World of Procurement blog

MAY 8, 2024

It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. 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

APRIL 23, 2024

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.

Procurement 52

Procurement Supply Chain Efficiency Real-time Visibility Purchase orders 52

Spend Matters

DECEMBER 21, 2023

AI can help create greater efficiency and value across all source-to-pay processes, including spend analysis, opportunity identification, sourcing and contract management, category management, supply relationship management and risk management.

Procurement solutions 81

Procurement solutions Procurement e2e Real-time Visibility 81

ivalua

JANUARY 29, 2020

Competitors or new market entrants can use it to attack you these days – you don’t need a chain of retail shops on the high street, just a good idea, a great website and an outsourced logistics operation. So the need for businesses to act with speed and agility has never been greater.

Collaboration 213

Collaboration Innovation Agile and Lean Supply Chain Procurement 213

Procurement Software

MARCH 11, 2022

Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. And yet, poor operational efficiency in Procurement means that the typical Category Manager often spends at least a THIRD of their time performing “busy work” This is not an effective or efficient use of their time.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Zycus Cognitive Procurement

SEPTEMBER 15, 2022

This is to enable greater autonomy and agility. . Accordingly, the time is right for procurement to take centre stage and create benchmark KPIs to ensure sustainability in global supply chains. Risk management. As per the McKinsey report , “ In Supply Chain Risk Management, organisations often don’t know where to start.”

supply chain budgeting 52

supply chain budgeting Procurement supply chain software solutions Agile and Lean Supply Chain 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 80

Sourcing Spend management Procurement supply chain software solutions 80

Zycus Cognitive Procurement

JANUARY 24, 2023

With new legislation being introduced for 2023 in Europe, such as the Supply Chain Due Diligence Act (SCCDA), CPOs and other procurement and sourcing leaders need to devise an agile procurement strategy to ensure compliance. Still, 50-67% of the companies failed to change their risk management standards.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Una

JULY 18, 2023

Familiarity with procurement software platforms , e-procurement systems, and vendor management systems is a must. Get comfortable with navigating user-friendly interfaces and learn to leverage the power of cloud-based solutions to drive better outcomes. Develop an understanding of risk assessment methodologies and tools.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Sustainability 52

Procurement Software

MARCH 11, 2022

Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. And yet, poor operational efficiency in Procurement means that the typical Category Manager often spends at least a THIRD of their time performing “busy work” This is not an effective or efficient use of their time.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

Barkers Procurement

FEBRUARY 25, 2024

Intelligent Procurement Software Uncertain business outlooks shine a spotlight into every function. The right digital procurement technology can centralise spend data, identify trends and compliance to metrics, pinpoint opportunities, and simplify supply chain decisions as a result.

Procurement 52

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

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

To succeed in this field, procurement professionals must possess a variety of competencies, ranging from negotiation and supplier management to risk assessment and financial analysis. Improve spend management by implementing a buying plan Effective spend management is crucial for any organization’s financial health.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

Jaggaer

JUNE 9, 2020

As the COVID-19 virus begins to subside in many parts of the world, supply chains are stabilizing. Unfortunately, many organizations have thousands of contracts to examine. Procurement and legal teams need well prepared, highly organized document management systems to systematically look at force majeure clauses are written.

Procurement strategies 52

Procurement strategies Strategy Management Procurement 52

Pipefy

MAY 23, 2023

Carrying out this process manually makes it susceptible to bottlenecks — (one out-of-office manager can delay the order by days — and introduces costly errors and risks. Therefore, as your new software system is implemented, it will be linked to accounts payable to ensure all records are reliable and payments are made.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

ivalua

MARCH 16, 2020

Redwood City/Warsaw/ Hamburg – March 17th, 2020 | Ivalua, a leading global provider of procurement management solutions, and OptiBuy, Ivalua’s long-standing implementation partner, announced their selection by Körber to enable a digital procurement transformation.

Agile and Lean Supply Chain 49

Agile and Lean Supply Chain Procurement Supply Chain Efficiency Chief Procurement Officer 49

Pipefy

JANUARY 9, 2024

Smart procurement is the use of technology to improve efficiency and help build more agile procurement processes. The benefits include cost savings increase, better decision making and risk management. While these tools can lighten workloads and improve agility and decision-making, they can’t operate without the input of humans.

Supply Chain Efficiency 52

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

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. With a Ph.D.

Agile and Lean Supply Chain 59

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

Spend Matters

FEBRUARY 22, 2024

With the advent of AI, and especially generative AI within that broader term, and the continued globalization of supply chains, the pace of change has sped up, forcing businesses and workers to adjust quickly. It’s no longer good enough to focus on just one area. That alone increases efficiency,” he continued.

