Procurement Insights

DECEMBER 30, 2023

Check out the article Procurement’s Most Wanted List: Who Are The Next Gen Rebels? So, what I mean by that is creativity and adaptation, problem-solving depending on the stakeholder, how they define value, and getting proper purchasing channels in place based on what people are trying to get accomplished and how for their core business.

Procurement 82

Procurement Supply Chain Efficiency Risk Innovation 82

IBM Supply Chain Blog

APRIL 18, 2024

This is the potential of artificial general intelligence (AGI), a hypothetical technology that may be poised to revolutionize nearly every aspect of human life and work. This is the potential of artificial general intelligence (AGI), a hypothetical technology that may be poised to revolutionize nearly every aspect of human life and work.

Data 87

Data Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 87

Planergy

DECEMBER 12, 2023

How to gain visibility and control of your indirect spend. How to report and analyze indirect spend to identify savings opportunities. How to report and analyze indirect spend to identify savings opportunities. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend.

Budget 52

Budget Strategic planning Real-time Visibility Purchasing 52

Una

DECEMBER 14, 2022

Market Basket and Sample Food Cost Analysis. Much like everything else this year, food costs have risen significantly. Much like everything else this year, food costs have risen significantly. How to lock in discounted food prices. Food Cost Reduction Program. Cost Analysis This is where we can show real value.

Price 98

Price Supply Chain Efficiency Purchasing Contract 98

Una

SEPTEMBER 27, 2022

Five Ways to Save on Your Company’s IT Costs. How to Save on IT Costs. Information technology costs begin with corporate strategy and where the business wants to head. When those things happen, do you adjust your IT plan to accommodate such an occurrence? If not, ADJUST! . It’s that time again.

Budget 97

Budget Inventory Contract Purchasing 97

SCMDOJO

MARCH 8, 2024

But it’s not just about being present on these channels; it’s about understanding how to make them work for you. In this article, we will delve into the strategies and tactics you need to employ to maximize your reach and revenue through these channels. It’s time to unlock the power of distribution channels.

Distribution channels 65

Distribution channels Strategy Logistics Management 65

Una

APRIL 11, 2023

Advantages and Disadvantages of ERP Systems Discover the advantages and disadvantages of utilizing ERP systems to drive efficiencies and cost savings in procurement. These customizable application suites allow businesses to integrate and manage their most important divisions, departments, processes, and functions from one platform.

supply chain software solutions 98

supply chain software solutions Real-time Visibility Supply Chain Efficiency Raw materials 98

Una

JANUARY 1, 2024

Leverage technology. Resources to help: How to Improve Procurement Efficiency 5 Essential Technology Solutions for Businesses Tips for Building an Effective Procurement Data Strategy 29 Questions To Ask In A Voice Of Supplier Survey 2. By Hugo Britt | January 2, 2024 Search Search It’s the start of a brand new year!

Procurement 52

Procurement supply chain software solutions Contract Suppliers 52

Una

SEPTEMBER 26, 2023

How to Repair Damaged Supplier Relationships Learn how to repair damaged supplier relationships by using communication, trust-building, and negotiation tactics to get back on track. While it may not involve Ross and Rachel, the dynamics at play bear a striking resemblance. Ok, that’s probably enough Friends references for now!

Suppliers 52

Suppliers Supply Chain Efficiency Negotiation Supply chain 52

Spend Matters

NOVEMBER 6, 2023

Technological progress has revolutionized the business world, transforming industries and redefining work. For procurement professionals and solution providers, understanding the evolution of technology and its impact is crucial for staying competitive in the ever-changing market.

Procurement 112

Procurement Data Collaboration Purchasing 112

Una

NOVEMBER 1, 2022

Procurement professionals are abandoning traditional sourcing practices in favor of more responsive strategies to supply chain management in pursuit of more significant cost savings and organizational efficiencies. Looking beyond cost. And, like Milton, their red staplers are coming with them. Strategic sourcing is similar.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

SCMDOJO

DECEMBER 18, 2023

In the world of manufacturing and maintenance, effective spare parts management is essential for maximizing equipment uptime and reducing costs. Making sure the correct spare parts are easily accessible when needed can greatly boost profits and how well it operates. Ready to enhance your spare parts management?

