Spend Matters

MARCH 27, 2024

In fact, more than 80% of CPOs, it states, indicated that digital transformation is a top priority, with a specific focus on GenAI, because “… AI tools can help procurement professionals identify trends and patterns that are otherwise impossible to tease out, thereby enabling more informed decisions from supplier selection to contract negotiation.”

Procurement 81

Procurement Negotiation Supply Chain Efficiency Supply Chain Optimization 81

ivalua

DECEMBER 6, 2022

Author: Hubert Verweij , Head of Procurement Transformation, Capgemini Invent Sweden and Finland. Nowadays, Procurement practitioners primarily talk about emerging topics like the reduction of scope 3 emissions, supplier-enabled innovation and supply risk management. Previously published on Capgemini’s website.

e2e 130

e2e Suppliers Procurement Contract 130

Arkestro

OCTOBER 24, 2022

Predictive Procurement is crucial to solving a wide range of complex supply chain problems efficiently and effectively. Procurement teams that successfully align with their key suppliers have seen improved quality, reliability, cost savings, and other critical deliverables for evaluating supplier performance.

Price 52

Price Suppliers Procurement team Supply Chain Efficiency 52

Arkestro

MARCH 28, 2023

Resources / Blog / The Potential of Predictive Procurement Orchestration The Potential of Predictive Procurement Orchestration Welcome to the 2020’s, the same decade that George Jetson from the cartoon “The Jetsons” was born. The procurement industry is no exception. The procurement industry is no exception.

Procurement 52

Procurement Real-time Visibility Procurement team Purchasing 52

Arkestro

MARCH 28, 2023

While we are still far off from a future with flying cars and home robots, many of the technologies predicted in the show – think flat screen televisions, video calls, and drones – have become a reality. One such prediction was that robotic automation would seep into the 21st century workplace, taking over everything for us.

Procurement 52

Procurement Real-time Visibility Procurement team Purchasing 52

Spend Matters

SEPTEMBER 12, 2023

As a procurement professional myself, I have witnessed and been part of many procurement teams of different maturity levels and sizes. This mission hinges on an essential premise: that procurement becomes the go-to resource for stakeholders seeking guidance on external needs, benchmarking and more. Their shared mission?

Procurement team 89

Procurement team Leadership Procurement Suppliers 89

Arkestro

JUNE 20, 2023

You may face challenges such as choosing reliable suppliers, controlling costs, and managing orders. Research-backed procurement strategies can help CFOs achieve their goals while minimizing risk exposure across global supply chains. The Pressures Facing CFOs No doubt about it – there is A LOT of pressure on your shoulders as a CFO.

Procurement strategies 52

Procurement strategies Supply Chain Efficiency Strategy supply chain budgeting 52

Arkestro

DECEMBER 12, 2022

Procurement professionals of all types face a challenging and dynamic work environment. What Are the Biggest Procurement Challenges in Health and Pharma? Beyond procurement teams working within the constraints of profit and cost savings, lives are at stake. Limited Supplier Network. Managing Supplier Relationships.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

Una

DECEMBER 5, 2023

Why You Should Hire Older Individuals to Work in Procurement Learn why it makes sense to hire older individuals to work in procurement and take advantage of their talent and experience. Older workers bring with them a treasure trove of knowledge acquired over years of navigating the twists and turns of the supplier landscape.

Procurement 52

Procurement Procurement team Negotiation Collaboration 52

Spend Matters

OCTOBER 24, 2023

Spend Matters is once again delighted to release the ‘ 50 Procurement Providers to Know ’ and ‘ 50 Procurement Providers to Watch ’ lists, announced at the SIG Global Executive Summit on October 17. Here’s how Onventis describes itself: “We are pioneers in cloud-based solutions, transforming purchasing and finance processes since 2000.

Procurement solutions 88

Procurement solutions Supply Chain Efficiency Procurement supply chain software solutions 88

Procurement Software

JULY 4, 2023

Digital procurement tools offer buying teams a once-in-a-generation opportunity. What is digital procurement? Digital procurement is a process where technology is used to streamline the procurement process, both operational and strategic. What is procurement tech? Tech can’t do this on its own of course.

Supply Chain Efficiency 52

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

Empowering CPO

JULY 5, 2023

Introduction In the globalized and rapidly evolving business landscape of the 21st century, the strategic importance of procurement cannot be overstated. However, procurement can also be complex, time-consuming, and fraught with challenges. However, procurement can also be complex, time-consuming, and fraught with challenges.

