World of Procurement blog

MAY 8, 2024

It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. What is Procurement?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Tactics

JUNE 28, 2023

Commodities are Tangible products, which usually refer to raw materials that are used as inputs in producing other goods and services. Livestock Commodities Livestock and meat commodities include lean hogs , pork, live cattle , and feeder cattle. Commodity Trading is the exchange of essential raw materials and goods.

Raw materials 178

Raw materials Supply Chain Efficiency Price Market analysis 178

Supply Chain Game Changer

JUNE 11, 2019

Subscribe to Supply Chain Game Changer. What is Supply Chain Management (SCM)? When I started my career the term “Supply Chain” had just been coined. Now as I look back on my career virtually everything I did falls under the banner of Supply Chain management. Subscribe Here!

Agile and Lean Supply Chain 105

Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions Supply chain 105

Procurement Tactics

JANUARY 8, 2023

Spend analysis enables businesses to assess procurement spending data from internal and external data sources. It can also help drive sustainability initiatives in your supply chain and procurement process. . Responsible sourcing – Establishing trust and transparency in the value chain. Use of materials.

Sustainability 207

Sustainability Procurement Agile and Lean Supply Chain Supply Chain Optimization 207

Procurement Software

MARCH 11, 2022

Here are just a few examples of how top procurement software solutions can move the needle and drive better results from your existing procurement team. Purchase to pay software with a mobile-first interface that busy stakeholders actually enjoy using. Operating supplies (MRO and consumables).

supply chain software solutions 52

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

Procurement Software

MARCH 11, 2022

Here are just a few examples of how top procurement software solutions can move the needle and drive better results from your existing procurement team. Purchase to pay software with a mobile-first interface that busy stakeholders actually enjoy using. Operating supplies (MRO and consumables).

supply chain software solutions 52

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

ivalua

JANUARY 29, 2020

Competitors or new market entrants can use it to attack you these days – you don’t need a chain of retail shops on the high street, just a good idea, a great website and an outsourced logistics operation. So the need for businesses to act with speed and agility has never been greater.

Collaboration 213

Collaboration Innovation Agile and Lean Supply Chain Procurement 213

World of Procurement blog

MAY 8, 2024

What is Supply Chain Management (SCM) Supply Chain Management (SCM) is the management of the flow of goods, services, information and finances as they move from raw materials to final product, from manufacturer to consumer. Optimized supply chains lead to improved profit margins.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply chain management Supply chain management Supply Chain Optimization 40

Supply Chain Opz

JUNE 1, 2014

Professionals in supply chain management use various methods to identify best practices to improve the operations. In order to accelerate the learning, this article has gathered 20+ most sought-after supply chain case studies, analyzed/categorized them by industry and the findings are presented.

Agile and Lean Supply Chain 95

Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Supply chain 95

Procurement Tactics

SEPTEMBER 13, 2022

Sustainable Supply Chain — The Ultimate Guide. The sustainable supply chain is adopted by many companies due to the increasing pressure to demonstrate greater environmental and social responsibility. However, how can companies demonstrate tier responsibility through the supply chain?

Supply Chain Efficiency 183

Supply Chain Efficiency Supply Chain Optimization Sustainability Agile and Lean Supply Chain 183

Arkestro

JUNE 20, 2023

Research-backed procurement strategies can help CFOs achieve their goals while minimizing risk exposure across global supply chains. As CFO, make it clear what budget can be allocated to cost saving initiatives such as investing in Predictive Procurement Orchestration software. There also might be multiple systems to log in to.

Procurement strategies 52

Procurement strategies Supply Chain Efficiency Strategy supply chain budgeting 52

Zycus Cognitive Procurement

JANUARY 24, 2023

Shortages in raw materials, energy, shipping, and labor required that CPOs performed at the top of their game to ensure business continuity. As per the experts “ PLAN for 2023 requires a synergy between people, process and technology aspects.” This is essential to build a bold, agile and flexible procurement function.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Arkestro

MARCH 13, 2023

It turned to Arkestro Predictive Procurement software. Due to pandemic-driven market disruption, consumer behaviors shifted and labor forces shrunk — suffocating the global supply chain. But resource limitations at different points in the supply chain are not always due to depleted raw materials.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Procurement Bidding 52

The Procuretech Podcast

SEPTEMBER 28, 2021

The constant challenge of poor data, inaccurate or missing taxonomies and battling with free text PO descriptions is what ultimately led them down the path of creating a software business to solve this problem at scale. AI must be applied to specific fields to provide tangible solutions. From whom do I buy? What price am I paying?

