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. In fact, 71% of all companies said the cost of raw materials is the biggest threat to their supply chain in 2023. from February 2020 to August 2022.

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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.

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Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

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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Procurement solutions Procurement e2e supply chain software solutions 52

Spend Matters

DECEMBER 21, 2023

AI can help create greater efficiency and value across all source-to-pay processes, including spend analysis, opportunity identification, sourcing and contract management, category management, supply relationship management and risk management.

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Arkestro

MARCH 27, 2024

After years of focusing on cost reduction, the majority of procurement leaders say they plan to spend more and increase workloads in 2024, meaning procurement buyers will have more power to influence change and optimize spend across the entire supply chain. You can unsubscribe at any time. Subscribe to news from Arkestro.

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The Procuretech Podcast

OCTOBER 3, 2022

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 . Today's guest is a big personality in the supply chain space: Dr. Muddassir Ahmed, CEO of SCM Dojo. . This takes consultation and a lot of time.

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

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

Empowering CPO

JUNE 26, 2023

Spend analysis refers to the process of examining and categorizing an organization’s spending patterns, supplier relationships, and purchasing behavior to identify opportunities for cost reduction, process improvement, and strategic decision-making.

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supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Supplier consolidation 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

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

Una

JULY 6, 2022

Benefits of a Group Purchasing Organization. A guide to exploring the benefits of working with a group purchasing organization to save money, time and effort. A group purchasing organization leverages the collective purchasing power of thousands of businesses to secure lower prices for their members. Cost Savings.

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Purchasing Category management Real-time Visibility Supply Chain Efficiency 92

ivalua

MARCH 9, 2023

Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. ​ Upstream covers all the strategic procurement activities such as spend analysis, sourcing, contract management and supplier management (which includes supplier information, risk and performance management).

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Pipefy

JANUARY 30, 2024

Improvements to existing procurement processes, procedures, and operations are as time-sensitive as ever. That’s where procurement, sourcing, and purchasing technology comes in. Learn about six solutions that can be applied in 2024, why you should apply them, and how to get started.

Agile and Lean Supply Chain 52

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

Procurement Software

MARCH 5, 2024

If you want to search the whole range of procurement tech companies out there beyond just startups, then check our our free software directory. Focal Point Focal Point is a growing Atlanta-based procurement startup offering a unique solution tacking three different challenges within procurement.

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Real-time Visibility supply chain software solutions Procurement 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. Document-centric BPM is for efficiently managing documents and content—such as contracts—within processes.

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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. What is inflation?

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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. If you want to search the whole range of procurement tech companies out there beyond just startups, then check our our free software directory. Procuretech in Europe is buzzing right now.

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Supply Chain Efficiency supply chain software solutions Procurement Real-time Visibility 59

Procurement Software

FEBRUARY 6, 2024

Then check our our free software directory. If you’re a consultancy, an investor, or a solution provider and need to do deeper analysis of the market, we also offer subscriptions to our back end database. The company offers a simple and competitively priced contract management solution.

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Procurement supply chain software solutions Supply Chain Efficiency Negotiation 52

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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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. In fact, 98% have plans for investments or upgrades in analytics and insights tools, automation, and AI-driven optimization of purchasing decisions.

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Pipefy

JUNE 15, 2023

This is especially true for leaders and teams wanting to become much more agile and resilient in light of the challenges created following recent supply chain disruptions. Procurement organizations are primarily measured by cost savings, making it imperative for them to reduce purchase prices as much as possible.

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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. Some of the key benefits include: 1.

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Procurement Software

JANUARY 23, 2024

If you want to search the whole range of procurement tech companies out there beyond just startups, then check our our free software directory. Inhubber Inhubber is a contract management and digital signature platform powered by blockchain and AI. Elena Mechik Date Founded: 2019 Visit Inhubber profile in our Software Finder 2.

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

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. By proactively addressing these risks, procurement teams can ensure a stable and resilient supply chain.

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Procurement Software

JULY 4, 2023

It also provides real-time data and analytics that can be used to improve purchasing decisions. Procurement technology, or procuretech, refers to software which powers these digital tools which automate and streamline procurement. It can also provide real-time data and analytics.

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Supply Chain Efficiency supply chain software solutions Procurement supply chain budgeting 52

Spend Matters

JUNE 19, 2023

Data Modeling The ability to build more sophisticated analyses on cost drivers, demand, contracts, working capital, risk, supply chain and overall procurement performance while maintaining data that is flexible and rich enough to fully support this type of spend analytics.

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IBM Supply Chain Blog

JUNE 30, 2023

To do that, technicians, facility managers, maintenance teams, reliability engineers and project managers need accurate, real-time information at their fingertips. A CMMS automates critical asset management workflows and makes them accessible and auditable. Let’s explore these in more depth.

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Management supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 65

Empowering CPO

JUNE 25, 2023

Whether it’s raw materials for manufacturing, software for operations, or services for customer support, procurement is the bridge that connects businesses to the resources they need to function and grow. Globalization has made supply chains more complex and harder to manage.

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Supply Chain Game Changer

FEBRUARY 5, 2020

Subscribe to Supply Chain Game Changer. What’s the Difference between Procurement and Purchasing? There are many reasons why Procurement Transformations fail, however, the below 3 keep coming up time and time again. Subscribe Here! Email Address. Infographic). Failure To Hire the Right Leader For the Job.

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Procurement Agile and Lean Supply Chain supply chain budgeting Negotiation 70

Supply Chain Game Changer

DECEMBER 13, 2018

What’s the Difference between Procurement and Purchasing? There are many reasons why Procurement Transformations fail, however, the below 3 keep coming up time and time again. Too often companies will underestimate the leadership and experience needed to lead and manage a successful Procurement Transformation.

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Procurement Agile and Lean Supply Chain Negotiation Procurement team 59

Empowering CPO

JUNE 27, 2023

It provides a comprehensive view of an organization’s purchasing activities, enabling better control over expenditures, improved supplier management, and increased operational efficiency. Improved Supplier Management: By analyzing spend data, organizations gain visibility into their supplier relationships and performance.

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