ivalua

JULY 11, 2022

New release features AI-powered contract management, more seamless messaging and communications, supplier risk and performance enhancements and procure-to-pay efficiency . Automated Bid & Buy: Empower users to conduct simple and automated spot bids from within a purchase requisition. AI-powered contract management.

Supply chain resilience 130

Supply chain resilience Collaboration Supply Chain Efficiency supply chain budgeting 130

Arkestro

NOVEMBER 12, 2024

However, as supply chains have evolved into complex, global systems, the demands on procurement, and associated workload have increased significantly. The Pitfalls of Catalog Pricing Catalog workflows, often compared to Amazon-style experiences, have made it easier for organizations to delegate spend management to other teams.

Procurement 52

Procurement Bidding Procurement team Supply Chain Efficiency 52

Jaggaer

OCTOBER 24, 2024

Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain. Multi-tier supplier collaboration involves building transparency with and beyond your first tier suppliers. The Role of Communication in Supply Chain Collaboration Communication puts collaboration in motion.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

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

Procurement Insights

MARCH 16, 2025

MCP ensures that AI-driven procurement solutions retain, process, and apply relevant context to enhance decision-making and operational efficiency. AI-Powered RFP & Bid Management When issuing an RFP (Request for Proposal) , procurement professionals interact with AI that understands past procurement criteria and scoring methods.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

Skill Dynamics

DECEMBER 18, 2024

This reduces competition and can lead to inflated prices and potentially compromised quality of your goods and services. Unusual vendor behavior such as the consistent submission of suspiciously high bid values or constantly changing bank details are cause for scrutiny.

Risk 52

Risk Strategy Supply Chain Efficiency Procurement 52

SCMDOJO

OCTOBER 3, 2024

In this highly competitive job market, more is needed for students to learn the supply chain theory simply. Due to the quick movement and fast reaction of global logistics, the new generation entering the supply chain industry must learn and master some vital technical and soft skills.

Supply Chain Efficiency 98

Supply Chain Efficiency supply chain software solutions Supply chain Supply chain management 98

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. This blog aims to empower procurement professionals by shedding light on how each report contributes to enhanced transparency, accountability, and efficiency within the procurement function.

Supply Chain Efficiency 21

Supply Chain Efficiency Purchase orders Procurement Bidding 21

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

Procurement Heads

MARCH 27, 2023

The ongoing impact of inflation and fluctuations in materials pricing continue to have an impact, and it’s increasingly challenging to negotiate because prices are changing significantly within a short period of time. 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

Jaggaer

FEBRUARY 5, 2025

It is a process that creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. Assessment of the supply market (who offers what?) But there is a distinction between price and value.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

TYA Suite

OCTOBER 27, 2024

It encompasses a range of features aimed at managing the acquisition of goods and services efficiently. This transparency helps businesses identify potential issues early and take corrective actions promptly. facilitate the evaluation and selection of vendors based on various criteria, such as price, quality, and delivery performance.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

Jaggaer

FEBRUARY 13, 2025

Companies want to avoid or mitigate disruptions to the supply chain and manage stranded assets. Procurement stands at the center of several competing aims and objectives: cost savings, compliance, reputation, innovation, finance and supply chain resilience. But there are other considerations.

Leadership 52

Leadership Procurement Supply Chain Efficiency Sustainability 52

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 Efficiency supply chain budgeting Budget 52

Supply Chain Collaborator

AUGUST 17, 2018

After all, when it has to be there on time and lead time is already short, simply finding a carrier willing to move the freight at any price can seem like a win. While you can’t completely avoid premium pricing when shipping via the spot market, you can certainly take steps to ensure you’re paying the lowest premium the market will bear.

Budget 100

Budget Competitive bidding Bidding Logistics 100

Procurement Tactics

APRIL 25, 2023

Thus, you can give your employees a suitable working environment that will allow them to apply the best practices in procurement effectively and efficiently. It helps businesses by improving their finances and processes against a range of challenges that may disrupt the supply chain. Sustainable Procurement: What is it?

Sustainability 168

Sustainability Procurement Ethics Supply Chain Efficiency 168

ivalua

FEBRUARY 27, 2023

Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

Procurement Insights

MARCH 27, 2025

AdaptOne Solution: Automates purchase requisitions , bid collection , vendor approvals , and contract execution Routes tasks and approvals based on custom workflows Supports both direct (ingredients, materials) and indirect spend categories Impact: Increased speed, fewer errors, lower administrative overhead. Optional managed services (e.g.,

Real-time Visibility 52

Real-time Visibility e2e Suppliers Supply Chain Efficiency 52

Procurement Templates

MARCH 3, 2024

This assessment aims to identify what the organization needs to procure to fulfill its objectives effectively and efficiently. Risks may include budget constraints, supply chain disruptions, quality issues, legal compliance, etc. This involves assessing suppliers’ capabilities, pricing, quality standards, and reputation.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Procurement Heads

JULY 26, 2023

I established some real cost savings for the company, by collaborating and using an external supply chain. This meant that cash flow was sustainable and the level of service that we received was in line with the prices we were paying. It’s a fair, transparent, and open process to ensure value for money.

Contract management 130

Contract management Contract Supply Chain Efficiency Price 130

Procurement Insights

MARCH 25, 2025

AdaptOne Solution: Automates purchase requisitions , bid collection , vendor approvals , and contract execution Routes tasks and approvals based on custom workflows Supports both direct (ingredients, materials) and indirect spend categories Impact: Increased speed, fewer errors, lower administrative overhead. Optional managed services (e.g.,

Real-time Visibility 60

Real-time Visibility e2e Suppliers Contract 60

Procurement Tactics

JULY 21, 2022

Procurement portals have shaped supply chain management drastically. Leverages competitive bidding. A procurement portal offers a variety of ways for stress-free bidding management. Get better prices. This improves the speed and efficiency of procurement practices. . What is a Procurement Portal?

