Arkestro

DECEMBER 12, 2022

What Are the Biggest Procurement Challenges in Health and Pharma? Beyond procurement teams working within the constraints of profit and cost savings, lives are at stake. Supply Chain Visibility. Supply chain visibility is another critical issue. Predictive Procurement: Solutions for Health and Pharma.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

Spend Matters

OCTOBER 26, 2023

We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. But mobile phones have radically evolved since 1983, and procurement is still running into the same problems caused by relying on this strategy. Today please get to know akirolabs.

e2e 89

e2e Strategy Procurement team Procurement strategies 89

Procurement Tactics

JUNE 28, 2023

Invest in Technology Leveraging procurement software or enterprise resource planning ERP systems offering a robust tracking and reporting capability. These tools allow for automated, integration to suppliers and visibility in procurement data at any time.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Pipefy

DECEMBER 20, 2023

Strategic procurement leverages data to reduce risks across the entire procure-to-pay process and identify opportunities for long-term and continuous forecasting and optimizations. This also leads to more advantageous strategic sourcing. Why is strategic procurement important?

Supply Chain Efficiency 52

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

IBM Supply Chain Blog

DECEMBER 13, 2023

In addition, a well-crafted procurement framework fosters innovation and sustainability. It can nurture collaborative partnerships with suppliers and integrate ethical and environmental (green purchasing) considerations into the sourcing strategy. A procurement strategy is not merely a series of steps for acquiring goods and services.

Procurement strategies 70

Procurement strategies Strategy Procurement Supply Chain Efficiency 70

Supply Chain Game Changer

OCTOBER 28, 2021

Lack of Visibility Beyond Tier 1. According to the 2021 Deloitte Chief Procurement Officer Survey, “Around 70% of CPOs felt that they had good visibility on the risks that existed in their direct (tier 1) suppliers. And, only 15% had visibility into tier 2 or beyond. Dirty Little Secret #1.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

Spend Matters

SEPTEMBER 14, 2023

Strategic sourcing remains critical, especially given our inflationary environment. What we do know is that supply chains often account for more than 90% of a company’s environmental footprint, and SAP can help provide visibility into the data across this value chain. A recurring request is to reduce risk and contain costs.

Procurement 102

Procurement Supply Chain Efficiency Category management e2e 102

ivalua

DECEMBER 18, 2019

Reduction in cost of supporting other master datasets — Supplier master data can overlap with datasets with other datasets creating multiple sources of truth that require maintenance and can become disjointed causing errors. Based on these points, Procurement is generally the lead in many successful supplier master data programs. .

Data 130

Data Suppliers Management Procurement 130

Pipefy

MAY 23, 2023

It also provides visibility into your entire invoice workflow, from issuance to payment. Automating these tasks frees procurement teams to focus their working hours where they’re most needed. End-to-end integrations A new digital procurement tool may replace a few software systems in your tech stack.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

Pipefy

JANUARY 11, 2023

In order to prepare for the next great disruption, a total overhaul of processes through procurement transformation is required to unlock a business that will not only survive but thrive as well. What is procurement transformation? What is a procurement transformation strategy? A profound break in how procurement teams work.

Strategy 52

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

HICX

MAY 12, 2023

Automate the simple As Sam explains, “We need to break our procurement teams free from the day-to-day tasks that burden them.” In his words, “If we don’t have visibility of it, we don’t know where to go at it.” Analytics, on the other hand, done correctly, can provide this visibility.

e2e 52

e2e Real-time Visibility Supply chain resilience Risk management 52

Let's Talk Supply Chain

JUNE 27, 2022

Some reports tie Coca-Cola to sugar sourced from Xinjiang and also document Uyghur workers in a factory that makes Nike shoes in Qingdao. Arguably the biggest issue facing importers today is the lack of visibility and transparency in their supply-side networks. Rob is currently CEO and founder of Mercado Labs.

