World of Procurement blog

MAY 8, 2024

Its strategic importance stems from its impact on profitability, efficiency, risk mitigation, and competitiveness. Types of Procurement There are several types of procurement that organizations utilize: Direct Procurement Direct procurement involves purchasing raw materials and components that go directly into a company's end products.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Express

DECEMBER 31, 2024

In this article, we’ll go over a few ways to improve the process: education, gaining spend visibility , categorizing spend by supplier or department, etc. Understanding these categories is the first step toward better visibility, smarter procurement processes, and tighter budget control. What’s Behind This Disconnect?

Spend management 40

Spend management Strategy Management Real-time Visibility 40

Procurement Software

JULY 9, 2024

Direct procurement involves acquiring raw materials and components essential for your production process. Standardised procurement software suites often cater to source-to-pay (S2P) and source-to-contract (S2C) functions with a strong bias towards use cases in indirect procurement.

Raw materials 40

Raw materials supply chain software solutions Procurement Supply Chain Efficiency 40

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. It promises to assist with improving buyer and supplier collaboration.

Real-time Visibility 52

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

Supply Chain Game Changer

JULY 3, 2019

But, as stakeholders in the future of tomorrow, we also have to be conscious about the necessary steps to realize sustainable impact, for real. So, what are the steps that need to be taken in businesses globally to make real sustainable impact? in this case, responsible sourcing.

Sustainability 58

Sustainability Sourcing Supply Chain Efficiency Real-time Visibility 58

Skill Dynamics

OCTOBER 19, 2023

Their main objective is to ensure that supplier contracts align with the business’s objectives and protect its interests at all times. Include case studies and real-world situations to make the training content relevant and engaging. Strategic planning – vital for matching procurement strategies to overarching organization goals.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 52

Empowering CPO

JUNE 26, 2023

From data-driven decision making to real-time spend visibility, predictive analytics, supplier collaboration, intelligent automation, and data security, we will explore each trend in depth, shedding light on their significance and potential impact on businesses.

Real-time Visibility 40

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

Empowering CPO

JUNE 21, 2023

It’s about automating tedious tasks, enhancing data visibility, and providing more profound, actionable insights. Additionally, the sheer volume of transactions that large businesses dealt with on a daily basis made manual Spend Analysis highly time-consuming and inefficient.

Real-time Visibility 52

Real-time Visibility Data Procurement Strategic sourcing 52

Planergy

JULY 5, 2022

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. Procurement experts have been familiar with using a clean sheet analysis of components in raw material cost. Download Free Copy.

Sustainability 52

Sustainability Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 52

Empowering CPO

JUNE 30, 2023

As a leading provider of procurement intelligence services, our mission is to empower Chief Procurement Officers (CPOs) and their teams with insightful, actionable data that drives strategic decision-making. It involves everything from sourcing and procurement to production, distribution, and logistics. Let’s break it down.

Supply Chain Optimization 52

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

Empowering CPO

JUNE 25, 2023

Procurement, in its simplest form, is the process by which businesses acquire the goods, services, or works they need from external sources. Through tools like spend analysis, businesses can gain in-depth insights into their spending patterns, identify cost-saving opportunities, and drive strategic sourcing.

Procurement 52

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

Empowering CPO

JUNE 14, 2023

Over time, as trust in outsourcing partners grew and the benefits became clearer, companies began to outsource direct procurement activities as well, including raw materials and components essential to their end products. Co-sourcing: This model is a hybrid approach where some tasks are outsourced, and some are kept in-house.

Procurement 52

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

Planergy

JANUARY 26, 2023

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. Always have another supplier for any mission-critical raw materials in case there are issues of any kind with your primary suppliers.

supply chain software solutions 52

supply chain software solutions Risk supply chain budgeting Supply Chain Efficiency 52

Jaggaer

JANUARY 23, 2025

US tariffs could hardly come at a worse time for Europes manufacturing powerhouse! But that would take time. A lot of time. Things do not look so good, however, for developing countries, many of whom are suppliers of raw materials and intermediate goods to EU manufacturers. They have minimal leverage.

Export 52

Export Supply Chain Efficiency Raw materials supply chain budgeting 52