Procurement Tactics

DECEMBER 6, 2022

Spend Management — The Ultimate Guide of 2023. Spend management is an important process to reduce losses and mistakes. However, how do you manage your spending? In this article, we will discuss what spend management is. We will tell you the challenges and benefits of spending management. What is Spend Management?

Spend management 172

Spend management Management Real-time Visibility Budget 172

ivalua

MAY 9, 2023

Ivalua Spend Management Insights [ivory-search] Lost in Public Space: Exploring the Unknown with the Norwegian Public Sector Segment May 9, 2023 | | Public Sector /by he I have spent most of my career in the private sector and started to get in contact with the space in recent years. Where to Start?

Procurement 246

Procurement Strategy Strategic sourcing Strategic sourcing 246

Planergy

SEPTEMBER 5, 2023

Clients and results More Customers We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend.

supply chain budgeting 92

supply chain budgeting Budget Real-time Visibility Spend management 92

Procurement Tactics

JUNE 8, 2023

Warehouse automation involves using technology and software to make warehouse operations more efficient and reduce the need for manual labor. The robot’s movement is tracked and recorded by the software, ensuring accurate inventory management and reducing errors. It can also refer to using software to replace manual tasks.

supply chain software solutions 178

supply chain software solutions Warehouse operations Order Fulfillment Inventory 178

IBM Supply Chain Blog

DECEMBER 1, 2023

The fast-paced business world we live in today requires smart tools to manage a business’s operations and everyday needs. Enterprise resource planning (ERP) is a business management software built to do just that. Some ERP software providers may also provide industry-specific ERP solutions or modules.

supply chain software solutions 92

supply chain software solutions Supply Chain Optimization Data Management 92

Procurement Tactics

JULY 19, 2023

In this article, we will discuss what warehouse management is. We will talk about the importance and the processes involved in managing your warehouse. Additionally, we will tell you some tips on improving your warehouse management. Thus, you can effectively use some of our tips to improve your warehouse management.

Supply Chain Optimization 170

Supply Chain Optimization Supply Chain Efficiency supply chain software solutions Supply chain 170

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. What is Inventory Management?

Inventory 187

Inventory Management Real-time Visibility Inventory control 187

Planergy

SEPTEMBER 8, 2023

Clients and results More Customers We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend.

Budget 52

Budget Spend management Management Purchasing 52

Procurement Tactics

MAY 23, 2023

The bullwhip effect is a phenomenon that occurs in supply chain management where small fluctuations in demand can result in large variations in supply chain activities, such as inventory levels, production schedules, and transportation. Poor lead time Lead time is crucial in inventory management and affects meeting customer demand.

supply chain software solutions 212

supply chain software solutions Supply chain Supply Inventory 212

Planergy

JULY 27, 2023

Clients and results More Customers We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend.

Real-time Visibility 52

Real-time Visibility Management Purchasing Budget 52

Procurement Tactics

JULY 2, 2023

When it comes to procurement, a job order is created to initiate and manage the procurement process. Managers and businesses may be able to monitor their expenditures in comparison with the approved and allocated budget by indicating expected costs and financial parameters in a job order.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

Procurement Tactics

JUNE 22, 2023

Software used in Purchase Order Here are some of the best purchase order software available in the market: 1. Precoro Precoro is a full-fledged procurement software that eliminates manual work processes to save time, resources, and money. ” But what is it exactly, and how can it benefit your organization?

Purchase orders 191

Purchase orders Purchasing Quantity Buyers 191

Spend Matters

JANUARY 5, 2024

Its approach uses an all-in-one spend platform that combines expense management, corporate cards, travel and business accounts. Its approach uses an all-in-one spend platform that combines expense management, corporate cards, travel and business accounts. AP Automation Tipalti is an AP automation specialist.

e2e 79

e2e Procurement supply chain software solutions Contract 79

Procurement Tactics

NOVEMBER 8, 2022

Supply chain management is a crucial aspect of operations from small businesses to multinational corporations. The management must focus not only on making the supply chain more efficient to improve the bottom line. Do not consider it an unnecessary expense but a long-term investment that can yield significant cost savings.

supply chain budgeting 182

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization supply chain software solutions 182

Procurement Tactics

JULY 4, 2023

Use should-cost model software that can aggregate data from multiple sources and automate the analysis. Should Cost Model Tooling/Software There are several should-cost model tools/software available in the market that can help you create and manage your should-cost models.

