Arkestro

APRIL 23, 2024

Resources / Blog / Embracing AI and Predictive Procurement to Overcome Industry Challenges Embracing AI and Predictive Procurement to Overcome Industry Challenges Today’s procurement teams are faced with a host of challenges: Managing more spend with fewer headcount. Enhancing supplier performance.

Procurement 52

Procurement Procurement team Quality Demand Planning 52

Procurement Tactics

MAY 9, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Invoice Reconciliation — Everything You Should Know Invoice reconciliation can help businesses in fixing issues regarding payments. We will tell you how important it is in your procurement process.

Purchase orders 182

Purchase orders Negotiation Purchasing Procurement strategies 182

Procurement Tactics

JULY 19, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. ChatGPT & AI Use ChatGPT to automate procurement processes 5. Additionally, we will tell you some tips on improving your warehouse management.

Supply Chain Optimization 170

Supply Chain Optimization Supply Chain Efficiency supply chain software solutions Supply chain 170

Spend Matters

DECEMBER 19, 2022

Categories: Cost Management , Procurement Systems & Architecture , Technology Tags: PRO In this Spend Matters PRO Vendor Analysis, we give an update on What’s The Price (WTP), a solution built to quickly provide procurement professionals with insights into the costs and prices of any product or commodity. Read more. ).

Price 83

Price Raw materials Management Buyers 83

Spend Matters

JANUARY 4, 2023

Categories: Procurement Systems & Architecture Tags: PRO In this Spend Matters PRO Vendor Analysis, we give an overview of Makersite, a Design-for-Supply (DFS) solution that enables customers to understand the underlying tradeoffs and options between cost, sustainability and risk linked to the design of their products. Read more. ).

Supply Chain Optimization 77

Supply Chain Optimization Supply Procurement team Sustainability 77

Procurement Tactics

JUNE 26, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Top 10 US Dropshipping Suppliers — Pricing & Reviews The US dropshipping market reached an estimated amount of $15.64 Here are the top 3 tips: 1. He was awesome! National Dropshippers [link] Joe J.

Price 195

Price Suppliers Negotiation Real-time Visibility 195

Spend Matters

AUGUST 24, 2022

Categories: Analytics , Procurement Systems & Architecture , Solution Providers , Technology Tags: PRO In this Spend Matters PRO Vendor Analysis, we give an overview of Aera Technology, a solution built to improve supply chain decision-making processes at the heart of modern organizations. Read more. ).

Buyers 77

Buyers Supply chain Procurement Suppliers 77

Spend Matters

MARCH 15, 2023

Categories: Accounts Payable , P2P , Procurement Systems & Architecture Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of Planergy and its P2P solution. It has been interesting to watch the evolution of IT procurement for SME and MM over the last few years. Read more. )

Procurement solutions 85

Procurement solutions Buyers Purchasing Procurement 85

Procurement Tactics

JANUARY 4, 2023

33 Procurement Interview Questions in 2023. Best Legal Procurement Practices for Successful Workflow. Effective procurement process management will lead to a successful procurement cycle. Here are some of the best procurement policies and procedures that will get your business on the right track. Due Diligence.

Procurement 195

Procurement Contract Negotiation Quality 195

Spend Matters

SEPTEMBER 28, 2022

Categories: Category Management , Procurement Systems & Architecture , Supply Chain , Supply Chain Management , Supply Risk Management Tags: PRO This Spend Matters PRO Vendor Analysis gives an overview of Interos, a supply chain risk management (SCRM) solution built to map and model a live global view of a company’s business ecosystem.

Risk management 85

Risk management Risk Supply chain Management 85

Spend Matters

JUNE 12, 2023

In 2021, Spend Matters included Malbek on the Future 5 list, an annual list that highlights the most impressive procurement technology start-ups. In addition to its quick deployment and self-service configurations/integrations, Malbek has also improved in areas such as AI-based features. Read more. )

Contract 72

Contract Management Contract management Buyers 72

Procurement Tactics

JUNE 13, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter 7 Ways to Reduce Your Business Taxes and Drive Profitability There’s more than one way to increase your business’ profitability. 1) Choose the right business structure.

