Procurement Tactics

JUNE 26, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Top 10 US Dropshipping Suppliers — Pricing & Reviews The US dropshipping market reached an estimated amount of $15.64 Top 10 US Dropshipping Suppliers Study Procurement Study Negotiations 1.

Price 195

Price Suppliers Negotiation Real-time Visibility 195

ivalua

JUNE 29, 2021

Enabling rapid, cost-effective and transparent supplier payments anywhere in the world. Redwood City, CA, June 30, 2021 – Ivalua, a global leader in Cloud Spend Management solutions, announces an extension of its source-to-pay platform with a new payments solution to digitize and streamline global supplier payments.

Supply Chain Efficiency 130

Supply Chain Efficiency Suppliers Sourcing Real-time Visibility 130

Procurement Insights

MARCH 23, 2025

“ The Forgotten Three A successful ProcureTech implementation can significantly influence product quality, supplier delivery performance, and full-time equivalents (FTEs) in indirect procurement by enhancing efficiency, visibility, and collaboration across the supply chain. Real-time data and AI (e.g.,

Real-time Visibility 52

Real-time Visibility Quality Supply Chain Efficiency Suppliers 52

Procurement Insights

MAY 13, 2025

Hansen Procurement strategy, digital transformation, supplier management, sourcing, and ProcureTech evaluation. His work is theoretical, focusing on adaptive systems to predict supplier risks or optimize sourcing. Ramos: Generative AI can streamline supplier interactions (e.g., His practical tech insights (e.g.,

Procurement 72

Procurement Supply Chain Optimization Leadership Real-time Visibility 72

Procurement Insights

MARCH 25, 2025

Percentage of Suppliers Responding to RFP Requests No definitive, broad-spectrum statistic exists for the percentage of suppliers who respond to RFPs across all industries. Response rates vary widely depending on industry, RFP complexity, supplier capacity, and perceived opportunity value.

Real-time Visibility 52

Real-time Visibility Supplier capacity Bidding Suppliers 52

SCMDOJO

MARCH 24, 2025

The metric results in either a favorable or unfavorable variance, influenced by internal or external factors. 3) Supplier Evaluation Purchase Price Variance (PPV) assists in evaluating supplier relationships and managing supplier selection. It helps determine the accuracy of supplier pricing.

Price 60

Price Purchasing supply chain budgeting Raw materials 60

Finale Inventory

FEBRUARY 19, 2024

For customers, inadequate customer support leads can lead to delays, extending the time for processing and refunds. Businesses confront re-stocking, handling damaged goods, adjusting inventory inaccuracies, and navigating the risk of overselling during high-demand periods. But how do you get to why a customer initiated a return?

Inventory 105

Inventory Real-time Visibility Management Quality 105

ivalua

MAY 30, 2022

Supply chains are particularly affected by these changes, as well as other external influences that threaten to disrupt their daily operations, such as: extreme weather conditions, supply shortages, global health issues, and economic crises. Leveraging Technology to Transform The Supply Chain.

Supply Chain Efficiency 130

Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain Supply Chain Optimization 130

Procurement Leaders

JUNE 10, 2024

Just 1% of respondents to a poll Procurement Leaders conducted at the World Procurement Congress said they have “excellent” multi-tier visibility of the supply base. In real terms, this translates to three of those who responded to our poll claiming they had “cracked the code” of supply chain transparency. This is surprising.

e2e 100

e2e Real-time Visibility Supply Chain Efficiency Raw materials 100

Procurement Insights

JANUARY 3, 2025

20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management. Analytics and insights from procurement data were minimal.

Agile and Lean Supply Chain 52

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

TYA Suite

MAY 23, 2025

This statistic shows a real and common problem in many companies today. Now let's discuss how the right software can solve these problems and bring real value to your business. This software provides dedicated communication tools that allow businesses and vendors to exchange information in real time.

supply chain software solutions 40

supply chain software solutions Management Vendor relationships Real-time Visibility 40

ivalua

MARCH 28, 2019

The huge growth in the use of technology has been the most visible part of that developing picture. I first saw this term used a few years ago by Philip Ideson, as a title for his website and excellent series of podcasts, and it feels like this may be an idea whose time has come.

Procurement 167

Procurement Agile and Lean Supply Chain Real-time Visibility Innovation 167

Procurement Insights

MARCH 17, 2025

Anyone who has followed the Procurement Insights blog for any length of time knows I love to ask questions and am voracious about gaining new insights. Core Offering : Tracks commodity prices, production costs, and market trends to arm procurement teams with data for better supplier negotiations. Key Comparison Points 1.

