Arkestro

MARCH 27, 2024

After years of focusing on cost reduction, the majority of procurement leaders say they plan to spend more and increase workloads in 2024, meaning procurement buyers will have more power to influence change and optimize spend across the entire supply chain. But what does a procurement buyer do, exactly?

Buyers 52

Buyers Supply Chain Efficiency supply chain budgeting Procurement 52

SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. Sourcing plays a crucial role in building strong supplier relationships and achieving cost-effectiveness in the supply chain. Stocking: Stocking relates to the physical storage and management of inventory within a supply chain.

Procurement 97

Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 97

Arkestro

JUNE 6, 2022

Not made baseless assumptions about how the software operated. Conducted better due diligence before settling on a particular solution. SolutionMap is designed to help procurement professionals save time on long, drawn-out software RFP processes. These were the only solutions for procurement practitioners at the time.

supply chain software solutions 52

supply chain software solutions Supplier negotiation Bidding Procurement 52

SCMDOJO

JULY 3, 2023

Read More: Top 10 Supply Chain Management Courses to Boost Your Career ] Accreditation and Industry Recognition Check to see if the training programme is acknowledged by the procurement sector or accredited by the relevant professional organizations. Total Cost of Ownership – Post-Covid Supply Chain Realities Lesson 5.

Cost of ownership 78

Cost of ownership Procurement Category management supply chain software solutions 78

Una

APRIL 25, 2023

Here are some of the factors that cause time constraints in procurement: Increased complexity The globalization of markets and the expansion of the supply chain bring cost benefits, but have also led to an increase in the volume and complexity of procurement activities. Why are Sourcing Heroes so often time-poor in procurement?

Procurement 94

Procurement supply chain budgeting Supply Chain Efficiency Contract 94

Procurement Software

APRIL 18, 2023

The benefits of eAuctions There’s one crucial difference between traditional negotiations and eAuction strategies: In an eAuction, the suppliers negotiate between themselves online in real-time. As shown below, this means that the buyer is no longer the go-between for negotiating during an eAuction.

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

Procurement Software

MARCH 11, 2022

A direct materials buyer can frequently deliver a $1 million hard saving after the conclusion of one major supplier negotiation. But such a large sum from one negotiation or tender is virtually unheard of in many indirect categories. I’m not saying they have an easy ride or that this is straightforward to achieve.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Procurement Software

MARCH 11, 2022

A direct materials buyer can frequently deliver a $1 million hard saving after the conclusion of one major supplier negotiation. But such a large sum from one negotiation or tender is virtually unheard of in many indirect categories. I’m not saying they have an easy ride or that this is straightforward to achieve.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Empowering CPO

JULY 5, 2023

At its core, managed procurement services cover the spectrum of procurement activities: from identifying potential suppliers, negotiating contracts, ensuring quality control, managing supplier relationships, to evaluating and adjusting procurement strategies based on ongoing data analysis.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Real-time Visibility 52

Procurement Software

FEBRUARY 20, 2024

European procurement software startups are growing fast, and we’re constantly seeing new ones landing onto the scene. If you want to search the whole range of procurement tech companies out there beyond just startups, then check our our free software directory. Procuretech in Europe is buzzing right now.

Supply Chain Efficiency 59

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

Empowering CPO

JUNE 26, 2023

By leveraging this information, organizations can identify top-performing suppliers, foster collaborative relationships, and address potential issues proactively. Stronger supplier relationships lead to better pricing, improved service levels, and a more reliable supply chain.

Real-time Visibility 40

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

Empowering CPO

JULY 2, 2023

How Procurement Fits into a Business’s Operations In the broader context of business operations, procurement is the crucial link between an organization’s internal needs and the external supply market. Moreover, procurement is often directly involved in achieving strategic business goals.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Procurement Software

FEBRUARY 6, 2024

Then check our our free software directory. If you’re a consultancy, an investor, or a solution provider and need to do deeper analysis of the market, we also offer subscriptions to our back end database. Key Data: Founder / CEO: Mark Zeise Date Founded: 2016 Visit Trackado profile in our Software Finder 2.

Procurement 52

Procurement supply chain software solutions Supply Chain Efficiency Negotiation 52

ivalua

MARCH 9, 2023

S2P is the end-to-end process that encompasses all the activities between an organization and its suppliers. It starts with identifying the right suppliers for a need, sharing requirements and evaluating supplier offers, selecting the most appropriate supplier, negotiating terms and contracting with them to receive goods and/or services.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

Pipefy

JUNE 15, 2023

This is especially true for leaders and teams wanting to become much more agile and resilient in light of the challenges created following recent supply chain disruptions. On-premise options have high upfront and maintenance costs compared to cloud solutions that use pay-as-you-go subscriptions without any investment.

Procurement 52

Procurement supply chain software solutions Purchase orders Procurement solutions 52

Empowering CPO

MAY 4, 2023

By effectively managing the purchasing process, companies can better control their expenditures and optimize their supply chain, ensuring the availability of the right products and services at the right time. e-Procurement platforms: Comprehensive solutions that automate the entire procurement process, from requisition to payment.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Empowering CPO

JUNE 27, 2023

Here are some key data sources to explore for comprehensive spend analysis: Procurement Systems: Internal procurement systems such as e-procurement platforms, purchase order systems, and contract management systems provide valuable data on purchasing activities, supplier information, and transaction details.

Real-time Visibility 40

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

Empowering CPO

JUNE 27, 2023

Here are some key advantages: Cost Savings and Expense Optimization: Spend analysis helps identify cost-saving opportunities by pinpointing areas of overspending, consolidating suppliers, negotiating better pricing, and leveraging volume discounts.

Procurement 52

Procurement Supply Chain Optimization Real-time Visibility Procurement strategies 52

Empowering CPO

JUNE 27, 2023

Risk Mitigation: Category spend analysis helps identify potential risks associated with suppliers, such as single-source dependencies, supplier stability, or non-compliance issues. By proactively addressing these risks, organizations can minimize disruptions and ensure a reliable supply chain.

Procurement 40

Procurement Supply Chain Optimization Supplier consolidation Suppliers 40

Empowering CPO

JUNE 25, 2023

Whether it’s raw materials for manufacturing, software for operations, or services for customer support, procurement is the bridge that connects businesses to the resources they need to function and grow. Globalization has made supply chains more complex and harder to manage. However, procurement goes beyond mere buying.

Procurement 52

Procurement supply chain budgeting Real-time Visibility Supply Chain Efficiency 52