Procurement Tactics

MAY 30, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Procurement Managers — The Ultimate Guide Procurement managers are not easy, but the role is rewarding, interesting, and crucial to the success of a business. What is a Procurement Manager?

Management 178

Management supply chain budgeting Procurement Negotiation 178

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

ivalua

DECEMBER 14, 2020

The pandemic wreaked havoc on businesses and their supply chains, but even in these trying times, there’s a silver lining. The job of sourcing professionals is to understand the risk in the supply chain and manage it so they can react quickly when a problem occurs.” But cost reduction is no longer sufficient.

Agile and Lean Supply Chain 130

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

Procurement Tactics

JULY 14, 2022

33 Procurement Interview Questions in 2022. Procurement Executive — The Ultimate Guide of 2022. Having a procurement executive in your company will determine the success of your procurement process. However, many newbies in the procurement field are wondering what is the role of a procurement executive.

Procurement 130

Procurement Purchase orders Purchasing Negotiation 130

World of Procurement blog

APRIL 23, 2024

The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. Effective procurement strategies require a deep understanding of market trends, supplier landscapes, and the latest technologies.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

World of Procurement blog

APRIL 23, 2024

The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. Effective procurement strategies require a deep understanding of market trends, supplier landscapes, and the latest technologies.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

World of Procurement blog

APRIL 23, 2024

In today's competitive business environment, procurement isn't just a necessity; it's a strategic function that can significantly influence a company’s bottom line. Technology has transformed procurement operations from a complex, manual process into an automated, streamlined function that enhances decision-making and transparency.

Procurement 52

Procurement Supply Chain Efficiency Real-time Visibility Purchase orders 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. What are Procurement Analytics? How to Use Data in Procurement?

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. What are Procurement Analytics? How to Use Data in Procurement?

Procurement 52

Procurement Supply Chain Optimization supply chain budgeting supply chain software solutions 52

Supply Chain Game Changer

SEPTEMBER 22, 2022

Subscribe to Supply Chain Game Changer. The Reality of Automation in Procurement! All of these are the challenges of working in procurement, necessitating an automated procurement system. But procurement is one of the most integral parts of running an operation. Understanding The Procurement Process.

supply chain budgeting 101

supply chain budgeting Real-time Visibility supply chain software solutions Procurement 101

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

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

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

AUGUST 30, 2022

33 Procurement Interview Questions in 2022. E-Procurement — Everything You Should Know. E-procurement has been adopted by many organizations as it simplifies the process of procurement. For this article, we will discuss what e-procurement is all about. We will also show you the steps of e-procurement. .

Procurement 130

Procurement Supply Chain Efficiency Purchasing Suppliers 130

Spend Matters

MAY 22, 2024

Spend Matters is researching the personal viewpoints and the practical application of AI among leaders in the procurement profession. We are welcoming both opinion and real-life use cases from senior procurement and supply practitioners to bring genuine first-hand insights to like-minded procurement professionals.

Procurement 93

Procurement Data supply chain software solutions Contract 93

SCMDOJO

SEPTEMBER 8, 2023

This blog explains The Key MRP Metrics in Supply Chain whcih every supply chain professional in Manufacturing or Distribution Businesses. Supply chain professionals will be familiar with the term Material Requirements Planning (MRP).

Supply Chain Efficiency 84

Supply Chain Efficiency Supply Chain Optimization supply chain software solutions Agile and Lean Supply Chain 84

IBM Supply Chain Blog

DECEMBER 13, 2023

The role of procurement extends beyond transactional activities. 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. What is a procurement strategy?

Procurement strategies 65

Procurement strategies Strategy Procurement Supply Chain Efficiency 65

Procurement Tactics

JULY 2, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. Job orders also set out clearly the path for procurement professionals to enable them to execute the procurement process efficiently.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

Barkers Procurement

MARCH 26, 2023

There are many aspects to a company, which creates massive scope for a procurement function to increase the business’s profitability. Below we discuss these and other ways procurement can make your company more profitable. Excluding procurement from the plans and not updating them on the strategy will undoubtedly result in failure.

