Una

JANUARY 9, 2023

Managing Tail Spend to Avoid "Porcelain Dalmatians". 5 steps to take when managing tail spend to avoid making purchases within an organization that go underutilized or unused. Tail spend refers to an organization’s high-volume, low-value transactions that are typically unmanaged by the procurement team.

Management 97

Management Spend management Purchasing Procurement team 97

Procurement Templates

MARCH 3, 2024

This involves assessing existing resources, capabilities, and any gaps or deficiencies that need to be addressed through procurement. Budget Analysis : Evaluating the available budget and financial resources is crucial to ensure that the procurement activities align with the organization’s financial capabilities.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

IBM Supply Chain Blog

MARCH 27, 2024

One of the more common Scope 3 calculation methodologies that organizations use is the spend-based method, which can be time-consuming and resource intensive to implement. Within USEEIO, goods and services are categorized into 66 spend categories, referred to as commodity classes, based on their common environmental characteristics.

Supply Chain Efficiency 79

Supply Chain Efficiency supply chain software solutions Purchase orders Data 79

Claritum

AUGUST 23, 2019

Claritum Article - Procurement Blog. Indirect spend and supply diversity. Resources. Many medium sized businesses are also looking at diversity in their supply chains, for the reasons explained in this article. Ensuring that any growth in supply volumes is actively managed. 6 Indirect Spend and supply diversity.

Supply 32

Supply Agile and Lean Supply Chain Suppliers Supply chain 32

Claritum

AUGUST 23, 2019

Claritum Article - Procurement Blog. Indirect spend and supply diversity. Resources. Many medium sized businesses are also looking at diversity in their supply chains, for the reasons explained in this article. Ensuring that any growth in supply volumes is actively managed. 6 Indirect Spend and supply diversity.

Supply 36

Supply Agile and Lean Supply Chain Suppliers Contract 36

Una

MARCH 14, 2023

As Investopedia explains, “intrapreneurs may not face the outsized risks or reap the personal rewards of an entrepreneur, but they have access to the resources and capabilities of an established company.” At Una, we help provide a predictable and reliable supply of the external resources needed for functionality.

Procurement 97

Procurement Purchasing Innovation Risk 97

Una

APRIL 15, 2024

In this article, we explore the signs that indicate your supplier might be in financial trouble. Price Volatility: Suppliers in financial distress may struggle to manage their costs effectively, leading to sudden price fluctuations. Payment Issues: Requests for upfront payments or renegotiation of payment terms can be red flags.

Suppliers 52

Suppliers supply chain budgeting Quality Risk 52

Una

DECEMBER 8, 2022

Resources to help: Tips for Building an Effective Procurement Data Strategy. Instead of creating a resolution along the lines of “ eliminating maverick spend ”, how about you hug a maverick instead? Resources to help: 8 Benefits of Reducing Maverick Spend. Slash indirect spend. Hug a maverick.

Procurement 96

Procurement Contract Purchasing Suppliers 96

Una

JANUARY 1, 2024

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. Organizations can combat auto-renewing contracts with IT spend visibility. Second, give Una a call.

Procurement 52

Procurement supply chain software solutions Contract Suppliers 52

Procurement Software

MAY 30, 2023

In many businesses – especially manufacturing companies – the focus has historically been on direct spend. However, there has been a trend happening over the last 10 or so years to incorporate more indirect spend under the management of corporate procurement teams. What is your total vendor count ?

Procurement 52

Procurement Procurement team Purchase orders Contract 52

Planergy

DECEMBER 12, 2023

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend.

Budget 52

Budget Strategic planning Real-time Visibility Purchasing 52

Una

FEBRUARY 27, 2023

This increased competition for talent has driven up procurement salaries, which is welcome news for workers but puts under-resourced, smaller organizations at a hiring disadvantage. Internally, an understaffed procurement team raises the risks of internal fraud, maverick spend , and processes not being followed.

Procurement 97

Procurement Procurement team Purchasing Risk 97

SCMDOJO

MARCH 19, 2024

This article describes a streamlined supply chain department, ultimately leading to increased productivity and profitability. While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc.

