ivalua

FEBRUARY 10, 2023

Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy.

Price 264

Price Strategy Sourcing Real-time Visibility 264

Procurement Tactics

MAY 22, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Integrated Logistics — What You Should Know Integrated logistics is gaining popularity throughout the years to the point of replacing the traditional logistics concepts. However, what is it?

Logistics 207

Logistics supply chain software solutions supply chain budgeting Supply Chain Optimization 207

World of Procurement blog

MAY 10, 2024

The Promise of AI for Procurement Teams Artificial intelligence (AI) has the potential to transform and revolutionize procurement processes. By leveraging technologies like machine learning, natural language processing, and neural networks, AI-driven solutions can help procurement teams work smarter, faster, and more efficiently.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

World of Procurement blog

MAY 8, 2024

What is Procurement? Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. Purchasing is more transactional and tactical. Scope : Procurement spans the entire process from identifying requirements to contract closure. Purchasing's value-add is more limited.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Tactics

MAY 31, 2023

51 ChatGPT Prompts to 10X Your Productivity in Procurement Success! First Name Email Download 51 Prompts →  Or receive our famous weekly newsletter Inventory Control — What You Should Know Inventory control allows businesses to ensure that the right amount of supply is available to meet the customers’ demands.

Inventory control 174

Inventory control Inventory Real-time Visibility supply chain budgeting 174

Arkestro

JUNE 6, 2023

Resources / Blog / What Does Finance Think of Procurement? What Does Finance Think of Procurement? Procurement and finance are two sides of the same coin. On the other side, procurement is concerned with keeping company operations running smoothly and judicially making the most of budgets.

Supply Chain Efficiency 52

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

Una

NOVEMBER 28, 2022

Three Steps to Making an Impact When Starting a New Procurement Role. Now, I know settling into a new role can take a little time, so I don’t want you to feel under any pressure to make any significant impact straight away. Make an impact right away when starting a new procurement role. Step 1: Gain visibility of spend data.

Real-time Visibility 95

Real-time Visibility Procurement Purchasing Contract 95

ivalua

JANUARY 13, 2021

Difference Between Procure to Pay and eProcurement. Procure-to-Pay is the sequential process we described earlier. Eprocurement or e-procurement comes from electronic procurement. Cloud-based Procure to Pay platforms are a must-have for any company that wants to become best-class in P2P.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Budget 235

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. This content does not express the views or opinions of Spend Matters. How is it possible?

Procurement 90

Procurement Real-time Visibility Chief Procurement Officer Procurement team 90

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. Lack of pricing compliance .

Sourcing 52

Sourcing Real-time Visibility Procurement Buyers 52

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

Spend Matters

JUNE 19, 2023

This Spend Matters series takes a look at the state of procurement technologies in the market today and whether they meet user demands. In this article, our analyst Xavier Olivera looks at E-Procurement. In this article, our analyst Xavier Olivera looks at E-Procurement. What does an E-Procurement solution do?

Procurement solutions 84

Procurement solutions Procurement supply chain budgeting Real-time Visibility 84

Procurement Tactics

DECEMBER 6, 2022

33 Procurement Interview Questions in 2022. However, these manual processes are ineffective and cost a lot of effort, time, and money. It is a set of practices that ensures smart procurement decisions and efficient purchasing. Unclear purchasing policies. Visibility of expense data. Download Whitepaper →. .

Spend management 172

Spend management Management Real-time Visibility Budget 172

Planergy

MAY 25, 2023

Proper spend management also includes tracking and controlling company-wide spending, including procurement costs. While QuickBooks does not take the place of a dedicated procure-to-pay application , it does offer a variety of features that can help with spend management. This can be done in the Settings area of the application.

Spend management 52

Spend management Management Purchase orders Budget 52

World of Procurement blog

MAY 23, 2024

Supplier consolidation refers to the strategy of reducing the total number of suppliers that a company deals with and instead focusing procurement spending on a select few preferred suppliers. To gain operational efficiencies by standardising and simplifying purchasing processes across fewer supplier relationships.

