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

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. Descriptive analytics can help identify patterns and trends.

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. Descriptive analytics can help identify patterns and trends.

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.

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Category management Management Procurement Supplier relationship management 52

Spend Matters

JANUARY 2, 2024

After the last few tumultuous years, procurement teams are still facing steep challenges in getting ahead of supplier and supply chain risks. Some organizations have opted to invest in new, more robust supplier and third-party risk management (TPRM) systems, while others are optimizing their existing systems.

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Risk Suppliers Raw materials Risk management 78

Arkestro

OCTOBER 10, 2023

Then we’ll discuss how AI and other innovative technologies are removing current complexities, allowing oil and gas companies to reduce costs, optimize supply chains, and make data-driven decisions. This helps procurement teams make informed decisions and negotiate better contracts, potentially saving significant costs.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 52

IBM Supply Chain Blog

FEBRUARY 28, 2024

Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits. Now, anyone can follow the full journey of a shrimp through the supply chain. Read our solution brief to get started.

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World of Procurement blog

APRIL 23, 2024

Spend Under Management Measures the amount of spend that the procurement team actively manages, aiming for higher percentages for better control. Purchase Order Cycle Time Evaluates the efficiency of the procurement process by measuring the time from when a purchase request is made to when the order is completed.

Procurement 52

Procurement Supply Chain Efficiency Procurement team Quality 52

World of Procurement blog

APRIL 23, 2024

Spend Under Management Measures the amount of spend that the procurement team actively manages, aiming for higher percentages for better control. Purchase Order Cycle Time Evaluates the efficiency of the procurement process by measuring the time from when a purchase request is made to when the order is completed.

Procurement 52

Procurement Supply Chain Efficiency Procurement team Quality 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 teams equipped with risk management tools can ensure business continuity and minimize potential negative impacts.

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Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Spend Matters

OCTOBER 19, 2023

We are pleased to announce that the recognized Future 5 providers are: akirolabs — Founded by procurement veterans, akirolabs is a Berlin-based digital solution that helps transform procurement from a tactical function to a value orchestrator. Its founders have extensive supply chain and enterprise technology experience.

Supply Chain Optimization 88

Supply Chain Optimization Supply Chain Efficiency Procurement team Buyers 88

ivalua

APRIL 27, 2023

CTA April 28, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. 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.

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

ivalua

APRIL 27, 2023

Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. According to Supply Chain Now’s Greg White, the cracks have been exposed and there is nowhere to hide.

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Sustainability Risk Supply Chain Efficiency Agile and Lean Supply Chain 130

Arkestro

SEPTEMBER 29, 2023

We’ll define autonomous procurement and explain its business impact, then highlight how Arkestro’s Predictive Procurement Orchestration platform is helping organizations quickly find procurement opportunities and deliver value for the business. What is autonomous procurement? Why is autonomous procurement important?

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement Supply Chain Optimization 52

Spend Matters

JANUARY 16, 2024

Here, spend analytics, e-sourcing and tail spend management have emerged, not just as business tools but also as catalysts of change, sculpting a new narrative in the source-to-pay domain. Efficiency gains in the procurement lifecycle contribute directly to cost optimization by reducing manual effort and cycle times.

Procurement solutions 82

Procurement solutions Procurement Spend management Supply Chain Optimization 82

ivalua

MAY 1, 2020

The total costs, in terms of human lives, disrupted supply chains, ruined businesses and GDP impact, are still just projections in the array of charts presented daily by statisticians and data modelers. There are, however, already some clear lessons to be learned by Procurement and Supply Chain leaders.

Supply chain management 130

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 130

ivalua

AUGUST 16, 2021

A checklist guide to getting the most out of your supplier risk management program. This reliance can increase supplier risk or uncover a large source of value and supplier innovation for organizations. . The following are some of the most common objectives for implementing a supplier risk and performance management program. .

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Risk Suppliers Management Supply Chain Efficiency 130

Procurement Tactics

OCTOBER 13, 2022

However, not many people know their real role in procurement. . In this article, we will discuss what a strategic sourcing manager is. We will discuss the role of strategic sourcing managers within the procurement team and their responsibilities in a company. Skills Necessary to be a Strategic Sourcing Manager.

