Pipefy

JANUARY 9, 2023

Supply chain risks heightened by geopolitical conflict. These are just some of the many challenges procurement teams have had to face since the pandemic and throughout 2022. 5 procurement trends for 2023. This presents a very real economic cost for companies already faced with a lack of procurement resources.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Procurement Procurement team Supply Chain Efficiency 59

Arkestro

JANUARY 4, 2023

In 2022, procurement faced challenges on multiple fronts. Among them were supply chain disruptions , inflation, and supply scarcity and shortages. Eager to reduce administrative busywork, procurement teams are treating the permacrisis as an opportunity to make long-sought changes along a digital journey.

Supply Chain Optimization 104

Supply Chain Optimization Procurement team Agile and Lean Supply Chain Supply Chain Efficiency 104

IBM Supply Chain Blog

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. In addition, a well-crafted procurement framework fosters innovation and sustainability. Be flexible.

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Procurement strategies Strategy Procurement Supply Chain Efficiency 73

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. Procurement teams equipped with risk management tools can ensure business continuity and minimize potential negative impacts.

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Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 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

Procurement Tactics

JUNE 28, 2023

In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. These elements are the main focus of monitoring the procurement process of your company and are the factors that determine whether the procurement is efficient and feasible.

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Pipefy

JANUARY 11, 2023

The need for efficient and error-proof procurement processes has never been greater. Following recent unprecedented events and disruptions, one thing has become clear: procurement optimization is no longer just about cost-effectiveness or efficiency. . What is procurement transformation?

Strategy 52

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

Arkestro

DECEMBER 12, 2023

It’s a time that can be both exciting and stressful for retailers, especially when many procurement teams face supply shortages, staffing shortages, and other day-to-day challenges. Then, we’ll share some tips on how retailers can streamline and optimize procurement to ensure a successful holiday shopping season.

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

Empowering CPO

FEBRUARY 11, 2024

Introduction In the ever-evolving landscape of procurement, organizations are turning to strategic sourcing services to navigate the complexities and achieve sustainable success. At EmpoweringCPO, we understand the pivotal role it plays in optimizing the supply chain, reducing costs, and fostering long-term competitiveness.

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Arkestro

MAY 9, 2023

Simply put, organizations still aren’t harnessing the power of technology to its full effect — and they’re missing out on countless opportunities to optimize spending, decision-making, sourcing, and results. As an increasing number of companies prioritize cost containment, the pressure is on for procurement.

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supply chain budgeting Procurement Supply Chain Optimization Procurement team 52

Una

OCTOBER 17, 2023

In this article, we explore where we are now in terms of procurement chatbots and predict some exciting possibilities for the future. They can guide end-users through catalog searches, item selection, and purchase requisition submissions, improving the overall experience for employees.

Procurement 52

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

Arkestro

JUNE 20, 2023

Research-backed procurement strategies can help CFOs achieve their goals while minimizing risk exposure across global supply chains. This blog will cover the current challenges facing CFOs and procurement teams and several strategies that can be implemented to drive cost savings and increase efficiency.

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Arkestro

DECEMBER 5, 2022

Technology innovations have been massive, changing how food is grown, processed, and purchased. These disruptions have exposed the fragility of global supply chains. A shift toward regionalized supply chains and diverse suppliers may be the key to resilience. PPO Speeds up the Procurement Process.

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Raw materials Procurement Agile and Lean Supply Chain Supply Chain Optimization 98

Una

OCTOBER 9, 2023

How to Implement a Strategic Sourcing Process A play-by-play manual showing how to implement a strategic sourcing process that aligns with your organization’s goals, optimizes spend, and creates long-term value. By proactively addressing risks, organizations can safeguard their supply chains and drive efficiencies.

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Una

JUNE 8, 2023

The fact is that procurement teams can only do so much. 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.

Suppliers 52

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

Una

AUGUST 31, 2023

By Hugo Britt | August 31, 2023 Search Search Is being “strategic” something that is only reserved for large organizations with well-resourced procurement teams? With limited resources, time, and purchasing power, every decision needs to be well-planned and supported by data.

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Strategic sourcing Strategic sourcing Sourcing Supplier relationship management 52

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

With the increasing complexity of supply chains and the growing importance of sustainability and social responsibility, the role of procurement professionals has become more critical than ever. However, failing to strategically measure purchasing performance can have significant impacts.

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Una

APRIL 13, 2023

Rather than telling them exactly what you want, you lean on their experience by asking them to recommend a suitable cut of beef. For example, transactional relationships that are typically based on a one-time purchase or short-term contract may lead to a lack of trust or issues such as misunderstandings, miscommunications, and disputes.

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Suppliers Supplier relationship management Agile and Lean Supply Chain Supply Chain Optimization 98

Una

JANUARY 8, 2024

Boosting Business Growth With the Help of a Group Purchasing Organization A playbook for boosting business growth, moving beyond the outdated perceptions of procurement, and turning it into one of your organization’s most important sources of value. What if procurement wasn’t just about cutting costs and securing deals?

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

Una

JULY 18, 2023

Top Technical Skills in the Digital Age of Procurement Explore the top technical skills purchasing professionals should have to be successful in the rapidly changing digital age of procurement. By Hugo Britt | July 18, 2023 Search Search Technical skills are changing in procurement. Make invisible spend data.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Sustainability 52

Arkestro

JUNE 6, 2023

Here are just a few of the metrics CFOs look at when examining procurement process efficiency: Cost of Purchase Order: What are the internal costs associated with each purchase? Purchases in Time and Budget: How many purchases are on budget and on time?

