Value Match

AUGUST 4, 2022

Bid Management. Biometric machines for workers to clock-in and clock out could control the practice of overwork and underpay – although supply chain auditors found this could be circumvented by hiding a secondary machine or using a separate paper record. Eradicating Modern Day Slavery from your Supply Chain.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Ethics Supply 52

Procurement Software

MARCH 11, 2022

And yet, poor operational efficiency in Procurement means that the typical Category Manager often spends at least a THIRD of their time performing “busy work” This is not an effective or efficient use of their time. Sustainability initiatives within the supply chain. Reductions in energy or material consumption.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Procurement Software

MARCH 11, 2022

And yet, poor operational efficiency in Procurement means that the typical Category Manager often spends at least a THIRD of their time performing “busy work” This is not an effective or efficient use of their time. Sustainability initiatives within the supply chain. Reductions in energy or material consumption.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

Procurement Heads

MARCH 27, 2023

The thing I’m most passionate about is ensuring that we, as buyers, are ensuring the company uses the money and resources we’ve got in a way that benefits our customers and wider society so that we can get true value for money. Sustainability is one of those, and supply chains can influence carbon emissions in a huge way.

Sustainability 246

Sustainability Agile and Lean Supply Chain Influencing Procurement 246

ivalua

MARCH 4, 2016

Listening to all of the talks by industry leaders led me to a glaring conclusion—the critical role that technology plays in supply chain and sourcing is the giant elephant in the room that no one was talking about, but everyone could see. When the supply base is limited, being the customer of choice is essential. Time is Money.

supply chain software solutions 100

supply chain software solutions Supply Chain Efficiency Supply chain Bill of materials 100

Supply Chain Game Changer

MAY 12, 2021

Subscribe to Supply Chain Game Changer. Emerging procurement theory suggests that creating win-win situations within buyer and supplier agreements are the best ways to create long-lasting, engaging, creative, collaborative, and innovative partnerships. Subscribe Here! Email Address. Featuring Our 12 Best Procurement Articles!

Negotiation 69

Negotiation Buyers Bidding Collaboration 69

Procurement Software

JULY 4, 2023

It aims to make the procurement process more efficient, transparent, and cost-effective. Ultimately, digital procurement enables organisations to enhance the overall procurement experience, as well as increase efficiencies and transform their end-to-end procurement function. What is procurement tech?

Supply Chain Efficiency 52

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

Arkestro

AUGUST 1, 2022

For the longest time, the procurement scale has tipped in favor of the buyer. Constrained supply chains and the associated shortages have resulted in mounting pressures from the government and investors for organizations to diversify their supplier bases. Buyer-Focused Procurement Best “Practices”. Inefficient RFXs.

Supplier relationship management 52

Supplier relationship management Suppliers Management Buyers 52

The Thomas Blog

JUNE 22, 2022

To start, industrial businesses will need an effective online marketing and sales strategy to help them achieve their business goals — because the B2B buyer behavior has changed. Buyers want to know as much about you as they can to help answer these questions: Are you reliable? Be Where Buyers Search For New Suppliers.

Buyers 64

Buyers Real-time Visibility supply chain budgeting Supply Chain Efficiency 64

NLPA (Next Level Purchasing Association)

SEPTEMBER 21, 2023

The modern business landscape is constantly evolving, and this dynamism is especially evident in the areas of purchasing and supply chain management. In today’s connected world, supply chains have become more complex, with global reach, sustainability concerns, and rapidly changing market dynamics.

Procurement 52

Procurement Supply Chain Optimization Supply Chain Efficiency Purchasing 52

Procurement Heads

MARCH 27, 2023

The thing I’m most passionate about is ensuring that we, as buyers, are ensuring the company uses the money and resources we’ve got in a way that benefits our customers and wider society so that we can get true value for money. Sustainability is one of those, and supply chains can influence carbon emissions in a huge way.

Sustainability 130

Sustainability Agile and Lean Supply Chain Influencing Procurement 130

The Good Spending

NOVEMBER 5, 2021

Procurement is on the journey from cost-cutting to value delivery Naturally, Procurement started in the lowest cost arena, where the cheapest bid wins. Lowest bid Supplier selection by the lowest bid is still the dominant approach in many companies, especially public ones. This method is simple, logical, and easy to implement.

