Procurement Tactics

DECEMBER 21, 2022

After taking the time to read this article, you will have a deeper understanding of what supply chain collaboration is all about. Thus, allowing you to know if your decision is right when the time comes you are going to collaborate in the supply chain. . Enhanced ethical standards. Ultimate Supplier Plotting Checklist 2023.

Collaboration 199

Collaboration Supply Chain Optimization Supply Chain Efficiency Supply chain 199

Procurement Insights

APRIL 12, 2025

ProcureTech Solution Providers and Agentic AI Stances Agentic AI in procurement involves AI agents handling tasks like sourcing, contract management, and supplier coordination with minimal human oversight, often integrated into platforms like SAP or Coupa. supplier analysis, spend optimization), automating workflows like order approvals.

Real-time Visibility 52

Real-time Visibility Ethics Contract Suppliers 52

Procurement Insights

MAY 21, 2025

Hansens agent-based Metaprise Model directly addresses the core concerns of Chief Procurement Officers (CPOs) by combining human-AI collaboration, real-time adaptability, and ecosystem-wide integration. Example: During a tariff spike, agents switch suppliers or adjust logistics routes, capping cost overruns.

supply chain budgeting 52

supply chain budgeting Real-time Visibility Stakeholder engagement Agile and Lean Supply Chain 52

Jaggaer

MAY 21, 2025

Lack of visibility across departments, impeding effective tracking of spending and contract status. Ineffective procurement practices can result in delayed infrastructure improvements, engagement with unqualified or high-risk suppliers, and a diminished ability to respond effectively in times of crisis.

Contract 52

Contract Sourcing Real-time Visibility Procurement 52

Jaggaer

MARCH 24, 2025

Impact on Procurement: Gen AI leverages vast datasets to generate actionable insights, helping procurement teams predict future trends, such as market shifts, supplier performance, and demand fluctuations. Impact on Procurement: Spend analytics give CPOs visibility into spending patterns, supplier performance, and inefficiencies.

Procurement 52

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

SCMDOJO

APRIL 15, 2025

Perhaps a critical supplier goes out of business, a natural disaster halts shipments, or new regulations are introduced that throw a wrench in your entire process. Operational risks: Supplier bankruptcies, poor quality control, or delays in logistics. Use analytics tools to monitor supplier performance and spot red flags early.

Agile and Lean Supply Chain 71

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting supply chain software solutions 71

Procurement Insights

JANUARY 3, 2025

20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management. Analytics and insights from procurement data were minimal.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

TYA Suite

NOVEMBER 15, 2024

This introduction to supplier risk management outlines the importance of effectively identifying and managing risks that may arise from suppliers. Supplier risk management is crucial for businesses, as it helps them mitigate potential challenges that can disrupt operations. This process is known as supplier risk management.

Risk management 40

Risk management Risk Suppliers Strategy 40

TYA Suite

MAY 23, 2025

As organizations grow and work with an increasing number of vendors, the process of onboarding new suppliers can become complex and resource-intensive. Vendor onboarding software tackles these challenges by simplifying the integration of new suppliers and partners into an organizations workflow.

Real-time Visibility 40

Real-time Visibility Suppliers Risk Contract 40

Jaggaer

FEBRUARY 5, 2025

The Power of Source-to-Pay Digital Transformation To put it briefly, source-to-pay refers to the entire process that starts with finding, negotiating with, and contracting the suppliers of materials, goods and services, and culminates in the final payment for those items. These begin with enhanced visibility.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

SCMDOJO

FEBRUARY 5, 2025

Comprehensive Curriculum: MCIPS covers a broad spectrum of topics, from procurement principles and strategies to contract management, negotiation, and ethical considerations. The interactive approach caters to learners who want to develop practical skills and gain real-world insights. This flexibility is ideal for busy professionals.

Procurement 54

Procurement Real-time Visibility supply chain budgeting Supply Chain Optimization 54

ivalua

SEPTEMBER 19, 2022

Loss of sales and market share are the most visible and measurable impacts. Under pressure to quickly identify new sources of supply, due diligence has–at times been reduced, thereby increasing the likelihood of quality issues, unknowingly supporting forced labor, or exposing organizations to fraud.

Risk management 130

Risk management Supply Chain Efficiency Supply Chain Optimization Risk 130

ivalua

JUNE 1, 2022

Overall, their strategy must move toward data-driven decision-making to provide real-time information visibility. By bridging the gaps, Amrest could even start the tendering process earlier with a wider range of suppliers. Suppliers can support company growth as part of the Amrest procurement journey.

