World of Procurement blog

APRIL 23, 2024

Spend analysis enables informed decision-making and strategic sourcing. Cloud-Based Procurement Solutions Cloud technology has made procurement systems more accessible, scalable, and secure. They also facilitate quicker contract retrieval and revision.

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 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

CPO Rising

NOVEMBER 28, 2022

Simfoni Announces Xeeva Acquisition This morning, Simfoni, a digital procurement solution provider, announced that it had acquired Xeeva, a spend management and procurement technology provider. According to […].

Strategic sourcing 40

Strategic sourcing Strategic sourcing Spend management Procurement solutions 40

Spend Matters

SEPTEMBER 20, 2022

Categories: Analysis , P2P , Procurement Strategy & Planning , Spend Analysis , Strategic Sourcing Tags: PRO This Spend Matters PRO Vendor Analysis updates an analysis of Cirtuo, a strategy management solution. Rarely is it a module that helps define the proper approach to a category.

Strategy 70

Strategy Management Strategic sourcing Strategic sourcing 70

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

ivalua

SEPTEMBER 20, 2021

Redwood City, CA September 21 , 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions , today announced that Asian Paints successfully deployed Ivalua’s Contract Management and Supplier Information solutions to enhance their strategic sourcing processes. Learn more at www.ivalua.com. About Durvah.

Contract 130

Contract Collaboration Sourcing Contract management 130

Spend Matters

SEPTEMBER 14, 2023

This week we spoke with Baber Farooq, Senior Vice President and Head of Market Strategy for SAP Procurement Solutions. Over the last few years, life has been an adventure for procurement professionals. Strategic sourcing remains critical, especially given our inflationary environment.

Procurement 105

Procurement Supply Chain Efficiency Category management e2e 105

Bonfire

APRIL 3, 2023

Not to mention, ERPs can’t connect you with the vendor communities and networks that sometimes come with a dedicated procurement solution, which means that fewer qualified vendors see and bid on your agency’s solicitations in the first place.

Eprocurement 52

Eprocurement Bidding Strategic sourcing Strategic sourcing 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

Empowering CPO

JULY 17, 2023

Introduction to EmpoweringCPO and How Our Services Fit Into This Landscape EmpoweringCPO is at the forefront of this procurement revolution. We are a dedicated procurement services company that specializes in delivering tailor-made managed procurement solutions.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Supply Chain Optimization 52

Empowering CPO

JULY 2, 2023

Managed procurement services can cover a vast range of functions – from sourcing and supplier management to purchasing, invoicing, and payment processes. These trends are not just shaping the future of managed procurement services, they are actively driving tangible changes in businesses today.

Management 52

Management Procurement Strategic sourcing Strategic sourcing 52

Empowering CPO

JULY 2, 2023

However, in today’s complex and globalized economy, procurement goes far beyond simple buying. Modern procurement services encompass a wide range of activities such as strategic sourcing, category management, contract negotiation, risk management, and supplier relationship management.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Empowering CPO

JULY 17, 2023

EmpoweringCPO: Driving Procurement Excellence At the forefront of this procurement evolution stands EmpoweringCPO, a dedicated procurement services company committed to delivering bespoke managed procurement solutions.

Procurement 52

Procurement Supply Chain Optimization Supply Chain Efficiency Strategic sourcing 52

ivalua

APRIL 2, 2019

Supply chain efficiency and effective strategic sourcing in support of our operations and clients are critical to achieving our objective,” said Mike Curtis, Vice President and Chief Procurement Officer at Pacific Drilling. Consus has been rated amongst the top 10 Procurement service providers by APAC CIO Outlook Forum.

Sourcing 100

Sourcing Supply Chain Efficiency Chief Procurement Officer Supply Chain Optimization 100

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 85

Procurement Risk management Raw materials supply chain software solutions 85

Una

FEBRUARY 8, 2023

Implement an e-procurement system Implement an e-procurement system to automate the purchase process and reduce the time and cost of manual purchasing. Time equals money, which means the hours spent manually entering data into a spreadsheet is costing you more than you would spend on implementing an e-procurement solution.

Procurement 59

Procurement Negotiation Contract Strategic sourcing 59

Spend Matters

JANUARY 15, 2024

As public procurement teams look for ways to increase their supplier pool, many are being required to prioritize local, veteran- and minority-owned business proactively within the procurement function. Effective contract administration is the last outcome of the S2C focus in public procurement.

Procurement solutions 77

Procurement solutions Procurement Contract administration Contract 77

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

Empowering CPO

JUNE 30, 2023

But in today’s complex business environment, procurement services have evolved beyond these basic functions. They now encompass a wide range of activities including supplier selection and negotiation, contract management, risk assessment, spend analysis, and strategic sourcing, to name just a few.

Management 40

Management Procurement Supply Chain Efficiency Supplier relationship management 40

Empowering CPO

MAY 5, 2023

The Shift Towards Digital Procurement The advent of digital technologies has brought about significant changes in procurement practices. Organizations have started to adopt digital procurement solutions that streamline and automate many of the previously cumbersome manual processes.

