Spend Matters

JANUARY 12, 2024

We are highlighting the customer demands, market movements and advances in procurement tech that are exciting the world of solution providers, how they expect them to shape the S2P landscape next year and how they plan to respond to them.

Procurement solutions 90

Procurement solutions Procurement supply chain budgeting Procurement team 90

Arkestro

APRIL 23, 2024

Balancing conflicting priorities and delivering year-over-year cost reductions. In this blog, we’ll share how to improve data quality, leverage attribution frameworks, and optimize cadence and tempo to increase cost savings. This can lead to problems with cost benchmarking, demand forecasting, and more.

Procurement 52

Procurement Procurement team Quality Demand Planning 52

IBM Supply Chain Blog

APRIL 10, 2024

Three in four executives reported disparate systems in their organizations and that a lack of skills, resources and common operational practices challenge business objectives. But it’s clear that CIOs who prioritize modernization capture greater returns from business transformation. Executives know they must modernize.

Innovation 98

Innovation Sustainability Risk Demand 98

Una

MARCH 30, 2023

Pain Points in Procurement Series Focusing Beyond Cost in Procurement to Drive Value Practitioners who are focusing beyond cost in procurement are shifting stakeholder mindsets about the value the function can bring to the organization. Wait – so we shouldn’t focus on cost?

Procurement 104

Procurement Supply Chain Efficiency Procurement team Sustainability 104

ivalua

JANUARY 13, 2021

Benefits of an eProcurement Solution. Also, an eprocurement solution provides you with clean spend data, which is the basis for a sound spend analysis and eventually relevant category management. The latter is a hidden cost which is often forgotten. Now, you need to build your business case to get that budget from Finance.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Budget 235

Procurement Insights

SEPTEMBER 20, 2023

EDITOR’S NOTE: In her September 18th, 2023 article Regenerative Procurement is the new Procurement , Elvire Regnier writes, “Procurement performance is assessed primarily on the basis of price reduction. Cost reductions and avoided costs are, in the vast majority of cases, not recognized by finance departments.”

Procurement 65

Procurement Leadership Price Purchasing 65

World of Procurement blog

APRIL 23, 2024

In today's competitive business environment, procurement isn't just a necessity; it's a strategic function that can significantly influence a company’s bottom line. We also provide strategic considerations for businesses planning to adopt procurement technology. Solutions like Basware Analytics perform this well.

Procurement 52

Procurement Supply Chain Efficiency Real-time Visibility Purchase orders 52

IBM Supply Chain Blog

APRIL 1, 2024

Conversational AI solutions can have several product applications that drive revenue and improve customer experience. Businesses that use IBM watsonx Assistant can expect to see a 30% reduction in customer support costs and a 20% increase in customer satisfaction. A key benefit of GenAI is its ability to generate code.

Innovation 85

Innovation Business strategy Data Strategy 85

Una

AUGUST 9, 2022

How to Use Group Purchasing as a Cost Reduction Strategy. At the height of the COVID-19 pandemic, 49% of companies were considering layoffs, while over 33% had frozen new hires as a way to implement some sort of cost reduction strategy in the middle of a global crisis. Industries seeking a new cost reduction strategy.

Purchasing 96

Purchasing Strategy supply chain budgeting Procurement team 96

IBM Supply Chain Blog

NOVEMBER 6, 2023

In a tightening economy, small and medium businesses (SMBs) are challenged to grow while protecting thinning margins. Compared to large businesses, SMBs have fewer resources to help them weather an economic downturn or diversify into new value streams. Data-driven personalization is essential in today’s business environment.

Price 111

Price Data Purchasing Sourcing 111

IBM Supply Chain Blog

SEPTEMBER 11, 2023

We are in the midst of an AI revolution where organizations are seeking to leverage data for business transformation and harness generative AI and foundation models to boost productivity, innovate, enhance customer experiences, and gain a competitive edge. Watsonx.data on AWS: Imagine having the power of data at your fingertips.

