Spend Matters

JULY 24, 2023

So while this year’s report places a lot of emphasis on operating model set-up and talent management, we wish to highlight the ‘Digitization’ section because Procurement has a clear imperative to build agility and resilience into supply chains. Category management is the core engine for scaling processes.

supply chain budgeting 98

supply chain budgeting Budget Agile and Lean Supply Chain Risk 98

Procurement Heads

SEPTEMBER 6, 2023

The University of Bath was – and I think still is – a real centre of excellence for Procurement and Supply Chain. You’re a strong proponent of diverse and sustainable supply chains. Could you tell us a bit about your career journey so far? So I did six months there and really enjoyed it.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Sustainability 130

The Good Spending

AUGUST 23, 2022

The fight for discounts will lead to applying either of three project management levers - Time, Budget, or Scope - and the inevitable quality deterioration. It is difficult to foresee the value of such an increase, so it's randomly being budgeted. If you managed to fully or partially waive it, then it's cost avoidance.

Procurement 98

Procurement supply chain budgeting Supply Chain Optimization Budget 98

Arkestro

OCTOBER 10, 2023

Resources / Blog / AI Revolution in Oil and Gas Procurement: Streamlining Operations for Success AI Revolution in Oil and Gas Procurement: Streamlining Operations for Success The COVID-19 pandemic forced countless industries to become more lean, agile, and innovative, and the oil and gas industry was no exception to the trend.

Agile and Lean Supply Chain 52

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

World of Procurement blog

APRIL 23, 2024

This guide delves into the essentials of procurement within the construction sector, discussing various strategies, potential obstacles, supply chain structures, contract types, and managerial aspects necessary for efficient and effective procurement. Cost Management: Budgeting and tracking expenses related to procurement.

Supply Chain Efficiency 52

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

World of Procurement blog

APRIL 23, 2024

This guide delves into the essentials of procurement within the construction sector, discussing various strategies, potential obstacles, supply chain structures, contract types, and managerial aspects necessary for efficient and effective procurement. Cost Management: Budgeting and tracking expenses related to procurement.

Supply Chain Efficiency 52

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

Zycus Cognitive Procurement

SEPTEMBER 15, 2022

As per a recent survey , 40% of board directors have moved digital business-related budgets from central technology and IT budgets to business functions. This is to enable greater autonomy and agility. . Risk management. Elevate the strategic performance management of your team. Customer-centricity .

supply chain budgeting 52

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

Procurement Software

MARCH 11, 2022

Sustainability initiatives within the supply chain. Third party risk management. Contract lifecycle management. It’s therefore a fair assumption that if you remove these non-value added tasks, you will allow the Procurement Manager to deliver a third more value to the business. Supplier innovation.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

IBM Supply Chain Blog

JUNE 29, 2023

Integrated planning incorporates supply chain planning, demand planning, and demand forecasts so the company can quickly assess the impact on inventory levels, supply chain logistics, production plans, and customer service capacity.

supply chain software solutions 76

supply chain software solutions Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization 76

Arkestro

MAY 23, 2023

Today, the right procurement software can streamline procurement processes and help procurement managers level-up their current methods of addressing common problems such as project delays, quality control, sustainability, and risk management. Effectively managing supply chain delays is a complex problem with no end in sight.

Procurement 52

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

Zycus Cognitive Procurement

JANUARY 24, 2023

With new legislation being introduced for 2023 in Europe, such as the Supply Chain Due Diligence Act (SCCDA), CPOs and other procurement and sourcing leaders need to devise an agile procurement strategy to ensure compliance. Still, 50-67% of the companies failed to change their risk management standards.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Barkers Procurement

JANUARY 26, 2024

The increasing pressure from macroeconomic factors that include inflation, continued supply chain disruption, geopolitical tensions and ESG factors are primary areas of concern for the procurement professional. McKinsey has reported that supply chain disruption is costing companies 0.47% on average each year.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Procurement e2e 52

Barkers Procurement

JANUARY 26, 2024

The increasing pressure from macroeconomic factors that include inflation, continued supply chain disruption, geopolitical tensions and ESG factors are primary areas of concern for the procurement professional. McKinsey has reported that supply chain disruption is costing companies 0.47% on average each year.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Procurement e2e 52

