Spend Matters

FEBRUARY 13, 2024

“Despite the maturity of e-procurement solutions,” he explains, “in my observation, manual and repetitive tasks still dominate the daily efforts of procurement professionals. Existing software solutions, while effective in delivering on their promises, often fall short in automating all aspects of procurement workflows.

Supply Chain Efficiency 83

Supply Chain Efficiency supply chain software solutions Procurement Supply Chain Optimization 83

Procurement Software

MARCH 11, 2022

Typically, the value that a procurement professional contributes to a business can usually be measured either in: Hard cost savings, or; Other, less tangible but equally important forms of value: Cost avoidance. Sustainability initiatives within the supply chain. Do you really need a team of 10 category managers?

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Spend Matters

MAY 22, 2024

The P2P process we know today was set up about 15 years ago for one simple reason, not necessarily to make buyers’ decisions easier, but for control. But the common buyer doesn’t know what that algorithm can deliver or how powerful it is. So the time is right for procurement teams to transition to data-first thinkers.

Procurement 61

Procurement Data supply chain software solutions Contract 61

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. Procurement is usually discussed in a business context because businesses buy whole lotta goods and services.

Procurement 52

Procurement Procurement team supply chain budgeting Contract management 52

Procurement Software

MARCH 11, 2022

Typically, the value that a procurement professional contributes to a business can usually be measured either in: Hard cost savings, or; Other, less tangible but equally important forms of value: Cost avoidance. Sustainability initiatives within the supply chain. Do you really need a team of 10 category managers?

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

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. One quarter of buyers are spending the equivalent of one day every week researching IT purchases.

Procurement 77

Procurement Price Buyers supply chain budgeting 77

Procurement Software

NOVEMBER 21, 2022

In the latest years, the need for digital procurement tools has arisen as businesses have entered a more rapid digital transformation process. The experience of COVID-19 also showed that poorly managed vendor master data contributed to some of the delivery delays and supply chain disruption. Typically, this is the CFO.

supply chain budgeting 52

supply chain budgeting Chief Procurement Officer supply chain software solutions Supply Chain Optimization 52

Pipefy

MAY 23, 2023

Here’s what that involves: Find the right procurement tool for your organization. However, the software that works best for you will be based on your industry, business size, tech stack, and procurement objectives, which might include hastening production, eliminating order errors, or cutting dead stock costs.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

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.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

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.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

The Procuretech Podcast

JUNE 28, 2022

In particular, Wolfgang says that he enjoys expanding the mandate for procurement for wider value generation, using technology. I ask Wolfgang about common mistakes in how organisations manage their procurement teams internally. Or is it more simple, that procurement just needs a bigger training budget? He says no.

Sourcing 52

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

Procurement Software

MARCH 11, 2022

Even if budgets have been set, there is very little control that a CFO or a procurement team can yield. 5 effective tail spend management strategies and how procurement technology can help. Of course, procurement software can help you to achieve all of these much faster. 2) Uncontrolled purchases.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

Even if budgets have been set, there is very little control that a CFO or a procurement team can yield. 5 effective tail spend management strategies and how procurement technology can help. Of course, procurement software can help you to achieve all of these much faster. 2) Uncontrolled purchases.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

The Procuretech Podcast

MAY 10, 2022

He proposes an example where a company is using Ariba: They get a first quote, put it into the system as a free text request, and then put this to the procurement team to action. In this example, the procurement team is effectively doing a job a robot could do. Sign up for the Procurement Software Newsletter.

Procurement team 52

Procurement team Supply Chain Efficiency Purchasing Purchase orders 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

SCMDOJO

APRIL 3, 2022

Procurement eAuctions may be used in a multitude of sectors and domains, including industrial machinery, supply chains and logistical operations, telecommunications, commodities, and business technical support programs. General Cost Reductions: Maybe it is just one of the advantages of eAuctions, but it is still significant!

Supply Chain Efficiency 139

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 139

Jaggaer

OCTOBER 8, 2019

For this to happen, procurement professionals must make a stronger case to the organization’s leadership to demonstrate the value it can deliver. With budgets not growing at an adequate pace, or even shrinking, procurement cannot deliver the value that digital transformation promises. 4) The “Day of Digitalization”.

Procurement 40

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

SCMDOJO

APRIL 26, 2023

Category Management as a Strategic Procurement Function Relationship Between Category Management and Strategic Supplier Relationship Management Importance and Benefits of Category Management Best Practices What are the Challenges of Category Management implementation? Category Management Software What is Category Management in Procurement?

Category management 77

Category management Management Supplier relationship management supply chain software solutions 77

Pipefy

JANUARY 30, 2024

Procurement technology landscape Procurement technology is primarily designed to simplify procurement processes and reduce costs, but it’s grown to offer so many more benefits than that, with the greatest one being transforming procurement into a source of reliable strategic influence.

