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 103

Price Negotiation supply chain software solutions Supply Chain Optimization 103

Procurement Tactics

OCTOBER 18, 2022

Additionally, it allows managers to build better relationships with suppliers based on the importance of each supplier. . SRM is usually used by many supply chain professionals who constantly deal with suppliers in areas such as procurement, project management, and operations. .

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. This blog aims to empower procurement professionals by shedding light on how each report contributes to enhanced transparency, accountability, and efficiency within the procurement function.

Supply Chain Efficiency 21

Supply Chain Efficiency Purchase orders Procurement Bidding 21

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

TYA Suite

OCTOBER 27, 2024

It encompasses a range of features aimed at managing the acquisition of goods and services efficiently. This software helps organizations manage supplier interactions, streamline procurement workflows, and ensure compliance with company policies and regulations. is a comprehensive solution designed to automate and optimize the.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

Value Match

JUNE 13, 2022

Bid Management. Location of your Suppliers & their Supply Chain. Do you know the critical locations and associated risk of your supply chain?? Have you ranked your suppliers and do you relevant strategies depending upon their risk and importance? Categories. Best Practice Guides.

Risk management 52

Risk management Supply Chain Efficiency Risk Supply chain 52

Jaggaer

FEBRUARY 13, 2025

Compliance with national and international regulations is of course a pressing concern to avoid fines, disruptions to operations and reputational risk. These include risk management and resilience in a volatile world. Companies want to avoid or mitigate disruptions to the supply chain and manage stranded assets.

Leadership 52

Leadership Procurement Supply Chain Efficiency Sustainability 52

Planergy

FEBRUARY 24, 2025

Download Free Copy Ultimate Guide to Procurement in Education: Tips for Schools & Academies Category Spend Management Written by Keith Murphy 16 min read Tags Education Procurement Last edited February 24, 2025 Download PDF IN THIS ARTICLE What is Procurement in Education? Who Benefits from Efficient Procurement?

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

Procurement Templates

MARCH 3, 2024

This assessment aims to identify what the organization needs to procure to fulfill its objectives effectively and efficiently. Risk Assessment : Identifying potential risks associated with procurement activities is essential for effective planning and mitigation.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Procurement Templates

NOVEMBER 11, 2022

In-Scope Organisations should ensure that any apprenticeship and/or skills commitments contained in the bid, for example, the number of new apprenticeships the bidder commits to creating in performance of the contract, are subsequently included in contracts. • This is consistent with the principles of the Green Book. Where appropriate (e.g.

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

Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. 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.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

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

World of Procurement blog

APRIL 23, 2024

Procurement plays a critical role in the operational efficiency and financial health of an organization. Implement Strategic Sourcing Strategic sourcing involves a methodical approach to finding, selecting, and managing suppliers. A proactive approach to risk management can safeguard against unexpected challenges.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement supply chain budgeting 52

World of Procurement blog

APRIL 23, 2024

Procurement plays a critical role in the operational efficiency and financial health of an organization. Implement Strategic Sourcing Strategic sourcing involves a methodical approach to finding, selecting, and managing suppliers. A proactive approach to risk management can safeguard against unexpected challenges.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement supply chain budgeting 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. 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

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

Jaggaer

OCTOBER 24, 2024

Supplier collaboration serves as the foundation for supply continuity, agility, risk management, and resilience when disruptions occur. 2: Invest in Relationship Management Supplier relationship management (SRM) can foster a culture of transparency between businesses and their suppliers.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Agile and Lean Supply Chain 52

World of Procurement blog

MAY 8, 2024

Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Procurement is strategically important because it: Drives significant cost savings through economies of scale, supplier negotiations, and process efficiencies.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Software

MARCH 11, 2022

Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. 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.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

Supply Chain Game Changer

NOVEMBER 23, 2018

Growing global complexity in supply chain management has forced organizations to look towards technology as their silver bullet; serving as the missing link between people (supply chain actors) and the ability to collaborate at scale. Check out What Exactly is Blockchain? And How Does it Work? Infographic).

Supply Chain Efficiency 50

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 50

Spend Matters

JUNE 21, 2023

Read our previous coverage here: Carbon Management (Part 1): TechMatch launch, participating vendors and overall results Carbon Management (Part 2): Overview of solutions and strengths/weaknesses But, before going into the details of the update, let’s look at the current state of Carbon Management in procurement and supply chain management.

