Empowering CPO

FEBRUARY 23, 2024

Automated Processes: AI automates routine tasks like purchase order creation, invoice processing, and spend analysis. Change Management: Employees need training to adapt to AI-driven processes. AI algorithms categorize expenses, identify cost-saving opportunities, and recommend strategic sourcing initiatives.

Procurement 52

Procurement Ethics Agile and Lean Supply Chain Supply Chain Optimization 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. This frees up procurement professionals to focus on high-value strategic activities.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Procurement Leaders

JUNE 1, 2022

The governance team takes charge of procurement policy and compliance, change management and stakeholder training – communicating changes in procurement’s structure and approach to the wider organization. Change management. Becoming a profit centre.

Procurement 130

Procurement Strategic sourcing Strategic sourcing Leadership 130

ivalua

FEBRUARY 25, 2021

They may not consider potential issues of integrations, supplier onboarding, supply chain data management, change management and system optimization, all of which add to complexity and costs. Efficient warehouse management. Providing an Amazon-like experience increases user adoption. Demand planning capabilities.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Una

JUNE 15, 2023

10 Procurement Outsourcing Services Explore ten procurement outsourcing services available to help your sourcing function save more money, time, and effort. The CPO is supported by strategic sourcing managers, category managers, buyers, analysts, contract managers, a compliance officer, an SRM manager, and others as new roles emerge.

Procurement 52

Procurement Supplier relationship management Procurement team Contract 52

Una

JANUARY 1, 2024

Identify your serial mavericks – those who consistently purchase without following procurement policy – and approach them for a chat. Resources to help: 8 Benefits of Reducing Maverick Spend How to Optimize Your Spend with a Strategic Sourcing Process 6 Ways to Manage Maverick Spend How to Control Your Wildest Maverick Spenders 3.

Procurement 52

Procurement supply chain software solutions Contract Suppliers 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. Above $1 billion businesses are typically a target of established, enterprise source-to-pay and source-to-contract suites.

Procurement 96

Procurement Purchase orders Real-time Visibility Purchasing 96

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. However, procure-to-pay is definitely a subcomponent of the entire source-to-pay process. Simplicity is key here.

Sourcing 64

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

Strategic Sourceror

JUNE 21, 2022

It's important that employees are fully aware of the potential benefits to them early on to help smooth out the complicated change-management processes that accompanies such a large project. Brought to you by the StrategicSourceror.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Strategic sourcing Strategic sourcing 52

Una

OCTOBER 26, 2023

Harnessing the Influencer’s Art to Raise the Profile of Procurement Transferable Skills for Procurement Change management and leadership Implementing ESG initiatives often requires organizational change as you imbed ESG initiatives in organization-wide policies and processes.

Management 52

Management Procurement Supply Chain Efficiency Stakeholder engagement 52

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. However, procure-to-pay is definitely a subcomponent of the entire source-to-pay process. Simplicity is key here.

Sourcing 52

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

ivalua

DECEMBER 8, 2020

Natacha Trehan, who leads the Purchasing Master’s degree at the University of Grenoble Alpes, will deliver a keynote providing further insights based on her experience working with and advising dozens of procurement organizations over the past decade. Sprint’s strategic sourcing transformation, presents a great example, in multiple ways.

Procurement 130

Procurement Leadership Innovation Agile and Lean Supply Chain 130

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. A solid change management plan can help to manage this transition smoothly.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Supply Chain Game Changer

APRIL 15, 2020

Sometimes, digitalization requires change management, process shifts, and organizational restructuring. There are plenty of great blogs and news outlets on the web where one can find interesting articles surrounding procurement & sourcing, but below are some of our favorite go-to outlets! Publications.

Procurement 90

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 90

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 strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. What's Planergy? Why Use GAG Pooling?

