Procurement Insights

NOVEMBER 11, 2022

Specifically, that “efficient world-class supply management practice should involve multiple internal and external stakeholders” because “a successful source-to-settle workflow must look at the entire ecosystem that connects sourcing and procurement to accounts payable and treasury.” ” Mary Zampino.

Procurement 64

Procurement Business procurement Sourcing Price 64

Una

NOVEMBER 30, 2022

But procurement professionals and their executive leaders are realizing that digital procurement technology can create a better overall value proposition for their company, in addition to the traditional goal of finding more significant cost savings. 5 Benefits of digital transformation in procurement. The Future of Procurement.

Procurement 97

Procurement Supply Chain Efficiency Supply Chain Optimization Supply chain 97

Una

JUNE 22, 2023

Taking an Advisory Approach to Procurement An inside look at how Una, the nation’s fastest growing group purchasing organization, works to take an advisory approach to procurement. Utilizing these tools can drastically reduce the stressors that come along with developing and implementing a complete procurement strategy.

Procurement 52

Procurement Purchasing Procurement strategies Procurement team 52

Procurement Software

FEBRUARY 20, 2024

Apadua Apadua is a professional services sourcing software, based in Cologne, Germany. Founded in 2016, the company is led by two experienced procurement and management experts. In addition, Explore uses information from Source and Monitor to update its database. The platform is especially suited for SMEs.

Supply Chain Efficiency 59

Supply Chain Efficiency supply chain software solutions Procurement Real-time Visibility 59

Una

JUNE 6, 2024

One powerful way procurement can contribute is through intentional supplier selection and management. By prioritizing local and minority-owned businesses , procurement can ensure that a company’s economic impact stays within the community.

Procurement team 52

Procurement team Ethics Suppliers Procurement 52

ivalua

DECEMBER 6, 2022

As a result, purchases are linked to the wrong sub-category which jeopardizes the quality of spend analyses while it creates rework in the downstream process. With Procurement as an end-to-end process owner, your organization will keep a grip on spend and compliance. drives cost savings.

e2e 130

e2e Suppliers Procurement Contract 130

The Good Spending

JUNE 15, 2022

It presents industrial buying not as a single event but as an organizational decision-making process where multiple individuals decide on a purchase. New Tasks The first-time buyer seeks a wide variety of information to explore alternative purchasing solutions to their organizational task.

supply chain budgeting 52

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

Barkers Procurement

OCTOBER 2, 2023

Why A Procurement Managed Service Can Transform Your Business Procurement is about more than just acquiring goods and services at the right time and at the best price for your business. You have to plan your procurement and align it with the overarching goals of the organisaton. Can you get them cheaper?

Management 52

Management Procurement Contract Contract management 52

Procurement Software

OCTOBER 17, 2023

Procurement spend data is often unstructured, difficult to interpret and unreliable as a source of truth. Poor data quality is one of the biggest challenges that procurement leaders face when embarking on a digital transformation or procurement excellence journey. Procurement’s dirty spend data: why, and what to do?

Data 59

Data Procurement supply chain budgeting supply chain software solutions 59

Supply Chain Game Changer

MAY 26, 2020

Less enlightened organizations still think of Procurement as a back office function processing transactional purchase orders and standard contracts. But better informed and leading organizations see and recognize Procurement for its strategic value. What actually is the power that is within Procurement’s mandate?

Procurement 105

Procurement Purchase orders Ethics Supply Chain Optimization 105

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. It provides workflows, document management, and reporting functions for procurement needs.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

The Good Spending

JANUARY 13, 2024

However, this blog isn't meant to hail perpetual licenses - it's all about IT procurement. When a company purchases software, that license is considered a business asset. My Udemy course "Adaptive Sourcing: Agile Procurement in Practice." 5 Possible Answers to the Problem Software Asset Management (SAM).

Contract management 59

Contract management Negotiation Contract Demand 59

Pipefy

DECEMBER 18, 2023

Procurement teams also want less time spent on “low-value” work caused by inefficient and manual purchasing processes so they can focus on innovative high-level activities. This means a solution that: Maintains oversight of purchasing patterns overalls. For the first time in 10 years, procurement operating costs have gone up.

Procurement 52

Procurement Agile and Lean Supply Chain Procurement team supply chain budgeting 52

Empowering CPO

JUNE 30, 2023

In simple terms, they are a suite of services where a third-party provider, like EmpoweringCPO, manages various procurement functions on behalf of an organization. These services can range from strategic sourcing and supplier management to purchase order management and invoicing. What Makes Up Managed Procurement Services?

