Spend Matters

DECEMBER 15, 2023

2024 will be the year of change management, where enhanced training and upskilling programs will ensure that seasoned procurement experts stay agile in this digitally driven age. Concurrently, these initiatives will also appeal to the rising cohort of tech-savvy procurement professionals — merging traditional skillsets with modern innovation.

Procurement solutions 89

Procurement solutions Procurement Agile and Lean Supply Chain Contract 89

Procurement Heads

MARCH 27, 2023

Procurement at Futures involves negotiating and renegotiating contracts for all goods, works and services. We’re responsible for the supplier management and then supporting the business in contract management as well. We’re a point of escalation, for dealing with issues and supporting through the exit of contracts.

Sustainability 246

Sustainability Agile and Lean Supply Chain Influencing Procurement 246

Procurement Tactics

JUNE 28, 2023

Livestock Commodities Livestock and meat commodities include lean hogs , pork, live cattle , and feeder cattle. It follows the principles of supply and demand as it is the driving force of commodity markets. The obligation to deliver the underlying commodity is assumed by the seller, at the contract’s expiry date.

Raw materials 178

Raw materials Supply Chain Efficiency Price Market analysis 178

Procurement Heads

MARCH 27, 2023

Procurement at Futures involves negotiating and renegotiating contracts for all goods, works and services. We’re responsible for the supplier management and then supporting the business in contract management as well. We’re a point of escalation, for dealing with issues and supporting through the exit of contracts.

Sustainability 130

Sustainability Agile and Lean Supply Chain Influencing Procurement 130

Procurement Software

MAY 9, 2022

Parallel to this, they offer the ability to streamline supplier governance and due diligence activities to cover increasing demands on compliance and supply chain visibility. Studied cases at Kodiak Hub show between 1–3 % loss of brand exposure resulting from a non-compliant supply chain. Increased Negotiation Power.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Procurement Software

MAY 9, 2022

Parallel to this, they offer the ability to streamline supplier governance and due diligence activities to cover increasing demands on compliance and supply chain visibility. Studied cases at Kodiak Hub show between 1–3 % loss of brand exposure resulting from a non-compliant supply chain. Increased Negotiation Power.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Zycus Cognitive Procurement

SEPTEMBER 13, 2022

Recent technological developments, political relations, strict compliance mandates, and uncertain times have resulted in what Bernard talks about changing roles of buyers and suppliers in this VUCA world. Changing Roles of Buyers. This was the first significant change in the buyers’ role.

Procurement 52

Procurement Buyers Leadership Agile and Lean Supply Chain 52

Supply Chain Game Changer

AUGUST 5, 2021

Subscribe to Supply Chain Game Changer. Procurement is one of the sole functions in an organization that can truly implement and realizes quality and sustainability initiatives in the line; considering procurement’s ability to impact the global supply chain network at the supplier level. Subscribe Here! Email Address.

Suppliers 98

Suppliers Management Supply Chain Efficiency Agile and Lean Supply Chain 98

Procurement Software

APRIL 18, 2023

With tangible benefits for buyers, eAuctions could help your organisation survive the economic downturn. eAuctions are a negotiation method that allow buyers to leverage market-driven pricing opportunities. This saves buyers not only money, but hours of conversation time. This delivers the buyer lower unit prices.

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

Automation increases efficiency and reduces errors, leading to faster and more accurate procurement cycles. These insights enable data-driven decision-making, negotiation strategies, and risk mitigation, leading to more informed procurement choices.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Spend Matters

AUGUST 3, 2022

managing contracts or ESG performance), spend categories and supporting intelligence. This ecosystem strategy for managing “best-in-class architectures” is unfortunately still nascent, but recent activity has thankfully signaled the start of a greater shift by the large technology vendors themselves (and not just progressive buyers).

Sourcing 83

Sourcing Spend management Procurement supply chain software solutions 83

Jaggaer

FEBRUARY 18, 2020

The recent disruptions to supply chains caused by the coronavirus epidemic in China have given supply managers the world over pause for thought. Now more than ever, businesses must improve the efficiency of their supply chains not only to maintain a competitive advantage but also to reduce risk.

