Procurement Tactics

JUNE 19, 2023

Management consulting firm Oliver Whyman reports that incumbent companies are currently being overshadowed by a total of 356 procurement startups that offer procurement solutions. One of the main reasons for this is that these businesses are digitalizing procurement solutions.

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Planergy

JANUARY 26, 2023

Here we’ll discuss various potential supply chain disruptions and what you can do to mitigate the risks to keep your business up and running throughout whatever circumstances are thrown your way. Sociopolitical Risks When politics and government change drastically, it has the potential to wreak havoc on your current supply chain.

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Risk supply chain software solutions supply chain budgeting 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

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. This is crazy. This is operational, day-to-day work.

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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. This is crazy. This is operational, day-to-day work.

supply chain software solutions 52

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

Procurement Insights

DECEMBER 8, 2023

There is a growing realization that process, not technology, is the main force behind successfully achieving efficiency and spend rationalization. Are You In The Software Business? The question I had posed in Part 6 of my 7-Part Dangerous Supply Chain Myths Series was, “Are you – being the end-user, in the software business?”

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supply chain software solutions Supply Chain Efficiency Collaboration Supply chain 70

Empowering CPO

JULY 17, 2023

From securing raw materials to procuring top-tier services, these purchases directly impact a company’s efficiency, productivity, and bottom line. From supplier relationship management to purchasing and payment processing, MPS providers cover a wide spectrum of procurement-related activities.

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Supply Chain Game Changer

NOVEMBER 15, 2018

Regardless of the sheer amount of content one could chose to consume, the theme for the day was apparent and held strong: Digital Procurement. A New Kind of Transparency. Advancements in technology have created a new age of business transparency, demanded by stakeholders and consumers at large. Withstanding Scrutiny?—?A

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Procurement Software

APRIL 2, 2024

But often, those who aren’t familiar with the procurement software market mistakenly overestimate the cost. The reality is that procurement tech doesn’t have to be expensive. You don’t need a 6-figure software budget or a large sum to hire consultants for implementation.

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supply chain budgeting supply chain software solutions Procurement Budget 52

SCMDOJO

JULY 3, 2023

In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. Types of procurement.

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Procurement Insights

DECEMBER 12, 2022

(Editor’s Note: This post is a follow-up to the breaking headline “COUPA SOFTWARE ENTERS INTO DEFINITIVE AGREEMENT TO BE ACQUIRED BY THOMA BRAVO FOR $8 BILLION.” There is a growing realization that process, not technology, is the main force behind successfully achieving efficiency and spend rationalizaton. coupa #zycus).

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supply chain software solutions Procurement Supply Chain Efficiency Supply chain 40

Zycus Cognitive Procurement

JANUARY 24, 2023

As per the experts “ PLAN for 2023 requires a synergy between people, process and technology aspects.” Technology: CPOs should look for an integrated platform to manage all the spending and processes, such as third-party risk, sourcing, supply chain, invoicing, contracting, and payments.

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Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Planergy

JANUARY 19, 2023

As it often proves reliable when estimating outcomes, this concept is widely used by various industries attempting to maximize their efficiency. This would mean that 70% of your spending is going toward one type of product—in this case, stationery—and 30% is being spent on other types of office supplies. How Pareto Analysis Works?

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supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

Spend Matters

OCTOBER 3, 2023

We recently spoke with procurement solution providers to discover what their customers are asking of them. In a new series of investigations Spend Matters is speaking with representatives from the world of procurement tech practitioners and consultants to discover the word on the street about the challenges of ‘turning digital.’

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Procurement Software

MARCH 11, 2022

Despite the movement towards a broader value-driven view of procurement excellence and how we contribute to the wider business (people, planet, profit), the reality is that even though there is a tacit, newly found appreciation that buyers deliver more than just bottom line savings, it often isn’t reflected in their annual objectives.

