World of Procurement blog

APRIL 23, 2024

Procurement Software, also known as e-procurement software, is a digital solution that automates the process of acquiring goods and services. By leveraging technology, it helps businesses manage their purchasing activities through electronic methods.

supply chain software solutions 52

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

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. Demand or need established Whether it’s a purchase request or forecasted demand, a need for a product, good, or service is required In order to begin sourcing.

Sourcing 52

Sourcing e2e Purchase orders Bidding 52

Pipefy

FEBRUARY 3, 2023

Automated invoice processing makes it easy to process both types of invoices: those connected to a purchase order (known as a PO-based invoice) and those that are not connected to a purchase request or purchase order (known as a non-PO invoice).

e2e 59

e2e Management Purchase orders Real-time Visibility 59

Barkers Procurement

DECEMBER 5, 2024

Sunbelt Rentals raise on average 800 Purchase Orders per day with a monthly average spend of £38million, demonstrating the scale of the project. Early indications are that the analytics available to the Sunbelt Rentals team will be instrumental in informing strategic decisions across the business.

supply chain software solutions 52

supply chain software solutions e2e Purchase orders Supply Chain Efficiency 52

Barkers Procurement

OCTOBER 2, 2023

Why A Procurement Managed Service Can Transform Your Business Procurement is about more than just acquiring goods and services at the right time and at the best price for your business. You have to plan your procurement and align it with the overarching goals of the organisaton.

Management 52

Management Procurement Contract Contract management 52

Empowering CPO

JUNE 30, 2023

In simple terms, they are a suite of services where a third-party provider, like EmpoweringCPO, manages various procurement functions on behalf of an organization. These services can range from strategic sourcing and supplier management to purchase order management and invoicing. So, let’s dive in!

Management 40

Management Procurement Supply Chain Efficiency Strategic sourcing 40

Procurify

MAY 24, 2022

As many as 95 percent of firms adopted technology in their procurement and supply practices according to the CIPS’ 2020 Digitisation in Procurement and Supply Report. . You need to create an e-procurement strategy that will guide your business procurement and supply processes. Step 5: use procurement software .

Procurement strategies 52

Procurement strategies Strategy Procurement Cost of ownership 52

SCMDOJO

SEPTEMBER 18, 2023

It is a fundamental activity within procurement, emphasizing the exchange of value between the buyer and the seller. Buying often involves evaluating quotations, issuing purchase orders, and overseeing the delivery of the acquired goods or services. What is procurement in business?

Procurement 105

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

Empowering CPO

JULY 17, 2023

Introduction Brief Explanation of the Role of Procurement in Businesses Procurement is the lifeblood of any business, large or small. It’s the complex process through which businesses source and acquire the goods and services they need to operate and grow.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Supply Chain Optimization 52

Procurement Software

FEBRUARY 20, 2024

Weproc aims to facilitate the management of Purchase Orders and invoices through a simple and efficient interface. Users can break down carbon emission insights by category, allowing them to zoom in on products, suppliers, materials, transports or purchase orders. The platform is especially suited for SMEs.

Supply Chain Efficiency 59

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

Pipefy

MAY 23, 2023

Purchase orders Automating the purchase order cycle can drastically reduce future invoice processing time and costs. Digital procurement systems are designed to remove the inevitable delays and miscommunications from this process. Follow its path virtually by setting an email alert for each phase of approval.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

Pipefy

MAY 9, 2023

Purchase order (PO) cycle time The time that elapses from a buyer’s receipt of a purchase requisition to the transfer of the PO to the supplier is known as PO cycle time. During this time, several events occur as outlined below: Purchase request intake A purchase request received and reviewed by the procurement team.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

Procurement Express

FEBRUARY 14, 2025

Manufacturing Sector 76% reduction in approval cycle time $420,000 annual savings in operational costs 89% decrease in approval-related queries Retail Operations 92% faster Purchase Order processing 4.8/5

Purchase orders 52

Purchase orders Export Purchasing Procurement 52