ivalua

JULY 11, 2022

New release features AI-powered contract management, more seamless messaging and communications, supplier risk and performance enhancements and procure-to-pay efficiency . AI-powered contract management. On the AI front, Ivalua enhanced its leading CLM solution with AI-Powered Contract Data Capture.

Supply chain resilience 130

Supply chain resilience Collaboration Supply Chain Efficiency supply chain budgeting 130

Procurement Tactics

MARCH 16, 2023

It aims to ensure that the goods and services that the business needs are delivered on time and purchased within the budget. Additionally, it involves a careful analysis of supplier selection, payment terms, contract negotiation, and acquisition of goods. It can also help you with contract management and compliance processes.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

World of Procurement blog

APRIL 23, 2024

Procurement analytics is the process of collecting, processing, and analyzing data related to an organization's purchasing activities to improve efficiency, reduce costs, and provide valuable insights into supply chain operations. This can be broken down by suppliers, departments, or individual goods and services.

Procurement 52

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

World of Procurement blog

APRIL 23, 2024

Procurement analytics is the process of collecting, processing, and analyzing data related to an organization's purchasing activities to improve efficiency, reduce costs, and provide valuable insights into supply chain operations. This can be broken down by suppliers, departments, or individual goods and services.

Procurement 52

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

The Procuretech Podcast

MARCH 1, 2022

Kicking off this week with the first of a number of interviews we'll be doing over the next couple of months with contract management platforms. This is a rapidly expanding area and it's gone from simply being repositories and authorisation / signature software into becoming a very diverse ecosystem over the past few years.

Contract management 40

Contract management Contract Management supply chain software solutions 40

World of Procurement blog

APRIL 23, 2024

Electronic Procurement (e-Procurement) Systems Electronic procurement platforms streamline the purchasing process by allowing businesses to automate operations such as order placement, invoicing, and payment processing. They also facilitate quicker contract retrieval and revision.

Supply Chain Efficiency 52

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

World of Procurement blog

APRIL 23, 2024

Electronic Procurement (e-Procurement) Systems Electronic procurement platforms streamline the purchasing process by allowing businesses to automate operations such as order placement, invoicing, and payment processing. They also facilitate quicker contract retrieval and revision.

Supply Chain Efficiency 52

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

ivalua

FEBRUARY 10, 2023

You can also use its eSourcing solution to create RFPs, receive bids from qualified suppliers, analyze supplier performance and manage contracts in one place. Ivalua’s Contract Management module allows you to easily track milestones and consumption in real time across multiple agreements.

Price 264

Price Strategy Sourcing Real-time Visibility 264

World of Procurement blog

APRIL 23, 2024

Understanding Procurement Technology Procurement technology refers to the software and systems that automate and streamline procurement processes for businesses, covering everything from sourcing materials and services to managing contracts and analyzing spending. Software like Concord and Agiloft comes to mind.

Procurement 52

Procurement Supply Chain Efficiency Real-time Visibility Purchase orders 52

Procurement Software

APRIL 2, 2024

But often, those who aren’t familiar with the procurement software market mistakenly overestimate the cost. You don’t need a 6-figure software budget or a large sum to hire consultants for implementation. There’s plenty of digital procurement solutions out there for every budget.

supply chain budgeting 52

supply chain budgeting supply chain software solutions Procurement Budget 52

Procurement Tactics

JULY 2, 2023

A formal contract document that contains the detailed requirement for purchasing and obtaining goods and services, a job order is utilized with a view to ensuring that the desired goods or services are acquired in an orderly and efficient way. There are various tools and software that provide a template to create a job order document.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

Procurement Heads

JANUARY 30, 2023

I am an IT Buyer and procure software and hardware. I am responsible for the purchasing activities of Balfour Beatty on a large scale worth millions of pounds and have to make important decisions on what to recommend to our internal stakeholders and CIO. My role also involves ad-hoc IT renewals and managing this process.

supply chain budgeting 130

supply chain budgeting supply chain software solutions Negotiation Real-time Visibility 130

Procurement Tactics

JUNE 19, 2023

Traditionally, to take on a role in procurement, you need a Bachelor’s degree or master’s degree in a field such as purchasing management or supply chain management. Adding all relevant documents and information to a centralized management portal that is accessible to all teams.

Procurement 201

Procurement Collaboration Procurement strategies supply chain software solutions 201

Procurement Tactics

AUGUST 31, 2022

A great e-invoicing software will have numerous levels of security measures to safeguard records and confidential information from hackers. . Using e-invoice software can minimize late payments. Features of E-Invoicing Software. Managing old invoices is difficult. E-Invoicing Software Tools in 2022.

supply chain software solutions 130

supply chain software solutions Procurement supply chain budgeting Supply Chain Efficiency 130

IBM Supply Chain Blog

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. Tasks such as vendor selection criteria, contract management and compliance initiatives should be clearly defined.

Procurement strategies 73

Procurement strategies Strategy Procurement Supply Chain Efficiency 73

NLPA (Next Level Purchasing Association)

JULY 20, 2023

To new members of a Procurement & Purchasing team, it’s important to understand the role of managing spend and its impact on organizational success. At its core, managing spend refers to the process of strategically controlling and optimizing the financial resources allocated for procurement and purchasing activities.

Management 40

Management supply chain budgeting supply chain software solutions Spend management 40

Procurement Insights

FEBRUARY 17, 2024

However, the same individual concluded, “One strategic business thinker with the right skills and capabilities is worth 10 or 12 of your normal, run-of-the-mill purchasing people.” There is more to e-procurement than software! 2007 – Commonwealth of Virginia ’s eVA – Yes, Virginia!

supply chain software solutions 62

supply chain software solutions Supply Contract management Supply chain 62

World of Procurement blog

APRIL 24, 2024

This process encompasses all activities involved in sourcing, acquiring, and managing the resources necessary for an organization's operations. It's a multifaceted journey from identifying the need for a product or service to the final steps of contract closure and post-purchase evaluation.

