Zycus Cognitive Procurement

NOVEMBER 29, 2022

The 3 Rs of riding out of the recession storm. Continuing to invest to secure longer-term growth to do well after a recession. Hence, cost structures must be reviewed and rewired periodically, particularly ahead of a recession when there is pressure on incremental sales and profitability. Review & rewire cost structures .

Strategy 52

Strategy Real-time Visibility Contract e2e 52

Pipefy

JANUARY 9, 2023

These are just some of the many challenges procurement teams have had to face since the pandemic and throughout 2022. What all of these obstacles have made clear is that process resilience and long-term procurement strategies are essential for mitigating future risks. 5 procurement trends for 2023.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Procurement Procurement team Supply Chain Efficiency 59

Una

AUGUST 9, 2022

In this article, we’ll explore ways to achieve cost reduction in procurement and ensure business continuity in times of economic uncertainty. Retail was also hit hard during the pandemic, although some online retailers ended up thriving in an unexpected eCommerce boom. How to Use Group Purchasing as a Cost Reduction Strategy.

Purchasing 96

Purchasing Strategy supply chain budgeting Procurement team 96

Zycus Cognitive Procurement

JANUARY 24, 2023

However, as 2023 starts, CPOs have a new range of challenges to tackle, such as soaring inflation and a looming recession. So, the question remains: What are the key challenges and agenda items for procurement leaders in 2023, and how will they adapt to these challenges?

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Una

JUNE 8, 2023

The fact is that procurement teams can only do so much. We need to focus on those that are critical for maintaining a reliable supply chain, optimizing costs, driving innovation, improving efficiency , and supporting strategic objectives. What Makes a Supplier Strategic? What makes a supplier strategic - and why does it matter?

Suppliers 52

Suppliers Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 52

The Procuretech Podcast

OCTOBER 5, 2022

We're continuing with our mini series where we ask influencers and industry experts for their thoughts and nuggets of advice on everything that's happening in the digital procurement world. Instead we'll be sharing all the tips, tactics, and observations Jacob has learned during his long career in this space.

Negotiation 40

Negotiation Sourcing Price Procurement 40

Procurement Software

APRIL 18, 2023

As shown below, this means that the buyer is no longer the go-between for negotiating during an eAuction. It also improves your agility across everyday procurement processes. ” – Jacob Gorm Larsen Between the aftermath of COVID 19 and continuing global unrest, we’re at the brink of another world recession.

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

Supply Chain Game Changer

SEPTEMBER 5, 2022

Another typical holdback is that many companies still believe supply chain visibility is an operations and procurement function and relegate it to that silo to manage. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Supply Chain Visibility – An Overcomplicated Challenge! Siloed decision making.

Supply Chain Visibility 95

Supply Chain Visibility Real-time Visibility Supply Chain Efficiency supply chain budgeting 95

Una

OCTOBER 9, 2023

DOWNLOAD PLAYBOOK Table of Contents Introduction In procurement and supply chain, staying ahead of the game is not just a goal – it’s a necessity. DOWNLOAD PLAYBOOK Table of Contents Introduction In procurement and supply chain, staying ahead of the game is not just a goal – it’s a necessity.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Supply Chain Game Changer

NOVEMBER 10, 2018

With pricing under pressure from recession-scarred consumers, the temptation for retailers is to transfer the pain upstream to their suppliers by passing on price reductions and forcing them to bear an increasing share of costs. Supplier chain collaboration itself isn’t new. Without the apps, the iPhone is just another ordinary phone!

Collaboration 66

Collaboration Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 66

Zycus Cognitive Procurement

NOVEMBER 29, 2022

Recession to Recovery. Amidst the pandemic-driven recession, a leading insurance provider based in the US was working towards the objectives of – Reducing their process & cycle times. Measuring the productivity of the procurement dept. rst step towards standardization of procurement processes across divisions.

Strategy 52

Strategy Chief Procurement Officer Purchase orders Suppliers 52

Una

MAY 25, 2023

Managing Procurement Risk with a Group Purchasing Organization Explore how a group purchasing organization can be an effective solution for managing procurement risk and improving overall procurement processes. Hot tip: Never underestimate the potential impacts of procurement risk.

Purchasing 96

Purchasing Risk Management Procurement 96

Una

MAY 25, 2023

Managing Procurement Risk with a Group Purchasing Organization Explore how a group purchasing organization can be an effective solution for managing procurement risk and improving overall procurement processes. Hot tip: Never underestimate the potential impacts of procurement risk.

Purchasing 52

Purchasing Risk Management Procurement 52