Supplier consolidation 52

Supplier consolidation Suppliers Supply Chain Efficiency supply chain budgeting 52

Procurement Tactics

DECEMBER 21, 2022

33 Procurement Interview Questions in 2023. After taking the time to read this article, you will have a deeper understanding of what supply chain collaboration is all about. Thus, allowing you to know if your decision is right when the time comes you are going to collaborate in the supply chain. . Download Whitepaper →. .

Collaboration 199

Collaboration Supply Chain Optimization Supply Chain Efficiency Supply chain 199

Una

JANUARY 17, 2023

Zero visibility of the risks their ships faced, from storms to piracy and political instability, rendered those on shore helpless to intervene. That is why the most important gains in supply chain technology have been in the area of visibility. The Challenging State of Procurement and Supply Chain. Internet of Things (IoT).

Supply Chain Efficiency 98

Supply Chain Efficiency Supply Chain Optimization Supply chain Real-time Visibility 98

Zycus Cognitive Procurement

SEPTEMBER 28, 2022

First, we need to understand the procure-to-pay process – . The first step in this process is to place the order with a supplier through a purchase order (PO). Once the PO is approved by the required authority it is sent to the supplier and the order is placed. Time savings – . Increased visibility – .

Real-time Visibility 40

Real-time Visibility Purchase orders Purchasing Suppliers 40

Arkestro

FEBRUARY 15, 2023

With the pandemic, global economy, and inflation shaking up the industry, reliable suppliers have become a major issue for companies involved in heavy industry procurement. It can monitor cost trends in order to quickly identify possible areas where savings can be gained. The system should automatically create that.”

Purchasing 52

Purchasing Purchase orders supply chain software solutions supply chain budgeting 52

ivalua

JULY 14, 2021

The largest identified gap between procurement and payment is the Accounts Payable (AP) process. In order to truly cross this chasm, your business does not require major construction, but simply a supplier self-service portal. The ability to create a touchless Procure-to-Pay process will reduce the opportunity for fraud.

Real-time Visibility 130

Real-time Visibility e2e Suppliers Purchase orders 130

Supply Chain Game Changer

MARCH 28, 2020

The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. But there is a profoundly significant Procurement value chain. Procurement is strategic! Now is the time for Procurement to SELL! Could the CPO Be Replaced by the Chief Value Officer?

Procurement 71

Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 71

Spend Matters

MAY 8, 2023

One consideration is the range of scenarios direct procurement encompasses, which can vary significantly from one customer to the next. prior to P2P execution) and/or downstream activities, new or existing products, procurement and/or supply chain functions, etc. Coupa is not releasing all of the above at the same time.

Spend management 73

Spend management Management Real-time Visibility Collaboration 73

Procurement Software

MARCH 11, 2022

Not many people outside of our profession understand what is Procurement and what we do. Thus, it’s not surprising that investment into digital procurement tools has been behind tech investments into other departments over the past 20 years. Procurement tools will plug those leaky holes in your spend with external suppliers.

supply chain software solutions 52

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

Procurement Software

MARCH 11, 2022

Not many people outside of our profession understand what is Procurement and what we do. Thus, it’s not surprising that investment into digital procurement tools has been behind tech investments into other departments over the past 20 years. Procurement tools will plug those leaky holes in your spend with external suppliers.

supply chain software solutions 52

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

Pipefy

JANUARY 31, 2023

Why purchase request approval is important The purchase requisition approval process is the final layer of review that’s required for all purchase requests. Once purchase requisitions are processed and approved, a purchase order is generated and submitted to the vendor or supplier for fulfillment.

Purchasing 52

Purchasing Purchase orders Real-time Visibility e2e 52

Empowering CPO

JUNE 16, 2023

Brief Overview of Spend Analysis Spend analysis is a process that involves collecting, cleansing, classifying, and analyzing expenditure data with the purpose of decreasing procurement costs, improving efficiency, and monitoring compliance. In essence, spend analysis empowers procurement teams to turn data into strategic action.

