TYA Suite

OCTOBER 27, 2024

Using a procurement management system is one practical strategy to strengthen these connections. This comprehensive guide explores what procurement management software is, its key features, its role in vendor relations, its integration with business processes, and the benefits it offers.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

Procurement Insights

JANUARY 3, 2025

Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

Procurement Tactics

JUNE 28, 2023

By the end of this article, you will have an idea of the importance of procurement tracking in your business and which procurement tracking software you would want to utilize. Procurement Tracking is the process of monitoring and managing procurement activities. What is Procurement Tracking?

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Spend Matters

MARCH 11, 2025

While the imposition of import/export tariffs on goods is nothing new, the recent spate of quid pro quo mandates is increasing complexity and uncertainty for organizations trying to navigate their impact on supply chains. This consolidation aimed to make supply chains more resilient.

Supply Chain Optimization 79

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 79

SCMDOJO

JANUARY 19, 2025

We conclude that different types of loans may help e-commerce supply chains. You benefit from them because your business receives help for managing peak seasons and overcoming competition for the top e-commerce positions. Source: [link] Well, it faces a few challenges: Management. in CAGR by 2030.

supply chain software solutions 52

supply chain software solutions Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 52

Procurement Tactics

MAY 30, 2023

Procurement managers are professionals who have a crucial role in the success of an organization. They are responsible for managing the procurement activities of the organization and play a critical role in the supply chain. Also, procurement managers build and maintain relationships with suppliers.

Management 178

Management supply chain budgeting Procurement Negotiation 178

Planergy

MARCH 19, 2025

Modern Spend Management and Accounts Payable software. Managing these suppliers isnt just about making purchases; it ensures smooth operations, cost savings, and quality education. However, budget restrictions and transparency requirements present challenges. What is Supplier Management? What's PLANERGY?

Suppliers 52

Suppliers Management supply chain budgeting Supply Chain Efficiency 52

Procurement Templates

JUNE 18, 2023

Strategic sourcing: Adopting strategic sourcing practices enables procurement to analyze the entire supply chain and identify cost drivers. Supplier collaboration: Engage in collaborative discussions with suppliers to explore ways to manage and mitigate inflationary pressures together.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Spend Matters

FEBRUARY 5, 2025

While technology is at the heart of this shift, jumping on the digital bandwagon isnt always as simple as plugging in some shiny new software. Change management isnt a sidekick in this story; its the star of the show. Driving change with effective change management strategies You dont need a digital strategy.

Procurement 112

Procurement Change management Strategy supply chain budgeting 112

Planergy

FEBRUARY 24, 2025

Modern Spend Management and Accounts Payable software. Think classroom supplies, laboratory equipment, educational software, and learning resources. This involves consulting educators, administrators, and department heads to identify specific needs, performance expectations, and budget constraints. What's PLANERGY?

Procurement 52

Procurement supply chain budgeting Supply Chain Efficiency Budget 52

IBM Supply Chain Blog

JUNE 10, 2024

In this blog, we’ll explore how businesses can use both on-premises and cloud XaaS to control budgets in the age of AI, driving financial sustainability without compromising on technological advancement. Embracing a culture of experimentation helps businesses drive innovation while minimizing financial risk.

Budget 62

Budget Innovation Sustainability Demand 62

Procurement Software

APRIL 23, 2024

Spend analytics software would be the first tech investment I’d make in a greenfield Head of Procurement role. To do this quickly and efficiently, spend analytics software is your best friend. This usually justifies the business case to invest in spend analytics software to categorise this quickly and more easily.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Supply Chain Efficiency supply chain budgeting 52

Jaggaer

FEBRUARY 20, 2025

But before this can happen someone has to identify suitable vendors to secure goods and services at the best value (not necessarily the lowest price) within a variety of constraints (risk management, ESG and regulatory factors etc.). Supply chain collaboration: You identified key suppliers in the strategic sourcing activities.

Sourcing 52

Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

SCMDOJO

APRIL 26, 2023

Category Management as a Strategic Procurement Function Relationship Between Category Management and Strategic Supplier Relationship Management Importance and Benefits of Category Management Best Practices What are the Challenges of Category Management implementation?

