Arkestro

NOVEMBER 12, 2024

Historically, the focus has been on optimizing portfolios of spend—prioritizing what to address, defer, or ignore—using well-known frameworks such as the Kraljic Matrix and the Pareto Principle. 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

Jaggaer

FEBRUARY 5, 2025

A successful approach requires careful assessment of supplier bids, followed by structured onboarding, continuous monitoring, and performance measurement. When assessing bids following an eAuction, the process typically involves a combination of automated tools and human decision-making, especially when evaluating factors beyond just price.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

Arkestro

DECEMBER 26, 2024

As the procurement industry and supply chains become more tech-driven and complex, one fact is clear: companies that embrace industry trends will be best positioned to thrive in the challenging procurement landscape of 2025 and beyond. Here are five key trends that will shape procurement and supply chain management in the coming year.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Procurement Insights

APRIL 5, 2025

8 Keelvar 2012 Founded in 2012, a decade of experience in sourcing optimization. 9 Lytica 2015 Established in 2015, a newer player in supply chain analytics. 5 SAP Ariba Integrated cost benchmarking Massive supplier network and S/4HANA integration provide robust cost insights.

supply chain software solutions 52

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

Jaggaer

APRIL 9, 2025

Here are eight important benefits that arise from this: Improved production efficiency: MES optimizes workflows, reduces downtime, and ensures smooth coordination between machines, materials, and labor. smart manufacturing, and automation are transforming MES into modular, service-oriented, and highly networked systems.

Supply Chain Efficiency 52

Supply Chain Efficiency Agile and Lean Supply Chain Raw materials supply chain software solutions 52

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

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

Jaggaer

DECEMBER 4, 2018

JAGGAER’s Sourcing Optimization tool allows transportation companies to automate and evaluate high volumes of complex, conditional bids with multiple suppliers. With the recent release of Routing Network Optimization , users gained the ability to break down their shipping routes by leg to optimize freight step by step, saving millions.

Procurement solutions 40

Procurement solutions Supply Chain Optimization supply chain budgeting supply chain software solutions 40

Supply Chain Collaborator

NOVEMBER 27, 2019

Spot Quote Cost Savings & Bid Savings. So look back through the data in your TMS to determine how competitive your spot bidding activity actually is. Review this metric to ensure you can deliver on your ETAs for customers in 2020. Find out if you’re saving or losing money when spotting out loads.

Import 78

Import Bidding Data Collaboration 78

Solvoyo

JANUARY 3, 2020

The supply chain world is just discovering the digital twin concept and we are nowhere close to the level of detail and sophistication of these decades-old examples. However, I also believe that the old-fashioned digital representation of a supply chain with nodes and arcs is like drawing a stick figure.

Supply Chain Optimization 40

Supply Chain Optimization supply chain software solutions Supply chain Supply 40

World of Procurement blog

APRIL 23, 2024

Enter Procurement Software, a transformative suite of tools designed to streamline purchasing activities and supply chain management. This software plays a pivotal role in automating and optimizing procurement tasks, thereby enhancing productivity and reducing costs.

supply chain software solutions 52

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

World of Procurement blog

APRIL 23, 2024

Enter Procurement Software, a transformative suite of tools designed to streamline purchasing activities and supply chain management. This software plays a pivotal role in automating and optimizing procurement tasks, thereby enhancing productivity and reducing costs.

supply chain software solutions 52

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

Planergy

FEBRUARY 24, 2025

This often involves sending a request for proposal (RFP), competitive bidding, detailed evaluations, and comprehensive vendor performance assessments. When implemented correctly, a mid-sized school district might save 15 to 25% on annual supplies, allowing them to redirect the funds to educational programs.

Procurement 52

Procurement supply chain budgeting Supply Chain Efficiency Budget 52

SPLC (Sustainable Purchasing Leadership Council)

APRIL 29, 2020

Record unemployment rates and interrupted supply chains have heavily disrupted countless companies around the world. The Sustainable Purchasing Leadership Council (SPLC) recognizes that established, healthy networks with business peers, the public sector, and stakeholders are critical to a company’s resilience.

