Future Purchasing

JANUARY 11, 2022

2021 saw a massive amount of challenge for procurement teams; supply chain management challenges, political changes, trade barriers, COVID related staff shortages in all areas, blocked ports and working from home have thrown it all up into the air. At its heart lie a few easy to apply concepts.

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Supply chain management Supply chain management Agile and Lean Supply Chain supply chain software solutions 52

Supply Chain Game Changer

OCTOBER 28, 2021

Subscribe to Supply Chain Game Changer. Featuring Our 12 Best Procurement Articles! Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. Subscribe Here! Email Address.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

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. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.

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Category management Management Supplier relationship management supply chain software solutions 78

The Procuretech Podcast

SEPTEMBER 28, 2021

The constant challenge of poor data, inaccurate or missing taxonomies and battling with free text PO descriptions is what ultimately led them down the path of creating a software business to solve this problem at scale. This is the fundamental building block which leads to other opportunities to use AI in the procurement space.

Data 52

Data supply chain software solutions Agile and Lean Supply Chain Category management 52

Spend Matters

JANUARY 25, 2024

In no order of preference, other than by the date they arrived in our inbox, today let’s hear from enterprise intelligence software specialist SAP , one of Spend Matters 50 Procurement Providers to Know. I believe that the scope of procurement will not contract back to a sole focus on supply stability and cost containment.

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Procurement solutions Procurement supply chain software solutions Supply Chain Efficiency 69

Procurement Software

JANUARY 16, 2024

Could more visionary procurement leaders be the cure for procurement teams not getting the recognition they deserve? It’s time to start replacing the technocratic, process-obsessed procurement teams. We must usher in a more visionary and value-focused group of procurement leaders and CPOs.

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Procurement Procurement team supply chain budgeting Budget 52

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. Nor do you need to draft pretty standard documents.

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Procurement Category management supply chain software solutions Data 52

Procurement Software

MAY 21, 2024

Will AI replace procurement professionals in negotiations? It’s one of the fears haunting the corridors of procurement teams right now. Enterprise procurement teams are heavily looking into how AI can assist them. Will AI replace procurement managers in negotiations? But, not so fast.

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Supplier negotiation Negotiation Suppliers Procurement 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. You’ll also notice that Procurement is often talked about as part of the Supply Chain.

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Procurement Procurement team supply chain budgeting Contract management 52

Spend Matters

NOVEMBER 2, 2023

You can read a in-depth description of Mithra here as part of Spend Matters Insider How Mithra came into being Rasa Raoufi, one of Mithra’s co-founders, worked for a decade in procurement and supply chain design. But the preparation of data that gaining such insights needs is difficult and, frankly, tedious.

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supply chain software solutions Category management Procurement Data 86

Barkers Procurement

MARCH 26, 2023

Procurement understands the corporate strategy and supports it Procurement looks at the company’s objectives and at how it can support them. You’re likely keen to cut costs, and a look at spending across the supply chain is one obvious way to do it, which can lead to significant savings.

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Procurement Purchase orders Supply Chain Efficiency supply chain software solutions 52

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.

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Procurement supply chain software solutions supply chain budgeting Buyers 52

Planergy

DECEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Marketing Procurement: Challenges and Best Practices. Best Practices & Tips Category Management Procurement. Procurement leaders often underestimate the importance of marketing procurement.

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Procurement Raw materials supply chain budgeting supply chain software solutions 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

Procurement Software

MARCH 11, 2022

Procurement’s relationship with Finance often hits the rocks when we see inflexible, rigid definitions of what they would typically acknowledge as “savings”. So, why do so many organisations still insist on using the soul-crushing method of hard, P&L visible savings to measure indirect procurement teams’ performance?

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Procurement supply chain budgeting Price Negotiation 52

Procurement Software

MARCH 11, 2022

Procurement’s relationship with Finance often hits the rocks when we see inflexible, rigid definitions of what they would typically acknowledge as “savings”. So, why do so many organisations still insist on using the soul-crushing method of hard, P&L visible savings to measure indirect procurement teams’ performance?

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Procurement supply chain budgeting Price Negotiation 52

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

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. CPOs should interact with them and make them feel wanted.

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Supply Chain Game Changer

MARCH 13, 2020

Subscribe to Supply Chain Game Changer. Procurement – How to Enable Spend Aggregation! . One of the key issues in having areas give your Procurement team spend control is expertise. The Procurement team needs to take measures to show that they understand and are accountable to the local teams.

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Claritum

AUGUST 4, 2020

should Procurement be involved in these transactions? The Procurement team need only to be able to monitor and report as. The following diagram shows the relationships that should exist between suppliers, users and Category Managers. Address procurment strategy. Supply chain optimisation.

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Procurement Procurement team Supply Chain Efficiency Purchasing 41

Claritum

NOVEMBER 16, 2018

Why would or should Procurement be involved in these transactions? The Procurement team need only to be able to monitor and report as needed on the flow of purchasing transactions. The following diagram shows the relationships that should exist between suppliers, users and Category Managers. Managing money well.

