Supply Chain Game Changer

JANUARY 18, 2022

For many years the predominant priority in sourcing has been finding the lowest cost possible. What is the appropriate sourcing strategy going forward? Should you keep work in low cost geographies, establish sources in multiple geographies, or on-shore work into high cost domestic countries? Geographic Sourcing History.

Sourcing 93

Sourcing supply chain software solutions Supply chain Raw materials 93

Procurement Software

MARCH 19, 2024

When you hear the words Generative AI in Procurement, your reaction is probably one of two things: Either you get excited, thinking of all the benefits and time-saving hacks it could offer. Or else, you sigh and roll your eyes, thinking it’s just the latest hype cycle. There’s a valid argument both ways, but one thing is for sure.

Procurement 52

Procurement Category management supply chain software solutions Data 52

Una

NOVEMBER 2, 2023

It’s difficult to pinpoint the nature of their concern; perhaps they believe outsourcing some parts of the procurement process is cheating, or maybe they worry that a GPO will alter their sourcing strategy. Is this cheating or considered a shortcut? Don’t fret (guitar pun intended). Here’s how.

Negotiation 52

Negotiation Purchasing Strategic sourcing Strategic sourcing 52

Planergy

DECEMBER 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Even using last year’s data to support the current year for your current budget may lead you astray without close monitoring, as factors change over time. How to gain visibility and control of your indirect spend.

Budget 52

Budget Strategic planning Real-time Visibility Purchasing 52

Procurement Software

MARCH 7, 2023

Procure-to-Pay (P2P) and Source-to-Pay (S2P) are not just fancy acronyms used by consultants, procurement and finance professionals. Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. What steps are involved in Source-to-Pay?

Sourcing 64

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 64

Arkestro

DECEMBER 5, 2022

Unique obstacles have caused many companies to re-evaluate their sourcing strategies. A combination of factors, including climate change, geopolitical tensions, and global competition for limited resources, have overwhelmed the industry. Food and beverage producers have undergone sweeping changes over the past several decades.

Raw materials 98

Raw materials Procurement Agile and Lean Supply Chain Supply Chain Optimization 98

Procurement Software

DECEMBER 5, 2022

Procure-to-Pay (P2P) and Source-to-Pay (S2P) are not just fancy acronyms used by consultants, procurement and finance professionals. Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. What steps are involved in Source-to-Pay?

Sourcing 52

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

Strategic Sourceror

JUNE 21, 2022

As discussed in a Fortune article , long-haul trips would be simplified, as regulations on driving time affect humans to a maximum of eight hours of work, self-driving trucks would be able to stay on the road for 17 hours. A human truck driver usually takes five days to go from New York to Los Angeles. alone, there are 3.5

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Supply Strategic sourcing 52

Procurement Templates

JANUARY 17, 2024

Back in 1985 HBR wrote an article below: Scene 1: The executive committee meeting ends at 5:30 p.m. What is demand management and why should we use it? Evidence of up to date internal management information availability. Evidence of up to date internal management information availability. On-going review throughout the lifetime of a contract.

Demand 130

Demand Management Buyers Purchasing 130

Positive Purchasing

NOVEMBER 9, 2023

Now, with the need to move beyond price and security of supply to sustainable and ethical sourcing, procurement must become a more strategic and proactive function. I am sure you are comfortable being flexible and agile when buying something different, or sourcing from an alternative more sustainable supplier.

Sustainability 111

Sustainability supply chain budgeting Category management Influencing 111

Planergy

JANUARY 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. IN THIS ARTICLE. Creating Strategic Partnerships. Cristian Maradiaga. King Ocean. Book a Live Demo. How to gain visibility and control of your indirect spend. How to gain visibility and control of your indirect spend.

Suppliers 52

Suppliers Supply Chain Efficiency Raw materials supply chain budgeting 52

Planergy

JANUARY 18, 2024

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Catalog management in procurement is the strategic process of managing and maintaining a product catalog within an organization. How to gain visibility and control of your indirect spend.

