Procurement Insights

OCTOBER 11, 2023

At the same time, all that is happening with technology solutions is creating rigidity rather than agility. It’s just not the best ecosystem of growth and agility.” Their answer was to my request about building a data sharing “bridge” between the ERP back end and a front-end eProcurement application.

Collaboration 72

Collaboration Innovation Procurement Agile and Lean Supply Chain 72

Arkestro

MAY 9, 2023

Simply put, organizations still aren’t harnessing the power of technology to its full effect — and they’re missing out on countless opportunities to optimize spending, decision-making, sourcing, and results. Yet far too many procurement teams are failing to optimize this digital technology era.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Optimization Procurement team 52

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

Improved communication, regular performance assessments, and joint value creation efforts lead to better supplier performance, reduced risks, and potential cost savings through optimized partnerships. This results in better negotiation outcomes, improved quality, reduced costs, and enhanced overall value delivery.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

With the increasing complexity of supply chains and the growing importance of sustainability and social responsibility, the role of procurement professionals has become more critical than ever. It involves optimizing procurement processes and reducing costs while maintaining the quality of goods and services.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 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

Empowering CPO

JUNE 14, 2023

Organizations are now expected to not only manage cost but also to ensure supply chain resilience, mitigate risks, and contribute to strategic objectives. Technology-Driven Models eProcurement – eProcurement, or electronic procurement, uses digital technology to automate and streamline procurement processes.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Jaggaer

OCTOBER 8, 2019

Our survey shows that most procurement teams are there already with many applications: SRM, eSourcing, and eProcurement are in place. They should also extend this digitalization to supply chain management (supplier portal, webEDI, etc.) 3) Optimize: Leverage new and emerging technologies. 2) Establish the basics.

Procurement 40

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

ivalua

MARCH 14, 2019

Traditionally, the CPO’s first priority was to ensure the optimization and reduction of costs. Whether it’s geopolitical events like Brexit, or regulatory hurdles like GDPR – CPOs play a vital role ensuring compliance in an agile manner that causes minimal disruption.

Procurement 100

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Risk 100

ivalua

NOVEMBER 26, 2019

This is where helping organizations innovate, ensuring business agility and even growing revenue comes into play. Best practices are great for the majority of processes, but for the most strategic doing things differently is the way to win. Global automotive component supplier Meritor is a great example.

Procurement 130

Procurement Sourcing Spend management Innovation 130

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