Remove Agile and Lean Supply Chain Remove Bidding Remove Suppliers Remove supply chain software solutions
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How Modern Software Empowers Procurement with Agility and Resilience in Times of Crisis

ivalua

The pandemic wreaked havoc on businesses and their supply chains, but even in these trying times, there’s a silver lining. What we learned about agility and resilience can be applied to future-proof the source-to-pay (S2P) process and help organizations meet any new challenge with confidence.

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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. S2P: Where to Start Ivalua provides a comprehensive set of integrated solutions that span the entire Source-to-Pay lifecycle.

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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations.

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Holman Enterprises Transforms Large-scale Operations with Predictive Procurement

Arkestro

It turned to Arkestro Predictive Procurement software. Industry: Automotive Manufacturing Headquarters: New Jersey, USA Website: holman.com % savings in one day % supplier reduction “One of the challenges that we’ve had in categorizing our spend is taking on static, preferred supplier agreements to drive pricing down.

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How to succeed with eAuctions: An essential guide

Procurement Software

This ensures they get the best deal possible with their suppliers. These negotiations take place in real time, with all prospective suppliers at once. This involves suppliers competing in sequential bidding. It also improves your agility across everyday procurement processes.

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The Complete Guide to Procurement Technology

World of Procurement blog

Understanding Procurement Technology Procurement technology refers to the software and systems that automate and streamline procurement processes for businesses, covering everything from sourcing materials and services to managing contracts and analyzing spending. Software like Concord and Agiloft comes to mind.

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3 Key Steps to Increase Operational Efficiency in Procurement

Procurement Software

Supplier innovation. 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.