World of Procurement blog

MAY 8, 2024

The aim is to select the supplier that represents the best value and fit for the specific procurement need. Contract Negotiation After selecting the best supplier, the procurement team negotiates final contract terms like pricing, service levels, delivery timelines, warranties, and other legal and commercial conditions.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

ivalua

MAY 6, 2021

The past few years have been a boon for procurement, which has become increasingly strategic and critical to business. The pandemic has accelerated this trend, with the Procurement function front and center in the fight to ensure supply chain resilience and continuity, reduce costs and protect the bottom line.

supply chain software solutions 130

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

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. The pharma industry was required to ramp up the production and distribution of vaccines and medical supplies as quickly as possible. It’s also not specific to the pandemic. Take the Next Step.

Agile and Lean Supply Chain 52

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

HICX

MAY 12, 2023

Automate the simple As Sam explains, “We need to break our procurement teams free from the day-to-day tasks that burden them.” In his words, “If we don’t have visibility of it, we don’t know where to go at it.” Analytics, on the other hand, done correctly, can provide this visibility.

e2e 52

e2e Real-time Visibility Supply chain resilience Risk management 52

Empowering CPO

JUNE 27, 2023

Traditional approaches to spend analysis relied heavily on manual processes and limited data visibility. Data Integration and Visibility: Connecting disparate data sources, such as procurement systems, supplier databases, and financial records, to create a centralized and holistic view of procurement activities.

Real-time Visibility 40

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

Planergy

JANUARY 26, 2023

How to gain visibility and control of your indirect spend. What to Do About It Consult with your legal team if there’s any doubt about an action the company or a representative may take. The procurement team must always evaluate environmental risks created by contractors and suppliers.

Risk 52

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

Arkestro

JANUARY 9, 2024

Resources / Blog / 4 Key Trends Reshaping Manufacturing Procurement in 2024 4 Key Trends Reshaping Manufacturing Procurement in 2024 The dust is settling after the upheaval of the pandemic, yet the manufacturing industry remains forever changed. So what’s in store for 2024? Reduce complexity. Get customized recommendations.

supply chain budgeting 52

supply chain budgeting Supply chain resilience Procurement Supply Chain Optimization 52

Empowering CPO

JUNE 14, 2023

Definition and Purpose of Procurement Procurement is a multi-faceted function that goes beyond the simple acquisition of goods and services. Procurement is central to a business’s operations, with a purpose that encompasses cost-efficiency, quality control, risk management, and strategic sourcing.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Empowering CPO

MAY 8, 2023

Effective procurement risk management entails identifying, assessing, and mitigating these risks to ensure a resilient and efficient supply chain. Types of Procurement Risks Supply Risks – Supply risks involve factors that can disrupt the availability, quality, or timely delivery of goods and services.

Risk management 52

Risk management Risk Procurement strategies Strategy 52