Procurement Insights

MARCH 28, 2024

Both Supplier Discovery and Contract Management surfaced as the lowest-hanging fruit for the fastest win. However, one line from the above excerpt that does require some clarification, is the conclusion reached by the panel’s recommendation “ to avoid AI projects that involve dependency on clean data.

Data 67

Data Contract management Supply chain management Supply chain management 67

ivalua

NOVEMBER 14, 2019

Gartner predicts that by 2023, organizations that don’t optimize supplier master data management (MDM) could have wrong information for half of their suppliers! The advice comes from this report: “ Gartner Supplier Master Data: Gain Control Over Your Supplier Master Data Before It’s Too Late.”

Supply Chain Optimization 113

Supply Chain Optimization Data Suppliers Procurement 113

HICX

MAY 1, 2024

Supplier onboarding is a critical process for organizations, ensuring that new suppliers are seamlessly integrated as partners for the enterprise. As a result, “We don’t always make it easy to do business with us with for for our suppliers,” Kurt explains. This inefficiency has tangible costs.

Suppliers 52

Suppliers Supply Chain Efficiency Risk management Supply Chain Optimization 52

ivalua

JANUARY 13, 2023

For the Government, supplier diversity programs are something procurement professionals in the United States (US) have accepted as a key element to their procurement success. Since their inception more than 50 years ago, supplier diversity programs have spread beyond public procurements. Supplier Diversity on the World Stage.

Suppliers 246

Suppliers Strategy Agile and Lean Supply Chain Ethics 246

Procurement Tactics

OCTOBER 17, 2022

Supplier Onboarding — The Ultimate Guide . Supplier onboarding in a company can start slowly as its complexity requires the collection of information carefully. In this article, we will discuss what supplier onboarding is. Once you are done reading this article, you will have an in-depth knowledge of supplier onboarding.

Suppliers 175

Suppliers Negotiation Procurement Strategy 175

Procurement Tactics

JUNE 7, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Supplier Collaboration Software — What You Should Know The use of supplier collaboration software continues to rise as businesses grow and technology advances. However, what is it?

supply chain software solutions 130

supply chain software solutions Collaboration Suppliers Supply Chain Efficiency 130

ivalua

DECEMBER 18, 2019

Master supplier data doesn’t just matter to Procurement. Accurate supplier data is the fuel that drives critical business processes that impact the bottom line. Spend analysis — Improves negotiation position and leverage and increases contract compliance by correctly aggregating spend to the appropriate parent supplier.

Data 130

Data Suppliers Management Procurement 130

Procurement Tactics

OCTOBER 18, 2022

Supplier Relationship Management Software — Everything You Should Know. Supplier relationship management software is a very important factor for procurement managers to strengthen their relationship with their suppliers. However, what is this supplier relationship management software?

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

Supply Chain Brain

OCTOBER 20, 2023

The tool allows suppliers to upload their files to the Akeneo PIM platform or fill out a template that can be downloaded, filled out and re-uploaded to the PIM platform.

Suppliers 59

Suppliers Data Management 59

ivalua

JUNE 6, 2022

Every year, the International Association for Data Quality Governance and Analytics (or IADQGA) runs their Data Quality and Governance study. Among the most valuable topics we addressed was a deceptively complex question: what is quality data? Supply chains are in a battle for data supremacy.

Data 130

Data Procurement Quality Suppliers 130

ivalua

JULY 12, 2021

In Part I and Part II of this series, we have investigated the way in which supplier diversity programs have developed over time and which nations are leading the way in the space. The growth of supplier diversity initiatives in these regions (and others) provides unique opportunities and challenges for multinational corporations.

Suppliers 246

Suppliers Ethics Supply Chain Efficiency Sourcing 246

HICX

JUNE 15, 2023

As manufacturers deal with inflation and figure how to maintain profits, collaborating and sharing information with suppliers can produce better results than demanding lower prices from them, writes Costas Xyloyiannas, CEO of HICX, a supplier experience management platform. 1-See suppliers as collaborative partners.

