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Strategic Procurement: What Is Is and Why It’s Essential for Business Resilience 

Pipefy

Strategic procurement leverages data to reduce risks across the entire procure-to-pay process and identify opportunities for long-term and continuous forecasting and optimizations. This also leads to more advantageous strategic sourcing. Why is strategic procurement important?

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Get Started on Your Procurement Transformation Roadmap and Strategy

Pipefy

Procurement teams are now expected to perform as a strategic, value-creating business partner that improves business agility, financial visibility, process resilience, and competitiveness. In 2022, the five biggest procurement issues experienced by B2B buyers were: Reliable delivery (43%).

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The Disruptive Power of Digital Procurement

Una

Strategic sourcing experts are using machine learning to categorize and manage spend, AI to better predict demand, and act upon alerts such as contract expiry/renewals. How to Improve Strategic Supplier Relationship Management. How to Optimize Your Spend with a Strategic Sourcing Process. Better customer service.

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Supply Chain Collaboration – The New Way to Drive Value!

Supply Chain Game Changer

In this climate, buyers are relying on suppliers more than ever before. And buyers aren’t collaborating with suppliers merely as providers of materials and goods, but as strategic partners that can help create products that are competitive differentiators. Visibility into customer demand and supplier performance.

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The 25 Hottest US Procurement Startups

Procurement Software

It promises to assist with improving buyer and supplier collaboration. All while offering risk mitigation derived from various different external data sources. Their platform also offers thorough spend intelligence, allowing for in-depth strategic sourcing.

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What Is the Source-to-Pay (S2P) Process?

Pipefy

Typically, the source-to-pay process is used to fulfill needs like finding new suppliers that offer lower prices, better terms, or goods/services not offered by current suppliers. They also make it easy for buyers to compare suppliers and negotiate.

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Spend Analysis: Unlocking Powerful Business Insights

Pipefy

Visibility into procurement categories and effective management of categories fosters benefits like greater risk management and less costly supplier redundancies. Spend analysis is necessary for strategic sourcing. Spend analytics creates the visibility procurement teams need to complete a spend analysis.