Arkestro

SEPTEMBER 29, 2023

By 2026, the procurement analytics market is predicted to grow at a compound annual growth rate (CAGR) of nearly 20% , equating to $8.36 This is largely driven by technological innovations shaking up the industry, with autonomous procurement at the helm. What is autonomous procurement? Why is autonomous procurement important?

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement Supply Chain Optimization 52

World of Procurement blog

MAY 8, 2024

Contract management involves coordinating and negotiating agreements to establish business relationships, draft contract terms that protect the company, properly execute contracts, monitor performance, and mitigate risks. Negotiation - Once the initial draft is ready, next comes negotiation with the counterparty to finalize the terms.

Contract management 52

Contract management Contract Management e2e 52

The Good Spending

AUGUST 17, 2023

This post will look at a sourcing strategy from an uncommon perspective, trying to prove its vital importance for the procurement profession. This post will look at a sourcing strategy from an uncommon perspective, trying to prove its vital importance for the procurement profession. We suggest just three, which are rare.

Sourcing 52

Sourcing Strategy Import Strategic sourcing 52

The Good Spending

AUGUST 26, 2022

Hold-up problem of incomplete contracts Another result is that pre-contract investments couldn’t be verified, future contingencies could not be foreseen, and post-contract payoffs could not be completely secured. So, a contract projects an economic exchange into the future. So, a contract projects an economic exchange into the future.

Contract 96

Contract Price Negotiation Risk 96

Empowering CPO

JUNE 22, 2023

Introduction Welcome to our complete guide on the role of spend analysis in strategic sourcing. In this blog post, we delve deep into the pivotal role that spend analysis plays in strategic sourcing. In the ever-evolving world of business, strategic sourcing has become a linchpin in corporate success.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Una

NOVEMBER 14, 2022

Five Predictions for the Future of Procurement. As we move further and further from the effects of a global pandemic, procurement will not revisit the “good old days” of the mid-2010s. COVID permanently changed the procurement game. Did the pandemic already write procurement’s future? By Eric Edwards | November 15, 2022.

Procurement 98

Procurement Agile and Lean Supply Chain Supply Chain Efficiency Procurement team 98

Procurify

MAY 12, 2022

Many people use the terms procurement and purchasing interchangeably. In this guide, we clarify any confusion on the difference between procurement and purchasing, and deep dive into each area. In this guide, we clarify any confusion on the difference between procurement and purchasing, and deep dive into each area.

Purchasing 52

Purchasing Procurement Purchase orders Cost of ownership 52

Empowering CPO

JUNE 20, 2023

Spend analysis, an often overlooked yet critical component of procurement, is all about extracting those stories from stacks of invoices, purchase orders, and contracts. In this blog post, we’ll explore what spend analysis really is, why it matters, and how it can revolutionize your approach to procurement.

Real-time Visibility 52

Real-time Visibility Data Supply Chain Efficiency Purchase orders 52

Zycus Cognitive Procurement

DECEMBER 8, 2020

So how to choose the right gift for our procurement partners at the workplace? The answer lies in mapping their procurement traits vs. personal traits. Our procurement gifting guide may help you in this case. Within this canopy of rationality, we tend to ignore the personality stones that shape up as a complete whole. .

Procurement 40

Procurement Supply Chain Efficiency Risk Negotiation 40

Empowering CPO

JUNE 22, 2023

Two critical aspects that play a pivotal role in this regard are Spend Analysis and Sustainable Procurement. It involves the collection, classification, and evaluation of expenditure data with the goal of decreasing procurement costs, enhancing efficiency, and monitoring compliance.

Sustainability 52

Sustainability Procurement Supplier consolidation Supply Chain Efficiency 52

Empowering CPO

JUNE 20, 2023

Introduction In the dynamic world of procurement and supply chain management, understanding your organization’s spending habits isn’t just an administrative duty—it’s a strategic necessity. We are a leading procurement services company specializing in providing tailored spend analysis services and offerings.

Real-time Visibility 40

Real-time Visibility supply chain budgeting Supply Chain Efficiency Data 40

Planergy

FEBRUARY 9, 2023

Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. In this blog post, we will discuss what a travel and expense policy is, provide an example template, and outline some best practices.