Supply Chain Efficiency 63

Supply Chain Efficiency Inventory control Management supply chain budgeting 63

Una

OCTOBER 25, 2022

How to Market Procurement's Value Beyond Cost Savings. Because it’s a highly effective way of expanding the organization’s understanding of the value procurement can bring beyond cost savings. How to surprise and delight the customer in procurement. How do we build this relationship and demonstrate the value?”

Contract 96

Contract Purchasing Procurement Negotiation 96

Una

AUGUST 21, 2023

The Human Factor in Strategic Sourcing How to allow for the human factor in strategic sourcing to drive the success of procurement process optimization and cost efficiency efforts. Strategic sourcing in procurement would be so easy if people weren’t involved! The human factor in strategic sourcing But it’s never that simple.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Ethics 52

Pipefy

DECEMBER 28, 2023

Understanding how this metric works is key to enhancing productivity, reducing costs, and delivering higher-quality products and services to customers. In this article, we’ll explore the idea behind the PCE concept, how it is calculated, ways to improve it, and factors that influence the metric.

Real-time Visibility 52

Real-time Visibility Influencing Quality Data 52

The Thomas Blog

FEBRUARY 13, 2024

This article will explore eight KPIs that can be applied to deliver optimization of lead-generation assessment. This equips organizations to assess how frequently they engage with their target audience in creating opportunities for lead generation. A higher number of recorded sessions points to an active and dynamic marketing strategy.

Management 52

Management Budget Strategy Quality 52

Una

SEPTEMBER 13, 2022

Whatever the reason, category managers need to keep their fingers on the pulse of enterprise strategy, think about how any changes relate to their category management , and take action to stay relevant. How achievable are the goals identified in your category strategy? Monitor performance and adjust course when necessary.

Strategy 98

Strategy Category management Risk Purchasing 98

Planergy

OCTOBER 18, 2023

How to gain visibility and control of your indirect spend. How to report and analyze indirect spend to identify savings opportunities. How to report and analyze indirect spend to identify savings opportunities. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend.

Risk 52

Risk Real-time Visibility Negotiation Management 52

Supply Chain Game Changer

APRIL 11, 2021

Cryptocurrency facts article and permission to publish here provided by Jean Nichols. Placed cryptocurrencies are online-only digital assets that use peer-to-peer technology to function. On the other side, Blockchain is a continuously evolving series of cryptographic ledgers that are all connected and widely spread by many users.

Networking 66

Networking Quantity Buyers Supply chain 66

Supply Chain Game Changer

OCTOBER 7, 2021

Outsourcing logistics article and permission to publish here provided by Eisele Candace. This article discusses how a company can outsource major logistics services while maintaining control of the process. How Can Outsourcing Supply Chain Activities Help Companies? Subscribe to Supply Chain Game Changer.

Logistics 77

Logistics Supply Chain Efficiency Supply Chain Optimization Supply chain 77

SCMDOJO

DECEMBER 14, 2023

Knowing how crucial time is for keeping customers happy and influencing what they buy, it’s clear that handling lead time (which means the time it takes to get things ready) is not just needed for business, but it also gives an edge in today’s competitive and complex economy.

Agile and Lean Supply Chain 75

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization Real-time Visibility 75

Empowering CPO

JULY 5, 2023

Introduction Welcome to our exploration of a fascinating convergence shaping the future of business operations: the intersection of technology and managed procurement services. As we navigate an increasingly digital world, we continuously innovate our service delivery by harnessing the latest advancements in technology.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Real-time Visibility 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. Cost savings: Digital procurement systems can help identify opportunities for cost reduction, enabling businesses to optimize their spending.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

IBM Supply Chain Blog

JUNE 23, 2023

Insurers are also struggling with high, mostly fixed costs and the complexities of maintaining legacy systems, which makes current variable cost-based alternatives more attractive. Insurers want to shift from fixed to variable, “pay-as-you-go” operating costs.

Data 59

Data Innovation Contract Management 59

Supply Chain Game Changer

AUGUST 6, 2020

Digital Twinning article and permission to publish here provided by Jenis Sheth. This Digital Twinning of Supply Chains article focuses on transformative ideation of transport & logistics value chains. The mass adoption of digital emerging technologies influences the operations of companies’ logistics and supply chain management.

