Procurement Insights

APRIL 9, 2025

Enhanced Adaptability to Dynamic Environments Challenge : Traditional equation-based models fail to respond to real-time disruptions (e.g., Example : Agents from a manufacturer and Tier 1/2 suppliers jointly resolve component shortages by redistributing inventory in real time. 3-way invoice matching).

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility Supply Chain Optimization Agile and Lean Supply Chain 52

ivalua

JANUARY 12, 2023

To avoid this pitfall, it is necessary for public procurement teams to routinely review the entire process and challenge steps to ensure that requirements are necessary to meet rules or requirements and/or deliver real value. . It is vital that public procurement teams develop a data insight strategy to gain visibility into their operations.

Strategy 130

Strategy Real-time Visibility Procurement Procurement team 130

Una

OCTOBER 31, 2023

Change Management Tips for Procurement Professionals Practical change management tips for overcoming resistance from stakeholders and getting your procurement changes to stick for good. Change management tips for procurement To fear change is human. Ambiguity can fuel resistance.

Change management 52

Change management Management Procurement Leadership 52

Procurement Software

MAY 16, 2023

Mid-market businesses, on the other hand, could invest in this software and easily see a quick return if they have the right change management and procurement talent in place. Onventis Onventis provides a Procure-to-Pay module for buyers that streamlines the procurement process from purchasing to payment.

Procurement 96

Procurement Purchase orders Real-time Visibility Purchasing 96

Una

APRIL 11, 2023

The ERP “one source” database contains all the information needed to run the business, as well as various modules that correspond to different business functions, such as finance, manufacturing, human resources, customer relationship management, and procurement. Customization : ERPs are not off-the-shelf products.

supply chain software solutions 98

supply chain software solutions Real-time Visibility Supply Chain Efficiency Raw materials 98

Procurement Leaders

JUNE 1, 2022

Excluded from planning meetings and strategic decisions, and with a team lacking the knowledge and relationships to drive real change, procurement was extremely decentralised, in control of just 30% of global spending and focused mostly on tactical, transactional activities. Change management.

Procurement 130

Procurement Strategic sourcing Strategic sourcing Leadership 130

TYA Suite

NOVEMBER 15, 2024

It creates a secure and shared digital record of every transaction, making it easy for companies to track and verify purchases. This transparency is a game-changer because it enables all parties to view the same information in real time. This level of visibility is invaluable for several reasons.

Supply Chain Efficiency 40

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 40

Finale Inventory

AUGUST 20, 2024

Effective inventory management is important for ecommerce businesses to remain competitive in the fast-paced digital marketplace. Managing inventory in ecommerce involves more than just stocking the right products. It also includes streamlining processes, optimizing storage space , and ensuring timely order fulfillment.

Supply Chain Efficiency 52

Supply Chain Efficiency Inventory Real-time Visibility Management 52

Planergy

MARCH 10, 2025

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend.

Data 52

Data Management Budget Real-time Visibility 52

IBM Supply Chain Blog

APRIL 4, 2024

Conversely, it has a larger scope than task management, which deals with individual tasks, and project management, which handles one-time initiatives. Document-centric BPM is for efficiently managing documents and content—such as contracts—within processes.

Real-time Visibility 54

Real-time Visibility Management e2e Supply Chain Efficiency 54

SCMDOJO

MARCH 25, 2022

In the current era, it is clear that new modes of production are concomitant with new modes of distribution, which advances the field of logistics, the science of physical distribution or even supply chain management. working with suppliers or customers was not a priority for most managers at the time. and J-P Rodrigue (2004)).

Supply Chain Efficiency 138

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Logistics 138

Barkers Procurement

APRIL 7, 2025

Determined to transform the way they work, they embarked on a bold journey, choosing Coupa as their cutting-edge spend management platform and partnering with Barkers for expert implementation. Now, with smarter, faster purchasing decisions, Guide Dogs continue with their mission to change lives for people with sight loss.

e2e 52

e2e Real-time Visibility Spend management Contract 52

NLPA (Next Level Purchasing Association)

DECEMBER 14, 2022

Flawed or outdated Technology and Equipment that limits visibility. The Next Level Purchasing Body of Knowledge underpins, integrates and enhances the essential components of Supply Chain Management in simple how-to-do steps. The company leverages a few key metrics and assures that data is available in many cases in real time.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Supply chain 52

Jaggaer

OCTOBER 24, 2024

With quantitative and qualitative KPIs, you get a bird’s eye view to understand supplier performance and make more informed decisions. Real-Time Insights for Risk Management Managing supplier risks involves identifying, evaluating, and reducing constraints created by suppliers, and their suppliers as well.

