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.

Procurement 52

Procurement Supply Chain Efficiency Real-time Visibility Purchase orders 52

Arkestro

JUNE 6, 2023

Ultimately, both want the same goal — ensuring business outcomes are positive, timely, and on-budget. We’ll break them down into two groups: efficiency and ROI. Efficiency Both CFOs and CPOs prioritize efficient spending down to the last dollar. Purchases in Time and Budget: How many purchases are on budget and on time?

Supply Chain Efficiency 52

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

Empowering CPO

JUNE 30, 2023

Introduction In the dynamic world of business, the ability to effectively manage and optimize supply chains has emerged as a critical success factor. The aim is not only to streamline operations but also to extract maximum value from every link in the supply chain. So, why are managed procurement services necessary?

Supply Chain Optimization 52

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

Procurement Software

APRIL 23, 2024

To do this quickly and efficiently, spend analytics software is your best friend. Sure, but it won’t be very efficient and it’s prone to human error. Located in Amsterdam, Netherlands, the company leverages advanced AI technologies to enhance procurement processes, focusing on efficiency and data visibility.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Supply Chain Efficiency supply chain budgeting 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.

Buyers 52

Buyers Supply Chain Efficiency supply chain budgeting Procurement 52

World of Procurement blog

MAY 10, 2024

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. One of the biggest challenges in procurement has been gaining visibility into exactly where money is being spent across the organization.

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Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Empowering CPO

JUNE 20, 2023

Introduction In an era defined by data-driven decision-making, Spend Analysis has emerged as a game-changer, steering businesses towards more strategic, efficient, and cost-effective operations. It aims to provide a clear view of an organization’s spend patterns and highlight opportunities for improved efficiency and cost savings.

Supply chain management 40

Supply chain management Supply chain management supply chain budgeting Supply Chain Efficiency 40

Empowering CPO

JUNE 26, 2023

From data-driven decision making to real-time spend visibility, predictive analytics, supplier collaboration, intelligent automation, and data security, we will explore each trend in depth, shedding light on their significance and potential impact on businesses.

Real-time Visibility 40

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

Let's Talk Supply Chain

JUNE 22, 2022

As an always-on, digital age and a disruptive industry landscape continue challenging the way we think about supply chain; women leaders are working to build the chain back smarter. At Let’s Talk Supply Chain we’re dedicated to lifting the voices of women leaders.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Supply Strategic sourcing 52

Strategic Sourceror

NOVEMBER 2, 2022

When you add in supply chain disruptions, which many companies are still encountering, organizations are looking for any opportunity to stretch their dollar further and offset their rising costs. Enterprise resource planning software gives you that visibility. Look for themes in the inquiries you receive from customers.

supply chain software solutions 57

supply chain software solutions Real-time Visibility Supply Chain Efficiency Strategic sourcing 57

Planergy

JULY 5, 2022

How to gain visibility and control of your indirect spend. ESG In Supply Chain: Creating a Sustainable Value Chain. ESG In Supply Chain: Creating a Sustainable Value Chain We all know just how valuable the supply chain is. Download Free Copy. Written by. Download PDF.

Sustainability 52

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

Supply Chain Game Changer

SEPTEMBER 17, 2019

Subscribe to Supply Chain Game Changer. Imagining the Supply Chain of the Future! Mike Mortson was recently interviewed by Oracle as a part of their Global Supply Chain Influencer program. This article was posted on Oracle’s Supply Chain Management blog. Email Address.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Real-time Visibility 59

Arkestro

JUNE 14, 2022

This fresh funding will be used to accelerate growth, enabling Arkestro to further help customers amplify the impact of procurement’s influence across their enterprises using behavioral science, game theory and predictive machine learning models applied at a massive scale. Arkestro Series A – The Future of Procurement is Predictive.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization supply chain software solutions Real-time Visibility 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. By proactively addressing these risks, procurement teams can ensure a stable and resilient supply chain.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Procurement team Supply Chain Optimization 52

Empowering CPO

JUNE 27, 2023

As organizations strive to stay competitive, they are increasingly recognizing the need to leverage digital technologies to streamline processes, improve efficiency, and drive growth. Traditional approaches to spend analysis relied heavily on manual processes and limited data visibility.

