Spend Matters

FEBRUARY 26, 2024

This is the first in a three-part series that covers Fairmarkit’s sourcing offerings. Part of the ‘tail spend challenge’ relates how much effort it can take to understand it, acquire sufficient visibility and ‘data quality’ and address it with SxM and sourcing solutions. This content is for members only.

Market analysis 93

Market analysis Sourcing Spend management Purchasing 93

Spend Matters

NOVEMBER 29, 2023

The platform has built-in functionalities for supplier management, direct material sourcing and procurement, supplier onboarding, supplier quality and supplier performance management. Supplios is a supplier collaboration platform built specifically to help manufacturers work with their direct-material suppliers.

Suppliers 85

Suppliers Sourcing Management Collaboration 85

World of Procurement blog

MAY 8, 2024

It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. What is Procurement?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Spend Matters

OCTOBER 26, 2022

Categories: Procurement Research , Sourcing , Supplier Management Tags: PRO This Spend Matters PRO Vendor Analysis gives an overview of MESH, a solution built for small to mid-sized US-based manufacturers that need to streamline their sourcing and quality engineering workflows. .

Sourcing 71

Sourcing Quality management Quality Buyers 71

Procurement Leaders

MARCH 26, 2024

Early supplier involvement is a term that has evolved since the 1990s, when the world discovered that Japanese automotive OEMs such as Toyota and Honda outperformed their competitors in terms of design quality and time-to-market.

Suppliers 130

Suppliers Product development Supply Chain Efficiency supply chain budgeting 130

Spend Matters

JUNE 19, 2023

In this article, our analysts Xavier Olivera, Bertrand Maltaverne and Nikhil Gaur look at source-to-contract (S2C) solutions. What does a Source-to-Contract solution do? Top 4 Source-to-Contract tech modules What’s the state of different procurement technologies in the market today and do they meet user demands?

Contract 69

Contract Sourcing Suppliers Quality 69

Spend Matters

JUNE 19, 2023

In this article, our analysts Xavier Olivera, Bertrand Maltaverne and Nikhil Gaur look at source-to-pay (S2P) solutions. What does a Source-to-Pay solution do? Click to enlarge Contract lifecycle management (CLM) acts as the intermediary between upstream source-to-contract and downstream P2P processes.

Sourcing 68

Sourcing Contract Suppliers Quality 68

Spend Matters

JULY 27, 2022

Categories: Sourcing , Supplier Information Management , supplier networks , Supplier Performance , Supplier Risk and Compliance Management , Suppliers Tags: PRO Direct materials management is a hot market for procurement solutions with few specialists on the market. and changed its name from Allocation Network to QAD Allocation.

Market analysis 82

Market analysis Sourcing Supplier relationship management Material management 82

Supply Chain Game Changer

DECEMBER 10, 2020

Product Sourcing Agent article and permission to publish here provided by Joyce Chen at Epic Sourcing. A good supplier translates to high-quality products, satisfied buyers, good feedback, and repeat sales. Sourcing agents are an effective way of finding the most suitable supplier. Who is a Product Sourcing Agent?

Sourcing 53

Sourcing Supply Chain Efficiency Quality Buyers 53

Spend Matters

JULY 27, 2022

From the ability to have a material/BoM repository, to qualify and classify suppliers at a granular level, to run sourcing events with deep details on costs/cost drivers, to collaborate with suppliers on quality aspects, up to fostering cross-functional processes, the solution “speaks” to direct-material buyers.

Sourcing 71

Sourcing Material management Suppliers Buyers 71

The Good Spending

SEPTEMBER 2, 2023

end-user equipment) where the goods are sourced in batches, and only the price and delivery terms matter. For example, when repeatedly sourcing a product already well-known for its quality and price, the main emphasis is on negotiations, creating competition, and ensuring rhythmic supply.

Sourcing 59

Sourcing Procurement Demand Planning Category management 59

TYA Suite

MAY 14, 2023

A streamlined procurement procedure makes it feasible to buy high-quality products at affordable prices. The procurement source-to-pay process includes steps including vendor evaluation, contracting, supplier identification, and payment for products provided. When is a source-to-pay system used by a company?

