Procurement Tactics

JUNE 8, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Inventory Management — Everything You Should Know Inventory management enables companies to ensure that they always have enough stock to fulfill customer orders. However, what is it? Why is it Important?

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Inventory Management Real-time Visibility Inventory control 187

ivalua

OCTOBER 29, 2019

Procurement transparency exists within the public sector because it is required by law. It is one thing to make tenders public, and another to offer suppliers visibility into the end-to-end bid management process and final award decisions. And yet, not all transparency is equally effective.

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Barkers Procurement

JANUARY 26, 2024

The Pressures That Procurement Faces In 2024. In recent years, we have seen the demand placed upon the Procurement function significantly increase. What is driving the pressure on Procurement? The pressures that procurement faces show no signs of reducing. What are the events impacting the end-to-end supply chain

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supply chain budgeting Supply Chain Efficiency Procurement e2e 52

Barkers Procurement

JANUARY 26, 2024

In recent years, we have seen the demand placed upon the Procurement function significantly increase. What is driving the pressure on Procurement? The pressures that have been placed on the Procurement function show no signs of reducing. What can Procurement do to successfully challenge these pressures?

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supply chain budgeting Supply Chain Efficiency Procurement e2e 52

Procurement Tactics

MAY 22, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Integrated Logistics — What You Should Know Integrated logistics is gaining popularity throughout the years to the point of replacing the traditional logistics concepts. However, what is it?

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Logistics supply chain software solutions supply chain budgeting Supply Chain Optimization 207

Pipefy

OCTOBER 25, 2023

Procurement has a direct impact on a company’s financial health. From reducing waste and containing costs to mitigating risks such as procurement fraud and inflated expenses, procurement’s insights and expertise can help businesses navigate some of their most pressing challenges.

Innovation 52

Innovation Strategy e2e Supply Chain Efficiency 52

Procurement Tactics

DECEMBER 7, 2022

33 Procurement Interview Questions in 2022. The financial supply chain is new to many procurement professionals, especially those who have just started their journey in the procurement and supply chain industry. . After all, in traditional ways, buyers tend to delay payment while sellers demand to be paid as soon as possible. .

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Supply Chain Efficiency Supply Chain Optimization supply chain software solutions Supply chain 181

Spend Matters

OCTOBER 4, 2023

Our coverage also explores the latest thought leadership topics about procurement and supply, the technology that serves it and comparative analyses based on demos and the scoring of 500+ RFI requirements across 12 source-to-pay (S2P) categories that create our Vendor Ranking data.

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Spend Matters

SEPTEMBER 14, 2023

Spend Matters constantly updates its understanding of the state of the procurement tech market via RFIs for our SolutionMap dataset, vendor interviews, global event attendance and product demos with the aim of keeping tech-selection decision makers ahead of market trends. What are the challenges and asks of your customers?

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Spend Matters

AUGUST 31, 2023

Procurement professionals and IT leaders tasked with managing software procurement today can often only focus on the top 20% of vendors. SaaS and vendor management has become increasingly complex Procurement and IT are being inundated with software access, vendor intake and renewal requests. How is this problem solved?

Data 100

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IBM Supply Chain Blog

FEBRUARY 19, 2024

The pandemic and its aftermath highlighted the importance of having a robust supply chain strategy , with many companies facing disruptions due to shortages in raw materials and fluctuations in customer demand. A supply chain control tower can connect many sources of data-driven information and improve end-to-end visibility.

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supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 88

Barkers Procurement

AUGUST 2, 2023

What Are The Pressures That Procurement Faces In 2023 And Beyond? In recent years we have seen the demand placed upon the Procurement function significantly increase. What is driving the pressure on Procurement? The pressures that have been placed on the Procurement function show no signs of reducing.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement e2e Agile and Lean Supply Chain 52

Spend Matters

APRIL 5, 2023

Categories: Contract Management , Procurement Systems & Architecture , Solution Providers , Source-to-Contract Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of Spendflo and its solution for SaaS procurement and management. Having so many options is not always a good thing, though. Read more. )

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Procurement Tactics

JULY 20, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. ChatGPT & AI Use ChatGPT to automate procurement processes 5. Negotiation Course Learn from industry experts who negotiated billion $ deals 2.

