ivalua

JUNE 11, 2019

At some point, there was a need for this, a solicitation process to select a supplier, a competitive bidding process, a contract negotiation, transactions and so on. For the longest time, leading Procurement technology providers in my experience just ignored this space.

Procurement 169

Procurement Real-time Visibility e2e Competitive bidding 169

World of Procurement blog

APRIL 23, 2024

Sourcing Software: Helps companies find and acquire goods and services by managing RFQs (Request for Quotations) and bidding processes. Businesses leverage procurement technology for: Automating Manual Processes: From issuing purchase orders to processing invoices, automation reduces errors and saves time.

Procurement 52

Procurement Supply Chain Efficiency Real-time Visibility Purchase orders 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

Supply Chain Collaborator

OCTOBER 30, 2018

UltraShipTMS Technology Unleashes the Power of Competitive Bidding to Drive Freight Spend Down and Increases Access to Scarce Truckload Capacity. Once tenders are submitted, a shipper enjoys real-time visibility into all the bids proffered by participating respondents. savings on expedited freight costs.

Competitive bidding 60

Competitive bidding Bidding Real-time Visibility Data 60

Supply Chain Game Changer

OCTOBER 24, 2022

Without an ERP system, you don’t have visibility into your entire supply chain. In a bid to keep productivity and reduced supply chain difficulties, the following are ways you can manage the bullwhip effect with an ERP system. You know there will be demand for it, and it takes time to build up inventory.

Real-time Visibility 76

Real-time Visibility supply chain budgeting supply chain software solutions Inventory 76

Bonfire

APRIL 3, 2023

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. There’s often little visibility into supplier performance and risk, limited supplier collaboration and communication, and little or no ability to manage supplier contracts and agreements.

Eprocurement 52

Eprocurement Bidding Strategic sourcing Strategic sourcing 52

World of Procurement blog

MAY 8, 2024

Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. The procurement team manages the order, monitors quality, ensures on-time delivery, processes invoices, and handles any issues that arise during fulfillment. Stakeholders : Procurement involves multiple internal stakeholders across the organization.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

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

Zycus Cognitive Procurement

FEBRUARY 8, 2022

To enable procurement teams to be more strategic, firms must put AI at the center of their arsenal and use it to assist with forecasting demand trends, optimizing bids for estimated savings, calculating supplier scores based on negotiated contract terms, monitoring budget performance, and much more. 4 ) AI-powered Contract Management :

Real-time Visibility 40

Real-time Visibility Procurement Contract management Bidding 40

Procurement Heads

AUGUST 2, 2023

Additionally, it felt like the right time for a new challenge, as I had spent nearly 24 years with my previous employer. The transformation initially focused on restructuring the team and emphasising the importance of providing an excellent service to our projects and bids, as fundamentally we are a project-based business.

Supply chain 130

Supply chain Real-time Visibility Sustainability Procurement strategies 130

Supply Chain Collaborator

AUGUST 2, 2019

One way large shipping organizations are achieving the dual goal of keeping abreast of market rates in real time and yielding impressive cost savings to protect profitability involves the use of a powerful and award-winning technology. The UltraShipTMS Spot Quote Automation tool does much more than the name might suggest.

Strategy 69

Strategy Real-time Visibility Contract Bidding 69

Supply Chain Game Changer

MAY 12, 2021

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’. Dell’s attempts to lower costs, including bidding out the work three times during the eight-year relationship, ate into FedEx’s profits. Time, Money, or Things.

Negotiation 69

Negotiation Buyers Bidding Collaboration 69

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

The Thomas Blog

APRIL 12, 2024

By continuously testing and optimizing campaign elements such as subject lines, email design, send times, and CTAs, you’ll improve performance and effectiveness. Share valuable content, participate in relevant groups, and engage with prospects' posts to build your network, visibility, and credibility.

Strategy 52

Strategy Real-time Visibility Networking Buyers 52

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

Claritum

MAY 11, 2018

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? Do you have visibility of a global supply chain?

Global sourcing 32

Global sourcing Sourcing Chief Procurement Officer Real-time Visibility 32

Procurement Software

MARCH 11, 2022

Below are 5 ideas of ways to extract real savings from your tail spend while improving your overall purchasing governance. Implement a competitive bidding policy. One time purchases (such as project spend) can take up a lot of procurement time. Having a threshold for competitive bidding facilitates two possible benefits.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

Below are 5 ideas of ways to extract real savings from your tail spend while improving your overall purchasing governance. Implement a competitive bidding policy. One time purchases (such as project spend) can take up a lot of procurement time. Having a threshold for competitive bidding facilitates two possible benefits.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

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

Supply Chain Collaborator

JUNE 20, 2016

Look for TMS solutions that offer integrated online portals for all users to access order, shipment status and other critical information providing a centralized repository for real-time views into inbound and outbound freight. This makes planning the landed cost of freight movements more predictable and stable over time.

