Procurement Software

APRIL 16, 2024

For the companies who are bucking the trend and who are investing more into procurement training, it tends to be driven by more contemporary topics. When you’re trying to develop a strategic procurement team and teach them things like advanced category management, cheap, basic level self-paced online courses won’t be effective.

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Procurement Budget Procurement team Negotiation 52

Procurement Software

MARCH 19, 2024

Gartner’s introductory guide to this topic provides a great overview. It will take time before we have dedicated generative AI-driven procurement software. Category Management AI will increasingly be used to help to write and generate category strategies. Anyone who has used ChatGPT or Midjourney can confirm this.

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Procurement Category management supply chain software solutions Data 52

Procurement Software

FEBRUARY 27, 2024

However, to anyone who’s just getting started on this topic, the terminology may be confusing. But perhaps you don’t really understand how that impacts your sourcing decision when seeking out the best procurement software for your organisation. This also depends on the age of the software and its front end UI.

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Sourcing Contract management Price Procurement 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. Procurement software is increasingly effective at blocking maverick spend , or buyers who don’t follow the rules set by procurement. Why it's worth getting this category under control.

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Real-time Visibility Spend management Procurement team Purchasing 98

SCMDOJO

JULY 3, 2023

Choose between a broad overview of procurement and a focused course that focuses on certain topics like strategic sourcing, contract management, or supplier relationship management. The Category Management Course is designed to provide the necessary knowledge and skills required to support procurement projects or roles effectively.

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Cost of ownership Procurement Category management supply chain software solutions 78

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?

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Supply Chain Efficiency supply chain software solutions Procurement Category management 72

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.

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Procurement Category management supply chain software solutions Data 52

Spend Matters

JANUARY 23, 2024

We see this with the incorporation of a LLM into SAP Ariba Category Management and the increasing role of Joule across our portfolio.” To help shape our understanding of the role of AI versus that of GenAI in procurement, our analysts discussed the following four topics. So traditional AI and GenAI can complement each other.

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Category management Data Procurement supply chain software solutions 64

Supply Chain Game Changer

NOVEMBER 2, 2022

If you’re not a software developer, you probably think of information architecture (IA) as nothing more than the structure of a website or app. For example, a clothing retail website may have an IA that includes main categories such as men’s clothing, women’s clothing, and kids’ clothing. Subscribe Here!

Supply Chain Optimization 84

Supply Chain Optimization supply chain budgeting supply chain software solutions Inventory 84

Procurement Software

JANUARY 16, 2024

Running a few pre-planned eAuctions and refreshing your category strategies every couple of years are not the hallmarks strategic procurement team. And let’s face it, most category strategies are a box-ticking exercise. When that happens, inevitably these category strategies rarely see the light of day.

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Procurement Procurement team supply chain budgeting Budget 52

Spend Matters

AUGUST 23, 2023

And to source the information that the clients are looking for, they need clean, accurate supplier data to be able to use the tech and software available that provides this information. Over the last 12 to 18 months I’ve seen many more discussions around this topic amongst clients and at sessions at events.

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Procurement Data supply chain software solutions Suppliers 71

Let's Talk Supply Chain

FEBRUARY 26, 2024

OneRail is a leading omnichannel fulfillment solution, pairing best-in-class software with logistics as a service, to provide dependability and speed to help businesses meet their delivery promise. 13.10] The different options available to customers, and why the big and bulky category is changing the last mile game.

Real-time Visibility 59

Real-time Visibility supply chain software solutions Supply Chain Optimization supply chain budgeting 59

Market Dojo

DECEMBER 14, 2017

This research featured results from a range of different procurement professionals and covering a wide variety of topic areas. The infographic presents finding on the categories and aspects of categories that present barriers including: Working Knowledge. Category Suitability. Internal Resources. Supplier Market.

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Negotiation Demand Suppliers Procurement 40

Procurement Heads

JANUARY 10, 2023

How do you break down the function in terms of category and spend and what sort of things will you be looking for moving forward? We have adopted an approach around the categories within that we have a team that do general and direct stuff and a specialist team in IT and some division within that, software and services.

supply chain software solutions 130

supply chain software solutions Supply Chain Efficiency Negotiation Procurement 130

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

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 can help identify trends, extract key concepts and predict customer interests.

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Data Influencing Strategy Product development 58

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. As customers’ options increase, so do their expectations. 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. As customers’ options increase, so do their expectations. 2) Early detection.

Category management 52

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

The Procuretech Podcast

JULY 5, 2022

This week we're diving back into the topic of spend analytics and spend analysis, with a focus on smaller and medium sized businesses. So he built a very crude version of his software then, and realised it was a tool that others could benefit from. I add that selling consulting isn't half as scalable as selling software!

