Procurement Insights

MARCH 17, 2025

I received an email a few moments ago with the headline – NEWS: Beroe Acquires nnamu to Turbocharge Procurement Negotiations with Game Theory and AI. However, I am very familiar with a ProcureTech solution provider named ProPurchaser, which also, as I see it, “turbocharges” negotiations.

Negotiation 52

Negotiation Procurement team Real-time Visibility Cost of ownership 52

SCMDOJO

MARCH 24, 2025

Suppliers whose prices fluctuate significantly over time may not be suitable for long-term partnerships, whereas those who consistently provide products at estimated costs can be considered for future contracts. However, due to bulk purchasing negotiations, the company secures a discount and purchases the material at $4.50

Price 58

Price Purchasing supply chain budgeting Raw materials 58

Jaggaer

OCTOBER 24, 2024

Collaboration across Tier 1, Tier 2, Tier 3, and beyond requires visibility and communication regarding capacity, cost, risk, order quantities, inventory levels, quality , timelines, logistics, and more. Collaboration brings visibility and agility for gaining market share.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

Procurement Insights

JUNE 6, 2024

” The Supplier – What is the “one thing” all successful negotiators know – [link] The Manufacturer – What is your Buyer – Supplier “TRUST” Score – [link] The Shipper – Automation, AI, and Supplier Trust: Striking A Raw Nerve With the Workforce? How about a client retail chain losing market share?

e2e 65

e2e Supply Chain Visibility Real-time Visibility Supply chain 65

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. These tips will likely change over time so constant research and informed decisions will play a big part. Top 10 US Dropshipping Suppliers Study Procurement Study Negotiations 1.

Price 195

Price Suppliers Negotiation Real-time Visibility 195

Procurement Software

MARCH 16, 2025

While full-scale digital transformation certainly takes time, organisations can see rapid improvements in efficiency, collaboration, and data accuracy right from the outset. They can make informed decisions, negotiate more effectively, and identify cost-saving opportunities faster.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

Procurement Tactics

NOVEMBER 14, 2022

An example of a Retail Supply Chain from the founder of Procurement Tactics: “In my period as Procurement Manager for Ahold Delhaize, I learned that there is a strong link between the performance of buyers and the supply chain. I, as a negotiator, wanted to be an escalation possibility. Visiting suppliers. Shipping Congestion.

Retail Supply Chain 190

Retail Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 190

TYA Suite

JUNE 2, 2025

But purchasing is more than just placing orders, it's a structured process that ensures the right items are bought, from the right sources, at the right price, and at the right time. The procurement process lays the groundwork by choosing appropriate suppliers and securing advantageous conditions through negotiation.

Purchasing 40

Purchasing supply chain budgeting Purchase orders Quantity 40

Procurement Tactics

DECEMBER 21, 2022

After taking the time to read this article, you will have a deeper understanding of what supply chain collaboration is all about. Thus, allowing you to know if your decision is right when the time comes you are going to collaborate in the supply chain. . Defining Supply Chain Collaboration. Select partners based on their capability.

Collaboration 199

Collaboration Supply Chain Optimization Supply Chain Efficiency Supply chain 199

Procurement Heads

JANUARY 30, 2023

I am an IT Buyer and procure software and hardware. Procurement is more about contract management and negotiating great commercials for your business. IT procurement provides a lot more visibility to senior stakeholders within the business. I enjoy negotiating so that is also a bonus. Negotiation is a hobby for me.

supply chain budgeting 130

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

Procurement Express

MARCH 9, 2025

Setting up purchase orders in QuickBooks takes minutes, and once you do, youll have better visibility into spending, more control over your budget, and fewer last-minute payment fires to put out. Tracking vendor performance and pricing over time also gives you leverage for negotiating better terms. The good news?

Purchase orders 52

Purchase orders Purchasing Real-time Visibility Vendor relationships 52

Una

OCTOBER 25, 2022

Once the relevant information has been collected, you’ll be able to prioritize how best to direct your resources and time. Procurement professionals will be less consumed by endless supplier relationship management (SRM), negotiations, and the processing of purchase orders or invoices. Internal buyers are unaware of existing processes.

