Spend Matters

JULY 27, 2022

Part 1 of this Spend Matters PRO Vendor Analysis update provides an overview of QAD Allocation, a SWOT, a look at competitors and offers tech selection tips. QAD Allocation is one of them and it offers specific capabilities for manufacturers to manage their suppliers and to source from them.

Market analysis 84

Market analysis Sourcing Supplier relationship management Material management 84

The Good Spending

MAY 13, 2024

Lorenzo caused a big headache for Accenture, as it had two contracts worth around £1 billion each. Accenture had two of the £1 billion-a-piece prime contracts, so it appeared to be facing a £1 billion penalty payment to the government if it abandoned the program. Was there any SRM or stakeholder engagement? Cost control?

Procurement 65

Procurement Contract Stakeholder engagement Negotiation 65

ivalua

MARCH 26, 2019

Further, to bridge the digital transformation gap, the report digs into technologies that an increasing number of Procurement organizations are planning to adopt over the next 1-2 years. The report also provides a view into Procurement resources in 2019 and projected business risk that CPOs should be aware of.

Eprocurement 113

Eprocurement Supplier relationship management Procurement Procurement team 113

Procurement Software

APRIL 2, 2024

So, if you’re a business that has $500 million to $1 billion in annual revenue, this typically is the software price point that you’d be playing in. Mid-Range SRM Software You can also get pretty feature-rich, full-stack supplier relationship management (SRM) platform within this price range.

supply chain budgeting 52

supply chain budgeting supply chain software solutions Procurement Budget 52

The Good Spending

JANUARY 13, 2024

Still, the SaaS industry is booming and is expected to reach 1 Trillion USD in the early 2030th. Indeed, we meant the contract management before SRM. Recently, we wrote about the information asymmetry in SaaS negotiations : buyers tend to limit their spending on SaaS due to the need for more knowledge of its fair market price.

Contract management 59

Contract management Negotiation Contract Demand 59

Spend Matters

JANUARY 5, 2024

Read ‘ AI in Procurement and Autogmentation’ : Part 1 — (Procurement) technology is more than automation to replace people Part 2 — The current state of AI Part 3 — How similar is Generative AI to other previous technologies? Read part 1 here , part 2 here and part 3 here. Read part 1 here , part 2 here and part 3 here.

e2e 76

e2e Procurement supply chain software solutions Contract 76

SCMDOJO

MAY 2, 2024

By embracing resilience, organizations can navigate through economic crises with greater ease for several reasons: 1. A resilient supply chain can: 1. She has delivered programs on “Supply Chain Resilience,” “Risk Management,” “Procurement Digitalization”, “Procurement Transformation”, “Category Strategies”, “SRM,” and other topics.

Agile and Lean Supply Chain 71

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Supply Chain Optimization 71

PASA (Procurement and Supply Australasia)

DECEMBER 11, 2022

SRM will become fully recognised as an essential supply side strategy . Supplier relationship management (SRM) is notoriously difficult to justify to your grumpy CFO. . She meant, their proactive and well thought-through SRM strategy begun in 2017 hadn’t. . We should be prepared. .

Procurement 52

Procurement Agile and Lean Supply Chain Suppliers Supply chain 52

SCMDOJO

MAY 2, 2024

By embracing resilience, organizations can navigate through economic crises with greater ease for several reasons: 1. A resilient supply chain can: 1. She has delivered programs on “Supply Chain Resilience,” “Risk Management,” “Procurement Digitalization”, “Procurement Transformation”, “Category Strategies”, “SRM,” and other topics.

Agile and Lean Supply Chain 57

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Supply Chain Optimization 57

Procurement Software

MARCH 26, 2024

This first one features Nick Verkroost, CEO of UK-based supplier data and SRM platform Canopy. So, over to Nick to tell us a bit more about him and about Canopy… 1. The post Meet the Founder: #1 – Nick Verkroost (Canopy) appeared first on Procurement Software. What makes Canopy different from other competitors?

Procurement team 52

Procurement team supply chain software solutions Real-time Visibility Suppliers 52

Una

DECEMBER 20, 2022

Once onboarded, procurement teams must allocate substantial SRM activities to ensure these suppliers continue to deliver value. Some organizations define SUM as any spending that leverages preferred supplier contracts. Below, we outline how to bring more spend under management using six of the best practices. .

Management 98

Management Buyers Procurement team Contract 98

Supply Chain Game Changer

AUGUST 5, 2021

What is Supplier Relationship Management (SRM)? 1 tbs | Strong Leadership. Kodiak Rating founded our company and launched our SRM solution in 2015 with a vision to help global procurement and sourcing teams to buy smarter, as we want to ensure our users have the means to drive collaboration and innovation with the best suppliers.

