World of Procurement blog

APRIL 23, 2024

Procurement analytics is the process of collecting, processing, and analyzing data related to an organization's purchasing activities to improve efficiency, reduce costs, and provide valuable insights into supply chain operations. What are Procurement Analytics? How to Use Data in Procurement?

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Procurement Tactics

JULY 4, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. So, let’s dive in and learn how to reduce procurement costs. Negotiation Course Learn from industry experts who negotiated billion $ deals 2.

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Raw materials supply chain software solutions supply chain budgeting Price 209

World of Procurement blog

APRIL 23, 2024

The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. Effective procurement strategies require a deep understanding of market trends, supplier landscapes, and the latest technologies.

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World of Procurement blog

APRIL 23, 2024

The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. Effective procurement strategies require a deep understanding of market trends, supplier landscapes, and the latest technologies.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

Arkestro

FEBRUARY 20, 2024

Resources / Blog / From Reactive to Proactive: How Predictive Procurement Reshapes the Industry From Reactive to Proactive: How Predictive Procurement Reshapes the Industry The procurement workload is expected to increase by 10.6% How does Predictive Procurement Orchestration Work? The result?

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EazyStock

APRIL 18, 2023

Supply chain managers and inventory management professionals face a constant barrage of supply chain crises, with one always waiting around the corner. With every crisis comes the potential for supply chain disruption that can cause chaos for stock-holding businesses. Global supply chains.

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Supply Chain Optimization supply chain software solutions Supply Chain Efficiency Supply chain 52

Arkestro

MARCH 27, 2024

Resources / Blog / Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Buyers have always played an important role in the procurement industry, helping organizations obtain goods and maintain a careful balance of speed, cost-efficiency, and quality.

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SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference.

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World of Procurement blog

APRIL 23, 2024

In today's competitive business environment, procurement isn't just a necessity; it's a strategic function that can significantly influence a company’s bottom line. Technology has transformed procurement operations from a complex, manual process into an automated, streamlined function that enhances decision-making and transparency.

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Procurement Supply Chain Efficiency Real-time Visibility Purchase orders 52

Arkestro

JANUARY 23, 2024

Resources / Blog / What does a Procurement Manager do? Job Description, Skills, and Qualifications What does a Procurement Manager do? Job Description, Skills, and Qualifications As firms continue to leverage technology to carry out sourcing and procurement tasks, market demand for procurement is growing.

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World of Procurement blog

MAY 10, 2024

The Promise of AI for Procurement Teams Artificial intelligence (AI) has the potential to transform and revolutionize procurement processes. By leveraging technologies like machine learning, natural language processing, and neural networks, AI-driven solutions can help procurement teams work smarter, faster, and more efficiently.

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Planergy

JULY 5, 2022

ESG In Supply Chain: Creating a Sustainable Value Chain. Ethical Sustainability & Responsibility Procurement. ESG In Supply Chain: Creating a Sustainable Value Chain We all know just how valuable the supply chain is. That’s where procurement’s role becomes so crucial.

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Procurement Tactics

JULY 23, 2023

51 ChatGPT Prompts to 10X Your Productivity in Procurement Download ChatGPT PDF Procurement Courses  Or receive our famous weekly newsletter The 5S of Kaizen — The Ultimate Guide The 5S of Kaizen comes under the umbrella of lean management aimed to eliminate waste within manufacturing operations.

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Arkestro

DECEMBER 12, 2023

Resources / Blog / Unwrapping Holiday Shopping Insights: Trends, Tactics, and Tips for Procurement in 2023 Unwrapping Holiday Shopping Insights: Trends, Tactics, and Tips for Procurement in 2023 The holidays are here, meaning people all around the globe are attending festive parties, baking tasty treats, and — of course — shopping for gifts.

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

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?

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Arkestro

OCTOBER 5, 2023

Oil and Gas Simplify, Optimize, Automate: Arkestro’s Approach to Oil and Gas Get in touch Our solutions Fueling the Future: Arkestro’s Predictive Procurement Drills Down on Efficiency in the Oil & Gas Industry Predictive Procurement Orchestration is ready to revolutionize the oil and gas industry!

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Arkestro

JANUARY 18, 2023

Predictive procurement is the key to securing raw materials at the right price and time. We explore how predictive procurement in chemical manufacturing will be strategic as we move into 2023. The Deloitte report points out that supply chain will need to consider different strategies to meet the changes coming.

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Raw materials Procurement supply chain budgeting Supply Chain Efficiency 94

NLPA (Next Level Purchasing Association)

MAY 8, 2024

In today’s competitive business landscape, procurement professionals constantly seek ways to optimize costs and maximize value. This blog post will explore how procurement professionals can leverage the power of spend analysis while incorporating other strategies to develop a well-rounded approach to cost savings.

