World of Procurement blog

MAY 8, 2024

Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Procurement is strategically important because it: Drives significant cost savings through economies of scale, supplier negotiations, and process efficiencies. Increases efficiency by standardizing, streamlining, and automating processes.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Pipefy

MAY 9, 2023

Build a more efficient and connected procure-to-pay process with The Definitive Guide to P2P Optimization Importance of procurement KPIs Procurement has evolved over the years from transactional functions (now associated with purchasing) to encompass strategic activities focused on maximizing and creating value for a business.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

Empowering CPO

JUNE 26, 2023

Explanation of Spend Analysis and its Importance in Healthcare In the ever-evolving landscape of the healthcare industry, optimizing costs and maximizing efficiency has become paramount. Spend analysis helps identify preferred suppliers, assess supplier performance, and negotiate contracts, fostering stronger relationships with key suppliers.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Supplier consolidation 52

Empowering CPO

JULY 2, 2023

In this context, Managed Procurement Services offer an effective path to achieve this objective, leveraging innovation, process efficiency, and expert insights. This involves everything from identifying requirements and sourcing suppliers to negotiating contracts, placing orders, and managing supplier relationships.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Pipefy

AUGUST 1, 2023

Any business that wants to excel, or even compete, in the current capricious market must have the ability to make the best, most efficient use of its resources. This operations overview, or process visibility , can reveal common areas of waste and bottlenecks that cost companies millions in time and revenue each year.

Strategy 52

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

Planergy

JANUARY 19, 2023

How to gain visibility and control of your indirect spend. As it often proves reliable when estimating outcomes, this concept is widely used by various industries attempting to maximize their efficiency. How to report and analyze indirect spend to identify savings opportunities.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

IBM Supply Chain Blog

APRIL 4, 2024

BPM is intended to help improve the efficiency of existing processes, with the goal of increasing productivity and overall business performance. Conversely, it has a larger scope than task management, which deals with individual tasks, and project management, which handles one-time initiatives.

Real-time Visibility 61

Real-time Visibility Management e2e Supply Chain Efficiency 61