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. It is usually time consuming, require multiple approvals and follow ups.

Sourcing 52

Sourcing Real-time Visibility Procurement Buyers 52

ivalua

FEBRUARY 27, 2023

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which provide procurement with the tools needed to maximize the value they get from their supplier relationships, automate and streamline processes, and identify opportunities for cost savings.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

ivalua

JANUARY 13, 2021

– Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels. – Process efficiency with reduced cycle times and considerably decreased errors or fraud opportunities. – Results : 30% decrease of process time.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Budget 235

Procurement Tactics

DECEMBER 6, 2022

However, these manual processes are ineffective and cost a lot of effort, time, and money. Spend management usually includes strategic procurement processes such as category management, supplier management, inventory management, and product development. . Visibility of expense data. What is Spend Management? Eliminate fraud.

Spend management 172

Spend management Management Real-time Visibility Budget 172

Procurement Software

APRIL 23, 2024

Located in Amsterdam, Netherlands, the company leverages advanced AI technologies to enhance procurement processes, focusing on efficiency and data visibility. What sets Mithra-AI apart is its real-time, continuous visibility of spend data, coupled with proactive alerts for opportunities and risks.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Supply Chain Efficiency supply chain budgeting 52

Jaggaer

FEBRUARY 14, 2019

Procure-to-Pay (P2P) and Source-to-Pay (S2P) are two terms often used within the software industry to describe digital solutions that create efficiencies within procurement. Source-to-Pay includes all of what P2P has to offer, and expands capabilities to include the “sourcing” of products and services.

Purchasing 49

Purchasing Sourcing Real-time Visibility Budget 49

Arkestro

JUNE 6, 2023

On the one side, finance is concerned with keeping the company budget in the black. On the other side, procurement is concerned with keeping company operations running smoothly and judicially making the most of budgets. Ultimately, both want the same goal — ensuring business outcomes are positive, timely, and on-budget.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility supply chain budgeting 52

IBM Supply Chain Blog

JUNE 29, 2023

Integrated planning incorporates supply chain planning, demand planning, and demand forecasts so the company can quickly assess the impact on inventory levels, supply chain logistics, production plans, and customer service capacity. Data integration and analytics IBP relies on the integration of data from different sources and systems.

supply chain software solutions 86

supply chain software solutions Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization 86

ivalua

NOVEMBER 10, 2020

Innovating to Uncover New Sources of Revenue in the Public Sector. Step 1: Use e Procurement Systems as a Potential Source of Revenue. Thinking of procurement as a new source of revenue is certainly counterintuitive, but it fits the bill of thinking differently. 11 state central procurement offices have other sources of funding.

Procurement 130

Procurement Real-time Visibility Contract Sourcing 130

Arkestro

MARCH 27, 2024

Regardless of industry, procurement buyers fulfill their role by finding the best suppliers, negotiating contracts, and identifying the most cost-effective, timely procurement of goods. The best procurement buyers have a solid understanding of market trends, supplier performance, and ethical sourcing. You can unsubscribe at any time.

Buyers 52

Buyers Supply Chain Efficiency supply chain budgeting Procurement 52

Spend Matters

JUNE 19, 2023

budget compliance and inventory availability), enable effective spend, preferred supplier and category management. from sourcing events), the ability to use external content as part of its catalogs (e.g., from sourcing events), the ability to use external content as part of its catalogs (e.g.,

Procurement solutions 87

Procurement solutions Procurement supply chain budgeting Real-time Visibility 87

Empowering CPO

JUNE 26, 2023

From data-driven decision making to real-time spend visibility, predictive analytics, supplier collaboration, intelligent automation, and data security, we will explore each trend in depth, shedding light on their significance and potential impact on businesses.

Real-time Visibility 40

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

Supply Chain Game Changer

JULY 21, 2021

In supply chain, simply observing your entire supply chain in action to assess it is not possible, but with data and a reliable performance management system like The Owl, you can at-least have a real-time view of your supply chain performance through KPIs and metrics. Customer Lead Time (Service). Inventory Turnover (Cash).