Real-time Visibility 130

Real-time Visibility Agile and Lean Supply Chain Supply Chain Efficiency Procurement 130

Procurement Insights

APRIL 13, 2025

buyers, suppliers) interacting based on real-world commodity traits (e.g., It prioritizes centralized visibility and departmental empowerment over rigid ERP systems, achieving 23% savings in tests (e.g., supplier performance, tariff costs) to optimize decisions. cosmetics suppliers $0.32/unit kg margins).

Real-time Visibility 52

Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization Data 52

Jaggaer

APRIL 9, 2025

This ensures just-in-time (JIT) or just-in-sequence (JIS) delivery to reduce inventory costs. Direct material management involves demand forecasting, inventory control, and warehouse operations. Tools used here include supplier scorecards, audits, and performance tracking.

Agile and Lean Supply Chain 52

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

TYA Suite

MAY 13, 2025

It ensures that every team has the right resources at the right time, without delays or extra costs. This request typically includes details like the product specifications, quantities needed, and preferred suppliers. Issuing a purchase order (PO) After the request is approved, a is created and sent to the supplier.

Procurement 40

Procurement supply chain budgeting Supply Chain Efficiency Raw materials 40

TYA Suite

MAY 23, 2025

This statistic shows a real and common problem in many companies today. Now let's discuss how the right software can solve these problems and bring real value to your business. Additionally, businesses should assess whether the vendor complies with relevant industry standards, ethical practices, and legal regulations.

supply chain software solutions 40

supply chain software solutions Management Vendor relationships Real-time Visibility 40

Let's Talk Supply Chain

APRIL 20, 2025

Leveraging technology and‍ data analytics can further enhance visibility and transparency across the supply‍ chain, fostering a culture of compliance and agility ‍in adapting to tariff changes. Until next time, remember - compliance is not just an ‍obligation, but a strategic advantage.

Supply Chain Efficiency 52

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

Let's Talk Supply Chain

MARCH 3, 2025

Enhanced visibility across the supply chain is also crucial, as organizations look to minimize disruptions and improve overall operational efficiency. From automated warehouses to artificial intelligence-powered predictive analytics, the industry is witnessing a rapid evolution towards streamlined operations and enhanced visibility.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Logistics supply chain budgeting 52

ivalua

MAY 6, 2021

These include faster co-innovation with suppliers, working with sustainable and ethical suppliers and empowering employees — all of which will lead to increased business agility. . Smart software shifts from drilling down on existing data to alerting up, so managers can respond to events or trends in real time. .

supply chain software solutions 130

supply chain software solutions Procurement Agile and Lean Supply Chain Supply Chain Efficiency 130

Procurement Insights

MAY 22, 2025

is a leading AI-powered platform specializing in third-party risk management, compliance, and supplier lifecycle automation. AI-First Automation: AI is built into every step, simplifying workflows, automating processes, and delivering real-time insights for compliance, onboarding, KYC/AML, contract management, and ESG initiatives.

Supply Chain Efficiency 40

Supply Chain Efficiency supply chain budgeting Stakeholder engagement Agile and Lean Supply Chain 40

SupplyShift

MARCH 27, 2023

STANDARD ASSESSMENT Supplier ESG Assessment A social, environmental and business ethics performance assessment for your suppliers. Raise awareness, understand supplier risks, and continually improve conditions in your supply chain. Simply load your suppliers and start assessing.

Suppliers 52

Suppliers Real-time Visibility Ethics Supply chain 52

Jaggaer

MARCH 6, 2025

Harnessing Advanced Technologies & Proving Benefit Modern procurement systems must integrate advanced technologies to streamline processes and enhance decision-making: Artificial Intelligence (AI) and Machine Learning (ML): AI and ML are now indispensable for automating repetitive tasks, such as supplier evaluations and contract management.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement supply chain budgeting Sustainability 52

TYA Suite

JUNE 2, 2025

But purchasing is more than just placing orders, it's a structured process that ensures the right items are bought, from the right sources, at the right price, and at the right time. In many organizations, especially those with complex operations or large supplier networks, the is not handled casually. What is the purchasing process?

Purchasing 40

Purchasing supply chain budgeting Purchase orders Quantity 40

Procurement Tactics

SEPTEMBER 13, 2022

In recent years, there are numerous multinational corporations pledging to work only with suppliers that follow environmental and social standards. A sustainable supply chain is one that fully integrates ethical and environmentally responsible practices into a successful and competitive model. Supply Chain Sustainability: What is it?

