Procurement Tactics

JUNE 22, 2023

These tools can help companies to streamline their procurement process, manage their inventory, and maintain accurate records of their transactions. Here are some of the most popular procurement software tools available in 2023: 1. It includes supplier management, contract management , and spend analysis.

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Purchase orders Purchasing supply chain software solutions Buyers 200

Una

APRIL 18, 2023

EPISODE 111 Taking Intelligent Risks with Mark Trowbridge By Kelly Barner | April 19, 2023 We’ve all been mired in years of paralyzing risk and disruption… but could risk taking be just what this moment calls for? Yes – as long as the risks are “intelligent risks.”

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Risk Supplier relationship management Contract management Supply Chain Efficiency 133

SCMDOJO

JUNE 28, 2024

In recent years, there has been a significant shift in the supply chain industry as more and more women are choosing careers in this traditionally male-dominated field. This rise of women in the supply chain is not only breaking gender barriers but also bringing a fresh perspective and new ideas to the table.

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Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 93

Spend Matters

JANUARY 5, 2024

Spend Analytics AnyData Solutions is used for spend analytics, contract management, supplier relationship management and ESG/performance tracking. It makes the invisible visible through discovery and continuously monitors key issues to supply chain risk. Read part 1 here , part 2 here and part 3 here.

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e2e Procurement supply chain software solutions Contract 103

SCMDOJO

AUGUST 21, 2023

Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supply chain!” In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. Discover the Top 10 TikTokers reshaping how you view supply chains.

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Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 98

Procurement Heads

JULY 26, 2023

I established some real cost savings for the company, by collaborating and using an external supply chain. It’s a fair, transparent, and open process to ensure value for money. We implement new contract management procedures so the whole organisation is working to the same contract management levels and principles.

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Contract management Contract Supply Chain Efficiency Price 130

IBM Supply Chain Blog

FEBRUARY 13, 2024

In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability.

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Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. In this comprehensive guide for 2023, we’ve compiled a list of essential procurement synonyms, shedding light on the subtle distinctions that set each term apart.

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Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 105

ivalua

MARCH 9, 2023

Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. ​ It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. What is Source-to-Pay?

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Sourcing Real-time Visibility e2e supply chain software solutions 130

Spend Matters

JUNE 21, 2023

Read our previous coverage here: Carbon Management (Part 1): TechMatch launch, participating vendors and overall results Carbon Management (Part 2): Overview of solutions and strengths/weaknesses But, before going into the details of the update, let’s look at the current state of Carbon Management in procurement and supply chain management.

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Management Supply Chain Efficiency Data Supply chain 75

ivalua

FEBRUARY 27, 2023

Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.

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Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

Spend Matters

DECEMBER 21, 2023

Procurement needs to think AI-first in 2024 and beyond The generative AI wave of 2023 truly brought us into the AI economy, with companies realizing how advances in AI have the potential to transform key processes and workflows that underpin how they operate and generate value.

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Procurement solutions Procurement e2e Real-time Visibility 110

Una

APRIL 18, 2023

By Hugo Britt | April 20, 2023 Search Welcome to Una’s Pain Points in Procurement series. Are we heading for a recession in 2023? This will only make matters worse, as a supplier bankruptcy will disrupt your supply chain. Group purchasing can also help mitigate risk by diversifying the supply chain.

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Risk Procurement supply chain budgeting Supply Chain Optimization 98

Arkestro

APRIL 25, 2023

Resources / Blog / Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Construction companies face a host of challenges in the post-COVID era. from February 2020 to August 2022.

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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?

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Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Supply Chain Game Changer

OCTOBER 28, 2021

Subscribe to Supply Chain Game Changer. Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. between 2018–2023 (MarketWatch 2020). Subscribe Here! Email Address. It’s time to air our dirty laundry.

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supply chain budgeting Procurement Supply Chain Efficiency e2e 89

Procurement Insights

NOVEMBER 23, 2023

Information technology plays a significant role in supporting relationships between the customer and the supplier using electronic data interchange to share data between both sides, this technology provides fast, accurate information and business efficiency to the firm ( Mulligan and Gordon , 2002).