Supply Chain Optimization 74

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 74

Arkestro

MAY 9, 2023

Resources / Blog / What CPOs Need to Know About Predictive Procurement Orchestration What CPOs Need to Know About Predictive Procurement Orchestration The vast majority of Chief Procurement Officers (CPOs) believe in the power of procurement data to make better-informed decisions across their organization.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Optimization Procurement team 52

Planergy

MAY 30, 2023

Clients and results More Customers We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy. How to gain visibility and control of your indirect spend. How to gain visibility and control of your indirect spend.

Real-time Visibility 52

Real-time Visibility Management Purchase orders Purchasing 52

Una

APRIL 25, 2023

While it’s easy to dismiss busy workloads as just part of the job, the consequences of not being able to manage one’s time are very real. Poor time management – or lack of time altogether – can lead to missed deadlines, reduced quality of work, and overworked employees who become disengaged or suffer from burnout.

Procurement 94

Procurement supply chain budgeting Supply Chain Efficiency Contract 94

Procurement Software

MARCH 19, 2024

In a recent podcast interview I did with Sam Clive, Head of Product at data analytics platform Rosslyn , we looked at examples they had tested on spend data classification. Sam explains that their spend classification results were historically very highly dependent upon the quality of their customer’s data.

Procurement 52

Procurement Category management supply chain software solutions Data 52

Una

FEBRUARY 22, 2023

In this article, we’ll explore the concept of “low-hanging fruit” in procurement, which strategies require more effort but pay off in the long run, and suggest another option for the day you realize you’re running out of savings ideas. Under pressure to find even more cost savings, it’s time to get creative.

Strategy 52

Strategy Purchasing Supply Chain Efficiency Supplier consolidation 52

Procurify

JULY 21, 2022

Why companies should invest in spend management during a recession. Extending runway, aggressively monitoring costs, and locking down spend are the easiest and quickest ways for organizations to adjust to unexpected downturns. These actions fall into an emerging framework known as spend management.

Spend management 52

Spend management Management Budget Purchase orders 52

Una

AUGUST 9, 2022

In this article, we’ll explore ways to achieve cost reduction in procurement and ensure business continuity in times of economic uncertainty. In the current economic state, it’s understandable that companies are unwilling to spend more money to join new programs. Get new resources weekly! Contact us to learn more. Related Posts.

Purchasing 96

Purchasing Strategy supply chain budgeting Procurement team 96

Supply Chain Game Changer

JUNE 23, 2021

Featuring Our 12 Best Procurement Articles! Competitive bidding results article and permission to publish here provided by James Liang at PowerRFP. For many organizations, senior management are always motivated to invest toward improving sales. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

Competitive bidding 72

Competitive bidding Bidding supply chain software solutions Supply Chain Optimization 72

Supply Chain Game Changer

MARCH 14, 2022

If you’re looking to start or improve your career in the field of supply chain management courses, you might be wondering where to start. Luckily, Business School offers one of the most comprehensive supply chain management programs in the world. Here are some highlights from Business School’s supply chain management program.

Supply chain management 115

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 115

Supply Chain Game Changer

SEPTEMBER 15, 2020

Manage Procurement Spend Like It’s Your Own Business! Specifically in the area of Procurement there has been a history associated with attempts to direct spending toward diversity owned businesses. In this article we’d like to explore the history and state of Supply Diversity. Subscribe Here! Email Address.

Suppliers 81

Suppliers Supply chain Procurement Sustainability 81

Planergy

JANUARY 19, 2023

Clients and results More Customers We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy. How to gain visibility and control of your indirect spend. How to gain visibility and control of your indirect spend.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

Procurement Software

FEBRUARY 28, 2023

For this week’s opinion piece, I’m looking at a recent article from Procurious. It comments on some data that was released by LinkedIn, showing that there are an increasing number of supply chain professionals and procurement managers who are quitting their jobs. Why are Supply Chain and Procurement Managers resigning?

Management 59

Management Procurement supply chain software solutions Supply chain 59

Supply Chain Trend

MAY 17, 2022

“ According to a McKinsey survey, we spend on average 37 percent of our time making decisions , and more than half of this time is thought to be spent ineffectively. For middle management, ineffective decision-making reaches 68 percent. Secondly, the decision squad needs to develop a mindset of speed and responsiveness.

