World of Procurement blog

MAY 8, 2024

Procurement differs from purchasing in a few key ways: Strategic focus : Procurement has a strategic, long-term focus on analyzing spend, reducing costs, managing supplier relationships, and mitigating risk. Mitigates risk by selecting reliable suppliers, managing supplier relationships, and ensuring continuity of supply.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

World of Procurement blog

MAY 23, 2024

The goal of supplier consolidation is to streamline procurement processes, reduce costs by leveraging economies of scale, strengthen relationships with top-performing suppliers, and drive performance improvements through better coordination. To leverage procurement data and insights by consolidating spend across fewer suppliers.

Supplier consolidation 52

Supplier consolidation Suppliers Supply Chain Efficiency supply chain budgeting 52

Supply Chain Game Changer

NOVEMBER 10, 2018

Supply chain collaboration is a hot topic today and no wonder: companies that collaborate effectively across the supply chain have enjoyed dramatic reductions in inventories and costs, together with improvements in speed, service levels, and customer satisfaction. Subscribe Here! Email Address.

Collaboration 66

Collaboration Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 66

Supply Chain Game Changer

DECEMBER 9, 2020

Subscribe to Supply Chain Game Changer. What is Product (or Master) Data Management? For the company buried in product data trying to navigate the waters of ecommerce, PIM software comes in like a gust that fills the sails. There is a way to aggregate, organize and clean-up data without all the manual toil.

Inventory 98

Inventory supply chain software solutions Management Supply Chain Optimization 98

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.

Supply Chain Efficiency 60

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting supply chain software solutions 60

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

These insights enable data-driven decision-making, negotiation strategies, and risk mitigation, leading to more informed procurement choices. This results in better negotiation outcomes, improved quality, reduced costs, and enhanced overall value delivery.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

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. Traditional procurement methods typically involved manual data entry, error-prone spreadsheets, and physical filing systems for record-keeping.

Supply Chain Efficiency 52

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

Procurement Software

MARCH 11, 2022

Typically, the value that a procurement professional contributes to a business can usually be measured either in: Hard cost savings, or; Other, less tangible but equally important forms of value: Cost avoidance. Sustainability initiatives within the supply chain. Reductions in energy or material consumption.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

ivalua

AUGUST 5, 2020

At each step of this Procurement process, data is gathered, suppliers are onboarded, and deliveries are accepted. If this is done in a coordinated way, Invoice to Pay is more powerful than the traditional silo’s of Invoice software management, budget allocation and payments. AP managers need to embrace digital data and think digitally.

supply chain software solutions 130

supply chain software solutions Real-time Visibility Suppliers Networking 130

Procurement Software

MARCH 11, 2022

Typically, the value that a procurement professional contributes to a business can usually be measured either in: Hard cost savings, or; Other, less tangible but equally important forms of value: Cost avoidance. Sustainability initiatives within the supply chain. Reductions in energy or material consumption.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

Empowering CPO

JUNE 14, 2023

They can also create adversarial relationships between buyers and suppliers, as they often involve tough negotiations and a focus on short-term gains rather than long-term collaboration. They don’t fully leverage the power of technology, data, and analytics, nor do they prioritize sustainability and social responsibility.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Pipefy

MAY 23, 2023

E-procurement tools benefit all stakeholders; the relevant departments for each purchase requisition see the same data on the same platform, establishing accountability at every phase. By plugging your approval hierarchy data into a customizable workflow, however, your form can circulate while you move to your next task.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

Jaggaer

OCTOBER 8, 2019

We dealt with one of them in the previous article in this series: the need to integrate data across the full spectrum from source-to-pay. The way to do this is to move all of the data onto a unified platform. They should also extend this digitalization to supply chain management (supplier portal, webEDI, etc.)

Procurement 40

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

SCMDOJO

MARCH 19, 2024

Discover Ways to Boost Supply Chain Visibility through Digital Marketing Supply chain visibility is essential for providing a superior customer experience and sustaining customer loyalty over time. Customers face significant frustrations that erode brand trust and sales without supply chain visibility.