Real-time Visibility 40

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

Claritum

JANUARY 25, 2019

However, Supply Chain Management technology is beginning to catch on with SMEs, largely because of the significant cost control benefits and the increasing emphasis on control of supply chains and the internationalisation of these supply chains. Reduced inventory-carrying costs.

Supply chain management 36

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

Empowering CPO

MAY 31, 2023

This not only leads to improved efficiencies and cost savings but also sparks innovation and creates opportunities for growth. Effective risk management is crucial in maintaining a stable, reliable supply chain. Risks could be financial, operational, reputational, or related to compliance and regulations.

Supplier relationship management 52

Supplier relationship management Collaboration Suppliers Supply Chain Efficiency 52

Procurement Software

JANUARY 23, 2024

At the same time, it also provides AI-powered management of contractual obligations and deliverables. It supports them in budgeting, requesting, and ordering articles and services for their business, while benefiting from better purchasing conditions. Scalue aims to deliver total spend transparency.

Procurement 52

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

Supply Chain Game Changer

MARCH 28, 2020

Subscribe to Supply Chain Game Changer. The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. But there is a profoundly significant Procurement value chain. Now is the time for Procurement to SELL! The Procurement Value Chain Continuum.

Procurement 71

Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 71

Pipefy

FEBRUARY 3, 2023

Invoices provide procurement teams the ability to leverage information from past purchases to better inform future purchases. Automated invoice processing simplifies end-to-end invoice processing activities by eliminating the time and costs associated with manually processing invoices.

e2e 59

e2e Management Purchase orders Real-time Visibility 59

Arkestro

MAY 16, 2022

Purchased 35,000 different raw materials. Made purchases from over 6,500 suppliers located across the world. Implemented a program to focus on renewable and recycled raw materials resulting in the 2021 purchase of 1.3 Enforced supply chain due diligence when importing critical mineral raw materials from countries under conflict.

Raw materials 52

Raw materials Procurement Real-time Visibility supply chain software solutions 52

Empowering CPO

JUNE 25, 2023

In the realm of procurement and supply chain management, one tool stands out as a game-changer — Spend Analysis. Its purpose is to increase visibility of procurement spend, identify savings opportunities, improve operational efficiency, and monitor supplier performance. But what exactly is Spend Analysis?

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Real-time Visibility Data 52

Supply Chain Game Changer

JULY 3, 2019

Subscribe to Supply Chain Game Changer. The Green Supply Chain: True Sustainability or Just One Big Marketing Stunt? But, as stakeholders in the future of tomorrow, we also have to be conscious about the necessary steps to realize sustainable impact, for real. Subscribe Here! Email Address. Sustainability.

Sustainability 58

Sustainability Sourcing Supply Chain Efficiency Real-time Visibility 58

Procurement Software

MARCH 11, 2022

And therein lies the problem of getting procurement to have a bigger influence on companies’ bottom line. Purchase to pay software with a mobile-first interface that busy stakeholders actually enjoy using. Supplier collaboration portals to drive innovation and real time project management without email or spreadsheets.

supply chain software solutions 52

supply chain software solutions Procurement Real-time Visibility Raw materials 52

Procurement Software

MARCH 11, 2022

And therein lies the problem of getting procurement to have a bigger influence on companies’ bottom line. Purchase to pay software with a mobile-first interface that busy stakeholders actually enjoy using. Supplier collaboration portals to drive innovation and real time project management without email or spreadsheets.

supply chain software solutions 52

supply chain software solutions Procurement Real-time Visibility Raw materials 52

Positive Purchasing

JULY 26, 2023

Jonathan O’Brien , CEO of Positive Purchasing , author, and global procurement thought leader, outlines an effective approach to creating a road map for embedding a sustainable procurement initiative in your business. Here it is – take some time to look at it and how it flows, then read on. To do this you need a plan.

