Procurement Insights

OCTOBER 23, 2023

My answer has always been the same – it’s not about the technology but the problems the technology solves. When you lead with people and process understanding – an agent-based model, technology moves from a functional driver to a problem-solving tool that streamlines and delivers efficiencies and tangible results.

Quality 59

Quality Procurement Suppliers Leadership 59

Procurement Insights

NOVEMBER 13, 2023

Here is an excerpt from a recent post titled “Are you chasing solutions or solving problems? When you lead with people and process understanding – an agent-based model, technology moves from a functional driver to a problem-solving tool that streamlines and delivers efficiencies and tangible results.”

Procurement 45

Procurement 45

Procurement Tactics

DECEMBER 6, 2022

33 Procurement Interview Questions in 2022. In this article, we will discuss what spend management is. We will tell you the challenges and benefits of spending management. We will tell you the challenges and benefits of spending management. Thus, businesses switched to automation to solve their cash flow problems.

Spend management 172

Spend management Management Real-time Visibility Budget 172

Spend Matters

AUGUST 31, 2023

Procurement professionals and IT leaders tasked with managing software procurement today can often only focus on the top 20% of vendors. SaaS and vendor management has become increasingly complex Procurement and IT are being inundated with software access, vendor intake and renewal requests. How is this problem solved?

Data 103

Data Vendor management Procurement e2e 103

Supply Chain Game Changer

SEPTEMBER 12, 2022

Much of Supply Chain activity not only involves solving problems but also involves doing the investigative work to find out what caused those problems so as to prevent recurrence in the future. In this vein we launched our “The Supply Chain Detective Series” and here we present our first 10 cases!

Supply chain 83

Supply chain Supply Chief Procurement Officer Inventory 83

Una

APRIL 27, 2023

Pain Points in Procurement Series The Consequences of Getting Procurement Involved Too Late Avoid getting procurement involved too late in the purchasing process. Learn how to engage stakeholders early to amplify the value procurement brings to the table. We can hose down the ruin, but that’s all.”

Procurement 98

Procurement Real-time Visibility Purchasing Risk 98

SCMDOJO

NOVEMBER 17, 2023

We enable them by providing high-quality supply chain on-demand courses, guides, best practices, tools, and mentoring from industry experts. We have Courses like S&OP deployment, Supply Chain Digitalization , , and Negotiation in Procurement. This field requires continuous learning as there are new emerging problems.

Agile and Lean Supply Chain 70

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 70

ivalua

SEPTEMBER 8, 2015

Accenture’s recently published “ Is Yours a Procurement Organization of One? provides a bold look into the near future of procurement organizations. This is a mindset shift for procurement teams, but it should not be such a stretch. Transformative technology helps us change the way we do business.

Procurement 149

Procurement Procurement team Innovation Suppliers 149

ivalua

JUNE 1, 2022

Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed by Philip Ideson from Art of Procurement to discuss the impact of the Covid-19 pandemic on Procurement. When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity.

Supply chain resilience 130

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

Zycus Cognitive Procurement

JANUARY 16, 2023

Don’t we all love the buying experience on Amazon and other eCommerce websites which is instantaneous, offers lot of choices, and almost zero friction. Challenges in Streamlining Procurement Process. Such a broken procurement process also impact the procurement KPIs across multiple fronts like: .

Sourcing 52

Sourcing Real-time Visibility Procurement Buyers 52

ivalua

OCTOBER 4, 2021

New legislation and regulations that support these imperatives are adding to the urgency for businesses to adopt and execute on corporate social responsibility (CSR) initiatives — but there are barriers to overcome, especially in Procurement. We found a number of other drivers,” he said. Getting Business Priorities Straight.

Supply Chain Efficiency 130

Supply Chain Efficiency Sustainability supply chain software solutions Suppliers 130

Arkestro

SEPTEMBER 19, 2023

Resources / Blog / Autonomous Sourcing Leads to Better Procurement Outcomes Autonomous Sourcing Leads to Better Procurement Outcomes The only ubiquitous thing about sourcing and procurement in 2023 is that there is no one-size-fits-all model for success. However, with great challenges also come great opportunities.

