Procurement Tactics

JUNE 28, 2023

Budget and Cost Control Procurement expenditures, monitoring variations in the cost and identifying opportunities for savings, and avoiding unnecessary costs shall be monitored in accordance with the approved budget. These include purchase management, expense filing, and workflow automation.

Supply Chain Efficiency 178

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

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

This results in better negotiation outcomes, improved quality, reduced costs, and enhanced overall value delivery. 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

Planergy

JANUARY 26, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. 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.

Risk 52

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

Zycus Cognitive Procurement

DECEMBER 16, 2022

The forum served as a platform for Chief Procurement Officers (CPOs) and other procurement and sourcing leaders to share their vision about leveraging data-driven insights to create flexible and resilient supply chains. Cost Reduction. Lack of budget. Developing supply chain resiliency.

supply chain budgeting 40

supply chain budgeting Chief Procurement Officer Procurement Supply Chain Efficiency 40

Empowering CPO

JULY 16, 2023

Managed procurement services can be defined as an external service that helps streamline a company’s acquisition processes, offering an end-to-end solution that takes into account all aspects of procurement – from sourcing to payment.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Empowering CPO

MAY 5, 2023

In essence, procurement serves as the backbone of an organization’s supply chain, contributing to cost savings, risk management, and supplier relationship management. As a result, effective procurement is crucial to maintaining a competitive edge and supporting overall business objectives.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Procurement Real-time Visibility 52

Empowering CPO

JULY 16, 2023

Managed procurement services can be defined as an external service that helps streamline a company’s acquisition processes, offering an end-to-end solution that takes into account all aspects of procurement – from sourcing to payment.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

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

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

Spend Matters

FEBRUARY 13, 2024

Neither oral nor text-based conversational AI (also known as conversational user experience [CUX] and conversational interfaces [CUI] the latter of which include chatbots) is by no means new, despite the relatively recent prolific uptake by procurement solution vendors. This helps the system to respond more accurately to queries.

Supply Chain Efficiency 84

Supply Chain Efficiency supply chain software solutions Procurement Supply Chain Optimization 84

Empowering CPO

JULY 17, 2023

Introduction Brief Explanation of the Role of Procurement in Businesses Procurement is the lifeblood of any business, large or small. It’s the complex process through which businesses source and acquire the goods and services they need to operate and grow.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Supply Chain Optimization 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

MARCH 11, 2024

They have learnt that their supplies care about: shared values forward visibility data security prompt payment (which surprisingly didn’t come first) team building across multiple organizations “It’s important to remember,” she said, “that it’s a whole ecosystem of communications and that every touch point between organizations is a vulnerability.”

Procurement strategies 94

Procurement strategies Innovation Strategy Procurement 94

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. Companies often struggle to identify cost-saving opportunities, leading to unnecessary expenditure.

Management 52

Management Procurement Vendor relationships Supply Chain Efficiency 52

Planergy

JANUARY 19, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Additionally, since it requires minimal effort and resources compared to other cost analysis methods, it has become a popular choice among many businesses looking for ways to optimize their budgeting process.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

ivalua

MARCH 1, 2021

Thuy Mauge is a Supply Services Manager for the Los Angeles Department of Water and Power (LADWP), the largest municipal utility in the United States, overseeing various procurement programs for Supply Chain Services (SCS) division. The post 2021 – AMER – Thuy Mauge appeared first on Ivalua.

Supply Chain Efficiency 26

Supply Chain Efficiency supply chain budgeting Procurement solutions Contract 26

Procurement Software

MARCH 11, 2022

In this post, we’re going to look at two areas where Procurement teams typically spend a lot of effort, but often struggle to get recognition: Cost avoidance (including price increase deferrals). Driving value through strategic sourcing and supplier collaboration. Procurement as a growth partner to the business.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Procurement Software

MARCH 11, 2022

In this post, we’re going to look at two areas where Procurement teams typically spend a lot of effort, but often struggle to get recognition: Cost avoidance (including price increase deferrals). Driving value through strategic sourcing and supplier collaboration. Procurement as a growth partner to the business.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Empowering CPO

JULY 2, 2023

Traditionally, procurement was seen as a tactical, back-office process, primarily focused on buying goods and services at the lowest possible cost. However, with time, the function evolved, incorporating strategic elements such as supplier relationship management, risk management, and sustainable sourcing.

Management 52

Management Procurement Strategic sourcing Strategic sourcing 52

Empowering CPO

JUNE 30, 2023

Introduction In an era where businesses are increasingly seeking efficiency, cost-effectiveness, and agility, the role of procurement has become more critical than ever before. This is where the concept of managed procurement services comes into play. The role of procurement services in businesses is multifaceted.

Management 40

Management Procurement Supply Chain Efficiency Supplier relationship management 40

Empowering CPO

JULY 3, 2023

The Need for Innovation in Procurement The procurement sector, like most business areas, has been undergoing a significant transformation in recent years. As globalization accelerates and supply chains become increasingly complex, procurement’s role has expanded from a mere transactional function to a strategic one.

