Procurement Tactics

JUNE 7, 2023

Supplier collaboration goes beyond traditional buyer-supplier relationships by promoting cooperation, transparency, and innovation throughout the supply chain. The platform also helps track how well suppliers are performing, manage contracts with them, and analyze how much money is being spent on supplies.

supply chain software solutions 130

supply chain software solutions Collaboration Suppliers Supply Chain Efficiency 130

Spend Matters

FEBRUARY 13, 2023

The last few years have put the word “supply chain” in the headlines as so-called supply chain disruptions and shortages have impacted everybody. Even now, supply chains are far from being “back to normal.” Read more. )

Risk management 73

Risk management Supply Chain Optimization Risk Supply chain 73

Zycus Cognitive Procurement

DECEMBER 15, 2022

As we are coming to the end of the year, procurement and supply chain leaders across industries initiate their annual strategic planning process for the next year. We have shortlisted 7 C ritical T rends that will help supply chain leaders and practitioners to build a strategic blueprint for 2023 and beyond.

Supply chain management 52

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

Spend Matters

OCTOBER 19, 2023

Calculum — Calculum is a cloud-based analytics solution that specializes in optimizing payment terms. It currently supports buyers (suppliers are on the roadmap) and can be integrated into procurement and accounts payable IT solutions. Its founders have extensive supply chain and enterprise technology experience.

Supply Chain Optimization 89

Supply Chain Optimization Supply Chain Efficiency Procurement team Buyers 89

Spend Matters

SEPTEMBER 26, 2022

Categories: Analysis , Procurement Systems & Architecture , Spend Management , Supply Chain , Supply Chain Management , Trade Financing Tags: PRO This Spend Matters PRO Vendor Analysis gives an overview of Trax, a Transportation Spend Management (TSM) solution. Read more. ).

Spend management 64

Spend management supply chain budgeting Supply Chain Optimization Management 64

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. To continue to optimize procurement processes, implement these lessons in future job orders.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

Spend Matters

NOVEMBER 9, 2023

What it does Calculum is a cloud-based analytics solution that specializes in optimizing payment terms. It currently supports buyers (suppliers are on the roadmap) and can be integrated into procurement and accounts payable IT solutions.

Supply Chain Optimization 91

Supply Chain Optimization Negotiation Buyers Suppliers 91

Arkestro

FEBRUARY 6, 2024

Arkestro’s Personal Touch Across the Globe When a large organization with a complex supply chain came to Arkestro to implement our PPO platform, our professional services team traveled to three of their global locations to make sure PPO could be their strategic superpower this year.

Competitive bidding 52

Competitive bidding Procurement Real-time Visibility Supply Chain Efficiency 52

ivalua

JULY 13, 2022

Buyers are expected to scrutinize every aspect of the purchasing process to identify ways to reduce their carbon footprint, source sustainable materials, and promote diversity. As the sourcing function evolves, digital procurement technologies have become crucial tools for buyers to capture and report their sustainability achievements.

Sustainability 130

Sustainability Buyers Suppliers Procurement 130

IBM Supply Chain Blog

APRIL 25, 2024

BPR examples are not one-time projects, but rather examples of a continuous journey of innovation and change focused on optimizing end-to-end processes and eliminating redundancies. The purpose of BPR is to streamline workflows , eliminate unnecessary steps and improve resource utilization.

Supply Chain Efficiency 54

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting supply chain software solutions 54

SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. Sourcing plays a crucial role in building strong supplier relationships and achieving cost-effectiveness in the supply chain. Purchasing: Purchasing is the act of buying goods or services from suppliers or vendors.

Procurement 97

Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 97

The Thomas Blog

AUGUST 2, 2022

In a recent Industrial Buyer's Search Habits Survey , one purchasing supervisor that "having more online information like specifications, pricing, lead time, and stock levels online are important when I'm vetting new suppliers and will make my job easier.". Make Buyers Contact You. appropriate certification.

Buyers 144

Buyers Quality Ethics Export 144

Supply Chain Game Changer

MARCH 9, 2022

Subscribe to Supply Chain Game Changer. Procurement operations are the backbone of every company’s supply chain. Fundamental to procurement is the acquisition of goods and services from a party that’s further up the supply chain. It streamlines the procure-to-pay and source-to-contract processes.

