World of Procurement blog

APRIL 23, 2024

Electronic Procurement (e-Procurement) Systems Electronic procurement platforms streamline the purchasing process by allowing businesses to automate operations such as order placement, invoicing, and payment processing. Spend analysis enables informed decision-making and strategic sourcing.

Supply Chain Efficiency 52

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

World of Procurement blog

APRIL 23, 2024

Electronic Procurement (e-Procurement) Systems Electronic procurement platforms streamline the purchasing process by allowing businesses to automate operations such as order placement, invoicing, and payment processing. Spend analysis enables informed decision-making and strategic sourcing.

Supply Chain Efficiency 52

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

World of Procurement blog

APRIL 23, 2024

Leverage Technology and Automation Adopting procurement software and technologies can significantly streamline processes, from e-sourcing to electronic payment systems. Implement Strategic Sourcing Strategic sourcing involves a methodical approach to finding, selecting, and managing suppliers.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement Strategic sourcing 52

World of Procurement blog

APRIL 23, 2024

Leverage Technology and Automation Adopting procurement software and technologies can significantly streamline processes, from e-sourcing to electronic payment systems. Implement Strategic Sourcing Strategic sourcing involves a methodical approach to finding, selecting, and managing suppliers.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement Strategic sourcing 52

Procurement Tactics

JUNE 28, 2023

By the end of this article, you will have an idea of the importance of procurement tracking in your business and which procurement tracking software you would want to utilize. Purchase Orders Purchase orders are where the monitoring of the creation and approval of purchase orders comes in. What is Procurement Tracking?

Supply Chain Efficiency 178

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

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 97

Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 97

Una

NOVEMBER 29, 2023

But with a group purchasing organization working behind the scenes to save you money, time, and effort, there’s a golden opportunity to put your valuable time to better use. Risk management Spend time assessing and mitigating procurement risks , such as supply chain disruptions, geopolitical issues, and changes in regulations.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supplier relationship management Strategic sourcing 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. Additional procurement software includes spend analytics tools and supplier relationship management (SRM) software.

Procurement strategies 70

Procurement strategies Strategy Procurement Supply Chain Efficiency 70

Spend Matters

APRIL 4, 2024

Pere Sivecas , Spend Matters Development PM and Software Architect, has compiled a four-part video series that covers the basics you need to know, the first two of which are free while parts three and four require a basic Insider subscription.

Procurement 82

Procurement Risk management Raw materials supply chain software solutions 82

Supply Chain Opz

JUNE 1, 2014

Professionals in supply chain management use various methods to identify best practices to improve the operations. In order to accelerate the learning, this article has gathered 20+ most sought-after supply chain case studies, analyzed/categorized them by industry and the findings are presented.

Agile and Lean Supply Chain 95

Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Supply chain 95

Solvoyo

JANUARY 3, 2020

The supply chain world is just discovering the digital twin concept and we are nowhere close to the level of detail and sophistication of these decades-old examples. However, I also believe that the old-fashioned digital representation of a supply chain with nodes and arcs is like drawing a stick figure.

Supply Chain Optimization 40

Supply Chain Optimization supply chain software solutions Supply chain Supply 40

SCMDOJO

JULY 3, 2023

Choose between a broad overview of procurement and a focused course that focuses on certain topics like strategic sourcing, contract management, or supplier relationship management. What is procurement and purchasing Lesson 2. Procurement and Purchasing Cycle Lesson 7. Trends and tendencies in procurement Lesson 3.

Cost of ownership 78

Cost of ownership Procurement Category management supply chain software solutions 78

Strategic Sourceror

JANUARY 13, 2023

How will it address business owners' supply chain challenges? Surge in robots-as-a-service usage Robots as a service, or RaaS, refers to the delivery of robotic solutions on a subscription or pay-per-use basis. Here are a few predictions: 1. Why has the labor shortage persisted as long as it has?

supply chain software solutions 62

supply chain software solutions Supply Chain Efficiency Strategic sourcing Strategic sourcing 62

Arkestro

SEPTEMBER 29, 2023

The software works with real-time and historical data, including user preferences, past buys, supplier performance, and market trends. Systems use this data to automate routine procurement tasks and make informed decisions about sourcing, pricing, and supplier relationships.

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement Supply Chain Optimization 52

Pipefy

DECEMBER 20, 2023

Strategic procurement, or procurement strategic planning, is a data-driven process that helps businesses align procurement and business goals. The result is greater supply chain predictability, more accurate decision-making, and better business agility. What is strategic procurement?

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Strategic planning 52

Pipefy

JANUARY 11, 2023

This shift has become necessary as procurement departments are tasked by management with new strategic duties. Procurement teams are now responsible for driving value, achieving sustainable results, and helping businesses maintain their competitive edge despite market shifts and supply chain disruptions. Present the ROI.

Strategy 52

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

Una

JANUARY 1, 2024

There are dozens of excellent survey software alternatives on the market, ranging from webpage pop-ups to app-based mobile surveys and plug-ins for platforms like Slack and Teams. Identify your serial mavericks – those who consistently purchase without following procurement policy – and approach them for a chat. Leverage technology.

Procurement 52

Procurement supply chain software solutions Contract Suppliers 52

Procurement Software

MARCH 19, 2024

It will take time before we have dedicated generative AI-driven procurement software. Spend Analytics As we showed in the example above, spend analytics can get a boost from using generative AI to assist with classification and taxonomy of free text purchase orders and vague descriptions. Let’s look at each one separately.

