SCMDOJO

MAY 6, 2022

Modern enterprises rely on supply chain software to track several activities, including manufacturing and distribution of goods. Many supply chain systems are closed-source, all-in-one, proprietary, expensive, and difficult to customize ( read Why ERP Sucks ). What are No-code Platforms?

supply chain software solutions 110

supply chain software solutions Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 110

SCMDOJO

JUNE 21, 2023

The Supply Chain as a Service (SCaaS) market has experienced significant growth in recent years, with even greater potential ahead. SCaaS is a technology-driven approach to managing supply chains, offering comprehensive end-to-end solutions for businesses. Let’s delve into this emerging concept.

Supply Chain Optimization 90

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 90

Procurement Tactics

MAY 30, 2023

Procurement managers, also known as purchasing managers, supervise a company’s relationship with suppliers and the logistics of transportation. They manage the sourcing and purchasing of goods and services that the organization requires to operate effectively. What is a Procurement Manager? Why Are They Important?

Management 178

Management supply chain budgeting Procurement Negotiation 178

ivalua

OCTOBER 22, 2020

Investing in Procure-to-Pay solutions is seeing the bigger picture. In Gartner’s Magic Quadrant, they forecast the Procure-to-Pay software market to dip slightly this year, as companies focus on solutions with faster time to value. Procure-to-Pay Software mitigates financial risk. If true, that would be a real shame.

supply chain software solutions 147

supply chain software solutions Procurement Real-time Visibility supply chain budgeting 147

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

SCMDOJO

JUNE 6, 2023

For businesses to succeed, supply chain optimization is essential to succeed. It helps reduce costs, increases efficiency, and can enhance customer satisfaction. Supply chain optimization can achieve this with the help of data analytics. They can understand their supply chain operations with more precision.

Supply Chain Optimization 72

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency supply chain software solutions 72

Procurement Tactics

JUNE 28, 2023

By the end of this article, you will have an idea of the importance of procurement tracking in your business and which procurement tracking software you would want to utilize. Purchase Orders Purchase orders are where the monitoring of the creation and approval of purchase orders comes in. What is Procurement Tracking?

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

ivalua

FEBRUARY 10, 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 helps ensure your contracts remain favorable and that all stakeholders comply with the negotiated terms.

Price 264

Price Strategy Sourcing Real-time Visibility 264

ivalua

DECEMBER 14, 2020

The pandemic wreaked havoc on businesses and their supply chains, but even in these trying times, there’s a silver lining. The job of sourcing professionals is to understand the risk in the supply chain and manage it so they can react quickly when a problem occurs.” But cost reduction is no longer sufficient.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Procurement 130

Procurify

JULY 20, 2022

If you are a purchasing manager struggling to meet your saving targets, you’re not alone. . Although cost-saving has been a top priority for a long time, new requirements in procurement are surfacing and bringing challenges with them. Technological advancements are also rapidly changing the responsibilities of purchasing managers. .

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 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. A clear budget 4.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

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

Supply Chain Game Changer

SEPTEMBER 22, 2022

Subscribe to Supply Chain Game Changer. Fortunately, there are plenty of software Solutions out there to help streamline things and make it easier across the board. After the contract is signed, goods or services are delivered and payments are made. Subscribe Here! Email Address. Choosing suppliers.

supply chain budgeting 101

supply chain budgeting Real-time Visibility supply chain software solutions Procurement 101

World of Procurement blog

MAY 8, 2024

It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Purchasing is more transactional and tactical. Scope : Procurement spans the entire process from identifying requirements to contract closure.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 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. Let’s dive in.

supply chain budgeting 52

supply chain budgeting supply chain software solutions Procurement Budget 52

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. No, I fell into supply chain and procurement!

supply chain budgeting 130

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

Arkestro

JANUARY 23, 2024

Procurement managers play a key role in this rapid growth, helping organizations optimize costs, negotiate favorable terms with suppliers, and ensure financial efficiency. The best procurement managers are masters of risk mitigation and budget management, while also maintaining high quality standards and a competitive edge.

supply chain budgeting 52

supply chain budgeting Management Supply Chain Optimization Procurement 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?

