Procurement Software

APRIL 23, 2024

Located in Amsterdam, Netherlands, the company leverages advanced AI technologies to enhance procurement processes, focusing on efficiency and data visibility. Their platform is particularly noted for its capabilities in spend data classification, risk and opportunity identification, and supplier data enrichment.

supply chain software solutions 52

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

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 94

Procurement strategies Innovation Strategy Procurement 94

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

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 76

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions 76

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. You can unsubscribe at any time. But what does a procurement buyer do, exactly?

Buyers 52

Buyers Supply Chain Efficiency supply chain budgeting Procurement 52

Procurement Tactics

MARCH 27, 2023

Although it always relates to demand and sales projections, forecasting can also be used to determine product pricing, lead times, labor needs, and more. The integration of AI into forecasting improves accuracy, saves more money, and helps businesses react to exceptions in real-time.

supply chain budgeting 192

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 192

Pipefy

DECEMBER 20, 2023

P2P analytics is important because it offers a layer of visibility and transparency to data across the entire procure-to-pay cycle. With access to spend data and supplier metrics, procurement and finance teams gain control over financial operations and become more informed and efficient decision makers.

Import 52

Import Procurement Real-time Visibility Data 52

Empowering CPO

JUNE 26, 2023

By embracing these trends, businesses can unlock a world of opportunities, drive cost savings, enhance supplier relationships, and ultimately achieve procurement excellence. Procurement data encompasses a wide range of information, including historical spend, transaction details, contracts, supplier information, and market intelligence.

Real-time Visibility 40

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

Arkestro

JUNE 6, 2023

Ultimately, both want the same goal — ensuring business outcomes are positive, timely, and on-budget. Purchases in Time and Budget: How many purchases are on budget and on time? Procurement Cost Reduction: How are costs being reduced over time? Emergency Purchase Ratio: How many unplanned purchases are being made?

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility supply chain budgeting 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 75

Risk supply chain software solutions Risk management Real-time Visibility 75

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 77

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization Real-time Visibility 77

Empowering CPO

JUNE 27, 2023

By analyzing and understanding how an organization spends its resources, businesses can identify cost-saving opportunities, enhance supplier relationships, and drive overall efficiency. 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

Pipefy

OCTOBER 25, 2023

To do this, procurement teams require visibility into their data, control over their processes, and a seat at the business strategy table. All of this results in delays, errors, lags in communication, poor business results, and frayed relationships between departments, requesters, and suppliers. Profitability. Resilience.

Innovation 52

Innovation Strategy e2e Supply Chain Efficiency 52

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 97

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 97

Pipefy

DECEMBER 28, 2023

In this article, we’ll explore the idea behind the PCE concept, how it is calculated, ways to improve it, and factors that influence the metric. It measures the percentage of time within a process that is spent on value-added activities compared to the total time it takes to complete the same process.

Real-time Visibility 52

Real-time Visibility Influencing Quality Data 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

Procurement Software

APRIL 18, 2023

This ensures they get the best deal possible with their suppliers. These negotiations take place in real time, with all prospective suppliers at once. This saves buyers not only money, but hours of conversation time. This involves suppliers competing in sequential bidding.

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

IBM Supply Chain Blog

MARCH 16, 2023

In fact, Gen Z are not only poised to drive the momentum even further towards sustainable shopping , but they are also influencing older generations to similarly shift their preferences towards sustainability. These incentives will require traceability and visibility to understand whether they are being faithfully executed.

Supply Chain Efficiency 57

Supply Chain Efficiency Sustainability Raw materials Real-time Visibility 57

Arkestro

MAY 30, 2022

From April 2021’s “ A New Paradigm For Procurement ”: “As enterprises increasingly depend on an expanding and evolving supplier ecosystem, better optimization of strategic planning and procurement is paramount. It was clear JIT models needed to be updated and alternative suppliers were needed. The stakes couldn’t be higher. .

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Real-time Visibility supply chain software solutions 52

Arkestro

MAY 16, 2022

This result in an incredibly complex and fast-moving web of supplier relationships. Made purchases from over 6,500 suppliers located across the world. 35,000 different raw materials and 6,500 suppliers are a lot of balls in the air to manage for this company’s procurement team. Some raw materials are in short supply.

Raw materials 52

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

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 95

Supply Chain Efficiency Warehouse operations Order Fulfillment Quantity 95

Empowering CPO

JUNE 30, 2023

Introduction Have you ever wondered how much time, effort, and money your company spends on procurement? With today’s increasing business complexity and the pressure to do more with less, it’s time to explore how managed procurement services can transform your business. Allow us to introduce ourselves.

Management 40

Management Procurement Real-time Visibility Supply Chain Efficiency 40

Procurement Software

MARCH 11, 2022

Procurement tools will plug those leaky holes in your spend with external suppliers. And therein lies the problem of getting procurement to have a bigger influence on companies’ bottom line. 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

Procurement tools will plug those leaky holes in your spend with external suppliers. And therein lies the problem of getting procurement to have a bigger influence on companies’ bottom line. 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

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

Empowering CPO

MAY 15, 2023

Procurement is not just a corporate department; it is a critical business function that has the potential to influence an organization’s profitability, operational efficiency, and strategic success. But in recent times, this function has evolved far beyond the simple act of purchasing. Consider quality, for instance.

Procurement 52

Procurement Innovation Quality Cost of ownership 52

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

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 Real-time Visibility 115

Empowering CPO

JUNE 30, 2023

Our offerings range from spend analysis and supplier management to strategic sourcing and contract lifecycle management, each tailored to the unique needs and objectives of our clients. It can result in stock-outs or overstock, poor quality control, and longer lead times. Let’s break it down.

Supply Chain Optimization 52

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

Empowering CPO

JUNE 25, 2023

Its purpose is to increase visibility of procurement spend, identify savings opportunities, improve operational efficiency, and monitor supplier performance. Furthermore, an effective Spend Analysis can reveal insights about supplier performance, market trends, and potential risks.

Supply Chain Efficiency 52

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

Arkestro

AUGUST 15, 2022

With growing pressure on businesses worldwide, developing an effective ESG strategy for your organization ensures that all transactions with suppliers are conducted in a way that aligns with these principles. A robust ESG strategy can also help influence consumer preference. They needed to demonstrate superior ESG execution.

Strategy 52

Strategy Real-time Visibility Supply Chain Efficiency Suppliers 52

IBM Supply Chain Blog

NOVEMBER 3, 2022

If you haven’t been thinking about these questions, the time to start is now. Also, 93% of global consumers say COVID-19 influenced their views on sustainability. Many are working with suppliers in strategic ways, including on issues such as emissions reduction and socioeconomic inclusion.

Supply Chain Efficiency 120

Supply Chain Efficiency Sustainability Agile and Lean Supply Chain Supply Chain Optimization 120

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. Be Where Buyers Search For New Suppliers. Capabilities.

Buyers 64

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

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 59

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

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 71

Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 71

Zycus Cognitive Procurement

JULY 27, 2021

The influence of automation is increasing day by day. Although, this “a-ha” moment makes for great viewing, but we know that crimes are solved based on hard facts in real life. Although, this “a-ha” moment makes for great viewing, but we know that crimes are solved based on hard facts in real life.

Procurement 40

Procurement Real-time Visibility Chief Procurement Officer e2e 40

Claritum

JANUARY 25, 2019

The level of understanding of procurement automation within a company influences significantly the adoption. By automating their business processes in functions such as finance, procurement and goods receiving and automating time-consuming, repetitive tasks SMEs stand to improve productivity which will help them gain competitive advantage.

Supply chain management 36

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