Jaggaer

FEBRUARY 5, 2025

Historical data and AI-driven insights help optimize decision-making, allowing procurement teams to focus their expertise on more nuanced evaluations like supplier alignment with business strategy and customer service approach. Poorly managed onboarding can even put the entire payment chain at risk of vendor fraud or mistakes.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

Planergy

MAY 8, 2025

4] Automated Supplier Management is the New Standard: From onboarding to performance monitoring, automation tools are improving accuracy, compliance, and vendor relationships while easing the administrative burden. [5] 7] This proactive approach supports continuity and reduces the impact of supply chain disruptions.

Strategy 52

Strategy Real-time Visibility Procurement Agile and Lean Supply Chain 52

TYA Suite

MAY 13, 2025

Over time, these enhanced collaborations improve supply chain stability and can even lead to co-innovation opportunities. Agility in response to market changes In todays fast-paced market, businesses must be agile and responsive to changing conditions, whether it's fluctuating raw material prices or sudden shifts in consumer demand.

Procurement 40

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 40

HICX

DECEMBER 11, 2023

The effective management of supply chains is critical to business operations and by adopting newer digital solutions, organizations can benefit from improved efficiency, reduced costs and operational improvements across the supply chain as a whole. The result is a more synchronized and agile supply chain.

Supply chain management 52

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

Jaggaer

APRIL 14, 2020

Define your procurement response strategy. Catch the on-demand webinar on building business continuity plans and business strategies for the short, mid and long-term. This is perhaps an extreme example, but it highlights how COVID-19 is causing severe disruptions to supply chains. The longer-term impacts.

supply chain budgeting 52

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

The Good Spending

AUGUST 23, 2022

Procurement must work closely with the supply chain to optimize depreciation exposure to sell or dispose of slow-moving or obsolete inventories. It is possible to optimize the internal use of those spaces and sublease it. Risk management is the future of the procurement profession, alongside relationship management.

Procurement 98

Procurement supply chain budgeting Supply Chain Optimization Budget 98

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.

supply chain software solutions 76

supply chain software solutions Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization 76

IBM Supply Chain Blog

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. The strategy should be flexible enough to adapt to changing market conditions and organizational needs.

Procurement strategies 65

Procurement strategies Strategy Procurement Supply Chain Efficiency 65

Empowering CPO

JULY 16, 2023

Our services range from spend analysis and supplier relationship management to contract management, strategic sourcing, and e-procurement solutions. With EmpoweringCPO, your procurement processes are not just managed; they’re transformed and empowered.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Pipefy

JANUARY 9, 2024

The benefits include cost savings increase, better decision making and risk management. Smart procurement is the use of advanced technology, such as AI, automation , and RPA to optimize procurement processes and relieve professionals from monotonous tasks in order to achieve greater efficiency. What is smart procurement?

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency Procurement supply chain software solutions 52

Zycus Cognitive Procurement

SEPTEMBER 28, 2022

Luke Elliott discussed the dramatic shift in Procurement landscape and how Digital Procurement can help leaders stay resilient in the face of current challenges with respect to price inflation being at a 40-year high and disruptive supply chains leading to stock issues. 96% of the leaders believe that this a long-term trend.

Procurement 40

Procurement Chief Procurement Officer Agile and Lean Supply Chain supply chain software solutions 40

NLPA (Next Level Purchasing Association)

MAY 7, 2023

Procurement teams need to be actively involved in the S&OP process to ensure that demand forecasts are accurate, supply plans are optimized, and inventory levels are balanced. Supply Risk Checklist Vendor Risk Management Your Business Strategy Is Foolproof, Right?

supply chain budgeting 52

supply chain budgeting Demand Strategic planning Demand Planning 52

Pipefy

JANUARY 30, 2024

In the 2024 State of Procurement Data Report by Amazon Business, 95% of decision-makers surveyed acknowledge that there’s room for procurement optimization. Teams will need to rely on greater investments in the right tools and technology to make these optimizations, from no-code automation to AI and data analytics.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Real-time Visibility Supply Chain Efficiency 52

Empowering CPO

JULY 16, 2023

Our services range from spend analysis and supplier relationship management to contract management, strategic sourcing, and e-procurement solutions. With EmpoweringCPO, your procurement processes are not just managed; they’re transformed and empowered.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

IBM Supply Chain Blog

APRIL 4, 2024

Conversely, it has a larger scope than task management, which deals with individual tasks, and project management, which handles one-time initiatives. Business process management examples BPM can help improve overall business operations by optimizing various business processes.

