Procurement Tactics

JUNE 28, 2023

These tools allow for automated, integration to suppliers and visibility in procurement data at any time. By applying historical data on pricing, quantities, and terms, it enables organizations to negotiate favorable terms with suppliers.

Supply Chain Efficiency 178

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

IBM Supply Chain Blog

DECEMBER 13, 2023

Additional procurement software includes spend analytics tools and supplier relationship management (SRM) software. These increase accuracy and productivity, track purchases and offers data visibility that informs decision making and reduces risk, inefficiencies and time-consuming delays.

Procurement strategies 73

Procurement strategies Strategy Procurement Supply Chain Efficiency 73

Pipefy

FEBRUARY 13, 2023

Source-to-pay (also known as S2P) is a process within procurement that encompasses activities associated with business and supplier interactions. Typically, the source-to-pay process is used to fulfill needs like finding new suppliers that offer lower prices, better terms, or goods/services not offered by current suppliers.

Sourcing 52

Sourcing e2e Purchase orders Bidding 52

Empowering CPO

JUNE 25, 2023

Through tools like spend analysis, businesses can gain in-depth insights into their spending patterns, identify cost-saving opportunities, and drive strategic sourcing. AI can enhance supplier selection, contract negotiation, and risk management, while blockchain can improve transparency and traceability in the supply chain.

Procurement 52

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