Supply Chain Optimization 40

Supply Chain Optimization Leadership Sustainability Bidding 40

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

Una

NOVEMBER 29, 2023

This can include implementing a formal Supplier Relationship Management (SRM) program, sharing your strategy with key suppliers, collaborating on cost-saving initiatives, and ensuring a reliable and efficient supply chain. This may involve seeking out new suppliers, optimizing supplier portfolios, and conducting competitive bids.

Supply Chain Efficiency 52

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

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. Here are a few things to keep in mind if you're a manufacturer looking for more customers: Optimize Your Website To Convert New Customers.

Buyers 64

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

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

IBM Supply Chain Blog

APRIL 24, 2024

If malicious users write inputs that look like system prompts, the LLM can be tricked into doing the attacker’s bidding. Cybersecurity best practices Many of the same security measures organizations use to protect the rest of their networks can strengthen defenses against prompt injections. ” It worked on the remoteli.io

Data 82

Data Risk Bidding Networking 82

IBM Supply Chain Blog

AUGUST 23, 2023

Choosing the right instance offering and instance size for your application is critical for optimizing performance and reducing costs. If you are familiar with Turbonomic and wish to start optimizing your AWS environment now, start your free 30-day trial today. These instances maximize compute power using GPU and high core count CPU.

Networking 40

Networking Price Data Demand 40

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

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

Procurement Software

JUNE 13, 2023

It claims a ‘guided approach to sourcing optimization, AI-based algorithms and an intuitive user interface’. It also works in the other direction, analysing optimal prices and highlighting biggest opportunities. The platform also allows for the design of custom bid sheets, as well as the use of templates.

supply chain software solutions 52

supply chain software solutions Contract management Contract Sourcing 52

SPLC (Sustainable Purchasing Leadership Council)

MAY 29, 2019

Leadership Award for Public Interest Advocacy: Responsible Purchasing Network. Presented to the Responsible Purchasing Network for developing a model green lighting equipment contract for use by the City of San Francisco. Office Furniture: Leveraging a Space Optimization Project for Advancing Less-Toxic Product Requirements.

Leadership 40

Leadership Purchasing Sustainability Supply Chain Efficiency 40

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

Una

MARCH 6, 2024

Commonly Outsourced Functions Here are some of the main functions that businesses frequently outsource: IT Services Outsourcing IT functions such as software development, infrastructure management, and network security allows businesses to leverage specialized expertise and access the latest technologies without the need for heavy investment.

Procurement 52

Procurement Agile and Lean Supply Chain Purchasing Supply Chain Efficiency 52

Supply Chain Game Changer

NOVEMBER 9, 2018

trillion) are locked up in net working capital in today’s supply chains. The bullwhip effect is a distribution channel phenomenon in which forecasts yield supply chain inefficiencies. It refers to increasing swings in inventory in response to shifts in customer demand as one moves further up the supply chain. “

supply chain software solutions 42

supply chain software solutions Supply Chain Optimization Supply chain Networking 42

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

APRIL 3, 2025

What unique benefits can the following ProcureTech solution providers offer to address the above-referenced supply chain challenges: ThroughPut.ai, FlockScore, ProcurEngine. These insights are based on their general focus areas within the ProcureTech and supply chain optimization space. ThroughPut.ai ThroughPut.ai

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain Real-time Visibility 52

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

Skill Dynamics

JANUARY 30, 2025

Understanding Digital Procurement and Its Impact Digital procurement is the use of digital technology and tools to streamline, modernize, and optimize procurement operations within an organization. This could help develop trust throughout a supply chain as visibility and traceability both improve across the board.

Procurement 52

Procurement Supply Chain Efficiency Supply Chain Optimization Real-time Visibility 52