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Sourcing supply chain budgeting Procurement Bidding 52

Spend Matters

SEPTEMBER 12, 2023

The term ‘intake management’ has existed for years in a procurement context, but only relatively recently has its role become firmly implemented within the source-to-pay (S2P) software market. But the edge these intake management solutions have in the marketplace,” Xavier explains, “is their ability to solve complex use cases.

Management 99

Management Sourcing Data Procurement 99

Una

JUNE 13, 2023

How to Impress During a Procurement Job Interview Explore strategies candidates can use to bring their A-game to the table and impress the hiring managers during a procurement job interview. Below, we share some strategies that are sure to impress in a procurement job interview. Then, read it again.

Procurement 52

Procurement Management Ethics Negotiation 52

IBM Supply Chain Blog

FEBRUARY 13, 2024

Streamline workflows with personalized content creation, tailored product descriptions and market-ready copy. Adopt a use-case-driven approach to generative AI The key to success lies in adopting a use-case-driven approach, focusing on your company’s problems and how generative AI can solve them.

Data 125

Data Ethics Quality Project management 125

ivalua

MARCH 16, 2021

Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed in late 2020 by Philip Ideson from Art of Procurement. When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity. Why is visibility so important?

Supply chain resilience 130

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

Zycus Cognitive Procurement

JUNE 23, 2022

When we parsed the payments landscape, we found out these were the key limiting factors of adoption: IT and other technical resources are usually needed to implement a fully automated e-invoicing system. However, other markets with similar challenges have solved this puzzle by standardizing e-invoice exchange frameworks.

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Networking Procurement 52

Una

SEPTEMBER 11, 2023

By Hugo Britt | September 12, 2023 Search Search You’re a procurement professional keen to exploring the benefits of working with a group purchasing organization. Procurement professionals can use these rebuttals to convince their bosses that utilizing GPO services may be the right move for the business.

Real-time Visibility 52

Real-time Visibility Purchasing Suppliers Supplier relationship management 52

SCMDOJO

MARCH 8, 2024

In this blog, we’ll explore some key inventory optimization strategies that can benefit businesses of all sizes and industries. Here are five simple yet powerful strategies to optimize inventory and streamline operations: 1. This helps in reducing safety stocks and streamlining inventory management processes.

Supply Chain Optimization 79

Supply Chain Optimization Supply Chain Efficiency Inventory Strategy 79

Arkestro

JULY 4, 2022

Supplier diversity is increasingly being recognized as a critical objective for procurement. This benefits society in general, but being seen as part of the solution instead of part of the problem is also good for business. Supplier Diversity is Critical for Multiple Reasons, and Predictive Procurement Is the Solution.

Suppliers 52

Suppliers Procurement Real-time Visibility Chief Procurement Officer 52

Procurement Software

APRIL 4, 2023

Over the last few years there has been a fundamental shift in how the procurement function has been viewed within a business. Once seen as a back-office administrative function, procurement has rightly moved into the spotlight. A whole new breed of procurement tech platforms have sprung up since the outbreak of the pandemic.

Procurement 59

Procurement e2e Purchase orders Buyers 59

IBM Supply Chain Blog

AUGUST 4, 2023

CMMSs can help organizations mitigate the impact of shortages by streamlining and automating key maintenance processes. Remote monitoring enables technicians to address problems promptly and from anywhere with mobile access to CMMS platforms, reducing the need for multiple site visits and optimizing their time and resources.

Sustainability 60

Sustainability Data Management Inventory 60

Procurify

JULY 21, 2022

Do we need to revisit this? How can we streamline procure-to-pay during a recession? Accounting and operations teams rarely get a chance to fix underlying problems and address process issues that cause inefficiencies at work. Learn more in our Remote Procurement guide. Who is approving what?

Spend management 52

Spend management Management Budget Purchase orders 52

Planergy

AUGUST 18, 2023

Clients and results More Customers We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy. It includes overseeing scheduling, planning, organizing, staffing, budgeting, communication, and problem-solving tasks.

Management 52

Management Budget Collaboration Spend management 52

Planergy

AUGUST 18, 2023

Clients and results More Customers We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy. It includes overseeing scheduling, planning, organizing, staffing, budgeting, communication, and problem-solving tasks.

