ProcurePort

APRIL 5, 2022

· Contemporary supplier and contract database software promise to streamline how procurement teams approach contracts and sourcing. This technology ensures real-time communication, collaboration, and management of the contract lifecycle. What are the signs telling you it’s time to get […].

Contract 130

Contract Suppliers Procurement team Collaboration 130

ProcurePort

NOVEMBER 3, 2021

Creating, negotiating, managing, and settling contracts is an essential part of any business. Contract management is also a critically underpinning element of sourcing in the supply chain. So, what are Contract Lifecycle Management CLM or simply contract creation tools?

Contract 130

Contract Contract management Negotiation Supply chain 130

Jaggaer

JULY 17, 2023

Watch this video to see how Tealbook and JAGGAER are partnering together to deliver AI-powered, automated supplier data.

Contract 52

Contract Management Suppliers Data 52

World of Procurement blog

APRIL 23, 2024

Welcome to the fascinating world of supply chain management (SCM)! In this blog, we will explore the essential concepts and processes vital for beginners entering the field. Returning : Handling of returns and complaints from customers, also involving the reverse logistics to manage unsold or returned products.

Supply chain management 52

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

World of Procurement blog

APRIL 23, 2024

Welcome to the fascinating world of supply chain management (SCM)! In this blog, we will explore the essential concepts and processes vital for beginners entering the field. Returning : Handling of returns and complaints from customers, also involving the reverse logistics to manage unsold or returned products.

Supply chain management 52

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

World of Procurement blog

APRIL 23, 2024

Central to this process are procurement contracts, which legally bind the terms of these acquisitions. This guide will take you through everything you need to know about procurement contracts, ensuring you're equipped to navigate their complexities like a professional. Working with Legal Coordination with your legal team is essential.

Procurement contracts 52

Procurement contracts Contract Procurement Negotiation 52

World of Procurement blog

APRIL 23, 2024

Central to this process are procurement contracts, which legally bind the terms of these acquisitions. This guide will take you through everything you need to know about procurement contracts, ensuring you're equipped to navigate their complexities like a professional. Working with Legal Coordination with your legal team is essential.

Procurement contracts 52

Procurement contracts Contract Procurement Negotiation 52

ProcurePort

FEBRUARY 9, 2021

While procurement is often looked at as simply the sourcing lifecycle of contracts for needed […]. The post How to Effectively Manage Business Spend appeared first on ProcurePort Blog. Although, as with everything in life, there needs to be balance to the spending. This is where procurement comes into play.

Management 130

Management Contract Sourcing Procurement 130

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. Let’s explore further.

Price 264

Price Strategy Sourcing Real-time Visibility 264

World of Procurement blog

APRIL 23, 2024

Whether you're running a small business or overseeing operations for a large corporation, understanding the procurement lifecycle is vital for minimizing costs while maximizing value. Introduction to the Procurement Lifecycle The procurement lifecycle encompasses all activities related to acquiring goods and services from external sources.

Purchase orders 52

Purchase orders Procurement Quantity Budget 52

World of Procurement blog

APRIL 23, 2024

Whether you're running a small business or overseeing operations for a large corporation, understanding the procurement lifecycle is vital for minimizing costs while maximizing value. Introduction to the Procurement Lifecycle The procurement lifecycle encompasses all activities related to acquiring goods and services from external sources.

Purchase orders 52

Purchase orders Procurement Quantity Budget 52

ivalua

APRIL 6, 2020

In a previous blog we discussed the mounting humanitarian crisis that the Coronavirus, also known as COVID-19, had sparked globally and discussed considerations and steps organizations should take to mitigate the impact from disrupted supply chains.