Management 52

Management Procurement Real-time Visibility Ethics 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. The Social aspect looks at issues related to health and safety, diversity, human rights, equality, and community impact.

Strategy 52

Strategy Real-time Visibility Supply Chain Efficiency Suppliers 52

Empowering CPO

JUNE 27, 2023

A robust spend analysis provides a comprehensive view of your company’s expenditures, helping you identify savings opportunities, enhance efficiency, and ultimately, fuel business growth. Join us as we delve into the world of spend analysis, exploring its importance, functionality, and its potential in propelling your business forward.

Real-time Visibility 52

Real-time Visibility Supply Chain Optimization Purchase orders Supply Chain Efficiency 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?

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Strategic planning 52

Empowering CPO

JUNE 14, 2023

Brief Overview of Procurement Welcome to our deep dive into the world of procurement. But before we venture into the depths of innovation in this field, let’s first establish what procurement really is. This is especially true in procurement, where the landscape is rapidly evolving. Understanding Procurement A.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Una

JANUARY 8, 2024

Boosting Business Growth With the Help of a Group Purchasing Organization A playbook for boosting business growth, moving beyond the outdated perceptions of procurement, and turning it into one of your organization’s most important sources of value. What if procurement wasn’t just about cutting costs and securing deals?

supply chain budgeting 52

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

Arkestro

NOVEMBER 7, 2023

Resources / Blog / How to Transform Procurement into a Strategic C-Suite Player How to Transform Procurement into a Strategic C-Suite Player Procurement is at a crossroads. However, only 31% say procurement is driving their strategic agendas.

Procurement 52

Procurement Supply Chain Efficiency Innovation Procurement team 52

Procurement Heads

JULY 27, 2022

How did you get into procurement? I have spent 23 long years in procurement. I graduated back in 1999, joined the Peugeot graduate scheme in Coventry and spent the first few months in the procurement space. How do you think procurement must react to what is going on in the world at the moment? Can it withstand shocks?

Buyers 130

Buyers Sustainability Procurement Real-time Visibility 130

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.

Real-time Visibility 40

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

Empowering CPO

JUNE 27, 2023

Introduction Unveiling the untapped potential of spend analysis In the dynamic world of procurement, where businesses strive to optimize costs, drive efficiency, and foster long-term partnerships, one often overlooked yet powerful tool holds the key to unlocking untapped potential: spend analysis.

Supplier relationship management 52

Supplier relationship management Suppliers Management Negotiation 52

Una

JULY 27, 2023

WANTED: Transferable Skills for Procurement Explore some of the desired transferable skills for procurement that seasoned professionals can leverage when building a sourcing career. By Hugo Britt | July 27, 2023 Search Search According to the 2023 CIPS/Hays Procurement Salary Guide , over 20% of U.S. Everyone – really!

Procurement 52

Procurement Sustainability Contract Negotiation 52

Empowering CPO

JUNE 27, 2023

Introduction Unleashing the Power of Spend Analysis for Procurement Success In the world of procurement, data is the key to unlocking strategic decision-making and maximizing cost savings. Spend analysis, the process of comprehensively evaluating an organization’s expenditures, plays a pivotal role in driving procurement success.

Procurement 52

Procurement Supply Chain Optimization Real-time Visibility Procurement strategies 52

Arkestro

NOVEMBER 21, 2022

There is no debate regarding how critical the supplier-buyer relationship is within the procurement industry. Our six-step guide helps address this issue, offering insights on several ways to become your customer’s supplier of choice. What Defines a Buyer’s Supplier of Choice? So, what makes a supplier a favorite?

Suppliers 52

Suppliers Buyers Quality Procurement 52

Empowering CPO

MAY 8, 2023

Importance of Risk Management in Procurement Procurement plays a critical role in the success of any organization, as it involves acquiring goods and services necessary for business operations. Finally, we will provide practical tips for incorporating risk management best practices into your organization’s procurement process.

Risk management 52

Risk management Risk Procurement strategies Strategy 52

Empowering CPO

JUNE 27, 2023

Introduction Overview of Spend Analysis and Its Significance in Procurement In today’s competitive business landscape, effective procurement strategies play a vital role in the success of organizations. One crucial aspect of procurement is gaining insights into spending patterns and optimizing expenditures.

