Procurement Software

MARCH 26, 2024

Welcome to a new series of blogs! Your email inbox is probably your only real “database” of supplier information. As a result, practitioners spend more time hunting for information than they do interpreting, analysing and utilising it to make decisions – i.e. the job they were hired for.

Procurement team 52

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

Empowering CPO

JULY 2, 2023

As companies grapple with economic uncertainties and rapidly evolving market dynamics, the focus is shifting from mere cost-cutting to strategic cost management. In this context, Managed Procurement Services offer an effective path to achieve this objective, leveraging innovation, process efficiency, and expert insights.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Empowering CPO

JUNE 27, 2023

Traditional approaches to spend analysis relied heavily on manual processes and limited data visibility. This blog will delve into the profound impact of digital transformation on spend analysis. This involves leveraging digital tools to automate routine tasks, enable real-time communication, and establish seamless workflows.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Data 40

Empowering CPO

JUNE 30, 2023

Our offerings range from spend analysis and supplier management to strategic sourcing and contract lifecycle management, each tailored to the unique needs and objectives of our clients. It can result in stock-outs or overstock, poor quality control, and longer lead times. Let’s break it down.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 52

Zycus Cognitive Procurement

SEPTEMBER 28, 2022

Time-consuming – The entire process from receiving the PO to making the payment can take up to 30 days. And a big chunk of this time is spent on manually matching the invoices with the PO. Lack of visibility – Since the entire process is manual, it is difficult to track the status of invoices and payments. Time savings – .

Real-time Visibility 40

Real-time Visibility Purchase orders Purchasing Suppliers 40

World of Procurement blog

MAY 8, 2024

Order Fulfillment Once a contract is signed, the supplier begins delivering goods or services as per the agreement. The procurement team manages the order, monitors quality, ensures on-time delivery, processes invoices, and handles any issues that arise during fulfillment.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Planergy

JANUARY 19, 2024

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. Taking your time throughout the process ensures you get the best possible match. Vendor analysis is crucial for risk management.

Vendor management 52

Vendor management Suppliers Quality Supply Chain Efficiency 52

Procurify

MAY 26, 2022

Lean supply chain management is about reducing costs and lowering waste as much as possible. Managers make purchases on an as-needed or just-in-time basis to avoid any overproduction and unnecessary storage. . One of the keys to lean supply chain management is reducing the inventory you have on hand.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 52

Empowering CPO

JULY 3, 2023

These strategies, leveraging cutting-edge technologies, data-driven insights, sustainable practices, and strategic supplier relationships, are transforming the way businesses manage their procurement functions. One of the ways we bring innovation to managed procurement services is through the use of advanced technology.

Innovation 52

Innovation Strategy Procurement Management 52

Empowering CPO

JUNE 30, 2023

Introduction Have you ever wondered how much time, effort, and money your company spends on procurement? With today’s increasing business complexity and the pressure to do more with less, it’s time to explore how managed procurement services can transform your business. Allow us to introduce ourselves.

Management 40

Management Procurement Real-time Visibility Supply Chain Efficiency 40

Empowering CPO

JUNE 27, 2023

Next in our blog, we will delve into the need for a spend analysis solution and explore the challenges faced by organizations in managing their spend effectively. Without proper spend analysis, it becomes difficult to identify potential supplier risks, such as non-compliance or unethical practices.

Real-time Visibility 40

Real-time Visibility Supply Chain Optimization Data Suppliers 40

Empowering CPO

MAY 15, 2023

But in recent times, this function has evolved far beyond the simple act of purchasing. In this blog post, we will take a deep dive into understanding both these crucial aspects of procurement. This might involve streamlining workflows, automating repetitive tasks, or improving data management practices.

Procurement 52

Procurement Innovation Quality Cost of ownership 52

Empowering CPO

JUNE 14, 2023

Purpose of the Blog Post This blog post will serve as your guide to innovative procurement models. It is a strategic process that involves identifying business needs, sourcing suppliers, negotiating contracts, managing supplier relationships, and ensuring the timely delivery of high-quality products or services.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

HICX

FEBRUARY 15, 2024

This has led to organizations investing capital in and spending time on optimizing supply chains to cut lead times, improve supplier performance and increase business profitability. From cloud-based platforms to advanced supplier data analytics , digital solutions are addressing the challenges of supply chain management.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency supply chain software solutions 52

Supply Chain Game Changer

JULY 3, 2019

But, as stakeholders in the future of tomorrow, we also have to be conscious about the necessary steps to realize sustainable impact, for real. So, what are the steps that need to be taken in businesses globally to make real sustainable impact? Businesses must serve as the champions of sustainability. Source: Purina.

Sustainability 58

Sustainability Sourcing Supply Chain Efficiency Real-time Visibility 58

Supply Chain Game Changer

NOVEMBER 9, 2018

If you have been with a company for a long time you may understand the inner workings of the company’s Supply Chain very well but you may lack the objectivity to assess how well it is working. There may be real problems. Lack of an effective Supplier Relationship Management program. Lean, Agility).

Agile and Lean Supply Chain 43

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Supply 43

World of Procurement blog

MAY 8, 2024

Customers receive orders on-time without backlogs. Plan The planning phase focuses on forecasting demand to determine what products are needed, the quantities required, and timing of orders. Source Sourcing involves identifying suppliers and negotiating pricing, lead times, quality, and other terms.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply chain management Supply chain management Supply Chain Optimization 40

Empowering CPO

MAY 4, 2023

By effectively managing the purchasing process, companies can better control their expenditures and optimize their supply chain, ensuring the availability of the right products and services at the right time. Focus on Supplier Relationship Management A. Embrace Digital Transformation A.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Positive Purchasing

MAY 9, 2023

We then built a management information object that puts a handle on that data and allows us to extract it. Explore areas that allow you to extract real value. Right now, there are a swathe of businesses trying to recruit these kinds of specialists, so attracting and retaining top talent is a real challenge.

Procurement 52

Procurement Buyers Real-time Visibility supply chain budgeting 52

HICX

SEPTEMBER 11, 2023

What is supplier risk management? Supplier risk management (which can be referred to as SRM, although this acronym more commonly means supplier relationship management) is a process that identifies, assesses and mitigates threats posed in the organization’s supply chain that have the potential to impact revenue generation and profit.

Risk management 52

Risk management Risk Suppliers Management 52

Claritum

JULY 31, 2018

Claritum Article - Procurement Blog. This article focuses on effective supplier management. The five pillars of effective supplier management covered in this article are: Supplier Information Management. Supplier Lifecycle Management. Supplier Lifecycle Management.

Suppliers 42

Suppliers Management Real-time Visibility Risk 42