Budget Contract management e2e Strategic sourcing 
Procurement Tactics
JUNE 28, 2023
Budget and Cost Control Procurement expenditures, monitoring variations in the cost and identifying opportunities for savings, and avoiding unnecessary costs shall be monitored in accordance with the approved budget. These tools allow for automated, integration to suppliers and visibility in procurement data at any time.
World of Procurement blog
MAY 10, 2024
This supports strategic sourcing efforts. Predicting future spend : By analyzing historical spend data, AI algorithms can create spending forecasts, predict seasonal demand changes, and model the impact of external factors on budgets. This maximizes value from sourcing partnerships. This enables more accurate planning.
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Supply Chain Game Changer
OCTOBER 28, 2021
Lack of Visibility Beyond Tier 1. According to the 2021 Deloitte Chief Procurement Officer Survey, “Around 70% of CPOs felt that they had good visibility on the risks that existed in their direct (tier 1) suppliers. And, only 15% had visibility into tier 2 or beyond. Dirty Little Secret #1. Dirty Little Secret #2–4.
Procurement Software
MAY 16, 2023
It may feel like P2P suites are the sole preserve of large enterprises with huge budgets. The software automates workflows and approvals, manages supplier catalogues, and provides real-time analytics for better decision-making. The module also includes features such as contract management, invoice processing, and payment processing.
Procurement Software
MARCH 5, 2024
The software was founded by a group of seasoned procurement professionals who have developed a full-suite spend management platform with two overriding principles: time to value and ease of use. FRDM FRDM is a software company specialising in supply chain risk management.
Procurement Software
JULY 18, 2023
Procoto offers features including: Strategic sourcing Smart databasing Workflow approvals RFP management Data transformation The platform’s tools and analytics aim to level the playing field between small and large companies – giving leverage to SMEs. It gives you full visibility of your spend data, all in one place.
Empowering CPO
JUNE 25, 2023
Through tools like spend analysis, businesses can gain in-depth insights into their spending patterns, identify cost-saving opportunities, and drive strategic sourcing. AI can enhance supplier selection, contract negotiation, and risk management, while blockchain can improve transparency and traceability in the supply chain.
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