Procurement Tactics

JULY 14, 2022

Procurement Service Provider — The Ultimate Guide of 2022. We all know that it is very expensive for organizations to maintain domain expertise in every category of spend. Through this, it can provide a quick analysis of the organization’s spending. . Analyze spending and suggest mitigation strategies. First Name.

Procurement 130

Procurement Supply Chain Efficiency Negotiation Strategic planning 130

Una

JULY 25, 2023

5 of the Most-Read Procurement Articles Don’t miss the five most-read procurement articles on Unaversity, Una’s online resource center dedicated to empowering procurement. Una's resource center if filled with procurement articles, guides, playbooks, and more. Procurement and Supply Chain: What’s the Difference?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Procurement Category management 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

The Procuretech Podcast

SEPTEMBER 14, 2021

Historically, there wasn't much technology out there to deal with indirect services spend, both from a sourcing and supplier contract lifecycle management perspective. But is it possible to manage both strategic, corporate level service agreements as well as more tactical, tail spend and one-time buys all in the same platform?

Management 52

Management Procurement team Contract Purchasing 52

Una

JULY 19, 2022

Developing a comprehensive procurement strategy ensures there is a vision for the sourcing function in place, helps guide procurement professionals through the decision making process, and clearly defines goals. Technology Vendors & IT Spend Solutions. Episode 53: Accessing Data Insights for Your Technology Spend with Victor Hou.

Procurement strategies 98

Procurement strategies Strategy Procurement Supplier relationship management 98

Pipefy

JULY 31, 2023

This guide identifies the differences between these processes and discusses the synergies between them. For example, they may study financial documents to identify sources of excess capital spending, providing opportunities for making recommendations on spending reduction.

Budget 52

Budget Management Quality Customer relations 52

Procurement Software

MARCH 11, 2022

Instead of looking at direct materials and purchased parts, the hidden opportunity is often found in effective tail spend management. There’s a perfectly logical reason that organisations go after the more “sexy” areas of spend. These are the spend categories that they typically understand best.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

Instead of looking at direct materials and purchased parts, the hidden opportunity is often found in effective tail spend management. There’s a perfectly logical reason that organisations go after the more “sexy” areas of spend. These are the spend categories that they typically understand best.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Empowering CPO

JUNE 26, 2023

Explanation of Spend Analysis and its Importance in Healthcare In the ever-evolving landscape of the healthcare industry, optimizing costs and maximizing efficiency has become paramount. This is where spend analysis steps in as a powerful tool to help healthcare organizations gain deep insights into their procurement activities.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Supplier consolidation 52

Procurement Software

FEBRUARY 20, 2024

It serves Fortune 500 companies, and in 2020 the platform managed more than $150M of spend. Source is a safe and user-friendly guide through the RFP and awarding process. Spendkey Spendkey provides a SaaS platform that simplifies spend analytics at all levels of your organisation. The platform is especially suited for SMEs.

Supply Chain Efficiency 59

Supply Chain Efficiency supply chain software solutions Procurement Real-time Visibility 59

Pipefy

JUNE 14, 2023

Key takeaways Spend data is the information related to a company’s spending, specifically goods and services purchased from external suppliers or vendors. There are four common mistakes that should be avoided when conducting a spend analysis: 1. not reviewing spend data regularly. focusing solely on cost reduction, 3.

Real-time Visibility 52

Real-time Visibility e2e Procurement team Contract 52

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

SEPTEMBER 26, 2023

Then, finally, we’ll guide you through the pros and cons of having everything in one suite. This is typically specified by a procurement process which requires the solicitation of (usually) three quotations or proposals if the spend is above a certain amount. What steps are included in Source-to-Contract?

Sourcing 59

Sourcing Contract Competitive bidding Bidding 59

Procurement Software

MARCH 12, 2024

However, it’s proven ability to cut down the time and resources needed to complete many everyday tasks is not to be underestimated. Gartner has also put together an interesting, well written article on the topic which I would highly recommend as an introductory guide. It’s way beyond my pay grade.

Procurement 52

Procurement Category management supply chain software solutions Data 52

Procurement Software

JANUARY 23, 2024

Meanwhile, charts and analysis features give you a ready overview of orders, expenses, and their development, providing insights and optimising your resources. This data-driven approach equips users with in-depth market information, helping to guide better decision making. Scalue aims to deliver total spend transparency.

Procurement 52

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

Procurement Software

JULY 4, 2023

But, by eliminating a lot of tactical workload, it can free up valuable resources to concentrate on what moves the needle. RPA is cost-effective, improves accuracy, and increases productivity by reducing manual processing time and resources. Tech can’t do this on its own of course. Let’s explore how. What is digital procurement?

Supply Chain Efficiency 52

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

Empowering CPO

JUNE 23, 2023

This is where the concept of spend analysis comes in. Spend analysis is a systematic process that involves the collection, cleansing, classification, and analysis of expenditure data with the goal of decreasing procurement costs, improving efficiency, and monitoring compliance.