Agile and Lean Supply Chain 52

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

Procurement Tactics

JUNE 22, 2023

A purchase order is simply a document that a buyer sends to a supplier to request goods or services, which outlines the order’s details, including the quantity, price, delivery, and payment terms. First, it ensures clear communication between the buyer and the supplier, eliminating potential misunderstandings or disputes.

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Purchase orders Purchasing Quantity Buyers 191

ivalua

MARCH 9, 2023

The contracts govern the relationship between the buyer and supplier, an essential process to inform Procure-to-Pay. By gaining visibility into spending patterns, demand, supplier performance, and supply markets–opportunities will be uncovered.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

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

Pipefy

MAY 9, 2023

Monitoring procurement KPIs is a vital part of keeping track of an organization’s overall health and the smaller endeavors that contribute to that. 22 KPIs every procurement team should track As procurement has evolved so has the work of procurement teams, and especially so in recent years.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

Procurement Software

FEBRUARY 20, 2024

European procurement software startups are growing fast, and we’re constantly seeing new ones landing onto the scene. Lots of European procurement tech startups are still in early or growth phase. Apadua Apadua is a professional services sourcing software, based in Cologne, Germany.

Supply Chain Efficiency 59

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

Procurement Software

FEBRUARY 6, 2024

Would you like to search the whole range of procurement tech companies out there, beyond just these 10 Nordic procurement startups? Then check our our free software directory. Key Data: Founder / CEO: Mark Zeise Date Founded: 2016 Visit Trackado profile in our Software Finder 2.

Procurement 52

Procurement supply chain software solutions Supply Chain Efficiency Negotiation 52

Positive Purchasing

NOVEMBER 1, 2023

Jonathan: Imagine I’m a forward-looking CPO on a journey down the road towards procurement digital transformation and I want something with real game-changing potential. I’m looking at an eSourcing platform augmented by a selection of cloud-based solutions. James: Most big businesses are in a similar position.

Procurement 111

Procurement supply chain budgeting Category management Budget 111

Procurement Software

JULY 4, 2023

It aims to make the procurement process more efficient, transparent, and cost-effective. It can help organisations reduce costs, optimise supplier relationships and increase compliance. Digital procurement can be implemented using different technologies, which we will explore in detail later in this article.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement supply chain budgeting 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. This enables teams to make decisions and remain in control.

Procurement 52

Procurement supply chain software solutions Supply Chain Efficiency Real-time Visibility 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. Catalog management in procurement is the strategic process of managing and maintaining a product catalog within an organization.

Management 52

Management Procurement Supplier relationship management Real-time Visibility 52

Procurement Software

MAY 23, 2023

Profit from the Source: BCG’s 10 Step Plan to deliver Procurement Excellence It starts off by introducing Tim Cook of Apple as being something of an anomaly. Very few CEOs come from Procurement or Supply Chain. Supply Chain should become one of the top agenda items on board level meetings.

Procurement 52

Procurement supply chain budgeting Agile and Lean Supply Chain Suppliers 52

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

Zycus Cognitive Procurement

JANUARY 31, 2023

Reduced costs: Effective supplier relationship management brings a range of benefits to businesses. Cost savings are at the forefront, as establishing and maintaining relationships with key suppliers can eliminate many of the setup costs associated with establishing new deals.

Supplier relationship management 40

Supplier relationship management Suppliers Management Supply Chain Efficiency 40

Procurement Software

MARCH 11, 2022

This can lead to supply chain disruption caused by storeroom stock-outs of critical spare parts. Incorrect incoterms are also one of the most common causes of supply chain disruption. The solution developed by Sparetech. Vendor intake and management solutions. Incorrect lead times.

Data 52

Data Raw materials Procurement Suppliers 52

Procurement Software

MARCH 11, 2022

This can lead to supply chain disruption caused by storeroom stock-outs of critical spare parts. Incorrect incoterms are also one of the most common causes of supply chain disruption. The solution developed by Sparetech. Vendor intake and management solutions. Incorrect lead times.

Data 52

Data Raw materials Procurement Suppliers 52

Zycus Cognitive Procurement

DECEMBER 10, 2021

A Source-to-Pay cycle is a holistic approach that covers end-to-end procurement lifecycle. And the S2P software enables multiple activities such as auctions, spend analysis, purchasing categories management, purchase requisitions, sourcing events, billing and vendor relations within the same solution. High User Adoption.

Sourcing 52

Sourcing e2e Contract supply chain budgeting 52

Planergy

AUGUST 8, 2023

They include: Open tendering Single-source procurement Two-stage tendering Restricted tendering Request for proposal (RFP) Request for quotation (RFQ) Your procurement team will determine which method to source goods and services based on what you need, when you need it, your budget, and other factors.

Sourcing 52

Sourcing Suppliers Procurement Bidding 52

Pipefy

DECEMBER 10, 2022

No matter the size of your company, how you structure your purchase process has a direct impact on your company’s ability to control costs, manage risks, and maintain process resilience as supply chains evolve. The team submits the request to an internal purchasing team. Example of centralized purchasing.

Purchasing 52

Purchasing Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 52