Procurement Software

MARCH 11, 2022

Let’s face it, not many businesses of this size have a mature, strategic procurement function. There’s usually a small procurement team, consisting of a Head of Procurement who probably has some experience of working in a large enterprise. Most companies this size will for sure have some degree of procurement team.

supply chain software solutions 52

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

Procurement Tactics

JULY 2, 2023

There are various tools and software that provide a template to create a job order document. Enhanced Collaboration Collaboration among the procurement team, stakeholders, and suppliers is enhanced by job orders. Softwares Available for Creating and Managing Job Orders 1. How to Utilize Job Orders?

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

Arkestro

MAY 9, 2022

That is Predictive Procurement Orchestration (PPO ). . 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?” He writes: “The conflict in Ukraine is only the latest jolt to global supply chains.

Procurement 52

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

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 84

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

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%

Supply Chain Efficiency 130

Supply Chain Efficiency supply chain software solutions Spend management Suppliers 130

Pipefy

JANUARY 9, 2023

Supply chain risks heightened by geopolitical conflict. These are just some of the many challenges procurement teams have had to face since the pandemic and throughout 2022. 5 procurement trends for 2023. This presents a very real economic cost for companies already faced with a lack of procurement resources.

Agile and Lean Supply Chain 59

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

Arkestro

SEPTEMBER 5, 2023

Resources / Blog / The Road Ahead: Navigating Procurement Challenges with an Automotive Industry Expert The Road Ahead: Navigating Procurement Challenges with an Automotive Industry Expert For automotive procurement teams, navigating the complex landscape of procuring components for vehicles is no easy feat.

Procurement 52

Procurement supply chain software solutions supply chain budgeting Buyers 52

Procurement Software

MARCH 19, 2024

It will take time before we have dedicated generative AI-driven procurement software. Generative AI’s current impact in procurement is best illustrated by tech-savvy procurement category managers leveraging apps like ChatGPT and Bard to streamline the execution of routine tasks.

Procurement 52

Procurement Category management supply chain software solutions Data 52

Pipefy

JANUARY 11, 2023

In order to prepare for the next great disruption, a total overhaul of processes through procurement transformation is required to unlock a business that will not only survive but thrive as well. What is procurement transformation? What is a procurement transformation roadmap? What is a procurement transformation strategy?

Strategy 52

Strategy Procurement supply chain software solutions Agile and Lean Supply Chain 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 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Procurement Tactics

AUGUST 24, 2022

A supply network is a cluster of suppliers or vendors that helps an organization in adding value for customers by producing or delivering a product. . It is a virtual platform where suppliers and buyers located anywhere in the world can collaborate together. Benefits of Supplier Network for Suppliers and Buyers. Do I need one?

Networking 130

Networking Suppliers Buyers supply chain budgeting 130

ivalua

MARCH 4, 2016

Listening to all of the talks by industry leaders led me to a glaring conclusion—the critical role that technology plays in supply chain and sourcing is the giant elephant in the room that no one was talking about, but everyone could see. If they do have a solution, they are using systems built for indirect spend. Time is Money.

supply chain software solutions 100

supply chain software solutions Supply Chain Efficiency Supply chain Bill of materials 100

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%

Supply Chain Efficiency 100

Supply Chain Efficiency supply chain software solutions Spend management Suppliers 100

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

Pipefy

DECEMBER 20, 2023

Strategic procurement, or procurement strategic planning, is a data-driven process that helps businesses align procurement and business goals. The result is greater supply chain predictability, more accurate decision-making, and better business agility. What is strategic procurement?

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Strategic planning 52

Procurement Software

APRIL 18, 2023

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. This saves buyers not only money, but hours of conversation time. This delivers the buyer lower unit prices.

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 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

One quarter of buyers are spending the equivalent of one day every week researching IT purchases. We asked Ian Nethercot, head of supply chain: What are the buyers’ asks, what are their challenges and how can they be addressed? A close second to price instability comes stock availability as a big challenge for buyers.