Zycus Cognitive Procurement

JULY 25, 2022

Over the past two years, we’ve seen how supply chains are constantly changing and facing uncertainties. CPOs and procurement leaders everywhere are trying to identify ways to be agile to handle future uncertainties. . However, talent management and innovation are expected to be the long term investments. .

supply chain budgeting 52

supply chain budgeting Procurement Agile and Lean Supply Chain Management 52

Barkers Procurement

AUGUST 2, 2023

The increasing pressure from macroeconomic factors that include Inflation, Continued Supply Chain disruption and Geopolitical tensions are primary areas of concern for the procurement professional. McKinsey reports that supply chain disruption is costing companies 0.47% on average each year. How can Barkers help?

Supply Chain Efficiency 52

Supply Chain Efficiency e2e Procurement supply chain budgeting 52

Procurement Software

MARCH 11, 2022

Sustainability initiatives within the supply chain. Third party risk management. Contract lifecycle management. It’s therefore a fair assumption that if you remove these non-value added tasks, you will allow the Procurement Manager to deliver a third more value to the business. Supplier innovation.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

World of Procurement blog

MAY 8, 2024

It also identifies required resources, budgets and milestones for a successful strategic transformation. Supplier Management Supplier management is a critical component of the procurement process. Conduct supply chain audits and due diligence on high-risk categories. needed to deliver on the KPIs.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

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

Procurement Software

MARCH 5, 2024

FRDM FRDM is a software company specialising in supply chain risk management. Their software is designed for multinational corporations managing complex supply chains. Key features include supply chain mapping, risk dashboards, mitigation workflows, and regulatory reporting.

Real-time Visibility 52

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

Barkers Procurement

FEBRUARY 25, 2024

In parallel, it will also look at its expenditure meaning it is frequently the case that the Procurement function will be asked to commit incremental cost reduction to that which has already been budgeted, without the luxury of knowing its method of delivery. Risk management strategies encourage forward thinking, and the ability to react.

Procurement 52

Procurement supply chain software solutions Contract supply chain budgeting 52

Procurement Software

JANUARY 16, 2024

And what if they were prepared to fight for it, instead of rolling over at the first sign of a budget cut? Very process-oriented and not agile or malleable at all. But they also fail because of lack of talent, lack of budget and lack of effective change management. How strategic is your procurement function, really?

Procurement 52

Procurement Procurement team supply chain budgeting Budget 52

Pipefy

MAY 9, 2023

Supplier KPIs Suppliers, by definition, comprise a crucial link in your supply chain. This constitutes a high risk for shortages and bottlenecks; potential customers will take notice as was recently shown with the most recent supply chain disruptions. After all, your shortages are their problem, as well.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

Procurement Software

MARCH 11, 2022

Founded by Jason Busch in 2004, they were the first of the major procurement and supply chain blogs. These are the companies that Spend Matters recognises as “best in class in the procurement and supply chain technology market”. Do you want agility and simplicity? They belong to the parent company Azul Partners.

supply chain software solutions 52

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

Procurement Software

MARCH 11, 2022

Founded by Jason Busch in 2004, they were the first of the major procurement and supply chain blogs. These are the companies that Spend Matters recognises as “best in class in the procurement and supply chain technology market”. Do you want agility and simplicity? They belong to the parent company Azul Partners.

supply chain software solutions 52

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

Pipefy

JANUARY 5, 2023

But effective procurement goes beyond these tasks to include activities such planning, strategy, and supply chain management. Nowhere is this more true than in the challenges to the supply chain. Fraxion is used to manage processes including: Purchase requisition to PO. Budget Control. Compliance.

Procurement 52

Procurement Procurement team supply chain software solutions e2e 52

Jaggaer

JULY 18, 2019

In fact, our report found that insufficient budget was the single biggest obstacle to moving forward with digital transformation. This is where you truly see operational effectiveness (more value delivered), agility, and systemic change. What could be done to ensure that companies are moving toward new technologies?

