SCMDOJO

JUNE 6, 2023

Supply chain optimization can achieve this with the help of data analytics. Data analytics helps businesses make data-driven decisions and initiatives. Data analytics helps businesses make data-driven decisions and initiatives. How does data analytics help supply chain optimization?

Supply Chain Optimization 72

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency supply chain software solutions 72

Spend Matters

JANUARY 5, 2024

Throughout the year our analyst team provides vendor-specific profiles and tech solution analyses as part of Spend Matters Insider content. Exploring the world of procurement tech in Q4 Spend Matters Insider coverage in Q4 included more than just our staple Vendor Analyses.

e2e 76

e2e Procurement supply chain software solutions Contract 76

Spend Matters

MARCH 25, 2024

We recently spoke with Stuart Brock , founder and President of startup iKinetiq Innovation Solutions which helps procurement functions design the right strategy to optimize processes, gain deeper insights, and enable data-driven risk management with a focus on using AI technologies responsibly.

Procurement contracts 111

Procurement contracts Contract Procurement Negotiation 111

Spend Matters

OCTOBER 4, 2023

Throughout the year our analyst team provides vendor-specific profiles and tech solution analyses as part of Spend Matters Insider content. Exploring the world of procurement tech in Q3 Spend Matters Insider coverage in Q3 included more than just our staple Vendor Analyses.

Procurement 88

Procurement e2e Contract Sourcing 88

Spend Matters

JANUARY 23, 2024

This article was derived from an interview between Spend Matters analysts Pierre Mitchell and Bertrand Maltaverne based on research conducted in partnership with SAP. We see this with the incorporation of a LLM into SAP Ariba Category Management and the increasing role of Joule across our portfolio.”

Category management 63

Category management Data Procurement supply chain software solutions 63

Procurement Heads

MAY 16, 2023

What I really liked about procurement back then, and still love about procurement today, is the mixture of analytics and data-driven skills that you need, coupled with interpersonal skills, commercial acumen and negotiation. It is a massive topic and one of the key challenges. Where do I start? There is a war on talent.

Ethics 130

Ethics Sustainability supply chain software solutions Procurement 130

Procurement Heads

MAY 16, 2023

What I really liked about procurement back then, and still love about procurement today, is the mixture of analytics and data-driven skills that you need, coupled with interpersonal skills, commercial acumen and negotiation. It is a massive topic and one of the key challenges. Where do I start? There is a war on talent.

Ethics 130

Ethics Sustainability supply chain software solutions Procurement 130

Spend Matters

DECEMBER 14, 2023

For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. Historically, the challenge has always been how to convert the right data into actionable insights at the point of use.

Procurement solutions 71

Procurement solutions Procurement Procurement team Data 71

Procurement Heads

DECEMBER 15, 2022

For Procurement Heads ‘ latest Big Interview, James spoke with James Dobbin about all things procurement – including his own procurement career, insights into Portland, current hot procurement topics and what he looks for when hiring into his team. How did you get into procurement? I’ve been in procurement for such a long time now.

Sustainability 130

Sustainability Supplier relationship management Contract management Procurement 130

Una

NOVEMBER 30, 2022

Going digital also shows real-time value through more accurate spending transparency, better supplier relationship management, and advanced leveraging of data and analytics. . The survey also found: 87% prioritize building data teams to gain predictive insights and deploy new technologies.

Procurement 97

Procurement Supply Chain Efficiency Supply Chain Optimization Supply chain 97

ivalua

APRIL 27, 2023

Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. Those are three hot topics in the enterprise today. She also explained how Ivalua was instrumental in making that happen.

Sustainability 130

Sustainability Risk Supply Chain Efficiency Agile and Lean Supply Chain 130

ivalua

APRIL 12, 2019

A recent Ivalua study with Forester identified capacity being consumed by operational and manual activities as one barrier, along with a lack of contextual access to insights, and poor data quality as other blockers. That means the “data layer” which must provide a “unified data foundation”. Help build a shopping cart.

