article thumbnail

How to Make Your Business Punchout Ready!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Article written for Supply Chain Game Changer by, and permission to publish here provided by, Samantha Wallace at greenwingtechnology.com. If you’re selling B2B, then you should consider implementing a punchout catalog to establish more efficiency throughout your supply chain.

article thumbnail

The 25 Hottest European Procurement Startups

Procurement Software

Spendkey is one of few spend analytics platforms which also offer transparent pricing on their website. Weproc Weproc is a small French company offering a SaaS eProcurement software with a focus on purchasing and spend management. It boasts a clear, ergonomic and efficient interface, along with readily available support.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Procurement Glossary

Pipefy

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. Contract A legally binding agreement between a buyer and a seller. By providing agreed-upon terms, contracts protect both entities.

article thumbnail

Supply Chain Management – the SME perspective

Claritum

However, Supply Chain Management technology is beginning to catch on with SMEs, largely because of the significant cost control benefits and the increasing emphasis on control of supply chains and the internationalisation of these supply chains. Supply chain integration ensuring smooth operations.

article thumbnail

User Adoption and the Rise of the AI Chatbots: The End of Maverick Spend, Vendor Rationalization and Change Management

Procurement Insights

I am talking about a fully interactive, intuitive chatbot through which 90 percent of everyday procurement work can be effectively and efficiently managed. Maverick spend was not the result of obstinate buyers refusing to use the “new system.” This disconnect meant that other measures had to be taken. Back To Square One?

article thumbnail

Innovative Procurement Models: Exploring Different Approaches

Empowering CPO

Whether you’re a procurement professional looking to stay ahead of the curve, a business leader seeking to drive efficiency, or simply someone interested in business innovation, this post is for you. These technologies enable better supplier evaluation, improved contract management, predictive analytics, and enhanced transparency.

article thumbnail

Procurement KPIs: 22 Essential Metrics for Tracking and Visualizing Procurement Performance

Pipefy

Build a more efficient and connected procure-to-pay process with The Definitive Guide to P2P Optimization Importance of procurement KPIs Procurement has evolved over the years from transactional functions (now associated with purchasing) to encompass strategic activities focused on maximizing and creating value for a business.