Procurement Tactics

JUNE 28, 2023

It typically looks for details such as supplier information, item descriptions, quantities, prices, or arrival dates. Supplier Performance The quality, timeliness, and adherence to contractual commitments of suppliers shall be monitored. This approach promotes efficiency throughout the whole procurement process.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation. These insights enable data-driven decision-making, negotiation strategies, and risk mitigation, leading to more informed procurement choices.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Empowering CPO

MAY 5, 2023

It is responsible for managing the entire process of acquiring goods and services, from identifying suppliers to ensuring timely deliveries. In essence, procurement serves as the backbone of an organization’s supply chain, contributing to cost savings, risk management, and supplier relationship management.

Supply Chain Efficiency 52

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

Pipefy

DECEMBER 20, 2023

Strategic procurement, or procurement strategic planning, is a data-driven process that helps businesses align procurement and business goals. The result is greater supply chain predictability, more accurate decision-making, and better business agility. What is strategic procurement?

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Strategic planning 52

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. Tracking supplier performance: For improvement, measurement and analysis is important.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Empowering CPO

JULY 16, 2023

Managed procurement services leverage expert knowledge and cutting-edge technology to not only simplify the procurement process but also to identify cost-saving opportunities, ensure supplier compliance, and manage risks.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Jaggaer

OCTOBER 22, 2020

“Spend management and procurement will play a key role in enabling banks to achieve their efficiency targets while managing supply chain risks,” he added. Purchase orders were issued through the ERP system, but with no link to the approvals workflow and procurement decisions.

Strategy 52

Strategy Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Zycus Cognitive Procurement

SEPTEMBER 16, 2022

Katlyn I gnacio , Head of Procurement, Outsourcing and Facilities, CIMB Bank Philippines. The theme of the discussion was how supplier risk management is one of the most sought solutions out there. The current major areas of focus for procurement were highlighted as: Digital Transformation.

Procurement 52

Procurement Agile and Lean Supply Chain Sustainability Supply Chain Efficiency 52

Empowering CPO

JULY 16, 2023

Managed procurement services leverage expert knowledge and cutting-edge technology to not only simplify the procurement process but also to identify cost-saving opportunities, ensure supplier compliance, and manage risks.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

Empowering CPO

JULY 3, 2023

MPS involve the outsourcing of procurement functions to a specialized third-party provider, offering a strategic approach to managing and optimizing organizational spend. These services often encompass a wide range of tasks, from supplier management and contract negotiation to spend analysis and process improvement.

Innovation 52

Innovation Strategy Procurement Management 52

Spend Matters

JUNE 19, 2023

AP Automation/Invoice-to-Pay (AP/I2P) platforms are integrated solutions that automate and streamline the process of invoice capturing, matching, validation and approval and payments processing — sometimes known as buy-side electronic invoice presentment and payment (EIPP) processing. visibility, self-service, document exchange, etc.)

Buyers 69

Buyers Collaboration Suppliers Agile and Lean Supply Chain 69

Spend Matters

DECEMBER 19, 2023

With another busy year of procurement and supply chain events tidily packed away behind us, Spend Matters is pleased to provide a round-up of the main events we attended in 2023, with a short recap of each and key takeaways. million unique suppliers. Read his recommendations in eWorld: first dispatch.

Procurement 79

Procurement Supply Agile and Lean Supply Chain Supply Chain Optimization 79

Supply Chain Game Changer

APRIL 15, 2020

Subscribe to Supply Chain Game Changer. The Digital Supply Chain Road is Full of Potholes, Construction and Accidents! Digital Procurement article, and permission to publish here, provided by Sam Jenks at kodiakrating.com. Subscribe Here! Email Address. Don’t Panic! Source: Deloitte CPO Survey 2019. Publications.

Procurement 90

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 90

Una

JULY 13, 2023

The conversations, guided by our host, Kelly Barner with Art of Procurement, are always full of industry insight and knowledge and touch on various topics impacting procurement. Mark Trowbridge, Principal, Strategic Procurement Solutions, LLC Listen to the full episode here. What Makes a Supplier Strategic?

Sourcing 52

Sourcing Agile and Lean Supply Chain Supply Chain Efficiency Procurement 52

Empowering CPO

JULY 2, 2023

Traditionally, procurement was seen as a tactical, back-office process, primarily focused on buying goods and services at the lowest possible cost. However, with time, the function evolved, incorporating strategic elements such as supplier relationship management, risk management, and sustainable sourcing.

Management 52

Management Procurement Strategic sourcing Strategic sourcing 52

ivalua

MARCH 16, 2020

As an international technology group with about 10,000 employees, Körber offers products, solutions and services that inspire. The close cooperation between supply chain management and internal stakeholders as well as external partners made a major contribution to this.

Agile and Lean Supply Chain 49

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

Supply Chain Game Changer

NOVEMBER 7, 2019

Subscribe to Supply Chain Game Changer. What is the Digital Supply Chain? This is likely because business cases are underdeveloped for implementing a digital procurement strategy, and that CPOs generally doubt their team’s ability to maximize the use of digital solutions. Subscribe Here! Email Address.

Agile and Lean Supply Chain 55

Agile and Lean Supply Chain Procurement Innovation Sourcing 55

Empowering CPO

JUNE 30, 2023

Introduction In an era where businesses are increasingly seeking efficiency, cost-effectiveness, and agility, the role of procurement has become more critical than ever before. This is where the concept of managed procurement services comes into play. The role of procurement services in businesses is multifaceted.

