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. Here’s how: 1. We aim to improve supplier onboarding, ensure regulatory compliance (e.g.,

Real-time Visibility 52

Real-time Visibility e2e Suppliers Supply Chain Efficiency 52

ivalua

FEBRUARY 27, 2023

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which provide procurement with the tools needed to maximize the value they get from their supplier relationships, automate and streamline processes, and identify opportunities for cost savings.

Real-time Visibility 130

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

ivalua

NOVEMBER 29, 2021

Lack of control or visibility into what is being spent and with which suppliers. Data comes from multiple sources, such as purchasing/payment systems, purchasing card data, travel and expense systems, and often multiple ERP systems. Once you have visibility into your tail spend, you can look at patterns.

Buyers 130

Buyers Real-time Visibility Purchasing Spend management 130

Zycus Cognitive Procurement

JANUARY 16, 2023

You must have found yourself struggling with limited visibility into preferred or contracted suppliers, contract utilization status, budgeting issues, and multiple requirements for sourcing low dollar items or services. It is usually time consuming, require multiple approvals and follow ups.

Sourcing 52

Sourcing Real-time Visibility Procurement Buyers 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. From sourcing construction materials to hiring contractors, a well-organized is essential for timely project completion and cost control.

Real-time Visibility 40

Real-time Visibility Management Procurement supply chain budgeting 40

Jaggaer

JULY 7, 2020

Over time, this engagement has expanded globally and is still focused on one of the most testing categories of sourcing and contract management within procurement: transport and logistics. In 2019 the company decided to embark on a project to implement global dashboards for sourcing and contracting events. The Solution.

Real-time Visibility 52

Real-time Visibility e2e Contract Contract management 52

EazyStock

AUGUST 28, 2023

It then automates those time-consuming and inaccurate manual inventory management processes. You’ll be able to calculate the optimal reorder points and set the right safety stock levels to meet any variance in demand and lead times. Say goodbye to overstocking and stockouts, as data guides your inventory levels.

Real-time Visibility 52

Real-time Visibility Inventory Data Management 52

Procurement Insights

APRIL 3, 2025

specializes in leveraging artificial intelligence to optimize supply chain operations, with a strong emphasis on real-time data analytics and demand sensing. By analyzing historical and real-time data, it helps businesses anticipate fluctuations, reducing overstocking or stockouts. ThroughPut.ai ThroughPut.ai

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain Real-time Visibility 52

Spend Matters

OCTOBER 17, 2024

We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. It was about time for a software solution that automatically identifies cost saving potentials — the key KPI — to procurement organizations. ” What does it mean to be named a Future 5?

Buyers 110

Buyers Real-time Visibility Sustainability Data 110

World of Procurement blog

MAY 8, 2024

It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. What is Procurement?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

TYA Suite

SEPTEMBER 25, 2024

Sourcing is a critical component in attaining operational excellence and propelling organizational success in today’s ever-changing business landscape. This in-depth guide explores the its foundations, and how e-sourcing is transforming acquisition tactics. 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

Pipefy

FEBRUARY 13, 2023

Procurement is the process businesses use to source and obtain goods/services from external suppliers to achieve strategic objectives and fulfill business needs or purchase requests. In this stage of the process, multiple departments collaborate to address capability requirements, design, technology, and, most importantly, time and cost.

Real-time Visibility 52

Real-time Visibility e2e Procurement Bidding 52

Planergy

FEBRUARY 24, 2025

While less visible, these procurement areas are crucial for maintaining a functional educational environment. This often involves sending a request for proposal (RFP), competitive bidding, detailed evaluations, and comprehensive vendor performance assessments. Learn about us, and our long history of helping companies just like yours.

Procurement 52

Procurement supply chain budgeting Supply Chain Efficiency Budget 52

Procurement Software

APRIL 18, 2023

These negotiations take place in real time, with all prospective suppliers at once. This saves buyers not only money, but hours of conversation time. This involves suppliers competing in sequential bidding. This back and forth is very time-consuming. This not only saves time and human resources.

