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

IBM Supply Chain Blog

DECEMBER 13, 2023

The role of procurement extends beyond transactional activities. A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. What is a procurement strategy?

Procurement strategies 65

Procurement strategies Strategy Procurement Supply Chain Efficiency 65

Procurement Software

APRIL 4, 2023

Over the last few years there has been a fundamental shift in how the procurement function has been viewed within a business. Once seen as a back-office administrative function, procurement has rightly moved into the spotlight. A whole new breed of procurement tech platforms have sprung up since the outbreak of the pandemic.

Procurement 59

Procurement e2e Purchase orders Buyers 59

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?

Procurement 71

Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 71

ivalua

JULY 14, 2021

The largest identified gap between procurement and payment is the Accounts Payable (AP) process. In order to truly cross this chasm, your business does not require major construction, but simply a supplier self-service portal. The ability to create a touchless Procure-to-Pay process will reduce the opportunity for fraud.

Real-time Visibility 130

Real-time Visibility e2e Suppliers Purchase orders 130

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

Pipefy

JANUARY 31, 2023

Why purchase request approval is important The purchase requisition approval process is the final layer of review that’s required for all purchase requests. Once purchase requisitions are processed and approved, a purchase order is generated and submitted to the vendor or supplier for fulfillment.

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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

Zycus Cognitive Procurement

JULY 27, 2021

Procure to pay automation has come a long way in the world of procurement. Once upon a time in procurement, a Chief Procurement Officer (CPO) may have been able to make decisions by relying on their instinct; after all, instinct is simply the product of years of distilled experience. Source-to-Pay Digitization Diagnostic.

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Procurement Real-time Visibility Chief Procurement Officer e2e 40

Supply Chain Game Changer

APRIL 23, 2019

The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. This is not to say that they believe Procurement doesn’t play a role, but rather that they don’t view Procurement as playing a critical role beyond cutting costs and finding suppliers.

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Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 50

Zycus Cognitive Procurement

NOVEMBER 24, 2021

Paper-based invoicing and maintaining manual records results in a lack of cost control, delay in payments and no spend visibility. Like staying on top of all things procurement? don’t miss out on our upcoming webinar on “Procurement Priorities for 2022: Go from Survive to Thrive” Register here: US / EU / APAC.

e2e 40

e2e Purchase orders Purchasing Vendor relationships 40

Supply Chain Game Changer

APRIL 21, 2020

So much time is spent in data entry, spreadsheet creation and manipulation, chart creation, purchase order changes, labelling, reporting and more that is wasteful. Advanced software systems can also support more automated planning, scheduling, procurement activities, fulfillment and replenishment, and Supply Chain tracking.

Agile and Lean Supply Chain 91

Agile and Lean Supply Chain supply chain budgeting supply chain software solutions Supply Chain Optimization 91

Zycus Cognitive Procurement

NOVEMBER 29, 2022

You may provide better demand visibility to the vendor partner. E.g., AI-driven advanced analytics and process mining can provide prescriptions for improving key processes like PR (Purchase Requisition) to PO (Purchase Order), PO to Payments, etc. Radically challenge traditional workflows and processes.

Strategy 52

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Zycus Cognitive Procurement

FEBRUARY 14, 2022

Digitizing supplier management’s entire gamut, including order processing, accounts receivable, and e-procurement can be the next logical steps. There is a lack of visibility of cash flow in your processes. The post 8 Signs You Need Accounts Payable (AP) Automation appeared first on Zycus Procurement Blog.

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Procurement Software

MAY 16, 2023

Buying Procure-to-Pay software (P2P) can bring huge benefits to your business. Having a single platform for the entire procurement process is not only a simple and efficient way to work. It can liberate procurement professionals by automating much of the drudgery zone of administrative and operational procurement.

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Procurement Purchase orders Real-time Visibility Purchasing 96

Jaggaer

OCTOBER 22, 2020

He was joined by Youness Taghrichte, Head of Procurement at Attijariwafa Bank, together with Richard Hogg, VP Northern Europe, JAGGAER, and Javier Lopez, Senior Value Engineer, JAGGAER. Spend management and procurement will play a key role in enabling banks to achieve their efficiency targets while managing supply chain risks,” he added.

Strategy 52

Strategy Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Supply Chain Game Changer

SEPTEMBER 17, 2019

First, consider that a digital supply chain enables complete, end-to-end connectivity and visibility : You can monitor and understand, in real time, what’s happening anywhere within that supply chain and make real-time decisions to create the outcomes that you desire. © Copyright Mortson Enterprises Inc.

