Are you looking to advance your expertise in procurement, supply chain management, logistics, project management, purchasing, or sourcing? If you?re a professional in the field or looking to take your career to the next level, you?ll want to find the best YouTube channels to get the most up-to-date education on these topics. Read on to see which channels have the top-notch content for procurement and supply chain professionals!
Procurement: Top Youtube Channels
ProcurementExpress
ProcurementExpress is a YouTube channel dedicated to helping businesses streamline their procurement management process. It covers topics such as procurement software, purchase order tracking, purchase order sytem, and purchase order form. Their content helps businesses with online purchase order processing, inventory management, and creating and tracking purchase orders.
World of Procurement
The World of Procurement YouTube channel offers comprehensive procurement training and insights into supply chain management, contract management and the procurement process. It provides deep dives into procurement and supply chain management, as well as contract management in procurement. The channel also offers a range of supply chain and contract management training videos to help viewers acquire the specific skills they need to excel in the field. With high-quality tutorials and engaging content, it's the perfect channel to educate yourself and grow in procurement, supply chain and contract management.
Office of Government Procurement Ireland
The Office of Government Procurement Ireland YouTube channel provides a wealth of knowledge on procurement matters within the Irish society and beyond. Their videos feature advice and guidance from experts and leading figures on areas such as purchasing, contract management, legal issues and accounting. Through these videos, viewers gain a better understanding of how to manage public procurement processes in a compliant and cost effective manner.
CIPS
CIPS YouTube channel is the ideal destination to learn about procurement and supply chain topics. From buying and purchasing to careers and teaching, CIPS offers videos for both educational and professional purposes. It is a great resource for anyone looking to develop their career in the purchasing and procurement industry or to gain a better understanding of the supply chain.
ISM-INDIA
ISM-INDIA is a YouTube channel that provides resources related to Procurement and Supply Chain. It is part of the Institute for Supply Management (ISM) which provides advice and guidance on Sourcing, Bidding, Contracting and other Supply Chain-related topics. It is a useful resource for those looking to increase their knowledge and effectiveness in purchasing, procurement and supply chain management.
Bonfire
Bonfire YouTube channel is a great source for obtaining the latest information about procurement, technology, knowledge, and lifestyle. Their videos provide insightful and informative reviews of products to help viewers make an informed decision. They offer tips, tutorials, and other resources to help people strengthen their understanding of various topics. The channel is a must-watch for anyone wanting to stay up to date with the latest trends and technologies.
NASPO
NASPO is a YouTube channel that provides invaluable resources in the field of public procurement. The channel is managed by members of the National Association of State Procurement Officials (NASPO) and features a wide range of videos and presentations to help viewers gain knowledge and insight into best practices in procurement. It also serves as an important platform for the Society to share knowledge and success stories across state procurement agencies.
icleieurope
icelieurope is a YouTube channel that offers videos and other resources focused on sustainability, climate change adaptation and mitigation, sustainable procurement, sustainable mobility, and cities adapt. It is an information hub for ICLEI Europe, a European network of local and regional governments dedicated to promoting sustainable development in their cities and communities. The videos and other content provide helpful tips and information to help local governments become more sustainable and resilient.
Skill Dynamics
Sourcing Industry Group (SIG)
Sourcing Industry Group (SIG) is a YouTube channel that follows the mission of advancing the profession of procurement and strategic sourcing through research and events. Through the channel, SIG informs their viewers of updates in global sourcing strategies, upcoming events like their Global Sourcing Summit, and discussion of topics such as nearshoring and outsourcing by their CEO Dawn Tiura. The channel acts as a hub for the greater SIG community, connecting individuals interested in understanding supply chain, procurement and sourcing interests.
Zerite Network
Zerite Network is a YouTube channel dedicated to helping small business owners reach their fullest potential. The channel offers in-depth tutorials, lectures, and how-tos about topics like procurement, online learning, financial planning, business start-up, CPA lectures, and ACCA tutorials. Whether you?re looking to start your own business or just need help with the basics of financial planning, Zerite Network has you covered.
Ivalua
The Ivalua YouTube channel is a great resource for users on the topics of procurement, strategic sourcing, supplier management, supplier risk, contract management, e-achat décisionnel, référentiels risques, and achats complexes. With detailed audio-visual explanations and practical examples, Ivalua provides educational content to help users maximize the potential of the Ivalua platform.
Supply Chain Doctrine
The Supply Chain Doctrine YouTube channel provides educational resources on various aspects of supply chain management, from procurement and inventory management to warehouse management, store management, distribution management, green supply chain and general management. It is a great source for anyone interested in learning more about procuring and managing resources efficiently.
