Procurement Insights

JANUARY 3, 2025

20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management. Emphasis shifted from pure cost savings to total cost of ownership (TCO) and value creation.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

Jaggaer

APRIL 24, 2025

By the time I have finished writing this article, and certainly before it is published, the situation will have changed. One is reminded of the Chinese proverb, Better to be a dog in times of tranquility than a human in times of chaos. Here are some of the lessons I took away from the webinar. And for a number of reasons.

Demand 52

Demand Logistics Real-time Visibility Supply Chain Optimization 52

TYA Suite

MAY 13, 2025

By reducing procurement costs, businesses can increase profit margins without raising prices or cutting corners. Simple changes like consolidating suppliers, negotiating better contracts, and improving order planning can lead to real savings over time. Why is Cost Reduction necessary in Procurement? The result?

Strategy 40

Strategy Import Procurement Raw materials 40

Skill Dynamics

APRIL 24, 2025

While each has its own responsibilities, both share a common goal: ensuring that the organization has what it needs, when it needs it, at the right cost and quality. Procurement professionals focus on sourcing goods and services, negotiating with suppliers, and managing contracts.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

Jaggaer

FEBRUARY 5, 2025

Strategic Sourcing Success: Best Practices and Key Strategies Of course, there are many definition s of source-to-pay but put simply, strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. Total cost analysis (how much does it cost to provide those goods or services?)

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

Procurement Insights

MARCH 17, 2025

Anyone who has followed the Procurement Insights blog for any length of time knows I love to ask questions and am voracious about gaining new insights. Core Offering : Tracks commodity prices, production costs, and market trends to arm procurement teams with data for better supplier negotiations. Key Comparison Points 1.

Negotiation 52

Negotiation Procurement team Real-time Visibility Cost of ownership 52

TYA Suite

JUNE 2, 2025

But purchasing is more than just placing orders, it's a structured process that ensures the right items are bought, from the right sources, at the right price, and at the right time. In many organizations, especially those with complex operations or large supplier networks, the is not handled casually. What is the purchasing process?

Purchasing 40

Purchasing supply chain budgeting Purchase orders Quantity 40

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. These indices track the average price changes of a basket of goods and services over time. Supplier relationships: Building strong relationships with suppliers is crucial.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Planergy

FEBRUARY 24, 2025

How AP can improve relationships with your key suppliers. While less visible, these procurement areas are crucial for maintaining a functional educational environment. Vendor Selection Rigorous vendor selection processes ensure institutions partner with suppliers who can consistently meet quality, cost, and delivery expectations.

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

Jaggaer

OCTOBER 24, 2024

Maximizing Cost Savings Through Strategic Supplier Collaboration With the growing emphasis on long-term value creation, Chief Procurement Officers are increasingly turning to supplier collaboration as a cornerstone of cost reduction.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain budgeting 52

Una

SEPTEMBER 22, 2022

Factors to consider when purchasing IT range from supplier reputation and cost to support, reliability, fit-for purpose, and, most importantly, data. It’s impossible to have the most current or newest application implemented at all times. Look Beyond Cost. Compile Supplier List. Focus on data.

Procurement 98

Procurement Real-time Visibility Contract Purchasing 98

Supply Chain Game Changer

NOVEMBER 19, 2018

These are the innovative technologies that I predict companies must use to undergo this transformation within their supply chains: Cloud-based technology deployments lower cost of ownership due to not having a large capital expenditure on hardware and upgrades. With analytics, businesses can more effectively predict and fill demand.

Supply Chain Efficiency 58

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 58

Empowering CPO

FEBRUARY 11, 2024

Consulting firms like ours leverage cutting-edge tools and analytics to gain deep insights into market trends, supplier performance, and cost structures. By harnessing the power of data, organizations can identify opportunities for cost optimization, risk mitigation, and process efficiency.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

Supply Chain Game Changer

JULY 2, 2020

Order management begins with visibility, and visibility promotes improvement within inventory management. As reported by Software Advice , “96 percent [of retailers] say online store integrations reduce processing time.” Analytics applies to much more in the supply chain beyond inventory management.

Management 64

Management Real-time Visibility supply chain software solutions Supply Chain Optimization 64

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. Greater transparency: Real-time tracking of procurement activities allows for better monitoring and control of the entire process.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

TYA Suite

JULY 17, 2024

By implementing a cloud-based purchase order system, businesses can streamline operations, enhance accuracy, and gain real-time visibility into purchasing activities. This means businesses can access their from anywhere, at any time, using any device with internet connectivity. is a critical aspect of procurement.

