Future Purchasing

JANUARY 11, 2022

2021 saw a massive amount of challenge for procurement teams; supply chain management challenges, political changes, trade barriers, COVID related staff shortages in all areas, blocked ports and working from home have thrown it all up into the air.

Supply chain management 52

Supply chain management Supply chain management Agile and Lean Supply Chain supply chain software solutions 52

ivalua

MAY 31, 2022

A company’s supply chain is a key source of competitive advantage and Supply Chain Management (SCM) is designed to allow a company to monitor its suppliers and utilize the available resources to improve performance. But most sourcing and procurement teams need to pivot and modify the way they handle SCM decisions.

Suppliers 246

Suppliers Supplier relationship management supply chain software solutions Agile and Lean Supply Chain 246

Supply Chain Game Changer

JANUARY 30, 2019

Procurement bridges the gap between product, internal stakeholders and customers. In order to support the weight of internal and external expectations, Procurement teams must be prepared to perform as a key value adder within an organization. Article, and permission to publish here, provided by Sam Jenks at [link].

Procurement team 56

Procurement team Procurement Sustainability Suppliers 56

Supply Chain Game Changer

JANUARY 5, 2021

Subscribe to Supply Chain Game Changer. Featuring Our 12 Best Procurement Articles! Purchase Price Variance, or PPV, is a common term in the realm of Purchasing/Procurement and Finance. What exactly is PPV, how can it be managed, and what is the strategic value of investing time and energy in this metric?

Price 82

Price Purchasing Supply Chain Optimization supply chain budgeting 82

Una

NOVEMBER 1, 2022

These “back-office” workers were seen primarily as clerical support, entering and tracking purchase orders and researching suppliers. And, like Milton, management assumed procurement people were happily left alone in dank office spaces, content having their red staplers by their side. Business goal & strategy alignment.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

Arkestro

FEBRUARY 20, 2024

Resources / Blog / From Reactive to Proactive: How Predictive Procurement Reshapes the Industry From Reactive to Proactive: How Predictive Procurement Reshapes the Industry The procurement workload is expected to increase by 10.6% How does Predictive Procurement Orchestration Work? The result?

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Procurement Supply Chain Efficiency 52

ivalua

MARCH 30, 2022

A company’s supply chain is a key source of competitive advantage and Supply Chain Management (SCM) is designed to allow a company to monitor its suppliers and utilize the available resources to improve performance. But most sourcing and procurement teams need to pivot and modify the way they handle SCM decisions.

Suppliers 130

Suppliers Supplier relationship management supply chain software solutions Supply Chain Efficiency 130

Supply Chain Game Changer

NOVEMBER 26, 2018

We completed extensive research, watched a lot of how-to clips, purchased some best practices resources, discussed/strategized amongst ourselves at length, developed ground rules, consolidated a plan, and continuously reviewed our methods and performance throughout Charlie’s first 15 months of training. We were well prepared.

Procurement team 43

Procurement team Supplier relationship management Procurement Suppliers 43

Una

SEPTEMBER 6, 2022

Lean procurement teams pick their goals and targets with care when building their lean procurement strategies , focusing on achievable and high-impact activities such as tackling tail spend. . Tips for leveraging lean procurement. For many organizations, “lean” simply means reducing the costs involved in procurement.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain supply chain budgeting Procurement Procurement strategies 98

World of Procurement blog

APRIL 23, 2024

Procurement analytics is the process of collecting, processing, and analyzing data related to an organization's purchasing activities to improve efficiency, reduce costs, and provide valuable insights into supply chain operations. This can be broken down by suppliers, departments, or individual goods and services.

Procurement 52

Procurement Supply Chain Optimization supply chain budgeting supply chain software solutions 52

World of Procurement blog

APRIL 23, 2024

Procurement analytics is the process of collecting, processing, and analyzing data related to an organization's purchasing activities to improve efficiency, reduce costs, and provide valuable insights into supply chain operations. This can be broken down by suppliers, departments, or individual goods and services.

Procurement 52

Procurement Supply Chain Optimization supply chain budgeting supply chain software solutions 52

NLPA (Next Level Purchasing Association)

FEBRUARY 29, 2024

In today’s dynamic business landscape, category management in procurement has become an essential weapon for procurement teams seeking to optimize spend, strengthen supplier relationships, and drive growth. This is where category management in procurement emerges as a game-changer.