Suppliers 103

Suppliers Agile and Lean Supply Chain Supply Chain Efficiency Supplier relationship management 103

IBM Supply Chain Blog

APRIL 25, 2024

BPR examples: Use cases Streamlining supply chain management Using BPR for supply chain optimization involves a meticulous reassessment and redesign of every step, including logistics, inventory management and procurement. This can enable significant cost savings and improve profitability.

Supply Chain Efficiency 54

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting supply chain software solutions 54

Jaggaer

OCTOBER 22, 2020

“Spend management and procurement will play a key role in enabling banks to achieve their efficiency targets while managing supply chain risks,” he added. In our poll, webinar participants saw business partnering, supplier innovation and collaboration, and supply chain risk management as their key areas of focus for procurement.

Strategy 52

Strategy Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Procurement Software

MARCH 11, 2022

Sustainability initiatives within the supply chain. Contract lifecycle management. 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. Reductions in energy or material consumption.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Positive Purchasing

DECEMBER 6, 2023

Inevitably, there are some supply chains that are riskier than others. As a discount retailer, we need to offer our customer attractive prices which we aim to achieve through business efficiency – keeping our internal structures lean, focusing on the essentials and having a strategically limited product range.

Sustainability 64

Sustainability Price Supply Chain Efficiency Agile and Lean Supply Chain 64

Procurement Software

MARCH 11, 2022

Sustainability initiatives within the supply chain. Contract lifecycle management. 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. Reductions in energy or material consumption.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

Pipefy

MAY 23, 2023

Document management Digital contract management should be included in any e-procurement tool; it’s that important. The feature allows procurement teams to monitor and control a contract’s lifecycle, access previous versions, and keep documents up-to-date for everyone involved. This process game-changer is known as stack extensibility.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

ivalua

AUGUST 5, 2020

Invoice to Pay sits at the end of a Procurement process that starts with a need, moves through selecting and contracting with a supplier and ends with delivery of goods or services. . The solution is to follow the top performers and focus on supplier adoption, smart matching and introduce the agile methodology of continuous improvement.

supply chain software solutions 130

supply chain software solutions Real-time Visibility Suppliers supply chain budgeting 130

Empowering CPO

MAY 5, 2023

In essence, procurement serves as the backbone of an organization’s supply chain, contributing to cost savings, risk management, and supplier relationship management. This approach often resulted in inefficient use of resources, limited visibility into supplier performance, and difficulty in managing complex supply chains.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Procurement Real-time Visibility 52

Supply Chain Game Changer

APRIL 15, 2020

Subscribe to Supply Chain Game Changer. The Digital Supply Chain Road is Full of Potholes, Construction and Accidents! SpendMatters Supply Chain Dive Supply Chain Digital Art of Procurement (Podcast). Procurious Procurement Leaders Chartered Institute for Procurement & Supply (CIPS).

Procurement 90

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 90

Supply Chain Game Changer

AUGUST 26, 2021

Subscribe to Supply Chain Game Changer. Supply Chain Visibility Has Never Been More Important! Supply Chain visibility article and permission to publish here provided by Adam Miglio. And the limitations in supply chain visibility seem to start right here. would demand its implementation.

Supply Chain Visibility 103

Supply Chain Visibility Real-time Visibility e2e Agile and Lean Supply Chain 103

Empowering CPO

JUNE 14, 2023

It’s a strategic function that involves understanding market trends, analyzing suppliers, negotiating contracts, and managing relationships, among other tasks. These models are often accompanied by practices such as annual rate contracts, bulk buying, and just-in-time purchasing. But, it’s far more than just buying.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Pipefy

JANUARY 30, 2024

Finally, procurement teams are responsible for anticipating and responding to disruptions in the supply chain and their own process. Contract and compliance management. It also simplifies how they communicate with buyers, accounts payable, update records, submit invoices, and track payments. Purchase orders.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Real-time Visibility Supply Chain Efficiency 52

Una

MARCH 6, 2023

Procurement process automation can involve anything from automated supplier discovery, risk monitoring, payment processing, spend analytics , and contract approval. In other companies, “Lean” may mean reducing the costs involved in procurement. How to innovate: Reduce your multi-page RFX documentation to a Lean “plan on a page”.

