Pipefy

FEBRUARY 13, 2023

While often used interchangeably, procurement and acquisition are two distinct resource strategies that fulfill two different needs with the help of various processes. Build better workflows with the Definitive Guide to Workflow Management Download now What is procurement? Is acquisition part of procurement? In a word, yes!

Real-time Visibility 52

Real-time Visibility e2e Procurement Bidding 52

Zycus Cognitive Procurement

JANUARY 16, 2023

You must have found yourself struggling with limited visibility into preferred or contracted suppliers, contract utilization status, budgeting issues, and multiple requirements for sourcing low dollar items or services. It is usually time consuming, require multiple approvals and follow ups. Lack of pricing compliance .

Sourcing 52

Sourcing Real-time Visibility Procurement Buyers 52

Arkestro

SEPTEMBER 29, 2023

Manufacturing Optimize Manufacturing Efficiency with Arkestro Get in touch Our solutions Gear Up for Success: Predictive Procurement Fine-Tunes Efficiency in the Manufacturing Industry Arkestro is your secret weapon in the manufacturing industry. We help you save money and time, across all areas of addressable spend. Let’s talk.

Real-time Visibility 52

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Bidding 52

Pipefy

NOVEMBER 24, 2023

Many organizations have implemented software automation tools that allow them to get more done at a lower cost, but procurement is one area that has lagged behind in this trend. According to Amazon’s 2024 State of Procurement report, 95% of decision makers believe that procurement has room for optimization.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency e2e 52

Procurement Software

APRIL 18, 2023

These negotiations take place in real time, with all prospective suppliers at once. This saves buyers not only money, but hours of conversation time. This involves suppliers competing in sequential bidding. This back and forth is very time-consuming. Let’s look at the other benefits of running an eAuction.

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

Pipefy

MAY 9, 2023

Definition of procurement KPIs Key performance indicators (KPIs) are measurements of the efficacy of a business department, process, or strategy. Procurement KPIs continually measure the progress of all things related to buying and obtaining goods and services necessary for a business’ operation.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

Zycus Cognitive Procurement

FEBRUARY 8, 2022

Need for Artificial intelligence in Procurement. As Procurement leaders plan their 2022 Savings targets, they are exploring new ways to unlock the full potential of their operations and realize its true value. So how does AI help solve the procurement puzzle ? . let’s go through some use cases-. 1 ) AI-Assisted Sourcing.

Real-time Visibility 40

Real-time Visibility Procurement Contract management Bidding 40

Procurement Heads

AUGUST 2, 2023

Murphy & Sons and advice to individuals starting their journey within Procurement. I have spent over 30 years in the Procurement and supply chain in the construction industry. Additionally, it felt like the right time for a new challenge, as I had spent nearly 24 years with my previous employer. It was set up in 1951.

Supply chain 130

Supply chain Real-time Visibility Sustainability Procurement strategies 130

Una

APRIL 23, 2024

Demand forecasting & inventory optimization Can we finally bid goodbye to overstocked warehouses and disappointed customers? Route optimization & logistics planning Cost savings, faster delivery times, and happier customers? Why Do We Need Supply Chain Visibility? Where do I sign?

Supply chain management 52

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

Bonfire

APRIL 3, 2023

Enterprise Resource Planning (ERP) systems have become an essential tool for complex organizations, but when it comes to procurement in the public sector, they aren’t enough. For many of them, their organizations have invested a lot of time and money in ERP systems that do many things well and are there to stay.

Eprocurement 52

Eprocurement Bidding Strategic sourcing Strategic sourcing 52

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?

Procurement 52

Procurement supply chain software solutions Purchase orders Procurement solutions 52

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. These should provide end users with visibility across their assigned scope. The Solution. Building Robust Analytics Dashboards.

Real-time Visibility 52

Real-time Visibility e2e Contract Contract management 52

Procurement Software

JULY 4, 2023

Digital procurement tools offer buying teams a once-in-a-generation opportunity. What is digital procurement? Digital procurement is a process where technology is used to streamline the procurement process, both operational and strategic. What is procurement tech? It can also provide real-time data and analytics.

