Procurement Software

APRIL 23, 2024

Located in Amsterdam, Netherlands, the company leverages advanced AI technologies to enhance procurement processes, focusing on efficiency and data visibility. Their platform is particularly noted for its capabilities in spend data classification, risk and opportunity identification, and supplier data enrichment.

supply chain software solutions 52

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

Procurement Software

MARCH 26, 2024

These 5-minute insights are perfect to read on a coffee break if you’re keen to grow your knowledge of digital procurement tools. This first one features Nick Verkroost, CEO of UK-based supplier data and SRM platform Canopy. Your email inbox is probably your only real “database” of supplier information.

Procurement team 52

Procurement team supply chain software solutions Real-time Visibility Suppliers 52

ivalua

JUNE 29, 2022

With this in mind, our research found far too few European suppliers are being regularly assessed on sustainability practices, with less than a quarter (24%) seeing themselves routinely measured on carbon emissions. Measure suppliers on carbon emissions. Collaborate for a greener future.

Strategy 130

Strategy Supply Chain Efficiency Sustainability Real-time Visibility 130

Procurement Heads

OCTOBER 12, 2022

My role was to professionalise the team, work out where cost savings could be made and put a plan in place to deliver on that. The first thing I did was to strengthen the management of the procurement team. It’s therefore very easy for the team to see the value they are delivering to the company.

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Chief Procurement Officer Real-time Visibility Procurement team Procurement 246

Procurement Heads

FEBRUARY 8, 2023

One of the common themes I’m hearing from large organisations is that they are finding a lack of visibility looking ahead for energy spend. They want to centralise energy procurement and increase the use of on-site renewables, all while working towards their ESG and reducing reliance on the external grid.

Real-time Visibility 130

Real-time Visibility Price Negotiation Sourcing 130

Zycus Cognitive Procurement

OCTOBER 20, 2022

In simple words, cognitive procurement is the process of using disruptive technologies such as artificial intelligence (AI) to assist with procurement. Cognitive procurement enables business users to achieve organizational excellence by: Improving decision making. Increasing procurement efficiency.

Real-time Visibility 59

Real-time Visibility Procurement Procurement team Risk 59

Una

OCTOBER 17, 2023

Chatbots in Procurement: Now and the Future Explore how chatbots in procurement have begun to reshape the industry and the exciting possibilities that come along with this technology. You’ve probably interacted with several chatbots as an online customer, but have you ever used a procurement chatbot to make your job easier?

Procurement 52

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

ivalua

DECEMBER 3, 2021

With this in mind, our research found far too few European suppliers are being regularly assessed on sustainability practices, with less than a quarter (24%) seeing themselves routinely measured on carbon emissions. Measure suppliers on carbon emissions. Collaborate for a greener future.

Supply Chain Efficiency 130

Supply Chain Efficiency Sustainability Supply chain Real-time Visibility 130

SupplyShift

JUNE 24, 2021

Organizations big and small rely heavily on hundreds—if not thousands—of different suppliers around the globe. In this type of supply chain ecosystem, companies must understand sustainability performance of not only their tier-one suppliers, but also their second, third, and fourth tier suppliers and beyond. Where do you start?

Suppliers 52

Suppliers Real-time Visibility Supply Chain Efficiency Sustainability 52

SupplyShift

JUNE 24, 2021

Organizations big and small rely heavily on hundreds—if not thousands—of different suppliers around the globe. In this type of supply chain ecosystem, companies must understand sustainability performance of not only their tier-one suppliers, but also their second, third, and fourth tier suppliers and beyond. Where do you start?

Suppliers 52

Suppliers Real-time Visibility Supply Chain Efficiency Sustainability 52

Empowering CPO

MAY 5, 2023

It is responsible for managing the entire process of acquiring goods and services, from identifying suppliers to ensuring timely deliveries. In essence, procurement serves as the backbone of an organization’s supply chain, contributing to cost savings, risk management, and supplier relationship management.

Supply Chain Efficiency 52

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

IBM Supply Chain Blog

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Sourcing and procurement professionals operating with a strategic sourcing mindset assess a supplier’s quality, reputation and service.

