Empowering CPO

JULY 2, 2023

If you’re new to the term, Managed Procurement Services refers to the outsourcing of a company’s procurement functions to a specialized firm. This approach allows businesses to leverage the expertise of procurement specialists to streamline operations, optimize supplier relationships, and most importantly, reduce costs.

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Management Supplier relationship management Procurement Strategic sourcing 40

Empowering CPO

JULY 16, 2023

Our services range from spend analysis and supplier relationship management to contract management, strategic sourcing, and e-procurement solutions. It involves the process of identifying, selecting, acquiring, and managing resources that a business needs to fulfill its operations and meet its goals.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

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

JUNE 20, 2023

Definition of Tail Spend and Its Importance in Procurement Tail spend, or non-strategic spend, typically refers to the approximately 20% of a company’s purchases that account for about 80% of its suppliers. However, when taken collectively, these costs can add up to a significant portion of a company’s total spend.

Real-time Visibility 40

Real-time Visibility supply chain budgeting Spend management Risk 40

World of Procurement blog

MAY 8, 2024

What is Supply Chain Management (SCM) Supply Chain Management (SCM) is the management of the flow of goods, services, information and finances as they move from raw materials to final product, from manufacturer to consumer. The ultimate goal of SCM is to reduce costs while satisfying customer demands.

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Agile and Lean Supply Chain Supply chain management Supply chain management Supply Chain Optimization 40

Procurement Software

MARCH 11, 2022

Instead of looking at direct materials and purchased parts, the hidden opportunity is often found in effective tail spend management. The best opportunities now lie in tail spend management. The typical characteristics of tail spend are poor spend data and a relatively low value per purchase order. What is tail spend?

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

Instead of looking at direct materials and purchased parts, the hidden opportunity is often found in effective tail spend management. The best opportunities now lie in tail spend management. The typical characteristics of tail spend are poor spend data and a relatively low value per purchase order. What is tail spend?

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Empowering CPO

JULY 3, 2023

As globalization accelerates and supply chains become increasingly complex, procurement’s role has expanded from a mere transactional function to a strategic one. Procurement is no longer just about purchasing goods and services at the lowest cost. Another crucial aspect of our innovative approach is data.

Innovation 52

Innovation Strategy Procurement Management 52

Empowering CPO

JUNE 14, 2023

It is a strategic process that involves identifying business needs, sourcing suppliers, negotiating contracts, managing supplier relationships, and ensuring the timely delivery of high-quality products or services.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

ivalua

MARCH 9, 2023

Upstream covers all the strategic procurement activities such as spend analysis, sourcing, contract management and supplier management (which includes supplier information, risk and performance management). Purchasing is also where value is captured (i.e., Purchasing is also where value is captured (i.e.,

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Sourcing Real-time Visibility e2e supply chain software solutions 130

ivalua

FEBRUARY 25, 2021

ERP vs. Best-in-Class for Healthcare Supply Chain Management? Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts.

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supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Una

OCTOBER 25, 2022

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. Procurement professionals are now celebrated for their innovation, creativity, agility, and cost-saving initiatives. Consolidate your supplier lists.

Supply Chain Efficiency 105

Supply Chain Efficiency Procurement Purchase orders Real-time Visibility 105

Planergy

JANUARY 18, 2024

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. 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.

Management 52

Management Procurement Supplier relationship management Real-time Visibility 52

Procurement Software

MARCH 5, 2024

Multi-functional technology enables you to train anywhere at any time, while ever-learning programming allows you to experiment and practice to achieve different outcomes. LavenirAI allows you to train anywhere, any time, so you can stay at the top of your game. These modules can be purchased separately or as one complete suite.

Real-time Visibility 52

Real-time Visibility supply chain software solutions Procurement Supply Chain Efficiency 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. Improved data accuracy: Digital systems reduce the risk of human errors, ensuring accurate data for better decision-making.

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Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Procurement Software

FEBRUARY 6, 2024

It generates insights on bottlenecks, variants, and cycle times to drive process improvements. The solution also includes ready-made dashboards, KPIs, and intuitive case management to uncover and act on opportunities quickly. Workfellow offers a next-generation end-to-end visibility into workflows, systems usage, and tasks.

Procurement 52

Procurement supply chain software solutions Supply Chain Efficiency Negotiation 52

Pipefy

NOVEMBER 24, 2023

In fact, 98% have plans for investments or upgrades in analytics and insights tools, automation, and AI-driven optimization of purchasing decisions. Pure platforms only handle procurement processes and are primarily used by large companies with a dedicated purchasing team that manages complex processes.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency e2e 52

Procurement Software

FEBRUARY 20, 2024

Feature highlights include: Easy to use five-category classifications, best in class enterprise taxonomy, the ability to gain insights from trend analysis and organisation behaviours, 100% spend visibility and proprietary machine learning algorithms designed to deliver accuracy. M&A) The solution gives you full spend visibility.

Supply Chain Efficiency 59

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

Positive Purchasing

MAY 9, 2023

It would also warn of supply chain impact as a result of geopolitical or natural catastrophe events. Finally, we formulated the best possible solution to serve the identified needs of the procurement community that our allocated (and finite) budget would support. Explore areas that allow you to extract real value.

Procurement 52

Procurement Buyers Real-time Visibility supply chain budgeting 52

Una

OCTOBER 17, 2023

EPISODE 137 Using Visibility to Combat Supply Chain Abstraction with Frank Kenney By Kelly Barner | October 18, 2023 In the race to build global empires of data and digital systems, today’s businesses must not risk forgetting what all of those zeroes and ones mean.

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supply chain budgeting Real-time Visibility Supply Chain Efficiency Supply chain 81