Procurement Insights

FEBRUARY 18, 2025

Lack of Integration Between Systems Issue: AI-powered procurement solutions require seamless connectivity between ERP, supplier databases, and sourcing tools. Example: A company adopts an AI-powered contract management tool , but it doesnt integrate with their sourcing or invoicing system , creating inefficiencies.

Procurement team 52

Procurement team Procurement solutions Contract management Quality 52

Una

NOVEMBER 1, 2023

For procurement professionals in particular, being aware of non-verbal communication is absolutely essential, especially in situations of high intensity or where first impressions make the difference in measurable outcomes. In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Laura Scarfe.

Influencing 78

Influencing Negotiation Business procurement Sourcing 78

SCMDOJO

SEPTEMBER 18, 2023

Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. Sourcing plays a crucial role in building strong supplier relationships and achieving cost-effectiveness in the supply chain.

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

Una

NOVEMBER 30, 2022

But procurement professionals and their executive leaders are realizing that digital procurement technology can create a better overall value proposition for their company, in addition to the traditional goal of finding more significant cost savings. 5 Benefits of digital transformation in procurement. The Future of Procurement.

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Procurement Supply Chain Efficiency Supply Chain Optimization Supply chain 97

Procurement Insights

NOVEMBER 11, 2022

Specifically, that “efficient world-class supply management practice should involve multiple internal and external stakeholders” because “a successful source-to-settle workflow must look at the entire ecosystem that connects sourcing and procurement to accounts payable and treasury.” ” Mary Zampino.

Procurement 64

Procurement Business procurement Sourcing Price 64

ivalua

DECEMBER 6, 2022

With Procurement as an end-to-end process owner, your organization will keep a grip on spend and compliance. In case a call-off against a contract by a requestor is not possible and a sourcing activity is required, I recommend centralizing these activities so that all spend goes through the hands of Procurement.

e2e 130

e2e Suppliers Procurement Contract 130

Una

MAY 2, 2023

Like the anthropomorphic dog in the This is Fine meme , they’ve been denying the need to get to grips with their business spend despite a conflagration consisting of out-of-control costs, spiraling regulatory risk, and messy supplier relationships. Source Instead of launching procurement in a reactive panic, a lot of stress (and money!)

supply chain software solutions 78

supply chain software solutions Procurement Supply chain Sourcing 78

Procurement Tactics

JULY 2, 2023

Supplier Selection Another key factor to consider when making a successful job order is by identifying the right supplier for your procurement. Procurement professionals can assess the prospective suppliers on the basis of their ability and commitment to comply with the criteria and metrics need for your business procurement needs.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

Procurement Insights

AUGUST 14, 2024

The procurement software landscape has witnessed significant shifts over the past few years, with private equity firms increasingly taking center stage. The latest development in this ongoing saga is the acquisition of Jaggaer, a prominent Source-to-Pay (S2P) vendor, by Vista Equity Partners.

Procurement 98

Procurement Vendor relationships Innovation Leadership 98

Procurement Insights

SEPTEMBER 17, 2024

Here are 10 of the top procurement blogs in the industry, known for providing valuable insights, trends, and best practices: Spend Matters One of the most influential blogs in procurement, Spend Matters covers a wide range of procurement topics, including technology, supplier management, and sourcing trends.

Chief Procurement Officer 69

Chief Procurement Officer supply chain software solutions Supply Chain Optimization Supply chain management 69

Supply Chain Game Changer

MAY 26, 2020

With the promise of future business awards Procurement is largely responsible for finding and qualifying potential new suppliers. Once there is a pool of suppliers Procurement conducts and leads the quotation and supplier selection process culminating in the award of business.

Procurement 105

Procurement Purchase orders Supply Chain Optimization Ethics 105

TYA Suite

JANUARY 27, 2025

Understanding Procurement Management in Real Estate Procurement in real estate involves acquiring goods, services, and works necessary for the development and maintenance of properties. From sourcing construction materials to hiring contractors, a well-organized is essential for timely project completion and cost control.

Real-time Visibility 40

Real-time Visibility Management Procurement supply chain budgeting 40

The Good Spending

APRIL 2, 2023

My Udemy course "Adaptive Sourcing: Agile Procurement in Practice." More information on this and other exciting topics can be found in "The Technology Procurement Handbook." My Udemy course "Foundations of Contracts and Outsourcing."