Procurement 52

Procurement Purchase orders Supply Chain Efficiency supply chain software solutions 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. The risks of errors and bottlenecks alone in manual work make procurement a superb place to begin a digital transformation.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

Procurement Software

MARCH 19, 2024

When you hear the words Generative AI in Procurement, your reaction is probably one of two things: Either you get excited, thinking of all the benefits and time-saving hacks it could offer. We therefore must try to understand what potential impact generative AI could have on procurement organisations.

Procurement 52

Procurement Category management supply chain software solutions Data 52

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

SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference.

Procurement 100

Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 100

Arkestro

SEPTEMBER 29, 2023

By 2026, the procurement analytics market is predicted to grow at a compound annual growth rate (CAGR) of nearly 20% , equating to $8.36 This is largely driven by technological innovations shaking up the industry, with autonomous procurement at the helm. What is autonomous procurement? Why is autonomous procurement important?

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement Supply Chain Optimization 52

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. Many ERP procurement models do not allow to easily configure for approval flows. This includes costs for hardware, software, and personnel to maintain the system.

supply chain software solutions 98

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

Procurement Tactics

JUNE 22, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. After this article, you will know the difference between regular and blanket purchase orders and how using this will benefit your organization.

Purchase orders 191

Purchase orders Purchasing Quantity Buyers 191

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. These technologies streamline purchasing related workflows by sifting through enough data to simulate the creation of PO’s based on routine purchases.

Purchasing 52

Purchasing Purchase orders supply chain software solutions supply chain budgeting 52

Arkestro

JANUARY 18, 2023

Predictive procurement is the key to securing raw materials at the right price and time. We explore how predictive procurement in chemical manufacturing will be strategic as we move into 2023. The Deloitte report points out that supply chain will need to consider different strategies to meet the changes coming.

Raw materials 94

Raw materials Procurement supply chain budgeting Supply Chain Efficiency 94

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. However, what is it?

Inventory control 174

Inventory control Inventory Real-time Visibility supply chain budgeting 174

Procurement Tactics

MAY 24, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Vendor Scorecards — Everything You Should Know Vendor scorecards simplify vendor management and are an important factor in monitoring supplier performance. However, what is it?

Supply Chain Efficiency 186

Supply Chain Efficiency Vendor management Negotiation Quality 186

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

Spend Matters

OCTOBER 3, 2023

We recently spoke with procurement solution providers to discover what their customers are asking of them. In a new series of investigations Spend Matters is speaking with representatives from the world of procurement tech practitioners and consultants to discover the word on the street about the challenges of ‘turning digital.’

Procurement 77

Procurement Price Buyers supply chain budgeting 77

The Procuretech Podcast

OCTOBER 3, 2022

We're continuing our series of interviews with industry experts and thought leaders to get their take on digital procurement. In this episode, we're going to extend that a little bit and talk about supply chain. Democratising Supply Chain Training - Dr. Muddassir Ahmed from SCM Dojo . guides, easy to read lists. .

supply chain software solutions 40

supply chain software solutions supply chain budgeting Supply chain Supply 40

Una

MARCH 6, 2024

Your Business Guide to Outsourced Procurement A comprehensive guide to outsourced procurement and the benefits of working with a group purchasing organization to save money, time, and effort. We’ll also reveal the benefits of outsourcing procurement to a group purchasing organization (GPO).

Procurement 52

Procurement Agile and Lean Supply Chain Purchasing Supply Chain Efficiency 52

Planergy

DECEMBER 29, 2022

Marketing Procurement: Challenges and Best Practices. Best Practices & Tips Category Management Procurement. Procurement leaders often underestimate the importance of marketing procurement. What is Marketing Procurement? Marketing Procurement vs. Standard Procurement. Download Free Copy.

Procurement 52

Procurement Raw materials supply chain budgeting supply chain software solutions 52

Procurement Tactics

MAY 25, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Kanban System — Everything You Should Know Kanban System is gaining popularity and has spread to many industries from construction to procurement to optimize workload. However, what is it?

Inventory 130

Inventory Supply Chain Optimization Negotiation supply chain software solutions 130