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

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 Templates

MARCH 7, 2024

It serves as a reference guide for procurement professionals and other stakeholders involved in purchasing goods and services. Risk management: Strategies for identifying and mitigating risks associated with procurement activities, such as supply chain disruptions, financial instability of vendors, and legal or regulatory compliance issues.

Supply Chain Efficiency 130

Supply Chain Efficiency Procurement Ethics Contract management 130

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.

Procurement 147

Procurement Procurement solutions Bidding Competitive bidding 147

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

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

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. What is Procurement Software?

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. What is Procurement Software?

supply chain software solutions 52

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

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

Supply Chain Game Changer

SEPTEMBER 22, 2022

Subscribe to Supply Chain Game Changer. 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. appeared first on Supply Chain Game Changer™.

supply chain budgeting 101

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

Planergy

FEBRUARY 24, 2025

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. Procurement in education is far more than simple purchasing. Think classroom supplies, laboratory equipment, educational software, and learning resources.

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 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. In some categories it makes sense to conduct a competitive sourcing event, for example an online auction using eSourcing software.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Efficiency Sourcing 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 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

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. Contracting.

Procurement 130

Procurement supply chain budgeting Negotiation supply chain software solutions 130

TYA Suite

JANUARY 27, 2025

This comprehensive solution streamlines procurement activities, improves and provides transparency across the entire supply chain. The system automates the creation, approval, and tracking of purchase orders, reducing the risk of errors and delays. 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

Finale Inventory

JUNE 24, 2024

By implementing streamlined inventory processes, businesses can reduce storage costs, minimize waste, and optimize their supply chain management. The Role of Inventory Management in Ecommerce Success Effective inventory management ensures that you have the right products in stock when customers are ready to purchase.

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

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

Pipefy

JANUARY 31, 2023

A Administrator A business professional who oversees the ongoing management of the purchase order (PO) or contract, confirming that both the organization and suppliers adhere to the contract’s terms and conditions. Sealed bids are used most often when the determining criteria is lowest price.

Procurement 52

Procurement Bidding Supply Chain Efficiency supply chain software solutions 52

Supply Chain Game Changer

OCTOBER 24, 2022

Subscribe to Supply Chain Game Changer. The Bullwhip Effect is a pretty popular phenomenon and conversational topic in supply chain management. In most cases, it refers to inventory problems that occur due to miscommunication between organizations in a supply chain. Planning and purchasing.

Real-time Visibility 76

Real-time Visibility supply chain budgeting supply chain software solutions Inventory 76

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

SCMDOJO

JULY 3, 2023

Read More: Top 10 Supply Chain Management Courses to Boost Your Career ] Accreditation and Industry Recognition Check to see if the training programme is acknowledged by the procurement sector or accredited by the relevant professional organizations. What is procurement and purchasing Lesson 2. Types of procurement.

Cost of ownership 98

Cost of ownership Procurement Category management supply chain software solutions 98

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. Reductions in energy or material consumption.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

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.

Sourcing 52

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

Supply Chain Game Changer

JANUARY 9, 2019

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. Regardless of your position or situation it is highly valuable to understand the type of interview questions, and answers, appropriate for Procurement and Purchasing professionals. Subscribe Here!

Procurement 68

Procurement Purchasing Negotiation supply chain software solutions 68

Arkestro

MARCH 13, 2023

It turned to Arkestro Predictive Procurement software. Arkestro empowers us to automate and accelerate the bidding process, speeding delivery of preferred supplier agreements to different businesses.” Due to pandemic-driven market disruption, consumer behaviors shifted and labor forces shrunk — suffocating the global supply chain.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Procurement Bidding 52

Procurement Software

JULY 4, 2023

It also provides real-time data and analytics that can be used to improve purchasing decisions. Procurement technology, or procuretech, refers to software which powers these digital tools which automate and streamline procurement. These in turn can be used to inform better purchasing decisions and improve operational efficiencies.

Supply Chain Efficiency 52

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

Planergy

AUGUST 8, 2023

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. It’s commonly used in construction procurement projects to help streamline the bidding process.

Sourcing 52

Sourcing Suppliers Procurement Bidding 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

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

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

Understanding Procurement Technology Procurement technology refers to the software and systems that automate and streamline procurement processes for businesses, covering everything from sourcing materials and services to managing contracts and analyzing spending. Software like Concord and Agiloft comes to mind.

Procurement 52

Procurement Supply Chain Efficiency Real-time Visibility Purchase orders 52

World of Procurement blog

JULY 27, 2021

You were probably expecting us to state it is “to buy or purchase a service or an object”. Whilst Procurement can often be carried out via a purchase, it is more than just purchasing. You’ll also notice that Procurement is often talked about as part of the Supply Chain. How to do Procurement? That sucks!

Procurement 52

Procurement Procurement team supply chain budgeting Contract management 52

World of Procurement blog

MAY 8, 2024

Procurement differs from purchasing in a few key ways: Strategic focus : Procurement has a strategic, long-term focus on analyzing spend, reducing costs, managing supplier relationships, and mitigating risk. Purchasing is more transactional and tactical. Purchasing focuses specifically on the buying transaction.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Arkestro

SEPTEMBER 29, 2023

The software works with real-time and historical data, including user preferences, past buys, supplier performance, and market trends. With all the time saved, procurement teams can dedicate their days to the most unpredictable and complex spend categories, leaving procurement software to handle the rest.

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement supply chain software solutions 52