Arkestro

DECEMBER 26, 2024

While these advancements have led to improved efficiency, cost savings, and enhanced strategies, theyve also made procurement processes more complex than ever before. Here are five key trends that will shape procurement and supply chain management in the coming year. trillion , a 9.3% increase from 2024.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Arkestro

NOVEMBER 12, 2024

However, as supply chains have evolved into complex, global systems, the demands on procurement, and associated workload have increased significantly. This allows procurement teams to set up events quickly and efficiently, pre-populating supplier bid sheets with suggested prices.

Procurement 52

Procurement Bidding Procurement team Supply Chain Efficiency 52

Spend Matters

JANUARY 23, 2025

The momentum around this ‘best practice’ has been further accelerated by the marketing efforts of market intelligence companies selling data and even a few purpose-built software platforms to make these efforts more efficient and accurate.

Price 103

Price Negotiation supply chain software solutions Supply Chain Optimization 103

SCMDOJO

JUNE 28, 2024

In recent years, there has been a significant shift in the supply chain industry as more and more women are choosing careers in this traditionally male-dominated field. This rise of women in the supply chain is not only breaking gender barriers but also bringing a fresh perspective and new ideas to the table.

Supply Chain Optimization 93

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 93

Procurement Tactics

OCTOBER 18, 2022

SRM is usually used by many supply chain professionals who constantly deal with suppliers in areas such as procurement, project management, and operations. . The SRM aims to ensure buying from reliable suppliers, bring end-to-end visibility of supplier collaboration workflow, and improve the resilience of the supply chain. .

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

Supply Chain Game Changer

MAY 23, 2022

Subscribe to Supply Chain Game Changer. Project owners can also accept bids on their projects through platforms like Ethereum, which still provide lower costs than traditional bids from financial companies. Efficiency. Transparency. Subscribe Here! Email Address. The Backbone of Bitcoin Technology.

Supply Chain Efficiency 86

Supply Chain Efficiency Bidding Networking Supply chain 86

Procurement Insights

APRIL 5, 2025

9 Lytica 2015 Established in 2015, a newer player in supply chain analytics. Rank Provider Top Reason Reasoning 1 Zycus AI-driven cost transparency Merlin AI Suites autonomous negotiation and $28M savings potential stand out for should-cost. 3 GEP 1999 Established in 1999, a pioneer in procurement software with 25+ years.

supply chain software solutions 52

supply chain software solutions Supply Chain Optimization Negotiation Supply Chain Efficiency 52

Procurement Heads

MARCH 27, 2023

I’m passionate about working in collaboration with the supply chain and allowing for constructive conversations so that we’re doing all we can to ensure the best value for money for our customers. Sustainability is one of those, and supply chains can influence carbon emissions in a huge way.

Sustainability 246

Sustainability Agile and Lean Supply Chain Influencing Contract 246

Procurement Tactics

JULY 14, 2022

Almost all professionals in supply chain and procurement know that it is part of the huge procurement process. A procurement tender is a document that the supplier needs to complete when bidding for a contract. . The tendering follows a strict process to promote transparency and fairness among bidders. . Organization.

Procurement 130

Procurement Bidding Supply Chain Efficiency Contract 130

Planergy

FEBRUARY 24, 2025

The Four Types of Procurement in Education Key Steps in the Education Procurement Process Who Benefits from Efficient Procurement? Educational leaders use strategic procurement to negotiate favorable contracts, explore innovative solutions, and drive institutional efficiency. Who Benefits from Efficient Procurement?

Procurement 52

Procurement supply chain budgeting Supply Chain Efficiency Budget 52

Procurement Heads

JUNE 14, 2023

The opportunity of the Group Commercial & Procurement Director came up because Network Rail was looking for someone to do a full transformation on the procurement function and change it from a transactional organisation into a much more strategic business partnering function.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Networking Supply Chain Efficiency Innovation 130

Supply Chain Game Changer

DECEMBER 18, 2019

Subscribe to Supply Chain Game Changer. What is the Digital Supply Chain? Using supply chain collaboration technology, construction firms will see meaningful productivity gains. The post How a Collaborative Network Will Change the Construction World! appeared first on Supply Chain Game Changer™.

