Procurement Tactics

OCTOBER 18, 2022

SRM is usually used by many supply chain professionals who constantly deal with suppliers in areas such as procurement, project management, and operations. . The SRM aims to ensure buying from reliable suppliers, bring end-to-end visibility of supplier collaboration workflow, and improve the resilience of the supply chain. .

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

Procurement Tactics

JUNE 28, 2023

In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. These elements are the main focus of monitoring the procurement process of your company and are the factors that determine whether the procurement is efficient and feasible.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

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. They can forecast supply chain disruptions and automate routine tasks, respectively.

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. They can forecast supply chain disruptions and automate routine tasks, respectively.

Supply Chain Efficiency 52

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

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation. Procurement teams equipped with risk management tools can ensure business continuity and minimize potential negative impacts.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

ivalua

NOVEMBER 3, 2021

The 140 year-old company has a strong market position; large volume provides necessary scale and competitive advantages in purchasing, sales, logistics, and business support. Acting as a complementary partner to their suppliers, Procurement is a central target and strategic function for Ahlsell. billion in annual sales.

Procurement 130

Procurement Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain 130

Pipefy

NOVEMBER 24, 2023

According to Amazon’s 2024 State of Procurement report, 95% of decision makers believe that procurement has room for optimization. In fact, 98% have plans for investments or upgrades in analytics and insights tools, automation, and AI-driven optimization of purchasing decisions. What are procurement tools?

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency e2e 52

Spend Matters

AUGUST 31, 2022

Categories: Analytics , Market Intelligence , Procurement , Procurement Systems & Architecture , Purchasing and Sourcing , Requisition / PO Management , Risk Performance and Compliance , Spend Analysis Tags: PRO Direct materials is a hot market for procurement solutions, and this has become even more the case since the Covid crisis.

Supply Chain Optimization 78

Supply Chain Optimization Material management Sourcing Influencing 78

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

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?

Procurement 52

Procurement supply chain software solutions Purchase orders Procurement solutions 52

ivalua

APRIL 2, 2019

Offshore ultra-deep water drilling company to deploy eSourcing globally across its purchasing function. Pacific Drilling requires a fast, efficient and automated sourcing process to support the company’s Purchasing processes. We look forward to contributing to their Procurement cost optimization initiative”. About Ivalua.

Sourcing 100

Sourcing Supply Chain Efficiency Chief Procurement Officer Supply Chain Optimization 100

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

Una

JUNE 22, 2023

Taking an Advisory Approach to Procurement An inside look at how Una, the nation’s fastest growing group purchasing organization, works to take an advisory approach to procurement. Far too often, however, procurement departments are overworked and understaffed.

Procurement 52

Procurement Purchasing Procurement strategies Procurement team 52

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.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement 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

Spend Matters

AUGUST 1, 2023

“Traditionally,” Xavier explains, “the buyer held the purchasing power. On many occasions, the power is actually held by the supplier due to the risks of ensuring the stream of supply, changing the relationship’s dynamics.” The post Analyst Eye on ancient challenges procurement faces appeared first on Spend Matters.

Procurement 79

Procurement Supply Chain Optimization Supply Chain Efficiency Procurement solutions 79

Empowering CPO

JULY 17, 2023

Understanding Managed Procurement Services Acknowledging procurement’s strategic significance, an increasing number of businesses are embracing Managed Procurement Services (MPS). Strategic Sourcing : Identifying optimal suppliers, negotiating contracts, and nurturing long-term relationships.

Procurement 52

Procurement Supply Chain Optimization Supply Chain Efficiency Strategic sourcing 52

Procurement Software

MARCH 5, 2024

Raindrop Raindrop is one of a number of US procurement startups offering enterprise-level spend management platforms. These modules can be purchased separately or as one complete suite. Raindrop has also been recognised as a cloud-enabled procurement focused Contract Lifecycle Management (CLM) application.

Real-time Visibility 52

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

Arkestro

MARCH 28, 2023

“Self-service” procurement systems have moved us from the physical space (paper and fax) to a virtual space (spreadsheets and email), where procurement teams are still required to manually touch the procurement process. Is low-intent purchasing behavior affecting your business?

Procurement 52

Procurement Real-time Visibility Procurement team Purchasing 52

Arkestro

MARCH 28, 2023

“Self-service” procurement systems have moved us from the physical space (paper and fax) to a virtual space (spreadsheets and email), where procurement teams are still required to manually touch the procurement process. Is low-intent purchasing behavior affecting your business?

Procurement 52

Procurement Real-time Visibility Procurement team Purchasing 52

Spend Matters

MARCH 5, 2024

Freely access Spend Matters TechMatch to directly assess and compare the capabilities of digital procurement solutions. Use Spend Matters comprehensive free vendor directory for more information on procurement tech, services and vendors. Still have questions and want to talk to a real person?

