Una

OCTOBER 9, 2023

At the end of this playbook, we’ll also explore how partnering with a group purchasing organization (GPO) can be seamlessly integrated into your strategic sourcing approach, enhancing your ability to drive value and deliver results. Let’s get started. Implementation & Execution Time to see your hard work pay off!

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Una

JANUARY 1, 2024

Hug a maverick Instead of creating a resolution along the lines of “ eliminating maverick spend ”, how about you hug a maverick instead? Identify your serial mavericks – those who consistently purchase without following procurement policy – and approach them for a chat. Second, give Una a call.

Procurement 52

Procurement supply chain software solutions Contract Suppliers 52

Una

JUNE 15, 2023

there are several challenges involved with outsourcing: Transition and change management: Transitioning from an internal procurement team to an outsourced provider requires careful planning, knowledge transfer, and change management to ensure a smooth transition. Enter group purchasing organizations.

Procurement 52

Procurement Supplier relationship management Procurement team Contract 52

Planergy

OCTOBER 13, 2023

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. Benefits of Gag Pooling Enhanced Purchasing Power One of the primary benefits of GAG pooling is increased purchasing power , for better and faster procurement.

Budget 52

Budget Purchasing Real-time Visibility Management 52

Zycus Cognitive Procurement

JANUARY 24, 2023

Key processes to automate include contract management, vendor management, invoicing, purchase orders, purchase requisitions. It will ease out the processes of analyzing spend, managing relationships with customers/vendors and suppliers, automating source-to-pay (S2P) workflows, and fostering internal collaboration.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Pipefy

DECEMBER 18, 2023

The result is an acutely streamlined tech stack free of process or capability gaps, reduced risk, better use of employee time, and accelerated (and accurate) change management. This means a solution that: Maintains oversight of purchasing patterns overalls. Reduces the need to outsource.

Procurement 52

Procurement Agile and Lean Supply Chain Procurement team supply chain budgeting 52

Procurement Software

MAY 30, 2023

If you’re a CPO or a senior procurement leader, there are some basic metrics we can look at to determine how mature your indirect spend management is. Across any category of indirect spend, with the exception perhaps of energy and utilities, there is a long tail of non-strategic, tail spend suppliers.

Procurement 52

Procurement Procurement team Purchase orders Contract 52

Procurement Software

MARCH 7, 2023

Then, with the growing popularity of Enterprise Resource Planning (ERP) systems such as SAP and Oracle during the late 1990s and early 2000s, converting requisitions into purchase orders (POs) was done electronically. The P2P process deals predominantly with administrative purchasing tasks. What is the difference P2P and S2P?

Sourcing 64

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 64

Procurement Software

DECEMBER 5, 2022

Then, with the growing popularity of Enterprise Resource Planning (ERP) systems such as SAP and Oracle during the late 1990s and early 2000s, converting requisitions into purchase orders (POs) was done electronically. The P2P process deals predominantly with administrative purchasing tasks. What is the difference P2P and S2P?

Sourcing 52

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

Jaggaer

OCTOBER 22, 2020

Spend management and procurement will play a key role in enabling banks to achieve their efficiency targets while managing supply chain risks,” he added. Purchase orders were issued through the ERP system, but with no link to the approvals workflow and procurement decisions.

Strategy 52

Strategy Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Procurement Software

JUNE 13, 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. ProcurePort also offers specialist done-for-you services for managed reverse auctions and spend analysis.

supply chain software solutions 52

supply chain software solutions Contract management Contract Sourcing 52

Empowering CPO

JUNE 22, 2023

Risk Mitigation: Spend analysis can reveal dependencies on certain suppliers, leading to better risk management and more diversified supplier portfolios. Compliance Monitoring: It can help to ensure that purchasing activities are in line with company policies and regulations, reducing the risk of non-compliance.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Empowering CPO

JUNE 21, 2023

The Evolution of Spend Analysis To fully appreciate the impact of IT on Spend Analysis, it’s important to understand the origins and evolution of this process. Before the advent of IT, Spend Analysis was a laborious, manual task. Change Management: We understand the resistance to change can be a major hurdle.

Real-time Visibility 52

Real-time Visibility Data Procurement Strategic sourcing 52

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

Supply Chain Game Changer

NOVEMBER 17, 2018

We achieved recognition both internally and externally for our sourcing and procurement accomplishments in the spend management area. How has the Supply Chain changed over the course of your career? We dug that company out of terrible financial difficulty after the “internet bubble” burst in 2001. My tenure at AMD was amazing.

Leadership 74

Leadership Supply Chain Optimization Supply chain Sustainability 74

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. This step is crucial because the quality of the data collected directly impacts the accuracy of the spend analysis.

Procurement 52

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