Purchasing 52

Purchasing Purchase orders Management Budget 52

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

Supply Chain Efficiency 16

Supply Chain Efficiency Purchase orders Procurement Bidding 16

Empowering CPO

JUNE 27, 2023

Introduction Overview of Spend Analysis and Its Significance in Procurement In today’s competitive business landscape, effective procurement strategies play a vital role in the success of organizations. One crucial aspect of procurement is gaining insights into spending patterns and optimizing expenditures.

Real-time Visibility 40

Real-time Visibility Supply Chain Optimization Data Suppliers 40

Empowering CPO

JUNE 27, 2023

Introduction Unleashing the Power of Spend Analysis for Procurement Success In the world of procurement, data is the key to unlocking strategic decision-making and maximizing cost savings. Spend analysis, the process of comprehensively evaluating an organization’s expenditures, plays a pivotal role in driving procurement success.

Procurement 52

Procurement Supply Chain Optimization Real-time Visibility Procurement strategies 52

Empowering CPO

MAY 4, 2023

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. Advantages of digital procurement systems The digital transformation of procurement processes offers numerous advantages to businesses.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Una

JULY 25, 2023

5 of the Most-Read Procurement Articles Don’t miss the five most-read procurement articles on Unaversity, Una’s online resource center dedicated to empowering procurement. By Hugo Britt | July 25, 2023 Search Search It’s always interesting to discover which articles on a blog drive the most engagement.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Procurement Category management 52

Procurify

JULY 4, 2022

Purchasing and procurement problems can be costly. In this guide, we’ll walk you through ten purchasing issues and how you can solve them. . How to fix this procurement challenge. You should also set up approval sequences in your e-procurement software so you can have better visibility and insights into the procurement process.

Real-time Visibility 59

Real-time Visibility Procurement Budget Purchasing 59

Empowering CPO

JUNE 27, 2023

Introduction In the complex world of procurement, where every penny counts, gaining a deep understanding of your organization’s spending habits is crucial to unlocking value and maximizing savings. Why is spend analysis so important in procurement? Imagine trying to navigate a labyrinth without a map or compass.

Procurement 40

Procurement Supply Chain Optimization Supplier consolidation Suppliers 40

Una

SEPTEMBER 27, 2022

If you did, you’re reading this blog from an exotic beach, sipping a pina colada. . Five Ways to Save on Your Company’s IT Costs. By Eric Edwards | September 27, 2022. It’s that time again. Time for crisp, cool breezes and warm, yummy beverages. Tree foliage changes fashion into yellow, orange, and splashes of red. Come on, be honest.

Budget 97

Budget Inventory Contract Purchasing 97

SCMDOJO

NOVEMBER 2, 2023

We introduce the top 20 supply chain specialist you should hire in this blog. It guarantees the smooth movement of commodities, services, and financial resources, enabling businesses to flourish in cutthroat markets. These professionals have a plethora of expertise and knowledge to assist your business succeed in supply chain management.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 59

World of Procurement blog

JUNE 17, 2021

For this article, we’re going to focus on Contract Management related to your Supply Chain Contracts, or Procurement Contracts. So many people out there in the World of Procurement do not realise that businesses that do contract management properly are the ones who do it for both the pre-signature and the post-signature contract activities.

Contract management 52

Contract management Contract Management Contract administration 52

Empowering CPO

JUNE 20, 2023

This blog post explores the pivotal role of Spend Analysis within the realm of Supply Chain Management, an area that can greatly benefit from the insights it provides. The challenge lies in ensuring that the data collected is comprehensive and captures the complete picture of an organization’s spend.

Supply chain management 40

Supply chain management Supply chain management supply chain budgeting Supply Chain Efficiency 40

EazyStock

AUGUST 9, 2022

This software enables procurement managers to forge close links with their suppliers and manage the whole procurement process. SRM software also provides all the data needed to empower procurement managers to negotiate bulk discounts and reduce carriage costs. Distribution software benefits. Real-time tracking.

supply chain software solutions 52

supply chain software solutions Supply Chain Optimization Inventory Supply Chain Efficiency 52