World of Procurement blog

MAY 8, 2024

What is Procurement? Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations.

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World of Procurement blog

MAY 10, 2024

The Promise of AI for Procurement Teams Artificial intelligence (AI) has the potential to transform and revolutionize procurement processes. By leveraging technologies like machine learning, natural language processing, and neural networks, AI-driven solutions can help procurement teams work smarter, faster, and more efficiently.

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Procurement Heads

JANUARY 30, 2023

For the latest of Procurement Heads ‘ Futureheads series, Harsh spoke to Dan Goodson about his procurement career journey. I am an IT Buyer and procure software and hardware. You’ve previously worked on the supply chain side of retail, how much of a shift was it to procuring IT for a leading infrastructure company?

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Procurement Software

APRIL 25, 2023

This blog post is based on a video interview I gave about digital procurement back in January in Dubai with Dr. Muddassir Ahmed of SCMDOJO. Why procurement technology’s growth is not with enterprise suites Procurement technology is no longer the sole preserve of large enterprises. Change management is key.

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

Arkestro

MARCH 27, 2024

Resources / Blog / Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Buyers have always played an important role in the procurement industry, helping organizations obtain goods and maintain a careful balance of speed, cost-efficiency, and quality.

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Arkestro

APRIL 25, 2023

Resources / Blog / Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Construction companies face a host of challenges in the post-COVID era. What Procurement Challenges Do Construction Companies Face?

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Spend Matters

DECEMBER 21, 2023

Spend Matters is publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and services providers in the market. Today, for procurement organizations too, applying an AI-first approach has become imperative, especially in the source-to-pay process.

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SCMDOJO

AUGUST 21, 2023

Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supply chain!” In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. Discover the Top 10 TikTokers reshaping how you view supply chains.

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Pipefy

MAY 23, 2023

In its long history , procurement has evolved from self-contained purchasing entities to an essential business partner handling processes involving several departments and many subprocesses. Because of this, carrying out its operations manually is time-consuming and incredibly expensive for businesses.

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Empowering CPO

JULY 5, 2023

Introduction Welcome to our exploration of a fascinating convergence shaping the future of business operations: the intersection of technology and managed procurement services. Before we dive in, let’s first set the stage by discussing EmpoweringCPO, a leader in the field of managed procurement services.

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Empowering CPO

JULY 2, 2023

Introduction Welcome to our latest discussion on a crucial facet of business operations: Managed Procurement Services. If you’re new to the term, Managed Procurement Services refers to the outsourcing of a company’s procurement functions to a specialized firm.

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HICX

DECEMBER 15, 2022

For this episode of the Supplier Experience Live Podcast, we were joined by David Yarkin , Founder and CEO of Procurated , and a former CPO. David is a procurement practitioner who has spent nearly twenty years working in a number of organizations both in the public and private sectors. Digital transformation in procurement.

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The Procuretech Podcast

OCTOBER 3, 2022

We're continuing our series of interviews with industry experts and thought leaders to get their take on digital procurement. In this episode, we're going to extend that a little bit and talk about supply chain. Democratising Supply Chain Training - Dr. Muddassir Ahmed from SCM Dojo . guides, easy to read lists. .

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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. The Fundamentals of the Process.

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Jaggaer

NOVEMBER 12, 2019

Most software vendors have taken an applications-driven approach to delivering solutions. They have identified the main challenges faced by procurement professionals and developed applications that address those specific challenges. Solutions that provide better alignment between supply chain and procurement management.

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Empowering CPO

JUNE 27, 2023

One area where digital transformation has had a profound impact is in procurement, and specifically, in the realm of spend analysis. Procurement is a strategic function that encompasses the acquisition of goods and services required to support an organization’s operations.

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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. It’s an important part of any organization’s financial management, as it helps identify wasteful spending and uncover potential savings.

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Empowering CPO

JUNE 26, 2023

This is where spend analysis steps in as a powerful tool to help healthcare organizations gain deep insights into their procurement activities. This unique landscape presents numerous challenges and complexities for healthcare organizations when it comes to managing their procurement activities effectively.