Innovation 98

Innovation Purchasing Agile and Lean Supply Chain Supplier relationship management 98

Procurement Software

MARCH 11, 2022

Often without any support from anyone who has negotiation, tendering or commercial contract experience. About 50% of this spend (£/$/€ 30 million) will either be: Under contract, and therefore untouchable for now. The best buyer in the world won’t be able to negotiate steel, copper or electricity below the market price.

supply chain software solutions 52

supply chain software solutions Procurement Real-time Visibility Raw materials 52

Procurement Software

MARCH 11, 2022

Often without any support from anyone who has negotiation, tendering or commercial contract experience. About 50% of this spend (£/$/€ 30 million) will either be: Under contract, and therefore untouchable for now. The best buyer in the world won’t be able to negotiate steel, copper or electricity below the market price.

supply chain software solutions 52

supply chain software solutions Procurement Real-time Visibility Raw materials 52

Procurement Heads

JANUARY 4, 2023

As a Buyer at British Airways, I bought a range of different categories from engineering spares to airport services. I joined KPMG in their supply chain practice and spend the next 16 years on consulting assignments in a smaller firm. Our organisation has adopted agile ways of working.

Supply Chain Efficiency 246

Supply Chain Efficiency Sustainability Agile and Lean Supply Chain Suppliers 246

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

ivalua

MARCH 9, 2023

It starts with identifying the right suppliers for a need, sharing requirements and evaluating supplier offers, selecting the most appropriate supplier, negotiating terms and contracting with them to receive goods and/or services. Contract Management: The piece that connects the upstream and the downstream, where value starts being captured.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

ivalua

JUNE 1, 2022

However, they could probably leverage their great buyers in a better way by having proper data delivered to them upfront and allowing them to identify the most strategic new projects. This process can also carry over into the supply chain where Amrest needs visibility and the full strategic payments process to identify key suppliers.

Real-time Visibility 130

Real-time Visibility Agile and Lean Supply Chain Supply Chain Efficiency Procurement 130

Una

OCTOBER 25, 2022

Procurement professionals are now celebrated for their innovation, creativity, agility, and cost-saving initiatives. And let’s not forget the crucial role they play in driving diversity and sustainability within the supply chain. Reducing suppliers also helps mitigate risk throughout the supply chain.

Supply Chain Efficiency 105

Supply Chain Efficiency Procurement Purchase orders Real-time Visibility 105

SCMDOJO

DECEMBER 14, 2023

Sourcing agencies excel in handling these intricacies, ensuring a smooth and efficient flow of products from supplier to buyer. Specializing in industrial engineering, lean manufacturing, and B2B sourcing, they work with businesses of all sizes, offering expertise in supply chain processes, continuous improvement, and leadership.

Sourcing 73

Sourcing Supply Chain Efficiency Supply Chain Optimization Negotiation 73

Procurement Software

MARCH 5, 2024

Raindrop has also been recognised as a cloud-enabled procurement focused Contract Lifecycle Management (CLM) application. FRDM FRDM is a software company specialising in supply chain risk management. Their software is designed for multinational corporations managing complex supply chains.

Real-time Visibility 52

Real-time Visibility supply chain software solutions Procurement Supply Chain Efficiency 52

Procurement Software

JANUARY 9, 2024

It offers buyers a more automated way to onboard and pay smaller suppliers, and suppliers the opportunity to get onboarded with customers faster and to get paid quicker. Paid claims to benefit both large and small businesses, offering agility to the former and better access to opportunities for the latter.

supply chain software solutions 52

supply chain software solutions Procurement Real-time Visibility Supply Chain Efficiency 52

Pipefy

MAY 9, 2023

Supplier KPIs Suppliers, by definition, comprise a crucial link in your supply chain. Buyers that don’t use enough suppliers make themselves vulnerable to dependency on one for certain goods or services. Most importantly, once a contract has been signed, performing regular audits.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

The Good Spending

JUNE 15, 2022

New Tasks The first-time buyer seeks a wide variety of information to explore alternative purchasing solutions to their organizational task. Modified Rebuy A buyer wants to replace or amend a product used in the organization. Straight Rebuy The buyer routinely reorders a product with no modifications.

supply chain budgeting 52

supply chain budgeting Buyers Agile and Lean Supply Chain Supply Chain Optimization 52