Data 52

Data Procurement Purchase orders Suppliers 52

Claritum

JULY 29, 2019

Tail Spend. The Trouble with Tail Spend. How Can I Manage Low Cost Spend. The critical issue with buying low cost products and services (often termed Tail Spend) is that everything has to flow smoothly and be made as simple and easy to action as possible. TAIL SPEND. STRATEGIC SPEND.

Purchasing 32

Purchasing Suppliers Procurement Buyers 32

SCMDOJO

APRIL 26, 2023

In this guide, we’ll explore the key principles of category management and how it can benefit your organization. It involves segmenting spending into areas that contain similar or related products, allowing for a focused approach on categories that offer opportunities for consolidation and efficiencies.

Category management 76

Category management Management Supplier relationship management supply chain software solutions 76

Procurement Software

JUNE 13, 2023

Ask yourself when reading other similar articles whether this is also true of them… 11 of the best eSourcing software for the Mid-Market In putting this together, we deliberately tried to stay away from digital procurement tools in the eSourcing space which are focusing on specific verticals such as manufacturing companies or services spend.

supply chain software solutions 52

supply chain software solutions Contract management Contract Sourcing 52

Procurement Software

MARCH 11, 2022

Why is spend analytics software so important? Anyhow, in this article, we’re going to take a look at: How to get a reliable spend analysis without the help of specialised spend analytics software. The difference between various spend analytics software out there on the market. Why a solid spend analysis is essential.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Data Category management 52

Procurement Software

MARCH 11, 2022

Why is spend analytics software so important? Anyhow, in this article, we’re going to take a look at: How to get a reliable spend analysis without the help of specialised spend analytics software. The difference between various spend analytics software out there on the market. Why a solid spend analysis is essential.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Data Category management 52

Planergy

OCTOBER 6, 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. Another benefit of hyperautomation is that it enables business users to automate long-tail tasks with minimal technical knowledge. Human resources.

Import 52

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

Una

OCTOBER 9, 2023

How to Implement a Strategic Sourcing Process A play-by-play manual showing how to implement a strategic sourcing process that aligns with your organization’s goals, optimizes spend, and creates long-term value. Use audit findings to guide supplier development efforts and foster continuous improvement.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Software

MARCH 11, 2022

You don’t have time, resources or expertise to do full-blown tenders for key supplier contracts? Especially for some of the contracts you may have lurking in your tail spend. This is where Procurement and Legal tend to spend the most time on repetitive, often inefficient processes. Reducing or increasing contract scope.

Contract 52

Contract Contract management Negotiation Supplier relationship management 52

Procurement Software

MARCH 11, 2022

You don’t have time, resources or expertise to do full-blown tenders for key supplier contracts? Especially for some of the contracts you may have lurking in your tail spend. This is where Procurement and Legal tend to spend the most time on repetitive, often inefficient processes. Reducing or increasing contract scope.

Contract 52

Contract Contract management Negotiation Supplier relationship management 52

Procurement Software

MARCH 11, 2022

I see lots of congratulatory posts on social media about various procurement technology companies that have made the Spend Matters 50 To Know, 50 To Watch and ProcureTech 100 lists. So, this article will help guide you through: How the research is put together. Spend Matters. Let’s start with Spend Matters.

supply chain software solutions 52

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

Procurement Software

MARCH 11, 2022

I see lots of congratulatory posts on social media about various procurement technology companies that have made the Spend Matters 50 To Know, 50 To Watch and ProcureTech 100 lists. So, this article will help guide you through: How the research is put together. Spend Matters. Let’s start with Spend Matters.

supply chain software solutions 52

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

Procurement Software

JULY 18, 2023

It gives you full visibility of your spend data, all in one place. WeProc WeProc is a growing French startup company offering a SaaS eProcurement software with a focus on purchasing and spend management for SMEs. It helps to automate the complete P2P cycle including approvals, POs, invoicing, budgeting, and spend management.

Purchasing 52

Purchasing Contract Negotiation Real-time Visibility 52

Claritum

OCTOBER 21, 2019

To help guide your search, we’ve compiled important considerations and questions, relating specifically to addressing automation of Indirect Procurement. Indirect spend can be complex for an organisation to manage, because it covers many categories of spend and many purchases are unique in nature. This is fundamentally not true.

Eprocurement 32

Eprocurement Suppliers Data Procurement 32

Supply Chain Game Changer

NOVEMBER 14, 2018

Check out The Change Leadership Process … And Guide! For very high impact, Game Changing projects it is usually the case that there is a large ecosystem of factors and resources at play that have varying degrees of influence on what you are trying to achieve. Some sub-projects will take off quickly and then tail off.

Leadership 44

Leadership Real-time Visibility Influencing Change management 44

Supply Chain Trend

DECEMBER 13, 2016

However, S&OP has not yet substantially delivered on its ultimate promise of enterprise wide resource management, rolling financial forecasting and strategy deployment. Steve: We must continue moving companies away from spending most of their time in the meetings and preparation efforts for them on reporting out what happened in the past.

supply chain software solutions 90

supply chain software solutions Supply Chain Efficiency Supply Chain Optimization Supply chain 90