Management 52

Management Budget Collaboration Spend management 52

SCMDOJO

AUGUST 21, 2023

In this blog post, we will explore the list of Top 10 Supply Chain TikTokers who you need to follow right now and equip yourself with the actionable insights they have to offer. In this section, we present a list of the top 10 TikTokers who have successfully contributed to supply chain knowledge sharing and enhancement.

Supply Chain Optimization 97

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

Bonfire

JANUARY 25, 2023

The most common thing preventing procurement teams from creating these initiatives is not having a starting point. Gather, store, and use your data One critical piece of any procurement department is a system to collect vendor diversity data. Vendors don’t understand the procurement process and what’s required of them to start bidding.

Bidding 52

Bidding Eprocurement Leadership Data 52

HICX

FEBRUARY 2, 2023

The discussion focused on key findings from our recent Voice of the Supplier Survey and reactions to the results from an industry-insider perspective and a supplier point of view.

Suppliers 52

Suppliers Procurement Buyers Collaboration 52

Arkestro

NOVEMBER 2, 2022

Procurement in the automotive industry is complex. Enter predictive procurement. Predictive procurement is central to solving a wide range of complex supply chain problems efficiently and effectively. What is the challenge or uniqueness of automotive sourcing and procurement?

Price 52

Price Suppliers Procurement Agile and Lean Supply Chain 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

Zycus Cognitive Procurement

FEBRUARY 21, 2022

Why automate your procurement process ? But the first step to implementing a positive change in your company is to identify an issue or problem that needs to be solved. Close the gaps in your process by automating IT and procurement. The answer is as simple as it sounds—it makes things simpler. Conclusion.

Sourcing 40

Sourcing Real-time Visibility Supply Chain Efficiency Suppliers 40

SupplyShift

JUNE 4, 2021

Through collaborative efforts, companies can target and synthesize connections between the myriad of problems the globe currently faces and those they seek to solve. When companies join forces with their peers, we see exponential progress. Collaboration to Accelerate. When businesses collaborate, change accelerates.

Collaboration 52

Collaboration Sustainability Supply Chain Efficiency Supply chain 52

Zycus Cognitive Procurement

JULY 27, 2021

Procure to pay automation has come a long way in the world of procurement. Fans of the genre would know that many TV’s favourite detectives solve crimes by relying on their “gut feeling”, a “hunch”, or their brilliant instincts. Learn More: Procure-to-Pay-Automation ; Now one may argue that all this research takes time!

Procurement 40

Procurement Real-time Visibility Chief Procurement Officer e2e 40

Planergy

OCTOBER 20, 2022

We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with PLANERGY. Knowing when to use which document for what purpose can dramatically improve your procurement process. Clients and results. More Customers. Cristian Maradiaga.

Buyers 52

Buyers Supply Chain Efficiency Suppliers Price 52

Claritum

MAY 11, 2018

Claritum Article - Procurement Blog. If your organisation struggles with supply chain visibility you are not alone, according to Deloitte’s survey of Chief Procurement Officers, 65% of CPO’s have limited or no visibility beyond their Tier 1 suppliers. So, how do you solve this problem? Supply chain visibility is poor. %.

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Global sourcing Sourcing Chief Procurement Officer Real-time Visibility 32

IBM Supply Chain Blog

FEBRUARY 14, 2024

We’re all amazed by what AI can do. Smarten up smartphones Facial recognition turns on smartphones and voice assistants, powered by machine learning, while Apple’s Siri, Amazon’s Alexa, Google Assistant and Microsoft’s Copilot use NLP to recognize what we say and then respond appropriately.

Real-time Visibility 88

Real-time Visibility Data Supply Chain Efficiency Supply Chain Optimization 88

SupplyShift

JUNE 4, 2021

Through collaborative efforts, companies can target and synthesize connections between the myriad of problems the globe currently faces and those they seek to solve. Collaboration to Accelerate When companies join forces with their peers, we see exponential progress. When businesses collaborate, change accelerates.

Collaboration 40

Collaboration Sustainability Supply Chain Efficiency Supply chain 40