Real-time Visibility 40

Real-time Visibility Supply Chain Optimization Data Suppliers 40

Jaggaer

APRIL 21, 2020

JAGGAER’s Amenallah Reghimi and Mic h ael Roesch recently partnered with Philip Ideson , founder and managing directo r at Art of Procurement , to bring procurement professionals a presentation on response tactics for the current global crisis. Secondly, intuitive UI/UX becomes even more important as your?users?will

Procurement 52

Procurement Price Agile and Lean Supply Chain Suppliers 52

Procurement Software

APRIL 16, 2024

Ensuring your procurement team has the optimal blend of procurement training is a challenge. In today’s tough economic environment, could technology enable procurement training to be delivered for less cost and more effectively? Jonathan is the CEO of UK-based procurement training company Positive Purchasing.

Procurement 52

Procurement Budget Procurement team Negotiation 52

Empowering CPO

JULY 2, 2023

Introduction In an increasingly complex global market, procurement services have become more than just a business necessity; they are a strategic linchpin that can significantly impact a company’s bottom line. Yet, the intricacies of this process, especially in terms of supplier management, can present a myriad of challenges.

Risk management 40

Risk management Risk Suppliers Management 40

The Good Spending

DECEMBER 13, 2021

Tail spend - the procurement nightmare. While we carol Procurement 4.0 What is the worth nightmare of a procurement professional? As per the famous Pareto principle , 80% of your expenditure remains with 20% of your vendors. Thirdly, the procure-to-pay cycle is long and complex. on optimizing the tail spend.

Buyers 52

Buyers Quantity Procurement Contract 52

Empowering CPO

JUNE 14, 2023

Introduction In today’s competitive and interconnected business environment, the ability to negotiate effectively has become a fundamental skill that plays a pivotal role in the procurement process. The role of a procurement professional, sometimes known as a purchasing agent or supply chain manager, is crucial in any organization.

Negotiation 40

Negotiation Strategy Procurement Import 40

Empowering CPO

JUNE 21, 2023

Introduction In the fast-paced business environment of the 21st century, having a firm grasp on your company’s spending patterns is not just beneficial—it’s essential. To decrease procurement costs, improve efficiency, monitor compliance, and contribute to informed, strategic decision making. The primary aim?

Real-time Visibility 52

Real-time Visibility Data Procurement Strategic sourcing 52

Empowering CPO

JUNE 27, 2023

Introduction In the complex world of procurement, where every penny counts, gaining a deep understanding of your organization’s spending habits is crucial to unlocking value and maximizing savings. Why is spend analysis so important in procurement? Imagine trying to navigate a labyrinth without a map or compass.

Procurement 40

Procurement Supply Chain Optimization Supplier consolidation Suppliers 40

ivalua

SEPTEMBER 26, 2019

Many countries have also introduced new regulations on sustainability (modern slavery, conflict minerals), or diversity, which add new risk factors in terms of compliance. Some of this work should include building better relationships with suppliers and colleagues. Make Risk Management Part of DNA. There are many reasons for this.

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain Risk Supply chain Risk management 100

Supply Chain Game Changer

JUNE 8, 2021

Whether you are a student, at the beginning of your career, or an expert sought after by others, we can all continue to learn from others. My message is for young professionals to keep their options open and value diversity in opportunities. Try to never get stuck in your functional silo. Subscribe Here! Email Address.

Supply Chain Efficiency 97

Supply Chain Efficiency supply chain budgeting Supply chain Leadership 97

World of Procurement podcast

NOVEMBER 7, 2021

Hey Procurement Legends, I had an awesome chat with Natasha, the COO of Paid which is a Procurement automation platform. I do encourage you to check out their product and think about how it may help you in your day-to-day procurement work. It just happens that these sit within the realms of procurement.

Procurement 52

Procurement Suppliers supply chain software solutions Real-time Visibility 52

Supply Chain Game Changer

NOVEMBER 7, 2019

In this post, I’d like to suggest a mapping of a digital procurement ecosystem, dive into the necessity for these functionalities, and draw some conclusions as to how these focus areas can drive performance in an overall procurement organization. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

Agile and Lean Supply Chain 55

Agile and Lean Supply Chain Procurement Innovation Sourcing 55