Empowering CPO

JUNE 30, 2023

Introduction In the dynamic world of business, the ability to effectively manage and optimize supply chains has emerged as a critical success factor. At the heart of this revolution lies a powerful tool that many companies are now leveraging to achieve competitive advantage: Managed Procurement Services. The result?

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

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Supply Chain Efficiency supply chain software solutions Procurement Category management 52

SCMDOJO

NOVEMBER 2, 2023

Effective supply chain management is essential for success in the dynamism and connectivity of modern companies. To accomplish this, you require the skills of supply chain experts who can manage the complexity and difficulties of today’s global supply chains. With a Ph.D.

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Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 59

SCMDOJO

JULY 18, 2023

In this guide, we will explore the key benefits and importance of contract management in procurement and provide insights on how to implement effective practices. Read More: Category Management in Procurement: A Comprehensive Overview & Best Practices ] What is Contract Management?

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Supply Chain Game Changer

OCTOBER 28, 2021

Subscribe to Supply Chain Game Changer. 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. Poor Data Quality, Scattered Tech Landscapes, Lacking Leadership Approval/Budgets. Subscribe Here!

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Procurement Software

MARCH 19, 2024

Its ability to create high-quality text or imagery in such a short period of time is mind-blowing. Sam explains that their spend classification results were historically very highly dependent upon the quality of their customer’s data. Category Management AI will increasingly be used to help to write and generate category strategies.

Procurement 52

Procurement Category management supply chain software solutions Data 52

The Good Spending

JANUARY 4, 2023

Its two dimensions suggest the flat Earth approach with insufficient room to cater to the complexities of modern category management and strategic sourcing situations. Indeed, we understand that leverage item attract negotiations, while non-critical ones are about sourcing process efficiency, buying channels, etc.

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Strategic sourcing Strategic sourcing Agile and Lean Supply Chain Category management 97

Procurement Heads

DECEMBER 7, 2022

We have three key areas: strategic sourcing, category management and vendor management, which is the onboarding and management of our suppliers and so on. The two key functional areas are strategic sourcing and category management. How does procurement fit into Paysafe and the business model?

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Strategic sourcing Strategic sourcing Vendor management Category management 246

SCMDOJO

APRIL 3, 2022

They are far more convenient than conventional discussions and negotiations, providing procedural integrity and transparency while also lowering final prices owing to enhanced supplier competitiveness. Digital bidding, or eAuctions, are a more efficient way of negotiating with vendors in the international market. Macfarlane, 2017).

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Supply Chain Efficiency Bidding Procurement team supply chain software solutions 139

ivalua

APRIL 13, 2021

Digitize to enable effective collaboration across more suppliers and categories. Efficient communication, the ability to securely share information and project manage efforts are all key to scaling collaboration across more processes, suppliers & categories. Ensuring Supply Chain Agility.

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Agile and Lean Supply Chain Procurement Supply Chain Efficiency Collaboration 130

Spend Matters

DECEMBER 21, 2023

AI can help create greater efficiency and value across all source-to-pay processes, including spend analysis, opportunity identification, sourcing and contract management, category management, supply relationship management and risk management.

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Procurement solutions Procurement e2e Real-time Visibility 79

SCMDOJO

FEBRUARY 13, 2023

To get the most out of any procurement team, all the associated key roles need to be filled with qualified individuals that understand both technology and the principles of supply chain management. They also manage the organization’s supply base to ensure coordination and efficiency.

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Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

Procurement Heads

JANUARY 4, 2023

As a Buyer at British Airways, I bought a range of different categories from engineering spares to airport services. I joined KPMG in their supply chain practice and spend the next 16 years on consulting assignments in a smaller firm. We need cost efficiency internally and cost-effectiveness with our suppliers externally.

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Supply Chain Efficiency Sustainability Agile and Lean Supply Chain Suppliers 246

Procurement Heads

MARCH 27, 2023

We’re a centralised indirects procurement team with category management being introduced where it can in order to support the parts of the business where we need subject specialism. Sustainability is one of those, and supply chains can influence carbon emissions in a huge way.

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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. For one, they often focus too heavily on price at the expense of other factors, such as quality, sustainability, and supplier innovation.

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Barkers Procurement

MARCH 26, 2023

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. It’s essential for there to be clear communication between the top level management of the company and everyone involved in procurement.

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Procurement Software

JULY 4, 2023

It aims to make the procurement process more efficient, transparent, and cost-effective. 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?

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

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World of Procurement blog

MAY 10, 2024

By leveraging technologies like machine learning, natural language processing, and neural networks, AI-driven solutions can help procurement teams work smarter, faster, and more efficiently. Natural language processing can analyze invoice line item descriptions and automatically determine the appropriate category.

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Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Spend Matters

JANUARY 25, 2024

They’ll also see first-hand that AI is only as effective as the quality and availability of data. I believe that the scope of procurement will not contract back to a sole focus on supply stability and cost containment. In 2024, business leaders will look beyond the industry buzz for solutions that deliver real-life, AI-based use cases.

