Jaggaer

FEBRUARY 5, 2025

This allows the procurement team to quickly identify the lowest or most favorable bid based on cost factors. For example, carbon emissions can be costed, and delivery times or product quality might be scored numerically or based on predefined KPIs in the system.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

NLPA (Next Level Purchasing Association)

MARCH 16, 2023

Spend Management is a critical function within an organization, and it involves the strategic management of the company’s spending to reduce costs, improve efficiency, and enhance profitability. However, I also recognize that we need to balance cost savings with the need to invest in the future.

Spend management 98

Spend management Management Procurement supply chain budgeting 98

Supply Chain Opz

NOVEMBER 9, 2014

Companies of all sizes have been capturing the value from Global Supply Chain to increase the economies of scale and scope for years. Due to the rapid change in global business environment, managers find it difficult to gain the edge over competitors. delivery reliability”), but is that really “supply chain thinking”?

Agile and Lean Supply Chain 109

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 109

Supply Chain Game Changer

JULY 14, 2021

Subscribe to Supply Chain Game Changer. Featuring Our 12 Best Procurement Articles! Procurement and Sustainability are your business’ Yin and Yang. Procurement and Sustainability are two disciplines and business functions that exist in a perfectly harmonious contradiction. Procurement is Committed.

Sustainability 98

Sustainability Procurement supply chain budgeting Agile and Lean Supply Chain 98

The Good Spending

AUGUST 23, 2022

Procurement value demystified Unfortunately, "procurement value" became another buzzword – everyone tells us to generate, capture, and sustain it. Value is paramount to procurement evolution. The following pyramid of procurement evolution puts the value proposition at the chart's top.

Procurement 98

Procurement supply chain budgeting Supply Chain Optimization Budget 98

NLPA (Next Level Purchasing Association)

MAY 8, 2023

Supply chain visibility is essential for successful procurement, as it enables businesses to proactively manage risks and optimize their supply chain. By having a clear view of their entire supply chain, businesses can identify potential issues and take steps to mitigate them.

Supply Chain Visibility 52

Supply Chain Visibility Real-time Visibility supply chain budgeting Supply Chain Optimization 52

Spend Matters

AUGUST 2, 2023

Spend Matters constantly updates its understanding of the state of the procurement tech market via RFIs for our SolutionMap dataset, vendor interviews, global event attendance and product demos with the aim of keeping tech-selection decision makers ahead of market trends. What are the challenges and asks of your customers?

supply chain budgeting 98

supply chain budgeting Procurement Supply chain Suppliers 98

NLPA (Next Level Purchasing Association)

DECEMBER 14, 2022

Until you can leverage what it takes to succeed, most businesses today will struggle to maintain fiscal viability and relevance in the Modern Global Market. The root causes of these issues often stem from a clash of the following critical Supply Chain Variables: Poor Toxic Culture. Inability to execute good Business Strategies.

Agile and Lean Supply Chain 52

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

Empowering CPO

JUNE 30, 2023

Introduction In the dynamic world of business, the ability to effectively manage and optimize supply chains has emerged as a critical success factor. At the heart of this revolution lies a powerful tool that many companies are now leveraging to achieve competitive advantage: Managed Procurement Services.

Supply Chain Optimization 52

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

SCMDOJO

OCTOBER 7, 2024

The Global Supply Chain is thriving with each passing day. Business profitability and customer satisfaction always go hand in hand. However, the game-changer is how Cost Efficiency and Cost Effectiveness play their role in the supply chain. What is Cost Efficiency?

Supply Chain Efficiency 92

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 92

Arkestro

FEBRUARY 25, 2025

Resources / Blog / How (and Why) Sustainability Became an Essential Part of Procurement Processes How (and Why) Sustainability Became an Essential Part of Procurement Processes In todays rapidly evolving procurement landscape, sustainability is no longer just a buzzword its a business necessity.

Sustainability 52

Sustainability Supply Chain Efficiency supply chain budgeting Ethics 52

SCMDOJO

DECEMBER 18, 2023

In the world of manufacturing and maintenance, effective spare parts management is essential for maximizing equipment uptime and reducing costs. Predictive Management Utilization: Utilize predictive management techniques to optimize resource utilization, cut costs, and minimize the time required for issue resolution.

