Pipefy

DECEMBER 20, 2023

Strategic procurement, or procurement strategic planning, is a data-driven process that helps businesses align procurement and business goals. The result is greater supply chain predictability, more accurate decision-making, and better business agility. What is strategic procurement?

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Strategic planning 52

Arkestro

MARCH 27, 2024

After years of focusing on cost reduction, the majority of procurement leaders say they plan to spend more and increase workloads in 2024, meaning procurement buyers will have more power to influence change and optimize spend across the entire supply chain. But what does a procurement buyer do, exactly?

Buyers 52

Buyers Supply Chain Efficiency supply chain budgeting Procurement 52

TYA Suite

MAY 14, 2023

The comprehensive reconceptualization and restructuring of procurement strategy, procedures, people, skill sets, and support systems, spurred by emerging and new digital technologies, is known as procurement digital transformation. Procurement solutions improve spend visibility for your teams.

Procurement 52

Procurement Supply Chain Efficiency supply chain software solutions Raw materials 52

Arkestro

DECEMBER 12, 2023

A McKinsey survey found that 79% of shoppers are “trading down” this season, meaning they’re swapping purchases for cheaper alternatives or avoiding spending completely. Improve Your Holiday Procurement Strategy with PPO The holidays are a critical time for retailers.

Procurement 52

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

World of Procurement blog

MAY 23, 2024

Companies pursue supplier consolidation for a few key reasons: To reduce procurement costs by negotiating volume discounts and more favourable contract terms with fewer suppliers. To gain operational efficiencies by standardising and simplifying purchasing processes across fewer supplier relationships.

Supplier consolidation 52

Supplier consolidation Suppliers Supply Chain Efficiency supply chain budgeting 52

Arkestro

JANUARY 23, 2024

On a daily basis, procurement managers engage in a range of activities to ensure the smooth flow of goods and services for an organization. They spend much of their time analyzing inventory levels, assessing current and anticipated needs, and identifying potential gaps in the supply chain.

supply chain budgeting 52

supply chain budgeting Management Supply Chain Optimization Procurement 52

Empowering CPO

MAY 6, 2023

The Evolving Role of Procurement in Businesses In today’s rapidly changing business landscape, procurement has emerged as a strategic function that goes beyond merely purchasing goods and services. This enables procurement teams to focus on strategic activities that contribute to the company’s growth and success.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Procurement team Supply Chain Optimization 52

Planergy

DECEMBER 29, 2022

Marketing procurement focuses on bringing in sales, where standard procurement focuses on things needed to keep the business running. Managing the challenges with best practices, including using procurement software for the marketing spend category helps simplify your process. What is Marketing Procurement?

Procurement 52

Procurement Raw materials supply chain budgeting supply chain software solutions 52

Empowering CPO

JUNE 9, 2023

The Importance of Procurement in Business Procurement is the lifeblood of any business. It is the process of sourcing, negotiating, and purchasing the goods and services a business requires to carry out its operations. This can range from raw materials for production, to office supplies, to strategic partnerships.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

Claritum

NOVEMBER 16, 2018

Address Procurement Strategy. Focus Procurement on supplier optimisation. Don’t lose Procurement’s focus on costs. Keep Procurement up to date. Procurement is a complex multidisciplinary team activity that crosses all areas of the business. Certainly wasting procurement time in irrelevant details.

Procurement 69

Procurement Procurement team Supply Chain Efficiency Purchasing 69

Empowering CPO

MAY 11, 2023

Definition and Concept Sustainable procurement is a procurement method that integrates environmental and social considerations into decisions alongside the traditional parameters of cost, quality, and delivery. Sustainable procurement practices can encourage ethical behaviors and foster a more equitable global trade system.

Sustainability 52

Sustainability Procurement Supply Chain Efficiency Raw materials 52

Claritum

AUGUST 4, 2020

Introduction Procurement is a complex. The variables and complexities of purchasing products and services, from basic supplies through to strategic purchases, make Procurement a key. the procurement function. The procurement environment is dynamic and constantly changing with. organisation.

Procurement 41

Procurement Procurement team Supply Chain Efficiency Purchasing 41

Empowering CPO

JUNE 26, 2023

Introduction In today’s dynamic business landscape, effective procurement strategies are crucial for organizations to achieve sustainable growth and maintain a competitive edge. Data-driven Decision Making In today’s data-driven world, the role of data in procurement has become increasingly significant.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Collaboration 40

Empowering CPO

JUNE 27, 2023

The same holds true for procurement professionals striving to navigate the complexities of expenditure management without proper spend analysis. By analyzing and scrutinizing your spending patterns, you gain valuable insights that can revolutionize your procurement strategies.

Procurement 40

Procurement Supply Chain Optimization Supplier consolidation Suppliers 40

Empowering CPO

JUNE 27, 2023

Spend analysis involves the systematic examination of purchasing data to gain insights into spending patterns, supplier performance, and potential areas of improvement. Digital tools enable real-time insights and scenario modeling, enabling procurement teams to make data-driven decisions swiftly.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Data 40