World of Procurement blog

MAY 8, 2024

Procurement differs from purchasing in a few key ways: Strategic focus : Procurement has a strategic, long-term focus on analyzing spend, reducing costs, managing supplier relationships, and mitigating risk. In summary, procurement is a strategic function focused on maximizing value, reducing costs, and building competitive advantage.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Let's Talk Supply Chain

MAY 14, 2023

Today I’m joined by Flexport , an exciting and innovative software brand that is on a mission to make global trade easy for everyone. Flexport is building the platform for global logistics, empowering buyers, sellers and their logistics partners with the technology and services to grow and innovate. 41.15] The future for Flexport.

e2e 59

e2e supply chain budgeting Supply Chain Optimization supply chain software solutions 59

IBM Supply Chain Blog

APRIL 25, 2024

BPR examples: Use cases Streamlining supply chain management Using BPR for supply chain optimization involves a meticulous reassessment and redesign of every step, including logistics, inventory management and procurement.

Supply Chain Efficiency 61

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting supply chain software solutions 61

World of Procurement blog

MAY 23, 2024

Supplier consolidation refers to the strategy of reducing the total number of suppliers that a company deals with and instead focusing procurement spending on a select few preferred suppliers. To mitigate supply chain risks and improve business continuity by reducing dependence on many small suppliers.

Supplier consolidation 52

Supplier consolidation Suppliers Supply Chain Efficiency supply chain budgeting 52

Procurement Tactics

AUGUST 24, 2022

It is a virtual platform where suppliers and buyers located anywhere in the world can collaborate together. Thus, it reduces costs and increases the profits of organizations. . Benefits of Supplier Network for Suppliers and Buyers. It reduces processing time and streamlines the flow of information between parties.

Networking 130

Networking Suppliers Buyers supply chain budgeting 130

Procurement Software

MAY 21, 2024

We are now at a place where you could replace all of your tactical negotiations and tactical spend in procurement with a piece of software. None of them are budget tools, but they exist. It’s not unreasonable to be able to negotiate much, or all, of your tail spend with a piece of software.

Supplier negotiation 52

Supplier negotiation Negotiation Suppliers Procurement 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. Is it part of the solution? Supplier innovation.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Arkestro

SEPTEMBER 5, 2023

In this blog, Arkestro sat down with Jeoff Burris, the Founder and Principal of Advanced Purchasing Dynamics and Procure-Force solution team member, to get his thoughts on hot button topics such as: supply chain disruptions, quote fatigue, managing costs, and more – that are top of mind for automotive procurement teams.

Procurement 52

Procurement supply chain software solutions supply chain budgeting Buyers 52

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. When you think about P2P there are many organizations that still don’t have automated models.”

Procurement 80

Procurement Data supply chain software solutions Contract 80

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 77

Procurement Price Buyers supply chain budgeting 77

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. Is it part of the solution? Supplier innovation.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

Procurement Software

NOVEMBER 21, 2022

The experience of COVID-19 also showed that poorly managed vendor master data contributed to some of the delivery delays and supply chain disruption. These are usually not the household names with massive marketing budgets to sponsor glitzy conferences. Apple has him to thank for how sleek and optimised its supply chain is.

supply chain budgeting 52

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

IBM Supply Chain Blog

MAY 17, 2024

Over 90% of business buyers say a company’s customer experience is as important as what it sells. To avoid this, it’s crucial for businesses to carefully plan and design intelligent automation initiatives that prioritize the needs and preferences of their customers, whether they are consumers or B2B buyers.

Supply Chain Efficiency 70

Supply Chain Efficiency Real-time Visibility Supply Chain Optimization e2e 70

Planergy

JANUARY 19, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Practical Applications of Pareto Analysis Tips for Conducting a Successful Analysis How Pareto Analysis Helps Your Procurement Strategy? How to gain visibility and control of your indirect spend.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

Pipefy

MAY 23, 2023

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. Here’s what that involves: Find the right procurement tool for your organization.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

Let's Talk Supply Chain

AUGUST 28, 2022

And we serve everything up on our project and procurement software… for an easier way to book freight.”. As businesses look to scale and grow, we offer a three-pronged approach of technology and automation… training, strategy and coaching, and a co-managed talent offering.”. Check out our other podcasts HERE.

Real-time Visibility 98

Real-time Visibility Price Collaboration Supply Chain Efficiency 98

The Procuretech Podcast

JUNE 28, 2022

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. Or is it more simple, that procurement just needs a bigger training budget? The standard software can’t do it. He says no.

Sourcing 52

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

Supply Chain Game Changer

NOVEMBER 22, 2018

Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? The company is exploring whether or not to outsource IT, Accounting/Finance, Payroll, Human Resources, Software and Hardware Development, because they have been in the red at more than $100 million. Landgraf, CEO at Above the Standard ( [link] ).

supply chain budgeting 63

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

Planergy

OCTOBER 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Sourcing Supply Chain Management. RFX – request for X – can refer to any request a buyer issues a vendor – thereby applying to any of these documents. Download Free Copy. Written by.