Supply Chain Efficiency 52

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

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.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Empowering CPO

JUNE 14, 2023

Brief Overview of Procurement Welcome to our deep dive into the world of procurement. But before we venture into the depths of innovation in this field, let’s first establish what procurement really is. This is especially true in procurement, where the landscape is rapidly evolving. Introduction A.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Empowering CPO

JULY 5, 2023

Introduction In the globalized and rapidly evolving business landscape of the 21st century, the strategic importance of procurement cannot be overstated. However, procurement can also be complex, time-consuming, and fraught with challenges. However, procurement can also be complex, time-consuming, and fraught with challenges.

Management 52

Management Procurement Real-time Visibility Ethics 52

Arkestro

JULY 25, 2022

Procurement ESG programs have taken center stage over the last couple of years, as more and more countries are committing to climate legislations. . A big part of the answer to ESG governance is through digital transformation and the adoption of a data-driven procurement ESG program. . A perfect real-world example is Tesla.

Data 52

Data Procurement Real-time Visibility Sustainability 52

HICX

DECEMBER 15, 2022

For this episode of the Supplier Experience Live Podcast, we were joined by David Yarkin , Founder and CEO of Procurated , and a former CPO. David is a procurement practitioner who has spent nearly twenty years working in a number of organizations both in the public and private sectors. Digital transformation in procurement.

Procurement 52

Procurement supply chain software solutions Real-time Visibility Suppliers 52

Supply Chain Game Changer

MAY 12, 2021

Featuring Our 12 Best Procurement Articles! You put time, energy, focus, and emotion into a negotiation, so naturally, you want to come out feeling as if you’ve done a good job, get a good price, or ‘won’. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. We negotiate on a daily basis.

Negotiation 69

Negotiation Buyers Bidding Collaboration 69

Procurement Software

JULY 18, 2023

When you think of the best purchasing software solutions for SMEs, or procurement tech in general, you probably think “expensive” This list of 15 procurement tools specifically targeted to smaller and growing businesses will prove it’s not so. It gives you full visibility of your spend data, all in one place.

Purchasing 52

Purchasing Contract Negotiation Real-time Visibility 52

Claritum

MAY 2, 2019

Claritum Article - Procurement Blog. Key transactional areas of Procurement. Strategic focus areas of Procurement. If your procurement team is spending over half their time on transactional activity, what opportunities are they missing? 2 Key transactional areas of procurement. Introduction. 1 Introduction.

Real-time Visibility 44

Real-time Visibility Procurement Purchase orders Eprocurement 44

Supply Chain Collaborator

AUGUST 2, 2019

Unless you’re running very regular procurement events to update rates in all your lanes, you may still be paying more for contracted freight that you would if you booked loads on the spot market! Freight demand isn’t far off last year’s high levels, but rates have been sinking.

Strategy 69

Strategy Real-time Visibility Contract Bidding 69

Procurement Software

MARCH 11, 2022

But Procurement plays a vitally important role to plug the holes in the bucket, stopping the leakages from all of that new revenue that our Sales colleagues are generating. Many categories or contracts have never been interrogated by a procurement professional. Procurement technology providers have recently caught on to this.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

But Procurement plays a vitally important role to plug the holes in the bucket, stopping the leakages from all of that new revenue that our Sales colleagues are generating. Many categories or contracts have never been interrogated by a procurement professional. Procurement technology providers have recently caught on to this.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Supply Chain Game Changer

JANUARY 12, 2021

All of this, and more, has caused to me consider that this is a very important, very real, and very prevalent issue. With all of the daily pressures in Supply Chain in can be easy to forget that these vulnerabilities are real, are most likely imminent, and need our attention now to prevent either occurrence or recurrence.

Supply chain 57

Supply chain Real-time Visibility Supply Inventory 57

Claritum

MAY 20, 2019

Claritum Article - Procurement Blog. Procurement automation should speed up processes and free employees from repetitive time-consuming administration. In procurement a high percentage of jobs and processes are repetitive which makes them ideal for automation. So how can you automate procurement effectively?