Supply Chain KPIs 98

Supply Chain KPIs supply chain budgeting Supply Chain Efficiency supply chain software solutions 98

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. An effective TEM solution will help an organization save money, time, and resources while providing visibility into spending patterns.

Real-time Visibility 52

Real-time Visibility Management Purchase orders Purchasing 52

Spend Matters

JUNE 19, 2023

Why buy a Procure-to-Pay solution Integrated P2P solutions help procurement and finance by implementing sourced contracts to actually deliver value, reduce paper-based processes and improve operational efficiency and effectiveness. from sourcing events), the ability to use external content as part of its catalogs (e.g.,

Procurement 79

Procurement Real-time Visibility Purchasing Inventory 79

SCMDOJO

MAY 6, 2022

Many supply chain systems are closed-source, all-in-one, proprietary, expensive, and difficult to customize ( read Why ERP Sucks ). The benefits include cost savings and a quick turnaround time from development to implementation. Reduces Time to Market. However, Finance is now Fintech and Marketing is now Digital Marketing.

supply chain software solutions 111

supply chain software solutions Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 111

IBM Supply Chain Blog

DECEMBER 8, 2023

By maintaining an updated list, CISA aims to provide an “authoritative source of vulnerabilities that have been exploited in the wild” 2 and empower organizations to mitigate potential risks effectively in order to stay one step ahead in the battle against cyberattacks.

Real-time Visibility 77

Real-time Visibility Risk Management Budget 77

IBM Supply Chain Blog

FEBRUARY 14, 2024

Customer-facing AI use cases Deliver superior customer service Customers can now be assisted in real time with conversational AI. The IBM team is even using generative AI to create synthetic data to build more robust and trustworthy AI models and to stand in for real-world data protected by privacy and copyright laws.

Real-time Visibility 90

Real-time Visibility Data Supply Chain Efficiency Supply Chain Optimization 90

Empowering CPO

JUNE 26, 2023

In healthcare, where budgets are tight and patient care is the top priority, effective spend analysis holds tremendous value. Supplier Relationship Management: Effective supplier relationship management is vital in the healthcare industry to ensure the availability of quality products, timely delivery, and favorable pricing.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Supplier consolidation 52

Spend Matters

MARCH 11, 2024

For our readers who couldn’t/didn’t attend, here are our own reflections based on the time we had ( if we missed you, apologies, but do reach out to us here to get your procurement tech solution in front of our analysts ). So cleansing of SMFs is vital, even though it takes time. with a new CFO, or new budget.

Procurement strategies 94

Procurement strategies Innovation Strategy Procurement 94

Arkestro

FEBRUARY 15, 2023

Luckily, Artificial Intelligence (AI) solutions can help make automotive purchasing more reliable, by: Streamlining purchase orders Decreasing the oversight and time spent in workflows to manually review and verify mundane details in purchase orders and verify their accuracy.

Purchasing 52

Purchasing Purchase orders supply chain software solutions supply chain budgeting 52

Empowering CPO

JUNE 25, 2023

Spend Analysis is a process where procurement data from various sources are collected, cleansed, categorized, and analyzed. Its purpose is to increase visibility of procurement spend, identify savings opportunities, improve operational efficiency, and monitor supplier performance. But what exactly is Spend Analysis?

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Real-time Visibility Data 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. 1 ) AI-Assisted Sourcing.

Real-time Visibility 40

Real-time Visibility Procurement Contract management Bidding 40

ivalua

AUGUST 5, 2020

If this is done in a coordinated way, Invoice to Pay is more powerful than the traditional silo’s of Invoice software management, budget allocation and payments. This makes paying an invoice faster, simpler and on time. AP automation with embedded smart matching workflow that facilitates continuous improvement, without compromise.

supply chain software solutions 130

supply chain software solutions Real-time Visibility Suppliers supply chain budgeting 130

Pipefy

OCTOBER 25, 2023

To do this, procurement teams require visibility into their data, control over their processes, and a seat at the business strategy table. Better decision making to maximize business spend Procurement is a great source of data that companies can pull knowledge and insights from. Profitability. Resilience.