Supply Chain Optimization 52

Supply Chain Optimization Collaboration Suppliers Real-time Visibility 52

World of Procurement blog

MAY 23, 2024

To gain operational efficiencies by standardising and simplifying purchasing processes across fewer supplier relationships. Delivery performance - Measure on-time delivery rates and lead times for each supplier. Reliable, on-time delivery is essential. Track on-time delivery, quality, responsiveness, and other KPIs.

Supplier consolidation 52

Supplier consolidation Suppliers Supply Chain Efficiency supply chain budgeting 52

Procurement Insights

AUGUST 30, 2023

They say that, like truth, good ideas stand the test of time. Considered to be a breakthrough assessment of the purchasing industry at the time, I felt that there were several gaps in the study. The Dangerous Supply Chain Myths series was based on my review of the ISM, CAPS and A.T.

Real-time Visibility 52

Real-time Visibility Procurement supply chain software solutions Buyers 52

Supply Chain Game Changer

SEPTEMBER 17, 2019

Most supply chain leaders recognize that it’s an incredibly exciting time to be working in the field. At the same time, they must also develop strategies to significantly advance their capabilities in anticipation of overcoming their issues with the basics. You would measure lead time in days or even weeks. Mike Mortson.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Real-time Visibility 59

Claritum

MAY 2, 2019

If your procurement team is spending over half their time on transactional activity, what opportunities are they missing? Purchase Order *. Total lifecycle costs / Managing profitability. Change management. Time that can be spent on exploring opportunities associated with our second list above. Delivery *.

Real-time Visibility 44

Real-time Visibility Procurement Purchase orders Eprocurement 44

Pipefy

AUGUST 18, 2023

Process discovery includes the identification and definition of activities and tasks comprising a process; its purpose is to make all stages in a process visible in order to ensure clear responsibility for each of those phases. These inefficiencies lose hours and money that can add up to huge amounts of waste over time.

Import 52

Import Real-time Visibility e2e Data 52

Empowering CPO

JUNE 27, 2023

Spend analysis involves the systematic examination of purchasing data to gain insights into spending patterns, supplier performance, and potential areas of improvement. Traditional approaches to spend analysis relied heavily on manual processes and limited data visibility.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Data 40

World of Procurement blog

MAY 8, 2024

Procurement differs from purchasing in a few key ways: Strategic focus : Procurement has a strategic, long-term focus on analyzing spend, reducing costs, managing supplier relationships, and mitigating risk. Purchasing is more transactional and tactical. Purchasing focuses specifically on the buying transaction.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

World of Procurement blog

MAY 10, 2024

Some of the key capabilities and use cases for AI in procurement include: Automating repetitive and routine tasks : AI can take over low-value tasks like invoice processing, purchase order creation, expense report auditing, and other administrative workflows. Overall, AI delivers unprecedented visibility into suppliers.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

World of Procurement blog

MAY 20, 2024

With the right CLM solution in place, procurement can achieve end-to-end visibility into the contracting process, reduce cycle times, and eliminate inefficient manual tasks. What is Contract Lifecycle Management (CLM) Software? Higher productivity - Less time spent on manual tasks allows teams to focus on more strategic work.

e2e 52

e2e Real-time Visibility Procurement Contract 52

TYA Suite

SEPTEMBER 15, 2024

When integrated with procurement, ERP systems offer a comprehensive solution that manages the entire procurement lifecycle—from requisition to payment—ensuring seamless operations and improved efficiency. These tools help in negotiating better terms, ensuring timely deliveries, and fostering long-term partnerships.

