World of Procurement blog

APRIL 23, 2024

Electronic Procurement (e-Procurement) Systems Electronic procurement platforms streamline the purchasing process by allowing businesses to automate operations such as order placement, invoicing, and payment processing. This technology significantly reduces manual work, minimizes errors, and speeds up transaction times.

Supply Chain Efficiency 52

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

World of Procurement blog

APRIL 23, 2024

Electronic Procurement (e-Procurement) Systems Electronic procurement platforms streamline the purchasing process by allowing businesses to automate operations such as order placement, invoicing, and payment processing. This technology significantly reduces manual work, minimizes errors, and speeds up transaction times.

Supply Chain Efficiency 52

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

ivalua

JANUARY 13, 2021

– Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels. – Process efficiency with reduced cycle times and considerably decreased errors or fraud opportunities. A typical example is purchase order (PO) updates.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Budget 235

Procurement Software

MARCH 5, 2024

Multi-functional technology enables you to train anywhere at any time, while ever-learning programming allows you to experiment and practice to achieve different outcomes. LavenirAI allows you to train anywhere, any time, so you can stay at the top of your game. These modules can be purchased separately or as one complete suite.

Real-time Visibility 52

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

ivalua

NOVEMBER 10, 2020

Thinking of procurement as a new source of revenue is certainly counterintuitive, but it fits the bill of thinking differently. e Procurement has been part of the technology footprint in many states for decades, to reduce cycle times, streamline processes, and collaborate with suppliers. .

Procurement 130

Procurement Real-time Visibility Contract Sourcing 130

Zycus Cognitive Procurement

JANUARY 16, 2023

You must have found yourself struggling with limited visibility into preferred or contracted suppliers, contract utilization status, budgeting issues, and multiple requirements for sourcing low dollar items or services. It is usually time consuming, require multiple approvals and follow ups. Lack of pricing compliance .

Sourcing 52

Sourcing Real-time Visibility Procurement Buyers 52

ivalua

NOVEMBER 10, 2020

Thinking of procurement as a new source of revenue is certainly counterintuitive, but it fits the bill of thinking differently. eProcurement has been part of the technology footprint in many states for decades, to reduce cycle times, streamline processes, and collaborate with suppliers. .

Sourcing 130

Sourcing Eprocurement Real-time Visibility Contract 130

Pipefy

JUNE 15, 2023

As businesses complete their digital transformation and move away from complex (and often manual) legacy systems, modern procurement solutions are rapidly replacing traditional methods. Procurement organizations are primarily measured by cost savings, making it imperative for them to reduce purchase prices as much as possible.

Procurement 52

Procurement supply chain software solutions Purchase orders Procurement solutions 52

Una

AUGUST 30, 2022

Whether you have a P2P, S2C, or SRM focus, there’s little doubt that you are leveraging the data flowing into your systems to optimize business intelligence and ultimately make better decisions based on real evidence. Procurement Automation: 5 Tasks You Should be Automating. Digital enablement in procurement starts with data.

Procurement 98

Procurement e2e Supplier relationship management Real-time Visibility 98

Zycus Cognitive Procurement

OCTOBER 20, 2022

Cognitive procurement enables business users to achieve organizational excellence by: Improving decision making. Making procurement decisions is a complex task that requires considering a wide range of factors such as price & quality, delivery times, and terms & conditions. appeared first on Zycus Procurement Blog.

Real-time Visibility 59

Real-time Visibility Procurement Procurement team Risk 59

Spend Matters

JUNE 19, 2023

What does a Procure-to-Pay solution do? A Procure-to-Pay (P2P) solution is a combination of the e-procurement and AP Automation/I2P markets spanning the procurement process, including automation of purchase requisitions/orders, receipts, invoices, payments and financing.

Procurement 78

Procurement Real-time Visibility Purchasing Inventory 78

Arkestro

MARCH 28, 2023

According to Spend Matter’s whitepaper, “ Procurement’s future is embedded platforms: introduction to predictive procurement orchestration ,” while many organizations have adopted digital technology, the transformation occurs more on the visibility level (i.e. Is low-intent purchasing behavior affecting your business?

Procurement 52

Procurement Real-time Visibility Procurement team Purchasing 52

Arkestro

MARCH 28, 2023

According to Spend Matter’s whitepaper, “ Procurement’s future is embedded platforms: introduction to predictive procurement orchestration ,” while many organizations have adopted digital technology, the transformation occurs more on the visibility level (i.e. Is low-intent purchasing behavior affecting your business?

Procurement 52

Procurement Real-time Visibility Procurement team Purchasing 52

Pipefy

JUNE 14, 2023

Key takeaways Spend data is the information related to a company’s spending, specifically goods and services purchased from external suppliers or vendors. Visibility into procurement categories and effective management of categories fosters benefits like greater risk management and less costly supplier redundancies.