Supply Chain Efficiency 105

Supply Chain Efficiency Procurement Purchase orders Real-time Visibility 105

Procurement Insights

APRIL 9, 2025

Enhanced Adaptability to Dynamic Environments Challenge : Traditional equation-based models fail to respond to real-time disruptions (e.g., Agent-Based Solution : Agents represent suppliers, buyers, and logistics providers, sharing data and negotiating terms autonomously. 3-way invoice matching). 30% faster approvals).

Supply Chain Efficiency 52

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

Jaggaer

MARCH 6, 2025

These reforms and similar ones in other countries open up opportunities for public sector buyers. Strengthening Cybersecurity The rise in cyber threats has made robust security measures a non-negotiable aspect of procurement technology. Spend Analysis: Offering detailed visibility into spending patterns, enabling cost optimization.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement supply chain budgeting Sustainability 52

ivalua

JUNE 1, 2022

Overall, their strategy must move toward data-driven decision-making to provide real-time information visibility. However, they could probably leverage their great buyers in a better way by having proper data delivered to them upfront and allowing them to identify the most strategic new projects.

Real-time Visibility 130

Real-time Visibility Agile and Lean Supply Chain Supply Chain Efficiency Procurement 130

Jaggaer

FEBRUARY 5, 2025

It is a process that creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. Implementation of new supply structure Track results and restart assessment This model has essentially stood the test of time.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 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.

Buyers 52

Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

ivalua

MARCH 9, 2023

It starts with identifying the right suppliers for a need, sharing requirements and evaluating supplier offers, selecting the most appropriate supplier, negotiating terms and contracting with them to receive goods and/or services. A comprehensive Source-to-Pay platform is a critical component of an organization’s IT environment.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

TYA Suite

JANUARY 27, 2025

The real estate industry, characterized by intricate processes and substantial investments, constantly seeks ways to enhance efficiency, reduce costs, and ensure timely project completion. From sourcing construction materials to hiring contractors, a well-organized is essential for timely project completion and cost control.

Real-time Visibility 40

Real-time Visibility Management Procurement supply chain budgeting 40

TYA Suite

MAY 13, 2025

It ensures that every team has the right resources at the right time, without delays or extra costs. The PO serves as an official record of the transaction between the buyer and the supplier. Over time, these enhanced collaborations improve supply chain stability and can even lead to co-innovation opportunities.

Procurement 40

Procurement supply chain budgeting Supply Chain Efficiency Raw materials 40

ivalua

FEBRUARY 24, 2021

Streamlined Contract Authoring: By starting contracting during sourcing, customers can reduce the cycle time from quote to contract and consider negotiated terms in sourcing decisions. Collaborative Authoring: Collaboration internally and with suppliers within a contract helps improve efficiency and visibility throughout the process.

Supply chain resilience 100

Supply chain resilience Supply Chain Efficiency Supply Chain Optimization Innovation 100

Arkestro

MARCH 11, 2025

Whether its investors tracking stock performance or businesses evaluating market conditions, clarity and visibility help fuel economic growth. If you go to a brokerage platform and want to buy security, both the buyer and seller sides of the negotiation are published to the market in the Bid and Ask offers.

Real-time Visibility 52

Real-time Visibility Procurement Procurement team Price 52

Pipefy

MAY 16, 2025

Lost documents, duplicate payments, and lack of visibility are just a few of the common pain points.os. With optimized workflows, teams can spend less time on low-value work and more time on strategy and supplier negotiations. How do AI Agents improve the P2P cycle?

Real-time Visibility 59

Real-time Visibility Procurement Purchasing Supplier negotiation 59

Procurement Software

APRIL 18, 2023

eAuctions are an essential alternative to traditional negotiation methods. 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. What is an eAuction?

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

Zycus Cognitive Procurement

JANUARY 16, 2023

You must have found yourself struggling with limited visibility into preferred or contracted suppliers, contract utilization status, budgeting issues, and multiple requirements for sourcing low dollar items or services. It is usually time consuming, require multiple approvals and follow ups. Lack of pricing compliance .

