Procurement Software

MAY 9, 2022

Supplier Relationship Management (SRM) can be complex. Supplier relationship management software can make things a little bit easier. Sales & Marketing teams have reaped the benefits of Customer Relationship Management (CRM) solutions & Marketing Automation for the past 15–20 years.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 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

Planergy

JANUARY 26, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The best way to minimize disruption is to identify the various supplier risks and create a plan of action for what to do if the risk becomes a reality. This can also include economic instability.

Risk 52

Risk supply chain software solutions supply chain budgeting 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

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 31, 2020

New Ivalua study shows technology challenges are hindering procurement teams from achieving business objectives. The study revealed the challenges procurement teams face when it comes to achieving business objectives and the wide and growing gap in performance between advanced and less mature teams.

Procurement 130

Procurement Procurement team supply chain software solutions Supply chain 130

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. What is Procurement Tracking? Procurement Tracking is the process of monitoring and managing procurement activities.

Supply Chain Efficiency 178

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

ivalua

MARCH 31, 2020

REDWOOD CITY, Calif. , March 31, 2020 /PRNewswire/ — Ivalua, a leading provider of global spend management cloud solutions , has announced the latest findings of a worldwide study of supply chain, procurement and finance business leaders on Effective Procurement Performance Measurement.

Procurement team 47

Procurement team Procurement supply chain software solutions Spend management 47

Arkestro

SEPTEMBER 29, 2023

This approach leverages data science, machine learning, and automation to analyze large quantities of data and make procurement decisions with minimal human intervention. The software works with real-time and historical data, including user preferences, past buys, supplier performance, and market trends.

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement Supply Chain Optimization 52

Spend Matters

JANUARY 25, 2024

In no order of preference, other than by the date they arrived in our inbox, today let’s hear from enterprise intelligence software specialist SAP , one of Spend Matters 50 Procurement Providers to Know. I believe that the scope of procurement will not contract back to a sole focus on supply stability and cost containment.

Procurement solutions 72

Procurement solutions Procurement supply chain software solutions Supply Chain Efficiency 72

Value Match

FEBRUARY 23, 2023

The new software has a reduced bias and error scatter compared to previous models. The Environmental Agency has set out it’s own risk management strategy to support the nation for flooding and coastal changes. However, what can we do as procurement professionals to help? appeared first on.

Procurement team 52

Procurement team supply chain software solutions Supply chain resilience Risk 52

Procurement Software

APRIL 2, 2024

We’d all like the latest digital procurement tools. But often, those who aren’t familiar with the procurement software market mistakenly overestimate the cost. The reality is that procurement tech doesn’t have to be expensive. You don’t need a 6-figure software budget or a large sum to hire consultants for implementation.

supply chain budgeting 52

supply chain budgeting supply chain software solutions Procurement Budget 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. Policies serve as guidelines for the procurement team, ensuring consistency and adherence to ethical standards.

Procurement strategies 70

Procurement strategies Strategy Procurement Supply Chain Efficiency 70

Procurement Software

MARCH 19, 2024

It will take time before we have dedicated generative AI-driven procurement software. Generative AI’s current impact in procurement is best illustrated by tech-savvy procurement category managers leveraging apps like ChatGPT and Bard to streamline the execution of routine tasks.

Procurement 52

Procurement Category management supply chain software solutions Data 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. The Pandemic Exposed Flaws in Traditional Approaches to Procurement. We all remember the early days of the pandemic and shortages in critical medical supplies.

Agile and Lean Supply Chain 52

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

Zycus Cognitive Procurement

SEPTEMBER 15, 2022

Accordingly, the time is right for procurement to take centre stage and create benchmark KPIs to ensure sustainability in global supply chains. Ensuring responsible sourcing is a primary need of procurement teams now. Risk management. Elevate the strategic performance management of your team.

supply chain budgeting 52

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

Procurement Software

MARCH 11, 2022

Typically, the value that a procurement professional contributes to a business can usually be measured either in: Hard cost savings, or; Other, less tangible but equally important forms of value: Cost avoidance. Sustainability initiatives within the supply chain. Third party risk management. Supplier innovation.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Arkestro

MAY 23, 2023

Fortunately for construction companies, new solutions have emerged to meet their challenges. Today, the right procurement software can streamline procurement processes and help procurement managers level-up their current methods of addressing common problems such as project delays, quality control, sustainability, and risk management.

Procurement 52

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

Barkers Procurement

FEBRUARY 25, 2024

Intelligent Procurement Software Uncertain business outlooks shine a spotlight into every function. The right digital procurement technology can centralise spend data, identify trends and compliance to metrics, pinpoint opportunities, and simplify supply chain decisions as a result.