Procurement 147

Procurement Procurement solutions Bidding Competitive bidding 147

Procurement Tactics

AUGUST 9, 2022

A vendor is an entity in the supply chain that sells or provides goods and services to companies or organizations. Establishing and maintaining a strong vendor relationship is important to customer service, quality, cost efficiency, and market development. . The price might be low but so is the quality of materials.

Vendor relationships 130

Vendor relationships Quality Price Bidding 130

Procurement Tactics

AUGUST 30, 2022

The goal of using an e-procurement system is to get goods or services at the best possible price at the best possible time. Since electronic procurement is an online business platform, it utilized networked systems and web interfaces for supply chain processes and operations. Transparency. Editor's note: Hi there!

Procurement 130

Procurement Supply Chain Efficiency Purchasing supply chain software solutions 130

Procurement Tactics

JULY 13, 2022

The global pandemic and the ongoing war between Russia and Ukraine have disrupted the supply chain. This will allow you to give importance to these functions that will keep your supply chain sustainable. It affects the profitability of a business if they buy materials that are high in price. Procurement Today.

Procurement 130

Procurement supply chain budgeting Negotiation supply chain software solutions 130

SCMDOJO

JULY 28, 2022

This means that every time you host a sourcing event, the same suppliers bid on the same products at the same prices. The client’s purchasing staff or other employees can then use the system to determine which suppliers are on the approved list to bid on opportunities. Then the Supplier registration form comes in handy.

Suppliers 132

Suppliers Bidding Purchasing Quality 132

Procurement Software

MARCH 11, 2022

And yet, poor operational efficiency in Procurement means that the typical Category Manager often spends at least a THIRD of their time performing “busy work” This is not an effective or efficient use of their time. Sustainability initiatives within the supply chain. Reductions in energy or material consumption.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Una

APRIL 23, 2024

How Machine Learning is Transforming Supply Chain Management Machine learning applied to supply chain management allows businesses to enhance decision-making and streamline operations. Machine learning, a subset of AI, has emerged as a game-changer in the world of supply chain management.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Optimization Supply Chain Efficiency 52

Arkestro

SEPTEMBER 29, 2023

Systems use this data to automate routine procurement tasks and make informed decisions about sourcing, pricing, and supplier relationships. Procurement teams run at the highest level of efficiency with autonomous procurement. This leads to better pricing and terms, reduced errors, improved accuracy, and reduced administrative costs.

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement supply chain software solutions 52

Una

NOVEMBER 1, 2022

Procurement professionals are abandoning traditional sourcing practices in favor of more responsive strategies to supply chain management in pursuit of more significant cost savings and organizational efficiencies. Increased efficiency & innovation.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

Supply Chain Game Changer

SEPTEMBER 22, 2022

Subscribe to Supply Chain Game Changer. Getting the right amount of products at the right price. Then, the suppliers submit their bids and the company decides which one to hire. It’s also good for comparing prices, working out contracts with other suppliers, and creating a path to better supplier relationships.

supply chain budgeting 101

supply chain budgeting Real-time Visibility supply chain software solutions Procurement 101

TYA Suite

SEPTEMBER 25, 2024

This process is integral to procurement and supply chain management, aiming to secure the best possible terms for the organization while ensuring the quality and reliability of the supplied products or services. This stage helps evaluate suppliers based on their pricing, terms, and solutions offered.

Supply Chain Efficiency 40

Supply Chain Efficiency Sourcing Procurement supply chain budgeting 40

Jaggaer

OCTOBER 24, 2024

In this situation, you might choose to leverage Expressive Bidding , which creates a collaborative marketplace where buyers showcase their capabilities and buyers provide real-time guidance that results in more competitive and advantageous bid responses. You can also lower bottom-line costs and increase top-line value.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Agile and Lean Supply Chain 52

TYA Suite

JANUARY 27, 2025

The real estate industry, characterized by intricate processes and substantial investments, constantly seeks ways to enhance efficiency, reduce costs, and ensure timely project completion. This comprehensive solution streamlines procurement activities, improves and provides transparency across the entire supply chain.

Real-time Visibility 40

Real-time Visibility Management Procurement supply chain budgeting 40

Value Match

JUNE 13, 2022

Bid Management. During May, India announced its wheat export ban after a season of exceptional hot weather affected their crop sending domestic prices soaring. Location of your Suppliers & their Supply Chain. Do you know the critical locations and associated risk of your supply chain?? Categories.

Risk management 52

Risk management Supply Chain Efficiency Risk Supply chain 52

Supply Chain Game Changer

SEPTEMBER 23, 2020

Subscribe to Supply Chain Game Changer. The ability to unlock freight optimization and gain meaningful insights to monitor, measure and improve supply chain management is more critical than ever. The carrier is already looking out for us and offering the best price. Tender rejections are inevitable.

Supply Chain Optimization 91

Supply Chain Optimization Supply Chain Efficiency Supply chain Supply chain management 91

Procurement Software

APRIL 18, 2023

eAuctions are a negotiation method that allow buyers to leverage market-driven pricing opportunities. This involves suppliers competing in sequential bidding. Live, and within an allotted time period, suppliers lower their prices against the nearest competitor in order to win your business. What is an eAuction?

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52