Procurement Tactics

AUGUST 22, 2022

Or receive our famous weekly newsletter. Tail Spending — Everything You Should Know. Many people in procurement do not have an idea what tail spending is. Benefits of Managing Tail Spend. Organizations that manage their tail spending effectively can realize 10 to 20% savings with spot buying. .

Purchasing 130

Purchasing Suppliers Negotiation Procurement 130

Una

FEBRUARY 20, 2023

Traditional means of creating value include things like managing contracts with preferred suppliers , controlling maverick spend, and minimizing warehouse costs. Focusing on sustainability and partnering with a GPO can lead to greater cost reduction and better spend management, as well.

Procurement strategies 98

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 98

Una

JUNE 22, 2023

A group purchasing organization like Una has the ability to take an advisory approach to procurement, helping you secure favorable contract terms and better pricing, while allowing your team to focus on other strategic initiatives. The Una Difference Group purchasing can be a complex process and not all GPO partners are created equal.

Procurement 52

Procurement Purchasing Procurement strategies Procurement team 52

Planergy

SEPTEMBER 5, 2023

We will also look at how spend management software , like Planergy, can help keep track of expenses and control spending within budget limits. By identifying these problems in advance, you can take proactive measures to address them, such as cutting unnecessary expenses, renegotiating contracts, or seeking additional funding.

supply chain budgeting 92

supply chain budgeting Budget Real-time Visibility Spend management 92

Spend Matters

DECEMBER 19, 2023

In eWorld dispatch 2 we covered the new procurement tech vendors exhibiting at eWorld and gave a run down of their key capabilities and plans, including Advanced spend management suite, PAID tail spend procurement automation, and Vendr SaaS buying platform. For non-members, please subscribe to our newsletter to stay up to date.

Procurement 79

Procurement Supply Agile and Lean Supply Chain Supply Chain Optimization 79

Una

AUGUST 31, 2023

As a GPO, Una can promptly and efficiently comb through your spend categories and identify which ones would benefit most from our collection of pre-negotiated contracts. Fast-growing companies are time-poor, and simply don’t have the resources for lengthy contract negotiations or supplier relationship management.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supplier relationship management 52

Una

APRIL 25, 2023

Procurement professionals must manage more contracts, more suppliers, and more transactions, which can be overwhelming and time-consuming. Compliance and risk management Procurement professionals also need to ensure that their organization is compliant with regulations and that they manage risks effectively.

Procurement 94

Procurement supply chain budgeting Supply Chain Efficiency Contract 94

Una

MAY 23, 2023

The romance flourished and they soon became parents to three wonderful children: Cost Savings, Volume Discounts, and Better Contract Terms. Indirect Spend, once isolated and yearning for attention, now found herself basking in the spotlight.

Purchasing 52

Purchasing Supply Chain Efficiency Supply Chain Optimization Procurement 52

Una

JUNE 15, 2023

The CPO is supported by strategic sourcing managers, category managers, buyers, analysts, contract managers, a compliance officer, an SRM manager, and others as new roles emerge. Request for Proposal (RFP) management: Creating RFPs and managing the time-consuming RFP process to solicit bids from suppliers.

Procurement 52

Procurement Supplier relationship management Procurement team Contract 52

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. Having the right information and insights is important to make the most of tail spend analysis. Download PDF What’s your goal today?

supply chain budgeting 52

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

The Procuretech Podcast

JULY 5, 2022

Thomas started working in IT, then moved to working in procurement for the shipping line Maersk, where one of his projects was in spend management. Maybe people working in strategy look into analytics once in a while, but his experience is that a good contract doesn't always equal real savings. Actions-focused spend analysis.

Contract 52

Contract Purchase orders Data Spend management 52

Planergy

NOVEMBER 1, 2022

A preferred vendor typically offers more favorable terms than a non-preferred vendor, and the company may give the preferred vendor preference when awarding contracts. Term and Early Termination: This discusses the length of the contract, as well as how to go about terminating the contract early and any fees associated with early termination.

Contract 52

Contract Suppliers Buyers Price 52

Jaggaer

OCTOBER 22, 2020

Spend management and procurement will play a key role in enabling banks to achieve their efficiency targets while managing supply chain risks,” he added. Attijariwafa Bank has successfully implemented a source-to-contract solution with the JAGGAER ONE platform.