Procurement 52

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

Procurement Software

JANUARY 16, 2024

Could more visionary procurement leaders be the cure for procurement teams not getting the recognition they deserve? It’s time to start replacing the technocratic, process-obsessed procurement teams. We must usher in a more visionary and value-focused group of procurement leaders and CPOs.

Procurement 52

Procurement Procurement team supply chain budgeting Budget 52

Pipefy

MAY 23, 2023

Here’s what that involves: Find the right procurement tool for your organization. However, the software that works best for you will be based on your industry, business size, tech stack, and procurement objectives, which might include hastening production, eliminating order errors, or cutting dead stock costs.

Procurement solutions 52

Procurement solutions Procurement e2e 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.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

Procurement Software

MARCH 11, 2022

Typically, the value that a procurement professional contributes to a business can usually be measured either in: Hard cost savings, or; Other, less tangible but equally important forms of value: Cost avoidance. Sustainability initiatives within the supply chain. Third party risk management. Supplier innovation.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

Procurify

JULY 20, 2022

If you are a purchasing manager struggling to meet your saving targets, you’re not alone. . According to a report by Ardent Partners , 2022 savings targets for procurement teams is almost 19% lower than the last year. So, what are the common challenges purchasing managers face today, and how can they address them?

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 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

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. Properly identifying and mitigating risks is essential to ensuring success and sustainability.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

Jaggaer

APRIL 22, 2019

Procurement teams are in a unique and important position to drive such initiatives forward as these improvements are only possible through actions taken in the supply chain. Clear steps to sustainable procurement. A quick look at the regulatory landscape.

Sustainability 91

Sustainability Supply Chain Efficiency Procurement supply chain software solutions 91

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

Zycus Cognitive Procurement

JULY 25, 2022

Over the past two years, we’ve seen how supply chains are constantly changing and facing uncertainties. CPOs and procurement leaders everywhere are trying to identify ways to be agile to handle future uncertainties. . A significant amount of change has taken place in the procurement function over the past few years.

supply chain budgeting 52

supply chain budgeting Procurement Agile and Lean Supply Chain Management 52

Spend Matters

MARCH 11, 2024

Tech newcomers to PSI and Spend Matters FISCAL We met David Griffiths, CEO of FISCAL , a P2P risk management solution offering fraud forensics and SaaS risk software. Procurement was expected to generate one-third of the expected business value; transforming procurement and supply chain was key.

Procurement strategies 94

Procurement strategies Innovation Strategy Procurement 94

Una

APRIL 25, 2023

Why are Sourcing Heroes so often time-poor in procurement? Here are some of the factors that cause time constraints in procurement: Increased complexity The globalization of markets and the expansion of the supply chain bring cost benefits, but have also led to an increase in the volume and complexity of procurement activities.

Procurement 94

Procurement supply chain budgeting Supply Chain Efficiency Contract 94

Zycus Cognitive Procurement

SEPTEMBER 13, 2022

With increasing pressure for organizations to contribute toward Environmental, Social, and Governance (ESG) mandates, the responsibility is on the procurement team’s shoulders to strategize and make collective efforts. C²PO evangelizes and enforces sustainable procurement practices. Figure 1: Speakers of the session.

Procurement 52

Procurement Buyers Leadership Agile and Lean Supply Chain 52

The Procuretech Podcast

APRIL 26, 2022

Sometimes, an end-to-end source-to-pay (S2P) solution that joins up the dots, and automates a lot of otherwise manual processes, can give a huge productivity advantage. The mid market has traditionally been underserved by procurement software, with tech companies typically going after large enterprise clients at their expense.

Sourcing 52

Sourcing Procurement team supply chain software solutions Procurement 52

The Procuretech Podcast

JUNE 28, 2022

In particular, Wolfgang says that he enjoys expanding the mandate for procurement for wider value generation, using technology. I ask Wolfgang about common mistakes in how organisations manage their procurement teams internally. Wolfgang thinks it’ll need a structural mandate to empower procurement.

Sourcing 52

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

Empowering CPO

JUNE 9, 2023

KPIs in procurement are a set of quantifiable measurements that demonstrate how effectively an organization is achieving its operational and strategic goals in procurement. They act as a navigational tool, guiding the procurement team towards the achievement of their strategic objectives.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

Jaggaer

MAY 7, 2019

To address such risks, the Bank Recovery and Resolution Directive (BRRD), which gives central banks the power to intervene if a failing bank poses a public risk, is being adopted into national law of European Union member states. Procurement teams, therefore, have a vital role to play.

Supply Chain Efficiency 75

Supply Chain Efficiency Procurement Chief Procurement Officer Spend management 75