Spend Matters

JANUARY 23, 2024

It basically multiplies efficiency through higher process automation. In SAP® Ariba® Sourcing, for example, there are AI-driven tools that enable practitioners to automate the RFx process. Automation will aid in the selection of suppliers and deciding questions to ask, saving everyone valuable time.”

Category management 65

Category management Data Procurement supply chain software solutions 65

IBM Supply Chain Blog

FEBRUARY 2, 2024

Not an easy task when you need to celebrate the achievements and stories of more than 1,000 nominees across nearly 100 categories. Next they select an artist or award category to feature, the subject of the post, such as biographical information, GRAMMY achievements, or philanthropic causes, and any topics to exclude from the output.

Collaboration 61

Collaboration Data Innovation Networking 61

Spend Matters

JANUARY 9, 2024

This might be for small use cases like replacing Google when we have a question or more advanced cases like supporting category managers in the buying process. In fact, just recently, we held a webinar with CASME exploring this same topic, bringing together two procurement leaders, who had perspectives from both sides of the argument.

Procurement 81

Procurement Buying process Suppliers Category management 81

Procurement Software

MARCH 19, 2024

Gartner’s introductory guide to this topic provides a great overview. Generative AI’s current impact in procurement is best illustrated by tech-savvy procurement category managers leveraging apps like ChatGPT and Bard to streamline the execution of routine tasks. Anyone who has used ChatGPT or Midjourney can confirm this.

Procurement 52

Procurement Category management supply chain software solutions Data 52

ivalua

APRIL 12, 2019

There are some obvious applications, such as invoice data capture, data analytics and automating ordering / approval processes, yet, Saric asked, why don’t we have practitioners talking about successful AI case studies yet? That again covered AI, although with the title of “Enabling Smarter Procurement”, there were other topics too.

Procurement team 176

Procurement team Data Suppliers Contract 176

Procurement Software

MARCH 12, 2024

Gartner has also put together an interesting, well written article on the topic which I would highly recommend as an introductory guide. It can perform, or drastically reduce, the workload for a lot of tasks that are not only administrative in nature, but also those being performed by Buyers and Category Managers.

Procurement 52

Procurement Category management supply chain software solutions Data 52

Solvoyo

JUNE 10, 2020

Increasing competition by online marketplaces, along with evolving consumer expectations and shopping patterns are making the category management decisions more complex. Category management and merchandise planning are at the core of retailing. 3) Data Analytics & Automation. 2) Early Detection.

Category management 52

Category management Supply Chain Optimization Agile and Lean Supply Chain Supply Chain Analytics 52

Solvoyo

JUNE 9, 2020

Increasing competition by online marketplaces, along with evolving consumer expectations and shopping patterns are making the category management decisions more complex. Category management and merchandise planning are at the core of retailing. 3) Data Analytics & Automation. 2) Early detection.

Category management 52

Category management Supply Chain Optimization Agile and Lean Supply Chain Supply Chain Analytics 52

Procurement Software

MARCH 11, 2022

And yet, poor operational efficiency in Procurement means that the typical Category Manager often spends at least a THIRD of their time performing “busy work” This is not an effective or efficient use of their time. All of whom would typically earn less than a Category Manager. Do you really need a team of 10 category managers?

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Procurement Heads

MARCH 27, 2023

We’re a centralised indirects procurement team with category management being introduced where it can in order to support the parts of the business where we need subject specialism. Automation is going to continue to ramp up. What are the roles and responsibilities the procurement function holds within Futures Housing Group?

Sustainability 246

Sustainability Agile and Lean Supply Chain Influencing Procurement 246

The Good Spending

MAY 28, 2023

Here we assume that the interaction with end-users will happen via the Procurement Service Desk in Middle Office, the sourcing function will reside in Front Office alongside the Category Management and Front Office will also include the Strategy, Analytics, and Functional Development capabilities. My Udemy course "Procurement Lab."

Procurement team 52

Procurement team Procurement Category management Sourcing 52

Solvoyo

JUNE 9, 2020

The decisions around category management can no longer be supported by manual analysis based on broad assumptions and averages. Category management and merchandise planning are at the core of retailing. These companies are built on data analytics and thrive on automation. As customers’ options increase, so do their expectations.

Category management 52

Category management Agile and Lean Supply Chain Supply Chain Analytics Supply Chain Optimization 52

Una

AUGUST 17, 2022

For the sake of simplicity, and to maybe bring a little humor to the topic of tail spend , we’ll start by comparing it to a house cat. The usual approach is to automate wherever possible, and to use a set-and-forget solution for managing decentralized spend. Why it's worth getting this category under control.