Raw materials 209

Raw materials supply chain software solutions supply chain budgeting Price 209

Spend Matters

JANUARY 30, 2024

Today let’s hear from the last of the submissions for this year: Ruth Orenstein, Senior Director of Product Management at Tipalti , a provider of supplier management solutions and one of Spend Matters 50 Procurement Providers to Know. In particular, companies are streamlining their intake management process.

Procurement solutions 90

Procurement solutions Procurement Spend management Collaboration 90

Procurement Tactics

JUNE 5, 2023

The use of advanced technologies and logistics strategies is often necessary to manage the complexity and risks associated with a global supply chain. Therefore, managing and adapting to global supply chains is important for businesses to remain competitive and resilient in an ever-changing global marketplace. Why is it Important?

supply chain budgeting 192

supply chain budgeting supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 192

Procurement Tactics

JUNE 8, 2023

These businesses often rely on manual inventory counting, without the need for accounting software. A periodic inventory system is software that enables companies to conduct periodic physical counts of their stock. The resulting figures and reports can be exported to accounting software. When to Use it?

Inventory 192

Inventory Real-time Visibility supply chain software solutions Quantity 192

Supply Chain Game Changer

MARCH 26, 2021

5 Insights for Managing Your Fleet Strategy! Fleet management costs article and permission to publish here provided by Bryan Christiansen. Here are 5 ways that a company can reduce operational expenses for fleet management. While appealing, the action provides only short term benefit at the expense of the overall effort.

Management 98

Management supply chain software solutions Supply Chain Efficiency supply chain budgeting 98

Planergy

MAY 30, 2023

Clients and results More Customers We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend.

Real-time Visibility 52

Real-time Visibility Management Purchase orders Purchasing 52

Procurement Software

MAY 16, 2023

Buying Procure-to-Pay software (P2P) can bring huge benefits to your business. What factors determine good procurement software for the mid-market? SMEs are unlikely to see an ROI on procurement software unless it’s a lower-priced software with relatively basic functionality. What is considered a mid-market business?

Procurement 96

Procurement Purchase orders Real-time Visibility Purchasing 96

Supply Chain Game Changer

SEPTEMBER 16, 2022

Small businesses are usually low on staff and might not have the budget to invest in expensive accounting services. Poor budgeting and lack of financial management can put you on the path to downfall. Track business expenses. Manually recording expenses through paper receipts is time-consuming and slows down productivity.

supply chain budgeting 86

supply chain budgeting supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 86

Procurement Tactics

NOVEMBER 29, 2022

We will tell you about MRO purchasing and MRO inventory management. Even though MRO is traditionally focused on managing the indirect spend, it gained increased attention as businesses continue to look for ways to reduce costs. . MRO Inventory Management – What is it and Why is it Important? Pumps, motors, compressors.

Procurement 168

Procurement Inventory Purchasing Procurement strategies 168

Procurement Software

APRIL 2, 2024

But often, those who aren’t familiar with the procurement software market mistakenly overestimate the cost. The reality is that procurement tech doesn’t have to be expensive. You don’t need a 6-figure software budget or a large sum to hire consultants for implementation. We’d all like the latest digital procurement tools.

supply chain budgeting 52

supply chain budgeting supply chain software solutions Procurement Budget 52

SCMDOJO

SEPTEMBER 26, 2023

Supply chain management professionals know the essentiality of Enterprise Resource Planning (ERP): these software systems automate everything from procurement, inventory, and financials, as well as assist with customer relations and human relations. We’ll discuss everything you need to know about this powerful consulting strategy.

Supply chain management 72

Supply chain management Supply chain management supply chain software solutions Agile and Lean Supply Chain 72

ivalua

SEPTEMBER 7, 2022

The global industrial minerals group will deploy Ivalua’s Spend Management platform across five continents to digitize the Source-to-Requisition (S2R) process. Ivalua is a leading provider of cloud-based Spend Management software. Redwood City, CA, September 7, 2022. It employs 17,000 people and has more than 15,000 customers.

