The Good Spending

JUNE 15, 2022

New Tasks The first-time buyer seeks a wide variety of information to explore alternative purchasing solutions to their organizational task. Modified Rebuy A buyer wants to replace or amend a product used in the organization. Straight Rebuy The buyer routinely reorders a product with no modifications.

supply chain budgeting 52

supply chain budgeting Buyers Agile and Lean Supply Chain Supply Chain Optimization 52

Procurement Insights

AUGUST 14, 2024

Recent Buyers: The situation is more precarious for those who have recently committed to these solutions. While these moves might make sense from a financial standpoint, they often lead to a period of turmoil for the customers who rely on these solutions to run their businesses.

Procurement 98

Procurement Vendor relationships Innovation Leadership 98

The Good Spending

DECEMBER 13, 2021

Thirdly, the procure-to-pay cycle is long and complex. Therefore, the marketing efforts of a buyer don't receive an immediate response from a seller. Lastly, B2B buyers are increasingly reluctant to procure individual commodities. B2B buyers deserve B2C experience. B2B buying not only means leveraging high volumes.

Buyers 52

Buyers Quantity Procurement Contract 52

Claritum

OCTOBER 12, 2018

Procurement needs to transform and continue to transform to align to the business. Procurement has to move away from a transaction based function and become an advisory resource. The Category Manager needs to become more integrated into key business processes and more consultative in nature. 1 Introduction.

Procurement 47

Procurement Eprocurement Category management Purchasing 47

Pipefy

FEBRUARY 13, 2023

The cycle of S2P processes varies slightly depending on the business, procurement category, or industry, but they typically contain these 10 key steps: 1. They also make it easy for buyers to compare suppliers and negotiate.

Sourcing 52

Sourcing e2e Purchase orders Bidding 52

HICX

DECEMBER 15, 2022

David is a procurement practitioner who has spent nearly twenty years working in a number of organizations both in the public and private sectors. After gaining experience, David went on to establish his own business, Procurated , which connects public sector buyers with peer-reviewed suppliers.

Procurement 52

Procurement supply chain software solutions Real-time Visibility Suppliers 52

The Good Spending

JANUARY 13, 2024

Recently, we wrote about the information asymmetry in SaaS negotiations : buyers tend to limit their spending on SaaS due to the need for more knowledge of its fair market price. 100-million-dollar waste. Still, the SaaS industry is booming and is expected to reach 1 Trillion USD in the early 2030th.

Contract management 59

Contract management Negotiation Contract Demand 59

Arkestro

NOVEMBER 7, 2023

With such strides in manufacturing on the horizon, questions about how businesses’ procurement processes can keep up are naturally following, especially from corporate leadership teams. Inextricably linked to these questions about procurement are questions about the supply chain.

Procurement 52

Procurement Supply Chain Efficiency Innovation Procurement team 52

Zycus Cognitive Procurement

DECEMBER 15, 2022

Improving Supply Chain Sustainability : According to Amazon’s State of Business Procurement – 63% of B2B buyers mention improving sustainability in purchasing practices as the top goal.

Supply chain management 52

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 52

SCMDOJO

SEPTEMBER 18, 2023

It is a fundamental activity within procurement, emphasizing the exchange of value between the buyer and the seller. Procuring: Procuring involves the entire process of obtaining goods, services, or works from external sources. What is procurement in business?

Procurement 105

Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 105

Pipefy

MAY 23, 2023

Supplier relationship management Tension is never pleasant, but only those procurement professionals who pinpoint lacking supplier relationships can evaluate and rectify the situation. Any person within a business can be added to any workflow phase, so all stakeholders know exactly where a document or project stands in real-time.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

Procurify

MAY 12, 2022

In a business, purchasing is the act of acquiring a good or service and typically involves the immediate day-to-day transactions between sellers and buyers. . This often includes how a procurement manager goes about ordering and paying for something. Why is procurement important in business? Before we begin.

Purchasing 52

Purchasing Procurement Purchase orders Cost of ownership 52

Pipefy

FEBRUARY 3, 2023

Invoice management made better with Pipefy According to Amazon Business’ 2022 State of Business Procurement Report , 55% of B2B buyers plan to invest in procurement technology over the next five years to digitalize invoices and move away from manual invoice processing.

e2e 59

e2e Management Purchase orders Real-time Visibility 59

Finale Inventory

JUNE 24, 2024

This social proof not only builds trust with potential buyers but also provides valuable insights for other customers, aiding them in their decision-making process. By offering a wealth of detailed product information, B2B eCommerce stores can establish themselves as reliable and transparent sources for business procurement needs.

Inventory 52

Inventory Supply Chain Efficiency Supply Chain Optimization Purchasing 52

Procurement Software

OCTOBER 17, 2023

The result is multiple ERP systems and data warehouses being present across different regions or Business Units. Service industries and tech companies In non-manufacturing businesses, Procurement will typically report into the CFO. However, it can often be a challenge to make a compelling business case beyond this.

Data 59

Data Procurement supply chain budgeting supply chain software solutions 59

Procurement Software

FEBRUARY 20, 2024

The platform offers trusted collaboration between buyers and vendors, based on a fully transparent, real time single source of truth. trueLedger automates procure-to-pay (P2P) and order-to-cash (OTC) processes, with zero manual intervention in invoice processing, accounting and payments​.

Supply Chain Efficiency 59

Supply Chain Efficiency supply chain software solutions Procurement Real-time Visibility 59

Pipefy

MAY 9, 2023

Buyers that don’t use enough suppliers make themselves vulnerable to dependency on one for certain goods or services. Procurement ROI How does money spent by a business’ procurement department pay off? Monitor the following essential supplier KPIs to stay informed on performance, compliance, and pricing.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52