Contract management 182

Contract management Contract Supply Chain Efficiency Logistics 182

Procurement Tactics

JUNE 28, 2023

Procurement Tracking is the process of monitoring and managing procurement activities. It enables managers and businesses to minimize costs, prevent and mitigate risks, and essentially identify issues and problems early on in the procurement process. Documents concerning the contracts shall also be undertaken.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

World of Procurement blog

APRIL 24, 2024

Procurement, however, is the broad orchestra conductor, encapsulating the strategic process of sourcing, negotiating, and managing the acquisition of goods and services essential for an organization's operations. Relationship Management : Cultivating supplier relationships that foster reliability and collaboration is key.

Procurement 52

Procurement Supplier relationship management Strategic sourcing Strategic sourcing 52

The Good Spending

JANUARY 13, 2024

However, this blog isn't meant to hail perpetual licenses - it's all about IT procurement. 5 Possible Answers to the Problem Software Asset Management (SAM). The goal is to get the most out of these investments at every lifecycle stage. SaaS demand management. Contract management. Employee awareness.

Contract management 59

Contract management Negotiation Contract Demand 59

World of Procurement blog

APRIL 23, 2024

These policies should outline how procurement activities are to be conducted, from supplier selection to contract execution, ensuring consistency and compliance across the organization. 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

These policies should outline how procurement activities are to be conducted, from supplier selection to contract execution, ensuring consistency and compliance across the organization. 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

IBM Supply Chain Blog

MARCH 22, 2023

Though the process may be slightly different for each protocol, node hosts still face similar challenges (such as managing tedious day-to-day API maintenance , ensuring quick and secure data transfer, and developing the technical know-how to create and manage a blockchain oracle protocol’s node). Timely, secure data transfer.

Data 70

Data Contract Sourcing Management 70

IBM Supply Chain Blog

JANUARY 15, 2024

Tasks such as contract writing and management, which are both time-consuming and crucial, might greatly benefit from the application of generative AI. Machine learning-trained generative AI might help in drafting new contracts based on this research.

Contract 68

Contract Data Contract management Networking 68

World of Procurement blog

JANUARY 12, 2022

Over Christmas, I started thinking about the top Contract Management trends for 2022. One general observation I have of us Contract Managers is that there is a fantastic opportunity to become more closely aligned with our Legal colleagues. Additionally, there is a significant focus on certainty within contracts.

Contract management 52

Contract management Contract Management e2e 52

HICX

JANUARY 27, 2023

Supplier Lifecycle Management (SLM) allows organizations and their suppliers to develop and cultivate more productive and mutually beneficial business relationships. What is Supplier Lifecycle Management? What is the purpose of Supplier Lifecycle Management? What is the Supplier Lifecycle Management process?

Suppliers 52

Suppliers Management supply chain software solutions Supply Chain Efficiency 52

IBM Supply Chain Blog

NOVEMBER 21, 2023

In this article, developer Michael Burgess provides an insight into the concept of schemas and schema management as a way to add value to your event-driven applications on the fully managed Kafka service, IBM Event Streams on IBM Cloud ® What is a schema? A schema describes the structure of data. What is a schema registry?

Real-time Visibility 104

Real-time Visibility Quantity Data Quality 104

IBM Supply Chain Blog

APRIL 25, 2024

Clients can self-service 24/7 and proactively address potential issues IBM Technology Lifecycle Services (TLS) leverage AI and automation capabilities to offer streamlined support services to IBM clients through various channels, including chat, email, phone and the web. In fact, 91% of Call Home requests were responded to through automation.

e2e 70

e2e Inventory Data Contract 70

IBM Supply Chain Blog

JANUARY 16, 2024

This will likely involve collaboration between the product design team, project management, sales, and other departments as the business creates a detailed roadmap for how the new product will be built and deployed. Planning Once the idea has been validated, the planning stage of the new product development process begins.

Product development 80

Product development Strategy supply chain budgeting supply chain software solutions 80

The Good Spending

MARCH 3, 2024

Service-oriented offerings ensure that businesses can benefit from the latest technologies without the burden of managing them internally. By offering services that support the product throughout its lifecycle, companies can enhance customer satisfaction, build long-term relationships, and differentiate themselves in competitive markets.