Management 40

Management Procurement Supply Chain Efficiency Supplier relationship management 40

Supply Chain Game Changer

MARCH 6, 2019

Subscribe to Supply Chain Game Changer. 7 KPIs Your Procurement Team May Be Ignoring! Organizations are ‘going carbon neutral by 2025’, and ‘implementing Artificially Intelligent business systems’ and ‘sourcing form solely environmentally friendly suppliers’. Subscribe Here! Email Address. Total Value Ownership (TVO).

Procurement 50

Procurement Procurement team Supply Chain Efficiency Innovation 50

Procurement Software

MARCH 11, 2022

Procurement tools will plug those leaky holes in your spend with external suppliers. How can investing in digital procurement lead to a better P&L? And therein lies the problem of getting procurement to have a bigger influence on companies’ bottom line. Why now is the time to invest in digital procurement software.

supply chain software solutions 52

supply chain software solutions Procurement Real-time Visibility Raw materials 52

Procurement Software

MARCH 11, 2022

Procurement tools will plug those leaky holes in your spend with external suppliers. How can investing in digital procurement lead to a better P&L? And therein lies the problem of getting procurement to have a bigger influence on companies’ bottom line. Why now is the time to invest in digital procurement software.

supply chain software solutions 52

supply chain software solutions Procurement Real-time Visibility Raw materials 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. On-premise options have high upfront and maintenance costs compared to cloud solutions that use pay-as-you-go subscriptions without any investment.

Procurement 52

Procurement supply chain software solutions Purchase orders Procurement solutions 52

Barkers Procurement

MARCH 6, 2024

Challenge Solution Results Social Value Challenge The challenge was to take the maturity assessment and develop a target operating model which embraced and mapped into the regional operating model, whilst still reducing cost and risk throughout the supply chain. Pace and agility built into all processes and ways of working.

Procurement 52

Procurement supply chain budgeting Agile and Lean Supply Chain Supply Chain Efficiency 52

Procurement Software

JANUARY 9, 2024

This facilitates a complete transformation of how businesses transact with long tail suppliers in the procure-to-pay (P2P) cycle. It offers buyers a more automated way to onboard and pay smaller suppliers, and suppliers the opportunity to get onboarded with customers faster and to get paid quicker.

supply chain software solutions 52

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

Procurement Software

MARCH 5, 2024

Their solution is made up of five modules: Payables Supplier management Analytics (spend, contract, and supplier intelligence) e-Sourcing Contract management Key Data: Founder / CEO: Vijay Caveripakkam Date Founded: 2019 Visit Raindrop profile in our Software Finder 4.

Real-time Visibility 52

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

Pipefy

JULY 31, 2023

One way companies can become more agile and remain competitive despite economic uncertainties is end-to-end business process automation. These solutions can easily store and organize data for back-office processes like accounting, invoicing, and cash flow management. Procure-to-pay process This also applies to procure-to-pay processes.

supply chain software solutions 52

supply chain software solutions e2e Agile and Lean Supply Chain Real-time Visibility 52

Procurement Software

MARCH 11, 2022

They are, of course, a very well-known name to anyone in the procurement space. Founded by Jason Busch in 2004, they were the first of the major procurement and supply chain blogs. Their focus on procurement software solutions began in earnest in 2014, when they first published the 50 To Know and 50 To Watch lists.

supply chain software solutions 52

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

Procurement Software

MARCH 11, 2022

They are, of course, a very well-known name to anyone in the procurement space. Founded by Jason Busch in 2004, they were the first of the major procurement and supply chain blogs. Their focus on procurement software solutions began in earnest in 2014, when they first published the 50 To Know and 50 To Watch lists.

supply chain software solutions 52

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

Arkestro

MARCH 28, 2023

You’ve probably heard of “ long-tail ,” which is spend that is filled with one-off transactions, fragmented across a complex supplier base. It constantly analyzes large amounts of historic datasets to identify the best purchases from the highest quality suppliers. Not just any procurement solution can claim to use PPO.

Procurement 52

Procurement Real-time Visibility Procurement team Purchasing 52

Arkestro

MARCH 28, 2023

You’ve probably heard of “ long-tail ,” which is spend that is filled with one-off transactions, fragmented across a complex supplier base. It constantly analyzes large amounts of historic datasets to identify the best purchases from the highest quality suppliers. Not just any procurement solution can claim to use PPO.

Procurement 52

Procurement Real-time Visibility Procurement team Purchasing 52

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. Sustainable procurement is the need of the hour. Avoiding contract renewals with suppliers who do not meet the required health and safety criteria.

Sustainability 40

Sustainability Procurement Agile and Lean Supply Chain Risk 40

Zycus Cognitive Procurement

NOVEMBER 16, 2021

Organizations are looking to CPOs to take on broader and deeper strategic initiatives to create a future proof supply chain. However, the question arises, does this pose a threat to the future of procurement jobs? The benefits of embracing digital procurement for a firm are manifold.

Procurement 40

Procurement Eprocurement Agile and Lean Supply Chain Supply Chain Efficiency 40

Jaggaer

JULY 18, 2019

Sophisticated SaaS procurement solutions like the JAGGAER ONE Spend Management Platform allow you to consolidate all your procurement processes, data, and analytics on a single, unified platform. This is where you truly see operational effectiveness (more value delivered), agility, and systemic change.

Procurement 40

Procurement Agile and Lean Supply Chain supply chain budgeting Innovation 40

Spend Matters

FEBRUARY 8, 2024

Spend Matters notes it as a key emerging market that is “meant to break silos and create bridges between applications, thereby making [procurement] complexity less visible or even disappear.” In a world of suites and best-of-breed (BoB) solutions, orchestration has the potential to disrupt the procurement market. The result?

Procurement 80

Procurement Agile and Lean Supply Chain Buying process Supply Chain Efficiency 80