Jaggaer

OCTOBER 24, 2024

Building Stronger Relationship s : Effective Approaches to Multi-Tier Supplier Collaboration A chain is only as strong as its weakest link—but what if you can’t evaluate the entire chain? Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

Jaggaer

FEBRUARY 5, 2025

Complete Source to Pay cycle and Strategic Sourcing Guide An optimized Source-to-Pay (S2P) process helps businesses enhance procurement efficiency, reduce costs, and improve supplier collaboration. Companies that excel in strategic sourcing achieve greater cost savings and procurement efficiency while ensuring supply chain resilience.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Real-time Visibility 52

ivalua

FEBRUARY 27, 2023

How Inflation Impacts Procurement Inflation affects a number of aspects within the Manufacturing supply chain, including the ability to compete in the market, financial performance, and overall strategy. Manufacturers, take charge of your supply chain! Let’s explore further. Doug has a B.S.

Real-time Visibility 130

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

Jaggaer

FEBRUARY 5, 2025

It is a process that creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. But today this is largely executed electronically, for example by eSourcing events and with sourcing optimization software.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

Una

APRIL 23, 2024

How Machine Learning is Transforming Supply Chain Management Machine learning applied to supply chain management allows businesses to enhance decision-making and streamline operations. Machine learning, a subset of AI, has emerged as a game-changer in the world of supply chain management.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Optimization Supply Chain Efficiency 52

SCMDOJO

NOVEMBER 2, 2023

Effective supply chain management is essential for success in the dynamism and connectivity of modern companies. To accomplish this, you require the skills of supply chain experts who can manage the complexity and difficulties of today’s global supply chains. They come from a variety of backgrounds.

Agile and Lean Supply Chain 59

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

Una

MARCH 6, 2023

How to Market Procurement’s Value Beyond Cost Savings The Importance of Looking Beyond Cost Savings in Procurement Procurement Automation: 5 Tasks You Should be Automating Employ lean procurement principles For some organizations, getting Lean in procurement simply involves doing things faster.

Purchasing 98

Purchasing Innovation Agile and Lean Supply Chain Supplier relationship management 98

The Good Spending

AUGUST 23, 2022

It assumes that the winning bid includes solid commercials and non-material benefits, e.g., improvements in end-user experience. Procurement must work closely with the supply chain to optimize depreciation exposure to sell or dispose of slow-moving or obsolete inventories. Such an approach may be accused of subjectivity.

Procurement 98

Procurement supply chain budgeting Supply Chain Optimization Budget 98

Arkestro

JANUARY 9, 2024

As we move into 2024, procurement teams continue to face hurdles like supply chain volatility, geopolitical tensions, budget restrictions, talent shortages, and more. Sustainable bidding. Here are just a few ways manufacturing procurement teams can leverage AI and automation tools this year: Minimize supply chain disruptions.

supply chain budgeting 52

supply chain budgeting Supply chain resilience Procurement Supply Chain Optimization 52

World of Procurement blog

MAY 8, 2024

Value-add : Procurement aims to add value by optimizing processes, consolidating spend, and building supplier relationships. Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. How can procurement help achieve those aims through better supplier relationships and spending optimization?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 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

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

TYA Suite

JULY 17, 2024

Relies on manual processes for sourcing, negotiation, and Focuses on cost reduction through competitive bidding and bulk purchasing. Utilizes data analytics and market intelligence to optimize category performance and mitigate risks. Limited use of technology and digital tools in procurement operations.

Procurement strategies 40

Procurement strategies Strategy Supply Chain Efficiency Procurement 40

Arkestro

SEPTEMBER 19, 2023

While certain industries continue to work around rising prices and supply disruptions, others are trying to take advantage of downward price pressures. Couple these with a broader climate of economic volatility and talent scarcity, and CPOs and heads of Manufacturing and Supply Chains have their work cut out for them.

