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?

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Inventory Management Real-time Visibility Inventory control 187

Jaggaer

FEBRUARY 5, 2025

These four steps constitute the downstream procure-to-pay part of the process. Optimizing source-to-paythrough digital transformation streamlines every stage of your procurement strategy, improving visibility, efficiency, and collaboration. These begin with enhanced visibility. Getting buy in is essential.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

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. Supplier Order Management Software: What it is?

supply chain software solutions 134

supply chain software solutions Suppliers Management Purchase orders 134

TYA Suite

MAY 23, 2025

The answer often lies in disconnected systems, manual workflows, and a lack of visibility between procurement and finance teams. Procure to pay automation addresses these issues by digitizing and streamlining the entire cycle, from to invoice payment. Once a purchase request is submitted, it enters an automated approval process.

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Real-time Visibility Procurement Supply Chain Efficiency e2e 40

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. . This approach involves the procure-to-pay cycle, order-to-cash cycle, and working capital management. .

Supply Chain Efficiency 181

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

Una

MAY 11, 2023

Building a Procurement Function From Scratch With the right approach, building a procurement function from scratch can create streamlined and efficient processes that deliver real value to your organization. The company has never had a dedicated procurement function before, so you’ve been granted a blank slate to work with.

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Procurement Real-time Visibility e2e Purchasing 98

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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Procurement e2e Contract Sourcing 113

Value Match

JULY 21, 2022

Procurement Best Practice. Procurement Policy Notes. Procurement Strategy. The Cabinet Office recently published a new policy paper entitled “ Transforming Public Procurement – our transparency ambition ”. Central government departments must publish their procurement pipelines, e.g. DIO , UKAEA , Home Office.

Strategy 96

Strategy Procurement Contract Bidding 96

Una

JULY 28, 2022

Partnering with Procurement to Make Good Things Happen. Partnering with procurement. This is particularly true in terms of the procurement function. Is your procurement team territorial? Is your procurement team territorial? Does your procurement team behave like a snapping saltwater crocodile?

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Procurement supply chain budgeting Procurement team e2e 98

IBM Supply Chain Blog

FEBRUARY 28, 2024

Now, sourcing and procurement professionals are reaping the rewards of such automation: streamlining workflows, boosting the bottom line and finding efficiencies. In addition to enhanced decision-making, flexibility and visibility, analytics engines paired with AI can help manage supplier risk.

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Sourcing Strategy Supply Chain Efficiency e2e 94

Spend Matters

AUGUST 21, 2024

Intake management and orchestration solutions are the newest procurement tools on the market. Intake solutions give users a single point of entry as well as more visibility into what happens with requests and when. But how do the people running day-to-day procurement operations perceive this relatively new technology?

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e2e Procurement Contract Vendor management 120

Procurement Tactics

DECEMBER 20, 2022

33 Procurement Interview Questions in 2023. Most of this software is designed to provide visibility into corporate spending, create ways in making the contract process efficient, and lower administrative costs. As an end-to-end contract management platform, it offers templates and a template editor to create contracts.

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Contract Management e2e Contract management 130

ivalua

MARCH 9, 2023

Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. ​ 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

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 117

Procurement Tactics

AUGUST 23, 2022

33 Procurement Interview Questions in 2022. Contract management, also known as contract lifecycle management, in the field of procurement refers to the handling of end-to-end contracting with the suppliers and other third parties of an organization. . My name is Marijn Overvest, I'm the founder of Procurement Tactics.

Contract management 130

Contract management Contract supply chain software solutions Management 130

Procurement Tactics

AUGUST 19, 2022

33 Procurement Interview Questions in 2022. My name is Marijn Overvest, I'm the founder of Procurement Tactics. Nowadays, the vendor management system is key to the success of any procurement team. Using it will help the procurement team to make the most of the supplier relationship. . First Name. Download Free PDF.

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Vendor management Management e2e Negotiation 130

TYA Suite

MAY 23, 2025

Stronger risk management and supply chain resilience Effective collaboration provides greater visibility into potential risks, such as raw material shortages or market disruptions. Supply chain visibility and transparency A key feature of supplier collaboration tools is enhanced visibility into the supply chain.

supply chain software solutions 40

supply chain software solutions Collaboration Supply Chain Efficiency Suppliers 40

Jaggaer

DECEMBER 13, 2024

What is Procure to Pay (P2P)? Procure-to-Pay commonly known as P2P, encompasses the entire cycle of buying activities from identifying a need for goods or services to completing payment to a supplier. A well-managed P2P process improves operational efficiency, controls costs, and enhances compliance with procurement policies.

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Supply Chain Efficiency Procurement Real-time Visibility e2e 52

Spend Matters

AUGUST 10, 2023

In today’s business landscape, effective digital procurement strategies are vital for organizations to optimize spend, enhance operational efficiency and address risk while maintaining an ideal user experience. This content does not express the views or opinions of Spend Matters.

