revenues. This may include office equipment and supplies, furnishings, and marketing ✏. Indirect procurement categories include, but are not limited to: 💡 Marketing services  💡 Utilities  💡 Consumables  💡 IT related items, such as hardware and software    If you are looking for an expert who can hire indirect procurement professionals into your business, look no further than Halim Ahmad. Halim helps to recruit top of the league professionals who can perfectly match your job spec, requirements, company values and business goals. You can call Portfolio Procurement on 📞020 7650 3191, contact Halim Ahmad directly on LinkedIn or register a vacancy on our website here: https://lnkd.in/eiAEzWad #procurement #indirectprocurement #procurementjobs #procurementprofessionals #procurementprocess #recruitment

Signs you have a high-functioning procurement team: 1.      You hear about procurement’s great work from non-procurement colleagues 2.      Procurement know the key business metrics and the projects procurement are doing are helping meet them. 3.      Procurement drive projects forward 4.      Colleagues come to procurement proactively with business issues 5.      Procurement’s remit seems wider than ‘external spend’, and nobody is worried about this 6.      Projects and priorities are determined by impact, not burning platforms and contract end dates 7.      You know your stuff: your spend, your suppliers, your key contracts 8.      Colleagues ask for your procurement team’s advice on topics that aren’t strictly procurement 9.      The procurement team at all levels have technical skills 10.  Your team have relationships with their supplier counterparts Not: ❌Projects determined by burning platforms and contract end dates ❌Your rank ❌The rank or title of the procurement team lead ❌Procurement’s presence in meetings ❌How many contract renewals happen ❌How much tech you have and how fancy it is What have I missed here? #procurement #teams #performance

🚀 **Elevating Procurement to New Heights** 🚀 🌟 As a dedicated Procurement Specialist, I've had the privilege of steering cost management and negotiation strategies that not only optimize operations but also drive significant savings for the organizations I've partnered with. At CRNCY (BZ) Limited, my focus is on transforming how procurement adds value to the business. 📈 **What I Bring to the Table:** - **Expert Negotiator:** From international contracts to everyday purchases, I ensure the best terms that benefit both our company and our partners. - **Cost Management:** Specialized in identifying efficiencies, reducing expenses, and reporting cost benefits to the company - **Strategic Sourcing:** Implementing cutting-edge strategies for procurement and outsourcing that align with corporate goals. 💡 **My Approach:** - **Analytical Thinking:** I utilize a blend of market insights and comprehensive analytics to drive decisions. - **Collaboration:** Teamwork is at the heart of what I do, building relationships that make our successes possible. - **Innovation:** Constantly seeking innovative solutions to enhance our procurement processes and results. 🔍 **Looking Forward:** I'm always open to discussing procurement strategies, sharing insights, and exploring new opportunities. Let's connect and advance our professional journeys together! 👍 **Follow me for updates** on the latest trends in procurement and how these can be applied to your business for transformative results. 📥 **Feel free to reach out!** Let's make procurement a strategic asset for your organization. #business #procurement #stayuptodate

As if you didn't see enough about new Procurement Jobs today - I have four more pending release in... the North West ... Manchester and Warrington! If you are a procurement professional in the North West with Public Sector experience... watch this space! #procurementjobs #procurementrecruitment #procurementleaders

🤝 You're in procurement? You must work a lot with numbers. Yes, that's true. Numbers are indeed a crucial part of my work in procurement. But you know what I work with even more often? People! 🤝 Procurement is a "People's Business". Especially in indirect procurement, it's all about relationship management. It's about building and nurturing strong partnerships. Because ultimately, it's the people behind the numbers that make procurement successful. In my role as Global Procurement Lead Commercial, I'm in daily contact with suppliers, internal stakeholders, and colleagues. It's about building trust, understanding needs, and collectively seeking optimal solutions. Relationships are the key to procurement success. Through close collaboration, we can negotiate the best terms, develop innovative solutions, and create value together. That's why I want to emphasize that procurement is not just about juggling numbers. It's about people, communication, and collaboration. When we're able to build and nurture good relationships, we can unlock the full potential of procurement. So let's not forget the "People's Business" in procurement and harness the power of interpersonal relationships to succeed together! I'm curious to hear how you experience relationship management in procurement. #ProcurementLife #PeopleInProcurement #SupplierPartnerships #ValueThroughPartnerships #ProcurementCommunity #ProcurementInsights

Thank you for your insightful post! It's unfortunate that some procurement professionals overlook the importance of relationship management. In many organizations, procurement managers encounter challenges due to late involvement and a lack of adherence to procurement processes by business stakeholders. Instead of addressing the underlying issues, blame is often shifted. To address this, it's crucial to understand why this disconnect occurs: - Is the procurement process unclear or not user-friendly for stakeholders? - Stakeholders may have other priorities, and communication with procurement may not be their primary focus. - Blaming stakeholders for not dedicating additional time to a procurement process they may not perceive as beneficial is counterproductive. Rather than assigning blame, let's focus on supporting our colleagues in the business. Improving communication and making the procurement process more accessible can help bridge the gap and drive success together. 😎

Roles of a Procurement Specialist. 📈 Develop viable, cost-effective and strategic procurement strategies.📊 🗣️ Communicate the value of strategic sourcing and procurement to key stakeholders 👥 💼 Develop and maintain relationships with stakeholders 🤝 💻 Work with key procurement software and systems 📝 📝 Evaluate existing procurement policies and procedures and update accordingly 📜 📋 Evaluate and select chosen suppliers using set criteria such as quality, price, delivery, and sustainability ✅ 🎟️ Attend trade shows, interview vendors, and visit supply plants/distribution centers 🏢 📄 Manage contracts, including settling disputes and ensuring suppliers meet expectations 📑 💬 Negotiating various contracts with vendors on quality, price, and delivery 💰 💹 Analyze and complete financial reports and pricing proposals 💼 📦 Keep track of all goods and services ordered and received with a comprehensive inventory 📋 ♻️ Ensure responsible procurement practices are being met and comply with company objectives 🏢 📝 Creation of purchase orders 📑 📊 Calculate all order costs and evaluate invoices for accuracy 💰 📊 Prepare and update reports, records, and pricing lists 📄 👥 Work with other teams for cross-departmental work 🔄

This is exactly what Procurement is.