Supply Chain Efficiency 52

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

Una

AUGUST 9, 2023

This article delves into strategies for accelerating speed to savings in procurement without compromising on quality, integrity, and effectiveness. The Need for Speed: Why Organizations Pursue Faster Procurement Today’s organizations are under constant pressure to optimize their operations and deliver more with less.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

Una

MARCH 6, 2024

Your Business Guide to Outsourced Procurement A comprehensive guide to outsourced procurement and the benefits of working with a group purchasing organization to save money, time, and effort. We’ll also reveal the benefits of outsourcing procurement to a group purchasing organization (GPO).

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Procurement Agile and Lean Supply Chain Purchasing Supply Chain Efficiency 52

Supply Chain Game Changer

JANUARY 10, 2019

Article provided to Supply Chain Game Changer by Katalin Brennan at Eyvo E-Procurement. We’ve all heard of the need for Procurement to embrace the Digital Transformation for many years. It would be valuable to see surveys of procurement professionals with other measure like DISC or Hogan Personality Inventory.

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Procurement Agile and Lean Supply Chain Procurement team Supply Chain Optimization 61

Pipefy

MAY 23, 2023

In its long history , procurement has evolved from self-contained purchasing entities to an essential business partner handling processes involving several departments and many subprocesses. Below we’ll cover digital procurement solutions, essential features, and their benefits for optimized digital procurement workflows.

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Empowering CPO

JUNE 9, 2023

The Importance of Procurement in Business Procurement is the lifeblood of any business. It is the process of sourcing, negotiating, and purchasing the goods and services a business requires to carry out its operations. This can range from raw materials for production, to office supplies, to strategic partnerships.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

Empowering CPO

JULY 17, 2023

In this environment, procurement is not just about purchasing anymore; it’s a strategic function that can significantly impact a company’s bottom line, reputation, and future growth. These challenges can put considerable pressure on procurement teams, leading to inefficiencies, cost overruns, and missed opportunities.

Procurement 52

Procurement Supply Chain Efficiency Real-time Visibility Supply Chain Optimization 52

Empowering CPO

JULY 17, 2023

In this environment, procurement is not just about purchasing anymore; it’s a strategic function that can significantly impact a company’s bottom line, reputation, and future growth. These challenges can put considerable pressure on procurement teams, leading to inefficiencies, cost overruns, and missed opportunities.

Procurement 40

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ivalua

DECEMBER 8, 2020

The reality is that too few procurement teams have experience here. At Ivalua NOW 2021, which will again be virtual to ensure safety and allow greater participation, we’ve selected “Procurement Rising” as our theme for this reason. New revenue opportunities, more sustainable and agile supply chains, accelerated innovation.

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Jaggaer

OCTOBER 22, 2020

He was joined by Youness Taghrichte, Head of Procurement at Attijariwafa Bank, together with Richard Hogg, VP Northern Europe, JAGGAER, and Javier Lopez, Senior Value Engineer, JAGGAER. Optimizing cost, in the order of a 20-25% reduction on the current situation, is therefore a must in order to survive.

Strategy 52

Strategy Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Empowering CPO

JUNE 22, 2023

Spend analysis, a cornerstone of procurement and supply chain management, is the process of collecting, cleansing, classifying, and analyzing expenditure data with the goal of reducing procurement costs, improving efficiency, and monitoring compliance. But how do we fuel the engine of strategic sourcing?

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Una

MARCH 6, 2023

9 Innovative Purchasing Concepts for Procurement Implement various innovative purchasing concepts to ditch the old-school way of doing things and bring your procurement function up to speed. Innovative purchasing concepts Getting innovative in purchasing doesn’t necessarily mean leveraging the latest piece of technology.

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Zycus Cognitive Procurement

SEPTEMBER 13, 2022

This blog summarizes an exclusive on-demand webinar concluded by Zycus for the Nordics region with Bernard Gracia , Director & Dean at European Institute of Purchasing Management (EIPM) and Thomas Bioud , Regional VP, EMEA, Zycus. To replay the full webinar, please click here. Figure 1: Speakers of the session.

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Arkestro

SEPTEMBER 19, 2023

While certain industries continue to work around rising prices and supply disruptions, others are trying to take advantage of downward price pressures. Couple these with a broader climate of economic volatility and talent scarcity, and CPOs and heads of Manufacturing and Supply Chains have their work cut out for them.

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Supply Chain Game Changer

MARCH 6, 2019

Subscribe to Supply Chain Game Changer. 7 KPIs Your Procurement Team May Be Ignoring! But, when my mom was buying a new vehicle, she didn’t decide to scrap the vehicle from 1993 and purchase one from 1995. Procurement is a business function that has undergone a lot of change in the last few years.

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Empowering CPO

JUNE 27, 2023

Within this domain, spend analysis plays a pivotal role in enabling informed decision-making and optimizing procurement processes. Spend analysis involves the systematic examination of purchasing data to gain insights into spending patterns, supplier performance, and potential areas of improvement.

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Empowering CPO

JUNE 14, 2023

These models are often accompanied by practices such as annual rate contracts, bulk buying, and just-in-time purchasing. The focus here is primarily on cost reduction, with procurement seen as a cost center rather than a value-add function. Case Studies of Innovative Procurement A.

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