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. This can be broken down by suppliers, departments, or individual goods and services.

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Procurement Templates

JUNE 18, 2023

ChatGPT Inflation refers to the general increase in prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. Inflation occurs when there is an imbalance between the supply and demand of money and goods. What is inflation?

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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?

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Arkestro

JANUARY 23, 2024

Procurement managers play a key role in this rapid growth, helping organizations optimize costs, negotiate favorable terms with suppliers, and ensure financial efficiency. The best procurement managers are masters of risk mitigation and budget management, while also maintaining high quality standards and a competitive edge.

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supply chain budgeting Management Supply Chain Optimization Procurement 52

Pipefy

JANUARY 30, 2024

That’s where procurement, sourcing, and purchasing technology comes in. Learn about six solutions that can be applied in 2024, why you should apply them, and how to get started. Finally, procurement teams are responsible for anticipating and responding to disruptions in the supply chain and their own process.

Agile and Lean Supply Chain 52

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

Arkestro

JANUARY 18, 2023

Reducing costs in the industry by even a fraction has a huge impact on profitability. But beyond impacting cost, factors like economic uncertainty, supply chain disruption, and changing consumer preferences are transforming procurement in the industry. Preparing for challenges is critical.

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Raw materials Procurement supply chain budgeting Supply Chain Efficiency 94

Supply Chain Trend

AUGUST 13, 2020

Preview In his 2019 Foresight article, Niels van Hove examined eight technological hurdles that must be overcome to enable autonomous or ‘lights out’ supply-chain planning. He reasoned that to support such planning we need to implement a third wave of integrated supply-chain planning software. Key Points.

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The Procuretech Podcast

OCTOBER 12, 2022

We're continuing our mini series where we ask influencers and industry experts for their thoughts on everything that's happening in the digital procurement world. From CPO to Advising Startups - Joanna Martinez from Supply Chain Advisors. She spent the first third of her career in supply chain roles for Johnson and Johnson.

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SCMDOJO

JULY 3, 2023

Read More: Top 10 Supply Chain Management Courses to Boost Your Career ] Accreditation and Industry Recognition Check to see if the training programme is acknowledged by the procurement sector or accredited by the relevant professional organizations. What is procurement and purchasing Lesson 2. Types of procurement.

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Procurement Software

JANUARY 23, 2024

If you want to search the whole range of procurement tech companies out there beyond just startups, then check our our free software directory. Elena Mechik Date Founded: 2019 Visit Inhubber profile in our Software Finder 2. Budget management and control features allow for transparent presentation and allocation of budgets.

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

Procurement Templates

JANUARY 17, 2024

How is this considered throughout the supply chain and reported at a senior level. Organisation undertakes a full assessment of the waste within the supply chain in relation to risk-based existing contracts. undertakes a full assessment of the waste within the supply chain in relation to risk-based existing contracts.

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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. When broken down by generation, Gen Z is the most likely to tighten their budget, while Gen Xers and Boomers are more likely to splurge.

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Procurement Software

OCTOBER 17, 2023

The same applies when we face the challenge of poor-quality purchasing data. Does Operations fundamentally care about purchasing data though? Fast Moving Consumer Goods FMCG businesses (or CPG to our American readers) are built on slick supply chains which foster brand value and delight customers.

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World of Procurement blog

MAY 10, 2024

Some of the key capabilities and use cases for AI in procurement include: Automating repetitive and routine tasks : AI can take over low-value tasks like invoice processing, purchase order creation, expense report auditing, and other administrative workflows. This improves compliance and reduces contractual risks.

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Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Pipefy

DECEMBER 18, 2023

The primary drivers of this strategic move heavily lean on increasing efficiency, improving productivity, reducing errors, and generating greater cost savings. Procurement teams also want less time spent on “low-value” work caused by inefficient and manual purchasing processes so they can focus on innovative high-level activities.

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

Planergy

DECEMBER 29, 2022

Managing the challenges with best practices, including using procurement software for the marketing spend category helps simplify your process. Marketing leaders must always be on the cutting edge, deeply understanding platforms, tools, new technologies, and options like influencer marketing. Invest in Procurement Software.

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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. Practices, Starbucks sets a variety of social, economic, and environmental standards for coffee purchasing.

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EazyStock

OCTOBER 10, 2018

Big data is a term used to describe a massive volume of both structured and unstructured data that’s too large to be processed using traditional database and software techniques. Big data is heavily influenced by 4 main components including: volume, velocity, variety and veracity. Volume – The size of the data captured.

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Supply Chain Game Changer

MAY 27, 2022

Subscribe to Supply Chain Game Changer. Brand Protection – The Definitive Role of the Supply Chain! The main goal of strategic planning is to bond with the brand’s audience and eventually influence them. To do that, you can hire a professional, or you can use software to do that for you.

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

Jaggaer

OCTOBER 8, 2019

With budgets not growing at an adequate pace, or even shrinking, procurement cannot deliver the value that digital transformation promises. This does not necessarily mean “hands-on” knowledge of software development, as the software applications are now available in secure multi-tenant cloud-based solutions.

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Planergy

OCTOBER 4, 2022

Another advantage of big data analytics is that it can help organizations reduce costs and improve efficiency. Big data analytics is a process that uses data science with special software and algorithms to help businesses make sense of all this data. The way you process data influences how useful the insights from it become.

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Empowering CPO

JUNE 26, 2023

These actions lead to improved negotiation power, reduced costs, and enhanced overall procurement efficiency. Stronger supplier relationships lead to better pricing, improved service levels, and a more reliable supply chain. The Role of Technology: Technology plays a crucial role in providing real-time spend visibility.

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SCMDOJO

APRIL 3, 2022

eAuctions are online real-time dynamic discussions between one purchasing organization and a group of pre-qualified vendors competing for the purchaser’s trade. General Cost Reductions: Maybe it is just one of the advantages of eAuctions, but it is still significant! It’s time for the Auctioneer to take the stage!

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IBM Supply Chain Blog

AUGUST 11, 2023

And technology budgets are rising commensurate to this new reality. IT cost management has grown in importance because cost control is top of mind for every organization across all industries. Simply put, IT leaders cannot afford increased project costs that lead to budget overruns.

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Planergy

SEPTEMBER 12, 2023

Vertical Integration: By taking control of different stages of the production or distribution process, businesses can gain supply chain control, reduce costs, increase efficiency, and differentiate their products and services. What is Horizontal Integration?

Supply Chain Efficiency 52

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

Supply Chain Game Changer

MAY 6, 2021

Subscribe to Supply Chain Game Changer. Societal disruptions, like those caused by the COVID-19 pandemic, can also lead to changes in the way producers and supply chain managers handle their distribution networks, including eCommerce fulfillment. Other Supply Chain Models. Subscribe Here! Email Address.

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

HICX

AUGUST 31, 2023

It is a pivotal component of supply chains for organizations of all sizes due to the increasingly complex dynamics of today’s global market that interconnects organizations, suppliers and consumers. One area of supply chain management and strategy that has become increasingly important is Supplier Information Management (SIM).

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Slimstock

MARCH 26, 2019

With stats like that, it’s easy to see why customer satisfaction influences customer loyalty, retention, and even your ability to attract new customers. As international supply chain executive Sara Ireton indicates in Industry Week , it’s important to recognize “the success of one partner helps the success of the other.”

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