Procurement 32

Procurement Real-time Visibility Eprocurement Bidding 32

Zycus Cognitive Procurement

NOVEMBER 29, 2022

In good times, operating leverage (ratio of fixed and variable costs) can supercharge profit growth. However, in times of growth, new costs and expenses also tend to creep in, and over time, these costs harden and morph into fixed cost structures. You may provide better demand visibility to the vendor partner.

Strategy 52

Strategy Real-time Visibility Contract e2e 52

Supply Chain Game Changer

DECEMBER 18, 2019

By automating business processes, such as transportation, materials management, invoice/PO, bid, project management, firms improve efficiencies, reduce errors and admin time, increase productivity, and speed cash-to-cash cycle.

Collaboration 60

Collaboration Networking Supply Chain Efficiency Real-time Visibility 60

Arkestro

AUGUST 1, 2022

For the longest time, the procurement scale has tipped in favor of the buyer. The supplier relationship management dynamic has changed, with procurement processes becoming increasingly supplier-centric. The supplier relationship management dynamic has changed, with procurement processes becoming increasingly supplier-centric.

Supplier relationship management 52

Supplier relationship management Suppliers Management Buyers 52

Claritum

MAY 11, 2018

Claritum Article - Procurement Blog. Your business could struggle to achieve visibility of its global supply chain. Without good visibility, maximising the benefits from global sourcing is impossible, as it is impossible to track exactly how much is being spent. Do you have visibility of a global supply chain?

Global sourcing 32

Global sourcing Sourcing Chief Procurement Officer Real-time Visibility 32

The Thomas Blog

JUNE 22, 2022

Some buyers only work with manufacturers or suppliers that have specific certifications , so make sure they're visible and up to date. Knowing what each of those interested parties needs can help you speak their language more effectively — and give you more chances to be in the right place at the right time when they’re considering suppliers.

Buyers 64

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

Claritum

JANUARY 25, 2019

Claritum Article - Procurement Blog. The level of understanding of procurement automation within a company influences significantly the adoption. There are many benefits for SMEs adopting Procurement automation. Including: Better Cash Flow associated with payments and inventory management. Shorter order cycle times.

Supply chain management 36

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

Claritum

JULY 11, 2018

Claritum Article - Procurement Blog. To make effective decisions about indirect spend, it is important to understand the scope and breadth of the category – visibility. In this case there is a need to capture the data in real time in the first instance. Introduction. Understanding Indirect Spend. Introduction.

Real-time Visibility 36

Real-time Visibility Category management Purchasing Contract 36

Claritum

JULY 11, 2018

Claritum Article - Procurement Blog. To make effective decisions, It is important within any spend category to understand the scope and breadth of the category – visibility. In this case there is a need to capture the data in real time in the first instance. Introduction. Understanding Indirect Spend. Introduction.

Real-time Visibility 32

Real-time Visibility Category management Purchasing Contract 32

Claritum

JULY 31, 2018

Claritum Article - Procurement Blog. Should a supplier be visible before they become a preferred supplier? Typically, on Indirect Spend, suppliers can be engaged by users; how should these suppliers be viewed and handled by Procurement and other users? Introduction. This article focuses on effective supplier management.

Suppliers 42

Suppliers Management Real-time Visibility Supplier relationship management 42

ivalua

NOVEMBER 29, 2021

Lifted from their latest webinar, Jean-Baptiste Anne from Amazon Business and Vishal Patel from Ivalua offer insights into tail spend management programs and the ROI these programs can generate for procurement teams. . Lack of control or visibility into what is being spent and with which suppliers. Tail Spend Challenges.

Buyers 130

Buyers Real-time Visibility Procurement team Purchasing 130

Bonfire

MARCH 29, 2022

At Bonfire, we get to work with hundreds of public procurement professionals every day. On March 15, we brought together procurement professionals from crown corporations across Canada for a virtual roundtable discussion. What general policies do crown corporations follow when it comes to procurement, POs, and contracts?

Procurement 52

Procurement Real-time Visibility Eprocurement Bidding 52