Procurement Tactics

AUGUST 25, 2022

In 2022, he was awarded the Special Mentioned Individual Award by Supply Chain Asia for his contribution to the national emergency procurement for the Covid-19 operation. Furthermore, He was voted by Supply Chain Digital as one of the top 10 procurement executives worldwide. Trillion budget. . He began his career at A.T.

Procurement 231

Procurement Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 231

ivalua

MAY 1, 2020

The total costs, in terms of human lives, disrupted supply chains, ruined businesses and GDP impact, are still just projections in the array of charts presented daily by statisticians and data modelers. There are, however, already some clear lessons to be learned by Procurement and Supply Chain leaders.

Supply chain management 130

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 130

Procurement Tactics

JANUARY 8, 2023

Spend analysis enables businesses to assess procurement spending data from internal and external data sources. It can also help drive sustainability initiatives in your supply chain and procurement process. . The Closed Loop Spend Management. Manage and monitor cost savings and sustainability impact for each initiative.

Sustainability 207

Sustainability Procurement Agile and Lean Supply Chain Supply Chain Optimization 207

Spend Matters

DECEMBER 21, 2023

Today, for procurement organizations too, applying an AI-first approach has become imperative, especially in the source-to-pay process. Generative AI, in particular, offers transformative potential in optimizing source-to-pay processes. And the maximum value can be extracted from these new tools through strategic integration.

Procurement solutions 82

Procurement solutions Procurement e2e Real-time Visibility 82

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. This supports strategic sourcing efforts. This maximizes value from sourcing partnerships.

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Procurement team Procurement Real-time Visibility 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

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. Subscribe Here! Email Address. Featuring Our 12 Best Procurement Articles! It’s time to air our dirty laundry.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

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. Inflation will go down.

Supply Chain Optimization 104

Supply Chain Optimization Procurement team Agile and Lean Supply Chain Supply Chain Efficiency 104

Spend Matters

JANUARY 5, 2024

Our coverage also explores the latest thought leadership topics about procurement and supply, the technology that serves it and comparative analyses based on demos and the scoring of 500+ RFI requirements across 12 source-to-pay (S2P) categories that create our Vendor Ranking data. Read part 1 here , part 2 here and part 3 here.

e2e 76

e2e Procurement supply chain software solutions Contract 76

Procurement Software

APRIL 23, 2024

To do this quickly and efficiently, spend analytics software is your best friend. Sure, but it won’t be very efficient and it’s prone to human error. Located in Amsterdam, Netherlands, the company leverages advanced AI technologies to enhance procurement processes, focusing on efficiency and data visibility.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Supply Chain Efficiency supply chain budgeting 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. In this guide, we’ll explore the key principles of category management and how it can benefit your organization.

Category management 77

Category management Management Supplier relationship management supply chain software solutions 77

Spend Matters

JANUARY 23, 2024

It basically multiplies efficiency through higher process automation. In SAP® Ariba® Sourcing, for example, there are AI-driven tools that enable practitioners to automate the RFx process. We see this with the incorporation of a LLM into SAP Ariba Category Management and the increasing role of Joule across our portfolio.”

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Category management Data Procurement supply chain software solutions 63

Empowering CPO

FEBRUARY 14, 2024

EmpoweringCPO, a distinguished procurement service and consulting company, stands out as a guiding force for organizations looking to optimize their procurement processes. Opportunity Assessment: Evaluate potential areas for improvement, ensuring a proactive approach to enhancing efficiency, savings, and overall procurement performance.

Procurement 40

Procurement Procurement strategies Supply Chain Efficiency Supply Chain Optimization 40

Empowering CPO

JULY 2, 2023

If you’re new to the term, Managed Procurement Services refers to the outsourcing of a company’s procurement functions to a specialized firm. This approach allows businesses to leverage the expertise of procurement specialists to streamline operations, optimize supplier relationships, and most importantly, reduce costs.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Empowering CPO

JUNE 14, 2023

At its core, procurement is the process of finding, agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. Organizations are now expected to not only manage cost but also to ensure supply chain resilience, mitigate risks, and contribute to strategic objectives.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Supply Chain Game Changer

NOVEMBER 13, 2018

As companies seek to discover ways to increase overall excellence and competitiveness, a new source of value has emerged – Strategic Sourcing. What is Strategic Sourcing? Strategic Sourcing does exactly the same by addressing the total cost. A Paradigm Shift in the Procurement Function. So what are the new realities?

