World of Procurement blog

MAY 8, 2024

What is Procurement? Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. Scope : Procurement spans the entire process from identifying requirements to contract closure. Stakeholders : Procurement involves multiple internal stakeholders across the organization.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Tactics

MARCH 27, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Supply Chain Forecasting — Everything You Should Know Supply chain forecasting is about making predictions from both past and present information. However, this approach is very time-consuming and costly.

supply chain budgeting 192

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 192

Spend Matters

MAY 8, 2023

One consideration is the range of scenarios direct procurement encompasses, which can vary significantly from one customer to the next. prior to P2P execution) and/or downstream activities, new or existing products, procurement and/or supply chain functions, etc. Coupa is not releasing all of the above at the same time.

Spend management 74

Spend management Management Real-time Visibility Collaboration 74

Supply Chain Game Changer

AUGUST 26, 2021

Supply Chain Visibility Has Never Been More Important! Supply Chain visibility article and permission to publish here provided by Adam Miglio. Every single organization I have been a part of has been dependent on Excel spreadsheets for order tracking and expediting – and in some cases – even demand planning.

Supply Chain Visibility 103

Supply Chain Visibility Real-time Visibility e2e Agile and Lean Supply Chain 103

Supply Chain Game Changer

NOVEMBER 10, 2018

Sixty-five percent of procurement practitioners say procurement at their company is becoming more collaborative with suppliers, according to The Future of Procurement, Making Collaboration Pay Off, by Oxford Economics. In this climate, buyers are relying on suppliers more than ever before.

Collaboration 66

Collaboration Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 66

ivalua

FEBRUARY 25, 2021

That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts. A best-in-class solution may also offer inventory management features to enable you to auto-replenish orders, as well as workflows with client-defined business rules to enforce payment channel buying strategies.

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supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221