Procurement Tactics

JANUARY 8, 2023

It can also help drive sustainability initiatives in your supply chain and procurement process. . The Closed Loop Spend Management. Responsible sourcing – Establishing trust and transparency in the value chain. Manage and monitor cost savings and sustainability impact for each initiative.

Sustainability 207

Sustainability Procurement Agile and Lean Supply Chain Supply Chain Optimization 207

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

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 73

e2e Procurement supply chain software solutions Contract 73

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 79

Procurement solutions Procurement e2e Real-time Visibility 79

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

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.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 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

Una

JULY 6, 2022

Una does this by offering assistance on everything from supply chain management, data and analysis, education, and more. Supply Chain Management. A lot of resources can be eaten up by trying to manage the purchasing and negotiation processes with suppliers. Partner in Procurement.

Purchasing 92

Purchasing Category management Real-time Visibility Supply Chain Efficiency 92

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.

Category management 62

Category management Data Procurement supply chain software solutions 62

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. Streamline procurement processes: GPOs can handle the complexities of vendor management, contract negotiation, and risk management.

Purchasing 52

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

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. SAP’s advancements in guided buying capability were generally a continuation of previous efforts and SAP currently partners with Zip for intake management.

Networking 84

Networking Spend management Suppliers Supply Chain Optimization 84

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

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

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

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?

Data 60

Data Bill of materials Management supply chain software solutions 60

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

Planergy

JANUARY 18, 2024

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. Using a dynamic punchout catalog ensures customers can access data directly from their procurement software, and the data is always correct. What's Planergy?

Management 52

Management Procurement Supplier relationship management Real-time Visibility 52

Una

MARCH 6, 2024

Get things done faster Outsourcing helps businesses streamline their operations and use their resources more efficiently. This is super handy in industries where workloads can change in a snap, like customer support or software development. billion by 2027 , growing at a CAGR of 8.8%.

Procurement 52

Procurement Agile and Lean Supply Chain Purchasing Supply Chain Efficiency 52