Data 52

Data supply chain software solutions Agile and Lean Supply Chain Category management 52

Empowering CPO

JUNE 9, 2023

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. Delivery: They used On-Time Delivery Rate to ensure timeliness in their supply chain.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

Planergy

DECEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Managing the challenges with best practices, including using procurement software for the marketing spend category helps simplify your process. How to gain visibility and control of your indirect spend. Download Free Copy.

Procurement 52

Procurement Raw materials supply chain budgeting supply chain software solutions 52

EazyStock

AUGUST 29, 2023

These disruptions caused delays throughout the entire supply chain as effects rippled down. It’s vital for the environment that we review supply chain and inventory management practices to ensure the environment’s survival and prevent supply chain disruptions. Do you have sustainability goals?

supply chain software solutions 52

supply chain software solutions Supply Chain Optimization Supply chain management Supply chain management 52

Empowering CPO

JUNE 26, 2023

By analyzing historical spend patterns and supplier performance, organizations can negotiate better contracts, consolidate suppliers, and implement strategic sourcing initiatives. Stronger supplier relationships lead to better pricing, improved service levels, and a more reliable supply chain.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Collaboration 40

Supply Chain Opz

AUGUST 2, 2018

From the most basic to the most advanced organization, Inventory Optimization is a critical goal and one which underpins the effectiveness of the supply chain operation. Inventory Optimization requires an organization to sustain and maintain the right mix of cost versus service.

Supply Chain Optimization 40

Supply Chain Optimization e2e Inventory Real-time Visibility 40

Supply Chain Game Changer

JULY 15, 2021

Subscribe to Supply Chain Game Changer. Each element of your supply chain has its own lead time. The time it takes for an order of raw materials to be delivered to the factory is the material lead time. In that case, you’ll need to shorten your material and factory lead times. Subscribe Here!

Agile and Lean Supply Chain 98

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

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.

Real-time Visibility 52

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

IBM Supply Chain Blog

JUNE 14, 2023

artificial intelligence (AI) applications, the Internet of Things (IoT), robotics and augmented reality, among others) to optimize enterprise resource planning (ERP), making companies more agile and adaptable. Optimize workflows by analyzing data from multiple sources (e.g.,

Supply Chain Optimization 78

Supply Chain Optimization Supply Chain Efficiency Real-time Visibility supply chain software solutions 78

Planergy

SEPTEMBER 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Vertical Integration: By taking control of different stages of the production or distribution process, businesses can gain supply chain control, reduce costs, increase efficiency, and differentiate their products and services.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply Chain Optimization supply chain budgeting 52

Procurement Software

JULY 4, 2023

Procurement technology, or procuretech, refers to software which powers these digital tools which automate and streamline procurement. Software can be used to not only assist procurement teams to automate manual processes such as data entry, document processing and vendor communication. What is procurement tech?

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement supply chain budgeting 52

Planergy

JULY 21, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It involves procuring services from outside sources and managing the relationship with supplier or service provider. This typically includes raw materials and components. What is Services Procurement?

Management 52

Management Procurement supply chain budgeting Budget 52

Pipefy

JANUARY 31, 2023

For example, direct procurement is used to source and obtain parts, materials, and services to support the manufacturing of a product. For example, supplies for the HR department or IT equipment for facilities management are obtained through indirect procurement. no sourcing restrictions).

Purchase orders 59

Purchase orders Purchasing Procurement Quantity 59

Supply Chain Game Changer

NOVEMBER 25, 2018

From The Terminator to Blade Runner, pop culture has always leaned towards a chilling depiction of artificial intelligence (AI) and our future with AI at the helm. Artificial intelligence has tried to replicate the knowledge and reasoning methodologies of experts through Expert System, a type of problem-solving software. Expert System.

Supply Chain Efficiency 54

Supply Chain Efficiency Agile and Lean Supply Chain Buyers Data 54

Supply Chain Game Changer

MARCH 20, 2019

Subscribe to Supply Chain Game Changer. What Supply Chain Management problem does this solve? The biggest problem in the transitional supply chain is lack of open and trustworthy information availability across the supply chain caused by multiple issues – trust, technology and legacy practices being the top ones.

Agile and Lean Supply Chain 79

Agile and Lean Supply Chain Supply Chain Efficiency supply chain software solutions Supply chain 79