Procurement Tactics

OCTOBER 16, 2022

The system gives the user accuracy, visibility, and control over whether the project can be profitable or not. Visibility of the workflow. Before the creation of ERP systems, the coordination of the involved parties in the project is time-consuming and takes a lot of effort. . CAD interface. Work cycle process. Scheduling.

Real-time Visibility 130

Real-time Visibility Budget Inventory control Data 130

Jaggaer

FEBRUARY 5, 2025

These four steps constitute the downstream procure-to-pay part of the process. Optimizing source-to-paythrough digital transformation streamlines every stage of your procurement strategy, improving visibility, efficiency, and collaboration. These begin with enhanced visibility.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

Una

OCTOBER 17, 2023

EPISODE 137 Using Visibility to Combat Supply Chain Abstraction with Frank Kenney By Kelly Barner | October 18, 2023 In the race to build global empires of data and digital systems, today’s businesses must not risk forgetting what all of those zeroes and ones mean.

supply chain budgeting 81

supply chain budgeting Real-time Visibility Supply Chain Efficiency Supply chain 81

Procurement Tactics

JUNE 8, 2023

Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2. Procurement Strategy Course Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Course Maintain profitability while moving toward sustainability 4.

supply chain software solutions 178

supply chain software solutions Warehouse operations Order Fulfillment Inventory 178

TYA Suite

OCTOBER 27, 2024

With automated systems, purchase orders can be generated based on predefined criteria, such as inventory levels or specific triggers, ensuring timely and accurate procurement. Real-time tracking and reporting capabilities allow organizations to monitor the status of purchase orders, deliveries, and payments.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

Procurement Tactics

MARCH 27, 2023

Supply chain forecasting refers to the process of predicting demand by looking at past and present information to help businesses make decisions about their plan, budget, and stock inventory. The integration of AI into forecasting improves accuracy, saves more money, and helps businesses react to exceptions in real-time.

supply chain budgeting 192

supply chain budgeting supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 192

Una

OCTOBER 25, 2022

Once the relevant information has been collected, you’ll be able to prioritize how best to direct your resources and time. It enables procurement teams to leverage economies of scale and improve the quality of products and services purchased. Accelerate your P2P cycle time with an automated system.

Supply Chain Efficiency 105

Supply Chain Efficiency Procurement Purchase orders Real-time Visibility 105

Procurement Templates

JUNE 18, 2023

ChatGPT Inflation refers to the general increase in prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. These indices track the average price changes of a basket of goods and services over time. Budgetary pressures: High inflation can disrupt budget planning and forecasting.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Spend Matters

MARCH 26, 2024

Employees may find themselves spending valuable time trying to decipher how to complete tasks within the system, detracting from their core responsibilities. From approval hierarchies to budget allocations, organizations have the flexibility to tailor the system to align with their existing processes.

Spend management 109

Spend management Management Real-time Visibility Innovation 109

TYA Suite

JANUARY 27, 2025

Cloud-based procurement software with community approvers enhances transparency by providing visibility into the entire approval chain. Stakeholders can track the progress of procurement requests in real-time, from submission to final approval.

Procurement 40

Procurement Real-time Visibility Collaboration Procurement solutions 40

Una

SEPTEMBER 22, 2022

It’s not a matter of if IT spend should be managed, but who should be the one managing such a significant portion of a company’s budget. It’s impossible to have the most current or newest application implemented at all times. Lack of visibility into spend and contract data also contribute to the difficulty of managing IT spend.