Sourcing 52

Sourcing supply chain budgeting Procurement Bidding 52

Una

OCTOBER 9, 2023

How to Implement a Strategic Sourcing Process A play-by-play manual showing how to implement a strategic sourcing process that aligns with your organization’s goals, optimizes spend, and creates long-term value. By proactively addressing risks, organizations can safeguard their supply chains and drive efficiencies.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Una

JANUARY 8, 2024

When it's finally time to bid them farewell, they are recyclable, contributing to a greener planet. When it's time to bid farewell, they're easily recyclable. Procurement can promote employee value all the way down the value chain by ensuring suppliers comply with fair labor practices, ethical standards, and employee well-being.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Agile and Lean Supply Chain Purchasing 52

World of Procurement blog

APRIL 23, 2024

Sourcing Software: Helps companies find and acquire goods and services by managing RFQs (Request for Quotations) and bidding processes. Return on Investment: Evaluate potential returns, considering both direct financial gains and intangible benefits like improved agility and compliance. Examples include SAP Ariba and Coupa.

Procurement 52

Procurement Supply Chain Efficiency Real-time Visibility Purchase orders 52

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

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

Empowering CPO

MAY 4, 2023

By effectively managing the purchasing process, companies can better control their expenditures and optimize their supply chain, ensuring the availability of the right products and services at the right time. E-sourcing tools: Platforms that facilitate online bidding and negotiation, streamlining the supplier selection process.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Pipefy

MAY 9, 2023

Build a more efficient and connected procure-to-pay process with The Definitive Guide to P2P Optimization Importance of procurement KPIs Procurement has evolved over the years from transactional functions (now associated with purchasing) to encompass strategic activities focused on maximizing and creating value for a business.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

Una

MARCH 6, 2024

Being able to adapt fast keeps businesses agile and ready for whatever the market throws their way. Digital Marketing Outsourcing digital marketing activities like social media management, content creation, and search engine optimization (SEO) can help businesses build a strong online presence, reach a wider audience, and drive growth.

Procurement 52

Procurement Agile and Lean Supply Chain Purchasing Supply Chain Efficiency 52

Pipefy

JUNE 15, 2023

This is especially true for leaders and teams wanting to become much more agile and resilient in light of the challenges created following recent supply chain disruptions. Build a more efficient procurement with the Definitive Guide to P2P Optimization Download free guide What is cloud procurement?

Procurement 52

Procurement supply chain software solutions Purchase orders Procurement solutions 52

Planergy

JULY 21, 2023

This contingent labor allows you to optimize your marketing without fully engaging an internal marketing department or marketing agency. 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

Claritum

SEPTEMBER 27, 2018

The NfP also has a greater focus on adding social value to a supply chain. At the same time, a majority of NfP organizations would see their performance in terms of their efficiency in deploying resources: this relates to the optimal use of resources to obtain the results desired. In selecting suppliers. 3 Financials.

Supply Chain Efficiency 36

Supply Chain Efficiency supply chain budgeting Procurement Ethics 36

Let's Talk Supply Chain

MARCH 17, 2025

In the bustling landscape of consumer spending and grocery supply chains, Target has emerged as a formidable force, strategically fortifying its operations to meet the‍ shifting demands of the‍ modern market.

Grocery Supply Chain 52

Grocery Supply Chain Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 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.

Agile and Lean Supply Chain 83

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

Procurement Insights

FEBRUARY 26, 2025

Hansen, identified as a Chief Procurement Officer (CPO), introduced the idea in the context of linking seemingly unrelated data streams or “strands” to optimize procurement outcomes. Instead, his contributions are more broadly tied to practical applications of algorithmic thinking in supply chain and procurement optimization.

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. This ensures that procurement teams engage the right suppliers from the start, optimizing the sourcing process. With the 25.1 The JAGGAER 25.1

Innovation 52

Innovation Supply Chain Efficiency Procurement Procurement team 52