ivalua

FEBRUARY 27, 2023

It also has an impact on procurement teams as they are responsible for managing supplier relationships, identifying opportunities for cost savings, and ensuring that goods and services are delivered on time and within budget. This ensures contracts remain favorable and all stakeholders comply with negotiated terms.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

Bonfire

APRIL 3, 2023

For many of them, their organizations have invested a lot of time and money in ERP systems that do many things well and are there to stay. There’s often little visibility into supplier performance and risk, limited supplier collaboration and communication, and little or no ability to manage supplier contracts and agreements.

Eprocurement 52

Eprocurement Bidding Strategic sourcing Strategic sourcing 52

Procurement Software

JULY 18, 2023

When you think of the best purchasing software solutions for SMEs, or procurement tech in general, you probably think “expensive” This list of 15 procurement tools specifically targeted to smaller and growing businesses will prove it’s not so. It gives you full visibility of your spend data, all in one place.

Purchasing 52

Purchasing Contract Negotiation Real-time Visibility 52

Claritum

FEBRUARY 14, 2019

Gaining Visibility and Control. Decentralised), the products having unique/custom requirements, and/or sensitive time-lines and quality standards that cannot be compromised. Short purchasing cycles. Short purchasing cycles. 3 Gaining Visibility and Control. Claritum Article - Procurement Blog. Introduction.

Real-time Visibility 36

Real-time Visibility Spend management Management Eprocurement 36

Zycus Cognitive Procurement

JANUARY 16, 2023

You must have found yourself struggling with limited visibility into preferred or contracted suppliers, contract utilization status, budgeting issues, and multiple requirements for sourcing low dollar items or services. It is usually time consuming, require multiple approvals and follow ups. Lack of pricing compliance .

Sourcing 52

Sourcing Real-time Visibility Procurement Buyers 52

Bonfire

MARCH 29, 2022

Crown corporations purchase a variety of goods and services, from professional services to technology to general goods. Most agencies require a purchase order (PO) for almost every purchase in order to issue payment. Depending on the purchase, contract lengths are generally 3-5 years with the option for renewal.

Procurement 52

Procurement Eprocurement Real-time Visibility Bidding 52

Claritum

MAY 2, 2019

If your procurement team is spending over half their time on transactional activity, what opportunities are they missing? Purchase Order *. As, whilst Procurement professionals are deeply involved in transaction related activities, they do not have time to effectively address this second list. 1 Introduction. Need recognition.

Real-time Visibility 44

Real-time Visibility Procurement Purchase orders Eprocurement 44

Claritum

JANUARY 25, 2019

Supply Chain eProcurement technology adoption poses a great many challenges for small to medium sized companies. See our article on eProcurement adoption for more details on this. What are the key drivers for SME adoption of Supply Chain Management eProcurement platforms? Effective and timely order fulfilment.

Supply chain management 36

Supply chain management Supply chain management Supply Chain Efficiency Supply chain 36

Claritum

FEBRUARY 4, 2020

In this article we look at what we think are the 5 most important steps towards effective eProcurement. Image of the 5 Steps to best practice Visibility, Control, Efficiencies, Savings and Creating value. Visibility. Without visibility of spend you cannot progress. Without visibility of spend you cannot progress.

Real-time Visibility 41

Real-time Visibility Procurement Supply Chain Efficiency Spend management 41

NLPA (Next Level Purchasing Association)

APRIL 24, 2024

A report by the Dubai Chamber of Commerce and Industry states that digitizing procurement processes can reduce processing times by up to 60%. Simplified Auditing : Auditing procurement activities can be tedious and time-consuming. Cashless procurement systems automate these tasks, streamlining the entire workflow.

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility Procurement Supply Chain Optimization 52

Claritum

JUNE 25, 2019

Bath, UK (June 25, 2019) – Claritum, together with Setsquared and the University of Southampton Business School, has secured an Impact Acceleration Award* focused on using AI Data Analytics to identify issues, gain better spend visibility and make faster business decisions. By enabling employees to purchase goods through catalogues easily.

Real-time Visibility 36

Real-time Visibility Eprocurement Procurement Data 36

Zycus Cognitive Procurement

NOVEMBER 29, 2022

In good times, operating leverage (ratio of fixed and variable costs) can supercharge profit growth. However, in times of growth, new costs and expenses also tend to creep in, and over time, these costs harden and morph into fixed cost structures. In troubling times, high operating leverage comes back to bite, crushing profits.

Strategy 52

Strategy Real-time Visibility Contract e2e 52

Procurement Software

FEBRUARY 20, 2024

Feature highlights include: Easy to use five-category classifications, best in class enterprise taxonomy, the ability to gain insights from trend analysis and organisation behaviours, 100% spend visibility and proprietary machine learning algorithms designed to deliver accuracy. M&A) The solution gives you full spend visibility.

Supply Chain Efficiency 59

Supply Chain Efficiency supply chain software solutions Procurement Real-time Visibility 59

Empowering CPO

JUNE 14, 2023

It is a strategic process that involves identifying business needs, sourcing suppliers, negotiating contracts, managing supplier relationships, and ensuring the timely delivery of high-quality products or services. These models are often accompanied by practices such as annual rate contracts, bulk buying, and just-in-time purchasing.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Claritum

MAY 20, 2019

Procurement automation should speed up processes and free employees from repetitive time-consuming administration. Common problems, in the procurement process, that can be fixed by automation include: the approval process is manual and time consuming. This encourages use and also minimises the time needed for staff training.

Procurement 32

Procurement Real-time Visibility Eprocurement Bidding 32

Claritum

OCTOBER 3, 2017

Recognizing these inefficiencies of purchasing marketing services across multiple countries, James Samuels and Paul Barker founded Claritum in 2002 to help companies streamline the purchasing of print and marketing services. Optimizing Spend Visibility, Control, Cost Savings and process Efficiencies. Future of Endless Solutions.

Real-time Visibility 32

Real-time Visibility Procurement Supply Chain Efficiency Supply Chain Optimization 32

Claritum

NOVEMBER 23, 2017

Employees who need to make a purchase can easily search online to find the right supplier or product. Visibility. Businesses that use email for purchasing lack visibility of their spending. Any questions can be fired back and forth with suppliers or co-workers to check before the order is placed.

Real-time Visibility 32

Real-time Visibility Procurement Buyers Negotiation 32

Claritum

JULY 16, 2019

The purchase of goods and services can be split into two primary procurement domains: The Strategic Core purchases that enable an organisation to produce their product or service (called Strategic Spend by many organisations). Better outsourced, so they can focus on automation for their strategic purchases and supply chains.

Procurement 32

Procurement Purchasing Supply Chain Efficiency Real-time Visibility 32

Pipefy

MAY 9, 2023

Build a more efficient and connected procure-to-pay process with The Definitive Guide to P2P Optimization Importance of procurement KPIs Procurement has evolved over the years from transactional functions (now associated with purchasing) to encompass strategic activities focused on maximizing and creating value for a business.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

Procurement Insights

OCTOBER 20, 2023

At the time, it was as much whimsy as it was reasonable contemplation. I say reasonable because that was the time when many people started asking the question, “Why can’t buying at work be as easy as it is at home on Amazon? . ” Comparison Results: Amazon AWS is the clear winner in this comparison.

Buyers 78

Buyers Real-time Visibility Eprocurement Procurement 78