Procurement 40

Procurement Real-time Visibility supply chain software solutions Supply Chain Efficiency 40

Pipefy

JANUARY 11, 2023

Procurement teams are now expected to perform as a strategic, value-creating business partner that improves business agility, financial visibility, process resilience, and competitiveness. An abundance of manual work and rapidly changing processes. Complex purchasing systems (31%). Time-consuming invoice reconciliation (28%).

Strategy 52

Strategy supply chain software solutions Procurement Agile and Lean Supply Chain 52

World of Procurement blog

MAY 8, 2024

It involves the active streamlining and integration of key processes across purchasing, manufacturing, warehousing, and transportation. Information must flow constantly to enable planning and management of inventory, production scheduling, order fulfillment, and more. Customers receive orders on-time without backlogs.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply chain management Supply chain management Supply Chain Optimization 40

Procurement Software

JUNE 20, 2023

While this article focuses on procurement contract management software, some of these platforms also have features for Sales and Legal. This is important when considering contract management software for mid-market businesses. Contract management software covers a pretty broad spectrum.

Contract management 52

Contract management Contract e2e Management 52

TYA Suite

AUGUST 16, 2024

Accounts payable automation software offers a streamlined, efficient solution for handling all aspects of the accounts payable process, reducing manual effort, minimizing errors, and ensuring timely payments. Time is saved and errors are decreased by doing away with manual data entry. requires timely and precise payments.

Real-time Visibility 40

Real-time Visibility Vendor relationships Data Purchase orders 40

Solvoyo

MARCH 5, 2021

Remember those times when we used to stroll down the block and find local stores such as the mom-and-pop diners and get the chance to relish the coziness and sense of family environment there. Planners spend their precious time collecting and synthesizing the data to drive insights. . Having up-to-date supplier lead times.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency supply chain software solutions 52

IBM Supply Chain Blog

JUNE 30, 2023

To do that, technicians, facility managers, maintenance teams, reliability engineers and project managers need accurate, real-time information at their fingertips. Data was siloed, hidden away in a multitude of spreadsheets and filing cabinets, and carrying out tasks manually was time-consuming.

Management 60

Management supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 60

Planergy

OCTOBER 13, 2023

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend.

Budget 52

Budget Purchasing Real-time Visibility Spend management 52

Empowering CPO

JUNE 21, 2023

It’s about automating tedious tasks, enhancing data visibility, and providing more profound, actionable insights. Companies relied heavily on physical documentation, such as invoices and purchase orders, to gather data. However, I was unable to complete the research on specific case studies within the given time.

Real-time Visibility 52

Real-time Visibility Data Procurement Strategic sourcing 52

Empowering CPO

JUNE 25, 2023

From automated purchase order creation to electronic invoice processing, automation has freed procurement professionals from mundane tasks, allowing them to focus on strategic activities. They were time-consuming, error-prone, and lacked the sophistication to handle large volumes of data or complex analyses.

Procurement 52

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

Empowering CPO

MAY 4, 2023

By effectively managing the purchasing process, companies can better control their expenditures and optimize their supply chain, ensuring the availability of the right products and services at the right time. Some of the key benefits include: 1. Develop a Comprehensive Procurement Strategy A.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Empowering CPO

JUNE 14, 2023

It is a strategic process that involves identifying business needs, sourcing suppliers, negotiating contracts, managing supplier relationships, and ensuring the timely delivery of high-quality products or services. These models are often accompanied by practices such as annual rate contracts, bulk buying, and just-in-time purchasing.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Supply Chain Game Changer

NOVEMBER 16, 2018

This would prove to be my first real lesson in Cash Management which could not have been made more intense and immediate! The fact that we reached out to them and talked to them, as opposed to just not paying our bills and not telling them, bought us some goodwill and time. Visibility and Responsibility.

Management 53

Management Real-time Visibility Inventory Supply chain 53

TYA Suite

SEPTEMBER 25, 2024

Additionally, assess your suppliers’ financial stability, track their performance over time, and maintain open communication to identify potential risks early. Building strong relationships with suppliers can also enhance collaboration, leading to better risk management. track orders, and monitor compliance with contractual terms.

Risk 40

Risk Strategy Procurement Supply Chain Efficiency 40