Suppliers 98

Suppliers Management Supply Chain Efficiency Agile and Lean Supply Chain 98

Jaggaer

APRIL 18, 2019

The Key Issues Study identified the following as the top five critical development priorities to be addressed by digital transformation: 1. Leverage supplier relationship management (SRM). While SRM has long been a core capability for procurement, it is due for a major shift in approach. Improve analytical capabilities.

Procurement 78

Procurement Supplier relationship management Eprocurement Risk management 78

Una

APRIL 6, 2023

This means that the $1 million in savings you’ve promised in the logistics category will end up only being a modest $250k – and your head of finance may have built their budget around the assumption that the full amount will be available.

Procurement 97

Procurement Supplier relationship management Supplier negotiation Contract 97

ivalua

MAY 31, 2022

Supplier Relationship Management (SRM) is not limited to transactional information (number of purchase orders, number of catalog items, number of supplier invoices ) or legal/contractual requirements. Every business must have a SRM system and a thoroughly vetted process. . Learning from Supplier Relationships.

Suppliers 246

Suppliers Supplier relationship management supply chain software solutions Agile and Lean Supply Chain 246

IBM Supply Chain Blog

DECEMBER 13, 2023

Steps to a successful procurement strategy Key steps to develop an effective procurement strategy include: 1. Additional procurement software includes spend analytics tools and supplier relationship management (SRM) software.

Procurement strategies 72

Procurement strategies Strategy Procurement Supply Chain Efficiency 72

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. Utilizing a GPO to manage some of the more time-consuming activities can help save you more money, time, and effort.

Supply Chain Efficiency 52

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

Supply Chain Game Changer

JUNE 10, 2020

What is Supplier Relationship Management (SRM)? Procurement Leaders’ research has shown that “for workflow assignment and supplier relationship management (SRM) , more than 60% have no tools or rely primarily on improvised systems using Microsoft Office. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

Suppliers 56

Suppliers Supplier relationship management Procurement team Supply Chain Efficiency 56

World of Procurement blog

JULY 28, 2021

Companies that maintain good relationships with their suppliers will reap the benefits during and after the coronavirus pandemic; however, the current situation is highlighting the “good and bad” work of procurement teams in regards to supplier relationship management (SRM). Ensure routine purchases continue.

Supplier relationship management 52

Supplier relationship management Suppliers Management Supply Chain Optimization 52

ivalua

DECEMBER 19, 2018

Over the course of the year-long project, PKP Energetyka will implement the modules facilitating the registration of Contracts, e-Catalogs, Tender Management, Supplier Relationship Management (SRM) and finally, Invoice handling. The key goals are not only the safety or optimization and acceleration of the Procurement processes as such.

Supplier relationship management 100

Supplier relationship management Contract Procurement solutions Buyers 100

Supply Chain Game Changer

JULY 3, 2019

There are a lot of 3rd party vendors of SRM & sourcing solutions on the market, so don’t waste the time or money trying to have your IT team build something from the ground up. They’re a brand that recognizes an important element of SRM where organizations, all too often, turn a blind eye.

Sustainability 58

Sustainability Sourcing Supply Chain Efficiency Real-time Visibility 58

Una

FEBRUARY 22, 2023

Watch this 1-minuted explainer video to learn more about the group purchasing concept. As part of a complete and effective procurement strategy, adding in group purchasing is a sure-fire way to bring value to your organization that goes beyond typical cost savings.

Strategy 52

Strategy Purchasing Supply Chain Efficiency Supplier consolidation 52

Una

AUGUST 17, 2022

The figure’s head represents the top 1% of strategic suppliers to your organization. This is where strategic sourcing professionals spend most of their time, communicating directly with their top suppliers through an SRM program , and using cutting-edge procurement software to analyze spend and track risk. Social factors.

Real-time Visibility 98

Real-time Visibility Spend management Procurement team Purchasing 98

ivalua

MARCH 30, 2022

Supplier Relationship Management (SRM) is not limited to transactional information (number of purchase orders, number of catalog items, number of supplier invoices ) or legal/contractual requirements. Every business must have a SRM system and a thoroughly vetted process. . Learning from Supplier Relationships.

Suppliers 130

Suppliers Supplier relationship management supply chain software solutions Supply Chain Efficiency 130

Procurement Tactics

OCTOBER 18, 2022

Supplier relationship management (SRM) is an approach that companies do to assess their suppliers that supply their goods, materials, and services. The SRM helps companies to determine the value each supplier provides and which of them is the most critical for business continuity and performance. The Best SRM Software Today.