Procurement team 176

Procurement team Data Suppliers Contract 176

Procurement Software

MARCH 19, 2024

Traditional AI systems are primarily used to train algorithms to analyse data and make predictions. Generative AI, on the other hand, goes a step further by creating new data similar to its training data. Gartner’s introductory guide to this topic provides a great overview.

Procurement 52

Procurement Category management supply chain software solutions Data 52

Una

AUGUST 17, 2022

Understanding and Taming Tail Spend. A comprehensive guide designed to tame tail spend in a way that leads to reduced risk and increased cost savings. Taming Tail Spend. This comprehensive guide will go over tail spend in procurement and provide resources for how to implement an effective tail spend management strategy.

Real-time Visibility 98

Real-time Visibility Spend management Procurement team Purchasing 98

ivalua

FEBRUARY 4, 2020

North Carolina State Poole College of Management recently produced this 28 page report entitled “ 2019 Supply Chain Data Quality and Governance Study ”. The report contains some great illustrations of the current state of Data governance across the organizations that were surveyed, with a specific focus on the supply chain.

Data 130

Data Quality Supply chain Suppliers 130

Empowering CPO

JUNE 26, 2023

Explanation of Spend Analysis and its Importance in Healthcare In the ever-evolving landscape of the healthcare industry, optimizing costs and maximizing efficiency has become paramount. This is where spend analysis steps in as a powerful tool to help healthcare organizations gain deep insights into their procurement activities.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Supplier consolidation 52

Empowering CPO

JUNE 26, 2023

As a leading procurement services company specializing in spend analysis, EmpoweringCPO understands the vital role that insightful data plays in driving informed decision-making and optimizing procurement processes. At EmpoweringCPO, we believe that knowledge is power.

Real-time Visibility 40

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

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. We'll look at the challenges they face, and how smaller businesses can afford a spend analytics solution that works for their unique needs. Building on invoices, not orders.

Contract 52

Contract Purchase orders Data Spend management 52

IBM Supply Chain Blog

APRIL 18, 2024

While AGI remains theoretical, organizations can take proactive steps to prepare for its arrival by building a robust data infrastructure and fostering a collaborative environment where humans and AI work together seamlessly. It might suggest a restaurant based on preferences and current popularity.

Data 95

Data Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 95

Empowering CPO

JULY 5, 2023

Introduction Welcome to our exploration of a fascinating convergence shaping the future of business operations: the intersection of technology and managed procurement services. Before we dive in, let’s first set the stage by discussing EmpoweringCPO, a leader in the field of managed procurement services.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Real-time Visibility 52

Procurement Software

OCTOBER 3, 2023

The topic of supplier consolidation is a popular one, especially across indirect procurement spend. If we take the 80/20 rule, then 80% of the supply base usually accounts for just 20% of an organisation’s total spend. First, let’s ask a simple question which is notoriously difficult for Procurement Manager to answer.

Supplier consolidation 59

Supplier consolidation Suppliers Procurement Category management 59

Planergy

JANUARY 19, 2023

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. 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

Zycus Cognitive Procurement

OCTOBER 20, 2022

Cognitive procurement is a hot topic in the business world today. In broader terms, cognitive procurement can augment all parts of procurement, such as identifying potential suppliers, automating the contract management process, and creating a touchless procurement experience. But what exactly is it? Increasing procurement efficiency.

Real-time Visibility 59

Real-time Visibility Procurement Procurement team Risk 59

Empowering CPO

JUNE 16, 2023

One of the essential tools to gaining this understanding is a process known as spend analysis. Brief Overview of Spend Analysis Spend analysis is a process that involves collecting, cleansing, classifying, and analyzing expenditure data with the purpose of decreasing procurement costs, improving efficiency, and monitoring compliance.