Supply Chain Visibility 77

Supply Chain Visibility Real-time Visibility e2e supply chain software solutions 77

Pipefy

JANUARY 30, 2024

In the 2024 State of Procurement Data Report by Amazon Business, 95% of decision-makers surveyed acknowledge that there’s room for procurement optimization. Teams will need to rely on greater investments in the right tools and technology to make these optimizations, from no-code automation to AI and data analytics.

Agile and Lean Supply Chain 52

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

Procurement Software

MARCH 5, 2024

The 25 Hottest American Procurement Tech Startups Before we give you the list, we should briefly touch on what we’ve defined as a “Startup” Less than 50 employees, according to data on LinkedIn. Key Data: Founder / CEO: Anders Lillevik Date Founded: 2020 Visit Focal Point profile in our Software Finder 2.

Real-time Visibility 52

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

ivalua

MARCH 9, 2023

Either through data analysis or demand from the business–there is a need to execute a sourcing event. All parts of the S2P process are connected to the supplier in some way and it is essential that there is a 360 degree view and access to supplier data. Sourcing: Where Procurement often creates value first.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

Pipefy

MAY 9, 2023

Supplier KPIs Suppliers, by definition, comprise a crucial link in your supply chain. Tracking the latest supplier data is an easy way to maintain good relationships with great suppliers (discounts, anyone?) Buyers that don’t use enough suppliers make themselves vulnerable to dependency on one for certain goods or services.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

ivalua

OCTOBER 1, 2020

Ideally, once your supplier master data has been aggregate and cleaned there will be three business as usual process enhancements: Supplier Invoice or Payment Inquiry : the first time a supplier’s credit control team contacts your AP team, they should simply email a link to the Supplier Portal in Ivalua.

Real-time Visibility 130

Real-time Visibility Supply Chain Efficiency Networking Suppliers 130

Procurement Software

JULY 4, 2023

It aims to make the procurement process more efficient, transparent, and cost-effective. It can help organisations reduce costs, optimise supplier relationships and increase compliance. It also provides real-time data and analytics that can be used to improve purchasing decisions. Will robots replace me?”

Supply Chain Efficiency 52

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

Planergy

JULY 21, 2023

You set the budget and deliverables, then work with various freelancers with a test assignment. Goods have fixed prices, whereas services usually involve negotiation between buyers and sellers to reach a pricing agreement. Inadequate Budgeting Without a budget, a business may not be able to negotiate favorable terms with providers.

Management 52

Management Procurement supply chain budgeting Budget 52

Procurement Software

MAY 23, 2023

Very few CEOs come from Procurement or Supply Chain. Supply Chain should become one of the top agenda items on board level meetings. Identify projects which help both improve supplier financial performance and deliver cost savings. Data analysts already exist in most organisations.

Procurement 52

Procurement supply chain budgeting Agile and Lean Supply Chain Suppliers 52

ivalua

SEPTEMBER 24, 2020

Therefore, by using the supplier’s desire for payment, and good quality data, top performing organizations can achieve high levels of straight-through-processing and automation. . This is because at each step; data is gathered, suppliers are onboarded, and deliveries are accepted. How does Invoice to Pay Work?

e2e 100

e2e supply chain budgeting Supply Chain Efficiency Suppliers 100

Pipefy

DECEMBER 10, 2022

No matter the size of your company, how you structure your purchase process has a direct impact on your company’s ability to control costs, manage risks, and maintain process resilience as supply chains evolve. Purchasing teams are able to maintain a close watch on budgets, requesters, and requests. Purchasing agility.

Purchasing 52

Purchasing Supply Chain Efficiency Agile and Lean Supply Chain 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

Improvements to end-to-end supply chain efficiency. Supplier qualification / onboarding module which contains a vendor master data management portal Integration with external, third party data for variables such as commodity pricing, ESG scores, credit checks, financial health and so on. PUT THIS INTO AN INFOGRAPHIC.

Sourcing 64

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

Procurement Software

DECEMBER 5, 2022

Improvements to end-to-end supply chain efficiency. Supplier qualification / onboarding module which contains a vendor master data management portal. Integration with external, third party data for variables such as commodity pricing, ESG scores, credit checks, financial health and so on. Master data management.

Sourcing 52

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