Supply Chain Optimization 78

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 78

Planergy

JULY 5, 2022

How to gain visibility and control of your indirect spend. How to report and analyze indirect spend to identify savings opportunities. How to report and analyze indirect spend to identify savings opportunities. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend.

Sustainability 52

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

The Procuretech Podcast

APRIL 19, 2022

Dr. Elouise Epstein is Partner at Kearney in San Francisco and author of the book Trade Wars, Pandemics and Chaos: How Digital Procurement Enables Business Success in a Disordered World. We have an informal and very open discussion about procurement technology's past, present and what direction the future trends are moving in this space.

Innovation 52

Innovation Procurement Category management Price 52

Supply Chain Game Changer

AUGUST 1, 2019

Article originally published by, and permission to publish here provided by, Dave Joseph at [link]. Today’s supply chains are evolving at a phenomenal rate. Each rendition of the next-generation warehouse will build on existing technologies, and these improvements have a common denominator. Subscribe Here! Email Address.

Data 52

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

ivalua

NOVEMBER 8, 2019

This article focuses on outsourcing, which offers more flexible solutions, has been on the rise to supply enterprises with external talents, leading to how procurement can help challenge the traditional strategy in order to maximize the chances of pairing the right talent with a need. This is where Procurement comes in.

Procurement 100

Procurement Strategy Suppliers Management 100

Supply Chain Game Changer

JANUARY 24, 2019

Article written for Supply Chain Game Changer by Russ Davidson at Software Connect. Manufacturing technology helps power forward the industry into areas it has never been before. Manufacturing technology can also assist you with key issues that come about in your quality control process. Email Address.

supply chain software solutions 56

supply chain software solutions Quality Supply Chain Efficiency Consumer demands 56

Empowering CPO

JUNE 26, 2023

By embracing these trends, businesses can unlock a world of opportunities, drive cost savings, enhance supplier relationships, and ultimately achieve procurement excellence. Let’s explore the growing importance of data in procurement and how it is transforming decision-making processes.

Real-time Visibility 40

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

Supply Chain Trend

DECEMBER 19, 2016

However, S&OP has not yet substantially delivered on its ultimate promise of enterprise wide resource management, rolling financial forecasting and strategy deployment. These leaders all have 20+ years S&OP experience and published books, whitepapers and articles in renowned magazines. Where to go from here for S&OP?

supply chain software solutions 60

supply chain software solutions supply chain budgeting Innovation Budget 60

Supply Chain Game Changer

NOVEMBER 15, 2018

Article created and originally published by, and permission to publish here provided by, “SK” Sanjeev Kumar Roy. What are Bots and how will they evolve in the future ? What are “Chat-Bots” and how do they differ from RPA Bots ? Subscribe Here! Email Address. Check out What Exactly Is Procurement?

Procurement 47

Procurement supply chain software solutions supply chain budgeting Purchasing 47

Supply Chain Game Changer

NOVEMBER 24, 2018

First, a “Prime Objective” of the Shasta EDC is job growth in the manufacturing and technology sectors. However, from time to time there are talent gaps that emerge and technologies that force us to rethink our approaches to business. By Tony Giovaniello, President, Economic Development Corporation (EDC) of Shasta County. Background.

Collaboration 43

Collaboration Agile and Lean Supply Chain Raw materials Data 43

Supply Chain Game Changer

FEBRUARY 9, 2022

Once treated as an “add-on” to full-time commitments, project management has evolved into a separate area with its theoretical background and methods. How do maintain order, maintain control and bring things to an end in the labyrinth of many projects that are being implemented at the same time? Subscribe Here! Email Address.

Project management 80

Project management supply chain software solutions Management supply chain budgeting 80

Supply Chain Game Changer

NOVEMBER 14, 2018

This article will look at a model for stratifying and segmenting your supply base within the confines of a structured and formal supplier relationship program (SRP). An annual process of planning, evaluation, and feedback is recommended to adjust for changes in business conditions, supplier performance/capability, new suppliers, and more.

Supplier relationship management 44

Supplier relationship management Suppliers Management Agile and Lean Supply Chain 44

IBM Supply Chain Blog

JANUARY 10, 2024

Today’s AI technology has a range of use cases across various industries; businesses use AI to minimize human error, reduce high costs of operations, provide real-time data insights and improve the customer experience, among many other applications. What is artificial intelligence and how does it work?

Data 81

Data Quantity Networking Demand 81