Jaggaer

FEBRUARY 20, 2025

Best-in-class organizations achieve excellent insight into their spending trends to act on inefficiencies and capture savings opportunities while ensuring compliance with internal, national, international regulations and minimizing the risks of supply chain disruptions. Strategic sourcing: The word strategic is added for good reason.

Sourcing 52

Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

Procurement Software

MARCH 16, 2025

Furthermore, Procure-to-Pay (P2P) , e-Sourcing and Supplier Relationship Management (SRM) apps often contain supplier portals. Three-way communication between Buyers, Stakeholders and Suppliers avoids the need for unnecessary emails. Digital procurement tools are the enabler to free up time for these.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

Jaggaer

OCTOBER 24, 2024

Supplier Collaboration for Agility Your world is characterized by dynamic market conditions, shifting customer demands, new technologies, rapidly changing regulations, and frequent supply chain disruptions. Decision-makers must plan supply chain resilience strategies for a wide range of risk scenarios.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Jaggaer

MARCH 19, 2025

We want to reduce costs. The second has become more pronounced in recent years, notably with the Covid pandemic and supply chain disruptions. Finally contracts management puts the collaboration between buyers and sellers on a firm legal basis. The first of these has always been with us.

Contract management 52

Contract management supply chain budgeting Sustainability Influencing 52

SCMDOJO

APRIL 3, 2022

Procurement eAuctions may be used in a multitude of sectors and domains, including industrial machinery, supply chains and logistical operations, telecommunications, commodities, and business technical support programs. Reduced manual process intervention is fundamentally impartial and increases the feedback’s reliability.

Supply Chain Efficiency 141

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 141

Positive Purchasing

NOVEMBER 1, 2023

I have a healthy budget, but am struggling to find the right fit – what would you say to me? New or growing tech businesses must decide whether to spend their limited budgets on product, sales and marketing, or on people. I’m looking at an eSourcing platform augmented by a selection of cloud-based solutions.

Procurement 111

Procurement supply chain budgeting Category management Budget 111

Spend Matters

JUNE 21, 2023

But over the next 20 years, we gradually saw clearer regulation and guidance about the use of these important tools for public sector buyers. Frameworks became a useful tool, saving time, resources and money, because buyers did not have to run an entirely new, advertised and open process every time they wished to make a purchase.

Buyers 98

Buyers supply chain budgeting Suppliers Contract 98

Spend Matters

JUNE 19, 2023

E-procurement IT solutions improve process automation, increase spending under management, reduce maverick spend, improve cross-functional process/data integration (e.g., budget compliance and inventory availability), enable effective spend, preferred supplier and category management.

Procurement solutions 98

Procurement solutions Procurement supply chain budgeting Real-time Visibility 98

Positive Purchasing

SEPTEMBER 5, 2023

Jonathan: We set the business up because we were convinced the World needed and was ready to embrace sustainability in both immediate suppliers and right down their extended supply chain – and a heap of conversations with prospective clients confirmed that this was indeed the case.

supply chain budgeting 69

supply chain budgeting Category management Negotiation Sustainability 69

SCMDOJO

FEBRUARY 13, 2023

To get the most out of any procurement team, all the associated key roles need to be filled with qualified individuals that understand both technology and the principles of supply chain management. Supplier relationship management: Procurement manages relationships with suppliers to ensure coordination and effective workflow.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

Procurement Software

MARCH 11, 2022

Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. And yet, poor operational efficiency in Procurement means that the typical Category Manager often spends at least a THIRD of their time performing “busy work” This is not an effective or efficient use of their time.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Procurement Templates

JANUARY 17, 2024

Demand management embedded within the procurement process. How is this considered throughout the supply chain and reported at a senior level. Organisation undertakes a full assessment of the waste within the supply chain in relation to risk-based existing contracts. a purchaser of carbon steel).

Demand 130

Demand Management Buyers Purchasing 130

Spend Matters

NOVEMBER 2, 2023

Travel and Expense management leveraging SAP Concur is an easy plug in for travel spend management and all spend flowing through expense reporting. baking in benchmarking opportunity analytics more deeply and formally into the analytics, sourcing and category management applications).

Networking 115

Networking Spend management Suppliers Supply Chain Optimization 115

Procurement Software

MARCH 11, 2022

Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. And yet, poor operational efficiency in Procurement means that the typical Category Manager often spends at least a THIRD of their time performing “busy work” This is not an effective or efficient use of their time.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

Barkers Procurement

FEBRUARY 10, 2023

Your provider is also likely to have contacts and working relationships with suitable vendors, and be able to secure better terms for supply of goods and services. A good understanding of supply chain value Your suppliers are important. This lays the foundations to determine how to best work with them.

Import 52

Import Procurement supply chain budgeting Category management 52

Spend Matters

JANUARY 17, 2024

It helps in effective cost management by enabling better budgeting and negotiation with suppliers. It also contributes to mitigating supply chain risks, fostering transparency in supplier relationships and supporting long-term strategic planning.

Raw materials 57

Raw materials Supply Chain Efficiency supply chain budgeting Strategic planning 57

Spend Matters

MAY 30, 2023

But over the next 20 years, we gradually saw clearer regulation and guidance about the use of these important tools for public sector buyers. Frameworks became a useful tool, saving time, resources and money, because buyers did not have to run an entirely new, advertised and open process every time they wished to make a purchase.

