World of Procurement blog

APRIL 23, 2024

Supplier Management Systems: Assist in managing supplier relationships, evaluating supplier performance, and ensuring compliance. 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

Supply Chain Collaborator

SEPTEMBER 14, 2018

TMS solutions and associated logistics IT tools are a critical part of any successful volume shipper’s supply chain risk management plan. TMS Solution: Competitive Bidding Environment for Spot Market Quoting in TMS. Yet, that doesn’t mean shippers must pay more than they absolutely have to.

Competitive bidding 79

Competitive bidding Logistics Bidding Risk management 79

Una

APRIL 23, 2024

Demand forecasting & inventory optimization Can we finally bid goodbye to overstocked warehouses and disappointed customers? Machine learning can act as a proactive risk manager, sounding the alarm on potential risks and enabling you to take preventive measures before they turn into full-blown crises.

Supply chain management 52

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

Empowering CPO

DECEMBER 3, 2020

If the supplier is offering inconsistent prices, suspiciously high prices or there is a huge difference in price of winning bid and other bids, surprisingly similar prices between bids, fewer bids for a particular market or suspicious subcontracting agreements, then it should trigger an alarm for you. Contact us today.

Chief Procurement Officer 52

Chief Procurement Officer Bidding Strategic sourcing Strategic sourcing 52

Supply Chain Game Changer

AUGUST 17, 2021

Supply Chain Risk Management is a Cirque Du Soleil Calibre Act! Consider for just a moment trying to communicate with someone in China who speaks very little English yet had the lowest and most cost-effective bid on the parts they will manufacture. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

Supply chain 105

Supply chain Supply Inventory Bidding 105

Spend Matters

AUGUST 16, 2023

Growing concerns over geopolitical risks and supply shortages are raising the expectations for supplier risk management. We augment and enrich customers’ data with historical performance, cost and service levels, ESG capabilities, risk and more.

Procurement 88

Procurement Procurement team Buyers Risk 88

ivalua

APRIL 8, 2021

Solutions that unify supplier records and combine 3 rd party, supplier provided and internal data provide accurate view of supplier risk. By including sub-tier risk and enabling visualization at a category level, you can improve your risk management.

Suppliers 130

Suppliers Risk Bidding Strategy 130

Arkestro

SEPTEMBER 19, 2023

Generative AI through autonomous sourcing will focus on risk management, process automation and decision making. In one day, Holman experienced 7% savings, eventually saving $202,000 in the first bid cycle alone. Through Predictive Execution , we utilize past buying patterns to break down your spend and PO volume over time.

Sourcing 52

Sourcing supply chain budgeting Procurement Bidding 52

Procurement Tactics

OCTOBER 18, 2022

ProcureWare is an e-procurement system that offers sourcing, contract management, and supplier management functionalities. It enables companies to perform improved online bidding tasks, contract administration, reporting, risk management, and document management.

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

Value Match

AUGUST 25, 2022

Bid Management. Value Match have covered mitigating supply chain risk management in the wake of global food shortages earlier this year. As both the public and private sector organisations grapple with the associated risks, what more can be done to combat climate change? Categories. Best Practice Guides.

Procurement 72

Procurement Procurement strategies Bidding Supply chain 72

Supply Chain Collaborator

AUGUST 30, 2018

Carrier contract/bid management. Risk management capabilities. Integrated freight management services. Access to multiple public and private bid boards to assess capacity. Her TMS solution wish list includes: End-to-end execution. Connectivity. Ease of use. Security and support. Item visibility.

e2e 81

e2e Bidding Logistics Influencing 81

Procurement Templates

NOVEMBER 11, 2022

In-Scope Organisations should ensure that any apprenticeship and/or skills commitments contained in the bid, for example, the number of new apprenticeships the bidder commits to creating in performance of the contract, are subsequently included in contracts. • KPIs should measure compliance against the tender / contract measures.

Procurement 130

Procurement Contract Supply Chain Efficiency Bidding 130

Empowering CPO

FEBRUARY 20, 2023

After receiving the responses (pre-bids) it was realized that most of the vendors did not quote for all the SKUs within one specific lot. As a part of this process, the lots were created on the basis of delivery location. Each lot included all the SKUs which were to be delivered to that specific location.

