Procurement Insights

JANUARY 3, 2025

Technology Adoption in Early Stages : Adoption of procurement software was growing but not yet widespread, with many organizations relying on manual or semi-automated processes. 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

Supply Chain Game Changer

MARCH 20, 2019

Subscribe to Supply Chain Game Changer. What Supply Chain Management problem does this solve? The biggest problem in the transitional supply chain is lack of open and trustworthy information availability across the supply chain caused by multiple issues – trust, technology and legacy practices being the top ones.

Agile and Lean Supply Chain 79

Agile and Lean Supply Chain Supply Chain Efficiency supply chain software solutions Supply chain 79

Jaggaer

FEBRUARY 5, 2025

Since reverse auctions focus heavily on price competitiveness, this can be easily done with sourcing software tools. They instantly compare bids based on predefined criteria, such as the lowest bid, pricing tiers, or total cost of ownership, and rank the suppliers accordingly. Automation can also play a role here.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

Supply Chain Game Changer

NOVEMBER 12, 2018

Check out 10 Supply Chain Investment Challenges – Real and Imagined! There are thousands of supply chain technology vendors in the market today, and many companies claim their system is the best-of-the-best. Software May Be Difficult to Modify and Own In-House.

supply chain software solutions 59

supply chain software solutions Supply Chain Efficiency Supply chain Cost of ownership 59

Planergy

MAY 8, 2025

Modern Spend Management and Accounts Payable software. 5] Scalable Tools Handle Rising Demand: With 95% of organizations reporting increased procurement workloads, digital systems are helping teams scale, reduce cycle times, and handle complex supplier networks more efficiently. [4][5] What's PLANERGY?

Strategy 52

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

Planergy

FEBRUARY 24, 2025

Modern Spend Management and Accounts Payable software. The Four Types of Procurement in Education Key Steps in the Education Procurement Process Who Benefits from Efficient Procurement? Think classroom supplies, laboratory equipment, educational software, and learning resources. Who Benefits from Efficient Procurement?

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

SCMDOJO

APRIL 3, 2022

They are far more convenient than conventional discussions and negotiations, providing procedural integrity and transparency while also lowering final prices owing to enhanced supplier competitiveness. Digital bidding, or eAuctions, are a more efficient way of negotiating with vendors in the international market. Macfarlane, 2017).

Supply Chain Efficiency 141

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 141

SCMDOJO

JULY 3, 2023

Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. Gain valuable insights and knowledge to effectively manage total cost of ownership in today’s evolving business landscape.

Cost of ownership 98

Cost of ownership Procurement Category management supply chain software solutions 98

Arkestro

NOVEMBER 12, 2024

However, as supply chains have evolved into complex, global systems, the demands on procurement, and associated workload have increased significantly. Businesses must now navigate sustainability, risk management, and total cost of ownership (TCO)—which now are shifting more spend into the “defer” or “ignore” buckets.

Procurement 52

Procurement Bidding Procurement team Supply Chain Efficiency 52

Procurement Templates

JUNE 18, 2023

Strategic sourcing: Adopting strategic sourcing practices enables procurement to analyze the entire supply chain and identify cost drivers. By understanding the components and processes that contribute to the final product’s cost, procurement can explore opportunities to optimize and reduce expenses.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Jaggaer

FEBRUARY 5, 2025

It is a process that creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. But today this is largely executed electronically, for example by eSourcing events and with sourcing optimization software.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

SCMDOJO

APRIL 26, 2023

Category Management Software What is Category Management in Procurement? It involves segmenting spending into areas that contain similar or related products, allowing for a focused approach on categories that offer opportunities for consolidation and efficiencies. Use appropriate technology to manage the categories.