Buyers 52

Buyers Suppliers supply chain budgeting Contract 52

Zycus Cognitive Procurement

DECEMBER 10, 2021

And the S2P software enables multiple activities such as auctions, spend analysis, purchasing categories management, purchase requisitions, sourcing events, billing and vendor relations within the same solution. Eliminating any sourcing/contracting process gaps can reduce savings leakage up to 38%. High User Adoption.

Sourcing 52

Sourcing e2e Contract supply chain budgeting 52

The Procuretech Podcast

JULY 8, 2020

They're a company who are facilitating easier access to supplier data to help buyers in their negotiation preparation, as well as more general risk management assessment activities related to sourcing and supplier management. Time is scarce and access to the necessary knowledge isn't always straightforward.

Suppliers 40

Suppliers Bill of materials supply chain budgeting Negotiation 40

World of Procurement blog

JULY 27, 2021

We’d even go so far to say that the modern procurement pro doesn’t focus that much time on the actual buying, as roles have grown to focus on Supply Chain Management, Contract Management and Relationship Management. You’ll also notice that Procurement is often talked about as part of the Supply Chain.

Procurement 52

Procurement Procurement team supply chain budgeting Contract management 52

Procurement Software

MARCH 11, 2022

Despite the movement towards a broader value-driven view of procurement excellence and how we contribute to the wider business (people, planet, profit), the reality is that even though there is a tacit, newly found appreciation that buyers deliver more than just bottom line savings, it often isn’t reflected in their annual objectives.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Procurement Software

MARCH 11, 2022

Despite the movement towards a broader value-driven view of procurement excellence and how we contribute to the wider business (people, planet, profit), the reality is that even though there is a tacit, newly found appreciation that buyers deliver more than just bottom line savings, it often isn’t reflected in their annual objectives.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Arkestro

SEPTEMBER 5, 2023

In this blog, Arkestro sat down with Jeoff Burris, the Founder and Principal of Advanced Purchasing Dynamics and Procure-Force solution team member, to get his thoughts on hot button topics such as: supply chain disruptions, quote fatigue, managing costs, and more – that are top of mind for automotive procurement teams.

Procurement 52

Procurement supply chain software solutions supply chain budgeting Buyers 52

Procurement Software

JULY 4, 2023

It aims to make the procurement process more efficient, transparent, and cost-effective. It can help organisations reduce costs, optimise supplier relationships and increase compliance. It has become an essential tool for companies in today’s digital world to save time and reduce costs.

Supply Chain Efficiency 52

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

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

This results in better negotiation outcomes, improved quality, reduced costs, and enhanced overall value delivery. Procurement teams equipped with risk management tools can ensure business continuity and minimize potential negative impacts.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

The Procuretech Podcast

JUNE 28, 2022

I ask Wolfgang about common mistakes in how organisations manage their procurement teams internally. He says that, interestingly enough, many of the biggest companies make the biggest mistakes - 50, 60, perhaps even 70 percent of a company’s overall budget is managed through suppliers by procurement. The value of talent.

Sourcing 52

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

Procurement Software

MAY 21, 2024

So, you’re going to need niche apps and niche solutions to be able to facilitate the younger generation who are replacing these retiring Category Managers. Their negotiation chops won’t be the same as the salesperson from the supplier in many cases, simply because their category knowledge won’t be as deep.

Supplier negotiation 52

Supplier negotiation Negotiation Suppliers Procurement 52

Empowering CPO

JUNE 14, 2023

They can also create adversarial relationships between buyers and suppliers, as they often involve tough negotiations and a focus on short-term gains rather than long-term collaboration. Organizations are now expected to not only manage cost but also to ensure supply chain resilience, mitigate risks, and contribute to strategic objectives.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Planergy

JANUARY 18, 2024

Supplier-managed catalogs live within the buyer’s purchasing system, but the supplier has access to the catalog so they can maintain it. On the other hand, a punch-out catalog gives buyers access to the vendor’s website through the buyer’s procurement software. What Are the Components of Procurement Catalogs?

Management 52

Management Procurement Supplier relationship management Real-time Visibility 52

Procurement Software

MAY 23, 2023

Very few CEOs come from Procurement or Supply Chain. Supply Chain should become one of the top agenda items on board level meetings. There should be less focus on category management and more focus on the top level relationships with the company’s largest and most important suppliers.

Procurement 52

Procurement supply chain budgeting Agile and Lean Supply Chain Suppliers 52

Procurement Software

MARCH 11, 2022

Even if budgets have been set, there is very little control that a CFO or a procurement team can yield. These requirements are often not well negotiated because as long as the stakeholder is within budget, he/she probably doesn’t care so much about the cost. Processes either don’t exist or are not being actively enforced.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

Even if budgets have been set, there is very little control that a CFO or a procurement team can yield. These requirements are often not well negotiated because as long as the stakeholder is within budget, he/she probably doesn’t care so much about the cost. Processes either don’t exist or are not being actively enforced.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

AUGUST 22, 2023

As Procurement moves away from being an administrative function that reactively delivers cost savings, the personnel leading it needs a makeover too. We’re gradually evolving into being the fulcrum of an organisation’s supply chain who strategically manages and controls supplier relationships. It’s not always our fault.

Procurement 52

Procurement Agile and Lean Supply Chain Category management Procurement team 52

Positive Purchasing

APRIL 3, 2025

Post pandemic, we all realized how fragile our supply chains had become. Add to that, wars and geopolitical instability, and distance sources of supply have become more problematic than promising. However, there is more to this than shoring up supply chains in the US.

Negotiation 52

Negotiation Procurement supply chain budgeting Supply chain 52