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

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. Best Supplier recommendations .

Sourcing 52

Sourcing Real-time Visibility Procurement Buyers 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

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. Limited supplier reach: ERP systems don’t go far enough when it comes to reaching and managing suppliers. Here are the specific areas where they tend to fall short: 1.

Eprocurement 52

Eprocurement Bidding Strategic sourcing Strategic sourcing 52

Supply Chain Game Changer

OCTOBER 24, 2022

In most cases, it refers to inventory problems that occur due to miscommunication between organizations in a supply chain. For example, when one organization changes inventory, the suppliers may be unaware of the changes and hold onto more inventory than necessary. Increased visibility. Planning and purchasing.

Real-time Visibility 76

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

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.

Real-time Visibility 40

Real-time Visibility Procurement Contract management Bidding 40

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’. A “100-page-plus document was filled with “supplier shall” statements that detailed FedEx’s obligations and outlined dozens of metrics for how Dell would measure success.

Negotiation 69

Negotiation Buyers Bidding Collaboration 69

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

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

JULY 25, 2022

A perfect real-world example is Tesla. Set target goals to show improvement over time. Tracking and reporting are not just important at the individual supplier level. The procurement team should be able to report on ESG scores based on spend categories and sub-tier suppliers. This is a strength of Arkestro.

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. After gaining experience, David went on to establish his own business, Procurated , which connects public sector buyers with peer-reviewed suppliers. However, this approach had its flaws.

Procurement 52

Procurement supply chain software solutions Real-time Visibility Suppliers 52

Procurement Software

MARCH 11, 2022

Yes, Supplier Relationship Management (SRM) , supplier partnerships, and deeper collaboration with core vendors will deliver ongoing value over the long term and are an absolutely essential piece of ammo in every large organisation’s arsenal. This can usually range from suppliers with an annual spend below $100k to $1 million.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

Yes, Supplier Relationship Management (SRM) , supplier partnerships, and deeper collaboration with core vendors will deliver ongoing value over the long term and are an absolutely essential piece of ammo in every large organisation’s arsenal. This can usually range from suppliers with an annual spend below $100k to $1 million.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

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

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. Be Where Buyers Search For New Suppliers. These people are all about the bottom line, so show them how you’re the best choice — even if you’re not the lowest bid. Capabilities.

Buyers 64

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

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? Supply chain visibility is poor. %.

Global sourcing 32

Global sourcing Sourcing Chief Procurement Officer Real-time Visibility 32

Claritum

MAY 2, 2019

If your procurement team is spending over half their time on transactional activity, what opportunities are they missing? Perhaps, opportunities to drive profitability within your organisation; develop environmental or ethical initiatives; or engage with suppliers to develop stronger business relationships? Supplier Management.

Real-time Visibility 44

Real-time Visibility Procurement Purchase orders Eprocurement 44

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. Do you need to improve supplier relationships?

Management 52

Management Procurement Real-time Visibility Ethics 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. Real-time financial purchasing information for management decisions. Shorter order cycle times.

Supply chain management 36

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

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. Suppliers are calling the shots. Supplier Frustrations. trillion.

Supplier relationship management 52

Supplier relationship management Suppliers Management Buyers 52

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. Take a look at how procurement teams will meet ESG goals in 2024: Technology and supplier intelligence. Sustainable bidding. Competitor analysis.

supply chain budgeting 52

supply chain budgeting Supply chain resilience Procurement Supply Chain Optimization 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. Are new suppliers being recommended to receive business?

Real-time Visibility 52

Real-time Visibility e2e Contract Contract management 52

ivalua

NOVEMBER 29, 2021

Lack of control or visibility into what is being spent and with which suppliers. Extra work processing supplier invoices, creating higher costs. Delays in paying suppliers as they cannot be matched with an order or an initial requestor. Poorly utilized preferred suppliers with negotiated pricing. Who purchased it.

Buyers 130

Buyers Real-time Visibility Purchasing Procurement team 130

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. To help you meet yours, we’ve compiled a list of 22 essential procurement KPIs that fall into three business categories: suppliers, staff, and operational.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 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

FEBRUARY 13, 2023

Procurement is the process businesses use to source and obtain goods/services from external suppliers to achieve strategic objectives and fulfill business needs or purchase requests. In this stage of the process, multiple departments collaborate to address capability requirements, design, technology, and, most importantly, time and cost.

Real-time Visibility 52

Real-time Visibility e2e Procurement Bidding 52

Pipefy

NOVEMBER 24, 2023

Procurement solutions encompass a wide range of specific functions due to the many aspects of the procurement process, including purchase requests centralization, procure-to-pay, sourcing, budget management, supplier management, and forecasting. What are e-procurement tools? The features of these solutions can vary widely.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency e2e 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.

Real-time Visibility 52

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

Pipefy

JUNE 15, 2023

The benefits of cloud procurement generally include: Cost savings Accessibility Process transparency Efficiency Automation Scalability Better supplier management and regulatory compliance Cost savings The reduction in operating costs is one of the biggest advantages in switching to a cloud-based procurement system.

Procurement 52

Procurement supply chain software solutions Purchase orders Procurement solutions 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. We also discussed the strategy of reverse auctions in which suppliers compete to offer the lowest price possible.

Procurement 52

Procurement Real-time Visibility Eprocurement Bidding 52

Procurement Software

JULY 18, 2023

We also touch on a few more niche solutions for SMEs, for example project management software, supplier intake, accounts payable automation, “build-a-bot”, as well as a negotiation planning guidance tool. It gives you full visibility of your spend data, all in one place. The platform consists of four modules.

Purchasing 52

Purchasing Contract Negotiation Real-time Visibility 52

Supply Chain Game Changer

JANUARY 12, 2021

Very early on in my career an associate of mine was fired because he was found to be taking kickbacks from packaging suppliers to whom he had been preferentially and inappropriately been giving business. All of this, and more, has caused to me consider that this is a very important, very real, and very prevalent issue. Infographic).

Supply chain 57

Supply chain Real-time Visibility Supply Inventory 57

Claritum

JULY 31, 2018

This article focuses on effective supplier management. The five pillars of effective supplier management covered in this article are: Supplier Information Management. Supplier Lifecycle Management. Supplier Performance Management. Supplier Risk, Diversity and Compliance Management.

Suppliers 42

Suppliers Management Real-time Visibility Risk 42

Claritum

MAY 20, 2019

Procurement automation should speed up processes and free employees from repetitive time-consuming administration. How would they like to be able to communicate requirements and evaluate bids? Common problems, in the procurement process, that can be fixed by automation include: the approval process is manual and time consuming.

Procurement 32

Procurement Real-time Visibility Eprocurement Bidding 32

Procurement Software

JULY 4, 2023

It can help organisations reduce costs, optimise supplier relationships and increase compliance. It also provides real-time data and analytics that can be used to improve purchasing decisions. It can also provide real-time data and analytics. It is easy to integrate with existing systems and applications.

Supply Chain Efficiency 52

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

Claritum

JULY 11, 2018

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. In this case there is a need to capture the data in real time in the first instance.

Real-time Visibility 36

Real-time Visibility Category management Purchasing Contract 36