Erkan Baygul

🔮 Make Smarter Buying Decisions with SpendGuru's Crystal Ball Module As a Buyer, managing suppliers, stock levels, and securing the best deals is your daily challenge. SpendGuru’s Crystal Ball module gives you powerful insights to support better decision-making and improve your procurement strategy. 📈 Open Book Accounting with Suppliers Transparency is key to strong supplier relationships. Crystal Ball helps you implement open book accounting, offering a clear, data-backed explanation of why prices rise or fall. This transparency strengthens trust with suppliers and helps ensure pricing is always fair and justifiable. 📦 Optimized Inventory Management Crystal Ball’s predictive models allow you to adjust inventory levels based on anticipated price changes. - Hold Off on Stocking When the model predicts a price drop, you can confidently reduce stock, optimizing cash flow and saving costs. - Stock Up Before Prices Rise If prices are expected to increase, you can preemptively build up inventory, protecting against higher future costs. This strategic approach helps you make the most of your budget and ensure supply chain stability. 💡 Build Smarter Procurement and Negotiation Strategies Crystal Ball goes beyond price predictions by supporting better procurement and negotiation strategies. - Choose the Right Procurement Tactics With insights from Crystal Ball, you can decide when to lock in long-term contracts, use spot buying, or focus on cost avoidance strategies. - Negotiate Better Deals Knowing future price trends puts you in a strong position during negotiations. With data on your side, you can push for better terms, securing more favorable prices ahead of market shifts. 🚀 Why Crystal Ball Is Essential for Buyers - Transparent Pricing Open book accounting fosters clear, trust-building communication with suppliers. - Smarter Inventory Decisions Predictive models guide stock adjustments based on future price trends. - Improved Procurement Strategies Data-backed insights help you apply the right levers for procurement success. - Stronger Negotiations Crystal Ball gives you the upper hand in supplier negotiations, leading to better outcomes. - Confident Decision-Making With accurate forecasts, you can make better-informed decisions that improve procurement performance. SpendGuru’s Crystal Ball module empowers Buyers to make smarter, data-driven decisions, optimize inventory, and negotiate more effectively. Ready to elevate your procurement strategy? Let Crystal Ball guide your next move! Schedule a free demo -> https://buff.ly/3Y7xJM8 #SpendGuru #CrystalBall #Procurement #Buyer #Negotiations #ProcurementStrategy #InventoryManagement #SupplierRelationships #PriceForecasting

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🔍 How do you know you’re ready for digital procurement? 🔖 How do you ‘sell’ the transformation up and down the organization? 📈 How do you enable procurement transformation - and what challenges will you need to overcome along the way? We are calling on procurement professionals who lead procurement excellence efforts to share the drivers of adopting procurement technology (beyond ERPs) and to what extent adopted S2P tech has met your organization’s needs and expectations. Please complete the following survey by 6 December: https://lnkd.in/gDzUFhsa This research forms the basis of Spend Matters research on helping procurement professionals ‘survive’ the digital procurement transformation roadmap. We want to help all parties in the (digital) procurement realm to achieve successful procuretech adoption and achieve true value. Many thanks for your participation! Carina Kuhl Xavier Olivera Abigail Ommen Bertrand Maltaverne Meena Ibrahim Nikhil Gaur Mia Klein Dawn Tiura Michael Lamoureux Matthias Gutzmann Geoff Talbot Susan Walsh Tom Derry

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📈 Curious how your procurement efforts measure up against the industry? Gain a competitive edge with Thinking Machine!  Our AI-powered platform delivers customized benchmarks of your internal suppliers tailored to their sectors, giving you a clear picture of your strengths and opportunities. Use our insights to: ✅ Compare your supplier’s pricing structure ✅ Evaluate cost efficiency and service quality ✅ Set strategic, actionable targets for continued improvement Ready to elevate your procurement strategy with data-driven benchmarking? 📞 Call us today at +44 (0) 20 8145 0106 or message us at [email protected] to get started! #ProcurementBenchmarks #AI #MarketComparison #CostEfficiency #ProcurementInnovation