Raw materials 114

Raw materials Innovation Cost of ownership Data 114

IBM Supply Chain Blog

JANUARY 25, 2024

A recent report shows a significant increase in the cost of manufacturing downtime from 2021 to 2022, with Fortune Global 500 companies now losing 11% of their yearly turnover which amounts to nearly USD 1.5 Many asset-intensive businesses are prioritizing inventory optimization due to the pressures of complying with growing industry 4.0

Supply Chain Optimization 81

Supply Chain Optimization Inventory Agile and Lean Supply Chain supply chain budgeting 81

Procurement Tactics

JUNE 8, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Warehouse Automation — Transforming Warehousing Warehouse automation helps businesses to increase productivity and accuracy in their warehouses. However, what is it? Best Practices in Warehouse Automation 1.

supply chain software solutions 178

supply chain software solutions Warehouse operations Order Fulfillment Inventory 178

Una

APRIL 5, 2023

EPISODE 109 Delivering Exceptional Value Through Business Relationships with Heather Fotch By Kelly Barner | April 5, 2023 When someone asks you to define ‘trust,’ what comes to mind? Words like safety, confidence, and dependability are likely to rise in your thoughts.

Quality 98

Quality Collaboration Sourcing Procurement 98

Procurement Software

APRIL 23, 2024

This usually justifies the business case to invest in spend analytics software to categorise this quickly and more easily. There are plenty of affordable spend analytics solutions on the market who cater to mid-market businesses. We look at 7 of them who offer spend analytics software solutions tailored towards the mid-market.

supply chain software solutions 52

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

ivalua

JANUARY 30, 2023

Scope 3 emissions are the largest source of greenhouse gas (GHG) emissions for an organization–extracted from a wide range of activities–including purchased goods and services, waste disposal, capital goods, and business travel. Formalize the reporting of Scope 3 emissions, reduction targets, progress, etc.

Procurement 130

Procurement Category management Suppliers Data 130

ivalua

JANUARY 30, 2023

Scope 3 emissions are the largest source of greenhouse gas (GHG) emissions for an organization–extracted from a wide range of activities–including purchased goods and services, waste disposal, capital goods, and business travel. Formalize the reporting of Scope 3 emissions, reduction targets, progress, etc.

Procurement 130

Procurement Category management Suppliers Data 130

Procurement Tactics

NOVEMBER 17, 2022

Additionally, we will tell you how you make the shift toward sustainability more accessible and the benefits you can gain by introducing a sustainable production process to your business. . In achieving sustainability, you should begin by understanding and quantifying its impact on your business.

Sustainability 203

Sustainability Supply Chain Efficiency Data Supply Chain Optimization 203

IBM Supply Chain Blog

FEBRUARY 13, 2024

Application performance is not just a simple concern for most organizations; it’s a critical factor in their business’s success. Driving optimal application performance while minimizing costs has become paramount as organizations strive for positive user experiences.

Real-time Visibility 72

Real-time Visibility e2e Demand Data 72

Spend Matters

JANUARY 16, 2024

This year we’re highlighting the customer demands, market movements and advances in procurement tech that are exciting the world of solution providers, how they expect them to shape the S2P landscape next year and how they plan to respond to them.

Procurement solutions 84

Procurement solutions Procurement Spend management Supply Chain Optimization 84

Barkers Procurement

FEBRUARY 25, 2024

A business fighting for survival will always look at its overhead, often meaning the threat of redundancy. A smart Procurement Director may even pro-actively offer up a greater level of cost reduction before being challenged, as a means to protect their people. Unnecessary expenditure will be cut.

Procurement 52

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

Procurement Heads

FEBRUARY 8, 2023

The energy market in the UK has been a hot topic for months now, with a number of changes taking place that are affecting businesses of all sizes. Currently, wholesale gas and electricity prices have been fixed for firms from October until March 2023, but the help is under review due to the cost. So, what can businesses do?

Real-time Visibility 130

Real-time Visibility Price Negotiation Sourcing 130

Procurement Tactics

JUNE 28, 2023

In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. To stay at the forefront of today’s rapidly evolving business environment, procurement tracking plays a crucial role in monitoring the procurement process.

Supply Chain Efficiency 178

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

ivalua

APRIL 8, 2021

The real challenge is that supplier diversity has generally been viewed as competing with other objectives, such as cost reduction or lowering risk. Solutions that unify supplier records and combine 3 rd party, supplier provided and internal data provide accurate view of supplier risk. That can make total cost be competitive.

