The Procuretech Podcast

MAY 3, 2022

Given the current supply chain crisis and geopolitical instability, what better time to speak to a guest from a unique eSourcing solution? Alan Holland, CEO of Keelvar, is here to tell us how AI can offer something more immediate, spot and transactional, in these unstable times when agility matters.

Agile and Lean Supply Chain 52

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

The Good Spending

NOVEMBER 5, 2021

Procurement is on the journey from cost-cutting to value delivery Naturally, Procurement started in the lowest cost arena, where the cheapest bid wins. Lowest bid Supplier selection by the lowest bid is still the dominant approach in many companies, especially public ones. This method is simple, logical, and easy to implement.

Procurement 52

Procurement Bidding Contract Supply Chain Efficiency 52

Procurement Software

MARCH 7, 2023

It enables: Building stronger relationships with your key suppliers Competitive bidding, which optimises cost Evaluating non-price factors important to your organisational objectives e.g. quality, lead time, sustainability Performing the appropriate pre-qualification of suppliers. Improvements to end-to-end supply chain efficiency.

Sourcing 64

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 64

World of Procurement blog

MAY 8, 2024

Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. Well-defined contracts help ensure suppliers meet expectations while protecting the buyer's interests. Conduct supply chain audits and due diligence on high-risk categories. Dual sourcing and supply chain digitization can help.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Software

MARCH 11, 2022

Sustainability initiatives within the supply chain. If this were a manufacturing process generating over 30% waste, it would be something that lean experts would be examining closely, questioning the inefficient use of energy and resources. Competitive bidding for €10k worth of one-time spend. Supplier innovation.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

Procurement Software

DECEMBER 5, 2022

Competitive bidding, which optimises cost. Improvements to end-to-end supply chain efficiency. Some of the more advanced procurement software offering source-to-pay functionality can also provide: Reverse auction capability, with complex functionality for bid and proposal evaluation criteria. Value Drivers (H3).

Sourcing 52

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

Supply Chain Game Changer

NOVEMBER 23, 2018

Growing global complexity in supply chain management has forced organizations to look towards technology as their silver bullet; serving as the missing link between people (supply chain actors) and the ability to collaborate at scale. Check out What Exactly is Blockchain? And How Does it Work? Infographic).

Supply Chain Efficiency 50

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 50

Jaggaer

OCTOBER 8, 2019

They should also extend this digitalization to supply chain management (supplier portal, webEDI, etc.) This is not simply about cost savings here and there (the traditional C-suite view of what procurement does) but driving value and making your organization more agile in an uncertain and rapidly changing world.

Procurement 40

Procurement e2e Agile and Lean Supply Chain supply chain software solutions 40

Supply Chain Game Changer

NOVEMBER 14, 2018

Supplier relationship management is a process for developing and managing collaborative relationships with suppliers at all levels to achieve the required business objectives and overall supply chain strategy. Many organizations have developed web-based portals or use other cloud-based services to tie the supplier and buyer together.

Supplier relationship management 44

Supplier relationship management Suppliers Management Agile and Lean Supply Chain 44

Procurement Software

JULY 4, 2023

It enables organisations to achieve a more efficient, transparent and agile procurement process, thus allowing them to focus on strategic decision-making and business growth rather than transactional and operational tasks. RPA will over time take away a lot of the need for operational buyers and purchase admin roles.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement supply chain budgeting 52

Empowering CPO

JUNE 14, 2023

At its core, procurement is the process of finding, agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. Organizations are now expected to not only manage cost but also to ensure supply chain resilience, mitigate risks, and contribute to strategic objectives.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Planergy

JULY 21, 2023

Goods have fixed prices, whereas services usually involve negotiation between buyers and sellers to reach a pricing agreement. Technology solutions are incredibly helpful in dealing with goods, but they must have an agile stance to maximize value creation as they are applied to service category sourcing.

Management 52

Management Procurement supply chain budgeting Budget 52

Pipefy

MAY 9, 2023

Supplier KPIs Suppliers, by definition, comprise a crucial link in your supply chain. Buyers that don’t use enough suppliers make themselves vulnerable to dependency on one for certain goods or services. Lead time If you’re looking for one metric that gauges the overall efficiency of your supply chain, track the lead time KPI.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

Procurement Insights

FEBRUARY 26, 2025

Hansens concept of “Velocity Procurement” is a modern evolution of his earlier work in supply chain and procurement optimization, reflecting his decades of experience streamlining processes for organizations like the Canadian Department of National Defence and the New York City Transit Authority. That systems success (e.g.,

Agile and Lean Supply Chain 83

Agile and Lean Supply Chain Procurement Real-time Visibility Supply Chain Optimization 83

Procurement Insights

FEBRUARY 26, 2025

Instead, his contributions are more broadly tied to practical applications of algorithmic thinking in supply chain and procurement optimization. The lack of specificity in public recordsunlike, say, the open-source algorithms of TAC-SCM (a supply chain competition)means were speculating on the mechanics. supplier delays).

Supply Chain Optimization 40

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 40

Jaggaer

MARCH 28, 2025

As global organizations face increasing demands to do more with less, procurement and supply chain teams are under pressure to drive greater value while reducing operational complexity. Buyers can review and approve changes to order confirmations before they are applied, enhancing control and reducing the risk of surprises.

Innovation 52

Innovation Supply Chain Efficiency Procurement Procurement team 52