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

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

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

ivalua

DECEMBER 5, 2019

However, all too often supplier relationships become transactional, where the primary focus is to cut supplier prices. Smart procurement software gives businesses a 360-degree view of suppliers, providing a deeper understanding of who they work with and which suppliers could help on each project.

Innovation 170

Innovation Suppliers Procurement Collaboration 170

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.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Efficiency Sourcing 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

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

Supply Chain Game Changer

SEPTEMBER 22, 2022

Subscribe to Supply Chain Game Changer. Getting the right amount of products at the right price. Fortunately, there are plenty of software Solutions out there to help streamline things and make it easier across the board. Then, the suppliers submit their bids and the company decides which one to hire.

supply chain budgeting 101

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

Procurement Tactics

JULY 21, 2022

Procurement portals have shaped supply chain management drastically. It is one of the most useful and popular solutions for digital transformation. . A procurement portal is an e-procurement solution or tool that allows you to make your purchasing processes online. Leverages competitive bidding. Get better prices.

Procurement 147

Procurement Procurement solutions Bidding Competitive bidding 147

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. Many processes in procurement are done using procurement software. Procurement Today. Negotiating. Contracting.

Procurement 130

Procurement supply chain budgeting Negotiation supply chain software solutions 130

Procurement Software

JUNE 13, 2023

There doesn’t seem to be a month go by without a new solution coming onto the market offering eSourcing software as part of their offering. Knowing which solution is suited to your business and level of procurement maturity is a minefield. Which eSourcing solutions are best suited to mid-market businesses?

supply chain software solutions 52

supply chain software solutions Contract management Contract Sourcing 52

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. Traditionally, supplier information was collected and stored on paper, but today’s procurement software greatly facilitates this process. Then the Supplier registration form comes in handy.

Suppliers 132

Suppliers Bidding Purchasing Quality 132

Planergy

FEBRUARY 24, 2025

Modern Spend Management and Accounts Payable software. Think classroom supplies, laboratory equipment, educational software, and learning resources. This often involves sending a request for proposal (RFP), competitive bidding, detailed evaluations, and comprehensive vendor performance assessments. What's PLANERGY?

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

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. Editor's note: Hi there! Enhance inventory control.

Procurement 130

Procurement Supply Chain Efficiency Purchasing supply chain software solutions 130

Finale Inventory

JUNE 24, 2024

By implementing streamlined inventory processes, businesses can reduce storage costs, minimize waste, and optimize their supply chain management. An Introduction to Finale Inventory Software Finale Inventory is a comprehensive inventory management software designed specifically for ecommerce businesses.

Inventory 52

Inventory supply chain software solutions Management Supply Chain Optimization 52

Procurement Software

MARCH 7, 2023

Key advantages of using Procure-to-Pay and Source-to-Pay technology Hard Cost Savings Value Drivers Possible Disadvantages of using P2P and S2P software Can you combine P2P and S2P in procurement software? What’s the best S2P or P2P software for mid-market and SMEs? Improvements to end-to-end supply chain efficiency.

Sourcing 64

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 64

Pipefy

JANUARY 31, 2023

Successful procurement administrators review supplier performance, process change orders, and make price adjustments on a daily basis in order to maintain an intimate knowledge of contract requirements. These awards are legally binding source documents containing terms, conditions, and pricing of the goods or services.

Procurement 52

Procurement Bidding Supply Chain Efficiency supply chain software solutions 52

ivalua

JANUARY 22, 2019

A leading Telco leveraged the flexibility of the Ivalua platform to create a private marketplace where suppliers can bid for used mobile phones in mass volumes, generating hundreds of millions of dollars each year. Their stock price rose from $4.45 Innovation. The result? Meritor has a great team with great ideas.

Procurement 113

Procurement Agile and Lean Supply Chain Innovation supply chain software solutions 113

TYA Suite

JANUARY 27, 2025

This comprehensive solution streamlines procurement activities, improves and provides transparency across the entire supply chain. Real estate companies can use the system to assess vendor qualifications, review past performance, and compare pricing. One of the most effective tools for achieving these goals is a.

Real-time Visibility 40

Real-time Visibility Management Procurement supply chain budgeting 40

Empowering CPO

DECEMBER 3, 2020

The cartel forming companies divide the markets and customers between themselves and agree on prices. The consequences are increased prices and deteriorating quality of products and services. The cartel may decide to increase the pricing cohesively. New suppliers should feel that they also have a chance of winning the bid.

