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. The job of sourcing professionals is to understand the risk in the supply chain and manage it so they can react quickly when a problem occurs.” Data silos also inhibit agility, Keeley said. “As

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Procurement 130

ivalua

DECEMBER 5, 2019

As a result, the role of the supplier has grown in importance – for example, much of the innovation in the aerospace market comes from suppliers rather than traditional aerospace firms. Suppliers offer an excellent source of knowledge to help businesses rapidly innovate. Cost-focused approaches block innovation.

Innovation 221

Innovation Suppliers Procurement Collaboration 221

Value Match

SEPTEMBER 8, 2022

Bid Management. Where data quality varies and interconnecting supplier systems are used it increase the likelihood of vulnerabilities according to the National Audit Office. The target was Advanced, a supplier into the NHS that provides software for various parts of the NHS. Categories. Best Practice Guides. Case Study.

supply chain software solutions 64

supply chain software solutions Supply chain Supply Suppliers 64

World of Procurement blog

APRIL 23, 2024

By adopting best practices, companies can reduce costs, improve quality, and enhance supplier relationships. These policies should outline how procurement activities are to be conducted, from supplier selection to contract execution, ensuring consistency and compliance across the organization.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement Strategic sourcing 52

World of Procurement blog

APRIL 23, 2024

By adopting best practices, companies can reduce costs, improve quality, and enhance supplier relationships. These policies should outline how procurement activities are to be conducted, from supplier selection to contract execution, ensuring consistency and compliance across the organization.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement Strategic sourcing 52

Supply Chain Game Changer

SEPTEMBER 22, 2022

Subscribe to Supply Chain Game Changer. Choosing suppliers. Fortunately, there are plenty of software Solutions out there to help streamline things and make it easier across the board. After that, a request for a proposal gets sent out to potential suppliers. Subscribe Here! Email Address.

supply chain budgeting 101

supply chain budgeting Real-time Visibility supply chain software solutions Procurement 101

World of Procurement blog

APRIL 23, 2024

Understanding Procurement Technology Procurement technology refers to the software and systems that automate and streamline procurement processes for businesses, covering everything from sourcing materials and services to managing contracts and analyzing spending. Software like Concord and Agiloft comes to mind.

Procurement 52

Procurement Supply Chain Efficiency Real-time Visibility Purchase orders 52

Procurement Software

APRIL 18, 2023

This ensures they get the best deal possible with their suppliers. These negotiations take place in real time, with all prospective suppliers at once. This involves suppliers competing in sequential bidding. This saves buyers not only money, but hours of conversation time. This back and forth is very time-consuming.

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

Arkestro

SEPTEMBER 29, 2023

The software works with real-time and historical data, including user preferences, past buys, supplier performance, and market trends. Systems use this data to automate routine procurement tasks and make informed decisions about sourcing, pricing, and supplier relationships. Why is autonomous procurement important?

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement Supply Chain Optimization 52

Arkestro

MARCH 13, 2023

It turned to Arkestro Predictive Procurement software. Industry: Automotive Manufacturing Headquarters: New Jersey, USA Website: holman.com % savings in one day % supplier reduction “One of the challenges that we’ve had in categorizing our spend is taking on static, preferred supplier agreements to drive pricing down.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Procurement Bidding 52

Procurement Insights

SEPTEMBER 15, 2023

As an introduction or lead-in to that old post, I want to share the following excerpt from an article written in June 2023 responding to the question – What is AI in supply chain in 2023? “AI assesses supplier performance data, quality records, and market intelligence to revamp supplier selection and management.

Buyers 64

Buyers supply chain software solutions Bidding Quality 64

ivalua

MARCH 4, 2016

getting involved early on in the New Product Introduction ( NPI) cycle to ensure suppliers risk is being properly evaluated in production capacity and quality. If they do have a solution, they are using systems built for indirect spend. The post Are you a Supply Chain Visionary Vick or Laggard Larry? Time is Money.

supply chain software solutions 100

supply chain software solutions Supply Chain Efficiency Supply chain Bill of materials 100

Procurement Tactics

AUGUST 30, 2022

EDI was further improved in the 1990s as organizations developed specialized online catalogs for suppliers. . In order to meet this objective, it is significant for organizations to establish strong relationships with their suppliers. . It involves supplier relationships and information management. . Editor's note: Hi there!

Procurement 130

Procurement Supply Chain Efficiency Purchasing Suppliers 130

Supply Chain Game Changer

AUGUST 15, 2019

Subscribe to Supply Chain Game Changer. Strategic Supplier Relationship Management – Do’s and Don’ts. Article written for Supply Chain Game Changer by, and permission to publish here provided by, Tyler Brown. Does your business rely on at least one supplier? Email Address.

Suppliers 58

Suppliers supply chain software solutions Supply Chain Efficiency Supplier relationship management 58

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. Many processes in procurement are done using procurement software. Procurement Today. Procurement Function .

Procurement 130

Procurement supply chain budgeting Negotiation Contract 130

Supply Chain Game Changer

OCTOBER 24, 2022

Subscribe to Supply Chain Game Changer. The Bullwhip Effect is a pretty popular phenomenon and conversational topic in supply chain management. In most cases, it refers to inventory problems that occur due to miscommunication between organizations in a supply chain. Email Address. Planning and purchasing.

Real-time Visibility 76

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

Value Match

FEBRUARY 23, 2023

The new software has a reduced bias and error scatter compared to previous models. 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

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.