Supply Chain Efficiency 52

Supply Chain Efficiency Ethics Procurement Sustainability 52

Una

JULY 26, 2022

In turn, this opens the door to huge cost savings through the identification and management of maverick spend , supplier consolidation, and the ability to spot patterns and extract insights that will lead to better purchasing decisions. Contract auto-renewals. 5 Essential Technology Solutions for Businesses. Get in Touch.

supply chain software solutions 98

supply chain software solutions Supplier consolidation Purchasing Contract 98

Let's Talk Supply Chain

MARCH 23, 2023

With a decade hallmarked by disruption, consumers are more aware of supply chain and how industry shortages, talent gaps, and climate events impact their daily lives and local communities. One dialogue that is still catching fire is how closing the gender gap in supply chain can help the industry build its ranks and agility.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions Supply chain 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. Below we’ll cover digital procurement solutions, essential features, and their benefits for optimized digital procurement workflows.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. Sourcing plays a crucial role in building strong supplier relationships and achieving cost-effectiveness in the supply chain. Purchasing: Purchasing is the act of buying goods or services from suppliers or vendors.

Procurement 97

Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 97

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

With the increasing complexity of supply chains and the growing importance of sustainability and social responsibility, the role of procurement professionals has become more critical than ever. However, failing to strategically measure purchasing performance can have significant impacts.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

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. . He then moved to the UK for a PhD scholarship.

supply chain software solutions 40

supply chain software solutions supply chain budgeting Supply chain Supply 40

Procurement Software

MARCH 19, 2024

It will take time before we have dedicated generative AI-driven procurement software. Generative AI’s current impact in procurement is best illustrated by tech-savvy procurement category managers leveraging apps like ChatGPT and Bard to streamline the execution of routine tasks. Let’s look at each one separately.

Procurement 52

Procurement Category management supply chain software solutions Data 52

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. But what does a procurement buyer do, exactly? Subscribe to news from Arkestro.

Buyers 52

Buyers Supply Chain Efficiency supply chain budgeting Procurement 52

Procurement Tactics

AUGUST 24, 2022

Usually, organizations like supplier networks due to the following reasons: Reduced purchasing cycle times. Improved contract terms. Contract management. This reduces contract violation that starts from miscommunication regarding the contract. . Reduced purchasing cycle times. Editor's note: Hi there!

Networking 130

Networking Suppliers Buyers supply chain budgeting 130

Arkestro

APRIL 25, 2023

In fact, 71% of all companies said the cost of raw materials is the biggest threat to their supply chain in 2023. Procurement professionals are under pressure to find cost-effective solutions that fit within budgets, all while maintaining quality standards and meeting other important project requirements.

Supply Chain Efficiency 52

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

Procurement solutions 87

Procurement solutions Procurement e2e Real-time Visibility 87

Procurement Software

NOVEMBER 28, 2022

This statistic comes from a recent article all about the procurement analytics software market and its potential to explode in terms of growth. In other words, I would lump e-sourcing, contract management and certain supply chain risk and resilience technology into this definition too. during that period.

Procurement 59

Procurement supply chain software solutions supply chain budgeting Supply Chain Efficiency 59

Arkestro

JANUARY 23, 2024

They spend much of their time analyzing inventory levels, assessing current and anticipated needs, and identifying potential gaps in the supply chain. Procurement management isn’t associated with one specific degree, but many majors could prepare someone for the industry, such as business, economics, supply management, or finance.

supply chain budgeting 52

supply chain budgeting Management Supply Chain Optimization Procurement 52

Procurement Software

MARCH 11, 2022

Sustainability initiatives within the supply chain. Third party risk management. Contract lifecycle management. It’s therefore a fair assumption that if you remove these non-value added tasks, you will allow the Procurement Manager to deliver a third more value to the business. Supplier innovation.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

World of Procurement blog

JULY 27, 2021

You were probably expecting us to state it is “to buy or purchase a service or an object”. Whilst Procurement can often be carried out via a purchase, it is more than just purchasing. You’ll also notice that Procurement is often talked about as part of the Supply Chain. How to do Procurement?

Procurement 52

Procurement Procurement team supply chain budgeting Contract management 52

Una

JULY 18, 2023

Top Technical Skills in the Digital Age of Procurement Explore the top technical skills purchasing professionals should have to be successful in the rapidly changing digital age of procurement. Familiarity with procurement software platforms , e-procurement systems, and vendor management systems is a must.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Sustainability 52

SCMDOJO

JULY 3, 2023

Choose between a broad overview of procurement and a focused course that focuses on certain topics like strategic sourcing, contract management, or supplier relationship management. What is procurement and purchasing Lesson 2. Procurement and Purchasing Cycle Lesson 7. Trends and tendencies in procurement Lesson 3.

Cost of ownership 78

Cost of ownership Procurement Category management supply chain software solutions 78

Planergy

MARCH 2, 2023

The process of tail spend analysis involves analyzing data from various sources, including supplier invoices, purchase orders, contracts, and other financial documents. Defining Tail Spend Tail spend is a term used to describe the small, often overlooked purchases made by an organization.

supply chain budgeting 52

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

Procurement Software

MARCH 11, 2022

Sustainability initiatives within the supply chain. Third party risk management. Contract lifecycle management. It’s therefore a fair assumption that if you remove these non-value added tasks, you will allow the Procurement Manager to deliver a third more value to the business. Supplier innovation.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52