Procurement 40

Procurement supply chain budgeting Agile and Lean Supply Chain Supply Chain Efficiency 40

Procurement Software

MAY 23, 2023

Very few CEOs come from Procurement or Supply Chain. Supply Chain should become one of the top agenda items on board level meetings. Understand the cost of poor quality Profit From The Source uses the example of Dell’s supply chain and the concept of trust, but verify.

Procurement 52

Procurement supply chain budgeting Agile and Lean Supply Chain Suppliers 52

IBM Supply Chain Blog

JULY 31, 2023

Banks have the most to gain if they succeed (and the most to lose if they fail) at bringing their mainframe application and data estates up to modern standards of cloud-like flexibility, agility and innovation to meet customer demand.

Data 50

Data Innovation Risk Budget 50

Planergy

SEPTEMBER 8, 2022

Furthermore, regular assessment of supplier performance can help you identify potential supply chain risks early on so that they can be remedied before they cause major problems. Flexibility / Agility. Are the supplier’s costs reasonable and in line with your budget? This will go a long way with risk management.

Suppliers 52

Suppliers Management Supplier relationship management supply chain budgeting 52

TYA Suite

NOVEMBER 5, 2024

In recent years, artificial intelligence (AI) in procurement has emerged as a game-changer, redefining how organizations manage their supply chains, purchasing decisions, and. This proactive risk management helps organizations maintain smooth operations and avoid costly disruptions.

Supply Chain Efficiency 40

Supply Chain Efficiency Procurement Procurement team supply chain budgeting 40

Empowering CPO

JUNE 26, 2023

Stronger supplier relationships lead to better pricing, improved service levels, and a more reliable supply chain. By analyzing data on market trends, demand patterns, and supplier capabilities, organizations can make informed decisions regarding sourcing strategies, supplier selection, and risk management.

Real-time Visibility 40

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

Planergy

AUGUST 25, 2022

This new digital strategy also uses predictive analysis to detect patterns, and predict outcomes, while offering better risk management capability. And because of the accuracy of that data, businesses are now able to better understand customer behavior patterns and model their business accordingly.

Data 52

Data supply chain budgeting Purchasing supply chain software solutions 52

Procurement Software

AUGUST 8, 2023

In 2020, Coupa announced the acquisition of Llamasoft , a supply chain planning software company, for $1.5 Mid-market businesses don’t have huge software budgets. Not many CPOs and CFOs in large organisations have the appetite or budget to do it. They will be more agile now under PE ownership than SAP will ever be.

supply chain software solutions 52

supply chain software solutions Agile and Lean Supply Chain supply chain budgeting Procurement team 52

Procurement Templates

JUNE 18, 2023

Tim Cook has been instrumental in overseeing the company’s global supply chain and procurement operations. His expertise in managing complex supply networks has played a crucial role in Apple’s success. Attend workshops, seminars, and conferences related to procurement and supply chain management.

Leadership 147

Leadership Procurement Agile and Lean Supply Chain Supply Chain Efficiency 147

Pipefy

JULY 29, 2024

Increased accuracy leads to better resource management, cutting duplicate work and unnecessary revisions. Faster turnaround times mean fewer labor hours, and streamlined workflows keep projects within budget. Agility is key to any company’s long-term success. AI-assisted quality control slashes waste by minimizing errors.

Data 52

Data Supply Chain Optimization Supply Chain Efficiency Risk 52

Procurement Software

AUGUST 22, 2023

We’re gradually evolving into being the fulcrum of an organisation’s supply chain who strategically manages and controls supplier relationships. Yes, we live in an era where risk management and resilience is the order of the day. But that doesn’t mean that we’re not able to take calculated risks.

Procurement 52

Procurement Agile and Lean Supply Chain Category management Procurement team 52

Jaggaer

JANUARY 11, 2019

As we start 2019, it’s critical to understand how current events, changes in governmental policy and the general economic climate may affect the global procurement market and supply chain. With slowing growth, the procurement market may see many organizations decrease spending budgets and change focus to cost-saving measures.

Procurement 45

Procurement supply chain software solutions supply chain budgeting Agile and Lean Supply Chain 45