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Arkestro

MAY 30, 2022

Harvard Business Review has a number of articles that provide an excellent primer on the background of procurement in the health and pharma industries and the extraordinary challenges they have faced during the COVID-19 pandemic. Done Right, Going Digital Enables Procurement to Be Strategic to the Business.

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Solvoyo

JANUARY 3, 2020

The supply chain world is just discovering the digital twin concept and we are nowhere close to the level of detail and sophistication of these decades-old examples. However, I also believe that the old-fashioned digital representation of a supply chain with nodes and arcs is like drawing a stick figure.

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Empowering CPO

JUNE 9, 2023

The Importance of Procurement in Business Procurement is the lifeblood of any business. This can range from raw materials for production, to office supplies, to strategic partnerships. Understanding Procurement Metrics To gauge the effectiveness of procurement activities, businesses rely on procurement metrics.

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Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

Planergy

DECEMBER 29, 2022

Marketing Procurement: Challenges and Best Practices. Best Practices & Tips Category Management Procurement. Procurement leaders often underestimate the importance of marketing procurement. What is Marketing Procurement? Marketing Procurement vs. Standard Procurement. Download Free Copy.

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Empowering CPO

MAY 11, 2023

The Importance of Sustainable Procurement In today’s rapidly evolving global economy, businesses and organizations must look beyond traditional procurement practices to ensure long-term success and positive impact. Understanding Sustainable Procurement A.

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Supply Chain Game Changer

JULY 2, 2021

Subscribe to Supply Chain Game Changer. Meanwhile, financials are the top entity that influences the decision-making of your business. You will also procure more funds as your business continues to expand in the market. Originally written for Supply Chain Game Changer and published on July 2, 2021.

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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.

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Jaggaer

OCTOBER 8, 2019

Our survey of the global procurement community and the subsequent report, Digital Transformation in Procurement: How Close Are We? revealed heightened awareness of digital technologies and their potential to transform the procurement function, but little progress over the past two years. It identified a couple of key challenges.

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Procurement Templates

JUNE 18, 2023

They may use various monetary and fiscal policies, such as adjusting interest rates, implementing open market operations, or controlling government spending, to influence inflation levels. Money buys less than before How should procurement manage inflation? This ensures compliance and minimizes the risk of unexpected price increases.

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Arkestro

AUGUST 15, 2022

ESG offers guidelines for the development of sustainable supply chain management strategies from the ground up. A robust ESG strategy can also help influence consumer preference. They can also manifest across the supply chain. Asset and Investment Optimization. Lower Costs.

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Strategy Real-time Visibility Supply Chain Efficiency Suppliers 52

SCMDOJO

MARCH 19, 2024

Discover Ways to Boost Supply Chain Visibility through Digital Marketing Supply chain visibility is essential for providing a superior customer experience and sustaining customer loyalty over time. Customers face significant frustrations that erode brand trust and sales without supply chain visibility.

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IBM Supply Chain Blog

FEBRUARY 13, 2024

Code generation : Software developers and programmers use generative AI to write code. This includes technical documentation, user manuals and other relevant materials that accompany software development. Product development : Generative AI is increasingly utilized by product designers for optimizing design concepts on a large scale.

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Empowering CPO

JUNE 27, 2023

One area where digital transformation has had a profound impact is in procurement, and specifically, in the realm of spend analysis. Procurement is a strategic function that encompasses the acquisition of goods and services required to support an organization’s operations.

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Pipefy

JANUARY 30, 2024

Improvements to existing procurement processes, procedures, and operations are as time-sensitive as ever. In the 2024 State of Procurement Data Report by Amazon Business, 95% of decision-makers surveyed acknowledge that there’s room for procurement optimization.

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Agile and Lean Supply Chain Procurement Real-time Visibility Supply Chain Efficiency 52

The Good Spending

AUGUST 23, 2022

Procurement value demystified Unfortunately, "procurement value" became another buzzword – everyone tells us to generate, capture, and sustain it. Value is paramount to procurement evolution. The following pyramid of procurement evolution puts the value proposition at the chart's top.

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Supply Chain Brain

JANUARY 22, 2018

talent as a supply chain unto itself. We’re in the midst of a shift in how work gets done within a business,” says Arun Srinivasan, senior vice president of strategy and customer operations with SAP Fieldglass , a provider of vendor-management systems (VMS) software. As with any supply chain, it all begins with the source.

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Solvoyo

MARCH 5, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. For businesses of all sizes, the digital transformation of supply chain planning became the most important initiative. . Maintaining outlier events that have influenced demand patterns or supply availability.

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Supply Chain Collaborator

NOVEMBER 10, 2015

Everyone likes free stuff; especially freight carriers who haul for organizations without TMS and the rules-based tendering such software delivers. So to recap in brief: TMS solutions are crucial to successful, cost-effective transportation planning and management. Did you get your free beignet, cruller or zeppole?

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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.

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