Real-time Visibility 54

Real-time Visibility Management e2e Supply Chain Efficiency 54

Planergy

SEPTEMBER 5, 2023

Sets Financial Goals and Objectives A well-prepared budget serves as a roadmap for your business’s financial growth. By setting clear financial targets, you can align your business strategies with your desired outcomes, such as increased revenue, reduced expenses, or higher profitability.

supply chain budgeting 92

supply chain budgeting Budget Real-time Visibility Spend management 92

Empowering CPO

MAY 4, 2023

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. Advantages of digital procurement systems The digital transformation of procurement processes offers numerous advantages to businesses.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Planergy

SEPTEMBER 12, 2023

Vertical Integration: By taking control of different stages of the production or distribution process, businesses can gain supply chain control, reduce costs, increase efficiency, and differentiate their products and services. What is Horizontal Integration?

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply Chain Optimization supply chain budgeting 52

TYA Suite

SEPTEMBER 15, 2024

ERP systems are designed to centralize and automate various business processes, providing a unified platform for managing resources, finances, operations, and supply chains. These insights enable businesses to identify cost-saving opportunities, optimize , and make informed decisions based on data-driven analysis.

Procurement 40

Procurement Real-time Visibility supply chain software solutions Supply Chain Efficiency 40

Zycus Cognitive Procurement

JANUARY 31, 2023

By engaging in SRM practices, businesses can identify the best suppliers from which to source materials and services, optimize costs, mitigate risk, explore new opportunities for top-line growth through supplier innovation, streamline operational processes and receive preferential treatment as a customer of choice.

Supplier relationship management 40

Supplier relationship management Suppliers Management Supply Chain Efficiency 40

IBM Supply Chain Blog

MARCH 26, 2024

How aligned is the sustainability strategy to the business strategy? How is sustainability managed—as an annual measuring exercise or an ongoing effort that supports business transformation? Questions might include: Where is the organization relative to its required and voluntary sustainability goals?

Sustainability 60

Sustainability Data Strategy supply chain budgeting 60

Empowering CPO

JUNE 25, 2023

It’s a strategic function that requires careful planning, selection, and negotiation to ensure that businesses get the best value for their money. It’s a delicate balancing act, where businesses must juggle quality, cost, supplier relationships, and risk management, all while keeping an eye on their bottom line.

Procurement 52

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

Empowering CPO

JUNE 9, 2023

By measuring key aspects of the procurement process, these metrics provide insights that can drive significant improvements in cost-efficiency, operational performance, and supply chain resilience. Importance and Impact on the Organization – Delivery metrics are vital for maintaining a smooth and efficient supply chain.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

Empowering CPO

JULY 3, 2023

Introduction In the complex and fast-paced business world of today, Managed Procurement Services (MPS) have emerged as a key solution for enterprises seeking to streamline their operations, improve efficiencies, and achieve cost savings. Procurement is no longer just about purchasing goods and services at the lowest cost.

Innovation 52

Innovation Strategy Procurement Management 52

TYA Suite

NOVEMBER 25, 2024

This approach involves analyzing the entire supply chain to ensure that products are sourced, produced, and disposed of in ways that are ethical and eco-friendly. For instance, investing in sustainable that focus on reducing waste and optimizing resource use can lead to lower disposal costs and decreased energy bills.

Sustainability 40

Sustainability Import Supply Chain Efficiency Procurement 40

Pipefy

MAY 9, 2023

Definition of procurement KPIs Key performance indicators (KPIs) are measurements of the efficacy of a business department, process, or strategy. They are essential to measure the costs and reliability of a business strategy, as well as the performance and results. After all, your shortages are their problem, as well.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

SCMDOJO

JANUARY 15, 2025

Embarking on a supply chain career offers exciting opportunities, but success requires understanding the diverse roles and specializations within the field. Mid-Level Opportunities Mid-level roles, like supply chain analysts and procurement specialists, involve process evaluation, supplier negotiations, and team supervision.

Supply Chain Efficiency 52

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