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Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 86

Arkestro

DECEMBER 12, 2022

What Are the Biggest Procurement Challenges in Health and Pharma? Beyond procurement teams working within the constraints of profit and cost savings, lives are at stake. Here are some challenges in health and pharma procurement—and how to overcome them. Limited Supplier Network. Supply Chain Visibility.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

Spend Matters

SEPTEMBER 5, 2023

As the economy teeters between a so-called ‘soft landing’ and all-out recession, an emerging consensus across C-suites has taken shape: the time to cut costs is now. Once again, all eyes are on procurement. Using conversion funnels to turn skeptics into raving procurement enthusiasts “Can you give me feedback on this approach?

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Procurement Real-time Visibility Chief Procurement Officer Procurement team 92

ivalua

APRIL 27, 2023

The question is, how do you balance all three while maintaining continuous operations and generating revenue at the same time? Gaps and dysfunction in the supply chains and a lack of visibility are making it difficult to support Environment, Social, and Governance (ESG) initiatives. Those are three hot topics in the enterprise today.

Supply Chain Efficiency 130

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Sustainability 130

ivalua

APRIL 27, 2023

The question is, how do you balance all three while maintaining continuous operations and generating revenue at the same time? Gaps and dysfunction in the supply chains and a lack of visibility are making it difficult to support Environment, Social, and Governance (ESG) initiatives. Those are three hot topics in the enterprise today.

Sustainability 130

Sustainability Risk Supply Chain Efficiency Agile and Lean Supply Chain 130

Spend Matters

MARCH 11, 2024

For our readers who couldn’t/didn’t attend, here are our own reflections based on the time we had ( if we missed you, apologies, but do reach out to us here to get your procurement tech solution in front of our analysts ). Supplier Master Files have changed, he said.

Procurement strategies 94

Procurement strategies Innovation Strategy Procurement 94

Empowering CPO

JUNE 27, 2023

By analyzing and understanding how an organization spends its resources, businesses can identify cost-saving opportunities, enhance supplier relationships, and drive overall efficiency. 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

Arkestro

OCTOBER 29, 2023

Resources / Blog / 5 Chilling Challenges Facing Procurement Today 5 Chilling Challenges Facing Procurement Today From uncovering hidden supply chain specters to exorcizing bothersome data demons, procurement managers certainly have their hands full. More often than not, the raw data can be inaccurate or misleading.

Procurement 52

Procurement Procurement team Supplier relationship management Supply Chain Optimization 52

Empowering CPO

FEBRUARY 11, 2024

Consulting firms like ours leverage cutting-edge tools and analytics to gain deep insights into market trends, supplier performance, and cost structures. Procurement market intelligence is a key pillar of it, providing organizations with real-time information on supplier capabilities, emerging trends, and potential risks.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

Future Purchasing

OCTOBER 4, 2022

Too often Procurement works in isolation when deciding what category projects to work on. Procurement teams clearly appreciate why strategic alignment planning activity is such an important activity. Strategic alignment is best completed by senior members of the procurement team along with senior stakeholders.

Category management 52

Category management Collaboration Real-time Visibility Management 52

Arkestro

FEBRUARY 6, 2024

Let’s dive into several examples of how customers are having success and making their procurement processes more competitive in just 60 days. Supplier and Buyer Engagement In India, our team worked to train over 15 buyers. No spam, just relevant procurement news and tips. You can unsubscribe at any time.

Competitive bidding 52

Competitive bidding Procurement Real-time Visibility Supply Chain Efficiency 52

Skill Dynamics

OCTOBER 19, 2023

A generic approach to training is not the solution to the increasing range of challenges facing procurement teams. This means that skills enhancement across wider roles is required for procurement professionals, with a focus on role-specific learning. For instance – improved communication skills or legal contract knowledge.

Supply Chain Optimization 52

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

Spend Matters

JUNE 20, 2023

This content does not express the views or opinions of Spend Matters In our previous installment on Spend Matters, we discussed the rapid evolution of Supply Chain Risk Management happening within procurement organizations. And so it should.

