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What Does Finance Think of Procurement?

Arkestro

Here are just a few of the metrics CFOs look at when examining procurement process efficiency: Cost of Purchase Order: What are the internal costs associated with each purchase? Purchases in Time and Budget: How many purchases are on budget and on time? Procurement Cost Reduction: How are costs being reduced over time?

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Strategic Procurement: What Is Is and Why It’s Essential for Business Resilience 

Pipefy

Strategic procurement prioritizes planning and strategizing for long-term benefits across the entire procurement process and alignment with business goals, while operational procurement focuses on purchasing and sourcing services strictly for maintaining day-to-day operations. Why is strategic procurement important?

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Gartner’s First Integrated S2P Report on The Evolving Landscape of Source-to-Pay Solutions

Procurement Insights

The new report covers ten leading vendors who meet Gartner’s revised criteria for providing modular but natively integrated S2P platforms spanning sourcing, contracting, purchasing, payments, and analytics. Either way, the winds of change in procurement technology are clearly blowing in a fresh direction.

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The Market Speaks: Procurement practitioner requirements and the tech vendor response — SAP

Spend Matters

With an increasing influence on operational and financial performance, tracking and managing ESG goals has become a top priority for companies, too, as they look at ways to incorporate sustainability into all points of the supply chain. A few examples include SAP Category Management, buying 360 and SAP Central Invoice Management.

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Hey Procurement! It’s Time to SELL!

Supply Chain Game Changer

The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. People think of Procurement (inclusive of Purchasing) as the group that will find suppliers (often with the sole objective of cutting costs), negotiate deals, place purchase orders, and deal with supplier issues.

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PROCURE TO PAY AUTOMATION – BEST PRACTICES AND BENEFITS

Zycus Cognitive Procurement

The influence of automation is increasing day by day. 3) Tighter end-to-end integration enables fully automated processes, lower operating costs, reduction in FTEs etc. Some focus areas that need automation are: Purchase Requisition and Purchase Order Approvals. are some of the most common questions.

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What’s Next for Digital Procurement?

Jaggaer

This provides the foundation for visibility over all data, which is consistent for the execution of all processes, and for end-to-end process continuity, compliance and auditability. Earlier this year, JAGGAER introduced its own end-to-end platform, JAGGAER ONE: All processes, all data. One platform.