EazyStock

AUGUST 28, 2023

Like many businesses, they were grappling with manual inventory processes, which they knew weren’t sustainable. The game-changer: Intelligent inventory solutions Enter the game-changer – cutting-edge data-led inventory management system, EazyStock.

Real-time Visibility 52

Real-time Visibility Inventory Data Management 52

Planergy

FEBRUARY 24, 2025

While less visible, these procurement areas are crucial for maintaining a functional educational environment. Sustainable Procurement Increasingly important in modern education, sustainable procurement prioritizes environmentally friendly and socially responsible purchasing decisions. Book a Live Demo 2.

Procurement 52

Procurement supply chain budgeting Supply Chain Efficiency Budget 52

Supply Chain Collaborator

AUGUST 2, 2019

When broader market rates for truckload freight change significantly, shippers can find themselves paying prices for shipments well outside of what current market rates should dictate. This is particularly true when market rates fall after a period of sustained high pricing.

Strategy 69

Strategy Real-time Visibility Contract Bidding 69

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. Policy-Driven Sustainability Sustainable, environmentally friendly procurement practices are no longer nice to have — they’re a business necessity.

supply chain budgeting 52

supply chain budgeting Supply chain resilience Procurement Supply Chain Optimization 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

Bonfire

MARCH 29, 2022

If the amount is over the threshold, sourcing is led by the procurement team, whether through a public bid, NOI, or limited tendering option. Inflation is a real concern for public sector budgets today. Vendors can see each other’s pricing (usually in real time) and try to beat those bids by going lower.

Procurement 52

Procurement Real-time Visibility Eprocurement Bidding 52

World of Procurement blog

APRIL 23, 2024

Sourcing Software: Helps companies find and acquire goods and services by managing RFQs (Request for Quotations) and bidding processes. Businesses leverage procurement technology for: Automating Manual Processes: From issuing purchase orders to processing invoices, automation reduces errors and saves time.

Procurement 52

Procurement Supply Chain Efficiency Real-time Visibility Purchase orders 52

World of Procurement blog

MAY 8, 2024

Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. Enables adherence to policies and regulations through ethical, sustainable, and compliant practices. What are the company's goals for growth, cost reduction, sustainability, innovation etc? Purchasing interacts mainly with suppliers.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Arkestro

JULY 25, 2022

ESG (Environmental, Social, and Governance) is an investment and corporate philosophy built around sustainability and social responsibility. A perfect real-world example is Tesla. Set target goals to show improvement over time. Arkestro is able to include ESG factors like supplier diversity as part of the bidding process.

Data 52

Data Procurement Real-time Visibility Sustainability 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. Greater transparency: Real-time tracking of procurement activities allows for better monitoring and control of the entire process.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Empowering CPO

JUNE 14, 2023

At its core, procurement is the process of finding, agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. These models are often accompanied by practices such as annual rate contracts, bulk buying, and just-in-time purchasing.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

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

TYA Suite

JULY 17, 2024

RFQ) is a formal process used by organizations to solicit bids from suppliers for specific goods or services. By automating these tasks, procurement teams can focus their efforts on strategic activities, leading to increased productivity and faster turnaround times for procurement projects. What is Request for Quotation (RFQ)?

Real-time Visibility 40

Real-time Visibility Quantity Price Negotiation 40

Empowering CPO

JULY 5, 2023

Procurement, which refers to the process of finding, acquiring, and buying goods, services, or works from an external source, often via a tendering or competitive bidding process, plays a critical role in determining a company’s efficiency and profitability. Are there opportunities for sustainability initiatives?

Management 52

Management Procurement Real-time Visibility Ethics 52

Procurement Software

JULY 18, 2023

It gives you full visibility of your spend data, all in one place. It also includes automated bidding and analysis, allowing you to create templates and sequences, invite vendors automatically, then follow up and analyse their bids. New modules are being developed all the time as part of WeProc’s continuous development.

Purchasing 52

Purchasing Contract Negotiation Real-time Visibility 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. Reduces the time spent on day-to-day contract workflow administration for the approval and signature process.

Procurement 52

Procurement Category management Procurement team Real-time Visibility 52

Pipefy

JUNE 15, 2023

With access to end-to-end data, teams have better access and control over company spending to reduce costs, improve vendor selection and negotiations, and sustain effective regulatory compliance. Payment is typically based on factors like usage time, data stored, number of users, and number of transactions processed.

Procurement 52

Procurement supply chain software solutions Purchase orders Procurement solutions 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 ThroughPut.ai

Supply Chain Efficiency 52

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

Supply Chain Collaborator

AUGUST 3, 2018

But, the additional burden of tariffs, rising fuel costs, unprecedented capacity constraints and other factors make the current transportation environment hard to sustain. The current glut in the almond market and its depressive effect on prices would have been painful enough for almond growers to endure.

Dwell Time 87

Dwell Time Real-time Visibility Competitive bidding Bidding 87