Negotiation 52

Negotiation Procurement team Real-time Visibility Cost of ownership 52

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. These indices track the average price changes of a basket of goods and services over time. Supplier relationships: Building strong relationships with suppliers is crucial.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Supply Chain Game Changer

NOVEMBER 16, 2022

It helps bring predictability to Strategic Sourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. Collaborating with the suppliers without any systems would mean wasting time searching through voicemails, printed documents, and email threads to locate the needed information.

Supply Chain Efficiency 21

Supply Chain Efficiency Procurement Supply Chain Optimization Real-time Visibility 21

Finale Inventory

AUGUST 22, 2024

When managing a successful business, having dependable suppliers is vital. Finding suppliers you can trust to deliver quality products on time is key for maintaining customer satisfaction and ensuring smooth operations. They also influence your cost structure, as their pricing and terms directly impact your profitability.

Suppliers 52

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

Spend Matters

JUNE 20, 2023

As the risks that trigger supply disruptions, regulatory non-compliance and missed corporate objectives continue to gain visibility, an ‘eyes wide open’ attitude towards supplier risk assessment and mitigation strategies has become imperative to improve operational resilience. And so it should.

Risk 98

Risk supply chain software solutions Risk management Real-time Visibility 98

SCMDOJO

DECEMBER 28, 2023

This integration ensures the visibility of inventory, efficient order processing, and synchronized fulfilment across all channels. Having clear visibility into inventory is critical for omnichannel fulfilment. Limited Visibility: These supply chains have restricted visibility, with real-time information being scarce.

Supply Chain Efficiency 98

Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions Supply Chain Optimization 98

SCMDOJO

MAY 20, 2024

This article reviews how traditional internet technologies have influenced today’s supply chain solutions. Modern influences on supply chains today include more product visibility, better customer understanding, and fast shipment speeds. Modern data collection tools are beneficial, but so are historical ones.

Supply Chain Efficiency 93

Supply Chain Efficiency Supply chain Supply chain management Supply chain management 93

Spend Matters

MARCH 11, 2024

For our readers who couldn’t/didn’t attend, here are our own reflections based on the time we had ( if we missed you, apologies, but do reach out to us here to get your procurement tech solution in front of our analysts ). Supplier Master Files have changed, he said. So cleansing of SMFs is vital, even though it takes time.

Procurement strategies 112

Procurement strategies Innovation Strategy Procurement 112

Procurement Insights

APRIL 3, 2025

Emphasizes cross-industry collaboration , with themes like AI, sustainability, and supplier diversity. Global Reach, Real Impact Participants and speakers come from over 50 countries. Startup Acceleration & Visibility Provides a springboard for companies like Cirtuo, DeepStream, Archlet, Kodiak Hub , and ORO Labs.

Innovation 52

Innovation Real-time Visibility Sustainability Collaboration 52

SCMDOJO

DECEMBER 14, 2023

Time is really important in business. Knowing how crucial time is for keeping customers happy and influencing what they buy, it’s clear that handling lead time (which means the time it takes to get things ready) is not just needed for business, but it also gives an edge in today’s competitive and complex economy.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization Real-time Visibility 98

World of Procurement blog

MAY 23, 2024

Supplier consolidation refers to the strategy of reducing the total number of suppliers that a company deals with and instead focusing procurement spending on a select few preferred suppliers. Having strategic partnerships allows suppliers to lower prices. Look for suppliers with the best pricing structures.

Supplier consolidation 52

Supplier consolidation Suppliers Supply Chain Efficiency supply chain budgeting 52

Supply Chain Game Changer

MARCH 28, 2020

This is not to say that they believe Procurement doesn’t play a role, but rather that they don’t view Procurement as playing a critical role beyond cutting costs and finding suppliers. Instead of waiting for others to realize that now is the time for Procurement professionals to make their value and contribution known.

Procurement 93

Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 93

SCMDOJO

AUGUST 21, 2023

In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. As TikTok and influencers gain prominence, they’re reshaping consumer behavior and marketing. Discover the Top 10 TikTokers reshaping how you view supply chains.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 98

Supply Chain Game Changer

AUGUST 30, 2022

In my experience Total Cost of Ownership ( TCO or TCOO) models typically include some combination of the following elements: Unit price (Always the first item) Takedown rate performance Payment terms Freight and Logistics terms and transfer of ownership Lead times (order, delivery, replenishment) Other Parameters (eg.