Strategy 52

Strategy Cost of ownership Strategic sourcing Strategic sourcing 52

Arkestro

SEPTEMBER 29, 2023

Likewise, automotive company Holman Enterprises saw 7% savings in just one day of using predictive procurement software, and Bel Brands used strategic sourcing software to achieve a 10% cost savings on its final bid. Data-Driven Insights Advanced procurement software generates actionable insights from data analytics. Have some extra time?

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement Supply Chain Optimization 52

Value Match

FEBRUARY 23, 2023

The Environmental Agency has set out it’s own risk management strategy to support the nation for flooding and coastal changes. Below are some examples: Conduct a supply chain risk assessment : Procurement teams can start by assessing the risks associated with sea level rise, including the impact on operations and infrastructure.

Procurement team 52

Procurement team supply chain software solutions Supply chain resilience Risk 52

ivalua

JANUARY 21, 2020

The next level of risk management might include identifying and tracking subcontractors and second tier suppliers as well as general contractors/first tier suppliers. Transparency : The public needs as much visibility into public sector procurement as possible, and that includes suppliers who may wish to bid for city/county contracts.

Procurement 100

Procurement Eprocurement Suppliers Bidding 100

Una

SEPTEMBER 21, 2023

Competitive bidding Encouraging suppliers to compete for your business through competitive bidding processes can result in more competitive pricing and better terms. It involves identifying and mitigating potential risks and inefficiencies in the procurement process.

Competitive bidding 52

Competitive bidding Ethics Supply Chain Optimization Strategy 52

Value Match

JUNE 27, 2022

Bid Management. Procurement teams can support the catering provision by managing their supply chain and risk management. Categories. Best Practice Guides. Case Study. Circular Economy. Community Story. Contract for Change. Environment and Climate. Equality and Inclusion. Government Buying Standards. Legislation.

Contract 52

Contract Suppliers Procurement team Quality 52

Procurement Templates

MARCH 3, 2024

Risk Management : Market intelligence helps in identifying and mitigating various risks associated with procurement, such as supply chain disruptions, price volatility, geopolitical instability, and regulatory changes.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Zycus Cognitive Procurement

JANUARY 12, 2021

3] Astute Contract Risk Management. Contract management plays an essential role in maintaining an effective and competitive supply chain. This can be done by identifying risks posed by the contract and include terms and conditions. This will help protect one from any impending threat of monitory loss.

Contract 52

Contract Sourcing Chief Procurement Officer Contract management 52

Una

NOVEMBER 29, 2023

Strategic sourcing Invest in strategic sourcing by thoroughly analyzing your organization’s procurement needs and identifying opportunities for cost savings, quality improvements, and risk mitigation. This may involve seeking out new suppliers, optimizing supplier portfolios, and conducting competitive bids.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supplier relationship management Strategic sourcing 52

SCMDOJO

DECEMBER 11, 2023

Compliance and Risk Management: Regulatory Compliance: Ensures suppliers adhere to relevant regulations and compliance standards. Risk Mitigation: Identifies and addresses potential risks associated with the supplier’s performance. Download Free Bid Analysis Report 8.

Supply Chain Efficiency 16

Supply Chain Efficiency Purchase orders Procurement Bidding 16

Empowering CPO

MAY 4, 2023

Contract management systems: Solutions that store, organize, and manage procurement contracts in a centralized repository. E-sourcing tools: Platforms that facilitate online bidding and negotiation, streamlining the supplier selection process.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Procurement Software

NOVEMBER 14, 2023

Business spend management suites, including SAP Ariba and Coupa software, offer marketplaces with App-Store like functionality. From the outside, it appears to be a bid by SAP Ariba, Coupa and other legacy Procure-to-Pay and Source-to-Contract suites to maintain their relevance.

supply chain software solutions 52

supply chain software solutions Spend management Agile and Lean Supply Chain Risk 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. It now plays a crucial role in cost savings, risk management, and value creation for organizations.

