Procurement Tactics

MARCH 16, 2023

However, the entire department must work together for a strategic procurement process to happen. When strategic procurement is done correctly, it can help an organization to optimize its profit margin, reduce risks, and streamline the process of purchasing goods and services needed to achieve business goals. Why is it important?

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

Procurement Tactics

AUGUST 23, 2022

The contract management process does not get enough attention as much as supply chain management and process automation. Additionally, it plays a huge role in the relationship of the organization with everyone in its supply chain and market. . Enhancing strategic sourcing through data analysis. ENROLL NOW.

Contract management 130

Contract management Contract supply chain software solutions Management 130

World of Procurement blog

APRIL 23, 2024

Leverage Technology and Automation Adopting procurement software and technologies can significantly streamline processes, from e-sourcing to electronic payment systems. Implement Strategic Sourcing Strategic sourcing involves a methodical approach to finding, selecting, and managing suppliers.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement Strategic sourcing 52

World of Procurement blog

APRIL 23, 2024

Leverage Technology and Automation Adopting procurement software and technologies can significantly streamline processes, from e-sourcing to electronic payment systems. Implement Strategic Sourcing Strategic sourcing involves a methodical approach to finding, selecting, and managing suppliers.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement Strategic sourcing 52

World of Procurement blog

APRIL 23, 2024

Supply Chain Management (SCM) Software SCM software offers a comprehensive view of the supply chain, enabling companies to manage logistics, production, and distribution more effectively. Spend analysis enables informed decision-making and strategic sourcing.

Supply Chain Efficiency 52

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

World of Procurement blog

APRIL 23, 2024

Supply Chain Management (SCM) Software SCM software offers a comprehensive view of the supply chain, enabling companies to manage logistics, production, and distribution more effectively. Spend analysis enables informed decision-making and strategic sourcing.

Supply Chain Efficiency 52

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

Skill Dynamics

OCTOBER 19, 2023

This leads to professional growth and supply chain efficiency – just two benefits of role-based training , of which there are many more. Elevating Procurement Excellence Through Targeted Training Role-based procurement training is ideal because procurement and supply chain roles often come with role-specific challenges.

Supply Chain Optimization 52

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

Procurement Tactics

JUNE 28, 2023

By the end of this article, you will have an idea of the importance of procurement tracking in your business and which procurement tracking software you would want to utilize. It enables managers and businesses to minimize costs, prevent and mitigate risks, and essentially identify issues and problems early on in the procurement process.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Spend Matters

APRIL 4, 2024

Pere Sivecas , Spend Matters Development PM and Software Architect, has compiled a four-part video series that covers the basics you need to know, the first two of which are free while parts three and four require a basic Insider subscription.

Procurement 83

Procurement Risk management Raw materials supply chain software solutions 83

Zycus Cognitive Procurement

AUGUST 29, 2022

According to the Victorian Government’s Digital Strategy 2021-2026, a 4-step approach for selecting software is construed as the need of the hour. They are promoting investing in SaaS over buying or building software of their own. Let’s talk about strategic sourcing and the impact of digital transformation on it.

Risk management 52

Risk management Risk Suppliers Management 52

Arkestro

SEPTEMBER 29, 2023

The software works with real-time and historical data, including user preferences, past buys, supplier performance, and market trends. Systems use this data to automate routine procurement tasks and make informed decisions about sourcing, pricing, and supplier relationships. What is the business impact of autonomous procurement?

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement Supply Chain Optimization 52

ivalua

JANUARY 31, 2022

Enterprises will continue to undergo the financial burden of revenue disruptions, consumer , and uncontrolled supply chain variables. . Disruptions in global supply chains, labor market shortages, strong consumer demand. The Criticality of the Supply Chain (and Suppliers). What can we expect in 2022?