Purchasing 130

Purchasing Suppliers Raw materials Management 130

Let's Talk Supply Chain

AUGUST 28, 2023

Today I’m joined by Reveel, a forward-thinking digital platform that is on a mission to level the playing field with innovative shipping intelligence technology that gives businesses control over their parcel shipping expenses. 21.45] A closer look at Reveel’s shipping data analytics software, what it can do and how it helps customers.

Supply Chain Efficiency 98

Supply Chain Efficiency supply chain software solutions Data Price 98

Spend Matters

MARCH 26, 2024

In today’s dynamic business landscape, effective spend management is crucial for maintaining financial controls and achieving sustainable growth. However, many organizations still find themselves grappling with cumbersome and needlessly complex legacy spend management technologies which hinder, rather than facilitate, their efforts.

Spend management 87

Spend management Management Real-time Visibility Innovation 87

SCMDOJO

JANUARY 18, 2024

Globalization has sped up business growth and enhanced the need for management tasks. In the supply chain, order management and inventory management play significant roles in rapid growth. Business success requires efficiency and effectiveness in managing an increasing number of orders. What is Order Management?

Supply Chain Optimization 74

Supply Chain Optimization supply chain software solutions Supply Chain Efficiency Real-time Visibility 74

SCMDOJO

NOVEMBER 30, 2023

This necessitates that both the client and the vendor have a distinct comprehension of the tangible issues the client is dealing with, how the software will serve to resolve those problems, and consequently, which software elements are vital for this initiative. Hence, risk management is always a paramount concern.

supply chain software solutions 74

supply chain software solutions Supply Chain Efficiency Supply chain management Supply chain management 74

The Good Spending

MARCH 3, 2024

It refers to transforming traditional IT products into service-oriented offerings, wherein the focus shifts from merely selling hardware or software to providing comprehensive solutions and ongoing support. Yet another tool for your sourcing and category management to consider applying.

Procurement 59

Procurement Sourcing Category management Procurement strategies 59

Procurement Tactics

AUGUST 31, 2022

We know that an invoice is a term used to define the expenses that are incurred while using goods or services. A great e-invoicing software will have numerous levels of security measures to safeguard records and confidential information from hackers. . Using e-invoice software can minimize late payments. What is E-Invoicing.

supply chain software solutions 130

supply chain software solutions Procurement supply chain budgeting Supply Chain Efficiency 130

IBM Supply Chain Blog

FEBRUARY 19, 2024

In today’s complex global business environment, effective supply chain management (SCM) is crucial for maintaining a competitive advantage. Here’s how companies are using different strategies to address supply chain management and meet their business goals.

supply chain software solutions 86

supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 86

IBM Supply Chain Blog

MARCH 27, 2024

EclipseStore, a groundbreaking data storage platform from MicroStream , is revolutionizing the development of cutting-edge software applications. This combination empowers developers to build highly scalable Java applications that deliver unparalleled performance, while substantially minimizing infrastructure expenses.

Data 100

Data Demand Collaboration Innovation 100

Procurement Templates

JUNE 18, 2023

Central banks and governments often aim to manage inflation to maintain price stability and promote economic growth. Money buys less than before How should procurement manage inflation? ChatGPT Procurement departments can take several steps to manage inflation effectively.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

IBM Supply Chain Blog

JULY 26, 2023

Instead of relying on the previous year’s budget, ZBB requires you to evaluate and justify every expense from the ground up, justifying its necessity and alignment with strategic goals. The zero-based budgeting process is a strategic budgeting approach that mandates a fresh evaluation of all expenses during each budgeting cycle.

Budget 59

Budget Data Cost optimization Collaboration 59

Planergy

OCTOBER 18, 2023

Modern Spend Management and Accounts Payable software. Learn more We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy. What's Planergy? Developing a clear and concise travel policy streamlines everything.

Risk 52

Risk Real-time Visibility Negotiation Management 52