Procurement Insights

APRIL 1, 2025

AdaptOne for supplier onboarding, GEP for strategic sourcing) rather than purchasing a comprehensive S2P suite with unused features (e.g., Impact: Ensures 95-100% usage by adapting to real-time requirements, avoiding static S2P features that lag (e.g., Unlike end-to-end Source-to-Pay (S2P) platforms (e.g.,

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e2e Real-time Visibility Sourcing Strategic sourcing 52

Una

OCTOBER 25, 2022

By Hugo Britt | October 26, 2022. Procurement was once known for imposing clunky purchasing processes. Once the relevant information has been collected, you’ll be able to prioritize how best to direct your resources and time. Instead, they’ll be able to spend more time nurturing the relationships that really matter.

Supply Chain Efficiency 105

Supply Chain Efficiency Procurement Purchase orders Real-time Visibility 105

Una

AUGUST 2, 2022

By Hugo Britt | August 2, 2022. Ivalua/Hackett’s 2022 Procurement Insights and Key Issues report found that laggards are being held back by concerns including fear of failure, access to suppliers, legacy system costs, and teams lacking the skills to leverage digital transformation. Take B2B services purchasing as an example.

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Procurement Supply Chain Efficiency Real-time Visibility supply chain budgeting 98

Supply Chain Game Changer

SEPTEMBER 22, 2022

In the interim, requisitions, purchase orders, accounting, and receiving all work together to handle the finer details of the process. Spend Visibility. Spend visibility is a pretty big deal when it comes to procurement or any type of invoicing management for that matter. Real-time Spend Tracking.

supply chain budgeting 101

supply chain budgeting Real-time Visibility supply chain software solutions Procurement 101

Supply Chain Game Changer

AUGUST 29, 2022

In simple terms, apps that help reps save time, simplify their day-to-day tasks, give on-the-go visibility, and offer collaboration is known as a sales app. With more time and energy available to your sales team – they can focus better on one thing – making sales. Offering sales apps is how you do it. What is a sales app?

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Real-time Visibility supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 94

Una

OCTOBER 11, 2022

By Hugo Britt | October 11, 2022. If you’re new to the concept of group purchasing , you may be asking yourself where, exactly, the biggest savings can be found. The answer is no secret: the steepest discounts exist in the most popular categories with the biggest volumes of purchasing. Technology. Facilities Maintenance.

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Spend management Management Purchasing Real-time Visibility 97

Una

AUGUST 30, 2022

By Hugo Britt | August 30, 2022. This is an age-old discussion that we’ve had in procurement for many, many years – how do we reduce dependency on transactional types of activities and free up some of our time from those types of activities and shift that time to much more knowledge-centric types of activities? Get in Touch.

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Procurement e2e Supplier relationship management Real-time Visibility 98

Procurement Software

MAY 16, 2023

Onventis Onventis provides a Procure-to-Pay module for buyers that streamlines the procurement process from purchasing to payment. The software automates workflows and approvals, manages supplier catalogues, and provides real-time analytics for better decision-making. CEO Frank Schmidt was a guest on the podcast in April 2022.

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Procurement Purchase orders Real-time Visibility Purchasing 96

SCMDOJO

AUGUST 16, 2023

The company has implemented sophisticated barcode scanning and point-of-sale systems to collect real-time data from its stores. By employing these technologies, Walmart gains valuable insights into customer buying behavior, sales trends, and inventory levels.

Supply Chain Efficiency 98

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 98

Supply Chain Game Changer

SEPTEMBER 5, 2022

One of the terms that has entered the zeitgeist, holding the promise of providing some exciting new future state, is the “Metaverse” For some time we have also been describing a future that will define much of how businesses and economies and institutions will run in the future. The Supply Chain Renaissance Has Begun!

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Supply Chain Optimization Supply chain Real-time Visibility e2e 92

TYA Suite

MAY 14, 2023

Inventory management or inventory control is the process of monitoring the warehouse of a business to ensure that the stock is being used at the optimum level and is managed well. Automation eliminates human error, saves time, and decreases the probability of mistakes.

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Inventory Real-time Visibility Management Supply Chain Efficiency 52

Supply Chain Game Changer

NOVEMBER 16, 2022

Collaborating with the suppliers without any systems would mean wasting time searching through voicemails, printed documents, and email threads to locate the needed information. In 2022, this became history with procurement automation solutions. Direct purchase requests from employees are possible with varying levels of auto-approval.