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Claritum

MAY 11, 2018

Claritum Article - Procurement Blog. 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?

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Procurement Templates

JUNE 18, 2023

ChatGPT Inflation refers to the general increase in prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. Inflation occurs when there is an imbalance between the supply and demand of money and goods. Money buys less than before How should procurement manage inflation?

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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.

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Procurement Software

MARCH 5, 2024

US procurement startups are killing it. It’s no surprise that in the home of big tech, Silicon Valley and seemingly endless VC investors, there’s a thriving and diverse procurement tech ecosystem. Let’s have a look at the who’s who in the American procurement startup space. Hot diggity dawg!

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Procurement Software

FEBRUARY 6, 2024

Nordic Europe has a long tradition for being innovative, and Nordic procurement startups are no exception. We’ve got the definitive lowdown on 10 procuretechs from Europe’s chilly northern reaches, who are heating up the digital procurement ecosystem. Then check our our free software directory.

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Procurement Software

FEBRUARY 20, 2024

European procurement software startups are growing fast, and we’re constantly seeing new ones landing onto the scene. Lots of European procurement tech startups are still in early or growth phase. Lots of European procurement tech startups are still in early or growth phase. Key Data: Founder / CEO: Gregory N.

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ivalua

MARCH 9, 2023

Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. ​ It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. What is Source-to-Pay?

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Spend Matters

FEBRUARY 22, 2024

With the advent of AI, and especially generative AI within that broader term, and the continued globalization of supply chains, the pace of change has sped up, forcing businesses and workers to adjust quickly. That alone increases efficiency,” he continued.

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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. BPM software can automate repetitive tasks such as claim intake, validation, assessment, and payment processing—using technology such as Robotic Process Automation (RPA ).

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Pipefy

JUNE 15, 2023

As businesses complete their digital transformation and move away from complex (and often manual) legacy systems, modern procurement solutions are rapidly replacing traditional methods. Build a more efficient procurement with the Definitive Guide to P2P Optimization Download free guide What is cloud procurement?

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Pipefy

NOVEMBER 24, 2023

Many organizations have implemented software automation tools that allow them to get more done at a lower cost, but procurement is one area that has lagged behind in this trend. According to Amazon’s 2024 State of Procurement report, 95% of decision makers believe that procurement has room for optimization.

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Empowering CPO

MAY 4, 2023

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. Advantages of digital procurement systems The digital transformation of procurement processes offers numerous advantages to businesses.

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Procurement Software

JANUARY 23, 2024

From the capital and beyond, German procurement startups are chipping away at a conservative business culture, making leaps and bounds towards modernising our profession. Our other article on 25 hottest European procurement startups features those German startups making waves way beyond their borders.

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ivalua

FEBRUARY 25, 2021

ERP vs. Best-in-Class for Healthcare Supply Chain Management? Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts.

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Empowering CPO

MAY 6, 2023

The Evolving Role of Procurement in Businesses In today’s rapidly changing business landscape, procurement has emerged as a strategic function that goes beyond merely purchasing goods and services. This enables procurement teams to focus on strategic activities that contribute to the company’s growth and success.

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Empowering CPO

JUNE 25, 2023

Understanding Procurement and its Business Significance At the heart of every thriving business is an effective and efficient procurement process. Procurement, in its simplest form, is the process by which businesses acquire the goods, services, or works they need from external sources.

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Empowering CPO

MAY 8, 2023

Importance of Risk Management in Procurement Procurement plays a critical role in the success of any organization, as it involves acquiring goods and services necessary for business operations. Understanding Procurement Risk A. Introduction A.

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Procurement Software

JULY 4, 2023

Digital procurement tools offer buying teams a once-in-a-generation opportunity. What is digital procurement? Digital procurement is a process where technology is used to streamline the procurement process, both operational and strategic. What is procurement tech? It can also provide real-time data and analytics.

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Una

JULY 6, 2022

A guide to exploring the benefits of working with a group purchasing organization to save money, time and effort. GPOs also bring balance to the negotiating equation because they already have relationships and contracts in place with vendors and suppliers. How to Improve the Procurement Process & Increase Cost Savings.

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