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Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

Solvoyo

JUNE 10, 2020

Increasing competition by online marketplaces, along with evolving consumer expectations and shopping patterns are making the category management decisions more complex. Category management and merchandise planning are at the core of retailing. As customers’ options increase, so do their expectations. 2) Early Detection.

Category management 52

Category management Supply Chain Optimization Agile and Lean Supply Chain Supply Chain Analytics 52

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.

Procurement solutions 84

Procurement solutions Procurement supply chain budgeting Real-time Visibility 84

Solvoyo

JUNE 9, 2020

Increasing competition by online marketplaces, along with evolving consumer expectations and shopping patterns are making the category management decisions more complex. Category management and merchandise planning are at the core of retailing. As customers’ options increase, so do their expectations. 2) Early detection.

Category management 52

Category management Supply Chain Optimization Agile and Lean Supply Chain Supply Chain Analytics 52

Una

MARCH 6, 2024

Get things done faster Outsourcing helps businesses streamline their operations and use their resources more efficiently. The primary motivation for outsourcing is to increase efficiency (24%) and to gain access to expert skills (18%). It gives them access to specialized skills, cuts costs, and boosts operational efficiency.

Procurement 52

Procurement Agile and Lean Supply Chain Purchasing Supply Chain Efficiency 52

Planergy

DECEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Best Practices & Tips Category Management Procurement. Marketing category spend may include things like: Market research and benchmarking. Social media management. Download Free Copy. Written by.

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Procurement Raw materials supply chain budgeting supply chain software solutions 52

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.

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

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.

Agile and Lean Supply Chain 59

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

Una

JULY 25, 2023

From determining business needs to reviewing performance and everything in between, this article explores the ten stages of the procurement cycle , provides expert tips on how to navigate each step, and explains ways to drive cost savings and efficiencies. The role of sourcing is the same, no matter who your CPO’s boss is, right?

Strategic sourcing 52

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Supply Chain Game Changer

JANUARY 21, 2020

Subscribe to Supply Chain Game Changer. A “Don’t Touch” Strategy will Dramatically Lean out your Supply Chain! I started thinking about the Costco Supply Chain. What is it that makes Costco’s Supply Chain so effective? This is a massive source of efficiency.

Agile and Lean Supply Chain 84

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization Supply chain 84

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. Supply Chain Management. GPO Cost Savings Calculator Tool. Partner in Procurement.

Purchasing 92

Purchasing Category management Real-time Visibility Supply Chain Efficiency 92

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).

Supply Chain Efficiency 139

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 139

Spend Matters

NOVEMBER 2, 2023

Travel and Expense management leveraging SAP Concur is an easy plug in for travel spend management and all spend flowing through expense reporting. Beroe for supply market intelligence) that’s woven into the solutions to enhance better decision making. EcoVadis), the SAP Business Network and/or GenAI.

Networking 87

Networking Spend management Suppliers Supply Chain Optimization 87

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. The Strategic Sourcing Matrix Let’s start with the classical view, which is the adapted Strategic Sourcing matrix.

Strategic sourcing 97

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

Una

APRIL 9, 2024

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. Speed to savings: GPOs allow you to skip the RFx process to drastically reduce the amount of time it takes to source goods and services.

Purchasing 52

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

Planergy

JANUARY 18, 2024

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. What's Planergy?

Management 52

Management Procurement Supplier relationship management Real-time Visibility 52

Positive Purchasing

JANUARY 25, 2024

So, I worked it out for myself, and in my latest book, ‘ Trade Wars, Pandemics and Chaos ’, I lay it out – it’s taking technology, data and analytics and using it to create supply and demand power. Now, to really optimize our contribution, we have to elevate purchasing process out of the transactional. Break Down Barriers.

Data 52

Data Supply Chain Efficiency Supply Chain Optimization Procurement 52

Supply Chain Game Changer

APRIL 30, 2019

Subscribe to Supply Chain Game Changer. 6 Trends to Make Supply Chain Managers the Heroes of Their Company! I had just inherited a new department into my organization, the Product Data Management (PDM) team. Master Data Management (MDM). The post What is Product (or Master) Data Management?

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