Category management 108

Category management Management Supplier relationship management supply chain software solutions 108

Supply Chain Game Changer

FEBRUARY 4, 2020

Subscribe to Supply Chain Game Changer. Quantum Leap to the Top 10 Supply Chain Skills of the Future! The phrase “Supply Chain Management” was originally coined by Keith Oliver in 1982 and subsequently gained increasing popularity as its usage was proliferated in books and language.

supply chain budgeting 67

supply chain budgeting supply chain software solutions Supply Chain Efficiency Supply chain 67

Procurement Software

JUNE 13, 2023

There doesn’t seem to be a month go by without a new solution coming onto the market offering eSourcing software as part of their offering. Knowing which solution is suited to your business and level of procurement maturity is a minefield. Which eSourcing solutions are best suited to mid-market businesses?

supply chain software solutions 52

supply chain software solutions Contract management Contract Sourcing 52

Supply Chain Game Changer

OCTOBER 28, 2021

Subscribe to Supply Chain Game Changer. Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. Poor Data Quality, Scattered Tech Landscapes, Lacking Leadership Approval/Budgets. Subscribe Here!

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

Spend Matters

JANUARY 5, 2024

Its approach uses an all-in-one spend platform that combines expense management, corporate cards, travel and business accounts. Gatekeeper combines contract lifecycle management with third-party risk management, two areas that are related but usually addressed with disparate software tools.

e2e 103

e2e Procurement supply chain software solutions Contract 103

NLPA (Next Level Purchasing Association)

SEPTEMBER 11, 2024

With AI’s lightning-speed evolution, supply chain attacks are expected to become even more sophisticated and harder to detect, putting procurement and logistics professionals on high alert. These attacks will target vulnerabilities within supplier networks, compromising software, hardware, and third-party vendors.

supply chain software solutions 52

supply chain software solutions supply chain budgeting Supply chain Procurement 52

TYA Suite

JANUARY 27, 2025

This comprehensive solution streamlines procurement activities, improves and provides transparency across the entire supply chain. Understanding Procurement Management in Real Estate Procurement in real estate involves acquiring goods, services, and works necessary for the development and maintenance of properties.

Real-time Visibility 40

Real-time Visibility Management Procurement supply chain budgeting 40

Spend Matters

JULY 27, 2023

We recommend considering a few things to gauge your maturity levels such as the company’s goals, current procurement process, budget and resources, risk tolerances, etc. Track and manage risk Supplier onboarding can potentially introduce significant risk to a business.

Suppliers 98

Suppliers Supply Chain Efficiency Risk management Procurement team 98

The Procuretech Podcast

MARCH 12, 2024

In this episode of The Procurement Software Podcast, host James Meads announces the rebranding of the podcast and explains the reasons behind it. 00:15:21] Best of breed solutions. [00:19:19] 00:23:15] Supply chain disruption and risk. [00:27:30-00:27:40] Timestamps: [00:01:10] Rebranding the podcast. [00:05:13]

supply chain budgeting 40

supply chain budgeting Budget supply chain software solutions Procurement 40

IBM Supply Chain Blog

JUNE 29, 2023

Integrated planning incorporates supply chain planning, demand planning, and demand forecasts so the company can quickly assess the impact on inventory levels, supply chain logistics, production plans, and customer service capacity.

supply chain software solutions 76

supply chain software solutions Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization 76

Procurement Software

MARCH 11, 2022

Sustainability initiatives within the supply chain. Third party risk management. Contract lifecycle management. It’s therefore a fair assumption that if you remove these non-value added tasks, you will allow the Procurement Manager to deliver a third more value to the business. Supplier innovation.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Planergy

JANUARY 26, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The best way to minimize disruption is to identify the various supplier risks and create a plan of action for what to do if the risk becomes a reality. This can also include economic instability.

