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Unfortunately, outdated tools and fragmented processes make it difficult to maintain visibility across the supplychain and adapt at the pace of business. Key Takeaways Legacy procurement processes limit scale, speed, and visibility, making it harder to manage risk, compliance, and costs.
This guide breaks down the key procurement technologies in use today and the trends reshaping the future, such as AI-driven sourcing, predictive risk management, and deeper integration across the supplychain. Your procurement technology platform should help unify data and processes across tiers to avoid disruptions.
Direct and indirect procurement are two fundamental approaches in supplychain management, each serving distinct functions within an organization. Key Takeaways Unified sourcing platforms help connect planning, sourcing, and spend visibility for both procurement types, driving efficiency and competitive advantage.
393% ROI from process automation, better visibility, and replacing old systems. Reductions in procurement overhead, coupled with increased spend visibility, innovation opportunities, and streamlined supplier engagement. Improved agility to support organizational growth and changes. Download our Invoice Datasheet here.
Download our Source-to-Pay Implementation Guide S2P Digitization: Adoption Trends and Investment Priorities More than half of the survey respondents indicate plans to invest in procurement technology in 2025, with 53% even reporting a budget increase for this year. This is a significant uptake compared to last year’s 30%.
Subscribe to SupplyChain Game Changer. A “Don’t Touch” Strategy will Dramatically Lean out your SupplyChain! Everyone involved in these SupplyChains is abiding by the social distancing and protective mandates we all are adhering to. Subscribe Here! Email Address.
When Covid-19 hit, supplychains across the globe nearly came to a halt. According to Accenture, 94% of Fortune 1000 companies saw supplychain disruptions and 75% had negative or strongly negative impacts on their businesses due to the pandemic. You can download Gartner’s full report here.
S2P is the end-to-end process that encompasses all the activities between an organization and its suppliers. By gaining visibility into spending patterns, demand, supplier performance, and supply markets–opportunities will be uncovered. Let’s get started below!
This allows for the identification and implementation of measures to mitigate any delays or obstacles in the supplychain by organizations. These tools allow for automated, integration to suppliers and visibility in procurement data at any time.
There’s an interesting report from Boston Consulting Group (BCG), Three Paths to Advantage with Digital SupplyChain , that illustrates the urgent need for companies today to transition to a digital supplychain, if they haven’t done so already. ” What is the Digital SupplyChain?
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. To learn more about the value of Invoice-to-Pay, download our white paper. What is Invoice-to-Pay?
The client needed support to build cohesive plans to drive delivery of their flagship E2Esupplychain programme which was initiated in order to ensure that the global supplychain is fit for the future and in alignment with the overall client’s strategy.
Build better processes with the Definitive Guide to Workflow Management Download now. Procurement teams are now responsible for driving value, achieving sustainable results, and helping businesses maintain their competitive edge despite market shifts and supplychain disruptions. What is procurement transformation?
Subscribe to SupplyChain Game Changer. A third option, as more and more businesses are realizing, is a combination of the two — highly innovative end-to-end solutions that are developed by people who understand both technology and logistics. Download the full eBook, Delivery in the Age of Amazon. Subscribe Here!
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. How to gain visibility and control of your indirect spend. How to report and analyze indirect spend to identify savings opportunities. What is Horizontal Integration?
Paid claims to benefit both large and small businesses, offering agility to the former and better access to opportunities for the latter. Canopy Canopy is a vendor master data and supplier management platform that aims to provide complete visibility of your suppliers’ information. The software covers a broad range of uses.
Following recent events like the pandemic, the shift to non-office work models, and supplychain pressures, the demand for business process transformation has accelerated. Many leaders today realize that a radical change is needed to keep up with changing business environments and requirements. Learn more about change management.
FRDM FRDM is a software company specialising in supplychain risk management. Their software is designed for multinational corporations managing complex supplychains. It helps large enterprises like Virgin, Coca-Cola, Boeing, and IBM map, monitor, and mitigate ESG risks across their global supplychains.
Build better procurement processes with the Definitive Guide to Workflow Management Download now. Other motives for automating procurement include solving for high error rates, reducing manual work, and adding visibility to the different workflows and processes that fall under the procurement process umbrella. Containing costs.
This is especially true for leaders and teams wanting to become much more agile and resilient in light of the challenges created following recent supplychain disruptions. Build a more efficient procurement with the Definitive Guide to P2P Optimization Download free guide What is cloud procurement?
Build better procure-to-pay processes with the Definitive Guide to P2P Optimization Download now Procurement automation opportunities Purchase requisitions An employee sees a need, creates a purchase requisition to obtain those goods or services, and circulates that requisition through multiple levels of personnel for approval.
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