Supply Chain Efficiency 85

Supply Chain Efficiency Real-time Visibility Management supply chain software solutions 85

Pipefy

JANUARY 30, 2024

Finally, procurement teams are responsible for anticipating and responding to disruptions in the supply chain and their own process. From procure-to-pay software to spend management and analysis tools, procurement technologies are disrupting the status quo and bringing efficiency to teams like never before.

Agile and Lean Supply Chain 52

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

ivalua

MARCH 9, 2023

Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. ​ It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. What is Source-to-Pay?

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

Procurement Software

MARCH 5, 2024

If you want to search the whole range of procurement tech companies out there beyond just startups, then check our our free software directory. Focal Point Focal Point is a growing Atlanta-based procurement startup offering a unique solution tacking three different challenges within procurement.

Real-time Visibility 52

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

Procurement Software

NOVEMBER 14, 2023

Business spend management suites, including SAP Ariba and Coupa software, offer marketplaces with App-Store like functionality. This is a well-trodden route, with Salesforce probably the most famous example to successfully do this in the B2B software space.

supply chain software solutions 52

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

Empowering CPO

JUNE 27, 2023

This facilitates better supplier relationship management, enhances transparency, and enables effective supplier performance monitoring. Strategic Supplier Management: Digital tools enable comprehensive supplier performance monitoring and evaluation. This leads to significant cost savings and improved operational efficiency.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Data 40

Empowering CPO

MAY 6, 2023

As global supply chains become more complex and interconnected, procurement professionals play a critical role in ensuring businesses remain competitive and resilient. Predictive analytics, for instance, allows procurement professionals to forecast demand, identify potential supply chain disruptions, and optimize inventory levels.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Procurement team Supply Chain Optimization 52

Planergy

JULY 21, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Download Free Copy Services Procurement: What Is It and How To Manage It Written by Rob Biedron 15 min read Business Process Management (BPM) Process & Procedures Procurement Download PDF IN THIS ARTICLE What is Services Procurement?

Management 52

Management Procurement supply chain budgeting Budget 52

World of Procurement blog

JANUARY 19, 2022

With solutions such as Tealbook , which creates a supplier data foundation that isn’t dependent on a supplier going into a portal and updating information, we will see a shift in procurement teams opting for options such as this. With better data comes more precise insights into your Supply Chain.

Procurement 52

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

Pipefy

JUNE 15, 2023

As businesses complete their digital transformation and move away from complex (and often manual) legacy systems, modern procurement solutions are rapidly replacing traditional methods. Procurement software can help users achieve this goal by ensuring that contracts comply with the organization’s spending policies.

Procurement 52

Procurement supply chain software solutions Purchase orders Procurement solutions 52

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. Supplier management systems: Tools that help track, evaluate, and manage supplier relationships and performance.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Procurement Software

JULY 4, 2023

Procurement technology, or procuretech, refers to software which powers these digital tools which automate and streamline procurement. Software can be used to not only assist procurement teams to automate manual processes such as data entry, document processing and vendor communication. What is procurement tech?

Supply Chain Efficiency 52

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

Pipefy

JANUARY 5, 2023

Build better procurement processes with the Definitive Guide to Workflow Management Download now. Digital procurement involves the use of apps and systems to capture, consolidate, and manage all of the data and information related to procurement. It’s more difficult to manage, control, and oversee multiple versions of the same process.

Procurement 52

Procurement Procurement team supply chain software solutions e2e 52

Supply Chain Game Changer

FEBRUARY 5, 2020

Subscribe to Supply Chain Game Changer. Too often companies will underestimate the leadership and experience needed to lead and manage a successful Procurement Transformation. Systems are the critical tools necessary to have a lean and efficient Procurement Department. Subscribe Here! Email Address. Infographic).

Procurement 70

Procurement Agile and Lean Supply Chain supply chain budgeting Negotiation 70

Zycus Cognitive Procurement

JULY 29, 2021

How green procurement practices and robust supplier risk management can help organizations build superior brand equity and drive significant business outcomes. Responsible Contract Management: . Avoiding contract renewals with suppliers who do not meet the required health and safety criteria. Keeping up with risks: .

Sustainability 40

Sustainability Procurement Agile and Lean Supply Chain Risk 40

Supply Chain Game Changer

DECEMBER 13, 2018

Too often companies will underestimate the leadership and experience needed to lead and manage a successful Procurement Transformation. Systems are the critical tools necessary to have a lean and efficient Procurement Department. It often feels like ground hog day to me (the movie not the actual day in February).

Procurement 59

Procurement Agile and Lean Supply Chain Negotiation Procurement team 59

Procurement Software

AUGUST 8, 2023

nShockwaves were sent through the procurement software industry last December when the Coupa software acquisition was announced. They are arguably the market leader and self-proclaimed “inventor of the Business Spend Management (BSM) category”. Cloud-based software wasn’t as much of a thing.

supply chain software solutions 52

supply chain software solutions Agile and Lean Supply Chain supply chain budgeting Procurement team 52