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.

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Procurement Supply Chain Efficiency Real-time Visibility Purchase orders 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. It can also provide real-time data and analytics.

Supply Chain Efficiency 52

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

Finale Inventory

JULY 26, 2024

Key Challenges in Parts Inventory Management While efficient parts inventory management is essential, it comes with its challenges. This can make it challenging to keep track of stock levels and ensure that the right parts are available at the right place and time.

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Inventory Supply Chain Efficiency Strategy Management 52

Procurement Software

MARCH 11, 2022

Below are 5 ideas of ways to extract real savings from your tail spend while improving your overall purchasing governance. Of course, procurement software can help you to achieve all of these much faster. Forcing clunky software or even worse, an archaic ERP system, onto them isn’t going to make you many friends. Risk is zero.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

Below are 5 ideas of ways to extract real savings from your tail spend while improving your overall purchasing governance. Of course, procurement software can help you to achieve all of these much faster. Forcing clunky software or even worse, an archaic ERP system, onto them isn’t going to make you many friends. Risk is zero.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Pipefy

NOVEMBER 24, 2023

Many organizations have implemented software automation tools that allow them to get more done at a lower cost, but procurement is one area that has lagged behind in this trend. E-procurement software automates an organization’s entire procurement cycle and integrates it into other systems. What are e-procurement tools?

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Procurement Real-time Visibility Supply Chain Efficiency e2e 52

Claritum

MAY 11, 2018

Your business could struggle to achieve visibility of its global supply chain. Without good visibility, maximising the benefits from global sourcing is impossible, as it is impossible to track exactly how much is being spent. Do you have visibility of a global supply chain? Find out more.

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Global sourcing Sourcing Chief Procurement Officer Real-time Visibility 32

World of Procurement blog

MAY 8, 2024

Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. The procurement team manages the order, monitors quality, ensures on-time delivery, processes invoices, and handles any issues that arise during fulfillment. Stakeholders : Procurement involves multiple internal stakeholders across the organization.

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Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 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. Supplier KPIs Suppliers, by definition, comprise a crucial link in your supply chain. After all, your shortages are their problem, as well.

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Procurement Real-time Visibility supply chain budgeting Procurement team 52

HICX

DECEMBER 15, 2022

And yet, the process allowed this company to be picked because it didn’t provide visibility to the procurement people about that supplier’s poor track record in the past.” . I think that we’re actually experiencing, and we’ll continue experiencing, that accelerated pace of real transformation.”.

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Procurement supply chain software solutions Real-time Visibility Suppliers 52

Pipefy

JUNE 15, 2023

This is especially true for leaders and teams wanting to become much more agile and resilient in light of the challenges created following recent supply chain disruptions. Procurement software can help users achieve this goal by ensuring that contracts comply with the organization’s spending policies.

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Procurement supply chain software solutions Purchase orders Procurement solutions 52

Empowering CPO

MAY 4, 2023

By effectively managing the purchasing process, companies can better control their expenditures and optimize their supply chain, ensuring the availability of the right products and services at the right time. E-sourcing tools: Platforms that facilitate online bidding and negotiation, streamlining the supplier selection process.

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Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Arkestro

JULY 25, 2022

Typically under “S” you find pay equity, employee health and safety, company diversity, supply chain management, and social justice issues. A perfect real-world example is Tesla. This doesn’t mean having to throw away all the software, systems, and processes already in place. Create a reporting framework.

Data 52

Data Procurement Real-time Visibility Sustainability 52