Procurement Software

MARCH 5, 2024

US procurement startups are killing it. It’s no surprise that in the home of big tech, Silicon Valley and seemingly endless VC investors, there’s a thriving and diverse procurement tech ecosystem. Let’s have a look at the who’s who in the American procurement startup space. Hot diggity dawg!

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Real-time Visibility supply chain software solutions Procurement Supply Chain Efficiency 52

Una

OCTOBER 25, 2022

How to Improve Procurement Efficiency. Procurement was once known for imposing clunky purchasing processes. In recent years, however, many teams have managed to successfully shake off this long-outdated reputation. 8 Steps to Improve Procurement Efficiency. Consolidate your supplier lists. Educate your workforce.

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Supply Chain Efficiency Procurement Purchase orders Real-time Visibility 105

Spend Matters

MARCH 11, 2024

At Spend Matters, it’s as important for us to get to know the requirements and opinions of the procurement community of practitioners as it is for us to understand the world of tech solutions and their providers. So it was good to see a nice mix of both presenting at Procurement Strategies and Innovation (PSI) last week.

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Procurement strategies Innovation Strategy Procurement 93

Arkestro

OCTOBER 29, 2023

Resources / Blog / 5 Chilling Challenges Facing Procurement Today 5 Chilling Challenges Facing Procurement Today From uncovering hidden supply chain specters to exorcizing bothersome data demons, procurement managers certainly have their hands full. Read on if you dare. The chilling result?

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Procurement Procurement team Supplier relationship management Supply Chain Optimization 52

Procurement Software

FEBRUARY 6, 2024

Nordic Europe has a long tradition for being innovative, and Nordic procurement startups are no exception. We’ve got the definitive lowdown on 10 procuretechs from Europe’s chilly northern reaches, who are heating up the digital procurement ecosystem. Less than 10 years old as a company. Which countries are included?

Procurement 52

Procurement supply chain software solutions Supply Chain Efficiency Negotiation 52

Planergy

JANUARY 18, 2024

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Using a dynamic punchout catalog ensures customers can access data directly from their procurement software, and the data is always correct.

Management 52

Management Procurement Supplier relationship management Real-time Visibility 52

Procurement Software

JANUARY 9, 2024

British procurement startups are also well-represented within this startup ecosystem. The 10 Hottest UK-based Procurement Tech Startups Before we give you the list, we should briefly touch on what we’ve defined as a “Startup” Less than 50 employees, according to data on LinkedIn.

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supply chain software solutions Procurement Real-time Visibility Supply Chain Efficiency 52

ivalua

JUNE 4, 2020

A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supply chain resilience and agility in times of crisis. There are many supply chain management lessons to learn from the Covid-19 crisis.

Agile and Lean Supply Chain 173

Agile and Lean Supply Chain Supply chain resilience Supply Chain Efficiency Supply chain 173

Spend Matters

FEBRUARY 22, 2024

For procurement professionals, keeping pace with new technology and understanding the changes that come with it – while adapting their systems and workers – is crucial if they want to stay competitive in today’s fast-paced, unpredictable global economy. That alone increases efficiency,” he continued.

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Supply Chain Efficiency Real-time Visibility Management supply chain software solutions 86

Procurement Software

FEBRUARY 20, 2024

European procurement software startups are growing fast, and we’re constantly seeing new ones landing onto the scene. Lots of European procurement tech startups are still in early or growth phase. Lots of European procurement tech startups are still in early or growth phase. Procuretech in Europe is buzzing right now.

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Supply Chain Efficiency supply chain software solutions Procurement Real-time Visibility 59

Pipefy

NOVEMBER 24, 2023

Many organizations have implemented software automation tools that allow them to get more done at a lower cost, but procurement is one area that has lagged behind in this trend. According to Amazon’s 2024 State of Procurement report, 95% of decision makers believe that procurement has room for optimization.

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Procurement Real-time Visibility Supply Chain Efficiency e2e 52

Empowering CPO

MAY 5, 2023

Procurement’s Role in Driving Business Success Procurement, often viewed as a behind-the-scenes function, plays a critical role in a company’s success. It is responsible for managing the entire process of acquiring goods and services, from identifying suppliers to ensuring timely deliveries.

Supply Chain Efficiency 52

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

ivalua

JUNE 11, 2019

If you live in a city, state or country, which everybody does, your life and the lives of your family and friends is impacted directly by Procurement. No, I’m not referring to the Procurement department of your company (although, if Ivalua has anything to do about it, there are lots of interesting things happening there too).

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Procurement Real-time Visibility e2e Competitive bidding 169

Arkestro

DECEMBER 12, 2022

Procurement professionals of all types face a challenging and dynamic work environment. What Are the Biggest Procurement Challenges in Health and Pharma? Beyond procurement teams working within the constraints of profit and cost savings, lives are at stake. Limited Supplier Network. Supply Chain Visibility.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

Empowering CPO

JULY 2, 2023

Introduction Welcome to our latest discussion on a crucial facet of business operations: Managed Procurement Services. If you’re new to the term, Managed Procurement Services refers to the outsourcing of a company’s procurement functions to a specialized firm.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Empowering CPO

JULY 16, 2023

Introduction Brief Explanation of Managed Procurement Services In today’s interconnected business world, the seamless acquisition of goods and services is paramount to the smooth operation of any organization. This is where managed procurement services come into the picture.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

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.

