Una

OCTOBER 25, 2022

Procurement professionals are now celebrated for their innovation, creativity, agility, and cost-saving initiatives. And let’s not forget the crucial role they play in driving diversity and sustainability within the supply chain. 8 Steps to Improve Procurement Efficiency.

Supply Chain Efficiency 105

Supply Chain Efficiency Procurement Purchase orders Real-time Visibility 105

SCMDOJO

DECEMBER 14, 2023

Sourcing agencies excel in handling these intricacies, ensuring a smooth and efficient flow of products from supplier to buyer. Specializing in industrial engineering, lean manufacturing, and B2B sourcing, they work with businesses of all sizes, offering expertise in supply chain processes, continuous improvement, and leadership.

Sourcing 104

Sourcing Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 104

ivalua

MARCH 9, 2023

The contracts govern the relationship between the buyer and supplier, an essential process to inform Procure-to-Pay. The Benefits of Source-to-Pay The market for S2P has evolved significantly in recent years, becoming an essential component of procurement strategy for most companies.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

Pipefy

JANUARY 9, 2023

Supply chain risks heightened by geopolitical conflict. These are just some of the many challenges procurement teams have had to face since the pandemic and throughout 2022. What all of these obstacles have made clear is that process resilience and long-term procurement strategies are essential for mitigating future risks.

Agile and Lean Supply Chain 59

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

Jaggaer

OCTOBER 24, 2024

Moreover, driving suppliers to the brink of financial instability can lead to supply disruptions, ultimately increasing costs as buyers scramble to find alternative sources. By contrast, collaborative procurement strategies focus on creating mutually beneficial partnerships.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain budgeting 52

Procurement Software

MAY 9, 2022

Homegrown solutions can take you far in life, but the future of procurement excellence is reliant upon a transformation of procurement strategy. SRM software provides a means to work interconnected, smarter, faster, and future-proof your procurement organization. This means process, people, and — of course — technology.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Procurement Software

MAY 9, 2022

Homegrown solutions can take you far in life, but the future of procurement excellence is reliant upon a transformation of procurement strategy. SRM software provides a means to work interconnected, smarter, faster, and future-proof your procurement organization. This means process, people, and — of course — technology.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Pipefy

JANUARY 11, 2023

This shift has become necessary as procurement departments are tasked by management with new strategic duties. Procurement teams are now responsible for driving value, achieving sustainable results, and helping businesses maintain their competitive edge despite market shifts and supply chain disruptions.

Strategy 52

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

Procurement Software

MARCH 11, 2022

Typically, the value that a procurement professional contributes to a business can usually be measured either in: Hard cost savings, or; Other, less tangible but equally important forms of value: Cost avoidance. Sustainability initiatives within the supply chain. Reductions in energy or material consumption. Supplier innovation.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

HICX

SEPTEMBER 20, 2022

The buyer-supplier relationship dynamic. Procurement Insights’ Jon Hansen led a panel of Procurement’s top thought-leaders to discuss the buyer-supplier relationship dynamic. The changing nature of buyer-supplier relationships. Ragnar spoke about the supplier-buyer power dynamic on a macro level.

Suppliers 52

Suppliers Negotiation Buyers Supply Chain Efficiency 52

World of Procurement blog

MAY 8, 2024

Well-defined contracts help ensure suppliers meet expectations while protecting the buyer's interests. The procurement team manages the order, monitors quality, ensures on-time delivery, processes invoices, and handles any issues that arise during fulfillment. Conduct supply chain audits and due diligence on high-risk categories.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Pipefy

DECEMBER 20, 2023

Strategic procurement, or procurement strategic planning, is a data-driven process that helps businesses align procurement and business goals. The result is greater supply chain predictability, more accurate decision-making, and better business agility. What is strategic procurement?

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Strategic planning 52

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

These insights enable data-driven decision-making, negotiation strategies, and risk mitigation, leading to more informed procurement choices. Procurement teams equipped with risk management tools can ensure business continuity and minimize potential negative impacts.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Jaggaer

SEPTEMBER 22, 2024

Balancing Cost, Resiliency, and Sustainability in Procurement: Insights from Georg Roesch Procurement professionals across industries and markets are struggling to keep their supply chains agile in a world of constant disruptions. Don’t miss these actionable insights from a top industry leader. Listen Now!

