World of Procurement blog

MAY 8, 2024

Value-add : Procurement aims to add value by optimizing processes, consolidating spend, and building supplier relationships. The goal is to find suppliers capable of delivering based on specifications, pricing, quality, capacity, and other factors. Purchasing focuses specifically on the buying transaction.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Tactics

JULY 2, 2023

There are various tools and software that provide a template to create a job order document. To continue to optimize procurement processes, implement these lessons in future job orders. Improved Supplier-Buyer Relationships Transparent relations with suppliers are also facilitated by clear and detailed job orders.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

SCMDOJO

JANUARY 17, 2024

Unfortunately, the majority of them miss one of the critical aspects of the supply chain – the Return Management of goods. 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. What is Returns Management?

Supply Chain Efficiency 87

Supply Chain Efficiency Management Supply Chain Optimization Logistics 87

Arkestro

MAY 9, 2022

Ensure your company has a steady supply of what it needs to produce its end product on time and at the lowest possible price. Ongoing Supply Chain Challenges. In a March 2022 article in The Harvard Business Review titled “ Are the Risks of Global Supply Chains Starting to Outweigh the Rewards?”

Procurement 52

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

SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. Sourcing plays a crucial role in building strong supplier relationships and achieving cost-effectiveness in the supply chain. Procuring: Procuring involves the entire process of obtaining goods, services, or works from external sources.

Procurement 98

Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 98

Skill Dynamics

AUGUST 15, 2022

There are various models for supplier relationship management and it’s a complex function involving assessment, advanced evaluation, and subsequent action planning to continuously optimize long-term relationships. They cannot be managed on mass in eAuctions systems or be subjected to blanket demands for price reductions.

Supplier relationship management 52

Supplier relationship management Suppliers Strategy Management 52

EazyStock

NOVEMBER 17, 2022

This year, purchasing teams are also facing continued challenges due to global supply chain and logistics pressures, component shortages, and soaring prices for electricity and fuel. Inventory, POS, shipping, web shops, and accounting software must be able to keep up to avoid lost revenue.

Purchasing 52

Purchasing Supply Chain Optimization Supply Chain Efficiency Inventory 52

EazyStock

NOVEMBER 17, 2022

This year, purchasing teams are also facing continued challenges due to global supply chain and logistics pressures, component shortages, and soaring prices for electricity and fuel. Inventory, POS, shipping, web shops, and accounting software must be able to keep up to avoid lost revenue.

Purchasing 52

Purchasing Supply Chain Optimization Supply Chain Efficiency Inventory 52

EazyStock

NOVEMBER 17, 2022

This year, purchasing teams are also facing continued challenges due to global supply chain and logistics pressures, component shortages, and soaring prices for electricity and fuel. Inventory, POS, shipping, web shops, and accounting software must be able to keep up to avoid lost revenue.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Inventory Real-time Visibility 52

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. It is within this context that SCMDOJO’s Expert Marketplace was conceived.

Supply Chain Efficiency 101

Supply Chain Efficiency supply chain software solutions supply chain budgeting Supply Chain Optimization 101

Pipefy

JANUARY 9, 2023

Supply chain risks heightened by geopolitical conflict. A recent survey of procurement and supply chain leaders found that 32% of procurement teams admitted to cutting corners with their sourcing criteria and suppliers to secure supply. Uncertain global markets. Layoffs and hiring freezes.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Procurement Procurement team Supply Chain Efficiency 59

Zycus Cognitive Procurement

SEPTEMBER 13, 2022

Recent technological developments, political relations, strict compliance mandates, and uncertain times have resulted in what Bernard talks about changing roles of buyers and suppliers in this VUCA world. Changing Roles of Buyers. This was the first significant change in the buyers’ role. New Competencies for new roles.

Procurement 52

Procurement Buyers Leadership Agile and Lean Supply Chain 52

Supply Chain Game Changer

JUNE 23, 2021

Subscribe to Supply Chain Game Changer. There is good procurement software in the market that caters to competitive bidings initiatives, but they are all expensive. They all claim to support SMEs, but often come with 6-figure annual pricing. appeared first on Supply Chain Game Changer™. Subscribe Here!