Category management 52

Category management Management Procurement Supplier relationship management 52

Procurement Tactics

JULY 20, 2023

Defining Supplier Order Management Before diving into the software itself, let’s first understand what is Supplier Order Management. Supplier order management refers to the activities involved in placing and tracking orders with suppliers. This automation saves time and effort, making the procurement process more efficient.

supply chain software solutions 134

supply chain software solutions Suppliers Management Real-time Visibility 134

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

IBM Supply Chain Blog

FEBRUARY 28, 2024

They consider factors—like supplier performance or sustainability —that support long-term partnerships, advance business needs and increase purchasing power. Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits.

Sourcing 99

Sourcing Strategy Supply Chain Efficiency e2e 99

ivalua

AUGUST 17, 2021

An organization’s Procurement function is responsible for managing spend, in other words the buying goods and services that are used to make the products sold to customers as well as the purchasing of products and services used to run the organization on a day to day basis.

Procurement 130

Procurement Procurement team Sourcing Supplier relationship management 130

World of Procurement blog

JULY 27, 2021

The definition of Procurement is “the process or act of procuring”. You were probably expecting us to state it is “to buy or purchase a service or an object”. Whilst Procurement can often be carried out via a purchase, it is more than just purchasing. Procurement is a vital part of Supply Chain Management.

Procurement 52

Procurement Procurement team supply chain budgeting Contract management 52

SCMDOJO

FEBRUARY 13, 2023

The procurement department is an integral part of any organization, playing a crucial role in the purchasing process. This department manages the selection, acquisition, and payment of goods and services needed to run a business.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

Una

NOVEMBER 29, 2023

But with a group purchasing organization working behind the scenes to save you money, time, and effort, there’s a golden opportunity to put your valuable time to better use. Below, we suggest 11 things you could be doing while your GPO takes care of time-consuming procurement tasks.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supplier relationship management Strategic sourcing 52

Pipefy

JANUARY 5, 2023

Companies that still rely on manual procurement processes are at a competitive disadvantage. That’s because manual procurement processes tend to be inefficient, fragmented, and error-prone. Fortunately for procurement teams, the shift from manual to digital procurement has never been easier or more cost-effective.

Procurement 52

Procurement Procurement team supply chain software solutions e2e 52

Una

OCTOBER 17, 2023

By Mackenzie Oakley | January 5, 2023 Search Search While cost savings is likely at the forefront of any procurement initiative, the profession continues to evolve with more focus than ever being placed on risk reduction, sustainability, strengthening supplier relationships, compliance and business continuity.

supply chain budgeting 81

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

Pipefy

DECEMBER 20, 2023

For strategic procurement to be achieved, procurement teams will typically harness various techniques, tools, and technologies in order to collect and analyze their procurement data. With the analysis of supplier performance data, purchase managers can make decisions that benefit the company faster and more accurately.

Supply Chain Efficiency 52

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

Una

NOVEMBER 14, 2022

As many companies struggled over the past three years, the pandemic became an enormous opportunity for global giant Amazon and other companies to capture a much larger share of low-value repeatable purchasing. If not, it would be virtually impossible for a procurement organization to get up off the mat after being punched by said gorilla.

Procurement 98

Procurement Agile and Lean Supply Chain Supply Chain Efficiency Procurement team 98

Una

JULY 25, 2023

The first three KPIs we suggest every procurement team should monitor are: Defect rates Lead time Contract compliance Can you guess what the other four KPIs will be? Every free resource is dedicated to empowering procurement to save more money, time, and effort. Do you really need to complete every step for every purchase?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Procurement Category management 52

Una

AUGUST 2, 2022

Ivalua/Hackett’s 2022 Procurement Insights and Key Issues report found that laggards are being held back by concerns including fear of failure, access to suppliers, legacy system costs, and teams lacking the skills to leverage digital transformation. Take B2B services purchasing as an example. IoT proliferation. Related Posts.