Management 52

Management Procurement Supplier relationship management Real-time Visibility 52

IBM Supply Chain Blog

AUGUST 7, 2023

This article, part of the IBM and Pfizer’s series on the application of AI techniques to improve clinical trial performance, focuses on enrollment and real-time forecasting. Efficient clinical trial site selection continues to be a prominent industry-wide challenge. This is in line with existing sector benchmarks.

Data 60

Data Budget Strategy Risk 60

Empowering CPO

MAY 4, 2023

With the growing emphasis on sustainability, ethical sourcing, and digital transformation, procurement is no longer just about cost reduction; it’s an essential function that can provide a strategic advantage to modern businesses. Embrace Digital Transformation A. Some of the key benefits include: 1.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Procurement Software

MARCH 5, 2024

There are so many, in fact, that we expanded our article to include 25 of them. What started out as a top 10 article quickly became obvious that we needed to cover more! It directs incoming requisitions and queries to the appropriate resources based on specific metrics. Hot diggity dawg! US procurement startups are killing it.

Real-time Visibility 52

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

Supply Chain Game Changer

NOVEMBER 15, 2018

Article created and originally published by, and permission to publish here provided by, “SK” Sanjeev Kumar Roy. The last few years have seen a lot of real (and over) hype associated with the emergence of Software Robots (called Bots/Bot) which are disrupting the legacy procurement processes involving human interface.

Procurement 47

Procurement supply chain software solutions supply chain budgeting Purchasing 47

Planergy

JANUARY 26, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. 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.

Risk 52

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

Supply Chain Game Changer

NOVEMBER 13, 2018

Though the phrase partnership is often used, what really constitutes a strategic supplier partnership? In a previous article about supplier management , I suggested that the more a supplier tells you that they are strategic, the less they really are. Strategic is a term that is often overused.

Suppliers 64

Suppliers Supply Chain Efficiency Supplier relationship management supply chain software solutions 64

Planergy

DECEMBER 22, 2022

It includes things like reducing climate risk, emissions reduction, resource conservation, and renewable energy use to help address climate change. Social: The social pillar covers a company’s policies and practices related to human rights, diversity and inclusion, community engagement, and employee relations. More Customers.

Data 52

Data Strategy Sustainability Ethics 52

Procurement Software

FEBRUARY 20, 2024

Also, don’t miss our articles on Nordic (link), UK (link) and German (link) procuretech startups. Apadua Apadua is a professional services sourcing software, based in Cologne, Germany. In addition, Explore uses information from Source and Monitor to update its database. Procuretech in Europe is buzzing right now.

Supply Chain Efficiency 59

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

Procurement Software

JULY 18, 2023

Ask yourself when reading other similar articles whether this is also true of them… The Best 15 Purchasing Software Solutions for SMEs In putting together this list, we were mindful of ensuring that we cover a broad spectrum of requirements. It’s not just about procure-to-pay (P2P) or source-to-contract (S2C applications).

Purchasing 52

Purchasing Contract Negotiation Real-time Visibility 52

Planergy

JANUARY 19, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Pareto analysis is a form of data evaluation that looks at how much of an effect individual factors have on a larger system. How to gain visibility and control of your indirect spend. How Pareto Analysis Works?

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

Pipefy

AUGUST 10, 2023

Process intelligence allows organizations to improve their processes, increasing their operational quality across the board. Business leaders are thus willing to adopt a variety of tools to achieve this goal. Those tools are known by various names, such as process intelligence and process mining software.

Real-time Visibility 52

Real-time Visibility e2e Data Risk 52

EazyStock

JUNE 23, 2022

Inventory management information usually comes from a variety of data sources and is either structured or unstructured. This article explores some of the benefits of big data to inventory management teams. All successful businesses use data to develop strategies and review their outcomes. Processing big data.

Inventory 52

Inventory Data Management Real-time Visibility 52

Planergy

JULY 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. For most companies, the answer is a combination of these factors which add up to needing to understand and manage environmental impact across every part of your business, working toward supply chain sustainability.