Supply Chain Efficiency 94

Supply Chain Efficiency Inventory control Management supply chain budgeting 94

Let's Talk Supply Chain

MAY 16, 2024

Supply Chain is no stranger to change, challenges, and yes, general chaos, but this year has been its own kind of animal charged by a strained global economy, shifting tensions across continents, and a major presidential election that could have resounding impacts across business and commerce this coming fall.

supply chain budgeting 96

supply chain budgeting Agile and Lean Supply Chain Supply chain Logistics 96

Barkers Procurement

NOVEMBER 15, 2023

There are several different reasons why you might wish to optimise your procurement department. Your business or organisation could be entering a new growth phase or a growth strategy phase. Then there are more straightforward business reasons such as the need to control costs and increase profitability.

Procurement 52

Procurement supply chain budgeting Business strategy Strategy 52

HICX

DECEMBER 11, 2023

The effective management of supply chains is critical to business operations and by adopting newer digital solutions, organizations can benefit from improved efficiency, reduced costs and operational improvements across the supply chain as a whole.

Supply chain management 52

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

Empowering CPO

JULY 16, 2023

Introduction Brief Explanation of Managed Procurement Services In today’s interconnected business world, the seamless acquisition of goods and services is paramount to the smooth operation of any organization. This is where managed procurement services come into the picture.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

SCMDOJO

NOVEMBER 9, 2023

Budgeting the Inventory controls Anticipation and meticulous planning are paramount when embarking on inventory management, necessitating the formulation of an annual inventory budget well in advance. Inventory control templates must be formulated dictating the desired budget.

Inventory control 105

Inventory control Inventory supply chain budgeting Supply Chain Optimization 105

Jaggaer

APRIL 14, 2020

Can the complex global supply network survive the COVID-19 pandemic? 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. Coronavirus will lead to permanent changes in global supply chains.”.

supply chain budgeting 52

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

Supply Chain Game Changer

JULY 2, 2021

Subscribe to Supply Chain Game Changer. Businesses have come a long way from just selling products and services to refining various processes and audience targeting. Today, running a business is undoubtedly rewarding but challenging at the same time. Your decisions will have a significant impact on the overall business.

Management 73

Management supply chain budgeting supply chain software solutions Supply Chain Efficiency 73

Empowering CPO

JUNE 25, 2023

Understanding Procurement and its Business Significance At the heart of every thriving business is an effective and efficient procurement process. Procurement, in its simplest form, is the process by which businesses acquire the goods, services, or works they need from external sources. Introduction A.

Procurement 52

Procurement supply chain budgeting Real-time Visibility Supply Chain Efficiency 52

Pipefy

MAY 9, 2023

Definition of procurement KPIs Key performance indicators (KPIs) are measurements of the efficacy of a business department, process, or strategy. They are essential to measure the costs and reliability of a business strategy, as well as the performance and results.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

Pipefy

OCTOBER 25, 2023

Procurement has a direct impact on a company’s financial health. From reducing waste and containing costs to mitigating risks such as procurement fraud and inflated expenses, procurement’s insights and expertise can help businesses navigate some of their most pressing challenges.

Innovation 52

Innovation Strategy e2e Supply Chain Efficiency 52

Pipefy

JANUARY 30, 2024

Improvements to existing procurement processes, procedures, and operations are as time-sensitive as ever. In the 2024 State of Procurement Data Report by Amazon Business, 95% of decision-makers surveyed acknowledge that there’s room for procurement optimization.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Real-time Visibility Supply Chain Efficiency 52

Empowering CPO

JULY 3, 2023

Introduction In the complex and fast-paced business world of today, Managed Procurement Services (MPS) have emerged as a key solution for enterprises seeking to streamline their operations, improve efficiencies, and achieve cost savings. Procurement is no longer just about purchasing goods and services at the lowest cost.

