Procurement Insights

MARCH 17, 2025

Anyone who has followed the Procurement Insights blog for any length of time knows I love to ask questions and am voracious about gaining new insights. Approach : Data-driven, emphasizing external market insights to level the playing field between buyers and suppliers. commodity buyers, cost analysts). Key Comparison Points 1.

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Negotiation Procurement team Real-time Visibility Cost of ownership 52

Procurement Insights

APRIL 3, 2025

Like any ecosystem, it has both positive and critical aspects , depending on your perspective whether you’re a startup, enterprise buyer, vendor, or procurement leader. Global Reach, Real Impact Participants and speakers come from over 50 countries. Positive Aspects of DPW 1. High-profile speakers (e.g.,

Innovation 52

Innovation Real-time Visibility Sustainability Collaboration 52

Arkestro

MARCH 27, 2024

Resources / Blog / Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Buyers have always played an important role in the procurement industry, helping organizations obtain goods and maintain a careful balance of speed, cost-efficiency, and quality.

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Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

Procurement Tactics

JUNE 26, 2023

Social Media Trends Instagram, TikTok, Facebook, and Pinterest are the best channels that offer real-time trending products to sell. Note: Make sure to follow some popular influencers in your niche as they can give you ideas how to promote products. He has helped me immensely every time I spoke with him.

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Price Suppliers Negotiation Real-time Visibility 195

SCMDOJO

AUGUST 21, 2023

In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. As TikTok and influencers gain prominence, they’re reshaping consumer behavior and marketing. Discover the Top 10 TikTokers reshaping how you view supply chains.

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Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 98

IBM Supply Chain Blog

SEPTEMBER 18, 2023

Today, we are seeing significant digital disruption in the business of trade and supply chain financing that is largely influenced by global events and geopolitics, changing regulations, compliance and control requirements, advancements in technology and innovation, and access to capital.

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Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Supply chain 82

SCMDOJO

DECEMBER 14, 2023

Time is really important in business. Knowing how crucial time is for keeping customers happy and influencing what they buy, it’s clear that handling lead time (which means the time it takes to get things ready) is not just needed for business, but it also gives an edge in today’s competitive and complex economy.

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Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization Real-time Visibility 98

The Thomas Blog

JUNE 22, 2022

To start, industrial businesses will need an effective online marketing and sales strategy to help them achieve their business goals — because the B2B buyer behavior has changed. Buyers want to know as much about you as they can to help answer these questions: Are you reliable? Be Where Buyers Search For New Suppliers.

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Buyers Real-time Visibility supply chain budgeting Supply Chain Efficiency 64

The Thomas Blog

JANUARY 5, 2024

Spend the time to research and identify online directories that encompass your specific industry, niche, or target sector/demographic. Use highly targeted keywords in your directory listings so you’ll be more visible to searches. These leads will be further along in the buyer's journey, making them more convertible.

Strategy 52

Strategy Real-time Visibility Buyers Quality 52

Pipefy

JANUARY 30, 2024

Improvements to existing procurement processes, procedures, and operations are as time-sensitive as ever. 6 procurement technologies to improve your business Transform analog, manual, and paper-ridden processes with end-to-end digitization and automation to improve security, visibility, and control with these six procurement technologies.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Real-time Visibility Supply Chain Efficiency 52

Procurement Software

APRIL 18, 2023

With tangible benefits for buyers, eAuctions could help your organisation survive the economic downturn. eAuctions are a negotiation method that allow buyers to leverage market-driven pricing opportunities. These negotiations take place in real time, with all prospective suppliers at once.

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

The Thomas Blog

MAY 16, 2024

It's an engaging and dynamic approach to increase a business's visibility and influence in its intended market. Event applications provide real-time analytics and tracking of attendee activity to organizers, enabling them to enhance lead generation and customize the event experience. About Thomasnet ® Thomasnet.com®

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Real-time Visibility Buyers Strategy Quality 52

Procurement Software

MARCH 11, 2022

And therein lies the problem of getting procurement to have a bigger influence on companies’ bottom line. Supplier collaboration portals to drive innovation and real time project management without email or spreadsheets. Spend visibility i.e. through a spend analysis report or a spend analytics dashboard.

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supply chain software solutions Procurement Real-time Visibility Raw materials 52

Procurement Software

MARCH 11, 2022

And therein lies the problem of getting procurement to have a bigger influence on companies’ bottom line. Supplier collaboration portals to drive innovation and real time project management without email or spreadsheets. Spend visibility i.e. through a spend analysis report or a spend analytics dashboard.

supply chain software solutions 52

supply chain software solutions Procurement Real-time Visibility Raw materials 52

Pipefy

FEBRUARY 3, 2023

But while there are key insights that procurement and accounts payable teams can draw from invoices, the invoice processing activities can be tedious, time-consuming, and costly — especially processed manually across siloed systems, disparate legacy solutions, and disconnected processes.