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supply chain software solutions Suppliers Management Real-time Visibility 134

Pipefy

DECEMBER 20, 2023

Strategic procurement, or procurement strategic planning, is a data-driven process that helps businesses align procurement and business goals. What is strategic procurement? It also benefits end-to-end procurement management since visibility and transparency are emphasized.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Strategic planning 52

Pipefy

MAY 23, 2023

In its long history , procurement has evolved from self-contained purchasing entities to an essential business partner handling processes involving several departments and many subprocesses. The risks of errors and bottlenecks alone in manual work make procurement a superb place to begin a digital transformation.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

ivalua

JUNE 27, 2022

Once an organization has the complete Strategic Payment cycle in place CFOs can use the end-to-end visibility to control bottom-line growth with targeted programs. . C2FO: The on-demand, flexible C2FO working capital platform is a significant component of Ivalua’s modern strategic payments experience. What’s more?

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Arkestro

DECEMBER 12, 2022

Procurement professionals of all types face a challenging and dynamic work environment. But those in the health and pharmaceutical industries deal with particularly demanding circumstances. What Are the Biggest Procurement Challenges in Health and Pharma? Supply Chain Visibility. Limited Supplier Network. Managing risk.

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Real-time Visibility Procurement e2e Raw materials 52

Arkestro

JUNE 6, 2023

Resources / Blog / What Does Finance Think of Procurement? What Does Finance Think of Procurement? Procurement and finance are two sides of the same coin. On the other side, procurement is concerned with keeping company operations running smoothly and judicially making the most of budgets.

Supply Chain Efficiency 52

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

Spend Matters

FEBRUARY 13, 2023

The impact of Covid-19 on demand, the opening and closing of borders, factories and ports, the obstruction of the Suez Canal and the war in Ukraine have created a nightmare for supply chain and procurement professionals. Even now, supply chains are far from being “back to normal.”

Risk management 73

Risk management Supply Chain Optimization Risk Supply chain 73

Pipefy

JANUARY 11, 2023

The need for efficient and error-proof procurement processes has never been greater. Following recent unprecedented events and disruptions, one thing has become clear: procurement optimization is no longer just about cost-effectiveness or efficiency. . What is procurement transformation?

Strategy 52

Strategy Procurement supply chain software solutions Agile and Lean Supply Chain 52

Spend Matters

OCTOBER 26, 2023

The procurement technology market is evolving rapidly and deploying the latest power that innovation can bring to support the changing and challenging needs of its customers. We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices.

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e2e Strategy Procurement team Procurement strategies 89

IBM Supply Chain Blog

JUNE 30, 2023

. ​ Automotive supply chain facts Up to 50 percent of unscheduled downtime is due to a lack of spare parts or stockouts ( The Importance of Inventory Optimization in MRO, July 2015 , Aberdeen Group) Generally, 99% of [semiconductor] manufacturing foundries have no visibility where the part is going. Why is this happening?

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supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Real-time Visibility 66

Procurement Leaders

JUNE 13, 2022

was set up by the UK Government to design and construct the railway and is responsible for procuring and coordinating a supply chain of designers and contractors to deliver billions of pounds worth of contracts. This includes the procurement of materials, where they come from, and the conditions in which they were produced.

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Supply Chain Efficiency Supply chain Contract e2e 130

IBM Supply Chain Blog

FEBRUARY 13, 2024

Sourcing and procurement professionals operating with a strategic sourcing mindset assess a supplier’s quality, reputation and service. Meeting responsible sourcing demands will require strategic sourcing tactics and technology that enable transparency and traceability. And from that group, 71% would pay a premium for it.

