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.

Procurement 201

Procurement Collaboration Procurement strategies supply chain software solutions 201

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. What is Procurement Tracking? Procurement Tracking is the process of monitoring and managing procurement activities. The key elements are typically: 1.

Supply Chain Efficiency 178

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

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 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 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. E-Procurement. What is e-procurement?

Procurement 147

Procurement Procurement solutions Competitive bidding Bidding 147

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.

Real-time Visibility 52

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

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

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

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.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency e2e 52

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.

Risk 52

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

Procurement Insights

DECEMBER 8, 2023

2006) As complexity dissipates into a picture of clarity and renewed understanding, the lens through which the processes define the organizational supply chain practice provides the necessary insight to effect positive results. Are You In The Software Business?

supply chain software solutions 71

supply chain software solutions Supply Chain Efficiency Collaboration Supply chain 71

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.

Procurement 52

Procurement Supply Chain Efficiency supply chain software solutions Raw materials 52

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.

supply chain budgeting 52

supply chain budgeting supply chain software solutions Procurement Budget 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

Spend Matters

APRIL 4, 2024

In this quarter, the Spend Matters analyst team builds on this foundation by giving an overview of how vendors have implemented GenAI in their solutions. Not all implementations are the same, however.

Procurement 83

Procurement Risk management Raw materials supply chain software solutions 83

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.

supply chain software solutions 52

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

Arkestro

OCTOBER 16, 2022

“Arkestro (formerly Bid Ops) started as a predictive sourcing software built for procurement teams who want technology that learns what works and what doesn’t from every sourcing process,” Bertrand Maltaverne, Sr. What Is Spend Matters’ 50 Procurement Providers to Watch?

Procurement 52

Procurement supply chain software solutions Bidding Sourcing 52

SCMDOJO

JULY 3, 2023

This blog intends to assist you through the labyrinth of procurement training by pointing out the most reliable courses that fit your objectives and aspirations and hence act as your compass in the realm of procurement training, whether you’re hoping to break into the sector, looking to up skill, or yearning for promotion chances.

Cost of ownership 78

Cost of ownership Procurement Category management supply chain software solutions 78

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. As supply chain networks become more complex, and risks grow larger, the visibility of supply chain activities becomes all the more distant. around the globe?—?and

Supply Chain Efficiency 53

Supply Chain Efficiency supply chain software solutions Procurement Procurement team 53

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.” Are You in The Software Business? ” Part 2 – A Tale of Two Industry Titans will be published later in the week. coupa #zycus).

supply chain software solutions 40

supply chain software solutions Procurement Supply Chain Efficiency Supply chain 40

Arkestro

JUNE 6, 2022

Spend Matters has previously lauded Arkestro as being a “Provider to Watch,” a “Provider to Know,” and a “Future 5” solution. Spend Matters’ SolutionMap is widely regarded as the most rigorous, data-focused functionality assessment of procurement solutions. Not made baseless assumptions about how the software operated.

supply chain software solutions 52

supply chain software solutions Supplier negotiation Bidding Procurement 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

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

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.’

Procurement 78

Procurement Price Buyers supply chain budgeting 78

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

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.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

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

Procurement Software

MAY 9, 2023

The Sourcing Hero The Sourcing Hero is a collaboration between outsourced group purchasing organisation Una and Art of Procurement. It’s a podcast largely focused on sourcing, but touching on all areas of procurement. This procurement podcast from B2e Media Ltd covers topics on technology, supply chain and procurement.

Procurement 52

Procurement supply chain software solutions Supply chain Sourcing 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

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

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

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. Use PLANERGY to manage purchasing and accounts payable.

Buyers 52

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…. Enabling Users to Access a Fully Managed Purchasing Service. Future of Endless Solutions.

Real-time Visibility 32

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

Empowering CPO

JULY 2, 2023

How Procurement Fits into a Business’s Operations In the broader context of business operations, procurement is the crucial link between an organization’s internal needs and the external supply market. Moreover, procurement is often directly involved in achieving strategic business goals.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

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.

Supplier consolidation 52

Supplier consolidation Risk Suppliers supply chain budgeting 52

Planergy

AUGUST 8, 2023

Because of this, RFQs are most commonly used when purchasing standard products or raw materials that don’t need customization. Effective procurement management lies in knowing which procurement method to use and when. Spend analytics can be used to better inform procurement decisions and enable better strategic sourcing.

Sourcing 52

Sourcing Suppliers Procurement Bidding 52