Supply Chain Efficiency 183

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain Sustainability 183

IBM Supply Chain Blog

FEBRUARY 28, 2024

Because organizations with strategic sourcing mindsets look beyond price and cost savings-centered supplier selection initiatives. They consider factors—like supplier performance or sustainability —that support long-term partnerships, advance business needs and increase purchasing power.

Sourcing 94

Sourcing Strategy Supply Chain Efficiency e2e 94

TYA Suite

NOVEMBER 15, 2024

Each participant in the procurement process—whether they are suppliers, buyers, or logistics providers—has access to this shared ledger. This transparency is a game-changer because it enables all parties to view the same information in real time. This level of visibility is invaluable for several reasons.

Supply Chain Efficiency 40

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 40

IBM Supply Chain Blog

FEBRUARY 19, 2024

Supply chain disruptions are caused by a variety of factors, from pandemics, natural disasters and political instability to supplier bankruptcy and IT failures. They need strong SCM practices to help work out the logistics of transporting goods across long distances and through multiple countries without creating longer lead times or delays.

supply chain software solutions 81

supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 81

TYA Suite

APRIL 13, 2025

Think of it as a centralized hub that simplifies tasks like supplier negotiations, purchase approvals, budgeting, and delivery tracking. Heres why this matters toyou: Whether youre a small business owner, a team leader, or someone curious about streamlining workflows, understanding a can save time, money, and stress.

Management 40

Management Procurement Real-time Visibility Budget 40

SCMDOJO

JUNE 17, 2024

Port congestion at the main global crossroads in recent times has revealed the susceptibility of supply networks to logistical constraints. Supplier Reliability and Risk: Dependence on a limited pool of suppliers raises the risk of issues with them, such as erratic cash flow, changing laws, or natural disasters.

Supply Chain Efficiency 98

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 98

SCMDOJO

APRIL 24, 2024

Whether it will be worth it, only time will tell. The amplified visibility lets companies verify the authenticity and provenance of products, reduces the risk of counterfeiting, and helps ensure regulatory compliance. An expensive one, we dare say. Blockchain and supply chain transparency We can’t complete our list without blockchains.

Supply Chain Efficiency 85

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization supply chain budgeting 85

Finale Inventory

AUGUST 22, 2024

When managing a successful business, having dependable suppliers is vital. Finding suppliers you can trust to deliver quality products on time is key for maintaining customer satisfaction and ensuring smooth operations. This assessment ensures that you choose suppliers who meet your business requirements and expectations.

Suppliers 52

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

IBM Supply Chain Blog

MAY 1, 2024

Here are some ways generative AI is transforming supply chain management: Sustainability Generative AI helps to optimize companies’ supply chains for sustainability by identifying opportunities to reduce carbon emissions, minimize waste and promote ethical sourcing practices through scenario analysis and optimization algorithms.

Supply Chain Optimization 78

Supply Chain Optimization Agile and Lean Supply Chain Supply Chain Efficiency Supply chain 78

TYA Suite

DECEMBER 16, 2024

Ethical and sustainable sourcing is no longer just a trend; its a commitment to doing business responsibly. For eco-friendly businesses, sourcing products and materials ethically means prioritizing fair labor practices, minimizing environmental damage, and supporting sustainable suppliers.

Ethics 40

Ethics Sustainability Sourcing Supply Chain Efficiency 40

Planergy

FEBRUARY 24, 2025

How AP can improve relationships with your key suppliers. While less visible, these procurement areas are crucial for maintaining a functional educational environment. Vendor Selection Rigorous vendor selection processes ensure institutions partner with suppliers who can consistently meet quality, cost, and delivery expectations.

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

Spend Matters

MARCH 11, 2024

For our readers who couldn’t/didn’t attend, here are our own reflections based on the time we had ( if we missed you, apologies, but do reach out to us here to get your procurement tech solution in front of our analysts ). Supplier Master Files have changed, he said. So cleansing of SMFs is vital, even though it takes time.

Procurement strategies 112

Procurement strategies Innovation Strategy Procurement 112

Supply Chain Game Changer

APRIL 12, 2022

With the stakes so high it should be no surprise that the very prospect of supply continuity issues can create fear and wreak havoc on the time, focus, and mental well-being of Supply Chain professionals. By whatever means necessary (always ethical and legal of course) Supply Chain must get goods flowing again as quickly as possible.

Supply chain 119

Supply chain Supply Inventory Real-time Visibility 119