Spend Matters

FEBRUARY 22, 2024

With the advent of AI, and especially generative AI within that broader term, and the continued globalization of supply chains, the pace of change has sped up, forcing businesses and workers to adjust quickly. It’s no longer good enough to focus on just one area. That alone increases efficiency,” he continued.

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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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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.

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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?

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World of Procurement blog

MAY 8, 2024

Scope : Procurement spans the entire process from identifying requirements to contract closure. Value-add : Procurement aims to add value by optimizing processes, consolidating spend, and building supplier relationships. Stakeholders : Procurement involves multiple internal stakeholders across the organization.

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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. Policies serve as guidelines for the procurement team, ensuring consistency and adherence to ethical standards.

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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. Data Insights Chatbots can analyze procurement data in real-time, providing valuable insights to procurement professionals. One of our team members will personally reach out within 24 hours.

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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. 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.

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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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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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Arkestro

MAY 30, 2022

However, it makes the point that digital acceleration should be a key goal for procurement teams across a wide range of industries. The Pandemic Exposed Flaws in Traditional Approaches to Procurement. We all remember the early days of the pandemic and shortages in critical medical supplies.

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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?

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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. 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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Procurement Software

MARCH 5, 2024

If you want to search the whole range of procurement tech companies out there beyond just startups, then check our our free software directory. Focal Point Focal Point is a growing Atlanta-based procurement startup offering a unique solution tacking three different challenges within procurement.

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Pipefy

NOVEMBER 3, 2023

Procurement requires precision, predictability, and the ability to problem-solve with agility and confidence. A resilient procurement process can help businesses adapt more quickly to changes in the market and disruptions to the supply chain. With the right tools, teams can achieve this and more.

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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

DECEMBER 18, 2023

Improvements to existing procurement processes, procedures, and operations are as time-sensitive as ever. In the 2024 State of Procurement Data Report by Amazon Business, 95% of decision-makers surveyed acknowledge that there’s room for procurement optimization.

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World of Procurement blog

MAY 23, 2024

To mitigate supply chain risks and improve business continuity by reducing dependence on many small suppliers. Working closely with fewer suppliers also enhances supply chain transparency and resilience. This evaluation sets the foundation for determining the optimal supplier base to meet your strategic needs.

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Empowering CPO

MAY 6, 2023

The Evolving Role of Procurement in Businesses In today’s rapidly changing business landscape, procurement has emerged as a strategic function that goes beyond merely purchasing goods and services. This enables procurement teams to focus on strategic activities that contribute to the company’s growth and success.

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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. Build better procurement processes with the Definitive Guide to Workflow Management Download now.

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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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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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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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Empowering CPO

JUNE 9, 2023

KPIs in procurement are a set of quantifiable measurements that demonstrate how effectively an organization is achieving its operational and strategic goals in procurement. They act as a navigational tool, guiding the procurement team towards the achievement of their strategic objectives.

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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. Here’s what that involves: Find the right procurement tool for your organization.

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Una

JULY 18, 2023

Technical know-how In this age of rapid digital transformation, it’s essential for procurement professionals to be tech-savvy. Familiarity with procurement software platforms , e-procurement systems, and vendor management systems is a must. In today’s fast-paced world, agility is the name of the game.

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Una

JANUARY 8, 2024

Procurement can promote employee value all the way down the value chain by ensuring suppliers comply with fair labor practices, ethical standards, and employee well-being. We can play a role in building a supply chain that reflects the positive workplace culture you want to foster within your organization.

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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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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.

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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. Advantages of digital procurement systems The digital transformation of procurement processes offers numerous advantages to businesses.

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Zycus Cognitive Procurement

SEPTEMBER 13, 2022

With increasing pressure for organizations to contribute toward Environmental, Social, and Governance (ESG) mandates, the responsibility is on the procurement team’s shoulders to strategize and make collective efforts. C²PO evangelizes and enforces sustainable procurement practices. Figure 1: Speakers of the session.

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Una

MARCH 6, 2024

This is super handy in industries where workloads can change in a snap, like customer support or software development. Being able to adapt fast keeps businesses agile and ready for whatever the market throws their way. Similarly, you might outsource a project to increase procurement speed-to-savings to an expert in Agile procurement.

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Pipefy

DECEMBER 10, 2022

No matter the size of your company, how you structure your purchase process has a direct impact on your company’s ability to control costs, manage risks, and maintain process resilience as supply chains evolve. This means that any employee or team purchase must be submitted, reviewed, and approved through a single purchasing process.

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Empowering CPO

JUNE 27, 2023

Procurement is a strategic function that encompasses the acquisition of goods and services required to support an organization’s operations. Within this domain, spend analysis plays a pivotal role in enabling informed decision-making and optimizing procurement processes.

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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. Given the supply chain disruptions caused by the pandemic and its after-effects (many of which remain uncorrected), how do we do more with less?

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Jaggaer

OCTOBER 8, 2019

Procurement will also need to recruit talent with the skills that will be needed to take the next leap forward: professionals who understand data, IT and analytics. This does not necessarily mean “hands-on” knowledge of software development, as the software applications are now available in secure multi-tenant cloud-based solutions.

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Planergy

DECEMBER 29, 2022

Marketing procurement focuses on bringing in sales, where standard procurement focuses on things needed to keep the business running. Managing the challenges with best practices, including using procurement software for the marketing spend category helps simplify your process. What is Marketing Procurement?

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