Chief Procurement Officer 52

Chief Procurement Officer Bidding Strategic sourcing Strategic sourcing 52

Procurement Insights

SEPTEMBER 15, 2023

As an introduction or lead-in to that old post, I want to share the following excerpt from an article written in June 2023 responding to the question – What is AI in supply chain in 2023? Also, AI can locate potential risks in the supply chain, such as disruptions due to weather events or geopolitical factors.”

Buyers 75

Buyers supply chain software solutions Bidding Quality 75

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

Procurement Software

MARCH 11, 2022

Sustainability initiatives within the supply chain. Competitive bidding for €10k worth of one-time spend. Yes, there are expensive purchasing software suites out there which cost hundreds of thousands of dollars and are aimed at large, enterprise level organisations. for the same price as the salary of a Category Manager.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

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. Industry experts call out advanced sourcing solutions as being extremely important to freight procurement. For more on JAGGAER’s Advanced Sourcing Optimization solution, download the datasheet.

Procurement solutions 40

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

Arkestro

MARCH 13, 2023

It turned to Arkestro Predictive Procurement software. Industry: Automotive Manufacturing Headquarters: New Jersey, USA Website: holman.com % savings in one day % supplier reduction “One of the challenges that we’ve had in categorizing our spend is taking on static, preferred supplier agreements to drive pricing down.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Procurement Bidding 52

Procurement Software

DECEMBER 5, 2022

Possible Disadvantages of using P2P and S2P software. Can you combine P2P and S2P in procurement software? What’s the best S2P or P2P software for mid-market and SMEs? We’ll cover the plethora of software solutions available to handle the entire P2P process or its specific steps later. Supplier due diligence.

Sourcing 52

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 52

Supply Chain Game Changer

AUGUST 15, 2019

Subscribe to Supply Chain Game Changer. Article written for Supply Chain Game Changer by, and permission to publish here provided by, Tyler Brown. You could also hire some just to test them out, or you could create bidding wars between them. Cost: The price of their goods compared to similar suppliers’ goods.

Suppliers 58

Suppliers supply chain software solutions Supply Chain Efficiency Supplier relationship management 58

World of Procurement blog

APRIL 23, 2024

Leverage Technology and Automation Adopting procurement software and technologies can significantly streamline processes, from e-sourcing to electronic payment systems. 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.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement supply chain budgeting 52

World of Procurement blog

APRIL 23, 2024

Leverage Technology and Automation Adopting procurement software and technologies can significantly streamline processes, from e-sourcing to electronic payment systems. 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.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement supply chain budgeting 52

Arkestro

SEPTEMBER 29, 2023

The software works with real-time and historical data, including user preferences, past buys, supplier performance, and market trends. Systems use this data to automate routine procurement tasks and make informed decisions about sourcing, pricing, and supplier relationships. Why is autonomous procurement important?

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement supply chain software solutions 52

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

Planergy

AUGUST 8, 2023

When signing on a new supply customer, you must consider more than just a good-sounding product and price. Open Tendering Open tendering is a procurement method that allows companies to bid on goods in an open competition or solicitation. It also requires objective evaluation measures to ensure accurate bids.

Sourcing 52

Sourcing Suppliers Procurement 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. You may have negotiated extra physical items or software licenses above the existing need, extended the warranty period beyond the default, or improved the SLA from Bronze to Silver. Demand reduction.

Procurement 98

Procurement supply chain budgeting Supply Chain Optimization Budget 98

Supply Chain Collaborator

JUNE 20, 2016

Tom Cook has authored nineteen books on global trade and supply chain. The June issue of American Shipper magazine published an article by Cook on developing sustainable relationships which this blogger found to be compelling because most of the advice his piece provides can be realized via the use of good, cloud-based TMS software.

Sustainability 60

Sustainability Logistics Supply Chain Efficiency Real-time Visibility 60

Procurement Software

MARCH 11, 2022

Sustainability initiatives within the supply chain. Competitive bidding for €10k worth of one-time spend. Yes, there are expensive purchasing software suites out there which cost hundreds of thousands of dollars and are aimed at large, enterprise level organisations. for the same price as the salary of a Category Manager.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

World of Procurement blog

MAY 8, 2024

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. Stakeholders : Procurement involves multiple internal stakeholders across the organization.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Software

JULY 4, 2023

Procurement technology, or procuretech, refers to software which powers these digital tools which automate and streamline procurement. Software can be used to not only assist procurement teams to automate manual processes such as data entry, document processing and vendor communication. What is procurement tech?

Supply Chain Efficiency 52

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