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

Claritum

MAY 11, 2018

Does your business source products and services from global markets? If your company is sourcing goods and services internationally you could be reaping many benefits. However, you could also face many challenges when globally sourcing across geopolitical boundaries. Do you have visibility of a global supply chain?

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Global sourcing Sourcing Chief Procurement Officer Real-time Visibility 32

Procurement Heads

AUGUST 2, 2023

Additionally, it felt like the right time for a new challenge, as I had spent nearly 24 years with my previous employer. The transformation initially focused on restructuring the team and emphasising the importance of providing an excellent service to our projects and bids, as fundamentally we are a project-based business.

Supply chain 130

Supply chain Real-time Visibility Sustainability Procurement strategies 130

Bonfire

APRIL 3, 2023

For many of them, their organizations have invested a lot of time and money in ERP systems that do many things well and are there to stay. There’s often little visibility into supplier performance and risk, limited supplier collaboration and communication, and little or no ability to manage supplier contracts and agreements.

Eprocurement 52

Eprocurement Bidding Strategic sourcing Strategic sourcing 52

Supply Chain Game Changer

MAY 12, 2021

You put time, energy, focus, and emotion into a negotiation, so naturally, you want to come out feeling as if you’ve done a good job, get a good price, or ‘won’. Dell’s attempts to lower costs, including bidding out the work three times during the eight-year relationship, ate into FedEx’s profits. Time, Money, or Things.

Negotiation 69

Negotiation Buyers Bidding Collaboration 69

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

Arkestro

FEBRUARY 6, 2024

More and more, procurement professionals everywhere are seeing the value of using a platform like Arkestro for sourcing and spot purchase events, making their procurement processes more competitive, and driving cost savings. You can unsubscribe at any time. The results were immediate. No spam, just relevant procurement news and tips.

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Procurement Competitive bidding Real-time Visibility Supply Chain Efficiency 52

Arkestro

JANUARY 9, 2024

According to Deloitte, the manufacturing industry was in contraction throughout most of 2023 due to challenges like increased lead times, tight labor markets, and rising costs. Federal and global regulations are forcing manufacturers to make fundamental changes in the way they source materials, use energy, and more. Reduce complexity.

supply chain budgeting 52

supply chain budgeting Supply chain resilience Procurement Supply Chain Optimization 52

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. Examples include SAP Ariba and Coupa.

Procurement 52

Procurement Supply Chain Efficiency Real-time Visibility Purchase orders 52

Zycus Cognitive Procurement

FEBRUARY 8, 2022

To enable procurement teams to be more strategic, firms must put AI at the center of their arsenal and use it to assist with forecasting demand trends, optimizing bids for estimated savings, calculating supplier scores based on negotiated contract terms, monitoring budget performance, and much more. 1 ) AI-Assisted Sourcing.

Procurement 40

Procurement Real-time Visibility Contract management Bidding 40

Bonfire

MARCH 29, 2022

Roundtable participants said under a certain threshold (around $100K for services and $25K for goods) their client departments have full discretion on how to source. If the amount is over the threshold, sourcing is led by the procurement team, whether through a public bid, NOI, or limited tendering option.

Procurement 52

Procurement Real-time Visibility Eprocurement Bidding 52

Supply Chain Game Changer

JANUARY 12, 2021

All of this, and more, has caused to me consider that this is a very important, very real, and very prevalent issue. Source: bestbusinesscircle.com. Similarly it can be difficult to get resources and the commitment to spend time and money on these initiatives. So let’s discuss Supply Chain scams and fraud.

Supply chain 57

Supply chain Real-time Visibility Supply Inventory 57

Procurement Software

AUGUST 20, 2024

The reality though is that many of them are spending a disproportionate amount of time on tactical work and firefighting day-to-day operational purchasing issues. Let’s be real. Spend classification , on the other hand, can directly drive strategic sourcing events and negotiations which deliver tangible savings.

