ProcurePort

OCTOBER 11, 2023

Reverse auctions are a procurement strategy that flips the traditional purchasing process on its head, allowing suppliers to compete for a buyer’s […] The post Reverse Auctions for Cost Savings in a Down Economy appeared first on ProcurePort Blog. One such method gaining popularity is the use of reverse auctions.

Procurement strategies 130

Procurement strategies Buyers Innovation Purchasing 130

Procurement Tactics

JANUARY 5, 2023

Once you are finished reading this article, you will have a deeper understanding of the PunchOut catalog and why many procurement professionals use it nowadays. . However, instead of the suppliers handling the invoicing and sale of the purchased items, the entire transaction is managed by the buyer’s e-procurement system. .

Buyers 179

Buyers Purchasing Suppliers Price 179

Spend Matters

APRIL 15, 2025

Across industries, AI is capable of reshaping procurement, making it smarter, more predictive and highly efficient. In this article we will highlight some of the key changes AI has made to procurement strategies in the following industries: manufacturing and industrials, life sciences and healthcare, and the public sector.

Real-time Visibility 73

Real-time Visibility Procurement e2e Supply Chain Efficiency 73

Procurement Tactics

JUNE 8, 2023

A purchase order clearly specifies the details of the purchase, such as the quantity, description, and price, ensuring there are no misunderstandings between the buyer and the seller. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2. What is its Purpose?

Purchase orders 130

Purchase orders Purchasing Buyers Quantity 130

Procurement Tactics

DECEMBER 7, 2022

Financial supply chain or supply chain finance describes a set of technology-based solutions that helps lower financing costs and enhance the business experience for sellers and buyers connected in sales transactions. . While suppliers can gain quick access to money the buyer owes them, the latter can get more time to pay their balances.

Supply Chain Efficiency 181

Supply Chain Efficiency supply chain software solutions Supply Chain Optimization Supply chain 181

Procurement Tactics

JULY 2, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2.  Menu Course Library 1.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

Procurement Insights

APRIL 8, 2025

Handling Multi-Stakeholder Complexity Factor Agent-Based Model (Metaprise) Equation-Based Intake & Orchestration Interoperability Agents represent suppliers, buyers, and logistics providers, collaborating across ecosystems. buyers, suppliers) with individual rules and interactions, modeling emergent behaviors in complex systems.

Supply Chain Optimization 81

Supply Chain Optimization Supply Chain Efficiency Procurement Agile and Lean Supply Chain 81

Procurement Tactics

MAY 2, 2023

In procurement, contracts are documents to procure the needed services or products. It is an agreement where the buyer and supplier bind themselves to manage a project. Procurement Strategy Course Take the lead with our proven 5-step procurement strategy 3. What Are Sustainable Contracts?

Sustainability 181

Sustainability Contract Procurement Negotiation 181

Skill Dynamics

JANUARY 14, 2025

Procurement Strategy The development of a long-term, overarching procurement strategy that can adapt to global changes can set your business apart from your competition. Its a unique function within the world of procurement but can be a key differentiator between you and your competitors if handled correctly.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

Spend Matters

APRIL 22, 2024

Here’s why Penny matters: To the market — Penny offers a solution tailored to meet the specific sourcing needs commonly found in the Middle East, such as emphasis on ERP integration and procurement strategies designed for RFP sourcing.

Procurement strategies 116

Procurement strategies Purchasing Buyers Sourcing 116

Procurement Tactics

APRIL 23, 2023

Procurement Strategy Course Take the lead with our proven 5-step procurement strategy 3. Establish standards based on current international norms of conduct rather than creating new ones to avoid weakening international law and to avoid conflicting requirements for suppliers with numerous buyers.

Sustainability 177

Sustainability Suppliers Supply Chain Efficiency Chief Procurement Officer 177

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 27, 2023

E-invoicing Mandate | France 2024 March 27, 2023 | | Procurement Strategy by Steve Carter The biggest change to Accounts Payables since the introduction of double entry journals is about to hit finance departments–but are they prepared? Read More : Under Pressure, Will Procurement Take Performance Higher in 2023?

