Procurement Tactics

MARCH 27, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Supply Chain Forecasting — Everything You Should Know Supply chain forecasting is about making predictions from both past and present information. What is Supply Chain Forecasting?

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supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 192

Una

AUGUST 4, 2022

IT Procurement | 'Stranger Things' Keeping IT Buyers Awake at Night. Even for seasoned audiences inured to horror tropes, the writers still manage to inspire fear. Here are just a few of the most frightening challenges keeping IT buyers awake at night. Auto-renewing software subscriptions. By Hugo Britt | August 4, 2022.

Buyers 98

Buyers Procurement supply chain software solutions Contract 98

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.”

Buyers 52

Buyers Suppliers supply chain budgeting supply chain software solutions 52

SCMDOJO

MARCH 19, 2024

In today’s fast-paced business landscape, having an efficient supply chain department is more important than ever. A streamlined supply chain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth.

Supply Chain Optimization 74

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 74

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 software solutions supply chain budgeting Real-time Visibility Supply Chain Efficiency 98

Supply Chain Game Changer

NOVEMBER 3, 2022

Subscribe to Supply Chain Game Changer. Thoughts on Future Challenges and the Strategic Direction of Supply Chain! Supply chain management is an important aspect of every business because it ensures your business gets the supplies, resources, and materials it needs to fulfill services or deliver products to customers.

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supply chain budgeting supply chain software solutions Supply Chain Efficiency Supply chain 115

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

Supply Chain Game Changer

SEPTEMBER 18, 2022

Subscribe to Supply Chain Game Changer. This is why crypto risk management is important to take your wealth off of exchanges and into your own hands. The most popular storage option is a wallet , which can take many different forms: Hardware wallets; Paper wallets; Software wallets. Subscribe Here! Email Address.

Risk management 109

Risk management Risk Management supply chain software solutions 109

Supply Chain Collaborator

MARCH 16, 2020

The Novel Coronavirus pandemic is absolutely playing havoc on supply chains globally and for numerous reasons. Here are three reasons why logistics management software like TMS, YMS Freight Audit and others is essential to the survival of business during events like global pandemic.

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supply chain software solutions Supply chain Freight Audit Real-time Visibility 108

SCMDOJO

JANUARY 17, 2024

Unfortunately, the majority of them miss one of the critical aspects of the supply chain – the Return Management of goods. What is Returns Management? But nowadays, it is an integral part of the supply chain. The company arranges to pick up the items from the end buyer and take them to the warehouse.

Supply Chain Efficiency 86

Supply Chain Efficiency Management Supply Chain Optimization Logistics 86

Procurement Software

FEBRUARY 14, 2023

If you’re more of an audio person, we also ran a recent episode of the podcast covering some of these, which you can access here: What are the top 10 criteria to consider when buying procurement software? Or, more specifically, what type of cost model does the procurement software provider use for their pricing?

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supply chain software solutions Procurement Price Sourcing 72

The Procuretech Podcast

OCTOBER 16, 2022

Kelly Barner, founder of Buyers Meeting Point and partner at Art of Procurement, a very warm welcome to the show! The View on Tech from Both Sides - Kelly Barner from Buyers Meeting Point. How did she make the journey from software consultant to content creator, and beyond? Check out Buyers Meeting Point. Stay in touch.

Buyers 40

Buyers supply chain software solutions Category management Influencing 40

Let's Talk Supply Chain

JUNE 5, 2023

Today I’m joined by Logward , an exciting tech brand with a vision of a future where supply chain departments lead the transformation of their industries, instead of simply transporting it. It’s improving carrier relationships… if we look at how often a booking is rejected, this number decreases the longer our solution is used.”

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supply chain budgeting supply chain software solutions e2e Supply Chain Optimization 59

Supply Chain Game Changer

JULY 7, 2021

Subscribe to Supply Chain Game Changer. Amazon Supply Chain strategies article and permission to publish here provided by Jae Jun. With newer technologies being founded, Amazon continually offers new services and breaks the rules of supply chain management to improve their service, margins, and for sellers.

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Supply Chain Optimization supply chain software solutions Supply Chain Efficiency Strategy 100

SCMDOJO

AUGUST 21, 2023

Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supply chain!” In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. 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 97

Let's Talk Supply Chain

SEPTEMBER 15, 2022

This, coupled with other external factors like clogged ports, only continues to exacerbate the havoc that disrupts the global supply chain. However, exporters can overcome some of these challenges by using financing solutions to improve cash flow, and significantly reduce the buyer’s payment risk. Reaction from Buyers.

Export 89

Export Buyers Management supply chain software solutions 89

Supply Chain Game Changer

JANUARY 20, 2021

Subscribe to Supply Chain Game Changer. Supply Chain Investment Challenges – Real and Imagined! You have also invested in supply chain systems to manage and monitor the flow of goods. In fact, the average mid-size and enterprise company has four supply chain system investments each!