Sustainability 60

Sustainability Logistics Supply Chain Efficiency Real-time Visibility 60

Arkestro

JULY 25, 2022

A perfect real-world example is Tesla. Set target goals to show improvement over time. Arkestro is able to include ESG factors like supplier diversity as part of the bidding process. You get visibility into your gaps so that you can develop a new plan and roadmap to achieve sustainability and ESG goals.

Data 52

Data Procurement Real-time Visibility Sustainability 52

Claritum

MAY 2, 2019

If your procurement team is spending over half their time on transactional activity, what opportunities are they missing? As, whilst Procurement professionals are deeply involved in transaction related activities, they do not have time to effectively address this second list. Key transactional areas of Procurement. 1 Introduction.

Real-time Visibility 44

Real-time Visibility Procurement Purchase orders Eprocurement 44

HICX

DECEMBER 15, 2022

And yet, the process allowed this company to be picked because it didn’t provide visibility to the procurement people about that supplier’s poor track record in the past.” . I think that we’re actually experiencing, and we’ll continue experiencing, that accelerated pace of real transformation.”.

Procurement 52

Procurement supply chain software solutions Real-time Visibility Suppliers 52

Claritum

JANUARY 25, 2019

By automating their business processes in functions such as finance, procurement and goods receiving and automating time-consuming, repetitive tasks SMEs stand to improve productivity which will help them gain competitive advantage. Including: Better Cash Flow associated with payments and inventory management.

Supply chain management 36

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

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. These models are often accompanied by practices such as annual rate contracts, bulk buying, and just-in-time purchasing.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 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. This is where managed procurement services come into the picture.

Management 52

Management Procurement Real-time Visibility Ethics 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 Challenge. The Solution. Building Robust Analytics Dashboards.

Real-time Visibility 52

Real-time Visibility e2e Contract Contract management 52

Supply Chain Brain

APRIL 23, 2018

While that action poses an inconvenience to customers, it gives retailers prior notice and visibility of what’s in the returns pipeline. It also allows them to capture the reason for a return, and in the process do a better job of planning over time for spikes in activity. Even now, there aren’t enough facilities in the U.S.

Logistics 40

Logistics Real-time Visibility Bidding Demand 40

Arkestro

JANUARY 9, 2024

According to Deloitte, the manufacturing industry was in contraction throughout most of 2023 due to challenges like increased lead times, tight labor markets, and rising costs. Sustainable bidding. Another report found that 50% of respondents are investing in AI to improve employees’ use of time and allow for more high-value work.

supply chain budgeting 52

supply chain budgeting Supply chain resilience Procurement Supply Chain Optimization 52

ivalua

NOVEMBER 29, 2021

Lack of control or visibility into what is being spent and with which suppliers. Once you have visibility into your tail spend, you can look at patterns. We need to change the perception of procurement and create a beneficial user experience that lowers risk, reduces time and of course, cost. .

Buyers 130

Buyers Real-time Visibility Purchasing Procurement team 130

Pipefy

FEBRUARY 13, 2023

In this stage of the process, multiple departments collaborate to address capability requirements, design, technology, and, most importantly, time and cost. Purchasing then commences, including bid evaluations, contract negotiation, and the final sale. Procurement vs. acquisition: What’s the real difference? In a word, yes!

Real-time Visibility 52

Real-time Visibility e2e Procurement Bidding 52

Pipefy

MAY 9, 2023

Effective modern procurement requires end-to-end process tracking to both view and control the costs, sourcing, quality, and delivery times associated with acquired goods and services. and allows you plenty of time to find replacement suppliers should the quality or lead times of existing ones diminish.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

Arkestro

SEPTEMBER 29, 2023

We help you save money and time, across all areas of addressable spend. Predictive Procurement Orchestration offers real-time recommendations and can even act on your behalf to ultimately save you time, reduce business risk, and decrease costs so you can find the right supplier at the right price, right now. Let’s talk.

Real-time Visibility 52

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

Empowering CPO

MAY 4, 2023

By effectively managing the purchasing process, companies can better control their expenditures and optimize their supply chain, ensuring the availability of the right products and services at the right time. Greater transparency: Real-time tracking of procurement activities allows for better monitoring and control of the entire process.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Pipefy

NOVEMBER 24, 2023

This process grants transparency and visibility into purchase orders and approvals to a sometimes surprising degree. When properly equipped with the right platforms, procurement teams can achieve benefits such as increased efficiency and productivity, cost savings, better supplier management, and improved process visibility and transparency.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency e2e 52

Bonfire

MARCH 29, 2022

If the amount is over the threshold, sourcing is led by the procurement team, whether through a public bid, NOI, or limited tendering option. Inflation is a real concern for public sector budgets today. Vendors can see each other’s pricing (usually in real time) and try to beat those bids by going lower.

Procurement 52

Procurement Real-time Visibility Eprocurement 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