Sourcing 52

Sourcing Raw materials Purchase orders Quantity 52

Una

NOVEMBER 19, 2023

The Definition of a Sourcing Hero | Part Two Past guests from The Sourcing Hero podcast provide the definition of a sourcing hero and give examples of heroism in a business context. The definition of a sourcing hero At the close of every episode, Kelly traditionally asks each guest a question. We are all human.

Sourcing 52

Sourcing Agile and Lean Supply Chain supply chain software solutions Procurement 52

The Thomas Blog

AUGUST 2, 2022

In a recent Industrial Buyer's Search Habits Survey , one purchasing supervisor that "having more online information like specifications, pricing, lead time, and stock levels online are important when I'm vetting new suppliers and will make my job easier.". Make Buyers Contact You. appropriate certification.

Buyers 144

Buyers Quality Ethics Export 144

ivalua

JULY 13, 2022

Buyers are expected to scrutinize every aspect of the purchasing process to identify ways to reduce their carbon footprint, source sustainable materials, and promote diversity. As the sourcing function evolves, digital procurement technologies have become crucial tools for buyers to capture and report their sustainability achievements.

Sustainability 130

Sustainability Buyers Suppliers Procurement 130

Procurement Software

MARCH 7, 2023

Procure-to-Pay (P2P) and Source-to-Pay (S2P) are not just fancy acronyms used by consultants, procurement and finance professionals. Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. What steps are involved in Source-to-Pay?

Sourcing 64

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 64

Procurement Leaders

DECEMBER 9, 2022

LG: We are a team of 75 buyers globally, with 30 people in a central service centre. For example, before becoming a machinery buyer, a candidate must spend a significant period of time in the technical team. PL: Could you share a little bit of insight about your procurement team structure, strengths and challenges?

Risk 130

Risk Suppliers Risk management Buyers 130

Planergy

AUGUST 8, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. 6 Types Of Procurement Methods There are six commonly used procurement methods used when sourcing and evaluating suppliers for procurement. How to gain visibility and control of your indirect spend.

Sourcing 52

Sourcing Suppliers Procurement Bidding 52

The Good Spending

OCTOBER 16, 2023

This post will review a research study addressing the procurement challenges of the information asymmetry between buyers and suppliers in digital transformation. Information asymmetry The traditional buyer-supplier relationship is often complicated by an unequal distribution of information, hindering well-informed decision-making.

Negotiation 59

Negotiation Buyers Price Quality 59

Arkestro

APRIL 2, 2024

The fluctuating economic landscape has forced many procurement departments to reassess and diversify their sourcing strategies to maintain supply chain resilience. While the hurdles appear formidable, this report outlines what well-prepared procurement teams stand to benefit in this environment. After years of focusing on cost.

Chief Procurement Officer 52

Chief Procurement Officer Procurement Procurement team Buyers 52

Spend Matters

FEBRUARY 19, 2024

It is a supplier management solution that simplifies and enhances sourcing and supplier relationship management (SRM) for global procurement and sourcing teams.

Risk 98

Risk Suppliers Supplier relationship management Sustainability 98

ivalua

SEPTEMBER 28, 2020

It breaks the bond between Buyer and Supplier, resulting in fragile supply chains and lots of mistrust. No PO, no Pay was born to force suppliers to add PO’s to Invoices by forcing Buyers to create PO’s. So the network providers just haven’t delivered, and only further fractured the link between buyer and supplier. .

supply chain budgeting 237

supply chain budgeting Purchase orders Networking Buyers 237

Procurement Insights

SEPTEMBER 15, 2023

“AI assesses supplier performance data, quality records, and market intelligence to revamp supplier selection and management. The concept was simple, although advanced for the time, whereby a buyer would plug in the required MRO part number and the corresponding zip code with delivery requirement into the system.

Buyers 75

Buyers supply chain software solutions Bidding Quality 75

Procurement Software

DECEMBER 5, 2022

Procure-to-Pay (P2P) and Source-to-Pay (S2P) are not just fancy acronyms used by consultants, procurement and finance professionals. Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. What steps are involved in Source-to-Pay?

Sourcing 52

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 52

Procurement Tactics

JUNE 30, 2023

Furthermore, pandemic home buyers are expected to stay in their homes rather than move and buy expensive houses to keep their low mortgage rates. Lumber Suppliers: 4 Key Considerations for Quality and Reliability When it comes to sourcing lumber for construction, woodworking, or DIY projects, selecting the right supplier is crucial.

