Zycus Cognitive Procurement

DECEMBER 15, 2022

As we are coming to the end of the year, procurement and supply chain leaders across industries initiate their annual strategic planning process for the next year. We have shortlisted 7 C ritical T rends that will help supply chain leaders and practitioners to build a strategic blueprint for 2023 and beyond.

Supply chain management 52

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 52

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. Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Purchasing measures transactional volume and costs.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

ivalua

MAY 18, 2022

When it comes to the nature of buyer-supplier relationships, we’re entering a brave, new world. Even reducing costs often depends more on effective collaboration rather than negotiation in today’s market. To top it all off, extremely tight supply markets have further shifted negotiating leverage from buyers to suppliers.

Suppliers 130

Suppliers Management Supply Chain Efficiency Collaboration 130

Procurement Software

MARCH 11, 2022

Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. And yet, poor operational efficiency in Procurement means that the typical Category Manager often spends at least a THIRD of their time performing “busy work” This is not an effective or efficient use of their time.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

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 Software

MARCH 5, 2024

FRDM FRDM is a software company specialising in supply chain risk management. Their software is designed for multinational corporations managing complex supply chains. Key features include supply chain mapping, risk dashboards, mitigation workflows, and regulatory reporting.

Real-time Visibility 52

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

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation. Automation increases efficiency and reduces errors, leading to faster and more accurate procurement cycles.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Procurement Software

FEBRUARY 20, 2024

It also has an analytics system claiming to focus on risk management rather than retrospective troubleshooting. Spendkey is one of few spend analytics platforms which also offer transparent pricing on their website. You can configure costs based on your spend and number of data points to be analysed.

Supply Chain Efficiency 59

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

Jaggaer

APRIL 14, 2020

This is perhaps an extreme example, but it highlights how COVID-19 is causing severe disruptions to supply chains. The broader issue is that border controls and travel bans limit the ability of supply managers to identify and qualify new suppliers. Coronavirus will lead to permanent changes in global supply chains.”.

supply chain budgeting 52

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

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. These in turn can be used to inform better purchasing decisions and improve operational efficiencies.

Supply Chain Efficiency 52

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

Empowering CPO

MAY 31, 2023

This not only leads to improved efficiencies and cost savings but also sparks innovation and creates opportunities for growth. In essence, SRM is a comprehensive approach to managing an enterprise’s interactions with the organizations that supply the goods and services it uses.

Supplier relationship management 52

Supplier relationship management Collaboration Suppliers Supply Chain Efficiency 52

Skill Dynamics

OCTOBER 19, 2023

Numerous platforms and needs, on top of a multi-tiered supply chain, have made origin tracing even more challenging. Nonetheless, there is a whole lot more to opimizing procurement processes than just cutting costs and then increasing efficiencies. As a result, training on how to navigate these complexities is a must.

Supply Chain Optimization 52

Supply Chain Optimization Strategy Procurement Vendor management 52

Procurement Software

MARCH 11, 2022

Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. And yet, poor operational efficiency in Procurement means that the typical Category Manager often spends at least a THIRD of their time performing “busy work” This is not an effective or efficient use of their time.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

SCMDOJO

APRIL 26, 2023

It involves segmenting spending into areas that contain similar or related products, allowing for a focused approach on categories that offer opportunities for consolidation and efficiencies. Use appropriate technology to manage the categories. The use of a digitized system is very critical to managing a category management strategy.

Category management 77

Category management Management Supplier relationship management supply chain software solutions 77

Una

JUNE 8, 2023

We need to focus on those that are critical for maintaining a reliable supply chain, optimizing costs, driving innovation, improving efficiency , and supporting strategic objectives. The focus for these items is usually on building strong relationships with suppliers and ensuring a stable supply chain.

Suppliers 52

Suppliers Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 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

Supply Chain Game Changer

NOVEMBER 23, 2018

Growing global complexity in supply chain management has forced organizations to look towards technology as their silver bullet; serving as the missing link between people (supply chain actors) and the ability to collaborate at scale. Check out What Exactly is Blockchain? And How Does it Work? Infographic).

Supply Chain Efficiency 50

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 50

Una

FEBRUARY 22, 2023

Procurement leaders feeling the constant pressure to deliver cost savings may be inclined to reach for the "low-hanging fruit" first. Fastest ways to reduce costs Some procurement professionals have it made. Any business can join a group of other buyers who are interested in the same products and services.

Strategy 52

Strategy Purchasing Supply Chain Efficiency Supplier consolidation 52

Supply Chain Game Changer

NOVEMBER 22, 2018

Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? As we have all seen in the last few years, school districts across the United States are not making budget and there have been a lot of cuts. Blog post originally published at [link] Permission to publish provided by Theodore T. Another $1.5

supply chain budgeting 63

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

Empowering CPO

JUNE 14, 2023

Whether you’re a procurement professional looking to stay ahead of the curve, a business leader seeking to drive efficiency, or simply someone interested in business innovation, this post is for you. These technologies enable better supplier evaluation, improved contract management, predictive analytics, and enhanced transparency.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Procurement Software

JUNE 13, 2023

It serves the needs of purchasing managers, procurement professionals and senior buyers. It enables users to allocate, manage and monitor budgets. Krinati Krinati offers an eSourcing software solution that leverages knowledge management and team collaboration.

supply chain software solutions 52

supply chain software solutions Contract management Contract Sourcing 52

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

The Procuretech Podcast

JUNE 28, 2022

I ask Wolfgang about common mistakes in how organisations manage their procurement teams internally. He says that, interestingly enough, many of the biggest companies make the biggest mistakes - 50, 60, perhaps even 70 percent of a company’s overall budget is managed through suppliers by procurement. You need to cast a wide net.

Sourcing 52

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

Pipefy

MAY 23, 2023

Supplier relationship management Tension is never pleasant, but only those procurement professionals who pinpoint lacking supplier relationships can evaluate and rectify the situation. Risk reduction. Life cycle management. It also provides visibility into your entire invoice workflow, from issuance to payment.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

Supply Chain Game Changer

JANUARY 9, 2019

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. If a department wants to order equipment that’s beyond budget what would you do? There are many options available for handling a request to make a purchase that exceeds an internal customer’s budget.

Procurement 68

Procurement Purchasing Negotiation supply chain software solutions 68

Procurement Software

AUGUST 22, 2023

As Procurement moves away from being an administrative function that reactively delivers cost savings, the personnel leading it needs a makeover too. We’re gradually evolving into being the fulcrum of an organisation’s supply chain who strategically manages and controls supplier relationships. It’s not always our fault.

Procurement 52

Procurement Agile and Lean Supply Chain Procurement team Category management 52

World of Procurement blog

JUNE 17, 2021

What is Contract Management? Contract Management is the process of managing all of your contracts. For this article, we’re going to focus on Contract Management related to your Supply Chain Contracts, or Procurement Contracts. This is the management of the entire contracting process though.

Contract management 52

Contract management Contract Management Contract administration 52