World of Procurement blog

APRIL 23, 2024

In today's fast-paced business world, efficient procurement processes are more crucial than ever. 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. But what exactly goes into these processes?

Purchase orders 52

Purchase orders Procurement Quantity Budget 52

World of Procurement blog

APRIL 23, 2024

In today's fast-paced business world, efficient procurement processes are more crucial than ever. 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. But what exactly goes into these processes?

Purchase orders 52

Purchase orders Procurement Quantity Budget 52

IBM Supply Chain Blog

FEBRUARY 13, 2024

Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. Now, the full product history is available through just a batch or invoice number. For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one.

Strategic sourcing 86

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 86

Zycus Cognitive Procurement

JANUARY 2, 2023

Such solutions provide capabilities, such as automated workflow, vendor management, and electronic invoicing. With AP automation services , enterprises can process invoices faster and more accurately, reduce the risk of errors and fraud, and improve cash flow management.

Cost of ownership 52

Cost of ownership Vendor management Data Risk 52

SCMDOJO

NOVEMBER 17, 2023

In this blog, explore vital tips paving the way for a prosperous career in supply chain management. Regardless of how you find your way, a supply chain career offers unique advantages. Here are some compelling reasons why diving into supply chain management is a fantastic career choice. Lucky for you.

Agile and Lean Supply Chain 71

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 71

Supply Chain Game Changer

SEPTEMBER 16, 2022

Small businesses, like medium- and large-scale organizations, need to simplify accounting strategies to attain growth. Failing to set procedures for keeping your finances in check can strain your revenue unnecessarily and halt growth. However, business accounting is different and more complex than other business tasks.

supply chain budgeting 86

supply chain budgeting supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 86

Barkers Procurement

OCTOBER 18, 2023

As a small or medium enterprise, making your resources go as far as possible counts and procurement plays an integral part in this. In this blog we review why robust procurement is so crucial for SMEs. Procurement can reduce your capital requirements How much money do you need to achieve your business goals?

Import 52

Import Supply Chain Efficiency Procurement supply chain budgeting 52

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. Of course, I can only agree with their insights and the critical role of Procurement in solving business and societal problems, but one process is often overlooked.

e2e 130

e2e Suppliers Procurement Contract 130

Supply Chain Game Changer

DECEMBER 18, 2020

Business should consider automating article and permission to publish here provided by Susan Melony. In this article, we’ll talk about five automation areas that can transform the way your company does business. Any business should consider automating these processes. You should have a good relationship with your vendors.

Raw materials 79

Raw materials supply chain software solutions Supply Chain Optimization Purchasing 79

Procurify

JUNE 21, 2022

In fact, 75 percent of companies claim the supply chain disruptions have had negative or strongly negative impacts on their businesses. In order to float and not sink in the current business environment, companies may need financing solutions to deliver purchase orders. Let’s get to it. The importance of purchase orders.

Purchase orders 52

Purchase orders Purchasing Supply Chain Optimization Suppliers 52

Zycus Cognitive Procurement

JANUARY 20, 2023

With hundreds of thousands to millions of invoices to be processed every year, enterprises often employ dozens of accounts payable executives to do this job. With paperless invoicing, we refer to a transformational shift towards e-invoicing or electronic invoicing, with paper-based invoices gradually reduced in an enterprise.

Real-time Visibility 52

Real-time Visibility e2e Data Suppliers 52

Let's Talk Supply Chain

MARCH 30, 2023

Electronic Data Interchange (EDI) was introduced in the 1960’s to allow businesses to communicate key business transactions such as purchase orders, advanced shipping notices, and invoices electronically instead of via paper providing fewer errors and more efficiencies.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain supply chain software solutions Supply Chain Efficiency Supply chain 98

Let's Talk Supply Chain

FEBRUARY 8, 2023

IndustryWeek recommends that manufacturers minimize their risk and exposure by implementing digitalization strategies and a management operating system that provides better visibility across the supply chain and improving data capture and integrity. That’s precisely what these three companies used to suffer from.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain Suppliers 52

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. A procurement strategy is a structured plan that an organization develops to guide its purchasing process in a way that aligns with its business needs.

Procurement strategies 73

Procurement strategies Strategy Procurement Supply Chain Efficiency 73

Zycus Cognitive Procurement

FEBRUARY 14, 2022

Instead, the Accounts Payable (AP) department has become an integral part of any company that needs to be competitive in today’s business world. Nowadays, many companies (42%) use AP for problem-solving such as exception handling and credit management. Don’t risk falling even further behind!

e2e 40

e2e Suppliers Data Purchase orders 40

Supply Chain Game Changer

SEPTEMBER 22, 2022

Whether you’re servicing other businesses in a B2B capacity or serving the general public, you need to be able to procure the right types of items in the right quantities to be successful. Using an automated system for procurement and procurement management is critical to succeeding in today’s business world.

supply chain budgeting 101

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

Planergy

AUGUST 18, 2023

Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Preparing Your AP Department For The Future", to learn: How to transition from paper and excel to eInvoicing. How AP can improve relationships with your key suppliers. How better management in AP can give you better flexibility for cash flow management.

Management 52

Management Budget Collaboration Spend management 52

Planergy

AUGUST 18, 2023

Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Preparing Your AP Department For The Future", to learn: How to transition from paper and excel to eInvoicing. How AP can improve relationships with your key suppliers. How better management in AP can give you better flexibility for cash flow management.

