World of Procurement blog

APRIL 23, 2024

This blog explores the types of technologies revolutionizing procurement, their benefits, and the return on investment (ROI) they deliver. Supply Chain Management (SCM) Software SCM software offers a comprehensive view of the supply chain, enabling companies to manage logistics, production, and distribution more effectively.

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Procurement Tactics

JULY 2, 2023

A formal contract document that contains the detailed requirement for purchasing and obtaining goods and services, a job order is utilized with a view to ensuring that the desired goods or services are acquired in an orderly and efficient way. There are various tools and software that provide a template to create a job order document.

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IBM Supply Chain Blog

FEBRUARY 28, 2024

Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits. Sourcing teams are automating processes like data analysis as well as supplier relationship management and transaction management.

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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.

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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.

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Procurement contracts Contract Procurement Negotiation 52

Arkestro

MARCH 27, 2024

Resources / Blog / Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Buyers have always played an important role in the procurement industry, helping organizations obtain goods and maintain a careful balance of speed, cost-efficiency, and quality.

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ivalua

FEBRUARY 8, 2023

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity.

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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. Tools like Jaggaer and Scout RFP are popular choices.

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World of Procurement blog

APRIL 23, 2024

It involves using advanced analytical tools and techniques to understand market trends, evaluate supplier performance, and make data-driven decisions that impact the company's bottom line. Risk Management: Analyze supplier risk by evaluating financial stability, geopolitical factors, and industry trends. What are Procurement Analytics?

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World of Procurement blog

APRIL 23, 2024

It involves using advanced analytical tools and techniques to understand market trends, evaluate supplier performance, and make data-driven decisions that impact the company's bottom line. Risk Management: Analyze supplier risk by evaluating financial stability, geopolitical factors, and industry trends. What are Procurement Analytics?

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IBM Supply Chain Blog

APRIL 25, 2024

Product-embedded or online support tools, such as virtual assistants, can drive more informed and efficient support interactions with client self-service. Those who implement self-service search into their sites and tools can become exponentially more powerful with generative AI.

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Supply Chain Game Changer

MARCH 16, 2022

Amongst other things a supply chain manager is responsible for ensuring that goods are delivered to the correct destination in a timely manner. In this blog post, we will discuss some of the most common mathematics problems that can impact a supply chain. We will also provide tips on how to solve these problems in the next blog post.

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IBM Supply Chain Blog

JANUARY 15, 2024

It can empower government workers with more powerful tools for answering questions and conducting research. Tasks such as contract writing and management, which are both time-consuming and crucial, might greatly benefit from the application of generative AI.

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SCMDOJO

APRIL 20, 2023

If you’re eyeing a role as a Procurement Manager (or are looking to hire one), you’re in the right place! As a procurement Manager, you’ll play a crucial role in overseeing the purchasing and procurement process for a company or organization, making sure they get the best bang for their buck.

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IBM Supply Chain Blog

APRIL 1, 2024

Generative artificial intelligence (GenAI) can be a powerful tool for driving product innovation, if used in the right ways. Stacking strong data management, predictive analytics and GenAI is foundational to taking your product organization to the next level. These new insights can be realized at greater speeds than ever before.

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World of Procurement blog

APRIL 23, 2024

In the ever-evolving landscape of business operations, staying ahead in managing procurement processes efficiently is crucial. Enter Procurement Software, a transformative suite of tools designed to streamline purchasing activities and supply chain management.

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World of Procurement blog

APRIL 23, 2024

In the ever-evolving landscape of business operations, staying ahead in managing procurement processes efficiently is crucial. Enter Procurement Software, a transformative suite of tools designed to streamline purchasing activities and supply chain management.

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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.

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SCMDOJO

NOVEMBER 17, 2023

In this blog, explore vital tips paving the way for a prosperous career in supply chain management. We enable them by providing high-quality supply chain on-demand courses, guides, best practices, tools, and mentoring from industry experts. Click here to access the course: How to Start a Career in Supply Chain Management?

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IBM Supply Chain Blog

FEBRUARY 19, 2024

In today’s complex global business environment, effective supply chain management (SCM) is crucial for maintaining a competitive advantage. But with the right tools and priorities, each step in the process can run smoothly. Automation Automation can streamline supply chain operations, from order fulfillment to inventory tracking.

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Procurement Insights

DECEMBER 14, 2022

The following is an excerpt from the December 13th article I wrote for the Terzo blog. One of the most interesting revelations regarding contract management in the post-Covid world is that most organizations were only using 20% of their CLM platform – mainly under the control of the legal department. Justin Hiatt, Terzo.

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IBM Supply Chain Blog

DECEMBER 13, 2023

By assessing and proactively managing risks inherent in the supply chain , organizations can shield themselves from disruptions and strengthen the resilience of their operations. Building strong supplier relationships to encourage favorable contracts and service is also a common goal. Some may not agree with the proposed changes.

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SCMDOJO

JULY 24, 2023

Contract Logistics is a critical aspect of the supply chain that often remains behind the scenes but plays a significant role in ensuring the efficient movement and management of goods. Read More: 6 Logistics KPIs Attributes That are Essential ] What is Contract Logistics?

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Procurement Leaders

DECEMBER 9, 2022

Here, Procurement Leaders speaks to CPO Lene Aabo-Bjerregaard about some of those complexities, and what she and her team are doing to manage them. PL: We are in the middle of a period of rampant inflation, what are you doing differently to manage this environment? LA-B: Many things.

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SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. In supply chain management, acquisition typically implies a more comprehensive and strategic approach, often involving negotiations, contracts, and sometimes mergers or partnerships. Read More: What Does a Procurement Manager Do?

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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.

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Supply Chain Efficiency Ethics Procurement Sustainability 52

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.

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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.

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SCMDOJO

OCTOBER 27, 2023

Contract Negotiation: This negotiation involves discussions and agreements on the terms and conditions of the procurement contract. Supplier Selection Negotiation: Negotiating with potential suppliers to determine which one will be awarded the contract based on factors such as quality, price, and reliability.

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World of Procurement blog

APRIL 24, 2024

Late engagement often means procurement is brought in as a tactical function rather than a strategic partner, leading to suboptimal supplier relationships and contracts. This technology captures the "intent" behind procurement needs upfront by using intelligent tools to analyze and predict buying needs before they become formal requisitions.

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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. The key to gaining a more comprehensive view of supplier risks is interconnected digital tools, physical infrastructure, and corresponding data streams. Some costly-to-ignore risk areas.

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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. The tools that you use often have poor user experience (UX) and plagued with broken processes. .

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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.

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Bonfire

APRIL 3, 2023

Enterprise Resource Planning (ERP) systems have become an essential tool for complex organizations, but when it comes to procurement in the public sector, they aren’t enough. Limited supplier reach: ERP systems don’t go far enough when it comes to reaching and managing suppliers.

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Procurement Insights

JANUARY 12, 2024

Managing them effectively requires specialized expertise and purpose-built tools, honed to streamline requisitioning, negotiation ** , and supplier engagement. For those of you who have been following this blog over the past 16 years – and those who have been following me longer, you know where I am going with this post.

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Procurement Leaders

AUGUST 2, 2023

Never rely on CEST or automated IR35 tools, the critical ingredient is always the lower-tier contract, HMRC’s point of focus. This lack of knowledge, coupled with the perceived risk, led to companies simply restricting the use of self-employed contractors, and it’s now hurting them, operationally and financially.

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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. Be a hero by urging your CFO to invest in technologies and tools that will not only save time and money today, but even more critically when the economy cools.

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