As we start 2025, it’s a good time to reflect on the topics and ideas that mattered most in procurement and sourcing last year.
In 2024, the Market Dojo blog covered a wide range of subjects to help professionals navigate challenges and improve their processes. This article looks back at some of the most-read procurement blogs from the past year, highlighting practical advice and key insights. Whether you’re catching up or revisiting old favourites, these posts offer a useful summary of what shaped the conversation in 2024.
Effective contract management is crucial for mitigating risk, ensuring compliance, and building strong supplier relationships. This blog outlines ten key questions to help you evaluate and improve your contract management processes. Covering topics such as identifying potential risks, understanding contract obligations, and measuring performance, the article provides a straightforward framework for ensuring contracts are well-managed throughout their lifecycle. Whether you’re reviewing existing agreements or preparing for new ones, these questions can guide better decision-making and help avoid common pitfalls. Read full article…
What is Supplier Relationship Management and Why it MattersSupplier Relationship Management (SRM) is more than just maintaining contact with suppliers”it’s about building strategic partnerships that drive value for both parties. This blog explains the key principles of SRM, including its role in reducing costs, improving quality, and fostering innovation. It also highlights why effective SRM is essential for organisations to remain competitive in today’s complex supply chains. With practical advice and clear examples, the article underscores how strong supplier relationships can lead to better collaboration and long-term value creation. Read full article…
The New Rules of Supplier Relationship PerformanceFollowing on the same theme is an introduction to How to Reshape Supplier Relationships (part of The New Rules of Procurement Engagement series). By breaking down the complexities of managing supplier partnerships, the blog provides practical advice on prioritising strategic goals, fostering collaboration, and ensuring both parties benefit. It also discusses how this approach can help organisations streamline their supply chains, improve communication, and adapt to changing market conditions. Whether you’re looking to strengthen existing relationships or develop new ones, this article offers actionable steps to reshape how you work with suppliers. Read full article…
Aggreko Achieves Best-in-Class Onboarding with Market DojoWe’re thrilled to see a customer success story in the list of most popular blogs. This case study highlights how Aggreko, a global leader in mobile energy solutions, improved its supplier onboarding process with Market Dojo’s tools. By adopting a streamlined, digital approach, Aggreko was able to reduce administrative burdens, enhance data accuracy, and improve compliance. The story details the challenges Aggreko faced, the solutions implemented, and the measurable benefits achieved, showcasing how Market Dojo helped them create an efficient and scalable onboarding system. This example provides valuable insights for organisations looking to optimise their own supplier management processes. Read case study…
Our Top 5 Categories for Sourcing Events Where Buyers Are SavingFor many, last year saw a renewed focus on cost savings so it’s no surprise this came in as one of the favourites. The blog examines the top five categories where buyers achieved significant savings through sourcing events on Market Dojo’s platform. Covering diverse areas such as facilities management, IT equipment, and professional services, the article highlights trends and strategies that delivered cost efficiencies for organisations. It also provides insights into why these categories are particularly well-suited for e-auctions and other sourcing tools. Whether you’re looking to identify new opportunities for savings or refine your procurement strategies, this article offers valuable guidance based on real-world successes. Read full article…
From FOMO to Fearless: How to Use eAuctions to Drive Cost SavingsStill going strong… this blog reinforces the relevancy of e-auctions as a powerful tool for achieving cost savings and enhancing procurement efficiency (a perennial challenge for procurement). The article provides a step-by-step guide to running successful e-auctions, from selecting the right categories to engaging suppliers and setting clear goals. It explores the different types of e-auctions and offers practical tips on how to maximise competition while maintaining supplier relationships. Whether you’re new to e-auctions or looking to refine your approach, this article is a useful resource for leveraging this technology to reduce costs and add value to your procurement process. Read full article…
This concludes our 2024 roundup… and is a good reflection on the procurement challenges faced by our customers.
To navigate the complexities and opportunities of the coming year with confidence, download the Procurement Pathfinder 2025 eGuide or Book your personalised demo with our Sourcing Specialists today.
January 9, 2025