Import 52

Import Supply Chain Efficiency Agile and Lean Supply Chain e2e 52

SupplyShift

DECEMBER 6, 2021

In the wake of supply chain disruptions and global shortages, businesses are quickly recognizing the need for greater visibility over their supply network, from documenting the origin of material components to tracking shipments. When executed properly, this invitation will cascade its way down the supply chain until it’s reached the source.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain e2e 52

SupplyShift

DECEMBER 6, 2021

In the wake of supply chain disruptions and global shortages, businesses are quickly recognizing the need for greater visibility over their supply network, from documenting the origin of material components to tracking shipments. When executed properly, this invitation will cascade its way down the supply chain until it’s reached the source.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain e2e 52

Arkestro

JUNE 6, 2023

Purchase Price Variance: How efficient is the procurement team at negotiating on price? Procurement ROI: What is the ratio between annual cost savings and annual internal cost of procurement? However, just 15% of CFOs feel like they have visibility into tier two suppliers and beyond — a major blind spot.

Supply Chain Efficiency 52

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

ivalua

MARCH 9, 2023

A comprehensive Source-to-Pay platform is a critical component of an organization’s IT environment. It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. What is Source-to-Pay?

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

World of Procurement blog

JANUARY 12, 2022

With so many great solutions out there, Procurement teams will either be procuring these for their legal teams or being involved in the day to day usage of them. This shift will mean more focus on contract authoring, which procurement solutions typically don’t offer. What a time to be in the profession.

Contract management 52

Contract management Contract Management e2e 52

Jaggaer

OCTOBER 22, 2020

In our poll, webinar participants saw business partnering, supplier innovation and collaboration, and supply chain risk management as their key areas of focus for procurement. Attijariwafa Bank has successfully implemented a source-to-contract solution with the JAGGAER ONE platform. It has subsidiaries in Europe and in Egypt.

Strategy 52

Strategy Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Pipefy

JANUARY 31, 2023

This complexity creates headaches for procurement teams and fuels an error-prone and resource-consuming approval loop that obstructs visibility into the approval process. These inefficiencies are not only costly, but they can trickle down and negatively impact purchasing and procure-to-pay processes.

Purchasing 52

Purchasing Purchase orders Real-time Visibility e2e 52

Supply Chain Game Changer

MARCH 28, 2020

So if your Procurement team is truly a transactional based organization today then your focus needs to be on getting it out of the dark ages and into modern times. The starting point is defining where you Procurement team is on the Procurement Value Chain continuum. Procurement 101. ” Conclusion.

Procurement 71

Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 71

Zycus Cognitive Procurement

JULY 27, 2021

You can perform a task such as spend analysis or category market analysis in next to no time with the aid of a smart procurement solution. In other words, gathering facts before making a procurement decision doesn’t necessarily mean lengthy delays. Source-to-Pay Digitization Diagnostic. Invoice Matching. ROI consideration.

Procurement 40

Procurement Real-time Visibility Chief Procurement Officer e2e 40

Claritum

AUGUST 4, 2020

should Procurement be involved in these transactions? The Procurement team need only to be able to monitor and report as. According to the Hackett Group’s analysis of its procurement. benchmarking database, world-class procurement organizations have a. The focus on strategy means that your Procurement team is now.

Procurement 41

Procurement Procurement team Supply Chain Efficiency Purchasing 41

Jaggaer

OCTOBER 8, 2019

revealed heightened awareness of digital technologies and their potential to transform the procurement function, but little progress over the past two years. We dealt with one of them in the previous article in this series: the need to integrate data across the full spectrum from source-to-pay. It identified a couple of key challenges.

Procurement 40

Procurement e2e Agile and Lean Supply Chain supply chain software solutions 40

Supply Chain Game Changer

APRIL 23, 2019

So if your Procurement team is truly a transactional based organization today then your focus needs to be on getting it out of the dark ages and into modern times. The starting point is defining where you Procurement team is on the Procurement Value Chain continuum. Procurement 101. ” Conclusion.

Procurement 50

Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 50

Supply Chain Opz

JANUARY 22, 2016

The concept of “connected logistics” covers the relevant end-to-end processes of warehouse management, transportation management, track & trace and the entire logistics network. Thus, increased real-time visibility into shipments leads to more efficient throughput of goods and reduced logistics lead times.