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Suppliers Buyers Risk management Supply Chain Optimization 72

Let's Talk Supply Chain

NOVEMBER 10, 2022

This time, we’ll be putting the spotlight on their Carrier Management Suite and taking a closer look at how it can help you to take a proactive approach to contract management, from ensuring compliance and negotiating rates, to controlling spend and improving relationships. 29.28] Predictions for 2023.

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Contract management Contract Supply Chain Efficiency Data 52

Zycus Cognitive Procurement

JANUARY 31, 2023

Supplier relationship management helps to break down suppliers into categories and develop strategies for managing them in the most efficient way possible. 5 Benefits of Effective Supplier Relationship Management Companies with advanced supplier relationship management capabilities tend to outperform their peers.

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Supplier relationship management Suppliers Management Supply Chain Efficiency 40

TYA Suite

MAY 14, 2023

The entire sourcing and procurement process for identifying, assessing, and negotiating with suppliers of goods or services, finalizing contracts with vendor payment, is another way to define the source to pay concept. E-auctioning is a more efficient way to find reputable and cost-effective vendors.

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Sourcing Raw materials Purchase orders Quantity 52

Arkestro

JANUARY 23, 2024

from 2023 to 2030. Procurement managers play a key role in this rapid growth, helping organizations optimize costs, negotiate favorable terms with suppliers, and ensure financial efficiency. Some procurement managers gain a competitive advantage by earning a master’s degree on top of a bachelor’s degree.

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supply chain budgeting Management Supply Chain Optimization Procurement 52

Una

JULY 18, 2023

By Hugo Britt | July 18, 2023 Search Search Technical skills are changing in procurement. Familiarity with procurement software platforms , e-procurement systems, and vendor management systems is a must. These tools streamline processes, enhance efficiency, and ensure better collaboration with suppliers and stakeholders.

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Procurement Supply Chain Efficiency Agile and Lean Supply Chain Sustainability 52

Procurement Software

APRIL 23, 2024

To do this quickly and efficiently, spend analytics software is your best friend. Sure, but it won’t be very efficient and it’s prone to human error. Located in Amsterdam, Netherlands, the company leverages advanced AI technologies to enhance procurement processes, focusing on efficiency and data visibility.

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

Jaggaer

OCTOBER 3, 2024

This year it reports that the top three priorities remain the same as in 2023, but the order has changed. Ensuring supply continuity moves down a place and combating inflationary pressures is at number three. Increasingly, artificial intelligence-driven solutions, such as JAGGAER’s Contracts AI, reduce effort and increase efficiency.

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

Arkestro

JANUARY 9, 2024

According to Deloitte, the manufacturing industry was in contraction throughout most of 2023 due to challenges like increased lead times, tight labor markets, and rising costs. Survey respondents say the trend is driven by a desire to increase efficiency, improve productivity, reduce errors, and improve cost savings.

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supply chain budgeting Supply chain resilience Procurement Supply Chain Optimization 52

Barkers Procurement

FEBRUARY 25, 2024

2023 was tough. The right digital procurement technology can centralise spend data, identify trends and compliance to metrics, pinpoint opportunities, and simplify supply chain decisions as a result. Procurement Reform In October 2023, the Procurement Bill received a Royal Decree and became the Procurement Act 2023.

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Procurement supply chain software solutions Contract supply chain budgeting 52

Una

SEPTEMBER 21, 2023

Cost Avoidance in Procurement Understand cost savings vs. cost avoidance in procurement and how each distinctly impacts an organization’s approach to cost management. By Hugo Britt | September 21, 2023 Search Search “Hey honey, I just saved our family over $100,000!” It’s more like a cost avoidance.”

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Competitive bidding Ethics Supply Chain Optimization Strategy 52

The Procuretech Podcast

APRIL 26, 2022

Their sourcing module goes right through to offer auctions, as well as basic contract management functionality. There are also additional applications covering supplier and risk management, as well as the catalogues and e-procurement functionality associated with the traditional full stack P2P offerings.

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Procurement Insights

APRIL 3, 2025

As a side note, in a follow-up 2013 and 2023 Procurement Insights post , I talked about companies like Market Dojo, Nipendo, Scout RFP, Tealbook, and several others. What unique benefits can the following ProcureTech solution providers offer to address the above-referenced supply chain challenges: ThroughPut.ai, FlockScore, ProcurEngine.

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Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain Real-time Visibility 52