Sourcing 52

Sourcing Real-time Visibility Procurement Buyers 52

Planergy

MARCH 18, 2025

Tools like PLANERGY enhance supply chain resilience by providing real-time tracking, data-driven insights, and streamlined communication with suppliers. Building strong supplier relationships, diversifying sourcing, and adopting solid inventory management practices are essential to minimizing risks and ensuring service continuity.

supply chain budgeting 52

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

Jaggaer

OCTOBER 24, 2024

From bundling spend to identifying mutual efficiencies, these approaches not only drive down costs but also strengthen supplier relationships, ensuring sustainability and value over time. While this approach may result in short-term savings, it can be counterproductive in the long run.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain budgeting 52

Jaggaer

OCTOBER 24, 2024

Your goal might be to transition from purely traditional buyer-supplier business arrangements, fine-tune strong supplier relationships that yield average results, or something in between. These may also emerge during contract negotiations and any supplier development programs, resulting in more favorable terms with more reliable suppliers.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Agile and Lean Supply Chain 52

Procurement Insights

AUGUST 30, 2023

They say that, like truth, good ideas stand the test of time. In this test case, the public sector organization realized a year-over-year 23% cost of goods savings for seven consecutive years while simultaneously reducing the number of buyers required to manage the contract to 3 from an original 23.

Real-time Visibility 52

Real-time Visibility Procurement supply chain software solutions Buyers 52

Arkestro

FEBRUARY 6, 2024

Our team traveled to Asia to train 25 of the organization’s employees (including buyers and sourcing managers) on how PPO can be applied in their specific circumstances. Supplier and Buyer Engagement In India, our team worked to train over 15 buyers. You can unsubscribe at any time. The results were immediate.

Competitive bidding 52

Competitive bidding Procurement Real-time Visibility Supply Chain Efficiency 52

Jaggaer

JUNE 11, 2020

With the current global economic circumstances, it should come as no surprise that businesses across all industries are looking for real time solutions to aid their procurement process by identifying cost reduction and spend management opportunities as a priority. The Fundamentals of the Process.

Real-time Visibility 52

Real-time Visibility Procurement Spend management Supply Chain Efficiency 52

Procurement Software

MARCH 5, 2024

Lavenir AI LavenirAI is a conversational AI-powered procurement negotiation training platform. Designed by procurement specialists, for procurement professionals, LavenirAI was developed to raise the bar for procurement negotiation. LavenirAI allows you to train anywhere, any time, so you can stay at the top of your game.

Real-time Visibility 52

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

Procurement Software

FEBRUARY 20, 2024

Feature highlights include: Easy to use five-category classifications, best in class enterprise taxonomy, the ability to gain insights from trend analysis and organisation behaviours, 100% spend visibility and proprietary machine learning algorithms designed to deliver accuracy. M&A) The solution gives you full spend visibility.

Supply Chain Efficiency 59

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

The Procuretech Podcast

MARCH 31, 2020

Tarmo Saidla joins me from Procurement Flow, an Estonian startup focusing on: Making workflows more visible for procurement and requisitioners Keeping budgets under control for CFOs Allowing project managers to keep track in real time of what in the process their requisitions for materials and services are at.

Real-time Visibility 40

Real-time Visibility Procurement Management Buyers 40

Procurement Software

MARCH 11, 2022

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. Yet hardly any TRULY have a real grip on what they BUY. Every company knows what they sell. And yet they do.

supply chain software solutions 52

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

Procurement Software

MARCH 11, 2022

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. Yet hardly any TRULY have a real grip on what they BUY. Every company knows what they sell. And yet they do.

supply chain software solutions 52

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

Arkestro

AUGUST 1, 2022

For the longest time, the procurement scale has tipped in favor of the buyer. The leverage buyers once used against suppliers is no longer working in the current global inflationary economy. Some of these include annual pricing reductions, extended payment terms, and the lack of visibility and profit-sharing.

Supplier relationship management 52

Supplier relationship management Suppliers Management Buyers 52