Supply Chain Efficiency 49

Supply Chain Efficiency supply chain software solutions Supply Chain Optimization Supply chain 49

Claritum

NOVEMBER 16, 2018

Why would or should Procurement be involved in these transactions? The Procurement team need only to be able to monitor and report as needed on the flow of purchasing transactions. The focus on strategy means that your Procurement team is now operating in a command and control role, as opposed to service role.

Procurement 69

Procurement Procurement team Supply Chain Efficiency Purchasing 69

Pipefy

JANUARY 30, 2024

Teams will need to rely on greater investments in the right tools and technology to make these optimizations, from no-code automation to AI and data analytics. That’s where procurement, sourcing, and purchasing technology comes in. To do any of these effectively, they need the right procurement technology.

Agile and Lean Supply Chain 52

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

Pipefy

FEBRUARY 13, 2023

One of the tactical processes leveraged to realize strategic goals is the source-to-pay process. Here’s everything you need to know about source-to-pay, from what it looks like in practice to how source-to-pay automation can improve procurement efficiency. When is source-to-pay used?

Sourcing 52

Sourcing e2e Purchase orders Bidding 52

Spend Matters

FEBRUARY 22, 2024

From siloed tools to unified process orchestration Isolated tools that originally helped companies organize and track operations gave way to automated procurement systems, which are now beginning to be nudged out by specialized third-party platforms that create a unified experience for internal and external stakeholders.

Supply Chain Efficiency 87

Supply Chain Efficiency Real-time Visibility Management supply chain software solutions 87

Una

JULY 28, 2022

This is particularly true in terms of the procurement function. Is your procurement team territorial? Does your procurement team behave like a snapping saltwater crocodile? Maverick spend goes wild, savings targets are not met, and procurement fails to realize any value beyond the most basic measures.

Procurement 98

Procurement supply chain budgeting Procurement team e2e 98

Zycus Cognitive Procurement

DECEMBER 10, 2021

Advantage Source-to-Pay(S2P). The Source-to-Pay(S2P) process begins with identifying and evaluating relevant suppliers, contracting with those suppliers, placing orders, monitoring the supply of the ordered products and services, authorization, and the final release of payment. Learn More: Zycus Source to Pay Suite.

Sourcing 52

Sourcing e2e Contract supply chain budgeting 52

Pipefy

JANUARY 4, 2023

But the inherent complexity of the procurement process means that it’s also prone to inefficiencies, errors, and broken handoffs. That makes procurement automation more important than ever. Escalating supply-chain volatility and inflation put pressure on procurement teams to “do more with less.” Containing costs.

Procurement 52

Procurement Procurement team Purchase orders e2e 52

Pipefy

JUNE 14, 2023

Spend analysis in procurement provides teams with actionable insights and improvements to optimize existing procurement processes, reduce costs, increase efficiency, generate bottom-line business value, and grow competitive advantages. Spend analysis is necessary for strategic sourcing. not reviewing spend data regularly.

Real-time Visibility 52

Real-time Visibility e2e Procurement team Contract 52

Pipefy

FEBRUARY 3, 2023

Invoices provide procurement teams the ability to leverage information from past purchases to better inform future purchases. Automated invoice processing simplifies end-to-end invoice processing activities by eliminating the time and costs associated with manually processing invoices.

e2e 59

e2e Management Purchase orders Real-time Visibility 59

Procurement Software

MARCH 5, 2024

Raindrop Raindrop is one of a number of US procurement startups offering enterprise-level spend management platforms. At its heart is a source-to-pay suite offering a range of functionality, with a complete suite of cloud-based modules. All while offering risk mitigation derived from various different external data sources.

Real-time Visibility 52

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

Pipefy

MAY 9, 2023

Monitoring procurement KPIs is a vital part of keeping track of an organization’s overall health and the smaller endeavors that contribute to that. 22 KPIs every procurement team should track As procurement has evolved so has the work of procurement teams, and especially so in recent years.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

Pipefy

JANUARY 31, 2023

Procurement risks occur wherever visibility and control are limited. Unoptimized P2P processes pose risks not only for procurement and accounts payable teams but also for the business as a whole. Purchases that evade compliance policies occur when visibility is limited by data or collaboration silos.

Risk 52

Risk Procurement e2e Purchase orders 52