Remove Business strategy Remove Buyers Remove supply chain budgeting
article thumbnail

Strategic Sourcing Best Practices – Proven Strategies for Procurement Success

Jaggaer

Historical data and AI-driven insights help optimize decision-making, allowing procurement teams to focus their expertise on more nuanced evaluations like supplier alignment with business strategy and customer service approach. Buyers can standardize their systems and require suppliers to use compatible technologies.

article thumbnail

The Market Speaks: Procurement practitioner requirements and the tech vendor response — Tradeshift

Spend Matters

To kick off the first in the vendor series, we spoke with James Stirk, Chief Revenue Officer at business commerce platform Tradeshift. Businesses are inevitably looking at ways to reduce costs, but that’s rarely the primary motivator we’ve seen for change, even in the current economic climate.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Europe is Coping with Supply Chain Disruption

Jaggaer

Define your procurement response strategy. Catch the on-demand webinar on building business continuity plans and business strategies for the short, mid and long-term. This is perhaps an extreme example, but it highlights how COVID-19 is causing severe disruptions to supply chains. The longer-term impacts.

article thumbnail

Procurement Technology: 6 Solutions You Should Know In 2024

Pipefy

Procurement technology landscape Procurement technology is primarily designed to simplify procurement processes and reduce costs, but it’s grown to offer so many more benefits than that, with the greatest one being transforming procurement into a source of reliable strategic influence.

article thumbnail

7 Best Procurement Tools to Streamline Your Business Processes

Pipefy

Procurement solutions encompass a wide range of specific functions due to the many aspects of the procurement process, including purchase requests centralization, procure-to-pay, sourcing, budget management, supplier management, and forecasting. The features of these solutions can vary widely.

article thumbnail

Create a lasting customer retention strategy

IBM Supply Chain Blog

The goal is to activate first-time buyers and then keep customers from switching to a competitor. Some of the steps to building an effective customer retention strategy are: 1. Communicate mission and values Many customers, particularly millennials and Gen Z buyers, are more invested in an organization’s mission and values.

article thumbnail

What’s Next for Digital Procurement?

Jaggaer

With budgets not growing at an adequate pace, or even shrinking, procurement cannot deliver the value that digital transformation promises. They should also extend this digitalization to supply chain management (supplier portal, webEDI, etc.) This is precisely the approach that JAGGAER has adopted with the launch of JAGGAER ONE.