Agile and Lean Supply Chain 97

Agile and Lean Supply Chain supply chain software solutions Supply Chain Efficiency Supply chain 97

Una

APRIL 27, 2023

Sirens wailing, they speed to the scene of the fire only to find that the conflagration has already reached the point where it will be impossible to bring the blaze under control. Most organizations will establish spend thresholds and purchasing guidelines that enable stakeholders to manage tactical or everyday purchases without assistance.

Procurement 98

Procurement Real-time Visibility Purchasing Risk 98

Supply Chain Game Changer

NOVEMBER 17, 2018

In the fast-changing world of strategic Procurement, certain categories of spend get all the thunder: IT Procurement gets to help drive a company’s innovation. But there’s another sort of spend that never gets any love, a sleeping giant that’s actually costing companies millions of dollars and opening them up to risk: Tail Spend.

Procurement 62

Procurement Contract Purchasing Supply chain 62

Procurement Software

JULY 25, 2023

You’ve read lots of articles, listened to a few of the best procurement podcasts , maybe been to a conference or two , and networked with some of your peers. Setting up the digital team to fail (lack of resources) You’ve got the budget from your CFO. Not a Category Manager you’re going to reward with a “development opportunity”.

Procurement 52

Procurement Budget Data Suppliers 52

SCMDOJO

APRIL 20, 2023

If you’re eyeing a role as a Procurement Manager (or are looking to hire one), you’re in the right place! As a procurement Manager, you’ll play a crucial role in overseeing the purchasing and procurement process for a company or organization, making sure they get the best bang for their buck.

Management 95

Management Procurement Contract management Supply Chain Optimization 95

Planergy

OCTOBER 25, 2022

We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with PLANERGY. Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. IN THIS ARTICLE.

Budget 52

Budget Management Project management Import 52

Supply Chain Game Changer

SEPTEMBER 21, 2022

The Supply Chain industry provides vast employment opportunities, from procurement to warehouse inventory, management, and shipping. A freight agent can refer to a person or a group that works under a freight broker or independently. On the other hand, agents need brokers’ license, authority, and resources to perform their tasks.

Supply Chain Efficiency 96

Supply Chain Efficiency Supply Chain Optimization supply chain software solutions Supply chain 96

Supply Chain Trend

JUNE 28, 2023

In two articles, based on the webinar “XP&A in action: Enhancing FP&A Agility with Supply Chain Planning” , I will discuss the future of xP&A and supply chain planning. This first article focuses on integrated planning and decision-making. For middle management, ineffective decision-making reaches 68%.

Agile and Lean Supply Chain 60

Agile and Lean Supply Chain supply chain budgeting Supply chain Supply 60

Una

AUGUST 9, 2023

This article delves into strategies for accelerating speed to savings in procurement without compromising on quality, integrity, and effectiveness. The Need for Speed: Why Organizations Pursue Faster Procurement Today’s organizations are under constant pressure to optimize their operations and deliver more with less. Did you know?

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

Claritum

FEBRUARY 14, 2019

Claritum Article - Procurement Blog. Why is Complex Spend an Issue? Resources. 2 Why is Complex Spend an Issue? The reasons for the challenges vary from organisation to organisation however, fundamentally, include the spend being spread across many business groups (i.e. 6 Resources. Other Relevant Articles.

Real-time Visibility 36

Real-time Visibility Spend management Management Eprocurement 36

Supply Chain Game Changer

SEPTEMBER 11, 2022

Most small business owners tend to underestimate the impact financial management can have on business profitability. Understanding the fundamentals of financial management is critical to ensuring your business’s long-term viability and prospects – and pursuing a CPA certification can help you achieve precisely that!

Management 89

Management supply chain budgeting Supply Chain Optimization Inventory 89

SCMDOJO

APRIL 4, 2023

In this article, we’ll delve into the benefits and challenges of this powerful tool, and discuss the architecture that’s necessary to successfully integrate it into your business. What is the Difference Between Supply Chain Analytics and Supply Chain Management? It is an essential element of supply chain management.

Supply Chain Analytics 110

Supply Chain Analytics Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 110