Risk 52

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

Procurement Software

MARCH 11, 2022

Why is spend analytics software so important? Anyhow, in this article, we’re going to take a look at: How to get a reliable spend analysis without the help of specialised spend analytics software. Some of the advantages that procurement analytics software can provide. Who will be the main users of the software?

supply chain software solutions 52

supply chain software solutions Real-time Visibility Category management Data 52

Procurement Software

MARCH 11, 2022

Why is spend analytics software so important? Anyhow, in this article, we’re going to take a look at: How to get a reliable spend analysis without the help of specialised spend analytics software. Some of the advantages that procurement analytics software can provide. Who will be the main users of the software?

supply chain software solutions 52

supply chain software solutions Real-time Visibility Category management Data 52

Positive Purchasing

NOVEMBER 1, 2023

I’m looking at an eSourcing platform augmented by a selection of cloud-based solutions. I have a healthy budget, but am struggling to find the right fit – what would you say to me? In the example of the CPO seeking a more sophisticated solution, I would ask: What are you trying to fix?

Procurement 111

Procurement supply chain budgeting Category management Budget 111

The Good Spending

AUGUST 23, 2022

The fight for discounts will lead to applying either of three project management levers - Time, Budget, or Scope - and the inevitable quality deterioration. It is difficult to foresee the value of such an increase, so it's randomly being budgeted. If you managed to fully or partially waive it, then it's cost avoidance.

Procurement 98

Procurement supply chain budgeting Supply Chain Optimization Budget 98

Zycus Cognitive Procurement

SEPTEMBER 15, 2022

As per a recent survey , 40% of board directors have moved digital business-related budgets from central technology and IT budgets to business functions. Accordingly, the time is right for procurement to take centre stage and create benchmark KPIs to ensure sustainability in global supply chains. Risk management.

supply chain budgeting 52

supply chain budgeting Procurement supply chain software solutions Agile and Lean Supply Chain 52

Supply Chain Opz

JULY 31, 2012

From practitioners perspective , spend analysis usually involves a black box method, an expensive software system and its the thing for multinational corporations. Air Force decided to implement a spend analysis program due to a budget cut. Data classification seems to be the heart of any spend analysis software. Background.

supply chain software solutions 40

supply chain software solutions supply chain budgeting Supply chain management Supply chain management 40

ivalua

APRIL 28, 2023

Each card has a predetermined budget, card number, and CVV and are used for business expenses where a supplier relationship or account doesn’t need to be established. With terms up to 30 days or more, companies can reap the benefit of fast payment without sacrificing budgetary flexibility. What is a Purchase Card (P-card)?

Innovation 130

Innovation Purchasing supply chain budgeting Contract 130

Procurement Software

APRIL 2, 2024

But often, those who aren’t familiar with the procurement software market mistakenly overestimate the cost. You don’t need a 6-figure software budget or a large sum to hire consultants for implementation. There’s plenty of digital procurement solutions out there for every budget. Let’s dive in.

supply chain budgeting 52

supply chain budgeting supply chain software solutions Procurement Budget 52

Spend Matters

MARCH 11, 2024

Tech newcomers to PSI and Spend Matters FISCAL We met David Griffiths, CEO of FISCAL , a P2P risk management solution offering fraud forensics and SaaS risk software. Procurement was expected to generate one-third of the expected business value; transforming procurement and supply chain was key.

Procurement strategies 111

Procurement strategies Innovation Strategy Procurement 111

Arkestro

APRIL 25, 2023

In fact, 71% of all companies said the cost of raw materials is the biggest threat to their supply chain in 2023. Construction companies are also up against hurdles in the procurement process, working around unique requirements, cost and budget constraints, tight turnarounds, and more. from February 2020 to August 2022.

Supply Chain Efficiency 52

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

Skill Dynamics

JULY 19, 2024

The Foundation of a Successful Procurement Strategy To put it simply, a procurement strategy is a plan that outlines how an organization optimizes its external spending, manages its various supplier relationships, and maintains streamlined internal processes to support cost-effectiveness and generate efficiency.

Procurement strategies 90

Procurement strategies Strategy Procurement supply chain budgeting 90

Procurement Software

MARCH 11, 2022

Sustainability initiatives within the supply chain. Third party risk management. Contract lifecycle management. It’s therefore a fair assumption that if you remove these non-value added tasks, you will allow the Procurement Manager to deliver a third more value to the business. Supplier innovation.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52