Innovation 52

Innovation Strategy e2e Supply Chain Efficiency 52

Planergy

MARCH 2, 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. Tail spend analysis helps companies identify areas of spend that are falling through the cracks and gain visibility into their overall spending.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Real-time Visibility supply chain software solutions 52

Spend Matters

JUNE 19, 2023

They also improve access to contract information and drive more effective and timely purchasing decisions through the re-use of information to create contract terms and notifications of when to take critical actions. Click to enlarge Central to the typical Contract Lifecycle Management experience is the contract drafting process.

Contract 89

Contract Management Negotiation Real-time Visibility 89

Planergy

AUGUST 21, 2023

Though a decrease in accounts payable has a positive impact on your financial statements, it reduces the total amount of cash available, with the decrease representing the total amount of cash transactions that have been paid over a specific period of time. How Can You Manage Accounts Payable to Improve Cash Flow? Here’s how.

Real-time Visibility 52

Real-time Visibility Purchasing supply chain software solutions Spend management 52

Zycus Cognitive Procurement

APRIL 18, 2022

When it comes to S pend A nalysis , it has been too easy to recognize the most visible parts of the business. These can include off-contract spends, fragmented spends, low-value transactions, non-PO spends, one-time purchases, unclassified/misclassified purchases, and more. Decentralization & Lack of Visibility. Andy Benoit.

Data 40

Data Real-time Visibility Suppliers Purchasing 40

Planergy

JUNE 30, 2022

Financial management refers to activities related to planning, organizing, directing, and controlling an organization’s financial activities, including procurement, investment decisions, budgeting, financial planning, billing and payments, and more. Your Budget: How much are you willing to allocate to these tools?

Management 52

Management Real-time Visibility Budget Purchase orders 52

Pipefy

JANUARY 31, 2023

Not only does this process ensure that compliance with purchasing policies is followed, it also allows the purchasing team to control spending, adhere to budgets, tap into existing discounts or credits, and gain oversight into the goods and services being requested and fulfilled. What is the purchase requisition approval process?

Purchasing 52

Purchasing Purchase orders Real-time Visibility e2e 52

The Procuretech Podcast

MARCH 31, 2020

Tarmo Saidla joins me from Procurement Flow, an Estonian startup focusing on: Making workflows more visible for procurement and requisitioners Keeping budgets under control for CFOs Allowing project managers to keep track in real time of what in the process their requisitions for materials and services are at.

Real-time Visibility 40

Real-time Visibility Procurement Management Buyers 40

The Network Effect

FEBRUARY 12, 2016

We’ve seen major technology shifts many times before, but this time it’s different. Hershey’s ERP failure induced 8% stock drop [Source: CIO.com ]. Source: CIO.com ]. Source: DefenseSystems.com ]. Source: ComputerWorld.com ]. Enterprise Software Survey: Over Promise, Over Budget, Over Due… Under Perform.

Real-time Visibility 41

Real-time Visibility supply chain budgeting supply chain software solutions Budget 41

Planergy

JULY 27, 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. Timeliness Expenses must be reported in a timely manner. Based on this feedback, the process can be refined and improved over time.

Real-time Visibility 52

Real-time Visibility Purchasing Management Budget 52

Planergy

SEPTEMBER 20, 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. The right business travel management tools can save you time, money, and countless headaches. But fear not, weary traveler!

Management 52

Management Real-time Visibility Budget Spend management 52

The Thomas Blog

JUNE 22, 2022

Surveys have shown that the purchasing decisions of industrial buyers are most heavily influenced by detailed technical information about the products/services they are sourcing, which is why common content and pages that attract new customers are: Part-level specifications. The front lines of sourcing. Capabilities. Decision-makers.

Buyers 64

Buyers Real-time Visibility supply chain budgeting Supply Chain Efficiency 64

Empowering CPO

JUNE 20, 2023

For instance, let’s look at a real-world example. A global manufacturing company was grappling with escalating procurement costs and a lack of visibility into their spending. Data Classification: After the data is cleaned, it’s time to classify it.

Real-time Visibility 52

Real-time Visibility Data Supply Chain Efficiency Purchase orders 52