Empowering CPO

JUNE 14, 2023

But before we venture into the depths of innovation in this field, let’s first establish what procurement really is. Importance of Innovative Procurement Models In the era where change is the only constant, innovation has become a necessity rather than a luxury. Introduction A. Understanding Procurement A.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

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. Sources innovation by engaging suppliers in new product/service development. needed to deliver on the KPIs.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

IBM Supply Chain Blog

APRIL 25, 2024

BPR examples are not one-time projects, but rather examples of a continuous journey of innovation and change focused on optimizing end-to-end processes and eliminating redundancies. This comprehensive overhaul involves evaluating and redesigning workflows, fostering cross-functional collaboration and innovating by using advanced technologies.

Supply Chain Efficiency 62

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting supply chain software solutions 62

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

Pipefy

JANUARY 30, 2024

Procurement technology landscape Procurement technology is primarily designed to simplify procurement processes and reduce costs, but it’s grown to offer so many more benefits than that, with the greatest one being transforming procurement into a source of reliable strategic influence.

Agile and Lean Supply Chain 52

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

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

ivalua

MARCH 9, 2023

Also included: supplier improvement plans, innovation plans and overall supplier collaboration. The contracts govern the relationship between the buyer and supplier, an essential process to inform Procure-to-Pay. A comprehensive Source-to-Pay platform is a critical component of an organization’s IT environment.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

The Future of Procurement Technology Supplier Relationship Management (SRM) Enhancement: Justification : Strengthening supplier relationships through SRM initiatives fosters collaboration, innovation, and mutual growth. 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

The Importance of Digital Transformation in the Modern Business Landscape In today’s rapidly evolving and competitive global market, businesses must continuously adapt and innovate to stay ahead of the curve. As a consequence, organizations struggled to achieve cost savings, mitigate risks, and build strong supplier relationships.

Supply Chain Efficiency 52

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

Una

JUNE 8, 2023

We need to focus on those that are critical for maintaining a reliable supply chain, optimizing costs, driving innovation, improving efficiency , and supporting strategic objectives. The focus for these items is usually on building strong relationships with suppliers and ensuring a stable supply chain.

Suppliers 52

Suppliers Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 52

Let's Talk Supply Chain

OCTOBER 2, 2023

Guest bio: Bobby has a passion for digitizing and streamlining the traditional supply chain. As the Senior Director – Marketplace, Bobby is responsible for expanding the buyer and supplier communities on the marketplace across the continental US. 29.44] The ideal clients, both customers and partners, for SecurSpace.

Demand 52

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

Procurement Software

MARCH 5, 2024

FRDM FRDM is a software company specialising in supply chain risk management. Their software is designed for multinational corporations managing complex supply chains. It helps large enterprises like Virgin, Coca-Cola, Boeing, and IBM map, monitor, and mitigate ESG risks across their global supply chains.

Real-time Visibility 52

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

Procurement Software

MAY 23, 2023

Very few CEOs come from Procurement or Supply Chain. In a world of hyper connectivity created by rampant globalisation, Apple had shown itself to be a master of procurement, working with suppliers around the world to create the highest quality and most innovative products, all for the best price.

Procurement 52

Procurement supply chain budgeting Agile and Lean Supply Chain Suppliers 52

ivalua

OCTOBER 1, 2020

Increased outsourcing has made businesses increasingly dependent on suppliers to drive innovation. A recent study by Forrester found that the single greatest factor in increasing a supplier’s willingness to collaborate with and share innovations with a customer was timeliness of and visibility into payments.

Real-time Visibility 130

Real-time Visibility Supply Chain Efficiency Networking Suppliers 130

ivalua

SEPTEMBER 24, 2020

Increased outsourcing has made businesses increasingly dependent on suppliers to drive innovation. A recent study by Forrester found that the single greatest factor in increasing a supplier’s willingness to collaborate with and share innovations with a customer was timeliness of and visibility into payments.

e2e 100

e2e supply chain budgeting Supply Chain Efficiency Suppliers 100

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. Supplier innovation. Sustainability initiatives within the supply chain. Third party risk management.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

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. Supplier innovation. Sustainability initiatives within the supply chain. Third party risk management.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 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

Supply Chain Game Changer

MARCH 6, 2019

Subscribe to Supply Chain Game Changer. Initiatives are being put in place to make these statements a reality, but are these organizations agile enough to shift strategies, process and operations — for real? Simply put, we can’t expect outdated business practices to achieve innovative results. Subscribe Here!

Procurement 50

Procurement Procurement team Supply Chain Efficiency Innovation 50

Jaggaer

OCTOBER 8, 2019

With budgets not growing at an adequate pace, or even shrinking, procurement cannot deliver the value that digital transformation promises. They should also extend this digitalization to supply chain management (supplier portal, webEDI, etc.) This is precisely the approach that JAGGAER has adopted with the launch of JAGGAER ONE.

Procurement 40

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