World of Procurement blog

MAY 8, 2024

Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. The procurement team manages the order, monitors quality, ensures on-time delivery, processes invoices, and handles any issues that arise during fulfillment. Purchasing's value-add is more limited. Purchasing interacts mainly with suppliers.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Claritum

JULY 11, 2018

To make effective decisions about indirect spend, it is important to understand the scope and breadth of the category – visibility. In this case there is a need to capture the data in real time in the first instance. In this case there is a need to capture the data in real time in the first instance.

Real-time Visibility 36

Real-time Visibility Category management Purchasing Contract 36

Claritum

JULY 11, 2018

To make effective decisions, It is important within any spend category to understand the scope and breadth of the category – visibility. In this case there is a need to capture the data in real time in the first instance. In this case there is a need to capture the data in real time in the first instance.

Real-time Visibility 32

Real-time Visibility Category management Purchasing Contract 32

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. Greater transparency: Real-time tracking of procurement activities allows for better monitoring and control of the entire process.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Empowering CPO

JULY 5, 2023

Procurement, which refers to the process of finding, acquiring, and buying goods, services, or works from an external source, often via a tendering or competitive bidding process, plays a critical role in determining a company’s efficiency and profitability. This is where managed procurement services come into the picture.

Management 52

Management Procurement Real-time Visibility Ethics 52

Empowering CPO

JUNE 14, 2023

At its core, procurement is the process of finding, agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. 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

Procurement Software

MARCH 11, 2022

Below are 5 ideas of ways to extract real savings from your tail spend while improving your overall purchasing governance. Implement a competitive bidding policy. One time purchases (such as project spend) can take up a lot of procurement time. Secondly, it also enables Procurement to free up their time.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

Below are 5 ideas of ways to extract real savings from your tail spend while improving your overall purchasing governance. Implement a competitive bidding policy. One time purchases (such as project spend) can take up a lot of procurement time. Secondly, it also enables Procurement to free up their time.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Insights

APRIL 3, 2025

specializes in leveraging artificial intelligence to optimize supply chain operations, with a strong emphasis on real-time data analytics and demand sensing. By analyzing historical and real-time data, it helps businesses anticipate fluctuations, reducing overstocking or stockouts. ThroughPut.ai ThroughPut.ai ThroughPut.ai

Supply Chain Efficiency 52

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

Supply Chain Collaborator

AUGUST 3, 2018

Spot Quote Bid Reporting – providing competitive bidding for spot quotes and leveraging the data captured to understand what the market will actually bear instead of simply accepting “market rates” as defined by the carrier base. Especially useful for food shippers during production peaks in a tight capacity environment.

Dwell Time 87

Dwell Time Real-time Visibility Competitive bidding Bidding 87