Management 40

Management Procurement Supply Chain Efficiency Strategic sourcing 40

Empowering CPO

JULY 17, 2023

Introduction Brief Explanation of the Role of Procurement in Businesses Procurement is the lifeblood of any business, large or small. It’s the complex process through which businesses source and acquire the goods and services they need to operate and grow.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Supply Chain Optimization 52

Arkestro

NOVEMBER 7, 2023

Len DeCandia , former CPO of Johnson & Johnson, recently shared in a webinar, The Power Couple: Uniting Manufacturing CFOs and Procurement for Margin Expansion, that the innovation demonstrated in this instance was a value beyond cost savings but had a significant material impact on a topline business metric by accelerating a product launch.

Procurement 52

Procurement Supply Chain Efficiency Innovation Procurement team 52

Pipefy

MAY 23, 2023

In its long history , procurement has evolved from self-contained purchasing entities to an essential business partner handling processes involving several departments and many subprocesses. Because of this, carrying out its operations manually is time-consuming and incredibly expensive for businesses.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

Pipefy

FEBRUARY 3, 2023

Invoices provide procurement teams the ability to leverage information from past purchases to better inform future purchases. By eliminating manual data entry, teams can ensure that the information being processed is accurate and aligns with all the documentation on file, such as purchase orders and receipts for goods.

e2e 59

e2e Management Purchase orders Real-time Visibility 59

The Good Spending

DECEMBER 14, 2023

SaaS procurement negotiations in today's business ecosystem have evolved to encompass multifaceted strategic considerations beyond traditional software purchases. Understanding Modern SaaS Procurement SaaS procurement negotiations extend far beyond cost considerations.

Negotiation 59

Negotiation Procurement Contract Price 59

Pipefy

MAY 9, 2023

Build a more efficient and connected procure-to-pay process with The Definitive Guide to P2P Optimization Importance of procurement KPIs Procurement has evolved over the years from transactional functions (now associated with purchasing) to encompass strategic activities focused on maximizing and creating value for a business.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

Zycus Cognitive Procurement

DECEMBER 15, 2022

Supply chain management has long been characterized by the need to source and aggregate goods from various vendors, manufacturers, and suppliers across a wide geographic area. Supply chain resilience refers to the ability of businesses to anticipate and adapt to threats and disruptions while maintaining optimal performance levels.

Supply chain management 52

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 52

The Good Spending

DECEMBER 13, 2021

Tail spend starts with the best intention to satisfy the business needs quickly and returns a handful of residual problems: non-contracted or generally non-compliant spend; a high volume of transactions; a high labor cost to the company, as each transaction requires reconciliation, processing, acceptance of goods, etc.

Buyers 52

Buyers Quantity Procurement Contract 52

Claritum

AUGUST 4, 2020

Introduction Procurement is a complex. multidisciplinary team activity that crosses all areas of the business. The variables and complexities of purchasing products and services, from basic supplies through to strategic purchases, make Procurement a key. resource within the business. organisation.

Procurement 41

Procurement Procurement team Supply Chain Efficiency Purchasing 41

Empowering CPO

JUNE 9, 2023

The Importance of Procurement in Business Procurement is the lifeblood of any business. It is the process of sourcing, negotiating, and purchasing the goods and services a business requires to carry out its operations. Examples include cost savings, cost avoidance, and purchase price variance.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

Claritum

NOVEMBER 16, 2018

Procurement is a complex multidisciplinary team activity that crosses all areas of the business. The variables and complexities of purchasing products and services, from basic supplies through to strategic purchases, make Procurement a key resource within the business. Introduction. Step 1 Remove the noise.

Procurement 69

Procurement Procurement team Supply Chain Efficiency Purchasing 69

Arkestro

MARCH 2, 2023

Prochaska encourages teams to have a forward thinking approach: “Procurement has the opportunity to focus not on the spend with a supplier over the last 24 months , but what’s the activity that I can predict in the marketplace to secure a better price, better value, and better supply.” What once previously worked may no longer be a reality.

Procurement 52

Procurement Procurement team Price Suppliers 52

Arkestro

MARCH 2, 2023

Prochaska encourages teams to have a forward thinking approach: “Procurement has the opportunity to focus not on the spend with a supplier over the last 24 months , but what’s the activity that I can predict in the marketplace to secure a better price, better value, and better supply.” What once previously worked may no longer be a reality.

Procurement 52

Procurement Procurement team Price Suppliers 52

Claritum

SEPTEMBER 27, 2018

Where goals and motivations are concerned, the NfP sector is defined by the greater restrictions placed on changes to their goals: this coming from legislation, funding source restrictions and having to adhere closely to their defined purpose. Procurement is constrained only by this minimum set. 2 Goals and Motivations. 4 Regulations.

Supply Chain Efficiency 36

Supply Chain Efficiency supply chain budgeting Procurement Ethics 36

Claritum

OCTOBER 12, 2018

Are you a 2-dimensional or a 3-dimensional purchasing organisation? Automation for the 3-dimensional purchasing organisation. Procurement needs to transform and continue to transform to align to the business. Procurement has to move away from a transaction based function and become an advisory resource.

Procurement 47

Procurement Eprocurement Category management Purchasing 47