Agile and Lean Supply Chain 90

Agile and Lean Supply Chain supply chain software solutions Supply chain Supply 90

Let's Talk Supply Chain

FEBRUARY 8, 2023

The past few years have been challenging as far as supply chain goes, and it doesn’t look like things will improve any time soon. All three used to suffer from inefficient supply chains, which resulted from bad supplier relations. That’s precisely what these three companies used to suffer from.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain Suppliers 52

Spend Matters

APRIL 24, 2024

If passed, the CSDDD would introduce new requirements for companies to conduct sustainability due diligence across their operations, subsidiaries and supply chain. The CSDDD sets out requirements for large companies regarding human rights and environmental protection across their global supply chains.

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supply chain software solutions Sustainability Supply chain Buyers 95

Procurement Software

MARCH 11, 2022

So, how can deploying the latest technology in procurement management help the bottom line? Here are just a few examples of how top procurement software solutions can move the needle and drive better results from your existing procurement team. Procurement tools will plug those leaky holes in your spend with external suppliers.

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

Procurement Software

MARCH 11, 2022

So, how can deploying the latest technology in procurement management help the bottom line? Here are just a few examples of how top procurement software solutions can move the needle and drive better results from your existing procurement team. Procurement tools will plug those leaky holes in your spend with external suppliers.

supply chain software solutions 52

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

Procurement Tactics

JULY 2, 2023

When it comes to procurement, a job order is created to initiate and manage the procurement process. Managers and businesses may be able to monitor their expenditures in comparison with the approved and allocated budget by indicating expected costs and financial parameters in a job order.

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supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

EazyStock

APRIL 18, 2023

Supply chain managers and inventory management professionals face a constant barrage of supply chain crises, with one always waiting around the corner. With every crisis comes the potential for supply chain disruption that can cause chaos for stock-holding businesses. Global supply chains.

Supply Chain Optimization 52

Supply Chain Optimization supply chain software solutions Supply Chain Efficiency Supply chain 52

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

Skill Dynamics

AUGUST 15, 2022

Strategic supplier relationship management (SRM) is a key factor for driving competitive advantage for multi-national organizations. We’ve highlighted the most important elements to help improve supplier relationship management: Foster the right behaviors. A supplier relationship management program.

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Supplier relationship management Suppliers Strategy Management 52

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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supply chain software solutions e2e Buyers supply chain budgeting 52

Supply Chain Game Changer

OCTOBER 1, 2019

Subscribe to Supply Chain Game Changer. The Digital Supply Chain (SC 4.0) But in the area of Supply Chain, which truly spans the entire operations of most any company, these technologies provide the platform to totally redefine how the work of Supply Chain is conducted every minute of every day.

Supply Chain Optimization 82

Supply Chain Optimization Supply Chain Efficiency supply chain software solutions Supply chain 82

Supply Chain Game Changer

MAY 5, 2021

Subscribe to Supply Chain Game Changer. Defining the New Normal in Supply Chain! As everyone in Supply Chain Management knows today, the field has come a long way. They use advanced ERP software and S&OP strategy to match supply with demand, and turn over inventory faster and faster.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain Strategy 52

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.

Supply Chain Efficiency 84

Supply Chain Efficiency supply chain software solutions Procurement Supply Chain Optimization 84

Spend Matters

OCTOBER 24, 2023

Here’s how Onventis describes itself: “We are pioneers in cloud-based solutions, transforming purchasing and finance processes since 2000. Our flagship product, Onventis Buyer cloud software, stands as a comprehensive procurement system designed to empower organizations across all aspects of procurement.

Procurement solutions 89

Procurement solutions Supply Chain Efficiency Procurement supply chain software solutions 89

Procurement Insights

FEBRUARY 17, 2024

As a result, there will be a continuing need for “low-level” buyers. DANONE IN 2023 In November 2023, I had the opportunity to moderate a panel discussion with Daniele Landi, C&P Sourcing Execution and Contract Management Director, Danone, and Chris Donofrio, Senior Procurement Manager, Spirent Communications Inc.

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supply chain software solutions Supply Contract management Supply chain 61

Procurement Tactics

JUNE 28, 2023

Commodity Trading is also a vital aspect of the Global Economy; Providing price discovery, risk management, and efficient resource allocation. Furthermore, it provides transparency when it comes to pricing trends as it focuses on the law of supply and demand Different Ways Commodities can be Traded 1.

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Raw materials Supply Chain Efficiency Price Market analysis 178

Procurement Insights

SEPTEMBER 15, 2023

As an introduction or lead-in to that old post, I want to share the following excerpt from an article written in June 2023 responding to the question – What is AI in supply chain in 2023? “AI assesses supplier performance data, quality records, and market intelligence to revamp supplier selection and management.

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Buyers supply chain software solutions Bidding Quality 63

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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Supply Chain Efficiency Supply Chain Optimization supply chain budgeting supply chain software solutions 54

ivalua

OCTOBER 24, 2021

The payment process required for international trade is complex, expensive and high risk for both suppliers and buyers. The partnership with TransferMate removes this friction, creating a transparent, rapid and low-cost solution to paying suppliers anywhere in the world. With global trade volumes expected to grow by 4.7% About Ivalua.

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Supply Chain Efficiency supply chain software solutions Spend management Suppliers 130

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.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

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.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52