Spend management 98

Spend management Management e2e Vendor management 98

Jaggaer

APRIL 9, 2025

Supply chain processes include procurement from source to pay, together with inbound logistics, production, quality control, outbound logistics and post-sales service. This recognizes the interconnected nature of procurement, production, logistics, and distribution. A supply chain is thus a complex sequence of operations.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization supply chain software solutions 52

Jaggaer

NOVEMBER 20, 2018

If you think about it, the strategy of planning for a Thanksgiving gathering is very similar to devising and executing a procurement strategy. If any comparisons can be drawn between Thanksgiving and procurement it’s this—technology makes both much easier, streamlined and in many cases cost-effective.

e2e 58

e2e Budget Inventory Procurement strategies 58

TYA Suite

APRIL 13, 2025

It helps businesses track purchases, control costs, ensure compliance with procurement policies, and maintain proper records. An automated purchasing system uses software to streamline procurement activities. allows different departments or locations to handle their own procurement.

Purchasing 40

Purchasing supply chain budgeting Supply Chain Efficiency Real-time Visibility 40

Claritum

NOVEMBER 16, 2018

Claritum Article - Procurement Blog. Address Procurement Strategy. Focus Procurement on supplier optimisation. Don’t lose Procurement’s focus on costs. Keep Procurement up to date. Procurement is a complex multidisciplinary team activity that crosses all areas of the business. Introduction.

Procurement 69

Procurement Procurement team Supply Chain Efficiency Purchasing 69

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 supply chain software solutions Procurement Agile and Lean Supply Chain 52

Pipefy

JANUARY 5, 2023

Digitalization is no longer the leading edge of procurement innovation — it’s the new industry standard. Businesses of every size and in every industry are using digital procurement to standardize processes, unify systems, and contain costs. Companies that still rely on manual procurement processes are at a competitive disadvantage.

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Procurement Procurement team supply chain software solutions e2e 52

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

Empowering CPO

JUNE 25, 2023

Understanding Procurement and its Business Significance At the heart of every thriving business is an effective and efficient procurement process. Procurement, in its simplest form, is the process by which businesses acquire the goods, services, or works they need from external sources. Introduction A.

Procurement 52

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

Procurement Software

MAY 14, 2024

Intake and procurement process orchestration is all about managing stakeholders as they navigate through the procurement process. Procurement is an intricate operation, with many moving parts and stakeholders, each playing a critical role in the harmony of your business operations. But, it’s way more than that.

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Procurement Real-time Visibility e2e Chief Procurement Officer 52

Pipefy

NOVEMBER 24, 2023

Many organizations have implemented software automation tools that allow them to get more done at a lower cost, but procurement is one area that has lagged behind in this trend. According to Amazon’s 2024 State of Procurement report, 95% of decision makers believe that procurement has room for optimization.

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Procurement Real-time Visibility Supply Chain Efficiency e2e 52

Empowering CPO

JULY 16, 2023

Introduction Brief Explanation of Managed Procurement Services In today’s interconnected business world, the seamless acquisition of goods and services is paramount to the smooth operation of any organization. This is where managed procurement services come into the picture.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Procurement Software

JUNE 4, 2024

Digital procurement tools for manufacturing companies are finally flourishing. While procurement technology for indirect spend continues to flourish, we’re now also seeing a new wave of great tech platforms for direct spend and component parts. 11 Great Procurement Tools for Manufacturing Companies How did we arrive at this list?

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement supply chain budgeting 52

Procurement Software

FEBRUARY 6, 2024

Nordic Europe has a long tradition for being innovative, and Nordic procurement startups are no exception. We’ve got the definitive lowdown on 10 procuretechs from Europe’s chilly northern reaches, who are heating up the digital procurement ecosystem. Less than 10 years old as a company. Which countries are included?

Procurement 52

Procurement supply chain software solutions Supply Chain Efficiency Negotiation 52

Empowering CPO

JULY 16, 2023

Introduction Brief Explanation of Managed Procurement Services In today’s interconnected business world, the seamless acquisition of goods and services is paramount to the smooth operation of any organization. This is where managed procurement services come into the picture.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

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 analytics creates the visibility procurement teams need to complete a spend analysis.

e2e 52

e2e Real-time Visibility Contract Procurement team 52

Claritum

AUGUST 4, 2020

Introduction Procurement is a complex. The variables and complexities of purchasing products and services, from basic supplies through to strategic purchases, make Procurement a key. the procurement function. the procurement function. The procurement environment is dynamic and constantly changing with.

Procurement 41

Procurement Procurement team Supply Chain Efficiency Purchasing 41

HICX

AUGUST 4, 2022

We took the opportunity at World Procurement Congress 2022 to ask leading practitioners and supplier experience experts for their thoughts on what this means for how we work with suppliers and the importance of understanding the suppliers’ perspective. Suppliers’ Perspective: Why it Matters?

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Pipefy

MAY 9, 2023

Definition of procurement KPIs Key performance indicators (KPIs) are measurements of the efficacy of a business department, process, or strategy. They are essential to measure the costs and reliability of a business strategy, as well as the performance and results.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52