Negotiation 155

Negotiation Procurement strategies Procurement Sustainability 155

Spend Matters

JULY 14, 2022

Categories: Procurement Systems & Architecture , Professional Services , Solution Providers , Sourcing , Technology Tags: PRO This three-part Spend Matters PRO Vendor Analysis focuses on Efficio’s eFlow, the company's S2C solution. London-based Efficio is the world's largest pure-play procurement and supply chain consultancy (i.e.,

Market analysis 73

Market analysis supply chain budgeting Sustainability Procurement team 73

Supply Chain Collaborator

DECEMBER 19, 2019

TMS Success Tip. Making the decision to engage a new TMS platform is a heavy lift requiring buy-in and sign-off from numerous internal stakeholders beyond the logistics department (Legal, Procurement, IT, C-suite, etc.). Learn How to: Avoid the struggle of gaining capital approval for a full-blown TMS implementation.

Logistics 109

Logistics Data Procurement Collaboration 109

Spend Matters

MAY 24, 2023

Long-term concerns about ESG, GRC and general supplier and risk management are being packaged as TPRM in new solutions that are both opening customers up to wider enterprise markets beyond procurement and allowing companies to have more cross-functional visibility of risk data. Read more. )

Risk management 79

Risk management Risk Management Buyers 79

Spend Matters

AUGUST 30, 2023

Spend Matters constantly updates its understanding of the state of the procurement tech market via RFIs for our SolutionMap dataset, vendor interviews, global event attendance and product demos with the aim of keeping tech-selection decision makers ahead of market trends. McLoughlin, VP Marketing at e-procurement solution provider Simfoni.

Procurement 95

Procurement Supply Chain Efficiency Spend management Sustainability 95

Arkestro

MARCH 27, 2024

Resources / Blog / Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Buyers have always played an important role in the procurement industry, helping organizations obtain goods and maintain a careful balance of speed, cost-efficiency, and quality.

Buyers 52

Buyers Supply Chain Efficiency supply chain budgeting Procurement 52

Una

MAY 2, 2023

When Should My Small Business Create a Procurement Function? Tips for small business owners on how to implement a procurement function as your organization scales – and before it’s too late. Because in our experience, small business owners inevitably reach for the procurement lever waaaaay too late.

supply chain software solutions 78

supply chain software solutions Procurement Risk Sourcing 78

Spend Matters

NOVEMBER 21, 2023

Fairmarkit has pioneered high-volume tail spend sourcing (think ‘mid tail’ rather than just ‘tip of the tail’) in its go-to-market approach towards guided sourcing and autonomous sourcing. million savings per FTE per year, which at $150,000 fully-loaded is a ‘Procurement ROI’ of 50X (typical ROI for the function overall is about 5-10X).

Strategy 90

Strategy Bidding Sourcing Stakeholder engagement 90

Spend Matters

AUGUST 29, 2022

Categories: Analytics , Contract Management , Procurement Systems & Architecture , Solution Providers , Technology Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of SimpliContract and its contract lifecycle management solution. Read more. ).

Contract 66

Contract Contract management Buyers Collaboration 66

Una

APRIL 23, 2024

Tips for Building an Effective Procurement Data Strategy Robots in Procurement Supplier selection & risk management Think of machine learning as your trusted advisor when it comes to choosing and monitoring suppliers. Why Do We Need Supply Chain Visibility?

Supply chain management 52

Supply chain management Supply chain management Supply Chain Optimization Supply Chain Efficiency 52

Una

AUGUST 9, 2023

How to Accelerate Savings in Procurement Without Cutting Corners Strategies showing how to accelerate savings in procurement without compromising product quality, integrity, or effectiveness. Speeding up the procurement process is one way to achieve these goals. Your objective? To reach your destination faster than ever before.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

Una

AUGUST 23, 2022

How to Improve Collaboration Between Procurement and IT. How to improve collaboration between the procurement and IT functions. In episode 56 of the Sourcing Hero podcast , Kelly Barner spoke with Barry Rogers, Senior Manager of Strategic Sourcing and Procurement at New Relic, Inc., By Hugo Britt | August 23, 2022.

Collaboration 98

Collaboration Procurement Purchasing Data 98

Barkers Procurement

APRIL 11, 2024

In this thought leadership piece, IT Procurement expert, Mark Elkington reveals top tips on how to negotiate an IT service contract successfully. Mark Elkington Mark has over 35 years’ procurement experience with a profound specialisation in global technology.