Real-time Visibility 98

Real-time Visibility Spend management Procurement team Purchasing 98

Una

NOVEMBER 30, 2022

Procurement departments are adopting digital sourcing strategies to automate routine processes and fill employment gaps. While digital procurement has been a topic for several years, the receding pandemic and geopolitical conditions have brought the topic to the forefront of many companies. Increased efficiency through big data.

Procurement 97

Procurement Supply Chain Efficiency Supply Chain Optimization Supply chain 97

Procurement Software

MARCH 11, 2022

And yet, poor operational efficiency in Procurement means that the typical Category Manager often spends at least a THIRD of their time performing “busy work” This is not an effective or efficient use of their time. All of whom would typically earn less than a Category Manager. Do you really need a team of 10 category managers?

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

The Good Spending

MARCH 10, 2023

Three years ago, I wrote in " The Technology Procurement Handbook ": "Three horsemen of Apocalypse – decentralization, automation, and outsourcing – entered the realms of procurement and conquered the transactional and presentation layer. My Udemy course "Procurement Lab." My Udemy course "Foundations of Contracts and Outsourcing."

Procurement 52

Procurement Category management Influencing Budget 52

The Procuretech Podcast

MAY 3, 2022

This week we're taking on a very relevant topic in today's marketplace. Keelvar has sourcing bots that can automate this process, and provide great flexibility in customising this automation. Beyond ocean freight – Keelvar and other categories. This week we're taking on a very relevant topic in today's marketplace.

Agile and Lean Supply Chain 52

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

The Procuretech Podcast

JULY 15, 2020

While many solutions providers in the procuretech space have focused their efforts on automating or simplifying operational procurement, my guest this week is from a company who have used this technology to bring AI-driven benefits to the spend analysis process. If you want to stay relevant, ensure you're aware of what these are!

Category management 40

Category management Price Buyers Risk 40

Procurement Heads

FEBRUARY 2, 2023

Myself, two Category Buyers, each is responsible for one area so we have an ingredients Category Buyer responsible for the day-to-day ingredients and they’ll negotiate tenders, and work with suppliers regarding anything ingredient related. Being able to look at systems and improve and automate, just unlocks so much opportunity.

Raw materials 130

Raw materials Sustainability Procurement Buyers 130

Procurement Heads

MARCH 27, 2023

We’re a centralised indirects procurement team with category management being introduced where it can in order to support the parts of the business where we need subject specialism. Automation is going to continue to ramp up. What are the roles and responsibilities the procurement function holds within Futures Housing Group?

Sustainability 130

Sustainability Agile and Lean Supply Chain Influencing Procurement 130

HICX

MAY 12, 2023

On September 21 & 22, over 5,000 people from numerous leading global corporations came together for DPW Amsterdam 2022 to share their experiences about a wide range of topics in Procurement and Supply Chain. Automate the simple As Sam explains, “We need to break our procurement teams free from the day-to-day tasks that burden them.”

e2e 52

e2e Real-time Visibility Supply chain resilience Risk management 52

IBM Supply Chain Blog

AUGUST 28, 2023

Topic modeling: Topic modeling aims to discover underlying themes and/or topics in a collection of documents. Popular algorithms for topic modeling include Latent Dirichlet Allocation (LDA) and non-negative matrix factorization (NMF). It also automates tasks like information extraction and content categorization.

Data 58

Data Influencing Strategy Product development 58

Procurement Software

OCTOBER 3, 2023

The topic of supplier consolidation is a popular one, especially across indirect procurement spend. Realistically, only the top couple of hundred suppliers are going to be actively managed by Category Managers. If we take the 80/20 rule, then 80% of the supply base usually accounts for just 20% of an organisation’s total spend.

Supplier consolidation 59

Supplier consolidation Suppliers Procurement Category management 59

Planergy

JANUARY 19, 2023

It has been applied to various topics such as economics, business management, quality control, and mathematics. Use PLANERGY to manage purchasing and accounts payable We’ve helped save billions of dollars for our clients through better spend management, process automation in purchasing and finance, and reducing financial risks.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

Supply Chain Game Changer

JULY 16, 2020

Automated systems also exist that utilize optical character recognition (OCR) to look for keywords within electronic documents and handle them according to predefined rules. When the first mobile app marketplace launched in 2008, it only presented 500 offerings within the product categories. Support From Robots and Automated Systems.

supply chain software solutions 124

supply chain software solutions Supply Chain Efficiency Supply chain Supply 124

EazyStock

JUNE 24, 2020

We start with a brief overview of all three topics. Save Time by Automating Inventory Management Calculations. Even sophisticated Enterprise Resource Planning (ERP) or Warehouse Management Systems (WMS) rely heavily on users manually inputting forecasting and replenishment parameters to automate any form of reordering alerts.