Procurement 108

Procurement Sourcing Risk management Ethics 108

Planergy

JANUARY 19, 2023

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. Using ABC Analysis: Class A: These purchases account for 80% of your total cost of purchases for 20% of suppliers. How Pareto Analysis Works?

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

Empowering CPO

JULY 17, 2023

By taking on the complexities of procurement, these services allow businesses to focus on their core competencies, while reaping the benefits of optimized supply chains, cost savings, and improved vendor relationships. One of the most significant benefits managed procurement services provide is cost savings.

Management 52

Management Procurement Vendor relationships Supply Chain Efficiency 52

Arkestro

DECEMBER 12, 2022

Procurement professionals of all types face a challenging and dynamic work environment. The pandemic and resulting supply chain disruptions have added extreme pressure on the health and pharma sector to address shortages quickly and efficiently. Supply Chain Visibility. Managing Supplier Relationships.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

Empowering CPO

JUNE 30, 2023

In simple terms, they are a suite of services where a third-party provider, like EmpoweringCPO, manages various procurement functions on behalf of an organization. These services can range from strategic sourcing and supplier management to purchase order management and invoicing. What Makes Up Managed Procurement Services?

Management 40

Management Procurement Supply Chain Efficiency Strategic sourcing 40

Pipefy

JULY 31, 2023

While these processes don’t generate revenue, optimizing and automating them can reduce operational costs and improve process efficiency — both of which lead to long-term business benefits. Multiple stakeholders must review requisitions and purchase orders, creating a time drain for purchasing staff.

supply chain software solutions 52

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

Procurement Software

JUNE 13, 2023

Penny Penny is a startup based in Saudi Arabia, offering a cloud-based Source-To-Pay solution. It serves the needs of purchasing managers, procurement professionals and senior buyers. Aiming to streamline procurement requests and approvals, while providing accurate reports and data analysis.

supply chain software solutions 52

supply chain software solutions Contract management Contract Sourcing 52

Spend Matters

JUNE 19, 2023

Carbon Management solutions and services support the estimation, continuous measurement and reduction of an organization’s GHG emissions (Scope 3 with a focus on purchased goods and services) by enabling calculation of CO2 footprint, identification of reduction opportunities and management of decarbonization plans with suppliers.

Management 79

Management Bill of materials Quantity Influencing 79

Empowering CPO

JULY 3, 2023

Introduction In the complex and fast-paced business world of today, Managed Procurement Services (MPS) have emerged as a key solution for enterprises seeking to streamline their operations, improve efficiencies, and achieve cost savings. Procurement is no longer just about purchasing goods and services at the lowest cost.

Innovation 52

Innovation Strategy Procurement Management 52

Empowering CPO

JULY 2, 2023

This approach, often embraced by businesses of all sizes, serves as a strategic move to enhance efficiency, reduce costs, and improve the overall quality of procurement. Managed procurement services can cover a vast range of functions – from sourcing and supplier management to purchasing, invoicing, and payment processes.

Management 52

Management Procurement Strategic sourcing Strategic sourcing 52

ivalua

MARCH 16, 2020

Optimization of the entire source-to-pay process for nearly all Körber locations worldwide. As an international technology group with about 10,000 employees, Körber offers products, solutions and services that inspire. Körber’s purchasing and supply chain management organisation is responsible for all procurement processes.

Agile and Lean Supply Chain 49

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

Jaggaer

OCTOBER 22, 2020

He was joined by Youness Taghrichte, Head of Procurement at Attijariwafa Bank, together with Richard Hogg, VP Northern Europe, JAGGAER, and Javier Lopez, Senior Value Engineer, JAGGAER. Optimizing cost, in the order of a 20-25% reduction on the current situation, is therefore a must in order to survive.

Strategy 52

Strategy Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Empowering CPO

JULY 2, 2023

If you’re new to the term, Managed Procurement Services refers to the outsourcing of a company’s procurement functions to a specialized firm. This approach allows businesses to leverage the expertise of procurement specialists to streamline operations, optimize supplier relationships, and most importantly, reduce costs.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Spend Matters

JUNE 19, 2023

Data Modeling The ability to build more sophisticated analyses on cost drivers, demand, contracts, working capital, risk, supply chain and overall procurement performance while maintaining data that is flexible and rich enough to fully support this type of spend analytics. SaaS licenses) and supply chain planning systems.

Real-time Visibility 78

Real-time Visibility Data e2e Quality 78

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

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. At EmpoweringCPO, we believe in the power of smart procurement to drive business success.

Risk management 40

Risk management Risk Suppliers Management 40

Zycus Cognitive Procurement

JULY 29, 2021

From the EU GPP criteria facilitating the inclusion of green requirements in public tender documents to the Environmentally Preferable Purchasing (EPP) Program helping U.S. federal agencies purchase greener products and services, the public sector has taken the lead on green procurement. AI-driven technology to spearhead change.

Sustainability 40

Sustainability Procurement Agile and Lean Supply Chain Risk 40