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. In summary, procurement is a strategic function focused on maximizing value, reducing costs, and building competitive advantage.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Arkestro

MAY 23, 2023

For example, today’s procurement managers are tasked with juggling increasingly complex tasks, such as battling supply chain problems, accounting for rising costs, and assessing risk. Coupled with rising inflation and material costs, delays in global supply chains are creating a challenge to keep up with demand.

Procurement 52

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

Zycus Cognitive Procurement

JULY 25, 2022

Over the past two years, we’ve seen how supply chains are constantly changing and facing uncertainties. CPOs and procurement leaders everywhere are trying to identify ways to be agile to handle future uncertainties. . With automation, organizations can improve efficiency and compliance while reducing costs.

supply chain budgeting 52

supply chain budgeting Procurement Agile and Lean Supply Chain Management 52

Arkestro

JUNE 20, 2023

You may face challenges such as choosing reliable suppliers, controlling costs, and managing orders. Research-backed procurement strategies can help CFOs achieve their goals while minimizing risk exposure across global supply chains. This is where cross-department collaboration comes into play.

Procurement strategies 52

Procurement strategies Supply Chain Efficiency Strategy supply chain budgeting 52

IBM Supply Chain Blog

JUNE 29, 2023

Integrated planning incorporates supply chain planning, demand planning, and demand forecasts so the company can quickly assess the impact on inventory levels, supply chain logistics, production plans, and customer service capacity.

supply chain software solutions 81

supply chain software solutions Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization 81

Arkestro

MARCH 1, 2024

From a global pandemic completely disrupting supply chains to the emergence of artificial intelligence (AI) as a game-changing technology to automate sourcing, the industry is on a fast track to depart from the status quo of procurement in decades past.

Procurement 52

Procurement Contract Sourcing Negotiation 52

Planergy

SEPTEMBER 12, 2023

Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. Horizontal integration refers to a company expanding its operations by acquiring or merging with other companies operating at the same supply chain level.

Supply Chain Efficiency 52

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

Planergy

JULY 21, 2023

Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. You set the budget and deliverables, then work with various freelancers with a test assignment. How to gain visibility and control of your indirect spend.

Management 52

Management Procurement supply chain budgeting Budget 52

Planergy

SEPTEMBER 8, 2022

Book a Live Demo. If suppliers feel like you’re constantly criticizing them or looking for ways to reduce costs, they may be less likely to want to do business with you in the future. Flexibility / Agility. Are the supplier’s costs reasonable and in line with your budget? Cristian Maradiaga.

Suppliers 52

Suppliers Management Supplier relationship management supply chain budgeting 52

Planergy

DECEMBER 29, 2022

Book a Live Demo. That means working with agile partners, which most standard procurement strategies don’t account for. By finding the right partnerships and putting together a comprehensive plan, businesses can ensure they’re getting the most out of their marketing budget. Book a Live Demo. Cristian Maradiaga.

Procurement 52

Procurement Raw materials supply chain budgeting supply chain software solutions 52

Planergy

AUGUST 25, 2022

Book a Live Demo. Digital transformation in procurement Digital transformation impacts all areas of procurement, including the following: Suppliers and the supply chain Employees Reporting Customers Costs Revenue Like other areas, digital transformation can eliminate repetitive tasks, improve business agility, and reduce costs.

Data 52

Data supply chain budgeting Purchasing supply chain software solutions 52

IBM Supply Chain Blog

JUNE 2, 2023

This, along with the overall maturity of CSEs, uninterrupted service requirements, state budget, timing, staffing, and other factors mandate a comprehensive modernization approach to pull in these investments. Business functional equivalence is essential for automation and project speed.

Data 86

Data Collaboration Management Sourcing 86

ivalua

OCTOBER 1, 2020

With line level multi-tax treatment and budget allocation templates that reduce effort AP automation rates can reach way above 70%. Without this, organizations cannot be agile and without analytical data, continuous change is impossible. To learn more about Invoice to Pay from Ivalua ask for a no obligation demo today.

Real-time Visibility 130

Real-time Visibility Supply Chain Efficiency Networking Suppliers 130

ivalua

SEPTEMBER 24, 2020

Invoice-to-Pay is therefore an integral part of the whole procurement process, and typically includes the following tasks: Rather than the traditional silo’s of Invoice processing, budget allocation and payments, ensuring AP is not an isolated process but part of the whole procurement journey is important. Invoice-to-Pay from Ivalua.

e2e 100

e2e supply chain budgeting Supply Chain Efficiency Suppliers 100

IBM Supply Chain Blog

JUNE 29, 2023

To maintain their competitiveness and overcome today’s challenges, manufacturers have had to make agility and adaptability top priorities. Digitalization has had a profound impact on the manufacturing sector, enabling businesses to optimize processes, improve quality and reduce costs. Digitalization and Industry 4.0

Supply Chain Optimization 58

Supply Chain Optimization Agile and Lean Supply Chain Sustainability Supply Chain Efficiency 58