Chief Procurement Officer 52

Chief Procurement Officer Bidding Strategic sourcing Strategic sourcing 52

Jaggaer

AUGUST 12, 2020

Sourcing was in chaos and a topic that concerned many customers was that they were pushing back transportation tenders – and especially any planned mega – bids – while they waited to see how the market would develop. In recent weeks , all that has changed , and organizations are firing up transportation and mega-bids. .

Sourcing 52

Sourcing Bidding supply chain software solutions Supply Chain Optimization 52

Una

NOVEMBER 29, 2023

Supplier relationship management Dedicate time to nurturing and strengthening relationships with your key suppliers. 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

Jaggaer

MARCH 30, 2020

These outcomes range from stronger, more diverse supplier selection to higher employee satisfaction and lower levels of burnout. “If The traditional three bids and a buy model is a product of software constraints, rather than the ideal method of sourcing. This will fundamentally change your sourcing abilities.

Sourcing 99

Sourcing Data Bidding Supply Chain Efficiency 99

Jaggaer

DECEMBER 4, 2018

With the rapid spread digitization of business process functions, these experts predict that by 2022, 50 percent of all organizations will have acquired at least one procurement software application. For more on JAGGAER’s Advanced Sourcing Optimization solution, download the datasheet.

Procurement solutions 40

Procurement solutions Supply Chain Optimization supply chain budgeting supply chain software solutions 40

Arkestro

SEPTEMBER 13, 2023

Industry: Manufacturing Headquarters: Las Vegas, NV Website: westfalltechnik.com % savings in first event with incumbent supplier saved on commodity resins bid “I was apprehensive at first of trying predictive procurement. They were no longer asking for a quote but suggesting an offer to their suppliers.

Procurement 52

Procurement Supply Chain Efficiency Suppliers Supply Chain Optimization 52

Procurement Tactics

OCTOBER 18, 2022

Supplier Relationship Management Software — Everything You Should Know. Supplier relationship management software is a very important factor for procurement managers to strengthen their relationship with their suppliers. However, what is this supplier relationship management software?

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

Procurement Software

MARCH 11, 2022

Supplier innovation. Sustainability initiatives within the supply chain. Competitive bidding for €10k worth of one-time spend. Yes, there are expensive purchasing software suites out there which cost hundreds of thousands of dollars and are aimed at large, enterprise level organisations.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Arkestro

OCTOBER 16, 2022

Arkestro (formerly Bid Ops) started as a predictive sourcing software built for procurement teams who want technology that learns what works and what doesn’t from every sourcing process,” Bertrand Maltaverne, Sr. Analyst (Supplier Management and Sourcing), Spend Matters, said. “It Why Is Arkestro a Procurement Provider to Watch?

Procurement 52

Procurement supply chain software solutions Bidding Sourcing 52

SCMDOJO

JULY 3, 2023

Procurement training equips you to excel in the corporate world by teaching you everything from supplier dynamics to negotiating strategies. 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.

Cost of ownership 78

Cost of ownership Procurement Category management supply chain software solutions 78

Arkestro

JUNE 6, 2022

“Predictive sourcing has been a game-changer for enterprises leveraging our embedded platform that suppliers use without a login,” Edmund Zagorin, CEO and Founder of Arkestro, explained. “By Not made baseless assumptions about how the software operated. Conducted better due diligence before settling on a particular solution.

supply chain software solutions 52

supply chain software solutions Supplier negotiation Bidding Procurement 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

Supply Chain Game Changer

SEPTEMBER 15, 2021

Subscribe to Supply Chain Game Changer. Raw material inventory management represents a vital stage in the successful supervision of any manufacturing company’s supply chain. Improved relationships with suppliers: You can use sophisticated inventory insights to negotiate excellent deals with suppliers and vendors.

Inventory 92

Inventory Raw materials Management supply chain software solutions 92

World of Procurement blog

JULY 27, 2021

We’d even go so far to say that the modern procurement pro doesn’t focus that much time on the actual buying, as roles have grown to focus on Supply Chain Management, Contract Management and Relationship Management. You’ll also notice that Procurement is often talked about as part of the Supply Chain. That sucks!

Procurement 52

Procurement Procurement team supply chain budgeting Contract management 52

Jaggaer

MARCH 18, 2020

These outcomes range from stronger, more diverse supplier selection to higher employee satisfaction and lower levels of burnout. “If The traditional three bids and a buy model is a product of software constraints, rather than the ideal method of sourcing. You can gather as many bids as you want. Proven Results.

Sourcing 59

Sourcing Data Bidding Supply Chain Efficiency 59

Procurement Software

MARCH 11, 2022

Supplier innovation. Sustainability initiatives within the supply chain. Competitive bidding for €10k worth of one-time spend. Yes, there are expensive purchasing software suites out there which cost hundreds of thousands of dollars and are aimed at large, enterprise level organisations.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

Solvoyo

JANUARY 3, 2020

The supply chain world is just discovering the digital twin concept and we are nowhere close to the level of detail and sophistication of these decades-old examples. However, I also believe that the old-fashioned digital representation of a supply chain with nodes and arcs is like drawing a stick figure.

Supply Chain Optimization 40

Supply Chain Optimization supply chain software solutions Supply chain Supply 40

Una

JANUARY 8, 2024

They know how to discover niches in the business where they can best add targeted value, and they see supplier relationships as a value-creating goldmine rich with the potential for innovation and competitive advantage. When it's finally time to bid them farewell, they are recyclable, contributing to a greener planet.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Agile and Lean Supply Chain Purchasing 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