Innovation 52

Innovation Strategy Procurement Management 52

Procurement Software

APRIL 25, 2023

Other functions like HR or Finance have had their time in the limelight, but investment in procurement has traditionally been lacking. Until a few years ago, this lack of investment was reflected in the choice of digital procurement solutions available. But these suites often failed to match the needs of a modern business.

supply chain software solutions 52

supply chain software solutions Procurement Real-time Visibility supply chain budgeting 52

Una

JUNE 22, 2023

By managing the procurement process effectively, you can optimize your supply chain, reduce costs, and maintain strong relationships with your suppliers. Far too often, however, procurement departments are overworked and understaffed.

Procurement 52

Procurement Purchasing Procurement strategies Procurement team 52

Supply Chain Game Changer

MARCH 6, 2019

Subscribe to Supply Chain Game Changer. 7 KPIs Your Procurement Team May Be Ignoring! Organizations are ‘going carbon neutral by 2025’, and ‘implementing Artificially Intelligent business systems’ and ‘sourcing form solely environmentally friendly suppliers’. Responsible Sourcing. Subscribe Here! Email Address.

Procurement 50

Procurement Procurement team Supply Chain Efficiency Innovation 50

Planergy

OCTOBER 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Sourcing Supply Chain Management. RFIs can also help buyers identify potential suppliers and compare them against each other, which is crucial for strategic sourcing. Download Free Copy.

Buyers 52

Buyers Supply Chain Efficiency Suppliers Price 52

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

Planergy

AUGUST 8, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It’s often tedious for many companies, as procurement involves identifying the right supplier and ensuring that goods and services meet organizational needs. How to gain visibility and control of your indirect spend.

Sourcing 52

Sourcing Suppliers Procurement Bidding 52

Barkers Procurement

MARCH 6, 2024

Challenge Solution Results Social Value Challenge The challenge was to take the maturity assessment and develop a target operating model which embraced and mapped into the regional operating model, whilst still reducing cost and risk throughout the supply chain. Non-core procurement benchmarked at ‘Emergent’.

Procurement 52

Procurement supply chain budgeting Agile and Lean Supply Chain Supply Chain Efficiency 52

Pipefy

NOVEMBER 24, 2023

According to Amazon’s 2024 State of Procurement report, 95% of decision makers believe that procurement has room for optimization. This guide explores the ability of these solutions to improve business efficiency and reduce operational costs, surveys the many types of tools on the market, their benefits, and essential features.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency e2e 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. On-premise options have high upfront and maintenance costs compared to cloud solutions that use pay-as-you-go subscriptions without any investment.

Procurement 52

Procurement supply chain software solutions Purchase orders Procurement solutions 52

Procurement Software

MARCH 5, 2024

Raindrop Raindrop is one of a number of US procurement startups offering enterprise-level spend management platforms. At its heart is a source-to-pay suite offering a range of functionality, with a complete suite of cloud-based modules. FRDM FRDM is a software company specialising in supply chain risk management.

Real-time Visibility 52

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

Procurement Software

JUNE 13, 2023

Ask yourself when reading other similar articles whether this is also true of them… 11 of the best eSourcing software for the Mid-Market In putting this together, we deliberately tried to stay away from digital procurement tools in the eSourcing space which are focusing on specific verticals such as manufacturing companies or services spend.

supply chain software solutions 52

supply chain software solutions Contract management Contract Sourcing 52

Planergy

NOVEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Best Practices & Tips Strategic Sourcing Supplier Relationship Management. It can work for basic things like office supplies you don’t often need. Download Free Copy. Written by. Lyle Del Vecchio.

Supplier consolidation 52

Supplier consolidation Risk Suppliers supply chain budgeting 52

Una

OCTOBER 17, 2023

EPISODE 137 Using Visibility to Combat Supply Chain Abstraction with Frank Kenney By Kelly Barner | October 18, 2023 In the race to build global empires of data and digital systems, today’s businesses must not risk forgetting what all of those zeroes and ones mean.

supply chain budgeting 81

supply chain budgeting Real-time Visibility Supply Chain Efficiency Supply chain 81

Spend Matters

JUNE 19, 2023

What does a Spend Analytics solution do? Spend Analytics solutions provide a single view into all historic, current and planned supplier spending in order to improve that spending through better sourcing, compliance and demand management. Click to enlarge Exploring the actual market state of the top 5 capabilities 1.

Real-time Visibility 78

Real-time Visibility Data e2e Quality 78

Procurement Software

MARCH 11, 2022

They are, of course, a very well-known name to anyone in the procurement space. Founded by Jason Busch in 2004, they were the first of the major procurement and supply chain blogs. Their focus on procurement software solutions began in earnest in 2014, when they first published the 50 To Know and 50 To Watch lists.

supply chain software solutions 52

supply chain software solutions Agile and Lean Supply Chain Procurement Supply Chain Efficiency 52

Procurement Software

MARCH 11, 2022

They are, of course, a very well-known name to anyone in the procurement space. Founded by Jason Busch in 2004, they were the first of the major procurement and supply chain blogs. Their focus on procurement software solutions began in earnest in 2014, when they first published the 50 To Know and 50 To Watch lists.

supply chain software solutions 52

supply chain software solutions Agile and Lean Supply Chain Procurement Supply Chain Efficiency 52