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

Procurement Software

MARCH 11, 2022

Yes, Supplier Relationship Management (SRM) , supplier partnerships, and deeper collaboration with core vendors will deliver ongoing value over the long term and are an absolutely essential piece of ammo in every large organisation’s arsenal. 1) Unauthorised spend. The best opportunities now lie in tail spend management.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

Yes, Supplier Relationship Management (SRM) , supplier partnerships, and deeper collaboration with core vendors will deliver ongoing value over the long term and are an absolutely essential piece of ammo in every large organisation’s arsenal. 1) Unauthorised spend. The best opportunities now lie in tail spend management.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Supply Chain Opz

NOVEMBER 9, 2014

The list is presented in the order the responses were received in: 1) Andreas Wieland , Assistant Professor at Copenhagen Business School Successful supply chain management means that organizations are well-orchestrated in an end-to-end value network. Once this happens, then you’re ready to start tackling processes and technologies.

Agile and Lean Supply Chain 109

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 109

Supply Chain Game Changer

AUGUST 15, 2019

Rate each supplier on a scale (like 1–5) for each area below, rather than a pass or fail. 10 Strategies for Improving Supplier Relationship Management (SRM)! Use this guide to vetting suppliers, broken into four major steps to narrow down a list of trusted suppliers. Set Up Your Supplier Selection Criteria. Author: Tyler Brown.

Suppliers 58

Suppliers supply chain software solutions Supply Chain Efficiency Supplier relationship management 58

Procurement Software

MARCH 19, 2024

SRM The benefits here will likely be split into two distinct categories: evaluating supplier risk, and measuring supplier performance. A recent white paper from KPMG suggests that there will be three distinct phases of generative AI adoption in procurement teams: 1. What will come next?

Procurement 52

Procurement Category management supply chain software solutions Data 52

Spend Matters

AUGUST 16, 2022

UK-based State of Flux helps customers transform their SRM practices. State of Flux developed its approach based on the realization that many organizations practicing SRM do only Supplier Management. Supplier Management (vs SRM) is more of a one-way street where suppliers are considered simple necessities.

Market analysis 68

Market analysis supply chain software solutions Raw materials Supply Chain Efficiency 68

Procurement Software

FEBRUARY 6, 2024

There are 4 individual modules which cover: Procurement analytics i.e. spend analytics Contract management (CLM) Supplier management (SRM) Carbon accounting The Ignite platform also features a Tasks and Initiatives module that allows for progress tracking and objective-driven procurement strategy. Which countries are included?

Procurement 52

Procurement supply chain software solutions Supply Chain Efficiency Negotiation 52

Procurement Software

FEBRUARY 14, 2023

What if if it’s a very specific problem that you really want to laser focus down on, for example, Contract Lifecycle Management (CLM), or Supplier Relationship Management (SRM). TOTAL COST AND PRICING MODEL So let’s start off with probably the obvious one, and that is cost.

supply chain software solutions 72

supply chain software solutions Procurement Price Sourcing 72

Positive Purchasing

APRIL 11, 2022

A 5% rise of something that is 20% of total costs equates to a 1% increase. Some category management and SRM tools can help here, such as simple political, economic, sociological, technological, legal and environmental (PESTLE) analysis and Porter’s five forces tool. In this case, it’s about quantifying the impact.

Raw materials 52

Raw materials Supply Supply Chain Efficiency Price 52

Jaggaer

OCTOBER 8, 2019

1) Get started: Build a strong digital base. Our survey shows that most procurement teams are there already with many applications: SRM, eSourcing, and eProcurement are in place. Organizations have to be pragmatic and build on their existing digital components. Building a Successful Digitalization Roadmap.

Procurement 40

Procurement e2e Agile and Lean Supply Chain supply chain software solutions 40

Zycus Cognitive Procurement

JANUARY 31, 2023

SRM provides an opportunity for companies to gain a competitive edge by forming productive partnerships with their suppliers. Measure value from your SRM initiatives Strategic supplier relationship management initiatives can play a key part in value addition to a company, but it is often difficult to accurately quantify this contribution.

Supplier relationship management 40

Supplier relationship management Suppliers Management Supply Chain Efficiency 40

Supply Chain Opz

JANUARY 22, 2016

In light of this, SRM technologies will be the biggest growth area over the next five years. Business environment changes quickly. Then, executives need supply chain technology to stay ahead of the game. But what technologies we should pay attention to?

Supply Chain Efficiency 49

Supply Chain Efficiency supply chain software solutions Supply Chain Optimization Supply chain 49