Procurement strategies 130

Procurement strategies Agile and Lean Supply Chain Real-time Visibility Networking 130

Procurement Insights

MARCH 16, 2025

pricing trends, geopolitical risks) and contextually compare it with internal procurement data. MCP ensures that AI remembers industry-specific risks and adapts procurement recommendations accordingly. Improved Outcome: More adaptive procurement strategies , helping organizations respond to supply chain disruptions.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

Spend Matters

FEBRUARY 27, 2023

Categories: Analytics , Procurement Strategy & Planning , Spend Analysis , Supplier Information Management Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of Vendigital, its solution for spend and supplier analytics and how it pairs these tools with its consulting capabilities.

Suppliers 98

Suppliers Buyers Strategic sourcing Strategic sourcing 98

Jaggaer

NOVEMBER 14, 2024

It empowers procurement teams to make data-driven decisions that go beyond standard commercial metrics. Platforms like JAGGAER One bring together enterprise buyers, suppliers, and partners on a single, cloud-based solution. Strategic procurement facilitates efficient, repeatable, and audit-proof new product introductions.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Chief Procurement Officer Supply Chain Optimization 52

Spend Matters

SEPTEMBER 9, 2022

Categories: Conferences , Innovation , Jason Busch , Procurement Strategy & Planning Tags: Conferences and Events , Digital Procurement World Since its inaugural event, we have been known to say of Digital Procurement World that it is “The Best New Procurement Event in Years.”

Procurement 98

Procurement Procurement strategies Innovation Buyers 98

Spend Matters

JANUARY 23, 2023

Categories: Operations , Procurement Strategy & Planning , Procurement Systems & Architecture Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of Oro, a procurement orchestration platform that aims to make procurement easier and more efficient through the use of powerful, easy-to-configure and smart workflows.

Procurement strategies 109

Procurement strategies Buyers Procurement solutions Procurement 109

Procurement Tactics

OCTOBER 6, 2022

Collect and submit follow-up questions for the buyer. You may ask yourself, Do I have the performance data and customer references that the buyer asked for? An RFP is just a proposal to be sent to a buyer. Once the buyer agrees, then that RFP can become the foundation of the contract through the negotiation of the parties.

Project management 180

Project management Management Bidding Buyers 180

Procurement Insights

APRIL 18, 2025

This underscores the need for different procurement strategies, risk management, and technology solutions for indirect MRO spend versus direct materials 3 5. Many vendors and buyers have accelerated purchases to get ahead of these tariffs, causing temporary price drops followed by sharp increases once tariffs take effect 1 4 5 6.

Price 75

Price Demand Supply chain Real-time Visibility 75

Una

OCTOBER 25, 2022

Internal buyers consider existing processes to be too tedious and/or confusing. Internal buyers are unaware of existing processes. Curbing maverick spending and encouraging buyers to spend with preferred suppliers is best achieved through educating the workforce. Enforcing this rule can result in major purchasing bottlenecks.

Supply Chain Efficiency 105

Supply Chain Efficiency Procurement Purchase orders Real-time Visibility 105

Procurement Tactics

JUNE 7, 2023

Supplier collaboration goes beyond traditional buyer-supplier relationships by promoting cooperation, transparency, and innovation throughout the supply chain. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2. CERTIFICATE COURSES Related courses about this subject 1.

supply chain software solutions 130

supply chain software solutions Collaboration Suppliers Supply Chain Efficiency 130

Spend Matters

FEBRUARY 8, 2023

Categories: Procurement Systems & Architecture , Sourcing Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of DeepStream and its solution for e-sourcing, which covers the entire Source-to-Contract (S2C) process. Read more. )

Sourcing 95

Sourcing Buyers Procurement strategies Contract 95

Procurement Tactics

NOVEMBER 27, 2022

Companies that incorporate green purchasing in their procurement process consider where to source for raw materials, production, manufacturing, packaging, distribution, reusing, maintenance, and disposal of a product. . Here in Procurement Tactics, we have developed a course that will enable you to refine your strategy for your procurement.

Procurement 191

Procurement Sustainability Purchasing Raw materials 191

Spend Matters

MARCH 8, 2023

Categories: Procurement Strategy & Planning , Procurement Systems & Architecture , Strategic Sourcing Tags: PRO In this Spend Matters PRO Vendor Analysis, we give an overview of akirolabs, a category strategy management solution built to support the transformation of procurement from a tactical function to the role of value orchestrator.