Risk 75

Risk supply chain software solutions Risk management Real-time Visibility 75

Supply Chain Game Changer

JULY 14, 2021

Procurement and Sustainability are two disciplines and business functions that exist in a perfectly harmonious contradiction. Procurement is fundamentally centered around the act of acquisition and/or buying. in 2020, according to Procurement Leaders’ CPO Planning Guide 2021” (Procurement Leaders 2021). The Yin and Yang.

Sustainability 98

Sustainability Procurement supply chain budgeting Agile and Lean Supply Chain 98

Zycus Cognitive Procurement

JANUARY 16, 2023

You must have found yourself struggling with limited visibility into preferred or contracted suppliers, contract utilization status, budgeting issues, and multiple requirements for sourcing low dollar items or services. It is usually time consuming, require multiple approvals and follow ups. Best Supplier recommendations .

Sourcing 52

Sourcing Real-time Visibility Procurement Buyers 52

Arkestro

MAY 30, 2022

However, it makes the point that digital acceleration should be a key goal for procurement teams across a wide range of industries. Critical suppliers are deeply integrated with day-to-day operations, and it is the successful management of these suppliers that delivers a competitive advantage leading to greater business impact.

Agile and Lean Supply Chain 52

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

Procurement Software

APRIL 18, 2023

This ensures they get the best deal possible with their suppliers. These negotiations take place in real time, with all prospective suppliers at once. This saves buyers not only money, but hours of conversation time. This involves suppliers competing in sequential bidding.

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

Pipefy

JANUARY 9, 2023

These are just some of the many challenges procurement teams have had to face since the pandemic and throughout 2022. What all of these obstacles have made clear is that process resilience and long-term procurement strategies are essential for mitigating future risks. 5 procurement trends for 2023.

Agile and Lean Supply Chain 59

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

ivalua

MAY 6, 2021

“The Procurement function needs to move its focus from its traditional emphasis on cost to the things that really matter to customers,” he said. These include faster co-innovation with suppliers, working with sustainable and ethical suppliers and empowering employees — all of which will lead to increased business agility. .

supply chain software solutions 130

supply chain software solutions Procurement Agile and Lean Supply Chain Supply Chain Efficiency 130

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 strategy? A profound break in how procurement teams work.

Strategy 52

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

Arkestro

MAY 9, 2022

Ensure your company has a steady supply of what it needs to produce its end product on time and at the lowest possible price. Companies had customers across the world but also had to compete for suppliers with organizations in other countries. It’s no longer about what components cost and which suppliers are the cheapest.

Procurement 52

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

Arkestro

MARCH 27, 2024

Regardless of industry, procurement buyers fulfill their role by finding the best suppliers, negotiating contracts, and identifying the most cost-effective, timely procurement of goods. The best procurement buyers have a solid understanding of market trends, supplier performance, and ethical sourcing.

Buyers 52

Buyers Supply Chain Efficiency supply chain budgeting Procurement 52

Zycus Cognitive Procurement

DECEMBER 18, 2020

Introduction: Supplier risk mitigation has become very important, especially in these times. The two key themes to come out of 2020 from a procurement and supply chain standpoint have been supplier risk mitigation and cyber threat. With time, organizations did find ways to get their supply chains back up and running.

Risk 40

Risk Suppliers Real-time Visibility Supply chain 40

Arkestro

JUNE 6, 2023

On the other side, procurement is concerned with keeping company operations running smoothly and judicially making the most of budgets. Ultimately, both want the same goal — ensuring business outcomes are positive, timely, and on-budget. Purchases in Time and Budget: How many purchases are on budget and on time?

Supply Chain Efficiency 52

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

Arkestro

MAY 16, 2022

This result in an incredibly complex and fast-moving web of supplier relationships. And this is why predictive procurement is a must-have. How Complex is Procurement in Chemical Manufacturing? Made purchases from over 6,500 suppliers located across the world. Predictive Procurement Orchestration as a Competitive Strategy.

Raw materials 52

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