Buyers 52

Buyers Supply Chain Efficiency Suppliers Price 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. Eliminate maverick spend.

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. Eliminate maverick spend.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

SCMDOJO

MARCH 19, 2024

Discover Ways to Boost Supply Chain Visibility through Digital Marketing Supply chain visibility is essential for providing a superior customer experience and sustaining customer loyalty over time. Customers face significant frustrations that erode brand trust and sales without supply chain visibility.

Supply Chain Visibility 77

Supply Chain Visibility Real-time Visibility e2e supply chain software solutions 77

ivalua

FEBRUARY 25, 2021

ERP vs. Best-in-Class for Healthcare Supply Chain Management? Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Procurement Insights

JUNE 24, 2022

In discussing eSourcing, the guest author of the October 2008 post suggests, “It is perfectly possible to prepare a company’s annual accounts on spreadsheets, but it is much less time consuming and error-prone to do the same job with an accounting software package.” Interesting timing? Jemin Patel Director at ProcurePort.

Procurement 52

Procurement supply chain budgeting Buyers supply chain software solutions 52

TYA Suite

MAY 14, 2023

On top of that, it also helps you understand the demand to prepare a strategy to process more orders quickly. This further allows you to improve your business and reduces wastage in different costs including: Supply chain management involves tons of challenges.

Inventory 52

Inventory Real-time Visibility Management Supply Chain Efficiency 52

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. Category Management Software What is Category Management in Procurement? Don’t underestimate the length of time required for implementing a sourcing strategy!

Category management 77

Category management Management Supplier relationship management supply chain software solutions 77

Jaggaer

OCTOBER 8, 2019

With budgets not growing at an adequate pace, or even shrinking, procurement cannot deliver the value that digital transformation promises. This does not necessarily mean “hands-on” knowledge of software development, as the software applications are now available in secure multi-tenant cloud-based solutions.

Procurement 40

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

Procurement Tactics

JUNE 22, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. 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.  Menu Course Library 1.

Purchase orders 191

Purchase orders Purchasing Quantity Buyers 191

The Procuretech Podcast

MAY 10, 2022

Lhotse has a tactical and tail spend solution, which they see as something complementary to a legacy suite based approach. then this solution could be for you. Lhotse pivots to enterprise with a new solution. Which is of course good to know because, especially now in such an inflationary market, budgets are tight.

Procurement team 52

Procurement team Supply Chain Efficiency Purchasing Purchase orders 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. These reductions are substantiated by eAuctions software providers Cimmra.

Supply Chain Efficiency 139

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 139

ivalua

MARCH 9, 2023

The contracts govern the relationship between the buyer and supplier, an essential process to inform Procure-to-Pay. The Benefits of Source-to-Pay The market for S2P has evolved significantly in recent years, becoming an essential component of procurement strategy for most companies.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

Procurement Software

FEBRUARY 20, 2024

European procurement software startups are growing fast, and we’re constantly seeing new ones landing onto the scene. If you want to search the whole range of procurement tech companies out there beyond just startups, then check our our free software directory. Procuretech in Europe is buzzing right now.

Supply Chain Efficiency 59

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

Supply Chain Game Changer

NOVEMBER 17, 2018

With a few tips and best practices you can create professional looking photos on a low budget. This page requires more information than if it were already in Amazon’s catalog to ensure a complete listing for buyers. Encourage your buyers to leave feedback and address any negative feedback immediately.

Export 43

Export Price Real-time Visibility Supply Chain Optimization 43

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. Purchase orders. Invoice approvals.

Agile and Lean Supply Chain 52

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

Procurement Templates

JANUARY 17, 2024

How is this considered throughout the supply chain and reported at a senior level. Organisation undertakes a full assessment of the waste within the supply chain in relation to risk-based existing contracts. undertakes a full assessment of the waste within the supply chain in relation to risk-based existing contracts.

Demand 130

Demand Management Buyers Purchasing 130

Pipefy

MAY 9, 2023

Definition of procurement KPIs Key performance indicators (KPIs) are measurements of the efficacy of a business department, process, or strategy. They are essential to measure the costs and reliability of a business strategy, as well as the performance and results. After all, your shortages are their problem, as well.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

Positive Purchasing

NOVEMBER 1, 2023

Not to be outdone, here at Positive Purchasing, we have released Capella, a new world-leading digital tool to guide users to the optimum category strategy – so I thought it would be a great time to get the perspective of an acknowledged expert in the field. James: Most big businesses are in a similar position.

Procurement 111

Procurement supply chain budgeting Category management Budget 111