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Procurement Procurement team Supply Chain Efficiency Purchasing 69

Procurement Software

MARCH 11, 2022

Why is spend analytics software so important? Anyhow, in this article, we’re going to take a look at: How to get a reliable spend analysis without the help of specialised spend analytics software. Some of the advantages that procurement analytics software can provide. Who will be the main users of the software?

supply chain software solutions 52

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

Procurement Software

MARCH 11, 2022

Why is spend analytics software so important? Anyhow, in this article, we’re going to take a look at: How to get a reliable spend analysis without the help of specialised spend analytics software. Some of the advantages that procurement analytics software can provide. Who will be the main users of the software?

supply chain software solutions 52

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

Procurement Software

APRIL 9, 2024

While on the other hand we must equip our teams to tackle sustainability, geopolitical instability and ensuing supply chain disruptions. So, what would I put in place if I wanted to combine the very best of human and machine to have one ultimate ass-kicking procurement team? I’m using simple numbers here.

Category management 40

Category management Procurement supply chain budgeting Budget 40

Supply Chain Game Changer

JULY 3, 2019

Subscribe to Supply Chain Game Changer. The Green Supply Chain: True Sustainability or Just One Big Marketing Stunt? Be sure to take into account a holistic understanding of value creation when choosing software to support your realization of responsible sourcing. Subscribe Here! Email Address. Sustainability.

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Sustainability Sourcing Supply Chain Efficiency Real-time Visibility 58

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.

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Supply Chain Efficiency Bidding Procurement team supply chain software solutions 140

Una

MARCH 6, 2024

This is super handy in industries where workloads can change in a snap, like customer support or software development. Prioritize cybersecurity Make sure that your outsourcing partner has robust cybersecurity measures in place to minimize the chance of a supply chain or back-door attack on your organization.

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Procurement Agile and Lean Supply Chain Purchasing Supply Chain Efficiency 52

Una

JULY 6, 2022

As a true sourcing accelerator , our goal is to become an extension of your procurement team. Una does this by offering assistance on everything from supply chain management, data and analysis, education, and more. How to Improve the Procurement Process & Increase Cost Savings. Supply Chain Management.

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Purchasing Category management Real-time Visibility Supply Chain Efficiency 92

Positive Purchasing

NOVEMBER 1, 2023

Going forward, I think we need to be far more entrepreneurial in our mindset as we solve the challenges of an increasingly global supply chain and diversified supply base. Will this be a suite like the SAP Aribas or the Coupas of this World, or one of the new disruptor best-of-breed applications like a Zip ‘intake to procure?’

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Procurement supply chain budgeting Category management Budget 111

Procurement Software

MAY 23, 2023

Profit from the Source: BCG’s 10 Step Plan to deliver Procurement Excellence It starts off by introducing Tim Cook of Apple as being something of an anomaly. Very few CEOs come from Procurement or Supply Chain. Supply Chain should become one of the top agenda items on board level meetings.

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Procurement supply chain budgeting Agile and Lean Supply Chain Suppliers 52

Planergy

JANUARY 18, 2024

Modern Spend Management and Accounts Payable software. Using a dynamic punchout catalog ensures customers can access data directly from their procurement software, and the data is always correct. On the other hand, a punch-out catalog gives buyers access to the vendor’s website through the buyer’s procurement software.

Management 52

Management Procurement Supplier relationship management Real-time Visibility 52

Procurement Software

JULY 4, 2023

Ultimately, digital procurement enables organisations to enhance the overall procurement experience, as well as increase efficiencies and transform their end-to-end procurement function. What is procurement tech? The procurement technology landscape includes various cloud-based software solutions.

Supply Chain Efficiency 52

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

Una

APRIL 9, 2024

Additional benefits of partnering with a GPO include: Supply chain management assistance: GPOs provide valuable cost-avoidance solutions when trying to manage the purchasing and negotiation process with suppliers. The real value, however, is found when you look beyond cost savings.

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

Supply Chain Game Changer

FEBRUARY 5, 2020

Subscribe to Supply Chain Game Changer. What’s the Difference between Procurement and Purchasing? Why Procurement Transformation Fail article created by, and permission to publish here provided by, Jill Button at [link]. What do I mean by Foundation in Procurement Transformation? Subscribe Here! Now Systems.

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Procurement Agile and Lean Supply Chain supply chain budgeting Negotiation 70

Zycus Cognitive Procurement

DECEMBER 10, 2021

A Source-to-Pay cycle is a holistic approach that covers end-to-end procurement lifecycle. And the S2P software enables multiple activities such as auctions, spend analysis, purchasing categories management, purchase requisitions, sourcing events, billing and vendor relations within the same solution.

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Sourcing e2e Contract supply chain budgeting 52

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.

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Procurement Agile and Lean Supply Chain Procurement team Category management 52