Suppliers 52

Suppliers Data Collaboration Price 52

Procurement Heads

NOVEMBER 9, 2022

That’s based on the latest data from the Association of Professional Staffing Companies (APSCo) – the trade body for the professional recruitment sector. The data – provided by Bullhorn – showed a 3% month-on-month increase in contractor roles in October, while these figures were up 6% when compared to the same period in 2019.

Contract 130

Contract Data Demand Suppliers 130

Procurement Heads

NOVEMBER 9, 2022

That’s based on the latest data from the Association of Professional Staffing Companies (APSCo) – the trade body for the professional recruitment sector. The data – provided by Bullhorn – showed a 3% month-on-month increase in contractor roles in October, while these figures were up 6% when compared to the same period in 2019.

Contract 130

Contract Data Demand Suppliers 130

HICX

AUGUST 9, 2023

By Costas Xyloyiannis, CEO of HICX Developing relationships between buyers and suppliers isn’t just good for business, it can bolster ESG efforts. In practice, it is hugely dependent upon good supplier data, which is notoriously hard to achieve and maintain. Exploring why turns the spotlight to its source: suppliers.

Chief Procurement Officer 52

Chief Procurement Officer Suppliers Data Collaboration 52

Spend Matters

FEBRUARY 28, 2024

In this series of articles, we explore the current state of AI in procurement technology, starting today with the Supplier Management (SxM) market. The high-level market overview utilizes data from a recent Spend Matters vendor survey. The post Meet AI in Supplier Management appeared first on Spend Matters.

Suppliers 87

Suppliers Management Procurement Data 87

Spend Matters

MARCH 27, 2023

Categories: Procurement Systems & Architecture , Supplier Information Management Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of TealBook and its solution for supplier data management. As a company grows, it requires more suppliers to function. This information is constantly evolving.

Suppliers 67

Suppliers Data Chief Procurement Officer Management 67

Procurement Templates

MARCH 22, 2022

In order to build a supplier profile, users need leads for business intelligence. Lusha was founded by Assaf Eisenstein and Yoni Tserruya in 2016 with the aim of creating the world’s largest crowdsourced data community for B2B salespeople or a “Waze for salespeople”. The following organisations are a source of rich information.

Suppliers 130

Suppliers Sourcing Data Procurement 130

ivalua

DECEMBER 21, 2021

Redwood, CA, 20th December 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that Canada’s largest co-operative, Federated Co-operatives Limited (FCL), has gone live with its source-to-contract solution which includes a seamless integration to TealBook, the leading supplier data foundation.

Contract 130

Contract Sourcing Suppliers Data 130

ivalua

AUGUST 16, 2021

A checklist guide to getting the most out of your supplier risk management program. The wave of globalization has made businesses more reliant upon their suppliers than ever before. This reliance can increase supplier risk or uncover a large source of value and supplier innovation for organizations. .

Risk 130

Risk Suppliers Management Supply Chain Efficiency 130

Procurement Tactics

JULY 20, 2023

In this article, we will explore what supplier order management software is, its benefits, and some of the best software options available in the market. Defining Supplier Order Management Before diving into the software itself, let’s first understand what is Supplier Order Management.

supply chain software solutions 134

supply chain software solutions Suppliers Management Real-time Visibility 134

Procurement Tactics

AUGUST 24, 2022

Supplier Networks — The Ultimate Guide of 2022. Supplier networks are important in the procurement industry to find your preferred supplier. In this article, we will discuss what supplier networks are. After this article, you will have an insight into what supplier networks are. Outsource activities to Suppliers.

Networking 130

Networking Suppliers Buyers supply chain budgeting 130

Spend Matters

JANUARY 2, 2024

After the last few tumultuous years, procurement teams are still facing steep challenges in getting ahead of supplier and supply chain risks. Some organizations have opted to invest in new, more robust supplier and third-party risk management (TPRM) systems, while others are optimizing their existing systems.

Risk 77

Risk Suppliers Raw materials Risk management 77

Una

MAY 16, 2024

Common Pitfalls to Avoid During the Supplier Onboarding Process Getting the supplier onboarding process right enables you to avoid unnecessary hurdles and dive headfirst into collaboration. Don't be too casual While simplicity is key, being too casual can leave your suppliers feeling like they’ve been left high and dry.