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Supply Chain Efficiency Procurement Real-time Visibility Supply Chain Optimization 19

Supply Chain Game Changer

SEPTEMBER 30, 2022

The best part is that this is possible and achievable without having to upgrade one’s hardware infrastructure or purchase new software licenses. Greater Information Visibility. Improved visibility is guaranteed when opting for cloud storage solutions because data is updated in real-time. Enhanced Efficiency.

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Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions Supply Chain Optimization 112

Supply Chain Game Changer

SEPTEMBER 10, 2022

Individual and institutional consumers have gone on a purchasing spree due to this. Consequently, blockchain’s availability reduces over time, raising its value and the benefits of blockchain. Additionally, it’s considerably simpler to purchase, store, or transmit than other standard wealth stores like precious metals.

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Supply Chain Efficiency supply chain software solutions Real-time Visibility Networking 102

Supply Chain Game Changer

NOVEMBER 1, 2022

It’s that time of year. As such I knew that they had enormous purchasing power with the suppliers as well as being recognized sources of supply by millions of customers. Manufacturers should very easily, and proactively, see in historical demand patterns that demand would start to spike at this time of year. Email Address.

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Real-time Visibility Supply chain Demand Supply 98

Procurify

JULY 4, 2022

Purchasing and procurement problems can be costly. Unregulated purchasing activities cost businesses 10-30 percent of targeted savings. These numbers are the stuff of nightmares so most businesses try to avoid these purchasing problems. . In this guide, we’ll walk you through ten purchasing issues and how you can solve them. .

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Real-time Visibility Procurement Purchasing Budget 59

Supply Chain Game Changer

OCTOBER 14, 2022

The time-to-consumer indicator is one of the main ways your company’s efficiency is measured. As such, the less time it takes goods to reach the client, the more efficient the material flow. Transparency is also markedly improved, with traceability and visibility of the movements of your goods readily available. Seamless flow.

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Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Supply chain 99

Supply Chain Game Changer

OCTOBER 24, 2022

ERP systems are used by businesses to automate many processes and allow companies to keep track of inventory and orders. Without an ERP system, you don’t have visibility into your entire supply chain. Planning and purchasing. You know there will be demand for it, and it takes time to build up inventory.

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Real-time Visibility supply chain budgeting supply chain software solutions Inventory 76

Supply Chain Game Changer

SEPTEMBER 14, 2022

Every time someone handles the paperwork, it increases the risk of errors and it’s slowing processing. When your processing time is slow, it leads to vendors who aren’t happy and late invoices. When there are discrepancies between your purchase orders and your invoices and receiving reports, it leads to matching errors.

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Real-time Visibility Purchase orders supply chain software solutions Supply Chain Optimization 86

Una

SEPTEMBER 22, 2022

Procurement embodies purchasing across a wide range of categories. trillion by the end of 2022 and is oftentimes within the top three largest spend categories for an organization. Factors to consider when purchasing IT range from supplier reputation and cost to support, reliability, fit-for purpose, and, most importantly, data.

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Procurement Real-time Visibility Contract Purchasing 98

Supply Chain Game Changer

JANUARY 19, 2022

The supply chain is a significant part of your overall business strategy and inventory management. An effective and efficient supply chain can help your business improve customer satisfaction and money by minimizing wait times for in-demand products. The right technology can make your supply chain visible, accessible, and streamlined.

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Supply Chain Efficiency Agile and Lean Supply Chain Supply chain Strategy 109

Supply Chain Game Changer

SEPTEMBER 28, 2022

Make Your Website Visible and Trustworthy! Thus a website is your strategic source of revenue and brand visibility , which are important considerations before redesigning your website. Still, as time passes, you might notice that your website enjoys fewer visits. Why Think about Redesign? How to Make Redesign Successful.

Real-time Visibility 85

Real-time Visibility Supply Chain Optimization Supply Chain Efficiency supply chain software solutions 85

NLPA (Next Level Purchasing Association)

APRIL 24, 2024

A report by the Dubai Chamber of Commerce and Industry states that digitizing procurement processes can reduce processing times by up to 60%. PwC’s 2022 Global Economic Crime and Fraud survey reported a total loss of $42 billion , which includes fraud losses across various industries, including procurement.

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility Procurement Supply Chain Optimization 52

Supply Chain Trend

OCTOBER 11, 2022

This is a commentary on the article To Share or Not to Share: The Future of Collaborative Forecasting , Foresight 2022, Q4, by Pierre Pinson, Editor in Chief of The International Journal of Forecasting. It is a great way to use data and create supply[1]chain visibility. Asymmetry of Data Ownership. The retailer monetizes that data.

