World of Procurement blog

MAY 8, 2024

Procurement differs from purchasing in a few key ways: Strategic focus : Procurement has a strategic, long-term focus on analyzing spend, reducing costs, managing supplier relationships, and mitigating risk. Purchasing is more transactional and tactical. Purchasing focuses specifically on the buying transaction.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

SupplyShift

DECEMBER 6, 2021

In the wake of supply chain disruptions and global shortages, businesses are quickly recognizing the need for greater visibility over their supply network, from documenting the origin of material components to tracking shipments. Supply chain mapping has plenty of more far-reaching benefits, too.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain e2e 52

SupplyShift

DECEMBER 6, 2021

In the wake of supply chain disruptions and global shortages, businesses are quickly recognizing the need for greater visibility over their supply network, from documenting the origin of material components to tracking shipments. Supply chain mapping has plenty of more far-reaching benefits, too.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain e2e 52

Una

AUGUST 2, 2022

You may have had a hint of its size from the dozens of ads that pop up as you browse the internet, or the number of technology vendors clamoring for your attention at procurement conferences. According to Verified Market Research , the global procurement software market will grow from $5.5 billion (2020) to a projected $9.5

Procurement 98

Procurement Supply Chain Efficiency Real-time Visibility supply chain budgeting 98

Pipefy

JANUARY 9, 2023

Supply chain risks heightened by geopolitical conflict. These are just some of the many challenges procurement teams have had to face since the pandemic and throughout 2022. 5 procurement trends for 2023. Among global workers, stress has (once again) reached an all-time high. Uncertain global markets.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Procurement Procurement team Supply Chain Efficiency 59

Pipefy

MAY 23, 2023

In its long history , procurement has evolved from self-contained purchasing entities to an essential business partner handling processes involving several departments and many subprocesses. Because of this, carrying out its operations manually is time-consuming and incredibly expensive for businesses.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

Pipefy

JANUARY 11, 2023

In order to prepare for the next great disruption, a total overhaul of processes through procurement transformation is required to unlock a business that will not only survive but thrive as well. What is procurement transformation? What is a procurement transformation roadmap? What is a procurement transformation strategy?

Strategy 52

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

Planergy

JANUARY 26, 2023

How to gain visibility and control of your 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. How to report and analyze indirect spend to identify savings opportunities.

Risk 52

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

Arkestro

MAY 16, 2022

Purchased 35,000 different raw materials. Made purchases from over 6,500 suppliers located across the world. Implemented a program to focus on renewable and recycled raw materials resulting in the 2021 purchase of 1.3 Enforced supply chain due diligence when importing critical mineral raw materials from countries under conflict.

Raw materials 52

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

Planergy

JULY 5, 2022

How to gain visibility and control of your indirect spend. ESG In Supply Chain: Creating a Sustainable Value Chain. ESG In Supply Chain: Creating a Sustainable Value Chain We all know just how valuable the supply chain is. That’s where procurement’s role becomes so crucial.

Sustainability 52

Sustainability Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 52

Arkestro

MARCH 27, 2024

After years of focusing on cost reduction, the majority of procurement leaders say they plan to spend more and increase workloads in 2024, meaning procurement buyers will have more power to influence change and optimize spend across the entire supply chain. But what does a procurement buyer do, exactly?

Buyers 52

Buyers Supply Chain Efficiency supply chain budgeting Procurement 52

Procurement Software

MARCH 11, 2022

Instead of looking at direct materials and purchased parts, the hidden opportunity is often found in effective tail spend management. But Procurement plays a vitally important role to plug the holes in the bucket, stopping the leakages from all of that new revenue that our Sales colleagues are generating. 2) Uncontrolled purchases.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

Instead of looking at direct materials and purchased parts, the hidden opportunity is often found in effective tail spend management. But Procurement plays a vitally important role to plug the holes in the bucket, stopping the leakages from all of that new revenue that our Sales colleagues are generating. 2) Uncontrolled purchases.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Planergy

MARCH 2, 2023

How to gain visibility and control of your indirect spend. Tail spend analysis helps companies identify areas of spend that are falling through the cracks and gain visibility into their overall spending. Defining Tail Spend Tail spend is a term used to describe the small, often overlooked purchases made by an organization.

supply chain budgeting 52

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

Empowering CPO

JUNE 27, 2023

Spend analysis involves the systematic examination of purchasing data to gain insights into spending patterns, supplier performance, and potential areas of improvement. Traditional approaches to spend analysis relied heavily on manual processes and limited data visibility.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Data 40

Planergy

JANUARY 19, 2024

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. How to gain visibility and control of your indirect spend. Taking your time throughout the process ensures you get the best possible match. What's Planergy?

Vendor management 52

Vendor management Suppliers Quality Supply Chain Efficiency 52

Empowering CPO

JUNE 16, 2023

This comprehensive visibility into an organization’s spend data is the cornerstone of strategic sourcing and purchasing decisions. Importance of Spend Analysis in Procurement In the context of procurement, spend analysis is an invaluable tool. Data Cleansing: Not all collected data is ready for analysis.

Import 52

Import Procurement Supply Chain Efficiency Real-time Visibility 52

Arkestro

AUGUST 15, 2022

ESG offers guidelines for the development of sustainable supply chain management strategies from the ground up. They can also manifest across the supply chain. For instance, it is not unusual for primary suppliers to apportion large orders to subcontractors or purchasing agents. Take the First Step.