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Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Real-time Visibility 59

Supply Chain Game Changer

AUGUST 26, 2021

Supply Chain Visibility Has Never Been More Important! Supply Chain visibility article and permission to publish here provided by Adam Miglio. Every single organization I have been a part of has been dependent on Excel spreadsheets for order tracking and expediting – and in some cases – even demand planning.

Supply Chain Visibility 103

Supply Chain Visibility Real-time Visibility e2e Agile and Lean Supply Chain 103

Pipefy

JUNE 15, 2023

As businesses complete their digital transformation and move away from complex (and often manual) legacy systems, modern procurement solutions are rapidly replacing traditional methods. Build a more efficient procurement with the Definitive Guide to P2P Optimization Download free guide What is cloud procurement?

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Procurement supply chain software solutions Purchase orders Procurement solutions 52

Pipefy

JANUARY 30, 2024

Improvements to existing procurement processes, procedures, and operations are as time-sensitive as ever. In the 2024 State of Procurement Data Report by Amazon Business, 95% of decision-makers surveyed acknowledge that there’s room for procurement optimization.

Agile and Lean Supply Chain 52

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

ivalua

MAY 15, 2022

Part I: Bridging the Gap between Procurement and Finance. To achieve their long-term goals, they needed to bridge the gap between their procurement and finance teams. . Currently, they’re seeing exceptional success in the purchase requisition, purchase order, and invoicing. A New Vision for Amrest. Where to begin?

e2e 130

e2e Procurement supply chain budgeting Purchasing 130

ivalua

MAY 15, 2022

Part I: Bridging the Gap between Procurement and Finance. To achieve their long-term goals, they needed to bridge the gap between their procurement and finance teams. . Currently, they’re seeing exceptional success in the purchase requisition, purchase order, and invoicing. A New Vision for Amrest. Where to begin?

e2e 130

e2e Procurement supply chain budgeting Purchasing 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?

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Procurement Software

MARCH 5, 2024

US procurement startups are killing it. It’s no surprise that in the home of big tech, Silicon Valley and seemingly endless VC investors, there’s a thriving and diverse procurement tech ecosystem. Let’s have a look at the who’s who in the American procurement startup space. Hot diggity dawg!

Real-time Visibility 52

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

Pipefy

JANUARY 31, 2023

Procurement risks occur as a result of unreliable purchasing and P2P processes. The procure-to-pay (P2P) process , also sometimes referred to as purchase-to-pay, is a structured workflow that involves receiving goods or services and issuing payments. Procure-to-pay is a part of the larger procurement process.

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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

Procurement Tactics

OCTOBER 18, 2022

33 Procurement Interview Questions in 2022. Supplier relationship management software is a very important factor for procurement managers to strengthen their relationship with their suppliers. Thus, enabling them to make smarter decisions regarding procurement strategies. . First Name. Download Free Whitepaper ?. ?.

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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

Pipefy

MAY 9, 2023

Definition of procurement KPIs Key performance indicators (KPIs) are measurements of the efficacy of a business department, process, or strategy. Procurement KPIs continually measure the progress of all things related to buying and obtaining goods and services necessary for a business’ operation.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 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

Pipefy

JANUARY 4, 2023

Procurement is a mission-critical business process. 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. That makes procurement automation more important than ever. Containing costs.

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Procurement Procurement team Purchase orders e2e 52

Pipefy

JANUARY 9, 2024

The procurement process is a complex series of workflows that spans various systems, departments, and operational business units. And that’s where smart procurement comes in. Smart procurement is the use of technology to improve efficiency and help build more agile procurement processes. What is smart procurement?

Supply Chain Efficiency 52

Supply Chain Efficiency Agile and Lean Supply Chain Procurement Supply Chain Optimization 52

Pipefy

FEBRUARY 13, 2023

While often used interchangeably, procurement and acquisition are two distinct resource strategies that fulfill two different needs with the help of various processes. Build better workflows with the Definitive Guide to Workflow Management Download now What is procurement? Is acquisition part of procurement? In a word, yes!

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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

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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Pipefy

MAY 3, 2023

Automate your invoice processing with The Definitive Guide to Procure-to-Pay Optimization Download now What is invoice processing? Invoice processing is the process of managing and handling incoming invoices for purchases made on behalf of a business. This includes information from the invoice, purchase orders, and receipt of goods.

e2e 52

e2e Purchase orders Purchasing Suppliers 52

Procurement Software

FEBRUARY 20, 2024

European procurement software startups are growing fast, and we’re constantly seeing new ones landing onto the scene. Lots of European procurement tech startups are still in early or growth phase. Lots of European procurement tech startups are still in early or growth phase. Procuretech in Europe is buzzing right now.

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