Procurement 130

Procurement supply chain budgeting Agile and Lean Supply Chain supply chain software solutions 130

ivalua

JULY 7, 2020

Who better to bring balance, build resilience and solidify competitive advantages than Procurement and Supply Chain. For Procurement and Supply Chain leaders, while this is very likely not a foreign concept, it is likely that they have not had the opportunity to fully execute on a strategy to be more resilient to external events.

supply chain software solutions 130

supply chain software solutions Suppliers Procurement Strategic sourcing 130

IBM Supply Chain Blog

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. This enables an effective and adaptive approach to sourcing that creates value and minimizes risk.

Procurement strategies 78

Procurement strategies Strategy Procurement Supply Chain Efficiency 78

Procurement Software

MARCH 19, 2024

It will take time before we have dedicated generative AI-driven procurement software. Software applications such as Cirtuo and Capella are already offering guided category strategy creation. SRM The benefits here will likely be split into two distinct categories: evaluating supplier risk, and measuring supplier performance.

Procurement 52

Procurement Category management supply chain software solutions Data 52

Let's Talk Supply Chain

MARCH 23, 2023

With a decade hallmarked by disruption, consumers are more aware of supply chain and how industry shortages, talent gaps, and climate events impact their daily lives and local communities. One dialogue that is still catching fire is how closing the gender gap in supply chain can help the industry build its ranks and agility.

Agile and Lean Supply Chain 52

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

Una

NOVEMBER 29, 2023

This can include implementing a formal Supplier Relationship Management (SRM) program, sharing your strategy with key suppliers, collaborating on cost-saving initiatives, and ensuring a reliable and efficient supply chain. This may involve seeking out new suppliers, optimizing supplier portfolios, and conducting competitive bids.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supplier relationship management Strategic sourcing 52

Planergy

JULY 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. ESG In Supply Chain: Creating a Sustainable Value Chain. ESG In Supply Chain: Creating a Sustainable Value Chain We all know just how valuable the supply chain is. Written by.

Sustainability 52

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

ivalua

MARCH 4, 2016

Recently I attended a conference for Strategic Sourcing in the medical device manufacturing sector. getting involved early on in the New Product Introduction ( NPI) cycle to ensure suppliers risk is being properly evaluated in production capacity and quality. The post Are you a Supply Chain Visionary Vick or Laggard Larry?

supply chain software solutions 100

supply chain software solutions Supply Chain Efficiency Supply chain Bill of materials 100

Procurement Tactics

MAY 24, 2023

Strategic sourcing managers and procurement managers are typically responsible for managing supplier scorecards. For example, you can ask a department head to provide feedback and scores for a software service used by their team. Additionally, consider if there are any processes that could minimize these risks.

Supply Chain Efficiency 186

Supply Chain Efficiency Vendor management Negotiation Quality 186

ivalua

DECEMBER 21, 2021

“We’d like to thank FCL for their trust and our partners for a rapid deployment of this innovative solution that helps avoid supply disruptions in times of crisis, improve the quality and efficiency of savings from strategic sourcing, but also drives supplier innovation and enhances ESG programs“, said Dan Amzallag, Ivalua’s COO.

Contract 130

Contract Sourcing Suppliers Data 130

Pipefy

JANUARY 11, 2023

Procurement teams are now responsible for driving value, achieving sustainable results, and helping businesses maintain their competitive edge despite market shifts and supply chain disruptions. To make matters more complicated, IT talent retention is now also at risk. A necessity for sourcing transformation.

Strategy 52

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

Pipefy

DECEMBER 20, 2023

Strategic procurement, or procurement strategic planning, is a data-driven process that helps businesses align procurement and business goals. The result is greater supply chain predictability, more accurate decision-making, and better business agility. What is strategic procurement?

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Strategic planning 52

Supply Chain Game Changer

OCTOBER 28, 2021

Subscribe to Supply Chain Game Changer. Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. Yet only 26% were able to confidently predict risk within their supply bases. Subscribe Here!