Import 52

Import Procurement Supply Chain Efficiency Real-time Visibility 52

Zycus Cognitive Procurement

JULY 27, 2021

Procure to pay automation has come a long way in the world of procurement. Although, this “a-ha” moment makes for great viewing, but we know that crimes are solved based on hard facts in real life. Although, this “a-ha” moment makes for great viewing, but we know that crimes are solved based on hard facts in real life.

Procurement 40

Procurement Real-time Visibility Chief Procurement Officer e2e 40

Empowering CPO

JUNE 30, 2023

At the heart of this revolution lies a powerful tool that many companies are now leveraging to achieve competitive advantage: Managed Procurement Services. As the name suggests, Managed Procurement Services involves the strategic outsourcing of procurement processes to expert providers. This is where EmpoweringCPO stands apart.

Supply Chain Optimization 52

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

Claritum

MAY 2, 2019

Claritum Article - Procurement Blog. Key transactional areas of Procurement. Strategic focus areas of Procurement. If your procurement team is spending over half their time on transactional activity, what opportunities are they missing? 2 Key transactional areas of procurement. Purchase Order *.

Real-time Visibility 44

Real-time Visibility Procurement Purchase orders Eprocurement 44

Empowering CPO

JUNE 27, 2023

One area where digital transformation has had a profound impact is in procurement, and specifically, in the realm of spend analysis. Procurement is a strategic function that encompasses the acquisition of goods and services required to support an organization’s operations.

Real-time Visibility 40

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

Una

APRIL 11, 2023

Advantages and Disadvantages of ERP Systems Discover the advantages and disadvantages of utilizing ERP systems to drive efficiencies and cost savings in procurement. They also typically provide analytics and reporting tools that allow managers to monitor performance and make data-driven decisions in real time.

supply chain software solutions 98

supply chain software solutions Real-time Visibility Supply Chain Efficiency Raw materials 98

Empowering CPO

JUNE 14, 2023

Brief Overview of Procurement Welcome to our deep dive into the world of procurement. But before we venture into the depths of innovation in this field, let’s first establish what procurement really is. This is especially true in procurement, where the landscape is rapidly evolving. Understanding Procurement A.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Supply Chain Game Changer

APRIL 23, 2019

The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. This is not to say that they believe Procurement doesn’t play a role, but rather that they don’t view Procurement as playing a critical role beyond cutting costs and finding suppliers.

Procurement 50

Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 50

TYA Suite

MAY 14, 2023

Inventory management or inventory control is the process of monitoring the warehouse of a business to ensure that the stock is being used at the optimum level and is managed well. Automation eliminates human error, saves time, and decreases the probability of mistakes.

Inventory 52

Inventory Real-time Visibility Management Supply Chain Efficiency 52

Arkestro

MAY 23, 2022

Last November, the lineup of container ships anchored off the coast of California hit 109, an all-time high. In 2021, lumber smashed all-time record prices, and home improvement stores were often sold out. How Procurement Can Help Explain Supply Chain Shortages. Before the pandemic, these ships could sail right into the harbor.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply chain Real-time Visibility Supply 52

Empowering CPO

JUNE 20, 2023

Spend analysis, an often overlooked yet critical component of procurement, is all about extracting those stories from stacks of invoices, purchase orders, and contracts. In this blog post, we’ll explore what spend analysis really is, why it matters, and how it can revolutionize your approach to procurement.

Real-time Visibility 52

Real-time Visibility Data Supply Chain Efficiency Purchase orders 52

Empowering CPO

JUNE 21, 2023

In the world of procurement, it’s the compass that guides decision-makers, pointing the way to smart, strategic purchases and partnerships. Enter EmpoweringCPO, a company dedicated to offering services that elevate procurement processes to a new level of efficiency and effectiveness.

Procurement 40

Procurement Data Sustainability Suppliers 40