World of Procurement blog

APRIL 23, 2024

Supply Chain Management Systems: Cover a broader spectrum, including inventory management, order management, and logistics, in addition to procurement. E-Sourcing Software: Facilitates online bidding and tendering processes, enabling transparent and efficient supplier selection.

supply chain software solutions 52

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

Una

APRIL 23, 2024

The research found that AI-enabled supply chain management allowed early adopters to improve: Forecasting errors reduced by up to 50% Logistics costs improved by 15% Inventory levels by 35% Service levels by 65%. Demand forecasting & inventory optimization Can we finally bid goodbye to overstocked warehouses and disappointed customers?

Supply chain management 52

Supply chain management Supply chain management Supply Chain Optimization Supply Chain Efficiency 52

Jaggaer

DECEMBER 4, 2018

Why You Should Consider Freight Procurement Sourcing Solution. First, for shipping companies and third-party logistics (3PL) providers, automation provides an opportunity to develop a strategy for each carrier type, mode, capacity and service. The Challenges of Freight. It’s Time to Catch Up. You need something more.

Procurement solutions 40

Procurement solutions Supply Chain Optimization supply chain budgeting supply chain software solutions 40

The Procuretech Podcast

MAY 3, 2022

Keelvar - bot technology for spot sourcing. Alan explains how his background in a university computer science department inspired Keelvar, and how his knowledge in AI has enabled him to develop a platform for sourcing excellence, that scales to any size of transaction. Optimising spot sourcing, as opposed to long-term tenders.

Agile and Lean Supply Chain 52

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

Barkers Procurement

AUGUST 10, 2023

Diversifying supplier networks by sourcing from more than one supplier can help you to avoid disaster. It also affords you agility: if a public health crisis or a geopolitical one emerges, you can maintain your cash flow and adopt new logistics strategies.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Supply 52

SCMDOJO

JULY 3, 2023

Choose between a broad overview of procurement and a focused course that focuses on certain topics like strategic sourcing, contract management, or supplier relationship management. Take into account things like your current skill level, desired improvement areas, and professional objectives. Procurement and Purchasing Cycle Lesson 7.

Cost of ownership 82

Cost of ownership Procurement Category management supply chain software solutions 82

Supply Chain Collaborator

MAY 23, 2018

Cross-Posted at Talking Logistics. These solutions, when properly implemented , routinely achieve automation levels as high as 80-90% for critical logistics processes like rating, routing, tendering, spot bidding, carrier management, freight audit/settlement and more. What the hell is going on over there in transportation?!”

Supply Chain Efficiency 74

Supply Chain Efficiency Freight Audit supply chain budgeting Logistics 74

Una

NOVEMBER 14, 2022

Then, in the 1960s, the practice of competitive bidding became commonplace giving rise to trained procurement professionals. Some companies and organizations thought about the end-customer experience and strategic sourcing , but these concepts were more outliers than standard practice. Want a perhaps more reliable source of truth?

Procurement 98

Procurement Agile and Lean Supply Chain Supply Chain Efficiency Procurement team 98

Supply Chain Game Changer

NOVEMBER 26, 2022

In both onshore and offshore applications, they include drilling, completion, production, supply, and logistics support. These services range widely and include finding energy sources, managing energy data, evaluating drilling and formations, and geological sciences. From USD 135.1 billion in 2020 to USD 171.7

Supply Chain Efficiency 70

Supply Chain Efficiency Price Quantity Supply Chain Optimization 70

Supply Chain Game Changer

FEBRUARY 23, 2022

Procurement is a process that involves obtaining and accepting terms and getting goods or services from an outside source. You achieve the process via tendering and competitive bidding. Featuring Our 12 Best Procurement Articles! In other words, procurement is deciding to buy under conditions of less availability.

Procurement 90

Procurement Competitive bidding Purchasing Procurement team 90

ProcurePort

JANUARY 22, 2020

Reverse auctions can bring huge success to your business if they are executed correctly with a well-defined e-Sourcing process. Defense Logistics Agency, reverse auctions were able to save around $1.6 The post The Key Difference Between Reverse Auction and Bidding appeared first on ProcurePort Blog. According to the U.S.

Bidding 130

Bidding Logistics Sourcing 130

Una

MARCH 6, 2024

Well, providers (including Una) often have category experts with extensive sourcing experience. Let’s take a look at a typical procurement cycle… Outsource by task It can be helpful to think about all the tasks that your team handles during a typical sourcing cycle. Strategic Sourcing Need some expert advice?

Procurement 52

Procurement Agile and Lean Supply Chain Purchasing Supply Chain Efficiency 52

Empowering CPO

JULY 5, 2023

Procurement, which refers to the process of finding, acquiring, and buying goods, services, or works from an external source, often via a tendering or competitive bidding process, plays a critical role in determining a company’s efficiency and profitability. But don’t just take our word for it.

