Let's Talk Supply Chain

JANUARY 11, 2023

Today I’m joined by Nipendo , a forward-thinking software brand that is on a mission to improve how buyers and suppliers work together to combat Source-to-Pay inefficiencies and costs. It was that approach – much more additive than disruptive – that really intrigued me as the new age of spend management.”

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Let's Talk Supply Chain

AUGUST 7, 2022

Today I’m joined by Orderful , a forward-thinking EDI software provider, that is on a mission to modernize contemporary supply chains. IN THIS EPISODE WE DISCUSS: [06.41] Erik’s founder story, and the journey that led him to “experience the tension between small suppliers and giant buyers” first hand, and establish Orderful. “I

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Supply Chain Game Changer

DECEMBER 9, 2020

Subscribe to Supply Chain Game Changer. What is Product (or Master) Data Management? The following Product Information Management (PIM) article was written by guest author Alex Borzo, a content contributor at Amber Engine , a software company passionate about eCommerce. Email Address. Get Our EBOOK HERE.

Inventory 98

Inventory supply chain software solutions Management Supply Chain Optimization 98

Procurement Tactics

JULY 2, 2023

When it comes to procurement, a job order is created to initiate and manage the procurement process. Budget Control When it comes to maintaining budgetary control throughout the entire procurement process, job orders are crucial. A clear budget 4.

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Procurement Heads

JANUARY 30, 2023

I am an IT Buyer and procure software and hardware. My role also involves ad-hoc IT renewals and managing this process. You’ve previously worked on the supply chain side of retail, how much of a shift was it to procuring IT for a leading infrastructure company? No, I fell into supply chain and procurement!

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World of Procurement blog

MAY 8, 2024

It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Procurement is strategically important because it: Drives significant cost savings through economies of scale, supplier negotiations, and process efficiencies.

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Let's Talk Supply Chain

AUGUST 21, 2023

With over $8 billion of product sourced, nearly 1 million RFQ’s and over 50,000 buyers and suppliers involved, they are the world’s largest manufacturing marketplace. We invested almost $100 million in fully digitizing our end-to-end operations and building software.” It’s one of the last markets that hasn’t been digitized….

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IBM Supply Chain Blog

APRIL 25, 2024

It should not be confused with business process management (BPM) , a more incremental approach to optimizing processes, or business process improvement (BPI), a broader term that encompasses any systematic effort to improve current processes. BPR involves business process redesign that challenges norms and methods within an organization.

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Procurement Tactics

AUGUST 24, 2022

It is a virtual platform where suppliers and buyers located anywhere in the world can collaborate together. Thus, it reduces costs and increases the profits of organizations. . It makes sense when the organization wants to concentrate on its core competencies or when a function is proven to be difficult to manage.

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Spend Matters

FEBRUARY 13, 2024

The rapid growth of AI technology among businesses globally has been transforming the way they operate,” says Iyyappan Chandramouleeswaran , source-to-pay transformation specialist, VP of procurement transformation at Standard Chartered and ex-management consultant with Accenture. This helps the system to respond more accurately to queries.

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Procurement Software

MARCH 11, 2022

Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. And yet, poor operational efficiency in Procurement means that the typical Category Manager often spends at least a THIRD of their time performing “busy work” This is not an effective or efficient use of their time.

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Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Arkestro

SEPTEMBER 5, 2023

With an ever-changing industry requiring staying up to date with technology developments, current trends, and new regulations, it can be difficult to manage costs while still ensuring quality parts. What that did was buyers were over quoting suppliers causing quote fatigue. Jeoff: Glad to be here! Purchasing 3.0

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Procurement Software

NOVEMBER 21, 2022

These help teams to manage the attribution of marketing efforts, plan their campaigns and content, and track marketing generated leads. This in turn enables them to manage their pipelines and forecast more accurately. These are usually not the household names with massive marketing budgets to sponsor glitzy conferences.

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Procurement Software

MARCH 11, 2022

Instead of looking at direct materials and purchased parts, the hidden opportunity is often found in effective tail spend management. The best opportunities now lie in tail spend management. Automating or simplifying this process can capture a lot of purchases in their net that were previously not being actively managed by Procurement.

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Procurement Software

MARCH 11, 2022

Instead of looking at direct materials and purchased parts, the hidden opportunity is often found in effective tail spend management. The best opportunities now lie in tail spend management. Automating or simplifying this process can capture a lot of purchases in their net that were previously not being actively managed by Procurement.

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Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. And yet, poor operational efficiency in Procurement means that the typical Category Manager often spends at least a THIRD of their time performing “busy work” This is not an effective or efficient use of their time.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

TYA Suite

MAY 14, 2023

Inventory management or inventory control is the process of monitoring the warehouse of a business to ensure that the stock is being used at the optimum level and is managed well. Before we walk you through, let’s understand the importance of inventory management. Why Do You Need an Inventory Management System?

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SCMDOJO

MAY 18, 2023

The following is a business case highlighting the background, context and value proposition of SCMDOJO’s Expert Marketplace, a platform designed to connect businesses with specialized Supply Chain Expert Services.

