World of Procurement blog

APRIL 23, 2024

By adopting best practices, companies can reduce costs, improve quality, and enhance supplier relationships. Here are 10 procurement best practices that every organization should know: 1. Implement Strategic Sourcing Strategic sourcing involves a methodical approach to finding, selecting, and managing suppliers.

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. Here are 10 procurement best practices that every organization should know: 1. Implement Strategic Sourcing Strategic sourcing involves a methodical approach to finding, selecting, and managing suppliers.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement Strategic sourcing 52

Arkestro

JANUARY 23, 2024

Resources / Blog / What does a Procurement Manager do? Job Description, Skills, and Qualifications What does a Procurement Manager do? Procurement managers play a key role in this rapid growth, helping organizations optimize costs, negotiate favorable terms with suppliers, and ensure financial efficiency.

supply chain budgeting 52

supply chain budgeting Management Supply Chain Optimization Procurement 52

World of Procurement blog

APRIL 24, 2024

This process encompasses all activities involved in sourcing, acquiring, and managing the resources necessary for an organization's operations. It's a multifaceted journey from identifying the need for a product or service to the final steps of contract closure and post-purchase evaluation.

Supply Chain Efficiency 52

Supply Chain Efficiency Ethics Procurement Sustainability 52

Supply Chain Game Changer

AUGUST 19, 2022

Supply chain management and contract lifecycle management are key ingredients to business success. How well a company manages its supply chain processes can directly impact its bottom line. Investing in improved contract lifecycle management (CLM) is thus essential. Let us find out.

Contract 97

Contract supply chain budgeting Management Supply Chain Efficiency 97

World of Procurement blog

APRIL 24, 2024

Let’s embark on an enlightening journey to demystify these concepts, unfolding their key differences, similarities, and the quintessential skills and best practices that define them. Think of buying as the retail therapy of the business world – it’s about securing what you need, when you need it, at the best possible terms.

Procurement 52

Procurement Supplier relationship management Strategic sourcing Strategic sourcing 52

TYA Suite

DECEMBER 16, 2022

Modern technologies have been developed to address industry challenges and issues like project management, health, and safety. Use the Best ERP system in construction to lower costs, improve productivity, and meet projects deadlines. Project management across multiple worksites has always been difficult in construction.

Raw materials 52

Raw materials Budget Purchase orders Project management 52

SCMDOJO

OCTOBER 27, 2023

Effective supplier negotiations do not limit to the best price but a mutually beneficial agreement from both the parties that can have a profound impact on the company. Price Negotiation: This negotiation focuses on haggling over the cost of goods or services to obtain the best price for procuring products or services.

Supplier negotiation 90

Supplier negotiation Negotiation Suppliers Supply Chain Efficiency 90

Let's Talk Supply Chain

APRIL 21, 2023

In order to best compete in last-mile delivery, fifty-seven percent of retailers report their last-mile delivery networks have become more outsourced in the past five years. Outsourced carriers are third-party companies contracted to carry a shipper’s product from one location to another. How to manage outsourced carriers?

Networking 52

Networking supply chain software solutions Supply Chain Efficiency Logistics 52

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. They have to match the Purchase Requisition with the underlying contracts and quotations .

Sourcing 52

Sourcing Real-time Visibility Procurement Buyers 52

SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. It involves assessing factors such as cost, quality, reliability, and location to ensure the best fit for the organization’s needs. Stocking: Stocking relates to the physical storage and management of inventory within a supply chain.

Procurement 99

Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 99

Procurify

JULY 20, 2022

If you are a purchasing manager struggling to meet your saving targets, you’re not alone. . Technological advancements are also rapidly changing the responsibilities of purchasing managers. . So, what are the common challenges purchasing managers face today, and how can they address them? Risk management and mitigation.

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 52

ivalua

OCTOBER 4, 2021

This blog post shares key takeaways from the webinar, including research findings and a checklist you can follow to help you to leverage CSR to drive revenue, while making a positive impact for society. To fix the problem, Boohoo increased CSR transparency and ended contracts with 64 non-compliant suppliers.