Sustainability 52

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

Procurement Software

MARCH 11, 2022

If this were a manufacturing process generating over 30% waste, it would be something that lean experts would be examining closely, questioning the inefficient use of energy and resources. If a third of their time is taken performing tactical or administrative activities , this time isn’t being spent on adding value to the business.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Supply Chain Game Changer

MARCH 18, 2021

Procurement teams article and permission to publish here provided by Sam Jenks. Porter’s Value Chain and modeling of the value chain became the widely-accepted model for strategically aligning an organization, cross-functionally, in order to deliver a valuable product or service to the market. Creating a High Performance Organization!

Procurement team 61

Procurement team Procurement supply chain budgeting Agile and Lean Supply Chain 61

SCMDOJO

MARCH 25, 2022

Retailing and marketing have become part of modern management practice (Chandler, 1977) and have been important factors in the wealth generation. Logistics was first applied and recognised in military operations, its most significant impact is felt through the functions of production, distribution and consumption (Rodrigue and Slack, 2002).

Supply Chain Efficiency 131

Supply Chain Efficiency Agile and Lean Supply Chain Logistics Supply Chain Optimization 131

Pipefy

FEBRUARY 3, 2023

The information listed in invoices helps the accounts payable team keep track of company spending and purchase trends to better predict needs, which in turn improves the purchasing team’s sourcing and strengthens negotiation power. In “ The New Accounts Payable Toolkit ,” author Christine H.

e2e 59

e2e Management Purchase orders Real-time Visibility 59

Supply Chain Game Changer

NOVEMBER 22, 2018

Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? There are so many questions, marketplace changes, and unknown factors at this point. Blog post originally published at [link] Permission to publish provided by Theodore T. Landgraf, CEO at Above the Standard ( [link] ). What are We Seeing Firsthand?

supply chain budgeting 63

supply chain budgeting Procurement Supply Chain Efficiency supply chain software solutions 63

Supply Chain Game Changer

FEBRUARY 16, 2020

IKEA article originally published by, and permission to publish here provided by, Sam Jenks at [link] . In fact, it made me think of a specific chapter I read from Magnus Carlsson’s Strategic Sourcing and Category Management: Lessons Learned at IKEA. How To Differentiate With A Supplier Relationship Management (SRM) Program!

Procurement 54

Procurement Supplier relationship management Suppliers Supply Chain Efficiency 54

Procurement Software

MARCH 11, 2022

If this were a manufacturing process generating over 30% waste, it would be something that lean experts would be examining closely, questioning the inefficient use of energy and resources. If a third of their time is taken performing tactical or administrative activities , this time isn’t being spent on adding value to the business.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

Empowering CPO

JUNE 26, 2023

Introduction In today’s dynamic business landscape, effective procurement strategies are crucial for organizations to achieve sustainable growth and maintain a competitive edge. To stay ahead of the curve and unlock untapped potential, it is imperative for businesses to keep abreast of the latest trends shaping the future of spend analysis.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Collaboration 40

Claritum

JANUARY 25, 2019

Claritum Article - Procurement Blog. While SMEs tend to be flexible and innovative, they often have limited capital resources and expertise with new methods and technologies. While SMEs tend to be flexible and innovative, they often have limited capital resources and expertise with new methods and technologies. Introduction.

Supply chain management 36

Supply chain management Supply chain management Supply Chain Efficiency Supply chain 36

Planergy

FEBRUARY 9, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. 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. Fraud prevention.

Purchasing 52

Purchasing Purchase orders Management Budget 52

Supply Chain Game Changer

NOVEMBER 26, 2018

Check out Procurement Report Card: Most Executives Think Procurement Isn’t Strategic Enough! In fact, it made me think of a specific chapter I read from Magnus Carlsson’s Strategic Sourcing and Category Management: Lessons Learned at IKEA. My girlfriend and I have a dog, named Charlie. Now bear with me here….

Procurement team 43

Procurement team Supplier relationship management Procurement Suppliers 43

Procurement Zen

MARCH 16, 2020

111 Negotiation Techniques - The Ultimate List (for 2020). If you want to discover the all negotiation tactics in one place, then you’ll LOVE this in depth guide. I selected and battle tested these 115 tactics myself. And you can go through the list and choose by when to apply them and how aggressive they are. Deal Design. Storytelling.

Negotiation 52

Negotiation Price Import Influencing 52