Spend Matters

JUNE 19, 2023

E-procurement IT solutions improve process automation, increase spending under management, reduce maverick spend, improve cross-functional process/data integration (e.g., budget compliance and inventory availability), enable effective spend, preferred supplier and category management.

Procurement solutions 98

Procurement solutions Procurement supply chain budgeting Real-time Visibility 98

Zycus Cognitive Procurement

JANUARY 16, 2023

You must have found yourself struggling with limited visibility into preferred or contracted suppliers, contract utilization status, budgeting issues, and multiple requirements for sourcing low dollar items or services. It is usually time consuming, require multiple approvals and follow ups. Automated Buyer verification .

Sourcing 52

Sourcing Real-time Visibility Procurement Buyers 52

Procurement Software

MAY 14, 2024

Enhanced Efficiency and Visibility: By adopting process orchestration tools and platforms, businesses gain real-time insights and control over their procurement activities, facilitating quicker decision-making and improved risk management. Modern process orchestration software is designed with the end-user in mind.

Procurement 52

Procurement Real-time Visibility e2e Chief Procurement Officer 52

Procurement Software

MAY 28, 2024

We need to move with the times. While traditional metrics such as cost savings, procurement cycle time, and supplier lead times are vital, they don’t touch on the softer metrics of a successful procurement team. It’s not the same as progression into managing of a team of junior level, operational team members.

Procurement 52

Procurement Category management Procurement team Real-time Visibility 52

Procurement Software

AUGUST 20, 2024

If you’re still building your function, maybe it’s just you and a couple of Buyers. The reality though is that many of them are spending a disproportionate amount of time on tactical work and firefighting day-to-day operational purchasing issues. Let’s be real. These 10 FTEs should ideally be focused on strategic work.

Procurement 52

Procurement Real-time Visibility Budget Procurement team 52

Planergy

JANUARY 18, 2024

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Catalog management in procurement is the strategic process of managing and maintaining a product catalog within an organization.

Management 52

Management Procurement Supplier relationship management Real-time Visibility 52

Supply Chain Game Changer

DECEMBER 3, 2019

If we had this level of synchronization we would be aligned when it came time to develop our attack plan. Organizationally I learned that while there was one person responsible for Inventory performance tracking this person was not given a lot of time by the Executive team. After all we were in this together.

Inventory 56

Inventory Supply Chain Optimization Supply chain Supply 56

Procurement Software

OCTOBER 10, 2023

Remote work Younger people especially want more location and time freedom. However, most roles, at least anecdotally from the job boards I occasionally look at, are at best hybrid or at worst full-time office based. People are leaving the profession Burnout is real. Yes, in-person time is vital. It’s a big step up.

Procurement 59

Procurement Real-time Visibility supply chain software solutions Category management 59

Procurement Software

MARCH 11, 2022

Savings on indirect spend categories can’t usually be measured as Purchase Price Variance (PPV) against a standard or average price which can directly impact the bottom line. 5 effective tail spend management strategies and how procurement technology can help. Secondly, it also enables Procurement to free up their time.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

Savings on indirect spend categories can’t usually be measured as Purchase Price Variance (PPV) against a standard or average price which can directly impact the bottom line. 5 effective tail spend management strategies and how procurement technology can help. Secondly, it also enables Procurement to free up their time.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

JULY 4, 2023

It also provides real-time data and analytics that can be used to improve purchasing decisions. It can also provide real-time data and analytics. OCR also enhances customer experience by simplifying access to data, improving response times, and streamlining workflow.

Supply Chain Efficiency 52

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

Empowering CPO

JUNE 14, 2023

It is a strategic process that involves identifying business needs, sourcing suppliers, negotiating contracts, managing supplier relationships, and ensuring the timely delivery of high-quality products or services. These models are often accompanied by practices such as annual rate contracts, bulk buying, and just-in-time purchasing.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Spend Matters

DECEMBER 18, 2024

Supply disruptions and market dynamics impacted many companies because they had limited visibility into their supply chains, no structured risk management programs and inadequate mechanisms to monitor markets.

Risk 107

Risk Real-time Visibility Category management Procurement 107