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Contract Purchase orders Data Spend management 52

Empowering CPO

JUNE 26, 2023

Preview of the Key Topics Covered in the Guide In this comprehensive guide to spend analysis in healthcare, we will delve into the intricacies of leveraging spend analysis to optimize costs and drive operational efficiency in the healthcare sector. Data-Driven Decision-making: Informed decision-making is crucial in healthcare.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Supplier consolidation 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. 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

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

OCTOBER 9, 2022

His roots are in the supplier side, which led to some big tenders from a software supplier back in the early 2000s. Because of his software background, he was used to having just one day to close the deal, sign the contract and start collaboration and delivery the next day. And this doesn't just apply to software procurement.

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Procurement Raw materials Contract Suppliers 40

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. The post How Supplier Consolidation reduces Procure-to-Pay pain appeared first on Procurement Software.

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Supplier consolidation Suppliers Procurement Category management 59

The Procuretech Podcast

MAY 3, 2022

This week we're taking on a very relevant topic in today's marketplace. Beyond ocean freight – Keelvar and other categories. For a final question I ask Alan about other categories outside of ocean freight where Keelvar has been a success. Keelvar can be applied to direct and indirect categories, which is quite unique.

Agile and Lean Supply Chain 52

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

EazyStock

JUNE 24, 2020

Inventory optimization software is an important piece of the puzzle. We start with a brief overview of all three topics. Organizations are introducing software to drive efficiency right across their operations – from financial analysis to marketing automation. How Inventory Optimization Software Works.

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Inventory Management Supply Chain Optimization supply chain software solutions 98

Jaggaer

AUGUST 12, 2020

Sourcing was in chaos and a topic that concerned many customers was that they were pushing back transportation tenders – and especially any planned mega – bids – while they waited to see how the market would develop. That applies even if their main categories – for example, transportation – are still quiet.

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Sourcing Bidding supply chain software solutions Supply Chain Optimization 52

Arkestro

SEPTEMBER 5, 2023

In this blog, Arkestro sat down with Jeoff Burris, the Founder and Principal of Advanced Purchasing Dynamics and Procure-Force solution team member, to get his thoughts on hot button topics such as: supply chain disruptions, quote fatigue, managing costs, and more – that are top of mind for automotive procurement teams.

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Procurement supply chain software solutions supply chain budgeting Buyers 52

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.

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Inventory control Supply Chain Optimization Inventory Quantity 98

SCMDOJO

SEPTEMBER 14, 2023

Students may find it more challenging to collaborate on projects, discuss ideas, or seek instant clarification on complex topics. Software tools like note-taking apps, calendar applications, and productivity trackers can further assist you in staying organized.

Import 57

Import Networking Strategy Management 57

Supply Chain Game Changer

JULY 16, 2020

Business management tools like spreadsheet software and invoice-creation tools saved significant amounts of time and aided recordkeeping. Companies got a taste of the now-booming software-as-a-service (SaaS) industry starting in 1999. Nichols is a STEM writer who covers engineering, science and technology topics.

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supply chain software solutions Supply Chain Efficiency Supply chain Supply 124

SCMDOJO

NOVEMBER 2, 2023

Services Dr. Muddassir offer are as follows: Digital Transformation Inventory Optimization Analysis Advisory and Coaching for Supply Chain Software companies & Professionals Guide: Dr. Muddassir as the supply chain specialist has created 7 e-Books for the SCMDOJO Academy with his extensive knowledge and experience in the field.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 59

The Procuretech Podcast

JANUARY 18, 2022

Melissa Drew, Associate Partner at IBM is my guest to dive into the topic of use cases for AI in procurement applications. What questions should buyers be asking procurement software suppliers to determine their AI capabilities? Seemingly every software company is using some kind of AI, regardless of the solution they are offering. .

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Procurement Procurement team Data Import 40

The Procuretech Podcast

OCTOBER 5, 2022

Depending on how the technology's been deployed, some people might be sceptical about this topic. Jacob introduced E-sourcing across all these different industries, and in doing so, learned that it's not an industry or category specific thing. Sign up for the Procurement Software Newsletter. Stay in touch.

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Negotiation Sourcing Price Procurement 40

Procurement Heads

JUNE 22, 2022

I really started to cut my teeth on the whole end-to-end category management and the industry as a whole, the progression was natural for me. Although it is a bit of a buzz word resiliency is definitely a top topic at the moment. We won a CIPS award for Best Procurement Operation Start-Up.

e2e 130

e2e supply chain software solutions Supply chain Suppliers 130

Procurement Software

MAY 23, 2023

Procurement excellence is a hot topic these days. There should be less focus on category management and more focus on the top level relationships with the company’s largest and most important suppliers. The book gives the example of Bosch in the automotive industry, with them spanning multiple categories.

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Procurement supply chain budgeting Agile and Lean Supply Chain Suppliers 52