Strategy 52

Strategy Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Planergy

OCTOBER 18, 2023

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. Choose a Travel Management Company Partner with a TMC to help manage your travel program, negotiate supplier contracts, and provide support services for travelers.

Risk 52

Risk Real-time Visibility Negotiation Management 52

Planergy

OCTOBER 20, 2022

Additionally, submitting a proposal in response to an RFI can help suppliers build relationships with buyers and potentially win future contracts. Contract requirements and completion dates. An RFT is used when an organization intends to award the contract to the supplier who provides the best value, not necessarily the lowest price.

Buyers 52

Buyers Supply Chain Efficiency Suppliers Price 52

Planergy

JANUARY 19, 2024

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. This should cover scenarios such as contract termination, transition of services, and resolution of outstanding issues. What's Planergy?

Vendor management 52

Vendor management Suppliers Quality Supply Chain Efficiency 52

Planergy

DECEMBER 29, 2022

Managing the challenges with best practices, including using procurement software for the marketing spend category helps simplify your process. Marketing procurement is identifying, selecting, and contracting with marketing services providers. Use PLANERGY to manage purchasing and accounts payable. Download PDF.

Procurement 52

Procurement Raw materials supply chain budgeting supply chain software solutions 52

Planergy

DECEMBER 25, 2023

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. The nature of contract work can mean periods without assignments and a lack of job security. What's Planergy? Download PDF What’s your goal today?

Real-time Visibility 52

Real-time Visibility Data Budget Strategic planning 52

Planergy

JUNE 30, 2022

Tackle Budgeting, Spend Management, and Inventory Tracking with PLANERGY PLANERGY is a procure-to-pay process tool that takes care of several business processes to help with better financial management. Procurement leaders can store contracts in a central repository, for easier compliance management. Download PDF.

Management 52

Management Real-time Visibility Budget Purchase orders 52

Planergy

JUNE 1, 2023

Cancellation of Liability If a vendor waives the outstanding AP balance or if contract terms have not been met, you are allowed to write off the balance owed to that vendor or supplier. Expiration of the Contract or Term This will only occur when a contract or specific payment term is in effect.

Purchase orders 52

Purchase orders Purchasing Suppliers Import 52

Planergy

SEPTEMBER 8, 2022

SPM, just like supplier evaluations, should be conducted regularly, to ensure that everything is running according to contracts and as expected. This may involve setting new expectations for supplier performance, renegotiating contracts, or terminating relationships with underperforming suppliers. 5 Steps in the SPM Process.

Suppliers 52

Suppliers Management Supplier relationship management supply chain budgeting 52

Spend Matters

NOVEMBER 2, 2023

Travel and Expense management leveraging SAP Concur is an easy plug in for travel spend management and all spend flowing through expense reporting. Here are some specific highlights: Rebranding and re-tooling SAP has rebranded and broadened ‘SAP Ariba’ to now include all of SAP’s core procurement products (i.e.,

Networking 88

Networking Spend management Suppliers Supply Chain Optimization 88

Planergy

JANUARY 12, 2023

To ensure these aspects are taken care of properly, businesses need knowledge of their supplier networks to properly vet potential partners before engaging in any contracts or agreements. Use PLANERGY to manage purchasing and accounts payable. Defining Your Supply Tiers. Download PDF. What’s your goal today?

Suppliers 52

Suppliers Supply Chain Efficiency Raw materials supply chain budgeting 52

Planergy

AUGUST 16, 2022

If you’re one of the smallest contracts and they won’t lose much by sending you to another supplier, you don’t have leverage. Use PLANERGY to manage purchasing and accounts payable. You’ll also be subscribed to our email newsletter and notified about new articles or if have something interesting to share. Download PDF.

Suppliers 52

Suppliers Management supply chain budgeting Supplier relationship management 52

Planergy

JULY 7, 2022

Some of the ways you can lower your operating costs include seeking out new suppliers, renegotiating existing contracts with current vendors, or eliminating an unnecessary service. Use PLANERGY to manage purchasing and accounts payable. Download PDF. What’s your goal today? download a free copy of our guide.

