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

APRIL 16, 2024

businesses, what do the following statistics tell you? “60% 60% of businesses in the U.S. are still relying on Excel spreadsheets, while 21% are moving towards other spreadsheet software solutions.” How much better or faster would business move forward with AI?

supply chain software solutions 89

supply chain software solutions Supply Chain Optimization Data Procurement 89

ivalua

MARCH 1, 2022

While supplier relationships are priority, external factors such as currency, demand, and cost of energy are affecting pricing and supply. ACT AS A STRATEGIC ADVISOR TO THE BUSINESS . As inflation rises, procurement departments will need to improve their analytical, modeling, and reporting capabilities.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Procurement team supply chain software solutions Sustainability 130

SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. 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.

Procurement 105

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

The Good Spending

MAY 27, 2024

Disintermediation Disintermediation is the process of removing intermediaries from a supply chain. In the procurement world, this means directly engaging with manufacturers or service providers instead of going through distributors, agents, or other middlemen. My Udemy course "Value-based Procurement."

Supply Chain Efficiency 59

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

World of Procurement blog

JANUARY 19, 2022

With solutions such as Tealbook , which creates a supplier data foundation that isn’t dependent on a supplier going into a portal and updating information, we will see a shift in procurement teams opting for options such as this. With better data comes more precise insights into your Supply Chain.

Agile and Lean Supply Chain 52

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

Pipefy

MAY 23, 2023

Here’s what that involves: Find the right procurement tool for your organization. However, the software that works best for you will be based on your industry, business size, tech stack, and procurement objectives, which might include hastening production, eliminating order errors, or cutting dead stock costs.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

HICX

MARCH 10, 2023

So, management ended the search and tasked Chief Procurement Officers (CPOs) with this added job. To do it, CPOs quickly applied ‘point’ solutions, software that can deal with given use cases. Procurement soon learnt however that plugging these tools into established software (P2P and S2P suites) doesn’t work.

Procurement 52

Procurement supply chain software solutions Agile and Lean Supply Chain Suppliers 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

Pipefy

NOVEMBER 3, 2023

Procurement requires precision, predictability, and the ability to problem-solve with agility and confidence. A resilient procurement process can help businesses adapt more quickly to changes in the market and disruptions to the supply chain. With the right tools, teams can achieve this and more. Pipefy, 2023.

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Procurement Procurement team Supply Chain Efficiency Agile and Lean Supply Chain 52

Procurement Software

OCTOBER 17, 2023

Fast Moving Consumer Goods FMCG businesses (or CPG to our American readers) are built on slick supply chains which foster brand value and delight customers. That’s why Procurement often sits within the Supply Chain function. 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

Barkers Procurement

JUNE 21, 2023

From a spend compliance perspective, BSM software comes into its own. The system will force users to procure from approved suppliers within the system. And these approvals can be set based on multiple factors.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Budget Procurement team 52

Pipefy

MAY 9, 2023

To help you meet yours, we’ve compiled a list of 22 essential procurement KPIs that fall into three business categories: suppliers, staff, and operational. Supplier KPIs Suppliers, by definition, comprise a crucial link in your supply chain. After all, your shortages are their problem, as well.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

Pipefy

FEBRUARY 3, 2023

It’s now a matter of unlocking strategic and tactical benefits like spend visibility, forecasting accuracy, cash management, and improved supplier relationships — all valuable drivers following recent economic and supply chain disruptions. Learn more about the benefits of low-code automation software.

e2e 59

e2e Management Purchase orders Real-time Visibility 59

Empowering CPO

JUNE 9, 2023

The Importance of Procurement in Business Procurement is the lifeblood of any business. It is the process of sourcing, negotiating, and purchasing the goods and services a business requires to carry out its operations. This can range from raw materials for production, to office supplies, to strategic partnerships.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

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

Claritum

AUGUST 4, 2020

your business, however there are some common areas of strategic focus. and development of plans: Analysing and quantifying value chains. Supply chain optimisation. Defining best practice across the entirety of the supply chain. Addressing ethical business and supply chain practices.

Procurement 41

Procurement Procurement team Supply Chain Efficiency Purchasing 41

Claritum

NOVEMBER 16, 2018

The areas that they focus on will to some extent depend on the nature of your business, however there are some common areas of strategic focus and development of plans: Analysing and quantifying value chains. Supply chain optimisation. Defining best practice across the entirety of the supply chain.

Procurement 69

Procurement Procurement team Supply Chain Efficiency Purchasing 69

Pipefy

DECEMBER 18, 2023

In analyzing each of these drivers for adopting process automation software and getting to the root of these results, it’s clear that procurement teams are in need of a solution that not only improves day-to-day operations but also future process demands as they arise — independent of IT and without compromising agility.

Procurement 52

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