NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

Initiatives that prioritize environmentally friendly practices, fair labor, and responsible sourcing improve brand reputation and mitigate potential legal and reputational risks. 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

Supply Chain Game Changer

JANUARY 21, 2020

One way or the other, eSourcing is still utilized as a support, or e-enablement to the strategic sourcing cycle, which means it’s a function is heavily rooted in prospecting, qualifying, selecting, and onboarding suppliers digitally. See Image Below, also from CIPS where the cycles of eSourcing and eProcurement are visualized).

Procurement 87

Procurement Supplier relationship management Eprocurement Suppliers 87

Claritum

JANUARY 25, 2019

Supply Chain eProcurement technology adoption poses a great many challenges for small to medium sized companies. See our article on eProcurement adoption for more details on this. What are the key drivers for SME adoption of Supply Chain Management eProcurement platforms? 2 What are the key drivers?

Supply chain management 36

Supply chain management Supply chain management Supply Chain Efficiency Supply chain 36

Empowering CPO

JUNE 14, 2023

At its core, procurement is the process of finding, agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. But before we venture into the depths of innovation in this field, let’s first establish what procurement really is.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Claritum

FEBRUARY 4, 2020

In this article we look at what we think are the 5 most important steps towards effective eProcurement. the right sourcing tools such as a cloud spend management platform. Buyers, suppliers and. How can you achieve procurement best practice in your organization? Read the article at claritum.com. Visibility.

Real-time Visibility 41

Real-time Visibility Procurement Supply Chain Efficiency Spend management 41

ivalua

OCTOBER 29, 2019

Embarking on an eProcurement implementation can result in more efficient government, improved compliance and increased transparency. Users need to have a say in how the eProcurement system will meet the agency’s current needs and how it will evolve to stay effective in the future. User Acceptance Testing.

Eprocurement 100

Eprocurement Risk Influencing Change management 100

Supply Chain Game Changer

MAY 8, 2019

One way or the other, eSourcing is still utilized as a support, or e-enablement to the strategic sourcing cycle, which means it’s a function is heavily rooted in prospecting, qualifying, selecting, and onboarding suppliers digitally. See Image Below, also from CIPS where the cycles of eSourcing and eProcurement are visualized).

Procurement 50

Procurement Supplier relationship management Eprocurement Suppliers 50

Claritum

FEBRUARY 24, 2020

Sourcing based on volume and supply across the business. Making it more sensible to source within a project framework. However, the increased choice of supplier is not the only factor that will impact on the inherent difficulties facing those sourcing within projects. Project based automation for Sourcing through to Payment.

Procurement 41

Procurement Purchasing Suppliers Sourcing 41

Jaggaer

OCTOBER 8, 2019

We dealt with one of them in the previous article in this series: the need to integrate data across the full spectrum from source-to-pay. Our survey shows that most procurement teams are there already with many applications: SRM, eSourcing, and eProcurement are in place. It identified a couple of key challenges.

Procurement 40

Procurement e2e Agile and Lean Supply Chain supply chain software solutions 40

Jaggaer

FEBRUARY 11, 2020

Buyers will be freed up to identify new opportunities, reexamine category strategies, and redesign both their products and their supply chains. . “Good procurement teams look for ways to develop new approaches to sourcing, supplier management, purchasing, and more.” So what does this all mean for employees?

Procurement 80

Procurement Procurement team Supply Chain Efficiency supply chain budgeting 80

ivalua

MAY 15, 2019

One significant area of Artificial Intelligence is language understanding, also called machine reading comprehension (MRC), and the new technologies in this field lead the way for thousands of new applications, such as sourcing, trend analysis, conversational agents, sentiment analysis, document management, cross-language business development, etc.

Contract 150

Contract Data Management Contract management 150

ivalua

MAY 15, 2019

One significant area of Artificial Intelligence is language understanding, also called machine reading comprehension (MRC), and the new technologies in this field lead the way for thousands of new applications, such as sourcing, trend analysis, conversational agents, sentiment analysis, document management, cross-language business development, etc.

Contract 147

Contract Data Contract management Risk 147

Claritum

OCTOBER 3, 2017

Claritum automates sourcing, procurement and invoicing in one, easy-to-use, cloud based platform while enabling business users, customers, procurement experts, buyers and suppliers to collaborate globally and in real time. Optimizing Spend Visibility, Control, Cost Savings and process Efficiencies. Future of Endless Solutions.

Real-time Visibility 32

Real-time Visibility Procurement Supply Chain Efficiency Supply Chain Optimization 32

ivalua

SEPTEMBER 2, 2019

Buyers must have appropriate plans in place to ensure that the activities outsourced can feasibly be moved to another provider or brought back into the core business if necessary, including in situations where time is short. . Risks, from third-party arrangements must be identified, assessed, monitored and reported.

Procurement 140

Procurement Contract Risk Suppliers 140

Procurement Software

JUNE 13, 2023

All of these, as far as our research shows, are agnostic when it comes to the type of spend which can be sourced through the platforms. Above $1 billion businesses are typically a target of established, enterprise source-to-pay and source-to-contract suites. We love their UI/UX and can help you arrange a demo here.

supply chain software solutions 52

supply chain software solutions Contract management Contract Sourcing 52

Claritum

MAY 12, 2019

Supply chain alternative routing or sourcing. Expert Networks allow individual procurement specialists to contribute in sourcing and procurement processes in a distributed and ‘virtually’ organised way. Source tracking (Provenance). Interaction with systems (for example assisting buyers with Augmented information).