Procurement 108

Procurement Supply Chain Efficiency Supply Chain Optimization supply chain budgeting 108

Skill Dynamics

OCTOBER 19, 2023

Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract. A crucial part of successful procurement strategies is the art and science of negotiation.

Negotiation 52

Negotiation Procurement Procurement strategies Buyers 52

Supply Chain Game Changer

OCTOBER 12, 2022

Subscribe to Supply Chain Game Changer. Cyber Security Options for Supply Chain! Use the collected data to build buyer personas. Buyer personas give you an insight into your customers’ needs. And when prospects see your ratings online, they may sign a contract with you. Subscribe Here!

Supply Chain Optimization 87

Supply Chain Optimization supply chain software solutions Supply Chain Efficiency Strategy 87

Spend Matters

JUNE 19, 2023

PO orchestration The ability to optimize ordering efficiency while supporting category needs and remaining compliant with budgets, contracts and accounting. They can consolidate POs from different users, check compliance with contracts, see budget availability and ensure correct financial accounting.

Procurement solutions 87

Procurement solutions Procurement supply chain budgeting Real-time Visibility 87

Skill Dynamics

AUGUST 15, 2022

There are various models for supplier relationship management and it’s a complex function involving assessment, advanced evaluation, and subsequent action planning to continuously optimize long-term relationships. When buyers invest in their relationships they are typically reciprocated by the supplier, and with a diverse array of benefits.

Supplier relationship management 52

Supplier relationship management Suppliers Strategy Management 52

Zycus Cognitive Procurement

SEPTEMBER 13, 2022

Recent technological developments, political relations, strict compliance mandates, and uncertain times have resulted in what Bernard talks about changing roles of buyers and suppliers in this VUCA world. Changing Roles of Buyers. This was the first significant change in the buyers’ role.

Procurement 52

Procurement Buyers Leadership Agile and Lean Supply Chain 52

Procurement Insights

NOVEMBER 23, 2023

The Inspiration For This Post I recently read a post on LinkedIn talking about “the power of trust” between buyer and supplier. Yes, trust between stakeholders is critically important, and yes, technology can fuel communication and collaboration between buyer and supplier to achieve a collective positive outcome.

Suppliers 61

Suppliers Buyers Risk management Supply Chain Optimization 61

Una

MAY 23, 2023

Group purchasing and indirect spend Indirect Spend, with her diverse and multifaceted nature, longed for a Sourcing Hero to swoop in and optimize her procurement processes. Along came Group Purchasing, the dashing protagonist with an unparalleled ability to unite like-minded buyers and channel their collective strength.

Purchasing 97

Purchasing Supply Chain Efficiency Supply Chain Optimization Procurement 97

Spend Matters

JULY 21, 2022

It currently offers a SxM solution that is rapidly growing to cover other processes (sourcing, contract management, order collaboration, cost optimization). To potential buyers — Procurence has strong direct materials supplier (quality) management. Poland-based Procurence is one such provider.

Market analysis 71

Market analysis Procurement Quality management Supply Chain Optimization 71

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

Improved communication, regular performance assessments, and joint value creation efforts lead to better supplier performance, reduced risks, and potential cost savings through optimized partnerships. Automation increases efficiency and reduces errors, leading to faster and more accurate procurement cycles.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

NLPA (Next Level Purchasing Association)

SEPTEMBER 21, 2023

The modern business landscape is constantly evolving, and this dynamism is especially evident in the areas of purchasing and supply chain management. In today’s connected world, supply chains have become more complex, with global reach, sustainability concerns, and rapidly changing market dynamics.

Procurement 52

Procurement Supply Chain Optimization Supply Chain Efficiency Purchasing 52

Supply Chain Game Changer

AUGUST 5, 2021

Subscribe to Supply Chain Game Changer. Procurement is one of the sole functions in an organization that can truly implement and realizes quality and sustainability initiatives in the line; considering procurement’s ability to impact the global supply chain network at the supplier level. Subscribe Here! Email Address.

Suppliers 98

Suppliers Management Supply Chain Efficiency Agile and Lean Supply Chain 98

Una

JANUARY 1, 2024

Resources to help: 8 Benefits of Reducing Maverick Spend How to Optimize Your Spend with a Strategic Sourcing Process 6 Ways to Manage Maverick Spend How to Control Your Wildest Maverick Spenders 3. Organizations can combat auto-renewing contracts with IT spend visibility. Fix these problems, and watch your mavericks disappear.