Collaboration 46

Collaboration Networking Supply Chain Efficiency supply chain budgeting 46

Procurement Tactics

AUGUST 30, 2022

When electronic procurement is implemented properly, it opens the lines of communication between the organization and the supplier by creating a link and facilitating interactions like bids, emails, and purchase orders. . Transparency. Editor's note: Hi there! My name is Marijn Overvest, I'm the founder of Procurement Tactics.

Procurement 130

Procurement Supply Chain Efficiency Purchasing supply chain software solutions 130

Value Match

JULY 28, 2022

Bid Management. The UK, Spain, France and Portugal have recently faced unprecedented heatwave causing wildfires across western Europe and disrupting supply chains locally and globally. One of the most common falsehoods is that “deforestation is only driven by food and packaging supply chains”. Categories.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Supply Contract 52

Jaggaer

OCTOBER 24, 2024

To avoid communication gaps from the start, you can lay the groundwork for collaboration with comprehensive supplier onboarding and enablement using a fee-free network that welcomes new suppliers. As these reinforce each other, efficiency and alignment improve across your supply chain operations.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Agile and Lean Supply Chain 52

Barkers Procurement

AUGUST 10, 2023

Why Diversifying Your Supply Chain Is So Important The Power of Diversifying Your Supply Chain – You don’t need us to tell you how essential supply chains are. Managing a supply chain involves working with a network of suppliers who are all connected via a centralised supply chain management process.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Supply 52

Procurement Heads

JULY 26, 2023

I established some real cost savings for the company, by collaborating and using an external supply chain. It’s a fair, transparent, and open process to ensure value for money. I believe procurement should be fair, transparent and open. And so, I established a new career in procurement.

Contract management 130

Contract management Contract Supply Chain Efficiency Price 130

World of Procurement blog

APRIL 23, 2024

In the ever-evolving landscape of business operations, staying ahead in managing procurement processes efficiently is crucial. Enter Procurement Software, a transformative suite of tools designed to streamline purchasing activities and supply chain management.

supply chain software solutions 52

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

World of Procurement blog

APRIL 23, 2024

In the ever-evolving landscape of business operations, staying ahead in managing procurement processes efficiently is crucial. Enter Procurement Software, a transformative suite of tools designed to streamline purchasing activities and supply chain management.

supply chain software solutions 52

supply chain software solutions Supply Chain Efficiency supply chain budgeting Procurement 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

Procurement Software

APRIL 18, 2023

This involves suppliers competing in sequential bidding. Buyers will have already vetted the suppliers they want to invite to the eAuction and suppliers will start out with their initial bid at the beginning of the auction process. eAuctions are a great way to remain agile and cost-efficient.

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

Value Match

AUGUST 4, 2022

Bid Management. Biometric machines for workers to clock-in and clock out could control the practice of overwork and underpay – although supply chain auditors found this could be circumvented by hiding a secondary machine or using a separate paper record. Eradicating Modern Day Slavery from your Supply Chain.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Ethics Supply 52

Una

NOVEMBER 14, 2022

Now, CPOs and their procurement teams look to invest in more secure supply chains, addressing increased volatility in consumer demand and responding to the changing ways people work (i.e., Then, in the 1960s, the practice of competitive bidding became commonplace giving rise to trained procurement professionals. Is that all?

Procurement 98

Procurement Agile and Lean Supply Chain Supply Chain Efficiency Procurement team 98

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

Arkestro

MARCH 13, 2023

Arkestro empowers us to automate and accelerate the bidding process, speeding delivery of preferred supplier agreements to different businesses.” Due to pandemic-driven market disruption, consumer behaviors shifted and labor forces shrunk — suffocating the global supply chain.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Procurement Bidding 52

Supply Chain Collaborator

NOVEMBER 27, 2019

Your TMS solution (if it is digitization-ready and up to date with a focus on data analytics), is a treasure trove of information a savvy shipper can harness to drive efficiency and savings improvements. Spot Quote Cost Savings & Bid Savings. Review this metric to ensure you can deliver on your ETAs for customers in 2020.

