Remove Business strategy Remove Spend management Remove Supply Chain Optimization Remove supply chain software solutions
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Procurement Technology: 6 Solutions You Should Know In 2024

Pipefy

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.

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Budgeting Process: Steps and Best Practices for Planning a Budget

Planergy

In this article, we will discuss the typical steps involved in the budgeting process, the challenges of forecasting, best practices for effective business budgeting. We will also look at how spend management software , like Planergy, can help keep track of expenses and control spending within budget limits.

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7 Best Procurement Tools to Streamline Your Business Processes

Pipefy

Many organizations have implemented software automation tools that allow them to get more done at a lower cost, but procurement is one area that has lagged behind in this trend. According to Amazon’s 2024 State of Procurement report, 95% of decision makers believe that procurement has room for optimization.

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Horizontal vs. Vertical Integration: A Comprehensive Guide

Planergy

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?

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Supplier Relationship Management: A Comprehensive Guide 2023

Zycus Cognitive Procurement

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.

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Hyperautomation: What Is It and Why It’s Important

Planergy

In the context of automation, hyperautomation is the practice of identifying and automating as many business processes as possible. While many organizations mistakenly believe that hyperautomation can be achieved with just one technology, it is a combination of technologies, orchestrated in an optimal manner. Supply chain management.

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Transforming Procurement with Spend Analysis Technology

Empowering CPO

Procurement, in its simplest form, is the process by which businesses acquire the goods, services, or works they need from external sources. The industrial revolution in the 18th and 19th centuries marked a significant turning point, as businesses started to realize the strategic importance of procurement.