Promena Strategic Procurement Software’s Post

Fruitful week doing local sourcing in south of Spain. Definitely planning in advance is the right path for a smooth execution. #voltalia #fosteringlocaldevelopment #planning #sourcing #purchasing

Another of my video updates focuses on discussions from #ProcureCon Asia.

STEP procurement update #fusionenergy #defenceindustry #nuclearindustry #defenceindustry #energyindustry

The debate has shifted, The question has evolved, however. It is no longer are bonuses between procurement and sales fair, but rather, how can we incentivize procurement in an equitable and productive manner? And, how can we find a model that works industry to industry? This conversation has demonstrated procurement bonuses vary vastly from company to company, and that they are not always as attractive as what other departments receive. How do we solve this problem?

Tarmo Rautiainen, appointed Arnon’s Chief Procurement Officer in July 2024, brings global procurement insight to Arnon. Responsible for the sourcing and logistics arrangements of Arnon and its subsidiaries, as well as the company’s universal procurement strategy, he has a lot on his plate. But what is most important? “Everything starts with friendly and respectful communication. If you have a good relationship with your supplier, they also treat you better,” he says. Read more about Tarmo and his plans in Arnon: https://lnkd.in/dbMjEr5E

I'm delighted to be speaking at ProcureCon Europe 2024, the flagship procurement event to benchmark your strategy with the world's biggest companies. I will talk about: "How to optimize cost, quality, and sustainability in procurement to transform responsible sourcing into profitable outcomes."

Where, if and how to decide to adopt AI in your company is a BUSINESS DECISION made on AI (basic) knowledge. That's what we do. Just in case... ask us :-)

🚂 Unpacking the Toolbox: Sourcing, Procurement, and Purchasing at Kinkisharyo and Bonterra 🚂 Navigating the world of sourcing, procurement, and purchasing can often seem like speaking three different dialects of the same language. Having led comprehensive procurement strategies at Kinkisharyo International for building trains and later constructing an entire procurement system from scratch at Bonterra, I’ve learned firsthand that understanding the nuances between these functions is key to supply chain success. 1. Sourcing: The Foundation Layer At Kinkisharyo, sourcing involved rigorous scouting for suppliers who could meet the exacting standards required for train manufacturing. This strategic phase was about more than just finding a supplier; it was about identifying partners who could journey with us on complex projects, ensuring quality and compliance every step of the way. 2. Procurement: The Strategic Framework Building on a solid sourcing foundation, procurement at Bonterra was about crafting robust frameworks. Here, I developed systems and processes that not only facilitated the purchasing of goods and services but also ensured these activities aligned with broader business goals. This included contract negotiations, managing supplier relationships, and setting benchmarks for quality and performance. 3. Purchasing: The Execution Arm The final piece of the puzzle, purchasing, was where the rubber met the road. This was the transactional phase where I executed the acquisition of goods and services. At both Kinkisharyo and Bonterra, this meant placing orders, managing logistics, and ensuring that what was delivered matched what was promised and paid for. 🌟 Each function, while distinct, is interdependent. Sourcing sets the stage, procurement builds the script, and purchasing performs the act. Mastering each element was crucial in my roles at Kinkisharyo and Bonterra, where the ability to seamlessly integrate these functions meant the difference between mere operational functionality and standout industry excellence. 🔄 Now over to you! How do you differentiate these roles in your organization? Have you found certain strategies that help streamline these processes? Let’s share insights and learn from each other! #SupplyChainExcellence #ProcurementTransformation #SourcingStrategy #OperationalEfficiency

🌍🛒 Celebrating International Procurement Day: Honoring the Backbone of Global Commerce Today, we commemorate international Procurement Day, a moment to recognize the vital role procurement plays in driving global commerce forward. Procurement, often referred to as the backbone of businesses worldwide, encompasses the sourcing, negotiation, and acquisition of goods and services necessary for operational success. From the food on our plates to the technology powering our daily lives, procurement professionals work tirelessly behind the scenes to ensure that businesses have access to the resources they need to thrive. Their strategic decision-making and keen negotiation skills contribute directly to a company's bottom line and overall competitiveness in the market. In a rapidly evolving global landscape, the role of procurement has never been more crucial. With supply chains becoming increasingly complex and interconnected, procurement professionals are tasked with navigating challenges such as supply chain disruptions, geopolitical instability, and shifting consumer demands. Moreover, procurement extends beyond simply purchasing goods and services. It encompasses sustainability initiatives, ethical sourcing practices, and supplier relationship management, all of which are integral to building a more resilient and responsible supply chain. As we celebrate international Procurement Day, let us take a moment to acknowledge and appreciate the dedication, expertise, and innovation of procurement professionals worldwide. Their efforts not only keep businesses running smoothly but also contribute to the growth and prosperity of economies on a global scale. To all procurement professionals, thank you for your tireless commitment to excellence. Your work is truly the driving force behind the success of businesses everywhere. Happy International Procurement Day! #ProcurementExcellence #GlobalCommerce #SupplyChainResilience 🌍🛒

Highly recommend hearing about the opportunities the reforms give & how technology can support so many objectives, including getting your stakeholders on board #procurementreform #digitalinnovation