Sustainability 52

Sustainability Procurement supply chain budgeting Supply Chain Efficiency 52

Empowering CPO

JUNE 30, 2023

Introduction Have you ever wondered how much time, effort, and money your company spends on procurement? Or how much of that could be saved with a more efficient and effective approach? These inefficiencies can slow down operations, leading to longer lead times and missed opportunities. Allow us to introduce ourselves.

Management 40

Management Procurement Real-time Visibility Supply Chain Efficiency 40

Empowering CPO

JUNE 14, 2023

Whether you’re a procurement professional looking to stay ahead of the curve, a business leader seeking to drive efficiency, or simply someone interested in business innovation, this post is for you. 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

Supply Chain Game Changer

APRIL 23, 2019

Subscribe to Supply Chain Game Changer. The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. Instead of waiting for others to realize that now is the time for Procurement professionals to make their value and contribution known. Subscribe Here!

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Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 50

The Thomas Blog

JUNE 22, 2022

Surveys have shown that the purchasing decisions of industrial buyers are most heavily influenced by detailed technical information about the products/services they are sourcing, which is why common content and pages that attract new customers are: Part-level specifications. What markets do you serve? Facility and equipment lists.

Buyers 64

Buyers Real-time Visibility supply chain budgeting Supply Chain Efficiency 64

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. Regardless of the industry you operate in, the correlation between financial performance and resource efficiency is undeniable. Lower Costs.

Strategy 52

Strategy Real-time Visibility Supply Chain Efficiency Suppliers 52

Supply Chain Game Changer

NOVEMBER 16, 2022

Subscribe to Supply Chain Game Changer. Collaborating with the suppliers without any systems would mean wasting time searching through voicemails, printed documents, and email threads to locate the needed information. A procurement automation system may help a company become more efficient by offering unparalleled collaboration.

Supply Chain Efficiency 19

Supply Chain Efficiency Procurement Real-time Visibility Supply Chain Optimization 19

Supply Chain Trend

NOVEMBER 16, 2016

It sometimes seems like S&OP is stuck in a time warp, where the same old things as 30 years ago are being discussed. To get some answers for S&OP practitioners, Supply Chain Trend interviewed a group of S&OP leaders. Supply Chain Trend will publish a weekly Q&A with these S&OP leaders.

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supply chain budgeting Supply Chain Efficiency Innovation Supply chain 115

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. Each of these experiences damages the customer relationship.

Supply Chain Visibility 77

Supply Chain Visibility Real-time Visibility e2e supply chain software solutions 77

Supply Chain Game Changer

OCTOBER 1, 2022

Subscribe to Supply Chain Game Changer. Purchasing Stats. For beginners, the option to buy YouTube views with instant delivery seems to be a decision that with an efficient strategy only instantly solves all the problems. Try to attract popular guests to your videos and co-work with other influencers from your niche.

Supply Chain Optimization 19

Supply Chain Optimization Real-time Visibility Supply Chain Efficiency Influencing 19

Planergy

OCTOBER 4, 2022

How to gain visibility and control of your indirect spend. Another advantage of big data analytics is that it can help organizations reduce costs and improve efficiency. The way you process data influences how useful the insights from it become. In other words, the data is processed as it comes in, in real-time.

Data 52

Data Import supply chain software solutions Quality 52

IBM Supply Chain Blog

MARCH 30, 2023

In the wake of the pandemic and global supply chain issues, businesses have realized the importance of technology innovation to deliver truly superior retail customer experiences. But without real-time reliable views of inventory, shipments and automated order orchestration processes, retailers are unable to deliver on order promises.

Supply Chain Efficiency 87

Supply Chain Efficiency Management Agile and Lean Supply Chain Real-time Visibility 87