Cost of ownership 105

Cost of ownership Supply Chain Optimization Procurement Price 105

Finale Inventory

AUGUST 20, 2024

Key Challenges in Managing High Volume Inventory Managing large inventories presents specific challenges that need specialized techniques and tools. The volume of products, numerous suppliers, varying lead times, and fluctuations in customer demand can make manual inventory management overwhelming and error-prone.

Inventory 52

Inventory Supply Chain Efficiency Real-time Visibility Inventory control 52

Procurement Heads

AUGUST 2, 2023

Additionally, it felt like the right time for a new challenge, as I had spent nearly 24 years with my previous employer. Increase in cyber-attacks hindering our supply chain which is a current real threat. I made the transition after having an in-depth conversation with John Murphy and other Executives of the company.

Supply chain 130

Supply chain Real-time Visibility Sustainability Procurement strategies 130

Supply Chain Game Changer

OCTOBER 5, 2022

The Bible records Egyptian people storing the surplus of agricultural goods so that they could be used in times of famine. However, warehousing itself is usually limited to storing an inventory for a certain period of time and does not include additional services. These are supplied elsewhere in the fulfilment process.

Supply Chain Efficiency 98

Supply Chain Efficiency Warehouse operations Order Fulfillment Quantity 98

Let's Talk Supply Chain

JULY 27, 2022

Let’s Talk Supply Chain gives them a platform to share what drives them and how they are igniting real progress at their organizations. The premise for the company was working with local companies across Alabama, Georgia, and Northern Florida developing tools to provide more visibility into their suppliers across their supply chain.

Agile and Lean Supply Chain 115

Agile and Lean Supply Chain supply chain software solutions Supply chain Supply 115

Finale Inventory

APRIL 18, 2024

To set your Amazon business up for success, one of the main areas to focus on is inventory: the flow, the costs, the timing of it all. Amazon’s recent introduction of low inventory fees is a key development you need to be aware of. This key timing (the time between placing an order and receiving inventory) is crucial.

Inventory 52

Inventory Real-time Visibility Strategy Purchase orders 52

Supply Chain Game Changer

SEPTEMBER 17, 2019

Mike Mortson was recently interviewed by Oracle as a part of their Global Supply Chain Influencer program. Most supply chain leaders recognize that it’s an incredibly exciting time to be working in the field. This isn’t just about whether to embrace the digital supply chain , because that will inevitably happen over time for everyone.

Agile and Lean Supply Chain 72

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Real-time Visibility 72

IBM Supply Chain Blog

SEPTEMBER 18, 2023

Today, we are seeing significant digital disruption in the business of trade and supply chain financing that is largely influenced by global events and geopolitics, changing regulations, compliance and control requirements, advancements in technology and innovation, and access to capital.

Supply Chain Efficiency 82

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Supply chain 82

Supply Chain Trend

AUGUST 13, 2020

IBP requires cross functional alignment to eliminate silos, to achieve accountability for delivering strategic, financial and operational outcomes, and to enable scenario planning that provides forward visibility into the consequences and risks of decisions (Sorensen, 2020). Automation versus Augmentation.

supply chain software solutions 147

supply chain software solutions Supply Chain Optimization supply chain budgeting Supply chain 147

Finale Inventory

AUGUST 13, 2024

With the help of Finale Inventory, you can streamline this process and ensure that you are setting the right wholesale prices for your products. This article discusses the importance of accurate wholesale pricing, the key factors that influence it, and how Finale Inventory can assist you in calculating your wholesale price effectively.

Price 52

Price Inventory Real-time Visibility Purchase orders 52

Empowering CPO

MAY 31, 2023

Introduction In today’s interconnected world of business, Supplier Relationship Management (SRM) stands as a pillar of success for organizations across the globe. It’s the concerted effort of strategically planning and managing all interactions with suppliers that supply any goods and/or services to an organization.

Supplier relationship management 52

Supplier relationship management Collaboration Suppliers Supply Chain Efficiency 52

Supply Chain Game Changer

JULY 3, 2019

But, as stakeholders in the future of tomorrow, we also have to be conscious about the necessary steps to realize sustainable impact, for real. So, what are the steps that need to be taken in businesses globally to make real sustainable impact? It’s created at our suppliers. Suppliers and partners.

Sustainability 75

Sustainability Sourcing Supply Chain Efficiency Real-time Visibility 75