Innovation 52

Innovation Strategy Procurement Management 52

Pipefy

NOVEMBER 24, 2023

Many organizations have implemented software automation tools that allow them to get more done at a lower cost, but procurement is one area that has lagged behind in this trend. According to Amazon’s 2024 State of Procurement report, 95% of decision makers believe that procurement has room for optimization.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency e2e 52

Empowering CPO

JULY 16, 2023

Introduction Brief Explanation of Managed Procurement Services In today’s interconnected business world, the seamless acquisition of goods and services is paramount to the smooth operation of any organization. This is where managed procurement services come into the picture.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

Empowering CPO

JUNE 14, 2023

Introduction Welcome to the dynamic world of procurement, where businesses are constantly seeking innovative ways to manage their supply chains more efficiently and effectively. One strategy that has captured considerable attention is procurement outsourcing. Let’s dive in!

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Real-time Visibility 52

Empowering CPO

MAY 4, 2023

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. Introduction A. Embrace Digital Transformation A. Some of the key benefits include: 1.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

TYA Suite

SEPTEMBER 15, 2024

Companies increasingly turn to innovative systems to improve their procurement operations, increase efficiency, and cut expenses. Among these solutions, procurement ERP (Enterprise Resource Planning) stands out as a game changer. Procurement ERP refers to integrating procurement functions within an enterprise resource planning system.

Procurement 40

Procurement Real-time Visibility supply chain software solutions Supply Chain Efficiency 40

NLPA (Next Level Purchasing Association)

MAY 7, 2023

The executive component of S&OP is the eS&OP, where top management, middle managers, and specialists meet to balance supply and demand, align operational and financial planning, connect strategic planning with day-to-day sales and operations, and establish policy, strategy, risk, and budget changes via a disciplined discussion.

supply chain budgeting 52

supply chain budgeting Demand Strategic planning Demand Planning 52

Jaggaer

OCTOBER 8, 2019

Our survey of the global procurement community and the subsequent report, Digital Transformation in Procurement: How Close Are We? revealed heightened awareness of digital technologies and their potential to transform the procurement function, but little progress over the past two years. It identified a couple of key challenges.

Procurement 40

Procurement e2e Agile and Lean Supply Chain supply chain software solutions 40

Skill Dynamics

FEBRUARY 6, 2024

Supplier relationship management is a business strategy utilized by organizations to strategically build relationships with their suppliers that are mutually beneficial. Often it involves attempting to streamline the procurement process and minimise waste within the supply chain.

Supplier relationship management 59

Supplier relationship management Suppliers Supply Chain Efficiency Management 59

IBM Supply Chain Blog

JANUARY 25, 2024

.” Read the “Presidio AI Framework” paper to learn how to address generative AI risks with guardrails across the expanded AI life cycle As generative AI continues to go mainstream, organizations are excited about the potential to transform processes, reduce costs and increase business value.

Ethics 94

Ethics Strategy Risk Business strategy 94

Empowering CPO

JUNE 22, 2023

This practice not only promotes economic equality but also encourages a wide array of creative solutions and products that enhance the overall business performance. Enter spend analysis, an essential procurement tool that provides a detailed look into a company’s expenditures. Understanding Spend Analysis A.

Suppliers 52

Suppliers Supply Chain Efficiency supply chain budgeting Data 52

Pipefy

AUGUST 1, 2023

Any business that wants to excel, or even compete, in the current capricious market must have the ability to make the best, most efficient use of its resources. In the past, that meant cutting facilities budgets or reigning in travel allowances. Businesses must set cost objectives at the creation stage of their operations strategy.

Strategy 52

Strategy supply chain budgeting Supply Chain Efficiency Real-time Visibility 52

Planergy

AUGUST 16, 2022

Supplier development is an important part of a company’s overall supply chain management strategy and is essential for ensuring that the right suppliers are selected to deliver quality products and services. Evaluate Your Supplier Base First, look at the number of suppliers your procurement teams rely on every day.

Suppliers 52

Suppliers Management supply chain budgeting Supplier relationship management 52

Pipefy

JULY 24, 2024

Benefits of intelligent automation IA platforms provide many benefits across industries due to their ability to use large data volumes and perform precise calculations, typically when conducting analyses and implementing business processes. Automating this process reduces the time needed to create the account.

supply chain software solutions 52

supply chain software solutions supply chain budgeting Supply Chain Optimization Data 52