Suppliers 52

Suppliers supply chain software solutions Collaboration Supply Chain Efficiency 52

Supply Chain Brain

FEBRUARY 6, 2024

One challenge stalling manufacturers' ability to cut carbon emissions is a lack of data, with supplier information notoriously hard to obtain. Solving this problem is a top priority.

Suppliers 91

Suppliers Data 91

Procurement Tactics

AUGUST 16, 2022

Supplier Management — The Ultimate Guide of 2022. Supplier management is crucial for organizations that have many vendors or suppliers. They need to manage their supplier to maintain the relationship that they have built. For this article, we will discuss what supplier management is. What is Supplier Management?

Suppliers 130

Suppliers Supply Chain Efficiency Management Supplier relationship management 130

Spend Matters

JANUARY 24, 2024

In this Spend Matters Vendor Analysis, we give an overview of Hellios, a Supplier Information Management (SIM) solution. In the complex landscape of supplier management, organizations struggle with challenges such as compliance, inconsistent supplier data and growing demands for reporting.

Suppliers 88

Suppliers Management Buyers Collaboration 88

ivalua

JUNE 6, 2019

Everything procurement delivers – from savings to risk mitigation to value – is predicated on having access to clean, trustworthy data. Direct spend suppliers are large, global, and absolutely critical to the company’s operations and their competitive advantage. How 100% spend insight is not the same as 100% spend under management.

Suppliers 100

Suppliers Supplier consolidation Supply Chain Efficiency Data 100

Supply Chain Brain

MAY 6, 2021

Basware, a procure-to-pay and e-invoicing solution, has added diversity data to its Supplier Management solution, allowing customers to identify minority-owned and small business suppliers within their base.

Data 72

Data Suppliers Management Procurement 72

HICX

MARCH 16, 2024

Costas Xyloyiannis, CEO at HICX, tells Supply Chain Digital how data and supplier-centricity can act as a foundation for digital transformation in business Supplier fraud has risen sharply in recent years, with very few companies able to say they haven’t experienced some kind of vendor, supplier or procurement fraud.

Suppliers 52

Suppliers Bidding Procurement Supply chain 52

Procurement Tactics

AUGUST 17, 2022

Supplier Evaluation — Everything a Procurement Professional Should Know. A supplier’s evaluation is crucial in procurement. The evaluation helps the organization filter the potential suppliers to get the best partner for its business. However, how do organizations evaluate these potential suppliers?

Suppliers 130

Suppliers Procurement Quantity Price 130

SCMDOJO

JULY 28, 2022

However, when you buy something, you may not always know all the suppliers that offer a particular product. Then the Supplier registration form comes in handy. This means that every time you host a sourcing event, the same suppliers bid on the same products at the same prices. So, where does the Supplier registration fit in?

Suppliers 109

Suppliers Bidding Purchasing Quality 109

Procurement Heads

AUGUST 4, 2022

Alex Fourlis, Managing Director at Broadbean Technology said, “The UK’s skills crisis is continuing to be a focal issue, and for good reason as our data shows that these shortages are impacting almost every business, across every sector. As Alex says, utilising technology and maximising partnerships with external talent suppliers is crucial.

Data 130

Data Risk management Suppliers Supply chain 130

ivalua

FEBRUARY 12, 2021

Supplier Relationship Management has taken on new meaning in the unprecedented times in which we find ourselves living. Now is the time to rethink supplier relationships for 2021 and beyond. Supplier Relationship Management – time to rewrite the rule-book? What does this teach us about Supplier Relationships?

Supplier relationship management 130

Supplier relationship management Suppliers Management Innovation 130

Spend Matters

JULY 27, 2023

A well-run supplier onboarding program is essential for any business that wants to ensure a smooth and efficient procurement process. By taking the time to onboard new suppliers properly, you can help to mitigate risks, improve communication and build strong relationships. The system should be easy to use and update.

Suppliers 78

Suppliers Supply Chain Efficiency Risk management Risk 78