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Bidding Sourcing supply chain budgeting 
SCMDOJO
APRIL 3, 2025
Global trade is complex, and supply chains are intertwined and interconnected. Supply chain leaders must adapt and use smart strategies to remain competitive. This article explains how to understand US tariffs and lessen their impact on supply chains.
SCMDOJO
DECEMBER 29, 2024
In the vast sea of supply chain information, which SCMDOJO supply chain article truly stands out? Dive into our curated list of the top 12 blogs from 2024 that will elevate your supply chain knowledge and give you a competitive edge. Learn More About Evolution Of Supply Chain Management And Logistics 6.
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ivalua
FEBRUARY 10, 2023
One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. S2P: Where to Start Ivalua provides a comprehensive set of integrated solutions that span the entire Source-to-Pay lifecycle.
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SCMDOJO
FEBRUARY 16, 2025
This leap in AI capabilities is revolutionizing industries, and AI-driven supply chain management is no exception. The Role of Agentic AI in Supply Chains Supply chains are dynamic and complex, requiring continuous decision-making across multiple functions, from procurement and inventory management to logistics and demand forecasting.
Jaggaer
FEBRUARY 5, 2025
Complete Source to Pay cycle and Strategic Sourcing Guide An optimized Source-to-Pay (S2P) process helps businesses enhance procurement efficiency, reduce costs, and improve supplier collaboration. What is Source-to-Pay?
Spend Matters
FEBRUARY 13, 2025
Identifying the need for foundational technology and processes Before joining Utz as its SVP Procurement, Ron had been consulting with the Supply Chain department working on a number of different projects. In addition, the broader supply chain organization was working to implement other new tools and processes.
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ivalua
MAY 30, 2025
AI is reshaping the way organizations source, manage suppliers, and drive value today. As supply chains become more interconnected and risks more dynamic, traditional procurement tools fall short. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle.
130 
ivalua
MAY 30, 2025
AI is reshaping the way organizations source, manage suppliers, and drive value today. As supply chains become more interconnected and risks more dynamic, traditional procurement tools fall short. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle.
130 
Jaggaer
FEBRUARY 5, 2025
Strategic Sourcing Simplified: Best Practices for Maximizing Value Strategic sourcing goes beyond cost savings its about making informed decisions that drive long-term value. A successful approach requires careful assessment of supplier bids, followed by structured onboarding, continuous monitoring, and performance measurement.
Jaggaer
FEBRUARY 5, 2025
What Is Strategic Sourcing? A Complete Guide Strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. It is called strategic because it replaces traditional ad hoc approaches to sourcing, which were almost entirely focused on cost savings, item by item.
Procurement Templates
MARCH 3, 2024
I asked my assistant to help me mock up a strategic sourcing framework and she did a fairly good job but made a few mistakes. A RFQ is used for low cost purchases and a PQQ is typically used for higher cost tenders. Risks may include budget constraints, supply chain disruptions, quality issues, legal compliance, etc.
Procurement Tactics
OCTOBER 18, 2022
SRM is usually used by many supply chain professionals who constantly deal with suppliers in areas such as procurement, project management, and operations. . The SRM aims to ensure buying from reliable suppliers, bring end-to-end visibility of supplier collaboration workflow, and improve the resilience of the supply chain. .
Procurement Insights
MARCH 16, 2025
MCP ensures that previous supplier evaluations, compliance issues, and sustainability scores are factored into ongoing sourcing decisions. Improved Outcome: Procurement teams get context-aware supplier suggestions , reducing risk and improving supplier relationships.
Arkestro
DECEMBER 26, 2024
As the procurement industry and supply chains become more tech-driven and complex, one fact is clear: companies that embrace industry trends will be best positioned to thrive in the challenging procurement landscape of 2025 and beyond. Here are five key trends that will shape procurement and supply chain management in the coming year.
SCMDOJO
JUNE 3, 2025
Come along while we take a look at emerging tech tools and dig deeper into how cost estimation is being transformed into something faster, smarter, and surprisingly budget-friendly. Now you can enjoy stress-free, accurate budgeting. Those sorts of potential cost changes are flagged long before they impact your budget.
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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.
Future Purchasing
FEBRUARY 25, 2025
Public procurement departments are navigating a complex landscape of challenges, including regulatory shifts, inefficiencies, difficulty building resilient supply chains, and an increasing demand for sustainability and transparency. Inflation creates budget pressure, meaning teams must deliver more with less.
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ivalua
FEBRUARY 27, 2023
One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which provide procurement with the tools needed to maximize the value they get from their supplier relationships, automate and streamline processes, and identify opportunities for cost savings. Manufacturers, take charge of your supply chain!
ivalua
DECEMBER 14, 2020
The pandemic wreaked havoc on businesses and their supply chains, but even in these trying times, there’s a silver lining. What we learned about agility and resilience can be applied to future-proof the source-to-pay (S2P) process and help organizations meet any new challenge with confidence.
Procurement Tactics
JULY 13, 2022
The global pandemic and the ongoing war between Russia and Ukraine have disrupted the supply chain. This will allow you to give importance to these functions that will keep your supply chain sustainable. E-sourcing has also become a thing to make transactions faster and easier. . Procurement Today. ENROLL NOW.
130 
Procurement Insights
MAY 3, 2025
Ariba) was niche, and spreadsheets remained standard for supplier data and budgeting. Sourcing Innovation (launched 2006) notes their prevalence. 2007 97% Slight decline as early cloud solutions emerged, but spreadsheets dominated due to familiarity and cost. Strategic Sourceror (2008) cites spreadsheets for sourcing analytics.
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Planergy
FEBRUARY 24, 2025
This involves consulting educators, administrators, and department heads to identify specific needs, performance expectations, and budget constraints. Vendor Selection Rigorous vendor selection processes ensure institutions partner with suppliers who can consistently meet quality, cost, and delivery expectations.