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Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 86

Procurement Software

JULY 25, 2023

So, you’re about to embark on a digital procurement transformation in your organization. You’ve read lots of articles, listened to a few of the best procurement podcasts , maybe been to a conference or two , and networked with some of your peers. How do you see the end of the process? Well, not quite. This is not good enough.

Procurement 52

Procurement Budget Data Suppliers 52

ivalua

OCTOBER 29, 2019

They also want transparency, but in their case, it is visibility into new bids, the state of existing bids, awards, and payment status. Given these needs, let’s think back to the current state of public procurement technology. The same is true of the companies looking to supply the public sector with goods and services.

e2e 145

e2e Bidding Contract management Contract 145

SCMDOJO

JUNE 21, 2023

SCaaS is a technology-driven approach to managing supply chains, offering comprehensive end-to-end solutions for businesses. SCaaS providers typically use advanced technologies like artificial intelligence, machine learning, and blockchain to improve visibility, traceability, and collaboration across the supply chain.

Supply Chain Optimization 89

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 89

The Good Spending

APRIL 30, 2023

It provides a holistic approach to managing contracts and ensures visibility, control, and compliance at every stage. CLM involves various stakeholders, e.g., procurement, sales, finance, data privacy, facilities, and executive management. My Udemy course "Value-based Procurement." My Udemy course "Procurement Lab."

Contract 52

Contract Management e2e Negotiation 52

Supply Chain Game Changer

MARCH 28, 2020

The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. But there is a profoundly significant Procurement value chain. Procurement is strategic! Now is the time for Procurement to SELL! Could the CPO Be Replaced by the Chief Value Officer? ” Ouch!

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Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 71

Supply Chain Game Changer

JULY 2, 2021

From supply disruptions , to rapidly changing consumer behaviour leading to increased difficulty for demand forecasting , to challenges companies face when protecting their front-line supply chain workers , the pandemic has raised a whole host of challenges — making supply chains one of the more disrupted aspects of the economy.

Agile and Lean Supply Chain 105

Agile and Lean Supply Chain Supply Chain Efficiency e2e Supply chain 105

ivalua

OCTOBER 29, 2019

Enormous, complex, global enterprises use procurement technology to manage their spend, suppliers, contracts and bids every day without seeming to run into the same stumbling blocks as the public sector, which operates on a smaller and more localized basis. They can determine and document their general requirements.

e2e 113

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Supply Chain Game Changer

NOVEMBER 9, 2021

Such pervasive usage and demand, combined with the potential for supply impacts, makes it important for us all to understand the natural and synthetic rubber Supply Chain. Rubber Supply and Demand. They expect that when they want tires, for instance, tires will appear on demand. Conclusion.

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Supply chain Raw materials Supply Real-time Visibility 93

Supply Chain Game Changer

NOVEMBER 14, 2018

Blog post originally published by, and permission to publish here provided by, Argentus at [link] , a boutique recruitment firm focused on Supply Chain and Procurement. The HBR article talks about how more companies are automating functions like demand forecasting, which has long been seen as more of an “art” than an exact science.

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Supply chain management Supply chain management Supply Chain Optimization Supply chain 86

Supply Chain Game Changer

APRIL 29, 2021

The impending changes include connected, end-to-end, value chains, and more intelligent, automated, and autonomous distribution systems. These major shifts will likely have various implications for the procurement process. It makes the DSCT the foundation of all end-to-end decision-making. electronics).

Supply Chain Optimization 135

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 135

SCMDOJO

JANUARY 26, 2024

As the demand for supply chain professionals continues to grow, staying ahead in this dynamic field demands more than technical know-how—it necessitates a holistic approach to career development. When I aimed to transition from a demand planner to a supply chain manager, I developed a five-year plan.

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Supply Chain Game Changer

AUGUST 3, 2021

The Coronavirus pandemic created a dramatic and highly visible disruption in that paradigm. procurement techniques) as opposed to educating the next generation of leaders equipped with the broadest possible set of management and leadership skills to run the entire end to end operations of a massive global company.

Supply Chain Efficiency 119

Supply Chain Efficiency Supply chain e2e Real-time Visibility 119