Supply Chain Game Changer

JUNE 23, 2021

Subscribe to Supply Chain Game Changer. Competitive bidding results article and permission to publish here provided by James Liang at PowerRFP. Leading a competitive bidding process can be painful. They all claim to support SMEs, but often come with 6-figure annual pricing. Subscribe Here! Email Address.

Competitive bidding 72

Competitive bidding Bidding supply chain software solutions Supply Chain Optimization 72

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

SCMDOJO

APRIL 3, 2022

They are far more convenient than conventional discussions and negotiations, providing procedural integrity and transparency while also lowering final prices owing to enhanced supplier competitiveness. Digital bidding, or eAuctions, are a more efficient way of negotiating with vendors in the international market.

Supply Chain Efficiency 141

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 141

Jaggaer

OCTOBER 24, 2024

Building Stronger Relationship s : Effective Approaches to Multi-Tier Supplier Collaboration A chain is only as strong as its weakest link—but what if you can’t evaluate the entire chain? Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 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

Jaggaer

FEBRUARY 5, 2025

The process creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. Your focus here is to get security of service at a good price. Draw up selection criteria optimizing outcomes against risk.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Efficiency Sourcing 52

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

SCMDOJO

DECEMBER 11, 2023

Access to data on supplier performance, market trends, and cost analyses enables leaders to optimize procurement strategies for improved efficiency and effectiveness. This fosters stronger collaborations, encourages accountability, and ensures a more reliable and resilient supply chain.

Supply Chain Efficiency 21

Supply Chain Efficiency Purchase orders Procurement Bidding 21

Procurement Insights

MARCH 27, 2025

AdaptOne could provide significant value to Byrne Dairy , a food and beverage company, by optimizing and digitizing its procurement operations particularly in supplier management , compliance tracking , and procurement workflow visibility. Include a table outlining pricing tiers. Here’s how: 1. Optional managed services (e.g.,

Real-time Visibility 52

Real-time Visibility e2e Suppliers Supply Chain Efficiency 52

Procurement Insights

MARCH 25, 2025

ANSWER #1 AdaptOne could provide significant value to Byrne Dairy , a food and beverage company, by optimizing and digitizing its procurement operations particularly in supplier management , compliance tracking , and procurement workflow visibility. Include a table outlining pricing tiers. Here’s how: 1.

Real-time Visibility 60

Real-time Visibility e2e Suppliers Contract 60

Procurement Tactics

JULY 21, 2022

Procurement portals have shaped supply chain management drastically. The procurement portal’s functionality lets two complex business processes be optimized and streamlined. Leverages competitive bidding. A procurement portal offers a variety of ways for stress-free bidding management. Get better prices.

Procurement 147

Procurement Procurement solutions Bidding Competitive bidding 147

TYA Suite

OCTOBER 27, 2024

is a comprehensive solution designed to automate and optimize the. facilitate the evaluation and selection of vendors based on various criteria, such as price, quality, and delivery performance. For instance, the software can track vendor financial health, monitor geopolitical developments, and flag potential risks in the supply chain.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

Procurement Templates

MARCH 3, 2024

Risks may include budget constraints, supply chain disruptions, quality issues, legal compliance, etc. This involves assessing suppliers’ capabilities, pricing, quality standards, and reputation. This involves categorizing expenditures, identifying top suppliers, analyzing price variances, and assessing demand patterns.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

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

Planergy

FEBRUARY 24, 2025

Market Research Comprehensive market research helps institutions identify potential suppliers, compare pricing, evaluate product quality, and understand emerging technologies and solutions relevant to educational contexts. Think about how major retail giants can afford to keep their pricing low – bulk buying power.

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

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

Una

MARCH 6, 2023

Prioritize factors beyond cost We often talk about looking beyond the lowest price when assessing suppliers, but this approach still assumes cost and risk will be the top two considerations. Negotiate in areas other than pricing If a supplier negotiation has reached an impasse, this doesn’t necessarily mean it is doomed to failure.

Purchasing 98

Purchasing Innovation Agile and Lean Supply Chain Supplier relationship management 98

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. Today, however, the pandemic has shown procurement to be more than simply purchasing goods and services.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

Arkestro

SEPTEMBER 7, 2023

Automotive Accelerate your auto supply chain efficiency with Arkestro Get in touch Our solutions Rev up your procurement impact with PPO Predictive Procurement Orchestration (PPO) is transforming the way automotive companies find the right supplier, at the right price, at the right time. Let’s talk.

Bidding 52

Bidding Supply Chain Optimization Supply Chain Efficiency Price 52

Arkestro

AUGUST 22, 2023

Resources / Blog / The Power of Predictive Procurement Orchestration for Food & Beverage Supply Chain The Power of Predictive Procurement Orchestration for Food & Beverage Supply Chain Food and beverage procurement professionals have had their work cut out for them during the last few years.

Food and Beverage Supply Chain 52

Food and Beverage Supply Chain supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 52

Jaggaer

DECEMBER 4, 2018

You might default to selecting the “cheapest” provider, but it may come at the costly price of performance or even worse—safety. JAGGAER’s Sourcing Optimization tool allows transportation companies to automate and evaluate high volumes of complex, conditional bids with multiple suppliers. It’s Time to Catch Up.

Procurement solutions 40

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

Supply Chain Collaborator

MAY 23, 2018

Supply chain management leaders, especially in transportation, are under heavy fire from CFOs for the dramatic increases in freight spend that are eroding the profitability of shippers in every industry. Automation, supply chain digitization, Big Data analytics and other trends will continue their accelerated march into the future.