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Arkestro
SEPTEMBER 19, 2023
Resources / Blog / Autonomous Sourcing Leads to Better Procurement Outcomes Autonomous Sourcing Leads to Better Procurement Outcomes The only ubiquitous thing about sourcing and procurement in 2023 is that there is no one-size-fits-all model for success. However, with great challenges also come great opportunities.
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Procurement Tactics
JULY 14, 2022
Almost all professionals in supply chain and procurement know that it is part of the huge procurement process. A procurement tender is a document that the supplier needs to complete when bidding for a contract. . The organization does this to source for the suppliers that best match their requirements to provide their needs.
130 
SCMDOJO
DECEMBER 11, 2023
This fosters stronger collaborations, encourages accountability, and ensures a more reliable and resilient supply chain. These reports are vital to optimize the overall efficiency and effectiveness of an organization’s supply chain function. Download Free Supplier Performance Report 3.
Jaggaer
APRIL 9, 2025
Seamless integration with ERP and supply chain systems: MES synchronizes manufacturing operations with business planning, inventory management, and customer demand. Together, an ERP and an MES create an integrated network that provides a holistic view of finance, procurement, supply chain management, manufacturing logistics etc.
TYA Suite
JUNE 2, 2025
From raw materials for manufacturing to office supplies or software subscriptions, these purchases keep the business moving. But purchasing is more than just placing orders, it's a structured process that ensures the right items are bought, from the right sources, at the right price, and at the right time.
40 
Procurement Tactics
AUGUST 30, 2022
Through electronic procurement, organizations can set guidelines or limits regarding the budget and spending within the platform. . Since electronic procurement is an online business platform, it utilized networked systems and web interfaces for supply chain processes and operations. E-sourcing. Editor's note: Hi there!
130 
Planergy
AUGUST 8, 2023
How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. 6 Types Of Procurement Methods There are six commonly used procurement methods used when sourcing and evaluating suppliers for procurement. It also requires objective evaluation measures to ensure accurate bids.
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Procurement Tactics
JUNE 7, 2023
Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts → Or receive our famous weekly newsletter Purchase Price Variance — Everything You Should Know Purchase price variance is an important factor for budget preparation, but why? CERTIFICATE COURSES Related courses about this subject 1.
130 
Procurement Software
MARCH 7, 2023
Procure-to-Pay (P2P) and Source-to-Pay (S2P) are not just fancy acronyms used by consultants, procurement and finance professionals. Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. What steps are involved in Source-to-Pay?
64 
The Good Spending
AUGUST 23, 2022
This post attempts to provide the most comprehensive view on procurement value and practical methods of its realizations compared to many other web sources replicating slogans and mystifying logical and straightforward concepts. Cost avoidance Future years. If you managed to fully or partially waive it, then it's cost avoidance.
98 
Una
MARCH 6, 2023
Innovation” can simply mean finding smarter ways to do things by tweaking a process, removing waste, or speeding up time-to-source. How to innovate: Identify the most manual and time-consuming part of your sourcing cycle, look at the solutions available, automate it , and move on to the next.
98 
Arkestro
AUGUST 22, 2023
Resources / Blog / The Power of Predictive Procurement Orchestration for Food & Beverage Supply Chain The Power of Predictive Procurement Orchestration for Food & Beverage Supply Chain Food and beverage procurement professionals have had their work cut out for them during the last few years.
World of Procurement blog
MAY 8, 2024
It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. Purchasing's value-add is more limited.
TYA Suite
JANUARY 27, 2025
The real estate industry, characterized by intricate processes and substantial investments, constantly seeks ways to enhance efficiency, reduce costs, and ensure timely project completion. This comprehensive solution streamlines procurement activities, improves and provides transparency across the entire supply chain.
Supply Chain Game Changer
NOVEMBER 22, 2018
Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? Some of the first-hand areas from small to large organizations have been: An $8 billion global company has been placing all items for bid each year to realize cost savings. Landgraf, CEO at Above the Standard ( [link] ). Another $1.5
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.
TYA Suite
SEPTEMBER 25, 2024
Sourcing is a critical component in attaining operational excellence and propelling organizational success in today’s ever-changing business landscape. This in-depth guide explores the its foundations, and how e-sourcing is transforming acquisition tactics.
Jaggaer
DECEMBER 4, 2018
Why You Should Consider Freight Procurement Sourcing Solution. Customers who work with logistics providers who automate these processes reap the benefits by being assured their logistics partner is maximizing their capacities and managing costs with technology. The Challenges of Freight. It’s Time to Catch Up.
Una
OCTOBER 9, 2023
How to Implement a Strategic Sourcing Process A play-by-play manual showing how to implement a strategic sourcing process that aligns with your organization’s goals, optimizes spend, and creates long-term value. At its core, strategic sourcing formalizes the process of finding, assessing, and choosing suppliers.
Procurement Software
DECEMBER 5, 2022
Procure-to-Pay (P2P) and Source-to-Pay (S2P) are not just fancy acronyms used by consultants, procurement and finance professionals. Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. What steps are involved in Source-to-Pay?
52 
Supply Chain Collaborator
MAY 23, 2018
Supply chain management leaders, especially in transportation, are under heavy fire from CFOs for the dramatic increases in freight spend that are eroding the profitability of shippers in every industry. Reduce Carrier Overcharges via Better Settlement Controls. What the hell is going on over there in transportation?!”
SCMDOJO
FEBRUARY 13, 2023
To get the most out of any procurement team, all the associated key roles need to be filled with qualified individuals that understand both technology and the principles of supply chain management. Negotiates cost-effective contracts with suppliers while following organizational policies and guidelines.
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