Management 52

Management Purchasing Import Risk 52

Planergy

JULY 21, 2023

It is the process of acquiring external services to meet the needs of an organization and involves different steps, such as identifying a need, setting up a contract, and managing the relationship between the service provider and the customer. There should be purchase orders and milestones to ensure your project remains on course.

Management 52

Management Procurement supply chain budgeting Budget 52

Planergy

APRIL 19, 2023

Verify Invoice and Payment Information Once the information is in the system, accounts payable clerks analyze the payment terms, check for discounts that may be applicable per the contract, and other information that could affect payment accuracy before sending the invoice for approval. Duplicate invoices are common.

Purchasing 52

Purchasing Suppliers Contract Risk 52

Planergy

OCTOBER 13, 2023

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. A centralized spend management software , like Planergy, can help MATs in many ways. What's Planergy? Why Use GAG Pooling?

Budget 52

Budget Purchasing Real-time Visibility Management 52

Planergy

AUGUST 11, 2022

When you issue a purchase order, your supplier is obligated to deliver the goods or services according to the terms of their contract. Handle GRN and Reconciliation with PLANERGY PLANERGY is designed to give your organization the tools you need to manage the entire procure to pay process, including GRNs. Download PDF.

Import 52

Import Quantity Purchase orders Quality 52

Planergy

AUGUST 8, 2023

Open tendering is preferable as it allows companies to apply for multiple contracts at once, resulting in more efficient use of resources and reduced cost-over-runs from multiple procurement processes. Spend Time on Contract Negotiations Negotiating with suppliers is a critical part of any procurement process.

Sourcing 52

Sourcing Suppliers Procurement Bidding 52

Planergy

AUGUST 4, 2022

Though it may sound counter-intuitive it works like this: Borrowers have the potential to make money by going under contract on the Ethereum blockchain. The smart contract borrows funds, executes the transaction, and repays the loan instantly. Use PLANERGY to manage purchasing and accounts payable. Download PDF.

supply chain software solutions 52

supply chain software solutions Supply Chain Efficiency Contract Risk 52

Planergy

NOVEMBER 29, 2022

Cons include a lack of contract flexibility, requiring a strict vendor selection process, and more. Loss of Contract Flexibility. They should work closely with their suppliers to minimize these risks and maintain a high level of contract flexibility. What are your current contracts with them? Define Your Objectives.

Supplier consolidation 52

Supplier consolidation Risk Suppliers supply chain budgeting 52

Planergy

JULY 14, 2023

Could Make Overspending Easier With fewer purchases going through the formal procurement process, it is easy to lose track of spending. Maverick spend , or rogue spend, where purchases from suppliers who are not your preferred vendor for purchasing specific items may increase. Download PDF What’s your goal today?

Purchasing 52

Purchasing Purchase orders Strategic sourcing Strategic sourcing 52

Planergy

SEPTEMBER 12, 2023

It might introduce new management challenges, like the need to manage a distributed workforce or the need to face the challenges of managing remote teams. Legal challenges can involve navigating regulatory requirements to avoid oligopolies and monopolies, contract negotiations, and potential disputes.

Supply Chain Efficiency 52

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

Planergy

JULY 14, 2022

DAOs are technically defined as agreed-upon smart contracts to automate all of the decentralized decision-making over a pool of tokens. Use PLANERGY to manage purchasing and accounts payable. You’ll also be subscribed to our email newsletter and notified about new articles or if have something interesting to share. Download PDF.

Purchasing 52

Purchasing Networking Data Management 52

Una

OCTOBER 17, 2023

These group purchasing organizations often have contracts with a wide range of suppliers, and they offer their member businesses access to these contracts at discounted rates. In an industry focused on numbers and contracts, it’s easy to get lost in the business of group purchasing.

supply chain budgeting 81

supply chain budgeting Real-time Visibility Supply Chain Efficiency Supply chain 81

Planergy

JUNE 28, 2022

A centralized repository makes it easy for procurement professionals to manage contracts and ensure compliance not just from employees, but from vendors, too. Use PLANERGY to manage purchasing and accounts payable. Download PDF. What’s your goal today? download a free copy of our guide.

Budget 52

Budget Price Collaboration Data 52