Arkestro

JULY 6, 2023

Plant shutdowns, production disruptions, supply shortages, and demand surges wreaked havoc on the automotive world in 2020. And unfortunately, many of those same issues are major pain points for procurement teams today. million cars from production due to ongoing supply chain issues and semiconductor shortages.

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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. Scope : Procurement spans the entire process from identifying requirements to contract closure.

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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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Arkestro

JUNE 20, 2023

Research-backed procurement strategies can help CFOs achieve their goals while minimizing risk exposure across global supply chains. By implementing the right strategies, CFOs can reduce costs while still maintaining high quality standards. With 36% of leaders prioritizing AI implementation in finance [1].

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ivalua

MAY 6, 2021

The past few years have been a boon for procurement, which has become increasingly strategic and critical to business. The pandemic has accelerated this trend, with the Procurement function front and center in the fight to ensure supply chain resilience and continuity, reduce costs and protect the bottom line.

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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 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. It also ensures that the procurement process is aligned with financial targets and objectives.

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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. This results in better negotiation outcomes, improved quality, reduced costs, and enhanced overall value delivery.

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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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Empowering CPO

MAY 5, 2023

In essence, procurement serves as the backbone of an organization’s supply chain, contributing to cost savings, risk management, and supplier relationship management. As a result, effective procurement is crucial to maintaining a competitive edge and supporting overall business objectives.

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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. . Here are the latest updates on digital procurement in 2022 : .

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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. You can listen to the full episode here.

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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. It involves optimizing procurement processes and reducing costs while maintaining the quality of goods and services.

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Arkestro

JUNE 6, 2023

On the one side, finance is concerned with keeping the company budget in the black. On the other side, procurement is concerned with keeping company operations running smoothly and judicially making the most of budgets. Ultimately, both want the same goal — ensuring business outcomes are positive, timely, and on-budget.

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Una

JANUARY 8, 2024

Here are some examples of how a Cost-First Crusader and a Value-Creation Maestro might approach the same purchasing needs in different ways: Office Printers Cost-First Crusader You're on a mission to save on printers. You snag a bunch of budget-friendly printers without considering the long game.

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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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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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Empowering CPO

JULY 17, 2023

Procurement teams are often confronted with issues such as maintaining cost control and visibility over spending, managing relationships with a diverse range of suppliers, staying compliant with a myriad of regulations, mitigating risks in the supply chain, and leveraging new technologies effectively.

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Empowering CPO

JULY 17, 2023

Procurement teams are often confronted with issues such as maintaining cost control and visibility over spending, managing relationships with a diverse range of suppliers, staying compliant with a myriad of regulations, mitigating risks in the supply chain, and leveraging new technologies effectively.

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Empowering CPO

JUNE 22, 2023

It not only helps businesses to reduce costs and increase efficiency, but also strengthens supplier relationships, and enhances value creation. We will also introduce you to EmpoweringCPO’s unique spend analysis services and offerings, designed to maximize your business’s procurement efficiency and bottom line.

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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! Initiatives are being put in place to make these statements a reality, but are these organizations agile enough to shift strategies, process and operations — for real? Subscribe Here! Email Address. Source: Accenture 2013. “An

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Pipefy

MAY 23, 2023

These solutions — sometimes referred to as e-procurement — relieve procurement professionals and other stakeholders of manual and repetitive tasks, which saves time, cuts costs, decreases errors, and increases revenue for their businesses. Many procurement processes require knowledgeable, experienced professionals at the helm.

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Empowering CPO

JUNE 14, 2023

Market volatility, globalization, and changing customer expectations have made procurement more complex than ever before. Organizations are now expected to not only manage cost but also to ensure supply chain resilience, mitigate risks, and contribute to strategic objectives.

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Planergy

DECEMBER 29, 2022

That means working with agile partners, which most standard procurement strategies don’t account for. As disciplines blur together, procurement teams have a harder time choosing agencies that are right for their needs. How Marketing Procurement Impacts an Organization’s Overall Success.

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Jaggaer

OCTOBER 8, 2019

For this to happen, procurement professionals must make a stronger case to the organization’s leadership to demonstrate the value it can deliver. With budgets not growing at an adequate pace, or even shrinking, procurement cannot deliver the value that digital transformation promises. 2) Establish the basics.

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Arkestro

JANUARY 9, 2024

According to Deloitte, the manufacturing industry was in contraction throughout most of 2023 due to challenges like increased lead times, tight labor markets, and rising costs. As we move into 2024, procurement teams continue to face hurdles like supply chain volatility, geopolitical tensions, budget restrictions, talent shortages, and more.

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Pipefy

JANUARY 30, 2024

In the 2024 State of Procurement Data Report by Amazon Business, 95% of decision-makers surveyed acknowledge that there’s room for procurement optimization. Teams will need to rely on greater investments in the right tools and technology to make these optimizations, from no-code automation to AI and data analytics.

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Una

MARCH 6, 2023

How to Market Procurement’s Value Beyond Cost Savings The Importance of Looking Beyond Cost Savings in Procurement Procurement Automation: 5 Tasks You Should be Automating Employ lean procurement principles For some organizations, getting Lean in procurement simply involves doing things faster.

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Pipefy

MAY 9, 2023

Procurement KPIs continually measure the progress of all things related to buying and obtaining goods and services necessary for a business’ operation. Monitoring procurement KPIs is a vital part of keeping track of an organization’s overall health and the smaller endeavors that contribute to that.

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ivalua

MARCH 9, 2023

By gaining visibility into spending patterns, demand, supplier performance, and supply markets–opportunities will be uncovered. Spend under management: S2P software can help procurement teams better manage the percentage of company spend that is under contract and under management.

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Empowering CPO

MAY 4, 2023

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. Improved data accuracy: Digital systems reduce the risk of human errors, ensuring accurate data for better decision-making.

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Procurement Software

MARCH 5, 2024

FRDM FRDM is a software company specialising in supply chain risk management. Their software is designed for multinational corporations managing complex supply chains. It helps large enterprises like Virgin, Coca-Cola, Boeing, and IBM map, monitor, and mitigate ESG risks across their global supply chains.

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Pipefy

JANUARY 5, 2023

That’s because manual procurement processes tend to be inefficient, fragmented, and error-prone. Fortunately for procurement teams, the shift from manual to digital procurement has never been easier or more cost-effective. What is digital procurement? Accelerating integrated procurement.

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HICX

AUGUST 31, 2023

It is a pivotal component of supply chains for organizations of all sizes due to the increasingly complex dynamics of today’s global market that interconnects organizations, suppliers and consumers. One area of supply chain management and strategy that has become increasingly important is Supplier Information Management (SIM).

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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. Build a more efficient procurement with the Definitive Guide to P2P Optimization Download free guide What is cloud procurement?

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Supply Chain Game Changer

NOVEMBER 23, 2018

Growing global complexity in supply chain management has forced organizations to look towards technology as their silver bullet; serving as the missing link between people (supply chain actors) and the ability to collaborate at scale. especially procurement and logistics?—?in Check out What Exactly is Blockchain?

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Pipefy

MARCH 6, 2023

Supply chain interruptions, worker shortages, and rising inflation costs that emerged with the pandemic have forever changed the economic landscape. The first step to operational efficiency is taking a close look at every operational process and asking questions like: How much does it cost to produce each unit?

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