Supply Chain Efficiency 130

Supply Chain Efficiency Sustainability supply chain software solutions Suppliers 130

Procurement Software

APRIL 25, 2023

This blog post is based on a video interview I gave about digital procurement back in January in Dubai with Dr. Muddassir Ahmed of SCMDOJO. Therefore, now is the time for all businesses to embrace the benefits of digital procurement software. Today, a new wave of targeted, best-of-breed solutions is emerging. So what went wrong?

supply chain software solutions 52

supply chain software solutions Procurement Real-time Visibility supply chain budgeting 52

IBM Supply Chain Blog

AUGUST 4, 2023

However, the number of biomedical equipment technicians (BMETs)—the professionals who manage, repair and maintain the medical equipment—is shrinking. And without sufficient BMETs, hospitals may need to rely on outside service contracts for maintenance and repair, which can be prohibitively expensive.

Sustainability 65

Sustainability Data Management Inventory 65

IBM Supply Chain Blog

JANUARY 16, 2024

Today, as many as half of all companies—and 70% of top-performing companies— use software developed internally to differentiate themselves in crowded markets. As more businesses become software businesses, a long-term development strategy that prioritizes continuous feedback and core organizational value is key to success.

Product development 90

Product development Strategy supply chain budgeting supply chain software solutions 90

Zycus Cognitive Procurement

DECEMBER 1, 2020

There are many benefits of contract management software, especially in today’s world. Also, contract management software provides the legal, procurement, financial, sales, and contract administration teams with a useful set of tools to effectively and efficiently manage the entire contract management process.

Contract management 40

Contract management Contract Management Contract administration 40

Supply Chain Collaborator

NOVEMBER 26, 2018

As discussed in our recent blog post, “ Fable of the Ant and Cicada Applied to Shippers and TMS Planning ” the best time to plan for lean times is during times of plenty. Contract rates remain high in spite of the potential for a cooling economy in 2019. Top Reason #3 – The Economy Will Turn Downward.

Agile and Lean Supply Chain 90

Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions Supply chain management 90

Planergy

MARCH 2, 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. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This can make it difficult to track and manage.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Real-time Visibility supply chain software solutions 52

IBM Supply Chain Blog

AUGUST 16, 2023

With the right guidance and cost management approach, a cloud migration can and should decrease overall IT costs , while increasing operational efficiency and improving IT services. Like other IT expenditures, cloud costs can skyrocket and threaten ROI without the right cloud management solutions.

Real-time Visibility 72

Real-time Visibility Budget Cost optimization Demand 72

Procurement Software

JANUARY 16, 2023

One of things I frequently get asked is why we don’t have software reviews as part of our Software Finder section. This short post explains why we don’t ask for, or publish, user reviews of the different procurement software we feature on the site. Reviews of procurement software solutions are pointless.

Procurement 59

Procurement Buyers Change management Category management 59

Zycus Cognitive Procurement

FEBRUARY 14, 2022

In this blog, we will highlight some high-risk areas that need fixing and ways you can go about building better supplier relationships. For instance, in tools such as Zycus’ supplier management software , an audit trail is accessible for all the changes a supplier will make to their profile and their submitted documents.

Suppliers 52

Suppliers Supply Chain Efficiency Supplier relationship management Vendor relationships 52

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. 4 ) AI-powered Contract Management :

Real-time Visibility 40

Real-time Visibility Procurement Contract management Bidding 40

SCMDOJO

JULY 3, 2023

This blog intends to assist you through the labyrinth of procurement training by pointing out the most reliable courses that fit your objectives and aspirations and hence act as your compass in the realm of procurement training, whether you’re hoping to break into the sector, looking to up skill, or yearning for promotion chances.