Sustainability 52

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

Supply Chain Game Changer

MARCH 6, 2019

Subscribe to Supply Chain Game Changer. 7 KPIs Your Procurement Team May Be Ignoring! Initiatives are being put in place to make these statements a reality, but are these organizations agile enough to shift strategies, process and operations — for real? Subscribe Here! Email Address. Responsible Sourcing.

Procurement 50

Procurement Procurement team Supply Chain Efficiency Innovation 50

Una

JUNE 8, 2023

We need to focus on those that are critical for maintaining a reliable supply chain, optimizing costs, driving innovation, improving efficiency , and supporting strategic objectives. The focus for these items is usually on building strong relationships with suppliers and ensuring a stable supply chain.

Suppliers 52

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

IBM Supply Chain Blog

APRIL 25, 2024

BPR examples: Use cases Streamlining supply chain management Using BPR for supply chain optimization involves a meticulous reassessment and redesign of every step, including logistics, inventory management and procurement.

Supply Chain Efficiency 57

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting supply chain software solutions 57

Procurement Software

MARCH 11, 2022

Typically, the value that a procurement professional contributes to a business can usually be measured either in: Hard cost savings, or; Other, less tangible but equally important forms of value: Cost avoidance. Sustainability initiatives within the supply chain. Reductions in energy or material consumption. Supplier innovation.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

World of Procurement blog

MAY 23, 2024

To mitigate supply chain risks and improve business continuity by reducing dependence on many small suppliers. Working closely with fewer suppliers also enhances supply chain transparency and resilience. Having capacity contingencies is ideal to mitigate supply chain risks.

Supplier consolidation 52

Supplier consolidation Suppliers Supply Chain Efficiency supply chain budgeting 52

Pipefy

MAY 23, 2023

Supplier relationship management Tension is never pleasant, but only those procurement professionals who pinpoint lacking supplier relationships can evaluate and rectify the situation. Risk management The powerful customizations offered by digital procurement tools allow you to monitor and maintain compliance to contract standards.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

Pipefy

MAY 9, 2023

To help you meet yours, we’ve compiled a list of 22 essential procurement KPIs that fall into three business categories: suppliers, staff, and operational. Supplier KPIs Suppliers, by definition, comprise a crucial link in your supply chain. In addition, consider the bandwidth of your procurement and accounts payable department.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

Empowering CPO

JUNE 14, 2023

Moreover, traditional procurement models can be slow and bureaucratic, lacking the flexibility to adapt to changing business needs and market conditions. They can also create adversarial relationships between buyers and suppliers, as they often involve tough negotiations and a focus on short-term gains rather than long-term collaboration.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

ivalua

MARCH 27, 2023

E-invoicing Mandate | France 2024 March 27, 2023 | | Procurement Strategy by Steve Carter The biggest change to Accounts Payables since the introduction of double entry journals is about to hit finance departments–but are they prepared? Read More : Under Pressure, Will Procurement Take Performance Higher in 2023?

Procurement strategies 130

Procurement strategies Agile and Lean Supply Chain Real-time Visibility Networking 130

Jaggaer

MARCH 6, 2025

These reforms and similar ones in other countries open up opportunities for public sector buyers. Modern procurement technology will enable public sector entities to secure maximum benefits by simplifying compliance and freeing procurement professionals to focus on strategic initiatives.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement supply chain budgeting Sustainability 52

The Good Spending

NOVEMBER 5, 2021

Total Landed Cost (TLC) The first step of the procurement journey to value starts from the Total Landed Cost. These additions are most important when buyers consider remote locations as physical goods sources. TLC analysis requires a deep understanding of supply chain costs - customs, duties, tariffs, and 3PL services.

Procurement 52

Procurement Bidding Contract Supply Chain Efficiency 52

Spend Matters

JANUARY 9, 2025

By integrating these technologies, organizations unlock efficiencies, enhance decision making and create more agile, connected supply chains, ultimately boosting their ROI. Consult TechMatch our tech selection tool that helps procurement and finance technology buyers quickly explore the market and identify best-fit solutions.

Procurement 115

Procurement Procurement team Supply Chain Efficiency Contract 115