Procurement 59

Procurement Sourcing Category management Procurement strategies 59

ivalua

DECEMBER 6, 2022

Nowadays, Procurement practitioners primarily talk about emerging topics like the reduction of scope 3 emissions, supplier-enabled innovation and supply risk management. The ultimate goal is to realize contracted savings and ensure that suppliers ‘perform to contract’. Procurement as end-to-end process owner .

e2e 130

e2e Suppliers Procurement Contract 130

Zycus Cognitive Procurement

DECEMBER 10, 2021

The Source-to-Pay(S2P) process begins with identifying and evaluating relevant suppliers, contracting with those suppliers, placing orders, monitoring the supply of the ordered products and services, authorization, and the final release of payment. A Source-to-Pay cycle is a holistic approach that covers end-to-end procurement lifecycle.

Sourcing 52

Sourcing e2e Contract supply chain budgeting 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

IBM Supply Chain Blog

APRIL 25, 2024

It should not be confused with business process management (BPM) , a more incremental approach to optimizing processes, or business process improvement (BPI), a broader term that encompasses any systematic effort to improve current processes. This blog outlines some BPR examples that benefit from a BPM methodology.

Supply Chain Efficiency 47

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting supply chain software solutions 47

ivalua

FEBRUARY 4, 2020

North Carolina State Poole College of Management recently produced this 28 page report entitled “ 2019 Supply Chain Data Quality and Governance Study ”. In this blog, I have attempted to extrapolate some of the main points shared by those who are winning, or at least, not losing the war on bad data. This means no siloes.

Data 130

Data Quality Supply chain Suppliers 130

World of Procurement blog

JUNE 17, 2021

What is Contract Management? Contract Management is the process of managing all of your contracts. For this article, we’re going to focus on Contract Management related to your Supply Chain Contracts, or Procurement Contracts. This is a macro top-level aim of Contract Management.

Contract management 52

Contract management Contract Management Contract administration 52

ProcurePort

OCTOBER 9, 2023

Contract management is a critical aspect of manufacturing operations, impacting everything from procurement to supplier relationships. While advanced technology on the production floor is essential, the […] The post Revolutionizing Manufacturing Contracts: The AI Advantage appeared first on ProcurePort Blog.

Contract 130

Contract Contract management Strategy Suppliers 130

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 58

Sustainability Data Management Inventory 58

IBM Supply Chain Blog

JANUARY 10, 2024

Red Hat OpenShift Container Platform (RH OCP) has emerged as a leading solution for supporting the application development lifecycle, provisioning and managing container images and workloads into a platform for containerized applications and ecosystem.

Data 76

Data Innovation Collaboration Risk 76

Zycus Cognitive Procurement

NOVEMBER 29, 2022

Cost management should be predicated predominantly on improving operational efficiencies. You must apply cost management strategies at Level 3 or 4 or Level 5 for it to be effective, as you may have a different approach for each sub-level. Renegotiate vendor contracts. Contract compliance. Eliminate non-essential spend.

Strategy 52

Strategy Real-time Visibility Contract e2e 52

TYA Suite

DECEMBER 16, 2022

Successful companies focus a lot on their vendor management process and get benefited from it in the market and are always one step ahead of any risks they could encounter. This blog will help you understand the importance of the vendor management lifecycle including tips and tricks for effective vendor management.

Vendor management 52

Vendor management Management Real-time Visibility supply chain software solutions 52

Zycus Cognitive Procurement

JULY 30, 2021

SUPPLIER RELATIONSHIP MANAGEMENT (SRM) MATURITY IS CORRELATED WITH PROFITABILITY. On-premise solutions are characterized by low intra-suite integration and challenges in data flow across the source-to-pay process lifecycle. Learn More: Vendor Management. The global economy is going through a period of unprecedented churn.

Supplier relationship management 52

Supplier relationship management Suppliers Management Procurement 52