Procurement 52

Procurement supply chain software solutions Contract Suppliers 52

Empowering CPO

MAY 5, 2023

In essence, procurement serves as the backbone of an organization’s supply chain, contributing to cost savings, risk management, and supplier relationship management. This approach often resulted in inefficient use of resources, limited visibility into supplier performance, and difficulty in managing complex supply chains.

Supply Chain Efficiency 52

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

Procurement Software

NOVEMBER 21, 2022

The experience of COVID-19 also showed that poorly managed vendor master data contributed to some of the delivery delays and supply chain disruption. The tight margins and the need to optimize costs in these fields led to a more structured approach to procurement departments and more relevance in their organizations.

supply chain budgeting 52

supply chain budgeting Chief Procurement Officer supply chain software solutions Supply Chain Optimization 52

Pipefy

MAY 23, 2023

Below we’ll cover digital procurement solutions, essential features, and their benefits for optimized digital procurement workflows. Document management Digital contract management should be included in any e-procurement tool; it’s that important. Regulations and requirements can change over the duration of a contract.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

Una

MAY 23, 2023

Group purchasing and indirect spend Indirect Spend, with her diverse and multifaceted nature, longed for a Sourcing Hero to swoop in and optimize her procurement processes. Along came Group Purchasing, the dashing protagonist with an unparalleled ability to unite like-minded buyers and channel their collective strength.

Purchasing 52

Purchasing Supply Chain Efficiency Supply Chain Optimization Procurement 52

Jaggaer

OCTOBER 22, 2020

Optimizing cost, in the order of a 20-25% reduction on the current situation, is therefore a must in order to survive. Spend management and procurement will play a key role in enabling banks to achieve their efficiency targets while managing supply chain risks,” he added. You can view a full recording of the webinar here.

Strategy 52

Strategy Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Arkestro

DECEMBER 12, 2022

The pandemic and resulting supply chain disruptions have added extreme pressure on the health and pharma sector to address shortages quickly and efficiently. Constrained supply chains and the associated shortages have resulted in mounting pressures for organizations to diversify their supplier bases.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

Empowering CPO

MAY 31, 2023

It’s the concerted effort of strategically planning and managing all interactions with suppliers that supply any goods and/or services to an organization. However, SRM isn’t just about contracts and commerce—it’s about people. Effective risk management is crucial in maintaining a stable, reliable supply chain.

Supplier relationship management 52

Supplier relationship management Collaboration Suppliers Supply Chain Efficiency 52

Una

APRIL 18, 2023

By Mackenzie Oakley | April 18, 2023 Search This article is inspired by a recent episode of The Sourcing Hero podcast featuring Harold Hendrickx, a fractional CPO and the founder of TransExecutive, a company that deploys the Procurement Task Force model to help procurement teams enable, optimize, transform, and rapidly deliver value.

Procurement 98

Procurement Procurement team Leadership Supply Chain Optimization 98

Una

JUNE 6, 2023

The folks at GEP put together a useful list of use cases for ChatGPT in procurement, including: Doing rapid research such as analyzing huge amounts of data or searching for new suppliers Create the first draft of documents such as RFPs, SOWs and other contracts Cleansing and analyzing spend data. I am going to be the buyer.

Procurement 52

Procurement Negotiation Suppliers Strategy 52

Una

JUNE 6, 2023

The folks at GEP put together a useful list of use cases for ChatGPT in procurement, including: Doing rapid research such as analyzing huge amounts of data or searching for new suppliers Create the first draft of documents such as RFPs, SOWs and other contracts Cleansing and analyzing spend data. I am going to be the buyer.

Procurement 52

Procurement Negotiation Suppliers Strategy 52

ivalua

AUGUST 5, 2020

Invoice to Pay sits at the end of a Procurement process that starts with a need, moves through selecting and contracting with a supplier and ends with delivery of goods or services. . Optimization of internal data resources to support ALL spend profiles. A range of receipt methods to support the capabilities of ALL suppliers.

supply chain software solutions 130

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

The Network Effect

JUNE 26, 2014

For the most part these process robots have been hidden from view, lurking deep in the bowels of our supply networks solving a range of problems from simple matching of tagged services to some of the harder supply chain problems which may require some level of optimization or advanced mathematics. Automated Future'

Networking 75

Networking Supply Chain Optimization Supply Buyers 75