Competitive bidding 72

Competitive bidding Bidding supply chain software solutions Supply Chain Optimization 72

IBM Supply Chain Blog

MAY 17, 2024

Over 90% of business buyers say a company’s customer experience is as important as what it sells. To avoid this, it’s crucial for businesses to carefully plan and design intelligent automation initiatives that prioritize the needs and preferences of their customers, whether they are consumers or B2B buyers.

Supply Chain Efficiency 40

Supply Chain Efficiency Real-time Visibility Supply Chain Optimization e2e 40

Una

JANUARY 1, 2024

There are dozens of excellent survey software alternatives on the market, ranging from webpage pop-ups to app-based mobile surveys and plug-ins for platforms like Slack and Teams. Get control of IT procurement Two key IT procurement challenges that will test your resolve in the new year are shadow IT and auto-renewing software subscriptions.

Procurement 52

Procurement supply chain software solutions Contract Suppliers 52

EazyStock

JULY 2, 2021

Individual components may also be described as ‘ready for use’ When designing new products, this can help to plan timescales and pricing. Distributors need to have a clear command of their optimized order quantities for all components to ensure a smooth delivery to end customers. BOM and Inventory Optimization.

Bill of materials 52

Bill of materials Supply Chain Optimization Inventory Quantity 52

Planergy

JANUARY 19, 2023

Additionally, since it requires minimal effort and resources compared to other cost analysis methods, it has become a popular choice among many businesses looking for ways to optimize their budgeting process.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

Procurify

JUNE 21, 2022

The global supply chain took a massive hit during the Covid-19 pandemic, and its effects on organizations continue to this day. In fact, 75 percent of companies claim the supply chain disruptions have had negative or strongly negative impacts on their businesses. Written by: Ruya Yonak. Let’s get to it.

Purchase orders 52

Purchase orders Purchasing Supply Chain Optimization Suppliers 52

EazyStock

JANUARY 21, 2021

Predominantly based on the functionality of Dynamics NAV, it’s easily connected with Microsoft’s other solutions from the 365 software suite to provide a fully integrated business system. Here’s how an inventory optimization tool can help bridge the gap. Assign stock locations and track items from one location to another.

Inventory 52

Inventory Management Quantity Order Fulfillment 52

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] ).

supply chain budgeting 63

supply chain budgeting Procurement Supply Chain Efficiency supply chain software solutions 63

TYA Suite

MAY 14, 2023

This further allows you to improve your business and reduces wastage in different costs including: Supply chain management involves tons of challenges. With the integrated in place, different eCommerce businesses and retailers can efficiently prepare and incorporate a supply chain management.

Inventory 52

Inventory Real-time Visibility Management Supply Chain Efficiency 52

Procurement Software

JUNE 13, 2023

There doesn’t seem to be a month go by without a new solution coming onto the market offering eSourcing software as part of their offering. Knowing which solution is suited to your business and level of procurement maturity is a minefield. Which eSourcing solutions are best suited to mid-market businesses?

supply chain software solutions 52

supply chain software solutions Contract management Contract Sourcing 52

Supply Chain Game Changer

NOVEMBER 17, 2018

Always check the purchase price of the item you want to sell in the Amazon Revenue Calculator to see how much profit you will make after Amazon assesses their fees. For those already set up as a seller, the Amazon Seller App (for Apple or Android ) will allow you to see the selling price and fees associated with any product on their website.

Export 43

Export Price Real-time Visibility Supply Chain Optimization 43

Jaggaer

OCTOBER 8, 2019

This does not necessarily mean “hands-on” knowledge of software development, as the software applications are now available in secure multi-tenant cloud-based solutions. They should also extend this digitalization to supply chain management (supplier portal, webEDI, etc.) 4) The “Day of Digitalization”.