Supply Chain Efficiency 101

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IBM Supply Chain Blog

MAY 17, 2024

Four AI in commerce use cases are already transforming the customer journey: modernization and business model expansion; dynamic product experience management (PXM); order intelligence; and payments and security. Over 90% of business buyers say a company’s customer experience is as important as what it sells.

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Jaggaer

NOVEMBER 12, 2019

Most software vendors have taken an applications-driven approach to delivering solutions. This has brought benefits but not sustainable value , especially when buyers have looked for “best-of-breed” point solutions with limited interoperability. Automated compliance management. Competitive intelligence.

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Spend Matters

OCTOBER 3, 2023

Some cite budget constraints, some cite dealing with legacy systems, some cite getting senior management support, some simply don’t know where to start with a business case and others don’t know what systems to go for or what they actually need. A close second to price instability comes stock availability as a big challenge for buyers.

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ivalua

AUGUST 5, 2020

If this is done in a coordinated way, Invoice to Pay is more powerful than the traditional silo’s of Invoice software management, budget allocation and payments. Invoice to Pay and e invoicing solutions have enabled organizations like Select Medical to achieve 96% straight-through-processing of payment requests.

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supply chain software solutions Real-time Visibility Suppliers supply chain budgeting 130

Procurement Software

MARCH 11, 2022

Despite the movement towards a broader value-driven view of procurement excellence and how we contribute to the wider business (people, planet, profit), the reality is that even though there is a tacit, newly found appreciation that buyers deliver more than just bottom line savings, it often isn’t reflected in their annual objectives.

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Procurement Software

MARCH 11, 2022

Despite the movement towards a broader value-driven view of procurement excellence and how we contribute to the wider business (people, planet, profit), the reality is that even though there is a tacit, newly found appreciation that buyers deliver more than just bottom line savings, it often isn’t reflected in their annual objectives.

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Procurement supply chain budgeting Price Negotiation 52

Supply Chain Game Changer

APRIL 26, 2020

Subscribe to Supply Chain Game Changer. At Supply Chain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. As such we have introduced our “ Seasoned Leadership in Action ™” Interview series at Supply Chain Game Changer.

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Planergy

JANUARY 19, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It has been applied to various topics such as economics, business management, quality control, and mathematics. How to gain visibility and control of your indirect spend. How Pareto Analysis Works?

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Pipefy

MAY 23, 2023

Carrying out this process manually makes it susceptible to bottlenecks — (one out-of-office manager can delay the order by days — and introduces costly errors and risks. Therefore, as your new software system is implemented, it will be linked to accounts payable to ensure all records are reliable and payments are made.

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World of Procurement blog

JULY 27, 2021

We’d even go so far to say that the modern procurement pro doesn’t focus that much time on the actual buying, as roles have grown to focus on Supply Chain Management, Contract Management and Relationship Management. You’ll also notice that Procurement is often talked about as part of the Supply Chain.

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The Procuretech Podcast

JUNE 28, 2022

I ask Wolfgang about common mistakes in how organisations manage their procurement teams internally. He says that, interestingly enough, many of the biggest companies make the biggest mistakes - 50, 60, perhaps even 70 percent of a company’s overall budget is managed through suppliers by procurement.

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Sourcing supply chain budgeting supply chain software solutions Supply Chain Efficiency 52

Solvoyo

DECEMBER 9, 2020

Companies tend to engage in request for information (RFI), request for quote (RFQ) and request for proposal (RFP) processes to make sure they end up choosing the right software that meets their business and IT requirements. appeared first on Supply Chain Analytics, Planning & Optimization Software | Solvoyo.

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Supply Chain Game Changer

NOVEMBER 22, 2018

Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? The company is exploring whether or not to outsource IT, Accounting/Finance, Payroll, Human Resources, Software and Hardware Development, because they have been in the red at more than $100 million. Landgraf, CEO at Above the Standard ( [link] ).

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Planergy

OCTOBER 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Sourcing Supply Chain Management. RFX – request for X – can refer to any request a buyer issues a vendor – thereby applying to any of these documents. Download Free Copy.

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Let's Talk Supply Chain

AUGUST 28, 2022

And we serve everything up on our project and procurement software… for an easier way to book freight.”. As businesses look to scale and grow, we offer a three-pronged approach of technology and automation… training, strategy and coaching, and a co-managed talent offering.”. Check out our other podcasts HERE.

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Supply Chain Game Changer

NOVEMBER 17, 2018

At Supply Chain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. As such we have introduced our “Seasoned Leadership in Action ” Interview series at Supply Chain Game Changer. I would call myself an accidental supply chain executive!

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ivalua

FEBRUARY 25, 2021

Best-in-Class for Healthcare Supply Chain Management? Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts.

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Procurement Templates

JANUARY 17, 2024

What is demand management and why should we use it? Evidence of up to date internal management information availability. Evidence of up to date internal management information availability. Demand management embedded within the procurement process. Demand management is not a discipline in itself. SMT) level.

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SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. In this guide, we’ll explore the key principles of category management and how it can benefit your organization. Read More: What Does a Procurement Manager Do?

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