Procurement 52

Procurement Real-time Visibility Budget Procurement team 52

The Thomas Blog

JUNE 22, 2022

Surveys have shown that the purchasing decisions of industrial buyers are most heavily influenced by detailed technical information about the products/services they are sourcing, which is why common content and pages that attract new customers are: Part-level specifications. The front lines of sourcing. Capabilities. Finance Managers.

Buyers 64

Buyers Real-time Visibility supply chain budgeting Supply Chain Efficiency 64

Pipefy

NOVEMBER 24, 2023

Procurement solutions encompass a wide range of specific functions due to the many aspects of the procurement process, including purchase requests centralization, procure-to-pay, sourcing, budget management, supplier management, and forecasting. Sourcing tools can help organizations choose vendors that deliver greater long-term value.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency e2e 52

Procurement Software

JULY 18, 2023

It’s not just about procure-to-pay (P2P) or source-to-contract (S2C applications). Source-to-Contract (S2C) 1. They provide a simple and intuitive procurement solution for source-to-contract (S2C) for small and medium-sized enterprises. eSourcing allows for sourcing planning by facilitating questionnaires and evaluations.

Purchasing 52

Purchasing Contract Negotiation Real-time Visibility 52

Claritum

MAY 2, 2019

If your procurement team is spending over half their time on transactional activity, what opportunities are they missing? The following are the traditional areas associated with Procuring (Source: CIPS). Source/examine supplier options *. Time that can be spent on exploring opportunities associated with our second list above.

Real-time Visibility 44

Real-time Visibility Procurement Purchase orders Eprocurement 44

Arkestro

AUGUST 1, 2022

For the longest time, the procurement scale has tipped in favor of the buyer. Some of these include annual pricing reductions, extended payment terms, and the lack of visibility and profit-sharing. Most enterprise resource planning (ERP), procure-to-pay (P2P), and source-to-pay (S2P) are cumbersome and time-consuming to use.

Supplier relationship management 52

Supplier relationship management Suppliers Management Buyers 52

Una

APRIL 23, 2024

Demand forecasting & inventory optimization Can we finally bid goodbye to overstocked warehouses and disappointed customers? Route optimization & logistics planning Cost savings, faster delivery times, and happier customers? Why Do We Need Supply Chain Visibility? Where do I sign?

Supply chain management 52

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

Procurement Software

MAY 28, 2024

We need to move with the times. While traditional metrics such as cost savings, procurement cycle time, and supplier lead times are vital, they don’t touch on the softer metrics of a successful procurement team. Despite these advantages, procurement teams often resist adopting e-auctions and e-sourcing tools.

Procurement 52

Procurement Category management Procurement team Real-time Visibility 52

Procurement Software

MARCH 11, 2022

Direct materials that go into the production process are strategically sourced. Below are 5 ideas of ways to extract real savings from your tail spend while improving your overall purchasing governance. Implement a competitive bidding policy. One time purchases (such as project spend) can take up a lot of procurement time.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

Direct materials that go into the production process are strategically sourced. Below are 5 ideas of ways to extract real savings from your tail spend while improving your overall purchasing governance. Implement a competitive bidding policy. One time purchases (such as project spend) can take up a lot of procurement time.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Pipefy

MAY 9, 2023

Effective modern procurement requires end-to-end process tracking to both view and control the costs, sourcing, quality, and delivery times associated with acquired goods and services. and allows you plenty of time to find replacement suppliers should the quality or lead times of existing ones diminish.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

Zycus Cognitive Procurement

NOVEMBER 29, 2022

In good times, operating leverage (ratio of fixed and variable costs) can supercharge profit growth. However, in times of growth, new costs and expenses also tend to creep in, and over time, these costs harden and morph into fixed cost structures. You may provide better demand visibility to the vendor partner.

Strategy 52

Strategy Real-time Visibility Contract e2e 52