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e2e Management Purchase orders Real-time Visibility 59

Procurement Express

SEPTEMBER 13, 2024

For small to mid-sized enterprises, establishing a procurement function can significantly enhance their attractiveness to potential buyers. Key Considerations for Pre-Acquisition Visibility of Spend: Acquirers are looking for transparency in cash flow and spend management.

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Procurement Procurement strategies Real-time Visibility Contract 40

Claritum

JANUARY 25, 2019

The level of understanding of procurement automation within a company influences significantly the adoption. By automating their business processes in functions such as finance, procurement and goods receiving and automating time-consuming, repetitive tasks SMEs stand to improve productivity which will help them gain competitive advantage.

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

World of Procurement blog

MAY 23, 2024

Delivery performance - Measure on-time delivery rates and lead times for each supplier. Reliable, on-time delivery is essential. Spend time getting to know prospective suppliers' operations, capabilities, and roadmaps when selecting preferred partners. Track on-time delivery, quality, responsiveness, and other KPIs.

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Supplier consolidation Suppliers Supply Chain Efficiency supply chain budgeting 52

Procurement Software

JANUARY 23, 2024

At the same time, it also provides AI-powered management of contractual obligations and deliverables. Specific and sustainable supplier catalogues are included, allowing users to benefit from Hivebuy’s bulk buyer conditions. It simplifies contracts, making them easy to understand, manage and interact with.

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Procurement supply chain software solutions Supply Chain Efficiency Real-time Visibility 52

Empowering CPO

MAY 31, 2023

The main objective of SRM is to streamline and improve processes between a buyer and its suppliers. Just like customer relationship management aims to make the buyer more effective in dealing with customers, SRM makes the enterprise more proficient in interacting with its suppliers.

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Supplier relationship management Collaboration Suppliers Supply Chain Efficiency 52

Procurement Software

JULY 18, 2023

It gives you full visibility of your spend data, all in one place. New modules are being developed all the time as part of WeProc’s continuous development. Specific and sustainable supplier catalogues are included, allowing users to benefit from Hivebuy’s bulk buyer conditions. It’s also designed in a modular fashion.

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Purchasing Contract Negotiation Real-time Visibility 52

Empowering CPO

JUNE 14, 2023

It is a strategic process that involves identifying business needs, sourcing suppliers, negotiating contracts, managing supplier relationships, and ensuring the timely delivery of high-quality products or services. These models are often accompanied by practices such as annual rate contracts, bulk buying, and just-in-time purchasing.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

SCMDOJO

NOVEMBER 20, 2024

Such as: Real-time visibility into stock levels Visibility of stock location and movement When accurate and up-to-date information on the product quantity is available to a particular firm, it dramatically helps a company’s growth and reduces obsolescence. Improves cash flow by reducing working capital requirements.

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Inventory Supply Chain Optimization Supply Chain Efficiency Real-time Visibility 98

Procurement Tactics

MARCH 27, 2023

Although it always relates to demand and sales projections, forecasting can also be used to determine product pricing, lead times, labor needs, and more. The integration of AI into forecasting improves accuracy, saves more money, and helps businesses react to exceptions in real-time.

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Procurement Insights

OCTOBER 20, 2023

At the time, it was as much whimsy as it was reasonable contemplation. I say reasonable because that was the time when many people started asking the question, “Why can’t buying at work be as easy as it is at home on Amazon? .” ” Comparison Results: Amazon AWS is the clear winner in this comparison.

Buyers 78

Buyers Real-time Visibility Eprocurement Procurement 78

Supply Chain Game Changer

JANUARY 30, 2020

As I mentioned in my prior blogs, Inventory Turnover Breakthrough , we needed to take a holistic approach and we needed to tackle the high level levers that influence inventory levels. . We had skus with lead times and safety stock levels which were driving as much as ONE YEAR’S WORTH of component level inventory.

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Inventory Agile and Lean Supply Chain Supply Chain Optimization Replenishment ordering 71

Supply Chain Game Changer

NOVEMBER 16, 2018

As I mentioned in my prior blogs, Inventory Turnover Breakthrough (Parts 1 and 2) , we needed to take a holistic approach and we needed to tackle the high level levers that influence inventory levels. Further there was no differentiation between the order lead time and the order replenishment lead time.

Inventory 58

Inventory Agile and Lean Supply Chain Supply Chain Optimization Replenishment ordering 58

Procurement Insights

MARCH 13, 2025

unified spend visibility), and improved user adoption due to consistency. Real-World Example Harmonization : A company migrates to SAP Ariba (ProcureTech) and SAP S/4HANA (ERP), aligning procurement workflows so purchase orders created in Ariba automatically update inventory and financials in S/4HANA in real time.

Real-time Visibility 52

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Procurement Insights

APRIL 8, 2025

Why They Champion It : Their operating system supports autonomous decision-making across procurement ecosystems, enabling real-time collaboration between suppliers, buyers, and logistics partners. Key Strength : Their GenAI-powered platform enhances visibility and efficiency, critical for multi-enterprise collaboration.

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Supply Chain Efficiency Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization 52