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🔗 𝗠𝗰𝗞𝗶𝗻𝘀𝗲𝘆: 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗧𝘄𝗶𝗻𝘀 𝗖𝗼𝘂𝗹𝗱 𝗥𝗲𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝗶𝘀𝗲 𝗣𝗿𝗼𝗰𝘂𝗿𝗲𝗺𝗲𝗻𝘁 The future of procurement is here, and digital twins are leading the charge. McKinsey predicts that the use of digital twins in procurement could significantly enhance decision-making, reduce costs, and improve efficiency. Curious about how this cutting-edge technology can transform your procurement strategy? Read more, here 👉 https://bit.ly/3N88Idu #Procurement #DigitalTwins #SupplyChain

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How do you measure up? The new Procurement Act brings stricter performance measures for suppliers. This means more transparency and accountability for everyone involved. What you need to know: Contracts over £5m will be rated on KPIs. Ratings will be published annually, so perform well to stay in the public's good graces! Collaboration is key! Work with authorities to ensure fair and achievable KPIs. Read the full breakdown here: https://ow.ly/FPZ050RNxwV #Procurement #PublicSector #Transparency #PerformanceMatters

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The B2B market is constantly evolving, requiring procurement professionals to not only seek the lowest price but also add value and innovate within their companies. In this context, continuous development is essential for career success. Discover the 10 essential skills to advance in your procurement career. Click in the link and learn how to exceed market expectations! 🌟 👉 https://hubs.li/Q02CGtDF0 #MercadoEletrônico #ProcurementProfessional #B2BMarket #Procurement

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Procurement Beyond the Iron Triangle Gone are the days when the iron triangle of Cost, Time and Quality was the sole focus of procurement teams. While these factors remain critical, especially in an era of rising costs, they are now just part of the broader strategy for modern procurement. Driving Innovation in your supply chain is essential for finding creative solutions. Without innovation, it's an almost impossible challenge to drive value and stay competitive. Investing in supplier relationships is key. Without strong relationships, suppliers are less likely to go the extra mile to find creative solutions to disruptions or cost fluctuations. That's why investing in Supplier Relationship Management (SRM) is a no-brainer. A robust SRM strategy ensures you get the best from your suppliers, fostering collaboration and innovation. Empower your team with a software solution that provides a comprehensive overview of all key reports and supplier relationships in one central, tailored portal. If you're ready to enhance your SRM strategy, speak to a member of our team today about our Contract & Supplier App. #procurement #supplychaininnovation #supplierrelationshipmanagement #SRM #procurementsoftware #supplychainmanagement https://lnkd.in/ecmzYEFX

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Process orchestration helps solve the problem that too much new technology has created within procurement. It does so by allowing you to use your existing mix of people, data, and tech better together; create procurement processes that meet requesters and approvers in whatever application environments they already work in; and extend to employees in those environments cutting-edge functionalities, such as Al and real-time in-workflow collaboration. Most important of all, it allows you to finally, truly make your technology work for the employees you serve—rather than make employees work for your tech. This is one reason orchestration sits at the center of Dr. Elouise Epstein 🏳️‍⚧️'s famous "Modern Procurement Platform Stack." As Dr. Epstein wrote last year, "It has the potential to be the 1 app to rule them all... or at least the single smart interface to all the capabilities on the chart.” Read more on the Tonkean blog, linked to in the comments. #Procurement #Procuretech #ProcessOrchestration #Sourcing

