Spend Matters

APRIL 4, 2024

Pere Sivecas , Spend Matters Development PM and Software Architect, has compiled a four-part video series that covers the basics you need to know, the first two of which are free while parts three and four require a basic Insider subscription.

Procurement 83

Procurement Risk management Raw materials supply chain software solutions 83

Spend Matters

JANUARY 5, 2024

While it is best known for its end-to-end CLM for legal, procurement, sales and risk teams, CobbleStone Software ’s capabilities also touch on sourcing and e-procurement, giving it broad coverage of procurement processes. It makes the invisible visible through discovery and continuously monitors key issues to supply chain risk.

e2e 78

e2e Procurement supply chain software solutions Contract 78

Procurement Software

MARCH 19, 2024

It will take time before we have dedicated generative AI-driven procurement software. Generative AI’s current impact in procurement is best illustrated by tech-savvy procurement category managers leveraging apps like ChatGPT and Bard to streamline the execution of routine tasks.

Procurement 52

Procurement Category management supply chain software solutions Data 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.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Supply Chain Game Changer

APRIL 7, 2020

Subscribe to Supply Chain Game Changer. The Toilet Paper Supply Chain! In the midst of the Coronavirus pandemic the need for complete, end to end Supply Chain visibility has never been more important! Supply Chain visibility and the Digital Supply Chain has never been more important!

Supply Chain Visibility 88

Supply Chain Visibility e2e Real-time Visibility supply chain software solutions 88

SCMDOJO

JULY 3, 2023

Procurement training equips you to excel in the corporate world by teaching you everything from supplier dynamics to negotiating strategies. Choose between a broad overview of procurement and a focused course that focuses on certain topics like strategic sourcing, contract management, or supplier relationship management.

Cost of ownership 78

Cost of ownership Procurement Category management supply chain software solutions 78

Planergy

JANUARY 12, 2023

Supplier Tiers: What’s The Difference Between Tier 1, Tier 2, and Tier 3. Best Practices & Tips Business Process Management (BPM) Supplier Relationship Management. What is Supplier Tiering? The Benefits of Supplier Tiering. What Are Supplier Tiers? Why Do Supplier Tiers Matter?

Suppliers 52

Suppliers Supply Chain Efficiency Raw materials 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. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.

Category management 76

Category management Management Supplier relationship management supply chain software solutions 76

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.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

Supply Chain Game Changer

FEBRUARY 25, 2020

Subscribe to Supply Chain Game Changer. Strategic Supplier Relationship Management – Do’s and Don’ts. Regardless of what industry your company is in you are dependent on suppliers to operate your company. Thus it makes sense to have a Supplier Relationship Management program.

Supplier relationship management 87

Supplier relationship management Suppliers Management Supply Chain Efficiency 87

Procurement Tactics

JANUARY 8, 2023

It can also help drive sustainability initiatives in your supply chain and procurement process. . The Closed Loop Spend Management. Ultimate Supplier Plotting Checklist 2023. Thus, it generates the following insights: Visibility of the company’s impacts across all categories. CSR standards of suppliers.

Sustainability 207

Sustainability Procurement Agile and Lean Supply Chain Supply Chain Optimization 207

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.

Procurement solutions 84

Procurement solutions Procurement e2e Real-time Visibility 84

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. Yet only 26% were able to confidently predict risk within their supply bases. Subscribe Here!

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

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. It can perform, or drastically reduce, the workload for a lot of tasks that are not only administrative in nature, but also those being performed by Buyers and Category Managers.

Procurement 52

Procurement Category management supply chain software solutions Data 52

Supply Chain Game Changer

AUGUST 15, 2019

Subscribe to Supply Chain Game Changer. Strategic Supplier Relationship Management – Do’s and Don’ts. Article written for Supply Chain Game Changer by, and permission to publish here provided by, Tyler Brown. Does your business rely on at least one supplier? Email Address.

Suppliers 58

Suppliers supply chain software solutions Supply Chain Efficiency Supplier relationship management 58

Spend Matters

JANUARY 23, 2024

Automation will aid in the selection of suppliers and deciding questions to ask, saving everyone valuable time.” We see this with the incorporation of a LLM into SAP Ariba Category Management and the increasing role of Joule across our portfolio.”

Category management 64

Category management Data Procurement supply chain software solutions 64

Arkestro

APRIL 25, 2023

In fact, 71% of all companies said the cost of raw materials is the biggest threat to their supply chain in 2023. On top of these challenges, construction companies are tasked with complex supplier management , where procurement professionals must closely monitor risk, supply quality, and supplier performance.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing supply chain budgeting Real-time Visibility 52

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. Is category management dead as an organisational structure?