Cost of ownership 80

Cost of ownership Procurement Category management supply chain software solutions 80

Barkers Procurement

DECEMBER 1, 2022

What processes and procedures are in place to approve contracts, invoices, purchase orders? Gartner provides you with the confidence that the software suppliers you are considering have been externally validated by a market expert, enabling you to shortlist in a more effective way. Does the software offer transaction efficiency?

supply chain software solutions 52

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

Planergy

OCTOBER 18, 2023

Modern Spend Management and Accounts Payable software. 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. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend.

Risk 52

Risk Real-time Visibility Negotiation Management 52

Planergy

JANUARY 19, 2024

Modern Spend Management and Accounts Payable software. 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. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend.

Vendor management 52

Vendor management Suppliers Quality Supply Chain Efficiency 52

Procurement Software

MARCH 26, 2024

Welcome to a new series of blogs! This is where every month, we’ll ask the Founder or CEO of a procurement software company a few questions. You can also find Canopy in our Software Finder App here. ERP data is a mess, and Sharepoint is no substitute for a proper library of contracts.

Procurement team 52

Procurement team supply chain software solutions Real-time Visibility Suppliers 52

Bonfire

JUNE 21, 2022

Best-of-breed, what does it mean? Although ERPs have their advantages in certain use cases, they simply aren’t built for the rigor and regulations of public sector sourcing and contracting. This is the “best-of-breed” approach. In a previous article we phrased it as “a ‘swiss-army knife approach’ to buying software.”.

Eprocurement 52

Eprocurement Sustainability Procurement Management 52

Arkestro

MAY 23, 2023

Resources / Blog / Overcoming Construction Struggles With Predictive Procurement Overcoming Construction Struggles With Predictive Procurement In years past, the construction industry lagged behind the pack when it came to predictive procurement and digital transformation.

Procurement 52

Procurement Agile and Lean Supply Chain supply chain budgeting supply chain software solutions 52

Barkers Procurement

JULY 25, 2023

Why procurement compliance is crucial Complying with rules when contracting service providers and when approving purchases is an essential part of procurement. Compliance entails formulating processes for company spend management, following them and enforcing them.

Procurement 52

Procurement Procurement team Spend management Supply Chain Efficiency 52

SCMDOJO

MARCH 19, 2024

In essence, a structured supply chain department as described in the blog can help you deliver the right supply chain strategy and goals which helps cost reduction, improve customer service, on-time delivery, and better working capital. Logistics Logistics involves managing the transportation and delivery of goods.

Supply Chain Optimization 76

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 76

Planergy

JUNE 30, 2022

How better management in AP can give you better flexibility for cash flow management. The 8 Best Financial Management Tools. Accounting Financial Reporting Technology & Software. The 8 Best Financial Management Tools Recently on the blog, we talked about financial planning and analysis (FP&A) software.

Management 52

Management Real-time Visibility Budget Purchase orders 52

Zycus Cognitive Procurement

JULY 25, 2022

In addition, CPOs and procurement managers should discover new strategies to satisfy their objectives in order to obtain greater outcomes without having to spend more money. . This blog will help you become a better procurement manager by providing you the latest updates on procurement digitization. Read the case study now! .

supply chain budgeting 52

supply chain budgeting Procurement Agile and Lean Supply Chain Management 52

Empowering CPO

JULY 2, 2023

Introduction Welcome to our latest discussion on a crucial facet of business operations: Managed Procurement Services. If you’re new to the term, Managed Procurement Services refers to the outsourcing of a company’s procurement functions to a specialized firm.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Zycus Cognitive Procurement

MAY 31, 2022

This is a major concern, especially in the manufacturing domain where risk management has detrimental effects on their end customers. Therefore as the business expands combating supplier risks along with monitoring their performance against contract requirements becomes indispensable. 1) Investing in Supply Chain Software.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Risk Supply chain 52

Let's Talk Supply Chain

SEPTEMBER 15, 2022

As the certainty and timeliness of payments continue to decline, exporters can utilize financing to better manage their liquidity. With a plethora of financing solutions available, exporters should familiarize themselves with the pros and cons of each option when deciding which is best suited for their business. About the Author.

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Export Buyers Management supply chain software solutions 89