Suppliers 130

Suppliers Risk Bidding Strategy 130

Procurement Tactics

MAY 2, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainability in Specifications — Embracing Sustainability Sustainability in specifications allows businesses to ensure that they are following their sustainable requirements to achieve success in sustainability.

Sustainability 204

Sustainability Procurement strategies Negotiation Ethics 204

Spend Matters

NOVEMBER 20, 2023

To discuss some of these ESG challenges, Jason Busch and Pierre Mitchell talked with Donna Wilczek , Coupa EVP Strategy and Innovation to understand how digital technology and community input is helping businesses comply with growing government regulations forcing ESG change. How do you operationalize this?” he asked Donna.

Supply Chain Efficiency 96

Supply Chain Efficiency Sustainability Supply chain Strategy 96

Procurement Heads

APRIL 26, 2023

Following three years of studying international business, I had the option to choose across various specialisations for my Master’s degree and decided to try something completely new, which would sort of enhance my curriculum. The function is split between business-facing, supply-facing, and enabling teams.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Procurement Heads

APRIL 26, 2023

Following three years of studying international business, I had the option to choose across various specialisations for my Master’s degree and decided to try something completely new, which would sort of enhance my curriculum. The function is split between business-facing, supply-facing, and enabling teams.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Procurement Tactics

MARCH 29, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Circular Economy — Transforming Sustainable Procurement The circular economy is gaining traction throughout the years and many businesses are adopting it. However, what is it? Circular Economy: What is it?

Sustainability 130

Sustainability Procurement Raw materials Import 130

Procurement Templates

SEPTEMBER 14, 2023

This transformation is not merely a trend but a necessity, as businesses recognize the profound impact they have on the planet and society at large. The effects of climate change, resource depletion, and social inequalities are undeniable, prompting governments, consumers, and businesses to take action.

Sustainability 130

Sustainability Supply Chain Efficiency Procurement Ethics 130

IBM Supply Chain Blog

NOVEMBER 30, 2023

The pandemic has brought supply chain to focus, and organizations recognize dynamic supply assurance as a critical capability for their business. In addition, there can be financial benefits, such as a solution cost savings of 10%, reduced holding costs and improved gross margin return on investment.

Supply Chain Optimization 51

Supply Chain Optimization Agile and Lean Supply Chain Supply chain Supply 51

Empowering CPO

JULY 2, 2023

Introduction Welcome to our latest discussion on a crucial facet of business operations: Managed Procurement Services. This approach allows businesses to leverage the expertise of procurement specialists to streamline operations, optimize supplier relationships, and most importantly, reduce costs.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Una

OCTOBER 13, 2022

“When you look at [food supply challenges] on top of the cost of diesel or sunflower oil being tougher to come by because of geopolitical issues, it really does make for the perfect storm,” says Kris. Energy costs and availability. Energy across the board is just costing more. The Inflation Reduction Act.

Procurement 98

Procurement Agile and Lean Supply Chain Price Supply chain 98

Barkers Procurement

FEBRUARY 21, 2024

Due to severe time constraints, Barkers designed a parallel workstream approach that led to a 50% reduction in the time normally taken to run the overall process. Challenge Solution Results Challenge The client had grown primarily through acquisition.

Procurement 52

Procurement Negotiation Contract Management 52

Spend Matters

FEBRUARY 27, 2023

Categories: Analytics , Procurement Strategy & Planning , Spend Analysis , Supplier Information Management Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of Vendigital, its solution for spend and supplier analytics and how it pairs these tools with its consulting capabilities.

Suppliers 76

Suppliers Buyers Strategic sourcing Strategic sourcing 76

World of Procurement blog

APRIL 23, 2024

Identifying and integrating innovative solutions that add substantial value is the central challenge and opportunity at this juncture. Understanding what your procurement team aims to accomplish through technological advancements, whether it's cost reduction, heightened efficiency, greater visibility, or more, is paramount.

Innovation 52

Innovation Procurement Supply Chain Efficiency Supply Chain Optimization 52

World of Procurement blog

APRIL 23, 2024

Identifying and integrating innovative solutions that add substantial value is the central challenge and opportunity at this juncture. Understanding what your procurement team aims to accomplish through technological advancements, whether it's cost reduction, heightened efficiency, greater visibility, or more, is paramount.

Innovation 52

Innovation Procurement Supply Chain Efficiency Supply Chain Optimization 52