Buyers 52

Buyers Supply Chain Efficiency supply chain budgeting Procurement 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 Tactics

JULY 13, 2022

The global pandemic and the ongoing war between Russia and Ukraine have disrupted the supply chain. This will allow you to give importance to these functions that will keep your supply chain sustainable. Many processes in procurement are done using procurement software. Contracting. Procurement Today.

Procurement 130

Procurement supply chain budgeting Negotiation Contract 130

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

Una

AUGUST 2, 2022

According to Verified Market Research , the global procurement software market will grow from $5.5 Take B2B services purchasing as an example. Contract monitoring. Self-service for everyday, tactical purchasing removes the manual burden involved in carrying out stakeholder tasks and creates more time for strategic work.

Procurement 98

Procurement Supply Chain Efficiency Real-time Visibility supply chain budgeting 98

World of Procurement blog

APRIL 23, 2024

By adopting best practices, companies can reduce costs, improve quality, and enhance supplier relationships. These policies should outline how procurement activities are to be conducted, from supplier selection to contract execution, ensuring consistency and compliance across the organization.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement Strategic sourcing 52

World of Procurement blog

APRIL 23, 2024

By adopting best practices, companies can reduce costs, improve quality, and enhance supplier relationships. These policies should outline how procurement activities are to be conducted, from supplier selection to contract execution, ensuring consistency and compliance across the organization.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement Strategic sourcing 52

Procurement Tactics

AUGUST 30, 2022

Electronic procurement or e-procurement is the process of acquiring, ordering, and purchasing goods and services online. . Through electronic procurement, organizations can set guidelines or limits regarding the budget and spending within the platform. . E-procurement is the same as traditional procurement. Editor's note: Hi there!

Procurement 130

Procurement Supply Chain Efficiency Purchasing Suppliers 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. 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.

Supply Chain Efficiency 52

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

EazyStock

SEPTEMBER 25, 2018

In today’s competitive business environment, getting the correct products to the right place at the right time via the most cost-effective manner is paramount for your business’ success. Using every tool available to you will allow for improvement in supply chain functionality, productivity, and profitability.

Supply Chain Optimization 78

Supply Chain Optimization supply chain budgeting supply chain software solutions Supply Chain Efficiency 78

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

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.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Procurement Tactics

AUGUST 24, 2022

Thus, it reduces costs and increases the profits of organizations. . Usually, organizations like supplier networks due to the following reasons: Reduced purchasing cycle times. Reduces paper invoice volume and manual processing. Improved contract terms. Contract management. Editor's note: Hi there!

Networking 130

Networking Suppliers Buyers supply chain budgeting 130

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. An e-invoicing software encrypts the data to add an extra layer of security. Timely payments.

supply chain software solutions 130

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

ivalua

APRIL 28, 2023

These credit cards issued by banks provide quick payments and improved automation – plus there’s the potential of rewards with each purchase! What is a Purchase Card (P-card)? A Purchase Card or P-Card represents the physical plastic cards associated with a user.

Innovation 130

Innovation Purchasing supply chain budgeting Contract 130

Arkestro

MARCH 13, 2023

It turned to Arkestro Predictive Procurement software. Holman’s procurement operations were decentralized across locations, creating silos and further slowing down a system now strained by the global health crisis; purchasing was an ad hoc process dependent on the same small pool of suppliers.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Procurement Bidding 52

Planergy

MARCH 2, 2023

Introduction To Tail Spend Analysis Tail spend analysis examines a company’s spending patterns and identifies opportunities to reduce costs and improve efficiency. The process of tail spend analysis involves analyzing data from various sources, including supplier invoices, purchase orders, contracts, and other financial documents.

supply chain budgeting 52

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

ivalua

MARCH 17, 2021

Office of Management and Budget (OMB) estimates federal grants to states and local governments in FY2019 totaled nearly three quarters of a trillion dollars. trillion, making grants roughly 17% of the total federal budget. . Federal grants often make up a large portion of any state, county or municipal budget. Sean Correll.

Supply Chain Efficiency 130

Supply Chain Efficiency Management supply chain budgeting Budget 130

Spend Matters

MAY 22, 2024

Fundamentally, it remains conservative, concerned mostly with purchase orders, invoices and control. Often though, software vendors claim to offer many AI-based capabilities, but fundamentally, there is no easy way of knowing whether the data they use is traceable, smart or just ‘dead’ information. applies more than GenAI.

Procurement 56

Procurement Data supply chain software solutions Contract 56