Price 177

Price Suppliers Negotiation Quality 177

Una

DECEMBER 20, 2022

Sourcing and managing suppliers. Your procurement team’s sourcing strategy might favor a strategic, project-based, long-term contract, or one-off spot-purchase approach. A strategic sourcing strategy is key to ensuring vendors with the potential to deliver the most value. Proper purchase authorization. for corporate travel).

Management 98

Management Buyers Procurement team Contract 98

Supply Chain Game Changer

NOVEMBER 23, 2018

If we can draw a comparison between Thanksgiving dinners and procurement, they are essentially an every day example of why supplier quality management is important. A quality fit can help a procurement team create top-line growth and customer satisfaction. The input of a supplier’s quality is indicative of a customer’s satisfaction.

Quality management 42

Quality management Quality Suppliers Management 42

Una

AUGUST 24, 2022

Not only are manufacturing companies looking to improve the experience they offer distributed buyers of MRO supplies, procurement is more aware of the experience expectations as well. In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Mike Franz, Founder and CEO of ManufacturingPower.com. Highlights.

Spend management 98

Spend management Management Buyers Purchasing 98

Procurement Insights

SEPTEMBER 30, 2023

(In the test case, a major public sector organization realized a 23% cost of goods savings annually over a period of several years while simultaneously reducing the number of buyers required to manage the contract to 3 from an original 23. Delivery performance and product quality also improved dramatically.)

Buyers 72

Buyers Procurement team Quality Contract 72

World of Procurement blog

APRIL 23, 2024

Introduction to the Procurement Lifecycle The procurement lifecycle encompasses all activities related to acquiring goods and services from external sources. Mastering it can lead to significant cost savings, improved efficiency, and enhanced quality of products or services purchased.

Purchase orders 52

Purchase orders Procurement Quantity Budget 52

World of Procurement blog

APRIL 23, 2024

Introduction to the Procurement Lifecycle The procurement lifecycle encompasses all activities related to acquiring goods and services from external sources. Mastering it can lead to significant cost savings, improved efficiency, and enhanced quality of products or services purchased.

Purchase orders 52

Purchase orders Procurement Quantity Budget 52

Spend Matters

JULY 10, 2023

This Spend Matters Vendor Analysis provides an overview of Proactis and its solution for source-to-pay (S2P). The complexity of S2P with its use of multiple systems to address each aspect it covers, manual processes, data quality issues and process variations can make managing the end-to-end process difficult.

Market analysis 80

Market analysis e2e Contract management Spend management 80

The Thomas Blog

MAY 31, 2024

On the other hand, lead nurturing involves developing buyer relationships at every stage of the sales funnel and the buyer's journey. This strategy respects customers' autonomy and meets their informational demands, which in the end produces better quality leads and conversion rates. What Are Lead Generation Strategies?

Buyers 52

Buyers Strategy Real-time Visibility Quality 52

Procurement Templates

JANUARY 17, 2024

Superior’s president argued that such a person was likely to have attitudes and values that would fit well with the company’s reputation for especially high quality and service. They will also maintain the high quality of Superior’s service. They want very much to believe that they’re building lasting ties with buyers—but they’re not.

Demand 130

Demand Management Buyers Purchasing 130

ivalua

MAY 19, 2022

Having the complete source-to-pay journey within the Ivalua Platform will help our customers build stronger, reliable supplier relationships”, said David Khuat-Duy, Founder and CEO of Ivalua. The high-level benefit of embedding the TransferMate payment solution within the Ivalua Source to Pay journey is that supply chains can become stronger.

Supply Chain Efficiency 130

Supply Chain Efficiency Real-time Visibility e2e Buyers 130

Una

OCTOBER 25, 2022

When it comes to improving procurement efficiency, though, a sourcing hero’s work is never truly done. Instead of sitting back, the profession must make a long-term and ongoing commitment to sharpening its sourcing processes. Internal buyers consider existing processes to be too tedious and/or confusing.

Supply Chain Efficiency 105

Supply Chain Efficiency Procurement Purchase orders Real-time Visibility 105

Empowering CPO

DECEMBER 14, 2020

To answer this question, it is much simpler first to list down the reasons as to when a specific category should be taken up for Strategic Sourcing. This helps a procurement organization to list down its plan for the New Year and identify categories that should be taken up for sourcing. Once every year is the right frequency.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 52