Procurement 52

Procurement Category management supply chain software solutions Data 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. However, failing to strategically measure purchasing performance can have significant impacts.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

Strategic Sourceror

JULY 11, 2022

Organizations that have utilized traditional procure-to-pay (P2P) solutions are experiencing the need to monitor spend efficiency more closely. The same holds true for businesses that have deployed a combination of disparate systems, alongside enterprise resource planning (ERP) software. Learn more about how Corcentric can help you.

e2e 52

e2e supply chain budgeting supply chain software solutions Strategic sourcing 52

Planergy

MARCH 2, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The process of tail spend analysis involves analyzing data from various sources, including supplier invoices, purchase orders, contracts, and other financial documents. This can make it difficult to track and manage.

supply chain budgeting 52

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

Procurement Tactics

MAY 24, 2023

Strategic sourcing managers and procurement managers are typically responsible for managing supplier scorecards. For example, you can ask a department head to provide feedback and scores for a software service used by their team. However, input may be requested from stakeholders in other areas of the business.

Supply Chain Efficiency 186

Supply Chain Efficiency Vendor management Negotiation Quality 186

Una

JANUARY 8, 2024

Boosting Business Growth With the Help of a Group Purchasing Organization A playbook for boosting business growth, moving beyond the outdated perceptions of procurement, and turning it into one of your organization’s most important sources of value. The real hero understands that the story doesn’t end with the purchase.

supply chain budgeting 52

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

Empowering CPO

JULY 17, 2023

It’s the complex process through which businesses source and acquire the goods and services they need to operate and grow. From securing raw materials to procuring top-tier services, these purchases directly impact a company’s efficiency, productivity, and bottom line.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Supply Chain Optimization 52

Strategic Sourceror

SEPTEMBER 16, 2022

Having a home for merchandise applies both to inventory that has yet to be sold as well as what's available for purchase and out on the floor. Product lifecycle management software and enterprise resource management software often feature location tracing solutions. Brought to you by the StrategicSourceror.

Inventory control 57

Inventory control Inventory supply chain software solutions Strategic sourcing 57

Supply Chain Game Changer

NOVEMBER 12, 2019

Subscribe to Supply Chain Game Changer. What is the Digital Supply Chain? At Supply Chain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. How has Business and Supply Chain changed over the course of your career?

Leadership 42

Leadership supply chain software solutions Supply chain Purchase orders 42

Procurement Software

MARCH 12, 2024

It will also be able to assist in monitoring supply chain disruptions by being able to quickly summarise foreign language news sources and weather reports. Applying that same curious and can-do mindset can also drive efficiency gains in the daily grind of the average front line strategic procurement role.

Procurement 52

Procurement Category management supply chain software solutions Data 52

Planergy

SEPTEMBER 5, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. We will also look at how spend management software , like Planergy, can help keep track of expenses and control spending within budget limits. How to gain visibility and control of your indirect spend.

supply chain budgeting 92

supply chain budgeting Budget Real-time Visibility Spend management 92

Arkestro

MARCH 13, 2023

Automotive sourcing is complicated, and few supply chains are as complex. Sourcing professionals using traditional systems spend much of their time manually completing tasks such as data entry and logging. At our previous Optimal conference, Jeoffrey Burris, owner of Advanced Purchasing Dynamics, Inc.,

Sourcing 52

Sourcing Strategy Raw materials Supply Chain Optimization 52

Supply Chain Game Changer

SEPTEMBER 28, 2022

Subscribe to Supply Chain Game Changer. Thus a website is your strategic source of revenue and brand visibility , which are important considerations before redesigning your website. Originally written for Supply Chain Game Changer and published on August 1, 2022. Subscribe Here! Email Address.

Real-time Visibility 85

Real-time Visibility Supply Chain Optimization Supply Chain Efficiency supply chain software solutions 85

Planergy

JANUARY 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Creating Strategic Partnerships. As a procurement professional, you know how important it is to have a reliable and cost-effective supply chain. Both tiers play an essential role in supply chain processes.

Suppliers 52

Suppliers Supply Chain Efficiency Raw materials supply chain budgeting 52

Planergy

JANUARY 19, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Using ABC Analysis: Class A: These purchases account for 80% of your total cost of purchases for 20% of suppliers. Class B: These purchases account for 15% of the total cost of purchases for 30% of suppliers.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

Procurement Software

MARCH 11, 2022

Unlike for those who purchase direct materials, it’s much trickier to measure hard savings – i.e. those which are easily visible on the P&L statement – in the indirect space. Driving value through strategic sourcing and supplier collaboration. Great for repeatable purchases.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Procurement Software

MARCH 11, 2022

Unlike for those who purchase direct materials, it’s much trickier to measure hard savings – i.e. those which are easily visible on the P&L statement – in the indirect space. Driving value through strategic sourcing and supplier collaboration. Great for repeatable purchases.

Procurement 52

Procurement supply chain budgeting Price Negotiation 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 typical characteristics of tail spend are poor spend data and a relatively low value per purchase order. 2) Uncontrolled purchases. This usually depends on what’s being purchased.

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 typical characteristics of tail spend are poor spend data and a relatively low value per purchase order. 2) Uncontrolled purchases. This usually depends on what’s being purchased.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Supply Chain Game Changer

FEBRUARY 12, 2019

Imagining the Supply Chain of the Future! At Supply Chain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. As such we have introduced our “Seasoned Leadership in Action™” Interview series at Supply Chain Game Changer.

Leadership 50

Leadership Supply Chain Efficiency supply chain software solutions Supply chain 50