Negotiation 52

Negotiation Contract Supplier relationship management Suppliers 52

Una

MARCH 1, 2023

Shifting Procurement's Mindset to Face the Challenges of 2023 and Beyond Advice for shifting procurement’s mindset to face current-day challenges head on and how to continue driving change, solving problems, and creating value amidst adversity. Economic weakness in the U.S. Real GDP growth is expected to slow to 0.3%

Raw materials 97

Raw materials Purchasing Procurement Sourcing 97

Supply Chain Game Changer

JULY 14, 2021

Featuring Our 12 Best Procurement Articles! Procurement and Sustainability are your business’ Yin and Yang. Procurement and Sustainability are two disciplines and business functions that exist in a perfectly harmonious contradiction. Procurement is fundamentally centered around the act of acquisition and/or buying.

Sustainability 98

Sustainability Procurement supply chain budgeting Agile and Lean Supply Chain 98

Arkestro

FEBRUARY 6, 2024

Resources / Blog / How Predictive Procurement Orchestration Helps Unlock Savings in 60 Days How Predictive Procurement Orchestration Helps Unlock Savings in 60 Days What if you could implement a procurement platform that was so easy to use, your team could be up and running after just one hour of training?

Competitive bidding 52

Competitive bidding Procurement Real-time Visibility Supply Chain Efficiency 52

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

Spend Matters

AUGUST 2, 2023

Spend Matters constantly updates its understanding of the state of the procurement tech market via RFIs for our SolutionMap dataset, vendor interviews, global event attendance and product demos with the aim of keeping tech-selection decision makers ahead of market trends. The other big focus is on ease of use.

supply chain budgeting 80

supply chain budgeting Procurement Supply chain Suppliers 80

Strategic Sourceror

OCTOBER 27, 2022

Be more mindful about labels With a quick tug, snip or snap, pricing and branding labels can be easily removable, which make clothing, shoes, handbags and other merchandise seamless to steal with nothing for the security system to flag. In addition to providing them with tips, make it worth their while through employee incentives.

Strategic sourcing 57

Strategic sourcing Strategic sourcing Purchasing Procurement 57

SCMDOJO

MARCH 15, 2023

Read More: The Challenges and Opportunities of Implementing Artificial Intelligence in Procurement ] What is ChatGPT? ChatGPT can also provide shortcuts and tips for everyday Excel tasks, enabling users to navigate and use Excel more efficiently. So, buckle up and let’s dive into the world of ChatGPT for supply chain management!

Supply Chain Optimization 126

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 126

ivalua

NOVEMBER 26, 2019

In my previous posts, I looked at how to successfully launch a digital transformation and progress to best-in-class Procurement. Procurement was tasked with supporting a board level initiative to accelerate innovation and increase margins. The same applies to Procurement. Alex Saric, CMO, Ivalua. That is a shocking disparity.

Procurement 130

Procurement Sourcing Spend management Innovation 130

Una

JULY 12, 2022

As professionals in the procurement and supply chain industries, we’ve realized the importance of expanding our networks, diversifying our sourcing strategies, and reaching out to new potential supplier partners to ensure procurement is able to fulfill its obligations. Internally, companies have had to adjust to changes as well.

Collaboration 98

Collaboration Import Supply Chain Efficiency Sourcing 98

Strategic Sourceror

SEPTEMBER 16, 2022

Here, we'll briefly discuss what inventory control is, how it differs from inventory management and tips for how you can improve your inventory control. Changing world, consumer and economic circumstances have forced product-based industries to restrategize and exercise proper inventory control. What is inventory control?

Inventory control 57

Inventory control Inventory supply chain software solutions Strategic sourcing 57

Zycus Cognitive Procurement

JULY 6, 2022

In this blog post, we’ll explore some tips for getting started. . Understanding the importance of indirect procurement. When management is looking to cut costs, it’s up to the category managers and other procurement professionals. Therefore, mastering indirect spend can be crucial to your company’s success.

Category management 52

Category management Competitive bidding Raw materials Eprocurement 52

Una

JULY 6, 2022

As a true sourcing accelerator , our goal is to become an extension of your procurement team. This guide will break down 10 perks of working with a group purchasing organization and how a GPO like Una strives to be your true partner in procurement. How to Improve the Procurement Process & Increase Cost Savings.

Purchasing 92

Purchasing Category management Real-time Visibility Supply Chain Efficiency 92

Pipefy

DECEMBER 20, 2023

Strategic procurement, or procurement strategic planning, is a data-driven process that helps businesses align procurement and business goals. What is strategic procurement? It also benefits end-to-end procurement management since visibility and transparency are emphasized. Why is strategic procurement important?

Supply Chain Efficiency 52

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