Arkestro

MARCH 27, 2024

Regardless of industry, procurement buyers fulfill their role by finding the best suppliers, negotiating contracts, and identifying the most cost-effective, timely procurement of goods. The best procurement buyers have a solid understanding of market trends, supplier performance, and ethical sourcing.

Buyers 52

Buyers Supply Chain Efficiency supply chain budgeting Procurement 52

Empowering CPO

JULY 17, 2023

Procurement teams are often confronted with issues such as maintaining cost control and visibility over spending, managing relationships with a diverse range of suppliers, staying compliant with a myriad of regulations, mitigating risks in the supply chain, and leveraging new technologies effectively. The result?

Procurement 52

Procurement Supply Chain Efficiency Real-time Visibility Supply Chain Optimization 52

Empowering CPO

JULY 17, 2023

Procurement teams are often confronted with issues such as maintaining cost control and visibility over spending, managing relationships with a diverse range of suppliers, staying compliant with a myriad of regulations, mitigating risks in the supply chain, and leveraging new technologies effectively. The result?

Procurement 40

Procurement Management Supply Chain Efficiency Real-time Visibility 40

Empowering CPO

JUNE 30, 2023

Introduction Have you ever wondered how much time, effort, and money your company spends on procurement? With today’s increasing business complexity and the pressure to do more with less, it’s time to explore how managed procurement services can transform your business. Allow us to introduce ourselves.

Management 40

Management Procurement Real-time Visibility Supply Chain Efficiency 40

Procurement Software

APRIL 18, 2023

These negotiations take place in real time, with all prospective suppliers at once. This saves buyers not only money, but hours of conversation time. This involves suppliers competing in sequential bidding. This back and forth is very time-consuming. This not only saves time and human resources.

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

Planergy

MAY 25, 2023

Along with managing accounts payable, proper spend management should include finding the right vendors and suppliers, negotiating payment terms and discounts, setting spending limits, managing the full procure-to-pay process, and automating invoice processing with AP automation.

Spend management 52

Spend management Management Purchase orders Budget 52

Empowering CPO

JUNE 20, 2023

At the heart of our services is the promise of ‘Empowering Chief Procurement Officers’ We understand the challenges that CPOs face in driving cost savings, ensuring supplier performance, and managing procurement risks. Similarly, supplier relationship management (SRM) strategies can be enhanced by tail spend analysis.

Real-time Visibility 40

Real-time Visibility supply chain budgeting Spend management Risk 40

Empowering CPO

JULY 2, 2023

This involves everything from identifying requirements and sourcing suppliers to negotiating contracts, placing orders, and managing supplier relationships. In essence, it’s a critical business function that ensures the right goods and services are available at the right time, in the right quantities, at the right price.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Empowering CPO

JUNE 14, 2023

It’s a strategic function that involves understanding market trends, analyzing suppliers, negotiating contracts, and managing relationships, among other tasks. These models are often accompanied by practices such as annual rate contracts, bulk buying, and just-in-time purchasing. But, it’s far more than just buying.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Empowering CPO

MAY 15, 2023

It’s the art of sourcing, negotiating, and purchasing, all while maintaining a keen eye on quality and cost. But in recent times, this function has evolved far beyond the simple act of purchasing. When a company commits to buying large quantities from a supplier, it often gets a better per-unit price.

Procurement 52

Procurement Innovation Quality Cost of ownership 52

Empowering CPO

JUNE 16, 2023

Improve Supplier Negotiation: With a clear understanding of spending patterns, companies can negotiate better contracts and payment terms with suppliers. Data Cleansing: Once the data is collected, it’s time for a thorough cleaning. We don’t believe in one-size-fits-all solutions.

Procurement 40

Procurement Data Real-time Visibility Procurement strategies 40

ivalua

MARCH 9, 2023

Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. ​ S2P is the end-to-end process that encompasses all the activities between an organization and its suppliers. Supplier on-boarding time: S2P can significantly reduce the time it takes to on-board new suppliers.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

Pipefy

JANUARY 9, 2024

Request management and how to enhance efficiency and response times through centralized request handling in IT and HR. Procurement process optimization to achieve cost savings and better supplier relationships with digital solutions. Reducing shipping errors and improving customer satisfaction with automated verification and tracking.

Real-time Visibility 52

Real-time Visibility Contract management Contract Management 52

Empowering CPO

JUNE 27, 2023

Real-world success stories and case studies illustrating the significant impact of spend analysis on achieving tangible cost savings and procurement optimization. Supplier Performance Analysis: We analyze supplier performance metrics, including delivery timeliness, quality, pricing, and compliance.

Procurement 52

Procurement Supply Chain Optimization Real-time Visibility Procurement strategies 52

Pipefy

FEBRUARY 13, 2023

Procurement is the process businesses use to source and obtain goods/services from external suppliers to achieve strategic objectives and fulfill business needs or purchase requests. In this stage of the process, multiple departments collaborate to address capability requirements, design, technology, and, most importantly, time and cost.

Real-time Visibility 52

Real-time Visibility e2e Procurement Bidding 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

Procurement Software

FEBRUARY 6, 2024

It generates insights on bottlenecks, variants, and cycle times to drive process improvements. Workfellow offers a next-generation end-to-end visibility into workflows, systems usage, and tasks. It aims to deliver a one truth approach, bringing real transparency to your costs and savings.

Procurement 52

Procurement supply chain software solutions Supply Chain Efficiency Negotiation 52

Empowering CPO

JUNE 27, 2023

The primary purpose of spend analysis is to provide visibility into an organization’s spending patterns, supplier relationships, and procurement performance, enabling informed decision-making and strategic improvements.

Supplier relationship management 52

Supplier relationship management Suppliers Management Negotiation 52

Una

SEPTEMBER 22, 2022

It’s impossible to have the most current or newest application implemented at all times. Lack of visibility into spend and contract data also contribute to the difficulty of managing IT spend. Collect and analyze spend information to make better IT decisions that are supported by real-time data and meet your organization's needs.

Procurement 98

Procurement Real-time Visibility Contract Purchasing 98

Empowering CPO

JUNE 25, 2023

They were time-consuming, error-prone, and lacked the sophistication to handle large volumes of data or complex analyses. Over time, these tools evolved into standalone software applications that automated data collection and provided basic analytical capabilities.

Procurement 52

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

Empowering CPO

JUNE 14, 2023

These tasks might include sourcing suppliers, negotiating prices, managing supplier relationships, overseeing contracts, and more. Now that we’ve laid the groundwork, it’s time to explore the potential benefits and drawbacks of procurement outsourcing and the decision-making factors that can guide your journey.

Procurement 52

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

Empowering CPO

MAY 4, 2023

By effectively managing the purchasing process, companies can better control their expenditures and optimize their supply chain, ensuring the availability of the right products and services at the right time. Greater transparency: Real-time tracking of procurement activities allows for better monitoring and control of the entire process.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Pipefy

JUNE 15, 2023

These solutions also save money on sourcing , which is the process of identifying and assessing suppliers. Negotiating with suppliers ensures that a customer receives the best value for the goods and services it receives, since this process often involves suppliers bidding against each other.

Procurement 52

Procurement supply chain software solutions Purchase orders Procurement solutions 52