Procurement 36

Procurement supply chain software solutions Supply Chain Efficiency Risk management 36

Pipefy

JANUARY 31, 2023

Bid award Also known as a contract award, this is the final phase of the bidding process, in which the buyer chooses a winning bidder and enters into a contract with their organization. These awards are legally binding source documents containing terms, conditions, and pricing of the goods or services.

Procurement 52

Procurement Bidding Supply Chain Efficiency supply chain software solutions 52

Procurement Insights

OCTOBER 26, 2023

80% of your typical use case across Source to Pay happens on Merlin Chatbot, which is built into Microsoft Teams. Maverick spend was not the result of obstinate buyers refusing to use the “new system.” You want the right template, Merlin Assist provides it. You feed in some basic details, your NDA gets generated.

Change management 69

Change management Management Contract Buyers 69

Pipefy

MAY 9, 2023

Effective modern procurement requires end-to-end process tracking to both view and control the costs, sourcing, quality, and delivery times associated with acquired goods and services. Buyers that don’t use enough suppliers make themselves vulnerable to dependency on one for certain goods or services.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

Bonfire

MARCH 29, 2022

Roundtable participants said under a certain threshold (around $100K for services and $25K for goods) their client departments have full discretion on how to source. If the amount is over the threshold, sourcing is led by the procurement team, whether through a public bid, NOI, or limited tendering option.

Procurement 52

Procurement Real-time Visibility Eprocurement Bidding 52

Claritum

OCTOBER 12, 2018

For example in the Retail Sector, The Category Manager is moving to be an “In-store expert” in the visual merchandising, pricing, management, and sales of a certain group or type of products and not just a buyer. sourcing at competitive prices all goods and services. See our article on eProcurement Adoption.

Procurement 47

Procurement Eprocurement Category management Purchasing 47

Claritum

SEPTEMBER 1, 2020

The importance of Buyer Portals. Fundamentally it is because there is no Buyer Portal. This is what a Buyer Portal provides – it is the user-friendly way of presenting a buying process. This is what a Buyer Portal provides – it is the user-friendly way of presenting a buying process. Introduction. Productivity Gains.

Eprocurement 32

Eprocurement Buyers Purchasing Purchase orders 32

Procurement Software

FEBRUARY 20, 2024

Apadua Apadua is a professional services sourcing software, based in Cologne, Germany. In addition, Explore uses information from Source and Monitor to update its database. Source is a safe and user-friendly guide through the RFP and awarding process. It also has convenient filters and ways to organise different providers.

Supply Chain Efficiency 59

Supply Chain Efficiency supply chain software solutions Procurement Real-time Visibility 59

Claritum

APRIL 25, 2018

However, it is important for companies to manage the process of sourcing promotional goods effectively. In many companies problems can arise when promotional goods are by inexperienced buyers from unapproved suppliers. Source: PPAI Sales Volume Study Summary. Source: PPAI 2017 Consumer Study Summary. Single source.

Sourcing 32

Sourcing Buyers Purchasing Spend management 32

Procurement Software

JULY 18, 2023

It’s not just about procure-to-pay (P2P) or source-to-contract (S2C applications). Source-to-Contract (S2C) 1. They provide a simple and intuitive procurement solution for source-to-contract (S2C) for small and medium-sized enterprises. eSourcing allows for sourcing planning by facilitating questionnaires and evaluations.

Purchasing 52

Purchasing Contract Negotiation Real-time Visibility 52

Claritum

MAY 20, 2019

the sourcing process is too slow and difficult. An efficient sourcing process can only be achieved if the suppliers are on board. Buyers should be able to track orders more effectively and an automated system should also enable records of orders to be kept. White paper download: 7 ways to transform eProcurement adoption.

Procurement 32

Procurement Real-time Visibility Eprocurement Bidding 32

Zycus Cognitive Procurement

DECEMBER 1, 2021

The success of new P2P solutions depends on how well it can function with your existing sourcing and procurement systems. It includes both suppliers and customers/buyers who need access to P2P data (APIs) that sits within corporate systems (ERPs). Compatibility and Less Tech Debt. Quantum of Solace.

Procurement 40

Procurement Real-time Visibility Budget Eprocurement 40

Claritum

FEBRUARY 4, 2020

Bespoke requirements - key sourcing issues. Sourcing Bespoke requirements the right way. Sourcing of bespoke requirements needs to be managed effectively within an Organisation. Plus, the risk to a brand image from sourcing from unethical sources is an increasing problem for organisations. Single source.

Purchasing 47

Purchasing Sourcing Supply Chain Efficiency Suppliers 47

Claritum

AUGUST 15, 2019

Problems with current sourcing methodologies. Sourcing the right way for Promotional goods and services. However, it is important for companies to manage the process of sourcing promotional goods effectively. Plus, the risks to a brand of sourcing from unethical sources is an increasing problem for organisations.

Management 32

Management Procurement Purchasing Sourcing 32

Procurement Zen

MARCH 16, 2020

But pro negotiator / buyer can reframe so the seller wants to solve the buyers problem e.g. better price. This is also known as eProcurement. Platforms range from enterprise solutions like Jaggaer to open source like OpenProcurement.org. Key here is that the authority you refer to is an accepted source of truth.

Negotiation 52

Negotiation Price Import Influencing 52