Procurement 98

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

Arkestro

DECEMBER 12, 2023

Resources / Blog / Unwrapping Holiday Shopping Insights: Trends, Tactics, and Tips for Procurement in 2023 Unwrapping Holiday Shopping Insights: Trends, Tactics, and Tips for Procurement in 2023 The holidays are here, meaning people all around the globe are attending festive parties, baking tasty treats, and — of course — shopping for gifts.

Procurement 52

Procurement Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain 52

Procurement Heads

FEBRUARY 7, 2023

At work, I am Head of Procurement at British American Tobacco and in charge of the procurement teams in the west side of the world (North and South America, Africa and most of Europe). I enjoyed thoroughly my roles as a Factory Manager and Supply Chain Manager and I am happy to bring these experiences now back to procurement.

Supply Chain Efficiency 130

Supply Chain Efficiency Raw materials Category management Sustainability 130

Pipefy

JANUARY 30, 2024

To solve the challenges of a manual procure-to-pay process, P2P teams will see higher adoption of analytic solutions and procure-to-pay technology for process improvement, better use of employee time, savings, and operational efficiency. That means less errors, rework, or duplicated efforts.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Supply Chain Efficiency Supply Chain Optimization 52

Una

JULY 3, 2023

They provide guidance on optimizing the sourcing process, enhancing supplier relationships, and leveraging procurement as a strategic function that adds value to the business. This shouldn’t be surprising, as procurement professionals often find themselves dealing directly with a suppliers’ CEO.

Leadership 52

Leadership Procurement Ethics Supply Chain Optimization 52

Arkestro

NOVEMBER 14, 2023

Getting a Thanksgiving dinner from farm to table is an intricately complex affair for food and beverage procurement teams, with supply chain shortages, inflation, and rising food costs affecting consumer decisions all playing a part. It could be that supply chains haven’t normalized since the COVID-19 pandemic.

supply chain budgeting 52

supply chain budgeting Food and Beverage Supply Chain Supply Chain Optimization Procurement 52

HICX

AUGUST 31, 2023

Information is centralized Information is centralized Increased productivity & accuracy Assists compliance Improved auditability Enhanced supplier risk management Vendor information governance What are the Key Pillars of Supplier Information Management?

Suppliers 52

Suppliers Management Supply Chain Efficiency supply chain software solutions 52

Supply Chain Game Changer

JUNE 25, 2019

Imagining the Supply Chain of the Future! Hey Procurement! Procurement is a critically important function in virtually every company. Without Procurement, or Purchasing, most organizations could not even function. In this article we promote the value of Procurement. What is Supply Chain Management?

Category management 51

Category management Supply chain Supply chain management Supply chain management 51

Spend Matters

MAY 22, 2024

But uptake, which has been mammoth in the consumer world, is not equalled in the business world, particularly by Procurement. Our interviewee suggests that: “The procurement industry itself is behind in terms of applications. Fundamentally, it remains conservative, concerned mostly with purchase orders, invoices and control.

Procurement 89

Procurement Data supply chain software solutions Contract 89

Supply Chain Game Changer

SEPTEMBER 28, 2022

It clearly manages supplier payment terms and conditions, defining Accounts Payable. Procurement negotiates and sets the conditions for purchase of all goods and services, which by extension impacts cash flow. Supply Chain manages the reverse logistics processes which involve cash reimbursement to customers.

Supply chain 118

Supply chain Supply Leadership Procurement team 118

SCMDOJO

SEPTEMBER 7, 2021

Nowadays, no one could deny that, businesses today expect procurement teams to drive value beyond cost savings. As a consequence, procurement leaders are constantly looking for ways in order to enhance their procurement process and make it more sustainable. And so, they track an array of metrics such as KPIs.

Procurement 144

Procurement Procurement team Sustainability Data 144

Procurement Heads

JANUARY 4, 2023

I wrote the organisation’s sustainable procurement strategy and we’ve made huge strides in how we source, contract and contract manage for environmental, social and governance improvement. And what are some of the main challenges that you and your team are currently facing? Join networks.

Supply Chain Efficiency 246

Supply Chain Efficiency Sustainability Agile and Lean Supply Chain Suppliers 246

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. Build better processes with the Definitive Guide to Workflow Management Download now. What is procurement transformation?

Strategy 52

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