Procurement 98

Procurement Contract Real-time Visibility Purchasing 98

Procurement Software

APRIL 23, 2024

Located in Amsterdam, Netherlands, the company leverages advanced AI technologies to enhance procurement processes, focusing on efficiency and data visibility. What sets Mithra-AI apart is its real-time, continuous visibility of spend data, coupled with proactive alerts for opportunities and risks.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Supply Chain Efficiency supply chain budgeting 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. As we move into 2024, procurement teams continue to face hurdles like supply chain volatility, geopolitical tensions, budget restrictions, talent shortages, and more.

supply chain budgeting 52

supply chain budgeting Supply chain resilience Procurement Supply Chain Optimization 52

Empowering CPO

JUNE 26, 2023

Introduction In today’s dynamic business landscape, effective procurement strategies are crucial for organizations to achieve sustainable growth and maintain a competitive edge. Data-driven Decision Making In today’s data-driven world, the role of data in procurement has become increasingly significant.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Collaboration 40

Pipefy

NOVEMBER 24, 2023

According to Amazon’s 2024 State of Procurement report, 95% of decision makers believe that procurement has room for optimization. What are e-procurement tools? E-procurement software automates an organization’s entire procurement cycle and integrates it into other systems.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency e2e 52

Arkestro

MARCH 27, 2024

Regardless of industry, procurement buyers fulfill their role by finding the best suppliers, negotiating contracts, and identifying the most cost-effective, timely procurement of goods. The best procurement buyers have a solid understanding of market trends, supplier performance, and ethical sourcing.

Buyers 52

Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

Arkestro

FEBRUARY 15, 2023

Luckily, Artificial Intelligence (AI) solutions can help make automotive purchasing more reliable, by: Streamlining purchase orders Decreasing the oversight and time spent in workflows to manually review and verify mundane details in purchase orders and verify their accuracy.

Purchasing 52

Purchasing Purchase orders supply chain software solutions supply chain budgeting 52

Una

APRIL 9, 2024

It might not seem like much but at the time, that meant more wiggle room in our household budget as a young family. Not to be dramatic, but that amount of money added back into your budget has the potential to literally transform your business. What would an extra 18-22% added back into your budget mean for your business?

Purchasing 52

Purchasing supply chain budgeting Real-time Visibility Supply Chain Optimization 52

Finale Inventory

JULY 24, 2024

This technology offers real-time visibility and can track multiple items simultaneously, making it ideal for large-scale inventory management. By implementing an effective inventory management system, businesses can ensure optimal inventory levels, timely order fulfillment, and accurate stock tracking.

Inventory 52

Inventory Management Order Fulfillment Real-time Visibility 52

Empowering CPO

JUNE 25, 2023

In the context of procurement, spend analysis is like a compass—it helps businesses navigate the complex terrain of their spending habits. In essence, spend analysis turns data into actionable insights, enabling businesses to make procurement a strategic, value-adding function.

Procurement 52

Procurement supply chain budgeting Real-time Visibility Supply Chain Efficiency 52

World of Procurement blog

MAY 8, 2024

The procurement team manages the order, monitors quality, ensures on-time delivery, processes invoices, and handles any issues that arise during fulfillment. How can procurement help achieve those aims through better supplier relationships and spending optimization? needed to deliver on the KPIs.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Pipefy

MAY 9, 2023

Monitoring procurement KPIs is a vital part of keeping track of an organization’s overall health and the smaller endeavors that contribute to that. 22 KPIs every procurement team should track As procurement has evolved so has the work of procurement teams, and especially so in recent years.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

Procurement Software

JUNE 4, 2024

What we are seeing is a divergence of specialist, best-of-breed technology focusing on procurement for manufacturing companies. This exciting trend persuaded us that it’s about time we featured an article on these procurement tools specifically. This unique feature helps procurement teams to operate more proactively.