Supply Chain Efficiency 52

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

Una

DECEMBER 6, 2022

We act as a true sourcing accelerator by working with you to discover value on two levels. First, we offer turn-key procurement solutions that empower you to achieve category quick wins that will prove the value of a GPO to your stakeholders. Una offers more than immediate, once-off savings.

Purchasing 98

Purchasing Procurement strategies Risk Suppliers 98

Procurement Tactics

JUNE 28, 2023

Furthermore, it enables businesses to implement strategic sourcing practices, strengthen their suppliers, and bargain volume of discounts through monitoring expenditure patterns and identification of cost drivers. These cost reductions are a great contributor to the improvement of an organization’s financial position.

Supply Chain Efficiency 178

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

Una

JUNE 15, 2023

10 Procurement Outsourcing Services Explore ten procurement outsourcing services available to help your sourcing function save more money, time, and effort. By Hugo Britt | June 15, 2023 Search Search The procurement office of Company A is a bustling place. Company B’s procurement team looks very different.

Procurement 52

Procurement Supplier relationship management Procurement team Contract 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. Additionally, they can identify cost-saving opportunities through spend analysis and strategic sourcing.

Management 52

Management Procurement Vendor relationships Supply Chain Efficiency 52

Supply Chain Game Changer

APRIL 15, 2020

Fact: A digital procurement roadmap is a cornerstone of any procurement organization’s digitalization journey. But, it doesn’t have to be the deciding factor, the end all to be all or the absolute first step in an evaluation of digital procurement solutions.

Procurement 90

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 90

ivalua

FEBRUARY 17, 2020

Established in 2006 and privately held, Consus is a global procurement solutions integrator and services provider.

Supply Chain Efficiency 20

Supply Chain Efficiency Strategic sourcing Strategic sourcing Collaboration 20

Empowering CPO

JULY 5, 2023

Our goal is to empower Chief Procurement Officers (CPOs) and their teams by providing a suite of comprehensive managed procurement services. We believe in the power of strategic sourcing and procurement to drive significant value across organizations.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Real-time Visibility 52

Spend Matters

JUNE 19, 2023

What does a Sourcing Optimization solution do? Sourcing optimization is a focused view of sourcing solutions that emphasizes the ability to perform scenario planning, deep cost modeling and strategic sourcing decision optimization on award scenarios for large complex sourcing events.

Sourcing 79

Sourcing Bidding Price Suppliers 79

Pipefy

DECEMBER 20, 2023

Strategic procurement leverages data to reduce risks across the entire procure-to-pay process and identify opportunities for long-term and continuous forecasting and optimizations. This also leads to more advantageous strategic sourcing.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Strategic planning 52

Spend Matters

MARCH 27, 2024

So while there are many things the machines can do, they can’t always be relied upon and be let alone, and certainly can’t drive organizational change or perform the nuances related to strategic sourcing just yet. And there is still misunderstanding over what some solution vendors call GenAI in procurement.

Procurement 83

Procurement Negotiation Supply Chain Efficiency Supply Chain Optimization 83

SCMDOJO

JULY 3, 2023

Choose between a broad overview of procurement and a focused course that focuses on certain topics like strategic sourcing, contract management, or supplier relationship management. Take into account things like your current skill level, desired improvement areas, and professional objectives.

Cost of ownership 78

Cost of ownership Procurement Category management supply chain software solutions 78

ivalua

SEPTEMBER 2, 2019

You need to get your house in order, and Procurement leaders can use the report as a stick to beat their own bosses and Boards with, to ensure that Procurement gets the resources it needs, at least to execute the more fundamental requirements outlined here. . The post EBA Guidelines – A Call to Action for Banking Sector Procurement?

Procurement 140

Procurement Contract Risk Suppliers 140

Planergy

OCTOBER 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. RFIs can also help buyers identify potential suppliers and compare them against each other, which is crucial for strategic sourcing. How to gain visibility and control of your indirect spend. Download Free Copy.

Buyers 52

Buyers Supply Chain Efficiency Suppliers Price 52

Empowering CPO

JULY 5, 2023

For instance, we helped a global manufacturing company streamline its procurement process, resulting in a 20% reduction in procurement costs. These success stories testify to our expertise and experience, and underline our commitment to delivering value for our clients.

Management 52

Management Procurement Real-time Visibility Ethics 52

Empowering CPO

JULY 2, 2023

At EmpoweringCPO, we believe in the power of smart procurement to drive business success. Our vision is to empower businesses through strategic, innovative, and efficient procurement solutions, tailored to meet the unique needs of each client.

Risk management 40

Risk management Risk Suppliers Management 40

The Procuretech Podcast

OCTOBER 19, 2021

This is an e-sourcing tool, looking at some of the more tactical areas of sourcing. Whereas most e-sourcing tools tend to focus on strategic sourcing for highly complex tenders, MySupply focuses on the more straightforward sourcing requirements. Schedule a call to discuss digital procurement solutions.

Procurement 40

Procurement Negotiation Sourcing Procurement team 40

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. There are several players out there.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52