Procurement 98

Procurement Demand Planning Budget Category management 98

Procurement Insights

MARCH 27, 2025

AdaptOne Solution: Custom dashboards and reporting tools Visibility into supplier performance, cycle times, and bottlenecks Track cost savings , on-time delivery , and non-compliance events Impact: Informed procurement decisions, better cross-functional collaboration, and spend optimization.

Real-time Visibility 52

Real-time Visibility e2e Suppliers Supply Chain Efficiency 52

Una

JUNE 6, 2024

One powerful way procurement can contribute is through intentional supplier selection and management. By prioritizing local and minority-owned businesses , procurement can ensure that a company’s economic impact stays within the community.

Procurement team 52

Procurement team Ethics Suppliers Procurement 52

World of Procurement blog

JANUARY 19, 2022

With remote working being the norm, with the disjointed nature of working, ensuring you have a single source of truth for your supplier information is the key to unlocking value in your supply chain. Procurement Tech can automate so many parts of your process that you hardly need to consider them.

Agile and Lean Supply Chain 52

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

The Good Spending

JANUARY 3, 2024

Moreover, SaaS procurement often involves a pay-as-you-go pricing structure, providing cost predictability and easy scale-up and down of the license mix. Despite its advantages, SaaS procurement is complex. My Udemy course "Adaptive Sourcing: Agile Procurement in Practice."

Negotiation 59

Negotiation Contract Price Sourcing 59

The Good Spending

MARCH 3, 2024

Value-Procurement Framework for the Services Sourcing So, we just gradually reached the familiar ground of value delivery. Once you map a service you're about to source in any of the four proposed quadrants, you may identify the value promise and procurement strategy, as presented below.

Procurement 59

Procurement Sourcing Category management Procurement strategies 59

The Good Spending

MAY 27, 2024

In the farm-to-table movement, restaurants source ingredients directly from local farmers rather than through wholesalers. My Udemy course "Adaptive Sourcing: Agile Procurement in Practice." More information on this and other exciting topics can be found in "The Technology Procurement Handbook." Example : Farm-to-table.

Supply Chain Efficiency 59

Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions Supply Chain Optimization 59

Jaggaer

JUNE 28, 2024

Despite the improved economic outlook, half of procurement and finance professionals report that inflation, recession risk, and monetary policy changes are having a major or severe impact on their business.

supply chain budgeting 52

supply chain budgeting Supply chain management Supply chain management Agile and Lean Supply Chain 52

World of Procurement blog

APRIL 23, 2024

Spend Analysis Tools: Provide insights into spending patterns, helping businesses identify savings opportunities and improve procurement strategies. E-Sourcing Software: Facilitates online bidding and tendering processes, enabling transparent and efficient supplier selection.

supply chain software solutions 52

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

World of Procurement blog

APRIL 23, 2024

Spend Analysis Tools: Provide insights into spending patterns, helping businesses identify savings opportunities and improve procurement strategies. E-Sourcing Software: Facilitates online bidding and tendering processes, enabling transparent and efficient supplier selection.

supply chain software solutions 52

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

Procurement Software

OCTOBER 17, 2023

Procurement spend data is often unstructured, difficult to interpret and unreliable as a source of truth. Poor data quality is one of the biggest challenges that procurement leaders face when embarking on a digital transformation or procurement excellence journey. There’s also the lack of overall ownership of the problem.

Data 59

Data Procurement supply chain budgeting supply chain software solutions 59

Procurement Software

FEBRUARY 20, 2024

Apadua Apadua is a professional services sourcing software, based in Cologne, Germany. Founded in 2016, the company is led by two experienced procurement and management experts. In addition, Explore uses information from Source and Monitor to update its database. M&A) The solution gives you full spend visibility.

Supply Chain Efficiency 59

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

Arkestro

NOVEMBER 7, 2023

Len DeCandia , former CPO of Johnson & Johnson, recently shared in a webinar, The Power Couple: Uniting Manufacturing CFOs and Procurement for Margin Expansion, that the innovation demonstrated in this instance was a value beyond cost savings but had a significant material impact on a topline business metric by accelerating a product launch.