Data 52

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

EazyStock

MARCH 14, 2023

With the right strategies in purchasing, logistics and supply chain, you can navigate through a recession and come out as a winner. Eliminate unnecessary inventory costs and reduce inventory values All companies have different conditions (and challenges), and there’s no one-size-fits-all solution.

Strategy 52

Strategy Supply Chain Optimization Inventory supply chain software solutions 52

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

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.

Procurement 52

Procurement Purchase orders Supply Chain Efficiency supply chain software solutions 52

Procurement Heads

JUNE 22, 2022

I gradually learned more about the supply chain that supported the insurance industry and that companies were being used to dry out properties when there had been a flood, replace property when there had been a theft and that the supply chain world interested me more and more.

e2e 130

e2e supply chain software solutions Supply chain Suppliers 130

Procurement Software

OCTOBER 10, 2023

Whereas others are more specific to the procurement and supply chain space uniquely. Traditional office-based jobs such as those in procurement and supply chain are having to compete with jobs which can be done remotely. Or, even better, automated and digitised by using procurement software.

Procurement 59

Procurement Real-time Visibility supply chain software solutions Category management 59

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.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Innovation Supply chain 40

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. Globalization. Burton predicts that China and Brazil will become hubs for global sourcing.

Supply Chain Efficiency 113

Supply Chain Efficiency Procurement supply chain software solutions Collaboration 113

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. Managing the challenges with best practices, including using procurement software for the marketing spend category helps simplify your process.

Procurement 52

Procurement Raw materials supply chain budgeting supply chain software solutions 52

The Procuretech Podcast

JUNE 28, 2022

I’m talking to Dr. Wolfgang Schnellbächer from BCG, the author of a new book fresh off the presses - Profit from the Source: Transforming Your Business by Putting Suppliers at the Core. . Supplier-centric transformation and the future of procurement. They need to be able to trigger ideas from suppliers.

Sourcing 52

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

Procurement 52

Procurement Procurement team supply chain budgeting Contract management 52

Procurement Software

MARCH 11, 2022

The best opportunities now lie in tail spend management. Yes, Supplier Relationship Management (SRM) , supplier partnerships, and deeper collaboration with core vendors will deliver ongoing value over the long term and are an absolutely essential piece of ammo in every large organisation’s arsenal.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

The best opportunities now lie in tail spend management. Yes, Supplier Relationship Management (SRM) , supplier partnerships, and deeper collaboration with core vendors will deliver ongoing value over the long term and are an absolutely essential piece of ammo in every large organisation’s arsenal.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Empowering CPO

DECEMBER 3, 2020

If the supplier is offering inconsistent prices, suspiciously high prices or there is a huge difference in price of winning bid and other bids, surprisingly similar prices between bids, fewer bids for a particular market or suspicious subcontracting agreements, then it should trigger an alarm for you.

Chief Procurement Officer 52

Chief Procurement Officer Bidding Strategic sourcing Strategic sourcing 52

Procurement Software

MARCH 11, 2022

Driving value through strategic sourcing and supplier collaboration. A direct materials buyer can frequently deliver a $1 million hard saving after the conclusion of one major supplier negotiation. But such a large sum from one negotiation or tender is virtually unheard of in many indirect categories.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Procurement Software

MARCH 11, 2022

Driving value through strategic sourcing and supplier collaboration. A direct materials buyer can frequently deliver a $1 million hard saving after the conclusion of one major supplier negotiation. But such a large sum from one negotiation or tender is virtually unheard of in many indirect categories.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Procurement Software

JANUARY 16, 2024

When that happens, inevitably these category strategies rarely see the light of day. Was it really worth Procurement Category Managers spending weeks fiddling around in Power Point for prized strategies to just sit on a siloed SharePoint site? Give them an understanding of wider Finance or Supply Chain topics.

Procurement 52

Procurement Procurement team supply chain budgeting Budget 52

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

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.

Procurement 52

Procurement Agile and Lean Supply Chain Purchasing Supply Chain Efficiency 52

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? It’s created at our suppliers. Suppliers and partners. Clearly, you need the means to communicate this to suppliers. Subscribe Here! Email Address. Sustainability. Source Smarter.

Sustainability 58

Sustainability Sourcing Supply Chain Efficiency Real-time Visibility 58