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Data Collaboration Supply chain Real-time Visibility 88

Supply Chain Game Changer

OCTOBER 1, 2022

Purchasing Stats. Consider getting views or likes for your YouTube channel only if you are sure that your videos are valuable and interesting to real users. Upload At The Popular Time. For the best result, you should find the most suitable time to pop your videos on the platform. Follow Trends. Make Creative Thumbnails.

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Supply Chain Optimization Real-time Visibility Supply Chain Efficiency Influencing 19

Pipefy

JANUARY 9, 2023

These are just some of the many challenges procurement teams have had to face since the pandemic and throughout 2022. Among global workers, stress has (once again) reached an all-time high. This presents a very real economic cost for companies already faced with a lack of procurement resources. Complex purchasing systems (31%).

Agile and Lean Supply Chain 59

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

Supply Chain Game Changer

OCTOBER 11, 2022

This connectivity allows for the automated and intelligent operation of that ecosystem in real time with advanced knowledge, capabilities and information informing the requisite decision making needed for both strategic and tactical planning and operation. Digital Supply Chain Journey article originally published on October 11, 2022.

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Supply chain e2e Supply Real-time Visibility 97

Arkestro

APRIL 25, 2023

The workforce shortage reached half a million this year , and many sectors continue to grapple with increased lead times, and volatile material costs. from February 2020 to August 2022. Procurement is a complex, time-sensitive task that creates many challenges in the construction industry.

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

Procurement Software

MARCH 5, 2024

Multi-functional technology enables you to train anywhere at any time, while ever-learning programming allows you to experiment and practice to achieve different outcomes. LavenirAI allows you to train anywhere, any time, so you can stay at the top of your game. These modules can be purchased separately or as one complete suite.

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Real-time Visibility supply chain software solutions Procurement Supply Chain Efficiency 52

Supply Chain Game Changer

AUGUST 30, 2022

In my experience Total Cost of Ownership ( TCO or TCOO) models typically include some combination of the following elements: Unit price (Always the first item) Takedown rate performance Payment terms Freight and Logistics terms and transfer of ownership Lead times (order, delivery, replenishment) Other Parameters (eg.

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Cost of ownership Supply Chain Optimization Procurement Price 103

Pipefy

FEBRUARY 3, 2023

Invoices provide procurement teams the ability to leverage information from past purchases to better inform future purchases. Automated invoice processing simplifies end-to-end invoice processing activities by eliminating the time and costs associated with manually processing invoices.

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e2e Management Purchase orders Real-time Visibility 59

Let's Talk Supply Chain

OCTOBER 3, 2022

Powered by their innovative and customizable IT solutions, SEKO provide a seamless flow of information, giving their ever-growing customer base true supply chain visibility. There’s an ecosystem out there, and we should all leverage it… it’s so important to partner with, and purchase from, best-in-class providers.

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Demand Real-time Visibility Agile and Lean Supply Chain Supply Chain Visibility 52

IBM Supply Chain Blog

DECEMBER 7, 2023

Today’s customers and employees expect a real-time, personalized and connected user experience on any platform. API-led connectivity from IBM IBM® uses a modular but integrated approach to API-led connectivity, allowing organizations to only purchase what they need.

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Real-time Visibility Data Sourcing Collaboration 71

IBM Supply Chain Blog

AUGUST 11, 2023

Or they could migrate all of their data to one cloud provider and find out that there were long stretches of time where they were only using a fraction of their cloud footprint, yet were paying for the entire thing. And technology budgets are rising commensurate to this new reality. IT spending is expected to increase to $4.6

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Import Management Budget Real-time Visibility 74

IBM Supply Chain Blog

MARCH 16, 2023

France has been a first-mover with French Decree 2022-748 AGEC , which stipulates that brands selling in France as of January 2023 must include point-of-sale labelling with detailed and verified information about reparability, recyclability, sustainability, traceability and more.

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Supply Chain Efficiency Sustainability Raw materials Real-time Visibility 56

Procurement Software

FEBRUARY 20, 2024

Feature highlights include: Easy to use five-category classifications, best in class enterprise taxonomy, the ability to gain insights from trend analysis and organisation behaviours, 100% spend visibility and proprietary machine learning algorithms designed to deliver accuracy. M&A) The solution gives you full spend visibility.

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

IBM Supply Chain Blog

SEPTEMBER 27, 2021

This year, rather than offering big discounts or slashing prices, consider promotions that encourage loyalty (after all, repeat customers are your best customers), offer bundles (combining two or more items), and consider high-value, low-cost freebies with purchase. This reduces delivery time and allows you to market the products as “local”.

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