Supply Chain Optimization 52

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

Arkestro

JULY 4, 2022

Supplier diversity is increasingly being recognized as a critical objective for procurement. From a societal viewpoint, organizations that achieve supplier diversity help address inequality and social injustice. Supplier Diversity is Critical for Multiple Reasons, and Predictive Procurement Is the Solution.

Suppliers 52

Suppliers Procurement Real-time Visibility Chief Procurement Officer 52

Empowering CPO

JULY 3, 2023

Introduction In the complex and fast-paced business world of today, Managed Procurement Services (MPS) have emerged as a key solution for enterprises seeking to streamline their operations, improve efficiencies, and achieve cost savings. Procurement is no longer just about purchasing goods and services at the lowest cost.

Innovation 52

Innovation Strategy Procurement Management 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.

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Procurement solutions Procurement e2e supply chain software solutions 52

Empowering CPO

MAY 4, 2023

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. Advantages of digital procurement systems The digital transformation of procurement processes offers numerous advantages to businesses.

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Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Positive Purchasing

MAY 9, 2023

Ian Platt heads up the Procurement Centre of Excellence at Syngenta Group, a US $33 billion global agricultural technology company. Just over a year ago, Ian initiated a move to digital procurement in a business that is leading the field in finding better ways to feed the World whilst helping to save the planet.

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Procurement Buyers Real-time Visibility supply chain budgeting 52

Procurement Software

MARCH 26, 2024

This is where every month, we’ll ask the Founder or CEO of a procurement software company a few questions. These 5-minute insights are perfect to read on a coffee break if you’re keen to grow your knowledge of digital procurement tools. Canopy has been specifically designed for SMEs and small procurement teams.

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Procurement team supply chain software solutions Real-time Visibility Suppliers 52

Empowering CPO

JULY 16, 2023

Introduction Brief Explanation of Managed Procurement Services In today’s interconnected business world, the seamless acquisition of goods and services is paramount to the smooth operation of any organization. This is where managed procurement services come into the picture.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

Empowering CPO

JUNE 30, 2023

Introduction Have you ever wondered how much time, effort, and money your company spends on procurement? According to the Hackett Group, companies that leverage procurement outsourcing services can reduce their procurement operation costs by 15% to 25%. Allow us to introduce ourselves.

Management 40

Management Procurement Real-time Visibility Supply Chain Efficiency 40

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

IBM Supply Chain Blog

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Sourcing and procurement professionals operating with a strategic sourcing mindset assess a supplier’s quality, reputation and service.

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Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 84

Empowering CPO

MAY 15, 2023

Introduction Welcome to a journey into the heart of successful businesses – the procurement function. Procurement is not just a corporate department; it is a critical business function that has the potential to influence an organization’s profitability, operational efficiency, and strategic success.

Procurement 52

Procurement Innovation Quality Cost of ownership 52

Empowering CPO

JULY 5, 2023

Introduction In the globalized and rapidly evolving business landscape of the 21st century, the strategic importance of procurement cannot be overstated. However, procurement can also be complex, time-consuming, and fraught with challenges. However, procurement can also be complex, time-consuming, and fraught with challenges.

Management 52

Management Procurement Real-time Visibility Ethics 52

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?

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Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 71

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.

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

Una

SEPTEMBER 11, 2023

By Hugo Britt | September 12, 2023 Search Search You’re a procurement professional keen to exploring the benefits of working with a group purchasing organization. Procurement professionals can use these rebuttals to convince their bosses that utilizing GPO services may be the right move for the business.

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Empowering CPO

JUNE 26, 2023

This is where spend analysis steps in as a powerful tool to help healthcare organizations gain deep insights into their procurement activities. This unique landscape presents numerous challenges and complexities for healthcare organizations when it comes to managing their procurement activities effectively.

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supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Supplier consolidation 52

The Procuretech Podcast

SEPTEMBER 7, 2021

We kick off series 2 of The Procuretech Podcast with with a mini-series examining three different Supplier Relationship Management platforms. Why supplier performance data can't just be measured in hard KPIs. Why supplier performance data can't just be measured in hard KPIs. We're BACK!

Raw materials 52

Raw materials Import Supplier relationship management Real-time Visibility 52

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). Time-consuming – The entire process from receiving the PO to making the payment can take up to 30 days. Time savings – . Increased visibility – .

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Real-time Visibility Purchase orders Purchasing Suppliers 40

Planergy

JANUARY 19, 2024

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Taking your time throughout the process ensures you get the best possible match. Vendor analysis is crucial for risk management.

Vendor management 52

Vendor management Suppliers Quality Supply Chain Efficiency 52

Empowering CPO

JUNE 16, 2023

Introduction Welcome to a journey that will transform your understanding of procurement. Spend Analysis is the process of collecting, cleansing, classifying, and analyzing expenditure data with the purpose of reducing procurement costs, improving efficiency, and monitoring compliance. What is Spend Analysis?

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