ivalua

FEBRUARY 27, 2023

It also has an impact on procurement teams as they are responsible for managing supplier relationships, identifying opportunities for cost savings, and ensuring that goods and services are delivered on time and within budget. This ensures contracts remain favorable and all stakeholders comply with negotiated terms.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

Arkestro

APRIL 25, 2023

The workforce shortage reached half a million this year , and many sectors continue to grapple with increased lead times, and volatile material costs. At the same time, the number of young, able-bodied construction workers has decreased by 8% over the past decade, further exacerbating the industry’s labor shortage.

Supply Chain Efficiency 52

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

Zycus Cognitive Procurement

OCTOBER 20, 2022

In broader terms, cognitive procurement can augment all parts of procurement, such as identifying potential suppliers, automating the contract management process, and creating a touchless procurement experience. By considering a more comprehensive range of data points, AI helps identify the best suppliers and negotiate the best terms.

Real-time Visibility 59

Real-time Visibility Procurement Procurement team Risk 59

Spend Matters

DECEMBER 21, 2023

The era of intelligent procurement We expect 2024 to be the year of intelligent procurement, driven by AI, automation and data analytics. For example, in spend analysis, GenAI offers superior data normalization, savings opportunity detection, forecasting and natural language querying that makes deriving insights effortless.

Procurement solutions 83

Procurement solutions Procurement e2e Real-time Visibility 83

Jaggaer

NOVEMBER 12, 2019

The result has been isolated applications, e.g. for supplier management and for P2P working in parallel with siloed data sets and limited or no synergy. In the worst-case scenarios, this can lead to arguments about whose data is the “truth”. Solutions that provide better alignment between supply chain and procurement management.

Collaboration 78

Collaboration Suppliers Data supply chain software solutions 78

IBM Supply Chain Blog

FEBRUARY 13, 2024

Such analysis and decision-making are often optimized with the help of various technologies, including artificial intelligence tools and data analytics platforms. Near-sourcing, in addition to lowering emissions, also cuts transportation costs and delivery times. 3 Building a viable and sustainable ecosystem of partners is complex.

Strategic sourcing 86

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 86

Arkestro

MARCH 27, 2024

Regardless of industry, procurement buyers fulfill their role by finding the best suppliers, negotiating contracts, and identifying the most cost-effective, timely procurement of goods. Market analysis: Researching market trends, pricing, and industry events to make informed, data-driven decisions.

Buyers 52

Buyers Supply Chain Efficiency supply chain budgeting Procurement 52

Empowering CPO

JULY 5, 2023

Integrating technology into procurement processes is not just about keeping up with the times; it’s about realizing the potential for enhanced efficiency, accuracy, transparency, and strategic decision-making. Digital transformation in procurement is no longer a luxury but a necessity.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Real-time Visibility 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

Bonfire

APRIL 3, 2023

For many of them, their organizations have invested a lot of time and money in ERP systems that do many things well and are there to stay. Limited supplier reach: ERP systems don’t go far enough when it comes to reaching and managing suppliers. Here are the specific areas where they tend to fall short: 1.

Eprocurement 52

Eprocurement Bidding Strategic sourcing Strategic sourcing 52

Pipefy

MAY 23, 2023

Because of this, carrying out its operations manually is time-consuming and incredibly expensive for businesses. Savvy leaders are quickly adopting e-procurement solutions to lower the time, costs, silos, and strained supplier relationships that plague manual operations.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

Empowering CPO

MAY 5, 2023

It is responsible for managing the entire process of acquiring goods and services, from identifying suppliers to ensuring timely deliveries. In essence, procurement serves as the backbone of an organization’s supply chain, contributing to cost savings, risk management, and supplier relationship management.

Supply Chain Efficiency 52

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

Jaggaer

JUNE 11, 2020

With the current global economic circumstances, it should come as no surprise that businesses across all industries are looking for real time solutions to aid their procurement process by identifying cost reduction and spend management opportunities as a priority. Gather and consolidate all data into a central database.

Real-time Visibility 52

Real-time Visibility Procurement Spend management Supply Chain Efficiency 52

Zycus Cognitive Procurement

FEBRUARY 8, 2022

AI software can take into account all your needs in terms of products needed for the office supplies, any specifications for those products, and then give suggestions for your next best contract or supplier base to work with or manage, this will shorten your time spent on sourcing and help to ensure you’re getting the best deal possible.

Real-time Visibility 40

Real-time Visibility Procurement Contract management Bidding 40

Empowering CPO

JULY 2, 2023

This involves everything from identifying requirements and sourcing suppliers to negotiating contracts, placing orders, and managing supplier relationships. In essence, it’s a critical business function that ensures the right goods and services are available at the right time, in the right quantities, at the right price.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Spend Matters

JUNE 19, 2023

They also improve access to contract information and drive more effective and timely purchasing decisions through the re-use of information to create contract terms and notifications of when to take critical actions. Data is refreshed every six months. Participation for vendors is completely non-commercial.

Contract 89

Contract Management Negotiation Real-time Visibility 89

Let's Talk Supply Chain

NOVEMBER 2, 2022

We wrapped up our “Tomorrow’s Insights Delivered Today” mini-series with Sifted back in September and it was a real success. 07.02] Some of the key challenges when it comes to contract monitoring, what Sifted have seen with their clients, and the impacts of those challenges industry-wide. Check out our other podcasts HERE.