Strategy 52

Strategy Real-time Visibility Supply Chain Efficiency Suppliers 52

Una

JULY 6, 2022

Benefits of a Group Purchasing Organization. A guide to exploring the benefits of working with a group purchasing organization to save money, time and effort. A group purchasing organization leverages the collective purchasing power of thousands of businesses to secure lower prices for their members. Cost Savings.

Purchasing 92

Purchasing Category management Real-time Visibility Supply Chain Efficiency 92

Procurement Software

MARCH 11, 2022

Why is spend analytics software so important? And yet, especially in many manufacturing industries, goods and services purchased from external suppliers can account for 60% of a company’s revenue. Some of the advantages that procurement analytics software can provide. Who will be the main users of the software?

supply chain software solutions 52

supply chain software solutions Real-time Visibility Data Category management 52

Procurement Software

MARCH 11, 2022

Why is spend analytics software so important? And yet, especially in many manufacturing industries, goods and services purchased from external suppliers can account for 60% of a company’s revenue. Some of the advantages that procurement analytics software can provide. Who will be the main users of the software?

supply chain software solutions 52

supply chain software solutions Real-time Visibility Data Category management 52

Supply Chain Game Changer

JULY 3, 2019

Subscribe to Supply Chain Game Changer. The Green Supply Chain: True Sustainability or Just One Big Marketing Stunt? But, as stakeholders in the future of tomorrow, we also have to be conscious about the necessary steps to realize sustainable impact, for real. Subscribe Here! Email Address. Sustainability.

Sustainability 58

Sustainability Sourcing Supply Chain Efficiency Real-time Visibility 58

Una

APRIL 9, 2024

How to (Actually) Transform Your Business with Group Purchasing Learn how to transform your business with group purchasing and add an average of 18-22% savings per category to your bottom line. It might not seem like much but at the time, that meant more wiggle room in our household budget as a young family.

Purchasing 52

Purchasing supply chain budgeting Real-time Visibility Supply Chain Optimization 52

Pipefy

JANUARY 30, 2024

Improvements to existing procurement processes, procedures, and operations are as time-sensitive as ever. In the 2024 State of Procurement Data Report by Amazon Business, 95% of decision-makers surveyed acknowledge that there’s room for procurement optimization.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Real-time Visibility Supply Chain Efficiency 52

ivalua

MARCH 9, 2023

Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. ​ Upstream covers all the strategic procurement activities such as spend analysis, sourcing, contract management and supplier management (which includes supplier information, risk and performance management).

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

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

Procurement Templates

JUNE 18, 2023

ChatGPT Inflation refers to the general increase in prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. Inflation occurs when there is an imbalance between the supply and demand of money and goods. What is inflation?

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Pipefy

MAY 9, 2023

Build a more efficient and connected procure-to-pay process with The Definitive Guide to P2P Optimization Importance of procurement KPIs Procurement has evolved over the years from transactional functions (now associated with purchasing) to encompass strategic activities focused on maximizing and creating value for a business.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

Procurement Software

FEBRUARY 20, 2024

European procurement software startups are growing fast, and we’re constantly seeing new ones landing onto the scene. Lots of European procurement tech startups are still in early or growth phase. Apadua Apadua is a professional services sourcing software, based in Cologne, Germany.

Supply Chain Efficiency 59

Supply Chain Efficiency supply chain software solutions Procurement Real-time Visibility 59

Procurement Software

FEBRUARY 6, 2024

Would you like to search the whole range of procurement tech companies out there, beyond just these 10 Nordic procurement startups? Then check our our free software directory. Key Data: Founder / CEO: Mark Zeise Date Founded: 2016 Visit Trackado profile in our Software Finder 2.

Procurement 52

Procurement supply chain software solutions Supply Chain Efficiency Negotiation 52

Planergy

JANUARY 18, 2024

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. How to gain visibility and control of your indirect spend. What's Planergy? How to report and analyze indirect spend to identify savings opportunities.

Management 52

Management Procurement Supplier relationship management Real-time Visibility 52

Pipefy

JUNE 15, 2023

This is especially true for leaders and teams wanting to become much more agile and resilient in light of the challenges created following recent supply chain disruptions. 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

Empowering CPO

MAY 4, 2023

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. Greater transparency: Real-time tracking of procurement activities allows for better monitoring and control of the entire process.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 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

Empowering CPO

MAY 6, 2023

The Evolving Role of Procurement in Businesses In today’s rapidly changing business landscape, procurement has emerged as a strategic function that goes beyond merely purchasing goods and services. This enables procurement teams to focus on strategic activities that contribute to the company’s growth and success.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Procurement team Supply Chain Optimization 52

Pipefy

FEBRUARY 3, 2023

Invoices provide procurement teams the ability to leverage information from past purchases to better inform future purchases. However, with a P2P solution that automates invoice processing, invoice processing activities can be streamlined and even improved for higher processing accuracy and faster payment cycles.

e2e 59

e2e Management Purchase orders Real-time Visibility 59

Empowering CPO

JUNE 27, 2023

Real-world success stories and case studies illustrating the significant impact of spend analysis on achieving tangible cost savings and procurement optimization. Industry trends, emerging technologies, and best practices in spend analysis, ensuring procurement professionals stay up-to-date with the latest advancements.

Procurement 52

Procurement Supply Chain Optimization Real-time Visibility Procurement strategies 52