Management 52

Management Procurement Real-time Visibility Ethics 52

Market Dojo

DECEMBER 13, 2017

We recently encountered an article on Linkedin by Rémy de Lavergne, a highly experienced procurement professional with a specialism in Logistics. Procurement is the process of finding, agreeing terms and acquiring goods, services or works from an external source, often via a tendering or competitive bidding process.

Procurement 40

Procurement Competitive bidding Buyers Innovation 40

Solvoyo

JANUARY 3, 2020

A digital twin should enable a thorough evaluation of strategic and tactical options for a supply chain, e.g., network design, strategic sourcing through bids, transportation purchasing, seasonal build-ahead options, seasonal assortment options, etc. Enables representation of operational processes.

Supply Chain Optimization 40

Supply Chain Optimization supply chain software solutions Supply chain Supply 40

Procurement Heads

JUNE 6, 2023

This involves overseeing various service offerings, such as our Sourcing Solution team, which supports multiple councils in executing their procurement activities. It is contract management, it is low-cost sourcing, and the whole policy side. We are a very broad service; it is not just procurement.

Contract management 130

Contract management Contract Supply Chain Efficiency Procurement 130

SCMDOJO

APRIL 3, 2022

Digital bidding, or eAuctions, are a more efficient way of negotiating with vendors in the international market. Procurement eAuctions may be used in a multitude of sectors and domains, including industrial machinery, supply chains and logistical operations, telecommunications, commodities, and business technical support programs.

Supply Chain Efficiency 140

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 140

Supply Chain Collaborator

MAY 23, 2018

Cross-Posted at Talking Logistics. These solutions, when properly implemented , routinely achieve automation levels as high as 80-90% for critical logistics processes like rating, routing, tendering, spot bidding, carrier management, freight audit/settlement and more. What the hell is going on over there in transportation?!”

Supply Chain Efficiency 17

Supply Chain Efficiency Freight Audit supply chain budgeting Logistics 17

Procurement Software

FEBRUARY 27, 2024

But perhaps you don’t really understand how that impacts your sourcing decision when seeking out the best procurement software for your organisation. How is ERP different to a source-to-pay suite? These systems have little procurement-related functionality beyond day-to-day transactional purchasing and tactical sourcing.

Sourcing 52

Sourcing Contract management Price Procurement 52

SCMDOJO

NOVEMBER 2, 2023

Expertise: Sourcing, Supply Chain Analysis, Logistics & Transportation, Logistics Management Consulting, Freight (Maritime, Land, or Air), Logistics Technology Solutions. Hire any of them as your supply chain consultant and see the difference! Matías Guarello Wilhelmy Location: Chile / Remote Rating: 5/5.0

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 59

Jaggaer

JULY 7, 2020

Over time, this engagement has expanded globally and is still focused on one of the most testing categories of sourcing and contract management within procurement: transport and logistics. In 2019 the company decided to embark on a project to implement global dashboards for sourcing and contracting events.

Real-time Visibility 52

Real-time Visibility e2e Contract Contract management 52

Arkestro

AUGUST 22, 2023

That being said, the ripple effects of these unexpected crises are setting the stage for emerging struggles with logistics, raw material shortages, and the increasing impacts of climate change on natural resources.

Food and Beverage Supply Chain 52

Food and Beverage Supply Chain supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 52

Supply Chain Game Changer

NOVEMBER 23, 2018

especially procurement and logistics?—?in For this reason, blockchain technology has been viewed as the perfect match for business application within procurement and logistics. Blockchain technology won’t just enhance the way procurement and logistics professionals work today; it poses the ability to reshape the functions entirely.

Supply Chain Efficiency 50

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

Supply Chain Game Changer

JANUARY 12, 2021

Source: bestbusinesscircle.com. There are many different reasons why people commit fraud or perpetrate scams. The most common conceptualization of these reasons has been captured in the Fraud Triangle theory, created by Donald Cressey. Examples of fraud opportunities at all stages of the Supply Chain are enumerated by esourcingwiki.com.

Supply chain 57

Supply chain Real-time Visibility Supply Inventory 57

Supply Chain Game Changer

NOVEMBER 9, 2018

Everything from predictive omnichannel software to an Uber for the notoriously backwards (as in, using faxes to make bids level of backwards) trucking industry will hopefully smooth out the lines in that bullwhip, passing along savings to consumers and giving more profit to companies at every step of the supply chain. Maximizing Liquidity.

supply chain software solutions 42

supply chain software solutions Supply Chain Optimization Supply chain Networking 42