Import 52

Import Procurement Supply Chain Efficiency Real-time Visibility 52

Procurement Software

MARCH 12, 2024

It’s reasonable to expect that its wings will be clipped by some data privacy and confidentiality concerns , especially in large enterprises. A recent Forbes article manages to do this succinctly and in plain English: The main difference between traditional AI and generative AI lies in their capabilities and application.

Procurement 52

Procurement Category management supply chain software solutions Data 52

Arkestro

FEBRUARY 15, 2023

Automotive purchasing has been a hot topic in recent years. Automation helps remove much of the manual work with “cutting POs” like data entry, document management, and approvals. These technologies streamline purchasing related workflows by sifting through enough data to simulate the creation of PO’s based on routine purchases.

Purchasing 52

Purchasing Purchase orders supply chain software solutions supply chain budgeting 52

HICX

JUNE 12, 2023

He says their clients need help in mapping spending for different commodities and forecasting future prices to lower the shock of price fluctuations.  He says their clients need help in mapping spending for different commodities and forecasting future prices to lower the shock of price fluctuations. They

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supplier relationship management Suppliers Risk 52

Procurement Software

MARCH 11, 2022

Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. 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.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Barkers Procurement

MAY 25, 2022

Jersey Electricity needed help to launch a full review of the procurement function, starting from scoping, discovery, planning and implementation for: Spend analysis. Category management. Barkers drafted implementation plans, basing everything around the stakeholder and change management. Challenge Solution Result Challenge.

Contract management 52

Contract management Supplier relationship management Negotiation Contract 52

ivalua

SEPTEMBER 19, 2022

Rather than disrupt supply, let’s disrupt supplier management. The past few years have highlighted serious deficiencies in prevalent supply chain strategies and the major risk that disruptions pose to corporate success. Loss of sales and market share are the most visible and measurable impacts. But a radical rethink is needed to succeed.

Risk management 130

Risk management Supply Chain Efficiency Risk Supply Chain Optimization 130

Procurement Heads

FEBRUARY 16, 2023

This is a topic that is very close to my heart, I understand that we won’t change overnight but we should not put the bar too low either. How did it feel to be recognised once again in the CIPS Power List? It always gives a double feeling in my opinion. There is this saying ‘I am only one, but I am one.

Influencing 130

Influencing Sustainability Procurement Supply Chain Efficiency 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. But here, really, the opportunity is around analytics.” Particularly around risk listening.

e2e 52

e2e Real-time Visibility Supply chain resilience Risk management 52

Procurement Software

MARCH 11, 2022

Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. 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.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

Procurement Heads

AUGUST 9, 2023

I worked for them for 3 years in the Commercial function, did Procurement in different capacities and made my way up to Category Manager whilst I was there. After that I joined State of Flux as a Management Consultant this year. What are the three take homes for the best approach to get into Management Consultancy?

Sustainability 130

Sustainability Procurement Supplier relationship management Suppliers 130

IBM Supply Chain Blog

FEBRUARY 12, 2024

Customer experience (CX) defines a customer’s journey with a company, including both direct and indirect touchpoints. Businesses that place the emotional needs of the buyer persona at the forefront of the customer experience strategy fosters great relationships. It is important to understand customer behaviors on various channels.

Sustainability 77

Sustainability Strategy Real-time Visibility Data 77

Supply Chain Game Changer

FEBRUARY 6, 2020

Do you have a Freight Management Strategy or are you Spinning your Wheels? Freight Management Hell article originally published by, and permission to publish here provided by, Adam Robinson at cerasis.com. The road to freight management Hell is laden with poor freight visibility and outdated systems. That much is clear.

Real-time Visibility 71

Real-time Visibility e2e Management supply chain budgeting 71

The Procuretech Podcast

AUGUST 26, 2020

The topic of data is like a boomerang. It always seems to come back into every discussion when we get into the nuts and bolts of implementing a digital transformation in procurement or even just implementing a software solution to get more visibility into spend analytics. The message is clear.

Data 40

Data Import Strategy Budget 40