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

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

Skill Dynamics

DECEMBER 18, 2024

Unusual vendor behavior such as the consistent submission of suspiciously high bid values or constantly changing bank details are cause for scrutiny. Inconsistencies between purchase orders and invoices are another thing to watch for. Theyre both key tools in ensuring transparency and accountability within your organization.

Risk 52

Risk Strategy Supply Chain Efficiency Procurement 52

ivalua

FEBRUARY 10, 2023

You can also use its eSourcing solution to create RFPs, receive bids from qualified suppliers, analyze supplier performance and manage contracts in one place. With Ivalua, you can quickly access spend analysis tools to identify areas for cost savings and benchmark current prices against market trends.

Price 264

Price Strategy Sourcing Real-time Visibility 264

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

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. From the Purchase Order (PO) Status Report to the RFQ Performance Report, each report is dissected to provide a clear definition and a deeper understanding of its significance.

Supply Chain Efficiency 21

Supply Chain Efficiency Purchase orders Procurement Bidding 21

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. The Limits of Long-Term Contracts and Blanket Purchase Agreements One common practice to manage non-strategic spend is the use of long-term contracts and blanket purchase agreements.

Procurement 52

Procurement Bidding Procurement team Supply Chain Efficiency 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. Contextualized Spend Analysis & Cost Optimization AI models use MCP to remember previous spend categories, budget constraints, and organizational purchasing behavior.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 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 104

Price Negotiation supply chain software solutions Supply Chain Optimization 104

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

TYA Suite

OCTOBER 27, 2024

It encompasses a range of features aimed at managing the acquisition of goods and services efficiently. A well-integrated procurement management system facilitates the seamless execution of procurement activities, from requisition and purchase order creation to and payment. is crucial for maintaining strong vendor partnerships.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

Planergy

FEBRUARY 24, 2025

Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. The Four Types of Procurement in Education Key Steps in the Education Procurement Process Who Benefits from Efficient Procurement? Procurement in education is far more than simple purchasing. What's PLANERGY?

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

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

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

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?) emergency purchases and b.) Tactical sourcing is ideal for a.)

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

Procurement Tactics

JULY 21, 2022

Procurement portals have shaped supply chain management drastically. A procurement portal is an e-procurement solution or tool that allows you to make your purchasing processes online. Leverages competitive bidding. A procurement portal offers a variety of ways for stress-free bidding management. Average lead time.

Procurement 147

Procurement Procurement solutions Bidding Competitive bidding 147

Procurement Insights

MARCH 27, 2025

Enhanced Visibility into Procurement Data Challenge: Lack of a unified view across departments (purchasing, logistics, quality control). Workflow Automation for Procurement & Sourcing Challenge: Manual purchasing, emailing for RFQs, and slow approvals. We produce milk, yogurt, and other dairy products for retail and food service.

Real-time Visibility 52

Real-time Visibility e2e Suppliers Supply Chain Efficiency 52

Supply Chain Game Changer

MAY 23, 2022

Subscribe to Supply Chain Game Changer. Purchasing items for projects has always been difficult because of high administration costs and risks associated with both the buyer and seller. Just like France, China is also involved in making trades in a secure and efficient trading platform, you can visit the website for more info.

Supply Chain Efficiency 86

Supply Chain Efficiency Bidding Networking Supply chain 86

Jaggaer

DECEMBER 12, 2024

enables procurement, finance and supply chain to collectively boost cost savings, make better decisions, and accelerate digital innovation RESEARCH TRIANGLE, NC – JAGGAER , a global leader in enterprise procurement and supplier collaboration, today announces the 24.3 JAGGAER One 24.3 version of its JAGGAER One platform.

Supply Chain Optimization 52

Supply Chain Optimization Bill of materials Supply Chain Efficiency Contract 52

Procurement Tactics

AUGUST 30, 2022

Electronic procurement or e-procurement is the process of acquiring, ordering, and purchasing goods and services online. . 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.

Procurement 130

Procurement Supply Chain Efficiency Purchasing supply chain software solutions 130

Procurement Insights

MARCH 25, 2025

Enhanced Visibility into Procurement Data Challenge: Lack of a unified view across departments (purchasing, logistics, quality control). Workflow Automation for Procurement & Sourcing Challenge: Manual purchasing, emailing for RFQs, and slow approvals. We produce milk, yogurt, and other dairy products for retail and food service.

Real-time Visibility 60

Real-time Visibility e2e Suppliers Contract 60

SCMDOJO

JULY 28, 2022

The purchasing department purchases different types of goods and services. This means that every time you host a sourcing event, the same suppliers bid on the same products at the same prices. This means that every time you host a sourcing event, the same suppliers bid on the same products at the same prices.

Suppliers 132

Suppliers Bidding Purchasing Quality 132

ivalua

DECEMBER 14, 2020

The pandemic wreaked havoc on businesses and their supply chains, but even in these trying times, there’s a silver lining. The job of sourcing professionals is to understand the risk in the supply chain and manage it so they can react quickly when a problem occurs.” Start by Putting the Right Technology in Place.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Procurement 130

Procurement Templates

MARCH 3, 2024

A RFQ is used for low cost purchases and a PQQ is typically used for higher cost tenders. 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.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

ivalua

FEBRUARY 27, 2023

Manufacturers can off-set the effects of inflation and avoid passing on price increases to their goods and services by maximizing the efficiency and effectiveness of the procurement function. Manufacturers, take charge of your supply chain! Let’s explore further.

Real-time Visibility 130

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

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

Una

NOVEMBER 1, 2022

These “back-office” workers were seen primarily as clerical support, entering and tracking purchase orders and researching suppliers. Today, however, the pandemic has shown procurement to be more than simply purchasing goods and services. Increased efficiency & innovation.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

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 organizations realized that the key to saving costs is the effectiveness of the purchasing department’s decision.

Procurement 130

Procurement supply chain budgeting Negotiation supply chain software solutions 130

Procurement Templates

NOVEMBER 11, 2022

Please circulate this document within your organisation, drawing it to the attention of those with a purchasing role. Dissemination and Scope The contents of this Action Note apply to all Central Government Departments including their Executive Agencies and Non Departmental Public Bodies (InScope Organisations).

Procurement 130

Procurement Contract Supply Chain Efficiency Bidding 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

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

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

Claritum

FEBRUARY 4, 2020

Problems can arise when bespoke requirements are purchased directly by employees throughout the organisation or just “passed through” by overworked buyers who have no time to deal with the suppliers. This can result in products and services being purchased across the organisation with no consistency of supply, sustainability or quality.

Purchasing 47

Purchasing Sourcing Supply Chain Efficiency Suppliers 47

Una

MAY 18, 2023

It can take various forms including: Bid rigging/collusion: Anti-competitive behavior where suppliers agree in advance who will win the bid for a contract, sometimes with the procurement employee’s collusion. Lack of transparency, inadequate internal controls, and limited oversight further exacerbate the risk.

Risk 98

Risk Procurement Bidding Suppliers 98

Arkestro

SEPTEMBER 29, 2023

Procurement teams run at the highest level of efficiency with autonomous procurement. By leveraging the latest technology to improve efficiency, organizations can increase cost savings, reduce risks in the supply chain, and enhance overall performance. Why is autonomous procurement important?

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement supply chain software solutions 52