Category management 107

Category management Management Supplier relationship management supply chain software solutions 107

IBM Supply Chain Blog

AUGUST 11, 2023

Implementing such solutions could be the key to a new era of productivity for your organization, but implementing new and expansive IT software can be intimidating. They also support the measurement of overall equipment effectiveness (OEE) , a significant metric used to gauge manufacturing efficiency.

supply chain software solutions 68

supply chain software solutions Real-time Visibility Supply Chain Optimization Supply Chain Efficiency 68

Jaggaer

APRIL 22, 2019

Procurement teams are in a unique and important position to drive such initiatives forward as these improvements are only possible through actions taken in the supply chain. using a total cost of ownership strategy) and identify key risks (and related costs) to avoid. A quick look at the regulatory landscape.

Sustainability 91

Sustainability Supply Chain Efficiency Procurement supply chain software solutions 91

Finale Inventory

JULY 17, 2024

In a fast-paced, technology-driven business environment, having the right software is key for the success of any manufacturing company. Enterprise Resource Planning (ERP) software plays a significant role in streamlining operations, improving efficiency , and enhancing overall productivity.

supply chain software solutions 52

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

Supply Chain Game Changer

MARCH 30, 2022

Subscribe to Supply Chain Game Changer. Financial institutions form adaptive banking software solutions to ensure an economy in the post-world. It is needed to ensure the efficiency of the cost of ownership of the technological landscape of financial services. Subscribe Here! Email Address.

supply chain software solutions 89

supply chain software solutions Agile and Lean Supply Chain Cost of ownership Supply Chain Efficiency 89

World of Procurement blog

APRIL 23, 2024

Procurement plays a critical role in the operational efficiency and financial health of an organization. By adopting best practices, companies can reduce costs, improve quality, and enhance supplier relationships. This includes fair treatment of suppliers, transparent bid processes, and adherence to anti-corruption policies.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement supply chain budgeting 52

World of Procurement blog

APRIL 23, 2024

Procurement plays a critical role in the operational efficiency and financial health of an organization. By adopting best practices, companies can reduce costs, improve quality, and enhance supplier relationships. This includes fair treatment of suppliers, transparent bid processes, and adherence to anti-corruption policies.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement supply chain budgeting 52

Skill Dynamics

JULY 19, 2024

The Foundation of a Successful Procurement Strategy To put it simply, a procurement strategy is a plan that outlines how an organization optimizes its external spending, manages its various supplier relationships, and maintains streamlined internal processes to support cost-effectiveness and generate efficiency.

Procurement strategies 90

Procurement strategies Strategy Procurement supply chain budgeting 90

TYA Suite

JUNE 2, 2025

From raw materials for manufacturing to office supplies or software subscriptions, these purchases keep the business moving. It follows defined steps to reduce waste, control costs, avoid delays, and ensure quality. A well-defined purchasing process plays a crucial role in helping businesses operate smoothly and efficiently.

Purchasing 40

Purchasing supply chain budgeting Purchase orders Quantity 40

Finale Inventory

JUNE 21, 2024

An ERP (Enterprise Resource Planning) system is a software solution that integrates various business processes and functions into a single, unified platform. It allows companies to streamline operations, improve efficiency, and make better informed decisions.

Supply Chain Efficiency 52

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

Finale Inventory

JUNE 21, 2024

An ERP (Enterprise Resource Planning) system is a software solution that integrates various business processes and functions into a single, unified platform. It allows companies to streamline operations, improve efficiency, and make better informed decisions.

Supply Chain Efficiency 52

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

Supply Chain Trend

DECEMBER 13, 2016

To get some answers for S&OP practitioners, Niels van Hove founder of Supply Chain Trend, interviewed a group of S&OP leaders. Supply Chain Trend will publish a weekly Q&A with these S&OP leaders. Being early in my supply chain career, I thought this should not be too bad to do.

supply chain software solutions 90

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

Jaggaer

OCTOBER 24, 2024

The emphasis has shifted toward strategic partnerships, with a key focus on reducing costs while fostering long-term supplier collaboration. Let’s explore how procurement leaders can unlock significant cost savings by leveraging supplier collaboration strategies.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain budgeting 52

Supply Chain Collaborator

APRIL 7, 2016

Choose the stodgy, uninspired logistics IT solution provider with the middling results/poor cost efficiency it delivers and you’ll be remembered as lacking vision. Because there are so many variables surrounding what an apartment or automobile delivers (not to mention how much it will cost in the future). It can be done.

