Procurement Software

APRIL 18, 2023

This involves suppliers competing in sequential bidding. Buyers will have already vetted the suppliers they want to invite to the eAuction and suppliers will start out with their initial bid at the beginning of the auction process. It also improves your agility across everyday procurement processes.

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

Arkestro

MARCH 13, 2023

Arkestro empowers us to automate and accelerate the bidding process, speeding delivery of preferred supplier agreements to different businesses.” Due to pandemic-driven market disruption, consumer behaviors shifted and labor forces shrunk — suffocating the global supply chain.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Procurement Bidding 52

Procurement Heads

MARCH 27, 2023

We are having to become much more agile in our approach because suppliers are less willing to hold their pricing. I’m passionate about working in collaboration with the supply chain and allowing for constructive conversations so that we’re doing all we can to ensure the best value for money for our customers.

Sustainability 246

Sustainability Agile and Lean Supply Chain Influencing Procurement 246

World of Procurement blog

MAY 8, 2024

Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. Conduct supply chain audits and due diligence on high-risk categories. Leverage e-procurement tools and online auctions to obtain competitive bids and pricing. Dual sourcing and supply chain digitization can help.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Heads

JUNE 14, 2023

If you know the regulations well and you can think strategically, you can still be agile, innovative and drive value for money. I also brought in some new people into my national team and changed the culture to be more agile and service-orientated. This took time and required a company-wide change.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Networking Supply Chain Efficiency Innovation 130

World of Procurement blog

APRIL 23, 2024

Sourcing Software: Helps companies find and acquire goods and services by managing RFQs (Request for Quotations) and bidding processes. Return on Investment: Evaluate potential returns, considering both direct financial gains and intangible benefits like improved agility and compliance. Examples include SAP Ariba and Coupa.

Procurement 52

Procurement Supply Chain Efficiency Real-time Visibility Purchase orders 52

Arkestro

SEPTEMBER 19, 2023

While certain industries continue to work around rising prices and supply disruptions, others are trying to take advantage of downward price pressures. Couple these with a broader climate of economic volatility and talent scarcity, and CPOs and heads of Manufacturing and Supply Chains have their work cut out for them.

Sourcing 52

Sourcing supply chain budgeting Procurement Bidding 52

Procurement Heads

MARCH 27, 2023

We are having to become much more agile in our approach because suppliers are less willing to hold their pricing. I’m passionate about working in collaboration with the supply chain and allowing for constructive conversations so that we’re doing all we can to ensure the best value for money for our customers.

Sustainability 130

Sustainability Agile and Lean Supply Chain Influencing Procurement 130

The Procuretech Podcast

MAY 3, 2022

Given the current supply chain crisis and geopolitical instability, what better time to speak to a guest from a unique eSourcing solution? Alan Holland, CEO of Keelvar, is here to tell us how AI can offer something more immediate, spot and transactional, in these unstable times when agility matters.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Bidding Sourcing supply chain software solutions 52

Una

NOVEMBER 14, 2022

Now, CPOs and their procurement teams look to invest in more secure supply chains, addressing increased volatility in consumer demand and responding to the changing ways people work (i.e., Then, in the 1960s, the practice of competitive bidding became commonplace giving rise to trained procurement professionals. Is that all?

Procurement 98

Procurement Agile and Lean Supply Chain Supply Chain Efficiency Procurement team 98

Una

JANUARY 8, 2024

When it's finally time to bid them farewell, they are recyclable, contributing to a greener planet. When it's time to bid farewell, they're easily recyclable. Procurement can promote employee value all the way down the value chain by ensuring suppliers comply with fair labor practices, ethical standards, and employee well-being.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Agile and Lean Supply Chain Purchasing 52

Una

MARCH 6, 2024

Being able to adapt fast keeps businesses agile and ready for whatever the market throws their way. Prioritize cybersecurity Make sure that your outsourcing partner has robust cybersecurity measures in place to minimize the chance of a supply chain or back-door attack on your organization.