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🌟 Celebrating 5+ Years of Liska Supply Chain Consultancy! 🌟 As I reflect on the past five years as an independent Senior Supply Chain Consultant, I’m filled with gratitude for the journey so far. When I started Liska Supply Chain Consultancy, my focus was simple: deliver quality work and build strong relationships. That commitment has led to a continuous stream of exciting and challenging assignments, particularly in the Biotech and Life Sciences sectors, which I’m proud to call my niche. Every project has brought new learning opportunities and allowed me to expand my experience within the Supply Chain realm—whether it's optimizing processes, navigating regulatory complexities, or ensuring smooth product launches. Along the way, I’ve faced and embraced challenges that pushed my limits, making the successes even more rewarding. What stands out to me the most is the trust clients place in me. Delivering impactful results in this critical industry has been an honor, and it’s their continued confidence that has driven the steady growth of Liska Supply Chain Consultancy. Thank you to all the partners, clients, and colleagues who have been part of this journey. I’m excited about the future and eager to continue solving supply chain challenges that matter. Here’s to many more years of innovation and success! #SupplyChain #Consulting #Biotech #LifeSciences #SupplyChainExcellence #LiskaSupplyChainConsultancy #5YearsStrong

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Do you have ad hoc procurement requirements? Or perhaps need assistance with a new challenge affecting your regular supply chain? Then our On-Demand Procurement Support/ ‘Procurement as a Service’ (PaaS) is perfect for you. We'll provide a flexible package that will allow you to retain engagement expertise during your yearly cycle. Our ‘Procurement as a Service’ (PaaS) will cover areas like: 🔶Contract Reviews, including contract re-negotiations 🔶Contract Development 🔶Terms and Contracts GAP Analysis 🔶Commercial Disputes 🔶Tender Preparation 🔶Category Management Reviews Check out more on how our on-demand procurement can benefit your organisation here: https://bit.ly/3TXsprw #OnDemandProcurementSupport #ProcurementAsAService #PaaS #ContractReviews

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Ready to transform your procurement strategy?  Explore the top trends for 2024 that will keep your business ahead of the curve. Read the full blog post here: https://lnkd.in/d4rxZcuN

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Curious about the future of procurement? Strap in as we delve into burgeoning trends and priorities for companies worldwide! 🌐 The digital revolution is upon us and Procurement departments are championing the cause. If performance optimisation, digital transformations, and Corporate Social Responsibility make your eyes light up, we have quite the treat for you! We're examining companies rapidly adopting digital solutions for transparency, compliance, and to ramp up their Source-to-Pay processes. #DigitalTransformation #Procurement2030 #CorporateResponsibility #StrategicSourcing

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🗣 Excited to announce that Buynamics has been added to ProcureScape as an ecosystem partner 🎉 🎯Buynamics is on a mission to help procurement professionals achieve next-level negotiations. 🌏Procurement wants to know two critical points about its supplier. 🌟 CEO Robert Driessen outlines how a combination of Buynamics #WTP & #VRS solutions can answer those questions and some. 👀 👉 𝗧𝗮𝗸𝗲 𝗮 𝗹𝗼𝗼𝗸 𝗮𝗻𝗱 𝗹𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲 https://lnkd.in/e-pMq_27 #procurement #supplychain #saas #procurementtechnology #spendmanagement #costefficiency #costsavings #suppliermanagement Yorick van der Steen

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Procurement in a Nutshell: Procurement Act 2023 Guidance on KPIs. This week's Nutshell examines the published guidance on KPIs and their importance when assessing supplier performance under the new procurement regime. Tim Care covers setting and publishing KPI's, Contract Performance Notice under Section 71, Section 71(2) and what these mean in practice. Read it here: https://lnkd.in/eTTyAraQ #PublicSector #Procurement

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🚨 Seasoned Procurement professional or beginner, you’re likely well aware of the pressure to save time AND money. You want to reduce the cycle time of the sourcing process and expedite the final analysis without short-changing the results. At the same time, you wish to accelerate supplier negotiations without losing out on money 🎯 😃 You've definitely come to the right place! Download the eBook to explore the 7 ways eSourcing can save time & money 👉 https://lnkd.in/eXhF78NE #DigitalTransformation #S2P #Sourcing #Procurement

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Over 50% of organizations have automated their procurement processes, with around 35% using AI in procurement — an impressive increase from 29% in 2020. This evolution enables procurement teams to make superior decisions, initiate more events, and cover broader ground without additional resources. The post Debunking 5 common myths about Predictive Procurement Orchestration appeared first on Spend Matters.