Procurement 78

Procurement Price Buyers supply chain budgeting 78

Zycus Cognitive Procurement

SEPTEMBER 13, 2022

With increasing pressure for organizations to contribute toward Environmental, Social, and Governance (ESG) mandates, the responsibility is on the procurement team’s shoulders to strategize and make collective efforts. Changing Roles of Buyers. This was the first significant change in the buyers’ role.

Procurement 52

Procurement Buyers Leadership Agile and Lean Supply Chain 52

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

Spend Matters

NOVEMBER 2, 2023

We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. During my time,” he explains, “I recognized the impact quality insights can have for the category owners and procurement as a whole. Simply put, taxonomy creation is not desired by anyone.

supply chain software solutions 89

supply chain software solutions Category management Data Procurement 89

Supply Chain Game Changer

NOVEMBER 15, 2018

As supply chain networks become more complex, and risks grow larger, the visibility of supply chain activities becomes all the more distant. Globalization has posed procurement teams with a double-edge sword. enhanced by the globalized infrastructure of supply chains?—?closely around the globe?

Supply Chain Efficiency 53

Supply Chain Efficiency supply chain software solutions Procurement Procurement team 53

Supply Chain Game Changer

JUNE 23, 2021

Subscribe to Supply Chain Game Changer. Featuring Our 12 Best Procurement Articles! These procurement teams must resort to operate in an antiquated environments, i.e. interacting with each supplier one at a time then follow by long hours of sorting through the information. Subscribe Here! Email Address.

Competitive bidding 72

Competitive bidding Bidding supply chain software solutions Supply Chain Optimization 72

Procurement Software

MARCH 12, 2024

It will also be able to assist in monitoring supply chain disruptions by being able to quickly summarise foreign language news sources and weather reports. Younger team members, who are using tools like ChatGPT at home, will expect this level of efficiency in the workplace. Will AI in Procurement kill off some roles?

Procurement 52

Procurement Category management supply chain software solutions Data 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

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. Risk is zero.

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. Risk is zero.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

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

World of Procurement blog

APRIL 12, 2021

Too often, Contracts are the last thing on a Procurement Pros mind but it deserves equal attention to preparing the RFP. Your Supply Chain needs to understand the Contract Terms you expect them to sign up to and they need to be able to factor in risk elements and ensure they can comply with them as part of the response.

Contract 52

Contract Procurement supply chain software solutions Buyers 52

SCMDOJO

OCTOBER 27, 2023

Payment Terms Negotiation: Determining the payment schedule, methods, and other financial terms that best suit both the buyer and the supplier. Quality and Specification Negotiation: Ensuring that the procured products or services meet the required quality and specification standards.

Supplier negotiation 88

Supplier negotiation Negotiation Suppliers Supply Chain Efficiency 88

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. Wolfgang thinks it’ll need a structural mandate to empower procurement. He says no.

Sourcing 52

Sourcing supply chain budgeting supply chain software solutions Supply Chain Efficiency 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

ivalua

MAY 21, 2020

Business today isn’t business as usual, as the COVID-19 pandemic impacts organizations and supply chains across the globe. New leadership skills and traits will be necessary to ensure business continuity, and to inspire teams to work together to support each other and remain productive.

Leadership 130

Leadership Eprocurement supply chain software solutions Supply Chain Efficiency 130

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

Empowering CPO

DECEMBER 3, 2020

There should be a mandate for the procurement team to give importance to new suppliers. It is fitting to resolve their queries and concerns, to train them on the company’s sourcing software, promote site visits for them. This will ascertain a stronger buyer-supplier bond with them. Contact us today.

Chief Procurement Officer 52

Chief Procurement Officer Bidding Strategic sourcing Strategic sourcing 52

World of Procurement blog

APRIL 8, 2021

When you go out to the market with your procurement activities you need to have the end in mind to some extent. You might be thinking, we go out to the market to use the expertise of our supply chain to come up with a solution. Completion of the final component to Buyer on (as per above regarding the date).

Price 52

Price Contract Buyers Suppliers 52