Procurement 52

Procurement Agile and Lean Supply Chain Purchasing Supply Chain Efficiency 52

Procurement Software

MARCH 11, 2022

Sustainability initiatives within the supply chain. If this were a manufacturing process generating over 30% waste, it would be something that lean experts would be examining closely, questioning the inefficient use of energy and resources. Competitive bidding for €10k worth of one-time spend. Supplier innovation.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

ivalua

JANUARY 22, 2019

A Forrester study on enabling smarter procurement found only 22% believe their reporting and analysis is where it should be and only 22% that they have the required agility to respond to changing requirements. 33% bluntly stated their service does not meet customer expectations. Innovation.

Procurement 113

Procurement Agile and Lean Supply Chain Innovation supply chain software solutions 113

Procurement Software

MARCH 11, 2022

Sustainability initiatives within the supply chain. If this were a manufacturing process generating over 30% waste, it would be something that lean experts would be examining closely, questioning the inefficient use of energy and resources. Competitive bidding for €10k worth of one-time spend. Supplier innovation.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

Empowering CPO

JUNE 14, 2023

At its core, procurement is the process of finding, agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. Organizations are now expected to not only manage cost but also to ensure supply chain resilience, mitigate risks, and contribute to strategic objectives.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Una

OCTOBER 9, 2023

DOWNLOAD PLAYBOOK Table of Contents Introduction In procurement and supply chain, staying ahead of the game is not just a goal – it’s a necessity. By proactively addressing risks, organizations can safeguard their supply chains and drive efficiencies.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Jaggaer

OCTOBER 8, 2019

They should also extend this digitalization to supply chain management (supplier portal, webEDI, etc.) This is not simply about cost savings here and there (the traditional C-suite view of what procurement does) but driving value and making your organization more agile in an uncertain and rapidly changing world.

Procurement 40

Procurement e2e Agile and Lean Supply Chain supply chain software solutions 40

SCMDOJO

NOVEMBER 2, 2023

Effective supply chain management is essential for success in the dynamism and connectivity of modern companies. To accomplish this, you require the skills of supply chain experts who can manage the complexity and difficulties of today’s global supply chains. They come from a variety of backgrounds.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 59

Una

MARCH 6, 2023

How to Market Procurement’s Value Beyond Cost Savings The Importance of Looking Beyond Cost Savings in Procurement Procurement Automation: 5 Tasks You Should be Automating Employ lean procurement principles For some organizations, getting Lean in procurement simply involves doing things faster.

Innovation 98

Innovation Purchasing Agile and Lean Supply Chain Supplier relationship management 98

World of Procurement blog

APRIL 23, 2024

In this blog, we're diving deep into the realm of procurement strategy—discussing its importance, how to craft an effective plan, communicate it within your firm, measure its success, and understand different procurement methodologies, including agile procurement. This can range from competitive bidding to direct negotiations.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

World of Procurement blog

APRIL 23, 2024

In this blog, we're diving deep into the realm of procurement strategy—discussing its importance, how to craft an effective plan, communicate it within your firm, measure its success, and understand different procurement methodologies, including agile procurement. This can range from competitive bidding to direct negotiations.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Arkestro

JANUARY 9, 2024

As we move into 2024, procurement teams continue to face hurdles like supply chain volatility, geopolitical tensions, budget restrictions, talent shortages, and more. Sustainable bidding. Here are just a few ways manufacturing procurement teams can leverage AI and automation tools this year: Minimize supply chain disruptions.

supply chain budgeting 52

supply chain budgeting Supply chain resilience Procurement Supply Chain Optimization 52

The Good Spending

NOVEMBER 5, 2021

Procurement is on the journey from cost-cutting to value delivery Naturally, Procurement started in the lowest cost arena, where the cheapest bid wins. Lowest bid Supplier selection by the lowest bid is still the dominant approach in many companies, especially public ones. This method is simple, logical, and easy to implement.

Procurement 52

Procurement Bidding Supply Chain Efficiency Contract 52

Claritum

SEPTEMBER 27, 2018

The NfP also has a greater focus on adding social value to a supply chain. Particularly in the case of critical supply chains where there can be a very limited group of suppliers. Flexibility and agility over where money can be spent Budgeting for success. This process tends to discourage long term relationships.