Procurement 52

Procurement Supply Chain Efficiency Innovation Procurement team 52

Zycus Cognitive Procurement

DECEMBER 15, 2022

Supply chain management has long been characterized by the need to source and aggregate goods from various vendors, manufacturers, and suppliers across a wide geographic area. Supply chain resilience refers to the ability of businesses to anticipate and adapt to threats and disruptions while maintaining optimal performance levels.

Supply chain management 52

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

The Good Spending

MAY 28, 2023

Building a High-Performing Procurement Team While efficient sourcing, negotiation, and supplier management are crucial for organizational success, the strength of the procurement team is equally important. Implementers will conduct sourcing to demonstrate their famous attention to detail in executing the Category Strategy.

Procurement team 52

Procurement team Procurement Category management Sourcing 52

Procurify

MAY 12, 2022

One focuses on transactional functions, for example, while the other focuses on the strategic process of product sourcing. In this guide, we clarify any confusion on the difference between procurement and purchasing, and deep dive into each area. What is procurement? An effective procurement strategy can do many things.

Purchasing 52

Purchasing Procurement Purchase orders Cost of ownership 52

The Good Spending

SEPTEMBER 25, 2024

My Udemy course "Procurement Lab" My Udemy course "Foundations of Contracts and Outsourcing." My Udemy course "Adaptive Sourcing: Agile Procurement in Practice." More information on this and other exciting topics can be found in "The Technology Procurement Handbook."

Procurement 59

Procurement Sourcing Contract Price 59

Procurement Software

OCTOBER 1, 2024

Procurement, or purchasing as it was usually called back then, was definitely a back office function. Yes, there was some sourcing and supplier management involved as part of the team’s activity. We’re in 2024, and procurement teams are still getting trapped in administrative work and firefighting. Fast forward 25 years.

Procurement 52

Procurement Procurement team Influencing Real-time Visibility 52

Barkers Procurement

JUNE 21, 2023

Procurement Department A BSM platform will drive down costs The visibility that a BSM platform provides means that controlling costs becomes a much easier task. A BSM platform removes user error, shining a spotlight on this area of the business.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Budget Procurement team 52

The Good Spending

DECEMBER 13, 2021

Tail spend starts with the best intention to satisfy the business needs quickly and returns a handful of residual problems: non-contracted or generally non-compliant spend; a high volume of transactions; a high labor cost to the company, as each transaction requires reconciliation, processing, acceptance of goods, etc.

Buyers 52

Buyers Quantity Procurement Contract 52

The Good Spending

JUNE 14, 2024

My Udemy course "Adaptive Sourcing: Agile Procurement in Practice." More information on this and other exciting topics can be found in "The Technology Procurement Handbook." My Udemy course "Foundations of Contracts and Outsourcing."

Procurement 59

Procurement Influencing Ethics Sourcing 59

The Good Spending

OCTOBER 16, 2023

My Udemy course "Adaptive Sourcing: Agile Procurement in Practice." More information on this and other exciting topics can be found in "The Technology Procurement Handbook." My Udemy course "Foundations of Contracts and Outsourcing."

Negotiation 59

Negotiation Buyers Price Quality 59

Barkers Procurement

DECEMBER 5, 2024

Sunbelt selected the world-class spend management solution provider Coupa Software, choosing to implement the full suite of Coupa products to satisfy a variety of use cases across procurement, invoice automation, inventory, risk management and sourcing. Over 120 digital catalogues were considered.

supply chain software solutions 52

supply chain software solutions e2e Purchase orders Supply Chain Efficiency 52

The Good Spending

JUNE 15, 2022

So, there's no limitation to the competitive sourcing process. My Udemy course "Adaptive Sourcing: Agile Procurement in Practice." More information on this and other exciting topics can be found in "The Technology Procurement Handbook." The framework consists of a matrix of "buyclasses" and "buy phases."

supply chain budgeting 52

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

The Good Spending

JANUARY 13, 2024

My Udemy course "Adaptive Sourcing: Agile Procurement in Practice." More information on this and other exciting topics can be found in "The Technology Procurement Handbook." My Udemy course "Foundations of Contracts and Outsourcing."

Contract management 59

Contract management Negotiation Contract Demand 59