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11 procurement trends for 2024 according to Procurement Tactics: 1. Fast Integration of AI in Procurement AI is revolutionizing procurement, enhancing efficiency and cost-effectiveness. 2. Conversational AI leading to increased productivity
 By 2024, conversational AI is expected to significantly impact procurement, with 84% of business leaders planning its adoption. 3. Supplier development to counter supply chain disruptions Proactive planning and securing alternative suppliers are crucial in procurement, especially with current geopolitical issues and high inflation. 4. Procurement forecasting with predictive analysis Utilizing tools like Sievo, businesses can make data-driven decisions, optimizing procurement processes and supplier selection, while also being mindful of potential data security issues. 5. Real-time stock & supply systems
 Real-time systems in procurement are crucial for immediate risk and demand response, enhancing supply chain collaboration and reducing information delays. 6. Redefining remote procurement work setup
 Remote work in procurement is here to stay, with a trend towards hybrid models. 7. Procurement’s Emphasis on Relationship Building
 Businesses are shifting towards collaborative, real-time systems, moving away from traditional, self-centered approaches for better efficiency and resilience. 8. Sustainable Procurement as the norm instead of an add-on
 Companies will continue to invest in climate adaptation, with major brands adopting eco-friendly initiatives. 9. Inclusivity and Diversity
 Businesses prioritize diversity, equity, inclusion, and belonging (DEIB) in procurement, reflecting a broader commitment to fairness and inclusivity. 10. Shortage of qualified sustainable Procurement Professionals
 The surge in sustainable procurement jobs demands new skills from professionals. A study by the World Economic Forum shows that about 54% of procurement professionals will need to learn new sustainability skills by 2024. 11. T-shaped Procurement Teams
 The T-shaped procurement model, emphasizing deep expertise in one area and broad skills in related fields, will gain popularity. This approach ensures diverse, flexible teams capable of addressing various challenges in the procurement process, highlighting the importance of empathic negotiation, analytical thinking, soft skills, and sustainable procurement. 2024 is shaping up to be a transformative year for procurement, with trends such as AI integration, supplier development, and sustainable procurement leading the charge. The emphasis on real-time systems, predictive analysis, and relationship building will redefine how procurement professionals operate. As we navigate these changes, it's crucial to stay ahead of the curve. PS: For an in-depth look at these trends and how to leverage them for success: 1. Add me as a connection 2. Comment "11 trends" To receive the link to the full report! 🚀 #Procurement #ProcurementTrends #AI

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🦕 Procurement Dinosaur - Self Diagnosis Check-up 🦕 🩺 You might be a Procurement Dinosaur if: 🦖 Repetitive Tasks: You are engaged in activities that are highly repetitive. Could these tasks be mapped and automated? 🦖 Rule-Based Decisions: Does the activity require human judgment? Are the decision criteria clear cut enough to be programmed? 🦖 Data Redundancy: Are you constantly pulling and placing data into the same fields within your systems? 🦕 If you answered "yes" to any of these, it's likely that a procurement bot could perform these tasks. It's time to shift your focus to more strategic initiatives. 🩺 Embrace Change: Acknowledge Reality: Recognize these signs and understand the implications for your role and the broader procurement landscape. Strategic Reorientation: Explore how you can contribute to more value-added activities within your organization. 🦕 Evolve or Extinct: This may seem harsh, but it is the truth if you like it or not. The procurement landscape is rapidly evolving. Stay relevant by transforming your role from operational to strategic, ensuring you are not left behind as a relic of the past. 🔬 Remember, in the world of procurement, being adaptable isn't just an advantage—it's necessary for survival. Engage in continuous learning and embrace technology to keep your skills and contributions impactful. What else would you add to the self diagnosis or how to not be a Procurement Dinosaur, keep them coming in the comments section.

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