Contract 52

Contract Supply Chain Efficiency Supply Chain Optimization Contract management 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

Empowering CPO

JUNE 26, 2023

With our deep understanding of the unique challenges and intricacies of healthcare procurement, we have honed our expertise to help healthcare organizations unlock the potential within their spending data. Data-Driven Decision-making: Informed decision-making is crucial in healthcare.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Supplier consolidation 52

Empowering CPO

JULY 16, 2023

Our services range from spend analysis and supplier relationship management to contract management, strategic sourcing, and e-procurement solutions. It involves the process of identifying, selecting, acquiring, and managing resources that a business needs to fulfill its operations and meet its goals.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Planergy

MARCH 2, 2023

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. Tail spend analysis helps companies identify areas of spend that are falling through the cracks and gain visibility into their overall spending.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Real-time Visibility supply chain software solutions 52

Empowering CPO

JUNE 30, 2023

Introduction Have you ever wondered how much time, effort, and money your company spends on procurement? With today’s increasing business complexity and the pressure to do more with less, it’s time to explore how managed procurement services can transform your business. Allow us to introduce ourselves.

Management 40

Management Procurement Real-time Visibility Supply Chain Efficiency 40

Jaggaer

FEBRUARY 14, 2019

S2P solutions provide other opportunities such as risk avoidance in terms of contract management, smarter data analytics and more intuitive supplier management (with the help of AI-enabled capabilities). Enhanced Visibility: A S2P solution will allow you to leverage data across the enterprise.

Purchasing 49

Purchasing Sourcing Real-time Visibility Budget 49

Empowering CPO

JULY 16, 2023

Our services range from spend analysis and supplier relationship management to contract management, strategic sourcing, and e-procurement solutions. It involves the process of identifying, selecting, acquiring, and managing resources that a business needs to fulfill its operations and meet its goals.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

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. It also facilitates data collection, which can be used for analytics and strategic decision-making.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Empowering CPO

JULY 3, 2023

These strategies, leveraging cutting-edge technologies, data-driven insights, sustainable practices, and strategic supplier relationships, are transforming the way businesses manage their procurement functions. EmpoweringCPO is not just about managing procurement operations; we are about reshaping them.

Innovation 52

Innovation Strategy Procurement Management 52

Procurement Software

APRIL 25, 2023

Indeed, in the current inflationary environment, it’s procurement that has real power to move both the top and bottom line. Therefore, now is the time for all businesses to embrace the benefits of digital procurement software. Whether it’s visibility over your processes, enhancing your data , or contract management software.

supply chain software solutions 52

supply chain software solutions Procurement Real-time Visibility supply chain budgeting 52

Claritum

MAY 11, 2018

Your business could struggle to achieve visibility of its global supply chain. Without good visibility, maximising the benefits from global sourcing is impossible, as it is impossible to track exactly how much is being spent. Do you have visibility of a global supply chain? Do you have visibility of a global supply chain?

Global sourcing 32

Global sourcing Sourcing Chief Procurement Officer Real-time Visibility 32

Pipefy

JANUARY 31, 2023

This complexity creates headaches for procurement teams and fuels an error-prone and resource-consuming approval loop that obstructs visibility into the approval process. If this step is not centralized or if it’s being manually processed, it can become very time-consuming. Below are six signs of an inefficient approval process.

Purchasing 52

Purchasing Purchase orders Real-time Visibility e2e 52

Procurement Software

JUNE 20, 2023

The contract management software market is hot right now. Organisations seem to have finally realised that they’ve suffered from having a “desk drawer” approach to contracts. Being able to manage your contracts in one place, author them, approve them and sign them is a massive productivity boost.

Contract management 52

Contract management Contract e2e Management 52

Empowering CPO

JUNE 16, 2023

Spend Analysis is the process of collecting, cleansing, classifying, and analyzing expenditure data with the purpose of reducing procurement costs, improving efficiency, and monitoring compliance. At its core, Spend Analysis is a systematic process for collecting, classifying, and analyzing expenditure data. What is Spend Analysis?

Procurement 40

Procurement Data Real-time Visibility Procurement strategies 40

HICX

DECEMBER 15, 2022

And yet, the process allowed this company to be picked because it didn’t provide visibility to the procurement people about that supplier’s poor track record in the past.” . I think that we’re actually experiencing, and we’ll continue experiencing, that accelerated pace of real transformation.”.

Procurement 52

Procurement supply chain software solutions Real-time Visibility Suppliers 52

ivalua

JANUARY 24, 2022

How do Chief Procurement Officers and their teams leverage digital transformation to take control of their data and better deliver against their strategic objectives? . Johan, can you give us a bit of background on the digital transformation journey at Booz Allen and the role of data? What role did data play on a day-to-day basis?

Data 130

Data Real-time Visibility Procurement Supply Chain Efficiency 130

Zycus Cognitive Procurement

FEBRUARY 21, 2022

Learn More: Source-to-Pay-Automation ; The challenges are real and the stakes could not be higher with procurement, accounts payable (A/P), and finance all depending on accurate, on-time payments. Now that you’ve decided to automate your source-to-pay process, it’s time to start planning. Gather from Experience.

Sourcing 40

Sourcing Real-time Visibility Supply Chain Efficiency Suppliers 40

SCMDOJO

AUGUST 21, 2023

This extensive reach provides businesses with the opportunity to connect with various demographics and target markets, enabling them to broaden their brand’s visibility and potential customer base significantly. Eric masterfully elucidates how AI augments ERP systems, revolutionizing data-driven decision-making within supply chains.

Supply Chain Optimization 97

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 97

Pipefy

JANUARY 30, 2024

Improvements to existing procurement processes, procedures, and operations are as time-sensitive as ever. In the 2024 State of Procurement Data Report by Amazon Business, 95% of decision-makers surveyed acknowledge that there’s room for procurement optimization. That’s where procurement, sourcing, and purchasing technology comes in.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Real-time Visibility Supply Chain Efficiency 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. Through BPM, disparate data sources—including spend data, internal performance metrics and external market research—can be connected.

Real-time Visibility 60

Real-time Visibility Management e2e Supply Chain Efficiency 60