Cost of ownership 61

Cost of ownership Buyers Logistics Change management 61

IBM Supply Chain Blog

JUNE 30, 2023

The growing complexity and scale of operations across industries and the need to track, monitor and manage assets, have been driving the evolution of advanced asset management software. KPI dashboards or MRO inventory optimization) and audit trails are also included in CMMS software solutions. What is CMMS and what does it do?

Management 60

Management supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 60

IBM Supply Chain Blog

AUGUST 11, 2023

Or they could license expensive project management software, only to find a fraction of employees were using it. IT cost management is not just a function of cutting costs, it also entails making smarter decisions that can increase revenue and, ultimately, profitability.

Import 74

Import Management Budget Real-time Visibility 74

Empowering CPO

MAY 4, 2023

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. 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

IBM Supply Chain Blog

MARCH 20, 2024

ready-to-use software applications, virtual machines (VMs) , enterprise-grade infrastructures and development platforms) available to users over the public internet on a pay-per-usage basis. Software-as-a-Service (SaaS) is on-demand access to ready-to-use, cloud-hosted application software. e-commerce flash sales).

Data 88

Data Networking Cost of ownership Management 88

Jaggaer

DECEMBER 13, 2024

The Essential Guide to Source to Pay, Source to Contract, and Procure to Pay Whether youre new to the world of procurement and supply chain management, or a seasoned veteran; whether you work in a major manufacturing industry, a university, or a medium-sized clinical research organization, you may find procurement jargon rather confusing.

Sourcing 52

Sourcing Contract Procurement Chief Procurement Officer 52

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. Streamline procurement activities and reduce costs by using eProcurement and Internet Reverse Auctions. •

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

Supply Chain Collaborator

FEBRUARY 24, 2017

Sadly, many of the updates do nothing to improve your operational efficiency. You think because you bought TMS from one of the world’s largest software companies you’re getting the best? Your TMS hides total cost of ownership by charging a premium to train new employee/users, carriers, vendors, etc.

Cost of ownership 60

Cost of ownership Bidding Logistics Price 60

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. By leveraging technology and best practices, organizations can streamline the purchase order process, enhance transparency, and drive operational excellence.

Purchase orders 40

Purchase orders Purchasing Management Supply Chain Efficiency 40

IBM Supply Chain Blog

AUGUST 24, 2023

James opens the mobile device management software that his company is using, immediately finds Robert’s iOS smartphone in the tool, and does a remote wipe. MDM software is used to manage both BYOD devices and corporate-owned devices that run on any mobile operating system (iOS, Android, iPadOS, Windows or purpose-built devices).

Cost of ownership 61

Cost of ownership Data Management Strategy 61

IBM Supply Chain Blog

NOVEMBER 8, 2023

It is with immense gratitude that I thank Ken for his leadership not only across IBM Power, but for his service to IBM in various roles spanning IP, strategy and software during his distinguished IBM career. A vibrant ecosystem enables a range of use cases for our clients running software on Power. Read more here.

Leadership 93

Leadership Data Cost of ownership Strategy 93

Procurement Software

MARCH 11, 2022

White space savings (freeing up someone’s time and increasing operational efficiency). This is especially true when looking at how the supply chain and the management of external suppliers can play a pivotal role in a company’s ESG goals. Process related savings that can’t be measured by direct reduction to headcount.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Procurement Software

MARCH 11, 2022

White space savings (freeing up someone’s time and increasing operational efficiency). This is especially true when looking at how the supply chain and the management of external suppliers can play a pivotal role in a company’s ESG goals. Process related savings that can’t be measured by direct reduction to headcount.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52