Strategy 98

Strategy Strategic sourcing Strategic sourcing Management 98

Spend Matters

JANUARY 18, 2023

Categories: Contract Management , Procurement Strategy & Planning , Procurement Systems & Architecture Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of dSilo’s contract and invoicing analytics solution. dSilo is a new vendor with an emphasis on AI.

Contract 98

Contract Procurement solutions Procurement Contract management 98

ivalua

AUGUST 11, 2021

Responsible sourcing is the incorporation of ethical, sustainable and socially conscious principles into sourcing, procurement and overall supply chain management practices. This approach ensures that business between a buyer and its suppliers is conducted in a manner that does not negatively impact society or the environment. .

Sourcing 130

Sourcing Ethics Sustainability Buyers 130

Spend Matters

JANUARY 30, 2023

Categories: Procurement Strategy & Planning , Supply Chain Visibility Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of Portcast and its solution for cargo tracking. The modern supply chain is convoluted. The more stops in a supply chain, the harder it becomes to track and monitor said goods.

Real-time Visibility 98

Real-time Visibility Supply Chain Visibility Supply chain Procurement strategies 98

Procurement Tactics

AUGUST 25, 2022

Her company, Tealbook, is a supplier intelligence platform with the power to change the way buyers obtain supplier data. By using it, customers have the data to make informed decisions which results in empowered and transformative procurement strategies. .

Procurement 231

Procurement Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 231

Procurement Tactics

JUNE 28, 2023

The way a Futures Contract works is that the seller should sell or the buyer should purchase the underlying commodity at the agreed price, at the contract’s expiration date, regardless of its current price at the time of the expiration 2. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2.

Raw materials 178

Raw materials Supply Chain Efficiency Price Market analysis 178

Spend Matters

OCTOBER 19, 2023

We are pleased to announce that the recognized Future 5 providers are: akirolabs — Founded by procurement veterans, akirolabs is a Berlin-based digital solution that helps transform procurement from a tactical function to a value orchestrator.

Supply Chain Optimization 113

Supply Chain Optimization Supply Chain Efficiency Procurement team Buyers 113

Procurement Insights

FEBRUARY 27, 2025

Procurement’s success, ongoing viability, and relevance depend on understanding and aligning these two spheres. The Risk Of Metaprise Misunderstanding Those who have followed this blog for many years know I am skeptical of one-size-fits-all procurement strategies pushed by big vendors or consultants. What is your take?

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Optimization Procurement Supply Chain Efficiency 52

Spend Matters

OCTOBER 3, 2023

Yet the recent Spend Matters co-authored Deloitte CPO study finds that “Nearly all CPOs understand the power of digitization, which is why digital transformation is the second most cited procurement strategy (behind supplier collaboration) and why 55% of Orchestrators of Value cite it as a “top 3” strategy (compared to just 36% of Followers).”

Procurement 111

Procurement Price Buyers supply chain budgeting 111

Spend Matters

FEBRUARY 22, 2023

Categories: Cost Management , Procurement Strategy & Planning , Sourcing , Spend Analysis Tags: PRO In this Spend Matters PRO Vendor Analysis we give an update of LevaData, a solution built to support the sourcing process for direct materials.

Sourcing 98

Sourcing Supply Chain Optimization Procurement strategies Supply chain 98

Procurement Insights

APRIL 3, 2025

It hosts global events, supports startup innovation, and provides thought leadership to procurement professionals seeking digital transformation. 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.

Innovation 52

Innovation Real-time Visibility Sustainability Collaboration 52

Procurement Tactics

MARCH 23, 2023

The procurement department finalized the digital purchase order which is routed for approval and sent to the preferred suppliers. The supplier completes the purchase order and will send the goods to the buyer. After this, the supplier will send a digital invoice that states the amount to be paid by the buyer.

Contract 156

Contract Sourcing Purchase orders Bidding 156

Procurement Tactics

JUNE 26, 2023

Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2. Procurement Strategy Course Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Course Maintain profitability while moving toward sustainability 4. Alpha price at $105.00

Price 195

Price Suppliers Negotiation Real-time Visibility 195