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Procurement solutions Procurement supply chain software solutions Supply Chain Efficiency 68

Planergy

JANUARY 12, 2023

As a procurement professional, you know how important it is to have a reliable and cost-effective supply chain. One way to ensure that your supply chain runs smoothly is by utilizing supplier tiering. You can manage suppliers by breaking them down into different tiers more efficiently. Let’s break it down.

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Procurement Heads

APRIL 26, 2023

I studied procurement and obtained a Master’s degree in supply chain and international procurement. Since I graduated, I’ve always worked in procurement and supply chain across both indirect and direct categories, across different geographies and also worked as a Consultant delivering transformational projects.

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Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Procurement Heads

APRIL 26, 2023

I studied procurement and obtained a Master’s degree in supply chain and international procurement. Since I graduated, I’ve always worked in procurement and supply chain across both indirect and direct categories, across different geographies and also worked as a Consultant delivering transformational projects.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

ivalua

JUNE 2, 2016

For those of you who are executives in Supply Chain, Procurement or New Product Introduction/Development, this is a must read. Challenges in this new manufacturer/supplier partnership Burton cites include: Risk management. Challenges in this new manufacturer/supplier partnership Burton cites include: Risk management.

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Supply Chain Efficiency Procurement supply chain software solutions Collaboration 113

Arkestro

JANUARY 4, 2023

Among them were supply chain disruptions , inflation, and supply scarcity and shortages. Companies Will Scale Their Procurement Knowledge Base and Enablement Programs To Attract and Retain A New Profile of Category Management Talent. The Supply Chain Will Continue to Heal.

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Spend Matters

JANUARY 23, 2024

It basically multiplies efficiency through higher process automation. As we think about AI now and AI in the future at SAP,” says Sack, “there will be a blend of mundane AI and generative AI, integrating established, efficient processes with the transformative power of more cutting-edge AI abilities.

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Supply Chain Game Changer

JANUARY 21, 2021

Subscribe to Supply Chain Game Changer. When looking at risk management, category management, and information sharing, that number is as high as 70% ( Bain & Company 2018 ). Global trade growth = more pressure on procurement teams to find cost savings + increasing global supply chain risks to manage.

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Data Procurement Supply Chain Efficiency Procurement team 85

Positive Purchasing

JANUARY 25, 2024

Whether that’s sourcing, category management, requisitioning or even the chasing of invoices. Of course, transactional efficiency is part of what we do, but we have to get strategic. Increasingly, we manage those relationships through our human connections. At a range of levels, most business is about relationships.

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Data Supply Chain Efficiency Supply Chain Optimization Procurement 52

Procurement Heads

MARCH 27, 2023

We’re a centralised indirects procurement team with category management being introduced where it can in order to support the parts of the business where we need subject specialism. Sustainability is one of those, and supply chains can influence carbon emissions in a huge way.

Sustainability 130

Sustainability Agile and Lean Supply Chain Influencing Procurement 130

The Procuretech Podcast

FEBRUARY 22, 2022

Part of a rare breed, Anne-Sophie is a fellow ex-Procurement Category Manager turned startup founder. She studied Procurement and Supply Chain in Bordeaux and then moved into the corporate world, starting out in the FMCG industry, moving then into aeronautics and then finally the automotive industry.

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supply chain software solutions Supply Chain Efficiency Innovation Supply chain 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? What will ensure the delivery of quality products and services to consumers? I’m not talking about quality in the sense of perfectly constructed products. Subscribe Here! Email Address.

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Sustainability Sourcing Supply Chain Efficiency Real-time Visibility 58

Supply Chain Game Changer

SEPTEMBER 5, 2019

Subscribe to Supply Chain Game Changer. Strategic Supplier Relationship Management – Do’s and Don’ts. SRM and supply chain transparency remains atop the agenda for various organizations, and it’s no wonder! The common enemy: the complexity of the global supply chain.

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Suppliers Supply Chain Efficiency Buyers Supplier relationship management 54

Procurement Heads

JULY 12, 2023

I think if you resource your team in a traditional manner with many of the organisation focused on sourcing and category management activities, the outcome you will get will be focused around sourcing and category management activities.  That is when the leadership comes in as to how you then continue to thrive.

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Una

DECEMBER 14, 2022

Businesses are under pressure to keep quality products in stock while navigating inflation and ongoing supply chain disruptions. How to lock in discounted food prices. There are no fees to participate, zero long-term commitments, and no product is off-limits. Request a free shipping cost analysis.

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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. Hidden fees and agendas: When choosing a GPO, transparency is key.

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

Arkestro

SEPTEMBER 5, 2023

With an ever-changing industry requiring staying up to date with technology developments, current trends, and new regulations, it can be difficult to manage costs while still ensuring quality parts. A: Speaking of supplier relationships, how do you manage quality suppliers? J: Before Covid the process really wasn’t good.

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Spend Matters

JUNE 19, 2023

E-procurement IT solutions improve process automation, increase spending under management, reduce maverick spend, improve cross-functional process/data integration (e.g., budget compliance and inventory availability), enable effective spend, preferred supplier and category management.

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