Real-time Visibility 52

Real-time Visibility e2e Procurement team Contract 52

Spend Matters

JUNE 19, 2023

Click to enlarge The average vendor can use its analytics schema to go beyond deriving reports from transactional purchasing and invoicing data to provide deeper quantitative insights on the data, including performance modeling (e.g., normalizing/enhancing spend data for benchmarking), causal factor analysis (i.e.,

Real-time Visibility 78

Real-time Visibility Data e2e Quality 78

Arkestro

DECEMBER 12, 2022

Supply Chain Visibility. Supply chain visibility is another critical issue. Visibility provides regulatory and consumer assurance in the face of issues like counterfeiting. To combat these issues, health and pharma need supply chain visibility—all the way down the supply chain.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

Procurement Insights

OCTOBER 20, 2023

At the time, it was as much whimsy as it was reasonable contemplation. I say reasonable because that was the time when many people started asking the question, “Why can’t buying at work be as easy as it is at home on Amazon? .” ” Comparison Results: Amazon AWS is the clear winner in this comparison. .

Real-time Visibility 66

Real-time Visibility Buyers Eprocurement Procurement 66

Procurement Software

MARCH 11, 2022

Here are just a few examples of how top procurement software solutions can move the needle and drive better results from your existing procurement team. Purchase to pay software with a mobile-first interface that busy stakeholders actually enjoy using. Yet hardly any TRULY have a real grip on what they BUY.

supply chain software solutions 52

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

Procurement Software

MARCH 11, 2022

Here are just a few examples of how top procurement software solutions can move the needle and drive better results from your existing procurement team. Purchase to pay software with a mobile-first interface that busy stakeholders actually enjoy using. Yet hardly any TRULY have a real grip on what they BUY.

supply chain software solutions 52

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

Bonfire

APRIL 3, 2023

As public procurement partners, we speak to many procurement professionals at public sector agencies, and we frequently hear one common refrain—that they feel imprisoned by their ERP. For many of them, their organizations have invested a lot of time and money in ERP systems that do many things well and are there to stay.

Eprocurement 52

Eprocurement Bidding Strategic sourcing Strategic sourcing 52

Spend Matters

JUNE 19, 2023

They also improve access to contract information and drive more effective and timely purchasing decisions through the re-use of information to create contract terms and notifications of when to take critical actions. For more information on procurement tech, services and vendors consult Spend Matters comprehensive free directory.

Contract 89

Contract Management Negotiation Real-time Visibility 89

Empowering CPO

JULY 16, 2023

Our expert team works alongside your organization, offering comprehensive and customized procurement solutions that align with your business goals. Our services range from spend analysis and supplier relationship management to contract management, strategic sourcing, and e-procurement solutions.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Zycus Cognitive Procurement

JULY 27, 2021

Although, this “a-ha” moment makes for great viewing, but we know that crimes are solved based on hard facts in real life. Once upon a time in procurement, a Chief Procurement Officer (CPO) may have been able to make decisions by relying on their instinct; after all, instinct is simply the product of years of distilled experience.

Procurement 40

Procurement Real-time Visibility Chief Procurement Officer e2e 40

Planergy

JANUARY 19, 2023

How to gain visibility and control of your indirect spend. This is an example of how the Pareto Principle can be applied to spend analysis; by focusing your efforts on reducing costs associated with stationery purchases, you could potentially save more money than if you were trying to reduce all office supply costs equally.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

Empowering CPO

JULY 16, 2023

Our expert team works alongside your organization, offering comprehensive and customized procurement solutions that align with your business goals. Our services range from spend analysis and supplier relationship management to contract management, strategic sourcing, and e-procurement solutions.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

Pipefy

JULY 31, 2023

Business process automation streamlines many time-consuming, labor-intensive, and repetitive tasks typically handled by internal departments like HR, IT, and finance. These solutions can easily store and organize data for back-office processes like accounting, invoicing, and cash flow management. What is back-office automation?

supply chain software solutions 52

supply chain software solutions e2e Agile and Lean Supply Chain Real-time Visibility 52

Empowering CPO

JULY 3, 2023

As globalization accelerates and supply chains become increasingly complex, procurement’s role has expanded from a mere transactional function to a strategic one. Procurement is no longer just about purchasing goods and services at the lowest cost. Another crucial aspect of our innovative approach is data.

Innovation 52

Innovation Strategy Procurement Management 52

Claritum

OCTOBER 3, 2017

As featured in the ‘ The 10 Most Innovative Procurement Solution Providers ’ article published in the September 2017 Insights Success Magazine , Claritum discuss the drive for a New Wave of Easy-to-use Procurement Products…. Optimizing Spend Visibility, Control, Cost Savings and process Efficiencies.

Real-time Visibility 32

Real-time Visibility Procurement Supply Chain Efficiency Supply Chain Optimization 32

Planergy

JANUARY 26, 2023

How to gain visibility and control of your indirect spend. What to Do About It Re-evaluate using ocean routes and determine the carriers that can increase shipping in anticipation of storms, so you can be flexible enough to scale back operations in uncertain times. Other times, it could be because of bad decisions or poor judgment.

Risk 52

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

Empowering CPO

JULY 2, 2023

In essence, it’s a critical business function that ensures the right goods and services are available at the right time, in the right quantities, at the right price. However, in today’s complex and globalized economy, procurement goes far beyond simple buying.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Empowering CPO

JULY 5, 2023

Procurement, which refers to the process of finding, acquiring, and buying goods, services, or works from an external source, often via a tendering or competitive bidding process, plays a critical role in determining a company’s efficiency and profitability. This is where managed procurement services come into the picture.

Management 52

Management Procurement Real-time Visibility Ethics 52