The Good Spending

APRIL 2, 2023

Indeed, some colleagues find it simpler to dedicate themselves to tireless supplier negotiations and measure the value creation in savings. To do that, we must establish trustful relations with budget owners, master some inventory and consumption forecasting methods, build and maintain complex SKU and price databases, and much more.

Procurement 98

Procurement Demand Planning Budget Category management 98

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

SCMDOJO

SEPTEMBER 18, 2023

An example of procurement could be a manufacturing company sourcing raw materials from different suppliers to create their final product. This process involves identifying reliable suppliers, negotiating contracts, and ensuring timely delivery of the required materials. What is a procurement person called?

Procurement 105

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

Pipefy

FEBRUARY 13, 2023

Source-to-pay (also known as S2P) is a process within procurement that encompasses activities associated with business and supplier interactions. S2P begins much earlier than P2P within procurement and encompasses many additional steps than P2P.

Sourcing 52

Sourcing e2e Purchase orders Bidding 52

Procurify

MAY 12, 2022

Keep in mind, however, that how a company shapes its internal procurement process influences factors like the company’s size, industry, available human resources, and organizational structure. For an in-depth explanation of the procurement process, check out our guide: What are the Stages of the Procurement Process ?

Purchasing 52

Purchasing Procurement Purchase orders Cost of ownership 52

Procurement Software

FEBRUARY 20, 2024

Digi Proc DigiProc is a Swedish startup offering a platform for automated supplier negotiations. It enables users to easily negotiate with all of their tactial and tail spend suppliers. The platform promises to realise significant value and savings from each negotiation.

Supply Chain Efficiency 59

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