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.

Management 52

Management Procurement Real-time Visibility Ethics 52

Una

JUNE 15, 2023

If you start here and get this right, this provider could even help manage the rest of your procurement outsourcing for you. Request for Proposal (RFP) management: Creating RFPs and managing the time-consuming RFP process to solicit bids from suppliers.

Procurement 52

Procurement Supplier relationship management Procurement team Contract 52

Procurement Software

JUNE 13, 2023

The platform also allows for the design of custom bid sheets, as well as the use of templates. You can compare bids using insights automatically extracted from your normal day-to-day work, combined with vast publicly available resources. Archlet also offers procurement scenario modelling (IFTTT) and data-guided negotiations.

supply chain software solutions 52

supply chain software solutions Contract management Contract Sourcing 52

Procurement Software

FEBRUARY 27, 2024

Whereas on the other hand, your ERP system can only really handle a typical 3-bids-and-a-buy scenario. S2P suites enable procurement teams to conduct strategic sourcing events for more complex requirements. You won’t need to do the analysis offline in email and Excel, as you would with ERP systems.

Sourcing 52

Sourcing Contract management Price Procurement 52

Claritum

MAY 2, 2019

However, Procurement is also driving or a key player in: Environmental impact analysis (risk management). Ethical checks and assurances (risk management). Identification and risk analysis for Global economic factors (trade wars, Government interventions…). Supplier Management.

Real-time Visibility 44

Real-time Visibility Procurement Purchase orders Eprocurement 44

Planergy

SEPTEMBER 2, 2022

How better management in AP can give you better flexibility for cash flow management. Best Practices & Tips Governance Risk Management & Compliance (GRC) Invoice Processing. Ways to spot procurement fraud include consistently mismatched invoices, unusually low bids, and employee/vendor relationships.

Risk 52

Risk Purchasing Risk management Vendor relationships 52

Supply Chain Game Changer

JANUARY 9, 2019

Each of these nine steps of the tactical purchasing process should be known inside and out: Determining a need Communicating the need Reviewing the need Finding potential suppliers Conducting bidding and/or negotiation Selecting a supplier Formalizing the commitment Following up Closing out the transaction. What is risk management?

Procurement 68

Procurement Purchasing Negotiation supply chain software solutions 68

NLPA (Next Level Purchasing Association)

DECEMBER 10, 2021

Not having a phasing plan in the bid documents when the site work has to be done in phases. Lack of proper planning and management of the project. Poor bidding. Below is a list of common delay causes encountered on construction projects: Errors and omissions in the contract documents. Missing information. Scope changes.

Contract 52

Contract Bidding Contract management Sourcing 52

The Good Spending

AUGUST 23, 2022

It assumes that the winning bid includes solid commercials and non-material benefits, e.g., improvements in end-user experience. Risk management is the future of the procurement profession, alongside relationship management. Value-based procurement Another concept where "value" and "procurement" form the title together.

Procurement 98

Procurement supply chain budgeting Supply Chain Optimization Budget 98

Spend Matters

JUNE 21, 2023

apexanalytix apexanalytix, a global supply chain risk management solution, acquired ESG Enterprise in March 2023 to solidify and cement its offering. Its vendor lifecycle covers vendor onboarding, risk management, monitoring and vendor base knowledge management. There are four main modules.

Management 55

Management Supply Chain Efficiency Data Collaboration 55

Procurement Software

MARCH 11, 2022

Third party risk management. Contract lifecycle management. It’s therefore a fair assumption that if you remove these non-value added tasks, you will allow the Procurement Manager to deliver a third more value to the business. Competitive bidding for €10k worth of one-time spend. Supplier innovation.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Empowering CPO

JUNE 22, 2023

Supplier diversity ensures a broad spectrum of suppliers, which includes businesses owned by minorities, women, veterans, and others, get a fair chance to bid for and secure contracts. Risk Management: By providing a clear view of all spend, this analysis can help identify risks associated with supplier dependency or market volatility.

Suppliers 52

Suppliers Supply Chain Efficiency supply chain budgeting Data 52