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Procurement supply chain budgeting Price Negotiation 52

Procurement Software

MARCH 11, 2022

Despite the movement towards a broader value-driven view of procurement excellence and how we contribute to the wider business (people, planet, profit), the reality is that even though there is a tacit, newly found appreciation that buyers deliver more than just bottom line savings, it often isn’t reflected in their annual objectives.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

ivalua

MARCH 16, 2020

As an international technology group with about 10,000 employees, Körber offers products, solutions and services that inspire. The close cooperation between supply chain management and internal stakeholders as well as external partners made a major contribution to this.

Agile and Lean Supply Chain 49

Agile and Lean Supply Chain Procurement Supply Chain Efficiency Chief Procurement Officer 49

Procurement Tactics

OCTOBER 18, 2022

Supplier Relationship Management Software — Everything You Should Know. Supplier relationship management software is a very important factor for procurement managers to strengthen their relationship with their suppliers. However, what is this supplier relationship management software?

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Planergy

OCTOBER 20, 2022

Sourcing Supply Chain Management. Knowing when to use which document for what purpose can dramatically improve your procurement process. Buyers can provide information about prices, quality, delivery times, and other important factors when purchasing. They ensure fairness and transparency in the procurement process.

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Buyers Supply Chain Efficiency Suppliers Price 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.

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

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. In this blog post, we will dive deeper into the world of Managed Procurement Services and their role in promoting cost reduction.

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Procurement Software

JUNE 13, 2023

There doesn’t seem to be a month go by without a new solution coming onto the market offering eSourcing software as part of their offering. Knowing which solution is suited to your business and level of procurement maturity is a minefield. Which eSourcing solutions are best suited to mid-market businesses?

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supply chain software solutions Contract management Contract Sourcing 52

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. Build a more efficient procurement with the Definitive Guide to P2P Optimization Download free guide What is cloud procurement?

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Procurement Software

MARCH 5, 2024

If you want to search the whole range of procurement tech companies out there beyond just startups, then check our our free software directory. Focal Point Focal Point is a growing Atlanta-based procurement startup offering a unique solution tacking three different challenges within procurement.

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

Procurement Tactics

JULY 21, 2022

Procurement portals have shaped supply chain management drastically. It is one of the most useful and popular solutions for digital transformation. . The procurement portal’s functionality lets two complex business processes be optimized and streamlined. What is a procurement portal? What is e-procurement?

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Procurement Procurement solutions Competitive bidding Bidding 147

Pipefy

NOVEMBER 24, 2023

Many organizations have implemented software automation tools that allow them to get more done at a lower cost, but procurement is one area that has lagged behind in this trend. According to Amazon’s 2024 State of Procurement report, 95% of decision makers believe that procurement has room for optimization.

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Pipefy

JULY 31, 2023

Emerging technologies like intelligent automation (IA), robotic process automation (RPA), and business process automation (BPA) software lend themselves well to this process, saving organizations precious resources like time, money, and employee focus. Learn more about front-office automation vs. back-office automation.

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

TYA Suite

MAY 14, 2023

In the upcoming years, technology will have a significant impact on procurement's core sectors, including spend analytics, procurement, and vendor management. Procurement specialists may feel intimidated by the looming introduction of an automated procurement solution. all of your purchase data is in one location.

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Planergy

NOVEMBER 29, 2022

It’s never a good idea to work with a single partner on anything mission-critical, as it can damage your organization if an issue arises with its supply chain. It can work for basic things like office supplies you don’t often need. Fewer suppliers can make it much easier for companies to manage their supply chains effectively.

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Supplier consolidation Risk Suppliers supply chain budgeting 52

Planergy

AUGUST 8, 2023

Open tendering is preferable as it allows companies to apply for multiple contracts at once, resulting in more efficient use of resources and reduced cost-over-runs from multiple procurement processes. However, you must use care and consistency to ensure that single-source procurement improves organizational efficiency and outcomes.

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