Supply Chain Efficiency 36

Supply Chain Efficiency supply chain budgeting Procurement Ethics 36

Pipefy

MAY 9, 2023

Supplier KPIs Suppliers, by definition, comprise a crucial link in your supply chain. This constitutes a high risk for shortages and bottlenecks; potential customers will take notice as was recently shown with the most recent supply chain disruptions. After all, your shortages are their problem, as well.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

Procurement Software

NOVEMBER 14, 2023

From the outside, it appears to be a bid by SAP Ariba, Coupa and other legacy Procure-to-Pay and Source-to-Contract suites to maintain their relevance. Maintaining their moat and preventing customers from defecting to more agile offerings on the market is a smart move. Of course, not every customer will buy every module.

supply chain software solutions 52

supply chain software solutions Spend management Agile and Lean Supply Chain Risk 52

The Good Spending

AUGUST 23, 2022

It assumes that the winning bid includes solid commercials and non-material benefits, e.g., improvements in end-user experience. Procurement must work closely with the supply chain to optimize depreciation exposure to sell or dispose of slow-moving or obsolete inventories. Such an approach may be accused of subjectivity.

Procurement 98

Procurement supply chain budgeting Supply Chain Optimization Budget 98

Empowering CPO

MAY 4, 2023

By effectively managing the purchasing process, companies can better control their expenditures and optimize their supply chain, ensuring the availability of the right products and services at the right time. E-sourcing tools: Platforms that facilitate online bidding and negotiation, streamlining the supplier selection process.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Pipefy

JUNE 15, 2023

This is especially true for leaders and teams wanting to become much more agile and resilient in light of the challenges created following recent supply chain disruptions. These solutions also save money on sourcing , which is the process of identifying and assessing suppliers.

Procurement 52

Procurement supply chain software solutions Purchase orders Procurement solutions 52

Planergy

JULY 21, 2023

Technology solutions are incredibly helpful in dealing with goods, but they must have an agile stance to maximize value creation as they are applied to service category sourcing. Wasted Spend Without adequate supply chain management , organizations risk wasting a lot of money.

Management 52

Management Procurement supply chain budgeting Budget 52

Procurement Software

JULY 4, 2023

It enables organisations to achieve a more efficient, transparent and agile procurement process, thus allowing them to focus on strategic decision-making and business growth rather than transactional and operational tasks. Blockchain can be used across various industries, including both finance and end-to-end supply chain management.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement supply chain budgeting 52

Supply Chain Game Changer

NOVEMBER 23, 2018

Growing global complexity in supply chain management has forced organizations to look towards technology as their silver bullet; serving as the missing link between people (supply chain actors) and the ability to collaborate at scale. Check out What Exactly is Blockchain? And How Does it Work? Infographic).

Supply Chain Efficiency 50

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 50

Procurement Software

MARCH 7, 2023

It enables: Building stronger relationships with your key suppliers Competitive bidding, which optimises cost Evaluating non-price factors important to your organisational objectives e.g. quality, lead time, sustainability Performing the appropriate pre-qualification of suppliers. Improvements to end-to-end supply chain efficiency.

Sourcing 64

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 64

Procurement Software

DECEMBER 5, 2022

Competitive bidding, which optimises cost. Improvements to end-to-end supply chain efficiency. Some of the more advanced procurement software offering source-to-pay functionality can also provide: Reverse auction capability, with complex functionality for bid and proposal evaluation criteria. Simplicity is key here.

Sourcing 52

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 52

Supply Chain Game Changer

NOVEMBER 14, 2018

Supplier relationship management is a process for developing and managing collaborative relationships with suppliers at all levels to achieve the required business objectives and overall supply chain strategy. The third area of importance is the speed and agility of the supplier. Cost is next on the list.

Supplier relationship management 44

Supplier relationship management Suppliers Management Agile and Lean Supply Chain 44