Procurement Software

MARCH 11, 2022

The needs of a Procurement Excellence Manager or a Consultant are going to be rather different to those of a Category Manager. Procurement Excellence or Consultants will typically look for a solution that can very quickly provide a holistic view of what is being spent with whom. Who is the key user? non-compliant).

supply chain software solutions 52

supply chain software solutions Real-time Visibility Data Category management 52

Una

JULY 6, 2022

A guide to exploring the benefits of working with a group purchasing organization to save money, time and effort. The real value, however, and where you’ll truly benefit from working with a group purchasing organization like Una, lies beyond the initial cost savings. Partner in Procurement. Savings and beyond.

Purchasing 92

Purchasing Category management Real-time Visibility Supply Chain Efficiency 92

Una

JULY 25, 2023

The first three KPIs we suggest every procurement team should monitor are: Defect rates Lead time Contract compliance Can you guess what the other four KPIs will be? As a procurement leader, it’s your responsibility to continue monitoring and upholding your suppliers’ performance. Read the article to find out.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Procurement Category management 52

Zycus Cognitive Procurement

JANUARY 16, 2023

You must have found yourself struggling with limited visibility into preferred or contracted suppliers, contract utilization status, budgeting issues, and multiple requirements for sourcing low dollar items or services. It is usually time consuming, require multiple approvals and follow ups. Lack of pricing compliance .

Sourcing 52

Sourcing Real-time Visibility Procurement Buyers 52

Procurement Leaders

JUNE 1, 2022

Five years ago, global logistics company UPS’s procurement function was far from playing a strategic role. Procurement was then able to embark on the main bulk of its transformation, including implementing new teams, transitioning other functions’ spend to procurement and implementing a category management structure.

Procurement 130

Procurement Strategic sourcing Strategic sourcing Leadership 130

Zycus Cognitive Procurement

DECEMBER 7, 2020

Savings target management is the need of the hour. The golden KPI for all procurement teams is savings. Some examples are – Category. Category manager. Selected parameters have to work in synergy (combination) to achieve real savings. Category Managers. South Asia. Overall savings.

Real-time Visibility 40

Real-time Visibility Management Procurement Category management 40

Una

APRIL 9, 2024

It might not seem like much but at the time, that meant more wiggle room in our household budget as a young family. Group purchasing works best when optimizing indirect procurement categories as these are often left unmanaged and not part of a company’s more strategic, direct spend amounts.

Purchasing 52

Purchasing supply chain budgeting Real-time Visibility Supply Chain Optimization 52

Planergy

JANUARY 18, 2024

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. 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

MARCH 11, 2022

Even if budgets have been set, there is very little control that a CFO or a procurement team can yield. Savings on indirect spend categories can’t usually be measured as Purchase Price Variance (PPV) against a standard or average price which can directly impact the bottom line. 2) Uncontrolled purchases. There are 2 issues here.

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. Savings on indirect spend categories can’t usually be measured as Purchase Price Variance (PPV) against a standard or average price which can directly impact the bottom line. 2) Uncontrolled purchases. There are 2 issues here.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Supply Chain Game Changer

MARCH 28, 2020

This is not to say that they believe Procurement doesn’t play a role, but rather that they don’t view Procurement as playing a critical role beyond cutting costs and finding suppliers. Procurement is strategic! Now is the time for Procurement to SELL! You need to SELL what Procurement is actually doing.

Procurement 71

Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 71

Una

SEPTEMBER 22, 2022

Train members of your procurement team to gain a base understanding of IT language, along with the function’s challenges, priorities, and ways of working. Have procurement be a part of IT's planning cycles with monthly or quarterly touch points and proactively show IT what the function is capable of. Speak the IT language.

Procurement 98

Procurement Real-time Visibility Contract Purchasing 98

Procurement Software

JULY 4, 2023

It also provides real-time data and analytics that can be used to improve purchasing decisions. Digital procurement can be implemented using different technologies, which we will explore in detail later in this article. It can also provide real-time data and analytics.

Supply Chain Efficiency 52

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

Supply Chain Game Changer

AUGUST 30, 2022

In my experience Total Cost of Ownership ( TCO or TCOO) models typically include some combination of the following elements: Unit price (Always the first item) Takedown rate performance Payment terms Freight and Logistics terms and transfer of ownership Lead times (order, delivery, replenishment) Other Parameters (eg.

Cost of ownership 103

Cost of ownership Supply Chain Optimization Procurement Price 103

Supply Chain Game Changer

FEBRUARY 5, 2020

I will focus on Procurement for this article as it is the topic that I am most familiar and it seems even more relevant today as I build ProcurePro Consulting ( www.procurepro.ca). There are many reasons why Procurement Transformations fail, however, the below 3 keep coming up time and time again. Now Systems.

Procurement 70

Procurement Agile and Lean Supply Chain supply chain budgeting Negotiation 70

Empowering CPO

JUNE 14, 2023

Definition and Purpose of Procurement Procurement is a multi-faceted function that goes beyond the simple acquisition of goods and services. Procurement is central to a business’s operations, with a purpose that encompasses cost-efficiency, quality control, risk management, and strategic sourcing.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Supply Chain Game Changer

JULY 3, 2019

But, as stakeholders in the future of tomorrow, we also have to be conscious about the necessary steps to realize sustainable impact, for real. So, what are the steps that need to be taken in businesses globally to make real sustainable impact? Businesses must serve as the champions of sustainability. Source: Purina.

Sustainability 58

Sustainability Sourcing Supply Chain Efficiency Real-time Visibility 58