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Strategic sourcing Strategic sourcing Sourcing Management 200

Procurement Tactics

JUNE 28, 2023

In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. This allows for the identification and implementation of measures to mitigate any delays or obstacles in the supply chain by organizations.

Supply Chain Efficiency 178

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

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

IBM Supply Chain Blog

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. Tasks such as vendor selection criteria, contract management and compliance initiatives should be clearly defined.

Procurement strategies 73

Procurement strategies Strategy Procurement Supply Chain Efficiency 73

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?

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Buyers Supply Chain Efficiency supply chain budgeting Procurement 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

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

Supply Chain Game Changer

OCTOBER 28, 2021

Subscribe to Supply Chain Game Changer. Featuring Our 12 Best Procurement Articles! Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. Subscribe Here! Email Address.

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supply chain budgeting Procurement Supply Chain Efficiency e2e 89

Arkestro

DECEMBER 12, 2022

Procurement professionals of all types face a challenging and dynamic work environment. The pandemic and resulting supply chain disruptions have added extreme pressure on the health and pharma sector to address shortages quickly and efficiently. What Are the Biggest Procurement Challenges in Health and Pharma?

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

With the increasing complexity of supply chains and the growing importance of sustainability and social responsibility, the role of procurement professionals has become more critical than ever. It involves optimizing procurement processes and reducing costs while maintaining the quality of goods and services.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

Una

APRIL 13, 2023

Procurement experts often invoke the 80/20 rule (otherwise known as the Pareto Principle), which states that 80% of the value in your supply chain will come from only 20% of your suppliers. These vendors are now a part of your Supplier Relationship Management program. Contact us to learn more.

Suppliers 98

Suppliers Supplier relationship management Agile and Lean Supply Chain Supply Chain Optimization 98

Empowering CPO

JULY 17, 2023

Procurement teams are often confronted with issues such as maintaining cost control and visibility over spending, managing relationships with a diverse range of suppliers, staying compliant with a myriad of regulations, mitigating risks in the supply chain, and leveraging new technologies effectively.

Procurement 52

Procurement Supply Chain Efficiency Real-time Visibility Supply Chain Optimization 52

Empowering CPO

JULY 17, 2023

Procurement teams are often confronted with issues such as maintaining cost control and visibility over spending, managing relationships with a diverse range of suppliers, staying compliant with a myriad of regulations, mitigating risks in the supply chain, and leveraging new technologies effectively.

Procurement 40

Procurement Management Supply Chain Efficiency Real-time Visibility 40

Una

NOVEMBER 29, 2023

This can include implementing a formal Supplier Relationship Management (SRM) program, sharing your strategy with key suppliers, collaborating on cost-saving initiatives, and ensuring a reliable and efficient supply chain. Develop contingency plans and strategies to safeguard your organization’s procurement operations.

Supply Chain Efficiency 52

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

Skill Dynamics

OCTOBER 19, 2023

One extremely successful example is the retail giant, Amazon, whose negotiation tactics have played a significant role in its supply chain operations. Advanced techniques via elevated supply chain skills empower procurement teams to handle complicated interactions.

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Negotiation Procurement Procurement strategies Buyers 52

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

Una

AUGUST 31, 2023

Overcoming Challenges with Strategic Sourcing for SMEs Explore how strategic sourcing for SMEs can help procurement professionals overcome the unique challenges of operating a small business. The unique challenges of SME procurement Small businesses often find themselves facing a unique set of challenges.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supplier relationship management 52

Una

OCTOBER 9, 2023

How to Implement a Strategic Sourcing Process A play-by-play manual showing how to implement a strategic sourcing process that aligns with your organization’s goals, optimizes spend, and creates long-term value. By proactively addressing risks, organizations can safeguard their supply chains and drive efficiencies.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

NLPA (Next Level Purchasing Association)

MAY 7, 2023

When it comes to procurement, S & O Planning plays a critical role in ensuring that the right products are available at the right time, in the right quantities, and at the right cost. Supply Risk Checklist Vendor Risk Management Your Business Strategy Is Foolproof, Right?

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supply chain budgeting Demand Strategic planning Demand Planning 52

Una

JUNE 8, 2023

The fact is that procurement teams can only do so much. We need to focus on those that are critical for maintaining a reliable supply chain, optimizing costs, driving innovation, improving efficiency , and supporting strategic objectives. You can listen to the full episode here.

Suppliers 52

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