Supply Chain Academy Toronto - SCAT
The Supply Chain Academy Toronto - SCAT YouTube channel offers concise, accessible tutorials on procurement, inventory management, and other related topics in the world of procurement and supply chain. It is an ideal spot for those looking to broaden their knowledge of the supply chain space in an easy to understand format.
Review Machine - Be An MBA
Review Machine - Be An MBA is a YouTube channel dedicated to retail management and related topics. It covers topics such as procurement, inventory management, KRA and KPI, store manager, retail formats, and store operations from Future Group. Differences between retail and other formats are explained in detail, as well as what retail is and how it works. The channel offers helpful tutorials for those interested in learning about retail management for a successful career in the industry.
Procurify
Procurify's YouTube channel provides informative videos about their software for businesses in the procurement space. They cover topics such as supply chain management, invoice management, purchase order, procurement, expense, and eprocurement. Their videos explain how their software can help businesses streamline their purchasing process and reduce costs.
Crafting an Effective Procurement Plan
A well-crafted procurement plan is a critical part of any business operation. It is the roadmap that guides an organization’s spending and resources, ensuring efficiency and cost savings. By outlining specific steps and milestones, a procurement plan helps executives measure and track the success of their company’s investments.
Developing an effective procurement plan requires expertise, research, and close attention to detail. Start by forming a procurement team that includes representatives from each department that has purchasing duties, such as IT and HR. This team should identify as many potential sources of supplies and services as possible, from the most reliable corporations to the small, lesser-known vendors. It needs to evaluate each potential source to identify the best offerings for the lowest cost.
Once all potential sources are researched and evaluated, the procurement team can begin to put together a comprehensive strategy for purchasing and contracting. They must consider factors such as the level of risk associated with each decision and how long it will take to acquire certain products or services. They should also plan how they will source and negotiate contracts, how they will receive payment, and what kind of tracking system they will use to ensure that all contracts are being met. A comprehensive procurement plan will help reduce costs, minimize risk, and promote strong supplier relationships. This can give a business a major competitive advantage.
By following these steps and adhering to these guidelines, any organization can ensure they create a comprehensive and effective procurement plan. Not only will they be able to identify the best possible solutions and resources, but they will also ensure they are making the most cost-efficient purchases and utilizing their resources to the fullest. With a carefully crafted procurement plan, businesses can become more efficient and find financial success.
Incorporating Risk Management Techniques into Your Procurement Processes.
Risk management is an integral element of any procurement process. Implementing effective risk management techniques can help to ensure the smooth running of procurement operations and the successful completion of business objectives. Assessing, monitoring and evaluating risk throughout the procurement process can help organizations to identify, prioritize and mitigate identified risks.
- The first step in incorporating risk management techniques into procurement processes is to implement risk assessment protocols. This may include identifying and mapping potential risk sources, assessing the possibility and impact of risks, and creating mitigation plans.
- Additionally, monitoring risk throughout the procurement process can help to ensure that any issues are identified and acted upon quickly. This can be done by regularly reviewing supplier performance, collecting and analyzing data, and conducting audits of third-party suppliers.
- Finally, it is important for organizations to evaluate the effectiveness of risk management tools and protocols. This involves assessing the success of previously implemented risk mitigation plans, identifying gaps in processes, and developing additional controls to address identified risks. Implementing review and feedback sessions can help organizations to assess the effectiveness of risk management measures and appropriately adjust future processes.
Adopting these risk management techniques will give organizations a competitive edge, ensuring smooth and successful procurement operations.
Common Pitfalls of Procurement
When it comes to procurement, it is important for organizations to have a strategy in place in order to avoid common pitfalls. Many organizations have experienced procurement failure due to poor decision making or a lack of understanding of the entire process. Therefore it is important to recognize the common pitfalls of procurement to ensure success.
One of the most common pitfalls of procurement is a lack of preparation. This often occurs when an organization has not taken the time to create a detailed plan and set out clearly defined goals. It is also important to have an understanding of the specific items or services that need to be procured, as well as any associated cost and timeline. Without proper planning, organizations may make ill-informed decisions that could lead to a costly procurement failure.
Another common pitfall is a lack of research. Research is essential to ensure that the procurement process is as efficient as possible. During the research stage, organizations should do comparison shopping and make sure that they are working with a reliable supplier. This is especially important when procuring products or services from overseas vendors. Without researching potential suppliers, businesses risk paying more than they should and potentially receiving items of a poor quality.
By taking the time to plan and research, organizations can reduce the risk of procurement failure. By understanding the common pitfalls, organizations can help create strategies to avoid them and make sure their procurement processes are as efficient and successful as possible.
To ensure successful procurement, organizations should be aware of the common pitfalls and have a strategy in place to avoid them. Poor planning, inadequate research, and selecting the wrong supplier can all lead to costly failures. By taking the time to plan and research, organizations can reduce the risk of procurement failure and ensure that the entire process is as efficient and successful as possible.
