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. Let’s look at each one separately.

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Procurement Category management supply chain software solutions Data 52

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

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!

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

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.

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Category management Management Supplier relationship management supply chain software solutions 76

SCMDOJO

JULY 3, 2023

Read More: Top 10 Supply Chain Management Courses to Boost Your Career ] Accreditation and Industry Recognition Check to see if the training programme is acknowledged by the procurement sector or accredited by the relevant professional organizations. What is the category management in procurement?

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Cost of ownership Procurement Category management supply chain software solutions 78

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

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.

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e2e Procurement supply chain software solutions Contract 78

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

The Procuretech Podcast

JULY 11, 2023

Sustainability, supply chain risk, digital transformation and visibility. 24:07 What’s going to replace category management in this digital world? Category management is the first step. A tool that combines artificial intelligence and category strategy. Adoption of category management is still early.

Purchasing 40

Purchasing Category management Procurement supply chain budgeting 40

Una

JULY 19, 2023

Julia has over 25 years of experience across all indirect spend categories, managed and outsourced services, with a focus on negotiations for software, cloud services, and professional services. In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Julia Braun.

Management 52

Management supply chain software solutions Category management Sourcing 52

The Procuretech Podcast

OCTOBER 16, 2022

How did she make the journey from software consultant to content creator, and beyond? Current economic headwinds might have Category Managers looking over their shoulders and uncertain about the future. Sign up for the Procurement Software Newsletter. Follow Procurement Software’s LinkedIn Page. . Stay in touch.

Buyers 40

Buyers supply chain software solutions Category management Influencing 40

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

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.

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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

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 72

Spend Matters

JANUARY 23, 2024

We see this with the incorporation of a LLM into SAP Ariba Category Management and the increasing role of Joule across our portfolio.” It’s also worth remembering that some elements of GenAI have seen use in procurement and supply chain applications for years. A second, more directed impact is predictive analytics.

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Category management Data Procurement supply chain software solutions 64

Procurement Tactics

JANUARY 8, 2023

It can also help drive sustainability initiatives in your supply chain and procurement process. . The Closed Loop Spend Management. Thus, it generates the following insights: Visibility of the company’s impacts across all categories. Accountability of category managers and suppliers as the core drivers of impact.

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.

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Procurement solutions Procurement e2e Real-time Visibility 84

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. Project Complexity Construction projects involve numerous stakeholders, including architects, engineers, category managers, contractors, suppliers, and clients. from February 2020 to August 2022.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing supply chain budgeting Real-time Visibility 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. But there was a market gap.

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supply chain software solutions Category management Procurement Data 89

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. Probably not.

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

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 Purchase orders Supply Chain Efficiency supply chain software solutions 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

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

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

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

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

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.

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Procurement Raw materials supply chain budgeting 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

Solvoyo

JUNE 9, 2020

The decisions around category management can no longer be supported by manual analysis based on broad assumptions and averages. Therefore, managing complexity while maintaining agility becomes the main concern for retailers. Category management and merchandise planning are at the core of retailing.

Category management 52

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

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

The Procuretech Podcast

JUNE 28, 2022

As an example, he asks us to imagine an engineering company: It may have relatively few engineers in-house, but imagine every engineer in that company’s supply chain, all the way down the tiers… It’s a huge number of people that could be coming up with great ideas for that company. The standard software can’t do it. He says no.

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

Procurement Software

MARCH 11, 2022

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. 5 effective tail spend management strategies and how procurement technology can help. Eliminate maverick spend. Risk is zero. You don’t need multiple vendors.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

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. 5 effective tail spend management strategies and how procurement technology can help. Eliminate maverick spend. Risk is zero. You don’t need multiple vendors.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

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. Supplier tiering also helps reduce costs by eliminating inefficient or unnecessary processes in the supply chain.

Suppliers 52

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Procurement Software

MARCH 11, 2022

But the valuable contribution that Category Managers responsible for indirect spend make to the business often comes through cost avoidance, or the successful deferral of a contractual price increase or inflationary commodity prices. The easy answer is that financial analysts and controllers are numbers people.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Procurement Software

MARCH 11, 2022

But the valuable contribution that Category Managers responsible for indirect spend make to the business often comes through cost avoidance, or the successful deferral of a contractual price increase or inflationary commodity prices. The easy answer is that financial analysts and controllers are numbers people.

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Procurement supply chain budgeting Price Negotiation 52