Budget 52

Budget Purchasing Real-time Visibility Management 52

Supply Chain Game Changer

JANUARY 21, 2020

One way or the other, eSourcing is still utilized as a support, or e-enablement to the strategic sourcing cycle, which means it’s a function is heavily rooted in prospecting, qualifying, selecting, and onboarding suppliers digitally. But, what is Source-to-Pay? procurement #purchasing #language #supplychainmanagement.

Procurement 87

Procurement Supplier relationship management Eprocurement Suppliers 87

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. Above $1 billion businesses are typically a target of established, enterprise source-to-pay and source-to-contract suites.

supply chain software solutions 52

supply chain software solutions Contract management Contract Sourcing 52

Pipefy

JANUARY 11, 2023

Complex purchasing systems (31%). In order to alleviate the pressure on supply chains and get ahead of any interruptions, procurement transformation is necessary for improving strategic sourcing, supplier management, and demand forecasting. Learn more about strategic sourcing optimization.

Strategy 52

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

Supply Chain Game Changer

NOVEMBER 12, 2019

I joke often by saying when I started there were buyers and planners and it was called Purchasing and Planning. Now we have Supply and Demand Planners, Commodity Managers and Sourcing, Logistics not the shipping department, and Forecasting is now done by Supply Chain Data Scientists.

Leadership 42

Leadership supply chain software solutions Supply chain Purchase orders 42

Supply Chain Game Changer

MAY 12, 2020

This interview is with Danny Wang, Vice President of Sourcing and Procurement at Canada Goose. We worked in the Commodity Management organization, responsible for Strategic Sourcing and Procurement. I first met Danny when we were both at Celestica. Tell our readers a little about your background and experience?

Leadership 66

Leadership Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 66

Supply Chain Game Changer

JUNE 25, 2019

Without Procurement, or Purchasing, most organizations could not even function. But too often Procurement is not recognized for the value, both tactical and strategic, that it provides each and every day. At it’s core both jobs involve Strategic Sourcing and Purchasing, or Procurement. Hey Procurement!

Category management 51

Category management Supply chain Supply chain management Supply chain management 51

Supply Chain Game Changer

MAY 8, 2019

One way or the other, eSourcing is still utilized as a support, or e-enablement to the strategic sourcing cycle, which means it’s a function is heavily rooted in prospecting, qualifying, selecting, and onboarding suppliers digitally. But, what is Source-to-Pay? And What is Purchasing? What Exactly Is Procurement?

Procurement 50

Procurement Supplier relationship management Eprocurement Suppliers 50

Empowering CPO

JUNE 21, 2023

Companies relied heavily on physical documentation, such as invoices and purchase orders, to gather data. Data Collection and Integration Tools: These tools are designed to automate the process of data collection from various sources such as invoices, purchase orders, and contract data.

Real-time Visibility 52

Real-time Visibility Data Procurement Strategic sourcing 52

Empowering CPO

JUNE 25, 2023

Technological advancements have revolutionized procurement, transforming it from a tactical function into a strategic, value-adding operation. From automated purchase order creation to electronic invoice processing, automation has freed procurement professionals from mundane tasks, allowing them to focus on strategic activities.

Procurement 52

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

Supply Chain Game Changer

NOVEMBER 17, 2018

It was not until later in the 1980s that the loose federation between planning, purchasing, manufacturing, and logistics started coming together as an end-to-end entity called supply chain. S&OP, sourcing maturity, logistics and network optimization, organizational development, and change management are very common areas for our clients.

Leadership 74

Leadership Supply Chain Optimization Supply chain Sustainability 74

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. Procurement professionals had to sift through piles of invoices, purchase orders, and receipts to manually categorize and analyze spending patterns.

Real-time Visibility 40

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

Supply Chain Game Changer

JUNE 2, 2020

Both involve Change Management. The first one is for the teams I’ve been fortunate to lead, and the second is a personal change management story. From the early days of my career, the purchasing and manufacturing function has changed both from the inside-out and from the outside-in. I have two stories.

Leadership 61

Leadership Strategy Supply Chain Efficiency supply chain software solutions 61