Supply Chain Efficiency 52

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

Finale Inventory

AUGUST 30, 2024

Technologies such as Building Information Modeling (BIM), the Internet of Things (IoT), and Artificial Intelligence (AI) help construction firms streamline workflows, increase productivity, and complete projects on schedule and within budget. This technology will save time and money and ensure flawless project execution.

supply chain software solutions 52

supply chain software solutions Project management Real-time Visibility Inventory 52

Procurement Software

MARCH 11, 2022

Even if budgets have been set, there is very little control that a CFO or a procurement team can yield. 5 effective tail spend management strategies and how procurement technology can help. Below are 5 ideas of ways to extract real savings from your tail spend while improving your overall purchasing governance.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

Even if budgets have been set, there is very little control that a CFO or a procurement team can yield. 5 effective tail spend management strategies and how procurement technology can help. Below are 5 ideas of ways to extract real savings from your tail spend while improving your overall purchasing governance.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Empowering CPO

JUNE 25, 2023

Spend Analysis is a process where procurement data from various sources are collected, cleansed, categorized, and analyzed. Its purpose is to increase visibility of procurement spend, identify savings opportunities, improve operational efficiency, and monitor supplier performance.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Real-time Visibility Data 52

Empowering CPO

JUNE 20, 2023

Definition of Tail Spend and Its Importance in Procurement Tail spend, or non-strategic spend, typically refers to the approximately 20% of a company’s purchases that account for about 80% of its suppliers. It can also provide valuable insights for budget planning and financial forecasting.

Real-time Visibility 40

Real-time Visibility supply chain budgeting Spend management Risk 40

Procurement Software

APRIL 25, 2023

As a function, Procurement is often underestimated or misunderstood by CEOs. Indeed, in the current inflationary environment, it’s procurement that has real power to move both the top and bottom line. Therefore, now is the time for all businesses to embrace the benefits of digital procurement software.

supply chain software solutions 52

supply chain software solutions Procurement Real-time Visibility supply chain budgeting 52

Empowering CPO

JUNE 27, 2023

It involves collecting, categorizing, and analyzing procurement data from various sources such as purchase orders, invoices, and contracts. It enables organizations to identify potential savings, negotiate better pricing, and implement cost-effective procurement strategies.

Supplier relationship management 52

Supplier relationship management Suppliers Management Negotiation 52

Planergy

JANUARY 19, 2023

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Practical Applications of Pareto Analysis Tips for Conducting a Successful Analysis How Pareto Analysis Helps Your Procurement Strategy?

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

TYA Suite

SEPTEMBER 25, 2024

Additionally, assess your suppliers’ financial stability, track their performance over time, and maintain open communication to identify potential risks early. Use tools such as risk matrices and dashboards to visualize and track these risks over time. Leveraging technology can enhance the effectiveness of procurement risk management.

Risk 40

Risk Strategy Procurement Supply Chain Efficiency 40

Empowering CPO

JUNE 16, 2023

Enhance Compliance: Spend Analysis helps ensure adherence to procurement policies and regulatory requirements, reducing the risk of non-compliance penalties. Forecasting and Budgeting: By understanding historical spend patterns, organizations can forecast future spending trends and create more accurate budgets.

Procurement 40

Procurement Data Real-time Visibility Suppliers 40

Empowering CPO

JUNE 21, 2023

It provides visibility into supplier performance and compliance, thereby mitigating risk. Let’s illustrate this with a real-life example. A multinational manufacturing company was grappling with escalating procurement costs and a supplier base that had become unmanageable due to years of uncoordinated purchasing decisions.

Procurement 40

Procurement Data Sustainability Negotiation 40

Supply Chain Game Changer

JULY 14, 2021

Procurement and Sustainability are two disciplines and business functions that exist in a perfectly harmonious contradiction. Procurement is fundamentally centered around the act of acquisition and/or buying. High-performing Procurement teams embrace Sustainability! The Yin and Yang. Sustainability is so much more.

Sustainability 98

Sustainability Procurement supply chain budgeting Agile and Lean Supply Chain 98

Jaggaer

MARCH 6, 2025

Modern procurement technology will enable public sector entities to secure maximum benefits by simplifying compliance and freeing procurement professionals to focus on strategic initiatives. Spend Analysis: Offering detailed visibility into spending patterns, enabling cost optimization.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement supply chain budgeting Sustainability 52