Procurement 52

Procurement Bidding Supply Chain Efficiency Contract 52

Planergy

AUGUST 8, 2023

Open Tendering Open tendering is a procurement method that allows companies to bid on goods in an open competition or solicitation. It also requires objective evaluation measures to ensure accurate bids. However, you must use care and consistency to ensure that single-source procurement improves organizational efficiency and outcomes.

Sourcing 52

Sourcing Suppliers Procurement Bidding 52

Planergy

OCTOBER 20, 2022

Sourcing Supply Chain Management. RFX – request for X – can refer to any request a buyer issues a vendor – thereby applying to any of these documents. An ROI, also called an Expression of Interest or EOI, is not a solicitation for bids but a way for organizations to gauge interest from potential suppliers.

Buyers 52

Buyers Supply Chain Efficiency Suppliers Price 52

SCMDOJO

FEBRUARY 13, 2023

To get the most out of any procurement team, all the associated key roles need to be filled with qualified individuals that understand both technology and the principles of supply chain management. They also manage the organization’s supply base to ensure coordination and efficiency.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

SCMDOJO

AUGUST 4, 2023

This implementation further lessens the order transmission time without reducing lead time to its final buyers. Reduce inventory lets you measure production efficiency, utilize and standardize hours produced (mainly for overhead absorption). A reduce inventory keeps you in the loop as you offer products in demand more efficiently.

Inventory 90

Inventory Supply Chain Efficiency Supply Chain Optimization Raw materials 90

Procurement Software

JUNE 13, 2023

It serves the needs of purchasing managers, procurement professionals and senior buyers. It automates the entire sourcing cycle, improves compliance and transparency, reduces cycle times, enhances teamwork, and promises a near-immediate return on investment. It enables users to allocate, manage and monitor budgets.

supply chain software solutions 52

supply chain software solutions Contract management Contract Sourcing 52

Pipefy

NOVEMBER 24, 2023

This guide explores the ability of these solutions to improve business efficiency and reduce operational costs, surveys the many types of tools on the market, their benefits, and essential features. This process grants transparency and visibility into purchase orders and approvals to a sometimes surprising degree.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency e2e 52

Claritum

JANUARY 25, 2019

However, Supply Chain Management technology is beginning to catch on with SMEs, largely because of the significant cost control benefits and the increasing emphasis on control of supply chains and the internationalisation of these supply chains. Supply chain integration ensuring smooth operations.

Supply chain management 36

Supply chain management Supply chain management Supply Chain Efficiency Supply chain 36

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. Check out What Exactly is Blockchain? And How Does it Work? Infographic).

Supply Chain Efficiency 50

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 50

The Procuretech Podcast

MAY 3, 2022

Given the current supply chain crisis and geopolitical instability, what better time to speak to a guest from a unique eSourcing solution? He explains a win/win situation here - with both buyers and suppliers benefiting from richer, more detailed data. This week we're taking on a very relevant topic in today's marketplace.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Bidding Sourcing supply chain software solutions 52

The Network Effect

JANUARY 17, 2016

Sharing the “Best Version of the Truth” information within an organization and across its replenishment channels allows companies to focus on streamlining their processes to increase profit, efficiently manage promotions, reduce supply chain costs and improve collaborative planning. Vendor Supply Chain Planner.

Buyers 41

Buyers Supply Chain Efficiency Bidding Networking 41

Empowering CPO

JUNE 14, 2023

At its core, procurement is the process of finding, agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. Organizations are now expected to not only manage cost but also to ensure supply chain resilience, mitigate risks, and contribute to strategic objectives.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Procurement Software

MARCH 7, 2023

It enables: Building stronger relationships with your key suppliers Competitive bidding, which optimises cost Evaluating non-price factors important to your organisational objectives e.g. quality, lead time, sustainability Performing the appropriate pre-qualification of suppliers. Improvements to end-to-end supply chain efficiency.

Sourcing 64

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 64

Pipefy

MAY 9, 2023

Build a more efficient and connected procure-to-pay process with The Definitive Guide to P2P Optimization Importance of procurement KPIs Procurement has evolved over the years from transactional functions (now associated with purchasing) to encompass strategic activities focused on maximizing and creating value for a business.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

Procurement Software

DECEMBER 5, 2022

Competitive bidding, which optimises cost. Improvements to end-to-end supply chain efficiency. The goal is usually to develop the most efficient transactional procurement operations. The next step is using automation to increase P2P digitisation and efficiency to a more advanced level. Value Drivers (H3).