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

Empowering CPO

JULY 2, 2023

Modern procurement services encompass a wide range of activities such as strategic sourcing, category management, contract negotiation, risk management, and supplier relationship management. Moreover, procurement is often directly involved in achieving strategic business goals.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference.

Procurement 99

Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 99

Zycus Cognitive Procurement

JULY 25, 2022

Over the past two years, we’ve seen how supply chains are constantly changing and facing uncertainties. The latest updates can help you keep up with your industry competition, reduce costs and optimize your supply chain network to improve performance and mitigate risks. . Risk management and compliance : .

supply chain budgeting 52

supply chain budgeting Procurement Agile and Lean Supply Chain Management 52

Arkestro

MAY 9, 2022

Strategic sourcing was in the spotlight. Ongoing Supply Chain Challenges. In a March 2022 article in The Harvard Business Review titled “ Are the Risks of Global Supply Chains Starting to Outweigh the Rewards?” He writes: “The conflict in Ukraine is only the latest jolt to global supply chains.

Procurement 52

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

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

To succeed in this field, procurement professionals must possess a variety of competencies, ranging from negotiation and supplier management to risk assessment and financial analysis. Properly identifying and mitigating risks is essential to ensuring success and sustainability.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

Let's Talk Supply Chain

JANUARY 9, 2023

As a global technology company, they provide networked innovation, quality, and compliance solutions to consumer brands that want to reduce supply chain risk, innovate faster, speed up business processes, and take control of data. 13.36] An overview of TraceGains – what they do and how they help their customers.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Food and Beverage Supply Chain supply chain software solutions Supply Chain Efficiency 52

Empowering CPO

JULY 17, 2023

Procurement is no longer a back-office function; it’s a strategic tool that can contribute to cost savings, risk mitigation, innovation, and sustainability. Today, MPS is a growing industry, with businesses of all sizes and across various sectors harnessing its potential for strategic growth.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Supply Chain Optimization 52

Planergy

SEPTEMBER 5, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. We will also look at how spend management software , like Planergy, can help keep track of expenses and control spending within budget limits. How to gain visibility and control of your indirect spend.

supply chain budgeting 92

supply chain budgeting Budget Real-time Visibility Spend management 92

Procurify

JULY 20, 2022

Risk management and mitigation. Risk management and mitigation is a primary purchasing challenge today. Companies that adapt to supply chain volatility can swim against the tide. . With the current state of supply chains, purchasing managers need transparent market and supplier intelligence.

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 52

Una

JANUARY 1, 2024

There are dozens of excellent survey software alternatives on the market, ranging from webpage pop-ups to app-based mobile surveys and plug-ins for platforms like Slack and Teams. Get control of IT procurement Two key IT procurement challenges that will test your resolve in the new year are shadow IT and auto-renewing software subscriptions.

Procurement 52

Procurement supply chain software solutions Contract Suppliers 52

Supply Chain Opz

JUNE 1, 2014

Professionals in supply chain management use various methods to identify best practices to improve the operations. In order to accelerate the learning, this article has gathered 20+ most sought-after supply chain case studies, analyzed/categorized them by industry and the findings are presented.

Agile and Lean Supply Chain 95

Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Supply chain 95

IBM Supply Chain Blog

JANUARY 16, 2024

Today, as many as half of all companies—and 70% of top-performing companies— use software developed internally to differentiate themselves in crowded markets. As more businesses become software businesses, a long-term development strategy that prioritizes continuous feedback and core organizational value is key to success.

Product development 89

Product development Strategy supply chain budgeting supply chain software solutions 89

Una

JANUARY 8, 2024

We’re seeing the tactical, day-to-day aspects of procurement increasingly automated as artificial intelligence gets smarter, meaning an old-school purchasing manager risks obsolescence. We can play a role in building a supply chain that reflects the positive workplace culture you want to foster within your organization.

supply chain budgeting 52

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