Management 75

Management Supply Chain Efficiency Data Supply chain 75

Supply Chain Game Changer

NOVEMBER 22, 2018

Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? Some of the first-hand areas from small to large organizations have been: An $8 billion global company has been placing all items for bid each year to realize cost savings. Landgraf, CEO at Above the Standard ( [link] ). Another $1.5

supply chain budgeting 63

supply chain budgeting Procurement Supply Chain Efficiency supply chain software solutions 63

The Good Spending

AUGUST 23, 2022

It assumes that the winning bid includes solid commercials and non-material benefits, e.g., improvements in end-user experience. Value as the downstream effect of procurement In this post, we explained the differences between the efficiency and effectiveness of public procurement. Such an approach may be accused of subjectivity.

Procurement 98

Procurement supply chain budgeting Supply Chain Optimization Budget 98

Una

NOVEMBER 29, 2023

But with the elves’ help, Santa is able to put his freed-up time to valuable use, with activities such as mapping out the most fuel-efficient route around the globe, analyzing the data on his naughty and nice lists, and spending some quality time with Mrs Claus. Things you can do while a GPO works behind the scenes And what about you?

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supplier relationship management Strategic sourcing 52

Procurement Software

JULY 4, 2023

It aims to make the procurement process more efficient, transparent, and cost-effective. Ultimately, digital procurement enables organisations to enhance the overall procurement experience, as well as increase efficiencies and transform their end-to-end procurement function. What is procurement tech?

Supply Chain Efficiency 52

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

Zycus Cognitive Procurement

JANUARY 12, 2021

Supply chains were severely disrupted on a global scale as countries closed their borders. 3] Astute Contract Risk Management. Contract management plays an essential role in maintaining an effective and competitive supply chain. As linear supply chains evolve into interconnected DSNs, A.I.

Contract 52

Contract Sourcing Chief Procurement Officer Contract management 52

Arkestro

SEPTEMBER 19, 2023

Couple these with a broader climate of economic volatility and talent scarcity, and CPOs and heads of Manufacturing and Supply Chains have their work cut out for them. Generative AI through autonomous sourcing will focus on risk management, process automation and decision making.

Sourcing 52

Sourcing supply chain budgeting Procurement Bidding 52

Arkestro

OCTOBER 3, 2024

Such programs add more reporting requirements, costs on imported parts, and other considerations to an already complex supply chain. It’s anything but easy to manage. Overall, procurement has seen more requirements around tracking raw materials and origin throughout the supply chain.

Procurement 52

Procurement Procurement team Supply Chain Efficiency supply chain budgeting 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. This is important for a number of reasons including accounting accuracy, replenishment efficiency, and others. What is risk management? The Supply Chain Game Changer Job Board!

Procurement 68

Procurement Purchasing Negotiation supply chain software solutions 68

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. Organizations are now expected to not only manage cost but also to ensure supply chain resilience, mitigate risks, and contribute to strategic objectives.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Empowering CPO

MAY 4, 2023

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. Improved data accuracy: Digital systems reduce the risk of human errors, ensuring accurate data for better decision-making.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

TYA Suite

NOVEMBER 25, 2024

Strategic-sourcing uses this data to make smarter choices that improve cost efficiency. This approach can lead to poor choices that may impact product quality and supply chain stability. Strategic sourcing actively incorporates risk management into the. What Is the main focus of strategic sourcing?

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 40

Una

SEPTEMBER 21, 2023

These actions typically involve negotiating better deals with suppliers , optimizing procurement processes, and finding cost-efficient alternatives for goods and services. Here are some cost-saving levers you can pull: Negotiation and supplier management Negotiation skills are at the heart of cost savings.

Competitive bidding 52

Competitive bidding Ethics Supply Chain Optimization Strategy 52

Claritum

NOVEMBER 16, 2018

With Procurement behind the drive for sustainable/ethical supply of goods and services to efficiently and effectively support the operations of the organisation. Within this environment, the Procurement has to remain focused on maximising financial results associated with the supply and use of goods and services.

Procurement 69

Procurement Procurement team Supply Chain Efficiency Purchasing 69

Empowering CPO

JUNE 22, 2023

Supplier diversity ensures a broad spectrum of suppliers, which includes businesses owned by minorities, women, veterans, and others, get a fair chance to bid for and secure contracts. This empowers them to make data-driven decisions that not only enhance efficiency and reduce costs but also foster a diverse and inclusive supplier base.

Suppliers 52

Suppliers Supply Chain Efficiency supply chain budgeting Data 52