Import 78

Import Bidding Data Collaboration 78

Pipefy

JANUARY 31, 2023

B Bid A submission from a supplier or vendor containing a cost estimate for goods or services, usually in response to a business’ invitation to bid. Successful bids often contain the supplier’s past relevant projects as a proven track record of success and a detailed plan to deliver the product in a timely manner.

Procurement 52

Procurement Bidding Supply Chain Efficiency supply chain software solutions 52

World of Procurement blog

MAY 8, 2024

Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Procurement is strategically important because it: Drives significant cost savings through economies of scale, supplier negotiations, and process efficiencies.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Supply Chain Game Changer

MAY 12, 2021

Subscribe to Supply Chain Game Changer. Dell’s attempts to lower costs, including bidding out the work three times during the eight-year relationship, ate into FedEx’s profits. Mixing Machine Intelligence with Human intelligence = strong category competency and negotiation experience with fact-based bidding trends.

Negotiation 69

Negotiation Buyers Bidding Collaboration 69

The Network Effect

JANUARY 17, 2016

Sharing the “Best Version of the Truth” information within an organization and across its replenishment channels allows companies to focus on streamlining their processes to increase profit, efficiently manage promotions, reduce supply chain costs and improve collaborative planning. Vendor Supply Chain Planner.

Buyers 40

Buyers Supply Chain Efficiency Networking Bidding 40

Jaggaer

JUNE 28, 2024

The events brought together key industry leaders to discuss the strategies for navigating the evolving landscape of procurement and supply chain management. This integration underscores the critical role of ESG factors in assessing and mitigating risks across the supply chain.

Chief Procurement Officer 52

Chief Procurement Officer Strategic sourcing Strategic sourcing supply chain software solutions 52

IBM Supply Chain Blog

JUNE 14, 2023

With a foundation model, often using a kind of neural network called a “transformer” and leveraging a technique called self-supervised learning, you can create pre-trained models for a vast amount of unlabeled data. Prompts are simple text inputs that effectively nudge the model to do your bidding with direct instructions.

Sourcing 84

Sourcing Data Bidding Quality 84

Una

NOVEMBER 29, 2023

But with the elves’ help, Santa is able to put his freed-up time to valuable use, with activities such as mapping out the most fuel-efficient route around the globe, analyzing the data on his naughty and nice lists, and spending some quality time with Mrs Claus. Things you can do while a GPO works behind the scenes And what about you?

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supplier relationship management Strategic sourcing 52

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. Value as the downstream effect of procurement In this post, we explained the differences between the efficiency and effectiveness of public procurement. Such an approach may be accused of subjectivity.

Procurement 98

Procurement supply chain budgeting Supply Chain Optimization Budget 98

Arkestro

OCTOBER 3, 2024

Such programs add more reporting requirements, costs on imported parts, and other considerations to an already complex supply chain. Overall, procurement has seen more requirements around tracking raw materials and origin throughout the supply chain. It’s anything but easy to manage.

Procurement 52

Procurement Procurement team Supply Chain Efficiency supply chain budgeting 52

Supply Chain Game Changer

NOVEMBER 22, 2018

Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? Some of the first-hand areas from small to large organizations have been: An $8 billion global company has been placing all items for bid each year to realize cost savings. Landgraf, CEO at Above the Standard ( [link] ). Another $1.5

supply chain budgeting 63

supply chain budgeting Procurement Supply Chain Efficiency supply chain software solutions 63

The Thomas Blog

JUNE 22, 2022

Innovative manufacturers and industrial companies use digital marketing to get more customers versus solely relying on traditional methods like in-person networking and trade shows. Ask them for feedback on how you can improve and encourage them to share your business with someone in their network or post a testimonial on your Google Reviews.

Buyers 64

Buyers Real-time Visibility supply chain budgeting Supply Chain Efficiency 64