Supply Chain Efficiency 17

Supply Chain Efficiency supply chain budgeting Freight Audit Logistics 17

Arkestro

SEPTEMBER 29, 2023

Manufacturing Optimize Manufacturing Efficiency with Arkestro Get in touch Our solutions Gear Up for Success: Predictive Procurement Fine-Tunes Efficiency in the Manufacturing Industry Arkestro is your secret weapon in the manufacturing industry. We help you save money and time, across all areas of addressable spend.

Real-time Visibility 52

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Bidding 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. Commodity or CPI index-related prices (e.g., While a 5-7% year-on-year price reduction is perceived as a good result, you may eliminate up to 100% of wasteful demand. The cost increase avoidance.

Procurement 98

Procurement supply chain budgeting Supply Chain Optimization Budget 98

TYA Suite

JANUARY 27, 2025

This comprehensive solution streamlines procurement activities, improves and provides transparency across the entire supply chain. A provides a structured framework to streamline these activities, ensuring transparency, accountability, and optimal resource utilization. is crucial for establishing successful.

Real-time Visibility 40

Real-time Visibility Management Procurement supply chain budgeting 40

World of Procurement blog

APRIL 23, 2024

Adopt a Total Cost of Ownership (TCO) Approach Evaluating purchases based on the total cost of ownership rather than just the initial price can lead to significant savings. This includes fair treatment of suppliers, transparent bid processes, and adherence to anti-corruption policies.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement supply chain budgeting 52

World of Procurement blog

APRIL 23, 2024

Adopt a Total Cost of Ownership (TCO) Approach Evaluating purchases based on the total cost of ownership rather than just the initial price can lead to significant savings. This includes fair treatment of suppliers, transparent bid processes, and adherence to anti-corruption policies.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement supply chain budgeting 52

Supply Chain Collaborator

MAY 23, 2018

Supply chain management leaders, especially in transportation, are under heavy fire from CFOs for the dramatic increases in freight spend that are eroding the profitability of shippers in every industry. Automation, supply chain digitization, Big Data analytics and other trends will continue their accelerated march into the future.

Supply Chain Efficiency 74

Supply Chain Efficiency supply chain budgeting Freight Audit Logistics 74

The Good Spending

NOVEMBER 5, 2021

Procurement is on the journey from cost-cutting to value delivery Naturally, Procurement started in the lowest cost arena, where the cheapest bid wins. Lowest bid Supplier selection by the lowest bid is still the dominant approach in many companies, especially public ones. This method is simple, logical, and easy to implement.

Procurement 52

Procurement Bidding Contract Supply Chain Efficiency 52

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. The goal is to find suppliers capable of delivering based on specifications, pricing, quality, capacity, and other factors.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Arkestro

JANUARY 9, 2024

As we move into 2024, procurement teams continue to face hurdles like supply chain volatility, geopolitical tensions, budget restrictions, talent shortages, and more. Sustainable bidding. Here are just a few ways manufacturing procurement teams can leverage AI and automation tools this year: Minimize supply chain disruptions.

supply chain budgeting 52

supply chain budgeting Supply chain resilience Procurement Supply Chain Optimization 52

Arkestro

SEPTEMBER 29, 2023

Autonomous procurement refers to the use of advanced technologies to streamline and optimize the procurement process. Systems use this data to automate routine procurement tasks and make informed decisions about sourcing, pricing, and supplier relationships. What is autonomous procurement? Why is autonomous procurement important?

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement supply chain software solutions 52

NLPA (Next Level Purchasing Association)

SEPTEMBER 21, 2023

The modern business landscape is constantly evolving, and this dynamism is especially evident in the areas of purchasing and supply chain management. In today’s connected world, supply chains have become more complex, with global reach, sustainability concerns, and rapidly changing market dynamics.

Procurement 52

Procurement Supply Chain Optimization Supply Chain Efficiency Supply chain management 52

Arkestro

FEBRUARY 6, 2024

Arkestro’s Personal Touch Across the Globe When a large organization with a complex supply chain came to Arkestro to implement our PPO platform, our professional services team traveled to three of their global locations to make sure PPO could be their strategic superpower this year. Our suggested pricing capabilities.

Competitive bidding 52

Competitive bidding Procurement Real-time Visibility Supply Chain Efficiency 52

Una

SEPTEMBER 21, 2023

These actions typically involve negotiating better deals with suppliers , optimizing procurement processes, and finding cost-efficient alternatives for goods and services. Procurement professionals work closely with suppliers to secure better pricing terms, discounts, and favorable contract terms.

Competitive bidding 52

Competitive bidding Ethics Supply Chain Optimization Strategy 52

Finale Inventory

JUNE 24, 2024

It involves keeping track of all the products you have in stock, ensuring their availability for customers, and optimizing your inventory levels to meet customer demands. By implementing streamlined inventory processes, businesses can reduce storage costs, minimize waste, and optimize their supply chain management.

Inventory 52

Inventory supply chain software solutions Management Supply Chain Optimization 52

TYA Suite

SEPTEMBER 25, 2024

Each topic will be thoroughly covered, ensuring that you have a solid grasp of how eSourcing platforms can optimize procurement activities and best practices in sourcing, as well as how effective sourcing methods can significantly enhance your business operations. This phase may also involve site visits, product samples, or reference checks.

Supply Chain Efficiency 40

Supply Chain Efficiency Sourcing Procurement supply chain budgeting 40