Inventory 98

Inventory Management Supply Chain Optimization supply chain software solutions 98

Procurement Software

MARCH 11, 2022

These are the spend categories that they typically understand best. These categories can no longer yield the 3% year-over-year savings. Many categories or contracts have never been interrogated by a procurement professional. This is a whole different topic in itself! Why tail spend can be the bearer of golden goose eggs.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

These are the spend categories that they typically understand best. These categories can no longer yield the 3% year-over-year savings. Many categories or contracts have never been interrogated by a procurement professional. This is a whole different topic in itself! Why tail spend can be the bearer of golden goose eggs.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

The Procuretech Podcast

JANUARY 25, 2022

We're back with another Pub episode, where we dive a little bit deeper into a topic than we do in our normal podcasts and really break down a hot topic in a more informal chat format. We dive into the topic of how people are a vital factor in change management. My guest for this one is Prof. Dr. Florian Kleemann.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Procurement team Change management Procurement 40

Zycus Cognitive Procurement

AUGUST 18, 2022

The cherry on the cake was solution-oriented solution forums that shown the efficiency boost of procurement by embracing next gen technologies like automation and artificial intelligence. All the attendees gained insights from exciting keynotes, best practice lectures, interactive workshops and round tables.

Supply Chain Efficiency 40

Supply Chain Efficiency Supply chain Supply Networking 40

Claritum

AUGUST 4, 2020

However, taking the traditional approach to automate procurement is. Introducing technology that is focused on automating. The focus should not be on automating procurement. The focus should be on automating the buying process from a. The focus should be on automating the buying process from a. not the answer.

Procurement 41

Procurement Procurement team Supply Chain Efficiency Purchasing 41

Claritum

NOVEMBER 16, 2018

However, taking the traditional approach to automate procurement is not the answer. Introducing technology that is focused on automating what the Procurement function does is not the way forward. The focus should not be on automating procurement. Securing competitive suppliers for Indirect Spend categories.

Procurement 69

Procurement Procurement team Supply Chain Efficiency Purchasing 69

Procurement Heads

JUNE 28, 2022

We have to be demonstrating the response to these challenges, not trotting out the same category strategies and six-month templated processes that suit no one other than procurement. If you aren’t engaged on these topics now with active plans endorsed by leadership that procurement is seen to be leading, then what are we here for?

Chief Procurement Officer 130

Chief Procurement Officer Supply Chain Optimization supply chain budgeting Innovation 130

Claritum

MAY 11, 2020

Proposing that an automated solution, orientated towards the engagement of potential partners in the buying and supplying ecosystem, is essential if we are to ensure our businesses are resilient to global events, such as a pandemic. Some organisations have procurement automation tools. 2 Trading During a Pandemic.

Buyers 41

Buyers Suppliers Collaboration Procurement 41

ivalua

DECEMBER 6, 2022

Nowadays, Procurement practitioners primarily talk about emerging topics like the reduction of scope 3 emissions, supplier-enabled innovation and supply risk management. As a result, purchases are linked to the wrong sub-category which jeopardizes the quality of spend analyses while it creates rework in the downstream process.

e2e 130

e2e Suppliers Procurement Contract 130

EazyStock

OCTOBER 20, 2020

So we thought we’d focus on the lesser known topic of ‘stock optimization’ – this is an inventory control technique that’s becoming more popular with inventory managers to improve the efficiency of their supply chain. Then split your stock into categories: A, B, and C. ‘A’ Choose one that works for you.

Inventory control 98

Inventory control Supply Chain Optimization Inventory Quantity 98

Supply Chain Game Changer

FEBRUARY 5, 2020

Introduced by Gartner Analyst, Noha Tohamy, at Gartner’s Supply Chain Executive Conference, AI was broken down into two categories. Automation : AI, which works completely autonomously in any field without the need for any human intervention. This article itself will too create its own unique impression on the internet, once published.

Risk management 73

Risk management supply chain software solutions Supply Chain Efficiency Data 73