Management 52

Management Budget Collaboration Spend management 52

Procurify

MAY 12, 2022

In a business, purchasing is the act of acquiring a good or service and typically involves the immediate day-to-day transactions between sellers and buyers. . In a business, purchasing is the act of acquiring a good or service and typically involves the immediate day-to-day transactions between sellers and buyers. . Before we begin.

Purchasing 52

Purchasing Procurement Purchase orders Cost of ownership 52

TYA Suite

DECEMBER 16, 2022

Modern technologies have been developed to address industry challenges and issues like project management, health, and safety. An enables rapid change adaptation and provides access across the entire business. An enables rapid change adaptation and provides access across the entire business. How does ERP help in construction?

Raw materials 52

Raw materials Budget Purchase orders Project management 52

Planergy

JANUARY 19, 2024

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. How to gain visibility and control of your 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

Supply Chain Collaborator

MAY 6, 2020

An “earthquake in supply and demand” is how the Wall Street Journal’s Logistics Report characterizes the effects of COVID-19 on supply chain management. This one piece of technology eminently supports broader supply chain digitization and that supports the increased demand for contactless supply chain management in the wake of COVID-19.

Supply Chain Efficiency 108

Supply Chain Efficiency Supply chain Supply Supply chain automation 108

Planergy

OCTOBER 18, 2023

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. How to gain visibility and control of your 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

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.

Management 96

Management Procurement Contract management Supply Chain Optimization 96

Procurement Software

MARCH 26, 2024

Welcome to a new series of blogs! These 5-minute insights are perfect to read on a coffee break if you’re keen to grow your knowledge of digital procurement tools. These 5-minute insights are perfect to read on a coffee break if you’re keen to grow your knowledge of digital procurement tools. Where are you based?

Procurement team 52

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

Barkers Procurement

MAY 11, 2023

Below is a look at how to go about evaluating software and at some of the features you may wish to keep a lookout for when choosing P2P software for your organisation. Consider the bigger picture P2P is part of the wider procurement strategy, and your software should be as well. It also keeps the evaluation on the right course.

Cost of ownership 52

Cost of ownership Real-time Visibility Purchase orders Procurement strategies 52

Zycus Cognitive Procurement

NOVEMBER 24, 2021

Furthermore, AP teams have a complex mandate as they interact with vendors and other business functions. Ardent Partners study estimated that half of the invoices are sent manually. Paper-based invoicing and maintaining manual records results in a lack of cost control, delay in payments and no spend visibility.

e2e 40

e2e Purchase orders Purchasing Vendor relationships 40

Empowering CPO

JUNE 20, 2023

Today, we’re unraveling the complexity of a crucial process that businesses worldwide rely on for smarter decision-making – spend analysis. In a world driven by data, every dollar spent and every resource allocated paints a story of business efficiency, or sometimes, the lack of it.

Real-time Visibility 52

Real-time Visibility Data Supply Chain Efficiency Purchase orders 52

Arkestro

SEPTEMBER 29, 2023

In this blog, we’ll explore how autonomous procurement is reshaping procurement execution, freeing organizations to spend less time on routine tasks — and more time on high-value activities that further overall business goals. What is the business impact of autonomous procurement? What is autonomous procurement?

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement Supply Chain Optimization 52

Empowering CPO

JULY 2, 2023

Introduction In an increasingly interconnected and competitive business landscape, the role of procurement has transformed from a supporting function to a strategic powerhouse. However, with time, the function evolved, incorporating strategic elements such as supplier relationship management, risk management, and sustainable sourcing.

Management 52

Management Procurement Strategic sourcing Strategic sourcing 52

Zycus Cognitive Procurement

JANUARY 24, 2023

Shortages in raw materials, energy, shipping, and labor required that CPOs performed at the top of their game to ensure business continuity. Let us look at each aspect: People: Enterprises should focus on hiring people who can interpret the pain points of business partners with their fact-based, decision-making skills.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

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. Identify cost heads that can be eliminated, reduced, or repurposed. . Reduce maverick spend.

Strategy 52

Strategy Real-time Visibility Contract e2e 52

Supply Chain Collaborator

OCTOBER 14, 2020

The rising interest in the notion of contactless supply chain is evident as businesses of all kinds seek to reduce the human interactions in the movement of materials into production facilities and deliver finished products to customers both wholesale and retail.

Supply chain 144

Supply chain e2e Supply Supply chain management 144

Strategic Sourceror

MAY 13, 2022

From microchips to crude oil to food staples that are typically well stocked — like wheat, corn and eggs — the items you need to complete your manufacturing processes remain difficult to come by. An approach that can help you more effectively manage this issue is to strengthen the relationships you have with your suppliers.

Suppliers 52

Suppliers Raw materials Strategic sourcing Strategic sourcing 52

Supply Chain Game Changer

NOVEMBER 11, 2021

What is Supplier Relationship Management (SRM)? Your business is only as exceptional as the goods or services it offers, and to get exceptional products, the right supplier is a must. It also depicts value for integrity, a reference you’d wish to see in your new supplier. Accountability to Basic Mistakes. Culture Fit.

Quality 91

Quality Suppliers Supplier relationship management Ethics 91

Planergy

JUNE 30, 2022

Download a free copy of "Preparing Your AP Department For The Future", to learn: How to transition from paper and excel to eInvoicing. How AP can improve relationships with your key suppliers. How better management in AP can give you better flexibility for cash flow management. The 8 Best Financial Management Tools.

Management 52

Management Real-time Visibility Budget Purchase orders 52

Planergy

MAY 30, 2023

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. In this blog post, we will discuss some of the basics of travel and expense management and some best practices to make your life a little bit easier.

Real-time Visibility 52

Real-time Visibility Management Purchase orders Purchasing 52