Sourcing 52

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

Value Match

SEPTEMBER 29, 2022

Bid Management. The Public Sector, at an aggregate level, is the single largest UK buyer of goods and services that are not consumer focused. Categories. Best Practice Guides. Case Study. Circular Economy. Community Story. Contract for Change. Cyber Security. Environment and Climate. Equality and Inclusion. Government Buying Standards.

Procurement 52

Procurement supply chain budgeting Ethics Supply Chain Efficiency 52

SPLC (Sustainable Purchasing Leadership Council)

MAY 29, 2019

By establishing an internal green procurement committee and a guidebook for purchasing energy efficient motors, they were able to mandate a minimum of 30% green procurement and then exceed their own mandate by having 83% of their procurements qualify as “green.” John Ferraro Building Efficiency Case Study. They saved $19.4

Leadership 40

Leadership Purchasing Sustainability Supply Chain Efficiency 40

Claritum

FEBRUARY 4, 2020

Problems can arise when bespoke requirements are purchased directly by employees throughout the organisation or just “passed through” by overworked buyers who have no time to deal with the suppliers. This can result in products and services being purchased across the organisation with no consistency of supply, sustainability or quality.

Purchasing 47

Purchasing Sourcing Supply Chain Efficiency Suppliers 47

HICX

DECEMBER 15, 2022

After gaining experience, David went on to establish his own business, Procurated , which connects public sector buyers with peer-reviewed suppliers. It’s all together, seamlessly, in one place and it helps them do their jobs efficiently.” . How to prepare for technological transformation within the procurement community.

Procurement 52

Procurement supply chain software solutions Real-time Visibility Suppliers 52

SPLC (Sustainable Purchasing Leadership Council)

MARCH 27, 2018

Each of the rating tools included in the guide were screened against forty criteria that SPLC’s members determined were important for the credible use of supplier sustainability ratings within procurement and supply chain contexts. Transparency International. Responsible Business Alliance (formerly EICC). Salesforce.com*.

Sustainability 40

Sustainability Suppliers Supply Chain Efficiency Chief Procurement Officer 40

Planergy

JULY 21, 2023

Goods have fixed prices, whereas services usually involve negotiation between buyers and sellers to reach a pricing agreement. Wasted Spend Without adequate supply chain management , organizations risk wasting a lot of money.

Management 52

Management Procurement supply chain budgeting Budget 52

Supply Chain Game Changer

NOVEMBER 22, 2018

Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? Some of the first-hand areas from small to large organizations have been: An $8 billion global company has been placing all items for bid each year to realize cost savings. Landgraf, CEO at Above the Standard ( [link] ). Another $1.5

supply chain budgeting 63

supply chain budgeting Procurement Supply Chain Efficiency supply chain software solutions 63

Claritum

FEBRUARY 4, 2020

Problems can arise when bespoke requirements are purchased directly by employees throughout the organisation or just “passed through” by overworked buyers who have no time to deal with the suppliers. This can result in products and services being purchased across the organisation with no consistency of supply, sustainability or quality.

Purchasing 32

Purchasing Supply Chain Efficiency Sourcing Suppliers 32

Supply Chain Game Changer

NOVEMBER 14, 2018

Supplier relationship management is a process for developing and managing collaborative relationships with suppliers at all levels to achieve the required business objectives and overall supply chain strategy. Many organizations have developed web-based portals or use other cloud-based services to tie the supplier and buyer together.

Supplier relationship management 44

Supplier relationship management Suppliers Management Agile and Lean Supply Chain 44

Jaggaer

OCTOBER 8, 2019

As we noted in the report, the digital transformation of procurement involves many processes working in tandem rather than sequentially; data integration would also allow analytics applications to exploit data from one area of the value chain to improve performance and efficiency in another. 4) The “Day of Digitalization”.

Procurement 40

Procurement e2e Agile and Lean Supply Chain supply chain software solutions 40

Supply Chain Game Changer

JANUARY 9, 2019

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. Even in the most tactical procurement roles, a buyer should be able to visualize the purchasing process from beginning to end. The Supply Chain Game Changer Job Board! Subscribe Here! Email Address.

Procurement 68

Procurement Purchasing Negotiation supply chain software solutions 68