Purchase orders 40

Purchase orders Purchasing Real-time Visibility Cost of ownership 40

Finale Inventory

JUNE 2, 2025

Finale Inventory: Biggest Pro & Con Finale Inventory shines when it comes to multichannel ecommerce. When your barcode system is directly connected to your inventory management system (IMS), every scan updates inventory in real-time, whether you’re picking, receiving, or conducting a stock transfer.

Inventory 52

Inventory Management Real-time Visibility Order Fulfillment 52

Empowering CPO

MAY 15, 2023

It’s the art of sourcing, negotiating, and purchasing, all while maintaining a keen eye on quality and cost. But in recent times, this function has evolved far beyond the simple act of purchasing. When a company commits to buying large quantities from a supplier, it often gets a better per-unit price.

Procurement 52

Procurement Quality Innovation Cost of ownership 52

TYA Suite

JULY 17, 2024

In today's dynamic business environment, efficient po management is essential for optimizing inventory levels, controlling costs, and maintaining strong supplier relationships. Employees or departments submit requisition requests, specifying the required items, quantities, and preferred suppliers.

Purchase orders 40

Purchase orders Purchasing Management Supply Chain Efficiency 40

Barkers Procurement

MAY 11, 2023

Both options create a high cost of ownership, and configuration can be problematic. E-invoicing capabilities Not all solutions will feature e-invoicing, but this useful feature helps ensure compliance and creates visibility. Here are some of the main ones: In cloud habitation Some organisations build tools internally.

Cost of ownership 52

Cost of ownership Real-time Visibility Purchase orders Procurement strategies 52

Empowering CPO

JULY 16, 2023

Managed procurement services leverage expert knowledge and cutting-edge technology to not only simplify the procurement process but also to identify cost-saving opportunities, ensure supplier compliance, and manage risks. Managed procurement, on the other hand, adopts a proactive, strategic, and holistic approach to procurement.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

World of Procurement blog

MAY 8, 2024

It helps reduce financial losses from poor contracts, improve vendor relationships through structured coordination, increase operational efficiency and cost savings, minimize revenue leakage, and ensure proper compliance. Lease agreements - Contracts for renting equipment, real estate, vehicles, etc.

Contract management 52

Contract management Contract Management e2e 52

Supply Chain Game Changer

NOVEMBER 19, 2018

Recent projects include the digital transformation of a worldwide service and repair parts program; enabling an OEM’s end-to-end supply chain visibility of outsourced manufacturers, assemblers, distribution hubs and 3PL’s; and forming a B2B business development capability for a successful B2C eCommerce company.

Leadership 49

Leadership supply chain software solutions Bill of materials Real-time Visibility 49

Empowering CPO

JULY 16, 2023

Managed procurement services leverage expert knowledge and cutting-edge technology to not only simplify the procurement process but also to identify cost-saving opportunities, ensure supplier compliance, and manage risks. Managed procurement, on the other hand, adopts a proactive, strategic, and holistic approach to procurement.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

Supply Chain Trend

DECEMBER 22, 2023

Intelligent IBP effectively combines human and machine strengths with good decision practices to consistently make timely, high-quality, horizon agnostic business decisions. I think it is time to update the IBP belief sytem to be more reflective of current times, technology & ways of working, and create a modern IBP vision.

Supply Chain Efficiency 78

Supply Chain Efficiency Supply Chain Optimization Quality supply chain budgeting 78

TYA Suite

NOVEMBER 25, 2024

By prioritizing suppliers who demonstrate a commitment to sustainability, organizations can foster a marketplace that values not just profitability but also the well-being of communities and ecosystems. One of the often-overlooked benefits of sustainable procurement is its potential for significant cost savings.

Sustainability 40

Sustainability Import Supply Chain Efficiency Procurement 40

Jaggaer

JANUARY 23, 2025

They focused on digital transformation, centralizing digital solutions and resources, increasing transparency across the supply chain, digitalizing source-to-pay processes, recruiting top talent, reevaluating sourcing strategies, tackling ESG challenges, and improving supplier relationships. But that would take time. A lot of time.

Export 52

Export Supply Chain Efficiency Raw materials supply chain budgeting 52