Procurement 40

Procurement e2e Agile and Lean Supply Chain supply chain software solutions 40

SCMDOJO

APRIL 3, 2022

They are far more convenient than conventional discussions and negotiations, providing procedural integrity and transparency while also lowering final prices owing to enhanced supplier competitiveness. Procurement price reductions can have a major influence on a business bottom line.

Supply Chain Efficiency 139

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 139

Procurement Software

MARCH 5, 2024

If you want to search the whole range of procurement tech companies out there beyond just startups, then check our our free software directory. Focal Point Focal Point is a growing Atlanta-based procurement startup offering a unique solution tacking three different challenges within procurement.

Real-time Visibility 52

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

SCMDOJO

APRIL 26, 2023

Category Management Software What is Category Management in Procurement? Category management can incorporate data-based array planning, inventory control, and product pricing with the mutual objective of enhancing sales performance and operational efficacy. Use appropriate technology to manage the categories.

Category management 77

Category management Management Supplier relationship management supply chain software solutions 77

ivalua

MARCH 9, 2023

Spend Analysis: Understanding their spend is one of the first steps a Procurement organization goes through-as a determinant for: Who are you buying from, what are you buying, how much are you buying, what price are you buying at, is it on or off-contract, etc. Sourcing: Where Procurement often creates value first.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

Pipefy

MAY 9, 2023

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.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

Planergy

JANUARY 18, 2024

Modern Spend Management and Accounts Payable software. Using a dynamic punchout catalog ensures customers can access data directly from their procurement software, and the data is always correct. It ensures that suppliers’ products, services, and pricing are consistent, accurate, and up-to-date. What's Planergy?

Management 52

Management Procurement Supplier relationship management Real-time Visibility 52

Procurement Software

JANUARY 23, 2024

If you want to search the whole range of procurement tech companies out there beyond just startups, then check our our free software directory. Key Data: Founder / CEO: Dr. Elena Mechik Date Founded: 2019 Visit Inhubber profile in our Software Finder 2. Anyone at Series A onwards, we would typically label as a Scaleup.

Procurement 52

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

Zycus Cognitive Procurement

JANUARY 31, 2023

By engaging in SRM practices, businesses can identify the best suppliers from which to source materials and services, optimize costs, mitigate risk, explore new opportunities for top-line growth through supplier innovation, streamline operational processes and receive preferential treatment as a customer of choice.

Supplier relationship management 40

Supplier relationship management Suppliers Management Supply Chain Efficiency 40

Pipefy

NOVEMBER 24, 2023

Many organizations have implemented software automation tools that allow them to get more done at a lower cost, but procurement is one area that has lagged behind in this trend. According to Amazon’s 2024 State of Procurement report, 95% of decision makers believe that procurement has room for optimization.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency e2e 52

Pipefy

FEBRUARY 3, 2023

Invoices are documents generated and issued by suppliers that indicate the products, product quantities, and pricing for products and services provided by them to a business, either via email, mail, or electronically. However, additional reports price this as high as $15 to $40 per invoice and as many as 45 days to process if done manually.

e2e 59

e2e Management Purchase orders Real-time Visibility 59

Supply Chain Action Blog

FEBRUARY 25, 2021

Supply chain planners or buyer/planners are people who must determine how much should be procured, when, and where. Purchasing or sourcing professionals, whose mission is to make sure that the purchase price is minimized, support the planning function, but purchase orders are issued by buyer/planners.

Inventory 52

Inventory Raw materials Supply Chain Optimization Bill of materials 52

Slimstock

MARCH 26, 2019

In simpler terms, it provides an organization with the right goods and services, at the right time, in the right place, for the right price. As international supply chain executive Sara Ireton indicates in Industry Week , it’s important to recognize “the success of one partner helps the success of the other.”

Procurement 66

Procurement Chief Procurement Officer Supply Chain Optimization Inventory 66

Planergy

JULY 21, 2023

This contingent labor allows you to optimize your marketing without fully engaging an internal marketing department or marketing agency. Goods have fixed prices, whereas services usually involve negotiation between buyers and sellers to reach a pricing agreement.

Management 52

Management Procurement supply chain budgeting Budget 52